EX-99.3 4 ex99-3.htm AMC EXCEPTION GRADES REPORT

 

SMRF DEPOSITOR, LLC ABS-15G

 

Exhibit 99.3

 

 

 

 

Exception Grades

Run Date - 5/6/2022 3:59:22 PM    

AMC Loan ID Customer Loan ID Seller Loan ID Investor Loan Number Loan Exception ID Exception ID Exception Date Exception Type Exception Category Exception Subcategory 15E Category Exception Exception Detail Exception Information Compensating Factors Compensating Factor Information Applying Party Follow-up Comments Cleared Date Cured Date Waived Date Exception Level Grade Exception Level Rating Note Date Property State Occupancy Purpose Exception Remediation Overall
Initial Loan Grade		 Overall
Final Loan Grade		 Credit
Initial Loan Grade		 Credit
Final Loan Grade		 Compliance
Initial Loan Grade		 Compliance
Final Loan Grade		 Property
Initial Loan Grade		 Property
Final Loan Grade		 Originator QM ATR Status TPR QM ATR Status Is Curable
215558625 437221159   22156674 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank [redacted]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. Documentation reports the borrower received the appraisal onxx/xx/xx, yet the appraisal was not completed untilxx/xx/xx. Reviewer Comment (2021-08-12): Delivery provided. Clear.
 08/12/2021 1 A NJ Second Home Refinance - Cash-out - Other C B C B C A A A Non QM Non QM No
215558625 437221159 22156676 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - REO 25% Method Ability to Repay (Dodd-Frank [redacted]): Unable to verify Real Estate Owned income ([redacted]) using reasonably reliable third-party records. Missing the mortgage statement, tax verification, insurance verification, evidence of receipt of the most recent rent payment, and Lease for the xxx property. Reviewer Comment (2021-10-05): Client decided to not use income for this property.


Reviewer Comment (2021-10-04): Please update and forward the 1003 with no rental income for the xxx property, and also forward the Residual Income Worksheet.


Reviewer Comment (2021-09-23): Provide revised Final 1003 removing rental income for xxx that has been signed by the borrower.


Seller Comment (2021-09-23): After removing the rental income, the DTI is still below xx% without it as per the attached 1003 and 1008.


Reviewer Comment (2021-09-10): The Property in question here is xxx and not the subject property. It is not a Purchase for xxx. Lease and evidence of first month rent is required. Please forward.


Seller Comment (2021-09-08): Since this is a purchase, here is the appraisal to reflect property type and market rent?


Reviewer Comment (2021-08-15): Property liability documentation received, however lease and evidence of payment for first months rent required.


Seller Comment (2021-08-13): xxx - is INV Purchase that we just closed with [Redact] on xx/xx
 10/05/2021 1 A NJ Second Home Refinance - Cash-out - Other C B C B C A A A Non QM Non QM No
215558625 437221159 22156680 Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied. ECOA, REO exceptions outstanding. Reviewer Comment (2021-10-05): Client decided to not use income for this property.
 10/05/2021 1 A NJ Second Home Refinance - Cash-out - Other C B C B C A A A Non QM Non QM No
215558625 437221159 22156686 Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account statement Inaccurate RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. The Initial Escrow Account Disclosure Statement reports a monthly escrow of $x,xxx.xx, the CD and escrow documentation indicate the monthly escrow to be $x,xxx.xx. Reviewer Comment (2021-08-12): Form provided. Clear.
 08/12/2021 1 A NJ Second Home Refinance - Cash-out - Other C B C B C A A A Non QM Non QM Yes
215558625 437221159 22156688 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Notice of Settlement Fee. Fee Amount of $xx,xx exceeds tolerance of $x,xx. Sufficient or excess cure was provided to the borrower at Closing. Notice of settlement Fee was last disclosed as $x,xx on LE but disclosed as $xx,xx on Final Closing Disclosure.  File does not contain a valid COC for this fee, and no cure provided at closing. Reviewer Comment (2021-08-05): Sufficient Cure Provided At Closing
 08/05/2021 1 A NJ Second Home Refinance - Cash-out - Other Final CD evidences Cure C B C B C A A A Non QM Non QM Yes
215558625 437221159 22156992 Credit Title General Title Final Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2021-08-12): Update provided. Clear.
 08/12/2021 1 A NJ Second Home Refinance - Cash-out - Other C B C B C A A A Non QM Non QM No
215558625 437221159 22171792 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. ECOA, REO exceptions outstanding. Reviewer Comment (2021-10-05): Client decided to not use income for this property.


Reviewer Comment (2021-10-04): No new documentation received.


Reviewer Comment (2021-09-10): ATR exception will clear when all ATR exceptions are cleared.
 10/05/2021 1 A NJ Second Home Refinance - Cash-out - Other Lender to provide updated ATR/QM status C B C B C A A A Non QM Non QM Yes
215558625 437221159 22171793 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for title - Transaction management. Fee Amount of $xx,xx exceeds tolerance of $x,xx. Sufficient or excess cure was provided to the borrower at Closing. There was no COC or cure provided for the increase in fees. Reviewer Comment (2021-08-06): Sufficient Cure Provided At Closing
 08/06/2021 1 A NJ Second Home Refinance - Cash-out - Other Final CD evidences Cure C B C B C A A A Non QM Non QM Yes
215558625 437221159 22190268 Credit Guideline Guideline Issue Guideline More than X NSFs/Overdraft Transfers occurred in the most recent XX-month period. [redacted] NSFs occurred in the last [redacted] months. Email in the loan file indicates an exception was approved. Loan file missing actual Lender Exception with Compensating Factors. Please provide. The representative FICO score exceeds the guideline minimum by at least xx points.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has owned the subject property for at least x years.

Borrower has been employed in the same industry for more than x years.		 Borrower's FICO is more than [redacted] points above guideline requirements.

Borrower has worked in the same position for more than [redacted] years.

Borrower has sufficient residual income.

Borrower has owned the subject property for at least [redacted] years.

Borrower has been employed in the same industry for more than [redacted] years.		 Originator,Owner

Originator,Owner

Originator,Owner

Originator,Owner

Owner,Originator		 Reviewer Comment (2021-12-06): Lender approved exception.


Seller Comment (2021-12-03): See attached email


Reviewer Comment (2021-11-18): Provide Lender exception email approval from [Redact].


Seller Comment (2021-11-16): exception form


Reviewer Comment (2021-10-07): No new docs received. Please forward as requested earlier.


Reviewer Comment (2021-10-04): Received various emails. Please provide the formal Lender Exceptions with the concurrence by [Redact].


Reviewer Comment (2021-09-10): Please provided the Lender exception with Compensating Factors.
 12/06/2021 2 B NJ Second Home Refinance - Cash-out - Other C B C B C A A A Non QM Non QM No
215558625 437221159 22190858 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided 1008 not provided. Reviewer Comment (2021-08-12): 1008 Provided. Clear.
 08/12/2021 1 A NJ Second Home Refinance - Cash-out - Other C B C B C A A A Non QM Non QM No
215558625 437221159 22191503 Credit Credit Miscellaneous Guideline Credit Exception: Primary residence is being used for rental income, property reports do not reflect that property is a [redacted] property. Need to know where current residence is and additional housing payment or clarification regarding income produced by primary home's property. Reviewer Comment (2021-08-15): Tax evidence showing the borrower's primary as a x unit provided. Clear.
 08/15/2021 1 A NJ Second Home Refinance - Cash-out - Other C B C B C A A A Non QM Non QM No
215558625 437221159 23133300 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. DTI exceeds allowable. Reviewer Comment (2022-03-02): lender exception provided.


Reviewer Comment (2022-03-02): compensating factors provided


Reviewer Comment (2021-12-29): Lender approved exception.


Seller Comment (2021-12-28): You now have DTI exception, 1003, and 1008 uploaded to match calculations. Please clear and thanks for all you guys do for us!


Seller Comment (2021-12-28): 1008 and 1003 with correct matching DTI.


Seller Comment (2021-12-27): We are working on a 1003/1008 it's not an easy fix. Thanks!


Seller Comment (2021-12-27): Exception request and approval.


Reviewer Comment (2021-12-15): Qualifying was based on 75% of the $xx lease for Apt 1 included in the file, which coincides with the final 1003. Exception remains.


Seller Comment (2021-12-12): Remove this waterfall condition DTI is in line when you add back the rental income from primary. That condition is invalid as it is an 18 unit not a SFR. Can use rental income as underwritten originally. [Redact]


Reviewer Comment (2021-11-10): Calculated DTI is [Redact].  Income calculated at $xxx.  Credit debt calculated at $xx.  PITIA for subject property is $xx.xx.  PITIA for primary residence is $xx.xx.  Negative rent on xxx is $xxx.  Negative rent on xxx is $xx.xx.  Provide revised 1008 showing correct DTI of [Redact] and required residual income of $xx.


Seller Comment (2021-11-09): See attached calculation


Reviewer Comment (2021-11-02): Provide Underwriter's breakdown of income/debts used to arrive at DTI of [Redact].  The revised 1008 shows All Other Monthly Payments Used in Qualifying is $xx.  We are unable to determine how this amount was calculated.


Seller Comment (2021-10-29): Rental income should be well documented, is this sufficient?


Reviewer Comment (2021-10-07): We removed the rental income for the homestead property as 2+ units are required for this. Our resulting DTI is xx%. Our bank  statement income matches your 1008. However, total debts do not match as ours is $xxx to the 1008 $xxx. I am not following your debt totals as I do not see a breakdown in file. Please forward a breakdown of debt including the subject property and the 3 other properties, and consumer debt to reconsider.


Seller Comment (2021-10-06): Per our UW the DTI is still below 50 without the rental income. See Attachment.
 03/02/2022 1 A NJ Second Home Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C B C B C A A A Non QM Non QM Yes
215558625 437221159 23133301 Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted] of [redacted] moderately exceeds the guideline maximum of [redacted]. (DTI Exception is eligible to be regraded with compensating factors.) DTI exceeds allowable. Debt total of $xx,xxx,xx with $xx,xxx,xx in income. Reviewer Comment (2021-10-07): [Redact] update.


Reviewer Comment (2021-10-07): We removed the rental income for the homestead property as 2+ units are required for this. Our resulting DTI is xx%. Our bank  statement income matches your 1008. However, total debts do not match as ours is $xxx to the 1008 $xxx. I am not following your debt totals as I do not see a breakdown in file. Please forward a breakdown of debt including the subject property and the 3 other properties, and consumer debt to reconsider.


Seller Comment (2021-10-06): Per our UW the DTI is still below 50 without the rental income. See Attachment.
 10/07/2021 1 A NJ Second Home Refinance - Cash-out - Other C B C B C A A A Non QM Non QM No
215558625 437221159 23133363 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Excessive DTI. The representative FICO score exceeds the guideline minimum by at least xx points.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has owned the subject property for at least x years.

Borrower has been employed in the same industry for more than x years.		 Borrower's FICO is more than [redacted] points above guideline requirements.

Borrower has worked in the same position for more than [redacted] years.

Borrower has sufficient residual income.

Borrower has owned the subject property for at least [redacted] years.

Borrower has been employed in the same industry for more than [redacted] years.		 Originator,Owner

Originator,Owner

Originator,Owner

Originator,Owner

Owner,Originator		 Reviewer Comment (2021-12-29): Lender approved exception.


Seller Comment (2021-12-28): 1003 and 1008 with ratios matching approved exception


Reviewer Comment (2021-12-16): Rental income of $xx (at 75% vacancy rate) for borrower's primary/investment property has been included in the income calculation.  The DTI is [Redact] when rental income is included.  This DTI exceeds the guideline of [Redact]%.


Seller Comment (2021-12-08): The rental income should not have been removed- the primary is a 18 unit building. Will you please recalculate the DTI with the rental income?


Reviewer Comment (2021-12-07): Seller Provided evidence that the property was >2 units and therefore the rental income of $4,000 was added into the calculations.  Adjusted DTI is now 53.74886 which is still greater than the [Redact] DTI threshold.  Exception Remains.


Reviewer Comment (2021-12-07): Exception Explanation Updated from: Calculated investor qualifying total debt ratio of [Redact] exceeds Guideline total debt ratio of [Redact].


Seller Comment (2021-12-06): Please allow the rental income for primary residence as it is an 18 unit property not an SFR so rental income is usable. DTI is in line per guidelines.


Reviewer Comment (2021-11-17): The total DTI is [Redact] calculated using the following information:  remaining credit debt after payoffs at closing is $xx, subject PITIA is $xx.xx, PITIA for primary residence is $xx.xx and negative rent is $xx.xx for total debt in the amount of $xxx.  Borrower's income was calculated at $xxx ($xxx / $xxx = [Redact]).


Seller Comment (2021-11-15): One payoff was adjusted (xxx balance decreased) and another payoff was added (xxx) at the time of closing.


Reviewer Comment (2021-10-07): We removed the rental income for the homestead property as 2+ units are required for this. Our resulting DTI is xx%. Our bank  statement income matches your 1008. However, total debts do not match as ours is $xxx to the 1008 $xxx. I am not following your debt totals as I do not see a breakdown in file. Please forward a breakdown of debt including the subject property and the 3 other properties, and consumer debt to reconsider.


Seller Comment (2021-10-06): Per our UW the DTI is still below 50 without the rental income. See Attachment.
 12/29/2021 2 B NJ Second Home Refinance - Cash-out - Other C B C B C A A A Non QM Non QM No
215558625 437221159 23162032 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. We removed the rental income for the homestead property as [redacted] units are required for this. Our resulting DTI is [redacted]. Our bank statement income matches your 1008. However, total debts do not match as ours is $xx,xxx,xx to the 1008 $xx,xxx,xx. I am not following your debt totals as I do not see a breakdown in file. Please forward a breakdown of debt including the subject property and the [redacted] other properties, and consumer debt to reconsider. Reviewer Comment (2021-12-29): Client provided Lender Exception for DTI.


Reviewer Comment (2021-12-15): Provide the documentation the UW used to calculate the income for the 18 unit property. the final 1003 states $xx monthly rent for the primary residence.


Seller Comment (2021-12-08): The rental income should not have been removed- the primary is a 18 unit building. Will you please recalculate the DTI with the rental income?
 12/29/2021 1 A NJ Second Home Refinance - Cash-out - Other C B C B C A A A Non QM Non QM No
215723468 437221126 22509874 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided Reviewer Comment (2021-11-09): 1008 received. Exception cleared.


Reviewer Comment (2021-10-01): Please forward the 1008.
 11/09/2021 1 A CA Primary Purchase C B C A C B A A Non QM Non QM No
215723468 437221126 22509879 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided Reviewer Comment (2021-11-09): Conditional Approval signed by UW received. Exception cleared.


Reviewer Comment (2021-10-01): Please forward the 1008 OR the Approval which includes the doc type, loan program, terms of the loan and conditions.
 11/09/2021 1 A CA Primary Purchase C B C A C B A A Non QM Non QM No
215723468 437221126 22510894 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Loan Designation no longer matches due to missing asset documentation. Reviewer Comment (2022-03-03): Loan is Non-QM.


Reviewer Comment (2022-03-02): comp factors provided


Reviewer Comment (2021-12-06): Lender approved exception


Seller Comment (2021-12-02): Please see attached lender approval..


Reviewer Comment (2021-12-02): Provide Lender Approval email for the Exception to allow market rents to be used on departure residence with no lease in place.


Seller Comment (2021-11-30): Exception


Reviewer Comment (2021-11-23): A Comparable Rent Schedule cannot be used to calculate rental income on the Departure Residence.  Per guidelines, a properly executed least agreement of at lease one year's duration after close is required. Evidence of the security deposit and/or evidence the first month's rent was paid to the homeowner must also be provided.


Seller Comment (2021-11-18): reponse
 03/03/2022 1 A CA Primary Purchase Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM Yes
215723468 437221126 22510901 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [redacted] of xx,xxx.xx on Final Closing Disclosure provided on xx/xx/xxxx not accurate. There is a discrepancy in the amount of HOA dues. Reviewer Comment (2021-10-26): Client provided copy of PCCD and LOX to borrower.


Reviewer Comment (2021-10-22): The LOX to borrower states PCCD is because of a Correction of Amount of Estimate Property Costs over Year 1 on Page 4 of the CD.  Provide a breakdown of how Estimated Taxes, Insurance & Assessments of $xxx on page 1 of the PCCD was calculated.  Also provide supporting documents for the HOA dues.  There are two appraisals in file.  One shows HOA dues of $xxx per year and the other shows $xxx per year.


Seller Comment (2021-10-21): LOX, PCCD, proof sent to borrower, HOA dues clarification


Reviewer Comment (2021-10-01): Please provided a breakdown for the taxes, insurance and HOA fees  and supporting documentation for the qualifying PITIA. Note that the HOA fees on the 2, 1004's reflect a discrepancy.
 10/26/2021 2 B CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
215723468 437221126 22511044 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Expense ratio letter from CPA is missing and Secretary of State printout reflects the business status as Suspended. Please provide evidence the business is open and active, in good standing. Reviewer Comment (2021-12-06): Client provided Business Entity Listing showing business is active.


Seller Comment (2021-12-02): Please see attached lox.


Seller Comment (2021-12-02): Please see attached showing business as active.


Reviewer Comment (2021-12-02): The document uploaded is for xxx.  The borrower's business name, as shown on the 1003 and business bank statements, is xxx.  Provide evidence that xxx, is active and in good standing.


Seller Comment (2021-11-30): Bizapedia


Reviewer Comment (2021-11-23): The Business Search - Entity Detail shows the status of the borrower's business as Suspended.  We need documentation showing the business is currently active and in good standing.


Seller Comment (2021-11-18): income


Reviewer Comment (2021-10-01): The Third Party SOS D147 reports the borrower's business at [Redact] is suspended. Please provided documented clarification per CPA Letter or equivalent source. Also, please provide the expense ration per CPA Letter or equivalent source.
 12/06/2021 1 A CA Primary Purchase C B C A C B A A Non QM Non QM No
215723468 437221126 22549869 Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted] of [redacted] moderately exceeds the guideline maximum of [redacted]. (DTI Exception is eligible to be regraded with compensating factors.) Unable to determine reason for difference in Lender and Review DTI as there is no 1008 or Approval in file. Rental income used at origination is unable to be verified. Reviewer Comment (2021-11-23): Exception was reset; DIT variance is [Redact].


Reviewer Comment (2021-11-23): A Comparable Rent Schedule cannot be used to calculate rental income on the Departure Residence.  Per guidelines, a properly executed least agreement of at lease one year's duration after close is required. Evidence of the security deposit and/or evidence the first month's rent was paid to the homeowner must also be provided.


Seller Comment (2021-11-18): appraisal


Seller Comment (2021-11-18): rents


Reviewer Comment (2021-10-01): Per provide rental income documentation per guideline requirements for the retain property at xxx.
 11/23/2021 1 A CA Primary Purchase C B C A C B A A Non QM Non QM No
215723468 437221126 22549925 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Unable to determine difference in DTI calculations as 1008 is missing from the loan file. Please provide all income and residual income worksheets. Reviewer Comment (2021-12-06): Lender Exception approved to use market rents for departure residence.


Seller Comment (2021-12-05): Please see attached Exception request and lender approval email


Seller Comment (2021-12-03): Please see attached exception.


Reviewer Comment (2021-11-23): A Comparable Rent Schedule cannot be used to calculate rental income on the Departure Residence.  Per guidelines, a properly executed least agreement of at lease one year's duration after close is required. Evidence of the security deposit and/or evidence the first month's rent was paid to the homeowner must also be provided.


Seller Comment (2021-11-18): 1008


Reviewer Comment (2021-11-09): 1008 received, however residual income worksheet was not. Exception remains open.


Reviewer Comment (2021-10-01): Please provide the 1008 and Residual Income Worksheet.
 12/06/2021 1 A CA Primary Purchase C B C A C B A A Non QM Non QM No
215723468 437221126 22549960 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. ATR failure due to excessive DTI. Reviewer Comment (2021-12-06): Received approved Lender Exception to use market rents for departure residence to be used as investment property.


Seller Comment (2021-12-03): Please see attached exception.


Reviewer Comment (2021-12-02): Provide Lender Approval email for the Exception to allow market rents to be used on departure residence with no lease in place.


Seller Comment (2021-11-30): Exception


Reviewer Comment (2021-10-01): This ATR exception will clear once all ATR exceptions are Cleared
 12/06/2021 1 A CA Primary Purchase C B C A C B A A Non QM Non QM No
215723468 437221126 23035773 Credit Credit Miscellaneous Guideline Credit Exception: Please provide a copy of the Note for the cash out refinance which provided funds to close. Reviewer Comment (2021-10-01): GL met.
 10/01/2021 1 A CA Primary Purchase C B C A C B A A Non QM Non QM No
215723468 437221126 23871749 Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted].[redacted] of[redacted] significantly exceeds the guideline maximum of [redacted]. (DTI Exception requires compelling compensating factors to consider regrading to [redacted].) A Comparable Rent Schedule cannot be used to calculate rental income on the Departure Residence. Per guidelines, a properly executed lease agreement of a least [redacted] year's duration after close is required. Evidence of the security deposit and/or evidence the first month's rent was paid to the homeowner must also be provided. Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.		 Borrower has been in the same position for more than [redacted] years.

Borrower has sufficient residual income/

Borrower employed in same industry for more than [redacted] years.

Borrower made required down payment from their own funds.		 Originator,Owner

Originator,Owner

Originator,Owner

Owner,Originator		 Reviewer Comment (2021-12-06): Lender approved exception


Seller Comment (2021-12-03): Please see attached exception.


Reviewer Comment (2021-12-02): Provide Lender Approval email for the Exception to allow market rents to be used on departure residence with no lease in place.


Seller Comment (2021-11-30): Exception
 12/06/2021 2 B CA Primary Purchase C B C A C B A A Non QM Non QM No
215723525 437220914 22503236 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Verification appraisal was delivered to borrower was not provided. Reviewer Comment (2021-09-02): Proof of receipt provided.
 09/02/2021 1 A CA Primary Refinance - Cash-out - Other C B A B C B A A Non QM Non QM No
215723525 437220914 22503237 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted] +[redacted], or [redacted]. Non-Compliant Higher Priced Mortgage Loan. Reviewer Comment (2021-09-02): Grade change.


Reviewer Comment (2021-09-02): If applicable, please provide Discount Point Fee Disclosure or Compliance Report that reflects Bona Fide Discount Points.
 09/02/2021 1 A CA Primary Refinance - Cash-out - Other C B A B C B A A Non QM Non QM No
215723525 437220914 22503238 Compliance Compliance Federal Compliance Federal HPML TIL Higher Priced Mortgage Loan Safe Harbor Test TILA HPML appraisal Rule (Dodd-Frank [redacted]): Safe Harbor requirements not satisfied. Reviewer Comment (2021-10-05): Updated.


Seller Comment (2021-10-01): See attached Compliance
 10/05/2021 1 A CA Primary Refinance - Cash-out - Other C B A B C B A A Non QM Non QM No
215723525 437220914 22503239 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Verification appraisal was delivered to borrower was not provided. Reviewer Comment (2021-09-02): Proof of receipt provided.


Seller Comment (2021-09-01): Appraisal delivery tracking confirming the appraisal was delivered more than 3 days prior to consummation
the loan closed on 5/11
 09/02/2021 1 A CA Primary Refinance - Cash-out - Other C B A B C B A A Non QM Non QM No
215723525 437220914 22503247 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). Finance Charge disclosed is [redacted]. Calculated finance charge is [redacted] Variance of [redacted] Based on review of Lender's compliance report, XXXX fee was not included in finance charge calculation. TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable Reviewer Comment (2022-02-09): [Redact] received PCCD, LOE, copy of refund check, and proof of delivery, reopening of RTC; exception is cured.


Seller Comment (2022-02-08): Updated NORTC's executed by the borrower


Reviewer Comment (2021-11-12): dure documents were received on 9/15, however this is a material exception and an RTC must be re-issued and proof of delivery of RTC is required for testing.


Seller Comment (2021-11-10): Compliance Ease Report confirming the borrower was not charged any discount points.
Rate lock confirming the loan was not locked with any discount points


Reviewer Comment (2021-09-28): Please provide the Compliance Report, Itemization of Fees, Rate Lock Sheet showing Discount Point information and the Discount Point Disclosure,


Seller Comment (2021-09-17): Letter to borrower regarding the lender cure for the $95 handling/delivery fee that was not properly disclosed which resulted in an incorrect finance charge
Copy of refund check
PCCD
Notice of Right to Cancel since rescission was reopened due to error in the handling/delivery fee and the finance charge
UPS label confirming all of the above documents were shipped to the borrower
UPS label for the borrower to sign the new Notice of Right to Cancel and ship back to [Redact]
 02/09/2022 2 B CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B A B C B A A Non QM Non QM Yes
215723525 437220914 22503248 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Service Charges. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. Handeling Delivery Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2021-10-11): [Redact] Received PCCD, LOE, Copy of check and delivery report for the cure provided.


Seller Comment (2021-10-08): PCCD with verbiage regarding the lender credit tolerance cure in Section J


Reviewer Comment (2021-10-05): [Redact] received PCCD dated [Redact] reflecting lender credits of -$749.50, however, lender credits in Section J of the PCCD does not reflect any portion as a tolerance cure amount on the left indicating a portion is for amount over legal limit for fee tolerance cure. If a portion of the lump sum lender credit were for fee tolerance cures, please provide PCCD reflecting amount/portion of the credit in Section J is for tolerance cures in the left column as "(includes $___ credit for increase in Closing Costs above legal limit)"


Seller Comment (2021-09-30): PCCD with the $95 included in the lender credit in Section J
Final CD from xx/xx/xxxx confirming the lender credit in Section J was $95 less


Reviewer Comment (2021-09-20): [Redact] received PCCD, LOE. Copy of refund check an. Mailing label. 1. However lender cure of $95 given is not reflected in PCCD under section J in page 2. Please provide corrected PCCD with lender credit reflecting in PCCD under section J in page 2 and Certified Final Settlement statement.


Seller Comment (2021-09-17): Letter to borrower regarding the lender cure for the $95 handling/delivery fee that was not properly disclosed which resulted in an incorrect finance charge
Copy of refund check
PCCD
Notice of Right to Cancel since rescission was reopened due to error in the handling/delivery fee and the finance charge
UPS label confirming all of the above documents were shipped to the borrower
UPS label for the borrower to sign the new Notice of Right to Cancel and ship back to [Redact]
 10/11/2021 2 B CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A B C B A A Non QM Non QM Yes
215723525 437220914 23033639 Credit Credit Miscellaneous Guideline Credit Exception: Borrower has been self employed less than [redacted] years. Please provide evidence of prior self employment. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted].

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months.

Borrower has verified disposable income of at least [redacted].

Borrower has been employed in the same industry for more than [redacted] years.		 Originator,Owner

Originator,Owner

Originator,Owner

Owner,Originator		 Reviewer Comment (2022-01-12): Lender approved exception to allow use of CPA letter with regards to self-employment for >2 years without additional commentary on business name/type.


Seller Comment (2022-01-10): Exception approval waiving the requirement for the CPA to confirm the borrower has been in the same line of work


Reviewer Comment (2021-11-16): Documentation in the file shows [Redact] years employment with xxxx.  The guideline requirement is that applicants must generally have a two year history in their line of work.  The CPA Letter provided states borrower has been self-employed for five years but it does not specifically state borrower has been in the same line of work during that time.  Provide documentation showing borrower has been in the same line of work for at least two years.


Seller Comment (2021-11-12): CPA letter confirming the borrower has been self-employed for 5 years
Verification of the CPA/Tax Preparer's license


Reviewer Comment (2021-10-05): Self employment for Bank Statement doc type verified for 1.59 years. Please update the 1003 and provide the prior employment source in same line of work, and associated documentation.
 01/12/2022 2 B CA Primary Refinance - Cash-out - Other C B A B C B A A Non QM Non QM No
215739382 437221623 22717763 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [redacted] of $xx,xxx.xx on Final Closing Disclosure provided on xx/xx/xxxx not accurate. The monthly Hazard insurance payment is [redacted] + Taxes monthly [redacted] =[redacted] *[redacted] =[redacted] a variance of [redacted] Reviewer Comment (2021-09-17): Client provided copy of PCCD and LOX


Seller Comment (2021-09-13): Attached Noto PCCD.
 09/17/2021 2 B CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
215739382 437221623 22719525 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided The Approval is not in imaging Reviewer Comment (2021-09-10): 1008 in file, UW Worksheet reports the Loan Program as [Redact].
 09/10/2021 1 A CA Primary Refinance - Cash-out - Other C B C B C B A A Non QM Non QM No
215739382 437221623 22723790 Credit Credit Miscellaneous Guideline Credit Exception: Guidelines require the most recent [redacted] months of statements for any account that will be utilized for asset qualification; only [redacted] months statements were provided for each asset account used for asset qualification. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has owned the subject property for at least x years.

The representative FICO score exceeds the guideline minimum by at least xx points.		 Loan to Value: [redacted]
Guideline Maximum Loan to Value: [redacted]

Documentation Type: [redacted]
Disposable Income: $xx,xxx,xx

Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]		 Originator,Owner

Originator,Owner

Owner

Owner,Originator		 Reviewer Comment (2022-01-25): Lender Exception Approval to accept [Redact]' asset statements for xxx Program rather than [Redact]' called for in guidelines.


Seller Comment (2022-01-20): Please see xxx Exception Approval


Reviewer Comment (2022-01-13): We are in receipt of the Exception Request Form; however, the email approval document was not included.  Provide email approval.


Seller Comment (2022-01-11): Exception Request


Reviewer Comment (2021-11-22): The Exception will be reviewed when submitted.


Seller Comment (2021-11-18): [Redact] is currently working on obtaining an exception from xxx for the missing asset statements. xxx would like confirmation of how xxxx would grade this loan, should the exception be granted. Currently graded a 3. Would the exception allow it to be upgraded to a 2?


Reviewer Comment (2021-10-05): No new documents received. Please provide 6 full months bank statements as income for the xxx program.


Reviewer Comment (2021-09-10): No new bank statements were received. Assets used for xxx from xxxx (4 accounts) [Redact], [Redact], [Redact] and [Redact] and [Redact] months verified for all from x/x/xx toxx/xx/xx. Please provided [Redact] additional months for all [Redact] accounts. We need 6 months total to be verified for each account.


Seller Comment (2021-09-07): xxx Statements are attached
 01/25/2022 2 B CA Primary Refinance - Cash-out - Other C B C B C B A A Non QM Non QM No
215739382 437221623 22734814 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Please provide Residual Income Worksheet. Reviewer Comment (2021-10-05): Received.


Seller Comment (2021-10-01): See attached Residual


Seller Comment (2021-10-01): See attached Residual.


Reviewer Comment (2021-09-22): Received assets qualifier worksheet document already included in the file, Please provide Residual Income Worksheet, Exception remains.


Seller Comment (2021-09-13): Attached The residual Income Cal.


Reviewer Comment (2021-09-10): Please provided the Residual Income Worksheet.
 10/05/2021 1 A CA Primary Refinance - Cash-out - Other C B C B C B A A Non QM Non QM No
215880798 437221181 22881917 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Closing Protection Letter not provided Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.

The representative FICO score exceeds the guideline minimum by at least xx points.		 Borrower has made down payment from their own funds of more than [redacted].

Borrower's reserves exceed guideline requirements.

Borrower has been in the same business for [redacted] years.

Borrower's residual income is higher than guideline requirements.

Borrower has [redacted] years in the same business.

FICO more than [redacted] points higher the guideline requirement.		 Originator,Owner

Originator,Owner

Originator,Owner

Originator,Owner

Originator,Owner

Owner,Originator		 Reviewer Comment (2021-11-23): Lender approved exception.


Reviewer Comment (2021-09-23): Client provided Agent Authorization Letter stating xxx is a dully authorized agent of xxx.


Seller Comment (2021-09-21): Please see attached Agency Authorization Letter


Reviewer Comment (2021-09-20): Please forward an appropriate agent authorization letter, confined to the title insurer's liability as principal for the acts of its agent, within the scope of that agent's authority on the title insurer's behalf.


Seller Comment (2021-09-17): Title has advised that the xxx does not have Closing Protection Letters. Please note this property is located in xxx. Please waive this condition.
 09/23/2021 1 A NY Primary Purchase C B C B C A A A Non QM Non QM No
215880798 437221181 22881921 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Reviewer Comment (2021-10-05): Client provided Catastrophic Disaster Area Property Inspection Report dated xx/xx/xx stating property did not suffer damage from xxx.


Seller Comment (2021-09-28): Attached 1004D.


Reviewer Comment (2021-09-27): Do not see any appraisal or inspection documents provided.


Seller Comment (2021-09-21): Please see attached 1004D


Reviewer Comment (2021-09-20): Please forward a Post Disaster Inspection Report.
 10/05/2021 1 A NY Primary Purchase C B C B C A A A Non QM Non QM No
215880798 437221181 22934758 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. ATR failure due to DTI. Reviewer Comment (2022-03-02): Lender exception provided.


Reviewer Comment (2022-03-02): comp factors


Reviewer Comment (2021-11-23): Lender approved exception.


Seller Comment (2021-11-18): Please see attached Exception Approval Email.


Reviewer Comment (2021-11-17): We are in receipt of the Lender Exception Form; however, the email approval from the lender is missing.  Provide approval email from the lender.


Seller Comment (2021-11-15): Please see attached Exception Request Form.


Reviewer Comment (2021-11-01): The DTI variance is attributed primarily to the difference in the bank statement income calculation.  The 1008 shows a total income amount of $xxx (includes bank statement income and social security income of $xx).  The calculated income is $xxx and includes $xx.xx for SS and bank statement income of $xxx.  There is a $xxx deposit on the xx/xx/xx bank statement that was not subtracted from the deposit total.  The calculated tax reserves should be $xx.xx as shown on all the tax documents in the file.  Provide a revised 1008 showing the correct income of $xxx, DTI of [Redact] and tax reserve amount of $xx.xx.


Seller Comment (2021-10-28): The only documentation confirming the property taxes that are in file that were reviewed as an underwriter and what the final approval was based on is the attached Tax Cert provided by the Title company. Our UW has not seen the other document reference by the [Redact]. The taxes that were verified by UW at the time of CTC are as follows and accurate as of closing - the figures are accurate as of [Redact] closing as the [Redact]-[Redact] tax year was still OPEN and active. The figures referenced by the [Redact]are for [Redact] and would not have been due at closing. Please clear this condition.


Reviewer Comment (2021-10-20): Lender's updated 1008 is not reflecting all taxes required on the property.


Reviewer Comment (2021-10-20): Documentation received. Clear.


Reviewer Comment (2021-09-27): Guidelines state either 3 months of bank statements be provided reflecting the deposit or an award letter.  Audit review reveals this was not completed prior to closing. ATR requires creditor to make reasonable and good faith determination at or before consummation that the consumer will have a reasonable ability to repay the loan according to its terms.


Seller Comment (2021-09-21): The provided award letter clearly states that the income was as of [Redact] [Redact] - regardless of the date it was issued. It confirms what the borrower had been receiving for the past 8 months at the time of closing. The asset statement only further confirms what the Award Letter already stated. Please waive or clear this condition.


Reviewer Comment (2021-09-20): Will clear once all ATR exceptions are cleared.


Seller Comment (2021-09-17): Income input was incorrect - Representing the borrower's SS Award. Please see the attached Updated 1003 and 1008.
 03/02/2022 1 A NY Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C B C A A A Non QM Non QM Yes
215880798 437221181 22934759 Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted] of [redacted] moderately exceeds the guideline maximum of [redacted]. (DTI Exception is eligible to be regraded with compensating factors.) ATR failure due to DTI. DTI in excess of guideline due to missing income evidence for additional [redacted] in monthly income used on 1003 and 1008 but not identified as to the source. Provide evidence and source of that income. Reviewer Comment (2021-11-01): Client has provided income documentation for Social Security and Bank Statement Income.


Seller Comment (2021-10-28): The only documentation confirming the property taxes that are in file that were reviewed as an underwriter and what the final approval was based on is the attached Tax Cert provided by the Title company. Our UW has not seen the other document reference by the xxxx. The taxes that were verified by UW at the time of CTC are as follows and accurate as of closing - the figures are accurate as of [Redact] closing as the [Redact]-[Redact] tax year was still OPEN and active. The figures referenced by the xxxx are for [Redact] and would not have been due at closing. Please clear this condition.


Reviewer Comment (2021-10-20): Lender's updated 1008 is not reflecting all taxes required on the property.


Reviewer Comment (2021-10-20): Award letter provided.


Reviewer Comment (2021-09-27): Guidelines state either 3 months of bank statements be provided reflecting the deposit or an award letter.  Audit review reveals this was not completed prior to closing. ATR requires creditor to make reasonable and good faith determination at or before consummation that the consumer will have a reasonable ability to repay the loan according to its terms.


Reviewer Comment (2021-09-20): Social Security income partially documented.


Seller Comment (2021-09-17): Income input was incorrect - Representing the borrower's SS Award. Please see the attached Updated 1003 and 1008.
 11/01/2021 1 A NY Primary Purchase C B C B C A A A Non QM Non QM No
215880798 437221181 22934764 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. DTI in excess of guideline due to missing income evidence for additional [redacted] in monthly income used on 1003 and 1008 but not identified as to the source. Provide evidence and source of that income. Reviewer Comment (2021-10-20): New Exception set with smaller DTI overage.


Reviewer Comment (2021-10-20): Lender's updated 1008 is not reflecting all taxes required on the property.


Reviewer Comment (2021-10-20): Award letter provided.


Reviewer Comment (2021-09-27): Guidelines state either 3 months of bank statements be provided reflecting the deposit or an award letter.  Audit review reveals this was not completed prior to closing.


Seller Comment (2021-09-21): The provided award letter clearly states that the income was as of xxx xxxx - regardless of the date it was issued. It confirms what the borrower had been receiving for the past 8 months at the time of closing. The asset statement only further confirms what the Award Letter already stated. Please waive or clear this condition.


Reviewer Comment (2021-09-20): The Social Security Awards Letter was received, b ut was dated post close and does not meet guideline requirements. 2 months of bank statements acct [Redact] provided, but 3 months are required per guidelines to verify social security income. Please forward a Social Security Award Letter dated at or before close, OR the 3rd month bank statement verifying the auto deposit of social security income.


Seller Comment (2021-09-17): Income input was incorrect - Representing the borrower's SS Award. Please see the attached Updated 1003 and 1008.
 10/20/2021 1 A NY Primary Purchase C B C B C A A A Non QM Non QM No
215880798 437221181 22934773 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. ATR failure due to DTI. DTI in excess of guideline due to missing income evidence for additional [redacted] in monthly income used on 1003 and 1008 but not identified as to the source. Provide evidence and source of that income. Reviewer Comment (2022-03-02): lender exception provided


Reviewer Comment (2022-03-02): comp factors


Reviewer Comment (2021-11-23): Lender approved exception.


Seller Comment (2021-11-18): Please see attached Exception Approval Email.


Reviewer Comment (2021-11-17): We are in receipt of the Lender Exception Form; however, the email approval from the lender is missing.  Provide approval email from the lender.


Seller Comment (2021-11-15): Please see attached Exception Request Form.


Reviewer Comment (2021-11-01): The DTI variance is attributed primarily to the difference in the bank statement income calculation.  The 1008 shows a total income amount of $xxx (includes bank statement income and social security income of $xx.xx).  The calculated income is $xxx and includes $xx.xx for SS and bank statement income of $xxx.  There is a $xxx deposit on the xx/xx/xx bank statement that was not subtracted from the deposit total.  The calculated tax reserves should be $xx.xx as shown on all the tax documents in the file.  Provide a revised 1008 showing the correct income of $xxx, DTI of [Redact] and tax reserve amount of $xx.xx.


Seller Comment (2021-10-28): The only documentation confirming the property taxes that are in file that were reviewed as an underwriter and what the final approval was based on is the attached Tax Cert provided by the Title company. Our UW has not seen the other document reference by the xxxx. The taxes that were verified by UW at the time of CTC are as follows and accurate as of closing - the figures are accurate as of [Redact] closing as the [Redact]-[Redact] tax year was still OPEN and active. The figures referenced by the xxxx are for [Redact] and would not have been due at closing. Please clear this condition.


Reviewer Comment (2021-10-20): Post close award letter cannot be used, also looks like lender 1008 is not reflecting all taxes required on the property.


Reviewer Comment (2021-10-20): Documentation received. Clear.


Reviewer Comment (2021-09-27): Guidelines state either 3 months of bank statements be provided reflecting the deposit or an award letter.  Audit review reveals this was not completed prior to closing. ATR requires creditor to make reasonable and good faith determination at or before consummation that the consumer will have a reasonable ability to repay the loan according to its terms.


Seller Comment (2021-09-21): The provided award letter clearly states that the income was as of xxx xxxx - regardless of the date it was issued. It confirms what the borrower had been receiving for the past 8 months at the time of closing. The asset statement only further confirms what the Award Letter already stated. Please waive or clear this condition.


Reviewer Comment (2021-09-20): The Social Security Awards Letter was received, but was dated post close and does not meet guideline requirements. 2 months of bank statements acct [Redact] provided, but 3 months are required per guidelines to verify social security income. Please forward a Social Security Award Letter dated at or before close, OR the 3rd month bank statement verifying the auto deposit of social security income.


Seller Comment (2021-09-17): Income input was incorrect - Representing the borrower's SS Award. Please see the attached Updated 1003 and 1008.
 03/02/2022 1 A NY Primary Purchase C B C B C A A A Non QM Non QM No
215880798 437221181 23266349 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Due to difference in property tax calculations. Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.

The representative FICO score exceeds the guideline minimum by at least xx points.		 Borrower has made down payment from their own funds of more than [redacted].

Borrower's reserves exceed guideline requirements.

Borrower has been in the same business for [redacted] years.

Borrower's residual income is higher than guideline requirements.

Borrower has [redacted] years in the same business.

FICO more than [redacted] points higher the guideline requirement.		 Originator,Owner

Originator,Owner

Originator,Owner

Originator,Owner

Originator,Owner

Owner,Originator		 Reviewer Comment (2021-11-23): Lender approved exception.


Seller Comment (2021-11-18): Please see attached Exception Approval Email.


Reviewer Comment (2021-11-17): We are in receipt of the Lender Exception Form; however, the email approval from the lender is missing.  Provide approval email from the lender.


Seller Comment (2021-11-15): Please see attached Exception Request Form.


Reviewer Comment (2021-11-01): The DTI variance is attributed primarily to the difference in the bank statement income calculation.  The 1008 shows a total income amount of $xxx (includes bank statement income and social security income of $xx).  The calculated income is $xxx and includes $xx.xx for SS and bank statement income of $xxx.  There is a $xxx deposit on the xx/xx/xx bank statement that was not subtracted from the deposit total.  The calculated tax reserves should be $xx.xx as shown on all the tax documents in the file.  Provide a revised 1008 showing the correct income of $xxx, DTI of [Redact] and tax reserve amount of $xx.xx.


Seller Comment (2021-10-28): The only documentation confirming the property taxes that are in file that were reviewed as an underwriter and what the final approval was based on is the attached Tax Cert provided by the Title company. Our UW has not seen the other document reference by the xxxx. The taxes that were verified by UW at the time of CTC are as follows and accurate as of closing - the figures are accurate as of [Redact] closing as the [Redact]-[Redact] tax year was still OPEN and active. The figures referenced by the xxxx are for [Redact] and would not have been due at closing. Please clear this condition.
 11/23/2021 2 B NY Primary Purchase C B C B C A A A Non QM Non QM No
216055338 437220382 23568651 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. Final CD is the only CD in the file. Please provide all CDs, with delivery dated. Reviewer Comment (2021-11-23): [Redact] received xx/xx CD.


Seller Comment (2021-11-22): CD issued on xx/xx and xx/xx uploaded.
 11/23/2021 1 A CA Primary Refinance - Rate/Term No Defined Cure C A C A C A A A Non QM Non QM No
216055338 437220382 23609433 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Origination did not include [redacted] auto payment in the DTI. Addition on debt increased the DTI over [redacted], which was used on the 1008. Reviewer Comment (2022-02-15): Received [Redact] worksheet, 1008 and 1003.  Exception is cleared.


Seller Comment (2022-02-10): [Redact] worksheet and revised 1003/1008.


Reviewer Comment (2022-02-09): Provide the [Redact] Worksheet; it was not found in the file.


Seller Comment (2022-02-04): Per my email conversation with [Redact], [Redact] post-closing will be allowed provided the assets used were received prior to closing.  Please discuss with her and re-review.


Reviewer Comment (2022-01-25): [Redact] submitted post close is not allowed.  The exception for excess DTI stands.


Seller Comment (2022-01-18): Updated 1003/1008 to reflect [Redact] provided.


Reviewer Comment (2022-01-05): No documentation found in file reflects passive utilization used. Final 1003 does not reflect other income.  New 1003s provided with additional income (though a description not given), post close additions cannot be used.


Reviewer Comment (2022-01-04): The revised 1008 shows total borrower income in the amount of $[Redact].  This amount does not equal the income entered on each line for the borrower, co-borrower and net rental income.  The correct amount would be $[Redact] which results in DTI of [Redact].  The revised 1003 for [Redact] now shows Other Income of $2,683.63.  There is reference to a [Redact] Worksheet but this document was not found.  [Redact] submitted post close is not allowed.  The exception for excess DTI stands.


Seller Comment (2022-01-03): Revised 1003, revised 1008 and Access [Redact] Worksheet uploaded.


Reviewer Comment (2021-12-17): Bonus income does not qualify. This issue remains open. Note: Uploaded was only the 1003's for each borrower, missing are the updated income worksheet and 1008. A new employer signing bonus does not meet the expectation of being received for the first 3 years of the loan. Lender's revision is taking the YTD [Redact] bonus income of $xxxx from current employment plus [Redact] Bonus income from prior emploment, $xxxx, and using a 12 month average of $[Redact] mo.
1.),Income that terminates within the forst 3 years of the loan is not permitted. The bonus from the new employer is a signing bonus.
2.) History does not support this bonus level. Prior employment [Redact] average was $xxxx and [Redact] average was $xxxx. 1st 5 months [Redact] prior employment was $xxxx.


Seller Comment (2021-12-10): UW has updated the income calculation and added into the calculation the borrower's bonus for 12 months which is allowable.  Revised 1008, Income worksheet and updated 1003 have all been uploaded.


Reviewer Comment (2021-12-01): Revised 1008 shows DTI of [Redact].  The calculated DTI is [Redact].  Credit debt is $xxxx; PITIA on subject is $xxxx for total debts of $xxxx.  Total income is calculated at $xxxx.


Seller Comment (2021-11-30): 1008 Reflecting [Redact] Included in DTI.


Reviewer Comment (2021-11-23): CD does not reflect the liability being paid off.  The 1008's other monthly payments used in qualifying is less than the [Redact] payment.


Seller Comment (2021-11-22): CD issued on xx/xx and xx/xx uploaded.


Seller Comment (2021-11-22): The [Redact] payment is on the co-borrower's information =1003 and was included in the file when UW CTC'D the file, along with the ATR that matches our DTI of [Redact].


Reviewer Comment (2021-11-12): The Ability-to-Repay Worksheet designates the [Redact] Financial Services payment of $1,718 be excluded from qualifying. Documentation supporting exclusion of the debt from qualifying is not included in the file. Exception remains open.
 02/15/2022 1 A CA Primary Refinance - Rate/Term C A C A C A A A Non QM Non QM No
216095153 437221133 23198596 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Reviewer Comment (2021-11-16): Client provided Post Disaster Inspection Report and photos dated xx/xx/xx,  Property did not suffer damage from remnants of [Redact].


Reviewer Comment (2021-11-05): xxxx is ordering post disaster inspections at the request of the client.


Reviewer Comment (2021-10-20): The photos provided were not date/time stamped.  The Lender Certification & Property Inspection did not have the original appraisal information completed.  Provide photos that are date/time stamped.  We are awaiting a decision on the use of the Lender Certification and Property Inspection documents.
 11/16/2021 1 A NY Primary Purchase C B C A C B A A Non QM Non QM No
216095153 437221133 23225997 Compliance Compliance Federal Compliance TILA Federal Loan Originator Compensation - Individual LO Not NMLS Licensed at Time of Application Truth in Lending Act (NMLSR Dodd- Frank [redacted]): Individual Loan Originator not NMLS licensed or registered at time of application. Reviewer Comment (2022-03-03): Regraded to EV2-B based on LOX stating LO did not sign until [Redact] - one day after LO became licensed.


Reviewer Comment (2022-03-02): comp factors provided.


Reviewer Comment (2021-12-07): Lender approved exception.


Seller Comment (2021-12-05): Please see attached lender approval email.


Seller Comment (2021-12-03): Please see attached exception request and approval email.


Reviewer Comment (2021-12-02): Provide Lender Approval email fromxxx.  It was not included in the upload of the Lender Approval form.


Seller Comment (2021-11-30): Please see attached exception request.


Reviewer Comment (2021-11-02): The LO on the initial 1003 is shown as xxx but is signed by xxx on xx/xx/xx. The final 1003 shows the LO is xxx. The NMLS Consumer Access website shows the status for xxx is Temporary Authority/Status Date xx/xx/xx which is after the initial 1003 date. xxx was not in approved status at the time of the Initial 1003.


Reviewer Comment (2021-11-02): Researching


Seller Comment (2021-10-28): Please see attached LO NMLS Confirmation Page. This shows the LO was/is licensed to conduct business in the state of [Redact].


Reviewer Comment (2021-10-22): The NMLS documentation received only shows xxx with a start date of xx/xx/xx, same as the application date for the loan. No documentation was provided for the Loan Officer, xxx. Please provide for xxx.
 2 B NY Primary Purchase C B C A C B A A Non QM Non QM No
216104102 437220291 23228841 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided Reviewer Comment (2021-12-21): Client provided corrected Note and Mortgage to include the PPP.  Also provided the Prepayment Note Addendum and Prepayment Rider.


Seller Comment (2021-12-17): Note and Deed with PPP


Reviewer Comment (2021-10-22): A Rider is typically related to the Security Instrument in this case. Please forward the Prepayment Addendum to the Note. The Final CD reports the loan as having a Prepayment Penalty.


Seller Comment (2021-10-20): The NOTE doesn't have a prepayment rider. Please refer to the Deed of Mortgage, 2nd page. The only rider on this loan is the 1-4 Family Rider.
 12/21/2021 1 A NY Investment Purchase C A C A A A A A N/A Exempt from ATR Yes
216131581 437220471 23412210 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - CPA letter, or other third party documentation, missing to show each borrowers' percentage of ownership. Reviewer Comment (2021-11-23): Client provided CPA Letter that shows borrower ownership percentages.


Seller Comment (2021-11-19): CPA letter uploaded. B1 owns 50% and B2 owns 49 % with a total of 100%. xxx is a xx [Redact] since xx/xx/xxs active up to the present.


Reviewer Comment (2021-11-11): The document provided does not state the borrower's ownership percentage.  Per guidelines, a CPA Letter or equivalent document must include the name of the business, the applicant's percentage of ownership, the length of self-employment and that the business/applicant are active and/or in good standing.


Seller Comment (2021-11-05): Business Registration uploaded.
 11/23/2021 1 A CA Primary Purchase C A C A A A A A Non QM Non QM No
216131582 437220465 23245431 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank [redacted]): Creditor did not provide List of Homeownership Counseling Organizations to borrower. 01/24/2022 1 A FL Primary Purchase C A C A B A A A Non QM Non QM No
216131582 437220465 23433338 Credit Income / Employment Income Documentation Income / Employment Large deposits were not sourced and/or letter of explanation was not provided. Reviewer Comment (2022-02-03): Source of deposits and explanation provided; exception cleared.
 02/03/2022 1 A FL Primary Purchase C A C A B A A A Non QM Non QM No
216135063 437220915 23255801 Property Property - Appraisal Appraisal Data Integrity Property - Appraisal Appraiser's license or certification was not active at the time of the appraisal. - UTD Effective date for appraisers Lic in file. Reviewer Comment (2021-11-01): Client provided Lookup Detail View of appraiser's license information from the xxx.  First effective date of license [Redact] was xx/xx/xx; expiration date is xx/xx/xx.


Seller Comment (2021-10-29): Appraisers license confirming it was effective on the date of the appraisal report
 11/01/2021 1 A IL Primary Refinance - Rate/Term C B C B A A C A Non QM Non QM No
216135063 437220915 23433219 Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves discrepancy. Calculated Available for Reserves of ___ is less than Guideline Available for Reserves of ___. Transaction requires an additional $xx,xx for borrower reserves. The qualifying DTI on the loan is at least xx% less than the guideline maximum.

Borrower has verified disposable income of at least $xxxx.xx.		 Documentation Type: [redacted]
Disposable Income: $xx,xxx,xx		 Owner

Owner,Originator		 Reviewer Comment (2022-01-25): Client approved use of business assets without CPA Letter.


Reviewer Comment (2022-01-25): Client approved use of assets from business bank account without CPA Letter.


Seller Comment (2022-01-18): See the attached Exception approval to use business bank statements without a CPA letter, 2 months business bank statements from xxx, 2 months personal bank statements from xxx, Updated final 1003 with accurate asset balances
 01/25/2022 2 B IL Primary Refinance - Rate/Term C B C B A A C A Non QM Non QM No
216308898 437220289 23515675 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [redacted] of $XXX on Final Closing Disclosure provided on XXXXX/XX/XX accurate. The tax cert calculates a property tax payment for the subject property of XXX.xx, yet the Final CD reports a monthly property tax of XXX.xx. Provide the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-01-20): xxx received updated HOA document hence after review the exception has been cleared.


Seller Comment (2022-01-19): Please also see HOA Cost for the year


Seller Comment (2022-01-18): Please see the attached Screen shot. Please clear condition.


Seller Comment (2022-01-18): Thank you for adjusting the Taxes. However the hazard premium is $xxx


Reviewer Comment (2022-01-14): The xxxx supplemental tax has been removed from calculations, now the total is $xxx.


Seller Comment (2022-01-14): Property Taxes and Hazard match - Property taxes $xxx Sup taxes do not apply,                                                                                                    
Hazard $xxx, HOA $xxx, Esti cost year 1 $xxx - PCCD dated xx/xx/xx provide with the initial upload.
Please have the conditons waived.


Reviewer Comment (2022-01-06): The x/xx PCCD is $xxx short of the annual number and $xxx over the 11-month number.  Cure is required based on loan file and figures in previous entry.


Seller Comment (2022-01-05): You have a PCCD in the file with an issued date xx/xx/xxlecting the information correctly.


Reviewer Comment (2022-01-05): The annual non-escrowed costs on page 4 of the final CD do not match the loan file.  Annual non-escrowed costs, per loan file, are as follows: Hazard - $xxx, Tax - $xxx, Special Tax - $xxxA - $xxx for a total of $xxx.  Provide PCCD and LOE that reflects the preceding amounts in 10, 11 or 12 month breakouts, or documentation of alternative amounts.


Seller Comment (2022-01-04): re-calculated and my number match what on the CD signed with docs and the PCD provided in the file date x/xx/xx


Reviewer Comment (2022-01-03): Tolerance per SFA TRID Grid 3.0 must be within $X annual tolerance.  Provide Corrected CD and LOE to match to file documentation or provide documentation to support the Final CD figures.


Seller Comment (2021-12-30): The difference in the cost over the 1st year is within  a few dollars. Please escalate to have the condition waive..


Reviewer Comment (2021-11-24): xxx reviewed exception however the calculated total property are: $xxx HOA dues, $xxx HOI, and $xxx taxes. Please reference or provide documentation if using an updated amount. Please provide a corrected CD and LOE to cure.


Seller Comment (2021-11-21): We are not able to follow the math that was provided on the condition but in any event the delta between the math provided and the numbers on the CD is $X per month or $xxxper year in costs which are non-escrowed and unlimited tolerance. Please reach out to xxx regarding our request to cancel the exception. Thank You!


Reviewer Comment (2021-11-15): SFA 3.0 review standards require page for to be accurate within $1 annually.  The estimate can be stated in 12, 11 or 10 amounts.  The loan file supports an annual non-escrowed amount of $xxx.  This would be a 12 month amount, The monthly amount would be $xxx. Provide PCCD and LOE showing the accurate calculation on page 4, or provide documentation of another amount.


Seller Comment (2021-11-11): The estimated Escrow amount on page 4 of the CD does not effect the transactions. I'm not understanding the 10, 11 or 12 months breakouts. Please provide clarification what you are wanting - so we are able to clear the conditions.  -


Reviewer Comment (2021-11-11): The annual non-escrowed costs on page 4 of the final CD do not match the loan file.  Annual non-escrowed costs, per loan file, are as follows: Hazard - $xxx, Tax - $xxx, HOA - $xxx for a total of $xxx.  Provide PCCD and LOE that reflects the preceding amounts in 10, 11 or 12 month breakouts, or documentation of alternative amounts.


Seller Comment (2021-11-09): xxx allows for the esti escrow to be off by a few dollars. This isn't effecting the 1st payment and as noted before borrower(s) opted to waive escrow. They are responsible to pay all taxes, hazard and the yearly HOAs. Please  have the condition waived, not valid conditions.


Reviewer Comment (2021-11-05): xxx Property costs reflected on Final CD of $xxx.  Loan file indicates Costs of $xxx.  These itemized costs of ($xxx Monthly Insurance/ $xxx Monthly tax/ $xxx Monthly HOA) totaling $xxx Monthly on Page 01 and $xxx on page 04.  Please provide PCCD and LOE to cure or verification of updated amounts.


Seller Comment (2021-11-04): Please waive the suspense condition - borrower opted to waive the right for an escrow account and will be responsible to pay all taxes and hazard. The amount that reflects on the CD is an estimated cost.
 01/20/2022 1 A CA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
216308898 437220289 23515685 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Missing the CPA Letter (pre close). Reviewer Comment (2022-01-20): Client has provided acceptable CPA Letter and verification of the existence of the business within ten days of closing per guidelines.


Seller Comment (2022-01-18): CPA letter uploaded cleared other ATR condition. Please and clear.


Reviewer Comment (2022-01-03): Guidelines require VOE be completed within 10 days prior to the Note date. The closing and disbursement dates are irrelevant for this measure. VOE's/CPA letter are dated after the Note date. This exception remains open.


Seller Comment (2021-12-30): The conditions is invalid - xxx was provided with a Post CD with the initial uploaded, issue date xx/xx/xxclosing the closing date xx/xx/xxnd disbursement date xx/xx/xx. Please waive the conditions


Reviewer Comment (2021-11-24): The Final CD was issued xx/xx/xxa Disbursement Date of xx/xx/xx employment verification documents are dated xx/xx/xx provide third party verification and CPA Letter dated prior to closing.  The exception stands.


Seller Comment (2021-11-22): [Redact] property,  we don't go by the note date but go by the disbursement date which per the CD was xx/xx/xx. Please clear the suspense conditions. Thank you!


Reviewer Comment (2021-11-12): VVOEs dated xx/xx/xx acceptable based on being dated within 10 days after Note. CPA letter dated post closing (xx/xx/xx not acceptable. Exception remains open.


Seller Comment (2021-11-11): CPA Letter and VVOE uploaded xx.X for review
 01/20/2022 1 A CA Primary Refinance - Rate/Term Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM Yes
216308898 437220289 23515686 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - Bank Statements Ability-to-Repay (Dodd-Frank [redacted]): Unable to verify current employment status using reasonably reliable third-party records. Dates of self-employment not verified. Please provide pre-close verification of start date, continued self-employment, percentage of ownership, and expense ratio. Reviewer Comment (2022-01-14): Original CPA letter received.


Seller Comment (2022-01-14): Original CPA Letter that was sent on x/xx prior to application attached.  This was provided during the Underwriting review prior to the note date and a change in verbiage which did not affect the credit decision was requested which was received on x/x.  Please clear this condition on those grounds.


Reviewer Comment (2022-01-05): Verification of start date,active, percentage of ownership and expense ratio were not provided prior to consummation.


Reviewer Comment (2022-01-03): Guidelines require VOE be completed within 10 days prior to the Note date. The closing and disbursement dates are irrelevant for this measure. VOE's/CPA letter are dated after the Note date. This exception remains open.


Seller Comment (2021-12-30): The conditions is in valid - xxx was provided with a Post CD With issue date xx/xx/xxclosing the closing date xx/xx/xxnd disbursement date xx/xx/xx. Please waive the conditions


Reviewer Comment (2021-12-10): Guidelines states within days of closing. The final CD is issued on x/xx, however the actual closing date is x/x, since the final CD is signed on x/x and the security instrument is notarized on x/x. VVOE is dated x/x. Exception remains.


Seller Comment (2021-12-07): XX/Escrow State, the 3 days of recession was up on xx/xx/xxut the loan did not disburse until x/xx/xx.


Reviewer Comment (2021-11-24): The Final CD was issued xx/xx/xx a Disbursement Date of xx/xx/xx employment verification documents are dated xx/xx/xx provide third party verification and CPA Letter dated prior to closing.  The exception stands.


Seller Comment (2021-11-22): [Redact]  property, we don't go by the note date, we go by the disbursement date which per the CD was xx/xx/xx. Please clear the conditions.


Reviewer Comment (2021-11-12): CPA letter dated post closing (xx/xx/xx not acceptable. Exception remains open.


Seller Comment (2021-11-09): See attached CPA Letter


Seller Comment (2021-11-09): CPA Letter


Seller Comment (2021-11-09): Please see attached the VVOE - Please review and cleared
 01/14/2022 1 A CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216308898 437220289 23515687 Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied. Due to insufficient self-employment documentation. Reviewer Comment (2022-01-20): Client has provided acceptable CPA Letter and verification of the existence of the business within ten days of closing per guidelines.
 01/20/2022 1 A CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216308898 437220289 23549335 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank [redacted]: Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. The appraisal was documented as received onXXXXX/XX/XXthe report date wasXXXXX/XX/XXe forward the documentation verifying the borrower received the XXXXX/XX/XXraisal after completion, and provide a copy of the appraisal delivered XXX/XX/XX. Reviewer Comment (2021-12-02): Received copies of earlier appraisal.


Reviewer Comment (2021-12-01): We cannot clear this exception until we receive appraisal delivery documents for the two Revised/Final Appraisal Reports.  Please review our comment from xx/xx/xxnformation on documents needed to clear the exception and comply with § 1002.14(a)(1) which states "If, however, a creditor already has provided a copy of one version of an appraisal or other written valuation to an applicant, and the creditor later receives a revision of that appraisal or other written valuation, then the creditor also must provide the applicant with a copy of the revision to comply with § 1002.14(a)(1)."


Seller Comment (2021-11-30): The appraisal acknowledgement is not needed for appraisal if the value never changed. Please clear all ECOA conditions. Thank You!


Reviewer Comment (2021-11-24): Please review comment from xx/xx/xx documents required to comply with § 1002.14(a)(1) which states If, however, a creditor already has provided a copy of one version of an appraisal or other written valuation to an applicant, and the creditor later receives a revision of that appraisal or other written valuation, then the creditor also must provide the applicant with a copy of the revision to comply with § 1002.14(a)(1).


Seller Comment (2021-11-23): Please see the 1st appraisal completed. Please also be advise that this appraisal was provided with initial bundle uploaded. the condition in valid. Thank you!


Reviewer Comment (2021-11-12): Borrower acknowledgment of updated appraisal(s) (x/xx) receipt not provided. Exception remains open.


Seller Comment (2021-11-11): we are incompliance -  xxx appraisal efective date x/xx and   xxx appraisal effective date is xx/xx/xx The borrower executed the
 acknowledgement xx/xx/xx address both appraisal in   the right hand corner  (Appraisal PRC306205 and Appraisal PRC306208) Please waive the suspense conditions.


Reviewer Comment (2021-11-11): There are a total of four appraisal reports completed for this property.  We have documentation showing the Initial Appraisal Reports completed by xxx on xx/xx/xxxx on xx/xx/xx delivered.  We need the appraisal delivery document for the Revised/Final Appraisal Report signed by xxx on xx/xx/xx the Revised/Final Appraisal Report signed by xxx on x/xx/xx.


Seller Comment (2021-11-04): Conditions are invalid -  2 appraisal completed on xx/xx/xxxx receipt of appraisal xx/xx/xxxx loan closed xx/xx/xxxx. Please waive the suspense Conditions.
 12/02/2021 1 A CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216308898 437220289 23549336 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank[redacted]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. The appraisal was documented as received onXXXXX/XX/XXthe report date wasXXXXX/XX/XXe forward the documentation verifying the borrower received the XXXXX/XX/XXraisal after completion, and provide a copy of the appraisal delivered XXX/XX/XX. Reviewer Comment (2021-11-12): Borrower acknowledgment of updated appraisal(s) dated x/xx and x/xx receipt not provided.


Reviewer Comment (2021-11-12): Borrower acknowledgment of updated appraisal(s) receipt not provided. Exception remains open.


Seller Comment (2021-11-11): we are incompliance -  xxx appraisal efective date x/xx and   xxx appraisal effective date is xx/xx/xx The borrower executed the
acknowledgement xx/xx/xx address both appraisal in   the right hand corner  (Appraisal PRC306205 and Appraisal PRC306208) Please waive the suspense conditions.


Reviewer Comment (2021-11-11): There are a total of four appraisal reports completed for this property.  We have documentation showing the Initial Appraisal Reports completed by xxx on xx/xx/xxxx on xx/xx/xx delivered.  We need the appraisal delivery document for the Revised/Final Appraisal Report signed by xxx on xx/xx/xxhe Revised/Final Appraisal Report signed by xxx on x/xx/xx.


Seller Comment (2021-11-04): Conditions are invalid -  2 appraisal completed on xx/xx/xxxx receipt of appraisal xx/xx/xxxx loan closed xx/xx/xxxx Please waive the suspense Conditions.
 11/12/2021 1 A CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216308898 437220289 23571754 Credit Guideline Guideline Issue Guideline Refi Purpose reflects Rate/Term and cash out greater than the lesser of 2% of the loan amount or $2000. Cash to Borrower:  ___; Total Cash Out:    ___;  Refi Purpose:  ___ Reviewer Comment (2021-11-01): Up to $xxx allowed.
 11/01/2021 1 A CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216308898 437220289 23759190 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Borrower acknowledgment of updated appraisal(s) dated x/xx and x/xx receipt not provided. Reviewer Comment (2021-12-08): Seller acknowledges exception.


Reviewer Comment (2021-11-24): Provide appraisal delivery document for revised appraisal reports to comply with § 1002.14(a)(1) which states If, however, a creditor already has provided a copy of one version of an appraisal or other written valuation to an applicant, and the creditor later receives a revision of that appraisal or other written valuation, then the creditor also must provide the applicant with a copy of the revision to comply with § 1002.14(a)(1).


Seller Comment (2021-11-23): Acknowledgment for revised appraisal  are  not required from the borrowers, please waive the conditions..  Thank You!
 12/08/2021 2 B CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216308898 437220289 23884560 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Reviewer Comment (2021-12-08): Seller acknowledges exception.
 12/08/2021 2 B CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216308900 437220323 23514686 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within[redacted] business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. Reviewer Comment (2022-02-17): [Redact] received attestation of manually presented disclosures within 3 business days of application.


Seller Comment (2022-02-16): Disclosure Manual Delivery Attestation.


Reviewer Comment (2022-02-08): [Redact] received a executed intent to proceed, however, the issue as previously noed on 12-10 is that the E-consent agreement is accepted after the 3 business days from application date. The LE would not have been provided electronically if borrower had not e-consented with the 3 business days after application. The lender should have sent the consumer the Loan Estimate through another means in accordance with the official interpretation reflected in Comment 19(e)(1)(iv)-2.  Provide proof borrower was sent Initial LE via other means than electronic delivery, as the e-consent was over 3 business days and acknowledged over 3 business days or proof of earlier e-consent within the 3 business days of application date.


Seller Comment (2022-02-06): Intent to proceed executed xx/xx/xx as requested.


Reviewer Comment (2022-02-01): No new documentation received.


Reviewer Comment (2021-12-16): Application date is xx/xx and xx/xx being the day to send the LE to be within 3 days of application. Borrowers acknowledged delivery on xx/xx, however the Intent to Proceeds is not signed verifying their acceptance date of xx/xx. Provide the Intent to Proceeds executed on xx/xx.


Seller Comment (2021-12-10): the screenshot does show delivered to the borrower  disclosure on xx/xx . The borrowers can not esign the docs until they have acknowledge it and that happen on xx/xx, please escalate.


Reviewer Comment (2021-12-10): [Redact] The loan application date was xx/xx/xxxx. The consumer went through the E-Consent process on xx/xx/xxxx and acknowledged the receipt of the LE on xx/xx/xxxx. In the event the consumer had not provided E-Consent by xx/xx/xxxx, then the lender should have sent the consumer the Loan Estimate through another means to comply with the 3 day LE timing requirement. Proof of the LE being sent alternative method is required to Clear.


Seller Comment (2021-12-09): consent was provided xx/xx, viewed and accepted xx/xx


Reviewer Comment (2021-11-23): E-consent received which was in file at time of initial review. Issue with this citing is that the initial LE was electronically issued on xx/xx/xxxx and earliest e-consent obtained from the borrower was on xx/xx/xxxx. Documents may not be sent to borrower prior to having consent to do so. Need evidence of earlier e-consent. Exception remains.


Seller Comment (2021-11-23): Sorry for the error, correct eConsent uploaded


Reviewer Comment (2021-11-23): [Redact] received E-consent of "xxxx" however the borrower on the subject property is xxxx. Please provide a valid document for "xxxx" in order to clear the exception.


Seller Comment (2021-11-22): Econsent - uploaded


Reviewer Comment (2021-11-22): [Redact] received E-consent of "xxxx which is not the borrower for this subject property. Please provide E-consent for the borrower "xxxx".


Seller Comment (2021-11-21): Please see attached Ecosent
 02/17/2022 1 A FL Primary Purchase C B C B C A A A Non QM Non QM No
216308900 437220323 23558603 Credit Asset Asset Calculation / Analysis Asset Short cash to close: Verified assets of ___ is short the required cash to close of ___ [redacted] method is showing short funds to close of [redacted]. Lender showed short funds to close still no additional funds provided Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower has verified disposable income of at least $xxxx.xx.		 Lender Exception provided with Comp Factors for Re-Grade and Waive.

Residual exceeds minimum required of [redacted]		 Originator,Owner

Owner,Originator Pre-Close		 Reviewer Comment (2022-02-02): Method 1 was used, shortage was less than [Redact].  Approved lender exception to allow asset shortage < [Redact] in file.


Seller Comment (2022-02-01): The loan is not short cash-to-close, the loan is short funds for the [Redact] calculation, which is what we received the exception approval for.  Please re-review.


Reviewer Comment (2022-01-31): Provide file documentation that reflects method used for approval.


Reviewer Comment (2022-01-13): Changed to a EV3 exception.


Reviewer Comment (2022-01-13): Assets verified of $xxxx, $xxxx was used for income.
After assets used for [Redact] were deducted the file was short cash to close.  The lender exception to allow the file to be short cash to close stated it could have a [Redact] shortage.  The shortage is greater than [Redact].


Reviewer Comment (2021-12-16): Lender approved exception for funds shortage not to exceed [Redact].


Seller Comment (2021-12-09): Exception approval with Comp Factors


Reviewer Comment (2021-12-06): There are no Compensating Factors cited on the Lender Exception Form.


Seller Comment (2021-12-02): Please see  approved Exception for Asset Shortage


Reviewer Comment (2021-11-23): No new documentation received for this citing. Exception remains.


Seller Comment (2021-11-23): Guidelines for Bank Statement do not have any requirement for evidence that payments have been received during the last 6 months on a purchase of a NOO transaction
 02/02/2022 2 B FL Primary Purchase C B C B C A A A Non QM Non QM No
216308900 437220323 24500492 Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Documented qualifying Assets for Closing of  ___ is less than Cash From Borrower ___. [redacted] method is showing short funds to close of [redacted]. Lender showed short funds to close still no additional funds provided. Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx. Lender Exception provided with Comp Factors for Re-Grade and Waive. Originator,Owner Reviewer Comment (2022-02-01): Lender Exception provided with Comp Factors for Re-Grade and Waive.


Reviewer Comment (2022-02-01): Correction, the Lender Exception allows [Redact] asset shortage, (more than the [Redact] in last comment). Waive.


Reviewer Comment (2022-02-01): Per Worksheet, Method 3. Total assets of $xxxx less funds to close of $xxxx = $xxxx left for income. We need $xxxx (loan) + (60 mo debt service at $xxxx/mo) $xxxx = xxxx. $xxxx less $xxxx = $xxxx short is assets. The Lender Exception allows up to [Redact] asset shortage, or $xxxx (or less). Regrade and waive with comp factors per Lender Exception.


Seller Comment (2022-01-31): [Redact] worksheet without double-counting funds-to-close.


Reviewer Comment (2022-01-31): Provide file documentation that reflects method used for approval.


Seller Comment (2022-01-28): Your formula is double-counting the $xxxx needed for funds-to-close.  You are including it as a reduction of the $xxxx and again as the $ amount of the $xxxx Post Closing assets needed.   Please re-review as the shortfall is only[Redact] when you use the Method 3 formula:  $xxxx total funds available.  Qualifying Funds needed: $xxxx (funds needed to close) + $xxxx (100% of loan amount) + $xxxx (60 times debt service) = $xxxx.


Reviewer Comment (2022-01-28): This was not reviewed as an [Redact] Loan; it has been reviewed under the [Redact] Program.  Assets for closing documented at $xxxx which includes [Redact] account xxx with $xxxx and sales proceeds of $xxxx plus EMD of $xxxx.  The total Cash From Borrower is $xxxx ($xxxx cash to close from borrower plus EMD of $xxxx plus Title Insurance Seller Credit of $xxxx) = available funds of $xxxx.  Post Closing Assets Needed of $xxxx / available funds of $xxxx results in shortage of [Redact].


Seller Comment (2022-01-25): This is an [Redact] loan.  [Redact] was not utilized in the calculation.  Please let us know what funds you are deducting for [Redact] as this type of income calculation was not associated with this file in Underwriting.


Reviewer Comment (2022-01-13): Assets verified of $xxxx, $xxxx was used for income.
After assets used for [Redact] were deducted the file was short cash to close.  The lender exception to allow the file to be short cash to close stated it could have a [Redact] shortage.  The shortage is greater than [Redact].
 02/01/2022 2 B FL Primary Purchase C B C B C A A A Non QM Non QM No
216321208 437220280 23575844 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year [redacted] of XXX.xx on Final Closing Disclosure provided on XXXXX/XX/XX accurate. It appears that Lender used the quarterly HOA fee of $XXXas a monthly fee.  All evidence in file shows that as quarterly-with an annual fee of XXX or a monthly amount of $XXX  Provide evidence of an HOA fee of $XXXper month or PC CD with correctiions made and evidence it was sent to the borrower with an explanation of changes. Reviewer Comment (2022-01-18): xxx received a PCCD correcting non escrowed property costs and LOE.


Seller Comment (2022-01-13): see attached
 01/18/2022 2 B FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
216321208 437220280 23627658 Credit Credit Miscellaneous Guideline Credit Exception: Both borrowers' bank statements reflect declining income. Lender Exception in file, however it is not approved by Investor. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 [redacted] or more

[redacted] years		 Owner

Originator,Owner

Originator,Owner		 Reviewer Comment (2022-01-07): Approved lender exception provided.


Seller Comment (2022-01-06): see attached
 01/07/2022 2 B FL Primary Purchase C B C B C B A A Non QM Non QM No
216321210 437220293 23579001 Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Payoff Statement Missing Missing Payoff Statement: Unable to determine if a prepayment penalty was included in the pay-off which may impact high cost findings. Please forward the subject transaction Payoff Statement. Reviewer Comment (2021-11-19): Seller elects to waive this exception.
 11/19/2021 2 B NY Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216321210 437220293 23579002 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [redacted] of $XXX on Final Closing Disclosure provided on XXXXX/XX/XX accurate. The amount of Estimated Property Costs over Year [redacted] of $XXX on the Final Closing Disclosure provided on XXXXX/XX/XX incorrect. The documentation reported XXX.xx in annual hazard insurance and $XXX,xx in annual property tax. Please forward a PC CD with corrections, LOE to the borrowers and proof it was delivered. Reviewer Comment (2022-01-14): PCCD and explanation letter provided.


Seller Comment (2022-01-13): see attached
 01/14/2022 2 B NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
216321210 437220293 23579003 Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) (Missing Data) Unable to determine if loan is a same lender refi (Circuit 2, 5, 7, 8, 9, 10 or DC) Original Lender was not able to be determined. Unable to determine if correct TILA rescission form was used. (H-8 Form was used and property is in the [redacted],[redacted], [redacted], [redacted], [redacted], [redacted], or xxxx) Reviewer Comment (2021-11-19): Seller elects to waive this exception.
 11/19/2021 2 B NY Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216327887 437220366 23590345 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank [redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Reviewer Comment (2021-11-22): Borrower signed Appraisal Waiver/Receipt Form at closing acknowledging receipt of all copies of appraisal as of closing date.


Seller Comment (2021-11-18): Appraisal waiver
 11/22/2021 1 A DC Primary Refinance - Cash-out - Other B A A A B A A A Non QM Non QM No
216327887 437220366 23632270 Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $XXXexceeds tolerance of $XXXplus[redacted] or $XXX Sufficient or excess cure was provided to the borrower at Closing. [redacted] tolerance was exceeded by $XXXdue to increase in recording fees. No valid COC provided, cure provided at closing. Reviewer Comment (2021-11-04): Sufficient Cure Provided At Closing
 11/04/2021 1 A DC Primary Refinance - Cash-out - Other Final CD evidences Cure B A A A B A A A Non QM Non QM Yes
216328144 437220305 23612513 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___ The underwriters Bank Statement Income Calculation Worksheet is missing from the loan file, as well as the [redacted] and[redacted] 4506-C for the co borrower. The representative FICO score exceeds the guideline minimum by at least xx points.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.		 Loan to Value: [redacted]
Guideline Maximum Loan to Value: [redacted]		 Owner

Owner

Owner

Owner

Owner

Owner,Originator		 Reviewer Comment (2022-02-15): Client approved only 1 year of W2 income for co-borrower.


Seller Comment (2022-02-09): [Redact] has delegation authority to approve exceptions on [Redact]'s behalf.  Please discuss this with [Redact] as she is aware of this.  This condition should be cleared on those grounds.


Reviewer Comment (2022-02-09): Please provide [Redact]'s approval for the exception request.  Exception remains.  [Redact].


Seller Comment (2022-02-04): Exception approval for 1 year W2


Reviewer Comment (2022-01-28): Guidelines indicate[Redact]from a Co-Applicant who is not self-employed may be used to supplement bank statement income. See full documentation guidelines for additional information on acceptable sources and requirements. [Redact] indicate two years W-2s are required.  Only [Redact] W-2 in file and only [Redact] 4506-C in file.


Seller Comment (2022-01-26): Please clear the conditions - We only used [Redact] W-2 for Qualifying the borrower [Redact] 4506C not needed


Reviewer Comment (2021-12-13): Received UW Bank Statement Income Analysis. 4506-C([Redact]) for Salaried Co-Borrower not provided. GLs state two years of W-2s required and [Redact] only supplied.


Seller Comment (2021-12-07): 4506C for brw and spouse


Reviewer Comment (2021-12-06): The 4506-C for [Redact] was uploaded again.  We need the 4506-C for [Redact] for co-borrower's wage income.  We are still missing the UW Bank Statement Spreadsheet.


Seller Comment (2021-12-02): signed 4506C


Seller Comment (2021-12-02): income docs


Reviewer Comment (2021-12-02): The 4506-C for [Redact] is needed for the co-borrower's wage income.  We are also missing the UW Business Bank Statement Spreadsheet/UW Income Worksheet.


Seller Comment (2021-12-01): Please be advised that I just confirmed with my UW, transaction is a bank statement loan and 4506C are not required and you have the W-2 Transcripts in the file. thank you!


Reviewer Comment (2021-11-30): The 4506-C for [Redact] was received.  We still need the 4506-C for [Redact] for the co-borrower's wages and the 1084/Income Worksheet for the borrower's bank statement income.


Seller Comment (2021-11-26): 4506C uploaded
 02/15/2022 2 B CA Primary Purchase C B C B A A A A Non QM Non QM No
216342252 437220353 23635730 Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. - Initial and final1003s state the borrower will occupy the property and the occupancy statement indicates the subject property is an investment property. Initial and final 1003s to be corrected in Section [redacted] changing the response from Yes to No regarding occupancy and borrower to initial the correction. Reviewer Comment (2021-12-14): Client provided corrected 1003 showing borrower will not occupy property.


Seller Comment (2021-12-07): See attached
 12/14/2021 1 A NY Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216342252 437220353 23645097 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Reviewer Comment (2021-11-18): Received Post Disaster Inspection Report (and photos) dated xx/xx/xxperty did no suffer damage from remnants of [Redact].


Seller Comment (2021-11-16): see attached
 11/18/2021 1 A NY Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216342252 437220353 23647995 Compliance Compliance Federal Compliance ATR/QM Defect QM Points and Fees 2021 Qualified Mortgage (Dodd Frank[redacted]): Points and Fees on subject loan of [redacted] is in excess of the allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees total $XXX,xx on a Federal Total Loan Amount of $XXX,xx vs. an allowable total of $XXX,xx (an overage of XXX.xx or[redacted]). 1003 indicates borrower intends to occupy, all bank statements reflect the subject address, and the 1004 reflects the property is owner occupied. Loan testing as owner occupied. Reviewer Comment (2022-01-05): Client provided revised 1003 showing borrower does not intend to occupy property as primary residence.  Revised appraisal showing property is Tenant Occupied was also received as well as Occupancy Certification showing this is an Investment Property.


Seller Comment (2022-01-04): Proof of business purpose loan, see occupancy affidavit showing investment property


Reviewer Comment (2021-12-14): Missing Business Purpose Certificate or Letter of Explanation stating the reason for the refinance.


Seller Comment (2021-12-07): See attached
 01/05/2022 1 A NY Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216342252 437220353 23657773 Compliance Compliance Federal Compliance TILA TILA - Impermissible Prepayment Penalty Truth in Lending Act (Dodd-Frank[redacted]): Covered transaction contains impermissible prepayment penalty. 1003 indicates borrower intends to occupy, all bank statements reflect the subject address, and the 1004 reflects the property is owner occupied. Prepayment Penalty not allowed on owner occupied properties. Reviewer Comment (2022-01-05): Client provided revised 1003 showing borrower does not intend to occupy property as primary residence.  Revised appraisal showing property is Tenant Occupied was also received as well as Occupancy Certification showing this is an Investment Property.


Seller Comment (2022-01-04): Proof of business purpose loan, see occupancy affidavit showing investment property


Reviewer Comment (2021-12-14): Missing Business Purpose Certificate or Letter of Explanation stating the reason for the refinance.


Seller Comment (2021-12-07): See attached
 01/05/2022 1 A NY Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216342252 437220353 23674487 Compliance Compliance Federal Compliance ATR/QM Defect Other Income - Not to be used for qualifying Qualified Mortgage (Dodd-Frank [redacted]): Income used to qualify borrower(s) not permitted for use under [redacted]. Loan testing with Appendix Q due to the 1003 indicating borrower intends to occupy, all bank statements reflect the subject address, and the 1004 reflects the property is owner occupied. Loan does not present as Investment property. Reviewer Comment (2022-01-05): Client provided revised 1003 showing borrower does not intend to occupy property as primary residence.  Revised appraisal showing property is Tenant Occupied was also received as well as Occupancy Certification showing this is an Investment Property.


Seller Comment (2022-01-04): Proof of business purpose loan, see occupancy affidavit showing investment property


Reviewer Comment (2021-12-14): Missing Business Purpose Certificate or Letter of Explanation stating the reason for the refinance.


Seller Comment (2021-12-07): See attached
 01/05/2022 1 A NY Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216342252 437220353 23674516 Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - Not Tested As Primary The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment).  Determination has not been made as to whether the loan would be High Cost and/or HPML if ran as a Primary Residence. Initial and final1003s state the borrower will occupy the property and the occupancy statement indicates the subject property is an investment property. Initial and final 1003s to be corrected in Section [redacted] changing the response from Yes to No regarding occupancy and borrower to initial the correction. Reviewer Comment (2021-12-14): Client provided corrected 1003 showing borrower does not intend to occupy property.


Seller Comment (2021-12-07): See attached
 12/14/2021 1 A NY Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216342252 437220353 23676220 Compliance Compliance Federal Compliance ATR/QM Defect QM Deferment of Principal Qualified Mortgage (Dodd-Frank[redacted]): Terms of the subject loan provide for deferment of principal as an Interest Only loan. 1003 indicates borrower intends to occupy, all bank statements reflect the subject address, and the 1004 reflects the property is owner occupied. Principal deferment not allowed on owner occupied properties. Reviewer Comment (2022-01-05): Client provided revised 1003 showing borrower does not intend to occupy property as primary residence.  Revised appraisal showing property is Tenant Occupied was also received as well as Occupancy Certification showing this is an Investment Property.


Reviewer Comment (2021-12-14): Missing Business Purpose Certificate or Letter of Explanation stating the reason for the refinance.


Seller Comment (2021-12-07): See attached
 01/05/2022 1 A NY Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216342252 437220353 23690661 Compliance Compliance Federal Compliance ATR/QM Defect QM Required Credit Report Not Provided to Evidence Debts Qualified Mortgage (Dodd-Frank [redacted]): The loan file does not contain a Credit report to evidence the consumers outstanding liabilities. Owner occupied testing does not recognise the business as a corporate entity. Business being considered as an individual and a credit report is missing. Reviewer Comment (2022-01-05): Client provided revised 1003 showing borrower does not intend to occupy property as primary residence.  Revised appraisal showing property is Tenant Occupied was also received as well as Occupancy Certification showing this is an Investment Property.


Reviewer Comment (2021-12-14): Missing Business Purpose Certificate or Letter of Explanation stating the reason for the refinance.


Seller Comment (2021-12-07): See attached
 01/05/2022 1 A NY Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216345846 437220284 23693394 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Mortgage Broker Fee. Fee Amount of $xx,xxx,xx exceeds tolerance of $xx,xxx,xx. Insufficient or no cure was provided to the borrower. Final loan amount changed however there is no change of circumstance in the file relating to this change. Please provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-01-27): xxx received CD and COC dated xx/xx/xx for fee increase.


Seller Comment (2022-01-26): Please see redisclosed CD and COC


Reviewer Comment (2021-12-10): xxx upon further review please provide documented valid COC to justify the fee increase on CD dated xx/xx/xxxx or need cure.


Seller Comment (2021-12-09): Broker fee is on a percentage of the loan amount there for the broker fee increased.
 01/27/2022 1 A MI Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
216345846 437220284 23693402 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Reviewer Comment (2021-12-21): Client provided Post Disaster Inspection Report and photos dated xx/xx/xx.  Property did no suffer damage from storms.


Seller Comment (2021-12-19): Post Disaster Inspection uploaded, please review and clear condition


Reviewer Comment (2021-12-14): Pending receipt of Disaster Inspection Report.


Seller Comment (2021-12-09): The Disaster Inspection has been requested, will upload once received.


Seller Comment (2021-12-09): Appraisal Transfer Docusign
 12/21/2021 1 A MI Primary Refinance - Rate/Term C A C A C A A A Non QM Non QM No
216345846 437220284 23740372 Credit Credit Miscellaneous Guideline Credit Exception: Please provide all required appraisal transfer documentation. Reviewer Comment (2021-12-14): Client provided Appraisal Transfer Letter.


Seller Comment (2021-12-09): supporting documentation for the appraisal Transfer has been uploaded
 12/14/2021 1 A MI Primary Refinance - Rate/Term C A C A C A A A Non QM Non QM No
216348029 437220317 23673604 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within[redacted] business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. LE was provided on [redacted] and the electronic consent was signed on [redacted]. Reviewer Comment (2022-02-24): [Redact] received proof of receipt.  Exception is cleared.


Seller Comment (2022-02-22): The attestation states it was provided manually (face-to-face) so no disclosure tracking is available.  xxxx accepted this as an means of clearing a similar loan recently (see xxxx Seller Loan [Redact]).


Reviewer Comment (2022-02-18): [Redact] Received Attestation showing disclosures mailed on xx/xx/xxxx. Provide disclosure tracking showing documents mailed on xx/xx/xxxx.


Seller Comment (2022-02-17): Attestation for manual delivery.
 02/24/2022 1 A IL Primary Purchase C A A A C A A A Non QM Non QM No
216348029 437220317 23738832 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank[redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least [redacted] days prior to closing. Reviewer Comment (2021-11-17): Appraisal delivery document is with the appraisal showing emailed xx/xx/xxxx.


Seller Comment (2021-11-15): Effective date of the appraisal is xx/xx/xxxx, Acknowledgement dated  xx/xx/xxxx and the loan closed xx/xx/xxxx -Conditions not valid, please waive. Thank You!
 11/17/2021 1 A IL Primary Purchase C A A A C A A A Non QM Non QM No
216348041 437220327 23695867 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [redacted] business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. Provide evidence the borrower provided electronic documents consent on or prior to [redacted], when the initial LE was delivered. Reviewer Comment (2022-03-01): [Redact] received lender attestation that initial LE was presented manually to borrower within 3 business days of application


Seller Comment (2022-02-25): Attestation stating disclosures were presented directly to the borrower by the Broker within the permitted time period.


Reviewer Comment (2021-11-24): Duplicate e-consent received. Issue with this citing is that the initial LE was electronically issued on xx/xx/xxxx and earliest e-consent obtained from the borrower was on xx/xx/xxxx. Documents may not be sent to borrower prior to having consent to do so. Need evidence of earlier e-consent. Exception remains.


Seller Comment (2021-11-23): Econsent


Seller Comment (2021-11-23): The brwr cannot receive/ view disclosures without first having econsent to the disclosures.  App date was xx/xx and you have the econsent on file.

T


Reviewer Comment (2021-11-16): [Redact]   The loan application date was xx/xx/xxxx.  The consumer went through the E-Consent process on xx/xx/xxxx and acknowledged the receipt of the LE on xx/xx/xxxx . In the event the consumer had not provided E-Consent by xx/xx/xxxx, then the lender should have sent the consumer the Loan Estimate through another means to comply with the 3 day LE timing requirement.  Proof of the LE being sent alternative method is required to clear.


Seller Comment (2021-11-15): We are within the 3day. The initial application and LE provide xx/xx and initial disclosure esigned by borrower xx/xx/xxxx.. The borrower(s) acknowledged receipt of initial disclosure within the required time. The econsent was provided with the the upload, please waive condition. Thank you!
 03/01/2022 1 A FL Primary Refinance - Rate/Term C B B B C A A A Non QM Non QM No
216348041 437220327 23696087 Credit Credit Miscellaneous Guideline Credit Exception: Business funds were used for for bank statement income, and also for funds to close and reserves. However, the borrower only owned [redacted] of the business. A Lender Exception was in file, but not approved by the Investor. The qualifying DTI on the loan is at least xx% less than the guideline maximum.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive. Owner

Originator,Owner

Owner

Owner

Owner

Owner		 Reviewer Comment (2021-11-10): Lender Exception with Comp Factors provided for regrade and waive.
 11/10/2021 2 B FL Primary Refinance - Rate/Term C B B B C A A A Non QM Non QM No
216350152 437221147 23695022 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided Missing Lender Underwriting Approval and final 1008.  Provide all underwriting approvals and/or the final 1008 for documentation purposes. Reviewer Comment (2021-11-16): Client provided Uniform Underwriting and Transmittal Summary (1008).


Seller Comment (2021-11-12): See attached transmittal summary. Approval not required with the 1008.
 11/16/2021 1 A MA Investment Purchase C B C B A A No
216350152 437221147 23695797 Credit Insurance Insurance Analysis Insurance The Hazard Insurance Policy effective date is after the Note Date. Hazard Insurance Policy Effective Date ___, Note Date ___ Dates match policy in file. Provide updated hazard policy showing an effective date as of the date of closing of XX/XX/XX. Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx. Borrower's Own Funds Percent: [redacted]
Borrower's Own Funds Amount: $XXX,xx		 Owner,Originator Reviewer Comment (2021-12-16): Ok to downgrade per xxx.  Exception signed by xxx


Seller Comment (2021-12-13): Exception Request and Approval


Seller Comment (2021-12-13): Exception Approved attaching.
 12/16/2021 2 B MA Investment Purchase C B C B A A No
216350324 437221382 23694863 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least [redacted] days prior to closing, or that the borrower signed the [redacted] waiver. Reviewer Comment (2022-03-10): Appraisal receipt documentation received. Exception cleared


Seller Comment (2022-03-08): Appraisal receipt


Reviewer Comment (2022-01-31): In the absence of the borrower's acknowledgment of receipt of the appraisal, the presumed date of receipt is xx/xx/xxxx which is less than three business days prior to closing.  The exception remains.


Seller Comment (2022-01-27): I have spoke to [Redact] management who advised we do not have to provide appraisal acknowledgement from the borrower, we sent on xx/xx/xxxx prior to Note xx/xx/xxxx.
Please advise.


Reviewer Comment (2022-01-27): Disclosure Tracking Details states appraisal was Sent xx/xx and Presumed Received xx/xx. There is no date of when the Message Viewed was. Earliest Closing Date would have been xx/xx. Loan closed [Redact] which remains non-compliant.


Reviewer Comment (2022-01-27): Cleared in error.


Reviewer Comment (2022-01-27): The Disclosure Tracking summary verifies the appraisal was sent via email and is sufficient evidence that the lender provided the appraisal a minimum of three days prior to closing .  Exception is cleared.


Seller Comment (2022-01-24): Please note, [Redact] provided appraisal to the borrower on xx/xx/xxxx and subject disbursed on xx/xx/xxxx. [Redact] is not required to provide borrower acknowledgement of receiving appraisal. Please advise.


Reviewer Comment (2021-12-01): The Disclosure Tracking Summary Report was provided for the appraisal delivery document.  The report shows the date provided as xx/xx/xxxx.  We need the borrower's acknowledgment document showing the actual date of receipt to prove borrower received appraisal at least three business days prior to consummation.


Seller Comment (2021-11-29): Appraisal delivery
 03/10/2022 1 A CA Primary Purchase C A A A C A A A Non QM Non QM No
216350324 437221382 23694864 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR[redacted] + [redacted], or [redacted]. Non-Compliant Higher Priced Mortgage Loan. Reviewer Comment (2022-03-10): Appraisal receipt documentation received. Exception cleared


Seller Comment (2022-03-08): Appraisal receipt


Reviewer Comment (2022-01-31): In the absence of the borrower's acknowledgment of receipt of the appraisal, the presumed date of receipt is xx/xx/xxxx which is less than three business days prior to closing.  The exception remains.


Seller Comment (2022-01-27): I have spoke to [Redact] management who advised we do not have to provide appraisal acknowledgement from the borrower, we sent on xx/xx/xxxx prior to Note xx/xx/xxxx.
Please advise.


Reviewer Comment (2022-01-27): Disclosure Tracking Details states appraisal was Sent xx/xx and Presumed Received xx/xx. There is no date of when the Message Viewed was. Earliest Closing Date would have been xx/xx. Loan closed [Redact] which remains non-compliant.


Seller Comment (2022-01-24): Please note [Redact] provided appraisal on xx/xx/xxxx and subject disbursed on xx/xx/xxxx. [Redact] is not required to provide acknowledgement from the borrower advising the received a copy of the appraisal. Please advise.


Reviewer Comment (2021-12-01): The Disclosure Tracking Summary Report was provided for the appraisal delivery document.  The report shows the date provided as xx/xx/xxxx.  We need the borrower's acknowledgment document showing the actual date of receipt to prove borrower received appraisal at least three business days prior to consummation.


Seller Comment (2021-11-29): [Redact] guides on APR
 03/10/2022 1 A CA Primary Purchase C A A A C A A A Non QM Non QM No
216350324 437221382 23694865 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least [redacted] days prior to closing. Reviewer Comment (2022-01-27): The Disclosure Tracking summary verifies the appraisal was sent via email and is sufficient evidence that the lender provided the appraisal a minimum of three days prior to closing .  Exception is cleared.


Seller Comment (2022-01-24): Please note, [Redact] provided appraisal on xx/xx/xxxx and subject disbursed on xx/xx/xxxx. [Redact] is not required to provide acknowledgement from the borrower advising they have received a copy of the appraisal. Please advise.


Reviewer Comment (2021-12-01): The Disclosure Tracking Summary Report was provided for the appraisal delivery document.  The report shows the date provided as xx/xx/xxxx.  We need the borrower's acknowledgment document showing the actual date of receipt to prove borrower received appraisal at least three business days prior to consummation.


Seller Comment (2021-11-29): Appraisal delivery
 01/27/2022 1 A CA Primary Purchase C A A A C A A A Non QM Non QM No
216354026 437221632 23728074 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Reviewer Comment (2021-12-16): PDI dated xx/xx/xx provided verifying no disaster related damage.


Seller Comment (2021-12-13): Disaster report


Reviewer Comment (2021-11-22): A Disaster Inspection Report is needed up until the date of securitization.  Please provide requested report.


Seller Comment (2021-11-18): Please advise why a disaster report is needed dated after closing, subject closed/funded on x.xx.xx and disaster date is from x.x.xx to x.x.xx
Thanks so much, CW
 12/16/2021 1 A NY Investment Purchase C A C A A A No
216354133 437220319 23709870 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Missing Third Party Verification of self employment. Reviewer Comment (2021-12-06): Internet listing for Schedule C business received; dated xx/xx/xx.


Seller Comment (2021-12-02): VOE from closing


Seller Comment (2021-12-02): Please give Clarification what you are looking for regarding 3rd party?
 12/06/2021 1 A CO Second Home Purchase C B C A C B A A Non QM Non QM No
216354133 437220319 23720944 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - Schedule C Test Ability-to-Repay (Dodd-Frank [redacted]): Unable to verify current Sole Proprietorship status using reasonably reliable third-party records. Due to missing third party verification of self-employment, and signed dated 1040's for [redacted] and [redacted] Reviewer Comment (2022-01-26): Client provided verification of business dated xx/xx/xx; confirmation from CPA.


Seller Comment (2022-01-24): Updated VVOE including Sch C


Reviewer Comment (2022-01-20): Document was for xxx, not xxx.


Reviewer Comment (2021-12-06): Client provided third party verification of business existence.
 01/26/2022 1 A CO Second Home Purchase C B C A C B A A Non QM Non QM No
216354133 437220319 23720945 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - Schedule C Test Ability-to-Repay (Dodd-Frank [redacted]): Unable to verify current Sole Proprietorship status using reasonably reliable third-party records. Due to missing third party verification of self-employment, and signed dated 1040's for [redacted] and [redacted] Reviewer Comment (2022-01-26): Client provided verification of business existence via VOE from CPA and Internet Listing.


Seller Comment (2022-01-24): Updated VVOE including Sch C


Reviewer Comment (2022-01-20): Document was for xxx, not xxx


Reviewer Comment (2021-12-06): Client provided third party verification of business existence.
 01/26/2022 1 A CO Second Home Purchase C B C A C B A A Non QM Non QM No
216354133 437220319 23720948 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank [redacted]): Creditor did not provide List of Homeownership Counseling Organizations to borrower. Missing Homeownership Counseling List Reviewer Comment (2021-12-06): Client provided Counseling Agency list.


Seller Comment (2021-12-02): Homeownership List uploaded


Seller Comment (2021-12-02): Homeownership Counseling Orig List
 12/06/2021 1 A CO Second Home Purchase C B C A C B A A Non QM Non QM No
216354133 437220319 23720949 Compliance Compliance State Compliance Misc. State Level Colorado Home Loan (Ability to Repay not Verified) [redacted] Home Loan ([redacted]): Borrower's ability to repay not verified with reliable documentation. Reviewer Comment (2021-12-06): Ability to repay has been verified.
 12/06/2021 1 A CO Second Home Purchase C B C A C B A A Non QM Non QM No
216354133 437220319 23720950 Compliance Compliance State Compliance Misc. State Level Colorado Home Loan (Tangible Net Benefit Disclosure Not Provided) [redacted] Home Loan ([redacted]): Loan file does not contain a Tangible Net Benefit Disclosure (or similar document). Missing XXX TNB Disclosure Reviewer Comment (2021-12-08): Seller acknowledges this exception.
 12/08/2021 2 B CO Second Home Purchase C B C A C B A A Non QM Non QM No
216354133 437220319 23720953 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $xxx,xx exceeds tolerance of $xxx,xx. Sufficient or excess cure was provided to the borrower at Closing. Transfer Tax Fee was  last disclosed as $xxx,xx on LE but disclosed as $xxx,xx on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include $x,xx, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2021-11-10): Sufficient Cure Provided At Closing
 11/10/2021 1 A CO Second Home Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
216354133 437220319 23720974 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Loan designation failure is due to QM failure. The exception will be cleared once all QM specific exceptions have been cleared/cured. Reviewer Comment (2021-12-06): Client provided third party verification of business existence.
 12/06/2021 1 A CO Second Home Purchase Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM Yes
216354133 437220319 23720978 Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied. Loan designation failure is due to QM failure. The exception will be cleared once all QM specific exceptions have been cleared/cured. Reviewer Comment (2021-12-06): Client provided third party verification of business existence.
 12/06/2021 1 A CO Second Home Purchase C B C A C B A A Non QM Non QM No
216354133 437220319 23721083 Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Timing ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [redacted] days of the loan application date. Evidence of earlier borrower receipt was not found in file. Reviewer Comment (2021-12-08): Seller acknowledges this exception.
 12/08/2021 2 B CO Second Home Purchase C B C A C B A A Non QM Non QM Yes
216354133 437220319 23721084 Compliance Compliance Federal Compliance TRID Defect TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within [redacted] business days of application. No proof LE was received within [redacted] business days of application. Reviewer Comment (2021-12-09): xxx received x-x-xx LE


Seller Comment (2021-12-08): LE


Reviewer Comment (2021-12-06): The application date is xx/xx however the initial LE is dated xx/xx. Please provide LE if a LE was provided prior to xx/xx/xx.


Seller Comment (2021-12-02): I'm understanding this condition - initial xx/xx/xxxx? Where are you seeing this initial date x.xx.xxxx
 12/09/2021 1 A CO Second Home Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216354133 437220319 23782298 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. Loan file missing third party verification of self employment. Reviewer Comment (2021-12-10): Third party verification received. Exception cleared.


Seller Comment (2021-12-08): 3rd Party employment Verification
 12/10/2021 1 A CO Second Home Purchase C B C A C B A A Non QM Non QM No
216354133 437220319 23952292 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Reviewer Comment (2021-12-10): Documentation received verifying DTI is less than [Redact]. Exception cleared.


Seller Comment (2021-12-08): Please see 1008 correcting the DIT,  and income worksheet uploaded today.
 12/10/2021 1 A CO Second Home Purchase Lender to provide updated ATR/QM Loan Designation C B C A C B A A Non QM Non QM Yes
216354133 437220319 23952293 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application RESPA Disclosure Rule (Dodd-Frank [redacted]): List of Homeownership Counseling Organizations not provided to applicant within[redacted] business days of application. Homeownership Counseling Organization List Disclosure is dated xx/xx/xx.  The Initial application date is xx/xx/xx. Reviewer Comment (2021-12-08): Seller acknowledges exception.
 12/08/2021 2 B CO Second Home Purchase C B C A C B A A Non QM Non QM No
216354133 437220319 24065200 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within[redacted] business days of application. Application datexx/xx/xx. Initial LE issued [redacted]. Reviewer Comment (2022-01-24): xxx Received Lender's attestation


Seller Comment (2022-01-21): Attestation regarding federal holiday


Reviewer Comment (2022-01-20): Need Lender's attestation regarding holiday schedule to determine.


Reviewer Comment (2022-01-20): xxx Received Comment stating xx/xx/xxxx is federal holiday and same is excluded from business day.


Seller Comment (2022-01-19): Application date was x/xx.  Initial LE was sent to the borrower on x/x.  x/x was a Federal Holiday and not counted as a business day, therefore x/x was the 3rd business day and initial LE was delivered within compliance.
 01/24/2022 1 A CO Second Home Purchase C B C A C B A A Non QM Non QM No
216354140 437221628 23795979 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank [redacted]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. Email acknowledgment in file is dated XXXX/XX/XXnd appraisal report date isXXXXX/XX/XXse provide the appraisal for the XXXX/XX/XXnowledgment, The Acknowledgment for theXXXXX/XX/XXisal and the [redacted] day Waiver. Reviewer Comment (2021-12-14): Client provided appraisal delivery document.


Seller Comment (2021-12-09): Appraisal delivery
 12/14/2021 1 A CA Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
216354140 437221628 23795984 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Please provide the Income Calculation worksheet for all [redacted] Bank Statement Calculations, both Pension Calculations and the Net Rental income Calculation. Reviewer Comment (2021-12-21): Client provided www Worksheet for all borrowers.


Seller Comment (2021-12-21): Uploaded correct 1003 and CLA


Seller Comment (2021-12-17): 1008


Seller Comment (2021-12-17): Income WS
 12/21/2021 1 A CA Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
216354140 437221628 23809096 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Loan file missing income worksheets, P&L, CPA letters with expense ratios provided. [redacted] expense ratio used for all businesses. Please provide additional documentation to support the income provided on the 1003s. Reviewer Comment (2021-12-21): Exception re-set for DTI of [Redact] exceeding guidelines.  Client provided www Worksheet for all borrowers.


Seller Comment (2021-12-17): Income WS
 12/21/2021 1 A CA Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
216354140 437221628 23809105 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Waterfall due to income documentation and DTI issue. Reviewer Comment (2022-01-05): Client provided LOX for three large deposits.  DTI is under [Redact].


Seller Comment (2022-01-03): LOE large deposit


Reviewer Comment (2021-12-23): Provide a letter of explanation or equivalent document that supports the large deposits.  Per guidelines, any abnormal deposits will need to be sourced and documented.


Seller Comment (2021-12-22): Please see xxx UW response and please advise.
That is a part of the borrower payroll.  If you look up what the coaching agency does.  I didn't think it needed to be sourced because it made sense to me and it was every quarter.

xxx


Reviewer Comment (2021-12-21): Income for xxx has been calculated at a lower amount due to three large, unsourced deposits.  Provide the source of deposits from xxx for $xxx on xx/xx/xx on xx/xx/xxxx on x/xx/xx.


Seller Comment (2021-12-17): Income WS
 01/05/2022 1 A CA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
216354140 437221628 23809106 Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines Ability to Repay (Dodd-Frank[redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted] of [redacted] significantly exceeds the guideline maximum of [redacted]. (DTI Exception requires compelling compensating factors to consider regrading to [redacted].) Waterfall due to income documentation and DTI issue. Reviewer Comment (2021-12-21): Client provided www Worksheets for all borrowers.


Seller Comment (2021-12-17): Income WS
 12/21/2021 1 A CA Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
216354140 437221628 23809113 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]: Based on the loan failing one or more guideline components, the loan is at ATR risk. Waterfall due to income documentation and DTI issue. Reviewer Comment (2022-01-05): Client provided LOX for three large deposits.  DTI is under [Redact].


Seller Comment (2022-01-03): LOE large deposit


Reviewer Comment (2021-12-23): Provide a letter of explanation or equivalent document that supports the large deposits.  Per guidelines, any abnormal deposits will need to be sourced and documented.


Seller Comment (2021-12-22): Please see xxx UW RESPONSE AND PLEASE ADVISE.
That is a part of the borrower payroll.  If you look up what the coaching agency does.  I didn't think it needed to be sourced because it made sense to me and it was every quarter.

xxx


Reviewer Comment (2021-12-21): Income for xxx has been calculated at a lower amount due to three large, unsourced deposits.  Provide the source of deposits from xxx for $xxx on xx/xx/xx on xx/xx/xxxx on x/xx/xx.


Seller Comment (2021-12-17): Income WS
 01/05/2022 1 A CA Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
216354140 437221628 24214806 Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank[redacted]: The DTI calculated in accordance with the Lenders Guidelines and [redacted] of [redacted] moderately exceeds the guideline maximum of [redacted]. (DTI Exception is eligible to be regraded with compensating factors.) Income for xxx has been calculated at a lower amount due to xx large, unsourced deposits.  Provide the source of deposits from xxx., Payroll for $XXX,xx on XXXXX/XX/XX,xx on XXXXX/XX/XXXXX,xx on XXX/XX/XX. Reviewer Comment (2022-01-05): Client provided LOX for three large deposits.  DTI is under [Redact].


Seller Comment (2022-01-03): LOE large deposit


Reviewer Comment (2021-12-23): Provide a letter of explanation or equivalent document that supports the large deposits.  Per guidelines, any abnormal deposits will need to be sourced and documented.


Seller Comment (2021-12-22): Please see xxx UW response and please advise
That is a part of the borrower payroll.  If you look up what the coaching agency does.  I didn't think it needed to be sourced because it made sense to me and it was every quarter.

xxx
 01/05/2022 1 A CA Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
216366477 437220285 23725994 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - The Investment property [redacted] [redacted] mortgage statement is missing, it is required to verify the escrowed expenses and lease agreement is required for rental calculation Reviewer Comment (2022-03-04): Received pay history for xxxx Mtg [Redact] for the property at xxxx. Pay history reflects balance as $[Redact]. As per 1008 and final 1003 rental income is not used for DTI calculation for the property at xxxx, hence lease agreement is not required. Exception cleared.


Seller Comment (2022-03-02): see attached
 03/04/2022 1 A MI Primary Refinance - Rate/Term C B C A B B A A Non QM Non QM No
216366477 437220285 23727659 Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Payoff Statement Missing Missing Payoff Statement: Unable to determine if a prepayment penalty was included in the pay-off which may impact high cost findings. The is no payoff statement on file. Provide a payoff statement Reviewer Comment (2021-11-19): Seller elects to waive this exception.
 11/19/2021 2 B MI Primary Refinance - Rate/Term C B C A B B A A Non QM Non QM No
216366478 437220287 23730891 Credit Missing Document General Missing Document Missing Document: Explanation Letter not provided Borrower has worked in the same position for more than 3 years. Lender Exception provided with Comp Factors for Re-grade and Waive. Originator,Owner 01/28/2022 2 B NY Primary Purchase C B C B A A A A Non QM Non QM No
216366478 437220287 23730979 Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Borrower has worked in the same position for more than 3 years. Lender Exception provided with Comp Factors for Re-grade and Waive. Originator,Owner 01/28/2022 2 B NY Primary Purchase C B C B A A A A Non QM Non QM No
216366478 437220287 23731900 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Borrower has worked in the same position for more than 3 years. Lender Exception provided with Comp Factors for Re-grade and Waive. Originator,Owner 01/28/2022 2 B NY Primary Purchase C B C B A A A A Non QM Non QM No
216366478 437220287 24647296 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Reviewer Comment (2022-02-07): Lender provided a post disaster inspection indicating no damage. This issue is cleared.


Seller Comment (2022-02-03): see attached
 02/07/2022 1 A NY Primary Purchase C B C B A A A A Non QM Non QM No
216366480 437220326 23764918 Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is missing secondary valuation product required for securitization. Reviewer Comment (2022-02-17): Client provided a Residential Appraisal Review.


Reviewer Comment (2022-02-16): Guidelines specifically say a CDA is required and if the value is greater than 10% difference a field review is used.  The CDA was not provided.


Seller Comment (2022-02-11): see attached.


Reviewer Comment (2022-02-03): Received signed copy of the Short Form Review however, the last paragraph on page 2 of the Addendum of this review indicates the appraisal under review is of poor qualify and a new appraisal completed by an appraiser other than the original appraiser is recommended.


Seller Comment (2022-02-01): see attached


Reviewer Comment (2022-01-05): The Residential Appraisal Review Short Form has not been signed by the reviewer.  Provide copy of signed report.


Seller Comment (2022-01-04): see attached


Reviewer Comment (2021-12-14): Secondary valuation was not uploaded.  The exception stands.


Seller Comment (2021-12-07): see attached
 02/17/2022 1 A NH Primary Purchase C B C A A B C A Non QM Non QM No
216366480 437220326 23764983 Credit Missing Document General Missing Document Missing Document: Bank Statements - Personal not provided Bank statement missing for account [redacted] and [redacted]. The loan program requires [redacted]months of statements and only [redacted] were provided. Please provide [redacted] or [redacted] statement for [redacted] and [redacted], [redacted], [redacted], [redacted], [redacted] [redacted] for account [redacted]. Reviewer Comment (2022-02-10): Accounts are not retirement accounts, 100% can be used per guidelines.


Reviewer Comment (2022-02-02): If the two accounts were not used for income, not enough income would be available for method 3.  $xxx,xxx loan amount, 12 months debts X $xxxx = $xxxx. total $xxxx required.  Also worksheet used 80% for retirement accounts however they are not of retirement age, 70% needs to be used.


Seller Comment (2022-02-01): Using from the xxxx the $xxxx that was transferred from xxxx on [Redact]
We do not need to provide 6 months of statements for xxxx xxxx because it was just used for funds to close and the only amounts utilized are those that were transferred in from the xxxx line of credit on [Redact].  The only liquid funds available for closing were from the xxxx xxxx and xxxx xxxx accounts-$xxx,xxx needed to close.  Please clear this condition.


Reviewer Comment (2021-12-14): The [Redact] Worksheet shows funds from the xxxx account xxxxxxx are included in funds being utilized for the program.  Statements for a six month period are required.  The exception for additional bank statements for the xxxx account remains.


Seller Comment (2021-12-07): Account [Redact] was provided to show the deposit of the $xxx,xxx from the [Redact] credit line-additional statements should not be necessary.
 02/10/2022 1 A NH Primary Purchase C B C A A B C A Non QM Non QM No
216366480 437220326 23765041 Credit Income / Employment Income Documentation Income / Employment Large deposits were not sourced and/or letter of explanation was not provided. Please source and season the large deposit of [redacted] into account [redacted] on [redacted]. Reviewer Comment (2021-12-14): Client provided LOX regarding $xxx,xxx deposit.


Seller Comment (2021-12-07): see attached
 12/14/2021 1 A NH Primary Purchase C B C A A B C A Non QM Non QM No
216366480 437220326 24827033 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Provide appraisal delivery document showing the Residential Appraisal Review was provided to the borrower. Reviewer Comment (2022-02-23): Seller acknowledges exception.
 02/23/2022 2 B NH Primary Purchase C B C A A B C A Non QM Non QM No
216366485 437221364 23746031 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant[redacted] business days prior to consummation. Appraisal acknowledgment not in file.  Provide evidence of the date that borrower received copies of all appraisals provided. Reviewer Comment (2022-01-25): Received documentation verifying appraisal delivery date.  Exception cleared.


Seller Comment (2022-01-24): Proof xxx appraisal  delivery to borrower. Please note per xxx management we do not have to provide confirmation date the borrower actual receipt of the appraisal.


Reviewer Comment (2021-11-19): Exception can be waived however, it will remain an EV2.


Seller Comment (2021-11-17): Seller requests buyer review: xxx is unable to clear.
 01/25/2022 1 A CA Primary Refinance - Rate/Term C A A A C A A A Non QM Non QM No
216366485 437221364 23746032 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted], or [redacted]. Non-Compliant Higher Priced Mortgage Loan. HPML loan with Compliance Report in file with HPML alert.  Non-compliant due to missing evidence of borrower's receipt of appraisal. Reviewer Comment (2022-01-25): Received documentation verifying appraisal delivery date.  Exception cleared.


Seller Comment (2022-01-24): Proof xxx appraisal  delivery to borrower. Please note per xxx management we do not have to provide confirmation date the borrower actual receipt of the appraisal.


Reviewer Comment (2021-11-19): HPML requirements have not been met.


Seller Comment (2021-11-17): Uploaded xxx guides
 01/25/2022 1 A CA Primary Refinance - Rate/Term C A A A C A A A Non QM Non QM No
216366485 437221364 23746033 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Appraisal acknowledgment not in file. Reviewer Comment (2022-01-25): Received documentation verifying appraisal delivery date.  Exception cleared.


Seller Comment (2022-01-24): Proo fxxx appraisal  delivery to borrower. Please note per xxx management we do not have to provide confirmation date the borrower actual receipt of the appraisal.


Reviewer Comment (2021-11-19): This exception is EV3 as loan is an HPML loan.


Seller Comment (2021-11-17): Please advise on all other loan appraisal is a level 2 condition and xxx is able to mark unable to clear. Please advise.
 01/25/2022 1 A CA Primary Refinance - Rate/Term C A A A C A A A Non QM Non QM No
216367527 437221372 23763457 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Reviewer Comment (2022-02-04): Revised 50
 02/04/2022 1 A TX Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
216367527 437221372 23763458 Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted] of [redacted] moderately exceeds the guideline maximum of [redacted]. (DTI Exception is eligible to be regraded with compensating factors.) Reviewer Comment (2022-02-04): updated 1008 provided
 02/04/2022 1 A TX Primary Purchase C A C A C A A A Non QM Non QM No
216367527 437221372 23763468 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Reviewer Comment (2022-02-04): revised program allows [Redact]
 02/04/2022 1 A TX Primary Purchase C A C A C A A A Non QM Non QM No
216367527 437221372 23763489 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. Reviewer Comment (2022-02-04): Revised 50
 02/04/2022 1 A TX Primary Purchase C A C A C A A A Non QM Non QM No
216368659 437221378 23733477 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank [redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. 12/28/2021 2 B CA Primary Purchase C B C A B B A A Non QM Non QM No
216368659 437221378 23793025 Credit Asset Asset Documentation Asset Asset documentation requirements not met. 12/28/2021 1 A CA Primary Purchase C B C A B B A A Non QM Non QM No
216368668 437220490 23742599 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Deal Summary not provided Provide copies of underwriting approvals and/or the final 1008 which are missing from the file. Reviewer Comment (2021-11-23): Client provided Loan Approval Document and 1008.


Seller Comment (2021-11-19): Copy of 1008 And Approval uploaded.
 11/23/2021 1 A CA Investment Purchase C A C A A A No
216376112 437221357 23777008 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  AVM provided is invalid.  The FSD is greater than 0.2.; Sec ID: 12 Reviewer Comment (2021-12-20): Client provided CDA from xxx.  There is no value variance.


Seller Comment (2021-12-16): Please see attached CDA
 12/20/2021 1 A HI Investment Refinance - Rate/Term D A A A D A N/A No
216388417 437220321 23767581 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003 Provide final 1003 signed by borrower. Reviewer Comment (2022-03-03): Received final 1003, Exception Cleared


Seller Comment (2022-03-02): Final 1003 signed.


Reviewer Comment (2022-02-01): The same Initial 1003 was uploaded.  Provided copy of signed Final 1003.


Seller Comment (2022-01-28): Final 1003
 03/03/2022 1 A FL Investment Purchase C A C A A A No
216388417 437220321 23767616 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Flood insurance coverage amount is insufficient. Flood coverage has a shortfall of [redacted]. Provide evidence of flood insurance for at least the maximum amount allowed for flood insurance of [redacted]. Reviewer Comment (2022-02-25): Revised flood declaration page verifying coverage increased to $250,000. Exception cleared.


Seller Comment (2022-02-23): flood dec page


Seller Comment (2022-02-23): Please see Flood Insurance  - Building Coverage of $250,000.00 and Replacement Cost $xxx,xxx -  Please clear conditions


Reviewer Comment (2021-11-30): Per guidelines, minimum flood coverage is to be the lowest of the 100% Replacement Cost ($xxx,xxx); the amount of the unpaid principal balance ($xxx,xxx) or the maximum flood insurance amount available ($250,000).  Provide Flood Insurance Policy showing the minimum flood insurance amount available of $250,000.


Seller Comment (2021-11-29): Please review the Flood Insurance, under General Information there is an Estimated Replacement cost iao $xxx,xxx. thank you!
 02/25/2022 1 A FL Investment Purchase C A C A A A No
216388476 437220423 23759636 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least [redacted] days prior to closing. Reviewer Comment (2022-02-08): Aggregator elects to waive.


Reviewer Comment (2021-11-17): Open
 02/08/2022 2 B CA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216388476 437220423 23759637 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $XXX,xx exceeds tolerance of $XXX,xx plus [redacted] or $XXX,xx. Insufficient or no cure was provided to the borrower. [redacted] percent fees changed. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2021-11-29): Documentation received.  Exception cleared. x/xx/xx.


Seller Comment (2021-11-23): Copy of COC for CD dated xx/xx uploaded. Please clear this exception. TY


Reviewer Comment (2021-11-17): Open
 11/29/2021 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216388975 437221144 23787732 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Lender did not factor in HOA dues of $XXXper month for property xxx.  Property located xxx shows in borrower's name and on our borrowers credit report with a payment of XXX.xx. Both items add an additional XXX.xx/mon in debt. The representative FICO score exceeds the guideline minimum by at least xx points.

Borrower has worked in the same position for more than x years.

Borrower has been employed in the same industry for more than x years.		 The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower has worked in the same position for more than [redacted] years.

Borrower has been employed in the same industry for more than [redacted] years.		 Originator,Owner

Originator,Owner

Owner,Originator		 Reviewer Comment (2022-01-03): Lender approved exception.


Seller Comment (2021-12-30): See attached


Reviewer Comment (2021-11-29): Credit supplement was in file at time of initial review verifying the mortgage account was removed as it does not belong to the borrower. Property history report in file also verifies it is not in the borrower's name. DTI is still [Redact], above max of [Redact]. Exception remains.


Seller Comment (2021-11-23): Forensic letter rebuttal
 01/03/2022 2 B RI Primary Refinance - Rate/Term C B C B C B A A Non QM Non QM No
216388975 437221144 23787798 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. Reviewer Comment (2022-01-03): Client provided approved Lender Exception for DTI.
 01/03/2022 1 A RI Primary Refinance - Rate/Term Lender to provide updated ATR/QM Loan Designation C B C B C B A A Non QM Non QM Yes
216388975 437221144 23787799 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. Additional debt increased DTI causing ATR fail. Reviewer Comment (2022-01-03): Client provided approve Lender Exception for DTI.


Reviewer Comment (2022-01-03): Need to regrade exceptions.


Reviewer Comment (2022-01-03): Lender approved exception.


Seller Comment (2021-12-30): See attached
 01/03/2022 1 A RI Primary Refinance - Rate/Term C B C B C B A A Non QM Non QM No
216388975 437221144 23894255 Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted]. [redacted] of [redacted] moderately exceeds the guideline maximum of [redacted]. (DTI Exception is eligible to be regraded with compensating factors.) The representative FICO score exceeds the guideline minimum by at least xx points.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 The representative FICO score exceeds the guideline minimum by at least [redacted] points.

Borrower has worked in the same position for more than [redacted] years.

Borrower has verified disposable income of at least [redacted].

Borrower has been employed in the same industry for more than [redacted] years.		 Originator,Owner

Originator,Owner

Originator,Owner

Owner,Originator		 Reviewer Comment (2022-01-03): Lender approved exception.


Reviewer Comment (2021-12-30): Updated 1008 and 1003 provided verifying DTI > [Redact]. Lender Exception document with compensating factors not provided. Exception remains.


Seller Comment (2021-12-28): Exception Request for DTI > [Redact] has been approved, updated1008, 1003
 01/03/2022 2 B RI Primary Refinance - Rate/Term C B C B C B A A Non QM Non QM No
216388977 437221616 23772038 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided Please provide 1008 or Approval. Reviewer Comment (2021-11-24): Received 1008.  Exception cleared.


Seller Comment (2021-11-22): 1008
 11/24/2021 1 A CA Primary Refinance - Rate/Term C A C A B A A A Non QM Non QM No
216388977 437221616 23772045 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. The file was missing a copy of the final title policy. Reviewer Comment (2022-02-18): Final Title Policy received , verified and associated the document.
Hence exception cleared.
 02/18/2022 1 A CA Primary Refinance - Rate/Term C A C A B A A A Non QM Non QM No
216388977 437221616 23772514 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - A CXXXXX/XX/XX tax preparer letter or equivalent document verifying percentage of ownership, business is active/in good standing, and date business opened. Reviewer Comment (2021-12-16): CPA letter provided for both xxx and xxx.


Seller Comment (2021-12-08): see attached letters
 12/16/2021 1 A CA Primary Refinance - Rate/Term C A C A B A A A Non QM Non QM No
216388977 437221616 23772572 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank [redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Provide all appraisals and evidence they were all sent to the borrower at least [redacted] days prior to closing. Reviewer Comment (2021-12-14): Client provided Appraisal delivery document.


Seller Comment (2021-12-07): proof appraisal sent
 12/14/2021 1 A CA Primary Refinance - Rate/Term C A C A B A A A Non QM Non QM No
216388977 437221616 23789727 Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - Provide [redacted] days consecutive, complete, bank statements for accounts ending [redacted], [redacted], and [redacted]. Reviewer Comment (2021-12-07): Client provided revised 1003s and 1008 removing assets that only had one months statement and were not needed to meet reserves.


Seller Comment (2021-12-03): See updated 1003 and 1008


Reviewer Comment (2021-11-29): Please provide corrected Final 1003s and a corrected 1008 removing these accounts and correcting the total verified assets on the 1008.  Exception remains.  x/xx/xx.


Seller Comment (2021-11-23): Please remove the three accounts from qualifying; xxxx, xxxx, xxxx. The borrower has the sufficient reserves of 9 months $xxx without the three accounts
 12/07/2021 1 A CA Primary Refinance - Rate/Term C A C A B A A A Non QM Non QM No
216388977 437221616 23789747 Credit Title General Title Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2022-02-18): Final Title Policy received, verified and associated the document.
Hence exception cleared.


Seller Comment (2022-02-17): Title Policy


Seller Comment (2022-02-17): Corrected Title policy


Reviewer Comment (2022-02-16): seller wants to clear


Reviewer Comment (2022-02-04): Seller acknowledges exception.


Seller Comment (2021-12-10): Seller requests buyer review: Grade 2
 02/18/2022 1 A CA Primary Refinance - Rate/Term C A C A B A A A Non QM Non QM No
216389953 437220131 23771121 Compliance Compliance Federal Compliance Federal Defect (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of [redacted] is in excess of the allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees of $XXX,xx on a Federal Total Loan Amount of $XXX,xx vs. an allowable total of $XXX,xx (an overage of $XXX,xx or [redacted]). Non-Compliant High Cost Loan. Compliance or High Cost Worksheet was not provided in file. Provide evidence of any bona fide discount points. Reviewer Comment (2021-12-16): Bona fide discount point verification provided


Seller Comment (2021-12-09): Rate sheet


Seller Comment (2021-12-09): Our compliance ease cannot calculate on Non-QM loan and  the fail you see is based on[Redact] testing not[Redact].  I provided the compliance ease to show the UDR and the bona fide fees that were excluded on page 15 and 16.  
Calculation are as follows
• of Amount financed $xxx x[Redact] = $xxx  allowed to be charged on this loan
• Compliance is showing a total discount fee  of $xxx - $xxx Discount points excluded = $xxx.  Final CD will always show the total discounts charged of $xxx regardless if we are able to excluded the bona fide fee on the test.
• Total fee charged, excluding the bona fide, was $xxx which meet allowable charges
• UDR used was x[Redact] - see attached memo from lock with a screen shot of the rate for that day (previously provided)


Reviewer Comment (2021-12-01): ComplianceEase Report shows loan Fails Points & Fees Test.  The compliance report used loan discount fee of $xxx.  The Final CD shows loan discount fee of $xxx.  Provide corrected compliance report.  Also, confirm the Undiscounted Rate is[Redact].  Provide the Undiscounted Rate Price if applicable.


Seller Comment (2021-11-29): Rate lock Sheet


Reviewer Comment (2021-11-24): The Rate Lock Sheet was not provided.  The compliance report shows the loan fails the Points and Fees Testing.


Seller Comment (2021-11-19): Attached is the UDR used, with a copy of the rate sheet from Lock and our compliance.
 12/16/2021 1 A HI Primary Refinance - Cash-out - Other (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. C A A A C A A A Non QM Non QM Yes
216389953 437220131 23771126 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $XXX,xx exceeds tolerance of $XXX,xx. Insufficient or no cure was provided to the borrower. Discount Points of $XXX,xx exceed the [redacted] Percent Tolerance by $XXX,xx. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include $XXX,xx, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changed made, or VCC. Per the Disclosure Summary, a COC was sent to the borrower on XXXXX/XX/XXt was not provided in file. Reviewer Comment (2021-11-29): [Redact] xxx upon further review received a valid COC dated xx/xx/xxoan Discount Points increases.


Seller Comment (2021-11-29): COC and CD
 11/29/2021 1 A HI Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
216390726 437221090 23773638 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - PUD not provided Please provide PUD Rider. Reviewer Comment (2021-11-22): Client provided PUD Rider.


Seller Comment (2021-11-18): 11.18 Uploaded document to portal. Please Advise if anything else is needed.
 11/22/2021 1 A GA Primary Purchase C A C A A A A A Non QM Non QM No
216390726 437221090 23776290 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Desk Review Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. Appraisal Desk Review fee was not listed on the Loan Estimate. However, the Appraisal Desk Review fee was listed on the Final Closing Disclosure increased [redacted] to [redacted]. No valid change of circumstance Reviewer Comment (2021-11-15): Sufficient Cure Provided At Closing
 11/15/2021 1 A GA Primary Purchase Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
216390726 437221090 23805899 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___ Loan file missing borrower's percentage of ownership. Reviewer Comment (2022-02-18): Articles of organization reflect only borrower.


Reviewer Comment (2022-02-15): Did not receive verification of the borrowers percent ownership.  Exception remains


Seller Comment (2022-02-08): Borrower owns 100% of business, no others associated with business per annual report


Reviewer Comment (2022-01-26): No new documentation received. Please forward documents verifying percentage of ownership.
 02/18/2022 1 A GA Primary Purchase C A C A A A A A Non QM Non QM No
216390726 437221090 23805918 Credit Missing Document General Missing Document Missing Document: Bank Statements - Business not provided [redacted] months business bank statements are required when using personal statements. Reviewer Comment (2022-02-15): Received 1008 stating business type and using standard [Redact] expense ratio.  Exception cleared


Seller Comment (2022-02-08): Please see 1008 reflecting type of business, standard [Redact] expense ratio applied


Reviewer Comment (2022-01-28): Email from Exceptions states a separate business bank account is not required, however the recommended statement regarding the business type is not included in the file. Provide commentary regarding business type and why an expense factor was not used.. Exception remains.


Seller Comment (2022-01-26): 1008 showing updated income with the UNIFORM EXPENSE RATIO income worksheet


Seller Comment (2022-01-26): [Redact] email attached explaining the comingled guideline for the use of personal bank statements when the borrower does not have business bank statements


Seller Comment (2022-01-26): We provided an updated income worksheet UNIFORM EXPENSE RATIO to be used when the borrower does not have business bank statements


Reviewer Comment (2022-01-26): No new documentation received. Please forward documents  3 months business bank statements.


Reviewer Comment (2022-01-25): The same Personal Bank Statements were uploaded again.  Per guidelines, three months' Business Bank Statements are required when using Personal Bank Statements to determine income.  The exception remains.


Seller Comment (2022-01-20): Please see attached...
 02/15/2022 1 A GA Primary Purchase C A C A A A A A Non QM Non QM No
216391235 437220302 23803756 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Reviewer Comment (2021-12-16): Client provided Post Disaster Inspection Report and photos dated xx/xx/xxperty did not suffer damage from [Redact].


Seller Comment (2021-12-10): Disaster - Reinspection
 12/16/2021 1 A CT Primary Refinance - Rate/Term C A C A A A A A Non QM Non QM No
216391235 437220302 23828947 Credit Credit Miscellaneous Guideline Credit Exception: Loan file missing required documentation for appraisal transfer. Reviewer Comment (2021-12-20): Appraisal transfer letter provided. Exception cleared.


Seller Comment (2021-12-16): Appraisal Transfer Letter


Reviewer Comment (2021-12-16): Pending receipt of appraisal transfer document.


Seller Comment (2021-12-10): We will provide transfer documentation as soon as received
 12/20/2021 1 A CT Primary Refinance - Rate/Term C A C A A A A A Non QM Non QM No
216392906 437221387 23803995 Compliance Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided File missing page 2 and 3 of the Note. Reviewer Comment (2022-01-14): Client provided Interest Only Period Fixed Rate Note.


Reviewer Comment (2021-12-02): The Note provided does not show an Interest Only Period.  The LEs, CDs and Amortization Schedule in the file show loan should be IO for ten years.  Provide correct Note showing Interest Only terms.


Seller Comment (2021-12-01): Note
 01/14/2022 1 A CA Primary Refinance - Cash-out - Other D A C A D A A A Non QM Non QM No
216392906 437221387 23829476 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $XXXexceeds tolerance of $XXX Sufficient or excess cure was provided to the borrower at Closing. [redacted] percent fee increased. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2021-11-18): Sufficient Cure Provided At Closing
 11/18/2021 1 A CA Primary Refinance - Cash-out - Other Final CD evidences Cure D A C A D A A A Non QM Non QM Yes
216392906 437221387 23829506 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Loan file requires [redacted] days consecutive pay stubs. Loan file only contains [redacted] semi-monthly stub. Reviewer Comment (2021-12-02): Client provided additional pay stub to meet guideline requirement for pay stubs for a 30 day period.


Seller Comment (2021-12-01): paystubs
 12/02/2021 1 A CA Primary Refinance - Cash-out - Other D A C A D A A A Non QM Non QM No
216392906 437221387 23933486 Credit Loan Package Documentation Closing / Title Loan Package Documentation (Missing Doc) Missing Note Addendum: Note P&I does not match calculated P&I The Note provided does not show an Interest Only Period. The LEs, CDs and Amortization Schedule in the file show loan should be IO for [redacted] years. Provide correct Note showing Interest Only terms. Reviewer Comment (2022-01-14): Client provided Interest Only Period Fixed Rate Note.


Seller Comment (2022-01-12): Note
 01/14/2022 1 A CA Primary Refinance - Cash-out - Other D A C A D A A A Non QM Non QM No
216392906 437221387 23933491 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Qualification Method not Matching ATR Ability to Repay (Dodd-Frank[redacted]): The Qualification Method used by the lender does not match the ATR payment calculation methods under [redacted]. The Note provided does not show an Interest Only Period. The LEs, CDs and Amortization Schedule in the file show loan should be IO for [redacted] years. Provide correct Note showing Interest Only terms. Reviewer Comment (2022-01-14): Client provided Interest Only Period Fixed Rate Note.


Seller Comment (2022-01-12): Note
 01/14/2022 1 A CA Primary Refinance - Cash-out - Other D A C A D A A A Non QM Non QM No
216392906 437221387 23933492 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure AP Table Interest Only Payment Period TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Final Closing Disclosure provided on XXXXX/XX/XX closed an inaccurate Interest Only Payments Period. The Note provided does not show an Interest Only Period. The LEs, CDs and Amortization Schedule in the file show loan should be IO for [redacted] years. Provide correct Note showing Interest Only terms. Reviewer Comment (2022-01-14): Client provided Interest Only Period Fixed Rate Note.


Seller Comment (2022-01-12): Note
 01/14/2022 1 A CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D A C A D A A A Non QM Non QM Yes
216392906 437221387 23933493 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure AP Table Maximum Payment TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Final Closing Disclosure provided on XXXXX/XX/XXclosed a Maximum Payment amount and period that does not match the actual terms for the loan. The Note provided does not show an Interest Only Period. The LEs, CDs and Amortization Schedule in the file show loan should be IO for [redacted] years. Provide correct Note showing Interest Only terms. Reviewer Comment (2022-01-14): Client provided Interest Only Period Fixed Rate Note.


Seller Comment (2022-01-12): Note
 01/14/2022 1 A CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D A C A D A A A Non QM Non QM Yes
216392906 437221387 23933494 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Balloon Payment Test TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on XXXXX/XX/XX correctly disclosed whether the loan contains a Balloon Payment. The Note provided does not show an Interest Only Period. The LEs, CDs and Amortization Schedule in the file show loan should be IO for [redacted] years. Provide correct Note showing Interest Only terms. Reviewer Comment (2022-01-14): Client provided Interest Only Period Fixed Rate Note.


Seller Comment (2022-01-12): Note
 01/14/2022 1 A CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable D A C A D A A A Non QM Non QM Yes
216392906 437221387 23933495 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XXXXX/XX/XXclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated XXXX/XX/XX The Note provided does not show an Interest Only Period. The LEs, CDs and Amortization Schedule in the file show loan should be IO for [redacted] years. Provide correct Note showing Interest Only terms. Reviewer Comment (2022-01-14): Client provided Interest Only Period Fixed Rate Note.


Seller Comment (2022-01-12): Note
 01/14/2022 1 A CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable D A C A D A A A Non QM Non QM Yes
216392906 437221387 23933496 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Principal and Interest Change After Closing Test TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on XXXXX/XX/XX correctly disclosed whether the Principal and Interest Payment can change. The Note provided does not show an Interest Only Period. The LEs, CDs and Amortization Schedule in the file show loan should be IO for [redacted] years. Provide correct Note showing Interest Only terms. Reviewer Comment (2022-01-14): Client provided Interest Only Period Fixed Rate Note.


Seller Comment (2022-01-12): Note
 01/14/2022 1 A CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D A C A D A A A Non QM Non QM Yes
216392906 437221387 23933497 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Projected P&I Min Payment Fixed Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XXXXX/XX/XXclosed a periodic principal and interest payment for payment stream [redacted] that does not match the actual payment for the loan. The Note provided does not show an Interest Only Period. The LEs, CDs and Amortization Schedule in the file show loan should be IO for [redacted] years. Provide correct Note showing Interest Only terms. Reviewer Comment (2022-01-14): Client provided Interest Only Period Fixed Rate Note.


Seller Comment (2022-01-12): Note
 01/14/2022 1 A CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable D A C A D A A A Non QM Non QM Yes
216392906 437221387 23933498 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XXXXX/XX/XXclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated XXXX/XX/XX The Note provided does not show an Interest Only Period. The LEs, CDs and Amortization Schedule in the file show loan should be IO for [redacted] years. Provide correct Note showing Interest Only terms. Reviewer Comment (2022-01-14): Client provided Interest Only Period Fixed Rate Note.


Seller Comment (2022-01-12): Note
 01/14/2022 1 A CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable D A C A D A A A Non QM Non QM Yes
216393464 437220130 23847389 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least [redacted] days prior to closing. Reviewer Comment (2022-02-08): Acknowledgement of Receipt of Appraisal signed by the borrower at closing confirms the receipt of Appraisal within 3 days prior to closing. Exception cleared.


Seller Comment (2022-02-07): TIL HPML Receipt of Appraisal condition cleared, "Evidence of appraisal delivery provided."   Please advise if the following condition is also satisfied.
 02/08/2022 1 A FL Primary Refinance - Cash-out - Other C A A A C A A A Non QM Non QM No
216393464 437220130 23847391 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of x.xx% or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted], or [redacted]. Non-Compliant Higher Priced Mortgage Loan. Waterfall grading due to missing evidence of appraisal receipt. Reviewer Comment (2022-02-01): Evidence of appraisal delivery provided.


Seller Comment (2022-01-28): Appraisal delivery properties


Seller Comment (2022-01-28): Appraisal Delivery audit log


Reviewer Comment (2021-12-16): The exception is for the Revised/Final Appraisal Report; not the CDA.  Provide the appraisal delivery document for the Revised/Final Appraisal Report that was signed by xxxx on xx/xx/xxxx to comply with § 1002.14(a)(1) which states "If, however, a creditor already has provided a copy of one version of an appraisal or other written valuation to an applicant, and the creditor later receives a revision of that appraisal or other written valuation, then the creditor also must provide the applicant with a copy of the revision to comply with § 1002.14(a)(1)."


Seller Comment (2021-12-10): CDA value to appraisal


Seller Comment (2021-12-10): appraisal


Seller Comment (2021-12-10): Per ECOA Valuations RULE - Appraisal that support the value of the property in the appraisal report presented for Underwriter Approval are not required to be delivered to the applicant.

The CDA Value to the Appraisal Value:[Redact]:  -  Appraised Value as of xx/xx/xxxx is $xxx,xxx, the CDA Value as of xx/xx/xxxx is $xxx,xxx


Reviewer Comment (2021-12-07): Provide the appraisal delivery document for the Revised/Final Appraisal Report that was signed by xxxx on xx/xx/xxxx to comply with § 1002.14(a)(1) which states "If, however, a creditor already has provided a copy of one version of an appraisal or other written valuation to an applicant, and the creditor later receives a revision of that appraisal or other written valuation, then the creditor also must provide the applicant with a copy of the revision to comply with § 1002.14(a)(1)."


Seller Comment (2021-12-03): Ø See attached Appraisal signature date xx/xx/xxxx along with Appraisal Audit Log  delivered xx/xx/xxxx
 02/01/2022 1 A FL Primary Refinance - Cash-out - Other C A A A C A A A Non QM Non QM No
216393464 437220130 23847392 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least [redacted] days prior to closing. Reviewer Comment (2022-02-01): Evidence of appraisal delivery provided.


Reviewer Comment (2021-12-07): Provide the appraisal delivery document for the Revised/Final Appraisal Report that was signed by xxxx on xx/xx/xxxx to comply with § 1002.14(a)(1) which states "If, however, a creditor already has provided a copy of one version of an appraisal or other written valuation to an applicant, and the creditor later receives a revision of that appraisal or other written valuation, then the creditor also must provide the applicant with a copy of the revision to comply with § 1002.14(a)(1)."


Seller Comment (2021-12-03): Ø See attached Appraisal signature date xx/xx/xxxx along with Appraisal Audit Log  delivered xx/xx/xxxx
 02/01/2022 1 A FL Primary Refinance - Cash-out - Other C A A A C A A A Non QM Non QM No
216393464 437220130 24670247 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of revised valuation to applicant [redacted] business days prior to consummation. Final revised appraisal was delivered to borrower on [redacted]. Default receipt date is [redacted], which is not at least [redacted] business days prior to closing [redacted]. Borrower did not sign a waiver of delivery timing requirements. Reviewer Comment (2022-02-08): Acknowledgement of Receipt of Appraisal signed by the borrower at closing confirms the receipt of Appraisal within 3 days prior to closing. Exception cleared.


Seller Comment (2022-02-07): TIL HPML Receipt of Appraisal condition cleared, "Evidence of appraisal delivery provided."   Please advise if the following condition is also satisfied.
 02/08/2022 1 A FL Primary Refinance - Cash-out - Other C A A A C A A A Non QM Non QM No
216394863 437221630 23792203 Compliance Compliance State Compliance Misc. State Level Ohio Consumer Sales Practices Act (No Documentation of Tangible Net Benefit Analysis) [redacted] Consumer Sales Practices Act: Mortgage loan file does not contain documentation of the analysis of the borrower's reasonable tangible net benefit. Reviewer Comment (2022-02-03): TNB Disclosure provided in trailing documents. Exception cleared.


Seller Comment (2022-02-02): Tangible benefit
 02/03/2022 1 A OH Primary Refinance - Cash-out - Other C A C A B A A A Non QM Non QM No
216394863 437221630 23813099 Credit Credit Miscellaneous Guideline Credit Exception: 12/06/2021 1 A OH Primary Refinance - Cash-out - Other C A C A B A A A Non QM Non QM No
216395107 437220393 23796029 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003 The final signed 1003 was not provided in file. Reviewer Comment (2021-11-24): Client provided Final 1003.


Seller Comment (2021-11-21): Final 1003 uploaded.
 11/24/2021 1 A CA Investment Purchase D A D A A A No
216395107 437220393 23796030 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Assignment of Leases/Rents not provided The file is missing the Security Instrument and the [redacted]. Reviewer Comment (2021-11-24): Client provided 1-4 Family Rider (Assignment of Rents).


Seller Comment (2021-11-21): Copy of Note uploaded.


Seller Comment (2021-11-21): Final 1003 uploaded.


Seller Comment (2021-11-21): Copy of Assignment of Lease uploaded.
 11/24/2021 1 A CA Investment Purchase D A D A A A No
216395107 437220393 23796031 Credit Missing Document General Missing Document Missing Document: HUD/CD not provided Provide final CD for documentation purposes. Reviewer Comment (2021-11-24): Client provided Final CD.


Seller Comment (2021-11-21): Final CD sand PCCD uploaded.


Seller Comment (2021-11-21): Copy of Note, Final CD and PCCD uploaded.
 11/24/2021 1 A CA Investment Purchase D A D A A A No
216395107 437220393 23796032 Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided Provide the fully executed Note and any Note addendums, including the PPP addendum per the Rate Lock, which are missing from the file. Reviewer Comment (2021-11-24): Client provided copy of Note.
 11/24/2021 1 A CA Investment Purchase D A D A A A No
216395107 437220393 23796033 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided The Security Instrument and all required riders was missing from file.  Please provide. Reviewer Comment (2021-11-24): Client provided copy of Deed of Trust.


Seller Comment (2021-11-21): Final 1003 uploaded.


Seller Comment (2021-11-21): Copy of DOT uploaded.
 11/24/2021 1 A CA Investment Purchase D A D A A A No
216395107 437220393 23796044 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2021-12-01): Client provided Business Purpose Certificate.


Seller Comment (2021-11-29): The BPL form was uploaded on xx/xx. Re-uploaded today.


Reviewer Comment (2021-11-24): The Business Purpose Certificate was not provided.  The exception stands.


Seller Comment (2021-11-21): Final 1003 uploaded.


Seller Comment (2021-11-21): Copy of Business Purpose cert uploaded.
 12/01/2021 1 A CA Investment Purchase D A D A A A No
216395107 437220393 23796064 Credit Insurance Insurance Analysis Insurance The Hazard Insurance Policy effective date is after the Note Date. UTD actual note date due to missing Note and actual disbursement date due to missing final CD. Provide Note and final CD to determine if effective date is acceptable. Reviewer Comment (2021-11-24): Client provided copy of Note dated xx/xx/xxurance effective date of xx/xx/xxceptable.


Seller Comment (2021-11-21): Copy of Note, Final CD and PCCD uploaded.
 11/24/2021 1 A CA Investment Purchase D A D A A A No
216395107 437220393 23796065 Credit Title Document Error Title There is no dollar amount noted on the title policy. There is no policy amount on the title policy and the file is missing final Closing or Escrow Instructions. Reviewer Comment (2021-11-24): Client provided Final Title Policy with coverage in the amount of $xxx.


Seller Comment (2021-11-22): Copy of Prelim report reflecting $xxx loan amount uploaded.
 11/24/2021 1 A CA Investment Purchase D A D A A A No
216395107 437220393 23796066 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. The final policy was not provided in file. Reviewer Comment (2021-11-24): Client provided Final Title Policy.
 11/24/2021 1 A CA Investment Purchase D A D A A A No
216395107 437220393 23796068 Credit Investment Product General Exception Investment Product Security Instrument Error: Assignment of Leases/Rents is not in the file and required by guidelines - The Security Instrument and the [redacted] are missing from the file. Reviewer Comment (2021-11-24): Client provided copy of Deed of Trust and 1-4 Family Rider.


Seller Comment (2021-11-21): Copy of Note, Final CD and PCCD uploaded.


Seller Comment (2021-11-21): Security Instrument and Lease Agreement uploaded.
 11/24/2021 1 A CA Investment Purchase D A D A A A No
216395311 437220437 23796142 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure:[redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $XXX exceeds tolerance of $XXX Sufficient or excess cure was provided to the borrower at Closing. Appraisal Fee exceeds guideline tolerance without a valid COC. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2021-11-17): Sufficient Cure Provided At Closing
 11/17/2021 1 A CA Primary Refinance - Rate/Term Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
216395311 437220437 23827408 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [redacted] of XXX,xx on Final Closing Disclosure provided on XXXXX/XX/XX accurate. Annual taxes are $XXX,xx, and hazard is XXX.xx, which totals $XXX,xx for Amount of Estimated Property Costs over Year [redacted], not the $XXX,xx used on the final CD. Please provide corrected CD with evidence it was sent to the borrower with an explanation, or corrected supporting escrow documentation. Reviewer Comment (2021-11-24): xxx Received PCCD and LOE.


Seller Comment (2021-11-23): LOE and PCCD uploaded.
 11/24/2021 2 B CA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
216400312 437220374 23805705 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. Survey Fee of [redacted] exceeds the [redacted] Percent Tolerance by [redacted]. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changed made, or VCC. Reviewer Comment (2022-02-28): [Redact] received Corrected PCCD, Letter of Explanation, Copy of Refund check & Proof of mailing.


Seller Comment (2022-02-24): see attached
 02/28/2022 2 B FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216400312 437220374 24890502 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower. XXXX received corrected PCCD, Letter of explanation, copy of refund check & Proof of mailing Reviewer Comment (2022-02-28): Sufficient Cure Provided within 60 Days of Closing
 02/28/2022 1 A FL Primary Purchase C B A A C B A A Non QM Non QM Yes
216401701 437220344 23817589 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2021-12-22): Business Purpose Certificate provided. Exception cleared.


Seller Comment (2021-12-19): Non QM Form
 12/22/2021 1 A MA Investment Purchase C A C A A A No
216401704 437220272 23876817 Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. File missing a fully completed and signed VOR or the most recent [redacted] months' consecutive cancelled checks Reviewer Comment (2022-01-18): 12 months payment history and lease provided


Reviewer Comment (2021-12-13): A copy of the lease was provided.  This does not clear this exception.  If the applicants rent from a professional management company, a fully completed and signed VOR may be utilized.  If applicants rent from a private landlord, the most recent 12 months' consecutive cancelled checks (front and back) along with a copy of the lease must be provided.


Seller Comment (2021-12-09): VOR Documentation
 01/18/2022 1 A CA Primary Purchase C A C A A A A A Non QM Non QM No
216401705 437220296 23875968 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank [redacted]): Creditor did not provide List of Homeownership Counseling Organizations to borrower. Reviewer Comment (2021-12-08): Seller acknowledges exception.
 12/08/2021 2 B CA Primary Refinance - Cash-out - Other C B B B C B A A Non QM Non QM No
216401705 437220296 23875979 Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Please provide to verify valid changes in fees. Reviewer Comment (2022-01-27): [Redact] received Settlement Service Providers List.
 01/27/2022 1 A CA Primary Refinance - Cash-out - Other No Defined Cure C B B B C B A A Non QM Non QM No
216401705 437220296 23875982 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:[redacted] Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. Please send in SSPL. Unable to determine allocation of fees to providers and determine if the fee addition is acceptable or requires cure. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-01-27): [Redact] received Settlement Service Providers List.


Seller Comment (2022-01-26): Servicers Providers list
 01/27/2022 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C B A A Non QM Non QM Yes
216401705 437220296 23876047 Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Timing ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [redacted] days of the loan application date. Disclosure on initial LE included in the file is dated [redacted]. Initial LE date on or about [redacted] (application date) not included in file. Intent to proceed also not include in file verifying borrower's intent date. Reviewer Comment (2021-12-08): Seller acknowledges this exception.
 12/08/2021 2 B CA Primary Refinance - Cash-out - Other C B B B C B A A Non QM Non QM Yes
216401705 437220296 23876048 Compliance Compliance Federal Compliance TRID Defect TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within [redacted] business days of application. No proof borrower received initial LE within [redacted] days of application. Only LE included in the file is dated [redacted]. Initial LE date on or about [redacted] (application date) not included in file. Intent to proceed also not included in file verifying borrower's intent date. Reviewer Comment (2022-02-09): [Redact] received the initial LE, exception is cleared.


Seller Comment (2022-02-08): Initial LE and Intent to proceed dated xx/xx.
 02/09/2022 1 A CA Primary Refinance - Cash-out - Other No Defined Cure C B B B C B A A Non QM Non QM No
216401705 437220296 23877799 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [redacted] exceeds tolerance of[redacted]. Insufficient or no cure was provided to the borrower. Lender cure of [redacted] provided at closing to accommodate the fee tolerance being exceeded. Reviewer Comment (2022-01-27): [Redact]: Suffcient cure provided at closing.


Seller Comment (2022-01-26): Please See PCCD Provided with initial upload Dated[Redact] - $1.91 was included in the Lenders cost to cover the increased Closing Cost.
 01/27/2022 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C B A A Non QM Non QM Yes
216401705 437220296 23896014 Credit Credit Miscellaneous Guideline Credit Exception: Excessive NSFs on the borrower's bank statements. The qualifying DTI on the loan is at least xx% less than the guideline maximum.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive. Owner

Originator,Owner

Owner

Owner

Owner		 Reviewer Comment (2021-11-29): Lender Exception with Comp Factors provided for regrade and waive.
 11/29/2021 2 B CA Primary Refinance - Cash-out - Other C B B B C B A A Non QM Non QM No
216401705 437220296 24613433 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $xx.xx exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. XXXX: Suffcient cure provided at closing. Reviewer Comment (2022-01-27): Sufficient Cure Provided At Closing
 01/27/2022 1 A CA Primary Refinance - Cash-out - Other Final CD evidences Cure C B B B C B A A Non QM Non QM Yes
216401708 437220325 23815741 Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Timing ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. Provide evidence of earlier receipt, within [redacted] days of the Application date. Reviewer Comment (2021-12-08): Seller acknowledges this exception.
 12/08/2021 2 B CA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM Yes
216401708 437220325 23815745 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application RESPA Disclosure Rule (Dodd-Frank [redacted]): List of Homeownership Counseling Organizations not provided to applicant within [redacted] business days of application. Evidence of earlier borrower receipt was not found in file. Reviewer Comment (2021-12-08): Seller acknowledges exception.
 12/08/2021 2 B CA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216401708 437220325 23815746 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within [redacted] business days of application. Evidence of earlier borrower receipt was not found in file. Reviewer Comment (2022-01-26): [Redact] received documentation of actual receipt date.  Exception cleared.


Seller Comment (2022-01-24): Attestation re Federal Holiday


Reviewer Comment (2022-01-24): [Redact] Need Lender attestation regarding holiday schedule to determine.


Seller Comment (2022-01-21): 1003 application was dated xx/xx/xxxx.  xx/xx/xxxx was a federal holiday (4th of [Redact] since [Redact] fell on a xxxx in [Redact]).  [Redact] offices were closed on xx/xx in observance of the holiday.  Initial LE was sent within 3 business days of the following day xx/xx.  Please clear this condition.
 01/26/2022 1 A CA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216401708 437220325 23839985 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least [redacted] days prior to closing. Reviewer Comment (2021-12-08): Seller acknowledges exception.
 12/08/2021 2 B CA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216401708 437220325 23840057 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Loan designation failure is due to ATR failure. The exception will be cleared once all ATR specific exceptions have been cleared/cured. Reviewer Comment (2022-01-26): Client provided VOE for Schedule C income - verified through CPA.


Seller Comment (2022-01-25): VVOE for Sch C
 01/26/2022 1 A CA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status C B A A C B A A Non QM Non QM Yes
216401708 437220325 23840058 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - Schedule C Test Ability-to-Repay (Dodd-Frank [redacted]): Unable to verify current Sole Proprietorship status using reasonably reliable third-party records. Third Party Verification was not provided Reviewer Comment (2022-01-26): Client provided VOE for Schedule C income - verified through CPA.


Seller Comment (2022-01-24): VVOE for Sch C
 01/26/2022 1 A CA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216401708 437220325 23840059 Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied. Third Party Verification was not provided Reviewer Comment (2022-01-26): Client provided VOE for Schedule C income - verified through CPA.
 01/26/2022 1 A CA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216403961 437220376 23876733 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Reviewer Comment (2021-12-14): Client Provided Final Inspection/442 dated xx/xx/xxperty did not suffer damage from remnants of [Redact].


Seller Comment (2021-12-09): DAIR and appraisal ack
 12/14/2021 1 A NY Primary Purchase C B C A B B A A Non QM Non QM No
216403961 437220376 23879377 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank [redacted]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. Provide all appraisals and evidence they were all sent to the borrower at least [redacted] days prior to closing. Reviewer Comment (2022-02-08): Aggregator elects to waive.


Reviewer Comment (2021-12-14): The appraisal report was signed by the appraiser on xx/xx/xx provide the appraisal delivery document for this appraisal report.


Seller Comment (2021-12-09): DAIR and appraisal ack
 02/08/2022 2 B NY Primary Purchase C B C A B B A A Non QM Non QM No
216403961 437220376 23879378 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for HOA/Condo Questionnaire. Fee Amount of $XX,xx exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2021-11-24): Sufficient Cure Provided At Closing
 11/24/2021 1 A NY Primary Purchase Final CD evidences Cure C B C A B B A A Non QM Non QM Yes
216403961 437220376 23879379 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure:[redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $XXX,xx exceeds tolerance of $XXX,xx. Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2021-11-24): Sufficient Cure Provided At Closing
 11/24/2021 1 A NY Primary Purchase Final CD evidences Cure C B C A B B A A Non QM Non QM Yes
216406309 437220306 23863948 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. Appraisal fee increased from amount reflected on Loan Estimate. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Insufficient, undesignated cure of[redacted] on Final CD. Reviewer Comment (2022-01-20): [Redact] received valid COC dated [Redact] with reason why the Appraisal Fee was increased on the CD dated [Redact] hence after review the exception was cleared.


Seller Comment (2022-01-20): Please see COC for appraisal
 01/20/2022 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
216406309 437220306 23863949 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Insufficient, undesignated cure of [redacted] on Final CD. Reviewer Comment (2022-03-01): [Redact]  Rcvd an Email confirmation from the borrower thathe has received the Check. PCCD, LOE and copy of check is already available on file. Exception cleared.


Seller Comment (2022-02-28): Borrower Email Confirmation receipt of Check


Reviewer Comment (2022-02-17): [Redact] upon further review require email confirmation from borrower that he received the copy of check. Please provide borrower email confirmation.


Seller Comment (2022-02-16): borrower travels frequently and does not check emails.


Reviewer Comment (2022-02-16): [Redact] received attestation letter as proof of delivery which does not confirmed but the borrower, we need confirmation from borrower that they have received the refund check. Please provide the same. Exception remains.


Seller Comment (2022-02-15): Please see Attestation Letter for cure funds received by borrower.


Reviewer Comment (2022-01-24): [Redact] Agree we received PCCD, Copy of Check and LOE for the Cure of $41.50 however we need Proof of mailing to confirm whether borrower received the copy of check or not. Exception Remains.


Seller Comment (2022-01-21): PCCD, letter to borrower and copy of the check all already - Please clear.. We have been going back a fourth with this and needs to be cleared today.


Reviewer Comment (2022-01-21): [Redact] upon further review received copy of check however we didn't received LOE and proof of mailing. Please provide proof of mailing like tracking number and LOE which was provided with PCCD.


Seller Comment (2022-01-20): Copy of refund check. confirmation mailed -  copy of borrower letter was provided with PCCD already


Reviewer Comment (2022-01-20): [Redact] upon review cure is provided for $41.50 on PCCD dated 0xx/xx however we require copy of check and proof of mailing or final settlement statement to verify the same.


Seller Comment (2022-01-20): The PCCD dated xx/xx was provided with the initial upload to xxxx addressing the $41.50 cure. Please review and waive conditions..
 03/01/2022 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
216406309 437220306 24547647 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower. Reviewer Comment (2022-01-20): Sufficient Cure Provided within 60 Days of Closing
 01/20/2022 1 A CA Primary Refinance - Cash-out - Other C A A A C A A A Non QM Non QM Yes
216407012 437220926 23819463 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank [redacted]: Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. Provide all appraisals and evidence they were all sent to the borrower at least [redacted] days prior to closing. Reviewer Comment (2021-12-21): The aggregator is electing to waive without comp factors


Seller Comment (2021-12-17): Seller requests buyer review: Please waive the exception with no grade change
 12/21/2021 2 B AR Primary Purchase B B A A B B A A Non QM Non QM No
216410340 437220295 23876071 Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file. The file was missing a copy of the final title policy. Reviewer Comment (2022-01-03): Client provided title commitment; exception for final title policy has been re-set.


Seller Comment (2022-01-03): Title Commitment Provided


Reviewer Comment (2022-01-03): The file is missing both the Preliminary and the Final Title Policy.  Provide a copy of the Preliminary Title Report or Title Commitment.


Seller Comment (2021-12-30): Final Title will be delivered with recorded DOT- This is not a requirement for purchase but is a Post Purchase document. Please clear the conditions.
 01/03/2022 1 A CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216410340 437220295 23876777 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least [redacted] days prior to closing. Reviewer Comment (2021-12-08): Seller acknowledges exception.
 12/08/2021 2 B CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216410340 437220295 23876779 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. File is missing the VVOE for the co borrower, loan is waterfalling to standard ATR/QM documentation requirements Reviewer Comment (2021-12-17): VVOE dated xx/xx/xx provided for Co-Borrower.


Seller Comment (2021-12-13): Missing VVOE provided
 12/17/2021 1 A CA Primary Refinance - Rate/Term Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM Yes
216410340 437220295 23876780 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - W-2 Ability to Repay (Dodd-Frank [redacted]): Unable to verify current Wages/W-2 employment status using reasonably reliable third-party records. File is missing the VVOE for the co borrower dated within [redacted] days of closing. Reviewer Comment (2021-12-17): VVOE dated xx/xx/xx provided for Co-Borrower.


Seller Comment (2021-12-13): Missing VVOE provided
 12/17/2021 1 A CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216410340 437220295 23876781 Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied. File is missing the VVOE, loan is waterfalling to standard ATR/QM exceptions. Reviewer Comment (2021-12-17): VVOE dated xx/xx/xx provided for Co-Borrower.
 12/17/2021 1 A CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216410340 437220295 23876867 Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within 10 business days of the Note. - Reviewer Comment (2021-12-17): VVOE for Co-Borrower dated x/xx provided.


Seller Comment (2021-12-13): Missing VVOE provided
 12/17/2021 1 A CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216410340 437220295 23879773 Credit Income / Employment Income Documentation Income / Employment The verification of employment is required and was not found in file. - Reviewer Comment (2021-12-17): VVOE for Co-Borrower dated x/xx provided.


Seller Comment (2021-12-13): Missing VVOE provided
 12/17/2021 1 A CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216410340 437220295 23895917 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted]  Sufficient or excess cure was provided to the borrower. Cure provided. Reviewer Comment (2021-11-29): Sufficient Cure Provided within 60 Days of Closing
 11/29/2021 1 A CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM Yes
216410341 437220301 23838566 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - The underwriter's income calculation worksheet is not in imaging Reviewer Comment (2021-12-16): UW income analysis worksheet provided


Seller Comment (2021-12-10): Income Worksheet uploaded
 12/16/2021 1 A CA Primary Refinance - Rate/Term C B C A A A B B Non QM Non QM No
216410341 437220301 23838666 Credit System General System Borrower 1003 current address does not match Note address. - The Address on the note is [redacted] the final 1003 shows the borrowers current address as [redacted] please provide an updated final 1003 with the address corrected Reviewer Comment (2021-12-16): Updated final 1003 provided correcting the address city to xxxx.


Seller Comment (2021-12-10): updated 1003 uploaded


Seller Comment (2021-12-10): Income worksheet


Seller Comment (2021-12-10): updated 1003
 12/16/2021 1 A CA Primary Refinance - Rate/Term C B C A A A B B Non QM Non QM No
216410341 437220301 23838767 Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Appraisal is required to be in name of Lender - There is no appraisal transfer letter in imaging the lender showing on the appraisal is xxx please provide a appraisal transfer letter or a corrected appraisal. Reviewer Comment (2021-12-08): Seller acknowledges this exception.
 12/08/2021 2 B CA Primary Refinance - Rate/Term C B C A A A B B Non QM Non QM No
216412921 437220292 23855334 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-01-26): Received Non-QM Business Purpose Certification.  Exception is cleared.


Seller Comment (2022-01-23): business Purpose Cert
 01/26/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
216412921 437220292 23879762 Credit Credit Miscellaneous Guideline Credit Exception: The final CD is missing page 3 of 5. Please provide. Reviewer Comment (2022-01-31): Client provided complete copy of signed Final CD.


Seller Comment (2022-01-27): All pages of CD from closing
 01/31/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
216413120 437221143 23858321 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Reviewer Comment (2021-12-22): PDI dated xx/xx/xx provided verifying subject property did not sustain any disaster related damage. Exception cleared.


Reviewer Comment (2021-12-08): Sxxx has ordered a PDI.


Reviewer Comment (2021-11-30): The Lender Certification & Property Inspection is not an acceptable document. Per direction from xxx, provide the Affidavit of No Damage executed by all parties as well as date/time stamped photos of the front, rear and street).  The affidavit includes verbiage that the borrower holds harmless the lender and waives all claims which they might have against lender and/or ISAOA.  Affidavit is to be signed by the Borrower, Seller and Real Estate Agents if applicable.  Signatures are to be notarized.


Seller Comment (2021-11-29): see attached
 12/22/2021 1 A NY Investment Purchase C A C A A A No
216414037 437220428 23853512 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Guarantor Agreement not provided Reviewer Comment (2022-01-19): Borrower signed individually


Seller Comment (2022-01-19): Loan closed in LLC borrower signed individually - Please Clarify condition?


Reviewer Comment (2021-12-16): Note is signed by members individually and as an officer of the company, however the Guarantor Agreement is a required document when loan closed in the business entity name.


Seller Comment (2021-12-08): The borrower signed Note Individually
 01/19/2022 1 A CA Investment Purchase D A D A A A A A N/A Exempt from ATR No
216414037 437220428 23878890 Credit Credit Miscellaneous Guideline Credit Exception: Please provide corrected 1003 to reflect the co borrower as having ownership interest and income from the business as the stock certificates in the file indicate the co borrower owns [redacted] of the company. Reviewer Comment (2021-12-16): Updated 1003s provided as requested


Seller Comment (2021-12-10): Corrected Final 1003
 12/16/2021 1 A CA Investment Purchase D A D A A A A A N/A Exempt from ATR No
216414192 437220355 23855257 Credit System General System Flood Certificate Subject Address does not match Note address. Reviewer Comment (2021-12-03): Received corrected flood cert. Cleared.


Seller Comment (2021-12-02): see attached
 12/03/2021 1 A NY Investment Purchase C B C A B B A A N/A Exempt from ATR No
216414192 437220355 23882602 Credit Credit Miscellaneous Guideline Credit Exception: Loan file contains [redacted] months of account statements for #xxxx (X/XX-X/XX). PLease provide April and May XXXX to total [redacted] months of statements as required by the Guidelines. Reviewer Comment (2022-01-05): Client provided documentation showing $xxx deposit to [Redact] on xx/xx/xx from [Redact].  Assets documented for period of six months.


Seller Comment (2022-01-04): see attached
 01/05/2022 1 A NY Investment Purchase C B C A B B A A N/A Exempt from ATR No
216414192 437220355 23882630 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least [redacted] days prior to closing. Reviewer Comment (2021-12-02): Seller elects to acknowledge this exception.
 12/02/2021 2 B NY Investment Purchase C B C A B B A A N/A Exempt from ATR No
216419780 437220923 23877851 Credit Asset Asset Documentation Asset Assets Error: Borrower  was not provided - The Borrower has no ownership interest in any of the funds used for closing.  Per guidelines, borrower must have their own funds into the transaction.  Gifts are allowed with the borrower having at least [redacted] of their own funds into the transaction. A gift letter was not provided and borrower does not have their own assets provided in file. A Lender Exception was in file to allow the use of these assets. The representative FICO score exceeds the guideline minimum by at least xx points.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.		 Lender Exception with Comp Factors provided for regrade and waive. Originator,Owner

Owner		 Reviewer Comment (2021-11-29): Lender Exception with Comp Factors provided for regrade and waive.
 11/29/2021 2 B NY Investment Purchase B B B B A A No
216419870 437220498 23879067 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Provide verification the business is currently active. Reviewer Comment (2021-12-14): Client provided Business Entity Detail Search that shows business is active.


Seller Comment (2021-12-08): Copy of Business Entity Details reflecting "Active" is uploaded.


Reviewer Comment (2021-12-08): Third party verification of business verifying business is currently active and/or in good standing per state reporting. CPA letter does not verify either. Exception remains.


Seller Comment (2021-12-05): CPA Letter uploaded.
 12/14/2021 1 A CA Investment Purchase C A C A A A A A N/A Exempt from ATR No
216419870 437220498 23879096 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - The file is missing the other documentation to confirm the PITIA for the Borrower's primary residence. Provide verification of additional payment of approximately $XXX,xx/month. Reviewer Comment (2021-12-08): HOA payment provided. Exception cleared.


Seller Comment (2021-12-05): CPA Letter uploaded.


Seller Comment (2021-12-05): Primary Residence additional documentation to confirm PITIA uploaded.
 12/08/2021 1 A CA Investment Purchase C A C A A A A A N/A Exempt from ATR No
216419872 437220419 23865362 Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided Reviewer Comment (2021-12-22): Client provided copy of signed Note.


Seller Comment (2021-12-19): Note and Note Addendum
 12/22/2021 1 A FL Investment Refinance - Rate/Term D A D A A A No
216419872 437220419 23865388 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided Reviewer Comment (2021-12-22): Client provided copy of signed Mortgage.


Seller Comment (2021-12-19): Deed and all riders
 12/22/2021 1 A FL Investment Refinance - Rate/Term D A D A A A No
216419872 437220419 23865393 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - 1-4 Family not provided Reviewer Comment (2021-12-22): Client provided copy of signed 1-4 Family Rider.


Seller Comment (2021-12-19): 1-4 rider uploaded with deed and prepayment rider
 12/22/2021 1 A FL Investment Refinance - Rate/Term D A D A A A No
216419872 437220419 23865417 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Title Preliminary not provided Reviewer Comment (2021-12-22): Client provided title commitment.


Seller Comment (2021-12-19): xx Property


Seller Comment (2021-12-19): Title and Tax Bill
 12/22/2021 1 A FL Investment Refinance - Rate/Term D A D A A A No
216419872 437220419 23865478 Credit Loan Package Documentation Loan File Missing Document  Missing Document: Hazard Insurance Policy not provided Reviewer Comment (2021-12-22): Client provided insurance document.


Seller Comment (2021-12-19): Hazard Insurance
 12/22/2021 1 A FL Investment Refinance - Rate/Term D A D A A A No
216419872 437220419 23865639 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Assignment of Leases/Rents not provided Reviewer Comment (2021-12-22): Client provided copy of signed 1-4 Family Rider.


Seller Comment (2021-12-19): Proof of Rental Agreement not needed if borrower was approved with full payment. Please be clear on supporting documentation that is being asked for?
 12/22/2021 1 A FL Investment Refinance - Rate/Term D A D A A A No
216419872 437220419 23865647 Credit Missing Document General Missing Document Missing Document: HUD/CD not provided Reviewer Comment (2021-12-22): Client provided copy of signed Final CD.


Seller Comment (2021-12-19): All CD's
 12/22/2021 1 A FL Investment Refinance - Rate/Term D A D A A A No
216419872 437220419 23865664 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided Reviewer Comment (2021-12-22): Client provided completed USA Patriot Act Information Form showing identification was verified using State Issued Driver License from the state of xxx.


Seller Comment (2021-12-19): Patriot Act Information Form
 12/22/2021 1 A FL Investment Refinance - Rate/Term D A D A A A No
216419872 437220419 23865751 Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file. Reviewer Comment (2021-12-22): Client provided title commitment.


Seller Comment (2021-12-19): Title and Tax Bill provided
 12/22/2021 1 A FL Investment Refinance - Rate/Term D A D A A A No
216419872 437220419 23865810 Credit Investment Product General Exception Investment Product Security Instrument Error: Assignment of Leases/Rents is not in the file and required by guidelines - Reviewer Comment (2021-12-22): Client provided copy of signed 1-4 Family Rider.


Seller Comment (2021-12-19): Proof of Rental Agreement not needed if borrower was approved with full payment. Please be clear on supporting documentation that is being asked for?
 12/22/2021 1 A FL Investment Refinance - Rate/Term D A D A A A No
216419872 437220419 23879185 Credit Fix and Flip General Fix and Flip The Non-Owner Occupied Certification was not signed by all required borrowers and thus casts doubt on the business purpose of the loan. Please forward the singed copy of the Occupancy Cert. Reviewer Comment (2021-12-22): Client provided signed Business Purpose Certificate.


Seller Comment (2021-12-19): Non - QM Borrower Affirmation & Cert
 12/22/2021 1 A FL Investment Refinance - Rate/Term D A D A A A No
216419872 437220419 23879224 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003 Reviewer Comment (2021-12-22): Client provided copy of signed Final 1003.


Seller Comment (2021-12-19): Final Application
 12/22/2021 1 A FL Investment Refinance - Rate/Term D A D A A A No
216419873 437220421 23872374 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Spousal Consent Form not provided Reviewer Comment (2021-12-22): Client provided copy of Quit Claim Deed.


Seller Comment (2021-12-19): Grant Deed and QuitClaim Deed
 12/22/2021 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216419873 437220421 23878466 Credit Fix and Flip General Fix and Flip The Non-Owner Occupied Certification was not signed by all required borrowers and thus casts doubt on the business purpose of the loan. Please forward the signed copy of the Occupancy Cert and/or Business Purpose Cert. Reviewer Comment (2021-12-22): Client provided copy of signed Business Purpose Certificate.


Seller Comment (2021-12-19): Non-QM Borrower  Business Cert
 12/22/2021 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216419876 437220408 23869988 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2021-12-21): Client provided Business Purpose Certificate.


Seller Comment (2021-12-19): Non-Owner Occupied Cert
 12/21/2021 1 A CA Investment Refinance - Rate/Term C A C A A A No
216419876 437220408 23869993 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Spousal Consent Form not provided Reviewer Comment (2022-01-18): Client provided copy of email from title company stating an interspousal consent would not have been a requirement because this was a refinance where xxx was already in title as xxx.


Seller Comment (2022-01-14): Please see email from Title stating refi - wass already in title as Trustee, interspousal deed not required.


Reviewer Comment (2022-01-06): Spousal Consent is required in Community Property State.  See comment from xx/xx/xx clarification of exception.


Seller Comment (2022-01-05): Spousal Consent form is not  needed, refinance and closed in a Trust. Please waive the conditions. Thank You!


Reviewer Comment (2021-12-21): A Spousal Consent Form is required in community property states.  The consent form states the spouse is aware of and consents to the transaction.  An Interspousal Transfer Deed is also acceptable.


Seller Comment (2021-12-20): Please  Clarify Spousal Consent Form?
 01/18/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
216420003 437221370 23886091 Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided Current Lease was mentioned in file and was used by the UW for the [redacted] Calculator but was not provided in file. Reviewer Comment (2022-03-15): Borrower attestation and single family rent schedule support rental income calculation for subject property.


Reviewer Comment (2021-12-29): Per [Redact] GLs, Applicant must provide leases in place. Exception remains.


Seller Comment (2021-12-23): No lease is needed, attached income worksheet to show that current market rent was used to calculate
 03/15/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
216420003 437221370 23886097 Credit Investment Product General Investment Product REO property does not have a lease in place and required by guidelines. - Current Lease was mentioned in file and was used by the UW for the DSCR Calculator but was not provided in file. Reviewer Comment (2022-03-15): Borrower attestation and single family rent schedule support rental income calculation for subject property.


Seller Comment (2022-03-11): LOX from owner validating monthly rent.


Reviewer Comment (2021-12-29): Per [Redact] GLs, Applicant must provide leases in place. Exception remains.


Seller Comment (2021-12-23): No lease is needed, attached income worksheet to show that current market rent was used to calculate
 03/15/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
216420004 437221390 23875251 Credit Missing Document General Missing Document Missing Document: Cash-Out Utilization not provided Reviewer Comment (2021-12-17): Cash out refinance purpose letter provided. Exception cleared


Seller Comment (2021-12-16): LOE regarding cash out
 12/17/2021 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216420004 437221390 23875254 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Spousal Consent Form not provided Reviewer Comment (2022-03-09): Interspousal deed accepted, spouse signed


Reviewer Comment (2021-12-17): The Interspousal Transfer Deed that was provided is dated [Redact].  We need a Spousal Consent Form that is dated to coincide with this transaction.  A deed for a prior transaction is not acceptable.


Seller Comment (2021-12-14): Interspousal transfer deed
 03/09/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216420262 437221142 23863365 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - xxx business bank statements for account number xxxx dated xx/xx/xxxx is not included in the file. Provide the missing statement to complete the [redacted] consecutive months to satisfy guideline requirement. Reviewer Comment (2021-12-02): Client provided [Redact] statement for account [Redact] for the period of xx/xx/xx to xx/xx/xx.


Reviewer Comment (2021-12-02): Client provided [Redact] statement for account xxx for the period of xx/xx/xx to xx/xx/xx.


Seller Comment (2021-11-30): See attached
 12/02/2021 1 A NY Primary Purchase C A C A B A A A Non QM Non QM No
216420262 437221142 23863622 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		 Most Recent Valuation Inspection Date: [redacted]          
Disaster End Date: [redacted]
Disaster Name: [redacted]
Disaster Declaration Date: [redacted]		 Reviewer Comment (2022-01-24): Received corrected PDI from inspector, not in a gated community.


Reviewer Comment (2021-12-21): PDI completed however the inspector was not able to view the property, it was a gated community and he was not allowed access.


Reviewer Comment (2021-12-08): Sxxxx has ordered a PDI.


Reviewer Comment (2021-12-01): The Lender Certification & Property Inspection is not a valid document to clear the exception.  Per direction from [Redact], provide the Affidavit of No Damage executed by all parties as well as date/time stamped photos of the front, rear and street).  The affidavit includes verbiage that the borrower holds harmless the lender and waives all claims which they might have against lender and/or ISAOA.  Affidavit is to be signed by the Borrower, Seller and Real Estate Agents if applicable.  Signatures are to be notarized.


Seller Comment (2021-11-30): See attached
 01/24/2022 1 A NY Primary Purchase C A C A B A A A Non QM Non QM No
216420262 437221142 23863628 Credit Missing Document General Missing Document Missing Document: Bank Statements - Business not provided xxx business bank statements for account number xxxx dated xx/xx/xxxx is not included in the file. Provide the missing statement to complete the [redacted] consecutive months to satisfy guideline requirement. Reviewer Comment (2021-12-02): Client provided [Redact] statement for account [Redact] for the period of xx/xx/xx to xx/xx/xx.


Seller Comment (2021-11-30): See attached
 12/02/2021 1 A NY Primary Purchase C A C A B A A A Non QM Non QM No
216420262 437221142 23864149 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $xxx,xx exceeds tolerance of $xxx,xx.  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2021-11-23): Sufficient Cure Provided At Closing
 11/23/2021 1 A NY Primary Purchase Final CD evidences Cure C A C A B A A A Non QM Non QM Yes
216420262 437221142 23876415 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Provide all appraisals and evidence they were all sent to the borrower prior to closing. Reviewer Comment (2021-12-07): Client provided appraisal delivery document.


Seller Comment (2021-12-03): see attached
 12/07/2021 1 A NY Primary Purchase C A C A B A A A Non QM Non QM No
216420930 437220407 23864365 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided 12/20/2021 1 A TX Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216420930 437220407 23865648 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. 12/08/2021 2 B TX Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216420930 437220407 23865650 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Completed Loan Application Not  Provided At Least 1 Business Day Prior to Closing) xxxx Constitution Section [redacted]:  xxxx Cash-out Loan.  Borrower was not provided copy of Application [redacted] day prior to closing. Reviewer Comment (2022-02-02): Rate/Term refinance of  first mortgage that is not a [Redact] Cash Out Loan.  Second lien being paid off is on a [Redact] HELOC Security Instrument.
 02/02/2022 1 A TX Primary Refinance - Rate/Term Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. C B C A C B A A Non QM Non QM Yes
216420930 437220407 23865651 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (No evidence that borrower received copies of all documents signed at closing) xxxx Constitution Section [redacted]:  xxxx Cash-out Loan.   No evidence that borrower(s) received copies of all documents signed at time of closing. Reviewer Comment (2022-02-02): Rate/Term refinance of  first mortgage that is not a [Redact] Cash Out Loan.  Second lien being paid off is on a [Redact] HELOC Security Instrument.
 02/02/2022 1 A TX Primary Refinance - Rate/Term Either Deliver the required documents to the borrower or refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. C B C A C B A A Non QM Non QM Yes
216420930 437220407 23865652 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Loan closed prior to expiration of 12-day cooling off period) xxxx Constitution Section [redacted]: Loan closed prior to expiration of [redacted] cooling off period as required by Section [redacted] and Section [redacted]. Reviewer Comment (2022-02-02): Rate/Term refinance of  first mortgage that is not a [Redact] Cash Out Loan.  Second lien being paid off is on a [Redact] HELOC Security Instrument.
 02/02/2022 1 A TX Primary Refinance - Rate/Term Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. C B C A C B A A Non QM Non QM Yes
216420930 437220407 23865653 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Security Instrument did not disclose that loan is a Texas Home Equity Loan) xxxx Constitution Section [redacted]:  xxxx Cash-out Loan.   Security instrument does not disclose that the loan is a xxxx Home Equity/[redacted] Loan. Reviewer Comment (2022-02-02): Rate/Term refinance of  first mortgage that is not a [Redact] Cash Out Loan.  Second lien being paid off is on a [Redact] HELOC Security Instrument.
 02/02/2022 1 A TX Primary Refinance - Rate/Term Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. C B C A C B A A Non QM Non QM Yes
216420930 437220407 23865656 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Provided) xxxx Constitution Section [redacted]: Borrower did not receive written "Acknowledgment of the Fair Market Value" of homestead property securing loan. Reviewer Comment (2022-02-02): Rate/Term refinance of  first mortgage that is not a [Redact] Cash Out Loan.  Second lien being paid off is on a [Redact] HELOC Security Instrument.
 02/02/2022 1 A TX Primary Refinance - Rate/Term To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree.  Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. C B C A C B A A Non QM Non QM Yes
216420930 437220407 23865657 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Points and Fees Exceeds 2% of Original Principal Balance) xxxx Constitution Section [redacted]: Points and fees on subject loan of [redacted] is in excess of the allowable maximum of [redacted]% of the Original Principal Loan Amount. Points and Fees total $xx,xxx,xx on an Original Principal Loan Amount of [redacted] vs. an allowable total of $xx,xxx,xx (an overage of $xx,xxx,xx or [redacted].) Reviewer Comment (2022-02-02): Rate/Term refinance of  first mortgage that is not a [Redact] Cash Out Loan.  Second lien being paid off is on a [Redact] HELOC Security Instrument.
 02/02/2022 1 A TX Primary Refinance - Rate/Term Refund the borrower, or credit their account, an amount equal to any overcharge paid by the borrower. (Provide Proof of Delivery, LOE, and Copy of Check. [A servicing screen print can be provided in place of a check when a credit is applied to the borrowers account.]) C B C A C B A A Non QM Non QM Yes
216420930 437220407 23865660 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [redacted] business days of application. Initial Loan Estimate dated xx/xx/xx was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. Reviewer Comment (2022-02-04): [Redact] Received earliest E-Consent.


Seller Comment (2022-02-02): E-Consent
 02/04/2022 1 A TX Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216420930 437220407 23882927 Compliance Compliance State Compliance Misc. State Level (TX50(a)(6)) Texas Cash-out Loan (T-42 Endorsement Not Obtained) xxxx Constitution Section [redacted]: Acceptable [redacted] title insurance endorsements not obtained for home equity loan.  The loan file does not evidence the Title Policy includes the [redacted] [redacted] endorsement or the [redacted] endorsement. (The loan is a xxxx [redacted] home equity loan.) 12/08/2021 2 B TX Primary Refinance - Rate/Term The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation C B C A C B A A Non QM Non QM No
216420930 437220407 23882928 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Itemization of Points and Fees Not Provided) xxxx Constitution Section [redacted]: Final Itemized disclosure of fees, points, costs and charges not provided to borrower at least [redacted] business day prior to closing. Reviewer Comment (2022-02-02): Rate/Term refinance of  first mortgage that is not a [Redact] Cash Out Loan.  Second lien being paid off is on a [Redact] HELOC Security Instrument.
 02/02/2022 1 A TX Primary Refinance - Rate/Term Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. C B C A C B A A Non QM Non QM Yes
216420930 437220407 23882929 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Loan Not Closed At Office of Lender, Attorney, or Title Company) xxxx Constitution Section [redacted]:  Unable to determine if loan was closed at an authorized location due to missing documentation. 01/13/2022 2 B TX Primary Refinance - Rate/Term Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. C B C A C B A A Non QM Non QM No
216420930 437220407 23918935 Compliance Compliance State Compliance State Defect Texas 50(f)(2) Eligibility Loan does not meet [redacted] [redacted] conditions. Reviewer Comment (2022-02-02): Rate/Term refinance of  first mortgage that is not a [Redact] Cash Out Loan.  Second lien being paid off is on a [Redact] HELOC Security Instrument.
 02/02/2022 1 A TX Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216420933 437220297 23864833 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: XXXXX/XX/XX             
Disaster End Date: XXXXX/XX/XXaster Name: [redacted]
Disaster Declaration Date: XXX/XX/XX		 Reviewer Comment (2021-12-20): Client provided Post Disaster Inspection Report and photos dated xx/xx/xx property did not suffer damage from remnants of [Redact].


Seller Comment (2021-12-15): see attached
 12/20/2021 1 A NY Investment Refinance - Rate/Term C A C A A A A A N/A Exempt from ATR No
216420933 437220297 23916504 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - ___ Hazard insurance provided for property xxx, however, the policy premium is missing to calculate in DTI. Reviewer Comment (2021-12-22): Based on Method 1-1[Redact] of mortgage debt, policy premium is not required and condition has been met.
 12/22/2021 1 A NY Investment Refinance - Rate/Term C A C A A A A A N/A Exempt from ATR No
216421326 437220360 23875604 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided Reviewer Comment (2022-01-05): Client provided copy of Articles of Organization.


Seller Comment (2022-01-04): see LLC docs attached
 01/05/2022 1 A CT Investment Purchase C A C A A A No
216421326 437220360 23875613 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided Reviewer Comment (2022-01-05): Client provided Corporate Resolution.


Seller Comment (2022-01-04): see LLC docs attached
 01/05/2022 1 A CT Investment Purchase C A C A A A No
216421326 437220360 23875628 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided Reviewer Comment (2022-01-05): Client provided copy of Employer Identification Number from the IRS.


Seller Comment (2022-01-04): see LLC docs attached
 01/05/2022 1 A CT Investment Purchase C A C A A A No
216421326 437220360 23875630 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided Reviewer Comment (2022-01-05): Client provided copy of Operating Agreement.


Seller Comment (2022-01-04): see LLC docs attached
 01/05/2022 1 A CT Investment Purchase C A C A A A No
216421326 437220360 23875637 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Reviewer Comment (2022-01-10): Client provided Post Disaster Inspection Report and photos dated xx/xx/xxperty did not suffer damage from remnants of [Redact].


Seller Comment (2022-01-06): see attached
 01/10/2022 1 A CT Investment Purchase C A C A A A No
216421716 437221393 23886793 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Spousal Consent Form not provided Reviewer Comment (2022-03-25): Document provided [Redact]. Exception cleared [Redact]


Seller Comment (2022-03-23): Interspousal Transfer Deed


Seller Comment (2022-03-23): Grant Deed from [Redact] owner and spouse to BRW


Seller Comment (2022-03-23): Please find attached proof of grant deed from jt owner/interspousal tfr deed


Reviewer Comment (2021-12-17): Grant deed in file is from [Redact]. Require spousal consent for subject transaction. Exception remains.


Seller Comment (2021-12-14): Grant deed
 03/25/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216421716 437221393 23914346 Credit Credit Miscellaneous Guideline Credit Exception: Please provide clarification on the Prepayment Penalty. The loan contains [redacted] signed Addendums. One reflects [redacted] months interest and the other reflects [redacted]. Please provide Addendum associated with this transaction. Reviewer Comment (2021-12-17): Received verification that the six months interest prepayment penalty is the correct addendum.  Exception is cleared.


Seller Comment (2021-12-14): Attached is the correct set of documents.
 12/17/2021 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216421721 437220483 23893116 Credit Credit Miscellaneous Guideline Credit Exception: The Verification of Rent was not provided. Please forward the VOR's for [redacted] months of more. Reviewer Comment (2021-12-09): Canceled checks verifying rental history for xxx and xxx provided. Exception cleared.


Seller Comment (2021-12-05): VOR uploaded.
 12/09/2021 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216421744 437220920 23871974 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided 12/13/2021 1 A AZ Second Home Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216421744 437220920 23884936 Credit Insurance Insurance Analysis Insurance Insurance address does not match Note address. Reviewer Comment (2022-02-04): Updated policy reflecting unit number provided; exception cleared.


Seller Comment (2022-02-02): • HOI with the annual premium disclosed and confirming replacement cost coverage
 02/04/2022 1 A AZ Second Home Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216421759 437221391 23880578 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Missing the REO Statements. Reviewer Comment (2022-01-06): Client provided statement information for Other REO properties as requested.


Seller Comment (2022-01-05): REO docs
 01/06/2022 1 A CA Investment Refinance - Cash-out - Other C B C B B B A A N/A Exempt from ATR No
216421759 437221391 23891156 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - A XXXXX/XX/XX tax preparer letter or equivalent document verifying self-employment must be provided in all cases. Reviewer Comment (2021-12-16): CPA letter provided in trailing documents. Exception cleared.


Seller Comment (2021-12-14): CPA letter
 12/16/2021 1 A CA Investment Refinance - Cash-out - Other C B C B B B A A N/A Exempt from ATR No
216421759 437221391 23891184 Credit Title Document Error Title There is no dollar amount noted on the title policy. The amount of coverage must be equal to the face value of the loan amount Reviewer Comment (2021-12-23): Seller elects to waive this exception.


Seller Comment (2021-12-21): Seller requests buyer review: Please waive this exception with no grade change
 12/23/2021 2 B CA Investment Refinance - Cash-out - Other C B C B B B A A N/A Exempt from ATR No
216421759 437221391 23891996 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within [redacted] business days of application or determination of first lien status. Reviewer Comment (2021-12-23): Seller elects to waive this exception.


Seller Comment (2021-12-21): Seller requests buyer review: Please waive this exception with no grade change
 12/23/2021 2 B CA Investment Refinance - Cash-out - Other C B C B B B A A N/A Exempt from ATR No
216421772 437221358 23886729 Compliance Compliance State Compliance Misc. State Level Massachusetts Mortgage Lender and Broker Regulation (Ability to Repay not Verified) [redacted] Mortgage Lender and Broker Regulation:  File does not contain evidence that analysis of borrower's ability to repay was performed based on verified income, obligations, assets, and/or employment using PITI payment based on fully indexed rate and fully amortizing payment, if applicable Missing 1008 Reviewer Comment (2022-01-31): Seller elects to waive this exception.


Seller Comment (2022-01-28): Seller requests buyer review: Please waive this exception with no grade change


Seller Comment (2021-12-14): Seller requests buyer review: please clear lvl 2 condition
 01/31/2022 2 B MA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216421772 437221358 23886735 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $xxx,xx exceeds tolerance of $xxx,xx.  Insufficient or no cure was provided to the borrower. Appraisal Fee was  last disclosed as $xxx,xx on LE but disclosed as $xxx,xx on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include $xx,xx, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-01-31): [Redact] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected PCCD.


Seller Comment (2022-01-28): proof of the refund to the borrower


Reviewer Comment (2022-01-24): [Redact] - Since Appraisal Fee was broken down into two parts, please provide an attestation confirming the same. Also, appraisal fee was disclosed for $[Redact] on initial LE & final disclosed appraisal fee (Appraisal Fee $[Redact] & [Redact] Fee $[Redact]) exceeds the 0% tolerance limit by $[Redact] dated [Redact] does not provide any valid reason. Please provide an attestation confirming the both Appraisal & [Redact] fee were broken down & are a single fee combined along with cure for $xxure documents consist of PCCD, LOE, copy of check, proof of mailing. Exception remains.


Seller Comment (2022-01-21): Memo attached --- The appraisal company [Redact] is an affiliate of [Redact]- so we will always have 2 line items in the [Redact] screen/ LE's etc- (1) is the appraisal fee & (2) is the [Redact] fee. What happened here was that when the file was initially disclosed onxx/xx/xx- we did not have the correct appraisal vendor listed or there was a system glitch in Encompass. Hence, reason there was only [Redact] showing as the appraisal fee. When the actual invoice was received, the processor entered the correct appraisal vendor in Encompass & that resulted in the total fee being broken down into (2) parts- appraisal & [Redact] fee.

** there is not technically and additional fee being added- we just (for accounting purposes) have to break down the total fee into 2 parts**

LExx/xx/xx
Appraisal fee was estimated at [Redact]

LExx/xx/xx
Appraisal fee was updated to reflect [Redact] for appraisal & [Redact] to [Redact]

LE xx/xx/xx
Appraisal fee was disclosed as [Redact] & [Redact] for [Redact]


Reviewer Comment (2022-01-07): [Redact] On Further review agree that Appraisal Fee charged $xxx however Please provide valid COC with additional information which can explain why xxxx fee $xxx added on LE dated [Redact] or please provide cure along with cure documents.


Seller Comment (2022-01-06): The LE was for [Redact] and the xxxx for [Redact]. Please see attached memo


Reviewer Comment (2021-12-14): "[Redact] received COC dated [Redact] indicating appraisal fee increased to $[Redact] to $[Redact] which is not valid reason please provide valid COC which can explain why the appraisal fee was increased or required cure along with PCCD , LOE proof of mailing and copy of refund check.


Seller Comment (2021-12-14): COC to show regarding appraisal fee increase
 01/31/2022 2 B MA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216421776 437220128 23889433 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Amount is [redacted]. Reviewer Comment (2022-01-25): LOE and post-closing CD provided.


Seller Comment (2022-01-21): [Redact] [Redact] - proof  of Delivery  attached


Seller Comment (2022-01-21): [Redact] [Redact] PCCD attached


Reviewer Comment (2022-01-14): [Redact] Received PCCD and LOE. LOE reflects correct estimate property cost over1 year as $[Redact]; however, PCCD reflects $[Redact] on page 04 of PCCD. Provide Corrected PCCD with estimated property Cost over 1 year as $[Redact].


Seller Comment (2022-01-13): [Redact] [Redact] Proof of Delivery


Seller Comment (2022-01-13): [Redact] [Redact] PCCD


Reviewer Comment (2022-01-05): [Redact] Received PCCD. Property costs reflected on PCCD of $[Redact]. Loan file indicates Costs of $[Redact].  These itemized costs of ($[Redact] Taxes /$[Redact] Insurance) totaling $[Redact].  Please provide PCCD and LOE to cure or verification of updated amounts


Seller Comment (2022-01-04): Attached is the PCCD with the Payment streams correct and total of $[Redact] for estimated property cost over year 1


Reviewer Comment (2021-12-14): [Redact] Property costs reflected on Final CD of $[Redact].  Loan file indicates Costs of $[Redact].  These itemized costs of ($[Redact] Taxes/ $[Redact] Insurance) totaling $[Redact].  Please provide PCCD and LOE to cure or verification of updated amounts.


Seller Comment (2021-12-14): Can you please provide breakdown? We are showing the calculations as follow: Taxes at $[Redact], HOI $[Redact] and RD maintenance $[Redact]=$[Redact]
 01/25/2022 2 B NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
216421776 437220128 23889939 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed a periodic principal and interest payment for payment stream [redacted] that does not match the actual payment for the loan. Minimum payment should be [redacted], which is the payment at the start rate. Reviewer Comment (2022-01-14): [Redact] received Letter of Explanation & Corrected Closing Disclosure.


Seller Comment (2022-01-12): [Redact] [Redact] - resend the PCCD to investor
 01/14/2022 2 B NY Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B A A C B A A Non QM Non QM Yes
216421776 437220128 23889940 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed a periodic principal and interest payment for payment stream [redacted] that does not match the actual payment for the loan. Minimum payment should be [redacted], which is the payment at the start rate. Reviewer Comment (2022-01-14): [Redact] received Letter of Explanation & Corrected Closing Disclosure.
 01/14/2022 2 B NY Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B A A C B A A Non QM Non QM Yes
216421776 437220128 23889941 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed a periodic principal and interest payment for payment stream [redacted] that does not match the actual payment for the loan. Minimum payment should be [redacted], which is the payment at the start rate. Reviewer Comment (2022-01-14): [Redact] received Letter of Explanation & Corrected Closing Disclosure.
 01/14/2022 2 B NY Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B A A C B A A Non QM Non QM Yes
216422326 437220441 23893270 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Endorsement Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Title- Endorsement Fee was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-01-28): [Redact]  Received a copy of SSPL which shows that the paid to name is not the same as the one whom the fees are paid to(Address varies). No additional cure is needed.


Seller Comment (2022-01-27): our providers list


Seller Comment (2022-01-27): The Title Endorsement Fee was disclosed on the Initial CD and  Final CD. The services provider used is not the same provider listed on our providers list.
 01/28/2022 1 A CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216422326 437220441 23895537 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Primary Refinance - Rate/Term C B A A C B A A Non QM Non QM No
216422326 437220441 24634939 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded. Total amount of[redacted] exceeds tolerance of [redacted] plus [redacted] or [redacted].  Insufficient or no cure was provided to the borrower. TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted]. Insufficient or no cure was provided to the borrower.  Please provide a valid COC for the change in fee or provide Cure documents. Reviewer Comment (2022-02-16): [Redact] received PCCD and final settlement statement.Upon further review there is no tolerance violation.


Seller Comment (2022-02-15): PCCD and Title Final Settlement Statement


Reviewer Comment (2022-02-03): [Redact]: On review tolerance violation is due to increase of recording fee on LE dated [Redact] to $[Redact] and further increased to $[Redact] on CD dated [Redact]. COC dated [Redact] present in the file states "recording fee increased" but doesn't provide a valid reason for increase of recording fee and no COC is provided for increase of recording fee on CD dated [Redact]. Please provide valid COC for increase of recording fee on the both the instances ( [Redact] and  [Redact] or provide cure. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check.


Seller Comment (2022-02-03): Please see services providers list provided back on [Redact].
 02/16/2022 1 A CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216422328 437220924 23897326 Credit Title General Title Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2021-12-28): Final short form loan policy with required loan coverage provided. Exception cleared.


Seller Comment (2021-12-23): Final title policy uploaded to grade 3 condition
 12/28/2021 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216422328 437220924 23897331 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Reviewer Comment (2021-12-28): Final short form loan policy with required loan coverage provided. Exception cleared.
 12/28/2021 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216422328 437220924 23897338 Credit Title General Title Final Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2021-12-28): Final short form loan policy with required loan coverage provided. Exception cleared.


Seller Comment (2021-12-23): Final title policy
 12/28/2021 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216422328 437220924 23897702 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Qualification Method not Matching ATR Ability to Repay (Dodd-Frank 2014): The Qualification Method used by the lender does not match the ATR payment calculation methods under [redacted] Reviewer Comment (2022-02-10): Per lender request, exception waived with no grade change.


Seller Comment (2022-02-08): If provided CPA letter and updated Final 1003 do not clear: Seller requests buyer review: Please waive this exception with no grade change
 02/10/2022 2 B CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216422328 437220924 23897873 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Due to insufficient employment documentation. Reviewer Comment (2022-02-10): Received corrected 1003 and CPA letter.  Exception cleared


Seller Comment (2022-02-08): • Final 1003 with 3 of years borrower has been in the line of work complete (provided under credit exception condition)
 02/10/2022 1 A CA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM Yes
216422328 437220924 23897874 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - Bank Statements Ability-to-Repay (Dodd-Frank 2014): Unable to verify current employment status using reasonably reliable third-party records. Dates of self-employment not verified. Reviewer Comment (2022-02-10): Received corrected 1003 and CPA letter.  Exception cleared


Seller Comment (2022-02-08): • Final 1003 with 3 of years borrower has been in the line of work complete (provided under Credit exception condition)
 02/10/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216422328 437220924 23897878 Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Due to insufficient employment documentation. Reviewer Comment (2022-02-10): Received corrected 1003 and CPA letter.  Exception cleared
 02/10/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216422328 437220924 23931315 Credit Credit Miscellaneous Guideline Credit Exception: PLease provide completed Final 1003 reflecting the number of years the borrower has been in the line of work. Reviewer Comment (2022-02-10): Received corrected 1003 and CPA letter.  Exception cleared


Seller Comment (2022-02-08): • Final 1003 with 3 of years borrower has been in the line of work complete
 02/10/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216422328 437220924 23931797 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Provide evidence borrower's percentage ownership in company the deposits funds into account [redacted], as well as length of employment and that company is open/in good standing. Reviewer Comment (2022-02-10): Received corrected 1003 and CPA letter.  Exception cleared


Seller Comment (2022-02-08): • CPA letter confirming length of time self-employment and confirming the business is in good standing
 02/10/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216422333 437220378 23890407 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Required Business Purpose Certificate was not provided in file. Reviewer Comment (2021-12-22): Client provided copy of signed Business Purpose Certificate.


Seller Comment (2021-12-19): NON -QM Cert


Reviewer Comment (2021-12-10): Form signed by Borrowers stating the purpose of investment and not personal use.


Seller Comment (2021-12-07): Please Clarify what is asking to be provided. Thank You!
 12/22/2021 1 A CA Investment Purchase C A C A A A No
216424092 437220925 23906077 Compliance Compliance Federal Compliance Federal Defect (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of [redacted] is in excess of the allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees of [redacted] on a Federal Total Loan Amount of [redacted] vs. an allowable total of [redacted] (an overage of [redacted]).  Non-Compliant High Cost Loan. Provide Compliance Report reflecting Points and Fees for review. Reviewer Comment (2022-02-14): Documentation received.  Exception cleared. [Redact].


Seller Comment (2022-02-10): Attached is the rate lock and the rate lock data from the L.O.S.
Because this file is a non-QM bank statement loan, the [Redact] and Freddie Mac QM Points and Fees test should not apply.
We are requesting this finding to be waived.


Reviewer Comment (2021-12-21): Provide Rate Lock and Discount Point Disclosure.  The compliance report shows the loan fails Points and Fees Testing.


Seller Comment (2021-12-17): Compliance Ease Report confirming the loan is not a High Cost Mortgage
 02/14/2022 1 A FL Primary Refinance - Cash-out - Home Improvement (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. C A A A C A A A Non QM Non QM Yes
216424097 437220917 23911216 Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. Title policy amount of [redacted] is less than the original loan amount of [redacted]. Reviewer Comment (2022-01-14): Received copy of final title policy with coverage matching the loan amount.  Exception is cleared.


Seller Comment (2022-01-13): See attached the Final title policy with coverage of $[Redact]
 01/14/2022 1 A TX Primary Refinance - Rate/Term C A C A A A A A Non QM Non QM No
216424097 437220917 23914040 Credit Title General Title Final Title Policy Coverage is less than Original Loan Amount. Please provide Final Commitment indicating Policy coverage of [redacted]. Reviewer Comment (2022-01-14): Received copy of final title policy with coverage matching the loan amount.  Exception is cleared.


Seller Comment (2022-01-13): Final title policy with coverage of $[Redact]
 01/14/2022 1 A TX Primary Refinance - Rate/Term C A C A A A A A Non QM Non QM No
216424097 437220917 24338898 Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted]c plus [redacted].  Sufficient or excess cure was provided to the borrower at Closing. XXXX:  Sufficient cure provided at closing. Reviewer Comment (2022-01-03): Sufficient Cure Provided At Closing
 01/03/2022 1 A TX Primary Refinance - Rate/Term Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
216424097 437220917 24338899 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of[redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. XXXX:  Sufficient cure provided at closing. Reviewer Comment (2022-01-03): Sufficient Cure Provided At Closing
 01/03/2022 1 A TX Primary Refinance - Rate/Term Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
216425643 437220921 23916059 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:[redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $XXX,xx exceeds tolerance of $XXX,xx.  Insufficient or no cure was provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-01-03): xxx received COC dated xx/xx/xx/xx/xx.


Seller Comment (2021-12-30): see attached  Locked LE and COC LE for the discount points of $xxx
 01/03/2022 1 A NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
216425643 437220921 23938523 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Borrower not self employed [redacted]. Prior employment verification required. 1003 reflects the borrower was a XXX from XX/XXXX - XX/XXXX. Prove VVOE and [redacted] W2, to show [redacted] full years employment in the same field and income. Reviewer Comment (2022-01-03): Client provided WVOE for employment with xxx, xxxx W2 and xxxx W2 Transcripts and course transcripts from xxx for Spring 'xx through Spring 'xx. Employment history has been properly documented.


Seller Comment (2021-12-30): Attached are the following  finding:
• VVOE for the borrowers job with xxx
• xxxx W2
• xxxx & xxxx W2 transcripts
Ø xxxx W2 transcripts are being used in lieu of obtaining the xxxx W2
 01/03/2022 1 A NY Primary Purchase C A C A C A A A Non QM Non QM No
216426950 437221431 23916133 Credit Title General Title Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2021-12-17): Received updated final title policy with correct loan amount.  Exception is cleared.


Seller Comment (2021-12-14): FTP with corrected amount
 12/17/2021 1 A WA Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216426950 437221431 23916189 Credit Title General Title Final Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2021-12-17): Received updated final title policy with correct loan amount.  Exception is cleared.


Seller Comment (2021-12-14): FTP with corrected amount
 12/17/2021 1 A WA Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216426950 437221431 23916212 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Mortgage Statement(s) not provided Reviewer Comment (2021-12-17): Received payment history for privately held mortgage verifying mortgage is current at the time of closing.  Mortgage statements are not available. Exception is cleared.


Seller Comment (2021-12-14): Property does not have any statements. private liens are what is reported, attached are the payoffs and notes
 12/17/2021 1 A WA Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216426950 437221431 23916257 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Reviewer Comment (2021-12-17): Received private mortgage payment history showing taxes and insurance are escrowed and have been paid out of escrow.  Loan was current at the time of closing.  Exception is cleared.


Seller Comment (2021-12-14): Pay history including insurance and tax
 12/17/2021 1 A WA Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216426950 437221431 23916502 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXexceeds tolerance of $XXX  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2021-12-01): Sufficient Cure Provided At Closing
 12/01/2021 1 A WA Primary Refinance - Cash-out - Other Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
216426951 437221631 23916571 Credit Guideline Guideline Issue Guideline Refi Purpose reflects Rate/Term and cash out greater than the lesser of 2% of the loan amount or $2000. Cash to Borrower:  ___; Total Cash Out:    ___;  Refi Purpose:  ___ Final CD verifies the borrowers received more than $XXX,xx cash back at closing. Borrowers did not pay any upfront costs that could have been reimbursed. Guideline max cash back for a rate/term refinance is [redacted]. Reviewer Comment (2021-12-23): Client provided PCCD, copy of refund check and proof of delivery.


Seller Comment (2021-12-21): Proof of delivery


Seller Comment (2021-12-21): Copy of refund check


Reviewer Comment (2021-12-17): Provide copy of refund check for $xxxand proof of delivery.  Maximum cash to borrower for Rate/Term refinance is $xxx.


Seller Comment (2021-12-14): Attached PCCD and final settlement statement - The brws final SS from Escrow at closing reflects $xxx cash back, we then refunded the brw an additional $xxxafter the attached adjustments were most Post-Closing
 12/23/2021 1 A CA Second Home Refinance - Rate/Term C B C B A A A A Non QM Non QM No
216426951 437221631 23919249 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Total cash-out discrepancy. HUD-1 total cash-out of ___ is greater than Guideline total cash-out of ___. Final CD verifies the borrowers received more than $XXX,xx cash back at closing. Borrowers did not pay any upfront costs that could have been reimbursed. Guideline max cash back for a rate/term refinance is [redacted]. Reviewer Comment (2021-12-23): Client provided PCCD, copy of refund check and proof of delivery.


Seller Comment (2021-12-21): Copy of refund check


Seller Comment (2021-12-21): Proof of Delivery


Reviewer Comment (2021-12-17): Provide copy of refund check for $xxxand proof of delivery.  Maximum cash to borrower for Rate/Term refinance is $xxx.


Seller Comment (2021-12-14): Attached PCCD and final settlement statement - The brws final SS from Escrow at closing reflects $xxx cash back, we then refunded the brw an additional $xxxafter the attached adjustments were most Post-Closing
 12/23/2021 1 A CA Second Home Refinance - Rate/Term C B C B A A A A Non QM Non QM No
216426951 437221631 23998896 Credit Credit Miscellaneous Guideline Credit Exception: Lender exception request for declining income: [redacted]. Borrower is self-employed[redacted] owner of XXXx company. xxx has been incorporated for [redacted] years, but borrower has been a XXXX in the entertainment industry for [redacted] years. Borrower's XXXX to support his current projects in the works: xxx. Total residual income = $XXX Overall credit profile good. Only [redacted] derogatory tradeline: [redacted] mtg late xx/xxxx. All other tradelines paid as agreed. Borrower has a total of x financed properties including the subject (second home) and his primary residence. Borrower earns rental income on [redacted] non-owner properties; however, none is being considered for qualifying as it is not needed. Decrease in housing expense: Current P&I = $xxxx.xx. Proposed IO payment = $xxxx. Borrower will be saving $xxxx.xx/month. Borrower has $xxxxxxx in his personal xxx account (figure is discount for xxx/xxxxx requirements) [redacted]+ months in reserves. The qualifying DTI on the loan is at least xx% less than the guideline maximum.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has been employed in the same industry for more than x years.		 Owner

Owner

Owner

Owner

Owner		 Reviewer Comment (2021-12-07): Comp factors used to waive exception.
 12/07/2021 2 B CA Second Home Refinance - Rate/Term C B C B A A A A Non QM Non QM No
216426953 437221361 23917842 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [redacted] of XXX,xx on Final Closing Disclosure provided on XXXXX/XX/XX accurate. The property taxes over year one are $XXX,xx, and hazard insurance is [redacted], resulting in total property costs over year one of $XXX,xx. Reviewer Comment (2022-01-03): PC CD dated xx/xx/xx provided with the necessary corrections. Exception cleared.


Seller Comment (2021-12-29): PCD


Reviewer Comment (2021-12-28): xxx received hazard insurance premium at $xxx.  However, this amount was previously included in calculations, but property costs documented in file do not match to the Corrected CD.  File documented costs of $xxxmo insurance (xxx annual) and $xx/mo taxes for total of $xx/month.  Corrected CD reflects the monthly at $xxx which does not match.  Provide Corrected CD and LOE to borrower at noted costs or further document costs to match the Corrected CD.


Seller Comment (2021-12-23): HOI policy attached.


Reviewer Comment (2021-12-15): xxx Received PCCD.  Property costs reflected on PCCD of $xxx.  Loan file indicates Costs of $xxx.  These itemized costs of ($xxx Taxes, $xxx Insurance) totaling $xxx.  Please provide PCCD and LOE to cure or verification of updated amounts


Seller Comment (2021-12-14): Updated PCCD
 01/03/2022 1 A CA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C A A A C A A A Non QM Non QM Yes
216426953 437221361 23919694 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Please provide evidence that the updated appraisal was delivered to the borrower at least [redacted] days prior to consummation. Reviewer Comment (2022-01-06): Received proof of delivery of the appraisal which was revised from the original which was dated post close but was acceptable because the revisions to the appraisal had no material impact and did not change the value.  Exception is cleared.


Seller Comment (2022-01-06): Appr proof


Reviewer Comment (2021-12-17): We are in receipt of the appraisal delivery document for the Initial Appraisal Report dated xx/xx/xxneed the appraisal delivery document for the Revised/Final Appraisal Report dated xx/xx/xxmply with § 1002.14(a)(1) which states "If, however, a creditor already has provided a copy of one version of an appraisal or other written valuation to an applicant, and the creditor later receives a revision of that appraisal or other written valuation, then the creditor also must provide the applicant with a copy of the revision to comply with § 1002.14(a)(1)."


Seller Comment (2021-12-14): Proof that appr was sent
 01/06/2022 1 A CA Primary Refinance - Rate/Term C A A A C A A A Non QM Non QM No
216426954 437221395 23922662 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx [redacted] business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least [redacted] days prior to closing Reviewer Comment (2021-12-30): Client provided appraisal delivery document.


Seller Comment (2021-12-29): Appr Proof
 12/30/2021 1 A CA Primary Refinance - Cash-out - Other B A A A B A A A Non QM Non QM No
216427704 437221095 23937145 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [redacted] of XXX,xx on Final Closing Disclosure provided on XXXXX/XX/XX accurate. Reviewer Comment (2021-12-15): xxx received Letter of Explanation & Corrected Closing Disclosure.


Seller Comment (2021-12-14): see attached pccd docs
 12/15/2021 2 B TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
216427704 437221095 23939336 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for HOA - Capital Contribution.  Fee Amount of $XXXexceeds tolerance of $x,xx.  Insufficient or no cure was provided to the borrower. Not a finance charge. Condo property related expense Reviewer Comment (2021-12-15): xxx received PCCD and LOE where the HOA fees have been moved to H section.


Seller Comment (2021-12-15): see attached revised pccd docs
 12/15/2021 1 A TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216427704 437221095 23939337 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for HOA - Transaction Management.  Fee Amount of $XXXexceeds tolerance of $x,xx.  Insufficient or no cure was provided to the borrower. Not a finance charge. PUD property related expense Reviewer Comment (2021-12-15): xxx received PCCD and LOE where the HOA fees have been moved to H section.


Seller Comment (2021-12-15): see attached revised pccd docs


Reviewer Comment (2021-12-14): xxx received PCCD & LOE dated xx/xx/xxwever, PCCD Section C has been incorrectly updated as HOA fee amount is reflecting and fee name is missing (as HOA fees are moved to Section H, HOA fee amount shouldn't reflect in Section C). Please provide corrected PCCD.


Seller Comment (2021-12-14): see attached pccd docs
 12/15/2021 1 A TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216427704 437221095 23939338 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for HOA - Move In Fee.  Fee Amount of $XXXexceeds tolerance of $x,xx.  Insufficient or no cure was provided to the borrower. Not a finance charge. PUD property related expense Reviewer Comment (2021-12-15): xxx received PCCD and LOE where the HOA fees have been moved to H section.


Seller Comment (2021-12-15): see attached revised pccd docs


Reviewer Comment (2021-12-14): xxx received PCCD & LOE dated xx/xx/xxwever, PCCD Section C has been incorrectly updated as HOA fee amount is reflecting and fee name is missing (as HOA fees are moved to Section H, HOA fee amount shouldn't reflect in Section C). Please provide corrected PCCD.


Seller Comment (2021-12-14): see attached pccd docs
 12/15/2021 1 A TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216427704 437221095 23939340 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Homeowner's Dues.  Fee Amount of $XXXexceeds tolerance of $x,xx.  Insufficient or no cure was provided to the borrower. Not a finance charge. PUD property related expense Reviewer Comment (2021-12-15): xxx received PCCD and LOE where the HOA fees have been moved to H section.


Seller Comment (2021-12-15): see attached revised pccd docs


Reviewer Comment (2021-12-14): xxx received PCCD & LOE dated xx/xx/xxwever, PCCD Section C has been incorrectly updated as HOA fee amount is reflecting and fee name is missing (as HOA fees are moved to Section H, HOA fee amount shouldn't reflect in Section C). Please provide corrected PCCD.


Seller Comment (2021-12-14): see attached pccd docs
 12/15/2021 1 A TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216427710 437221419 23929165 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $xx,xx exceeds tolerance of $xx,xx plus [redacted] or $xx,xx.  Insufficient or no cure was provided to the borrower. Reviewer Comment (2022-02-03): [Redact] received PCCD, LOE, proof of mailing & copy of refund check.


Seller Comment (2022-02-02): PCD
 02/03/2022 2 B GA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216427710 437221419 23929166 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Reviewer Comment (2022-02-03): [Redact] received PCCD, LOE, proof of mailing & copy of refund check.


Seller Comment (2022-02-02): PCD
 02/03/2022 2 B GA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216427710 437221419 23929167 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $xxx,xx exceeds tolerance of $xxx,xx.  Insufficient or no cure was provided to the borrower. Reviewer Comment (2022-02-03): [Redact] received PCCD, LOE, proof of mailing & copy of refund check.


Seller Comment (2022-02-02): PCD
 02/03/2022 2 B GA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216427712 437220134 23934877 Compliance Compliance Federal Compliance Federal Defect (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of [redacted] is in excess of the allowable maximum of  [redacted] of the Federal Total Loan Amount. Points and Fees of $XXX,xx on a Federal Total Loan Amount of $XXX,xx vs. an allowable total of $XXX,xx (an overage of [redacted]).  Non-Compliant High Cost Loan. Reviewer Comment (2021-12-29): Client verified bona fide points. Exception cleared.


Seller Comment (2021-12-28): Rate sheet screenshot


Seller Comment (2021-12-28): Wholesale rate sheet


Seller Comment (2021-12-28): .  Please see breakdown.
• UDR used was[Redact].
•  Broker fee $xxx Underwriting fee of $xxx+Discount points not bona fide $xxx= $xxx  (bona fide fees of $xxx were excluded from the test)
• Amount finance $xxx [Redact] = $xxx Max permitted on a Non-QM


Reviewer Comment (2021-12-17): Calculated fees are:  Loan Discount Points $xxx, Loan Originator Compensation $xxx and Underwriting Fee $xxx for a total of $xxx.  Allowable fees based on the final loan amount of $xxx may not exceed $xxx.  Exception remains.


Seller Comment (2021-12-15): Memo from lock


Seller Comment (2021-12-15): UDR used was X.xxx.  Attached is the Memo from lock and the rate sheet.
 12/29/2021 1 A HI Primary Purchase (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. C A C A C A A A Non QM Non QM Yes
216427712 437220134 23934878 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]  Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXexceeds tolerance of $XXX  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2021-12-03): Sufficient Cure Provided At Closing
 12/03/2021 1 A HI Primary Purchase Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
216427712 437220134 23934880 Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within 10 business days of the Note. - Verification of Co-Borrower's current employment  within [redacted] days of of the note date not provided. Reviewer Comment (2021-12-16): Client provided acceptable VOE for both borrower and co-borrower.


Seller Comment (2021-12-10): Final VOE documents for Borrower & Coborrower
 12/16/2021 1 A HI Primary Purchase C A C A C A A A Non QM Non QM No
216427712 437220134 23937028 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - XXXX/XXXX W-2s not provided for Co-Borrower. Reviewer Comment (2021-12-29): xxxx earnings statement provided. Exception cleared.


Seller Comment (2021-12-23): xxxx Salary verification


Reviewer Comment (2021-12-16): Provide the Salary Verification document from the xxx for xxxx for the co-borrower.  We received the Salary Verification document for xxxx but we also need the document for xxxx.


Reviewer Comment (2021-12-16): Closed in error.


Reviewer Comment (2021-12-16): Client provided VOE within ten days of closing.


Seller Comment (2021-12-10): Income exception #2


Seller Comment (2021-12-10): Income exception


Seller Comment (2021-12-10): xxxx income


Seller Comment (2021-12-10): LOE from Employer


Seller Comment (2021-12-10): Ø See attached - xxx receives foreign income therefore no W2 is issued. Exception in file along with xxx form of W2 for both years and WVOE.  As well as LOE from employer explaining they do not issue W2's.
 12/29/2021 1 A HI Primary Purchase C A C A C A A A Non QM Non QM No
216427712 437220134 23937033 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - A third party verification dated within [redacted] days of the note date verifying the borrower's business operation is active Reviewer Comment (2021-12-16): Client provided VOE within ten days of closing.
 12/16/2021 1 A HI Primary Purchase C A C A C A A A Non QM Non QM No
216428373 437220119 23919958 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year [redacted] of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. The amount stated on the final CD reflects the amount for the [redacted] payments made over the next twelve months for the HOA of [redacted], however the HOA is listed as [redacted]. Please provide corrected CD with evidence it was sent to the borrower with an explanation, or corrected supporting escrow documentation. Reviewer Comment (2021-12-08): Upon further review, annual non-escrowed property costs are acceptable.


Seller Comment (2021-12-07): CD
 12/08/2021 2 B FL Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
216428373 437220119 23920029 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Waterfall condition. Reviewer Comment (2022-01-25): Received CPA letter.  Exception cleared


Seller Comment (2022-01-18): CPA Letter


Reviewer Comment (2021-12-23): CPA letter dated [Redact] provided addresses the required information for [Redact]. Provide a third party verification for [Redact]. Exception remains.


Seller Comment (2021-12-22): CPA Letter


Reviewer Comment (2021-12-09): ATR fail due to income documentation missing for [Redact] and [Redact]. Exceptions set for the documentation needed. Exception remains.


Seller Comment (2021-12-07): Mavent
 01/25/2022 1 A FL Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM Yes
216428373 437220119 23920030 Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Waterfall condition. Reviewer Comment (2022-01-25): Received CPA letter  Exception cleared
 01/25/2022 1 A FL Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216428373 437220119 23926831 Credit Guideline Guideline Issue Guideline Missing employment verification documentation. - Third party verification of XXXX within dated within [redacted] days of note date not included in file. Reviewer Comment (2022-01-21): CPA letter provided in trailing documents verifying ownership of business and start date. Exception cleared.


Seller Comment (2022-01-18): CPA Letter


Reviewer Comment (2021-12-23): CPA letter dated [Redact] provided addresses the required information for [Redact]. Provide a third party verification for [Redact]. Exception remains.


Seller Comment (2021-12-22): CPA Letter
 01/21/2022 1 A FL Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216428373 437220119 23926832 Credit Guideline Guideline Issue Guideline Missing employment verification documentation. - Third party verification of [redacted] [redacted] within dated within [redacted] days of note date not included in file. Reviewer Comment (2021-12-23): CPA letter dated [Redact] provided verifying inception date and ownership percentage for [Redact].  Exception cleared.


Seller Comment (2021-12-22): CPA Letter
 12/23/2021 1 A FL Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216428373 437220119 23926833 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Third party verification of XXXX within dated within [redacted] days of note date not included in file. Reviewer Comment (2022-01-21): CPA letter provided in trailing documents verifying ownership of business and start date. Exception cleared.


Seller Comment (2022-01-18): CPA Letter


Reviewer Comment (2021-12-23): CPA letter dated [Redact] provided addresses the required information for [Redact]. Provide third party verification for [Redact]. Exception remains.


Seller Comment (2021-12-22): CPA Letter
 01/21/2022 1 A FL Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216428373 437220119 23926834 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Third party verification of [redacted] within dated within [redacted] days of note date not included in file. Reviewer Comment (2021-12-23): CPA letter dated [Redact] provided verifying inception date and ownership percentage for [Redact].  Exception cleared.


Seller Comment (2021-12-22): CPA Letter
 12/23/2021 1 A FL Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216428373 437220119 23926921 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - Partnership Test Ability-to-Repay (Dodd-Frank 2014): Unable to verify current Partnership status due to most recent Tax Return end date is older than [redacted] days before Closing Date, and one of these docs is required yet missing:  Audited/Third Party P&L, CPA Letter, or other Third Party Verification. Reviewer Comment (2021-12-23): CPA letter dated [Redact] provided verifying inception date and ownership percentage for [Redact].  Exception cleared.


Seller Comment (2021-12-22): CPA Letter
 12/23/2021 1 A FL Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216428386 437221134 23931221 Credit Loan Package Documentation Application / Processing Insurance Missing Document: Flood Certificate not provided Reviewer Comment (2021-12-16): Flood cert received.


Seller Comment (2021-12-08): flood cert
 12/16/2021 1 A NY Investment Purchase C B C A B B C A N/A Exempt from ATR No
216428386 437221134 23936053 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. The net rental loss at xxxx homestead duplex was [redacted] the lender used at origination. Lender used [redacted] of 1007, however only [redacted] is allowed. Please provide an UW Worksheet with your calculations or provided a Lender Exception regarding the DTI. Reviewer Comment (2022-03-03): Updated 1008 verifying DTI exceeding [Redact] received. Exception cleared.


Seller Comment (2022-03-01): 1008 uploaded


Seller Comment (2022-03-01): 1008


Reviewer Comment (2021-12-27): The 1008 does not include the neg rent for the subject property. the income worksheet provided verifies the neg rent for the subject property. Provide a 1008 including the neg rent  of $[Redact] in qualifying and validating the [Redact] DTI. Exception remains.


Seller Comment (2021-12-22): rental income worksheet


Seller Comment (2021-12-22): 1008


Reviewer Comment (2021-12-16): The income worksheet provided applies to the borrower's wages and not the subject property rental income. As previously stated-The net rental loss at [Redact] was -$[Redact] vs -$[Redact] the lender used at origination. Lender used 100% of 1007, however only 75% is allowed. Please provide an UW Worksheet with your calculations. Provide an updated 1008 requalifying the borrower utilizing 75% of the rents for the subject property.


Seller Comment (2021-12-10): income worksheet
 03/03/2022 1 A NY Investment Purchase C B C A B B C A N/A Exempt from ATR No
216428386 437221134 23936086 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Provide all appraisals and evidence they were all sent to the borrower at least [redacted] days prior to closing. Reviewer Comment (2022-04-28): Aggregator acknowledges exception.
 04/28/2022 2 B NY Investment Purchase C B C A B B C A N/A Exempt from ATR No
216428386 437221134 23936277 Property Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. - Please provided the Completion Cert. Reviewer Comment (2021-12-16): 1004D/442 provided.


Seller Comment (2021-12-14): appraisal
 12/16/2021 1 A NY Investment Purchase C B C A B B C A N/A Exempt from ATR No
216428386 437221134 23936427 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Reviewer Comment (2021-12-16): 1004D/442 dated [Redact] provided the subject property did not sustain any damage  from [Redact].
 12/16/2021 1 A NY Investment Purchase C B C A B B C A N/A Exempt from ATR No
216428386 437221134 23940815 Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves discrepancy. The borrower did not have sufficient reserves. Reviewer Comment (2022-03-03): Earnest money clearing [Redact] [Redact] allows for those funds to be recognized and provides sufficient reserves. Exception cleared.


Seller Comment (2022-03-01): We verified the following assets:
1. [Redact] [Redact]act]: $[Redact] after backing out large deposits and gifts
2. $[Redact] gift
3. $[Redact] gift
4. [Redact] [Redact]act] $[Redact]
5. [Redact] [Redact]act] CD $[Redact] (for reserves only)
6. [Redact] [Redact] $[Redact]
7. [Redact] [Redact] $[Redact]
8. [Redact] [Redact] $[Redact]

Total assets verified: $[Redact]. we verified over $[Redact] in required reserves.
 03/03/2022 1 A NY Investment Purchase C B C A B B C A N/A Exempt from ATR No
216428386 437221134 23940816 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Entered in dollars. The borrower did not have sufficient reserves. Reviewer Comment (2022-03-03): Earnest money clearing [Redact] [Redact] allows for those funds to be recognized and provides sufficient reserves. Exception cleared.


Seller Comment (2022-03-01): We verified the following assets:
1. [Redact] [Redact]: $[Redact] after backing out large deposits and gifts
2. $[Redact] gift
3. $[Redact] gift
4. [Redact] [Redact] $[Redact]
5. [Redact] [Redact] CD $[Redact] (for reserves only)
6. [Redact] [Redact] $[Redact]
7. [Redact] [Redact] $[Redact]
8. [Redact] [Redact] $[Redact]

Total assets verified: $[Redact]. we verified over $1[Redact] in required reserves.
 03/03/2022 1 A NY Investment Purchase C B C A B B C A N/A Exempt from ATR No
216428386 437221134 23954517 Credit Missing Document General Missing Document Missing Document: Official Check not provided Provide evidence of the source account of the EMD. Reviewer Comment (2021-12-16): [Redact] [Redact] statement verifies earnest money in the amount of $[Redact] clearing the account.


Seller Comment (2021-12-08): emd acct
 12/16/2021 1 A NY Investment Purchase C B C A B B C A N/A Exempt from ATR No
216428387 437221093 23936048 Compliance Compliance Federal Compliance Missing Non-Required Data Disbursement Date Missing Disbursement Date Missing: Evidence of disbursement date not found in file. Security Instrument Notary Date of XXXXX/XX/XXd as disbursement date for compliance testing. Final Closing Disclosure missing. Please provide all Closing Disclosure and Loan estimates for the borrower. Reviewer Comment (2021-12-27): Investment purchase by Business Entity - closing statement provided. Exception cleared.
 12/27/2021 1 A NY Investment Purchase D A A A D A A A N/A Exempt from ATR No
216428387 437221093 23936049 Compliance Compliance Federal Compliance TRID Defect Missing Closing Disclosure:  No Document Used For Fee Testing Missing Final Closing Disclosure. No document containing fees provided. Any applicable Federal, State or Local compliance testing is unreliable. Final Closing Disclosure missing. Please provide all Closing Disclosure and loan estimates for the borrower. Reviewer Comment (2021-12-27): Investment purchase - closing statement provided. Exception cleared.


Seller Comment (2021-12-21): there were no LE's or CD's issued on this loan. PLs waive invalid cond.


Reviewer Comment (2021-12-16): Closing statement received, however the LEs and CDs issued to the borrowers for this transaction were not provided.


Seller Comment (2021-12-10): closing stmt attached


Seller Comment (2021-12-08): Closing STMT
 12/27/2021 1 A NY Investment Purchase D A A A D A A A N/A Exempt from ATR No
216428388 437221094 23952379 Credit Missing Document General Missing Document Incomplete Document: 1003 Final is incomplete Please complete the Final 1003 : 1.a. prior rent expense, 1. b. Start Date,  5.a.A. (1). (2). Reviewer Comment (2021-12-17): Client provided complete 1003.


Seller Comment (2021-12-14): 1003
 12/17/2021 1 A NY Investment Refinance - Cash-out - Other C A C A A A A A N/A Exempt from ATR No
216433766 437221417 23923878 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided Please provide the Articles of Organization/Formation. Reviewer Comment (2021-12-17): Client provided Articles of Organization.


Seller Comment (2021-12-14): Approved articles for [Redact]
 12/17/2021 1 A CA Investment Refinance - Rate/Term D A D A A A No
216433766 437221417 23923881 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided Please provide the Certificate of Good Standing. Reviewer Comment (2021-12-17): Provided by the franchise tax board and secretary of state. This issue is cleared.


Reviewer Comment (2021-12-17): The Certificate of Good Standing was not provided.  The exception stands.


Seller Comment (2021-12-14): Operating agreement


Seller Comment (2021-12-14): Statement of information


Seller Comment (2021-12-14): Certificate of status
 12/17/2021 1 A CA Investment Refinance - Rate/Term D A D A A A No
216433766 437221417 23923885 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided Please provide the Corporate Resolution. Reviewer Comment (2021-12-17): Client provided Corporate Resolution/Unanimous Consent to Action


Seller Comment (2021-12-14): [Redact] letter


Seller Comment (2021-12-14): Managing member actions
 12/17/2021 1 A CA Investment Refinance - Rate/Term D A D A A A No
216433766 437221417 23923893 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided Please provide the Unanimous Consent of Shareholders. Reviewer Comment (2021-12-17): Client provided Unanimous Consent to Action


Seller Comment (2021-12-15): Shareholder consent
 12/17/2021 1 A CA Investment Refinance - Rate/Term D A D A A A No
216433766 437221417 23923896 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided Please provide the Employer Identification Number (EIN). Reviewer Comment (2021-12-17): Client provided EIN.


Seller Comment (2021-12-14): EIN
 12/17/2021 1 A CA Investment Refinance - Rate/Term D A D A A A No
216433766 437221417 23923898 Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided Please provide a lease agreement for the subject property. Reviewer Comment (2022-02-01): Documentation received.  Exception cleared. [Redact].


Seller Comment (2022-01-28): Month to month lease agreement attached
 02/01/2022 1 A CA Investment Refinance - Rate/Term D A D A A A No
216433767 437221418 24065622 Credit Credit Miscellaneous Guideline Credit Exception: Please provide evidence of correct PPP. The loan has two signed Addendums, with [redacted] different sets of terms, [redacted] on [redacted] months interest on the other. Reviewer Comment (2021-12-23): Client provided confirmation of correct Prepayment Addendum to Note.


Seller Comment (2021-12-21): Correct PPP
 12/23/2021 1 A NV Investment Refinance - Cash-out - Other C A C A A A No
216433775 437220963 23927861 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Please provide the final title policy. Reviewer Comment (2022-02-01): Client provided Final Title Policy.
 02/01/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
216433775 437220963 23927902 Credit Title General Title Final Title Policy Coverage is less than Original Loan Amount. $xx,xxx,xx title insurance coverage shortfall per the preliminary title commitment. Please provide the final title policy with coverage of $xxx,xxx,xx. Reviewer Comment (2022-01-24): Final title policy provided in trailing documents. Exception cleared.


Seller Comment (2022-01-20): • Final title policy with coverage of $[Redact]
 01/24/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
216433775 437220963 23927905 Credit Title General Title Title Policy Coverage is less than Original Loan Amount. Duplicate. $xx,xxx,xx title insurance coverage shortfall per the preliminary title commitment. Please provide the final title policy with coverage of $xxx,xxx,xx. Reviewer Comment (2022-01-24): Final title policy provided in trailing documents. Exception cleared.


Seller Comment (2022-01-20): FTP uploaded
 01/24/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
216433776 437220967 23923507 Credit Credit Credit Documentation Credit Borrower does not own current residence and thus casts doubt on business purpose of loan. Co-borrower lives rent free, thus casts doubt on business purpose of loan. Reviewer Comment (2022-01-24): Exception cleared.x[Redact].


Seller Comment (2022-01-20): • Copy of appraisal confirming all 4 units are tenant occupied


Seller Comment (2022-01-20): Lease agreement all 4 units


Seller Comment (2022-01-20): • [Redact] cert regarding the borrower's business purpose
 01/24/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216433791 437220480 24037172 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___ Please forward the (Bank Statement) income calculation worksheet. Reviewer Comment (2022-01-18): Client provided www spreadsheet.


Seller Comment (2022-01-14): BK Stamtement Worksheet - Please clear conditions
 01/18/2022 1 A CA Primary Purchase C B C A B B A A Non QM Non QM No
216433791 437220480 24051778 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Please provide all appraisals and evidence they were all sent to the borrower at least [redacted] days prior to close. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Primary Purchase C B C A B B A A Non QM Non QM No
216433795 437220329 24050990 Compliance Compliance Federal Compliance Missing Disclosure Notice of Special Flood Hazard Disclosure Missing FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure for property located in a flood zone. No evidence in the loan file that the borrower was provided with the Notice of Special Flood Hazard Disclosure informing them the property was in a flood zone. Reviewer Comment (2021-12-22): Client provided a copy of the signed disclosure.


Seller Comment (2021-12-19): Federal Flood Disclosure
 12/22/2021 1 A FL Primary Purchase C B A A C B A A Non QM Non QM No
216433795 437220329 24050991 Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account Statement Missing RESPA: Initial escrow account statement was not provided to the borrower. The Initial Escrow Account statement was not in the loan file. Reviewer Comment (2021-12-22): Client provided a copy of the signed disclosure.


Seller Comment (2021-12-19): Escrow Disclosure
 12/22/2021 1 A FL Primary Purchase C B A A C B A A Non QM Non QM Yes
216433795 437220329 24051063 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. The appraisal fee increased from [redacted] on the Loan Estimate to [redacted] on the Final Closing Disclosure. No cure provided to the borrower. Please provide VCC or cure to the borrower with PC CD and evidence that it was sent to the borrower with an explanation of changes Reviewer Comment (2022-01-27): [Redact] has received corrected PCCD, copy of refund check, proof of mailing and LOE to borrower.


Seller Comment (2022-01-25): borrower CD letter. Copy of Check and PCCD
 01/27/2022 2 B FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216433795 437220329 24069438 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. It appears the appraisal was updated as the one in file is dated after the delivery date.  File should contain all iterations of the appraisal as well as evidence of delivery of all to the borrower. Reviewer Comment (2021-12-22): Client provided copy of Initial appraisal report.


Seller Comment (2021-12-20): appraisal
 12/22/2021 1 A FL Primary Purchase C B A A C B A A Non QM Non QM No
216433795 437220329 24225726 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. The appraisal delivery report for the Revised/Final Appraisal Report shows the appraisal was delivered xx/xx/xx which is after the closing date. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B FL Primary Purchase C B A A C B A A Non QM Non QM No
216433795 437220329 24250535 Compliance Compliance Federal Compliance Missing Disclosure Notice of Special Flood Hazard Disclosure Not Provided Timely FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. The Notice of Special Flood Hazards and Availability of Federal Disaster Relief Assistance  Notice was not provided to borrower until xx/xx/xx which is the closing date. Reviewer Comment (2022-01-13): Seller acknowledges exception
 01/13/2022 2 B FL Primary Purchase C B A A C B A A Non QM Non QM No
216433797 437220390 24037418 Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. Reviewer Comment (2022-02-04): Borrower was a non-applicant title-holder on departure residence and not obligated for mortgage payments. Exception cleared.


Seller Comment (2022-02-02): Property history report.


Seller Comment (2022-02-02): As shown on the attached mortgage statement, the borrower is not obligated on the existing mortgage on the departing residence.  We cannot obtain a VOM on the borrower for this property because the borrower is not obligated on the loan.


Reviewer Comment (2022-02-02): Provide full copies of the documents referenced in the undewriter's memo to file (property history report / deed).
 02/04/2022 1 A IL Primary Purchase C A C A A A A A Non QM Non QM No
216433936 437221363 23961457 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Please provide a post-disaster inspection after the remnants of Hurricane XXXX which ended on XXX/XX/XX. Reviewer Comment (2021-12-23): Client provided Post Disaster Inspection Report and photos dated xx/xx/xxperty was not damaged from remnants of [Redact].


Seller Comment (2021-12-21): Disaster cert
 12/23/2021 1 A NY Investment Refinance - Cash-out - Other C A C A A A No
216433937 437221367 23953925 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Reviewer Comment (2021-12-23): Client provided Post Disaster Inspection Report and photos dated xx/xx/xxperty did not suffer damage from remnants of [Redact].


Seller Comment (2021-12-21): Disaster cert
 12/23/2021 1 A NY Investment Refinance - Cash-out - Other C A C A A A No
216433937 437221367 23953966 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided Prepayment Note addendum to be provided for review. Reviewer Comment (2021-12-23): Client provided copy of Prepayment Addendum to Note.


Seller Comment (2021-12-21): Prepayment signed
 12/23/2021 1 A NY Investment Refinance - Cash-out - Other C A C A A A Yes
216433937 437221367 24084700 Credit Loan Package Documentation Closing / Title Loan Package Documentation Loan has a Prepayment Penalty and the Prepayment Penalty Rider is missing Reviewer Comment (2021-12-23): Client provided copy of signed Prepayment Rider.


Seller Comment (2021-12-21): Prepayment signed
 12/23/2021 1 A NY Investment Refinance - Cash-out - Other C A C A A A No
216433939 437221413 23963127 Credit Loan Package Documentation Application / Processing Loan Package Documentation HOA Error: Subject is located in a project and HOA Information was not provided. - Appraisal Report did not disclose HOA annual amount. Please clarify HOA dues. Reviewer Comment (2021-12-23): Verification provided verifying the condo association was dissolved in [Redact]. Exception cleared.


Seller Comment (2021-12-20): email from closing attorney verifying condo association is dissolved


Seller Comment (2021-12-20): Proof Condo Association was dissolved
 12/23/2021 1 A FL Investment Purchase C A C A A A No
216433939 437221413 23997399 Credit Credit Miscellaneous Guideline Credit Exception: The Note Prepayment Addendum reports NA for the time period it is in affect and the CD reflects there is a Prepayment Penalty. Please forward clarifying/corrected documentation for both the Note and the Final CD, with evidence it was sent to the borrower. Reviewer Comment (2022-01-27): Client provided corrected DOT without the PPP Rider box checked.  Also provided written attestation that there is no prepayment penalty on the loan.


Seller Comment (2022-01-25): Mortgage


Seller Comment (2022-01-25): Lox


Reviewer Comment (2022-01-19): We are in receipt of the PCCD that shows there is no prepayment penalty.  There is a Prepayment Addendum to Note and a Prepayment Rider in the file.  Both documents have N/A in the penalty related data fields.  The Mortgage has the Other box checked for a Prepayment Rider.  Provide an attestation to confirm whether there is a prepayment penalty or not and state why the borrower signed the addendum and rider if there is no prepayment penalty.


Seller Comment (2022-01-14): [Redact] [Redact] - Corrected Note
 01/27/2022 1 A FL Investment Purchase C A C A A A No
216435301 437220975 24030693 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Please provide the 1084 income worksheet to verify how the underwriter calculated the bank statement income. Reviewer Comment (2021-12-28): UW income worksheet provided. Exception cleared.


Seller Comment (2021-12-23): Income worksheet
 12/28/2021 1 A CA Primary Purchase C B C A C B A A Non QM Non QM No
216435301 437220975 24030755 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [redacted] on Final Closing Disclosure provided on xx/xx/xx not accurate. Amount of Estimated Property Costs over Year [redacted] of xx,xxx.xx on Final Closing Disclosure provided on xx/xx/xx not accurate. The HOA Dues are $xx,xxx,xx annually per the HOA questionnaire, the hazard insurance of $x,xxx.xx annually, and the tax amount of $xx,xxx,xx annually ([redacted] of the loan amount for a CA purchase), resulting in a total amount of estimated property costs over year [redacted] of $xx,xxx,xx. Please provide an updated final CD with the correct amount of property costs over year [redacted], and proof that this CD has been sent to the borrower. Reviewer Comment (2022-01-25): [Redact] received Letter of Explanation & Corrected Closing Disclosure.


Seller Comment (2022-01-20): • PCCD with the estimated property costs corrected
 01/25/2022 2 B CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
216435301 437220975 24030756 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. Loan file reflects there was a xx/xx/xx21 Initial CD which is missing from the loan file. Please provide. Reviewer Comment (2021-12-27): [Redact] received [Redact] CD.


Seller Comment (2021-12-23): Initial CD
 12/27/2021 1 A CA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216435303 437221485 24035272 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on XXXXX/XX/XXior to [redacted] business days from transaction date of XXX/XX/XX. Loan was disbursed prior to midnight of third business day after consummation.  Lender to re-open rescission, provide copy of new right to cancel form, copy of letter of explanation sent to borrower, and proof of delivery.  Or provide certified closing statement from the title company verifying the funding date was on or after XXXXX/XX/XX a funding department screen shot verifying disbursement date. Reviewer Comment (2021-12-20): Certified Settlement Statement shows disbursement date of x/xx/xx.


Seller Comment (2021-12-16): Attached Final Settlement Statement to show that loan was not disbursed until x/xx/xx
 12/20/2021 1 A CA Primary Refinance - Rate/Term TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C A C A C A A A Non QM Non QM Yes
216435303 437221485 24043302 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Please forward the income calculation worksheet. Reviewer Comment (2021-12-20): Client provided Asset xxx Worksheet.


Seller Comment (2021-12-16): Income worksheet
 12/20/2021 1 A CA Primary Refinance - Rate/Term C A C A C A A A Non QM Non QM No
216435305 437220308 23935368 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide the fraud report. Reviewer Comment (2022-01-05): Client provided DRIVE Fraud Report.


Seller Comment (2022-01-04): see attached
 01/05/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216435305 437220308 23935468 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided Please provide the articles or organization. Reviewer Comment (2022-01-05): Client provided Articles of Organization.


Seller Comment (2022-01-04): see attached
 01/05/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216435305 437220308 23935471 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided Please provide the employer identification number (EIN). Reviewer Comment (2022-01-05): Client provided Employer Identification Number from the IRS.


Seller Comment (2022-01-04): see attached
 01/05/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216435305 437220308 23935474 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided Please provide the corporate resolution. Reviewer Comment (2022-01-05): Client provided copy of xxx.


Seller Comment (2022-01-04): see attached
 01/05/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216435305 437220308 23935475 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided Please provide the certificate of good standing. Reviewer Comment (2022-01-05): Client provided Certificate of Status (Certificate of Good Standing).


Seller Comment (2022-01-04): see attached
 01/05/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216435305 437220308 23935478 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided Please provide the fraud report with the background check. Reviewer Comment (2022-01-05): Client provided DRIVE Fraud Report which includes background check.


Seller Comment (2022-01-04): see attached
 01/05/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216435305 437220308 23935523 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Please provide a post-disaster inspection after the remnants of Hurricane XXXX which ended on XXX/XX/XX. Reviewer Comment (2022-01-05): Client provided Post Disaster Inspection Report and photos dated xx/xx/xxperty was not affected by remnants of [Redact].


Seller Comment (2022-01-04): see attached
 01/05/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216435305 437220308 23935534 Compliance Compliance State Compliance State Late Charge Note Error: Note late charge percentage exceeds maximum per state The loan is in the state of XXX, which only allows for a [redacted] late charge, and the note reflects a late charge of [redacted]. Reviewer Comment (2021-12-23): Seller elects to acknowledge this exception.
 12/23/2021 2 B NY Investment Refinance - Rate/Term C A C A A A No
216435306 437220309 23936202 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided Please provide the employer identification number (EIN). Reviewer Comment (2022-01-05): Client provided Employer Identification Number from the IRS.


Seller Comment (2022-01-04): see attached  LLC Docs
 01/05/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216435306 437220309 23936203 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided Please provide the corporate resolution. Reviewer Comment (2022-01-05): Client provided Corporate Resolution.


Seller Comment (2022-01-04): see attached  LLC Docs
 01/05/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216435306 437220309 23936206 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided Please provide the certificate of good standing. Reviewer Comment (2022-01-05): Client provided Certificate of Status (Certificate of Good Standing).


Seller Comment (2022-01-04): see attached  LLC Docs
 01/05/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216435306 437220309 23936207 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided Please provide the Articles of Organization/Formation. Reviewer Comment (2022-01-05): Client provided Articles of Organization.


Seller Comment (2022-01-04): see attached  LLC Docs
 01/05/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216435306 437220309 23936227 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Please provide the post-disaster inspection after the remnants of hurricane XXXX which ended XXX/XX/XX. Reviewer Comment (2022-01-05): Client provided Post Disaster Inspection Report and photos dated xx/xx/xxperty did not suffer damage from remnants of [Redact].


Seller Comment (2022-01-04): see attached
 01/05/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216435307 437220312 23938190 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided Reviewer Comment (2022-01-12): Client provided Articles of Organization.


Seller Comment (2022-01-11): see attached


Reviewer Comment (2022-01-10): No new documentation. Please provide Articles of Organization for xxx.


Reviewer Comment (2022-01-06): Articles of Organization uploaded were for xxx.  Provide Articles of Organization for xxx.


Seller Comment (2022-01-05): see attached
 01/12/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216435307 437220312 23938192 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided Reviewer Comment (2022-01-12): Client provided Certificate of Good Standing (Certificate of Status).


Reviewer Comment (2022-01-10): No new documentation. Please provide the Certificate of Good Standings for xxx.


Reviewer Comment (2022-01-06): Certificate of Good Standing (Certificate of Status) uploaded was for xxx.  Provide Certificate of Good Standing (Certificate of Status) for xxx.


Seller Comment (2022-01-05): see attached
 01/12/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216435307 437220312 23938195 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided Reviewer Comment (2022-01-12): Client provided copy of Corporate Resolution (Borrowing Resolution).


Seller Comment (2022-01-11): see attached


Reviewer Comment (2022-01-10): No new documentation. Please provide the Corporate Resolution for xxx.


Reviewer Comment (2022-01-06): Corporate Resolution (Borrowing Resolution) uploaded was for xxx.  Provide Corporate Resolution (Borrowing Resolution) for xxx.


Seller Comment (2022-01-05): see attached
 01/12/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216435307 437220312 23938262 Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Missing BK statement Reviewer Comment (2022-01-12): Client provided Final CDs for [Redact] properties that were previously jointly owned.  Refinance done to buyout borrower's portion of the four properties.  Funds from buyout are sufficient to meet reserves.


Reviewer Comment (2022-01-10): No new documentation. Please provide Asset documentation sufficient to cover funds to close for the subject transaction.


Seller Comment (2022-01-06): see attached
 01/12/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216435307 437220312 23938281 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Reviewer Comment (2022-01-12): Client provided Post Disaster Inspection Report and photos dated xx/xx/xxperty was not damaged by remnants of [Redact].


Seller Comment (2022-01-11): see attached


Reviewer Comment (2022-01-10): No new documentation. Please provide Post Close Inspection Report for the subject property.


Reviewer Comment (2022-01-06): The Post Disaster Inspection Report that was uploaded is for the wrong property.  The inspection report is for xxx.  Provide a Post Disaster Inspection Report and photos for the subject property.


Seller Comment (2022-01-05): see attached
 01/12/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216435307 437220312 23950457 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided Please provided EIN verification. Reviewer Comment (2022-01-12): Client provided Employer Identification Number from the IRS.


Seller Comment (2022-01-11): see attached


Reviewer Comment (2022-01-10): No new documentation. Please provide EIN documentation for xxx.


Reviewer Comment (2022-01-06): Employer Identification Number uploaded was for xxx.  Provide Employer Identification Number for xxx.


Seller Comment (2022-01-05): see attached
 01/12/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216435308 437220313 23938978 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 An acceptable CU score or CDA was not provided. Reviewer Comment (2022-01-05): Client provided a CDA from xxx.


Seller Comment (2022-01-04): see attached
 01/05/2022 1 A NY Investment Refinance - Rate/Term D A C A D A No
216435308 437220313 23939084 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Reviewer Comment (2022-01-05): Client provided Post Disaster Inspection Report and photos dated xx/xx/xxperty did not suffer damage from [Redact].


Seller Comment (2022-01-04): see attached
 01/05/2022 1 A NY Investment Refinance - Rate/Term D A C A D A No
216435309 437220315 23939134 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided Please provide the certificate of good standing. Reviewer Comment (2022-01-05): Client provided Certificate of Status (Certificate of Good Standing).


Seller Comment (2022-01-04): see attached
 01/05/2022 1 A NY Investment Refinance - Rate/Term C B C B A A No
216435309 437220315 23939137 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Title Preliminary not provided Please provide the preliminary title commitment. Reviewer Comment (2021-12-23): Client provided preliminary title report.


Seller Comment (2021-12-21): see attached
 12/23/2021 1 A NY Investment Refinance - Rate/Term C B C B A A No
216435309 437220315 23939226 Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file. Please provide the final title policy. Reviewer Comment (2021-12-23): Client provided preliminary title report.
 12/23/2021 1 A NY Investment Refinance - Rate/Term C B C B A A No
216435309 437220315 23939249 Credit Loan Package Documentation Closing / Title Title Title: Evidence of title is missing Please provide evidence of title. Reviewer Comment (2021-12-23): Client provided preliminary title report.


Seller Comment (2021-12-21): see title commitment uploaded
 12/23/2021 1 A NY Investment Refinance - Rate/Term C B C B A A No
216435309 437220315 23939252 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Please provide a post-disaster inspection after the remnants of Hurricane XXXX which ended on xx/xx/xx21. Reviewer Comment (2022-01-05): Client provided Post Disaster Inspection Report and photos dated xx/xx/xx.  Property did not suffer damage from remnants of [Redact].


Seller Comment (2022-01-04): see attached
 01/05/2022 1 A NY Investment Refinance - Rate/Term C B C B A A No
216435309 437220315 23951314 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. $xxx,xx hazard insurance coverage shortfall based on the estimated cost new reflected on the appraisal. Reviewer Comment (2021-12-22): 100%
 12/22/2021 1 A NY Investment Refinance - Rate/Term C B C B A A No
216435309 437220315 24257073 Credit Title General Title Final Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2022-01-25): Client provided Final Title Policy with coverage in the amount of $[Redact].


Seller Comment (2022-01-20): see attached
 01/25/2022 1 A NY Investment Refinance - Rate/Term C B C B A A No
216435309 437220315 24257081 Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B NY Investment Refinance - Rate/Term C B C B A A No
216435360 437220958 23946520 Credit Missing Document General Missing Document Missing Document: 1007 Rent Comparison Schedule not provided Please provide 1007 that is required and was missing from the file. Reviewer Comment (2021-12-20): Client provided Comparable Rent Schedule.


Seller Comment (2021-12-17): Attached 1007
 12/20/2021 1 A PA Investment Purchase C A C A A A No
216435387 437221383 24029660 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Provide CPA letter with indication if the business is active or in good standing, start date and length of time as SE. Reviewer Comment (2021-12-22): Client provided State Corporate Entity Search showing the start date of xx/xx/xx business is active.


Seller Comment (2021-12-20): CPA Letter


Seller Comment (2021-12-20): xxx Department of State Entity Information
 12/22/2021 1 A FL Second Home Purchase C A C A A A A A Non QM Non QM No
216435390 437221408 24034839 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Verification appraisal was delivered to borrower was not provided. Reviewer Comment (2022-02-08): Aggregator elects to waive.
 02/08/2022 2 B OR Primary Purchase B B A A B B A A Non QM Non QM No
216435403 437221494 24052812 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Reviewer Comment (2021-12-30): Client provided income worksheet.


Seller Comment (2021-12-29): Income docs
 12/30/2021 1 A WA Primary Purchase C A C A A A A A Non QM Non QM No
216435405 437220136 24036737 Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Disclosure not available for review. Reviewer Comment (2021-12-21): Client provided SSPL
 12/21/2021 1 A UT Primary Refinance - Cash-out - Other No Defined Cure C B B B C A A A Non QM Non QM No
216435405 437220136 24036776 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded. Total amount of $XXX,xx exceeds tolerance of $XXX,xx plus [redacted] or $XXX,xx.  Insufficient or no cure was provided to the borrower. Tolerance exceeded. No cure provided. Please send in SSPL. Unable to determine allocation of fees to providers and determine if the fee addition is acceptable or requires cure. Reviewer Comment (2021-12-21): Client provided SSPL


Seller Comment (2021-12-17): SSPL
 12/21/2021 1 A UT Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C A A A Non QM Non QM Yes
216435405 437220136 24079519 Credit Credit Miscellaneous Guideline Credit Exception: The Property has [redacted] kitchens and multiple ADUs. The representative FICO score exceeds the guideline minimum by at least xx points.

The qualifying DTI on the loan is at least xx% less than the guideline maximum.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.		 Originator,Owner

Owner

Originator,Owner

Owner

Owner

Owner		 Reviewer Comment (2021-12-13): Lender Exception with Comp Factors provided for regrade and waive.
 12/13/2021 2 B UT Primary Refinance - Cash-out - Other C B B B C A A A Non QM Non QM No
216435406 437220155 24079464 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Provide all appraisals and evidence they were all sent to the borrower at least 3 days prior to closing. Reviewer Comment (2022-01-10): Proof of receipt of appraisal provided in trailing documents. Exception cleared.
 01/10/2022 1 A NV Primary Purchase C A A A C A A A Non QM Non QM No
216435406 437220155 24079465 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted].  Non-Compliant Higher Priced Mortgage Loan. Waterfall grading Reviewer Comment (2022-02-28): Loan is compliant


Seller Comment (2022-02-24): xx/xx [Redact] -   This is a waterfall grading.  If the previous condition causing the waterfall grading was removed why is this still on?  Please advise.
 02/28/2022 1 A NV Primary Purchase C A A A C A A A Non QM Non QM No
216435406 437220155 24079466 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least [redacted] days prior to closing. Reviewer Comment (2022-01-10): Proof of receipt of appraisal provided in trailing documents. Exception cleared.


Seller Comment (2022-01-07): xx/xx [Redact] See attached confirmation of delivery of the updated appraisal on [Redact]


Seller Comment (2022-01-07): xx/xx [Redact] See attached confirmation of delivery of the updated appraisal on xx/xx/xx
 01/10/2022 1 A NV Primary Purchase C A A A C A A A Non QM Non QM No
216435406 437220155 24457961 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Report date on appraisal is [redacted]. Appraisal was provided prior to report date Reviewer Comment (2022-02-04): Appraisal  effective date is [Redact] and report date is [Redact].
Appraisal was sent to borrower on [Redact]. Exception cleared.


Seller Comment (2022-02-02): xx/xx [Redact] - The last report was dated xx/xx see attached. The report from xx/xx was a final inspection does not list any value  - no impacts to original report.
 02/04/2022 1 A NV Primary Purchase C A A A C A A A Non QM Non QM No
216437129 437220310 23947064 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide the fraud report. Reviewer Comment (2022-01-06): Client provided DRIVE Fraud Report.


Seller Comment (2022-01-05): see attached
 01/06/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216437129 437220310 23947121 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided Please provide the Articles or Organization/Formation. Reviewer Comment (2022-01-06): Client provided Article of Organization.


Seller Comment (2022-01-05): see attached
 01/06/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216437129 437220310 23947130 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided Please provide the Corporate Resolution. Reviewer Comment (2022-01-06): Client provided Corporate Resolution (Borrowing Resolution).


Seller Comment (2022-01-05): see attached
 01/06/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216437129 437220310 23947131 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided Please provide the certificate of good standing. Reviewer Comment (2022-01-06): Client provided Certificate of Good Standing (Certificate of Status).


Seller Comment (2022-01-05): see attached
 01/06/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216437129 437220310 23947157 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Title Preliminary not provided Please provide the preliminary title commitment. Reviewer Comment (2021-12-23): Client provided copy of title commitment.


Seller Comment (2021-12-21): see attached
 12/23/2021 1 A NY Investment Refinance - Rate/Term C A C A A A No
216437129 437220310 23947162 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided Please provide the employer identification number (EIN). Reviewer Comment (2022-01-06): Client provided Employer ID Number from the IRS.


Seller Comment (2022-01-05): see attached
 01/06/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216437129 437220310 23947181 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Please provide the post-disaster inspection after the remnants of Hurricane XXXX which ended XXX/XX/XX. Reviewer Comment (2022-01-06): Client provided Post Disaster Inspection Report and photos dated xx/xx/xxperty did not suffer damage from remnants of [Redact].


Seller Comment (2022-01-05): see attached
 01/06/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216437129 437220310 23947210 Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Please provide verification of funds to close. Reviewer Comment (2022-01-12): Four properties previously owned jointly, secured by a blanket loan.  Borrower's paid off blanket loan and xxx bought out xxx on 3 of the properties and xxx bought out xxx on 4 properties.  Final CDs for the four properties xxx used to buyout xxx have been provided.


Reviewer Comment (2022-01-10): No new documentation received. Please provide documentation of assets needed to close.


Seller Comment (2022-01-06): see attached
 01/12/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216437129 437220310 23954054 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Please provide the replacement cost estimator, as there is a $XXX,xx hazard insurance coverage shortfall. Reviewer Comment (2021-12-22): 100%
 12/22/2021 1 A NY Investment Refinance - Rate/Term C A C A A A No
216437130 437220314 23947622 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Reviewer Comment (2022-01-06): Client provided Post Disaster Inspection and photos dated xx/xx/xxperty was not damaged by remnants of [Redact].


Seller Comment (2022-01-05): see attached
 01/06/2022 1 A NY Investment Refinance - Rate/Term D A C A D A No
216437130 437220314 23947666 Compliance Compliance State Compliance State Late Charge Note Error: Note late charge percentage exceeds maximum per state Late charge of [redacted] exceeds the maximum allowed of [redacted] Reviewer Comment (2021-12-23): Seller elects to acknowledge this exception.
 12/23/2021 2 B NY Investment Refinance - Rate/Term D A C A D A No
216437130 437220314 23947670 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 Investor to provide CDA Reviewer Comment (2022-01-06): Client provided CDA from xxx.


Seller Comment (2022-01-05): see attached
 01/06/2022 1 A NY Investment Refinance - Rate/Term D A C A D A No
216437130 437220314 23947787 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Title Preliminary not provided Reviewer Comment (2021-12-23): Client provided preliminary title report.


Seller Comment (2021-12-21): see attached
 12/23/2021 1 A NY Investment Refinance - Rate/Term D A C A D A No
216437130 437220314 23947870 Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Missing verification of required assets needed to close ($XXX,xx). Reviewer Comment (2022-01-12): Client provided Final CDs for 3 properties that were previously jointly owned that have been refinanced to buyout the borrower's interest.


Reviewer Comment (2022-01-10): Lender correspondence states borrower received $xxx from buyout however CD received doesn't reflect this amount. Please provide adequate documentation to support. Exception remains.


Seller Comment (2022-01-06): see attached
 01/12/2022 1 A NY Investment Refinance - Rate/Term D A C A D A No
216437254 437221163 24039753 Credit Title General Title Final Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2021-12-20): Client provided Final Title Policy with coverage in the amount of $xxx.


Seller Comment (2021-12-17): Please see attached Final Title Policy.
 12/20/2021 1 A NY Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216437254 437221163 24039755 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Final policy not provided in file. Reviewer Comment (2021-12-20): Client provided Final Title Policy with coverage in the amount of $xxx.
 12/20/2021 1 A NY Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216437254 437221163 24039763 Credit Title General Title Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2021-12-20): Client provided Final Title Policy with coverage in the amount of $xxx.


Seller Comment (2021-12-17): Please see attached Final Title Policy.
 12/20/2021 1 A NY Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216437254 437221163 24040509 Compliance Compliance Federal Compliance TILA TILA - Impermissible Prepayment Penalty Truth in Lending Act (Dodd-Frank 2014): Covered transaction contains impermissible prepayment penalty. The PPP is failing Dodd-Frank because there was no Loan Comparison Summary provided in file. Signed Business Purpose Certification and Loan Comparison required. Reviewer Comment (2022-01-10): Business Purpose Certificate provided. Exception cleared.


Seller Comment (2022-01-07): Please see attached Tangible Net Benefit Disclosure.


Reviewer Comment (2022-01-05): Signed Business Purpose Certification provided, however the Loan Comparison Summary not provided. Exception remains.


Seller Comment (2022-01-03): Good afternoon. Please review the attached to clear this suspense condition. Thank you and [Redact]!

xxx
 01/10/2022 1 A NY Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216437254 437221163 24040524 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Prepayment Penalty Amount TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on XXXXX/XX/XXh a prepayment payment disclosed the maximum prepayment penalty amount that does not match the actual maximum amount for the loan. Final Closing Disclosure provided on XXXXX/XX/XXh a prepayment payment disclosed the maximum prepayment penalty amount that does not match the actual maximum amount for the loan.  The CD does not take into account the [redacted] exclusion. Reviewer Comment (2022-01-05): Client requested buyer review.


Seller Comment (2021-12-17): Seller requests buyer review: Please waive or clear  - Condition Grade 2
 01/05/2022 2 B NY Investment Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A N/A Exempt from ATR Yes
216437254 437221163 24059420 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided There were no UW approvals or 1008s in file.  Please provide the final 1008 and/or all of the UW Approvals. Reviewer Comment (2021-12-21): Client provided 1008.


Seller Comment (2021-12-17): Please see attached 1008.
 12/21/2021 1 A NY Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216437254 437221163 24386503 Compliance Compliance Federal Compliance ATR/QM Defect Other Income - Not to be used for qualifying Qualified Mortgage (Dodd-Frank 2014): Income used to qualify borrower(s) not permitted for use under Appendix Q. Reviewer Comment (2022-01-10): Business Purpose Certificate provided. Exception cleared.
 01/10/2022 1 A NY Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216437254 437221163 24386504 Compliance Compliance Federal Compliance ATR/QM Defect QM Points and Fees 2021 Qualified Mortgage (Dodd Frank 2014): Points and Fees on subject loan of [redacted] is in excess of the allowable maximum of  [redacted] of the Federal Total Loan Amount. Points and Fees total $XXX,xx on a Federal Total Loan Amount of $XXX,xx vs. an allowable total of $XXX,xx (an overage of $XXX,xx or [redacted]). Reviewer Comment (2022-01-10): Business Purpose Certificate provided. Exception cleared.
 01/10/2022 1 A NY Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216437277 437221164 24039054 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Please provide the final title policy. Reviewer Comment (2021-12-21): Client provided Final Title Policy with coverage in the amount of $[Redact]
 12/21/2021 1 A NY Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216437277 437221164 24039219 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Please provide the replacement cost estimator, or increased insurance coverage, as there is a hazard insurance coverage shortfall of [redacted]. Reviewer Comment (2022-01-11): Client provided revised Evidence of Property Insurance showing Dwelling coverage in the amount of $[Redact].


Seller Comment (2022-01-07): Updated dwelling coverage and paid receipt


Reviewer Comment (2021-12-22): The Replacement Cost Estimator shows the Estimated Replacement Cost is $[Redact].  The Policy Information Page shows coverage in the amount of $[Redact].  There is a coverage shortfall.  Provide revised insurance document showing coverage in an amount no less than the replacement cost.


Seller Comment (2021-12-21): RCE [Redact] x 80% = [Redact]. $[Redact]0 dwelling coverage is sufficient
 01/11/2022 1 A NY Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216437277 437221164 24039620 Compliance Compliance Federal Compliance TILA TILA - Impermissible Prepayment Penalty Truth in Lending Act (Dodd-Frank 2014): Covered transaction contains impermissible prepayment penalty. The PPP is  not permissible in the state of [redacted]. Reviewer Comment (2022-03-10): Rec'd signed BPC


Seller Comment (2022-03-07): see attached business purpose letter.


Reviewer Comment (2022-02-09): The net tangible benefit disclosure does not meet the requirements.  The lender must provide a comparison with a loan without a prepayment penalty as a choice for the borrower and it cannot be a comparison of the existing loan.  Exception remains.


Seller Comment (2022-02-08): Please see attached net tangible benefit disclosure


Reviewer Comment (2022-01-25): The Tangible Net Benefit Disclosure was provided but not not meet the requirements because it is a comparison of the new loan with the existing loan.  The lender must provide a loan comparison of new loan with the prepayment penalty with another product option without a prepayment penalty.  Exception remains.


Seller Comment (2022-01-21): Please see attached.


Reviewer Comment (2022-01-21): Exception is generating because file is missing a loan summary comparison disclosure to the borrower showing an alternative mortgage available without a prepayment penalty. Exception remains


Seller Comment (2022-01-19): see attached pccd docs


Reviewer Comment (2022-01-18): Provide the Business Purpose Certificate or Letter of Explanation for the use of funds from the Cash Out Refinance.


Seller Comment (2022-01-13): please waive, loan is not subprime and ppp is allowable.
 03/10/2022 1 A NY Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216437277 437221164 24059871 Credit Title General Title Final Title Policy Coverage is less than Original Loan Amount. Please provide the final title policy with coverage of [redacted], as the preliminary title commitment reflects a coverage shortfall of [redacted]. Reviewer Comment (2021-12-21): Client provided Final Title Policy with coverage in the amount of $[Redact]


Seller Comment (2021-12-20): [Redact] upload document to portal please advise if anything else is needed.
 12/21/2021 1 A NY Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216437277 437221164 24062377 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Prepayment Penalty Amount TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with a prepayment payment disclosed the maximum prepayment penalty amount that does not match the actual maximum amount for the loan. Maximum PPP is [redacted] as there is a [redacted] exclusion of OPB that is not eligible for the prepayment penalty. Reviewer Comment (2022-01-19): [Redact] received Letter of Explanation & Corrected Closing Disclosure.


Seller Comment (2022-01-19): see attached pccd docs


Reviewer Comment (2022-01-18): Provide the Business Purpose Certificate or Letter of Explanation for the use of funds from the Cash Out Refinance.


Seller Comment (2022-01-13): Seller requests buyer review: EV2, please waive.
 01/19/2022 2 B NY Investment Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A N/A Exempt from ATR Yes
216437277 437221164 24166238 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - CPA letter indicates the borrower has been self employed for since [redacted], but not how long the business used to qualify has been open. Please provide evidence of the start date of the borrower's business. If open less than [redacted] years, provide prior business information and corrected 1003. Reviewer Comment (2021-12-23): Client provided D&B Business Directory print out showing business was started in [Redact] and the [Redact] is [Redact].


Seller Comment (2021-12-21): Evidence the business has been open longer than 2 years
 12/23/2021 1 A NY Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216437277 437221164 24471881 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Escrowed Property Costs Year 1 -  October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Escrowed Property Costs over Year [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Hazard insurance premium increased to [redacted] once dwelling coverage was increased to [redacted] to meet the minimum coverage as shown on the Replacement Cost Estimator.  Provide PCCD with updated escrow data. Reviewer Comment (2022-01-19): [Redact] received Letter of Explanation & Corrected Closing Disclosure.


Seller Comment (2022-01-19): see attached pccd docs
 01/19/2022 2 B NY Investment Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A N/A Exempt from ATR Yes
216437277 437221164 24471883 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment Under Disclosed TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream [redacted] that does not match the actual payment for the loan. Hazard insurance premium increased to [redacted] once dwelling coverage was increased to [redacted] to meet the minimum coverage as shown on the Replacement Cost Estimator.  Provide PCCD with updated escrow data. Reviewer Comment (2022-01-19): [Redact] received Letter of Explanation & Corrected Closing Disclosure.


Seller Comment (2022-01-19): see attached pccd docs
 01/19/2022 2 B NY Investment Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, and Corrected CD C B C A C B A A N/A Exempt from ATR Yes
216437801 437221394 23956021 Credit Credit Miscellaneous Guideline Credit Exception: No mortgage payment history was provided for either the XXXX property or the subject property. Please forward. Reviewer Comment (2021-12-21): Client provided mortgage statements for both properties as well as account history printout.


Seller Comment (2021-12-20): Mortgage payment history
 12/21/2021 1 A NY Investment Refinance - Cash-out - Other C A C A A A No
216437802 437221464 23950124 Credit Insurance Insurance Analysis Insurance The Hazard Insurance Policy effective date is after the Note Date. HOI policy is dated XXXXX/XX/XXch is after the note date of XXXXX/XX/XXease provide hazard which was effective at closing. Reviewer Comment (2021-12-20): Client provided revised Insurance Declarations Page showing the policy effective date of x/xx/xx.


Seller Comment (2021-12-17): Updated Ins
 12/20/2021 1 A FL Investment Purchase C A C A A A No
216439469 437220948 23948863 Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - Please forward the [redacted] month of documentation for the XXXX acct [redacted] assets. Reviewer Comment (2021-12-22): Client provided xxx statement for account xxxxor the period of xx/xx/xx x/xx/xx.


Seller Comment (2021-12-20): xxx xxx statement for acct [Redact]
 12/22/2021 1 A TX Investment Purchase C A C A A A No
216439471 437220916 23954619 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Please provide a replacement cost estimator, as there is a [redacted] hazard insurance coverage shortfall. Reviewer Comment (2022-02-15): HOI Binder reflects 100% Replacement Cost Coverage and meets guideline requirements; exception cleared.


Seller Comment (2022-02-09): • [Redact] cert confirming the HOI coverage meets [Redact] Guidelines


Reviewer Comment (2022-01-31): Please forward increased coverage, Estimated Replacement Cost coverage, or Guaranteed Replacement Cost Coverage (which is different from 100% Replacement Cost Coverage).


Seller Comment (2022-01-27): HOI for [Redact]  - • HOI for the subject property confirming 100% replacement cost coverage


Reviewer Comment (2022-01-25): Policy provided in trailing docs is not for the subject property.  Exception remains.


Seller Comment (2022-01-21): • HOI policy confirming 100% replacement cost coverage
 02/15/2022 1 A NY Investment Refinance - Cash-out - Other C A C A A A No
216439476 437221621 23954749 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - The documents to verify the property are missing Reviewer Comment (2021-12-16): Leases provided for all rental properties. Guidelines do not require for other owned properties costs to be documented or verified.


Seller Comment (2021-12-13): Copy of lease agreement
 12/16/2021 1 A PA Primary Purchase C A C A A A A A Non QM Non QM No
216439476 437221621 23961575 Credit Missing Document General Missing Document Missing Document: Desk Review not provided The CDA is required, please provide Reviewer Comment (2021-12-16): CDA received


Seller Comment (2021-12-15): CDA
 12/16/2021 1 A PA Primary Purchase C A C A A A A A Non QM Non QM No
216439478 437220491 23961436 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided 12/23/2021 1 A CA Primary Purchase C B C B C B A A Non QM Non QM No
216439478 437220491 23961441 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided 12/23/2021 1 A CA Primary Purchase C B C B C B A A Non QM Non QM No
216439478 437220491 23961449 Credit Loan Package Documentation Application / Processing Insurance Missing Document: Flood Certificate not provided 12/23/2021 1 A CA Primary Purchase C B C B C B A A Non QM Non QM No
216439478 437220491 23961483 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $xxx,xx exceeds tolerance of $xxx,xx.  Insufficient or no cure was provided to the borrower. 12/30/2021 2 B CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
216439478 437220491 23961485 Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.		 [redacted] years

[redacted] or greater under requirement		 Owner

Owner,Originator

Owner,Originator		 Reviewer Comment (2022-02-03): Approved lender exception provided.


Reviewer Comment (2022-02-03): Exception Explanation Updated from: Documented qualifying Assets for Closing of  $[Redact] is less than Cash From Borrower $[Redact].


Seller Comment (2022-02-03): Exception Approval provided.
 02/03/2022 2 B CA Primary Purchase C B C B C B A A Non QM Non QM No
216439478 437220491 23998870 Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves discrepancy. Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.		 [redacted] years

[redacted] or greater under requirement		 Owner

Owner,Originator

Owner,Originator		 Reviewer Comment (2022-02-03): Approved lender exception provided.


Reviewer Comment (2022-02-03): Exception Explanation Updated from: Calculated Available for Reserves of $[Redact] is less than Guideline Available for Reserves of $[Redact].
 02/03/2022 2 B CA Primary Purchase C B C B C B A A Non QM Non QM No
216439478 437220491 24256962 Credit Credit Miscellaneous Guideline Credit Exception: Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.		 [redacted] years

[redacted] or greater under requirement		 Owner

Owner,Originator

Owner,Originator		 Reviewer Comment (2022-02-03): Approved lender exception provided.
 02/03/2022 2 B CA Primary Purchase C B C B C B A A Non QM Non QM No
216439480 437220512 23941344 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. Closing Disclosure was not provided to Borrower at least [redacted] business days prior to closing. Reviewer Comment (2021-12-10): Received initial CD.


Seller Comment (2021-12-09): Initial CD uploaded.
 12/10/2021 1 A CA Primary Refinance - Rate/Term No Defined Cure C A A A C A A A Non QM Non QM No
216439480 437220512 24064604 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. xxx received initial CD, but CD was not signed.  Need confirmation of receipt for initial CD. Reviewer Comment (2021-12-15): xxx received disclosure tracking indicating the initial CD was received the same day issued.


Seller Comment (2021-12-13): Copy of ICD tracking details uploaded. Please clear this exception. Thank you!
 12/15/2021 1 A CA Primary Refinance - Rate/Term No Defined Cure C A A A C A A A Non QM Non QM No
216439486 437220144 23936932 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003 12/16/2021 1 A MS Primary Purchase C A C A C A A A Non QM Non QM No
216439486 437220144 23937267 Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account Statement Missing RESPA: Initial escrow account statement was not provided to the borrower. 01/27/2022 1 A MS Primary Purchase C A C A C A A A Non QM Non QM Yes
216439486 437220144 23937268 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXexceeds tolerance of $XXX  Sufficient or excess cure was provided to the borrower at Closing. 12/03/2021 1 A MS Primary Purchase Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
216439486 437220144 23937269 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $XXXexceeds tolerance of $XXX  Sufficient or excess cure was provided to the borrower at Closing. 12/03/2021 1 A MS Primary Purchase Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
216439486 437220144 23946245 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. 01/21/2022 1 A MS Primary Purchase C A C A C A A A Non QM Non QM No
216439486 437220144 23946246 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted].  Non-Compliant Higher Priced Mortgage Loan. 01/21/2022 1 A MS Primary Purchase C A C A C A A A Non QM Non QM No
216439486 437220144 23946247 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. 01/21/2022 1 A MS Primary Purchase C A C A C A A A Non QM Non QM No
216439486 437220144 24629309 Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account statement Inaccurate RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. Reviewer Comment (2022-02-02): verified CD and disclosure.  Exception cleared
 02/02/2022 1 A MS Primary Purchase C A C A C A A A Non QM Non QM Yes
216439488 437220137 23937315 Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Amount verified accurately Reviewer Comment (2022-01-18): Asset documentation received.


Seller Comment (2022-01-13): [Redact] [Redact] - can you please provide the status on the rebuttal  I have Requested on [Redact] -
thank you
[Redact]


Reviewer Comment (2022-01-10): No new document provided. Gift letter and wire confirmation received, however the wire confirmation does not reflect the donor's account number referenced by the gift letter. Exception remains.


Seller Comment (2022-01-07): [Redact] [Redact] - please rebuttal there is no Condo questionnaire fee.


Reviewer Comment (2021-12-30): Gift letter and wire confirmation received, however the wire confirmation does not reflect the donor's account number referenced  in the gift letter. Exception remains.


Seller Comment (2021-12-28): Gift at close  Wire information


Reviewer Comment (2021-12-23): We are in receipt of the Gift Letter from the borrower's father in the amount of $xxxxThe letter states funds would be wired directly to the closing company.  Provide documentation that show funds coming from donor's account and transferring to the closing company.


Seller Comment (2021-12-21): Gift letter attached


Reviewer Comment (2021-12-16): The Gift Letter was not uploaded.  Provide copy of Gift Letter.


Seller Comment (2021-12-10): Gift letter


Seller Comment (2021-12-10): Gift at close


Seller Comment (2021-12-10): Ø Gift funds of $xxxx and $xxx from xxx xxxx are the funds for this loan.  xxx was transferred at close. $xxx is the amount for the deposits after the xxx loan was deposited on x/xx minus a xxx transfer, xxx xxx deposit and xxk for the xxx.
 01/18/2022 1 A CO Primary Purchase C A C A C A A A Non QM Non QM No
216439488 437220137 23937504 Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Providing SSPL can change whether cures need to be provided on [redacted] and [redacted] fees. Reviewer Comment (2021-12-14): [Redact] received updated Settlement Service Provider List.
 12/14/2021 1 A CO Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
216439488 437220137 23937505 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted].  Insufficient or no cure was provided to the borrower. Ten percent fee exceeds guideline tolerance without a valid COC. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2021-12-14): [Redact] received updated SSPL and Borrower shopped for own service provider. Also, fees were not bound by a tolerance.


Seller Comment (2021-12-13): SSPL
 12/14/2021 1 A CO Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
216439488 437220137 23937506 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $xxx,xx exceeds tolerance of $x,xx.  Insufficient or no cure was provided to the borrower. Appraisal re-inspection fee exceeds guideline tolerance without a valid COC. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2021-12-14): [Redact] received sufficient cure at closing for the Appraisal Re-Inspection fee increased.


Seller Comment (2021-12-13): SSPL
 12/14/2021 1 A CO Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
216439488 437220137 23937508 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Processing Fee.  Fee Amount of $xxx,xx exceeds tolerance of $x,xx.  Insufficient or no cure was provided to the borrower. Title processing fee exceeds guideline tolerance without a valid COC. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2021-12-14): [Redact] received updated SSPL and Borrower shopped for own service provider. Also, fee is not bound by a tolerance.


Seller Comment (2021-12-13): SSPL
 12/14/2021 1 A CO Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
216439488 437220137 23937509 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Endorsement Fee.  Fee Amount of $xx,xx exceeds tolerance of $x,xx.  Insufficient or no cure was provided to the borrower. Title Endorsement fee exceeds guideline tolerance without a valid COC. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2021-12-14): [Redact] received updated SSPL and Borrower shopped for own service provider. Also, fee is not bound by a tolerance.
 12/14/2021 1 A CO Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
216439488 437220137 23946351 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for HOA/Condo Questionnaire.  Fee Amount of $xxx,xx exceeds tolerance of $x,xx.  Insufficient or no cure was provided to the borrower. Fee Amount of $xxx,xx exceeds tolerance of $x,xx. Insufficient or no cure was provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2021-12-21): [Redact] received corrected PCCD with LOE for the HOA Status letter fee with Title designated and Selected Same name provider. Also, fee is not bound by a tolerance.


Seller Comment (2021-12-21): PCCD attached


Reviewer Comment (2021-12-14): [Redact] received updated SSPL. However, HOA Status letter fee added on final CD is in sec C and paid to title services. Also, this fee is under the services borrower shopped. Provide corrected PCCD designated with title word in order to clear the exception or provide cure documents.


Seller Comment (2021-12-13): See same SSPL provided
 12/21/2021 1 A CO Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
216439488 437220137 23946374 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Reviewer Comment (2021-12-30): Gift funds provided at closing. Exception cleared.
 12/30/2021 1 A CO Primary Purchase C A C A C A A A Non QM Non QM No
216439488 437220137 24043645 Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Percent Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted]  is less than amount of binding Lender Credit previously disclosed in the amount of [redacted]. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2021-12-29): [Redact] received VCC and CD, exception cleared.


Seller Comment (2021-12-28): Lender credit COC


Reviewer Comment (2021-12-15): [Redact] received lender rebuttal that lender credit allocated to state tax stamps.  However, that is not a valid reason for a decrease in lender credit.  Provide additional information for a valid changed circumstance for a decrease in lender credit or cure is due.


Seller Comment (2021-12-13): $xx of the lenders credit was allocated to the Deed State Tax/Stamps
 12/29/2021 1 A CO Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
216439488 437220137 24312803 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on xx/xx/xx disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated xx/xx/xx). HOA Condo Questionairre was added without a VCC, please provide VCC or cure. Reviewer Comment (2022-01-25): [Redact] received further information as to purpose of fee, not finance charge


Seller Comment (2022-01-21): [Redact] [Redact] -  letter from closing manager on the HOA fee.


Reviewer Comment (2022-01-18): The fee in question is the Title - HOA Status Letter Fee.  Please read the comment from xx/xx/xx for detailed information on what is needed to clear this exception.


Reviewer Comment (2022-01-18): The following comment was entered by the client under a different exception; copied here for comment trail - [Redact] [Redact] - can you please provide the status on the rebuttal  I have Requested on [Redact] -
thank you
[Redact]


Reviewer Comment (2022-01-18): [Redact] [Redact] - can you please provide the status on the rebuttal  I have Requested on [Redact] -
thank you
[Redact]


Reviewer Comment (2022-01-14): No new documents have been provided.  Refer to the comment from xx/xx/xx for instructions on what is needed to clear this exception.


Seller Comment (2022-01-13): PCCD Final


Reviewer Comment (2022-01-10): Final CD reflects a HOA Status Letter Fee in Section C and the Corrected CD revised fee name to Title-HOA Status letter fee.  Unable to determine purpose of fee and if a Finance Charge. Please provide attestation regarding purpose of this fee or please provide corrected CD, LOE, refund check, and proof of delivery to cure.


Seller Comment (2022-01-07): [Redact] [Redact] -  please  rebuttal on this one there is no Condo questionnaire fee.
 01/25/2022 1 A CO Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C A C A C A A A Non QM Non QM Yes
216439488 437220137 24317479 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $xxx,xx exceeds tolerance of $x,xx.  Sufficient or excess cure was provided to the borrower at Closing. Appraisal Final Inspection Fee was not disclosed on LE but disclosed as $xxx,xx on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2021-12-30): Sufficient Cure Provided At Closing
 12/30/2021 1 A CO Primary Purchase Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
216439489 437220922 23937442 Compliance Compliance Federal Compliance TILA TILA NMLSR - Individual Originator License Status Not Approved Truth in Lending Act (NMLSR Dodd- Frank 2014): Individual Loan Originator not in approved license status to conduct loan origination activities. Loan Officer approved to represent however not licensed until XXX/XX/XX. Reviewer Comment (2021-12-28): NMLS confirms the originator was authorized to conduct business from xx/xx/xx/xx/xx authorized again beginningxx/xx/xxesent. Exception cleared.


Seller Comment (2021-12-23): NMLS history for the Loan Officer confirming he was approved to originate loans prior to the application being taken
 12/28/2021 1 A CA Primary Refinance - Rate/Term C A A A C A A A Non QM Non QM No
216439491 437220949 23940711 Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. File missing credit supplement to show paid through closing.  Date of last activity is X/XX transaction date xxx x, xxxx. Reviewer Comment (2021-12-28): Credit report supplement provided verifying mortgage current up to time of closing. Exception cleared.


Seller Comment (2021-12-23): Credit supplement confirming the mortgage was paid as agreed through xxx xxx
 12/28/2021 1 A CA Investment Refinance - Cash-out - Other C A C A B A A A Exempt from ATR Exempt from ATR No
216439491 437220949 23941448 Compliance Compliance State Compliance State Defect XXX Prepayment Penalty XXX Prepayment Penalty: Maximum prepay  allowed is [redacted] months interest calculated on [redacted] of the original balance ($XXX,xx).  Loan contracts for maximum calculated prepay of $XXX,xx, which exceeds max allowable. Prepay may be impermissible depending on the lender's license type.  Prepay language states prepay will not exceed maximum permitted by applicable law. Reviewer Comment (2021-12-28): Applicable to owner occupied consumer purpose loans
 12/28/2021 1 A CA Investment Refinance - Cash-out - Other C A C A B A A A Exempt from ATR Exempt from ATR No
216439492 437220935 23939154 Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - Asset documentation documents on file covers only [redacted] month verification. Documents required to cover at least [redacted] days The representative FICO score exceeds the guideline minimum by at least xx points.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.		 The representative FICO score exceeds the guideline minimum by at least [redacted] points.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted].

Borrower has worked in the same position for more than [redacted] years.

Borrower has verified disposable income of at least [redacted].

Borrower has been employed in the same industry for more than [redacted] years.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted] and [redacted].		 Originator,Owner

Originator,Owner

Originator,Owner

Originator,Owner

Originator,Owner

Owner,Originator		 Reviewer Comment (2022-01-10): Lender approved.


Reviewer Comment (2022-01-10): Lender approved exception.


Seller Comment (2022-01-06): • Exception approval for use of www covering a 1 month period
 01/10/2022 2 B CA Primary Purchase C B C B A A A A Non QM Non QM No
216439493 437220936 23949377 Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. Lender to clarify as borrower as has signed and dated business purpose certificate signed in file and occupancy certification states primary. Reviewer Comment (2021-12-28): The xxx, final 1003 and Occupancy cert verify the property was purchased as a primary residence and will not be sued for business purposes. Exception cleared.


Seller Comment (2021-12-23): xxx cert regarding the Borrower Affirmation that was mistakenly distributed with the xxx initial disclosure package.
Borrower Affidavit executed at closing that does not state the property will be used for business purposes
 12/28/2021 1 A CA Primary Refinance - Limited Cash-out GSE C A C A A A A A Non QM Non QM No
216439498 437221170 23941455 Credit Loan Package Documentation Loan File Missing Document  Missing Document: Hazard Insurance Policy not provided Provide Hazard Policy for subject property condo Reviewer Comment (2021-12-14): Client provided the HO-6 Policy.


Seller Comment (2021-12-09): See attached policy
 12/14/2021 1 A NJ Primary Purchase C A C A C A A A Non QM Non QM No
216439498 437221170 23941802 Credit Missing Document General Missing Document Missing Document: Official Check not provided Provide Official check from the borrower to support earnest money in the amount of $XXX,xx and source. Reviewer Comment (2021-12-14): Client provided EMD documentation.


Seller Comment (2021-12-09): See attached check
 12/14/2021 1 A NJ Primary Purchase C A C A C A A A Non QM Non QM No
216439498 437221170 23942124 Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file. Final Title and Preliminary is missing. Reviewer Comment (2021-12-13): Client provided copy of title commitment.


Seller Comment (2021-12-09): See attached title
 12/13/2021 1 A NJ Primary Purchase C A C A C A A A Non QM Non QM No
216439498 437221170 23942322 Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - Account Months Verified is less than [redacted] months. Reviewer Comment (2021-12-22): Client provided account printout for period ending xx/xx/xx [Redact] account [Redact].


Seller Comment (2021-12-20): See attached


Reviewer Comment (2021-12-16): File include one bank statement for xxx acct [Redact]. Guidelines require two months. Provide xxxx xxth statement.


Seller Comment (2021-12-14): See attached memo
 12/22/2021 1 A NJ Primary Purchase C A C A C A A A Non QM Non QM No
216439498 437221170 23942845 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Attorney's Fee (Closing Agent And Other).  Fee Amount of $XXX,xx exceeds tolerance of $x,xx.  Insufficient or no cure was provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2021-12-15): xxx received PCCD & LOE dated x/xx/xx.


Seller Comment (2021-12-15): Moved to section H
 12/15/2021 1 A NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
216439498 437221170 23942891 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. CPA letter required with name of company active start date percentage of ownership expense ratio signed and dated by CPA. Reviewer Comment (2022-02-09): EMD verified.


Reviewer Comment (2022-02-09): Cleared in error


Reviewer Comment (2021-12-16): CPA letter provided verfiying business start date and borrower's ownership percentage.


Seller Comment (2021-12-10): see attached
 02/09/2022 1 A NJ Primary Purchase Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM Yes
216439498 437221170 23942892 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Assets Ability to Repay (Dodd-Frank 2014): Unable to verify assets using reasonably reliable third-party records. Lender needs to provide Official check of Earnest Money Deposit $XXX,xx and source of funds. Reviewer Comment (2022-02-09): EMD verified.


Reviewer Comment (2022-02-09): Cleared in error


Reviewer Comment (2021-12-16): Verification of earnest money source and canceled check provided.


Seller Comment (2021-12-09): See attached check
 02/09/2022 1 A NJ Primary Purchase C A C A C A A A Non QM Non QM No
216439498 437221170 23942893 Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. CPA letter required with name of company active start date percentage of ownership expense ratio signed and dated by CPA. Reviewer Comment (2022-02-09): EMD verified.
 02/09/2022 1 A NJ Primary Purchase C A C A C A A A Non QM Non QM No
216439498 437221170 23953148 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Reviewer Comment (2021-12-14): Client provided CPA Letter.


Seller Comment (2021-12-10): see attached
 12/14/2021 1 A NJ Primary Purchase C A C A C A A A Non QM Non QM No
216439498 437221170 24065299 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for HOA Cap Contribution.  Fee Amount of $XXX,xx exceeds tolerance of $x,xx.  Insufficient or no cure was provided to the borrower. Fee added on final CD, no VCC found in loan file.  HOA fees are usually not required by lender and should be disclosed in section H. Reviewer Comment (2021-12-15): xxx received PCCD & LOE dated x/xx/xx.


Seller Comment (2021-12-15): Moved to section H
 12/15/2021 1 A NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
216439498 437221170 24065300 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for HOA Admin Fee.  Fee Amount of $XXXexceeds tolerance of $x,xx.  Insufficient or no cure was provided to the borrower. Fee added on final CD, no VCC found in loan file.  HOA fees are usually not required by lender and should be disclosed in section H. Reviewer Comment (2021-12-15): xxx received PCCD & LOE dated x/xx/xx.


Seller Comment (2021-12-15): Moved to section H
 12/15/2021 1 A NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
216439498 437221170 24079430 Credit Title Document Error Title There is no dollar amount noted on the title policy. Reviewer Comment (2022-02-18): Received Title commitment reflecting policy amount equivalent to loan amount. Exception cleared.


Seller Comment (2022-02-17): Title Policy


Reviewer Comment (2022-02-16): seller wishes to clear


Reviewer Comment (2021-12-16): Client requested waiver.


Seller Comment (2021-12-15): Seller requests buyer review: Grade 2
 02/18/2022 1 A NJ Primary Purchase C A C A C A A A Non QM Non QM No
216439498 437221170 24083932 Credit Credit Miscellaneous Guideline Credit Exception: Missing Evidence of Insurance for the Blanket Insurance for the Homeowners Association. Reviewer Comment (2021-12-22): Client provided Certificate of Liability Insurance for the HOA.


Seller Comment (2021-12-20): See attached
 12/22/2021 1 A NJ Primary Purchase C A C A C A A A Non QM Non QM No
216439501 437221384 23944029 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___ The file was missing a copy of the final title policy. Reviewer Comment (2021-12-17): DTI less than [Redact]. Documentation provided meets requirements. Exception cleared.
 12/17/2021 1 A MD Investment Purchase C B C A C B A A N/A Exempt from ATR No
216439501 437221384 23944108 Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. the Seller's final CD contained fees not reflected on the consumer's CD. Reviewer Comment (2022-04-08): Investment property - [Redact]
 04/08/2022 1 A MD Investment Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A N/A Exempt from ATR Yes
216439501 437221384 23944109 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Excessive DTI due to debts not being included. Reviewer Comment (2021-12-17): DTI less than [Redact]. Documentation provided meets requirements. Exception cleared.


Seller Comment (2021-12-16): Attached the following: Guidelines to show that DTI can go up to [Redact],  bank statements, mortgage statements and a LOX to show that the first lien with [Redact] the borrower is not on that loan and that the wife makes all payments. In addition a credit supplement to show that [Redact] has been paid and closed now and HELOC belongs the borrower and that the payment was included
 12/17/2021 1 A MD Investment Purchase C B C A C B A A N/A Exempt from ATR No
216439501 437221384 23944115 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. Excessive DTI due to debts not being included. Reviewer Comment (2022-01-25): Client provided documentation showing borrower is not on [Redact] loan.


Reviewer Comment (2022-01-25): Cleared in error


Reviewer Comment (2021-12-17): DTI less than [Redact]. Documentation provided meets requirements. Exception cleared.


Seller Comment (2021-12-16): Attached the following: Guidelines to show that DTI can go up to [Redact],  bank statements, mortgage statements and a LOX to show that the first lien with [Redact] the borrower is not on that loan and that the wife makes all payments. In addition a credit supplement to show that [Redact] has been paid and closed now and HELOC belongs the borrower and that the payment was included
 01/25/2022 1 A MD Investment Purchase C B C A C B A A N/A Exempt from ATR No
216439501 437221384 23954323 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided File is missing the Approval. Reviewer Comment (2021-12-17): Approval provided. Exception cleared.


Seller Comment (2021-12-16): Loan Approval
 12/17/2021 1 A MD Investment Purchase C B C A C B A A N/A Exempt from ATR No
216439501 437221384 23954373 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Reviewer Comment (2022-01-25): Seller has elected to waive this exception.


Reviewer Comment (2022-01-25): Documentation indicates appraisal was provided to borrower on [Redact] however, appraisal indicates Date of Signature and Report of [Redact].  Provide documentation verifying date this updated appraisal was provided to the borrower.


Seller Comment (2022-01-21): Seller requests buyer review: lvl 2 condition, please waive


Reviewer Comment (2021-12-17): Document verifies appraisal provided to borrower on [Redact]. Verification of the most recent appraisal dated 11/1 being delivered not provided. Exception remains.


Seller Comment (2021-12-14): Proof of appr sent
 01/25/2022 2 B MD Investment Purchase C B C A C B A A N/A Exempt from ATR No
216439501 437221384 23954374 Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and [redacted] moderately exceeds the guideline maximum of [redacted]. (DTI Exception is eligible to be regraded with compensating factors.) Lender did not factor first payment on a property. Mortgage statement in file.  Borrower took a second lien HELOC with was not included in the debts. Reviewer Comment (2021-12-17): DTI less than [Redact]. Documentation provided meets requirements. Exception cleared.


Seller Comment (2021-12-16): Attached the following: Guidelines to show that DTI can go up to [Redact],  bank statements, mortgage statements and a LOX to show that the first lien with [Redact] the borrower is not on that loan and that the wife makes all payments. In addition a credit supplement to show that [Redact] has been paid and closed now and HELOC belongs the borrower and that the payment was included
 12/17/2021 1 A MD Investment Purchase C B C A C B A A N/A Exempt from ATR No
216439501 437221384 24600634 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided Reviewer Comment (2022-02-04): Received and associated 1008. Exception cleared.


Seller Comment (2022-02-03): 1008
 02/04/2022 1 A MD Investment Purchase C B C A C B A A N/A Exempt from ATR No
216439501 437221384 24600640 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Reviewer Comment (2022-02-04): Tax certificate provided in trailing documents. Exception cleared.


Seller Comment (2022-02-02): Tax installments
 02/04/2022 1 A MD Investment Purchase C B C A C B A A N/A Exempt from ATR No
216439503 437221427 23948729 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on XXXXX/XX/XXior to [redacted] business days from transaction date of XXX/XX/XX. Loan was disbursed prior to midnight of third business day after consummation.  Lender to re-open rescission, provide copy of new right to cancel form, copy of letter of explanation sent to borrower, and proof of delivery.  Or provide certified closing statement from the title company verifying the funding date was on or after XXXXX/XX/XX a funding department screen shot verifying disbursement date. Reviewer Comment (2022-01-04): PC CD verifies final disbursement date. Exception cleared.


Seller Comment (2022-01-04): PCD
 01/04/2022 1 A WA Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C A A A C A A A Non QM Non QM Yes
216439512 437221127 23951569 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2021-12-06): Sufficient Cure Provided At Closing
 12/06/2021 1 A CA Primary Refinance - Rate/Term Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
216439512 437221127 23951570 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [redacted], prior to [redacted] business days from transaction date of [redacted]. Loan was disbursed prior to midnight of third business day after consummation.  Lender to re-open rescission, provide copy of new right to cancel form, copy of letter of explanation sent to borrower, and proof of delivery.  Or provide certified closing statement from the title company verifying the funding date was on or after [redacted], or a funding department screen shot verifying disbursement date. Reviewer Comment (2021-12-23): Client provided Certified Final Settlement Statement showing the disbursement date of [Redact].


Seller Comment (2021-12-22): [Redact] Uploaded document please advise if anything else is needed.


Reviewer Comment (2021-12-21): Provide a Certified Final Closing Statement from the closing company that supports the disbursement date of [Redact].


Seller Comment (2021-12-14): [Redact] Uploaded document to the portal. Please Advise if anything else is needed
 12/23/2021 1 A CA Primary Refinance - Rate/Term TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C A A A C A A A Non QM Non QM Yes
216439512 437221127 24261264 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Extension Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. The Change of Circumstance for the additional Rate Lock Extension fee is dated after the closing date.  The Change of Circumstance is not valid. Reviewer Comment (2022-01-25): [Redact] On Further review no cure required.


Seller Comment (2022-01-24): LOX, final ALTA, recorded docs.


Reviewer Comment (2022-01-03): [Redact] received PCCD and  COC dated [Redact]. However a COC cannot be applied after consummation ([Redact]). The Extension Fee needed to be redisclosed on a CD on [Redact] or prior to it or else cure is applicable.


Seller Comment (2022-01-03): Please note the borrowers signed on [Redact].  At this time the transaction was not ready to fund until [Redact].  This is why we needed to send the COC adding the rate extension fees.  Please advise.


Reviewer Comment (2021-12-29): [Redact] received COC dated [Redact]. However, Extension Fee increased on CD dated [Redact]. The provided COC is not within 3 business days from the CD. Hence, please provide a valid COC or cure documents with corrected CD, LOE, copy of refund check and proof of mailing.


Seller Comment (2021-12-29): [Redact] uploaded document. please advise if anything else is needed.


Reviewer Comment (2021-12-29): [Redact] upon further review, received COC dated [Redact]; however, Extension Fee increased from CD [Redact] $[Redact] to CD [Redact] by $[Redact] (2 Day Extension $[Redact]+5 Day Extension [Redact]=[Redact]). Please provide a valid COC to determine if fee can be rebaselined or provide cure documents. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check.


Seller Comment (2021-12-28): [Redact] Uploaded document please advise if anything else is needed.


Seller Comment (2021-12-28): [Redact] Please Clarify the fee. I see the rate extension of $ [Redact] for a 5day Extension.
 01/25/2022 1 A CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
216439512 437221127 24261265 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Lender did provide a [redacted] cure for the increase in the appraisal fee. Reviewer Comment (2022-01-03): [Redact]: Sufficient cure provided at closing.


Seller Comment (2022-01-03): Please note the final CD reflects the $[Redact] cure that was done at closing for the increase of the appraisal fee.  Please waive.  Please note, the push back regarding the rate extension fee.


Reviewer Comment (2021-12-29): Cure provided at closing is insufficient to cure both this citing and Extension Fee citing. Exception remains.


Seller Comment (2021-12-29): [Redact] This was cure at closing. It shows on the Final Settlement statement on the Top of document.  Please Advise. if that will clear condition.
 01/03/2022 1 A CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
216439512 437221127 25261797 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date Truth in Lending Act:  Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). Actual disbursement date was [redacted] but eligible  Disbursement Date is [redacted]. Reviewer Comment (2022-04-22): Cleared based on RTC timing. Cancel date [Redact]. "Cancel" here not available so Cleared here.


Reviewer Comment (2022-04-21): Can clear after 12:01am on [Redact]. Rescission does not end until midnight tonight.


Reviewer Comment (2022-04-21): Received Closing Statement, UPS delivery, LOE to borrower, and RTC.


Seller Comment (2022-04-19): RIGHT TO [Redact]NCEL, LOX, UPS.


Reviewer Comment (2022-04-19): Received RTC, UPS label and rate lock confirmation for different file. Letter to Borrow not included. Please provide letter  to Borrower and PC CD. Exception remains.


Seller Comment (2022-04-15): Open right to cancel, ups, lox


Reviewer Comment (2022-04-13): No additional documentation received. Provide an affidavit supporting the use of Friday, [Redact] and Saturday, [Redact] as business days included in the rescission period.


Seller Comment (2022-04-11): Borrower signed [Redact], Midnight date [Redact], Funding date [Redact].
 04/22/2022 1 A CA Primary Refinance - Rate/Term TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C A A A C A A A Non QM Non QM Yes
216439513 437220538 24047149 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Please provided the insurance verification for the XXX property and the Mortgage Statement and Tax verification for the XXX property. Reviewer Comment (2021-12-20): Client provided documents for Other REO properties as requested.


Seller Comment (2021-12-15): LOE from borrower uploaded. Borrower did not purchase HOI for his rental property located at xxx.
 12/20/2021 1 A CA Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216439513 437220538 24047253 Compliance Compliance Federal Compliance TILA TILA - Impermissible Prepayment Penalty Truth in Lending Act (Dodd-Frank 2014): Covered transaction contains impermissible prepayment penalty. The Prepayment Penalty maximum of $XXX,xx exceeds the Maximum allowed of $XXX,xx. Reviewer Comment (2021-12-20): Final CD shows PPP is $xxxTerms of PPP per addendum/rider calculates to $xxx.


Reviewer Comment (2021-12-20): The Final CD and PCCD show the Prepayment Penalty amount is $xxx; however, the terms of the Prepayment Penalty as set forth in the Prepayment Note Addendum and the Prepayment Rider to the Deed of Trust show the calculated amount of the Prepayment Penalty is $xxx which exceeds the maximum amount allowed.


Seller Comment (2021-12-15): PCCD uploaded reflecting $xxx Prepayment Penalty.
 12/20/2021 1 A CA Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216439513 437220538 24047254 Compliance Compliance State Compliance State Defect XXX Prepayment Penalty XXX Prepayment Penalty: Maximum prepay  allowed is [redacted] months interest calculated on [redacted] of the original balance ($XXX,xx).  Loan contracts for maximum calculated prepay of $XXX,xx, which exceeds max allowable. Prepay may be impermissible depending on the lender's license type. The Prepayment Penalty maximum of $XXX,xx exceeds the Maximum allowed of $XXX,xx. Reviewer Comment (2021-12-27): Applicable to owner occupied consumer purpose loans


Seller Comment (2021-12-22): This reg does not apply on a business purpose loan.  Please clear this condition


Seller Comment (2021-12-22): Corrected PCCD uploaded reflecting $xxx PPP.


Reviewer Comment (2021-12-20): The Final CD and PCCD show the Prepayment Penalty amount is $xxx; however, the terms of the Prepayment Penalty as set forth in the Prepayment Note Addendum and the Prepayment Rider to the Deed of Trust show the calculated amount of the Prepayment Penalty is $xxx which exceeds the maximum amount allowed.


Seller Comment (2021-12-15): PCCD reflecting $xxx Prepay Penalty uploaded.
 12/27/2021 1 A CA Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216439513 437220538 24047255 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Prepayment Penalty Amount TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on XXXXX/XX/XXh a prepayment payment disclosed the maximum prepayment penalty amount that does not match the actual maximum amount for the loan. The Prepayment Penalty maximum of $XXX,xx exceeds the Maximum allowed of $XXX,xx. Reviewer Comment (2021-12-20): Final CD shows PPP is $xxxTerms of PPP per addendum/rider calculates to $xxx.
 12/20/2021 1 A CA Investment Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C A C A C A A A N/A Exempt from ATR Yes
216439513 437220538 24050200 Compliance Compliance Federal Compliance ATR/QM Defect No DTI Provided Qualified Mortgage (Dodd-Frank 2014): No debt to income ratio [redacted] ratio) was provided to demonstrate ability to repay. Water fall condition due to file not containing a business purpose letter and because of the absence of this document, loan is being tested against QM criteria. Reviewer Comment (2021-12-20): Letter of explanation for use of funds in file.


Seller Comment (2021-12-15): xxx Worksheet uploaded.
 12/20/2021 1 A CA Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216439513 437220538 24050201 Compliance Compliance Federal Compliance ATR/QM Defect Other Income - Not to be used for qualifying Qualified Mortgage (Dodd-Frank 2014): Income used to qualify borrower(s) not permitted for use under Appendix Q. Water fall condition due to file not containing a business purpose letter and because of the absence of this document, loan is being tested against QM criteria. Reviewer Comment (2021-12-20): Letter of explanation for use of funds in file.
 12/20/2021 1 A CA Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216439513 437220538 24050202 Compliance Compliance Federal Compliance ATR/QM Defect QM DTI Unable to determine compliance with QM Total Debt Ratio requirements due to missing QM Total Debt Ratio information. Water fall condition due to file not containing a business purpose letter and because of the absence of this document, loan is being tested against QM criteria. Reviewer Comment (2021-12-20): Letter of explanation for use of funds in file.


Seller Comment (2021-12-15): xxx Worksheet uploaded.
 12/20/2021 1 A CA Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216439515 437220396 23954829 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Mortgage statement is required. Reviewer Comment (2022-02-14): Documentation received.  Exception cleared. [Redact].


Seller Comment (2022-02-10): Mortgage payment history for [Redact].  The mortgage is with a private lender who does not issue actual statements.
 02/14/2022 1 A CA Primary Refinance - Rate/Term D B C B A A D A Non QM Non QM No
216439515 437220396 23963288 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Appraisal is missing.; Sec ID: 1 Appraisal required. Reviewer Comment (2022-02-14): Documentation received.  Exception cleared. [Redact].


Seller Comment (2022-02-10): Appraisal (subject to). 1004D also provided in separate upload.


Seller Comment (2022-02-10): Appraisal.
 02/14/2022 1 A CA Primary Refinance - Rate/Term D B C B A A D A Non QM Non QM No
216439515 437220396 23963363 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. Reviewer Comment (2022-02-14): Documentation received.  Exception cleared. [Redact].
 02/14/2022 1 A CA Primary Refinance - Rate/Term D B C B A A D A Non QM Non QM No
216439515 437220396 24052958 Credit Missing Document General Missing Document Missing Document: Stated not provided The appraisal is missing. Reviewer Comment (2022-02-14): Documentation received.  Exception cleared. [Redact].
 02/14/2022 1 A CA Primary Refinance - Rate/Term D B C B A A D A Non QM Non QM No
216439515 437220396 24067154 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___ Transcripts required. The qualifying DTI on the loan is at least xx% less than the guideline maximum. Lender Exception provided with Comp Factors for Re-Grade and Waive. Originator,Owner Reviewer Comment (2022-02-18): Lender Exception provided with Comp Factors for Re-Grade and Waive.


Seller Comment (2022-02-14): Exception approval for lack of transcripts.


Reviewer Comment (2022-02-14): Transcripts are required.  If the borrower had provided tax returns, then transcripts for those would suffice; however, since only the 1099's were provided the 1099 transcripts are required.  Exception remains.  [Redact].


Seller Comment (2022-02-10): This is a 1099-Only doc type.  CPA letter confirms what the 1099 earnings were in [Redact] & [Redact].  This has been acceptable in lieu of obtaining the 1099 transcripts on prior loans.
 02/18/2022 2 B CA Primary Refinance - Rate/Term D B C B A A D A Non QM Non QM No
216439518 437220446 23998934 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Reviewer Comment (2022-02-03): [Redact] received valid COC for increase in Transfer tax.
 02/03/2022 1 A FL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
216439519 437220447 24026682 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Mortgage Broker Fee.  Fee Amount of $XXX,xx exceeds tolerance of $XXX,xx.  Insufficient or no cure was provided to the borrower. Provide a post-close CD disclosing the tolerance cure, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-01-18): xxx Received Valid COC therefore no cure required.


Seller Comment (2022-01-14): COC for Loan Amount change
 01/18/2022 1 A CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
216439537 437221362 23933532 Credit Title Document Error Title There is no dollar amount noted on the title policy. Reviewer Comment (2021-12-17): Final title policy provided verifying coverage of $xxxxception cleared.


Seller Comment (2021-12-14): FTP the amount is listed on top of page 7
 12/17/2021 1 A HI Investment Purchase C A C A A A No
216439537 437221362 23933533 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Reviewer Comment (2021-12-17): Both prelim and final tile policy are included in the file. Exception cleared.
 12/17/2021 1 A HI Investment Purchase C A C A A A No
216439537 437221362 23936615 Credit Credit Miscellaneous Guideline Credit Exception: Please provide evidence of correct PPP. The loan has two signed Addendums, with two different sets of terms, [redacted] on [redacted] and [redacted] months interest on the other. Reviewer Comment (2021-12-17): Recorded mortgage provided verifying the correct prepayment terms  for the subject transaction.


Seller Comment (2021-12-14): Recorded Mortgage to show correct terms
 12/17/2021 1 A HI Investment Purchase C A C A A A No
216439548 437221385 23933546 Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided Reviewer Comment (2021-12-28): Complete copy of lease agreement (10 pages) provided. Exception cleared.


Seller Comment (2021-12-23): Here is complete lease which contains a total of 10 pages


Reviewer Comment (2021-12-22): The Lease is eight pages; only seven pages were provided.  Provide a copy of the complete, fully executed lease agreement.


Seller Comment (2021-12-21): Lease agreement
 12/28/2021 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216439550 437221397 24027960 Credit Credit Miscellaneous Guideline Credit Exception: Please provide evidence of correct PPP. The loan has two signed Addendums, with two different sets of terms, [redacted] on [redacted] and [redacted] months interest on the other. Reviewer Comment (2022-01-04): Client has confirmed the correct prepayment penalty is 6 months interest.


Seller Comment (2022-01-03): Note Prepayment


Seller Comment (2022-01-03): Prepayment Rider


Reviewer Comment (2021-12-17): Provide the correct Prepayment Addendum to Note and the correct Prepayment Rider to Mortgage.  Two of each were provided with conflicting terms.  We need to verify which Prepayment Addendum to Note and which Prepayment Rider to Mortgage is correct.


Seller Comment (2021-12-14): Attached is the mortgage with the correct terms
 01/04/2022 1 A FL Investment Purchase C A C A A A No
216439551 437221401 23944551 Credit Credit Miscellaneous Guideline Credit Exception: Please provide evidence of correct PPP. The loan has two signed Addendums, with two different sets of terms,[redacted] on [redacted] and [redacted] months interest on the other. Reviewer Comment (2021-12-16): Client confirmed the correct Prepayment Rider.


Seller Comment (2021-12-14): attached is the correct rider that was sent to recording.
 12/16/2021 1 A FL Investment Purchase C A C A A A No
216439554 437221423 23944547 Credit Credit Miscellaneous Guideline Credit Exception: Please provide evidence of correct PPP. The loan has two signed Addendums, with two different sets of terms, [redacted] on [redacted] and [redacted] months interest on the other. Reviewer Comment (2021-12-16): Client provided verification of the correct Prepayment Addendum to Note and Prepayment Rider.


Seller Comment (2021-12-14): Attached is the correct document
 12/16/2021 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216439556 437221443 23944542 Credit Credit Miscellaneous Guideline Credit Exception: Please provide evidence of correct PPP. The loan has two signed Addendums, with two different sets of terms, [redacted] on [redacted] and [redacted] months interest on the other. Reviewer Comment (2022-01-06): Client confirmed the correct prepayment penalty is 6 months interest.


Seller Comment (2022-01-05): Correct PPP attached


Seller Comment (2022-01-04): correct PPP Addendum to the Note is based on 6 months interest.


Reviewer Comment (2021-12-29): This exception is for confirmation as to which is the correct Prepayment Addendum to Note.  No new information has been provided to clarify which Prepayment Addendum to Note is the correct document.  The exception stands.


Seller Comment (2021-12-27): correct PPP


Reviewer Comment (2021-12-16): We are in receipt of confirmation as to the correct Prepayment Rider to the Mortgage.  Please confirm which Prepayment Addendum to the Note is correct.


Seller Comment (2021-12-14): Recorded mtg with the correct term riders
 01/06/2022 1 A HI Investment Purchase C A C A A A No
216439562 437221470 23933565 Credit Insurance Insurance Analysis Insurance The Hazard Insurance Policy effective date is after the Note Date. Hazard Insurance Policy Effective Date ___, Note Date ___ Policy effective date is XX.X.XXXX. Reviewer Comment (2021-12-16): Client provided Certified Copy of Final Closing Statement showing disbursement date of x/xx/xx.


Seller Comment (2021-12-14): Property in a dry state - loan was not disbursed until xx/xx/xx attached final settlement statement. Insurance effective period should be okay
 12/16/2021 1 A CA Investment Purchase C A C A A A No
216439563 437221473 23933569 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided UW Approvals and final 1008 are missing from the file.  Provide UW approvals and/or final 1008 for documentation purposes. Reviewer Comment (2021-12-17): Conditional Loan Approval and 1008 provided. Exception cleared.


Seller Comment (2021-12-14): Loan approval and 1008
 12/17/2021 1 A CA Investment Purchase C A C A A A No
216439563 437221473 24030261 Credit Credit Miscellaneous Guideline Credit Exception: Please provide evidence of correct PPP. The loan has two signed Addendums, with two different sets of terms, [redacted] on [redacted] and [redacted] months interest on the other. Reviewer Comment (2021-12-16): Prepayment penalty taken from Prepayment rider to mortgage. Exception cleared.


Seller Comment (2021-12-14): Correct recorded DOT
 12/16/2021 1 A CA Investment Purchase C A C A A A No
216439566 437221462 24030570 Credit Credit Miscellaneous Guideline Credit Exception: Please provide evidence of correct PPP. The loan has two signed Addendums, with two different sets of terms, [redacted] on [redacted] and [redacted] months interest on the other. Reviewer Comment (2021-12-17): Correct PPP rider provided. Exception cleared.


Seller Comment (2021-12-14): Attached is the correct rider
 12/17/2021 1 A FL Investment Purchase C A C A A A No
216439578 437221617 24041884 Credit Credit Miscellaneous Guideline Credit Exception: Please provide evidence of correct PPP. The loan has two signed Addendums, with two different sets of terms, [redacted] on [redacted] and [redacted] months interest on the other. Reviewer Comment (2021-12-20): Verification of correct PPP Note addendum provided. Exception cleared.


Seller Comment (2021-12-16): xx/xx uploaded document to portal. Please advise if anything else is needed.
 12/20/2021 1 A FL Investment Refinance - Rate/Term C A C A A A No
216439590 437220503 23933618 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided Provide executed and notarized Security Instrument and all required riders missing from file. Reviewer Comment (2021-12-22): Client provided copy of signed Deed of Trust and all required Riders.


Reviewer Comment (2021-12-22): Client provided copy of signed Deed of Trust.


Seller Comment (2021-12-20): Fully executed DOT and all riders have been uploaded


Seller Comment (2021-12-20): 1-4 Rider


Seller Comment (2021-12-20): DEED w/Prepayment Rider
 12/22/2021 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
216439590 437220503 23933619 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - 1-4 Family not provided Reviewer Comment (2021-12-22): Client provided copy of signed 1-4 Family Rider.


Seller Comment (2021-12-21): 1-4 rider
 12/22/2021 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
216439590 437220503 23933620 Credit Loan Package Documentation Loan File Missing Document  Missing Document: Hazard Insurance Policy not provided Provide hazard policy showing dates of term, Mortgagee clause, premium amount and sufficient coverage per guidelines. Reviewer Comment (2021-12-22): Client provided Evidence of Insurance.


Seller Comment (2021-12-20): Hazard Insurance
 12/22/2021 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
216439590 437220503 23933622 Credit Missing Document General Missing Document Missing Document: HUD/CD not provided Please provide final CD and any PC CDs along with evidence that they were provided to the borrower post-closing. Reviewer Comment (2021-12-22): Client provided copy of signed Final CD.


Seller Comment (2021-12-20): All CD's
 12/22/2021 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
216439590 437220503 23933623 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003 Reviewer Comment (2021-12-22): Client provided copy of signed Final 1003.


Seller Comment (2021-12-20): Final 1003
 12/22/2021 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
216439590 437220503 23933624 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2021-12-22): Client provided copy of signed Business Purpose Certificate.


Seller Comment (2021-12-20): Non QM
 12/22/2021 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
216439590 437220503 23933625 Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided Reviewer Comment (2021-12-22): Client provided copy of signed Note.


Seller Comment (2021-12-20): Note w/prepayment Rider
 12/22/2021 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
216439590 437220503 23933626 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided Reviewer Comment (2021-12-22): Client provided completed USA Patriot Act Information Form; source document is the State Issued Driver License from the State of xx.


Seller Comment (2021-12-20): Patriot Act
 12/22/2021 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
216439590 437220503 23933627 Credit Loan Package Documentation Closing / Title Title Title: Evidence of title is missing No preliminary or final title was provided in file. Provide title evidence along with evidence of taxes on subject property. Reviewer Comment (2021-12-22): Client provided preliminary title report.


Seller Comment (2021-12-20): Title
 12/22/2021 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
216439590 437220503 23933628 Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file. Reviewer Comment (2021-12-22): Client provided preliminary title report.


Seller Comment (2021-12-20): Final Title Policy will be provided with the recorded DOT.
 12/22/2021 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
216439590 437220503 23933629 Credit Fix and Flip General Fix and Flip Verification of Borrower's identity is missing. - Provide photo ID or Settlment Agent's Patriot Act Customer Identification with all fields complete including document number for ID used. Reviewer Comment (2021-12-22): Client provided completed USA Patriot Act Information Form; source document is the State Issued Driver License from the State of xx.


Seller Comment (2021-12-20): Patriot Act uploaded
 12/22/2021 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
216439590 437220503 23933630 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided Rate lock shows a PPP but PPP Note Addendum is missing from file.  Please provide. Reviewer Comment (2021-12-22): Client provided copy of signed Prepayment Note Addendum.


Seller Comment (2021-12-20): uploaded with note
 12/22/2021 1 A CA Investment Refinance - Cash-out - Other D A D A A A Yes
216439919 437221478 24045674 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Please provide all appraisals and evidence they were all sent to the borrower at least [redacted] days prior to close. Reviewer Comment (2021-12-30): Proof of delivery provided. Exception cleared.


Seller Comment (2021-12-29): Appr Proof
 12/30/2021 1 A FL Primary Purchase C A C A C A A A Non QM Non QM No
216439919 437221478 24047285 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. CD provided on XXXXX/XX/XX signed XXXXX/XX/XXidence of earlier receipt or an initial CD not provided Reviewer Comment (2022-01-04): xxx received xx/xx CD received the same day issued.


Seller Comment (2022-01-03): Initial CD delivery receipt


Seller Comment (2022-01-03): Initial CD


Reviewer Comment (2021-12-30): xxx received xx/xx CD received xx/xx9 however a CD needed to be received by borrower xx/xx to meet requirements of receiving CD at least 3 business days prior to consummation.


Seller Comment (2021-12-29): Final CD


Seller Comment (2021-12-29): Initial CD
 01/04/2022 1 A FL Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
216439919 437221478 24047505 Compliance Compliance Federal Compliance Missing Disclosure Notice of Special Flood Hazard Disclosure Not Provided Timely [redacted] Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. missing Reviewer Comment (2021-12-30): Notice delivered to Borrower on xx/xx and signed by borrower on xx/xx/xxption cleared.


Seller Comment (2021-12-29): Flood Certificate
 12/30/2021 1 A FL Primary Purchase C A C A C A A A Non QM Non QM No
216439919 437221478 24066112 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___ [redacted] months per provided, yet [redacted] months are needed. Please forward an additional [redacted] months Bank Statements for the xxx Acct #xxxx. Reviewer Comment (2022-01-04): The bank statements included in the file meet the xxx requirements. Exception cleared.


Seller Comment (2022-01-04): Notes regarding the xxx Account**xx/xx/xxmonths history/statements provided for xxx and coinbase and borrower transferred funds from his xxx account all of it to xxx for cash to close and large deposit sourced coming from coinbase account. Proof of EM cleared provided by printout and cancelled check.

We used this account as borrower transferred funds from where all of his funds were held and validated 6 months and cash to close came from this account.


Reviewer Comment (2021-12-29): Per xxx guidelines, the most recent six months statements must be provided for any account that will be utilized for asset qualification. Per the xxx Worksheet included in the file, the xxx account was included in qualifying. Exception remains.


Seller Comment (2021-12-23): Per attached guidelines only 60 days are needed.
 01/04/2022 1 A FL Primary Purchase C A C A C A A A Non QM Non QM No
216441130 437221129 23969943 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Rider - Other not provided Please forward the (Other) Prepayment Rider, as required on the Security Instrument. Reviewer Comment (2021-12-23): Prepayment Rider provided verifying Note prepayment terms. Exception cleared.


Seller Comment (2021-12-21): See attached
 12/23/2021 1 A OK Investment Purchase C A C A A A No
216441130 437221129 23990447 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided Prepayment penalty Note Addendum to be provided for review. The Final CD indicates there is a Prepayment Penalty. Reviewer Comment (2021-12-23): Prepayment Addendum to Note provided. Exception cleared.


Seller Comment (2021-12-21): See attached
 12/23/2021 1 A OK Investment Purchase C A C A A A Yes
216441130 437221129 24018806 Credit Credit Miscellaneous Guideline Credit Exception: The file did not included and mortgage payment history documentation. Please forward. Reviewer Comment (2021-12-22): Client provided mortgage statement showing loan is current.


Seller Comment (2021-12-20): See attached
 12/22/2021 1 A OK Investment Purchase C A C A A A No
216441130 437221129 24018814 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please forward a Fraud Report. Reviewer Comment (2021-12-22): Client provided DRIVE Fraud Report.


Seller Comment (2021-12-20): See attached
 12/22/2021 1 A OK Investment Purchase C A C A A A No
216450214 437221120 24050297 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Extension Fee.  Fee Amount of [redacted] exceeds tolerance of $x,xx.  Insufficient or no cure was provided to the borrower. Please provide change of circumstance for rate lock extension fee of [redacted] or rate lock with fees. Reviewer Comment (2022-01-25): [Redact] Received CD and COC dated [Redact] therefore no cure required.


Seller Comment (2022-01-24): CD/COC dated [Redact] and proof received, lock agreement


Reviewer Comment (2021-12-21): [Redact] upon further review the fee was added on [Redact] CD and the COC received is dated [Redact], CD is not disclosed within 3 days of change. Please provide any missing CD or please provide cure documents.


Seller Comment (2021-12-21): CD, COC, Lock showing extension fee
 01/25/2022 1 A CT Second Home Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216450214 437221120 24068843 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Reviewer Comment (2022-01-25): Client requested buyer review.


Seller Comment (2022-01-25): Please clear Grade 2 condition


Seller Comment (2021-12-15): Seller requests buyer review: Grade 2
 01/25/2022 2 B CT Second Home Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216485612 437220438 24051685 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Please provide all appraisals with evidence that it was sent to the borrower at least [redacted] days prior to closing Reviewer Comment (2022-01-03): Client provided signed acknowledgement from borrower stating appraisal was received three or more days prior to closing.


Seller Comment (2022-01-03): 2nd Appraisal Acknowledgement -Dated


Reviewer Comment (2021-12-29): The Appraisal Acknowledgment that was provided is not dated.  We are unable to determine when the appraisal was sent/received.  Provide document that includes the date the appraisal was sent to the borrower and/or the date the appraisal was received by the borrower.


Seller Comment (2021-12-27): Appraisal Ack
 01/03/2022 1 A CA Primary Purchase C A A A C A A A Non QM Non QM No
216485612 437220438 24051717 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. Evidence of earlier borrower receipt was not found in file. Reviewer Comment (2022-01-03): xxx received xx/xx CD received the same day issued.


Seller Comment (2021-12-30): COC and LE, rate lock, initial CD
 01/03/2022 1 A CA Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
216485612 437220438 24051873 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $XXX,xx exceeds tolerance of $XXX,xx.  Insufficient or no cure was provided to the borrower. Loan Discount Points Fee was last disclosed as XXX.xx on LE but disclosed as $XXX,xx on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include XXX.xx, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-01-03): xxx received updated LE and CD along with valid COC on xx/xx for the Loan discount point increased due to Loan locked with new rate.


Seller Comment (2021-12-30): COC and LE, rate lock


Reviewer Comment (2021-12-28): xxx received LE dated xx/xx/xxre fee is increased and showing loan was locked. Please provide COC for LE dated xx/xx/xxneed cure.


Seller Comment (2021-12-27): Appraisal Ack, LE LOE
 01/03/2022 1 A CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
216485613 437220279 24073766 Credit Credit Miscellaneous Guideline Credit Exception: Borrower has declining deposits. Please provide Compensating Factors for Lender Exception. Reviewer Comment (2022-02-15): Received approved exception   Citing cleared


Seller Comment (2022-02-11): Exception Approval for declining deposits
 02/15/2022 1 A CA Investment Refinance - Rate/Term C A C A A A A A N/A Exempt from ATR No
216485613 437220279 24074063 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Mortgage statement not in file for the borrower's primary. Unknow if mortgage payment contains escrows. TIA not included at origination. Inclusion of TIA increases DTI above [redacted] used to qualify. Reviewer Comment (2022-02-24): Mortgage payment coupon received, taxes and insurance added in addition to mortgage payment. 1008 updated.


Seller Comment (2022-02-18): Residual income calculator.


Reviewer Comment (2022-02-17): Received 1008 increasing DTI to [Redact], however guidelines state: When the DTI is [Redact] and above, the underwriter must also document that the residual income on the file is not less than $[Redact] per month.   Residual income calculations were not evidenced in the file.  Exception remains.


Seller Comment (2022-02-16): updated 1008


Reviewer Comment (2022-02-15): Loan was approved at [Redact].  1008 does not show T&I payments for primary residence.  Exception remains.


Seller Comment (2022-02-11): PITIA Documents for [Redact].  Taxes & Insurance are not Escrowed.  DTI > [Redact] is allowed per program guidelines.  Please re-review based on current guidelines.
 02/24/2022 1 A CA Investment Refinance - Rate/Term C A C A A A A A N/A Exempt from ATR No
216495356 437220501 23998950 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-01-10): Client provided Fraud Report.


Seller Comment (2022-01-07): Fraud report uploaded.
 01/10/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
216495356 437220501 23999018 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Spousal Consent Form not provided Reviewer Comment (2022-01-28): Loan closed in a trust.
 01/28/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
216495393 437220361 23999302 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Non-Owner Occupancy Declaration not provided Reviewer Comment (2022-01-26): Occupancy Certificate provided; exception cleared.


Seller Comment (2022-01-24): Occupancy Cert
 01/26/2022 1 A NJ Investment Purchase C A C A A A No
216495393 437220361 23999305 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-01-26): Business Purpose Certificate provided; exception cleared.


Seller Comment (2022-01-24): Business Purpose Cert
 01/26/2022 1 A NJ Investment Purchase C A C A A A No
216497474 437220335 24031338 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide required Fraud/Background check not provided in file. Reviewer Comment (2022-02-01): Clear Fraud report received, exception cleared


Seller Comment (2022-01-28): Drive Report
 02/01/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
216497474 437220335 24031360 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided Please provide required Fraud/Background check not provided in file. Reviewer Comment (2022-02-01): Clear Fraud report received, exception cleared


Seller Comment (2022-01-28): Fraud Report uploaded
 02/01/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
216497474 437220335 24031361 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-02-01): Business Purpose certification provided, exception cleared


Seller Comment (2022-01-28): Business Cert
 02/01/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
216497475 437220502 24035644 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Spousal Consent Form not provided Please provided the Spousal Consent form. Reviewer Comment (2022-01-28): Loan closed in a trust.
 01/28/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
216497476 437220334 24036789 Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided Reviewer Comment (2021-12-22): Client provided copy of signed Note.


Seller Comment (2021-12-20): Provided in bundle uploaded today
 12/22/2021 1 A CA Investment Refinance - Rate/Term D A D A A A No
216497476 437220334 24036912 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided Reviewer Comment (2021-12-22): Client provided copy of signed Deed of Trust.


Seller Comment (2021-12-20): Provided in bundle uploaded today
 12/22/2021 1 A CA Investment Refinance - Rate/Term D A D A A A No
216497476 437220334 24036934 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Tax Certificate not provided Reviewer Comment (2021-12-22): Client provided copy of tax certificate.


Seller Comment (2021-12-20): xxx xxxx taxes paid
 12/22/2021 1 A CA Investment Refinance - Rate/Term D A D A A A No
216497476 437220334 24036942 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Title Preliminary not provided Reviewer Comment (2021-12-22): Client provided preliminary title report.


Seller Comment (2021-12-20): Prelim
 12/22/2021 1 A CA Investment Refinance - Rate/Term D A D A A A No
216497476 437220334 24037025 Credit Loan Package Documentation Loan File Missing Document  Missing Document: Hazard Insurance Policy not provided Reviewer Comment (2021-12-22): Client provided Evidence of Property Insurance.


Seller Comment (2021-12-20): Hazard Insurance
 12/22/2021 1 A CA Investment Refinance - Rate/Term D A D A A A No
216497476 437220334 24037101 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003 Reviewer Comment (2021-12-22): Client provided copy of signed Final 1003.


Seller Comment (2021-12-20): Provided in bundle uploaded today
 12/22/2021 1 A CA Investment Refinance - Rate/Term D A D A A A No
216497476 437220334 24037108 Credit Missing Document General Missing Document Missing Document: HUD/CD not provided Reviewer Comment (2021-12-22): Client provided copy of signed Final CD.


Seller Comment (2021-12-20): Bundle upload with CDs, Note - Prepayment to Addendum, Deed of Trust with all riders and  Application
 12/22/2021 1 A CA Investment Refinance - Rate/Term D A D A A A No
216497476 437220334 24037257 Credit Loan Package Documentation Closing / Title Title Title: Evidence of title is missing Please forward Final Title documentation. Reviewer Comment (2021-12-22): Client provided preliminary title report.


Seller Comment (2021-12-20): xxx Property, Final Title will be delivered with the Recorded DOT
 12/22/2021 1 A CA Investment Refinance - Rate/Term D A D A A A No
216497476 437220334 24037306 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - 1-4 Family not provided Reviewer Comment (2021-12-22): Client provided copy of signed 1-4 Family Rider (Assignment of Rents).


Seller Comment (2021-12-20): Provided in bundle uploaded today
 12/22/2021 1 A CA Investment Refinance - Rate/Term D A D A A A No
216497476 437220334 24038191 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided Please forward the Prepayment Addendum. Reviewer Comment (2021-12-22): Client provided copy of signed Prepayment Note Addendum.


Seller Comment (2021-12-20): Provided in bundle uploaded today
 12/22/2021 1 A CA Investment Refinance - Rate/Term D A D A A A Yes
216497476 437220334 24038275 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Non-Owner Occupancy Declaration not provided The Non Owner Occupied certificate was not signed. Reviewer Comment (2021-12-22): Client provided copy of signed Occupancy Certification.


Seller Comment (2021-12-20): Occupancy Cert
 12/22/2021 1 A CA Investment Refinance - Rate/Term D A D A A A No
216497487 437220451 24074862 Credit Insurance Insurance Analysis Insurance Hazard Insurance Policy expires within XX days of the Note Date. Hazard Insurance Policy Expiration Date ___, Note Date ___ Policy renewal not provided extending coverage to XXXXX/XX/XXide a copy of the policy with the effective date of XXXXX/XX/XXhe expiration date of XXX/XX/XX. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Second Home Refinance - Cash-out - Other B B B B A A A A Non QM Non QM No
216519021 437220406 24038806 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Rider - Other not provided Please provide the prepayment rider to the security instrument. Reviewer Comment (2021-12-23): Client provided copy of signed Prepayment Rider.


Seller Comment (2021-12-21): see attached
 12/23/2021 1 A NY Investment Purchase C A C A A A No
216519025 437220482 24042327 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide the Business Purpose Certificate which was missing from the file. Reviewer Comment (2022-01-06): Client provided signed copy of Business Purpose Certificate.


Seller Comment (2022-01-05): see attached
 01/06/2022 1 A NY Investment Refinance - Cash-out - Other C A C A A A No
216521390 437220459 24060674 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXexceeds tolerance of $XXX  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2021-12-10): Sufficient Cure Provided At Closing
 12/10/2021 1 A FL Primary Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
216521390 437220459 24076896 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Reviewer Comment (2021-12-23): Seller elects to acknowledge this exception.
 12/23/2021 2 B FL Primary Purchase B B A A B B A A Non QM Non QM No
216526709 437220373 24064923 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Please provide evidence the appraisal was sent to the borrower at least [redacted] days prior to close. Reviewer Comment (2021-12-23): Seller elects to acknowledge this exception.
 12/23/2021 2 B FL Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216526709 437220373 24064924 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted].  Non-Compliant Higher Priced Mortgage Loan. Reviewer Comment (2022-02-28): Client provided copy of appraisal delivery document.


Seller Comment (2022-02-24): see attached
 02/28/2022 1 A FL Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216526709 437220373 24064925 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Please provide evidence the appraisal was sent to the borrower at least [redacted] days prior to close. Reviewer Comment (2022-02-28): Client provided copy of appraisal delivery document.


Seller Comment (2022-02-24): see attached


Reviewer Comment (2022-01-07): Delivery proof provided is dated prior to the appraisal issue date. Provide evidence the most recent appraisal was sent to the borrower at last 3 days prior to closing and/or that the borrower acknowledged receipt. Exception remains.


Seller Comment (2022-01-06): see attached
 02/28/2022 1 A FL Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216526710 437220416 24068547 Credit Credit Credit Documentation Missing Document  Missing Document: Credit Report not provided Reviewer Comment (2022-01-10): Credit report dated xx/xx provided, Exception cleared.


Seller Comment (2022-01-06): see attached
 01/10/2022 1 A MA Investment Refinance - Rate/Term D A D A A A A A N/A Exempt from ATR No
216533352 437220965 24044376 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Spousal Consent Form not provided Reviewer Comment (2022-01-27): Client provided email from title company stating a new spousal deed was not required.


Seller Comment (2022-01-25): Email confirmation from the title company confirming they did not require a new spousal deed to be executed at closing


Reviewer Comment (2022-01-13): We do not see the approval from the title company; once received it will be reviewed.


Seller Comment (2022-01-10): [Redact] cert confirming a new Spousal Consent Form is not required as title accepted the Grant Deed from [Redact] and did not require a new Grant Deed to be executed at closing


Reviewer Comment (2021-12-28): The Grant Claim Deed dated xx/xx/xx was recorded  and is strictly releasing the spouse for responsibility having to do with the real estate property/taxes. Spousal consent is required in conjunction with the lien on the property. Exception remains.


Seller Comment (2021-12-23): Attached Spousal consent form
 01/27/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216533354 437221380 24044328 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 An acceptable CU score or CDA was not provided. Reviewer Comment (2022-01-10): Client provided CDA from Clear Capital.


Seller Comment (2022-01-07): CDA


Reviewer Comment (2021-12-30): The same appraisal was uploaded; no CDA was provided.  The exception remains.


Seller Comment (2021-12-29): CDA
 01/10/2022 1 A NY Investment Purchase D A A A D A No
216533354 437221380 24458170 Credit System General Appraisal Reconciliation Valuation address does not match Note address. - Address shown on Appraisal is [redacted].  The Note shows address as [redacted]. Reviewer Comment (2022-01-25): Corrected appraisal provided in trailing documents. Exception cleared.


Seller Comment (2022-01-21): 1008


Seller Comment (2022-01-21): urla


Seller Comment (2022-01-21): appraisal
 01/25/2022 1 A NY Investment Purchase D A A A D A No
216533356 437221448 24044517 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided Reviewer Comment (2021-12-29): Client provided Articles of Organization for Limited Liability Company.


Seller Comment (2021-12-27): articles of organization


Seller Comment (2021-12-27): operating agreement
 12/29/2021 1 A HI Investment Refinance - Rate/Term C A C A A A No
216533356 437221448 24045308 Credit Credit Miscellaneous Guideline Credit Exception: The file contained [redacted] different Prepayment Addendums to the Note. Please clarify the correct one. Reviewer Comment (2022-03-08): [Redact] Cleared.


Seller Comment (2022-03-04): revised Lender Attestation letter with correct PPP addendum/rider attached


Reviewer Comment (2022-02-16): Rec'd attestation letter that PPP is 6 months interest, however, loan detail report reflects hard for 36 months at[Redact].  Please provide a screenshot to confirm the PPP loan terms.


Seller Comment (2022-02-14): LOE along with corrected PPP Addendum attached


Reviewer Comment (2022-02-02): There are two different note addendums and prepayment penalty riders all signed by the borrower with no verification the borrower was was notified which is correct.  Provide documentation of the correct prepayment penalty and evidence the borrower was notified which is correct.  Exception remains.


Seller Comment (2022-01-29): Please disregard previous comment - recorded DOT to provide proof that attached addendum to Note is correct and that borrower is aware of the correct terms.


Seller Comment (2022-01-29): Re-reviewed package submitted and only one version of the Note Addendum and prepayment riders were signed by the borrower. Attached again is the copy of the Note with note addendum and Recorded mortgage with the prepayment rider that was signed and verified correct.


Reviewer Comment (2022-01-21): The borrower signed two different note addendums and two different prepayment riders. No indication is given in file that the borrower was notified as to which version is correct. Exception remains


Seller Comment (2022-01-19): Corrected Note


Reviewer Comment (2021-12-29): This exception is for confirmation as to which is the correct Prepayment Addendum to Note.  No new information has been provided.  The exception remains.


Seller Comment (2021-12-27): correct PPP
 03/08/2022 1 A HI Investment Refinance - Rate/Term C A C A A A No
216533357 437221449 24059121 Credit Credit Credit Documentation Missing Document  Missing Document: Credit Report not provided Reviewer Comment (2021-12-29): Client provided copy of credit report.


Seller Comment (2021-12-27): Credit Report
 12/29/2021 1 A HI Investment Refinance - Cash-out - Other D A D A A A No
216533357 437221449 24059630 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided Please provide evidence of correct PPP. The loan has two signed Addendums, with two different sets of terms; [redacted] on [redacted] and [redacted] months interest on the other. Reviewer Comment (2022-01-04): Recorded security instrument provided verifying correct PPP Rider. Exception cleared.


Seller Comment (2022-01-04): See pages 22-24.  Correct PP rider : 6 months interest


Reviewer Comment (2021-12-29): The exception is for confirmation as to which Prepayment Addendum to Note is correct.  No new information concerning the Prepayment Addendum to Note was uploaded.  The exception remains.


Seller Comment (2021-12-27): correct PPP
 01/04/2022 1 A HI Investment Refinance - Cash-out - Other D A D A A A Yes
216533358 437220151 24044580 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Spousal Consent Form not provided Reviewer Comment (2022-02-15): Received email from closing attorney verifying that spousal consent form is only required for homestead properties in [Redact].  Exception is cleared.


Seller Comment (2022-02-10): [Redact] law does not require a non-titled spouse to sign the security instrument in order to perfect the lien against community property. So long as the property is non-homestead property, only the spouse vested in title must sign the security instrument.  Attached is an email from the [Redact] attorney confirming the non-homestead and homestead property requirements.


Reviewer Comment (2022-01-31): Please have the title company provide a document that clearly states the borrower's spouse was not required to sign a Spousal Consent.  The document provided is vague as is states "spouse was not required to sign anything as this is investment property and not their homestead."  The borrower signed the note as an individual and the spouse's assets can be affected because this is a community property state.


Seller Comment (2022-01-27): See attached memo.  Spousal consent is not required on an investment property.
 02/15/2022 1 A TX Investment Purchase C A C A A A No
216533364 437221446 24065943 Credit Credit Miscellaneous Guideline Credit Exception: Need clarification for PPP.  Please provide evidence of correct PPP. The loan has two signed Addendums, with [redacted] different sets of terms; [redacted] on [redacted] and [redacted] months interest on the other.  There are also [redacted] Riders to the Security Instrument.  Provide clarification for those as well. Reviewer Comment (2022-01-06): Client confirmed the correct prepayment penalty is 6 months interest.


Seller Comment (2022-01-04): Correct PP rider(see pages 22-24) 6 months interest


Reviewer Comment (2021-12-29): The exception for clarification as to which is the correct Prepayment Addendum to Note has not been received.  Please confirm which is the correct Prepayment Addendum to Note.  Exception remains.


Seller Comment (2021-12-27): Correct PPP rider
 01/06/2022 1 A HI Investment Refinance - Rate/Term C A C A A A No
216533364 437221446 24179661 Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Refinance purpose discrepancy. Approval reflects Rate and Term, however the borrower received $XXX,xx cash at close. Reviewer Comment (2021-12-29): Loan is a Technical Refinance; borrower purchased property with cash within six months of application date.


Seller Comment (2021-12-28): : These are all technical refinances which means they are recouping some of the funds used to purchase the property that is why it is coded as R&T and not cash out refinance.  It's a rate and term because it was done within 6 months of the original purchase , delayed financing.   The borrower just recouped his funds from a cash purchase . All of his loans except one have been rate and term because of this
 12/29/2021 1 A HI Investment Refinance - Rate/Term C A C A A A No
216533397 437221475 24182428 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Reviewer Comment (2022-02-02): Received updated 1003 and 1008 with DTI between [Redact] and [Redact].
 02/02/2022 1 A CA Primary Purchase C A C A A A A A Non QM Non QM No
216533397 437221475 24182429 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Reviewer Comment (2022-02-02): Assets sufficient.
 02/02/2022 1 A CA Primary Purchase C A C A A A A A Non QM Non QM No
216533761 437221396 24045819 Credit Insurance Insurance Documentation Insurance Missing Document: Flood Insurance Policy not provided Please provide the flood insurance policy. Reviewer Comment (2021-12-23): Flood policy effectivexx/xx/xx provided. Exception cleared.


Seller Comment (2021-12-22): Flood PIF


Seller Comment (2021-12-22): Flood Policy
 12/23/2021 1 A NY Investment Refinance - Cash-out - Other C A C A A A No
216533761 437221396 24045821 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided Please provide the certificate of good standing. Reviewer Comment (2021-12-29): Client provided State of xx Department of State document showing business is active.


Seller Comment (2021-12-23): Good Standing certificate
 12/29/2021 1 A NY Investment Refinance - Cash-out - Other C A C A A A No
216535852 437220159 24076881 Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. The charm booklet was not provided Reviewer Comment (2022-01-05): Welcome Letter dated [Redact] delivered a link to access the CHARM Booklet. Exception cleared.


Seller Comment (2022-01-04): [Redact] [Redact] CHARM Booklet,
 01/05/2022 1 A CA Primary Refinance - Cash-out - Other No Defined Cure C B A A C B A A Non QM Non QM No
216535852 437220159 24086861 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure AIR Table First Change Frequency TILA-RESPA Integrated Disclosure - Adjustable Interest Rate Table: Final Closing Disclosure provided on [redacted] disclosed a First Change frequency that does not match the actual first change frequency for the loan. Lender used incorrect minimum payment for AP Table and Payment Streams for year [redacted]. Please provide corrected 1003 and evidence it was sent to the borrower with explanation. Reviewer Comment (2022-02-10): [Redact] received a corrected CD and LOE.


Seller Comment (2022-02-08): PCCD


Reviewer Comment (2022-01-28): [Redact] received Corrected CD and LOE.  However, the AIR Table First Change Frequency was not updated to match loan terms calculation from the date of interest accural.  Page 4 Change Frequency First Change should reflect as 86th month.  Corrected CD and LOE to borrower to cure.


Seller Comment (2022-01-27): PCCD delivery info


Seller Comment (2022-01-27): Updated PCCD
 02/10/2022 2 B CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
216535854 437220140 24075772 Compliance Compliance State Compliance State Defect Rhode Island Home Loan (Prohibited Acts and Practices Regarding High-Cost Home Loans Disclosure Not Provided) xxxx Home Loan: Prohibited Acts and Practices Regarding High-Cost Home Loans disclosure not provided. Reviewer Comment (2022-01-11): Client provided signed disclosure.


Seller Comment (2022-01-07): Disclosure attached
 01/11/2022 1 A RI Primary Refinance - Cash-out - Other C B C A C B B B Non QM Non QM No
216535854 437220140 24075884 Credit Guideline Guideline Issue Guideline Missing required income documentation . - P&L or check stubs or bank statements reflecting YTD amount of income not provided and required by guidelines. Reviewer Comment (2021-12-29): Received commission checks received in [Redact]. Exception cleared.


Seller Comment (2021-12-27): YTD paystubs
 12/29/2021 1 A RI Primary Refinance - Cash-out - Other C B C A C B B B Non QM Non QM No
216535854 437220140 24087203 Compliance Compliance Federal Compliance Federal HPML TIL Higher Priced Mortgage Loan Safe Harbor Test TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. Appraisal transfer letter from broker assigning rights to the appraisal to the lender was not provided. Reviewer Comment (2022-01-11): Seller elects to waive this exception.


Seller Comment (2022-01-07): Seller requests buyer review: Please waive this exception with no grade change
 01/11/2022 2 B RI Primary Refinance - Cash-out - Other C B C A C B B B Non QM Non QM No
216535854 437220140 24087207 Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Appraisal is required to be in name of Lender - Appraisal transfer letter from broker assigning rights to the appraisal to the lender was not provided Reviewer Comment (2022-01-11): Seller elects to waive this exception.


Seller Comment (2022-01-07): Seller requests buyer review: Please waive this exception with no grade change
 01/11/2022 2 B RI Primary Refinance - Cash-out - Other C B C A C B B B Non QM Non QM No
216535854 437220140 24468513 Compliance Compliance State Compliance State Defect Rhode Island Home Loan (Prohibited Acts and Practices Regarding High-Cost Home Loans Disclosure Not Signed) xxxx Home Loan: Prohibited Acts and Practices Regarding High-Cost Home Loans disclosure not properly executed. The disclosure was not signed by the Lender and Broker as required. Reviewer Comment (2022-03-02): Client provided disclosure signed by the Lender.


Seller Comment (2022-03-01): [Redact] [Redact] - Attached signed discloser from Broker.


Reviewer Comment (2022-02-23): The Disclosure is for Prohibited Acts of Lenders and Loan Brokers in [Redact]  The disclosure is not necessarily for High Cost Loans.  The document has not been signed by the Lender and Broker as required.  The exception remains.


Seller Comment (2022-02-17): [Redact] [Redact] - We do not close high-cost loans so why would we require this form- Please clarify


Seller Comment (2022-02-17): We do not close high-cost loans so so this form should not be required.
 03/02/2022 1 A RI Primary Refinance - Cash-out - Other C B C A C B B B Non QM Non QM No
216535854 437220140 24871690 Compliance Compliance State Compliance State Defect Rhode Island Home Loan (Prohibited Acts and Practices Regarding Home Loans Disclosure Not Signed) xxxx Home Loan: Prohibited Acts and Practices Regarding Home Loans Disclosure not properly executed. Disclosure was not signed by the Broker and the Lender. Reviewer Comment (2022-03-02): Client provided disclosure signed by the Lender.


Seller Comment (2022-03-01): [Redact] [Redact] - Attached signed discloser from Broker.
 03/02/2022 1 A RI Primary Refinance - Cash-out - Other C B C A C B B B Non QM Non QM No
216536754 437221465 24074467 Credit Income / Employment Income Documentation Income / Employment The verification of employment is required and was not found in file. - VOE for borrower's employment at XXXX not provided. Reviewer Comment (2022-01-13): VOE provided in trailing documents. Exception cleared.


Seller Comment (2022-01-11): VOE
 01/13/2022 1 A CA Primary Refinance - Rate/Term C B C A B B A A Non QM Non QM No
216536754 437221465 24074468 Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within 10 business days of the Note. - VOE for borrower's employment at XXXX not provided within XX days of the note. Reviewer Comment (2022-01-13): VOE provided in trailing documents. Exception cleared.


Seller Comment (2022-01-11): VOE
 01/13/2022 1 A CA Primary Refinance - Rate/Term C B C A B B A A Non QM Non QM No
216536754 437221465 24085081 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC) Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-8 form was used, the H-9 form should have been used. Right to Cancel was issued on incorrect form.  Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form. H-9 Form must be used as lender is the same as originating lender. Reviewer Comment (2022-01-31): Client provided LOX, proof of delivery (emailed) and corrected RTC Form H-9.


Seller Comment (2022-01-27): LOE regarding RTC


Seller Comment (2022-01-27): Right to Cancel


Reviewer Comment (2022-01-13): We are in receipt of the Notice of Right to Cancel on the correct form (H-9).  We also need a copy of the Letter of Explanation and Proof of Delivery that was sent to the borrower regarding the re-opening of the rescission period.


Seller Comment (2022-01-12): NOTRC and LOE
 01/31/2022 2 B CA Primary Refinance - Rate/Term TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B C A B B A A Non QM Non QM Yes
216536754 437221465 24665091 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [redacted], prior to [redacted] business days from transaction date of [redacted]. Provided PCCD showing correct disbursement date after Rescission Period changed because the wrong Right to Cancel Form was used. Reviewer Comment (2022-02-15): Rec'd LOE, and Signed corrected ROR confirming delivery.


Seller Comment (2022-02-09): PCD
 02/15/2022 2 B CA Primary Refinance - Rate/Term TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B C A B B A A Non QM Non QM Yes
216536756 437221627 24074462 Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $xxx,xx exceeds tolerance of $xxx,xx plus [redacted] or $xxx,xx.  Sufficient or excess cure was provided to the borrower at Closing. 12/13/2021 1 A MA Investment Purchase Final CD evidences Cure C A C A C A A A N/A Exempt from ATR Yes
216536756 437221627 24084936 Credit Loan Package Documentation Loan File Missing Document  Missing Document: Hazard Insurance Policy not provided 12/29/2021 1 A MA Investment Purchase C A C A C A A A N/A Exempt from ATR No
216536756 437221627 24087791 Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - Not Tested As Primary The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment).  Determination has not been made as to whether the loan would be High Cost and/or HPML if ran as a Primary Residence. Reviewer Comment (2022-02-07): Cleared   Approved as investment.


Seller Comment (2022-02-03): I don't believe that there is an actual guideline pertaining to the way this file was structured.  It was definitely a bit confusing and out of the box, however, the loan structure was approved by Product Help.  The loan did not meet the requirements for an owner occupied transaction with a non-occupant cosigner so it was purchased as an investment property.   Since the investment purchase guidelines are more restrictive than the o/o guidelines, this was considered acceptable.
 02/07/2022 1 A MA Investment Purchase C A C A C A A A N/A Exempt from ATR No
216536756 437221627 24087836 Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. - Reviewer Comment (2022-02-07): Evidence that the loan was approved as investment property in the file.  Exception cleared.


Seller Comment (2022-02-03): I don't believe that there is an actual guideline pertaining to the way this file was structured.  It was definitely a bit confusing and out of the box, however, the loan structure was approved by Product Help.  The loan did not meet the requirements for an owner occupied transaction with a non-occupant cosigner so it was purchased as an investment property.   Since the investment purchase guidelines are more restrictive than the o/o guidelines, this was considered acceptable.
 02/07/2022 1 A MA Investment Purchase C A C A C A A A N/A Exempt from ATR No
216536758 437221432 24074896 Credit Title Document Error Title There is no dollar amount noted on the title policy. The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. Reviewer Comment (2021-12-30): Title policy provided. Exception cleared.


Seller Comment (2021-12-28): Title Policy - page 6 shows the amount
 12/30/2021 1 A CA Primary Refinance - Rate/Term C B C A B B A A Non QM Non QM No
216536758 437221432 24074897 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. The file was missing a copy of the final title policy. Reviewer Comment (2021-12-30): Title policy provided. Exception cleared.
 12/30/2021 1 A CA Primary Refinance - Rate/Term C B C A B B A A Non QM Non QM No
216536758 437221432 24075111 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Please provide all appraisals and evidence that it was sent to the borrower at least [redacted] days prior to closing Reviewer Comment (2022-02-08): Aggregator elects to waive.


Reviewer Comment (2021-12-30): Appraisal delivery proof provided is dated prior to appraisal date of xx/xx/xxrrower acknowledgment of appraisal receipt not included in the file. Exception remains.


Seller Comment (2021-12-29): Appr Proof
 02/08/2022 2 B CA Primary Refinance - Rate/Term C B C A B B A A Non QM Non QM No
216536758 437221432 24075112 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Please provide all appraisals and evidence that it was sent to the borrower at least [redacted] days prior to closing Reviewer Comment (2022-02-08): Aggregator elects to waive.
 02/08/2022 2 B CA Primary Refinance - Rate/Term C B C A B B A A Non QM Non QM No
216536758 437221432 24086091 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. DTI above [redacted] required an additional [redacted] months reserves. Reviewer Comment (2022-01-21): Received bank statements from xxx for additional funds available for reserves.  Exception is cleared.


Seller Comment (2022-01-19): Quarterly Statement


Reviewer Comment (2021-12-29): Provide most recent two statements, dated prior to closing, for retirement funds with xxx account xxxx.  This account was added to the revised 1003 and 1008.  Statements are not in the file for this account.


Seller Comment (2021-12-28): corrected/matching 1003 & 1008 with sufficient assets for reserves attached
 01/21/2022 1 A CA Primary Refinance - Rate/Term C B C A B B A A Non QM Non QM No
216536758 437221432 24740410 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Reviewer Comment (2022-02-09): Aggregator elects to waive.
 02/09/2022 2 B CA Primary Refinance - Rate/Term C B C A B B A A Non QM Non QM No
216544302 437220513 24200817 Credit Credit Miscellaneous Guideline Credit Exception: There were [redacted] NSFs in the last [redacted] months and [redacted] in the last [redacted] months. The representative FICO score exceeds the guideline minimum by at least xx points.

The qualifying DTI on the loan is at least xx% less than the guideline maximum.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Credit score of XXX is greater than [redacted] minimum.

DTI of [redacted] is less than [redacted] max.

LTV of [redacted] is less than [redacted] max.		 Originator Pre-Close,Owner

Originator Pre-Close,Owner

Originator Pre-Close,Owner

Owner

Owner

Owner

Owner		 Reviewer Comment (2021-12-29): Lender approved exception.


Seller Comment (2021-12-28): Acknowledgement of receipt of exception was stated in the comment log but the exception still remains open.  Please clear this item based on the prior uploaded exception approval or provide a reason why it remains o.pen


Reviewer Comment (2021-12-28): Lender approved exception dated xx/xx/xx provided.


Seller Comment (2021-12-27): There was a previously approved exception for the excessive NSF's on this loan.  Exception approval uploaded.


Seller Comment (2021-12-23): Hello, so in order to clear this exception I need an LOE from the borrower? Please advise
 12/29/2021 2 B CA Primary Refinance - Rate/Term C B C B A A A A Non QM Non QM No
216553802 437220425 24081635 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule [Redacted]: Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. 12/23/2021 1 A CA Primary Purchase C A C A B A A A Non QM Non QM No
216553802 437220425 24081689 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Reviewer Comment (2022-02-01): Requirement was clerical in nature, ok post close.
 02/01/2022 1 A CA Primary Purchase C A C A B A A A Non QM Non QM No
216554014 437220505 24056769 Credit Loan Package Documentation Loan File Missing Document  Missing Document: Hazard Insurance Policy not provided Reviewer Comment (2022-01-20): Client provided Replacement Cost Estimator.


Seller Comment (2022-01-19): Updated homeowners insurance binder showing 150% coverage (up to $xxx) with RCE indicating $xxx.


Reviewer Comment (2022-01-18): The insurance document provided shows Dwelling Coverage in the amount of $xxx with Extended Coverage of $xxxThere is a Coverage Shortfall in the amount of $xxxProvide evidence of increased coverage to meet requirements or provide a Replacement Cost Estimator.


Reviewer Comment (2022-01-18): Closed in error.


Reviewer Comment (2022-01-18): Client provided insurance document.


Seller Comment (2022-01-14): Hazard Insurance
 01/20/2022 1 A CA Investment Purchase C A C A A A No
216554014 437220505 24057015 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Non-Owner Occupancy Declaration not provided Reviewer Comment (2022-01-18): Client provided Occupancy Certification signed by borrowers - verified property will be an investment property.


Seller Comment (2022-01-14): Occupancy Cert
 01/18/2022 1 A CA Investment Purchase C A C A A A No
216554014 437220505 24057031 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Trust Agreement not provided Reviewer Comment (2022-01-20): Client provided copy of Trust Agreement.


Seller Comment (2022-01-19): Correct Trust Agreement provided


Reviewer Comment (2022-01-18): This exception is for the missing Trust Agreement.  The document uploaded was the Business Purpose Certificate.  Provide the Trust Agreement.


Seller Comment (2022-01-14): Completed cert
 01/20/2022 1 A CA Investment Purchase C A C A A A No
216554014 437220505 24059721 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide the fully executed Business Purpose documentation. Reviewer Comment (2022-01-18): Client provided copy of signed Business Purpose Certificate.


Seller Comment (2022-01-14): Business Purpose Cert.


Seller Comment (2022-01-14): Not required on purchase Transactions - Please clear condition
 01/18/2022 1 A CA Investment Purchase C A C A A A No
216554344 437220405 24060417 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-01-19): Client provided copy of the signed Business Purpose Certificate.


Seller Comment (2022-01-14): Non-QM Borrower Affirmation and Cert
 01/19/2022 1 A FL Investment Purchase C A C A A A No
216554385 437221091 24062323 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Title Preliminary not provided Missing Reviewer Comment (2021-12-23): Title Commitment provided. Exception cleared.


Seller Comment (2021-12-22): See attached title
 12/23/2021 1 A MS Investment Purchase C A C A A A No
216554385 437221091 24062358 Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided Reviewer Comment (2021-12-23): Permanent Resident alien card provided. Exception cleared.


Seller Comment (2021-12-22): see attached
 12/23/2021 1 A MS Investment Purchase C A C A A A No
216554385 437221091 24064498 Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file. Missing Reviewer Comment (2021-12-23): Title commitment provided. Exception cleared.


Seller Comment (2021-12-22): See attached title prelim. Please clear final title condition
 12/23/2021 1 A MS Investment Purchase C A C A A A No
216554385 437221091 24065047 Credit Credit Miscellaneous Guideline Credit Exception: The Loan file included [redacted] different Prepayment Note Addendums. Please Clarity which Addendum should be used. Reviewer Comment (2021-12-23): Correct PPP Note Addendum provided that coincides with the PPP disclosed on the final CD. Exception cleared.


Seller Comment (2021-12-23): Attached is the correct addendum - the[Redact]
 12/23/2021 1 A MS Investment Purchase C A C A A A No
216557221 437220556 24071841 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-01-07): Client provided DRIVE Fraud Report.


Seller Comment (2022-01-06): Fraud report uploaded.
 01/07/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
216557221 437220556 24072534 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided Please provided the 1008 or the Approval with loan terms. Reviewer Comment (2022-01-07): Client provided Conditional Loan Approval.


Seller Comment (2022-01-06): UW Approval uploaded.
 01/07/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
216558736 437221192 24093259 Credit Title General Title Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2021-12-23): Final title policy provided verifying $xxx in loan coverage. Exception cleared.


Seller Comment (2021-12-22): xx/xx uploaded documents please advise if anything else is needed.
 12/23/2021 1 A CA Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216558736 437221192 24093270 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. The file was missing a copy of the final title policy. Reviewer Comment (2021-12-23): Final title policy provided verifying $xxx in loan coverage. Exception cleared.
 12/23/2021 1 A CA Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216558736 437221192 24093271 Credit Title General Title Final Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2021-12-23): Final title policy provided verifying $xxx in loan coverage. Exception cleared.


Seller Comment (2021-12-22): xx/xx uploaded documents please advise if anything else is needed.
 12/23/2021 1 A CA Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216558736 437221192 24093309 Credit Guideline Guideline Issue Guideline Loan does not meet minimum income documentation requirements. - Gap greater than [redacted] months, prior history in same line of work not documented. Reviewer Comment (2022-01-03): The documentation provided has been escalated to senior management for further consideration and has been deemed acceptable. Exception cleared.


Seller Comment (2021-12-27): xx/xx xxx Uploaded document Please Advise if anything else is needed.


Reviewer Comment (2021-12-23): Borrower provided extensive LOE regarding his work history and employment gap. Borrower has returned to being gainfully employed since his hiatus taking care of his ill father-in-law. Linked-In profile verifies articles written between employers. Verification of Borrower's business, xxx, not provided.


Seller Comment (2021-12-22): xx/x uploaded documents please advise if anything else is needed.
 01/03/2022 1 A CA Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216558736 437221192 24350294 Credit Credit Miscellaneous Guideline Credit Exception: Borrower indicates there is an employment contract and the file contains a WVOE. Is the borrower self employed or an employee? Provide the borrower's Employment Contract per borrower LOE. Reviewer Comment (2022-01-06): Borrower is not self-employed. Exception cleared.


Seller Comment (2022-01-06): Good morning. Please see the attached memorandum and supporting documentation. Thank you.
 01/06/2022 1 A CA Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216559679 437221369 24094249 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Final title not provided in file. Reviewer Comment (2022-01-14): Final title policy provided in trailing documents. Exception cleared.
 01/14/2022 1 A HI Primary Refinance - Cash-out - Other B A B A A A A A Non QM Non QM No
216559679 437221369 24101078 Credit Title Document Error Title There is no dollar amount noted on the title policy. Policy amount was not provided on the preliminary title in file. Reviewer Comment (2022-01-14): Final title policy provided in trailing documents. Exception cleared.


Seller Comment (2022-01-13): FTP
 01/14/2022 1 A HI Primary Refinance - Cash-out - Other B A B A A A A A Non QM Non QM No
216559680 437221371 24093478 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Reviewer Comment (2021-12-30): Final title policy received verifying loan amount coverage. Exception cleared.
 12/30/2021 1 A CA Investment Refinance - Rate/Term C A C A B A A A N/A Exempt from ATR No
216559680 437221371 24093483 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Reviewer Comment (2022-01-06): Replacement Cost Estimator provided. Exception cleared.


Seller Comment (2022-01-05): insurance coverage
 01/06/2022 1 A CA Investment Refinance - Rate/Term C A C A B A A A N/A Exempt from ATR No
216559680 437221371 24093617 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Reviewer Comment (2022-01-12): Client provided appraisal delivery document.


Seller Comment (2022-01-12): Appraisal Proof


Seller Comment (2022-01-07): Seller requests buyer review: Seller requests buyer review: Level II condition please waive and clear file


Reviewer Comment (2021-12-30): Appraisal delivery proof is dated prior to the appraisal date of xx/xx'. Provide Borrower acknowledgment of appraisal receipt at least 3 days prior to closing or that the borrower signed the 72-hour waiver.


Seller Comment (2021-12-29): Appr Proof
 01/12/2022 1 A CA Investment Refinance - Rate/Term C A C A B A A A N/A Exempt from ATR No
216559680 437221371 24101711 Credit Title Document Error Title There is no dollar amount noted on the title policy. The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. Reviewer Comment (2021-12-30): Final title policy received verifying loan amount coverage. Exception cleared.


Seller Comment (2021-12-29): Page 9 has dollar amount
 12/30/2021 1 A CA Investment Refinance - Rate/Term C A C A B A A A N/A Exempt from ATR No
216559680 437221371 24101819 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Reviewer Comment (2021-12-30): REO property documentation received. Exception cleared.


Seller Comment (2021-12-29): PCH attached
 12/30/2021 1 A CA Investment Refinance - Rate/Term C A C A B A A A N/A Exempt from ATR No
216559691 437221398 24093464 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-01-21): Client provided DRIVE Fraud Report.


Seller Comment (2022-01-18): Fraud Report
 01/21/2022 1 A NY Investment Purchase D A C A D A No
216559691 437221398 24093506 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 Investor to provide CDA Reviewer Comment (2022-01-10): Client provided CDA from Clear Capital.


Seller Comment (2022-01-07): CDA
 01/10/2022 1 A NY Investment Purchase D A C A D A No
216560746 437221429 24100480 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Provide a third party verification verifying as least [redacted] years of employment for Borrower and documentation that the business is currently active/ in good standing. Reviewer Comment (2022-01-25): Sec of State business search dated xx/xx/xx verifying inception date is greater than two years.


Seller Comment (2022-01-19): Employment verification
 01/25/2022 1 A CA Primary Refinance - Rate/Term C A C A A A A A Non QM Non QM No
216560747 437221433 24100080 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Please provide all appraisals and evidence that it was sent to the borrower at least [redacted] days prior to closing Reviewer Comment (2022-02-08): Seller acknowledges exception


Seller Comment (2022-02-08): Seller requests buyer review: lvl 2 condition, please waive


Reviewer Comment (2022-02-03): Evidence of delivery of final appraisal, dated xx/xx/xxt provided.


Reviewer Comment (2022-01-25): Proof of receipt of appraisal provided in trailing documents. Exception cleared.


Seller Comment (2022-01-20): Appr proof of delivery
 02/08/2022 2 B GA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216560747 437221433 24100199 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Have Escrow -  Initial Escrow Payment Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XXXXX/XX/XXclosed the Initial Escrow Payment that does not match the escrow payment disclosed on page 2. Reviewer Comment (2022-01-05): PC CD dated xx/xx/xx provided with the corrections along with proof of delivery to borrower and refund. Exception cleared.


Seller Comment (2022-01-03): Final CD


Seller Comment (2022-01-03): 1st pay letter


Seller Comment (2022-01-03): Initial Account Escrow Disclosure
 01/05/2022 1 A GA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
216560747 437221433 24100211 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Transfer Tax Fee was last disclosed as $XXX,xx on LE but disclosed as $XXX,xx on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $XXX,xx, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-01-05): xxx received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund Check.


Seller Comment (2022-01-04): PCD
 01/05/2022 2 B GA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216560747 437221433 24100245 Credit System General System Flood Certificate Subject Address does not match Note address. Flood cert missing unit number Reviewer Comment (2022-01-13): Client provided Flood Certificate with the correct address.


Seller Comment (2022-01-12): Flood Cert
 01/13/2022 1 A GA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216560747 437221433 24598990 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Appraisal was sent to borrower on XXXXX/XX/XXch is prior to the report date on the appraisal of XXX/XX/XX Reviewer Comment (2022-02-03): Evidence of delivery of preliminary appraisal provided.  No evidence provided related to final appraisal.  Applicable exception re-opened.


Seller Comment (2022-02-01): attached copy of appraisal proof which shows appraisal sent xx/xx and copy of appraisal which shows date of appraisal as xx/xx not xx/xx.
 02/03/2022 1 A GA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216560748 437221437 24106821 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year [redacted] of [redacted] on Final Closing Disclosure provided on XXXXX/XX/XX accurate. Property Costs over Year [redacted] of $XXX,xx on Final Closing Disclosure provided on XXXXX/XX/XX based on HOA monthly cost of $XXX is not accurate, as subject property does not have an HOA Reviewer Comment (2022-01-05): correct cure date


Reviewer Comment (2022-01-05): xxx received Letter of Explanation & Corrected Closing Disclosure.


Seller Comment (2022-01-04): PCD
 01/05/2022 2 B WA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
216560750 437221444 24102773 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] did not disclose Amount of Non-Escrowed Property Costs over Year [redacted] The Final CD page 4 does not reflect any amount for Non-Escrowed Property Costs over Year [redacted].  The Appraisal reflects annual HOA dues of [redacted] which are not indicated on either page 1 or page 4 of the Final CD. Reviewer Comment (2022-02-10): [Redact] received LOE.


Seller Comment (2022-02-09): PCCD with cover letter


Reviewer Comment (2022-02-02): Received PCCD and letter, however, Non-Escrowed Property Costs still do not match.  Page four reflects $[Redact] while the appraiser states $[Redact].  The appraiser's HOA fee would reflect a monthly payment of $[Redact]. while the estimated taxes, insurance and assessments reflects $[Redact].  Taxes $[Redact] + Insuance $[Redact] + $[Redact].  The 1008 reflects an HOA fee of $[Redact].  Please clarify and document the HOA fees and provide a corrected PCCD and new letter to the borrower.


Seller Comment (2022-01-31): PCD cover letter


Reviewer Comment (2022-01-31): [Redact] received [Redact] Corrected CD.  Missing copy of LOE to borrower which accompanies the correction to finalize cure.


Seller Comment (2022-01-27): Corrected CD
 02/10/2022 2 B FL Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
216560750 437221444 24104710 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. The Final CD reflects a Lender Credit / Cure for [redacted] that is sufficient to cover this variance. Reviewer Comment (2021-12-15): Sufficient Cure Provided At Closing
 12/15/2021 1 A FL Primary Refinance - Rate/Term Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
216560750 437221444 24104711 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. The Final CD reflects a Lender Credit / Cure for [redacted] that is sufficient to cover this variance. Reviewer Comment (2021-12-15): Sufficient Cure Provided At Closing
 12/15/2021 1 A FL Primary Refinance - Rate/Term Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
216560750 437221444 24104822 Credit Title General Title Final Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2022-01-06): Client provided copy of revised title commitment with coverage in the amount of $[Redact].


Seller Comment (2022-01-05): Title Policy
 01/06/2022 1 A FL Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216570722 437221402 24102264 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 The file is missing a copy of the secondary valuation required for securitization purposes. Reviewer Comment (2022-01-10): Client provided Appraisal Field Review Report.


Seller Comment (2022-01-10): Field review LOX


Reviewer Comment (2022-01-06): The Appraisal Field Review Report does not show the Reviewer's Opinion of Value.


Seller Comment (2022-01-05): Field Review
 01/10/2022 1 A NV Primary Refinance - Cash-out - Other D A C A C A D A Non QM Non QM No
216570722 437221402 24102700 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on xx/xx/xx, prior to [redacted] business days from transaction date of xx/xx/xx. Subject loan transaction disbursed on xx/xx/xx, prior to [redacted] business days from transaction date of xx/xx/xx. Reviewer Comment (2022-01-28): Client provided Certified Copy of Final Settlement Statement from Stewart Title showing the disbursement date of xx/xx/xx.


Seller Comment (2022-01-25): Closing Statement


Reviewer Comment (2022-01-11): We are in receipt of the PCCD showing a disbursement date of xx/xx/xx.  If the correct disbursement date is xx/xx/xx, provide a Certified Copy of the Final Settlement Statement from the closing company or the funding sheet from the Funding Department showing a disbursement date of xx/xx/xx.  Otherwise, the rescission period must be re-opened.  Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form


Seller Comment (2022-01-07): Corrected disbursement date
 01/28/2022 1 A NV Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form D A C A C A D A Non QM Non QM Yes
216570722 437221402 24105194 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Evidence business was active/in good standing not provided. Reviewer Comment (2022-01-12): Third-party VOE provided and CPA confirmed business is operational. Exception cleared.


Seller Comment (2022-01-12): Verbal VOE
 01/12/2022 1 A NV Primary Refinance - Cash-out - Other D A C A C A D A Non QM Non QM No
216570722 437221402 24420928 Property Property - Appraisal Appraisal Documentation Property - Appraisal The property type differs between the valuation documents in file. Unable to verify the property type.  Ineligible per guidelines. The appraisal shows the property type is a single-family dwelling.  The Field Review Report shows property type is PUD. Reviewer Comment (2022-01-28): Client provided revised Appraisal Field Review Report showing property is a SFR; not a PUD.


Seller Comment (2022-01-25): Field Review - Property is Not in a PUD
 01/28/2022 1 A NV Primary Refinance - Cash-out - Other D A C A C A D A Non QM Non QM No
216570722 437221402 24420934 Credit Property - Appraisal General Appraisal Requirements Property - Appraisal Valuation Error: Field review value not provided. - The Field Review Report is missing the field value. Reviewer Comment (2022-01-10): Client provided Appraisal Field Review Report stating the value in the appraisal report is accurate.
 01/10/2022 1 A NV Primary Refinance - Cash-out - Other D A C A C A D A Non QM Non QM No
216570724 437221406 24106716 Credit Insurance Insurance Analysis Insurance The Hazard Insurance Policy effective date is after the Transaction Date. Policy effective date is XX.XX.XXXX. Reviewer Comment (2022-01-03): Documentation received.  Exception cleared. x/xx/xx.


Seller Comment (2021-12-30): HOI Dec Page


Seller Comment (2021-12-30): HOI Invoice
 01/03/2022 1 A FL Primary Purchase C A C A A A A A Non QM Non QM No
216570724 437221406 24106743 Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. Reviewer Comment (2022-01-03): Documentation received.  Exception cleared. x/xx/xx.


Seller Comment (2021-12-30): We will not have a VOR or VOM on this one
Borrower didn't rent - he owned
And his pervious address was owned free and clear
I have attached the closing disclosure from the sale of the property showing no mortgage
 01/03/2022 1 A FL Primary Purchase C A C A A A A A Non QM Non QM No
216570729 437221457 24107336 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Please provide all appraisals and evidence that it was sent to the borrower at least x days prior to closing Reviewer Comment (2022-01-04): Appraisal delivery proof provided. Exception cleared.


Seller Comment (2022-01-04): Appr Proof
 01/04/2022 1 A FL Primary Refinance - Cash-out - Other C A C A B A A A Non QM Non QM No
216570729 437221457 24107517 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Reviewer Comment (2022-01-31): Client provided asset documentation for accounts to meet reserve requirements.


Seller Comment (2022-01-27): 2 months of each bank account


Reviewer Comment (2022-01-25): Received one month bank statement for three different personal accounts.  Guidelines require 60 days.  Please provide additional month statement for accounts ending in [Redact], [Redact] and [Redact].


Seller Comment (2022-01-20): At the time of closing we had $[Redact] between the 2 [Redact] accounts and [Redact], isn't that more than 3 months
 01/31/2022 1 A FL Primary Refinance - Cash-out - Other C A C A B A A A Non QM Non QM No
216570729 437221457 24107518 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Reviewer Comment (2021-12-30): Client provided Division of Corporation Search showing business was registered xx/xx/xx and is in Active Status.


Seller Comment (2021-12-29): Verification of Employment
 12/30/2021 1 A FL Primary Refinance - Cash-out - Other C A C A B A A A Non QM Non QM No
216570730 437221461 24108624 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. No documentation found reflecting the appraisal was sent to the borrower Reviewer Comment (2022-02-04): Seller acknowledges exception.


Seller Comment (2022-01-05): Seller requests buyer review: level 2 condition, please waive and clear condition


Reviewer Comment (2022-01-05): Appraisal delivery proof dated xx/xx is prior to the appraisal date of xx/xx. Provide Borrower acknowledgment of appraisal receipt at least 3 days prior to closing or that the borrower signed the 72-hour waiver.


Seller Comment (2022-01-03): Appraisal Proof


Seller Comment (2022-01-03): Appraisal acknowledgement
 02/04/2022 2 B FL Second Home Purchase B B A A B B A A Non QM Non QM No
216570731 437221469 24116119 Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. File missing proof of [redacted] months of rental history. Reviewer Comment (2022-02-01): Credit supplement and bank statement reflect 12 months of payment history, exception cleared


Seller Comment (2022-01-28): rent was corrected on the 1003 from $[Redact] to $[Redact].  Revised 1003, credit supp and proof of rent pmts attached
 02/01/2022 1 A FL Primary Purchase C A C A A A A A Non QM Non QM No
216570732 437221479 24108036 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Reviewer Comment (2022-01-13): Client provided Final Title Policy with coverage in the amount of $[Redact]
 01/13/2022 1 A CA Primary Purchase C A B A C A A A Non QM Non QM No
216570732 437221479 24108037 Credit Title Document Error Title There is no dollar amount noted on the title policy. Reviewer Comment (2022-01-13): Client provided Final Title Policy with coverage in the amount of $[Redact]


Seller Comment (2022-01-12): Title Policy
 01/13/2022 1 A CA Primary Purchase C A B A C A A A Non QM Non QM No
216570732 437221479 24108261 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Please provide all appraisals and evidence that it was sent to the borrower at least [redacted] days prior to closing Reviewer Comment (2022-01-28): Client provided appraisal delivery document.


Seller Comment (2022-01-25): Appr Proof
 01/28/2022 1 A CA Primary Purchase C A B A C A A A Non QM Non QM No
216570732 437221479 24108265 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. No cure provided. Reviewer Comment (2022-03-21): [Redact] received LE, COC & Lock in Agreement dated [Redact].


Seller Comment (2022-03-17): Borrower requested Rate Lock, Fee/Discount Points adjusted according to rate lock and LE Redisclosed. See COC confirming rate lock. Rate confirmation already provided in file uploaded supporting this.


Reviewer Comment (2022-01-31): Please provide an applicable cure or Change of Circumstance.
 03/21/2022 1 A CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A B A C A A A Non QM Non QM Yes
216570732 437221479 24108266 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. No cure provided. Reviewer Comment (2022-04-06): [Redact] received missing LE dated [Redact] & corresponding valid COC dated [Redact] is available for increase in appraisal fee.


Seller Comment (2022-04-06): LE w/ COC issued on [Redact] attached


Reviewer Comment (2022-04-04): [Redact] again received the same changed circumstance dated [Redact] for a Appraisal fee increased due to Complexity, but there is no LE dated within that time frame. Provide any missing LE to associate with the changed circumstance or provide changed circumstance for the LE dated [Redact] for the Appraisal fee increased $[Redact] from $[Redact] or cure is required.


Seller Comment (2022-03-31): COC


Reviewer Comment (2022-03-30): [Redact]  Received COC dated [Redact] showing the Appraisal fee increased due to complexity, however we do not have a LE/CD within 3 business days from the change date. Please provide a LE/Cd within 3 business days from the change date which is [Redact] or provide a valid COC within 3 days prior to the LE dated [Redact], showing a vaild reason for change.


Seller Comment (2022-03-29): CIC


Reviewer Comment (2022-01-31): Please provide an applicable cure or Change of Circumstance.
 04/06/2022 1 A CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A B A C A A A Non QM Non QM Yes
216570792 437221502 24109177 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Reviewer Comment (2022-01-24): Client provided statement from xxx as requested.


Seller Comment (2022-01-18): Mortgage statements for both 1st & 2nd mortgage
 01/24/2022 1 A CA Investment Purchase C A C A A A A A N/A Exempt from ATR No
216571646 437220959 24174776 Credit Title Document Error Title There is no dollar amount noted on the title policy. The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. Reviewer Comment (2022-01-27): Client provided Final Short Form Policy showing coverage in the amount of $[Redact].


Seller Comment (2022-01-22): Final TP
 01/27/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A A A N/A Exempt from ATR No
216571646 437220959 24174863 Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. - All provided 1003s state occupying subject property. Reviewer Comment (2022-01-27): Client provided corrected 1003 showing property will not be occupied as primary residence.


Seller Comment (2022-01-22): • Initial and final 1003's with the declarations primary occupancy question corrected to No


Seller Comment (2022-01-22): initial1003


Seller Comment (2022-01-22): Final 1003
 01/27/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A A A N/A Exempt from ATR No
216571647 437220962 24168151 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. File missing Closing disclosure sent xx/x/xxxx per the disclosure tracking summary.
Missing evidence the borrower was provided final CD at least xx business day prior to closing.		 Reviewer Comment (2022-01-24): [Redact] received [Redact] CD.


Seller Comment (2022-01-21): initial CD dated [Redact]
 01/24/2022 1 A CA Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
216571649 437220133 24169617 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $XXX,xx exceeds tolerance of $XXX,xx  Insufficient or no cure was provided to the borrower. The CD issued XXXXX/XX/XX Discount Points for $XXX,xx that exceed the binding disclosed amount of $XXX,xx  No Lender Credit/Cure or Changed Circumstance documentation is in the file to valXXXXte this increase. Reviewer Comment (2022-01-05): xxx received valid COC dated xx/xx/xxh reason why the Loan Discount Point Fee was increased on the CD dated xx/xx/xxce after review the exception was cleared.


Reviewer Comment (2022-01-04): xxx received CD dated xx/xxand COC dated xx/xx for increase in Loan Discount Point Fee with reason - Loan term changed. Changed Circumstance did not provide information on change that necessitated the increase of the fee. Additional information on the change is needed to determine if the fee can be rebase lined Or rate lock required within the 3 business days from the change dated xx/xx9 or provide lender cure along with Post close CD, LOE, Proof of Delivery and Copy of check.


Seller Comment (2022-01-04): xx/xx xxx SEE ATTACHED: COC and CD attached
 01/05/2022 1 A OH Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
216571652 437220147 24172834 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date Unable to test RTC expiration date due to missing information. Reviewer Comment (2022-01-05): RTC signed on xx/xx/xxeen provided with the transaction date of xx/xx and the rescission expiration date of xx/xx completed and initialed by the Borrowers. Exception cleared.
 01/05/2022 1 A UT Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C A A A C A A A Non QM Non QM Yes
216571652 437220147 24172839 Compliance Compliance Miscellaneous Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form (Doc Error) RTC Error:  Right to Cancel expiration date is blank. The date was left blank in the disclosure. Reviewer Comment (2022-01-05): RTC signed on xx/xx/xxeen provided with the transaction date of xx/xx and the rescission expiration date of xx/xx completed and initialed by the Borrowers. Exception cleared.


Seller Comment (2022-01-04): xx/xx xxx attached  right to cancel with expiration date
 01/05/2022 1 A UT Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C A A A C A A A Non QM Non QM Yes
216571719 437220496 24203068 Credit Title Document Error Title There is no dollar amount noted on the title policy. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Primary Purchase C B B B C A A A Non QM Non QM No
216571719 437220496 24203543 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Mortgage Broker Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. No cure or changed circumstance provided. Reviewer Comment (2022-02-18): [Redact]  Received COC dated [Redact] and [Redact] and LE dated [Redact] which shows a valid change in fees. No additional cure is needed.


Seller Comment (2022-02-17): LE and COC  [Redact]


Seller Comment (2022-02-17): LE and COC date [Redact]


Seller Comment (2022-02-17): LE  dated [Redact]


Reviewer Comment (2022-02-07): [Redact] has received COC dated [Redact]. However the details provided in COC is not matching with Loan estimate dated [Redact]. COC states "added Lender Credit" but lender credit is $[Redact] in LE, COC states "rate locked at[Redact]" but interest rate is[Redact] in LE and in COC stated "Broker flipped from LPC to BPC" but in previous LE $[Redact] LPC was disclosed. Please provide COC with correct details or provide clarification of the same on LOE.


Seller Comment (2022-02-03): COC [Redact]
 02/18/2022 1 A CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C A A A Non QM Non QM Yes
216571721 437220508 24173871 Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Primary Purchase B B A A B B A A Non QM Non QM No
216571770 437221148 24107777 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided Approval or 1008 not in file. Reviewer Comment (2021-12-29): 1008 provided. Exception cleared


Seller Comment (2021-12-28): 1008
 12/29/2021 1 A NY Investment Purchase C A C A A A No
216571774 437220973 24179403 Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided Reviewer Comment (2022-02-04): Received and associated Permanent Resident Alien card. Card expires on [Redact]. Exception cleared.


Seller Comment (2022-02-02): • Borrowers Permanent Resident Alien Card
 02/04/2022 1 A IL Primary Purchase C A C A C A A A Non QM Non QM No
216571774 437220973 24180230 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. 01/07/2022 1 A IL Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
216571774 437220973 24281714 Credit Credit Miscellaneous Guideline Credit Exception: 01/07/2022 1 A IL Primary Purchase C A C A C A A A Non QM Non QM No
216571775 437220985 24197735 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. No proof the borrower received the initial CD at least [redacted] business days prior to closing. Reviewer Comment (2022-01-21): Initial CD provided.


Seller Comment (2022-01-19): Initial CD
 01/21/2022 1 A CA Primary Refinance - Rate/Term No Defined Cure C B A A C B A A Non QM Non QM No
216571775 437220985 24197736 Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure: [redacted] Percent Tolerance exceeded for Lender Credits. Final Lender Credit of $XXX,xx  is less than amount of binding Lender Credit previously disclosed in the amount of $XXX,xx. The lender credit on the initial LE was greater than the lender credit on the final CD. Reviewer Comment (2022-01-21): COC & CD provided.


Seller Comment (2022-01-19): • COC CD reducing the lender credit to $xxx
 01/21/2022 1 A CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216571775 437220985 24199577 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Please provide all appraisals and evidence that it was sent to the borrower at least [redacted] days prior to closing. Reviewer Comment (2022-01-05): Client requested buyer review.


Seller Comment (2022-01-03): Seller requests buyer review: Please waive this exception with no grade change
 01/05/2022 2 B CA Primary Refinance - Rate/Term C B A A C B A A Non QM Non QM No
216571776 437220991 24181807 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Reviewer Comment (2022-03-10): Cleared. Final title provided.
 03/10/2022 1 A FL Primary Purchase C A C A C A A A Non QM Non QM No
216571776 437220991 24181917 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. Per the Disclosure Tracking Summary the Initial CD was issued and received on [redacted].  The only CD found in the loan file is the Final CD issued [redacted].  All other CDs including the Initial [redacted] CD are required. Reviewer Comment (2022-01-24): [Redact] received initial CDs.


Seller Comment (2022-01-21): COC CD


Seller Comment (2022-01-21): initial CD
 01/24/2022 1 A FL Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
216571776 437220991 24182894 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [redacted] business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. The Initial Loan Estimate and loan disclosure package were electronically sent and signed by the borrower on [redacted], while the earliest evidence of E-Sign Consent in the loan files reflects [redacted] per the Disclosure Tracking Summary and system screen capture. Reviewer Comment (2022-01-24): [Redact] received document stating it was received within time frame.


Seller Comment (2022-01-21): • [Redact] cert confirming the borrower's e-consented on [Redact]
 01/24/2022 1 A FL Primary Purchase C A C A C A A A Non QM Non QM No
216571776 437220991 24193845 Credit Loan Package Documentation Closing / Title Loan Package Documentation Title Error: Title vesting does not concur with deed The Security Instrument vesting includes the co-borrower's spouse, XXXX.  The Warranty Deed dated [redacted] and notarized [redacted] does not include XXXX - which matches the Title Commitment in file.  Final Title not available in file. Reviewer Comment (2022-03-10): Cleared with final title note vested vs insured mortgage and letter from title


Seller Comment (2022-03-08): • Email from title confirming what the vesting means on the security instrument


Seller Comment (2022-03-08): • [Redact] cert regarding the vesting on the security instrument


Reviewer Comment (2022-02-10): The issue is not that she signed the security instrument, which is required for a non-borrowing spouse, but that the security instrument discloses she will be on title as joint tenants with rights of survivorship.  Final Title confirms she is not vested.  Exception remains.


Seller Comment (2022-02-08): • Email from title confirming the non-borrowing spouse only signed the Mortgage for Homestead reasons and did not sign the Deed as she did not want to be on title.


Reviewer Comment (2022-01-25): Received final Title which matches the Title Commitment.  Neither include [Redact] however, she signed the Security Instrument.
 Exception remains.


Seller Comment (2022-01-21): Final Title Policy
 03/10/2022 1 A FL Primary Purchase C A C A C A A A Non QM Non QM No
216571809 437220161 24393172 Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $XXXexceeds tolerance of $XXXplus [redacted] or $XXX  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-01-05): Sufficient Cure Provided At Closing
 01/05/2022 1 A TX Primary Refinance - Rate/Term Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
216571809 437220161 24393177 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for TX Guaranty Fee.  Fee Amount of $x,xx exceeds tolerance of $x,xx.  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-01-05): Sufficient Cure Provided At Closing
 01/05/2022 1 A TX Primary Refinance - Rate/Term Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
216571810 437220162 24198733 Credit Title General Title Final Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2022-01-05): Update tile commitment dated xx/xx/xxifies loan amount coverage. Exception cleared.


Seller Comment (2022-01-04): xx/xx xxx Final Title commitment in the Amount of $xxx
 01/05/2022 1 A TX Primary Refinance - Rate/Term C A C A A A A A Non QM Non QM No
216571888 437221149 24172981 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Spousal Consent Form not provided Property is a purchase in a community property state. Reviewer Comment (2022-01-24): Received


Seller Comment (2022-01-18): Please see attached


Reviewer Comment (2022-01-14): Refer to comment dated xx/xx/xx for information regarding the clearing of this exception.  A spousal consent is required.  The exception remains.


Seller Comment (2022-01-12): For a [Redact] investment property, the spouse should not need to sign. Please waive or provide where in the guidelines this is required. Thank you!


Reviewer Comment (2022-01-07): The spouse is not required to sign the security instrument and/or warranty deed, however in [Redact], she must sign a Non-Homestead Affidavit which was not provided.  Exception remains.


Seller Comment (2022-01-06): The spouse does not have to sign for an investment property.


Reviewer Comment (2022-01-03): The documents are only in 1 of the married couple's name, no other deeds found.  Reach out to legal counsel for appropriate closing documents.


Seller Comment (2021-12-28): [Redact] Please clarify, why is a spousal consent form needed, all documents are in there name and using individual credit and Income.  Is there a certain form that is needed?  Please advise.
 01/24/2022 1 A TX Investment Purchase C A C A A A No
216571892 437220990 24177762 Credit Credit Miscellaneous Guideline Credit Exception: The 1003 reports the property at [redacted] a mortgage with an unpaid balance of $xxx,xxx,xxlease forward the payment history. Reviewer Comment (2022-01-26): Received Closing Disclosure for the property reflecting it was newly purchased with a closing date of xx/xx/xx making the first payment due in [Redact].  Payment history would not be required or available.  Exception is cleared.


Seller Comment (2022-01-21): CD


Seller Comment (2022-01-21): Note


Seller Comment (2022-01-21): • Note and CD from the purchase of [Redact] Ct confirming the 1st payment was not due until [Redact]
 01/26/2022 1 A NY Investment Purchase C A C A A A No
216573198 437220552 24201330 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-01-18): Client provided copy of signed Business Purpose Certificate.


Seller Comment (2022-01-14): Cert uploaded
 01/18/2022 1 A CA Investment Purchase C A C A A A No
216573226 437220456 24200109 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Loan Discount  Fee was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure.  File does not contain a valid COC for this fee and no cure provided at closing. Reviewer Comment (2022-01-18): [Redact] upon further review received a valid COC dated [Redact] for Loan Discount Points Fee added.


Seller Comment (2022-01-14): COC regarding Discount points provided
 01/18/2022 1 A FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
216573226 437220456 24200110 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Appraisal Fee was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure.  File does not contain a valid COC for this fee and no cure provided at closing. Reviewer Comment (2022-01-18): [Redact] upon further review received a valid COC dated [Redact] for Appraisal Fee increases.


Seller Comment (2022-01-14): LE COC for [Redact]
 01/18/2022 1 A FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
216573226 437220456 24208714 Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. File missing VOM or credit supplement to show proof of [redacted] month history on current primary residence. Reviewer Comment (2022-02-15): Received 12 months of mortgage statements in the non-borrowing spouses name.  Exception cleared


Seller Comment (2022-02-11): VOM/Mortgage Statements for [Redact] mortgage


Reviewer Comment (2022-01-21): The document provided is a history for the HELOC with [Redact].  We need a VOM/payment history for the first mortgage with [Redact].


Seller Comment (2022-01-20): VOM/Mortgage History


Reviewer Comment (2022-01-20): VOM document was not uploaded.  The exception remains.


Seller Comment (2022-01-18): VOM Provided
 02/15/2022 1 A FL Primary Purchase C A C A C A A A Non QM Non QM No
216573241 437220402 24278500 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within [redacted] business days of application or determination of first lien status. Please provide evidence that the borrower received the right to receive a copy of the appraisal disclosure within [redacted] days of the application date. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Investment Refinance - Cash-out - Other B B A A B B A A N/A Exempt from ATR No
216573769 437221137 24202855 Credit Title General Title Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2021-12-30): Client provided Final Title Policy with coverage in the amount of $[Redact].


Seller Comment (2021-12-29): Seller requests buyer review: Grade 2 condition
 12/30/2021 1 A WA Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216573769 437221137 24203272 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Reviewer Comment (2022-01-05): Final title provided. Exception cleared.
 01/05/2022 1 A WA Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216573769 437221137 24203275 Credit Title General Title Final Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2021-12-30): Client provided Final Title Policy with coverage in the amount of $[Redact].


Seller Comment (2021-12-29): Please see attached updated commitment.
 12/30/2021 1 A WA Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216573769 437221137 24203555 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___ Reviewer Comment (2022-01-05): Paystub dated [Redact] verifying pay period [Redact], which meets GL requirement. Exception cleared.


Seller Comment (2022-01-04): Add'l consecutive paystub provided


Reviewer Comment (2022-01-03): 1040s for [Redact] and [Redact] are not required; however, paystubs for a period of 30 days are required.  Only one paystub has been provided for the pay period xx/xx/xx through xx/xx/xx. Provide additional paystub(s) to meet 30 day requirement.


Seller Comment (2021-12-30): Our [Redact] program does not require 1040's for a borrower who is W2'd including commission income.  Please waive
 01/05/2022 1 A WA Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216573769 437221137 24203563 Compliance Compliance Federal Compliance TILA TILA - Impermissible Prepayment Penalty Truth in Lending Act (Dodd-Frank 2014): Covered transaction contains impermissible prepayment penalty. Reviewer Comment (2022-02-01): Client provided Business Purpose Certificate.


Seller Comment (2022-01-31): Please see attached...


Seller Comment (2022-01-28): Please see attached


Reviewer Comment (2022-01-24): Guidelines provided state any loan which has a prepayment penalty must be a business purpose loan however it appears this was not originated as a busn purpose loan and does not contain the exclusions, it was originated as Non-QM.


Seller Comment (2022-01-18): Please see attached.
 02/01/2022 1 A WA Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216573769 437221137 24203582 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Prepayment Penalty Amount TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with a prepayment payment disclosed the maximum prepayment penalty amount that does not match the actual maximum amount for the loan. Validated prepayment payment. Reviewer Comment (2022-01-10): Seller elects to waive this exception.


Seller Comment (2022-01-10): This is a grade 2 condition; Please waive


Reviewer Comment (2022-01-03): The calculated maximum prepayment penalty is
$xxx Final CD disclosed as $xxx exceeds this calculation. Per Note prepayment penalty applies when 20% of original principal balance is paid by borrower at[Redact] of the balance.  Based on loan amount of $[Redact] and 20% of that max balance the remaining max balance would be $[Redact] and[Redact] of that balance = $xxxCorrected CD and LOE to borrower correcting prepayment penalty.


Seller Comment (2021-12-29): Seller requests buyer review: Grade 2 condition
 01/10/2022 2 B WA Investment Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A N/A Exempt from ATR Yes
216573769 437221137 24210401 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - The tax cert for both properties were not found in the file. Reviewer Comment (2022-01-13): Tax certs provided in trailing documents. Exception cleared.


Seller Comment (2022-01-12): Please see attached


Reviewer Comment (2021-12-30): No new documents were uploaded.  Provide tax verification document that shows the property address and breakdown of tax information.


Seller Comment (2021-12-29): Please see attached taxes for [Redact]
 01/13/2022 1 A WA Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216573769 437221137 24584832 Compliance Compliance Federal Compliance ATR/QM Defect Commission Tax Documentation Qualified Mortgage [redacted]: Commission income missing [redacted] consecutive signed tax returns or tax transcripts Loan originated as a xxx loan however evidence ofxxx and reason for cash out not provided, loan is not exempt from testing. Reviewer Comment (2022-02-01): Client provided Business Purpose Certificate.


Seller Comment (2022-01-28): Please see attached
 02/01/2022 1 A WA Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216573769 437221137 24584833 Compliance Compliance Federal Compliance ATR/QM Defect QM Deferment of Principal Qualified Mortgage [redacted]: Terms of the subject loan provide for deferment of principal as an Interest Only loan. Loan originated as a xxx loan however evidence of xxx and reason for cash out not provided, loan is not exempt from testing. Reviewer Comment (2022-02-01): Client provided Business Purpose Certificate.


Seller Comment (2022-01-28): Please see attached
 02/01/2022 1 A WA Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216573769 437221137 24584834 Compliance Compliance Federal Compliance ATR/QM Defect QM Points and Fees 2021 Qualified Mortgage [redacted]: Points and Fees on subject loan of  [redacted] is in excess of the allowable maximum of   [redacted] of the Federal Total Loan Amount. Points and Fees total  [redacted] on a Federal Total Loan Amount of $xxx,xxx,xx vs. an allowable total of $xx,xxx,xx (an overage of  [redacted]. Loan originated as a xxx loan however evidence of xxx and reason for cash out not provided, loan is not exempt from testing. Reviewer Comment (2022-02-01): Client provided Business Purpose Certificate.


Seller Comment (2022-01-28): Please see attached
 02/01/2022 1 A WA Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216573769 437221137 24584835 Compliance Compliance Federal Compliance ATR/QM Defect QM Required Credit Report Not Provided to Evidence Debts Qualified Mortgage  [redacted]: The loan file does not contain a Credit report to evidence the consumers outstanding liabilities. Loan originated as a xxx loan however evidence of xxx and reason for cash out not provided, loan is not exempt from testing. Reviewer Comment (2022-02-01): Client provided Business Purpose Certificate.


Seller Comment (2022-01-28): Please see attached..
 02/01/2022 1 A WA Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216574753 437220520 24200029 Credit Title Document Error Title There is no dollar amount noted on the title policy. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Primary Purchase C B C B B B A A Non QM Non QM No
216574753 437220520 24200438 Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. Rate Lock document not provided. Please provide evidence of Rate Lock Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Primary Purchase C B C B B B A A Non QM Non QM No
216574753 437220520 24200439 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of  [redacted] exceeds tolerance of $ [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2021-12-20): Sufficient Cure Provided At Closing
 12/20/2021 1 A CA Primary Purchase Final CD evidences Cure C B C B B B A A Non QM Non QM Yes
216574753 437220520 24200459 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - File is missing the required verification of the borrower's self-employment.  Guidelines require XXXX month bank statement [redacted] for non-self employed XXXX. The qualifying DTI on the loan is at least xx% less than the guideline maximum.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.

The representative FICO score exceeds the guideline minimum by at least xx points.		 LTV is [redacted] under requirement

Employment in the same position for more than [redacted] years.

Residual exceeds [redacted] minimum

Borrower's credit score exceeds [redacted] minimum by more than [redacted] points		 Owner

Originator,Owner

Owner

Owner

Originator,Owner

Originator,Owner

Owner

Originator,Owner		 Reviewer Comment (2022-03-10): Lender approved exception for 12 months bank statements.


Seller Comment (2022-03-08): Exception approval for verification of only 12 months bank statements.


Reviewer Comment (2022-02-23): This is a guideline requirement for real estate investors, 24 months is required.


Seller Comment (2022-02-16): Please waive this condition as this was related to the rebuttal we discussed on our call with [Redact] on 2/16.
 03/10/2022 2 B CA Primary Purchase C B C B B B A A Non QM Non QM No
216574753 437220520 24209038 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___ CPA letter states to refer to public records. Business entity search is missing. Reviewer Comment (2022-02-16): CPA letter not required for non-self employed real estate investors.
 02/16/2022 1 A CA Primary Purchase C B C B B B A A Non QM Non QM No
216574753 437220520 24296150 Credit Credit Miscellaneous Guideline Credit Exception: Loan file is missing support for the expense ratio of [redacted] used in qualifying the borrower.  UW Income Worksheet indicates it came from a CPA letter; however, there is no CPA letter in file.  Provide support for the expense ratio used as using anything greater may result in an unacceptable DTI. Reviewer Comment (2022-02-15): Business income is exclusively rental inco[Redact] vacancy factor. Exception cleared.


Seller Comment (2022-02-14): UW Memo for income calculation and supporting docs.
 02/15/2022 1 A CA Primary Purchase C B C B B B A A Non QM Non QM No
216574773 437220454 24204309 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Reviewer Comment (2022-02-07): Received CPA letter to verify 2 years employment.  Exception cleared


Seller Comment (2022-02-03): CPA Letter to verify 2 years self employment.
 02/07/2022 1 A OR Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216578711 437220535 24196706 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Tax Certificate not provided Reviewer Comment (2022-01-26): Client provided Tax document as requested.


Seller Comment (2022-01-24): See attached the Tax Search


Seller Comment (2022-01-24): Refi Transaction, property Taxes are disclosed on the Prelim.. Please review and Clear condition.
 01/26/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216578744 437221193 24205267 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Reviewer Comment (2021-12-30): Replacement Cost Estimate provided. Exception cleared.


Seller Comment (2021-12-29): Estimate minimum rebuilding cost is $xxx
 12/30/2021 1 A NV Second Home Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216578744 437221193 24205446 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure:  [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $XXXexceeds tolerance of $XXX  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2021-12-20): Sufficient Cure Provided At Closing
 12/20/2021 1 A NV Second Home Refinance - Cash-out - Other Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
216578744 437221193 24212027 Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves discrepancy. Guidelines require [redacted] PITIA reserves plus [redacted] reserves of each property's PITIA for other real estate owned. Reviewer Comment (2021-12-30): Cash back proceeds used for reserves. Exception cleared.


Seller Comment (2021-12-30): Assets
 12/30/2021 1 A NV Second Home Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216613954 437221172 24205350 Compliance Compliance State Compliance State Defect (State High Cost) New York High-Cost Loan (Points and Fees) xxxx Anti-Predatory Lending Statute: Points and Fees on subject loan of  [redacted] is in excess of the allowable maximum of   [redacted] of the Total Loan Amount. Points and Fees total  [redacted] on a Total Loan Amount of  [redacted] vs. an allowable total of  [redacted] (an overage of $ [redacted]or . [redacted]).  Non-Compliant High Cost Loan. Reviewer Comment (2022-02-09): Received PCCD, LOE, copy of refund check and proof of delivery on [Redact].  Exception cured


Seller Comment (2022-02-09): Please advise status of condition


Seller Comment (2022-02-07): check, PCCD, LOX, ups


Reviewer Comment (2022-02-04): A copy of the check for $[Redact] was not uploaded.  Please provide a copy of the check.


Seller Comment (2022-02-01): Lender cure - Allowable points and fee


Reviewer Comment (2022-01-26): Loan Discount Points:  [Redact]
Processing Fee:  $[Redact]
Title - Processing Fee:  $[Redact]
Title - Settlement/Closing/Escrow Fee:  $[Redact]
Underwriting Fee:  $[Redact]


Seller Comment (2022-01-21): Can you please provide a breakdown of the fees you are using in your testing?


Reviewer Comment (2022-01-11): [Redact] fees on the loan are $[Redact] and the loan amount used for [Redact] testing is $[Redact], this results in a[Redact] fees, or [Redact] overage.


Seller Comment (2022-01-06): Points 4.5 are bonafide
 02/09/2022 2 B NY Primary Refinance - Cash-out - Debt Consolidation C B C A C B A A Non QM Non QM Yes
216613954 437221172 24205351 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure:[redacted] Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of  [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2021-12-20): Sufficient Cure Provided At Closing
 12/20/2021 1 A NY Primary Refinance - Cash-out - Debt Consolidation Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
216613954 437221172 24205354 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted]exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2021-12-20): Sufficient Cure Provided At Closing
 12/20/2021 1 A NY Primary Refinance - Cash-out - Debt Consolidation Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
216613954 437221172 24205356 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Flood Certification (Life Of Loan).  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2021-12-20): Sufficient Cure Provided At Closing
 12/20/2021 1 A NY Primary Refinance - Cash-out - Debt Consolidation Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
216613954 437221172 24205375 Credit Guideline Guideline Issue Guideline Missing required income documentation . - File missing verification is required via a letter from a CPA, EA, licensed tax preparer, or other third-party documentation i.e. a regulatory agency. Reviewer Comment (2022-01-05): EA generate [Redact] P&L and ten months of bank statements receiving consistent automatic deposits from [Redact] [Redact],[Redact] 1099s and transcripts for both verifying the 1099 income per GLs. Exception cleared.
 01/05/2022 1 A NY Primary Refinance - Cash-out - Debt Consolidation C B C A C B A A Non QM Non QM No
216613954 437221172 24205376 Credit Guideline Guideline Issue Guideline Missing required income documentation . - File missing verification is required via a letter from a CPA, EA, licensed tax preparer, or other third-party documentation i.e. a regulatory agency. Reviewer Comment (2022-01-05): EA generated [Redact] P&L and ten months of bank statements receiving consistent automatic form [Redact] [Redact] deposits, [Redact] 1099s and transcripts verifying the 1099 income per GLs. Exception cleared..
 01/05/2022 1 A NY Primary Refinance - Cash-out - Debt Consolidation C B C A C B A A Non QM Non QM No
216613954 437221172 24212213 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule [redacted]: Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Please provide all appraisals and evidence that it was sent to the borrower at least [redacted] prior to closing Reviewer Comment (2022-01-05): Client requested buyer review.


Seller Comment (2021-12-30): Seller requests buyer review: Grade 2
 01/05/2022 2 B NY Primary Refinance - Cash-out - Debt Consolidation C B C A C B A A Non QM Non QM No
216613954 437221172 24212394 Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. File missing credit supplement showing proof of [redacted] payment through transaction date to confirm no [redacted] lates. Reviewer Comment (2022-01-05): Credit report clears [Redact] mortgage through [Redact]. [Redact] statements ending [Redact] and [Redact] verify electronic payments to [Redact] made prior to the 15th of the month. Exception cleared.


Seller Comment (2022-01-04): [Redact] statements, [Redact], include the mortgage payments paid [Redact] on page 493, and xx/xx is on page 502 in the loan file
 01/05/2022 1 A NY Primary Refinance - Cash-out - Debt Consolidation C B C A C B A A Non QM Non QM No
216613954 437221172 24214063 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided File missing updated approval with corrected loan amount of [redacted] and corrected valuation amount.  Approval and final 1008 shows the loan amount of [redacted] Reviewer Comment (2022-01-03): Conditional approval received with updated loan amount of $[Redact]. Exception cleared.


Seller Comment (2021-12-30): Approval


Seller Comment (2021-12-30): collateral
 01/03/2022 1 A NY Primary Refinance - Cash-out - Debt Consolidation C B C A C B A A Non QM Non QM No
216614927 437220937 24206931 Credit Credit Credit Documentation Guideline Credit Report Error: Credit report is missing FICO scores. - Credit Report captured for xxx does not provide credit scores for all xx credit bureaus . Credit report ordered xx/x/xxxx and xx/xx/xxxx. The qualifying DTI on the loan is at least xx% less than the guideline maximum.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.		 Reserves: [redacted]
Guideline Requirement: [redacted]

Documentation Type: [redacted]
Disposable Income: [redacted]

Borrower's Own Funds Percent: [redacted]
Borrower's Own Funds Amount: $xxx,xxx,xx		 Owner

Originator,Owner

Owner

Originator,Owner

Owner

Owner,Originator		 Reviewer Comment (2022-01-25): Client has approved no credit scores.


Seller Comment (2022-01-20): • Approved exception for the borrower having no FICO scores
 01/25/2022 2 B MN Primary Purchase C B C B A A A A Non QM Non QM No
216614927 437220937 24207130 Credit Credit Credit Calculation / Analysis Credit Missing Document: Alternative credit requirements are not satisfied. - Credit Report captured for xxx does not provide credit scores. Credit report ordered xx/x/xxxx and xx/xx/xxxx. The qualifying DTI on the loan is at least xx% less than the guideline maximum.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.		 Reserves: [redacted]
Guideline Requirement: [redacted]

Documentation Type: [redacted]
Disposable Income: [redacted]

Borrower's Own Funds Percent: [redacted]
Borrower's Own Funds Amount: $xxx,xxx,xx		 Owner

Originator,Owner

Owner

Originator,Owner

Owner

Owner,Originator		 Reviewer Comment (2022-01-25): Client has approved no credit scores.


Seller Comment (2022-01-20): see uploaded approved exception for other condition
 01/25/2022 2 B MN Primary Purchase C B C B A A A A Non QM Non QM No
216614928 437220942 24206172 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely ECOA Valuations Rule [redacted]: Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within xx [redacted]of application or determination of first lien status. Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within xx [redacted]of application or determination of first lien status. Reviewer Comment (2022-01-03): Client provided appraisal delivery document.


Seller Comment (2021-12-30): Appraisal Receipt form
 01/03/2022 1 A CA Investment Refinance - Rate/Term B A A A B A A A N/A Exempt from ATR No
216614928 437220942 24206173 Compliance Compliance State Compliance State Defect XXX Prepayment Penalty XXX Prepayment Penalty: Maximum prepay  allowed is [redacted]interest calculated on[redacted] of the original balance ($XXX,xx).  Loan contracts for maximum calculated prepay of $XXX,xx, which exceeds max allowable. Prepay may be impermissible depending on the lender's license type.  Prepay language states prepay will not exceed maximum permitted by applicable law. Maximum prepay allowed is [redacted] interest calculated on [redacted] of the original balance (XXX.xx). Loan contracts for maximum calculated prepay of $XXX,xx, which exceeds max allowable. Prepay may be impermissible depending on the lender's license type. Prepay language states prepay will not exceed maximum permitted by applicable law. Reviewer Comment (2021-12-28): Applicable to owner occupied consumer purpose loans
 12/28/2021 1 A CA Investment Refinance - Rate/Term B A A A B A A A N/A Exempt from ATR No
216620632 437220461 24206716 Compliance Compliance State Compliance State Late Charge xxxx Late Charge Percent and Amount Testing [redacted] Late Charge: Note late charge amount of [redacted] exceeds the state maximum of [redacted]. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B AL Primary Purchase C B C A C B A A Non QM Non QM Yes
216620632 437220461 24206717 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Transfer Tax Fee was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-02-15): [Redact] received Corrected PCCD, Letter of Explanation and Copy of Refund Check.


Seller Comment (2022-02-14): Copy of check


Reviewer Comment (2022-02-03): [Redact]  received PCCD and LOE .Upon further review need refund check to cure the exception.


Seller Comment (2022-02-02): Please see PCCD and COC


Seller Comment (2022-02-02): Please advise we are reviewing the CD condition


Seller Comment (2022-02-02): REO Docs
 02/15/2022 2 B AL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216620632 437220461 24213083 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - File missing tax verification. Reviewer Comment (2022-02-04): Received tax cert.  Exception cleared


Seller Comment (2022-02-03): REO Property Tax Bill.


Seller Comment (2022-02-02): REO Docs uploaded -
 02/04/2022 1 A AL Primary Purchase C B C A C B A A Non QM Non QM No
216620632 437220461 24213262 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule [redacted]: Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Please provide all appraisals and evidence that it was sent to the borrower at least [redacted]prior to closing Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B AL Primary Purchase C B C A C B A A Non QM Non QM No
216624700 437220453 24218656 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Binder reflects extended coverage but does not disclose how much. Reviewer Comment (2022-02-23): Replacement Cost Estimated provided. Exception cleared.


Seller Comment (2022-02-17): Cost Esti


Seller Comment (2022-02-17): Lender Loss Payable Endorsement breakdown


Reviewer Comment (2022-02-16): Please provide one of the following for review and acceptance;
A.) A complete form 438BFU acknowledged/signed and dated by the insurance company or one of it agents.
B.) A copy of Endorsement FN1204 defining the additional amount of insurance for A coverage or otherwise defined by line iterm to the declarations page as additional A coverage and amount.
This issue remains open.
Note: Additional coverage needs to be identified by a dollar amount or the 438BFU completed and acknowledged by the agent needs to be in file and provided for review and acceptability.


Seller Comment (2022-02-15): the 438BFU is a standard endorsement for the Lender Loss Payable covering the cost to rebuild.


Reviewer Comment (2022-02-04): Lender guidelines do not specify that 438BFU endorsement is acceptable.  Provide documentation of the amount of extended coverage.  The dec page only lists 'Spec Addl Amt of Ins Cov A' but no percentage or dollar amount of extended coverage is disclosed.


Seller Comment (2022-02-02): Please waive conditions - There is a Amendment Provision with the Hazard Insurance dec page with the endorsement 438BFU "Lenders Loss Payable" that reflects at the bottom of the page.
 02/23/2022 1 A CA Second Home Purchase C B C A B B A A Non QM Non QM No
216624700 437220453 24219182 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant xx [redacted]business days prior to consummation. Evidence of delivery not provided. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Second Home Purchase C B C A B B A A Non QM Non QM No
216624701 437220473 24221321 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule[redacted]: Creditor did not provide List of Homeownership Counseling Organizations to borrower. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Primary Refinance - Cash-out - Other B B A A B B A A Non QM Non QM No
216624702 437220433 24212974 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant xx [redacted] business days prior to consummation. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B NY Primary Refinance - Rate/Term C B A A C B A A Non QM Non QM No
216624702 437220433 24212975 Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B NY Primary Refinance - Rate/Term C B A A C B A A Non QM Non QM No
216624702 437220433 24212984 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted] or [redacted].  Insufficient or no cure was provided to the borrower. No valid change of circumstance or cure for borrower provided. Reviewer Comment (2022-02-23): [Redact] received PCCD moving fees to section C.  Exception is cured


Seller Comment (2022-02-18): This is an Atty state this is what issued as a Settlement Statement for the Atty.


Seller Comment (2022-02-18): the issue date reflects [Redact].


Reviewer Comment (2022-02-17): [Redact] required True and certified Final SS from title company in order to close the file since the provided Post CD is more than 60 days from closing.


Seller Comment (2022-02-17): This is a [Redact] Property - CD provided is from Attorney and stamped Certified True Copy. Please clear condition.


Reviewer Comment (2022-02-17): [Redact] upon further review received PCCD again however we require true and certified copy of settlement statement/Alta. Please provide Final SS.


Seller Comment (2022-02-16): Settlement Statement


Reviewer Comment (2022-02-10): [Redact] Received PCCD dated [Redact] along with LOE however provided PCCD dated [Redact] is after 60 days of Closing Date therefore we require True and Certified copy of Final Settlement Statement to clear the Exception.


Seller Comment (2022-02-09): Please see attached the PCCD and borrower letter


Reviewer Comment (2022-02-02): [Redact] upon further review Title-Courier/Messenger Fee $[Redact] and Title-Settlement/Closing/Escrow Fee $1,050.00 had been disclosed in Sec B of Final CD dated [Redact] and  not shopped from SSPL. So kindly provide corrected PCCD with moving these fees in section C with LOE.


Seller Comment (2022-02-02): Please provide a breakdown to your findings above.. I'm not seen the total amount of $2[Redact]..
 02/23/2022 2 B NY Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216624704 437220452 24199006 Credit Loan Package Documentation Loan File Missing Document  Missing Document: Hazard Insurance Policy not provided Reviewer Comment (2022-01-18): Client provided Insurance Declaration Page.


Seller Comment (2022-01-14): hazard Insure dec page 2
 01/18/2022 1 A CA Investment Purchase C A C A A A No
216624704 437220452 24203630 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Non-Owner Occupancy Declaration not provided Reviewer Comment (2022-01-18): Client provided copy of signed Occupancy Certification showing property is an investment property.


Seller Comment (2022-01-14): Occupancy Cert
 01/18/2022 1 A CA Investment Purchase C A C A A A No
216624704 437220452 24203691 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-01-18): Client provided copy of signed Business Purpose Certificate.


Seller Comment (2022-01-14): Business Cert


Seller Comment (2022-01-14): Purchase Transaction for not required
 01/18/2022 1 A CA Investment Purchase C A C A A A No
216624717 437220546 24204214 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-01-13): Client provided Fraud Report.


Seller Comment (2022-01-12): Fraud Report
 01/13/2022 1 A CA Investment Purchase C A C A A A No
216627970 437220404 24202998 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Please provide the missing REO documents Reviewer Comment (2022-02-09): Documentation received.  Exception cleared. [Redact].


Seller Comment (2022-02-04): $[Redact] is the $ amount of homeowners insurance on both REO properties.  The insurance is in fact escrowed with the mortgage payments on both.  Adding this figure on the REO sections of each property was an error on behalf of the underwriter.  Copies of Pg 1 of both appraisals provided to verify there are no HOA fees on either property and revised final 1003 removing the $[Redact] from each REO property.


Reviewer Comment (2022-02-04): The Final 1003 shows $[Redact]/month for HOA's for both [Redact] and [Redact].  Please provide verification of the HOA dues.  Exception remains.  [Redact].


Seller Comment (2022-02-02): REO Docs
 02/09/2022 1 A CA Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216627970 437220404 24203729 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Prepayment Penalty Amount TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with a prepayment payment disclosed the maximum prepayment penalty amount that does not match the actual maximum amount for the loan. Final Closing Disclosure provided on[redacted] with a prepayment payment disclosed the maximum prepayment penalty amount that does not match the actual maximum amount for the loan Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Investment Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A N/A Exempt from ATR Yes
216627970 437220404 24208489 Compliance Compliance Federal Compliance TILA TILA - Impermissible Prepayment Penalty Truth in Lending Act [redacted]: Covered transaction contains impermissible prepayment penalty. Covered transaction contains impermissible prepayment penalty. Reviewer Comment (2022-03-16): Business Purpose Certification received.


Seller Comment (2022-03-14): Business Purpose Cert


Reviewer Comment (2022-02-04): Covered transaction contains impermissible prepayment penalty.


Seller Comment (2022-02-03): The transaction is the refinance of a rental property already owned by the borrower.  This is a business purpose loan.  Please re-review and if you are unable to clear with this information please let us know what will be acceptable.


Seller Comment (2022-02-02): Please advise, The ATR/QM worksheet provided with the bundle upload states the loan is a QM Loan instead of a business purpose loan.
 03/16/2022 1 A CA Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216627970 437220404 24211222 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule [redacted]: Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Please provide all appraisals and evidence that it was sent to the borrower at least [redacted] prior to closing Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216627972 437220474 24208848 Compliance Compliance Federal Compliance FACTA FACTA Disclosure Missing FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. 01/13/2022 2 B CA Primary Refinance - Cash-out - Debt Consolidation C B C B B B A A Non QM Non QM No
216627972 437220474 24208849 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule [redacted]: Creditor did not provide List of Homeownership Counseling Organizations to borrower. 01/13/2022 2 B CA Primary Refinance - Cash-out - Debt Consolidation C B C B B B A A Non QM Non QM No
216627972 437220474 24208852 Credit Title Document Error Title There is no dollar amount noted on the title policy. 01/13/2022 2 B CA Primary Refinance - Cash-out - Debt Consolidation C B C B B B A A Non QM Non QM No
216627972 437220474 24208875 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Reviewer Comment (2022-02-04): Received 3 months bank statements verifiying receipt of SS income.  Exception cleared


Seller Comment (2022-02-04): Missing bank statements


Seller Comment (2022-02-02): Please provide Clarify what Missing documentation is being needing to be provided..
 02/04/2022 1 A CA Primary Refinance - Cash-out - Debt Consolidation C B C B B B A A Non QM Non QM No
216629920 437220273 24176331 Credit Credit Miscellaneous Guideline Credit Exception: Lender exception-Allow housing history documented with a VOR from a private landlord, [redacted] of cash rent receipts signed by the landlord and copy of lease vs program requirements that a verification of rent from a intuitional third party must be obtained and supported with cancel checks or monthly bank statements and/or a transactional payment history directly from the servicer or their website for the[redacted] The representative FICO score exceeds the guideline minimum by at least xx points.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

The qualifying XXX on the loan is greater than the guideline minimum.		 The XXX of [redacted] is greater than the minimum required XXX of [redacted]. Owner

Owner

Originator		 Reviewer Comment (2021-08-19): Lender granted exception approval in file.
 08/19/2021 2 B NY Investment Purchase C B C B A A No
216629920 437220273 24176333 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2021-08-27): Document received on xxx/xx/xxception clear.


Buyer Comment (2021-08-26): Business purpose cert
 08/27/2021 1 A NY Investment Purchase C B C B A A No
216629920 437220273 24176334 Credit Missing Document General Missing Document Missing Document: Source of Funds/Deposit not provided Source of funds for earnest money deposit. Reviewer Comment (2021-08-23): Received EMD from gift letter , exception cleared.


Buyer Comment (2021-08-20): EMD
 08/23/2021 1 A NY Investment Purchase C B C B A A No
216629920 437220273 24176336 Credit Guideline Guideline Issue Guideline Verification of housing pay history is required. Reviewer Comment (2021-08-30): housing history on Credit report.


Buyer Comment (2021-08-24): Requesting clarification for what is needed to clear exception
 08/30/2021 1 A NY Investment Purchase C B C B A A No
216629976 437221106 24214056 Compliance Compliance State Compliance State Defect xxxx Prepayment Penalty [redacted] Prepayment Penalty: Maximum prepay  allowed is[redacted] interest calculated on [redacted] of the original balance ($xx,xxx,xx).  Loan contracts for maximum calculated prepay of $xx,xxx,xx, which exceeds max allowable. Prepay may be impermissible depending on the lender's license type.  Prepay language states prepay will not exceed maximum permitted by applicable law. Reviewer Comment (2021-12-29): Applies to owner occupied consumer purpose loans
 12/29/2021 1 A CA Investment Purchase C B C B B A A A N/A Exempt from ATR No
216629976 437221106 24219033 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Lender used xxx; however, file has full business and personal tax returns with k-1.  Calculated income from tax returns is less than [redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has been employed in the same industry for more than x years.		 Owner

Owner		 Reviewer Comment (2022-01-24): Approved exception in file.


Seller Comment (2022-01-18): [Redact]'s approval for DTI


Reviewer Comment (2022-01-14): The form provided is the request for exception.  Provide documentation showing that the exception was approved. Document should include approver's name/signature and compensating factors for approval of the exception.


Seller Comment (2022-01-13): Lender Exception Request Form


Reviewer Comment (2022-01-12): We are in receipt of the email approval document; however, the exception form was not included.  Provide Lender Exception Request Form that includes compensating factors.


Seller Comment (2022-01-10): Exception for DTI has been approved
 01/24/2022 2 B CA Investment Purchase C B C B B A A A N/A Exempt from ATR No
216632034 437220577 24201120 Credit System General Appraisal Reconciliation Valuation address does not match Note address. - Both the appraisal and the CDA have xx and the Note shows xxx. The CDA also shows a Zip Code of xxxxx and the Zip on the Note is xxxxx. Provide corrected appraisal and CDA to match Note address. Reviewer Comment (2022-01-26): Client provided revised CDA with the correct zip code that matches the zip code on the Note.


Seller Comment (2022-01-24): Amended CDA with correct zip code


Reviewer Comment (2022-01-18): The address on the CDA still has an incorrect zip code of [Redact].  The zip code should be 91381.


Seller Comment (2022-01-14): Address is legal versus mailing either is acceptable please clear exception
 01/26/2022 1 A CA Investment Purchase C A C A A A No
216632034 437220577 24201377 Credit System General System Flood Certificate Subject Address does not match Note address. Flood Cert has xxx and the Note showsxxx. Provide corrected Flood Cert to match Note address. Reviewer Comment (2022-01-18): Client provided Letter of Explanation and Zip Code Look Up.  Address using [Redact] is acceptable.


Seller Comment (2022-01-14): Address is legal versus mailing either is acceptable please clear exception
 01/18/2022 1 A CA Investment Purchase C A C A A A No
216632034 437220577 24201381 Credit Insurance Insurance Analysis Insurance Insurance address does not match Note address. Hazard Insurance has xxx and the Note shows xxx. Provide corrected Hazard Insurance to match Note address. Reviewer Comment (2022-01-18): Client provided Letter of Explanation and Zip Code Look Up.  Address using [Redact] is acceptable.


Seller Comment (2022-01-14): Address is legal versus mailing either is acceptable please clear exception
 01/18/2022 1 A CA Investment Purchase C A C A A A No
216632039 437221626 24210463 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Reviewer Comment (2022-01-21): Client provided Post Disaster Inspection Report and photos dated xx/xx/xx.  Property did not suffer damage from remnants of [Redact].


Seller Comment (2022-01-18): Disaster inspection
 01/21/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216632041 437221366 24211191 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Reviewer Comment (2022-01-12): Client provided email from insurance agent stating policy provides replacement cost coverage.


Seller Comment (2022-01-11): This loan was closed simultaneously with the 2 other loans [Redact] and [Redact])
It's covered under the same umbrella policy as those other 2 loans which does have sufficient coverage (file has email from agent confirming 100% replacement cost coverage
 01/12/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
216632041 437221366 24211224 Credit Credit Credit Eligibility Guideline Public Record Issue: - The Collection of [redacted] exceeds the Guidelines allowance. Reviewer Comment (2022-03-07): Client provided documentation showing satisfaction of judgment in the amount of [Redact].


Seller Comment (2022-03-03): Attached is the litigation docs for the collection account from [Redact], as well as article linking the collection agency to [Redact]


Reviewer Comment (2022-02-10): The LOE from the borrower was received and reviewed. Please forward documentation the ([Redact]) Collection was paid, deemed not the borrower's debt, or correspondence it was removed by Credit Plus as the LOE reports.


Seller Comment (2022-02-07): attached is the LOE regarding the credit line that is disputed and was removed on the credit rescore
 03/07/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
216632041 437221366 24218017 Credit Credit Miscellaneous Guideline Credit Exception: The loan file contains[redacted]Prepayment Addendums. Please clarify which Addendum to review. Reviewer Comment (2022-01-11): Client confirmed the correct prepayment penalty is 6 months interest.


Seller Comment (2022-01-07): Prepayment Addendum to Note


Reviewer Comment (2022-01-06): The document provided was the Prepayment Rider to the Mortgage.  Please also confirm which is the correct Prepayment Addendum to Note.


Seller Comment (2022-01-05): correct PPP
 01/11/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
216632041 437221366 24218129 Credit Credit Miscellaneous Guideline Credit Exception: The mortgage payment history was insufficient. Please forward a [redacted]or greater mortgage history. Reviewer Comment (2022-03-09): Cleared.  Credit supplement and loe rent free prior to mortgage.


Seller Comment (2022-03-07): See attached letter signed by the [Redact]'s business partner whom held the mortgage on the borrower's primary residence.
This should cover the 12 month history


Reviewer Comment (2022-02-23): No new documents have been provided.  The yellow highlighted item is for an old mortgage loan to [Redact] Bank NA that was paid off [Redact].  Provide a minimum 12 month payment history for the borrower's primary residence.  The 1003 shows borrower has owned this property for 1.1 years so a 12 month history should be available.


Seller Comment (2022-02-17): payment history


Reviewer Comment (2022-02-10): The exception is for mortgage history on the primary residence, not the [Redact] loan. Final 1003 indicates borrower has been at primary residence for 1 year and 1 month, however mortgage history provided on credit report/supplement is only for 6 months. Exception remains.


Reviewer Comment (2022-02-09): The exception is for mortgage history on the primary residence, not the [Redact] loan. Final 1003 indicates borrower has been at primary residence for 1 year and 1 month, however mortgage history provided on credit report/supplement is only for 6 months. Exception remains.


Reviewer Comment (2022-02-09): Loan being paid off actually covers three properties. The payoff amounts on Page 3 of final CD account for [Redact] of the payoff amount. Mortgage history provided for the loan being paid off. Exception cleared.


Seller Comment (2022-02-07): Attached is the credit supplement. There is a portion at the top which has info for the [Redact] mortgage, it indicates there are no late payments and is now paid off.


Reviewer Comment (2022-01-26): The only mortgage history provided is on the credit supplement which is the [Redact] loan opened [Redact] with balance of [Redact]. The loan being paid off is [Redact] in the amount of $[Redact], with no history provided. The 1003 indicates that the [Redact] loan on the credit report is for the primary residence, however, 1003 indicates that borrowers have held property for over a year, so the prior history before the credit report entry is missing. Please address these issues.


Seller Comment (2022-01-24): I have attached the Credit Supplement that confirms the [Redact] mortgage was paid with no lates for last 12 months.
The 2nd [Redact] mortgage was a primary residence refinance that closed and funded in [Redact] [Redact] so is hasn't been active for more than 12 months yet.


Reviewer Comment (2022-01-11): The Credit Supplement only shows a housing history of three months.  A 12 month housing history is required.  The Final 1003 shows the borrower has owned the primary residence for one year and one month.  The only prior mortgage shown on the credit report was last reported by [Redact] Bank, NA on [Redact].  Provide full 12 months' housing history per guidelines.


Seller Comment (2022-01-11): Credit Supplement
 03/09/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
216633587 437220468 24201179 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Non-Owner Occupancy Declaration not provided Reviewer Comment (2022-01-26): Client provided copy of signed Occupancy Certification stating property is an investment property.


Seller Comment (2022-01-24): Occupancy Cert
 01/26/2022 1 A FL Investment Purchase C A C A A A No
216633616 437221496 24209244 Credit Investment Product General Investment Product REO property does not have a lease in place and required by guidelines. - Loan is a refinance. Reviewer Comment (2022-01-04): Client provided Account Summary for short term rental managed by[Redact].


Seller Comment (2022-01-03): This is a short term rental property
 01/04/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
216633616 437221496 24211203 Credit Credit Miscellaneous Guideline Credit Exception: The file contains [redacted]Prepayment Addendums. Please clarify as to which Addendum to review. Reviewer Comment (2022-03-25): Document provided [Redact]. Exception cleared [Redact].


Seller Comment (2022-03-24): Attestation Letter


Reviewer Comment (2022-03-18): Terms not provided; please provide screenshot or attestation that PPP is[Redact] or 6 months interest.


Seller Comment (2022-03-16): email and screenshot confirming terms of prepayment


Reviewer Comment (2022-03-15): Still missing documentation that confirms the correct prepayment terms such as the rate lock, approval or screen shot that sets forth the terms of the prepayment.  In the absence of one of these documents, a written attestation providing the correct terms is acceptable. Exception remains


Seller Comment (2022-03-11): corrected docs


Reviewer Comment (2022-02-17): Still missing documentation that confirms the correct prepayment terms such as the rate lock, approval or screen shot that sets forth the terms of the prepayment.  In the absence of one of these documents, a written attestation providing the correct terms is acceptable. Exception remains


Seller Comment (2022-02-15): The lock is attached.  It was locked with a 3 year PPP. There is no reference to this on their lock confirmation.  If it was locked with 0 - 2 years their would be a LLPA on it showing the PPP.


Reviewer Comment (2022-02-07): exception not cleared


Reviewer Comment (2022-02-07): The lock provided does not indicate what the prepayment penalty is on the this loan.


Seller Comment (2022-02-03): Lock Confirmation


Reviewer Comment (2022-01-31): Provide documentation that confirms the correct prepayment terms such as the rate lock, approval or screen shot that sets forth the terms of the prepayment.  In the absence of one of these documents, a written attestation providing the correct terms is acceptable.


Seller Comment (2022-01-27): Correct Note and Prepayment Rider
 03/25/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
216633616 437221496 24211323 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided Please provide a 1008 or Approval with loan terms. Reviewer Comment (2022-01-24): Client provided loan approval and 1008.


Seller Comment (2022-01-18): 1008 and loan approval
 01/24/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
216633618 437221508 24203053 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Spousal Consent Form not provided Reviewer Comment (2022-03-16): Rec'd Interspousal Transfer Deed in trailing docs; exception cleared.


Seller Comment (2022-03-15): interspousal transfer deed
 03/16/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216633627 437220477 24216092 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2021-12-30): Client provided copy of Initial 1003 for each borrower.


Seller Comment (2021-12-30): Initial executed 1003
 12/30/2021 1 A CA Primary Refinance - Rate/Term B A A A B A A A Non QM Non QM No
216633627 437220477 24218786 Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $XXXexceeds tolerance of $XXXplus[redacted]or $XXX  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2021-12-21): Sufficient Cure Provided At Closing
 12/21/2021 1 A CA Primary Refinance - Rate/Term Final CD evidences Cure B A A A B A A A Non QM Non QM Yes
216633627 437220477 24218787 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXX,xx exceeds tolerance of $XXX,xx  Sufficient or excess cure was provided to the borrower at Closing. Appraisal Fee was last disclosed as $XXX,xx on LE but disclosed as $XXX,xx on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $XXX,xx, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2021-12-21): Sufficient Cure Provided At Closing
 12/21/2021 1 A CA Primary Refinance - Rate/Term Final CD evidences Cure B A A A B A A A Non QM Non QM Yes
216637470 437220974 24212440 Credit Insurance Insurance Analysis Insurance Insurance address does not match Note address. Note address is: xxx and Insurance address is: xxx.  Provide updated hazard matching Note address. Reviewer Comment (2022-01-25): Mortgage legal description states city is also known as [Redact]. Exception cleared.


Seller Comment (2022-01-20): • Copy of Mortgage executed at closing which confirms on pg 3 that the property city has an AKA of [Redact]
 01/25/2022 1 A NY Investment Purchase C A C A A A No
216637475 437220587 24218198 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-01-20): Client provided Fraud Report.


Seller Comment (2022-01-18): Fraud Report
 01/20/2022 1 A GA Primary Refinance - Rate/Term D B C A C B D A Non QM Non QM No
216637475 437220587 24218231 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $xxx,xx exceeds tolerance of $xxx,xx.  Insufficient or no cure was provided to the borrower. Appraisal fee increased from original disclosed amount on LE. No cure provided. Reviewer Comment (2022-01-24): [Redact] has received corrected PCCD, copy of refund check, proof of mailing and LOE to borrower.


Seller Comment (2022-01-21): PCCD and check LOX shipping


Reviewer Comment (2022-01-19): [Redact] upon further review received PCCD dated [Redact] with Cure of $[Redact] in sec J. However, there is no LOE, Mailing Label and copy of refund Check is provided. So kindly provide a LOE, Mailing Label and copy of refund Check in order to Cure this exception.


Seller Comment (2022-01-18): LE, CD
 01/24/2022 2 B GA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B C A C B D A Non QM Non QM Yes
216637475 437220587 24218232 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [redacted]exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Transfer Tax fee increased from original disclosed amount on LE. No cure provided. Reviewer Comment (2022-01-24): [Redact] has received corrected PCCD, copy of refund check, proof of mailing and LOE to borrower.


Seller Comment (2022-01-21): PCCD and check LOX shipping


Reviewer Comment (2022-01-19): [Redact] upon further review received PCCD dated [Redact] with Cure of $[Redact] in sec J. However, there is no LOE, Mailing Label and copy of refund Check is provided. So kindly provide a LOE, Mailing Label and copy of refund Check in order to Cure this exception.


Seller Comment (2022-01-18): LE, CD
 01/24/2022 2 B GA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B C A C B D A Non QM Non QM Yes
216637475 437220587 24218331 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 Reviewer Comment (2022-01-03): Client provided CDA from Clear Capital.


Seller Comment (2022-01-03): Desk top Review
 01/03/2022 1 A GA Primary Refinance - Rate/Term D B C A C B D A Non QM Non QM No
216637476 437220364 24217817 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over [redacted][redacted] on Final Closing Disclosure provided on xx/xx/xx21 not accurate. The non- Escrowed amount disclosed to the borrower on the final Closing Disclosure is $xxxxx.xx the correct amount is $xxxxx.xx (Taxes=$xxxxx.xx HOI=$xxxx.xx HOA=$xxxxx). Per appraisal, HOA dues are $xxxx per month. Reviewer Comment (2022-01-20): [Redact] received PCCD and LOE; exception is cured.


Seller Comment (2022-01-14): HO6 $[Redact] not $[Redact]


Seller Comment (2022-01-14): Property Management Email commenting HOA Monthly.


Seller Comment (2022-01-14): Your finding are  incorrect  - Please see Email from the property Management HOA is $[Redact] per month yearly $xxx -  HOI $[Redact] yearly -  Taxes $[Redact]x[Redact] = $xxx  monthly [Redact].  cost year 1 $xxxx. The Please waive the conditions.
 01/20/2022 2 B CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
216637476 437220364 24217818 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within [redacted] of application. The broker's application date is [redacted] the Loan Estimate wasn't provided to the borrower with in [redacted] Reviewer Comment (2022-01-25): LOE provided in trailing documents shows application on xx/xx/xxxx was incomplete and rejected. The complete application was accepted on xx/xx/xxxx. Exception cleared.


Seller Comment (2022-01-21): 1003 dated xx/xx/xx.  LOE for application date.
 01/25/2022 1 A CA Primary Purchase C B A A C B A A Non QM Non QM No
216637476 437220364 24217819 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Home Warranty.  Fee Amount of $xx,xx exceeds tolerance of $x,xx.  Insufficient or no cure was provided to the borrower. The Home Warranty Fee of $xx,xx wasn't disclosed to the borrower without a lender credit for a cost to cure Reviewer Comment (2022-01-20): [Redact] received PCCD, LOE,  and proof of mailing; exception is cured.


Seller Comment (2022-01-20): I'm also provided you with a screenshot of our system Encompass.. It's a glitch in our system if the fee's does not have the ** it will move to section C..


Seller Comment (2022-01-20): Please see Final Settlement Statement


Reviewer Comment (2022-01-20): [Redact] received Corrected PCCD & LOE on which the fee moved from sec C to H. However, we need Final SS since the provided PCCD is more than 60 days from Closing. Kindly provide the Final SS.


Seller Comment (2022-01-19): Please find attached the PCCD moving the warranty fee of $xx to sec H and borrower Letter. Please clear condition.


Reviewer Comment (2022-01-19): [Redact] upon further review, please provide a corrected PCCD on which the fee moved from C to H section. Exception remains.


Seller Comment (2022-01-18): The Home Warranty fee located in section C can be  moved to section H but not needed and not a valid cure.. Thank You!
 01/20/2022 2 B CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216637476 437220364 24217905 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application RESPA Disclosure Rule [redacted]: List of Homeownership Counseling Organizations not provided to applicant within [redacted]of application. The List of Homeownership Counseling Organizations was sent to the borrower [redacted] not with in [redacted]the application date of [redacted] Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Primary Purchase C B A A C B A A Non QM Non QM No
216637477 437220537 24218302 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule[redacted]: Creditor did not provide List of Homeownership Counseling Organizations to borrower. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Primary Purchase B B A A B B A A Non QM Non QM No
216637477 437220537 24219802 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] prior to consummation. There is no evidence in file of the Appraisal being delivered to the borrower or waiver. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Primary Purchase B B A A B B A A Non QM Non QM No
216637481 437220583 24217842 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. The loan file does not contain an Initial Closing Disclosure or Changed Circumstance documentation.  The only borrower fee disclosures currently found are a Loan Estimate issued xx/xx/xx and the Final CD issued xx/xx/xx.  All additional Loan Estimates, Closing Disclosures, and Changed Circumstance documentation is required. Reviewer Comment (2022-01-04): [Redact] received [Redact] CD received the same day issued.


Seller Comment (2022-01-03): Initial CD
 01/04/2022 1 A CA Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
216637481 437220583 24217844 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $xxx,xx exceeds tolerance of $xxx,xx plus [redacted]or $xxx,xx.  Insufficient or no cure was provided to the borrower. The loan file does not contain an Initial Closing Disclosure or Changed Circumstance documentation.  The only borrower fee disclosures currently found are a Loan Estimate issued xx/xx/xx and the Final CD issued xx/xx/xx.  All additional Loan Estimates, Closing Disclosures, and Changed Circumstance documentation is required. Reviewer Comment (2022-01-31): [Redact] received letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected PCCD


Seller Comment (2022-01-29): Cure LOE COC PCCD


Reviewer Comment (2022-01-27): [Redact] upon further review in provided COC dated [Redact] stating as "Other rate changed updated pricing to current market title and recording fee applied additional title service required borrower choosen aettlement agent" which is not consider as valid reason for Recording Fee increases to $xxx on CD [Redact]. So kindly provide a valid COC with additional information why the fee increases to $xxx on CD [Redact] or provide Cure.


Seller Comment (2022-01-26): Can you advise why the COC dated [Redact] is not valid for the recording fee to increase from $[Redact] to $[Redact]?
If you take this COC into consideration the TRID violation would be the difference from the recording fee increasing from $[Redact] to $[Redact] which is the $xxhe 10% Tolerance would be for the recording fee increasing from $[Redact](+ $xx = $xxx) this amount minus the recording increase to $[Redact] has a difference $xx.   
The $26 cure on the PCCD [Redact] more than covers the $xx cure needed.


Seller Comment (2022-01-24): Please provide your calculations for the [Redact].  My calculations match those of our client please advise.


Reviewer Comment (2022-01-24): [Redact] received cure documents for $[Redact] which is not sufficient cure provided to cover the under-disclosure of recording fee. Total cure required is $xx. Please provide revised PCCD, copy of check, LOE and mailing proof for remaining $xx


Seller Comment (2022-01-21): PCCD LOX CK and shipping label


Reviewer Comment (2022-01-14): Recording Fee increased from $[Redact] to $[Redact] on [Redact] CD and then further increased to $179 on [Redact] PC-CD.  COC forms in file for [Redact] CD and [Redact] PC-CD do not indicate valid reasons for the Recording Fees to increase.  Either provide valid reasons for both fee increases and fee will be re-evaluated OR provide LOE, PC-CD with cure, copy of refund check and proof of delivery to cure this exception.


Reviewer Comment (2022-01-14): Exception Detail Updated from: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $xxx exceeds tolerance of $xxx plus 10% or $xxx.  Insufficient or no cure was provided to the borrower. (0)


Seller Comment (2022-01-14): COC for recording fee Please review COC and CD [Redact] &[Redact]


Seller Comment (2022-01-13): COC and PCCD


Reviewer Comment (2022-01-13): [Redact] Disagree. As per Guidelines Recording Fee section E always comes Under 10% Tolerance. Please provide valid COC with additional information which can explain why Recording Fee increased on CD dated [Redact] or Cure required. Also, we require additional cure of $xx as Recording Fee increased on PCCD dated x[Redact] to $xxx from $xxx.


Seller Comment (2022-01-12): The recording fee is a fee that the borrower shopped for so the 10% tolerance does not apply ... Please clear exeption


Reviewer Comment (2022-01-12): [Redact] received PCCD dated [Redact] however Recording Fee was increased on the CD dated [Redact] to $[Redact] and  on CD dated [Redact] to $xxxlease provide us with valid COC which is within 3 business days from the Recording Fee increased on the CD dated [Redact] and [Redact] or cure required. Cure document consist of PCCD/ LOx/ Copy of Check Refund and Mailing Proof.


Seller Comment (2022-01-11): PCCD moving fees to Bucket C.  Please update accordingly.


Seller Comment (2022-01-11): These fees have been moved to bucket C.  The borrower shopped for.


Reviewer Comment (2022-01-11): [Redact] received CD & COC dated xx/xx/xxxx; however, On Initial LE Recording fee $[Redact] & Initial CD $xxxitle - Electronic Document Delivery Fee added on Initial CD xx/xx/xxxx $xxxotal of 10% Tolerance is $xxx. Please provide valid COC with additional information or please provide cure.


Seller Comment (2022-01-10): CD [Redact] with COC


Reviewer Comment (2022-01-05): Initial CD provided, however a Changed Circumstance addressing fee changes not provided. Exception remains.


Seller Comment (2022-01-03): Initial CD
 01/31/2022 2 B CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216637481 437220583 24217845 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $xxx,xx exceeds tolerance of $xxx,xx.  Insufficient or no cure was provided to the borrower. The loan file does not contain an Initial Closing Disclosure or Changed Circumstance documentation.  The only borrower fee disclosures currently found are a Loan Estimate issued xx/xx/xx and the Final CD issued xx/xx/xx.  All additional Loan Estimates, Closing Disclosures, and Changed Circumstance documentation is required. Reviewer Comment (2022-01-19): [Redact] received LE dated [Redact] therefore no cure required.


Seller Comment (2022-01-18): [Redact] LE with COC


Reviewer Comment (2022-01-14): Appraisal Fee increased from $[Redact] to $[Redact] on [Redact] CD.  The [Redact] COC does not indicate the Appraisal Fee is increasing.  There is an [Redact] COC form in file which indicates Appraisal Fee is increasing however, do not have an LE/CD associated with this COC.  Either provide missing LE/CD for [Redact] COC form and fee will be re-evaluated OR provide LOE, PC-CD with cure, copy of refund check and proof of delivery to cure this exception.


Seller Comment (2022-01-14): Please review carefully THIS is the [Redact] COC.  Please review and clear exception


Reviewer Comment (2022-01-14): [Redact] received COC dated [Redact], whereas the fee was increased on CD dated [Redact]. Please provide a valid COC for CD dated [Redact] to clear this exception or provide cure docs.


Seller Comment (2022-01-13): [Redact] COC


Reviewer Comment (2022-01-12): [Redact] received COC dated [Redact] for Appraisal Fee due to Complexity fee increased. However the Appraisal Fee was increased on the CD dated [Redact] to $xxxlease provide us with valid COC which is within 3 business days from the Appraisal Fee increased on the CD dated [Redact] or cure required. Cure document consist of PCCD/ LOx/ Copy of Check Refund and Mailing Proof.


Seller Comment (2022-01-11): COC LE for appraisal.


Reviewer Comment (2022-01-11): [Redact] received CD & COC dated xx/xx/xxxx; however, no information on what change necessitated the increase in Appraisal Fee was provided. Additional information on the change is required to determine if fee can be rebaselined. Please provide a valid COC or cure documents. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check.


Seller Comment (2022-01-10): CD [Redact] with COC


Reviewer Comment (2022-01-04): [Redact] received CD dated xx/xx/xx however, the appraisal fee was increased on it to $[Redact] from $[Redact] on initial CD. Please provide a valid COC for increase or need cure documents.


Seller Comment (2022-01-03): Initial CD
 01/19/2022 1 A CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216637481 437220583 24217846 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Home Inspection Fee.  Fee Amount of $xxx,xx exceeds tolerance of $x,xx.  Insufficient or no cure was provided to the borrower. The loan file does not contain an Initial Closing Disclosure or Changed Circumstance documentation.  The only borrower fee disclosures currently found are a Loan Estimate issued xx/xx/xx and the Final CD issued xx/xx/xx.  All additional Loan Estimates, Closing Disclosures, and Changed Circumstance documentation is required. Reviewer Comment (2022-01-14): [Redact] received an updated PCCD along with LOE where the fee has been moved to H section.


Seller Comment (2022-01-13): LOX


Reviewer Comment (2022-01-12): [Redact] received PCCD dated [Redact] with fees moved to Section H. However we require LOX advising the same that the fee has been moved to Section H on the PCCD provided. Exception remains.


Seller Comment (2022-01-11): Please see PCCD fee name was updated.  Please advise.


Reviewer Comment (2022-01-11): [Redact] received CD & COC dated xx/xx/xxxx; however, Home Inspection Fee $[Redact] has been added on CD dated xx/xx/xxxx. Please provide a valid COC dated xx/xx/xxxx or cure documents. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check.


Seller Comment (2022-01-10): CD [Redact] with COC


Reviewer Comment (2022-01-04): [Redact] received Initial CD dated [Redact]. Home Inspection fee was not disclosed on initial CD and is directly added on final CD. Please provide a valid COC for adding the fee on CD dated [Redact] or Need cure for the same.


Seller Comment (2022-01-03): Initial CD
 01/14/2022 1 A CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216637481 437220583 24220005 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Service Charges.  Fee Amount of $xxx,xx exceeds tolerance of $x,xx.  Insufficient or no cure was provided to the borrower. The loan file does not contain an Initial Closing Disclosure or Changed Circumstance documentation.  The only borrower fee disclosures currently found are a Loan Estimate issued xx/xx/xx and the Final CD issued xx/xx/xx.  All additional Loan Estimates, Closing Disclosures, and Changed Circumstance documentation is required. Reviewer Comment (2022-01-05): Fee correction. Exception cleared.


Reviewer Comment (2022-01-04): [Redact] received initial CD dated [Redact]. Transaction coordination fee was disclosed on CD dated [Redact] without prefix "title". Please provide a valid COC for adding the fee or need cure documents.


Seller Comment (2022-01-03): Initial CD
 01/05/2022 1 A CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216638058 437220961 24222618 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-01-27): Client provided copy of Initial 1003.


Seller Comment (2022-01-25): Initial URLA
 01/27/2022 1 A FL Second Home Refinance - Limited Cash-out GSE C B C A C B A A Non QM Non QM No
216638058 437220961 24223996 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within [redacted] of application. The Application Date is [redacted] while the Affiliated Business Disclosure Statements in the loan file are issued [redacted]. Reviewer Comment (2022-02-07): Exception waived with no grade change.


Seller Comment (2022-02-03): Seller requests buyer review: Please waive this exception with no grade change


Reviewer Comment (2022-01-27): The Disclosure Tracking Detail Report shows the ABA Disclosure was provided to borrower on [Redact].  The Initial Application date was [Redact].  The ABA Disclosure was not provided to borrower within three days of application.  The exception remains.


Seller Comment (2022-01-25): See page 10-11 for tracking delivery info


Seller Comment (2022-01-25): Affiliated business disclosure tracking info


Seller Comment (2022-01-25): Affiliated business disclosure
 02/07/2022 2 B FL Second Home Refinance - Limited Cash-out GSE C B C A C B A A Non QM Non QM No
216638058 437220961 24223997 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on[redacted]not accurate. The Final CD reflects Estimated Property Costs over [redacted].  Based on the Hazard Insurance, Property Tax, and HOA documentation provided in file the amounts are as follows:  Hazard Insurance [redacted] Property Costs over [redacted] Reviewer Comment (2022-02-15): Received LOE to borrower dated the same day as the PCCD.  Exception is cleared.


Seller Comment (2022-02-11): PCCD attached
Ø Pg 1 is the letter to the borrower explaining the change
Ø Pg 2 is the COC/letter which also explains the reason for the change


Reviewer Comment (2022-02-07): Exception cured by PCCD, however missing the LOE to the borrower outlining the reason for the PCCD and the changes made.  Exception remains.


Seller Comment (2022-02-03): Total monthly HOI, Taxes, and HOA dues = $[Redact] X 12 = $[Redact] which matches the PCCD


Seller Comment (2022-02-03): • Condo Questionnaire confirming the annual HOA dues are $[Redact], not $[Redact] → Resulting in monthly HOA dues of $[Redact]


Seller Comment (2022-02-03): • Tax Cert confirming the annual taxes are $[Redact] not $[Redact] → Resulting in monthly taxes of $[Redact]


Seller Comment (2022-02-03): • HOI policy confirming the annual premium is $[Redact] not $[Redact] → Resulting in monthly HOI of $[Redact]


Reviewer Comment (2022-01-26): The annual property costs on page 4 of the final CD do not match the loan file. Annual property costs, per loan file, are as follows: Hazard - $[Redact], Tax - $[Redact], HOA - $[Redact] for a total of $[Redact]. Provide PCCD and LOE that reflects the preceding amounts in 10, 11 or 12 month breakouts, or documentation of alternative amounts, or documentation of calculation used for review.


Seller Comment (2022-01-25): • PCCD with the accurate estimated property costs over 1 year
 02/15/2022 1 A FL Second Home Refinance - Limited Cash-out GSE Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
216638058 437220961 24224104 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least[redacted] prior to closing. The Initial Closing Disclosure and subsequent CDs are not found in the loan file.  The following CDs issued are required:  [redacted] Reviewer Comment (2022-01-26): [Redact] received the initial CD, exception is cleared.


Seller Comment (2022-01-25): COC CD [Redact]


Seller Comment (2022-01-25): initial CD [Redact]
 01/26/2022 1 A FL Second Home Refinance - Limited Cash-out GSE No Defined Cure C B C A C B A A Non QM Non QM No
216638058 437220961 24228581 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - The Primary Residence at [redacted] reflects obligations of [redacted] on the 1003 via a new loan.  The only mortgage statement provided for this REO is for Shellpoint.  An updated mortgage statement / equivalent is required to verify the current mortgage payment, escrows, HOA of the Primary Residence. Reviewer Comment (2022-01-27): Client provided CD and First Payment Letter for new loan on [Redact] Street showing PITIA amount.


Seller Comment (2022-01-25): First payment letter for [Redact] confirming the PITI payment


Seller Comment (2022-01-25): CD for [Redact] confirming the PITI payment


Seller Comment (2022-01-25): Note for [Redact] confirming the PITI payment
 01/27/2022 1 A FL Second Home Refinance - Limited Cash-out GSE C B C A C B A A Non QM Non QM No
216638063 437221512 24220307 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule[redacted]: Borrower waived right to receive a copy of the appraisal at least[redacted] prior to closing, and appraisal was not provided at or before closing. Reviewer Comment (2022-02-04): Received Appraisal Notice. Appraisal was sent to borrower on [Redact]. Exception cleared.


Seller Comment (2022-02-03): appraisal delivery email
 02/04/2022 1 A TX Primary Purchase C A C A B A A A Non QM Non QM No
216638063 437221512 24220318 Credit Title Document Error Title There is no dollar amount noted on the title policy. 01/12/2022 1 A TX Primary Purchase C A C A B A A A Non QM Non QM No
216638063 437221512 24337016 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - 01/31/2022 1 A TX Primary Purchase C A C A B A A A Non QM Non QM No
216638064 437221459 24253675 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [redacted], prior to [redacted] from transaction date of [redacted]. Reviewer Comment (2022-01-26): Client provided Certified Copy of Final Settlement Statement showing disbursement date of xx/xx/xx.


Seller Comment (2022-01-24): SS


Reviewer Comment (2022-01-12): A PCCD will not clear this exception.  Provide a Certified Copy of the Final Settlement Statement from [Redact], showing the disbursement date of xx/xx/xx.


Seller Comment (2022-01-10): PCD
 01/26/2022 1 A HI Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C A A A C A A A Non QM Non QM Yes
216638066 437221480 24223544 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] prior to consummation. Reviewer Comment (2022-01-06): Proof of receipt of appraisal provided in trailing documents. Exception cleared.


Seller Comment (2022-01-06): Appr proof
 01/06/2022 1 A GA Primary Purchase C A C A B A A A Non QM Non QM No
216638066 437221480 24223545 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted]exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2021-12-22): Sufficient Cure Provided At Closing
 12/22/2021 1 A GA Primary Purchase Final CD evidences Cure C A C A B A A A Non QM Non QM Yes
216638066 437221480 24336437 Credit Guideline Guideline Issue Guideline Missing required income documentation . - Guidelines require YTD checks, check stubs or bank statements reflecting YTD income. Reviewer Comment (2022-02-23): YTD Income documentation provided.


Seller Comment (2022-02-18): income doc
 02/23/2022 1 A GA Primary Purchase C A C A B A A A Non QM Non QM No
216638067 437221497 24224030 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Missing verification of property taxes for the departure residence at [redacted] Reviewer Comment (2022-01-11): Client provided tax document for XXX.


Seller Comment (2022-01-07): Tax Bill
 01/11/2022 1 A FL Primary Purchase C A C A A A A A Non QM Non QM No
216638067 437221497 24224356 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXexceeds tolerance of $XXX  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2021-12-22): Sufficient Cure Provided At Closing
 12/22/2021 1 A FL Primary Purchase Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
216639375 437221492 24220574 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Evidence of delivery not received. Reviewer Comment (2022-01-14): Client provided appraisal delivery document.


Seller Comment (2022-01-12): appraisal proof of delivery
 01/14/2022 1 A CA Primary Purchase C B C A C B A A Non QM Non QM No
216639375 437221492 24220577 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over [redacted] of [redacted] on Final Closing Disclosure provided on[redacted] not accurate. Property Costs Over 1 year - Wrong amount Reviewer Comment (2022-01-31): [Redact] received Letter of Explanation & Corrected Closing Disclosure.


Seller Comment (2022-01-27): PCD


Reviewer Comment (2022-01-14): [Redact] received PCCD however total property costs on page 4 were not corrected. The calculated costs are taxes $[Redact]0 [Redact]) and HOI $v. Please reference or provide documentation if using another amount. Please provide a corrected CD and LOE to cure.


Seller Comment (2022-01-12): PCD
 01/31/2022 2 B CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
216639375 437221492 24220578 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] prior to closing. Missing initial CD. Reviewer Comment (2022-01-06): Initial CD provided.


Seller Comment (2022-01-06): Initial CD
 01/06/2022 1 A CA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216639375 437221492 24220590 Credit Title Document Error Title There is no dollar amount noted on the title policy. The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. Reviewer Comment (2022-01-21): Received escrow instructions. Cleared.


Seller Comment (2022-01-18): copy of closing instructions
 01/21/2022 1 A CA Primary Purchase C B C A C B A A Non QM Non QM No
216639375 437221492 24224249 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Tax Certicaite not provided Reviewer Comment (2022-01-14): Client provided tax document.


Seller Comment (2022-01-12): Tax verification
 01/14/2022 1 A CA Primary Purchase C B C A C B A A Non QM Non QM No
216639375 437221492 24426673 Compliance Compliance Federal Compliance TRID Defect TRID Interim Closing Disclosure Timing Irregular Transactions Test TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after [redacted] contains a change in APR and loan product and was not received by borrower at least [redacted] prior to consummation. APR changed due to loan product change from fixed rate to interest only.  Revised CD not issued / received by borrower at least [redacted] prior to consummation. Reviewer Comment (2022-01-21): Documentation received. Cleared.


Seller Comment (2022-01-19): o Notes for investor: revised CD was send [Redact], docs were signed on [Redact] - rec'd 3 business days prior to consummation
 01/21/2022 1 A CA Primary Purchase TRID timing exception, no remediation available. C B C A C B A A Non QM Non QM No
216639558 437221412 24247384 Credit Credit Miscellaneous Guideline Credit Exception: Please provided a mortgage payment history for[redacted]or greater. Reviewer Comment (2022-03-09): Cleared.


Seller Comment (2022-03-07): See attached letter signed by the [Redact]'s business partner whom held the mortgage on the borrower's primary residence.
This should cover the 12 month history


Reviewer Comment (2022-02-23): No new documentation has been provided.  The yellow highlighted item on the credit report is for an old mortgage loan to [Redact] Bank NA that was paid off [Redact].  The 1003 shows borrower has owned the current primary residence for 1.1 years so a minimum 12 month housing history should be available.


Seller Comment (2022-02-17): payment history


Reviewer Comment (2022-02-10): The exception is for mortgage history on the primary residence, not the [Redact] loan. Final 1003 indicates borrower has been at primary residence for 1 year and 1 month, however mortgage history provided on credit report/supplement is only for 6 months. Exception remains.


Reviewer Comment (2022-02-09): The exception is for mortgage history on the primary residence, not the [Redact] loan. Final 1003 indicates borrower has been at primary residence for 1 year and 1 month, however mortgage history provided on credit report/supplement is only for 6 months. Exception remains.


Seller Comment (2022-02-07): Attached is the credit supplement. There is a portion at the top which has info for the [Redact] mortgage, it indicates there are no late payments and is now paid off.


Reviewer Comment (2022-01-27): The credit report and credit supplement only provide a six month housing history on the primary residence.  Per guidelines, housing history for 12 months must be documented.  Provide documentation for prior mortgage or proof the property was owned free and clear prior to the current mortgage that was opened [Redact].


Seller Comment (2022-01-24): I have attached the Credit Supplement that confirms the [Redact] mortgage was paid with no lates for last 12 months.
The 2nd [Redact] mortgage was a primary residence refinance that closed and funded in [Redact] [Redact] so is hasn't been active for more than 12 months yet.


Reviewer Comment (2022-01-13): The credit supplement provided only shows 3 months.  Per the Final 1003 the borrower has been living at [Redact] for 1 year and 1 month.  Please provide 12 months of payment history.  Exception remains.  [Redact].


Seller Comment (2022-01-11): credit supplement
 03/09/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
216639558 437221412 24247434 Credit Credit Miscellaneous Guideline Credit Exception: The loan file contains [redacted]Prepayment Addendums. Please clarify which Addendum is for this loan. Reviewer Comment (2022-01-10): Client confirmed the correct ppp is 6 months interest.


Seller Comment (2022-01-07): Prepayment Addendum to Note


Reviewer Comment (2022-01-06): The document provided was the Prepayment Rider to the Mortgage.  Please also confirm which is the correct Prepayment Addendum to Note.


Seller Comment (2022-01-05): correct PPP
 01/10/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
216639558 437221412 24247524 Credit Credit Credit Eligibility Guideline Public Record Issue: - The [redacted]collection exceeds the[redacted] limit allowed in Guidelines. Reviewer Comment (2022-03-07): Client provided documentation showing satisfaction of judgment in the amount of $[Redact].


Seller Comment (2022-03-03): Attached is the litigation docs for the collection account from [Redact], as well as article linking the collection agency to [Redact]


Reviewer Comment (2022-02-10): The LOE from the borrower was received and reviewed. Please forward documentation the ([Redact]) Collection was paid, deemed not the borrower's debt, or correspondence it was removed by Credit Plus as the LOE reports.


Seller Comment (2022-02-07): attached is the LOE regarding the credit line that is disputed and was removed on the credit rescore
 03/07/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
216641845 437220342 24248631 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-01-06): Client provided signed copy of Business Purpose Certificate.


Seller Comment (2022-01-05): see attached
 01/06/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216643328 437220401 24263854 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted].  Insufficient or no cure was provided to the borrower. Ten percent fee tolerance exceeded by [redacted], and no cure was provided. Please provide an updated post-closing CD reflecting the cure, and evidence it was sent to the borrower. Reviewer Comment (2022-02-09): Received CIC.  Exception cleared


Seller Comment (2022-02-07): Please see redisclosed COC and LE [Redact]


Reviewer Comment (2022-02-03): [Redact] upon further review 10% tolerance is for recording fee. Fee was increased from $v on LE dated [Redact] to v on CD dated [Redact].So it exceeded the 10%  limit  of $[Redact] and total cure is require $v.Kindly provide valid COC for CD dated [Redact] or need cure of $[Redact].


Seller Comment (2022-02-02): Providers List -
 02/09/2022 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
216643637 437220523 24253299 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided Please provide the Fraud Report/Background check for both borrowers. Reviewer Comment (2022-02-01): Clear Fraud report provided, exception cleared


Seller Comment (2022-01-28): Fraud Report
 02/01/2022 1 A AZ Investment Purchase C A C A A A No
216643637 437220523 24253300 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide the Fraud Report/Background check for both borrowers. Reviewer Comment (2022-02-01): Clear Fraud report provided, exception cleared


Seller Comment (2022-01-28): Fraud Report uploaded
 02/01/2022 1 A AZ Investment Purchase C A C A A A No
216643637 437220523 24253302 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-02-01): Non QM Business purpose document provided, exception cleared


Seller Comment (2022-01-28): Non-QM Affirmation & Cert of Business Purpose
 02/01/2022 1 A AZ Investment Purchase C A C A A A No
216645738 437220426 24276818 Compliance Compliance State Compliance State Defect South Carolina Home Loan (Acknowledgement of Receipt of Complaint Agency Disclosure Not In File) xxxx Home Loan: Borrower did not acknowledge receipt of document specifying the agency designated to receive complaints or inquiries about the origination and making of the loan. The borrower didn't sign the [redacted]Complaint Agency Disclosure that is in imaging Reviewer Comment (2022-03-07): Client provided documentation showing borrower's e-consent for initial disclosure package.


Seller Comment (2022-03-04): Initial Disclosure package sent to the borrower including [Redact] Regulatory Agency to Receive Borrower Complaints which was included in the up-front disclosures.


Reviewer Comment (2022-03-04): Please forward the Upfront Disclosure verifying the [Redact] [Redact] was included.


Seller Comment (2022-03-02): The [Redact] CHL  is part of the upfront disclosure. The e-consent is  the delivery Confirmation.


Reviewer Comment (2022-02-25): No new documents have been provided.  Refer to the comment from [Redact].  The exception remains.


Seller Comment (2022-02-23): Is is a disclosure provided w/ initial disclosure and screenshot shows the borrower viewed and accepted the initial disclosure. I have also uploaded the econsent. Please clear the conditions


Reviewer Comment (2022-02-17): Rec'd duplicate copy of unsigned disclosure and an edisclosure tracking, however, the edisclosure tracking and the disclosure provided do not have any identifiable markings to verify this disclosure was a part of this edisclosure package.  Exception remains.


Seller Comment (2022-02-16): Please delivery Confirmation and DisClosure
 03/07/2022 1 A SC Primary Purchase C A A A C A A A Non QM Non QM No
216664517 437221534 24276924 Credit System General System Flood Certificate Subject Address does not match Note address. Note shows the address as xxx and Flood Cert shows address as xxx.  Provide flood cert with address that matches the Note. Reviewer Comment (2022-01-14): Client provided Flood Certificate with the correct address that matches the Note.


Seller Comment (2022-01-12): Flood Cert
 01/14/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216664517 437221534 24277814 Credit System General Appraisal Reconciliation Valuation address does not match Note address. - The Note shows the address as xxx and the appraisal shows the address as xxx.  Provide updated appraisal showing correct address per the Note. Reviewer Comment (2022-01-21): Documentation received.  Exception cleared.x/xx/xx.


Seller Comment (2022-01-19): Appraisal, Invoice, SSRs attached.
 01/21/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216670126 437221441 24282384 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided Please provide missing Fraud/Background check. Reviewer Comment (2022-01-11): Client provided DRIVE Fraud Report which includes background check.


Seller Comment (2022-01-10): Fraud Report
 01/11/2022 1 A SC Investment Purchase C A C A A A No
216670126 437221441 24282385 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide missing Fraud/Background check. Reviewer Comment (2022-01-11): Client provided DRIVE Fraud Report.


Seller Comment (2022-01-10): Fraud Report
 01/11/2022 1 A SC Investment Purchase C A C A A A No
216670126 437221441 24282395 Credit Loan Package Documentation Closing / Title Loan Package Documentation (Missing Doc) Missing Note Addendum: Note P&I does not match calculated P&I Per documents in file, the loan is an Interest Only loan for the first [redacted] but the Note is not an Interest Only Note, there are no Interest Only terms on the Note and there is no IO addendum in file.  Provide corrected, executed Note showing IO terms. Reviewer Comment (2022-02-24): Interest only Fixed Rate Note executed by Borrowers provided. Exception cleared.


Seller Comment (2022-02-22): signed note
 02/24/2022 1 A SC Investment Purchase C A C A A A No
216702165 437221451 24314030 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  AVM supports value.  Vendor/FSD do not meet Fitch criteria.; Sec ID: 10 Reviewer Comment (2022-02-04): Received.


Seller Comment (2022-02-02): CDA
 02/04/2022 1 A CA Investment Purchase D A A A A A D A N/A Exempt from ATR No
216702186 437220283 24293439 Credit System General System Flood Certificate Subject Address does not match Note address. Note shows address as: xxx and Flood Cert shows address as: xxx.  Flood should match Note. Reviewer Comment (2022-01-13): Client provided revised Flood Certificate with the correct address.


Seller Comment (2022-01-11): see attached
 01/13/2022 1 A NY Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216716960 437221008 24309221 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Rider - Other not provided The Prepayment Rider to the Security Instrument was required by the SI but was not provided in file. Reviewer Comment (2022-01-25): Client provided copy of signed Prepayment Rider.


Seller Comment (2022-01-20): Rider attached
 01/25/2022 1 A AZ Investment Purchase C A C A A A No
216734446 437220338 24385309 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Please provide liability documentation for the additional properties. Reviewer Comment (2022-02-23): Received modification and note from lender that modification terms were extended.


Seller Comment (2022-02-20): Modified Note for [Redact]


Reviewer Comment (2022-02-18): Please forward the modified Note (not seeing it in the uploads) for the [Redact] property (or mortgage statement).
The [Redact] mortgage is reported on the borrower's Credit Report/Supplement and the borrower is personally liable. Please provide the complete Mortgage Statement (need property address included) for [Redact] against the [Redact] property.


Seller Comment (2022-02-11): Copy of Modified Note was included in the documents uploaded for [Redact] (starts on pg 2).  Uploaded property profile for [Redact] shows [Redact] has a commercial mortgage.


Reviewer Comment (2022-02-11): Still missing the mortgage statement from [Redact] for [Redact]. and the complete [Redact] statement for [Redact]. - the [Redact] Mortgage statement provided doesn't have the property address.  Exception remains.


Seller Comment (2022-02-08): REO PITIA Docs


Reviewer Comment (2022-02-04): Exception Explanation Updated from: Insurance Verification, Statement, Tax Verification
Other
Other
Other, Statement
Statement
 02/23/2022 1 A CA Investment Refinance - Cash-out - Other C B C B A A A A N/A Exempt from ATR No
216734446 437220338 24391402 Credit Title Document Error Title There is no dollar amount noted on the title policy. The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B CA Investment Refinance - Cash-out - Other C B C B A A A A N/A Exempt from ATR No
216761740 437220410 24417545 Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. Provide evidence of initial lock date and any subsequent locks if applicable. Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B CA Primary Refinance - Rate/Term B B A A B B A A Non QM Non QM No
216761763 437220488 24395661 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Business bank statements for xxx acct #xxxx that were used for income for both borrowers were not provided in file.  Provide the most recent bank statements covering a [redacted] period for accurate income calculations. Reviewer Comment (2022-01-28): Received xxx.  Exception is cleared.


Seller Comment (2022-01-26): see attached
 01/28/2022 1 A CO Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216761763 437220488 24395667 Credit Missing Document General Missing Document Missing Document: Bank Statements - Business not provided Business bank statements for xxx acct #xxxx that were used for income for both borrowers were not provided in file.  Provide the most recent bank statements covering a [redacted] period for accurate income calculations. Reviewer Comment (2022-01-28): Received xxx.  Exception is cleared.


Seller Comment (2022-01-26): see attached
 01/28/2022 1 A CO Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216761763 437220488 24522365 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		 Reviewer Comment (2022-01-28): Received post closing disaster inspection verifying no damage to the property.  Exception is cleared.


Seller Comment (2022-01-26): see attached
 01/28/2022 1 A CO Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216761767 437220495 24396690 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of[redacted]exceeds tolerance of $[redacted]plus [redacted] or $[redacted].  Insufficient or no cure was provided to the borrower. Reviewer Comment (2022-02-02): Less than $[Redact]
 02/02/2022 2 B NY Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216761767 437220495 24421197 Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Payoff Statement Missing Missing Payoff Statement: Unable to determine if a prepayment penalty was included in the pay-off which may impact high cost findings. 01/21/2022 2 B NY Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216761767 437220495 24421297 Credit Missing Document General Missing Document Incomplete Document: Closing Disclosure is incomplete 02/01/2022 1 A NY Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216768021 437220485 24389022 Credit Missing Document General Missing Document Missing Document: Bank Statements - Business not provided Missing all bank statements for Acct[redacted] that were used for Co-borrower's income calculations.  Provide the most recent bank statements covering a [redacted] period for correct income calculations. Reviewer Comment (2022-02-10): Received.


Seller Comment (2022-02-04): Bank Statements
 02/10/2022 1 A CA Primary Refinance - Rate/Term C B C B B B A A Non QM Non QM No
216768021 437220485 24389178 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Missing all bank statements for Acct [redacted] that were used for Co-borrower's income calculations.  Provide the most recent bank statements covering a [redacted]period for correct income calculations. Reviewer Comment (2022-02-10): Received.


Seller Comment (2022-02-04): Bank Statements
 02/10/2022 1 A CA Primary Refinance - Rate/Term C B C B B B A A Non QM Non QM No
216768021 437220485 24390097 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least [redacted]prior to closing. Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B CA Primary Refinance - Rate/Term C B C B B B A A Non QM Non QM No
216768021 437220485 24390098 Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. Provide evidence of the date that the loan was initially locked and any subsequent lock information. All lock date information is missing from the file. Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B CA Primary Refinance - Rate/Term C B C B B B A A Non QM Non QM No
216768021 437220485 24523321 Credit Credit Miscellaneous Guideline Credit Exception: Borrower's income is declining. Lender Exception provided, however no Compensating Factors were listed. Please provide Lender Exception with Compensating Factors. The representative FICO score exceeds the guideline minimum by at least xx points.

The refinance has decreased the borrower's monthly debt payments by xx% or more.

Borrower's monthly mortgage payment has decreased by at least xx%.

Borrower has worked in the same position for more than x years.

Borrower has been employed in the same industry for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.		 Lender Exception provided with Comp Factors.

Lender Exception provided with Comp Factors.		 Originator,Owner

Owner

Owner

Owner

Originator,Owner

Owner		 Reviewer Comment (2022-02-11): Lender Exception provided with Comp Factors.


Reviewer Comment (2022-02-10): Received the updated Lender Exception. However, Lender Exception requirements not met. DTI at [Redact] with borrower [Redact] debt not yet added in as we are awaiting documentation on support terms. 1008 report [Redact] DTI. Please update the Lender Exception, 1003 and 1008 to to include the [Redact] payment and the [Redact] DTI required by the Lender Exception.


Seller Comment (2022-02-04): Revised Exception approval
 02/11/2022 2 B CA Primary Refinance - Rate/Term C B C B B B A A Non QM Non QM No
216768021 437220485 24523492 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Divorce Decree / Child Support not provided Provide evidence of XXXX debt. Loan file contains a document indicating the borrower is the debtor in the XXXX, however no monthly amount is listed. Reviewer Comment (2022-02-11): Borrower's SSN and DOB do not match the person with the [Redact] Judgement. Title Co sent supplement remove item 7 which was the judgement.


Reviewer Comment (2022-02-10): [Redact] Judgement/Assignee of Record received. Please document terms terms of the [Redact] liability for the borrower  via the Divorce Decree, Separation Agreement, Court Order, or notarized Agreement signed by all parties and their attorneys.


Seller Comment (2022-02-04): Abstract of judgement
 02/11/2022 1 A CA Primary Refinance - Rate/Term C B C B B B A A Non QM Non QM No
216768022 437220576 24391400 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted]exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. The Appraisal Fee. was disclosed to the borrower on the loan estimate as[redacted] but it appeared on the closing disclosure as [redacted] with no cure provided Reviewer Comment (2022-01-24): [Redact] received valid COC dated [Redact] with reason why the Appraisal Fee was increased on the CD dated [Redact] hence after review the exception was cleared.


Seller Comment (2022-01-21): COC-LE [Redact]
 01/24/2022 1 A CA Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
216768026 437220549 24388725 Credit Insurance Insurance Analysis Insurance The Hazard Insurance Policy effective date is after the Transaction Date. Hazard Insurance Policy Effective Date ___, Transaction Date:  ___ Hazard Insurance Policy Effective Date [redacted], Transaction Date:  [redacted] Reviewer Comment (2022-03-28): Hazard effective date matches the post close CD.


Seller Comment (2022-03-25): Please see PC CD with correct disbursement and letter to borrower


Reviewer Comment (2022-03-09): Exception Explanation Updated from: Hazard Insurance Policy Effective Date [Redact], Transaction Date:  [Redact]


Reviewer Comment (2022-03-07): Copy of the final closing statement, but not a true and certified copy. Please provide the borrower with a PC CD reflecting [Redact] disbursement date with an explanation of changes. Exception remains.


Seller Comment (2022-03-03): Please see attached the Final Settlement Statement for  [Redact]


Reviewer Comment (2022-03-01): We are in receipt of a copy of the Master Final Settlement Statement showing a disbursement date of [Redact].  A Certified Copy of the Master Final Settlement Statement from the closing company is required to clear the exception.  Please provide a Certified Copy of the document.


Seller Comment (2022-02-25): The loan disbursed [Redact] we are incomplaince


Reviewer Comment (2022-02-25): Received insurance policy with the [Redact] adjusted effective date, however the Note date is [Redact] and the disbursement date is [Redact]. Provide an updated insurance declarations page verifying the effective date as either of these dates. Exception remains.


Seller Comment (2022-02-23): Copy Of DOT recorded on [Redact] - [Redact] property, borrowers can not get keys until the DOT records.


Seller Comment (2022-02-23): Hazard Insurance dec page effective dates [Redact] to [Redact]


Reviewer Comment (2022-02-23): Please update the effective date on the hazard insurance to match the Notary Date of [Redact].
 03/28/2022 1 A CA Primary Purchase C B C A C B A A Non QM Non QM No
216768026 437220549 24390336 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within [redacted] of application. Loan Estimate not delivered or placed in the mail to Borrower(s) within xx [redacted]of application. Reviewer Comment (2022-03-25): Client provided documentation showing correct date of Initial application was [Redact].  Application e-signed as of [Redact].


Reviewer Comment (2022-03-25): [Redact] Received LOE stating [Redact] application is correct; however, there in no application signed by LO on [Redact]. File Contains Application signed by LO on [Redact]. Kindly Confirm correct application date and provide Correct LOE.


Seller Comment (2022-03-23): Attestation Re: application date


Reviewer Comment (2022-02-23): Please provide evidence a Loan Estimate was delivered or placed in the mail to Borrowers within three (3) business days of application.
 03/25/2022 1 A CA Primary Purchase C B C A C B A A Non QM Non QM No
216768026 437220549 24390392 Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B CA Primary Purchase C B C A C B A A Non QM Non QM No
216768026 437220549 24390858 Compliance Compliance Federal Compliance TILA ARM Disclosure Timing Test TIL variable rate disclosure: [redacted] disclosure not provided to the borrower within[redacted] of application. Reviewer Comment (2022-03-25): Client provided documentation showing correct date of Initial application was [Redact].  Application e-signed as of [Redact].


Seller Comment (2022-03-23): Early ARM Disclosure


Reviewer Comment (2022-02-23): Please provided evidence the ARM Disclosure was delivered or placed in the mail to Borrowers within three (3) business days of application.
 03/25/2022 1 A CA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216768026 437220549 24390954 Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Timing ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within[redacted] of the loan application date. Please provide all appraisals and evidence that it was sent to the borrower at least [redacted] prior to closing Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B CA Primary Purchase C B C A C B A A Non QM Non QM Yes
216768026 437220549 24390985 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application RESPA Disclosure Rule[redacted]: List of Homeownership Counseling Organizations not provided to applicant within xx [redacted]of application. List of Homeownership Counseling Organizations not provided to applicant within xx , Date provided  [redacted]. Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B CA Primary Purchase C B C A C B A A Non QM Non QM No
216768026 437220549 24398387 Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. File missing credit supplement to confirm no [redacted] lates through closing.  Missing proof of payments for [redacted]. Reviewer Comment (2022-02-16): File contained a mortgage statement reflecting on time [Redact] payment, loan could not have 60 days late at time of closing.
 02/16/2022 1 A CA Primary Purchase C B C A C B A A Non QM Non QM No
216768026 437220549 24524007 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Loan file missing third party verification of start date of the borrower's business. License provided is for the borrower, not the business. Reviewer Comment (2022-02-23): Start date verified with 1120S's completed by CPA.


Seller Comment (2022-02-16): Info on law firm
 02/23/2022 1 A CA Primary Purchase C B C A C B A A Non QM Non QM No
216768029 437220560 24415075 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant [redacted]: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR[redacted].  Non-Compliant Higher Priced Mortgage Loan. Federal Higher-Priced Mortgage Loan rate [redacted] exceed the allowable threshold of [redacted]. calculated difference  of [redacted] Reviewer Comment (2022-03-16): Changed to compliant from non.
 03/16/2022 1 A FL Primary Purchase C B C A C B A A Non QM Non QM No
216768029 437220560 24419619 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule [redacted]: Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Borrower signed Appraisal Acknowledgement [redacted] Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B FL Primary Purchase C B C A C B A A Non QM Non QM No
216768029 437220560 24419620 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Appraisal Not Obtained Timely) TILA HPML Appraisal Rule[redacted]: Appraisal not obtained prior to consummation. Borrower signed Appraisal Acknowledgement [redacted] Reviewer Comment (2022-03-16): Cleared documentation of receipt provided.


Seller Comment (2022-03-14): see attached
 03/16/2022 1 A FL Primary Purchase C B C A C B A A Non QM Non QM No
216768029 437220560 24419645 Credit Guideline Guideline Issue Guideline Missing employment verification documentation. - Verification provided Reviewer Comment (2022-02-24): Received VVOE with CPA as contact.


Seller Comment (2022-02-18): see attached
 02/24/2022 1 A FL Primary Purchase C B C A C B A A Non QM Non QM No
216768030 437220430 24396108 Credit Guideline Guideline Issue Guideline Loan does not meet minimum income documentation requirements. - Please provide W2 and tax return transcripts that are missing from the file for [redacted]. Reviewer Comment (2022-01-28): [Redact] W-2 provided in trailing documents. Exception cleared.


Seller Comment (2022-01-26): See W-2 [Redact] from [Redact]

[Redact] is a platform that helps employers manage payroll, benefits, employee information, and employment-related compliance.

Transcripts previously provided for [Redact] show total earnings of: [Redact](W-2's for [Redact] $[Redact] [Redact]) + [Redact] ([Redact])

WVOE w/Work Number for current shows hire date of [Redact] ([Redact]- would appear [Redact] covered [Redact] period of employment w/[Redact])


Reviewer Comment (2022-01-25): [Redact] W-2 is for prior employment. Missing [Redact] W-2 for current employment that began on [Redact]. Exception remains


Seller Comment (2022-01-21): see attached.
 01/28/2022 1 A FL Second Home Purchase C B C A B B A A Non QM Non QM No
216768030 437220430 24417455 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule [redacted]: Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Borrower received the appraisal on [redacted] but appraisal was dated [redacted]. Provide all appraisals and evidence they were all sent to the borrower at [redacted] prior to closing. Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B FL Second Home Purchase C B C A B B A A Non QM Non QM No
216769293 437221618 24414864 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___ Reviewer Comment (2022-01-25): Hazard Insurance policy includes 100% replacement cost.  Exception is cleared.
 01/25/2022 1 A FL Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216769293 437221618 24414999 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Flood insurance coverage amount is insufficient. Please provide sufficient coverage to satisfy the loan amount or Estimated Cost New as indicated on the appraisal, or provide the Replacement Cost Estimator indicating the coverage is sufficient. Reviewer Comment (2022-01-25): Received Updated Flood Policy with full coverage.  Exception is cleared.


Seller Comment (2022-01-21): Good afternoon. This document is the flood with increased coverage. Thank you.


Seller Comment (2022-01-21): Good afternoon. The subject property has 100% FULL replacement coverage on it. Please clear this condition, thank you.
 01/25/2022 1 A FL Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216769293 437221618 24415603 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least xx (x) business days prior to closing, and appraisal was not provided at or before closing. Provide all appraisals and evidence they were all sent to the borrower at closing. Reviewer Comment (2022-01-28): Seller acknowledges exception.


Seller Comment (2022-01-27): We acknowledge this exception and request it be waived without compensating factors.


Seller Comment (2022-01-26): Seller requests buyer review: Grade 2 - please waive


Reviewer Comment (2022-01-26): Received email to borrower for appraisal delivery receipt, however, email is not dated and timing cannot be determined.  Exception remains.


Seller Comment (2022-01-21): Proof appraisal was delivered
 01/28/2022 2 B FL Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216769293 437221618 24415604 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least 3 days prior to closing. Reviewer Comment (2022-01-28): Seller acknowledges exception.


Seller Comment (2022-01-27): We acknowledge this exception and request it be waived without compensating factors.


Seller Comment (2022-01-26): Seller requests buyer review: Grade 2 - Please waive


Reviewer Comment (2022-01-25): Still missing evidence borrower received appraisal. There is an email screenshot which appears to show appraisal was sent to borrower, but it is undated. Exception remains


Seller Comment (2022-01-25): Please see attached Appraisal Timing Waiver.
 01/28/2022 2 B FL Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216769293 437221618 24415607 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-01-25): "[Redact] received valid COC document to clear this exception.


Seller Comment (2022-01-24): Please see attached Change of Circumstance for the [Redact] increase.
 01/25/2022 1 A FL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216769293 437221618 24415608 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $xxx,xx exceeds tolerance of $x,xx.  Insufficient or no cure was provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-01-26): [Redact]: Sufficient cure provided at closing.


Seller Comment (2022-01-25): Final CD showing cure of $xxx.  Please note the $xxx appraisal cure in included in the [Redact].
 01/26/2022 1 A FL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216769293 437221618 24415609 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-01-26): [Redact] received COC dated xx/xx/xxxx


Seller Comment (2022-01-25): CD/COC showing increase of loan amount which increases the transfer tax.  Please waive condition.
 01/26/2022 1 A FL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216769293 437221618 24526946 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Please provide sufficient coverage to satisfy the loan amount or Estimated Cost New as indicated on the appraisal, or provide the Replacement Cost Estimator indicating the coverage is sufficient. Reviewer Comment (2022-01-25): Hazard insurance binder reflects 100% replacement cost coverage.  Exception is cleared.


Seller Comment (2022-01-21): Good afternoon. The subject property has 100% FULL replacement coverage on it. Please clear this condition, thank you.
 01/25/2022 1 A FL Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216769293 437221618 24602131 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $xxx,xx exceeds tolerance of $x,xx.  Sufficient or excess cure was provided to the borrower at Closing. XXXX: Sufficient cure provided at closing. Reviewer Comment (2022-01-26): Sufficient Cure Provided At Closing
 01/26/2022 1 A FL Primary Refinance - Cash-out - Other Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
216769294 437221114 24413496 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant [redacted]: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted], or [redacted].  Non-Compliant Higher Priced Mortgage Loan. Waterfall grading due to missing appraisals and appraisal delivery info. Please provide for re-grade. Reviewer Comment (2022-03-10): Preliminary and revised appraisal reports provided; exception cleared.


Reviewer Comment (2022-03-02): We have received the [Redact] appraisal and proof borrower received it on [Redact]. We have the updated report dated [Redact], but the borrower documented as receiving it [Redact] post close. Please forward evidence the borrower received the [Redact] appraisal at close or before.


Seller Comment (2022-02-25): Please see attached...


Seller Comment (2022-02-25): Please see attached appraisal


Reviewer Comment (2022-02-11): Only one appraisal has been received.  Exception remains.


Seller Comment (2022-02-07): appraisal


Reviewer Comment (2022-02-03): This is a waterfall issue caused by a lack of all lender providing copies of all appraisal reports issued in connection of this loan and further investigation required regarding HPML rules applicable to the final appraisal report issued (held up due to lack of lender proving copies of all reports issued in connection with this loan).


Seller Comment (2022-02-01): The borrower did not open the appraisal delivered for the second appraisal, that is why we do not have a receipt. Here is a screenshot showing proof that it was sent.


Reviewer Comment (2022-01-25): Borrower receipt of the appraisal dated [Redact] and post close. Please provide documentation verifying the borrower received the appraisal prior to or at close.


Reviewer Comment (2022-01-25): Trailing documentation confirms revised appraisal was not delivered to borrower until after closing date.  Exception remains.


Seller Comment (2022-01-20): Appraisal deliver confirmation
 03/10/2022 1 A FL Primary Purchase C B C A C B A A Non QM Non QM No
216769294 437221114 24413497 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Appraisal Not Obtained Timely) TILA HPML Appraisal Rule [redacted]: Appraisal not obtained prior to consummation. Appraisal was provided to the borrower on [redacted] but was not completed until [redacted]. Provide all appraisals and evidence they were all sent to the borrower at least [redacted] to closing. Reviewer Comment (2022-03-10): Preliminary and revised appraisal reports provided; exception cleared.


Reviewer Comment (2022-03-10): Nothing additional was rec'd to verify Borrower rec'd copy of final appraisal report at closing. Exception remains.


Seller Comment (2022-03-07): see attached


Reviewer Comment (2022-03-02): We have received the [Redact] appraisal and proof borrower received it on [Redact]. We have the updated report dated [Redact], but the borrower documented as receiving it [Redact] post close. Please forward evidence the borrower received the [Redact] appraisal at close or before.


Seller Comment (2022-02-25): Please see attached...


Reviewer Comment (2022-02-23): We do not have a copy of the Initial Appraisal Report that was delivered to the borrower on [Redact].  The Revised/Final Appraisal Report is dated [Redact].  The delivery document provided for this appraisal is dated [Redact] which is after the closing.  The Revised/Final Appraisal Report was not received by the borrower at least three business days prior to consummation.


Seller Comment (2022-02-17): Cover letter


Reviewer Comment (2022-02-11): Only one appraisal has been received for review.  Exception remains.


Seller Comment (2022-02-07): Why do you ask for proof of [Redact] appraisal then ask for proof of all appraisals??? Shouldn't that have been the initial condition instead of going back and forth?


Reviewer Comment (2022-02-03): Please provide copies of all appraisal reports issued in connection with this loan, along with and evidence of all issued appraisals being delivered/received by borrower no less than 3 days prior to closing. This issue remains open. Note: All issued appraisal reports must be provided for review, along with all delivery documentation for each, prior to escalation of the issue of the final appraisal, dated same day of closing, being submitted for review for clearing and/or downgrade.


Seller Comment (2022-02-01): The borrower did not open the appraisal delivered for the second appraisal, that is why we do not have a receipt. Here is a screenshot showing proof that it was sent.


Reviewer Comment (2022-01-25): Borrower receipt of the appraisal dated [Redact] and post close. Please provide documentation verifying the borrower received the appraisal prior to or at close.


Reviewer Comment (2022-01-25): Trailing documentation confirms revised appraisal was not delivered to borrower until after closing date.  Exception remains.


Seller Comment (2022-01-20): Appraisal deliver confirmation
 03/10/2022 1 A FL Primary Purchase C B C A C B A A Non QM Non QM No
216769294 437221114 24413499 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted]exceeds tolerance of[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-01-06): Sufficient Cure Provided At Closing
 01/06/2022 1 A FL Primary Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
216769294 437221114 24422084 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided The file is missing the UW Approvals and the final 1008.  Please provide the UW Approvals and/or the final 1008. Reviewer Comment (2022-01-25): The Approval and 1008 were both received.


Seller Comment (2022-01-21): 1008/approval
 01/25/2022 1 A FL Primary Purchase C B C A C B A A Non QM Non QM No
216769294 437221114 24526970 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule [redacted]: Borrower waived right to receive a copy of the appraisal at least xx (x) business days prior to closing, and appraisal was not provided at or before closing. Provide all appraisals and evidence they were all sent to the borrower at closing. Reviewer Comment (2022-02-11): Seller acknowledges exception.


Seller Comment (2022-02-07): Seller requests buyer review: Grade 2 condition


Reviewer Comment (2022-01-25): Borrower receipt of the appraisal dated [Redact] and post close. Please provide documentation verifying the borrower received the appraisal prior to or at close.


Reviewer Comment (2022-01-25): Trailing documentation confirms revised appraisal was not delivered to borrower until after closing date.  Exception remains.


Seller Comment (2022-01-25): Hi...when will the docs uploaded on [Redact] will be reviewed?


Seller Comment (2022-01-20): Appraisal deliver confirmation
 02/11/2022 2 B FL Primary Purchase C B C A C B A A Non QM Non QM No
216769294 437221114 24526971 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule[redacted]: Creditor did not provide a copy of each valuation to applicant xx x business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at closing. Reviewer Comment (2022-01-25): Received documentation verifying revised appraisal was delivered to borrower after closing.  Exception cleared.  See new exception regarding the timing.


Seller Comment (2022-01-20): Appraisal deliver confirmation
 01/25/2022 1 A FL Primary Purchase C B C A C B A A Non QM Non QM No
216769294 437221114 24597119 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule [redacted]: Creditor did not provide a copy of revised valuation to applicant[redacted] prior to consummation. Revised appraisal was not provided to borrower until [redacted]; Note Date was [redacted]. Reviewer Comment (2022-02-11): Seller acknowledges exception


Seller Comment (2022-02-07): Seller requests buyer review: Grade 2 condition


Reviewer Comment (2022-01-25): Borrower receipt of the appraisal dated [Redact] and post close. Please provide documentation verifying the borrower received the appraisal prior to or at close.
 02/11/2022 2 B FL Primary Purchase C B C A C B A A Non QM Non QM No
216769383 437221518 24417299 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant[redacted] prior to consummation. Please forward the appraisal Acknowledgment. Reviewer Comment (2022-01-21): Received evidence of receipt of appraisal.  Exception is cleared.


Seller Comment (2022-01-19): Uploaded appraisal delivery
 01/21/2022 1 A OR Second Home Refinance - Rate/Term B A A A B A A A Non QM Non QM No
216769384 437220166 24425306 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [redacted] of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. Reviewer Comment (2022-02-14): [Redact] received document which states initial disclosures were Mailed.


Seller Comment (2022-02-11): [Redact] [Redact] - see attached Disc tracking - Alternative method is also used, the LE was emailed and regular mail on [Redact].  Attached is the disclosure reflecting mailed date.


Reviewer Comment (2022-01-21): [Redact] the loan application date was [Redact].  The consumer went through the E-Consent process on [Redact] and and acknowledged the receipt of the LE on [Redact] . In the event the consumer had not provided E-Consent by [Redact], then the lender should have sent the consumer the Loan Estimate through another means to comply with the 3 day LE timing requirement.  Proof of the LE being sent alternative method is required to clear.


Seller Comment (2022-01-20): 01/20 [Redact] - URLA


Seller Comment (2022-01-20): 01/20 [Redact] - Loan Estimate


Seller Comment (2022-01-20): 01/20 [Redact] - E-consent
 02/14/2022 1 A PA Primary Refinance - Rate/Term C A A A C A A A Non QM Non QM No
216769384 437220166 24626285 Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. "Sufficient cure provided at closing. Reviewer Comment (2022-01-27): Sufficient Cure Provided At Closing
 01/27/2022 1 A PA Primary Refinance - Rate/Term Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
216769713 437220345 24419108 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule [redacted]: Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. The borrower was provided a copy of the appraisal[redacted], however it appears that the appraisal was sent back to the appraiser for corrections there is no proof that a copy of the corrected appraisal was sent to the borrower. Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B CA Investment Purchase C B C A B B A A N/A Exempt from ATR No
216769713 437220345 24510096 Credit Credit Miscellaneous Guideline Credit Exception: Income is declining, guidelines state additional documentation may be required up to and including an additional [redacted] of statements. Reviewer Comment (2022-02-25): Verification of Business paying [Redact] auto lease #[Redact] reducing the DTI to less than [Redact] as stated on the 1008. Exception cleared.


Seller Comment (2022-02-23): UW memo and auto lease


Reviewer Comment (2022-02-23): Agree with income [Redact], income is clear. Issue found is debt on the 1008 < actual debt on 1003 and credit report. Docs show the [Redact] Auto Lease as paid yet the credit report shows that creditor acct [Redact]act] paid and not the correct acct [Redact]act]. Please add the $[Redact]/mo to the debt on the 1008 and DTI [Redact]%. 1008 Consumer debt should total $[Redact] and not $[Redact]. Thank you.


Seller Comment (2022-02-16): UW Memo regarding income trend.
 02/25/2022 1 A CA Investment Purchase C B C A B B A A N/A Exempt from ATR No
216769716 437221182 24428446 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - ___
___		 Please forward the HOA fee documentation for the properties at xxx and xxx. Reviewer Comment (2022-01-26): Received HOA monthly invoice for both properties verifying HOA fees.  Exception is cleared.


Seller Comment (2022-01-24): REO Docs
 01/26/2022 1 A NY Investment Purchase C A C A B A A A N/A Exempt from ATR No
216769716 437221182 24428607 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule [redacted]: Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Please provide all appraisals and evidence they were all sent to the borrower at least[redacted]prior to close. Reviewer Comment (2022-01-25): Appraisal was sent to borrower on xx/xx/xxxx. Exception cleared.


Seller Comment (2022-01-21): The borrower did not download the second appraisal so we do not have a receipt.  Here is the log showing that it was sent to them
 01/25/2022 1 A NY Investment Purchase C A C A B A A A N/A Exempt from ATR No
216769717 437221160 24418884 Credit Insurance Insurance Documentation Insurance Missing Document: Flood Insurance Policy not provided 01/27/2022 1 A NY Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216769717 437221160 24421178 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Prepayment Penalty TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted]incorrectly disclosed whether the loan contains a Prepayment Penalty. 01/31/2022 2 B NY Investment Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A N/A Exempt from ATR Yes
216769717 437221160 24421254 Credit Guideline Guideline Issue Guideline Flood Insurance was not escrowed. 01/27/2022 1 A NY Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216769717 437221160 24421255 Credit Guideline Guideline Issue Guideline Loan does not meet minimum income documentation requirements. - 02/01/2022 1 A NY Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216769717 437221160 24421390 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. 01/20/2022 1 A NY Investment Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A N/A Exempt from ATR Yes
216769717 437221160 24428865 Credit Insurance Insurance Analysis Insurance Flood Insurance Policy expires within 90 days of the Note Date. 01/27/2022 1 A NY Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216769717 437221160 24429404 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Rate Lock Fee.  Fee Amount of $xxx,xx exceeds tolerance of $x,xx.  Insufficient or no cure was provided to the borrower. 01/27/2022 1 A NY Investment Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A N/A Exempt from ATR Yes
216769717 437221160 24526993 Credit Insurance Insurance Documentation Insurance Missing Document: Hazard Dec Page not provided Reviewer Comment (2022-02-03): Policy provided at the time of review expired [Redact] and renewal provided shows effective date of [Redact] and an expiration date of [Redact].  Exception is cleared.
 02/03/2022 1 A NY Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216769717 437221160 24527074 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - 02/01/2022 1 A NY Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216769718 437220320 24419411 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-02-22): Client provided DRIVE Fraud Report.


Seller Comment (2022-02-16): FraudGuard Report
 02/22/2022 1 A FL Primary Purchase C B C B B B A A Non QM Non QM No
216769718 437220320 24420717 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] prior to consummation. Provide all appraisals and evidence that it was sent to the borrower at least[redacted] prior to closing Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B FL Primary Purchase C B C B B B A A Non QM Non QM No
216769718 437220320 24420718 Compliance Compliance Federal Compliance FACTA FACTA Disclosure Missing FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B FL Primary Purchase C B C B B B A A Non QM Non QM No
216769718 437220320 24420719 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule [redacted] Creditor did not provide List of Homeownership Counseling Organizations to borrower. Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B FL Primary Purchase C B C B B B A A Non QM Non QM No
216769718 437220320 24421502 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Reviewer Comment (2022-03-11): WVOEs received for both Borrowers.
 03/11/2022 1 A FL Primary Purchase C B C B B B A A Non QM Non QM No
216769718 437220320 24422476 Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within 10 business days of the Note. - Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.

The qualifying DTI on the loan is at least xx% less than the guideline maximum.		 Documented reserves exceeds [redacted] of requirement.

Residual Income is [redacted] or more than requirement.

Total debt [redacted] or more above requirement.		 Owner

Originator,Owner

Owner

Originator,Owner

Owner

Owner,Originator		 Reviewer Comment (2022-03-11): Lender approved exception for WVOEs for both Borrowers dated post closing.


Seller Comment (2022-03-09): Exception Approval for VOE conditions.


Reviewer Comment (2022-02-22): The Verification of Employment Report is dated post closing and is not acceptable.  Provide a Verification of Employment within ten days of closing per guidelines.


Seller Comment (2022-02-16): VOE for [Redact]
 03/11/2022 2 B FL Primary Purchase C B C B B B A A Non QM Non QM No
216769718 437220320 24422478 Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within 10 business days of the Note. - Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.

The qualifying DTI on the loan is at least xx% less than the guideline maximum.		 Documented reserves exceeds [redacted] of requirement.

Residual Income is [redacted] or more than requirement.

Total debt [redacted] or more above requirement.		 Owner

Originator,Owner

Owner

Originator,Owner

Owner

Owner,Originator		 Reviewer Comment (2022-03-11): Lender approved exception for WVOEs for both Borrowers dated post closing.


Reviewer Comment (2022-02-22): The Verification of Employment Report is dated post closing and is not acceptable.  Provide a Verification of Employment within ten days of closing per guidelines.


Seller Comment (2022-02-16): VOE for [Redact].
 03/11/2022 2 B FL Primary Purchase C B C B B B A A Non QM Non QM No
216770663 437220380 24433063 Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. Please provide the Rate Lock documentation. Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B FL Primary Purchase B B A A B B A A Non QM Non QM No
216770665 437220372 24421250 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant xx [redacted] prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least [redacted] prior to closing. Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B CA Primary Refinance - Rate/Term B B A A B B A A Non QM Non QM No
216770665 437220372 24421251 Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B CA Primary Refinance - Rate/Term B B A A B B A A Non QM Non QM No
216770667 437220386 24423954 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule[redacted]: Creditor did not provide a copy of each valuation to applicant xx [redacted] prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at[redacted] prior to closing. Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B CA Investment Refinance - Cash-out - Other C B C B C B C A N/A Exempt from ATR No
216770667 437220386 24423955 Compliance Compliance Federal Compliance TILA TILA - Impermissible Prepayment Penalty Truth in Lending Act [redacted]: Covered transaction contains impermissible prepayment penalty. Loan being tested as QM due to missing Business Purpose Certification, Loan Summary Comparison, and Occupancy Certification.  Please prove the disclosures. Reviewer Comment (2022-03-22): Client provided Occupancy Certification stating property will be used for an investment property.


Seller Comment (2022-03-17): Occupancy cert attached


Reviewer Comment (2022-02-11): still missing the business purpose cert and occupancy cert.


Seller Comment (2022-02-07): Conditions appears invalid - Please advise..
 03/22/2022 1 A CA Investment Refinance - Cash-out - Other C B C B C B C A N/A Exempt from ATR No
216770667 437220386 24423964 Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. No evidence of provider list in file. Reviewer Comment (2022-03-24): Business Purpose
 03/24/2022 1 A CA Investment Refinance - Cash-out - Other No Defined Cure C B C B C B C A N/A Exempt from ATR No
216770667 437220386 24424635 Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Timing ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within[redacted]of the loan application date. Being tested as QM due to missing disclosure. Please provide. Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B CA Investment Refinance - Cash-out - Other C B C B C B C A N/A Exempt from ATR Yes
216770667 437220386 24424636 Compliance Compliance Federal Compliance TRID Defect TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within [redacted] days of application. Loan estimate of Loan estimate within [redacted] of application. Loan being tested as QM due to missing Business Purpose Certification, Loan Summary Comparison, and Occupancy Certification.  Please prove the disclosures. Reviewer Comment (2022-03-24): Business Purpose


Seller Comment (2022-03-23): Initial LE in file dated [Redact] not [Redact].  Please double check and if not able to cure let us know why the [Redact] initial LE does not cure this exception.
 03/24/2022 1 A CA Investment Refinance - Cash-out - Other No Defined Cure C B C B C B C A N/A Exempt from ATR No
216770667 437220386 24424649 Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least[redacted] prior to closing. No additional loan estimate provided for review. Reviewer Comment (2022-03-23): [Redact] received [Redact] LE received the same day issued.


Seller Comment (2022-03-22): Signed [Redact] LE attached


Reviewer Comment (2022-02-08): Consummation occurred on [Redact] per security instrument. The LE does not indicate receipt therefore the mailbox rule is used for a receipt date of [Redact] which is less than 4 business days prior to consummation. If the LE was received [Redact] please provide documentation for review.


Seller Comment (2022-02-07): The loan did not close until[Redact] and funded[Redact]
 03/23/2022 1 A CA Investment Refinance - Cash-out - Other No Defined Cure C B C B C B C A N/A Exempt from ATR No
216770667 437220386 24425047 Property Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. - 442 not provided for subject to appraisal. Reviewer Comment (2022-02-23): 442 dated [Redact] verifying smoke and carbon monox provide detectors installed. Exception cleared.


Seller Comment (2022-02-17): 1004D
 02/23/2022 1 A CA Investment Refinance - Cash-out - Other C B C B C B C A N/A Exempt from ATR No
216770667 437220386 24425255 Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within 10 business days of the Note. - Reviewer Comment (2022-02-23): VVOE dated xx/xx/xxxx provided. Exception cleared.


Seller Comment (2022-02-17): Google search for business.


Seller Comment (2022-02-17): VVOE
 02/23/2022 1 A CA Investment Refinance - Cash-out - Other C B C B C B C A N/A Exempt from ATR No
216770667 437220386 24534044 Credit Guideline Guideline Issue Guideline The representative credit score does not meet guideline minimum. FICO: ___ Borrower has no credit score. Lender Exception provided, however there are no Compensating Factors. Please provide. The qualifying DTI on the loan is at least xx% less than the guideline maximum.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Borrower's has minimal debt and total debt is more than [redacted] under requirement.

Borrower has documented reserves [redacted] of requirement not including cash out to Borrower.

Residual income is greater than [redacted].		 Originator Pre-Close,Owner

Originator Pre-Close,Owner

Owner

Originator Pre-Close,Owner

Owner		 Reviewer Comment (2022-02-23): Lender approved exception


Reviewer Comment (2022-02-23): Lender approved exception for cash out refinance for an investment property for Borrower with no credit score and max LTV of [Redact].


Seller Comment (2022-02-16): Exception Approval for no credit score.
 02/23/2022 2 B CA Investment Refinance - Cash-out - Other C B C B C B C A N/A Exempt from ATR No
216770667 437220386 25150620 Credit Credit Miscellaneous Guideline Credit Exception: Please provide the Business Purpose Certification. Reviewer Comment (2022-03-31): Business Purpose Cert received.


Seller Comment (2022-03-29): Business Purpose attached
 03/31/2022 1 A CA Investment Refinance - Cash-out - Other C B C B C B C A N/A Exempt from ATR No
216771853 437221112 24434558 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of [redacted]exceeds tolerance of $x,xx.  Insufficient or no cure was provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-01-20): [Redact] received PCCD with LOE with fee moved to section H.


Seller Comment (2022-01-20): please see attached pccd docs
 01/20/2022 1 A FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
216771853 437221112 24439262 Credit Credit Miscellaneous Guideline Credit Exception: The canceled  checks in file verifies X months of rental payments by the borrower to a private party. Please provide the Lease. Reviewer Comment (2022-01-25): Lease agreement provided in trailing documents. Exception cleared.


Seller Comment (2022-01-20): see attached uw lox and leases
 01/25/2022 1 A FL Primary Purchase C A C A C A A A Non QM Non QM No
216771954 437220354 24427971 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Prepayment Penalty Amount TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with a prepayment payment disclosed the maximum prepayment penalty amount that does not match the actual maximum amount for the loan. CD does not take into account the [redacted]. Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B CA Investment Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D B D A B B A A N/A Exempt from ATR Yes
216771954 437220354 24433547 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided Business Purpose Certificate and Cash-Out Utilization is missing from the file.  Please provide. Loan testing as QM without these items. Reviewer Comment (2022-04-04): Business Purpose Cert received.


Seller Comment (2022-04-01): Business Purpose Cert attached


Reviewer Comment (2022-02-01): Provide documentation that shows how loan was originated i.e., Non-QM or Business Purpose.


Seller Comment (2022-01-28): Bank Statement transaction - appears to be an invalid condition
 04/04/2022 1 A CA Investment Refinance - Cash-out - Other D B D A B B A A N/A Exempt from ATR No
216771955 437220367 24434014 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Purchase Agreement / Sales Contract not provided Sales Contract Addendum not provided to show Final Contract Price of[redacted] Reviewer Comment (2022-02-23): Received


Seller Comment (2022-02-21): Addendum to purchase agreement


Reviewer Comment (2022-01-25): No new, material documentation received. Please forward the Purchase Contract Addendum with the updated price of $[Redact]


Seller Comment (2022-01-21): Sales Contract
 02/23/2022 1 A CA Investment Purchase D B D A B B A A N/A Exempt from ATR No
216771955 437220367 24536048 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant[redacted] prior to consummation. Provide all appraisals and evidence they were all sent to the borrower [redacted] prior to closing. Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B CA Investment Purchase D B D A B B A A N/A Exempt from ATR No
216772375 437221190 24426748 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA/Condo Questionnaire.  Fee Amount of $xxx,xx exceeds tolerance of $xxx,xx.  Sufficient or excess cure was provided to the borrower at Closing. HOA/Condo Questionnaire Fee Amount increased form amount disclosed on loan estimate. lender credit provided. Reviewer Comment (2022-01-06): Sufficient Cure Provided At Closing
 01/06/2022 1 A MO Second Home Purchase Final CD evidences Cure D A C A A A D A Non QM Non QM Yes
216772375 437221190 24427927 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 Reviewer Comment (2022-01-25): CDA not required - [Redact] UCDP provided verifying a CU score of 2.0. Exception cleared.


Seller Comment (2022-01-20): Good afternoon. Please review the attached to clear this condition. Thank you.
 01/25/2022 1 A MO Second Home Purchase D A C A A A D A Non QM Non QM No
216772375 437221190 24427987 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Reviewer Comment (2022-01-25): Client provided xxx spreadsheet.


Seller Comment (2022-01-20): Good afternoon. Please review the attached income calculation worksheet, thank you.
 01/25/2022 1 A MO Second Home Purchase D A C A A A D A Non QM Non QM No
216772375 437221190 24428176 Credit Missing Document General Missing Document Missing Document: Bank Statements - Business not provided Please forward xx/xx bank statement for xxx acct #xxxx. Reviewer Comment (2022-01-28): xxx xxx xxxx bank statement for acct xxxx provided. Exception cleared.


Seller Comment (2022-01-26): Good morning. Please refer to the attached to clear/satisfy this underwriting condition. Thank you.
 01/28/2022 1 A MO Second Home Purchase D A C A A A D A Non QM Non QM No
216772375 437221190 24433641 Credit Credit Miscellaneous Guideline Credit Exception: The VOR's in file reflect rent paid by the borrower to a private party. Bank Statements verify rent paid for x/xx, x/xx, x/xx and xx/xx. Please provides Lease the cancelled checks or bank statements for X additional months rent. Reviewer Comment (2022-01-25): Rental history verified by bank statements and printout provided. Exception cleared.


Seller Comment (2022-01-20): Good afternoon. Please review the attached documentation to clear and satisfy this condition, thank you.
 01/25/2022 1 A MO Second Home Purchase D A C A A A D A Non QM Non QM No
216779441 437221186 24442278 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule [redacted]: Borrower waived right to receive a copy of the appraisal at[redacted] prior to closing, and appraisal was not provided at or before closing. .             Provide all appraisals and evidence they were all sent to the borrower at least [redacted] prior to closing. Reviewer Comment (2022-02-01): Seller elects to waive this exception.


Seller Comment (2022-02-01): please review and waive.


Seller Comment (2022-01-20): Seller requests buyer review: EV2, please waive.
 02/01/2022 2 B CT Primary Purchase C B C A C B A A Non QM Non QM No
216779441 437221186 24537224 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Payment statement for the borrower's other owned property  reflects a higher PITIA than the 1003. Increase in monthly REO debt increases DTI over Approval of [redacted].  1008 missing from the loan file. Reviewer Comment (2022-01-26): Borrower not obligated on mortgage for other property. Exception cleared.


Seller Comment (2022-01-24): Good afternoon. Please review the attachment memorandum and mortgage statement to clear/satisfy this suspense condition. Thank you.
 01/26/2022 1 A CT Primary Purchase C B C A C B A A Non QM Non QM No
216779441 437221186 24537238 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay [redacted]: Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. [redacted] Reviewer Comment (2022-01-27): Client provided documentation showing borrower is not responsible for mortgage on property located at [Redact].


Seller Comment (2022-01-24): Good afternoon. Please review the attachment memorandum and mortgage statement to clear/satisfy this suspense condition. Thank you.
 01/27/2022 1 A CT Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C A C B A A Non QM Non QM Yes
216779441 437221186 24537239 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay [redacted]: Based on the loan failing one or more guideline components, the loan is at ATR risk. Payment statement for the borrower's other owned property  reflects a higher PITIA than the 1003. Increase in monthly REO debt increases DTI over Approval of [redacted].  1008 missing from the loan file. Reviewer Comment (2022-01-27): Client provided documentation showing borrower is not responsible for mortgage on property located at [Redact].


Seller Comment (2022-01-24): Good afternoon. Please review the attachment memorandum and mortgage statement to clear/satisfy this suspense condition. Thank you.
 01/27/2022 1 A CT Primary Purchase C B C A C B A A Non QM Non QM No
216779441 437221186 24537240 Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and [redacted] of [redacted] significantly exceeds the guideline maximum of [redacted] (DTI Exception requires compelling compensating factors to consider regrading to [redacted]) Payment statement for the borrower's other owned property  reflects a higher PITIA than the 1003. Increase in monthly REO debt increases DTI over Approval of [redacted].  No evidence in the file that the property was sold. 1008 missing from the loan file. Reviewer Comment (2022-01-26): Borrower not obligated on mortgage for other property. Exception cleared.


Seller Comment (2022-01-24): Good afternoon. Please review the attachment memorandum and mortgage statement to clear/satisfy this suspense condition. Thank you.
 01/26/2022 1 A CT Primary Purchase C B C A C B A A Non QM Non QM No
216779441 437221186 24628196 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided Reviewer Comment (2022-01-31): Client provided 1008.


Seller Comment (2022-01-27): see attached 1008
 01/31/2022 1 A CT Primary Purchase C B C A C B A A Non QM Non QM No
216779441 437221186 24628386 Credit Credit Miscellaneous Guideline Credit Exception: Provide revised 1003 removing xxx borrower is not responsible for loan on this property. Reviewer Comment (2022-01-31): Client provided revised 1003 removing property that borrower does not own.


Seller Comment (2022-01-27): As per your request, I am providing a revised 1003 removing [Redact], ; borrower is not responsible for loan on this property.
 01/31/2022 1 A CT Primary Purchase C B C A C B A A Non QM Non QM No
216779443 437220536 24433338 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Loan Discount Points fee listed on the Loan Estimate [redacted] is less than the Final Closing Disclosure amount of [redacted]. Fee increased, no cure provided to the borrower. Provide cure or VCC to the borrower with PC CD and evidence that it was sent to the borrower with explanation Reviewer Comment (2022-01-24): [Redact] Received COC dated [Redact] showing a valid reason for change in fees. No additional cure is needed.


Seller Comment (2022-01-21): PCCD COC
 01/24/2022 1 A TX Investment Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A N/A Exempt from ATR Yes
216779443 437220536 24433850 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule [redacted]: Borrower waived right to receive a copy of the appraisal at least [redacted] prior to closing, and appraisal was not provided at or before closing. Please provide all appraisals and evidence that it was sent to the borrower at [redacted] prior to closing Reviewer Comment (2022-01-24): Proof of receipt of appraisal provided in trailing documents. Exception cleared.


Seller Comment (2022-01-24): Please advise on condition being cleared.


Seller Comment (2022-01-20): Appraisal Waiver


Seller Comment (2022-01-20): Appraisal
 01/24/2022 1 A TX Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216779443 437220536 24433851 Compliance Compliance Federal Compliance TILA TILA - Impermissible Prepayment Penalty Truth in Lending Act [redacted]: Covered transaction contains impermissible prepayment penalty. Testing for QM since Business Purpose Certification/cash out utilization LOE is missing. Please provide Business Purpose Cert/cash out utilization LOEso testing can be rerun. Reviewer Comment (2022-02-23): Client provided copy of signed Business Purpose Certificate.


Seller Comment (2022-02-17): BPL


Reviewer Comment (2022-01-24): Missing Loan Summary Comparison disclosure that compares an alternative mortgage loan without a prepayment penalty. Exception remains


Seller Comment (2022-01-24): Please advise on status of condition.


Seller Comment (2022-01-20): Non QM
 02/23/2022 1 A TX Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216779443 437220536 24433852 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within[redacted] of application. Initial Loan Estimate dated[redacted]was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. Reviewer Comment (2022-02-24): Initial LE issued [Redact] and was signed electronically on [Redact].


Reviewer Comment (2022-01-21): [Redact] The loan application date was [Redact]. The consumer went through the E-Consent process on [Redact] and acknowledged the receipt of the LE on [Redact]. In the event the consumer had not provided E-Consent by [Redact], then the lender should have sent the consumer the Loan Estimate through another means to comply with the 3 day LE timing requirement. Proof of the LE being sent alternative method is required to Clear.


Seller Comment (2022-01-20): Disclosure Tracking
 02/24/2022 1 A TX Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216779443 437220536 24433964 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Prepayment Penalty Amount TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on[redacted]with a prepayment payment disclosed the maximum prepayment penalty amount that does not match the actual maximum amount for the loan. Testing for QM since Business Purpose Certification/cash out utilization LOE is missing. Please provide Business Purpose Cert/cash out utilization LOEso testing can be rerun. Reviewer Comment (2022-02-23): Client provided copy of signed Business Purpose Certificate.


Seller Comment (2022-02-23): Please advise what the cure amount should be.


Reviewer Comment (2022-01-24): Prepayment penalty is set at $72 Cedar Hill Road on the final CD, Note addendum indicates maximum prepayment penalty should be $72 Cedar Hill Road.  Cure required.


Seller Comment (2022-01-20): Non QM
 02/23/2022 1 A TX Investment Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C A C A C A A A N/A Exempt from ATR Yes
216779443 437220536 24437084 Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within 10 calendar days of the Note. - VVOE w/in [redacted]prior to the Note Date required. Reviewer Comment (2022-01-24): VOE within 10 days of note provided in trailing documents. Exception cleared.


Seller Comment (2022-01-24): Please advise on status of condition


Seller Comment (2022-01-21): VVOE
 01/24/2022 1 A TX Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216779444 437220341 24429430 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of [redacted]exceeds tolerance of [redacted]  Insufficient or no cure was provided to the borrower. Survey fee was not listed on the Loan Estimate. Fee increased from [redacted] Final Closing Disclosure. No cure provided to the borrower. Provide VCC or cure to the borrower with PC CD and evidence that it was sent to the borrower with an explanation Reviewer Comment (2022-02-18): [Redact] received attestation letter, exception is cleared.


Seller Comment (2022-02-18): Attestation letter


Reviewer Comment (2022-02-17): [Redact] agree with below comment and would accept an attestation confirming this. The attestation should confirm that the service was outsourced by the borrower-chosen provider and should be on either the provider's or the lender's letterhead. This attestation would allow us to test the fee under the no tolerance category with the understanding that the new fee added on the CD was imposed by a provider through which the borrower indirectly selected. If the borrower elected to have survey completed on their own then a Corrected CD moving the fee to Section H and LOE to borrower is required.


Seller Comment (2022-02-16): we do not required the survey.


Reviewer Comment (2022-02-11): If the lender required the survey fee then a cure is due to the borrower for not previously disclosing the fee. If the borrower-chosen service provider further outsourced the Survey Fee, we would accept an attestation confirming this. The attestation should confirm that the service was outsourced by the borrower-chosen provider and should be on either the provider's or the lender's letterhead. This attestation would allow us to test the fee under the no tolerance category with the understanding that the new fee added on the CD was imposed by a provider through which the borrower indirectly selected. If the borrower elected to have survey completed on their own then a Corrected CD moving the fee to Section H and LOE to borrower is required.


Seller Comment (2022-02-10): Please see attached the providers  - These fees are in Services the borrower can shop for. Please waive conditions.
 02/18/2022 1 A NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216779444 437220341 24436582 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Not Have Escrow -  Reason TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. The Declined box was not checked on the Final CD, page 4. Reviewer Comment (2022-03-10): [Redact]  received Corrected CD and LOX.


Seller Comment (2022-03-08): borrower letter and PCCD


Reviewer Comment (2022-02-11): [Redact] No new documents received. Exception remains.


Seller Comment (2022-02-10): Will request once the Cost over year 1 has been cleared for its invalid..
 03/10/2022 2 B NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
216779445 437220304 24426637 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule [redacted]: Creditor did not provide List of Homeownership Counseling Organizations to borrower. Creditor did not provide List of Homeownership Counseling Organizations to borrower. Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B MI Second Home Refinance - Cash-out - Other C B C B C B A A Non QM Non QM No
216779445 437220304 24426660 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. The Appraisal Fee. was disclosed to the borrower on the loan estimate as [redacted] but it appeared on the second loan estimate as[redacted] with no cure provided Reviewer Comment (2022-02-16): [Redact] received  VCC, exception is cleared.


Seller Comment (2022-02-15): Please see COC


Reviewer Comment (2022-01-24): [Redact] upon further review fee increased to $[Redact] on LE dated [Redact] from $[Redact] on LE dated [Redact] and there is no valid COC in file.As fee come under 0% tolerance hence please provide valid COC for LE dated [Redact] or need cure.


Seller Comment (2022-01-21): LE was redisclosed for the increased fee - we are incompliance - Condition appears to be invalid, please advise. thank You!
 02/16/2022 1 A MI Second Home Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
216779445 437220304 24436510 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - County Taxes not provided for Investment Property Reviewer Comment (2022-02-22): Client provided tax document for Other REO Property.


Seller Comment (2022-02-22): Property taxes and Underwriting Memo for REO


Seller Comment (2022-02-15): REO Docs for property [Redact]
 02/22/2022 1 A MI Second Home Refinance - Cash-out - Other C B C B C B A A Non QM Non QM No
216779445 437220304 24537535 Credit Credit Miscellaneous Guideline Credit Exception: The subject is a log home which is an unacceptable property type. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrower has verified disposable income of at least $xxxx.xx.		 Lender Exception with Comp Factors provided for regrade and waive. Originator,Owner

Owner		 Reviewer Comment (2022-01-19): Lender Exception with Comp Factors provided for regrade and waive.
 01/19/2022 2 B MI Second Home Refinance - Cash-out - Other C B C B C B A A Non QM Non QM No
216779445 437220304 24537567 Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - Please provide[redacted]statements for account[redacted] Reviewer Comment (2022-02-25): [Redact] statements for [Redact] provided for [Redact] [Redact] through [Redact] [Redact]. Exception set for [Redact] statement.


Seller Comment (2022-02-23): Missing [Redact] statement and Exception Approval.
 02/25/2022 1 A MI Second Home Refinance - Cash-out - Other C B C B C B A A Non QM Non QM No
216779445 437220304 24885247 Credit Missing Document General Missing Document Missing Document: Bank Statements - Personal not provided [redacted] statement for account [redacted] for the month of[redacted] is not included in the file. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrower has verified disposable income of at least $xxxx.xx.		 Lender Exception with Comp Factors provided for regrade and waive. Originator,Owner

Owner		 Reviewer Comment (2022-02-25): Lender approved exception for missing [Redact] [Redact] statement.
 02/25/2022 2 B MI Second Home Refinance - Cash-out - Other C B C B C B A A Non QM Non QM No
216779446 437220294 24463138 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule [redacted]: Creditor did not provide List of Homeownership Counseling Organizations to borrower. Please provide proof that the List of Homeownership Counseling Organizations was sent to the borrower the document is not in imaging Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B CA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216779446 437220294 24463332 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over [redacted] on Final Closing Disclosure provided on [redacted] not accurate. The final closing disclosure shows the estimated cost over [redacted], however the correct amount is  [redacted] using the tax amount on the preliminary  title of [redacted]   HOI [redacted]. Lender used a monthly amount of [redacted] for taxes but title amount is [redacted]. Reviewer Comment (2022-02-18): Exception was cured prior to discovery


Seller Comment (2022-02-16): PCCD and borrower Letter
 02/18/2022 2 B CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
216779446 437220294 24463333 Compliance Compliance Federal Compliance TILA ARM Disclosure Status Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. Please provide proof that the ARM Disclosure was sent to the borrower Reviewer Comment (2022-03-23): Provided as trailing docs


Seller Comment (2022-03-21): ARM disclosure attached


Reviewer Comment (2022-02-23): Home Loan Toolkit booklet provided. ARM Loan Program Disclosure not included. Provide a copy of the ARM Loan Program Disclosure delivered to Borrower when loan was locked as an ARM loan. Exception remains.


Seller Comment (2022-02-16): Booklet
 03/23/2022 1 A CA Primary Refinance - Cash-out - Other No Defined Cure C B A A C B A A Non QM Non QM No
216779446 437220294 24463334 Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. Please provide proof that the CHARM Booklet was sent to the borrower Reviewer Comment (2022-03-23): Provided as trailing docs


Seller Comment (2022-03-21): CHARM booklet attached


Reviewer Comment (2022-02-23): Home Loan Toolkit booklet provided. CHARM Booklet proof of delivery to Borrower when loan was locked as an ARM was not included. Provide proof of delivery and acknowledgement.


Seller Comment (2022-02-16): booklet uploaded
 03/23/2022 1 A CA Primary Refinance - Cash-out - Other No Defined Cure C B A A C B A A Non QM Non QM No
216779984 437221121 24436925 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $xxx,xx exceeds tolerance of $xxx,xx.  Sufficient or excess cure was provided to the borrower at Closing. Appraisal fee listed on the Loan Estimate $xxx,xx. Fee increased to $xxx,xx Final Closing Disclosure. A cure was provided at close. Reviewer Comment (2022-01-07): Sufficient Cure Provided At Closing
 01/07/2022 1 A FL Primary Purchase Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
216779984 437221121 24436977 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $xxx,xx exceeds tolerance of $x,xx.  Sufficient or excess cure was provided to the borrower at Closing. Appraisal Desk Review fee was not listed on the Loan Estimate. Fee increased from $x,xx to $xxx,xx Final Closing Disclosure. A cure was provided at close. Reviewer Comment (2022-01-07): Sufficient Cure Provided At Closing
 01/07/2022 1 A FL Primary Purchase Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
216779984 437221121 24438802 Credit 1003 Document Error 1003 Borrower(s) is not a U.S. Citizen, and the guideline required documentation was not provided. - Citizenship for Co  Borrower not provided Reviewer Comment (2022-01-26): Borrower attestation of citizenship provided.


Seller Comment (2022-01-24): Good morning. Please review the attached fully executed letter form the co-borrower regarding USA residency status, thank you.
 01/26/2022 1 A FL Primary Purchase C A C A A A A A Non QM Non QM No
216779984 437221121 24441698 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Please provide the Estimated Replacement Cost documentation to support covered amount, or increase coverage to satisfy loan amount. Reviewer Comment (2022-01-31): Client provided Letter from the insurance company that states the property is insured for the cost to rebuild the home.  Replacement Cost Estimates are not available in the state of [Redact].


Seller Comment (2022-01-27): Please review the attached from the borrowers homeowners insurance company. It clearly states that the the insurance company insures the cost to rebuild the home. Please clear this condition, thank you.


Reviewer Comment (2022-01-25): If unable to obtain Replacement Cost Estimator increased coverage would be required to clear this exception.


Seller Comment (2022-01-25): Please waive this condition. This subject property is located in the State of[Redact]. Recent legislation does not allow us to request RCE from insurance agents any longer.


Reviewer Comment (2022-01-25): The insurance document states the Loss Settlement Basis is Replacement Cost.  In order to use the coverage amount of $[Redact], the policy needs to state it is Guarantee Replacement Coverage.  Provide Replacement Cost Estimator or insurance document with increased coverage.


Seller Comment (2022-01-20): Good afternoon. Please review the attached memorandum and supporting documentation to satisfy and clear this condition. Thank you.


Seller Comment (2022-01-19): Please see attached RCE showing [Redact] which matches the HOI Policy coverage amount. Please waive this condition as the borrower is only required to cover the RCE amount.
 01/31/2022 1 A FL Primary Purchase C A C A A A A A Non QM Non QM No
216780962 437220619 24495676 Credit Property - Appraisal General Appraisal Requirements Property - Appraisal Valuation Error: Subject photos are missing or not legible. - Valuation is showing several pictures as black due to they were taken at night.  Front of the [redacted]and bathrooms. Reviewer Comment (2022-01-25): Received appraisal with clearer photos of front of subject and [Redact] bathrooms.  Exception cleared.


Seller Comment (2022-01-21): Appraisal Report with colored pictures uploaded.
 01/25/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A A A N/A Exempt from ATR No
216780962 437220619 24499051 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - File missing payment information for payment of [redacted] for [redacted] XXXX Court as on final 1003 as taxes and insurance are included in payment.
File missing mortgage payment for [redacted]for mortgage payment for[redacted] per final 1003. Mortgage statement in file reflects [redacted]
File missing mortgage payment source for [redacted] for [redacted] per final 1003 mortgage statement in file reflects [redacted].
File missing proof of tax payment for [redacted].
File missing documentation of concurrent refi with [redacted]per final 1008.		 Reviewer Comment (2022-02-25): Mortgage statement for [Redact] and AVM for property located at [Redact] verifying property value provided. Lender qualified with tax payment estimated at[Redact] of property value. Exception cleared for both properties.


Seller Comment (2022-02-23): Property tax rate in [Redact] is[Redact] of the sales price.  Per attached property profile [Redact] was purchased by the borrower in [Redact] [Redact] for $[Redact]. [Redact] x $[Redact] =  $[Redact]/12 = $[Redact].


Seller Comment (2022-02-23): [Redact] Mortgage Statement


Reviewer Comment (2022-02-23): Final executed CD dated [Redact] provided for the property located at [Redact]. Still outstanding is the statement for the property located at [Redact] and the verification of taxes for the property located at [Redact]. Exception remains.


Seller Comment (2022-02-19): Updated 1003


Seller Comment (2022-02-17): Final CD's for [Redact] and for [Redact] uploaded.


Seller Comment (2022-02-17): Note for [Redact] and for [Redact] provided. These loans were concurrent Refinances. Mortgage statement for [Redact] provided.
 02/25/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A A A N/A Exempt from ATR No
216781280 437221140 24431492 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. Please provide a post-disaster inspection after the remnants of [redacted]. Reviewer Comment (2022-01-25): Appraisal completed xx/xx/xx which is after the Disaster End Date of xx/xx/xx.  Property did not suffer damage from Remnants of [Redact].


Seller Comment (2022-01-24): Good morning. The attached appraisal came back onxx/xx/xxxx after the remnants of [Redact]. The FEMA disaster inspection should not be required. Please waive this condition, thank you.
 01/25/2022 1 A NY Investment Purchase D A C A D A No
216781280 437221140 24431522 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Appraisal is missing.; Sec ID: 1 Please provide the Appraisal Report. Reviewer Comment (2022-01-21): Appraisal provided in trailing documents. Exception cleared.


Seller Comment (2022-01-19): Good afternoon. Please review the attached appraisal, thank you.
 01/21/2022 1 A NY Investment Purchase D A C A D A No
216781280 437221140 24431538 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Please provide an update hazard insurance policy with [redacted] dwelling coverage, or a replacement cost estimate in the amount of $xxx,xxx,xx. Hazard insurance coverage shortfall of $xx,xxx,xx. Reviewer Comment (2022-01-25): Insurance Binder shows Dwelling with full replacement cost of $[Redact] which is more than the principal balance on the loan and is acceptable per guidelines.


Seller Comment (2022-01-19): Good afternoon. Please review the attached. Borrower has acceptable homeowners insurance coverage for the subject property. Thank you.
 01/25/2022 1 A NY Investment Purchase D A C A D A No
216781280 437221140 24529544 Credit Missing Document General Missing Document Missing Document: Stated not provided Appraisal with an Effective Date of xx/xx/xxcc and value of $x,xxx.xx, is missing from the loan file. Reviewer Comment (2022-01-21): Appraisal provided in trailing documents. Exception cleared.


Seller Comment (2022-01-19): Good afternoon. Please review the attached appraisal, with effective date ofxx/xx/xxxx and value of $[Redact]. Thank you.
 01/21/2022 1 A NY Investment Purchase D A C A D A No
216781521 437221152 24439184 Credit Insurance Insurance Analysis Insurance The Hazard Insurance Policy effective date is after the Note Date. Hazard Insurance Policy Effective Date ___, Note Date ___ Policy effective date is x.x.xxxx. Reviewer Comment (2022-01-26): Binder provided in trailing documents effective as of the date of closing. Exception cleared.


Seller Comment (2022-01-24): Good afternoon. Please review the attached. Thank you.
 01/26/2022 1 A RI Investment Purchase C A C A A A No
216781534 437221150 24443880 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Reviewer Comment (2022-02-07): Documentation received.  Exception cleared. [Redact].


Seller Comment (2022-02-03): see attached hoi
 02/07/2022 1 A NY Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216781534 437221150 24443904 Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided 01/25/2022 1 A NY Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216781537 437221018 24449886 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 01/28/2022 1 A WA Primary Purchase C A C A C A A A Non QM Non QM No
216781537 437221018 24450004 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - 01/28/2022 1 A WA Primary Purchase C A C A C A A A Non QM Non QM No
216781537 437221018 24450433 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] prior to closing. 01/27/2022 1 A WA Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
216781537 437221018 24450726 Credit Missing Document General Missing Document Incomplete Document: 1003 Final is incomplete Reviewer Comment (2022-02-07): Client provided revised 1003 with correct income.


Seller Comment (2022-02-02): • Final 1003 pointing out where the self-employment income is disclosed on pg 1
 02/07/2022 1 A WA Primary Purchase C A C A C A A A Non QM Non QM No
216781555 437221117 24443632 Credit Missing Document General Missing Document Missing Document: Stated not provided Please provide the "other" insurance binder for the payment reflected on the final CD. Reviewer Comment (2022-01-21): Received Evidence of insurance for the hazard and wind coverage.  Exception is cleared.


Seller Comment (2022-01-19): see attached windstorm policy
 01/21/2022 1 A FL Investment Purchase C A C A A A No
216781555 437221117 24443646 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Please provide hazard insurance coverage of $xxx,xxx,xx, or a replacement cost estimator of $xxx,xxx,xx. Hazard insurance coverage shortfall of $xx,xxx,xx. Reviewer Comment (2022-01-21): Received Evidence of insurance for the hazard and wind coverage.  Exception is cleared.


Seller Comment (2022-01-20): see attached uw lox and hoi policy
 01/21/2022 1 A FL Investment Purchase C A C A A A No
216782942 437221180 24442059 Credit Insurance Insurance Analysis Insurance The Hazard Insurance Policy effective date is after the Note Date. Reviewer Comment (2022-01-25): Received policy with updated policy effective dates. Exception cleared.


Seller Comment (2022-01-20): see updated hoi
 01/25/2022 1 A NY Investment Purchase C A C A A A No
216783020 437220639 24460810 Compliance Compliance Federal Compliance TILA TILA - Impermissible Prepayment Penalty Truth in Lending Act [redacted]: Covered transaction contains impermissible prepayment penalty. Provide Loan Comparison Summary, Business Purpose Certificate, and Occupancy Certificate. Reviewer Comment (2022-01-26): Client provided Business Purpose Letter of Explanation stating funds will be used for home improvements.


Seller Comment (2022-01-24): Cash out letter states funds to be used for improvements to the subject property.  Please review and let us know if there is another reason you are not considering this a business purpose loan.


Reviewer Comment (2022-01-24): Exception is for missing a loan summary comparison disclosure comparing a subject loan to a loan without a prepayment penalty. Exception remains


Seller Comment (2022-01-20): Copy of Affidavit of Occupancy and Business Purpose Cert uploaded.
 01/26/2022 1 A CA Investment Refinance - Cash-out - Other C A A A C A A A N/A Exempt from ATR No
216783021 437220467 24459719 Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $XXXexceeds tolerance of $XXXplus [redacted]or $XXX  Sufficient or excess cure was provided to the borrower at Closing. Fee of $XXX,xx exceeds initially disclosed fee of $XXX,xx without a valid change in circumstance - Lender Credit of $XXX,xx is insufficient to cure Reviewer Comment (2022-01-11): Sufficient Cure Provided At Closing
 01/11/2022 1 A CA Primary Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
216783021 437220467 24459720 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $XXXexceeds tolerance of $XXX  Sufficient or excess cure was provided to the borrower at Closing. Fee of $XXXexceeds initially disclosed fee of $XXXthout a valid change in circumstance. Cure provided Reviewer Comment (2022-01-11): Sufficient Cure Provided At Closing
 01/11/2022 1 A CA Primary Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
216783055 437221102 24448220 Credit Title General Title Final Title Policy Coverage is less than Original Loan Amount. The Final Title Policy Amount of $xxx,xxx,xx is less than the note amount of $xxx,xxx,xx based on the Commitment in file. Reviewer Comment (2022-02-01): Requirement met.


Seller Comment (2022-01-31): see attached title
 02/01/2022 1 A NJ Primary Purchase C A C A A A A A Non QM Non QM No
216783058 437221111 24455823 Credit Credit Miscellaneous Guideline Credit Exception: The file contains [redacted]different Prepayment Addendums. Please clarify which Addendum applies. Reviewer Comment (2022-01-28): Screen shot reflecting correct PPP terms provided; exception cleared.


Seller Comment (2022-01-26): See attached PPP information


Reviewer Comment (2022-01-25): Provide documentation that confirms correct prepayment terms


Seller Comment (2022-01-21): Attached is the correct addendum at[Redact]
 01/28/2022 1 A FL Investment Purchase C A C A A A No
216783058 437221111 24455888 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-01-25): Business Purpose Certificate provided in trailing documents. Exception cleared.


Seller Comment (2022-01-24): See attached
 01/25/2022 1 A FL Investment Purchase C A C A A A No
216784306 437220286 24555238 Compliance Compliance Federal Compliance TILA TILA - Impermissible Prepayment Penalty Truth in Lending Act [redacted]: Covered transaction contains impermissible prepayment penalty. Reviewer Comment (2022-04-04): Busn purpose loan


Seller Comment (2022-04-01): Occupancy cert.  This loan should not be tested as a Non-QM loan but rather an exempt business purpose loan.


Reviewer Comment (2022-03-28): Unable to clear as loan was run as QM since there is no Business Purpose Certification and NOO Occupancy Certification.


Seller Comment (2022-03-24): The loan is the refinance of an existing rental property with no cash out.  This is a business purpose loan.  Please re-review and if unable to clear let us know the reason why.


Reviewer Comment (2022-01-21): Loan is not a business purpose loan, it was originated as Non-QM.


Seller Comment (2022-01-20): This is an investment property loan.  Please provide the reason a pre-payment penalty is not permitted on this loan.
 04/04/2022 1 A CA Investment Refinance - Rate/Term A A A A A A A A N/A Exempt from ATR No
216784309 437220397 24448470 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - The file is missing the mortgage statement or other documentation to confirm the PITIA for the recently purchased primary residence. Provide final CD for the purchase transaction closed on xXX/XX/XX. Reviewer Comment (2022-01-21): Client provided CD for recent purchase of primary residence showing PITIA in the amount of $xxx.


Seller Comment (2022-01-20): Final CD on primary residence showing PITIA amount
 01/21/2022 1 A CA Investment Refinance - Cash-out - Other C B C B A A A A N/A Exempt from ATR No
216784309 437220397 24529636 Credit Credit Miscellaneous Guideline Credit Exception: Borrower showing a trend of decreasing income. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive. Originator,Owner

Owner

Owner

Owner		 Reviewer Comment (2022-01-19): Lender Exception with Comp Factors provided for regrade and waive.
 01/19/2022 2 B CA Investment Refinance - Cash-out - Other C B C B A A A A N/A Exempt from ATR No
216784816 437221104 24449567 Credit Insurance Insurance Analysis Insurance The Hazard Insurance Policy effective date is after the Transaction Date. Hazard not effective at closing. Please provide valid updated Dec Page. Reviewer Comment (2022-01-27): Client provided revised insurance document with the policy term os [Redact] to [Redact].


Seller Comment (2022-01-25): Please see attached Updated HOI Dec.
 01/27/2022 1 A FL Primary Purchase C A C A A A A A Non QM Non QM No
216784816 437221104 24453132 Credit Credit Miscellaneous Guideline Credit Exception: The Note is documented on the Interest Only form, yet the number of IO months is blank. The Security Instrument, Rate Lock and CD do not indicate Interest Only. Please clarity and forward an updated Note. Reviewer Comment (2022-03-04): Corrected Fixed Rate note executed by Borrowers received. Exception cleared.


Seller Comment (2022-03-03): Please see attached tracking for the corrected Note


Seller Comment (2022-03-01): Please see the attached revised Note.
 03/04/2022 1 A FL Primary Purchase C A C A A A A A Non QM Non QM No
216784820 437221098 24462336 Credit Credit Miscellaneous Guideline Credit Exception: The loan file contained [redacted] Prepayment Addendums. Please clarify which Addendum applies. Reviewer Comment (2022-02-01): Client provided system screen shot showing the correct prepayment penalty is[Redact].


Seller Comment (2022-01-28): screenshot showing prepayment penalty


Reviewer Comment (2022-01-28): Provide documentation that confirms the correct prepayment terms, i.e., rate lock, loan approval, system screen shot or any other document that clearly shows the correct terms of the prepayment penalty.  In the absence of one of these documents, a written attestation stating the correct terms is acceptable.


Seller Comment (2022-01-27): Rider and PPA


Seller Comment (2022-01-25): The borrower is aware of the correct addedum.  I do not know what kind of proof you are requiring.  This has never been re-conditioned to provide proof??


Seller Comment (2022-01-25): You were sent 2 addedums in error. The one that I sent you is the correct addedum


Reviewer Comment (2022-01-24): Borrower signed two different prepayment addendums and no indication in file that the borrower was notified which version is accurate. Exception remains


Seller Comment (2022-01-20): Prepayment addendum
 02/01/2022 1 A CT Investment Refinance - Cash-out - Other C A C A A A No
216784820 437221098 24462420 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please forward the Business Purpose Certificate. Reviewer Comment (2022-01-24): Business Purpose Certificate provided in trailing documents. Exception cleared.


Seller Comment (2022-01-20): Prepayment addendum, Business Ourpose
 01/24/2022 1 A CT Investment Refinance - Cash-out - Other C A C A A A No
216784827 437221624 24466862 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least[redacted] prior to closing. File missing a copy of the Closing Disclosure sent on xx/xx/xx1 per the disclosure Tracking summary. Reviewer Comment (2022-01-26): [Redact] received [Redact] CD received [Redact].


Seller Comment (2022-01-25): Singh initial CD
 01/26/2022 1 A CA Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
216784827 437221624 24466977 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for[redacted].  Fee Amount of $xxx,xx exceeds tolerance of $x,xx.  Sufficient or excess cure was provided to the borrower at Closing. Zero Percent Fee Tolerance exceeded for xxx Fee. Fee Amount of $xxx,xx exceeds tolerance of $x,xx. Sufficient or excess cure was provided to the borrower at Closing Reviewer Comment (2022-01-11): Sufficient Cure Provided At Closing
 01/11/2022 1 A CA Primary Purchase Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
216784827 437221624 24475562 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $xxx,xx exceeds tolerance of $xxx,xx.  Sufficient or excess cure was provided to the borrower at Closing. Appraisal Fee was last disclosed as $xxx,xx on LE but disclosed as $xxx,xx on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $xx,xx, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-01-11): Sufficient Cure Provided At Closing
 01/11/2022 1 A CA Primary Purchase Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
216784827 437221624 24481530 Credit Guideline Guideline Issue Guideline Missing required income documentation . - Reviewer Comment (2022-01-28): Client provided 1099 Only - Uniform Expense Ratio (Method One) Worksheet and VOE.


Seller Comment (2022-01-25): VOE and Income worksheet
 01/28/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
216784828 437221375 24462095 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant[redacted] prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least[redacted]. Reviewer Comment (2022-04-08): Seller acknowledges exception.


Seller Comment (2022-02-10): Seller requests buyer review: Unable to clear.


Reviewer Comment (2022-02-04): As per disclosure tracking document, the appraisal report presumed received date is [Redact] which did not meet ECOA guideline. Please provide Appraisal report delivery proof to borrower 3 business days prior to closing date or provide appraisal waiver to clear the exception.


Seller Comment (2022-02-02): [Redact] is not required to provide acknowledgment of appraisal sent to the borrower, only proof [Redact] sent the appraisal to the borrower no more than 3 days prior to the note, which we did. Presumed received should not be considered.. Thanks you so much, CW


Reviewer Comment (2022-01-27): The appraisal delivery document shows the appraisal report was sent to borrower on [Redact] with a presumed received date of [Redact].  The appraisal report was not received by borrower at least three business days prior to consummation.


Seller Comment (2022-01-25): Proof appraisal delivery.
 04/08/2022 2 B GA Primary Refinance - Rate/Term C B C A B B A A Non QM Non QM No
216784828 437221375 24462096 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [redacted]exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-01-11): Sufficient Cure Provided At Closing
 01/11/2022 1 A GA Primary Refinance - Rate/Term Final CD evidences Cure C B C A B B A A Non QM Non QM Yes
216784828 437221375 24463317 Credit Credit Miscellaneous Guideline Credit Exception: Clarification required. The CPA letter provides the name of one company with a start date of [redacted] yet the Articles of Organization reflect a different name and start date of[redacted]. Additional documentation may be required upon discovery. Reviewer Comment (2022-02-23): Client provided LOX regarding business name discrepancy as well as revised 1003 showing correct name of business.


Seller Comment (2022-02-17): Uploaded [Redact] UW loe and corrected 1003.


Reviewer Comment (2022-02-04): Provide acceptable documentation explaining the relationship of [Redact] (company name listed on 1003) and [Redact] (company name on verification documents and CPA Letter).  If unrelated, indicate they are separate companies.
 Additional documentation may be required after clarification.
 Exception remains.


Seller Comment (2022-02-02): CPA


Seller Comment (2022-02-02): CPA documents
 02/23/2022 1 A GA Primary Refinance - Rate/Term C B C A B B A A Non QM Non QM No
216785894 437220316 24453404 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Reviewer Comment (2022-02-28): Received


Seller Comment (2022-02-24): Disaster re-inspection
 02/28/2022 1 A NJ Primary Purchase C B C A C B A A Non QM Non QM No
216785894 437220316 24453697 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-02-24): Client provided DRIVE Fraud Report.


Seller Comment (2022-02-21): Final FraudGuard/Drive report.
 02/24/2022 1 A NJ Primary Purchase C B C A C B A A Non QM Non QM No
216785894 437220316 24453941 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule [redacted]: Creditor did not provide List of Homeownership Counseling Organizations to borrower. Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B NJ Primary Purchase C B C A C B A A Non QM Non QM No
216785894 437220316 24453942 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] did not disclose Amount of Non-Escrowed Property Costs over Year 1 The final CD disclosed the Amount of Non-Escrowed Property Costs over Year[redacted]on page 4; however the HOA dues total [redacted] per year per valuation. Final CD reflects Estimated Taxes, Insurance & Assessments of [redacted] monthly, correct amount is[redacted]. Provide a post-close CD correcting the Escrow Account section on [redacted] and Estimated Taxes, Insurance & Assessments on [redacted]; and a copy of the letter of explanation letter sent to the borrower disclosing the changes made Reviewer Comment (2022-02-23): Seller acknowledges exception.


Reviewer Comment (2022-02-17): Downgraded to EV2-B


Seller Comment (2022-02-16): property not a PUD


Reviewer Comment (2022-01-21): The appraisal reflects a $[Redact] annual HOA fee which is not reports on the Final CD. Please forward the updated PC CD which includes the $[Redact] annual HOA fee and included as Non Escrowed Property Costs Year 1. Also provided evidence it was sent to the borrower with explanation letter.
 02/23/2022 2 B NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
216785894 437220316 24453943 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within [redacted] of application. Reviewer Comment (2022-03-24): [Redact] received attestation stating it was federal holiday on [Redact]  and therefore it is within time frame.


Seller Comment (2022-03-23): [Redact] of [Redact] was a federal holiday and as such [Redact] offices were closed.  Attached is the attestation regarding this.
 03/24/2022 1 A NJ Primary Purchase C B C A C B A A Non QM Non QM No
216785894 437220316 24454014 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of [redacted]exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. Survey Fee was last disclosed as [redacted]on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-03-02): [Redact] Received PCCD and LOE.


Seller Comment (2022-02-28): borrower Letter and PCCD
 03/02/2022 1 A NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216785894 437220316 24454147 Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Timing ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [redacted] of the loan application date. File missing proof of right to receive a copy of the Appraisal Disclosure within [redacted] of the loan application date. Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B NJ Primary Purchase C B C A C B A A Non QM Non QM Yes
216785894 437220316 24456056 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule[redacted]: Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Provide all appraisals and evidence they were all sent to the borrower [redacted] prior to closing. Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B NJ Primary Purchase C B C A C B A A Non QM Non QM No
216785896 437220420 24447481 Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. - Co-Borrower's final 1003 Section 5: Declaration indicates subject property will be occupied as primary residence. Co-Borrower's initial 1003 Section 5: Declaration indicates subject property will not be occupied as primary residence. Please clarify and correct accordingly. Reviewer Comment (2022-02-25): Client provided revised 1003 for co-borrower that states property will not be occupied as primary residence.


Seller Comment (2022-02-23): Updated 1003 and Underwriting memo
 02/25/2022 1 A CA Second Home Purchase D A D A C A A A Non QM Non QM No
216785896 437220420 24453094 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Purchase Agreement / Sales Contract not provided Please provide the  purchase agreement signed by all parties. Reviewer Comment (2022-02-23): Purchase agreement for subject property provided. Exception cleared.


Seller Comment (2022-02-21): Purchase Agreement


Seller Comment (2022-02-16): Contract
 02/23/2022 1 A CA Second Home Purchase D A D A C A A A Non QM Non QM No
216785896 437220420 24453852 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of[redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. The Loan Discount Points fees of [redacted] wasn't disclosed to the borrower on the loan estimate. File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-02-17): "[Redact] received valid COC document to clear this exception.


Seller Comment (2022-02-16): Purchase Transaction - Fees disclosed in section "c' not subject to the 10% tolerance -
 02/17/2022 1 A CA Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D A D A C A A A Non QM Non QM Yes
216785896 437220420 24453853 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - SubEscrow Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. The sub escrow fee of[redacted] wasn't disclosed to the borrower on the loan estimate. File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-02-22): [Redact] upon review there is no tolerance violence. The fee should be part of the 10% tolerance category and selected Shoppable override


Seller Comment (2022-02-17): Fees disclosed in section C are not subject to TRID Tolerance. Clear conditions.


Reviewer Comment (2022-02-17): "[Redact] fee disclosed in section C but the payee name matches with the SSPL and the provided list subject to 10% tolerance instead of showing in 0% tolerance . Please provided valid COC for the Title - Sub Escrow Fee  added on CD dated [Redact] or provide corrected PCCD fee moved to C to B or required cure in order to clear this exception.


Seller Comment (2022-02-16): COC for LE
 02/22/2022 1 A CA Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D A D A C A A A Non QM Non QM Yes
216785896 437220420 24453854 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Wire /Funding/ Disbursement Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. The Disbursement Fee of [redacted]  wasn't disclosed to the borrower on the loan estimate. File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-02-22): [Redact] upon review there is no tolerance violence. The fee should be part of the 10% tolerance category and selected Shoppable override


Reviewer Comment (2022-02-17): "[Redact] fee disclosed in section C but the payee name matches with the SSPL and the provided list subject to 10% tolerance instead of showing in 0% tolerance . Please provided valid COC for the Title - Wire /Funding/ Disbursement Fee added on CD dated [Redact] or provide corrected PCCD fee moved to C to B or required cure in order to clear this exception.


Seller Comment (2022-02-16): Purchase Transaction - Fees disclosed in section "c' not subject to the 10% tolerance -
Wire fees/no disbursement fees charged
 02/22/2022 1 A CA Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D A D A C A A A Non QM Non QM Yes
216785912 437220359 24460732 Compliance Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided Reviewer Comment (2022-01-25): Received.


Seller Comment (2022-01-21): Copy of note
 01/25/2022 1 A NC Primary Refinance - Rate/Term D A A A D A A A Non QM Non QM No
216785912 437220359 24461203 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule [redacted]: Creditor did not provide List of Homeownership Counseling Organizations to borrower. Reviewer Comment (2022-01-25): Received


Seller Comment (2022-01-21): Homewownership Couseling List
 01/25/2022 1 A NC Primary Refinance - Rate/Term D A A A D A A A Non QM Non QM No
216785912 437220359 24461205 Compliance Compliance Federal Compliance TILA ARM Disclosure Status Test TIL variable rate disclosure: [redacted] disclosure not provided to the borrower. Reviewer Comment (2022-03-23): Provided as trailing docs


Seller Comment (2022-03-21): [Redact] coc attached


Seller Comment (2022-03-21): [Redact] LE attached


Seller Comment (2022-03-21): ARM disclosure attached


Reviewer Comment (2022-01-25): Please provided the ARM Disclosure.
 03/23/2022 1 A NC Primary Refinance - Rate/Term No Defined Cure D A A A D A A A Non QM Non QM No
216785912 437220359 24461206 Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. Reviewer Comment (2022-03-23): Provided as trailing docs


Seller Comment (2022-03-21): CHARM booklet attached


Reviewer Comment (2022-01-25): Please provide the Charm Booklet documentation.
 03/23/2022 1 A NC Primary Refinance - Rate/Term No Defined Cure D A A A D A A A Non QM Non QM No
216785912 437220359 24461819 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Mortgage Broker Fee.  Fee Amount of[redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure of [redacted]was provided.
Provide VCC or cure to the borrower with PC CD and evidence it sent to the borrower with an explanation of changes.		 Reviewer Comment (2022-01-24): [Redact] Received COC dated [Redact] showing a valid reason for change in fees. No additional cure is needed.


Seller Comment (2022-01-21): LE dated [Redact]


Seller Comment (2022-01-21): COC for LE dated [Redact]
 01/24/2022 1 A NC Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D A A A D A A A Non QM Non QM Yes
216797526 437220371 24451205 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Reviewer Comment (2022-02-28): Post closing Disaster Inspection dated [Redact] provided. Exception cleared.


Seller Comment (2022-02-24): Disaster re-inspection.
 02/28/2022 1 A CT Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216797526 437220371 24451431 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide required fraud report/background check for both borrowers. Reviewer Comment (2022-02-28): DRIVE fraud report dated [Redact] provided. Exception cleared.


Seller Comment (2022-02-24): Fraud Guard/Drive report
 02/28/2022 1 A CT Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216797526 437220371 24451646 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule [redacted]): Creditor did not provide List of Homeownership Counseling Organizations to borrower. Not provided, Please   provide List of Homeownership Counseling Organizations to borrower. Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B CT Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216797526 437220371 24451675 Compliance Compliance Federal Compliance TILA ARM Disclosure Status Test TIL variable rate disclosure: [redacted] disclosure not provided to the borrower. Not provided. Reviewer Comment (2022-03-23): provided as trailing docs


Seller Comment (2022-03-21): Arm Disclosure attached
 03/23/2022 1 A CT Primary Refinance - Rate/Term No Defined Cure C B C A C B A A Non QM Non QM No
216797526 437220371 24451676 Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. Not provided. Reviewer Comment (2022-03-23): provided as trailing docs


Seller Comment (2022-03-21): CHARM booklet attached
 03/23/2022 1 A CT Primary Refinance - Rate/Term No Defined Cure C B C A C B A A Non QM Non QM No
216797526 437220371 24565399 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Please provide copies of the 1099 Transcripts to verify the 1099-SSA in file, for both the borrower and the co borrower. Reviewer Comment (2022-03-23): Provided as trailing docs


Seller Comment (2022-03-21): [Redact] [Redact] 1099 attached
 03/23/2022 1 A CT Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216824642 437220417 24468675 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide the fraud report. Reviewer Comment (2022-02-23): Received Drive Fraud report with all red flag addressed on [Redact]. Exception cleared


Seller Comment (2022-02-21): Fraud Guard/Drive Report
 02/23/2022 1 A FL Investment Purchase C A C A A A No
216824643 437220358 24460539 Credit Fix and Flip General Fix and Flip The Non-Owner Occupied Certification was not signed by all required borrowers and thus casts doubt on the business purpose of the loan. Please provide the signed business purpose certificate/occupancy statement. The multi-purpose disclosure has an occupancy certification, but it is not signed. Reviewer Comment (2022-01-25): Received Occupancy Cert signed/dated by all borrowers.  Exception cleared.


Seller Comment (2022-01-21): Occupancy Cert
 01/25/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216843142 437220663 24464112 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Previous employment nor work history prior to[redacted] business inception date verified. Provide verification of X years employment in current profession/line of work. Reviewer Comment (2022-03-09): Borrower has more than 1 year in current business and CPA states he has been self employed in same line of work for 5 years.  Guidelines allow for self employed between 1-2 years if in previous line of work 2 years prior.  Borrower has been self employed in same line of work the entire time.  CPA confirmation is an acceptable document for verification.


Reviewer Comment (2022-03-04): CPA letter states Borrower has been in same line of work for the last five years, but does not state previously sole proprietorship/Sched C prior to incorporation in [Redact] [Redact]. Exception remains.


Seller Comment (2022-03-02): Revised 1003 completing 24 months employment history.  Borrower has owned a [Redact] for 5+ years.  Business was incorporated however in [Redact].


Reviewer Comment (2022-02-22): The 1003 only lists borrower's current employment record with [Redact], with a start date of [Redact].  This employment   is less than two years.  Provide employment history for a minimum of two years.


Seller Comment (2022-02-15): CPA letter also proves the borrower has been in business for [Redact] years. Please clear condition.
 03/09/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
216843142 437220663 24464146 Compliance Compliance Federal Compliance TILA ARM Disclosure Timing Test TIL variable rate disclosure: [redacted] disclosure not provided to the borrower within xx [redacted]. The ARM Disclosure signed at closing on [redacted] is included in the file. The initial ARM Disclosure at time of application is not included in the file. Reviewer Comment (2022-02-15): Client provided Initial ARM Disclosure.


Seller Comment (2022-02-09): Initial ARM disclosure
 02/15/2022 1 A CA Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
216843142 437220663 24466224 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - CPA letter not included in the file verifying percentage of ownership, Expense Ratio of [redacted], and the ability to use business funds for subject property purchase not affecting continuation of business activities going forward. Reviewer Comment (2022-02-09): Client provided CPA Letters (s) that meet guideline requirements.


Seller Comment (2022-02-04): CPA
 02/09/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
216843586 437220547 24464467 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Reviewer Comment (2022-02-02): Received correct tax certification and updated.  Exception is cleared.
 02/02/2022 1 A NY Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C A A A C A A A Non QM Non QM Yes
216843629 437220716 24478991 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided Please provided and Approval and/or 1008. Reviewer Comment (2022-02-23): 1008 provided verifying underwriting approval. Exception cleared.


Seller Comment (2022-02-17): 1008
 02/23/2022 1 A GA Primary Purchase C A C A B A A A Non QM Non QM No
216843629 437220716 24478993 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least 3 days prior to closing. Reviewer Comment (2022-02-23): Borrower appraisal receipt acknowledgment provided. Exception cleared.


Seller Comment (2022-02-17): App ack
 02/23/2022 1 A GA Primary Purchase C A C A B A A A Non QM Non QM No
216843629 437220716 24478994 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule[redacted]: Creditor did not provide List of Homeownership Counseling Organizations to borrower. Missing. Reviewer Comment (2022-02-23): Homeownership Counseling List dated [Redact] and [Redact] provided. Exception cleared.


Seller Comment (2022-02-17): Laast pages have the home counseling disclosure
 02/23/2022 1 A GA Primary Purchase C A C A B A A A Non QM Non QM No
216843629 437220716 24481210 Credit Missing Document General Missing Document Missing Document: Bank Statements - Business not provided Personal bank statements were used for income. Please forward [redacted] or more of business bank statements. Reviewer Comment (2022-02-23): 24 months of personal bank statements used in qualifying. Borrower does not have a business account and the CPA states the borrower is self-employed. GLs allow for the use of personal statement. Deposit history verifies direct deposits from companies he is doing work for currently. Exception cleared.


Seller Comment (2022-02-17): LOE used comingled account method #1.  No additional bank statements avaiable.
 02/23/2022 1 A GA Primary Purchase C A C A B A A A Non QM Non QM No
216843637 437220637 24475377 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. There is no appraisal in file to determine the date Reviewer Comment (2022-02-24): Client provided Appraisal Report dated [Redact].
 02/24/2022 1 A CA Primary Purchase D B D A A B D B Non QM Non QM No
216843637 437220637 24477282 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Appraisal is missing.; Sec ID: 1 The appraisal is missing, please provide Reviewer Comment (2022-02-24): Client provided appraisal report.
 02/24/2022 1 A CA Primary Purchase D B D A A B D B Non QM Non QM No
216843637 437220637 24480509 Credit Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal not provided Appraisal not included in file. Provide a copy of the valuation product used for establishing value. Reviewer Comment (2022-02-24): Client provided Appraisal Report.


Seller Comment (2022-02-22): Appraisal
 02/24/2022 1 A CA Primary Purchase D B D A A B D B Non QM Non QM No
216843637 437220637 24879318 Property Property - Appraisal Appraisal Documentation Property - Appraisal The property type differs between the valuation documents in file. Unable to verify the property type.  Ineligible per guidelines. The appraisal does not show the property is a PUD.  Provide corrected appraisal report. Reviewer Comment (2022-04-01): Updated appraisal dated [Redact] received corrected property type from single family detached to PUD. Post close correction.


Seller Comment (2022-03-30): Revised appraisal correcting property type


Reviewer Comment (2022-03-02): A corrected appraisal reflecting PUD is needed to clear exception.


Seller Comment (2022-02-25): LOE from the Broker/originator provided that states they cannot obtain the appraisal correction for property type because it is a transferred appraisal.
 04/01/2022 1 A CA Primary Purchase D B D A A B D B Non QM Non QM No
216843637 437220637 24879343 Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Appraisal is required to be in name of Lender - Lender name on appraisal is [redacted].  The Lender is[redacted]  Appraisal Transfer Letter was not found in the file. Reviewer Comment (2022-03-18): Seller acknowledges this exception.


Reviewer Comment (2022-03-02): Received E & O and appraiser's License. Please forward evidence the appraiser was independently verified. Also provide the AIR Cert and the xxxx assignment to Seller.


Seller Comment (2022-02-25): Appraisal transfer letter.
 03/18/2022 2 B CA Primary Purchase D B D A A B D B Non QM Non QM No
216843637 437220637 24926014 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year[redacted] on Final Closing Disclosure provided on [redacted] not accurate. The page [redacted] of Estimated Taxes, Insurance & Assessments does not include the HOA fees of [redacted]. Please provide a PC CD with corrections and evidence it was sent to the borrower with explanation letter. Reviewer Comment (2022-03-10): [Redact] received PCCD and LOE hence no further action required


Seller Comment (2022-03-08): Borrower Letter and PCCD
 03/10/2022 1 A CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A A B D B Non QM Non QM Yes
216843637 437220637 25205515 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule [redacted]: Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Updated appraisal dated [redacted] received corrected property type from single family detached to PUD. Post close correction. Reviewer Comment (2022-04-08): Seller acknowledges exception.


Seller Comment (2022-04-05): Seller requests buyer review: [Redact] is accepting a 2 grade on this loan
 04/08/2022 2 B CA Primary Purchase D B D A A B D B Non QM Non QM No
216843641 437220336 24467803 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule [redacted]: Creditor did not provide List of Homeownership Counseling Organizations to borrower. Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B NJ Primary Purchase C B C B B B A A Non QM Non QM No
216843641 437220336 24472788 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___ [redacted] was documented with [redacted]. Please forward 4 additional months to meet [redacted] requirements. Please provide statements for[redacted]. The representative FICO score exceeds the guideline minimum by at least xx points. Lender Exception with Comp Factors provided for regrade and waive. Originator,Owner Reviewer Comment (2022-03-09): Lender approved exception received.


Reviewer Comment (2022-03-08): We are in receipt of an Exception Request to Waive four months of Asset Statements for account [Redact].  It is not on the usual [Redact] Mortgage Exception Request Form and only has one valid compensating factor.  Provide the correct Exception Approval with at least two valid compensating factors.


Seller Comment (2022-03-04): Exception approval


Reviewer Comment (2022-02-24): We are in receipt of the document stating there was a transfer of $[Redact] from [Redact] account [Redact] on [Redact] to the [Redact] account [Redact]; however, six months statement are still required for the [Redact] account.  The exception remains.


Seller Comment (2022-02-22): Underwriting Memo re: bank statements
 03/09/2022 2 B NJ Primary Purchase C B C B B B A A Non QM Non QM No
216843641 437220336 24564170 Credit Credit Miscellaneous Guideline Credit Exception: Property has excessive acreage. The representative FICO score exceeds the guideline minimum by at least xx points.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower has verified disposable income of at least $xxxx.xx.		 Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.		 Originator,Owner

Originator,Owner

Owner		 Reviewer Comment (2022-01-21): Lender Exception with Comp Factors provided for regrade and waive.
 01/21/2022 2 B NJ Primary Purchase C B C B B B A A Non QM Non QM No
216843644 437220362 24468312 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over [redacted] of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Per the documents in file, the hazard insurance premium is [redacted]/yr and $[redacted]/mo. Lender used a monthly amount of[redacted] which appears to be the old premium for the original hazard insurance.  Updated insurance shows higher premium amount. Reviewer Comment (2022-03-03): [Redact] received LOE and corrected CD.


Seller Comment (2022-03-01): Borrower Letter and PCCD
 03/03/2022 2 B CA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B B B C B A A Non QM Non QM Yes
216843644 437220362 24483079 Credit Credit Miscellaneous Guideline Credit Exception: Method 3 was used for [redacted] Loan but borrower is short on remaining assets after closing to cover requirements for Method [redacted] of the [redacted]s other debt service of [redacted]. Assets after closing are [redacted] and required amount is [redacted]. The representative FICO score exceeds the guideline minimum by at least xx points.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has owned the subject property for at least x years.		 Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.		 Originator,Owner

Originator,Owner

Owner

Owner

Owner		 Reviewer Comment (2022-01-24): Lender Exception with Comp Factors provided for regrade and waive.
 01/24/2022 2 B CA Primary Refinance - Rate/Term C B B B C B A A Non QM Non QM No
216843645 437220638 24479361 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule [redacted]: Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Please provide all appraisals and evidence that it was sent to the borrower at least [redacted] prior to closing Reviewer Comment (2022-02-25): Client provided copy of initial appraisal report and appraisal delivery document for final appraisal report.


Seller Comment (2022-02-24): Please let us know what Reg you are citing for this condition as this is a business purpose loan.


Seller Comment (2022-02-23): App [Redact]
 02/25/2022 1 A CA Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216843645 437220638 24479362 Compliance Compliance Federal Compliance TILA TILA - Impermissible Prepayment Penalty Truth in Lending Act [redacted]: Covered transaction contains impermissible prepayment penalty. Please provide Business Purpose Certification and Loan Summary Comparison, as loan is testing for QM without them. Reviewer Comment (2022-02-23): Client provided Cash Out Use of Funds Letter from borrower stating funds will be used to remodel subject.


Seller Comment (2022-02-17): Cash out letter confirming funds to be re-invested back into the subject property.
 02/23/2022 1 A CA Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216843645 437220638 24486798 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. File missing CD or documentation provided for concurrent refinances for property [redacted] per 1008 to confirm PITIA. Reviewer Comment (2022-02-25): Client provided CD for xxxx and xxxx.


Seller Comment (2022-02-25): Please advise on open condition


Seller Comment (2022-02-23): [Redact] Street


Seller Comment (2022-02-23): CD - REO
 02/25/2022 1 A CA Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216843645 437220638 24530898 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of[redacted] exceeds tolerance of[redacted].  Sufficient or excess cure was provided to the borrower. Cure provided. Reviewer Comment (2022-01-19): Sufficient Cure Provided within 60 Days of Closing
 01/19/2022 1 A CA Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR Yes
216844266 437221175 24481852 Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided Please provide lease agreements for the subject property. Reviewer Comment (2022-01-27): Received LOX from borrower stating there are no leases.  Borrowers pay month to month.  Letter meets guideline requirements.


Seller Comment (2022-01-25): Lease conditions
 01/27/2022 1 A NY Investment Refinance - Cash-out - Other C A C A A A No
216844269 437221130 24481095 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of[redacted] plus [redacted].  Insufficient or no cure was provided to the borrower. Fee increased without a valid change in circumstance. A cure was not provided at close. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-01-31): [Redact] received PCCD & final SS showing showing reduced recording fees.


Seller Comment (2022-01-30): Please see attached final alta and PCCD


Seller Comment (2022-01-28): Please see attached final alta and PCCD.
 01/31/2022 1 A CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B A C B A A Non QM Non QM Yes
216844269 437221130 24481096 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [redacted]exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Fee increased without a valid change in circumstance. A cure was not provided at close. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-02-08): [Redact] received PCCD, LOE, proof of mailing & copy of refund check.


Seller Comment (2022-02-07): check


Reviewer Comment (2022-02-07): [Redact] received PCCD,LOE,Refund check and proof of mailing.    UPS  tracking indicates label has been created, but package has not been shipped. Proof of delivery required to cure.


Seller Comment (2022-02-04): Please see attached PCCD, LOX, Check and UPS Label


Reviewer Comment (2022-02-02): [Redact] received PCCD & LOE however to cure the exception we require copy of refund check and proof of mailing only shows label created. Please provide copy of refund check.


Seller Comment (2022-02-01): LOX


Seller Comment (2022-02-01): PCCD


Seller Comment (2022-02-01): UPS label


Reviewer Comment (2022-01-31): [Redact] - COC dated [Redact] is not valid as loan amount increased on LE dated [Redact] & did not change any further. There is no valid reason for increase in transfer taxes on [Redact] CD. Please provide a valid COC for increase in transfer taxes on [Redact] CD or cure documents. Exception remains.


Seller Comment (2022-01-30): Please see attached COC and closing disclosure
 02/08/2022 2 B CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B A C B A A Non QM Non QM Yes
216844269 437221130 24481104 Credit Title Document Error Title There is no dollar amount noted on the title policy. Please forward the amended preliminary Title and/or the Final Title. Reviewer Comment (2022-01-31): Client provided Final Title Policy with coverage in the amount of $[Redact]


Seller Comment (2022-01-27): title


Seller Comment (2022-01-27): Seller requests buyer review: Grade 2 condition please waive
 01/31/2022 1 A CA Primary Purchase C B B A C B A A Non QM Non QM No
216844269 437221130 24481114 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Provided the Final Title. Reviewer Comment (2022-01-31): Client provided Final Title Policy with coverage in the amount of $[Redact]
 01/31/2022 1 A CA Primary Purchase C B B A C B A A Non QM Non QM No
216851718 437220617 24483641 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided Reviewer Comment (2022-02-24): Client provided DRIVE Fraud Report which includes background check.
 02/24/2022 1 A FL Investment Purchase C A C A A A No
216851718 437220617 24483646 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-02-28): Client provided signed Business Purpose Certificate.


Seller Comment (2022-02-24): Non QM Cert
 02/28/2022 1 A FL Investment Purchase C A C A A A No
216851718 437220617 24483647 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-02-24): Client provided DRIVE Fraud Report.


Seller Comment (2022-02-22): FraudGuard/Data Verify
 02/24/2022 1 A FL Investment Purchase C A C A A A No
216851718 437220617 24487249 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Non-Owner Occupancy Declaration not provided Please provide the Non Owner Occupancy Certificate. Reviewer Comment (2022-02-28): Client provided signed Non Owner Occupancy Certificate.


Seller Comment (2022-02-24): Occupancy Cert
 02/28/2022 1 A FL Investment Purchase C A C A A A No
216851719 437220388 24482774 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-02-25): Client provided DRIVE Fraud Report.


Seller Comment (2022-02-23): Fraud Guard/Drive report
 02/25/2022 1 A FL Investment Purchase C A C A A A No
216851719 437220388 24482781 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided Reviewer Comment (2022-02-25): Client provided DRIVE Fraud Report which includes background check.
 02/25/2022 1 A FL Investment Purchase C A C A A A No
216851719 437220388 24487713 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-03-14): Received Business Purpose Certificate document and Associated. Exception Cleared.


Seller Comment (2022-03-11): Non-QM Cert attached
 03/14/2022 1 A FL Investment Purchase C A C A A A No
216851734 437220707 24480588 Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account statement Inaccurate RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. 01/31/2022 1 A CA Primary Refinance - Cash-out - Other B B A A B B A A Non QM Non QM Yes
216851734 437220707 24663849 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Escrowed Property Costs Year 1 -  October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Escrowed Property Costs over [redacted]of [redacted]on Final Closing Disclosure provided on [redacted] not accurate. Reviewer Comment (2022-02-04): [Redact] received LOE.


Seller Comment (2022-02-02): LOE and PCDD


Reviewer Comment (2022-02-01): PCCD has been received.  Please provide copy of LOE provided to borrower with PCCD to complete cure.
 02/04/2022 2 B CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
216851734 437220707 24663850 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment Under Disclosed TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan. Reviewer Comment (2022-02-04): [Redact] received LOE.


Seller Comment (2022-02-02): PCCD and LOE


Reviewer Comment (2022-02-01): PCCD has been received.  Please provide copy of LOE provided to borrower with PCCD to complete cure.
 02/04/2022 2 B CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, and Corrected CD B B A A B B A A Non QM Non QM Yes
216853628 437220571 24481445 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Loan Discount Points fee was not listed on the Loan Estimate. Fee increased from [redacted] Final Closing Disclosure. No cure provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence that it was sent to the borrower with an explanation of the changes Reviewer Comment (2022-02-28): [Redact] received valid COC dated [Redact].


Seller Comment (2022-02-25): COC to initial CD
 02/28/2022 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216853628 437220571 24486370 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule [redacted]: Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Provide all appraisals and evidence they were all sent to the borrower at [redacted] prior to closing. Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B CA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216854248 437220348 24496543 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule [redacted]: Creditor did not provide List of Homeownership Counseling Organizations to borrower. File missing disclosure of List of Homeownership counseling. Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B CA Primary Refinance - Rate/Term B B A A B B A A Non QM Non QM No
216854519 437220464 24491728 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant xx [redacted]prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least [redacted] prior to closing. Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B CA Primary Refinance - Rate/Term C B A A C B A A Non QM Non QM No
216854519 437220464 24491729 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-03-14): [Redact] received valid COC dated [Redact].


Seller Comment (2022-03-11): Please see 11-12 COC attached addressing loan amount change $[Redact] &[Redact] discount fee added
 03/14/2022 1 A CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216854524 437220613 24491235 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Spousal Consent Form not provided Reviewer Comment (2022-02-07): Received


Seller Comment (2022-02-04): Quit claim


Seller Comment (2022-02-02): The interspousal deed was from the previous financing it is covered and understood that one was executed on the previous transaction.  A new quit claim is NOT needed.  The vesting is sole and separate


Reviewer Comment (2022-02-02): The Title was reviewed. Please forward the Interspousal Deed.
 02/07/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216855040 437220331 24491067 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Reviewer Comment (2022-01-28): Received PDI with photos verifying no damage from disaster.  Exception cleared.


Seller Comment (2022-01-26): See attached
 01/28/2022 1 A CT Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216855040 437220331 24494166 Compliance Compliance Federal Compliance TILA TILA - Impermissible Prepayment Penalty Truth in Lending Act [redacted]: Covered transaction contains impermissible prepayment penalty. Prepayment Penalties are not permitted on mortgage loans secured with an [redacted]. Reviewer Comment (2022-02-10): Cash out letter of explanation received.


Reviewer Comment (2022-02-07): Please provide a corrected "Proceeds of [Redact]" letter as it is vague. The letter refers to the refinance of another commercial property and that $[Redact] will go to the prepayment penalty of that properties loan. Please provide a letter that includes the full address of "that property". File also requires a copy of the mortgage payoff statement for "that property" and copies of the in-force, prior to refinance, security instrument, Note to verify whether or not the collection of a prepayment penalty is legal, a and a copy of the Closing Disclosure/Settlement Statement. Additionally, post delivery of the requested documentation of "that property", additional compliance review may be required to determine whether or not the collected prepayment penalty should be considered a finance charge on this, the subject loan.


Seller Comment (2022-02-03): see attached
 02/10/2022 1 A CT Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216855040 437220331 24494254 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Please forward the hazard insurance documentation for the [redacted] Reviewer Comment (2022-02-01): Land


Reviewer Comment (2022-01-28): The insurance document for xxx was not uploaded.  The exception remains.


Seller Comment (2022-01-26): See attached
 02/01/2022 1 A CT Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216855040 437220331 24501149 Credit Missing Document General Missing Document Incomplete Document: 1003 Final is incomplete Please fill out the entire 1003. Some sections missing information or selections. Reviewer Comment (2022-01-31): Completed final 1003 provided and verification of updates sent to Borrower. Exception cleared.


Seller Comment (2022-01-27): see attached
 01/31/2022 1 A CT Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
216855041 437220349 24494401 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Reviewer Comment (2022-01-28): Received PDI with photos verifying no damage from disaster.  Exception cleared.


Seller Comment (2022-01-26): see attached
 01/28/2022 1 A CT Investment Refinance - Rate/Term C B C A B B A A N/A Exempt from ATR No
216855041 437220349 24496153 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Please provide all appraisals and evidence they were all sent to the borrower at least [redacted] prior to close. Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B CT Investment Refinance - Rate/Term C B C A B B A A N/A Exempt from ATR No
216855077 437221116 24501281 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Funds reversals were not omitted in xxx xxxx. Omitting the deposits lowered the income which increased the DTI over the [redacted] used to qualify at origination. Reviewer Comment (2022-01-28): Client provided revised 1003 and 1008 showing DTI of [Redact].  Borrower meets residual income requirements to increase DTI Level to [Redact] per guidelines.


Seller Comment (2022-01-27): email from [Redact] and [Redact] ok to [Redact]


Seller Comment (2022-01-27): updated 1008 1003 to match DDs DTI


Seller Comment (2022-01-25): see attached uw lox for dti
 01/28/2022 1 A FL Primary Purchase C A C A C A A A Non QM Non QM No
216855077 437221116 24501282 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay [redacted]: Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Increased the DTI over the [redacted] used to qualify at origination causing ATR issue. Reviewer Comment (2022-01-28): Client provided revised 1003 and 1008 showing DTI of [Redact].  Borrower meets residual income requirements to increase DTI Level to [Redact] per guidelines.


Seller Comment (2022-01-25): see attached uw lox for dti
 01/28/2022 1 A FL Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
216855077 437221116 24501283 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay [redacted]: Based on the loan failing one or more guideline components, the loan is at ATR risk. Increased the DTI over the [redacted] used to qualify at origination causing ATR issue. Reviewer Comment (2022-01-28): Client provided revised 1003 and 1008 showing DTI of [Redact].  Borrower meets residual income requirements to increase DTI Level to [Redact] per guidelines.


Seller Comment (2022-01-25): see attached uw lox for dti
 01/28/2022 1 A FL Primary Purchase C A C A C A A A Non QM Non QM No
216855077 437221116 24501284 Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay [redacted]: The DTI calculated in accordance with the Lenders Guidelines and [redacted] of [redacted]% moderately exceeds the guideline maximum of[redacted]. (DTI Exception is eligible to be regraded with compensating factors.) Funds reversals were not omitted in xxx xxxx. Omitting the deposits lowered the income which increased the DTI over the [redacted] used to qualify at origination. Reviewer Comment (2022-01-28): Client provided revised 1003 and 1008 showing DTI of [Redact].  Borrower meets residual income requirements to increase DTI Level to [Redact] per guidelines.


Seller Comment (2022-01-25): see attached uw lox for dti
 01/28/2022 1 A FL Primary Purchase C A C A C A A A Non QM Non QM No
216855702 437220641 24501408 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-02-03): Received Fraud Report.  Exception cleared


Seller Comment (2022-02-01): Fraud Report
 02/03/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216855702 437220641 24501415 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided Reviewer Comment (2022-02-03): Received Fraud Report.  Exception cleared


Seller Comment (2022-02-01): This DRIVE report covers SSN, GSL and LDP. Please clear
 02/03/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216855710 437220424 24490916 Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided Reviewer Comment (2022-01-25): Received.


Seller Comment (2022-01-21): see attached
 01/25/2022 1 A FL Primary Purchase C B C B A A A A Non QM Non QM No
216855710 437220424 24490948 Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003 Error: Citizenship Source Documentation  was not provided - Missing proof of permanent residency. Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B FL Primary Purchase C B C B A A A A Non QM Non QM No
216855710 437220424 24490950 Credit 1003 Document Error 1003 Borrower(s) is not a U.S. Citizen, and the guideline required documentation was not provided. - Reviewer Comment (2022-01-25): Received.


Seller Comment (2022-01-21): see attached
 01/25/2022 1 A FL Primary Purchase C B C B A A A A Non QM Non QM No
216855820 437221122 24492558 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided Reviewer Comment (2022-01-27): Client provided 1008.


Seller Comment (2022-01-25): see attached 1008
 01/27/2022 1 A FL Second Home Purchase C B C A B B A A Non QM Non QM No
216855820 437221122 24492801 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $xxx,xx exceeds tolerance of $xxx,xx.  Sufficient or excess cure was provided to the borrower at Closing. No cure was provided to the borrower at Closing. Reviewer Comment (2022-01-13): Sufficient Cure Provided At Closing
 01/13/2022 1 A FL Second Home Purchase Final CD evidences Cure C B C A B B A A Non QM Non QM Yes
216855820 437221122 24496332 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule [redacted]: Borrower waived right to receive a copy of the appraisal at least [redacted] prior to closing, and appraisal was not provided at or before closing. Provide all appraisals and evidence they were all sent to the borrower prior to closing. Reviewer Comment (2022-02-01): Seller elects to waive this exception.


Seller Comment (2022-02-01): please review and waive.


Seller Comment (2022-01-25): Seller requests buyer review: EV2, please waive.
 02/01/2022 2 B FL Second Home Purchase C B C A B B A A Non QM Non QM No
216855820 437221122 24587968 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $xxx,xx exceeds tolerance of $x,xx.  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-01-24): Sufficient Cure Provided At Closing
 01/24/2022 1 A FL Second Home Purchase Final CD evidences Cure C B C A B B A A Non QM Non QM Yes
216855842 437220732 24502272 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided Missing Approval and 1008.  Provide UW Approvals and/or final 1008. Reviewer Comment (2022-02-28): Client provided 1008.


Seller Comment (2022-02-24): 1008
 02/28/2022 1 A GA Investment Purchase C A C A A A No
216855842 437220732 24502698 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - 1-4 Family not provided Reviewer Comment (2022-03-01): 1-4 Family Rider received. Exception cleared.


Seller Comment (2022-02-25): 1-4 Rider
 03/01/2022 1 A GA Investment Purchase C A C A A A No
216855845 437220486 24495945 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant xx[redacted] prior to consummation. Appraisals were provided in file.  Provide evidence they were all sent to the borrower at least [redacted] prior to closing. Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B CA Investment Refinance - Rate/Term B B B B B B A A N/A Exempt from ATR No
216855845 437220486 24590871 Credit Credit Miscellaneous Guideline Credit Exception: Bank statements reflect declining income. The representative FICO score exceeds the guideline minimum by at least xx points.

The qualifying DTI on the loan is at least xx% less than the guideline maximum.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive. Owner

Owner

Originator,Owner

Owner

Owner

Owner

Owner		 Reviewer Comment (2022-01-25): Lender Exception with Comp Factors provided for regrade and waive.
 01/25/2022 2 B CA Investment Refinance - Rate/Term B B B B B B A A N/A Exempt from ATR No
216855845 437220486 25452398 Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is missing secondary valuation product required for securitization. Reviewer Comment (2022-04-26): CDA report received, verified and updated the details. Exception cleared


Seller Comment (2022-04-25): Collateral Desktop Analysis
 04/26/2022 1 A CA Investment Refinance - Rate/Term B B B B B B A A N/A Exempt from ATR No
216856343 437220607 24493073 Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. Evidence of the initial rate lock date was not provided in file. Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B TX Primary Purchase C B A A C B A A Non QM Non QM No
216856343 437220607 24493074 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within[redacted] of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. Initial LE was issued [redacted] but the E-signature Consent was not signed by the borrower until [redacted]. Provide evidence that borrower signed an e-signature consent on or earlier than [redacted]. Reviewer Comment (2022-03-25): [Redact] Received LOE stating Lender closed on [Redact] and [Redact].


Seller Comment (2022-03-24): [Redact] Mortgage offices were closed [Redact] & [Redact] in observance of the [Redact] holiday.  Please see included affirmation regarding office closure on these dates.
 03/25/2022 1 A TX Primary Purchase C B A A C B A A Non QM Non QM No
216856343 437220607 24493075 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Attorney Review Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-01-13): Sufficient Cure Provided At Closing
 01/13/2022 1 A TX Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
216856418 437220504 24501946 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-03-14): Received Business Purpose Certificate on [Redact], Exception Cleared


Seller Comment (2022-03-11): NON-QM Cert attached
 03/14/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
216857052 437220548 24509819 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided Reviewer Comment (2022-02-15): Received the Security Instrument document, verified and associated the document, hence exception cleared.


Seller Comment (2022-02-14): DOT and  All riders
 02/15/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A N/A No
216857052 437220548 24509823 Credit Missing Document General Missing Document Missing Document: HUD/CD not provided Reviewer Comment (2022-03-16): Received Initial CD, Exception Cleared


Seller Comment (2022-03-15): Please see Initial CD [Redact] attached


Reviewer Comment (2022-03-10): Initial CD is not provided with the documents uploaded on [Redact]. Please provide initial CD and copy of LOE provided to the borrower with the PCCD. Exception remains.


Seller Comment (2022-03-09): The initial CD with uploaded [Redact]


Reviewer Comment (2022-03-02): Initial CD and LOE or proof of delivery for PCCD are still missing in the file. Currently we have final CD dated [Redact] and PCCD dated [Redact]. Exception remains.


Seller Comment (2022-03-01): See COC for closing CD


Seller Comment (2022-03-01): The Initial CD dated [Redact] was uploaded and Closing CD was provided with the initial upload.


Reviewer Comment (2022-03-01): The LOX for changes made on PCCD is not received. Also, Initial and Final CDs are missing in the file. Exception Remains.


Seller Comment (2022-02-28): see PCCD
 03/16/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A N/A No
216857052 437220548 24509825 Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided Reviewer Comment (2022-02-15): Received the Note  document, verified and associated the document, hence exception cleared.


Seller Comment (2022-02-14): Note and note rider uploaded


Seller Comment (2022-02-14): addendum to the note uploaded with note


Seller Comment (2022-02-14): note and addendum to note
 02/15/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A N/A No
216857052 437220548 24509830 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided Reviewer Comment (2022-02-15): Received the Note Addendum - Prepayment document, verified and associated the document, hence exception cleared.


Seller Comment (2022-02-14): Note addendum uploaded
 02/15/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A N/A Yes
216857052 437220548 24509832 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Rider - Other not provided Please forward the Prepayment Rider. Reviewer Comment (2022-02-15): Received the Prepayment Rider document, verified and associated the document, hence exception cleared.


Seller Comment (2022-02-14): All riders uploaded with the DOT
 02/15/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A N/A No
216857052 437220548 24509839 Credit Loan Package Documentation Application / Processing Insurance Missing Document: Flood Certificate not provided Reviewer Comment (2022-02-15): Received the Flood certificate document, verified and associated the document, hence exception cleared.


Seller Comment (2022-02-14): Flood Cert
 02/15/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A N/A No
216857052 437220548 24509841 Credit Loan Package Documentation Loan File Missing Document  Missing Document: Hazard Insurance Policy not provided Reviewer Comment (2022-02-15): Received the HOI policy document, verified and associated the document, hence exception cleared.


Seller Comment (2022-02-14): Hazard Insurance
 02/15/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A N/A No
216857052 437220548 24509844 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Title Preliminary not provided Reviewer Comment (2022-02-15): Received the Title Preliminary document, verified and associated the document, hence exception cleared.


Seller Comment (2022-02-14): Cali Property - Final title is delivered with recorded DOT. invalid condition


Seller Comment (2022-02-14): amend.supp.title.taxcert
 02/15/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A N/A No
216857052 437220548 24509882 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided Reviewer Comment (2022-02-15): Completed USA Patriot Act Form received. Borrower's ID has been verified using [Redact] State Issued Driver License. Exception Cleared.


Seller Comment (2022-02-14): Patriot ACT Form
 02/15/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A N/A No
216857052 437220548 24509928 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-02-16): Business Purpose Certificate provided in trailing documents. Exception cleared.


Seller Comment (2022-02-14): Business Purpose Cert
 02/16/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A N/A No
216857052 437220548 24510086 Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file. Please forward the Final title. Reviewer Comment (2022-02-15): Received the Title Preliminary document, verified and associated the document, hence exception cleared.


Seller Comment (2022-02-14): [Redact] Property - Final title is delivered with recorded DOT. invalid condition
 02/15/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A N/A No
216857056 437220564 24510636 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-03-14): Business Purpose Certificate Provided, Exception Cleared


Seller Comment (2022-03-11): Non-QM Cert attached
 03/14/2022 1 A FL Investment Purchase C B C B A A Non QM No
216857056 437220564 24516339 Credit Credit Miscellaneous Guideline Credit Exception: Asset used in the subject transaction were in a foreign acct. Evidence of Wire and transfer into a XXXX account were not provided. Lender Exception is in file. Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx. Lender Exception with Comp Factors provided for regrade and waive. Originator,Owner Reviewer Comment (2022-01-24): Lender Exception with Comp Factors provided for regrade and waive.
 01/24/2022 2 B FL Investment Purchase C B C B A A Non QM No
216857057 437220429 24506753 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Non-Owner Occupancy Declaration not provided Please forward the signed Non Owner Occupied Declaration. Reviewer Comment (2022-03-15): Occupancy Cert indicating investment received.


Seller Comment (2022-03-11): Occupancy Cert attached
 03/15/2022 1 A CA Investment Purchase C A C A A A N/A No
216857057 437220429 24506782 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please forward the Business Purpose Certificate. Reviewer Comment (2022-03-14): Received and associated Business Purpose Certificate. Exception cleared.


Seller Comment (2022-03-11): Non-QM Cert attached
 03/14/2022 1 A CA Investment Purchase C A C A A A N/A No
216860228 437220628 24726944 Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. - Please provide a letter of explanation regarding the occupancy discrepancy. Reviewer Comment (2022-02-28): Client provided corrected 1003(s) showing property will not be occupied as primary residence.


Seller Comment (2022-02-24): 1003


Reviewer Comment (2022-02-15): Provide corrected 1003s showing the borrower and co-borrower do not intend to occupy the subject property as their primary residence.


Seller Comment (2022-02-11): LOE
 02/28/2022 1 A NV Second Home Purchase C A C A A A A A Non QM Non QM No
216860228 437220628 24732493 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Zero percent fee tolerance exceeded by $XXX.XX, and a cure of $XXX.XX was provided. Reviewer Comment (2022-02-08): Sufficient Cure Provided At Closing
 02/08/2022 1 A NV Second Home Purchase Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
216860239 437220322 24501394 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant xx [redacted] prior to consummation. Provide all appraisals done for the loan and evidence they were all sent to the borrower at least X days prior to closing or a signed, dated specific 3 day waiver. Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B CA Primary Refinance - Rate/Term C B C A B B A A Non QM Non QM No
216860239 437220322 24501395 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule [redacted]: Creditor did not provide List of Homeownership Counseling Organizations to borrower. Disclosure not in file. Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B CA Primary Refinance - Rate/Term C B C A B B A A Non QM Non QM No
216860239 437220322 24501397 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Credit report Fee was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure.  File does not contain a valid COC for this fee, cure provided at closing. Reviewer Comment (2022-01-14): Sufficient Cure Provided At Closing
 01/14/2022 1 A CA Primary Refinance - Rate/Term Final CD evidences Cure C B C A B B A A Non QM Non QM Yes
216860239 437220322 24501404 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Please provide the hazard insurance and the tax verifications for [redacted]. Reviewer Comment (2022-02-28): Client provided insurance and tax documents for Other REO property.


Seller Comment (2022-02-24): REO PITI docs
 02/28/2022 1 A CA Primary Refinance - Rate/Term C B C A B B A A Non QM Non QM No
216860280 437220387 24504767 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide the fraud report. Reviewer Comment (2022-02-28): Client provided copy of DRIVE Fraud Report.


Seller Comment (2022-02-24): Fraud Guard/Drive report
 02/28/2022 1 A CA Investment Purchase C B C B B B A A N/A Exempt from ATR No
216860280 437220387 24505091 Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Lender gave exception based on compensating factors for borrower not having a credit score. The qualifying DTI on the loan is at least xx% less than the guideline maximum.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower's monthly mortgage payment has decreased by at least xx%.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.		 Originator,Owner

Originator,Owner

Owner

Owner

Owner

Owner

Owner		 Reviewer Comment (2022-01-25): Lender Exception with Comp Factors provided for regrade and waive.
 01/25/2022 2 B CA Investment Purchase C B C B B B A A N/A Exempt from ATR No
216860280 437220387 24505553 Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. [redacted] cash to close shortfall. Please provide evidence that borrower had these additional funds required at closing. Reviewer Comment (2022-03-04): Client provided Final CD for refinance of another property with Cash to Borrower in the amount of $[Redact].  Borrower has sufficient funds for closing and reserves.


Seller Comment (2022-03-02): Final CD and UW Memo re: cash to close/reserves.
 03/04/2022 1 A CA Investment Purchase C B C B B B A A N/A Exempt from ATR No
216860280 437220387 24505637 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] prior to consummation. Please provide evidence that the borrower received a copy of each valuation at least[redacted]. Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B CA Investment Purchase C B C B B B A A N/A Exempt from ATR No
216860280 437220387 24505638 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely ECOA Valuations Rule [redacted]: Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within [redacted] of application or determination of first lien status. Provide evidence the borrower received the Right to Receive a Copy of the Appraisal within [redacted] of the Application. Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B CA Investment Purchase C B C B B B A A N/A Exempt from ATR No
216860280 437220387 24509397 Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves discrepancy. Please provide verification of sufficient asset to cover the required reserves of [redacted]. Reviewer Comment (2022-03-04): Client provided Final CD for refinance of another property with Cash to Borrower in the amount of $[Redact].  Borrower has sufficient funds for closing and reserves.
 03/04/2022 1 A CA Investment Purchase C B C B B B A A N/A Exempt from ATR No
216860280 437220387 24509660 Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within 10 business days of the Note. - Please provide a verbal verification of employment dated within [redacted] of the note date. Reviewer Comment (2022-02-28): Received


Seller Comment (2022-02-24): VVOE
 02/28/2022 1 A CA Investment Purchase C B C B B B A A N/A Exempt from ATR No
216860280 437220387 24509717 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Please provide the mortgage statement for the property at[redacted]. Reviewer Comment (2022-02-28): Client provided Final CD for [Redact] showing PITI and escrow information.


Seller Comment (2022-02-24): CD [Redact]


Seller Comment (2022-02-24): PITI Docs for [Redact]
 02/28/2022 1 A CA Investment Purchase C B C B B B A A N/A Exempt from ATR No
216860293 437220288 24513305 Credit Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal not provided Provide all appraisals and evidence they were all sent to the borrower at least [redacted] prior to closing. Reviewer Comment (2022-03-01): Client provided appraisal report.


Seller Comment (2022-02-25): Appraisal for all missing appraisal conditions
 03/01/2022 1 A CA Investment Refinance - Rate/Term D B D B A A D A N/A Exempt from ATR No
216860293 437220288 24514603 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Appraisal is missing.; Sec ID: 1 Appraisal(s) missing from the loan file. Please provide. Reviewer Comment (2022-03-01): Client provided the appraisal report.
 03/01/2022 1 A CA Investment Refinance - Rate/Term D B D B A A D A N/A Exempt from ATR No
216860293 437220288 24514604 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 Appraisal(s) missing from the loan file. Please provide. Reviewer Comment (2022-04-22): Trailing doc provided.


Reviewer Comment (2022-04-22): Trailing Doc - Not required UCDP 1


Reviewer Comment (2022-04-22): CDA not provided and CU score was not available


Reviewer Comment (2022-03-01): Client provided the appraisal report.
 04/22/2022 1 A CA Investment Refinance - Rate/Term D B D B A A D A N/A Exempt from ATR No
216860293 437220288 24514980 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. Appraisal(s) missing from the loan file. Please provide. Reviewer Comment (2022-03-01): Client provided the appraisal report dated after FEMA Disaster End Date.
 03/01/2022 1 A CA Investment Refinance - Rate/Term D B D B A A D A N/A Exempt from ATR No
216860293 437220288 24599121 Credit Credit Miscellaneous Guideline Credit Exception: Borrower's income is declining. The representative FICO score exceeds the guideline minimum by at least xx points.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.		 Owner

Originator,Owner

Owner

Originator,Owner

Owner		 Reviewer Comment (2022-01-25): Lender Exception with Comp Factors provided for regrade and waive.
 01/25/2022 2 B CA Investment Refinance - Rate/Term D B D B A A D A N/A Exempt from ATR No
216860302 437220450 24702207 Credit Missing Document General Missing Document Missing Document: Source of Funds/Deposit not provided Please forward documentation verifying the Transfer of Gift Funds. The PC CD reports the dollar amount from the gift letter, but does not report it as a gift. Reviewer Comment (2022-03-10): Rec'd wire transfer and gift letter; exception cleared.


Seller Comment (2022-03-07): Gift Receipt $[Redact]


Seller Comment (2022-03-07): Gift Letter for $[Redact]


Reviewer Comment (2022-03-04): Provide Gift Letter for $[Redact] used for EMD.  This was not included in the initial file submission.  Also, provide copy of wire for gift funds of $[Redact].  Wire confirmation for this amount was not found in the file.


Seller Comment (2022-03-02): There were 2 gifts on the loan.  1) $[Redact] given as the EMD and 2) $[Redact] wired to Escrow.  Copy of wire transfer confirmation was included in the loan package.


Reviewer Comment (2022-03-02): The Gift Letter was for $[Redact], and the donor funds were for $[Redact]. Please provided the donor funds or proof of borrower receipt for the remaining $[Redact].


Seller Comment (2022-02-25): $[Redact] gift was given as the EMD (earnest money deposit).  Included was the attached proof of receipt of $[Redact] gift to the Escrow account.
 03/10/2022 1 A CA Primary Purchase C B C A C B A A Non QM Non QM No
216860302 437220450 24702561 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule [redacted]: Borrower waived right to receive a copy of the appraisal at least xx [redacted] prior to closing, and appraisal was not provided at or before closing. Provide all appraisals and evidence they were all sent to the borrower prior to closing. Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B CA Primary Purchase C B C A C B A A Non QM Non QM No
216860302 437220450 24702562 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - SubEscrow Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Please provide a VCC or Cure to the borrower with a PC CD, evidence it was sent and an explanation of changes. Reviewer Comment (2022-02-14): [Redact] received SSPL which shows that the paid to name is not the same as the one whom the fee are actually paid to (Address varies). Exception cleared.


Seller Comment (2022-02-11): Please see our provider list.. The borrower did not use our  Title agent.. The Provider List for [Redact] is not the same as on CD, see address is different. Please waive the conditions.
 02/14/2022 1 A CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216860302 437220450 24702563 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Wire /Funding/ Disbursement Fee.  Fee Amount of[redacted]exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Please provide a VCC or Cure to the borrower with a PC CD, evidence it was sent and an explanation of changes. Reviewer Comment (2022-02-14): [Redact] received SSPL which shows that the paid to name is not the same as the one whom the fee are actually paid to (Address varies). Exception cleared.


Seller Comment (2022-02-11): Please see our provider list.. The borrower did not use our  Title agent.. The Provider List for [Redact] is not the same as on CD, see address is different. Please waive the conditions.
 02/14/2022 1 A CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216860302 437220450 24923463 Credit Missing Document General Missing Document Missing Document: Donor Check not provided The Gift Letter was for [redacted], and the donor funds were for [redacted]. Please provided the donor funds or proof of borrower receipt for the remaining [redacted]. Reviewer Comment (2022-03-10): Rec'd wire transfer and gift letter; exception cleared.


Reviewer Comment (2022-03-04): Provide Gift Letter for $[Redact] used for EMD.  This was not included in the initial file submission.  Also, provide copy of wire for gift funds of $[Redact].  Wire confirmation for this amount was not found in the file.
 03/10/2022 1 A CA Primary Purchase C B C A C B A A Non QM Non QM No
216860302 437220450 24948309 Credit Asset Asset Documentation Asset Missing Document: Gift Letter not provided Missing gift letter for [redacted] to be used for Earnest Money Deposit. Reviewer Comment (2022-03-10): Rec'd wire transfer and gift letter; exception cleared.
 03/10/2022 1 A CA Primary Purchase C B C A C B A A Non QM Non QM No
216863668 437220398 24504409 Compliance Compliance Federal Compliance Missing Disclosure Acknowledgement of Borrower Receipt of Notice of Special Flood Hazard Disclosure Missing FDPA Notification Rule: Creditor did not retain record of borrower's receipt of Notice of Special Flood Hazard Disclosure. Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B CA Primary Refinance - Rate/Term C B C A B B A A Non QM Non QM No
216863668 437220398 24505494 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Other Includes Insurance Costs TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed whether Homeowners insurance is included in escrow in incorrect section.  Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table.  Disclosure requirement met, non-material exception for incorrect format/placement. Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B CA Primary Refinance - Rate/Term Good Faith Redisclosure C B C A B B A A Non QM Non QM Yes
216863668 437220398 24505501 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Reviewer Comment (2022-03-01): Client provided CD for refi of property showing P&I.


Seller Comment (2022-02-25): REO docs
 03/01/2022 1 A CA Primary Refinance - Rate/Term C B C A B B A A Non QM Non QM No
216863669 437220384 24513238 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Purchase Agreement / Sales Contract not provided Reviewer Comment (2022-03-01): Client provided copy of signed Purchase Agreement.


Seller Comment (2022-02-25): Purchase agreement
 03/01/2022 1 A CA Primary Purchase D B D A B B A A Non QM Non QM No
216863669 437220384 24513282 Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. Rate Set Date Not Provided Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B CA Primary Purchase D B D A B B A A Non QM Non QM No
216863671 437220350 24506230 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule [redacted]: Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Please provide all appraisals and evidence that it was sent to the borrower at [redacted] prior to closing Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B CA Primary Refinance - Rate/Term C B A A C B A A Non QM Non QM No
216863671 437220350 24506231 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Mortgage Broker Fee.  Fee Amount of $[redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Mortgage Broker Fee was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-02-22): [Redact] Received Valid COC


Seller Comment (2022-02-18): COC for CD
 02/22/2022 1 A CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216863671 437220350 24506385 Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. File missing rate lock. Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B CA Primary Refinance - Rate/Term C B A A C B A A Non QM Non QM No
216863684 437220352 24505753 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - File missing statement to confirm PITI to confirm if taxes and insurance are inclusive in [redacted]. Reviewer Comment (2022-03-01): Client provided tax and insurance documents for Other REO property.  Credit report used to verity P&I.


Seller Comment (2022-02-25): REO docs [Redact]
 03/01/2022 1 A NJ Primary Purchase C B C A C B B B Non QM Non QM No
216863684 437220352 24506082 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Reviewer Comment (2022-03-04): Client provided Post Disaster Inspection Report and photos dated [Redact].  Property did not suffer damage from remnants of [Redact].


Seller Comment (2022-03-02): Disaster re-inspection
 03/04/2022 1 A NJ Primary Purchase C B C A C B B B Non QM Non QM No
216863684 437220352 24506325 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Attorney's Fee (Closing Agent And Other).  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Attorney's Fee was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-02-28): [Redact] received PCCD,LOE and certified final SS for moving fee to section H.


Seller Comment (2022-02-25): Please see Signed Combined Settlement Statement


Reviewer Comment (2022-02-22): [Redact] received PCCD dated [Redact] along with LOX stating Attorney's Fee and Administration Fee has been moved to Sec H, however we require true and certified final settlement statement to verify the actual fee charged to the borrower since the PCCD provided is after 60 days. Exception remains.


Seller Comment (2022-02-17): correction- borrower letter s PCCD uploaded


Seller Comment (2022-02-17): Please see COC and PCCD uploaded
 02/28/2022 1 A NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B B B Non QM Non QM Yes
216863684 437220352 24506326 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Administration Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Administration Fee was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-02-28): [Redact] received PCCD,LOE and certified final SS for moving fee to section H.


Seller Comment (2022-02-25): Combined Settlement Statement has been uploaded


Reviewer Comment (2022-02-22): [Redact] received PCCD dated [Redact] along with LOX stating Attorney's Fee and Administration Fee has been moved to Sec H, however we require true and certified final settlement statement to verify the actual fee charged to the borrower since the PCCD provided is after 60 days. Exception remains.


Seller Comment (2022-02-17): Please see COC and PCCD
 02/28/2022 1 A NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B B B Non QM Non QM Yes
216863684 437220352 24509478 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule[redacted]: Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Please provide all appraisals and evidence that it was sent to the borrower at [redacted] prior to closing Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B NJ Primary Purchase C B C A C B B B Non QM Non QM No
216863684 437220352 24509980 Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Appraisal is required to be in name of Lender - File is missing appraisal transfer letter. Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B NJ Primary Purchase C B C A C B B B Non QM Non QM No
216863684 437220352 24510285 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - File missing proof of verification of [redacted]payment as statement disclosed on final 1003. Reviewer Comment (2022-03-01): Client provided HOA Statement showing monthly fees of $[Redact]


Seller Comment (2022-02-25): REO docs [Redact]
 03/01/2022 1 A NJ Primary Purchase C B C A C B B B Non QM Non QM No
216863687 437220385 24510228 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule [redacted]: Borrower waived right to receive a copy of the appraisal at[redacted] prior to closing, and appraisal was not provided at or before closing. Please forward evidence the appraisal was sent to the borrower. Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B CA Investment Refinance - Rate/Term B B A A B B A A N/A Exempt from ATR No
216865958 437220173 24534503 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide fully executed Business Purpose Cert.  Document in file is not signed by borrower. Reviewer Comment (2022-02-09): Business Purpose Certificate provided in trailing documents. exception cleared.


Seller Comment (2022-02-07): [Redact] [Redact]  -  Ø See attached: Fully executed NON-QM Borrower Affirmation & Certificate of Business Purpose [Redact] Product.
 02/09/2022 1 A MD Investment Refinance - Rate/Term C A C A A A No
216866421 437220363 24515386 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule [redacted]: Creditor did not provide List of Homeownership Counseling Organizations to borrower. Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B CA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216866421 437220363 24515444 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - SubEscrow Fee.  Fee Amount of [redacted]exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. SubEscrow  Fee not reflected on Loan estimate. No cure provided. Please send in SSPL. Unable to determine allocation of fees to providers and determine if the fee addition is acceptable or requires cure. Reviewer Comment (2022-03-11): [Redact]  Received Loan estimate dated xx/xx/xxxx. SSPL is available on file. Upon further review, no tolerance breach was found. Exception cleared.


Seller Comment (2022-03-09): Please see LE [Redact] and Confirmation received/reviewed by borrower


Reviewer Comment (2022-03-09): [Redact] Upon further review we have Initial 1003 dated [Redact] already present in the file also Received one more Initial 1003 dated [Redact] along with settlement Service Provider List dated [Redact] and there is no Initial Loan Estimate present in the file which was disclosed within 3 business days of Application Date. Please provide Initial Loan Estimate. Tolerance Category will be re-evaluated once we received Initial Loan Estimate.


Seller Comment (2022-03-08): Please see copy of 1003 dated [Redact]


Reviewer Comment (2022-02-28): [Redact] received SSPL list but upon further review it should be disclosed within three days of application dated [Redact].


Seller Comment (2022-02-25): Providers List


Reviewer Comment (2022-02-17): [Redact] required Settlement statement provider list in order to verify the fee.


Seller Comment (2022-02-17): Theses fees are in section C and are not subjected to the 10% Tolerance Rule.. Please waive condition.
 03/11/2022 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216866421 437220363 24515445 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Wire /Funding/ Disbursement Fee.  Fee Amount of [redacted]exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Wire Fee not reflected on Loan estimate. No cure provided. Please send in SSPL. Unable to determine allocation of fees to providers and determine if the fee addition is acceptable or requires cure. Reviewer Comment (2022-03-11): [Redact]  Received Loan estimate dated xx/xx/xxxx. SSPL is available on file. Upon further review, no tolerance breach was found. Exception cleared.


Seller Comment (2022-03-09): uploaded LE [Redact] and Confirmation received/reviewed by borrower


Reviewer Comment (2022-03-09): [Redact] Upon further review we have Initial 1003 dated [Redact] already present in the file also Received one more Initial 1003 dated [Redact] along with settlement Service Provider List dated [Redact] and there is no Initial Loan Estimate present in the file which was disclosed within 3 business days of Application Date. Please provide Initial Loan Estimate. Tolerance Category will be re-evaluated once we received Initial Loan Estimate.


Seller Comment (2022-03-07): Please see initial 1003 dated[Redact]


Reviewer Comment (2022-02-28): [Redact] received SSPL list but upon further review it should be disclosed within three days of application dated [Redact].


Seller Comment (2022-02-25): Providers List uploaded


Reviewer Comment (2022-02-17): [Redact] required Settlement statement provider list in order to verify the fee.


Seller Comment (2022-02-17): Theses fees are in section C and are not subjected to the 10% Tolerance Rule.. Please waive condition.
 03/11/2022 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216866421 437220363 24515499 Compliance Compliance Federal Compliance TRID Defect TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within [redacted] of application. No evidence of earlier disclosure provided. Reviewer Comment (2022-03-11): [Redact] Received LE dated xx/xx/xxxx which is within 3 days of the initial application date.


Seller Comment (2022-03-09): Initial LE uploaded
 03/11/2022 1 A CA Primary Refinance - Cash-out - Other No Defined Cure C B A A C B A A Non QM Non QM No
216866421 437220363 24515506 Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Timing ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [redacted]of the loan application date. No evidence of earlier disclosure provided. Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B CA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM Yes
216866421 437220363 24515548 Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Service provided list not provided for review. Reviewer Comment (2022-03-11): [Redact] Received SSPL dated xx/xx/xxxx which is within 3 days of the initial application date.
 03/11/2022 1 A CA Primary Refinance - Cash-out - Other No Defined Cure C B A A C B A A Non QM Non QM No
216872459 437220913 24515488 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - 02/01/2022 1 A MI Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216872459 437220913 24612355 Credit Credit Miscellaneous Guideline Credit Exception: Reviewer Comment (2022-02-03): The updated Worksheet received with the dates of 3 months bank statements corrected. As a result, the most recent months > 12 month average.


Seller Comment (2022-02-01): Please see attached
 02/03/2022 1 A MI Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216872459 437220913 24612357 Credit Credit Miscellaneous Guideline Credit Exception: 02/01/2022 1 A MI Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216872823 437220375 24518519 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule[redacted]: Creditor did not provide List of Homeownership Counseling Organizations to borrower. Please provide proof that the  List of Homeownership Counseling Organizations was sent to the borrower. Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B DE Primary Purchase C B C B C B A A Non QM Non QM No
216872823 437220375 24518520 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over [redacted]on Final Closing Disclosure provided on [redacted] not accurate. The Final CD page 4 reflects an Estimated Property Cost over Year [redacted] - which is [redacted] monthly.  The monthly property costs based on the documentation in file is [redacted] HOI + [redacted] Taxes + [redacted]- which comes to [redacted]annually. Reviewer Comment (2022-03-18): Seller acknowledges exception.


Reviewer Comment (2022-03-03): The Final CD page 4 reflects an Estimated Property Cost over Year 1 of $[Redact] - which is $[Redact] monthly.  The monthly property costs based on the documentation in file is $[Redact] HOI + $[Redact] Taxes + $[Redact] HOA = $[Redact] - which comes to $[Redact] annually. Please provide a PC CD with corrections and evidence it was sent to the borrower with explanation letter.
 03/18/2022 2 B DE Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
216872823 437220375 24518579 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Not Have Escrow -  Reason TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. The reason for no escrow account was not disclosed on page [redacted] of the final closing disclosure Reviewer Comment (2022-03-24): [Redact] received Post CD and LOX.


Reviewer Comment (2022-03-03): Please answer the escrow account question on page 4 of the CD. Please provide a PC CD with corrections and evidence it was sent to the borrower with explanation letter.
 03/24/2022 2 B DE Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
216872823 437220375 24612433 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Loan file missing CPA letter to verify self employment.  Lender exception in file, however no Compensating Factors were provided. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower's monthly mortgage payment has decreased by at least xx%.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.		 Documentation Type: [redacted]
Disposable Income: [redacted]

Borrower has been employed in the same industry for more than [redacted] years.

Borrower's Own Funds Percent: [redacted]
Borrower's Own Funds Amount: [redacted]		 Owner

Owner

Owner

Originator,Owner

Originator,Owner

Owner,Originator		 Reviewer Comment (2022-03-07): Lender approved not having a CPA letter to validate self-employment.  Alternative documentation provided.


Seller Comment (2022-03-04): UW Memo and supporting docs.


Reviewer Comment (2022-03-03): Received the updated Lender Exception. However, Business documentation in file does not verify percent ownership for the borrower. Exception remains.


Seller Comment (2022-02-27): Revised exception approval
 03/07/2022 2 B DE Primary Purchase C B C B C B A A Non QM Non QM No
216873424 437220460 24534440 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-03-23): provided as a trailing doc


Seller Comment (2022-03-21): Fraud Guard/Drive Report
 03/23/2022 1 A CA Primary Purchase C B C A B B A A Non QM Non QM No
216873424 437220460 24535151 Credit Guideline Guideline Issue Guideline Missing required income documentation . - Loan file missing third party verification of self employment (Percentage ownership, Currently active, Business start date). Reviewer Comment (2022-03-31): Documentation included in the file meets 1099 GL documentation requirements for qualifying Method One.


Seller Comment (2022-03-29): The borrower is not self employed and therefore the 3rd party verification guideline does not apply.  We have provided adequate documentation to meet the 1099-only product based on the previous UW Memo uploaded. Please re-review.


Reviewer Comment (2022-03-23): Lender verification is not considered an acceptable 3rd Party verification. Missing CPA letter, business license, etc to confirm percentage of Ownership, business start date and active at closing. Third Party Verification must be dated prior to closing; exception remains


Seller Comment (2022-03-21): Revised 1003
 03/31/2022 1 A CA Primary Purchase C B C A B B A A Non QM Non QM No
216873424 437220460 24535623 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] prior to consummation. Borrower acknowledgment of appraisal receipt xx business days prior to closing signed at closing not included in file. Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B CA Primary Purchase C B C A B B A A Non QM Non QM No
216873424 437220460 24665270 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Loan file missing third party verification of self employment (Percentage ownership, Currently active, Business start date). Reviewer Comment (2022-03-28): [Redact] 1099 and YTD earnings included in file. Updated 1003 received correcting Borrower's position/title to [Redact].
 03/28/2022 1 A CA Primary Purchase C B C A B B A A Non QM Non QM No
216873424 437220460 24665279 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Loan file missing third party verification of self employment (Percentage ownership, Currently active, Business start date). Reviewer Comment (2022-03-28): [Redact] 1099 and YTD earnings included in file. Updated 1003 received correcting Borrower's position/title to [Redact].


Seller Comment (2022-03-24): Revised 1003 based on UW Memo


Seller Comment (2022-03-24): UW Memo for this suspense condition


Reviewer Comment (2022-03-23): Lender verification is not considered an acceptable 3rd Party verification. Missing CPA letter, business license, etc to confirm percentage of Ownership, business start date and active at closing. Third Party Verification must be dated prior to closing; exception remains


Seller Comment (2022-03-21): VOE
 03/28/2022 1 A CA Primary Purchase C B C A B B A A Non QM Non QM No
216873458 437221500 24539518 Credit Title Document Error Title There is no dollar amount noted on the title policy. Reviewer Comment (2022-02-09): Received closing instructions reflecting title policy amount $[Redact]. Exception cleared.


Seller Comment (2022-02-07): Please note coverage amount is on page 2 of closing instructions. Please escalate as [Redact] was advised closing instruction with correct coverage will clear needing corrected title. Further, All my other loans with this condition have been cleared using closing instructions.


Reviewer Comment (2022-02-02): Received duplicate copy of Preliminary Report which does not disclose the dollar amount of coverage.  Exception remains.


Seller Comment (2022-01-31): Uploaded closing instruction coverage amount on page 2 boxed in red
 02/09/2022 1 A HI Investment Refinance - Rate/Term C A C A A A No
216873458 437221500 24546473 Credit Missing Document General Missing Document Missing Document: HUD/CD not provided Per guidelines on a[redacted], the closing statement evidencing a cash sale must be provided and evidence of the source of funds used to purchase must be documented as the Applicant's own. Recoupment of gift funds is deemed to be cash out. Max proceeds not to exceed Applicant's documented investment. Provide copy of final closing statement/CD for purchase of the property within [redacted] of the application date on the subject. Reviewer Comment (2022-03-03): HUD and wires in file. Wires sources.


Reviewer Comment (2022-03-03): The follow-up is for bank statements from [Redact] for the month of [Redact] and [Redact] [Redact] showing withdrawals. The received are Loan statements that highlighted draws. No evidence is available to verify that those draws are credited to borrowers' accounts. The wire transfer shows the amount that was transferred from [Redact] account #[Redact]. Per Guidelines, evidence of the source of funds used to purchase must be documented as the Applicant's own. Exception Remains.


Seller Comment (2022-02-28): I uploaded BOA bank statements on [Redact] to show withdrawals page 4-12.


Reviewer Comment (2022-02-25): We are in receipt of the five wire confirmations that make up $[Redact] used for the initial purchase of the subject property.
Provide bank statements from [Redact] for [Redact] [Redact]and [Redact] [Redact] showing the corresponding withdrawals.


Seller Comment (2022-02-23): Source of funds.


Seller Comment (2022-02-23): Source of Funds


Reviewer Comment (2022-02-15): Received the [Redact] closing statement which is sufficient.  However, the source of the funds is not complete.  The closing statement shows 5 separate deposits that do not match up with the [Redact] statement provided and there is no evidence to link the [Redact] withdrawals to the purchase of the property.  Exception remains for evidence of the source of funds to purchase the property were the borrowers own funds.  Exception remains.  [Redact].


Seller Comment (2022-02-08): Uploaded source of funds for subject purchase


Seller Comment (2022-02-08): Uploaded C/C of HUD, not required to be sign if certified copy.


Reviewer Comment (2022-02-02): Recieved settlement statement from purchase of property, however it is not executed or stamped.  Further, the source of funds used to purchase the property must be documented.  Exception remains.


Seller Comment (2022-01-31): Final Hud purchase of subject
 03/03/2022 1 A HI Investment Refinance - Rate/Term C A C A A A No
216873459 437221501 24539739 Credit Credit Credit Eligibility Credit Refi Purpose reflects Rate/Term and cash out is greater than the lesser of 2% of the loan amount or $2000. Reviewer Comment (2022-02-02): Purchase Hud of the subject property on [Redact] received. Guideline requirements for Technical Refinance met.
 02/02/2022 1 A HI Investment Refinance - Rate/Term C A C A A A No
216874044 437220993 24544027 Credit Credit Credit Documentation Guideline Missing Document: Asset not provided Please provide asset verification to source funds for closing of [redacted]. Reviewer Comment (2022-02-24): Final executed CDs dated [Redact] for the properties located at [Redact] and [Redact] provided verifying cash out proceeds exceeding the amount of the funds needed for closing on subject property. Exception cleared.


Seller Comment (2022-02-22): • Final CD from refinance of [Redact] confirming the borrower received cash back of $[Redact]
 02/24/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
216874044 437220993 24638534 Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Please provide evidence of funds brought to closing in the amount of [redacted]. Reviewer Comment (2022-02-24): Final executed CDs dated [Redact] for the properties located at [Redact] and [Redact] provided verifying cash out proceeds exceeding the amount of the funds needed for closing on subject property. Exception cleared.


Seller Comment (2022-02-22): • Final CD from refinance of [Redact] confirming the borrower received cash back of $[Redact]


Seller Comment (2022-02-22): • Final CD from refinance of [Redact] St confirming the borrower received cash back of $[Redact]
 02/24/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
216874052 437220455 24516853 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-03-01): Client provided DRIVE Fraud Report.


Seller Comment (2022-02-25): Fraud Guard/Drive report
 03/01/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216874052 437220455 24517202 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Monthly hazard, taxes and HOAs are [redacted], not the [redacted] on the CD. Please provide corrected CD with evidence it was sent to the borrower with an explanation, or corrected supporting escrow documentation. Reviewer Comment (2022-03-09): Exception was cured prior to discovery.


Seller Comment (2022-03-07): Please see Property tax assessment for [Redact]-[Redact] property taxes were based off these and est cost year 1 is correct - please review and clear
 03/09/2022 2 B CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
216874052 437220455 24612477 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule[redacted]: Creditor did not provide a copy of each valuation to applicant[redacted] prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at [redacted] prior to closing. Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216874053 437220324 24521470 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule [redacted]: Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Please provide a copy of the appraisal delivered to the borrower on[redacted], as well as all other copies and evidence they were received at least x days prior to closing. Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B CA Investment Refinance - Rate/Term B B A A B B A A N/A Exempt from ATR No
216874054 437220399 24518048 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - The file is missing the mortgage statement or other documentation to confirm the PITIA for the recently refinanced REO property located[redacted]. Reviewer Comment (2022-03-01): Client provided Final CD for refi of Other REO property as requested.


Seller Comment (2022-02-25): REO Docs
 03/01/2022 1 A CA Investment Refinance - Rate/Term C B C A B B A A N/A Exempt from ATR No
216874054 437220399 24518962 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted]s prior to consummation. .             Provide all appraisals and evidence they were all sent to the borrower at least[redacted]prior to closing. Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B CA Investment Refinance - Rate/Term C B C A B B A A N/A Exempt from ATR No
216874054 437220399 24520142 Credit Credit Miscellaneous Guideline Credit Exception: 1008 Underwriter Comments state subject loan is closing concurrently with [redacted]. Provide final CD for closed loan[redacted] Reviewer Comment (2022-03-01): Client provided copy of Final CD for refi of Other REO property as requested.


Seller Comment (2022-02-25): CD for property that closed concurrently.
 03/01/2022 1 A CA Investment Refinance - Rate/Term C B C A B B A A N/A Exempt from ATR No
216874057 437220998 24517076 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-14): Received initial 1003.  Exception cleared


Seller Comment (2022-02-10): initial 1003
 02/14/2022 1 A CA Primary Purchase B B A A B B A A Non QM Non QM No
216874057 437220998 24517741 Compliance Compliance Federal Compliance RESPA RESPA Disclosure -  List of Homeownership Counseling Organizations Older Than 30 days When Provided to Borrower RESPA Disclosure Rule [redacted]: List of Homeownership Counseling Organizations was older than [redacted] when provided to borrower. Homeownership Counseling List Date [redacted], more than [redacted] prior. Reviewer Comment (2022-02-14): Exception waived with no grade change.


Seller Comment (2022-02-10): Seller requests buyer review: Please waive this exception with no grade change
 02/14/2022 2 B CA Primary Purchase B B A A B B A A Non QM Non QM No
216874057 437220998 24517833 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] prior to consummation. .             Provide all appraisals and evidence they were all sent to the borrower at least 3 days prior to closing. Reviewer Comment (2022-02-14): Received receipt of appraisal.  Exception cleared


Seller Comment (2022-02-10): • Tracking information confirming the appraisal was delivered to the borrower > 3 days prior to consummation


Seller Comment (2022-02-10): appraisal
 02/14/2022 1 A CA Primary Purchase B B A A B B A A Non QM Non QM No
216874058 437221022 24517267 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-10): Received.


Seller Comment (2022-02-07): Initial docs disclosure tracking


Seller Comment (2022-02-07): initial URLA
 02/10/2022 1 A CA Primary Purchase B A A A B A A A Non QM Non QM No
216874059 437221031 24518576 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-14): Received signed and dated Initial 1003's; exception cleared.


Seller Comment (2022-02-09): • Initial 1003 for borrower #3


Seller Comment (2022-02-09): • Initial 1003 for borrowers #1 & #2
 02/14/2022 1 A CA Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216874059 437221031 24519724 Compliance Compliance Federal Compliance TILA TILA - Impermissible Prepayment Penalty Truth in Lending Act [redacted]: Covered transaction contains impermissible prepayment penalty. Loan testing as QM since Business Purpose Certificate is missing. Reviewer Comment (2022-02-14): Rec'd signed Business Purpose Certificate.


Seller Comment (2022-02-09): • Borrower Certification of Business Purpose
 02/14/2022 1 A CA Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216874059 437221031 24522268 Credit Credit Miscellaneous Guideline Credit Exception: Please forward the Business Purpose Cert. Reviewer Comment (2022-02-14): Received


Seller Comment (2022-02-09): • Borrower Certification of Business Purpose
 02/14/2022 1 A CA Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216874059 437221031 24522318 Credit Credit Miscellaneous Guideline Credit Exception: XXXX mortgage payment history was on the Credit Report for [redacted]as well and the Lease and X canceled checks for prior rental history. Please provide an additional [redacted] of rental payment history (canceled checks). Reviewer Comment (2022-02-14): Rec'd Original Lease and Modified lease, as well as, 12 months cancelled checks.  Exception cleared.


Seller Comment (2022-02-09): amended lease payments


Seller Comment (2022-02-09): amended lease


Seller Comment (2022-02-09): Original Lease payments


Seller Comment (2022-02-09): original Lease
 02/14/2022 1 A CA Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216874059 437221031 24665395 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule [redacted]: Borrower waived right to receive a copy of the appraisal at least xx (x) business days prior to closing, and appraisal was not provided at or before closing. Provide all appraisals and evidence they were all sent to the borrower at closing. Reviewer Comment (2022-02-14): Client acknowledges and waives


Seller Comment (2022-02-09): Seller requests buyer review: Please waive this exception with no grade change
 02/14/2022 2 B CA Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216874059 437221031 24789472 Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - Not Tested As Primary The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their[redacted]. (Compliance testing performed based on the Occupancy Type of Investment).  Determination has not been made as to whether the loan would be High Cost and/or HPML if ran as a [redacted]. Added [redacted] upon receipt of Initial 1003's; The Initial and Final 1003's for[redacted], reflect in declarations they intend to occupy as [redacted] Reviewer Comment (2022-03-01): Client provided revised 1003s showing borrowers do not intend to occupy property as primary residence.


Seller Comment (2022-02-25): initial 1003


Seller Comment (2022-02-25): Final 1003


Seller Comment (2022-02-25): • Initial and Final 1003's for [Redact] & [Redact] with the declarations questions updated to reflect that they do not intend to occupy the subject
 03/01/2022 1 A CA Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216874061 437221453 24519659 Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - Not Tested As Primary The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their [redacted]. (Compliance testing performed based on the Occupancy Type of Investment).  Determination has not been made as to whether the loan would be High Cost and/or HPML if ran as a [redacted]. Reviewer Comment (2022-02-07): In consideration of rebuttal and guidelines, this issue is cleared.


Seller Comment (2022-02-03): Loan was put through as an investment property - originated as primary however once  reviewed was changed to investment property
 02/07/2022 1 A CA Investment Refinance - Rate/Term C A A A C A A A N/A Exempt from ATR No
216875377 437220472 24528878 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Please provide the UW's Income Worksheet.  Unable to determine exactly which accounts were used for income. Reviewer Comment (2022-03-03): Client provided Bank Statement Worksheet.


Seller Comment (2022-02-28): Income calculation worksheet
 03/03/2022 1 A TX Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216875377 437220472 24529333 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Attorney Review Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Attorney Review fee was not listed on Loan Estimate. Fee increased from[redacted] to[redacted].00 Final Closing Disclosure. Sufficient cure was provided at closing. Reviewer Comment (2022-01-19): Sufficient Cure Provided At Closing
 01/19/2022 1 A TX Primary Refinance - Cash-out - Other Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
216875377 437220472 24529342 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee.  Fee Amount of[redacted]exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Loan Origination  fee was not listed on Loan Estimate. Fee increased from [redacted] Final Closing Disclosure. Sufficient cure was provided at closing. Reviewer Comment (2022-01-19): Sufficient Cure Provided At Closing
 01/19/2022 1 A TX Primary Refinance - Cash-out - Other Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
216875377 437220472 24529347 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Provided) [redacted]: Borrower did not receive written "Acknowledgment of the Fair Market Value" of[redacted] Reviewer Comment (2022-03-17): Acknowledgment of the Fair Market Value executed by Borrowers received.


Seller Comment (2022-03-15): Acknowledgement of Fair Market Value attached
 03/17/2022 1 A TX Primary Refinance - Cash-out - Other To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree.  Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. C B C A C B A A Non QM Non QM Yes
216875377 437220472 24529461 Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. Provide evidence of the initial and any subsequent rate lock dates. Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B TX Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216875377 437220472 24529509 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Loan closed prior to expiration of 12-day cooling off period) Unable to determine if borrower received Revised Notice Concerning Extensions of Credit as required by Section [redacted] and Section [redacted] due to missing information. Please provide evidence that loan closed after the expiration of the [redacted] cooling off period. Provide signed Notice Concerning Extensions of Credit. Reviewer Comment (2022-03-17): Executed Notice Concerning Extension of Credit received.


Seller Comment (2022-03-15): Please see Notice Concerning Extension of Credit attached
 03/17/2022 1 A TX Primary Refinance - Cash-out - Other Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. C B C A C B A A Non QM Non QM Yes
216875377 437220472 24529581 Compliance Compliance State Compliance Misc. State Level (TX50(a)(6)) Texas Cash-out Loan (T-42 Endorsement Not Obtained) [redacted]): Acceptable [redacted] title insurance endorsements not obtained for home equity loan.  The loan file does not evidence the Title Policy includes the [redacted] endorsement or the [redacted]endorsement. [redacted] Reviewer Comment (2022-01-28): Seller acknowledges exception.
 01/28/2022 2 B TX Primary Refinance - Cash-out - Other The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation C B C A C B A A Non QM Non QM No
216875377 437220472 24530971 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (No evidence that borrower received copies of all documents signed at closing) [redacted].   No evidence that borrower(s) received copies of all documents signed at time of closing. Please provide evidence that borrower received copies of all documents signed at the time of closing. Reviewer Comment (2022-03-22): provided as a trailing doc


Seller Comment (2022-03-17): [Redact] receipt of docs attached
 03/22/2022 1 A TX Primary Refinance - Cash-out - Other Either Deliver the required documents to the borrower or refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. C B C A C B A A Non QM Non QM Yes
216875377 437220472 25062476 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) [redacted]): Acknowledgment of the Fair Market Value not properly executed by the Lender. Reviewer Comment (2022-04-05): Received Acknowledgment of Fair Market Value signed by the Lender.


Seller Comment (2022-04-01): [Redact] Fair Market Ack attached


Reviewer Comment (2022-03-24): The document was received but signed post close and does not meet guideline requirements.


Seller Comment (2022-03-22): Ack of Fair Market attached
 04/05/2022 1 A TX Primary Refinance - Cash-out - Other To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents, (AFMV signed by the lender), and obtain an executed copy; OR (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. C B C A C B A A Non QM Non QM Yes
216877671 437221404 24529763 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx [redacted] Reviewer Comment (2022-02-04): [Redact] received initial CDs.


Seller Comment (2022-02-03): Initial CD and second CD
 02/04/2022 1 A NC Second Home Refinance - Cash-out - Other No Defined Cure C A A A C A A A Non QM Non QM No
216877672 437221428 24532300 Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Issue and Received Date >  Closing Disclosure Issue and Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (The Revised Loan Estimate was received on or after the Closing Disclosure.) A Closing Disclosure was issued on [redacted] which was the same date as the Loan Estimate was issued. Reviewer Comment (2022-02-17): [Redact] received confirmation of initial CD.


Seller Comment (2022-02-16): Lender attestation


Reviewer Comment (2022-02-14): [Redact] received [Redact] CD and Disclosure tracking.  In order to remove disclosure from tracking (since it was not signed by borrower and no indication in file that borrower received or was disclosed this CD), provide an executed  Lender Attestation specifying which CD was the closing agent's CD, that it was included in package in error and never disclosed to borrower.  Upon receipt, we can remove and retest.


Seller Comment (2022-02-11): Please disregard [Redact], initial LE was disclosed on [Redact]. Sorry for my confusion.


Seller Comment (2022-02-11): CD dated [Redact], [Redact] did not disclose said CD, this is Closing agent buyer and seller CD disclosing buyer and seller fees in order for [Redact] to complete initial LE. Uploaded [Redact] disclosure tracking to show [Redact] did not disclose a initial CD on [Redact], initial CD was not disclosed until [Redact] and CD provided to [Redact] from escrow, please see top of escrow CD dated which states to compare this with your LE.
 02/17/2022 1 A HI Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
216877672 437221428 24532301 Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Issue and Received Date >  Closing Disclosure Issue and Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (The Revised Loan Estimate was received on or after the Closing Disclosure.) A Loan Estimate was issued on [redacted] which is after the date of the Closing Disclosure which was issued on [redacted]. Reviewer Comment (2022-02-17): [Redact] received confirmation of initial CD.


Seller Comment (2022-02-16): Lender attestation.


Reviewer Comment (2022-02-14): [Redact] received [Redact] CD and Disclosure tracking.  In order to remove disclosure from tracking (since it was not signed by borrower and no indication in file that borrower received or was disclosed this CD), provide an executed  Lender Attestation specifying which CD was the closing agent's CD, that it was included in package in error and never disclosed to borrower.  Upon receipt, we can remove and retest.


Seller Comment (2022-02-11): Please disregard [Redact], initial LE was disclosed on [Redact]. Sorry for my confusion


Seller Comment (2022-02-11): CD dated [Redact], [Redact] did not disclose said CD, this is Closing agent buyer and seller CD disclosing buyer and seller fees in order for [Redact] to complete initial LE. Uploaded [Redact] disclosure tracking to show [Redact] did not disclose a initial CD on [Redact], initial CD was not disclosed until [Redact] and CD provided to [Redact] from escrow, please see top of escrow CD dated which states to compare this with your LE.
 02/17/2022 1 A HI Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
216877674 437221455 24531183 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure of [redacted] was provided Reviewer Comment (2022-01-19): Sufficient Cure Provided At Closing
 01/19/2022 1 A TX Primary Refinance - Rate/Term Final CD evidences Cure C A C A B A A A Non QM Non QM Yes
216877674 437221455 24638951 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant xx [redacted] prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least [redacted] prior to closing. Reviewer Comment (2022-02-14): Received copy of appraisal delivery notice to the borrower.  Exception is cleared.


Seller Comment (2022-02-09): Appraisal delivery.
 02/14/2022 1 A TX Primary Refinance - Rate/Term C A C A B A A A Non QM Non QM No
216877674 437221455 24639041 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Income worksheet missing from the file. Reviewer Comment (2022-02-14): Received Underwriters Income worksheet for both businesses.  Exception is cleared.


Seller Comment (2022-02-09): [Redact]


Seller Comment (2022-02-09): Income [Redact]
 02/14/2022 1 A TX Primary Refinance - Rate/Term C A C A B A A A Non QM Non QM No
216879510 437220184 24530392 Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Appraisal is required to be in name of Lender - Please provide Appraisal Transfer Letter for outside appraisal. Reviewer Comment (2022-02-15): Documentation received.  Exception cleared. [Redact].


Seller Comment (2022-02-08): [Redact] [Redact] -  xxxx license verification provided


Reviewer Comment (2022-02-04): Per guidelines: "The xxxx to provide an assignment of appraisal to the seller. In lieu of this requirement the xxxx's business license must be independently verified by the seller."  Provide acceptable documentation verifying the transferring xxxx's business license.  Approval of the xxxx by originating lender is insufficient.  Exception remains.


Seller Comment (2022-02-02): [Redact] [Redact] - Ø See attached supporting document : The broker is an ED and the xxxx is on the [Redact] approved list.  [Redact] guidance states in lieu of assignment the xxxx's license must be verified by [Redact].
 02/15/2022 1 A CA Primary Purchase C B A A C B B A Non QM Non QM No
216879510 437220184 24531198 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Recording Fee increased from [redacted] on PC CD. [redacted]Fee Tolerance exceeded by [redacted] with No cure or changed circumstance provided. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changed made, or VCC. Reviewer Comment (2022-02-16): [Redact] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected PCCD.


Seller Comment (2022-02-15): [Redact] [Redact] - PCCD, check and proof of delivery to review


Reviewer Comment (2022-02-03): [Redact] further review Recording fee increased on CD dated [Redact] $[Redact] from $[Redact], file does not contain a valid COC or Cure for the fee increased due to fees were exceeds 10% tolerance $[Redact] (ILE $[Redact]+10%($[Redact])=$[Redact]-$[Redact] FCD). Please provide a valid COC with additional information for the Recording fee increased on [Redact] or Sufficient lender cure is required with Cure consists of corrected CD, LOE to borrower, proof of mailing, and copy of refund check.


Seller Comment (2022-02-02): [Redact] [Redact] - SSPL for review
 02/16/2022 2 B CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B B A Non QM Non QM Yes
216879511 437220187 24531719 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-02): Documentation received.  Exception cleared. [Redact].
 02/02/2022 1 A NJ Primary Purchase B A A A B A A A Non QM Non QM No
216881396 437220506 24531209 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Non-Owner Occupancy Declaration not provided Reviewer Comment (2022-03-15): Cleared.


Seller Comment (2022-03-11): Occupancy Cert attached
 03/15/2022 1 A MA Investment Refinance - Cash-out - Other C A C A A A No
216881396 437220506 24531257 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please forward the Business Purpose Cert. Reviewer Comment (2022-03-14): Received Business Purpose Certificate document and Associated. Exception Cleared.


Seller Comment (2022-03-11): Non-QM Cert attached
 03/14/2022 1 A MA Investment Refinance - Cash-out - Other C A C A A A No
216881396 437220506 24531289 Credit Credit Miscellaneous Guideline Credit Exception: Please forward the Inquiry Letter of Explanation. Reviewer Comment (2022-03-02): Consumer Explanation Letter received. Exception cleared.


Seller Comment (2022-02-27): Credit inquiry letter
 03/02/2022 1 A MA Investment Refinance - Cash-out - Other C A C A A A No
216881397 437220413 24529807 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide fully executed Business Purpose Certificate. Reviewer Comment (2022-03-15): Received Business Purpose Certificate, Exception Cleared


Seller Comment (2022-03-14): Non-QM Cert attached
 03/15/2022 1 A CA Investment Purchase C A C A A A No
216881398 437220589 24531784 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide the fraud report. Reviewer Comment (2022-03-01): Received Fraud Report from Drive, verified and associated the document, hence exception cleared.


Seller Comment (2022-02-27): Fraud Guard/Drive report to clear missing fraud report and background check conditions
 03/01/2022 1 A PA Investment Purchase C A C A A A No
216881398 437220589 24531822 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided Please provide the fraud report with a background check. Reviewer Comment (2022-03-03): DRIVE Scoring Results received. Exception cleared.


Seller Comment (2022-03-01): Background check should be cleared with Fraud Guard/Drive report previously uploaded.  Please re-review and let us know why this condition remains open if it cannot be cleared with what was provided.
 03/03/2022 1 A PA Investment Purchase C A C A A A No
216881398 437220589 24533579 Credit Fix and Flip General Fix and Flip The Non-Owner Occupied Certification was not signed by all required borrowers and thus casts doubt on the business purpose of the loan. Please provide the signed non-owner occupied certification. Reviewer Comment (2022-03-15): Received Occupancy Certificate singed and dated. Exception Cleared.


Seller Comment (2022-03-14): Occupancy Cert attached
 03/15/2022 1 A PA Investment Purchase C A C A A A No
216881401 437220415 24534176 Credit Fix and Flip General Fix and Flip The Non-Owner Occupied Certification was not signed by all required borrowers and thus casts doubt on the business purpose of the loan. Please provide the signed non-owner occupied certification. Reviewer Comment (2022-03-15): Received signed copy of Occupancy Certificate, verified and associated the document, hence exception cleared.


Seller Comment (2022-03-14): Occupancy Cert attached
 03/15/2022 1 A CA Investment Purchase C A C A C A No
216881401 437220415 24600333 Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is missing secondary valuation product required for securitization. Reviewer Comment (2022-03-09): Received


Reviewer Comment (2022-03-07): Downgraded on what basis?  The document is required by both guidelines and securitization requirements.


Seller Comment (2022-03-04): Please let us know if it will be possible to downgrade this exception and the additional one tied to it from a 3 to a 2


Reviewer Comment (2022-03-03): Please provide Desk Review or second appraisal because AVM is not acceptable document, hence exception remains.


Seller Comment (2022-03-02): FSD score


Reviewer Comment (2022-03-01): Received AVM on [Redact] however FSD and Confidence score is not present in this document , kindly provide updated AVM with FSD and Confidence score to clear this exception, Exception Remains


Seller Comment (2022-02-28): Desk review/Secondary valuation
 03/09/2022 1 A CA Investment Purchase C A C A C A No
216881401 437220415 25002424 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  AVM supports value.  Vendor/FSD do not meet Fitch criteria.; Sec ID: 10 House[redacted] Reviewer Comment (2022-03-22): CDA received


Seller Comment (2022-03-21): CDA attached


Reviewer Comment (2022-03-16): Clear Capital AVM verifies a lower FSD score. CDA required. Exception remains for CDA.


Seller Comment (2022-03-14): Can you please clarify what is needed for this? Thank you!
 03/22/2022 1 A CA Investment Purchase C A C A C A No
216881401 437220415 25002495 Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Missing Secondary Valuation. Guidelines require [redacted]. Reviewer Comment (2022-03-22): Received


Seller Comment (2022-03-21): CDA uploaded [Redact]


Seller Comment (2022-03-21): CDA


Reviewer Comment (2022-03-16): Clear Capital AVM received, however GLS state a CDA is required. Exception remains.


Seller Comment (2022-03-15): Secondary valuation.
 03/22/2022 1 A CA Investment Purchase C A C A C A No
216881402 437220274 24537756 Credit Fix and Flip General Fix and Flip The Non-Owner Occupied Certification was not signed by all required borrowers and thus casts doubt on the business purpose of the loan. Please provide the signed non-owner occupied (business purpose) certificate. Reviewer Comment (2022-03-15): Received Signed and dated Non-Owner Occupied Certificate, Exception Cleared


Seller Comment (2022-03-14): Occupancy Cert attached
 03/15/2022 1 A NY Investment Refinance - Cash-out - Other C A C A A A No
216881403 437220394 24535719 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide the business purpose certificate. Reviewer Comment (2022-03-11): Received Business Purpose Certificate dated and signed by the borrower and document associated. Exception cleared.


Seller Comment (2022-03-09): Non-QM Borrower Cert attached
 03/11/2022 1 A WA Investment Refinance - Cash-out - Other C A C A A A No
216881403 437220394 24537485 Credit Credit Credit Documentation Credit Absence of Business Purpose Certificate and/or Non-Owner Occupancy Declaration and/or UW Business Purpose Analysis and thus casts doubt on the business purpose of the loan. Please provide Business Purpose Certificate. Reviewer Comment (2022-03-11): Received.


Seller Comment (2022-03-09): Occupancy Cert attached
 03/11/2022 1 A WA Investment Refinance - Cash-out - Other C A C A A A No
216881404 437220440 24537872 Credit Fix and Flip General Fix and Flip The Non-Owner Occupied Certification was not signed by all required borrowers and thus casts doubt on the business purpose of the loan. Please provide the signed non-owner occupied certificate. Reviewer Comment (2022-03-16): Received signed copy of occupancy certificate, verified and associated the document, hence exception cleared.


Seller Comment (2022-03-15): Occupancy Cert attached
 03/16/2022 1 A AZ Investment Purchase C A C A A A N/A No
216881405 437220409 24534179 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided Reviewer Comment (2022-03-28): Received.
 03/28/2022 1 A TX Investment Purchase C A C A A A No
216881405 437220409 24534182 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-03-28): Fraud Report received and verified the details. Exception cleared


Seller Comment (2022-03-25): Fraudguard attached
 03/28/2022 1 A TX Investment Purchase C A C A A A No
216881405 437220409 24535137 Credit Credit Miscellaneous Guideline Credit Exception: Please provided the Inquiry Letter of Explanation. Reviewer Comment (2022-03-28): No longer required.


Seller Comment (2022-03-25): Memo attached
 03/28/2022 1 A TX Investment Purchase C A C A A A No
216881405 437220409 24535196 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide the Business Purpose Certificate. Reviewer Comment (2022-03-17): Received Business Purpose Certificate, Exception Cleared


Seller Comment (2022-03-15): Non-QM Cert attached
 03/17/2022 1 A TX Investment Purchase C A C A A A No
216884676 437220507 24548060 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted] or [redacted].  Insufficient or no cure was provided to the borrower. Ten Percent  Fee exceeds guideline tolerance without a valid COC Reviewer Comment (2022-03-07): [Redact] received valid changed circumstance.


Seller Comment (2022-03-07): COC [Redact]


Reviewer Comment (2022-03-07): [Redact] further review does not received [Redact] COC instead of Seller has been uploaded [Redact] COC on [Redact]. Moreover, provided Seller LOE did not provide information on change that necessitated the addition of Title - Subordination fee and Title - Document Preparation fee added as well as Recording fee increased. Additional Information on changes is needed to determined fee can be rebase lined or provide sufficient cure along with cure documents in order to clear this exception.


Seller Comment (2022-03-04): COC has been uploaded on [Redact]. Seller LOE provided. Please rush. Thank you!


Reviewer Comment (2022-03-04): [Redact]  Received LE anc COC dated [Redact], however the 10% fees were impacted on [Redact]. Title - Subordination fee and Title Document Preparation Fee were added and Recording fee increased on CD dated [Redact]. Seller commented that they have uploaded the COC dated [Redact], but we do not have the document available. Please provide a valid COC stating reason why the title fees changed or provide cure documents.


Seller Comment (2022-03-02): LE [Redact] and COC [Redact] uploaded.


Reviewer Comment (2022-02-28): [Redact] received new CD dated [Redact] that shows addition of Title - Document preparation & Title - Subordination fee.  Changed circumstance supporting the addition of the fees on the [Redact] CD was not provided.  Changed circumstance for addition of fees or cure is required.


Seller Comment (2022-02-25): There is no reason for a COC for CD [Redact] as no fees changed. I have uploaded the attached please escalate condition.


Reviewer Comment (2022-02-11): [Redact] received changed circumstances for [Redact], [Redact], and [Redact] disclosures.  Recording fee increased and document preparation fee was added on the [Redact] CD.  Missing valid changed circumstance for [Redact] CD.  Changed circumstance or cure required.


Seller Comment (2022-02-09): LOE and COC dated [Redact], [Redact] and [Redact] provided.
 03/07/2022 1 A CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
216884676 437220507 24548061 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Appraisal Fee exceeds guideline tolerance without a valid COC. Changed circumstance included in the file reflects the loan being locked and the change affecting settlement charges, but does not indicate the settlement charges affected.  The only LE in the file is dated [redacted], Reviewer Comment (2022-03-04): [Redact] received COC dated [Redact] showing a valid reason for change. No additional cure is needed.


Seller Comment (2022-03-02): LE [Redact] provided.


Reviewer Comment (2022-02-28): [Redact] received a changed circumstance dated [Redact] for a Appraisal fee increased, but there is no LE dated within that time frame. Provide any missing LE to associate with the changed circumstance or provide changed circumstance for the LE dated [Redact] for the Appraisal fee increased or cure is required.


Seller Comment (2022-02-25): There is no reason for a COC for CD [Redact] as no fees changed. I have uploaded the attached please escalate condition.
 03/04/2022 1 A CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
216884676 437220507 24552341 Credit Credit Credit Documentation Credit Missing Document: Subordination Agreement not provided Subordination Agreement included in the file reflects a first mortgage amount of [redacted], the subject loan is [redacted]. Provide a copy of the subordination agreement sent for recording verifying first lien amount of [redacted]. Reviewer Comment (2022-03-17): Subordination agreement signed and notarized by [Redact] received.


Seller Comment (2022-03-15): Executed Subordination Agreement


Reviewer Comment (2022-02-28): The document uploaded is the same Subordination Agreement that was previously provided.  We need a corrected Subordination Agreement showing the loan amount is $[Redact].  The Exception remains.


Seller Comment (2022-02-24): Subordination Agreement
 03/17/2022 1 A CA Primary Refinance - Rate/Term C A C A C A A A Non QM Non QM No
216884676 437220507 24632399 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-02-28): [Redact] received updated LE for the corresponding COC dated [Redact] for the Loan discount point increased due to Rate has been locked.


Seller Comment (2022-02-25): There is no reason for a COC for CD [Redact] as no fees changed. I have uploaded the attached please escalate condition.
 02/28/2022 1 A CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
216884708 437220442 24543045 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Please provide sufficient coverage to satisfy the loan amount or the estimated cost new as indicated on the appraisal. Reviewer Comment (2022-03-29): Replacement Cost Estimate received. Dwelling coverage is equal to cost to replace.


Seller Comment (2022-03-25): Replacement Cost Est attached


Reviewer Comment (2022-03-22): The HOI provided is a post close document and does not meet guideline requirements. Please provide sufficient coverage to satisfy the Loan Amount or Estimated cost new as indicated on the appraisal or provide the Replacement Cost Estimator indicating the coverage is sufficient (at or prior to close).


Seller Comment (2022-03-18): HOI attached
 03/29/2022 1 A MA Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216884708 437220442 24543429 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Loan testing as QM due to missing signed Business Purpose Certificate and Occupancy Certificate.  No cure or changed circumstance provided. Reviewer Comment (2022-03-21): [Redact] received VCC dated [Redact] for rate lock.


Seller Comment (2022-03-17): Please see [Redact] COC adding discount pts[Redact]


Reviewer Comment (2022-03-03): [Redact] received LOE for change in origination fee but no information is available for increase in discount points on CD dated [Redact]. Please provide a valid COC or need cure documents.


Seller Comment (2022-03-02): Please see [Redact] Letter
 03/21/2022 1 A MA Investment Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A N/A Exempt from ATR Yes
216884708 437220442 24543430 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Document Preparation Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Loan testing as QM due to missing signed Business Purpose Certificate and Occupancy Certificate.  No cure or changed circumstance provided. Reviewer Comment (2022-03-21): [Redact] received LOE for clerical error, fee names updated.


Seller Comment (2022-03-18): Please see LOE attached


Reviewer Comment (2022-03-03): [Redact] received letter of explanation for system glitch. The total amount for origination fee ($[Redact]+$[Redact]) disclosed on final CD dated [Redact] is $[Redact] however, on other previous disclosures its $[Redact]. Please confirm the individual amount for underwriting fee and doc preparation fee initially disclosed and update the LOE to show them on it.


Seller Comment (2022-03-02): Letter/Memo from [Redact] uploaded - Please review


Reviewer Comment (2022-02-18): [Redact] upon further review document preparation fee of $[Redact] is added in sec A of final CD. Please provide valid COC for the same or please provide cure documents.


Seller Comment (2022-02-17): The $[Redact] is a Title Search fee in section "C" not subjected to TRID Tolerance - Please clear clear conditions
 03/21/2022 1 A MA Investment Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A N/A Exempt from ATR Yes
216884708 437220442 24543431 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Underwriting Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Loan testing as QM due to missing signed Business Purpose Certificate and Occupancy Certificate.  No cure or changed circumstance provided. Reviewer Comment (2022-03-21): [Redact] received LOE for clerical error, fee names updated.


Seller Comment (2022-03-18): LOE uploaded [Redact]


Reviewer Comment (2022-03-03): [Redact] received letter of explanation for system glitch. The total amount for origination fee ($[Redact]+$[Redact]) disclosed on final CD dated [Redact] is $[Redact] however, on other previous disclosures its $[Redact]. Please confirm the individual amount for underwriting fee and doc preparation fee initially disclosed and update the LOE to show them on it.


Seller Comment (2022-03-02): Letter/Memo from [Redact] uploaded
 03/21/2022 1 A MA Investment Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A N/A Exempt from ATR Yes
216884708 437220442 24545021 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least xx x business days prior to closing, and appraisal was not provided at or before closing. Please provide all appraisals and evidence they were sent to the borrower. Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B MA Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
216884726 437220497 24547171 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-03-03): Client provided DRIVE Fraud Report.


Seller Comment (2022-02-28): Fraud Guard/Drive report
 03/03/2022 1 A FL Primary Refinance - Rate/Term C B C A B B A A Non QM Non QM No
216884726 437220497 24547578 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least x days prior to closing Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B FL Primary Refinance - Rate/Term C B C A B B A A Non QM Non QM No
216884727 437220389 24565096 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided Please provide required Fraud Report/Background Check. Reviewer Comment (2022-03-03): DRIVE scoring Results received. Exception cleared.


Seller Comment (2022-03-01): Background check should be cleared with Fraud Guard/Drive report previously uploaded.  Please re-review and let us know why this condition remains open if it cannot be cleared with what was provided.
 03/03/2022 1 A NC Investment Purchase C A C A A A No
216884727 437220389 24565151 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide required Fraud Report/Background Check. Reviewer Comment (2022-03-01): Received Fraud Report on [Redact], Exception Cleared


Seller Comment (2022-02-28): Fraud Guard/Drive report for missing fraud and background check conditions
 03/01/2022 1 A NC Investment Purchase C A C A A A No
216884727 437220389 24578784 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide fully executed Business Purpose Certificate. Reviewer Comment (2022-03-11): Received signed copy of Business Purpose Certificate , verified and associated the document, hence exception cleared.


Seller Comment (2022-03-09): Non-QM Borrower Cert attached
 03/11/2022 1 A NC Investment Purchase C A C A A A No
216884731 437220580 24544525 Compliance Compliance State Compliance Misc. State Level Massachusetts Mortgage Lender and Broker Regulation (Ability to Repay not Verified) xxxx Mortgage Lender and Broker Regulation:  File does not contain evidence that analysis of borrower's ability to repay was performed based on verified income, obligations, assets, and/or employment using PITI payment based on fully indexed rate and fully amortizing payment, if applicable The loan is failing the ability to repay due to the [redacted] Stated Documentation Disclosure is missing Please provide proof it was sent to the borrower Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B MA Primary Purchase B B A A B B A A Non QM Non QM No
216884812 437221099 24546557 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Transfer Tax Fee exceeds guideline tolerance without a valid COC Reviewer Comment (2022-01-20): Sufficient Cure Provided At Closing
 01/20/2022 1 A NY Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
216884828 437221174 24548446 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within xx (x) business days of application. The initial application date was [redacted] and the Affiliated Business Disclosure Statement was provided on [redacted] which is not within xx (x) business days of application. Reviewer Comment (2022-02-03): Seller Acknowledges Exception.


Seller Comment (2022-02-01): Seller requests buyer review: Grade 2
 02/03/2022 2 B TX Primary Purchase C B C A B B A A Non QM Non QM No
216884828 437221174 24548734 Credit Guideline Guideline Issue Guideline Missing required income documentation . - Loan file missing 1099 Transcripts for [redacted]. Reviewer Comment (2022-03-15): [Redact] Wage and Income Transcript received.


Seller Comment (2022-03-10): Good morning. Please refer to the attached [Redact] 1099 transcripts. Thank you for your assistance.


Reviewer Comment (2022-02-11): Please note, documentation provided shows only one attempt with no evidence of a result provided.  No lender exception was provided and documentation is insufficient.  Exception remains.


Seller Comment (2022-02-04): See attached, thank you.


Reviewer Comment (2022-02-04): Please forward the results from the [Redact] 1099 Transcript pull. Forward the pull attempt or the [Redact] 1099 Transcript.


Seller Comment (2022-02-01): Good afternoon. Please review the attached memorandum and supporting documentation to clear and satisfy this condition. Thank you.
 03/15/2022 1 A TX Primary Purchase C B C A B B A A Non QM Non QM No
216884828 437221174 24659026 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Reviewer Comment (2022-03-15): [Redact] Wage and Income Transcript received.


Seller Comment (2022-03-10): Good morning. Please refer to the attached [Redact] 1099 transcripts. Thank you for your assistance.


Reviewer Comment (2022-02-11): Please note, documentation provided shows only one attempt with no evidence of a result provided.  No lender exception was provided and documentation is insufficient.  Exception remains.


Seller Comment (2022-02-04): Good afternoon. Please refer to the attached documentation. [Redact] made every attempt at ordering the [Redact] 1099 transcripts.    I ask that you please clear this from the suspense notice. Thank you for your time and consideration.


Reviewer Comment (2022-02-04): Please forward the results from the [Redact] 1099 Transcript pull. Forward the pull attempt or the [Redact] 1099 Transcript.


Seller Comment (2022-02-01): Good afternoon. Please review the attached memorandum and supporting documentation to clear and satisfy this condition. Thank you.
 03/15/2022 1 A TX Primary Purchase C B C A B B A A Non QM Non QM No
216885007 437220585 24550203 Compliance Compliance Federal Compliance TILA TILA - Impermissible Prepayment Penalty Truth in Lending Act (Dodd-Frank 2014): Covered transaction contains impermissible prepayment penalty. Loan testing as QM due to missing signed Business Purpose Certificate and Occupancy Certification. Covered transaction contains impermissible prepayment penalty, not allowed on investment properties. Reviewer Comment (2022-03-29): Business Purpose Cert signed by borrower received.


Seller Comment (2022-03-28): Business Purpose attached


Reviewer Comment (2022-03-17): The non-QM Borrower Affirmation-Bank Statements does not refer to subject transaction business purpose nor is there a letter stating the business purpose of the cash out proceeds. Exception remains.


Seller Comment (2022-03-15): Non-QM attached


Seller Comment (2022-03-15): Occupancy Cert attached
 03/29/2022 1 A FL Investment Refinance - Cash-out - Other C B A A C B A A N/A Exempt from ATR No
216885007 437220585 24550638 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Loan testing as QM due to missing signed Business Purpose Certificate and Occupancy Certification. The Loan Discount Point was disclosed to the borrower on the initial loan estimate as [redacted] but it appeared on the closing disclosure as [redacted] with no cure provided Reviewer Comment (2022-03-01): "[Redact] received valid COC document to clear this exception.


Seller Comment (2022-02-28): Please see COC
 03/01/2022 1 A FL Investment Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A N/A Exempt from ATR Yes
216885007 437220585 24553937 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least xx (x) business days prior to closing, and appraisal was not provided at or before closing. Please provide evidence all appraisals were sent to the borrower. Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B FL Investment Refinance - Cash-out - Other C B A A C B A A N/A Exempt from ATR No
216885008 437220422 24553953 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Please provide a replacement cost estimator in the amount of [redacted], or an updated hazard insurance policy with coverage of [redacted]. There is a [redacted] hazard insurance coverage shortfall. Reviewer Comment (2022-02-28): Update provided.


Seller Comment (2022-02-24): Please see Statement of Replacement cost which states ***Hazard insurance Policy for the above mentioned property insures the dwelling up to 100% of the replacement cost as defined by the policy limits on the evidence of insurance provided***


Reviewer Comment (2022-02-23): For Coverage A, it covers the replacement but we would still need an estimator. Exception remains.


Seller Comment (2022-02-17): Please see page 1 of Insurance Policy states "Replacement cost loss settlement on dwelling up to coverage A amount" Please clear condition
 02/28/2022 1 A FL Investment Purchase C A C A A A Non QM No
216885008 437220422 24553965 Credit Fix and Flip General Fix and Flip The Non-Owner Occupied Certification was not signed by all required borrowers and thus casts doubt on the business purpose of the loan. Please provide the signed owner occupied certification, as the one in the file is unsigned. Reviewer Comment (2022-02-23): Occupancy Certification signed at closing provided. Exception cleared.


Seller Comment (2022-02-17): Uploaded Non-QM Borrower Cert


Seller Comment (2022-02-17): Please see Occupancy Cert
 02/23/2022 1 A FL Investment Purchase C A C A A A Non QM No
216885009 437220403 24556270 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Please provide a replacement cost estimator in the amount of [redacted], or provide an updated hazard insurance policy with coverage of [redacted]. There is a hazard insurance coverage shortfall of [redacted]. Reviewer Comment (2022-03-04): Client provided Replacement Cost Estimator showing replacement cost is $[Redact].  Insurance coverage is adequate.


Seller Comment (2022-03-02): Please see attached RCE


Reviewer Comment (2022-02-23): For Coverage A, it covers the replacement but we would still need an replacement cost estimate, since the appraisal states cost of construction being $[Redact]. Exception remains.


Seller Comment (2022-02-17): Please see remarks on Hazard Dec page states Replacement cost up to the dwelling coverage limits - please clear condition
 03/04/2022 1 A RI Investment Purchase C A C A A A No
216885012 437220470 24557298 Credit Fix and Flip General Fix and Flip The Non-Owner Occupied Certification was not signed by all required borrowers and thus casts doubt on the business purpose of the loan. Reviewer Comment (2022-03-24): Received Occupancy Certificate, Exception Cleared


Seller Comment (2022-03-22): Occupancy Cert attached


Seller Comment (2022-03-09): Occupancy Cert attached
 03/24/2022 1 A CT Investment Refinance - Cash-out - Other C A C A A A No
216885013 437220569 24565200 Credit Fix and Flip General Fix and Flip The Non-Owner Occupied Certification was not signed by all required borrowers and thus casts doubt on the business purpose of the loan. Please provide the signed non-owner occupied certification. The certification in the file is unsigned. Reviewer Comment (2022-03-22): Received Occupied Certification document on [Redact], Exception Cleared


Seller Comment (2022-03-21): Occupancy Cert attached


Seller Comment (2022-03-09): Occupancy Cert attached
 03/22/2022 1 A MA Investment Purchase C A C A A A No
216885015 437220370 24556055 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide fully executed Business Purpose Certificate verifying proceeds used for business purposes. Reviewer Comment (2022-03-16): Received Business Purpose Certificate document and Associated. Exception Cleared.


Seller Comment (2022-03-15): NON-QM Cert attached
 03/16/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216885015 437220370 24556061 Credit Missing Document General Missing Document Missing Document: Cash-Out Utilization not provided Please provide fully executed Business Purpose Certificate verifying proceeds used for business purposes. Reviewer Comment (2022-03-25): Received.


Seller Comment (2022-03-24): Business Purpose was uploaded and cleared [Redact] - Can you please clear condition?
 03/25/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216885016 437220391 24557838 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide the business purpose certificate. Reviewer Comment (2022-03-22): Received signed Business Purpose Certificate. Exception cleared


Seller Comment (2022-03-21): Business Purpose Cert attached


Seller Comment (2022-03-09): Non-QM Borrower Cert attached
 03/22/2022 1 A CA Investment Purchase C A C A A A No
216885016 437220391 24557853 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - Condo not provided Please provide the signed condo rider to the security instrument. Reviewer Comment (2022-03-23): Provided as a trailing doc


Seller Comment (2022-03-21): Condo Rider attached


Seller Comment (2022-03-09): Condo Rider attached
 03/23/2022 1 A CA Investment Purchase C A C A A A No
216885255 437221092 24548707 Compliance Compliance Federal Compliance TRID Defect TRID Loan Estimate Seven Day Waiting Period TILA-RESPA Integrated Disclosure: Loan Estimate was not delivered or placed in the mail to the borrower at least seven (7) business days prior to closing. Reviewer Comment (2022-02-02): [Redact] received Initial LE and proof of receipt
 02/02/2022 1 A IL Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
216885255 437221092 24549919 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $xxx,xx exceeds tolerance of $xx,xx.  Sufficient or excess cure was provided to the borrower at Closing. 01/20/2022 1 A IL Primary Purchase Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
216885255 437221092 24551717 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within xx x business days of application. Reviewer Comment (2022-02-02): [Redact] Received Initial LE
 02/02/2022 1 A IL Primary Purchase C A A A C A A A Non QM Non QM No
216885276 437220550 24552091 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Security Instrument did not disclose that loan is a Texas Home Equity Loan) xxxx Constitution Section xxxx:   [redacted].   Security instrument does not disclose that the loan is a [redacted] Home Equity/xxxx Loan. Reviewer Comment (2022-02-15): Rec'd Non Home Equity Disclosure in trailing docs.


Seller Comment (2022-02-15): see attached


Reviewer Comment (2022-02-11): The lender must provide the borrower with the [Redact]-specific 12-day notice within 3 business days of taking the application. Note: the [Redact] 12-day notice is a different form than the 12-day notice that the lender provides for a [Redact] [Redact] home equity loan. Exception remains.


Seller Comment (2022-02-09): Not a cash out.  See attached
 02/15/2022 1 A TX Primary Refinance - Rate/Term Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. C A C A C A A A Non QM Non QM Yes
216885276 437220550 24552092 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Provided) xxxx Constitution Section xxxx: Borrower did not receive written "Acknowledgment of the Fair Market Value" of homestead property securing loan. Reviewer Comment (2022-02-15): Rec'd Non Home Equity Disclosure in trailing docs.


Seller Comment (2022-02-15): see attached


Reviewer Comment (2022-02-11): The lender must provide the borrower with the 50(f)(2)-specific 12-day notice within 3 business days of taking the application. Note: the 50(f)(2) 12-day notice is a different form than the 12-day notice that the lender provides for a 50(a)(6) [Redact] home equity loan. Exception remains.


Seller Comment (2022-02-09): Not a cash out
 02/15/2022 1 A TX Primary Refinance - Rate/Term To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree.  Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. C A C A C A A A Non QM Non QM Yes
216885276 437220550 24552093 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. HOA dues of [redacted]/yr were not included in the  Amount of Non-Escrowed Property Costs over Year [redacted] Reviewer Comment (2022-02-10): Corrected CD issued [Redact] cured costs


Seller Comment (2022-02-09): Please see the post  CD that was in the original file with the HOA amount added to the non-escrowed property costs
 02/10/2022 1 A TX Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C A C A C A A A Non QM Non QM Yes
216885276 437220550 24552136 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Rider - Other not provided Reviewer Comment (2022-02-11): Renewal And Extension Exhibit Rider provided in trailing documents. Exception cleared.


Seller Comment (2022-02-09): see attached
 02/11/2022 1 A TX Primary Refinance - Rate/Term C A C A C A A A Non QM Non QM No
216885276 437220550 24552143 Credit Guideline Guideline Issue Guideline Missing required income documentation . - Loan file missing YTD income for [redacted]. Reviewer Comment (2022-02-24): [Redact] YTD Commissions verified by [Redact]. Exception cleared.


Seller Comment (2022-02-18): see attached


Reviewer Comment (2022-02-15): Per guidelines, required documentation for the [Redact] includes documentation of receipt of year to date income for [Redact] via a check stub or check showing receipt of YTD income or bank statements showing receipt of YTD income.


Seller Comment (2022-02-08): see attached
 02/24/2022 1 A TX Primary Refinance - Rate/Term C A C A C A A A Non QM Non QM No
216885276 437220550 24552144 Credit Guideline Guideline Issue Guideline Missing required income documentation . - Loan file missing YTD income for [redacted]. Reviewer Comment (2022-02-24): YTD business bank statements provided verifying earnings. Exception cleared.


Seller Comment (2022-02-18): see attached


Reviewer Comment (2022-02-15): Per guidelines, required documentation for the [Redact] includes documentation of receipt of year to date income for [Redact] via a check stub or check showing receipt of YTD income or bank statements showing receipt of YTD income.


Seller Comment (2022-02-08): see attached
 02/24/2022 1 A TX Primary Refinance - Rate/Term C A C A C A A A Non QM Non QM No
216885276 437220550 24555343 Compliance Compliance State Compliance State Defect xxxx xxxx Eligibility Unable to determine xxxx xxxx eligibility due to missing information. Reviewer Comment (2022-02-15): Rec'd Non Home Equity Disclosure in trailing docs.
 02/15/2022 1 A TX Primary Refinance - Rate/Term C A C A C A A A Non QM Non QM No
216885276 437220550 24555344 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (No evidence that borrower received copies of all documents signed at closing) xxxx Constitution Section xxxx:  [redacted].   No evidence that borrower(s) received copies of all documents signed at time of closing. Reviewer Comment (2022-02-15): Rec'd Non Home Equity Disclosure in trailing docs.


Seller Comment (2022-02-09): Not a cash out
 02/15/2022 1 A TX Primary Refinance - Rate/Term Either Deliver the required documents to the borrower or refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. C A C A C A A A Non QM Non QM Yes
216885276 437220550 24555345 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Points and Fees Exceeds 2% of Original Principal Balance) xxxx Constitution Section xxxx: Points and fees on subject loan of [redacted] is in excess of the allowable maximum of [redacted] of the Original Principal Loan Amount. Points and Fees total [redacted] on an Original Principal Loan Amount of [redacted] vs. an allowable total of [redacted] (an overage of [redacted] or [redacted].) Reviewer Comment (2022-02-15): Rec'd Non Home Equity Disclosure in trailing docs.


Seller Comment (2022-02-09): Not a cash out
 02/15/2022 1 A TX Primary Refinance - Rate/Term Refund the borrower, or credit their account, an amount equal to any overcharge paid by the borrower. (Provide Proof of Delivery, LOE, and Copy of Check. [A servicing screen print can be provided in place of a check when a credit is applied to the borrowers account.]) C A C A C A A A Non QM Non QM Yes
216885276 437220550 24797187 Compliance Compliance State Compliance State Defect Compliant Texas 50(f)(2) loan without signed TX50(f)(2) Affidavit.  Loan is reviewed as a TX50(f)(2) loan. xxxx Constitution Section 50(f-1) affidavit Acknowledging Requirements of Subsection (f)(2) not in file, however, review of loan file indicates loan meets all conditions in xxxx(a) to (d).  Loan is not reviewed as a  [redacted]).xxxx loan. Rec'd Non Home Equity Disclosure in trailing docs; still missing required affidavit. Reviewer Comment (2022-02-23): Seller acknowledges exception.
 02/23/2022 2 A TX Primary Refinance - Rate/Term C A C A C A A A Non QM Non QM No
216885277 437220570 24547482 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. The final closing Disclosure shows the total escrow cost over 1 year [redacted] is incorrect The correct amount is (Taxes=[redacted] + HOI=[redacted] + HOA=[redacted] total cost is [redacted]) Reviewer Comment (2022-02-11): Letter of Explanation & Corrected Closing Disclosure provided on [Redact]. Exception cured


Seller Comment (2022-02-09): see attached
 02/11/2022 2 B FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
216885277 437220570 24551812 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least xx (x) business days prior to closing, and appraisal was not provided at or before closing. Please provide all appraisals and evidence they were all sent to the borrowers. Reviewer Comment (2022-02-23): Seller acknowledges exception.
 02/23/2022 2 B FL Primary Purchase C B A A C B A A Non QM Non QM No
216885277 437220570 24551813 Compliance Compliance Federal Compliance Missing Disclosure Acknowledgement of Borrower Receipt of Notice of Special Flood Hazard Disclosure Missing FDPA Notification Rule: Creditor did not retain record of borrower's receipt of Notice of Special Flood Hazard Disclosure. Please provide the signed Notice of Flood Hazard Disclosure. Reviewer Comment (2022-02-23): Seller acknowledges exception.
 02/23/2022 2 B FL Primary Purchase C B A A C B A A Non QM Non QM No
216885278 437220608 24545365 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-02-24): Fraud report dated [Redact] provided. Exception cleared.


Seller Comment (2022-02-23): see attached
 02/24/2022 1 A TN Primary Purchase C B C A C B A A Non QM Non QM No
216885278 437220608 24546772 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-01-20): Sufficient Cure Provided At Closing
 01/20/2022 1 A TN Primary Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
216885278 437220608 24548554 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Borrower acknowledgment of appraisal receipt xx business days prior to closing signed at closing not included in file. Reviewer Comment (2022-02-23): Seller acknowledges exception.
 02/23/2022 2 B TN Primary Purchase C B C A C B A A Non QM Non QM No
216885278 437220608 24548555 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted] + [redacted], or [redacted].  Non-Compliant Higher Priced Mortgage Loan. Reviewer Comment (2022-02-24): Acknowledgement provided. Exception cleared.


Seller Comment (2022-02-23): see attached.
 02/24/2022 1 A TN Primary Purchase C B C A C B A A Non QM Non QM No
216885278 437220608 24548556 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Borrower acknowledgment of appraisal receipt xx business days prior to closing signed at closing not included in file. Reviewer Comment (2022-02-24): Acknowledgement provided. Exception cleared.
 02/24/2022 1 A TN Primary Purchase C B C A C B A A Non QM Non QM No
216885278 437220608 24548614 Credit Asset Asset Documentation Asset Missing Document: Gift Letter not provided Borrower received [redacted] in gift funds at the time of closing. Gift funds documentation not included in the file. Provide the gift letter meeting guideline requirements and proof of donor's source. Reviewer Comment (2022-02-24): Fully executed gift letter and copy of cashier's check payable to the escrow company provided. Gift disclosed on final CD. Exception cleared.


Seller Comment (2022-02-18): see attached
 02/24/2022 1 A TN Primary Purchase C B C A C B A A Non QM Non QM No
216885278 437220608 24677588 Credit Guideline Guideline Issue Guideline Loan does not meet minimum income documentation requirements. - VVOE missing for borrower's employment in [redacted] and prior. Reviewer Comment (2022-03-03): Client provided requested income documents for past employment.


Seller Comment (2022-02-28): see attached


Reviewer Comment (2022-02-24): Lender Cert regarding previous employment verification. Provide the [Redact] verification and [Redact] employment letter referenced in the Processor Cert. Exception remains.


Seller Comment (2022-02-22): see attached
 03/03/2022 1 A TN Primary Purchase C B C A C B A A Non QM Non QM No
216885278 437220608 24677605 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - VVOE missing for borrower's employment in [redacted] and prior. Reviewer Comment (2022-03-03): Client provided requested income documents for past employment.


Seller Comment (2022-02-28): see attached


Reviewer Comment (2022-02-24): Lender Cert regarding previous employment verification. Provide the [Redact] verification and[Redact] employment letter referenced in the Processor Cert. Exception remains.


Seller Comment (2022-02-18): see attached
 03/03/2022 1 A TN Primary Purchase C B C A C B A A Non QM Non QM No
216885278 437220608 24875477 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of revised valuation to applicant xx (x) business days prior to consummation. Provide a copy of the appraisal delivered to the borrower on [redacted]. Reviewer Comment (2022-03-04): Appraisal issued [Redact] provided. Exception cleared.


Seller Comment (2022-03-01): see attached
 03/04/2022 1 A TN Primary Purchase C B C A C B A A Non QM Non QM No
216885281 437220612 24547611 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $xxx,xx exceeds tolerance of $xxx,xx.  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-01-20): Sufficient Cure Provided At Closing
 01/20/2022 1 A NY Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
216885282 437220529 24544273 Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Payoff Statement Missing Missing Payoff Statement: Unable to determine if a prepayment penalty was included in the pay-off which may impact high cost findings. Reviewer Comment (2022-02-23): Seller acknowledges exception.
 02/23/2022 2 B NJ Primary Refinance - Rate/Term C B A A C B A A Non QM Non QM No
216885282 437220529 24544274 Compliance Compliance State Compliance State Defect (State High Cost) New Jersey High-Cost Loan (Points and Fees) xxxx Home Ownership Security Act: Points and Fees on subject loan of [redacted] is in excess of the allowable maximum of  [redacted] of the Total Loan Amount. Points and Fees total [redacted] on a Total Loan Amount of [redacted] vs. an allowable total of [redacted] (an overage of [redacted] or [redacted]).  Non-Compliant High Cost Loan. Reviewer Comment (2022-02-28): Portion of discount points recouped within 5 years excludable


Seller Comment (2022-02-28): see attached explanation


Reviewer Comment (2022-02-15): In order to review discount points for possible exclusion, please provide documentation of the undiscounted rate and the undiscounted rate price The compliance report in the file from closing does not contain a bona fide discount point analysis.  Exception remains


Seller Comment (2022-02-08): see attached
 02/28/2022 1 A NJ Primary Refinance - Rate/Term Within 45 days of closing, provide: (1) Letter of Explanation; (2) refund of amount over the high-cost threshold maximum; and (3) proof of delivery.

(Narrow Defense - CHD Approval Required)  Within 365 days of closing, and prior to lender receiving any notice from borrower of the compliance failure, provide:  (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made and (ii) the lender has not received any notice from borrower of the failure; (2) refund of amount over the high-cost threshold maximum; and (3) proof of delivery.		 C B A A C B A A Non QM Non QM Yes
216885282 437220529 24546488 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least xx x business days prior to closing, and appraisal was not provided at or before closing. Please provide all appraisals and evidence they were sent to the borrowers. Reviewer Comment (2022-02-23): Seller acknowledges exception.
 02/23/2022 2 B NJ Primary Refinance - Rate/Term C B A A C B A A Non QM Non QM No
216886231 437221517 24567041 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Hazard Insurance Coverage Amount is insufficient. Reviewer Comment (2022-02-07): email provided verifying sufficient insurance.  Exception cleared.


Seller Comment (2022-02-03): property insurance with 100% replacement cost
 02/07/2022 1 A FL Primary Refinance - Cash-out - Other D A C A C A D A Non QM Non QM No
216886231 437221517 24567248 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 The file is missing a copy of the secondary valuation required for securitization purposes. Reviewer Comment (2022-03-03): CDA received.


Seller Comment (2022-02-28): CDA


Reviewer Comment (2022-02-14): Second appraisal is required for securitization.  Exception remains..


Seller Comment (2022-02-09): There was no 2nd appraisal.  The only appraisal was completed [Redact] and signed [Redact].


Reviewer Comment (2022-02-07): No second appraisal provided.  The copy provided was the original appraisal.  Exception remains.


Seller Comment (2022-02-03): Appraisal
 03/03/2022 1 A FL Primary Refinance - Cash-out - Other D A C A C A D A Non QM Non QM No
216886231 437221517 24567303 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided The approval document is missing, please provide Reviewer Comment (2022-02-14): Received initial and final approval.  Exception is approved.


Seller Comment (2022-02-09): Conditional and Final Approval uploaded
 02/14/2022 1 A FL Primary Refinance - Cash-out - Other D A C A C A D A Non QM Non QM No
216886231 437221517 24567366 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. Reviewer Comment (2022-02-07): [Redact] received disclosure tracking indicating the initial CD was received the same day issued.


Seller Comment (2022-02-04): initial CD
 02/07/2022 1 A FL Primary Refinance - Cash-out - Other No Defined Cure D A C A C A D A Non QM Non QM No
216886231 437221517 24567384 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. The Appraisal Fee. was disclosed to the borrower on the loan estimate as [redacted] but it appeared on the closing disclosure as [redacted] with no cure provided Reviewer Comment (2022-01-21): Sufficient Cure Provided At Closing
 01/21/2022 1 A FL Primary Refinance - Cash-out - Other Final CD evidences Cure D A C A C A D A Non QM Non QM Yes
216886234 437220132 24561221 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Reviewer Comment (2022-02-11): documentation of receipt in the file.  Exception cleared.


Seller Comment (2022-02-08): [Redact] [Redact] - proof of  appraisal delivered


Seller Comment (2022-02-08): [Redact] [Redact] -  proof of delivery for review
 02/11/2022 1 A NJ Primary Refinance - Cash-out - Other B A A A B A A A Non QM Non QM No
216886234 437220132 24563614 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least xx (x) business days prior to closing, and appraisal was not provided at or before closing. Reviewer Comment (2022-02-11): documentation of receipt in the file.  Exception cleared.


Seller Comment (2022-02-08): [Redact] [Redact] -  proof of   appraisal delivered


Seller Comment (2022-02-08): [Redact] [Redact] -  proof of delivery
 02/11/2022 1 A NJ Primary Refinance - Cash-out - Other B A A A B A A A Non QM Non QM No
216886235 437220135 24571436 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Provide all appraisals done for the loan and evidence they were all sent to the borrower at least X days prior to closing. Reviewer Comment (2022-02-22): Seller elects to waive this exception with no grade change.


Seller Comment (2022-02-22): [Redact] [Redact] - Please waive the exception with no grade change


Seller Comment (2022-02-15): Seller requests buyer review: [Redact] [Redact] - unable to cure please  have it waived
 02/22/2022 2 B TX Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216886235 437220135 24571443 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Points and Fees Exceeds 2% of Original Principal Balance) xxxx Constitution Section xxxx: Points and fees on subject loan of [redacted] is in excess of the allowable maximum of [redacted] of the Original Principal Loan Amount. Points and Fees total [redacted] on an Original Principal Loan Amount of [redacted] vs. an allowable total of [redacted] (an overage of [redacted] or [redacted].) Reviewer Comment (2022-02-07): verified seller paid [Redact].  Exception cleared.


Seller Comment (2022-02-03): [Redact] [Redact] - Lender credit were used to pay closing cost, attached is the itemization.
 02/07/2022 1 A TX Primary Refinance - Cash-out - Other Refund the borrower, or credit their account, an amount equal to any overcharge paid by the borrower. (Provide Proof of Delivery, LOE, and Copy of Check. [A servicing screen print can be provided in place of a check when a credit is applied to the borrowers account.]) C B A A C B A A Non QM Non QM Yes
216886235 437220135 24571445 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-01-24): Sufficient Cure Provided At Closing
 01/24/2022 1 A TX Primary Refinance - Cash-out - Other Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
216886239 437221542 24562780 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Borrower acknowledgment of appraisal receipt xx business days prior to closing signed at closing not included in file. Reviewer Comment (2022-02-22): Seller elects to waive this exception with no grade change.


Seller Comment (2022-02-22): Please clear level 2 conditions.


Seller Comment (2022-02-01): Seller requests buyer review: [Redact] is unable to cure, level 2 condition.
 02/22/2022 2 B CA Primary Refinance - Cash-out - Other B B A A B B A A Non QM Non QM No
216886240 437221557 24568311 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment Over Disclosed TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan. Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan.  Documentation was not found to verify property taxes in the monthly amount of [redacted] as disclosed on the PC CD versus [redacted] as reflected on the Tax Certificate and Final CD. Reviewer Comment (2022-02-09): Corrected CD issued [Redact] cured within 30 days of closing.
 02/09/2022 1 A VA Primary Refinance - Cash-out - Home Improvement TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, and Corrected CD C A C A C A A A Non QM Non QM No
216886240 437221557 24568312 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Have Escrow -  Monthly Escrow Payment Underdisclosed TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan. Final Closing Disclosure provided on [redacted] disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan.  Documentation was not found to verify property taxes in the monthly amount of [redacted] as disclosed on the PC CD versus [redacted] as reflected on the Tax Certificate and Final CD. Reviewer Comment (2022-02-09): Corrected CD issued [Redact] cured within 30 days of closing.


Seller Comment (2022-02-08): Escrow


Seller Comment (2022-02-08): Title tax.


Seller Comment (2022-02-08): Uploaded title tax.
 02/09/2022 1 A VA Primary Refinance - Cash-out - Home Improvement Letter of Explanation & Corrected Closing Disclosure C A C A C A A A Non QM Non QM Yes
216886240 437221557 24568315 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Escrowed Property Costs Year 1 -  October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Amount of Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate.  Documentation was not found to verify property taxes in the monthly amount of [redacted] as disclosed on the PC CD versus [redacted] as reflected on the Tax Certificate and Final CD. Reviewer Comment (2022-02-09): Corrected CD issued [Redact] cured within 30 days of closing.


Seller Comment (2022-02-08): Escrow


Seller Comment (2022-02-08): Uploaded tax info
 02/09/2022 1 A VA Primary Refinance - Cash-out - Home Improvement Letter of Explanation & Corrected Closing Disclosure C A C A C A A A Non QM Non QM Yes
216886240 437221557 24570254 Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided Verification of Rent or acceptable documentation was not found for the borrower's prior residences as reflected on the loan application at [redacted](X month) and [redacted] (X months) in order to verify a [redacted] month housing history as required per lender's guidelines. Reviewer Comment (2022-02-24): Client provided LOX and bank statements showing rental history.


Seller Comment (2022-02-22): Payments


Seller Comment (2022-02-22): Mortgage rating


Seller Comment (2022-02-22): LOE
 02/24/2022 1 A VA Primary Refinance - Cash-out - Home Improvement C A C A C A A A Non QM Non QM No
216886246 437220734 24562722 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. The final closing disclosure was not provided to the borrower 3 business days prior to closing.  The provided copy was issued on [redacted]. Reviewer Comment (2022-02-10): [Redact] received [Redact] CD.


Seller Comment (2022-02-09): Initial CD dated [Redact].


Reviewer Comment (2022-02-09): [Redact] received [Redact] CD however consummation occurred [Redact]. Please provide CD if a CD was received by borrowers at least 3 business day prior to consumption.


Seller Comment (2022-02-08): Initial CD dated [Redact]
 02/10/2022 1 A CA Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
216886246 437220734 24563536 Compliance Compliance Federal Compliance TILA ARM Disclosure Timing Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within xx (x) days of application. ARM loan program disclosure not provided to the borrower within xx (x) days of application. Reviewer Comment (2022-01-27): Disclosure provided within 3 days of loan becoming an ARM.
 01/27/2022 1 A CA Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
216886246 437220734 24564224 Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Timing TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower within xx (x) days of application. Verification of the disclosure executed at application is not located in the loan file. Reviewer Comment (2022-01-27): Disclosure provided within 3 days of loan becoming an ARM.
 01/27/2022 1 A CA Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
216886246 437220734 24632717 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Provide evidence of borrower's percentage of ownership. Reviewer Comment (2022-02-11): Documentation received.  Exception cleared. [Redact].


Seller Comment (2022-02-08): CPA Letter stating borrower's % of ownership
 02/11/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
216886261 437220138 24566289 Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Please provide proof that the list of service providers was sent to the borrower Reviewer Comment (2022-02-14): [Redact] Received Settlement service Provider List.
 02/14/2022 1 A CA Primary Refinance - Rate/Term No Defined Cure C A A A C A A A Non QM Non QM No
216886261 437220138 24566290 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. The appraisal Fee of [redacted] exceeds the amount of [redacted] disclosed to the borrower. The lender provided a credit of  [redacted] to cover the cost to cure Reviewer Comment (2022-02-14): [Redact] Sufficient Cure provided at closing.


Seller Comment (2022-02-11): [Redact] [Redact] - See attached SPL for review


Reviewer Comment (2022-02-04): [Redact] upon further review as cure was provided for Appraisal fee at closing we will clear the exception once we have received the resolution for other exception for title-processing fee.


Seller Comment (2022-02-03): [Redact]. [Redact]  - Title processing fee of $[Redact] has been disclosed to the borrower since the Initial CD, see attached initial CD


Reviewer Comment (2022-01-21): Lender cure of $[Redact] provided at closing to accommodate the fee tolerance being exceeded.
 02/14/2022 1 A CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
216886261 437220138 24566331 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Processing Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. The Title processing fee of [redacted] wasn't disclosed to the borrower there was no lender credit to cover the cost to cure Reviewer Comment (2022-02-14): [Redact] Received Settlement service Provider List therefore no cure required.


Seller Comment (2022-02-11): [Redact] [Redact] -  see attached SPL for review


Reviewer Comment (2022-02-04): [Redact] upon further review the fee was not disclosed on LE and we don't have sspl to verify if borrower has shopped for the services or not. Please provide settlement service provider list or cure documents for the same.


Seller Comment (2022-02-03): [Redact] [Redact] - Title processing fee of $[Redact] has been disclosed to the borrower since the Initial CD, see attached initial CD
 02/14/2022 1 A CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
216886261 437220138 24770093 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-02-14): Sufficient Cure Provided At Closing
 02/14/2022 1 A CA Primary Refinance - Rate/Term Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
216886264 437220189 24572017 Compliance Compliance Federal Compliance RESPA RESPA Disclosure -  List of Homeownership Counseling Organizations Older Than 30 days When Provided to Borrower RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations was older than xx days when provided to borrower. Homeownership Counseling Organization list [redacted] was older than xx days when provided to the borrower/signed [redacted] Reviewer Comment (2022-02-16): Seller Acknowledges Exception.


Seller Comment (2022-02-15): Seller requests buyer review: [Redact] [Redact] - "Please waive the exception with no grade change"
 02/16/2022 2 B OK Primary Purchase B B A A B B A A Non QM Non QM No
216886264 437220189 24572647 Compliance Compliance State Compliance State HPML (State HPML) Oklahoma Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) xxxx Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted] + [redacted], or [redacted].  Compliant Higher Priced Loan. Reviewer Comment (2022-02-28): Seller elects to waive exception with no grade change.


Seller Comment (2022-02-24): Please waive condition so file can be cleared


Reviewer Comment (2022-02-16): Exception for informational purposes.


Seller Comment (2022-02-11): [Redact] [Redact] - This is a non-qm loan failing HPML which is permitted,  what exactly are you requiring for this condition?
 02/28/2022 2 B OK Primary Purchase No obvious cure B B A A B B A A Non QM Non QM No
216886264 437220189 24572648 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-01-24): Sufficient Cure Provided At Closing
 01/24/2022 1 A OK Primary Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
216886506 437220981 24557197 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. The borrower was sent a copy of the appraisal [redacted],however the appraisal was not "as is" the final inspection was completed [redacted] Please provide proof that the preliminary appraisal was sent to the borrower Reviewer Comment (2022-02-11): Proof of receipt of appraisal on [Redact] provided. Exception cleared.


Seller Comment (2022-02-09): Appraisal Tracking


Seller Comment (2022-02-09): Appraisal Delivery Cert
 02/11/2022 1 A CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216886506 437220981 24557198 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Wire /Funding/ Disbursement Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. The Wire Transfer Fee was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-02-15): [Redact] received Corrected PCCD, Letter of Explanation, Proof of Delivery, Copy of Refund Check


Seller Comment (2022-02-14): • Refund Check, UPS Shipping Label, LOE, and PCCD
 02/15/2022 2 B CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216886506 437220981 24561293 Credit Hazard Insurance Document Error Hazard Insurance Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. Lender is XXXX, Inc and the mortgagee on insurance policy reflects  [redacted]). Reviewer Comment (2022-02-15): Received memo from lender stating ServiceMac services all [Redact] loans and noting that all underwriting approval contain instructions for the Mortgagee Clause.  The Approval provided matched the HOI provided and the memo.  Exception is cleared.


Seller Comment (2022-02-09): • Hazard Insurance Mortgagee Clause Cert
 02/15/2022 1 A CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216886699 437221537 24554762 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least x days prior to closing Reviewer Comment (2022-03-09): Seller acknowledges exception.


Seller Comment (2022-03-08): Seller requests buyer review: Level II condition please waive and clear file


Reviewer Comment (2022-03-07): The Disclosure Tracking Summary shows the appraisal was provided to borrower on [Redact].  The presumed date of receipt is [Redact] which is also the date of the Note.  Appraisal was not received by borrower at least three business days prior to closing.  The exception remains.


Seller Comment (2022-03-03): Appr proof


Reviewer Comment (2022-03-02): Provide all appraisals and evidence they were sent to the borrower at least 3 days prior to close.
 03/09/2022 2 B FL Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216886699 437221537 24554810 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. The amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] indicates property related HOA dues not indicated on the appraisal nor verification provided in the the file. Reviewer Comment (2022-03-02): [Redact] received PCCD and LOE; exception is cured.


Seller Comment (2022-02-28): Revised CD with cover letter
 03/02/2022 2 B FL Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
216886726 437220481 24575837 Compliance Compliance State Compliance Misc. State Level Colorado Home Loan (Tangible Net Benefit Disclosure Not Provided) Unable to test due to missing Tangible Net Benefit Disclosure information. Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B CO Primary Purchase B B A A B B A A Non QM Non QM No
216886726 437220481 24575838 Compliance Compliance State Compliance Misc. State Level Colorado Home Loan (Tangible Net Benefit Disclosure Not Signed) xxxx Home Loan (xxxx):  Tangible Net Benefit Disclosure (or similar document) not signed by borrower(s). Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B CO Primary Purchase B B A A B B A A Non QM Non QM No
216886726 437220481 25262614 Compliance Compliance State Compliance Misc. State Level Colorado Home Loan (Tangible Net Benefit Disclosure Not Provided) xxxx Home Loan (xxxx):  Loan file does not contain a Tangible Net Benefit Disclosure (or similar document). Reviewer Comment (2022-04-08): Seller elects to waive.
 04/08/2022 2 B CO Primary Purchase B B A A B B A A Non QM Non QM No
216887852 437221154 24572592 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Missing VVOE for dates of prior employment to confirm [redacted] years same line of work and Gap letter for unemployment. Reviewer Comment (2022-02-09): Client provided CPA Letter for current bank statement income.  Letter also addresses prior employment with [Redact] and provided internet listing showing this business is now closed.  Employment gap letter has also been provided.


Seller Comment (2022-02-09): please review uploaded docs and clear.


Seller Comment (2022-02-04): previous employer closed, see CPA letter and business listing on internet
 02/09/2022 1 A NC Primary Purchase C A C A A A A A Non QM Non QM No
216887852 437221154 24572593 Credit Income / Employment Income Documentation Income / Employment The verification of employment is required and was not found in file. - Missing VVOE for dates of prior employment. Reviewer Comment (2022-02-09): Client provided CPA Letter for current bank statement income.  Letter also addresses prior employment with [Redact] and provided internet listing showing this business is now closed.  Employment gap letter has also been provided.


Seller Comment (2022-02-09): please review uploaded docs and clear.


Seller Comment (2022-02-04): See attached cpa letter
 02/09/2022 1 A NC Primary Purchase C A C A A A A A Non QM Non QM No
216887881 437221543 24576579 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Reviewer Comment (2022-03-04): Seller elects to waive this exception with no grade change.


Seller Comment (2022-03-02): Seller requests buyer review: lvl 2 condition, please waive


Reviewer Comment (2022-03-01): We are in receipt of the screen shot showing appraisal was emailed to borrower on [Redact] with a presumed date of receipt of [Redact] which is also the Note date.  Appraisal report was not received by borrower at least three business days prior to consummation.


Seller Comment (2022-02-25): appr proof
 03/04/2022 2 B GA Primary Refinance - Cash-out - Debt Consolidation B B A A B B A A Non QM Non QM No
216887881 437221543 24867078 Credit Missing Document General Missing Document Missing Document: Bank Statements - Personal not provided Missing XXXX statement for [redacted] for the period ending [redacted],  This statement is required to meet the [redacted] month bank statement history requirement. Reviewer Comment (2022-03-11): Received the [Redact] statement.


Seller Comment (2022-03-09): Statement
 03/11/2022 1 A GA Primary Refinance - Cash-out - Debt Consolidation B B A A B B A A Non QM Non QM No
216887884 437220180 24575893 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-07): Received initial 1003 for borrower and co-borrower and documents associated. Exception cleared.


Seller Comment (2022-02-04): [Redact] Ph - Initial 1003 for borrower and co-borrower
 02/07/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
216887884 437220180 24578199 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Income calculations did not match amounts used to qualify by lender. Provide corrected 1003 and 1008 with updated income. Reviewer Comment (2022-03-08): borrower is union worker used 2 year avg for income ytd supports.


Seller Comment (2022-03-04): [Redact] [Redact] -  :  Co-borrower VOE was completed [Redact].  Although the Note date is [Redact], it's not prior to, however it is within 10 business days


Seller Comment (2022-03-04): [Redact] [Redact] - See attached:  Residual income calculation.


Seller Comment (2022-03-04): [Redact] [Redact] -Ø See attached: Updated 1008 .


Reviewer Comment (2022-02-17): Please forward the updated 1008 with income, DTI and Residual Income parameters. Borrower base only income at $[Redact] and DTI on the 1008 [Redact]. The Co borrower needs a verbal VOE within 10 business days of the Note for employment at EVP.


Reviewer Comment (2022-02-17): Please forward the updated 1008 with income, DTI and Residual Income parameters.


Reviewer Comment (2022-02-10): Please provided borrower income documentation for non base income with a Verification of Employment with Income, or equivalent. Or, update the 1003, 1008 with DTI and Residual Income parameters using borrower base income only.


Seller Comment (2022-02-07): [Redact] [Redact] ** Please Provide Reviewer's income calculation explained in order to address.
 03/08/2022 1 A CA Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
216887884 437220180 24578206 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Escrow Service Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Escrow service fee exceeds guideline tolerance without a valid COC Reviewer Comment (2022-02-14): [Redact] received corrrcted PCCD with LOE.


Seller Comment (2022-02-11): [Redact]  [Redact] - please see attached POD


Seller Comment (2022-02-11): [Redact]  [Redact] - please see attached PCCD


Seller Comment (2022-02-11): [Redact]  [Redact] - please see attached Settlement statement
 02/14/2022 1 A CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
216887884 437220180 24578347 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Income calculations did not match amounts used to qualify by lender. Provide corrected 1003 and 1008 with updated income. Reviewer Comment (2022-03-08): updated income using 2 year avg for union employee this cleared exception


Seller Comment (2022-03-04): [Redact] [Redact] - See attached:  Union- Employers Breakdown [Redact] [Redact] & YTD


Seller Comment (2022-03-04): [Redact] [Redact] - See attached: union worker income calculation worksheets


Seller Comment (2022-03-04): [Redact] [Redact] - See attached: Residual income


Seller Comment (2022-03-04): [Redact] [Redact] - See attached: Updated 1008.


Seller Comment (2022-03-04): [Redact] [Redact] - See attached: Updated 1003


Reviewer Comment (2022-02-17): Please forward the updated 1003 and 1008 with income, DTI and Residual Income parameters. Borrower base only income at $xxxx and DTI on the 1008 [Redact]. The Co borrower needs a verbal VOE within 10 business days of the Note for employment at EVP.


Reviewer Comment (2022-02-17): Please update the 1003, 1008 with DTI and Residual Income parameters using borrower base income only. Also provide Employment verifications for the co borrower's prior employment (2 employers) with start and end dates.


Reviewer Comment (2022-02-10): Please provide borrower income documentation for non base income with a Verification of Employment with Income, or equivalent. Or, update the 1003, 1008 with DTI and Residual Income parameters using borrower base income only. Also provide Employment verifications for the co borrower's prior employment (2 employers) with start and end dates.


Seller Comment (2022-02-07): [Redact] [Redact] - ** Please Provide Reviewer's income calculation explained in order to address.
 03/08/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
216887884 437220180 24578348 Credit Guideline Guideline Issue Guideline Borrower has been on current job less than 2 years, and prior employment history was not documented as required. - Missing VOE for previous employer dated within XX days of the Note date. Reviewer Comment (2022-02-17): Prior employment for xxxx verified with self employment documentation at [Redact].


Reviewer Comment (2022-02-17): Provide Employment verifications for the co borrower's prior employment (2 employers) with start and end dates.


Reviewer Comment (2022-02-10): Provide Employment verifications for the co borrower's prior employment (2 employers) with start and end dates.


Seller Comment (2022-02-07): [Redact] [Redact] - DISPUTE: VOE within 10 days of Note date is not required for PREVIOUS employment
 02/17/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
216887884 437220180 24578351 Credit Income / Employment Income Documentation Income / Employment The verification of employment is required and was not found in file. - Missing VOE for previous employer Reviewer Comment (2022-02-17): Prior employment for xxxx verified with self employment documentation at [Redact].


Seller Comment (2022-02-17): [Redact] Ph - SENT TO INVESTOR FOR REVIIEW - B2's previous employment was Self-Employed. VOE does not apply. Prior yr tax returns were used to evidence previous s/e history. Corrected 1003 attached
*** please review this **** for some reason - My attachments were not uploaded
thank you
paula
 02/17/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
216887884 437220180 24578382 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. Income calculations did not match amounts used to qualify by lender. Provide corrected 1003 and 1008 with updated income. Reviewer Comment (2022-03-08): waterfall exception cleared with income update


Seller Comment (2022-03-04): [Redact] [Redact] - Residual Income


Seller Comment (2022-03-04): [Redact] - [Redact] - see attached  [Redact] breakdown [Redact] [Redact] & YTD


Seller Comment (2022-03-04): [Redact] - [Redact] - see attached union income worksheet.


Seller Comment (2022-03-04): [Redact] - [Redact] - see attached updated 1008.


Seller Comment (2022-03-04): [Redact] - [Redact] - see attached updated 1003.


Reviewer Comment (2022-02-17): Income calculations did not match amounts used to qualify by lender. Provide corrected 1003 and 1008 with updated income.  Unable to use overtime as there is no WVOE showing the distinction between base and other income types.


Reviewer Comment (2022-02-10): Please provide borrower income documentation for non base income with a Verification of Employment with Income, or equivalent. Or, update the 1003, 1008 with DTI and Residual Income parameters using borrower base income only. Also provide Employment verifications for the co borrower's prior employment (2 employers) with start and end dates.


Seller Comment (2022-02-07): [Redact] - [Redact] - ** Please Provide Reviewer's income calculation explained in order to address.
 03/08/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
216887884 437220180 24827349 Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted] significantly exceeds the guideline maximum of [redacted]. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) Please forward the updated 1003 and 1008 with income, DTI and Residual Income parameters. Borrower base only income at [redacted] and DTI on the 1008, [redacted]. The Co borrower needs a verbal VOE within [redacted] business days of the Note for employment at XXXX. Reviewer Comment (2022-03-08): borrower is a [Redact] did a 2 year avg using all his W2 for last 2 years. also ytd supports.  income was less in [Redact] due to pandemic and lox in file


Seller Comment (2022-03-04): [Redact] [Redact]-    Co-borrower VOE was completed [Redact]9.  Although the Note date is [Redact], it's not prior to, however it is within 10 business days


Seller Comment (2022-03-04): [Redact] [Redact]-  See attached: [Redact] break down [Redact] [Redact] & YTD


Seller Comment (2022-03-04): [Redact] [Redact]-  See attached: UW income worksheet - [Redact]


Seller Comment (2022-03-04): [Redact] [Redact]-  See attached: Residual Income


Seller Comment (2022-03-04): [Redact] [Redact]-  See attached: Updated 1008.


Seller Comment (2022-03-04): [Redact] [Redact]-  See attached: Updated 1003
 03/08/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
216887885 437221527 24577247 Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Proposed Lender exception in file but not signed and approved for an exception for NOO, Loan amount exceeding [redacted], [redacted] home exception being within [redacted] and concurrent closing [redacted]. The representative FICO score exceeds the guideline minimum by at least xx points.

The qualifying DTI on the loan is at least xx% less than the guideline maximum.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Borrower's [redacted] credit score exceeds [redacted] minimum.

Borrower's DTI is [redacted]

Borrower has owned his business and been in the same profession for over [redacted] years.

Borrower's residual exceeds minimum of [redacted].

Borrower has owned his business and been in the same profession for over [redacted] years.		 Originator Pre-Close,Owner

Originator Pre-Close,Owner

Originator Pre-Close,Owner

Originator Pre-Close,Owner

Originator Pre-Close,Owner		 Reviewer Comment (2022-03-07): Lender approved exception for investment property with a $[Redact] loan amount.


Seller Comment (2022-03-03): Exception


Seller Comment (2022-03-03): Uploaded revised exception request


Reviewer Comment (2022-02-18): Lender Exception with [Redact]'s Approval received. However, the Comp Factors required are not met. Max LTV/CLTV is [Redact] (subject loan is at [Redact]), yet the exception requires [Redact] under requirement. Please update the Lender Exception (with [Redact]'s concurrence),with Comp Factors that can be attained.


Seller Comment (2022-02-15): Uploaded exception approved by [Redact].
 03/07/2022 2 B CA Investment Refinance - Cash-out - Other C B C B C B A A N/A Non QM No
216887885 437221527 24577779 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Please provide the Underwriters income worksheet (1084) Reviewer Comment (2022-02-09): Client provided Business Bank Statement Worksheet.


Seller Comment (2022-02-04): Income WS
 02/09/2022 1 A CA Investment Refinance - Cash-out - Other C B C B C B A A N/A Non QM No
216887885 437221527 24578368 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. The borrower was sent a copy of the appraisal on [redacted] ,however the appraisal was sent back to the  appraiser for corrections, the corrected appraisal wasn't received until 2 days after the closing date of [redacted]. Please provide proof that a copy of this corrected appraisal was set to the borrower. Reviewer Comment (2022-02-18): Seller Acknowledges Exception.


Seller Comment (2022-02-04): Seller requests buyer review: Unable to clear.
 02/18/2022 2 B CA Investment Refinance - Cash-out - Other C B C B C B A A N/A Non QM No
216887885 437221527 24578369 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. The borrower was sent a copy of the appraisal on [redacted],however the appraisal was sent back to the  appraiser for corrections, the corrected appraisal wasn't received until 2 days after the closing date of [redacted]. Please provide proof that a copy of this corrected appraisal was set to the borrower. Reviewer Comment (2022-02-18): Seller Acknowledges Exception.


Seller Comment (2022-02-04): Seller requests buyer review: Unable to clear.
 02/18/2022 2 B CA Investment Refinance - Cash-out - Other C B C B C B A A N/A Non QM No
216887885 437221527 24578370 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. The cost over 1 year was disclosed to the borrower on the final closing Disclosure as [redacted], The correct total is [redacted] (Taxes [redacted] HOI=[redacted]) Please provide a corrected closing Disclosure Reviewer Comment (2022-02-17): [Redact] received Letter of Explanation & Corrected Closing Disclosure.


Seller Comment (2022-02-15): PCCD
 02/17/2022 2 B CA Investment Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A N/A Non QM Yes
216887885 437221527 24585482 Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. - Final 1003 page 6 of 12 states: Will you occupy the property as your primary residence? Yes Reviewer Comment (2022-03-03): Client provided corrected 1003 showing borrower does not intend to occupy the property as primary residence.


Seller Comment (2022-02-28): Uploaded final 1003


Reviewer Comment (2022-02-18): Please update the 1003 and address the Occupancy question 5a (A) on page 6.
 03/03/2022 1 A CA Investment Refinance - Cash-out - Other C B C B C B A A N/A Non QM No
216887886 437221450 24580442 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Amount of Estimated Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Reviewer Comment (2022-02-17): [Redact] received Letter of Explanation & Corrected Closing Disclosure.


Seller Comment (2022-02-15): Uploaded PCCD


Reviewer Comment (2022-02-04): Final CD reflects monthly estimated monthly costs of $[Redact].  The tax certificate reflects monthly taxes of $[Redact] and the renewal insurance binder reflects an annual premium of $[Redact] or $[Redact].  Taxes of [Redact] + Insurance of $[Redact] = $[Redact].  This would total an estimated property costs of year 1 of $[Redact].  Please provide a corrected CD, 1003, 1008 and verification the borrower was notified of the corrections.


Seller Comment (2022-02-03): Please advise of the difference in calculation so we [Redact] funder can correct. Thanks so much, CW
 02/17/2022 2 B CA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
216887886 437221450 24580556 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. The Appraisal Fee. was disclosed to the borrower on the loan estimate as [redacted] but it appeared on the closing disclosure as [redacted] with no cure provided Reviewer Comment (2022-02-03): [Redact] received LE [Redact] & COC [Redact].


Seller Comment (2022-02-02): Uploaded LE and COC, disclosing appraisal fee at $[Redact]
 02/03/2022 1 A CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216887886 437221450 24580570 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx (x) business days prior to closing. Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. Reviewer Comment (2022-02-04): Initial CD and Disclosure Tracking summary provided.  Exception is cleared.


Seller Comment (2022-02-02): Uploaded initial CD dated [Redact]and e-sign tracking.
 02/04/2022 1 A CA Primary Refinance - Rate/Term No Defined Cure C B A A C B A A Non QM Non QM No
216887887 437221481 24576433 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Provide proof of homeowner's insurance for Borrowers primary residence located at [redacted]. Reviewer Comment (2022-02-11): proof of insurance received.  Exception cleared.


Seller Comment (2022-02-08): EOI
 02/11/2022 1 A CA Investment Refinance - Rate/Term C A C A B A A A N/A Exempt from ATR No
216887887 437221481 24577996 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Borrower acknowledgment of appraisal receipt xx business days prior to closing signed at closing not included in file. Reviewer Comment (2022-02-11): evidence of appraisal being provided received.  exception cleared.


Seller Comment (2022-02-08): Proof of appraisal delivery
 02/11/2022 1 A CA Investment Refinance - Rate/Term C A C A B A A A N/A Exempt from ATR No
216887889 437220987 24578636 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Reviewer Comment (2022-02-16): Final title provided.
 02/16/2022 1 A GA Primary Refinance - Cash-out - Other C A B A C A A A Non QM Non QM No
216887889 437220987 24581008 Credit Title General Title Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2022-02-16): Final title provided.


Seller Comment (2022-02-15): Final Title Policy
 02/16/2022 1 A GA Primary Refinance - Cash-out - Other C A B A C A A A Non QM Non QM No
216887889 437220987 24581133 Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted]  is less than amount of binding Lender Credit previously disclosed in the amount of [redacted]. Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted]. Reviewer Comment (2022-02-16): [Redact] received valid changed circumstance.


Seller Comment (2022-02-15): COC LE
 02/16/2022 1 A GA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A B A C A A A Non QM Non QM Yes
216888573 437220489 24583006 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. There is no evidence in file that the borrower was provided a copy of the revised appraisal.  The Appraisal Acknowledgment in file is dated [redacted] - before the revised appraisal - and only applies to the original appraisal version. Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B TX Primary Purchase B B A A B B A A Non QM Non QM No
216894375 437220540 24582885 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. The Loan Discount fee. was not disclosed to the borrower on the initial  loan estimate as but it appeared on the closing disclosure as [redacted] with no cure provided Reviewer Comment (2022-02-22): [Redact] received COC dated [Redact] showing rate lock. No additional cure is needed.


Seller Comment (2022-02-18): Please see COC [Redact] adding discount points $[Redact]to redisclosed LE [Redact]
 02/22/2022 1 A FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216894375 437220540 24585528 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B FL Primary Purchase C B A A C B A A Non QM Non QM No
216894375 437220540 25178107 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of revised valuation to applicant xx (x) business days prior to consummation. Appraisal was updated date on [redacted] (post close) and emailed to Borrower on xx/xx. Delivery proof included in the file. Reviewer Comment (2022-04-08): Seller acknowledges exception.
 04/08/2022 2 B FL Primary Purchase C B A A C B A A Non QM Non QM No
216894376 437220516 24582521 Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided Reviewer Comment (2022-03-10): Rec'd valid current Permanent Resident cards for both Borrower; exception cleared.


Seller Comment (2022-03-07): Greencards
 03/10/2022 1 A IL Investment Purchase C B C A B B A A N/A Exempt from ATR No
216894376 437220516 24587952 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 The signed 1003 in the file from the application timeframe reflects a different loan number - [redacted] - than the subject loan [redacted].  This prior 1003 in the file appears to be from a different application before the loan was re-boarded with an Application Date of [redacted].  The signed Initial 1003 for loan [redacted] around [redacted] is required. Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B IL Investment Purchase C B C A B B A A N/A Exempt from ATR No
216895447 437221541 24590235 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Please forward increased coverage or the Estimated Cost of Replacement. Reviewer Comment (2022-03-10): Cleared coverage is full replacement cost per eoi.


Seller Comment (2022-03-08): RCE


Reviewer Comment (2022-03-04): Please provide sufficient coverage to satisfy the Loan Amount or Estimated cost new as indicated on the appraisal or provide the Replacement Cost Estimator indicating the coverage is sufficient. Coverage on the policy must match or be greater than the Replacement Cost Estimator. Guaranteed Replacement coverage is also sufficient.


Seller Comment (2022-03-02): binder does mention 100% replacement cost coverage.


Reviewer Comment (2022-02-24): Replacement cost estimate states $[Redact] to replace dwelling, which is greater than the $[Redact] dwelling coverage. Exception remains.


Seller Comment (2022-02-18): Cost estimator
 03/10/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216895745 437221495 24577660 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 An acceptable CU score or CDA was not provided. Reviewer Comment (2022-02-17): Received CDA.  Exception is cleared.


Seller Comment (2022-02-16): CDA
 02/17/2022 1 A NY Investment Purchase D A C A D A No
216895745 437221495 24577811 Credit Insurance Insurance Documentation Insurance Hazard Insurance Error: Subject hazard insurance policy effective date is missing from evidence of insurance. HOI policy is missing the effective and expiration dates Reviewer Comment (2022-02-15): Documentation received.  Exception cleared. [Redact]


Seller Comment (2022-02-11): Updated HOI
 02/15/2022 1 A NY Investment Purchase D A C A D A No
216895745 437221495 24577814 Credit Insurance Insurance Documentation Insurance Hazard Insurance Error: Subject hazard insurance policy expiration date is missing from evidence of insurance. HOI policy is missing the effective and expiration dates Reviewer Comment (2022-02-15): Documentation received.  Exception cleared. [Redact]


Seller Comment (2022-02-11): HOI policy
 02/15/2022 1 A NY Investment Purchase D A C A D A No
216924589 437221524 24588689 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Spousal Consent Form not provided Need the signed Spousal Consent form for any married borrower. Reviewer Comment (2022-02-15): Interspousal Deed granting the property to the borrower received.  Exception is cleared.


Seller Comment (2022-02-11): Spouse deed
 02/15/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216924590 437221525 24588738 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Please forward increased coverage or Estimated Replacement Cost. Reviewer Comment (2022-03-17): HOI with increased dwelling coverage received.


Seller Comment (2022-03-15): Updated HOI


Reviewer Comment (2022-02-16): Please provide, from the insurance company or agent, the amount of extended A coverage that is included in extended coverages premium of $[Redact]. Or, some documentation that the policies replacement cost coverage portion of the policy will cover the difference of between the [Redact] policies $[Redact] face amount and the [Redact] $[Redact] estimated cost to rebuild. This issue remains open.


Seller Comment (2022-02-15): Uploaded cost estimator.
 03/17/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216924592 437221552 24606967 Credit Credit Miscellaneous Guideline Credit Exception: The Prepayment Addendum has NA for number or months. Please clarify the Prepayment penalty. Reviewer Comment (2022-02-15): Received prepayment clarification. Exception cleared.


Seller Comment (2022-02-14): Uploaded lender cert per [Redact] management.
 02/15/2022 1 A CA Investment Purchase C A C A A A No
216924936 437220515 24590847 Compliance Compliance Federal Compliance TILA TILA - Impermissible Prepayment Penalty Truth in Lending Act (Dodd-Frank 2014): Covered transaction contains impermissible prepayment penalty. Loan is being tested as QM. Please provide Business Purpose Certification, Occupancy Cert, as well as the Loan Comparison. Reviewer Comment (2022-04-05): Occupancy Cert and Business Purpose Cert received.


Seller Comment (2022-04-03): Business Purpose attached


Reviewer Comment (2022-03-17): Rec'd Occupancy Cert; still missing Business Purpose Certification stating any cash-out funds from transaction will be used for business purposes only. Exception remains


Seller Comment (2022-03-16): Occupancy Cert attached


Seller Comment (2022-03-16): NON-QM attached
 04/05/2022 1 A CA Investment Refinance - Cash-out - Other C B A A C B A A N/A Exempt from ATR No
216924936 437220515 24593867 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least xx x business days prior to closing, and appraisal was not provided at or before closing. Provide all appraisals and evidence they were all sent to the borrower at least 3 days prior to closing. Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B CA Investment Refinance - Cash-out - Other C B A A C B A A N/A Exempt from ATR No
216924938 437221540 24590658 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Documentation required to support the newer refinance amount per the Letter of Explanation and amount used by lender and the Hazard Policy premium not included in the policy document. Reviewer Comment (2022-02-11): property is vacant land.  No hazard.  Exception cleared.


Seller Comment (2022-02-08): Property at [Redact] does not have a house on it so therefore they are no longer insuring the empty land
 02/11/2022 1 A WA Primary Purchase C A C A A A A A Non QM Non QM No
216924939 437221553 24591532 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided Loan Underwriting and Transmittal Summary 1008 not provided Reviewer Comment (2022-02-07): 1008 received and document associated. Exception cleared.


Seller Comment (2022-02-04): 1008
 02/07/2022 1 A FL Second Home Purchase C B C A C B A A Non QM Non QM No
216924939 437221553 24592606 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Lender calculated HOA dues over Year 1 at [redacted] monthly [redacted] per year. HOA dues should reflect [redacted] monthly [redacted] per year. The Appraisal reflects [redacted] per year. Provide a post-close CD correcting the Escrow Account section on page 4 and Estimated Taxes, Insurance & Assessments on page 1; and a copy of the letter of explanation letter sent to the borrower disclosing the changes made. or provide verification of HOA dues disclosed on final CD supporting amounts disclosed. Reviewer Comment (2022-02-10): [Redact] received PCCD and LOE; exception is cured.


Seller Comment (2022-02-09): PCCD, Cover letter and proof sent to borrower.
 02/10/2022 2 B FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
216924939 437221553 24603242 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. HOI coverage is insufficient by [redacted].   Provide verification of policy with sufficient coverage OR provide copy of insurer's replacement cost estimate supporting current coverage amount. Reviewer Comment (2022-02-11): An update from the hazard insurance agent was received with the Replacement Cost Estimate. The Estimate entered previously does not list the address and the policy number does not match the policy, so appears to be for a different property. Cleared.


Seller Comment (2022-02-08): Uploaded LOE from HOI carrier.
 02/11/2022 1 A FL Second Home Purchase C B C A C B A A Non QM Non QM No
216924940 437221555 24592049 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. No evidence found in the file of either appraisal delivery to the borrower or appraisal waiver. Reviewer Comment (2022-02-04): Received Appraisal Notice. Appraisal was sent to borrower on [Redact]. Exception cleared.


Seller Comment (2022-02-03): Uploaded appraisal delivery on [Redact].
 02/04/2022 1 A CA Primary Purchase C B A A C B A A Non QM Non QM No
216924940 437221555 24592050 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. The Final CD reflects Estimated Property Costs over Year 1 as [redacted].  This amount includes an annual Hazard Premium of [redacted] - while the documented annual Hazard Insurance Policy Premium is [redacted] Reviewer Comment (2022-02-10): [Redact] received PCCD and LOE; exception is cured.


Seller Comment (2022-02-08): Uploaded PCCD
 02/10/2022 2 B CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
216924941 437221574 24601592 Credit Title General Title Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2022-02-07): Received closing instructions with title policy amount $[Redact]. Exception cleared.


Seller Comment (2022-02-04): Uploaded closing instruction please see page 2 boxed in red.
 02/07/2022 1 A CA Primary Purchase C B C A B B A A Non QM Non QM No
216924941 437221574 24601595 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Please provide all appraisals and evidence that it was sent to the borrower at least x days prior to closing Reviewer Comment (2022-02-22): Seller Acknowledges Exception.


Seller Comment (2022-02-10): Seller requests buyer review: Level 2 condition.


Reviewer Comment (2022-02-07): Appraisal effective date is [Redact] and report date is [Redact].
Note date is [Redact]. Provide evidence that appraisal was sent to the borrower at least 3 days prior to closing. Email provided in file confirms that the appraisal was sent to borrower on [Redact] which is not within 3 Business Days Prior to Consummation. Exception remains.


Seller Comment (2022-02-04): Appraisal delivery


Seller Comment (2022-02-04): Appraisal delivery.
 02/22/2022 2 B CA Primary Purchase C B C A B B A A Non QM Non QM No
216924941 437221574 24603131 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - File is missing CPA letter to state the name of business 2) Verify borrower percentage of ownership 3) Verify the length of self employment 4) that the business is active and in good standing as may be the case per state reporting. Per Approval #16. CPA letter in file does not contain the above information. Reviewer Comment (2022-02-22): Documentation sufficient.


Seller Comment (2022-02-15): [Redact] UW comments: CPA letter states he is sole owner wouldn't that be the same as stating he is 100% owner since he is the sole owner.  Also indicates for at least the past 15 years.  Business License indicates business is active.


Seller Comment (2022-02-15): Business License


Seller Comment (2022-02-15): Uploaded CPA and Business license.
 02/22/2022 1 A CA Primary Purchase C B C A B B A A Non QM Non QM No
216924942 437220158 24590355 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-04): Received and associated Initial 1003. Exception Cleared.


Seller Comment (2022-02-02): [Redact] [Redact] - URLA for review
 02/04/2022 1 A LA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216924942 437220158 24590480 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Please provide all appraisals and evidence that it was sent to the borrower at least x days prior to closing Reviewer Comment (2022-02-18): Seller Acknowledges Exception.


Seller Comment (2022-02-16): Seller requests buyer review: [Redact] [Redact] - unable to cure please  have it waived
 02/18/2022 2 B LA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216924942 437220158 24590482 Compliance Compliance Federal Compliance Federal HPML TIL Higher Priced Mortgage Loan Safe Harbor Test TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. Reviewer Comment (2022-03-15): Seller acknowledges exception.


Seller Comment (2022-03-14): [Redact] Please update to Waived - Thank you

[Redact]


Seller Comment (2022-03-11): [Redact] [Redact] - Accept as is, there is no remediation.


Seller Comment (2022-03-11): [Redact] [Redact] -sent to investor -  Please waive the exception with no grade change"


Reviewer Comment (2022-03-07): This is graded a 2, grading would not change if another exception was waived.  It can be acknowledged and accepted as is if remediation is not available.


Seller Comment (2022-03-07): [Redact] [Redact] - Can you please clarify - is this cleared?


Reviewer Comment (2022-03-04): Waterfall of the appraisal exception that was waived.
 03/15/2022 2 B LA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216924942 437220158 24590484 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within xx (x) business days of application. Reviewer Comment (2022-03-15): Seller acknowledges exception.


Seller Comment (2022-03-11): [Redact] [Redact] -sent to investor -  Please waive the exception with no grade change"


Seller Comment (2022-03-10): 03/10 [Redact] -  *** please dispute ** See attached  Broker disclosure email in hopes that we can get this one cleared. Per the Broker, this is the form they use for the Affiliated Business Arrangement Disclosure. On the last page of the notice attached it shows the following information below. Will this be sufficient to satisfy this finding?


Seller Comment (2022-03-10): 03/10 [Redact] -  *** please dispute ** See attached email in hopes that we can get this one cleared. Per the Broker, this is the form they use for the Affiliated Business Arrangement Disclosure. On the last page of the notice attached it shows the following information below. Will this be sufficient to satisfy this finding?


Reviewer Comment (2022-03-04): Received only a Privacy Notice. Please forward the Affiliated Business Arrangement Disclosure to applicant within three (3) business days of application.


Reviewer Comment (2022-03-04): Application date is [Redact]. The Affiliated Business Disclosure Statement is signed and dated [Redact]. Exception remains.


Seller Comment (2022-03-01): [Redact] [Redact] -  Affiliated Business Arrangement Disclosure date within 3 business days of application.


Reviewer Comment (2022-02-18): No new docs received. Affiliated Business Arrangement Disclosure dated [Redact] and Ap date [Redact]. Please forward the Affiliated Business Arrangement Disclosure within 3 business days of the Application date.


Seller Comment (2022-02-14): [Redact] [Redact] -  See attached: Affiliated Business Arrangement Disclosure
 03/15/2022 2 B LA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216924942 437220158 24590485 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Processing Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Cancellation Fee was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-02-14): [Redact] received PCCD dated [Redact] with LOX stating that the Title fee description has been corrected, hence after review exception has been cleared.


Seller Comment (2022-02-11): [Redact] [Redact] - Title fee description corrected, attached is the  SSPL


Seller Comment (2022-02-11): [Redact] [Redact] - Title fee description corrected, attached is the PCCD
 02/14/2022 1 A LA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216924942 437220158 24592473 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Disclosure Summary indicates valuation was sent on [redacted].  Valuation report is dated [redacted] Reviewer Comment (2022-02-18): Seller Acknowledges Exception.


Seller Comment (2022-02-16): Seller requests buyer review: [Redact] [Redact] - unable to cure please  have it waived
 02/18/2022 2 B LA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216924944 437220209 24592111 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-02): Client provided copy of Initial 1003.


Seller Comment (2022-01-31): [Redact] [Redact] - URLA for review
 02/02/2022 1 A MI Primary Purchase B B A A B B A A Non QM Non QM No
216924944 437220209 24594412 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Reviewer Comment (2022-02-23): Seller elects to waive this exception with no grade change.


Seller Comment (2022-02-22): [Redact] [Redact] - Please waive the exception with no grade change


Seller Comment (2022-02-16): Seller requests buyer review: [Redact] [Redact] - unable to cure please  have it waived
 02/23/2022 2 B MI Primary Purchase B B A A B B A A Non QM Non QM No
216924945 437221038 24590775 Credit Missing Document General Missing Document Missing Document: Bank Statements - Business not provided Please provide Business Bank Statement  [redacted] for  the month of XXXX ending [redacted]. Reviewer Comment (2022-02-18): Received Bank Statement for [Redact], UW Worksheet and 1008.


Seller Comment (2022-02-14): • Business bank statement from [Redact] in order to have 12 full months bank statements for [Redact]
 02/18/2022 1 A WI Primary Purchase C A C A B A A A Non QM Non QM No
216924945 437221038 24591465 Credit Insurance Insurance Analysis Insurance The Hazard Insurance Policy effective date is after the Transaction Date. Policy effective date is [redacted], Reviewer Comment (2022-02-18): Received the effective HOI.


Seller Comment (2022-02-14): • HOI that was effective at closing
 02/18/2022 1 A WI Primary Purchase C A C A B A A A Non QM Non QM No
216924945 437221038 24591521 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Please provide Business Bank Statement [redacted] for  the month of XXXX ending [redacted]. Reviewer Comment (2022-02-18): Received Bank Statement for [Redact], UW Worksheet and 1008.


Seller Comment (2022-02-14): updated 1008


Seller Comment (2022-02-14): • Updated income analysis worksheet
 02/18/2022 1 A WI Primary Purchase C A C A B A A A Non QM Non QM No
216924945 437221038 24592838 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-11): Received initial 1003. Exception cleared.


Seller Comment (2022-02-08): initial 1003
 02/11/2022 1 A WI Primary Purchase C A C A B A A A Non QM Non QM No
216924946 437221368 24612400 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided An Approval and/or FNMA Underwriting Transmittal was not found in the file in order to verify the terms under which the loan was approved. Reviewer Comment (2022-02-17): Received.


Seller Comment (2022-02-11): Loan approval


Seller Comment (2022-02-11): Uploaded 1008
 02/17/2022 1 A HI Primary Purchase C A C A C A C A Non QM Non QM No
216924946 437221368 24612470 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. A valid Change of Circumstance was not found for the increase in the appraisal fee from [redacted] to [redacted] on the CD dated [redacted].  A tolerance cure is required in the amount of [redacted] for this [redacted] tolerance fee. Reviewer Comment (2022-03-30): [Redact] received attestation stating Appraisal fee & Appraisal Management fee are both the same. Exception cleared.


Seller Comment (2022-03-29): Attestation from [Redact]


Reviewer Comment (2022-03-21): [Redact] upon further review as per COC dated [Redact] fee increased on [Redact] LE to $[Redact] however fee again increased to $[Redact] on LE dated [Redact] as per your clarification appraisal management fee of $[Redact] was altogether combined with appraisal fee on [Redact] LE and disclosed as $[Redact]. Please provide attestation for the same specifying that the appraisal fee and xxxx fee are clubbed and disclosed as $[Redact] on [Redact] LE.


Seller Comment (2022-03-18): [Redact] originally determined the appraisal fee based on an verbal estimate from the xxxx.
On 0811 we were Informed by the appraiser of the fee increase due to the complexity of the appraisal.   The fee increased from an estimate of [Redact]to an actual fee of $[Redact].    The update in fee was also updated to reflect one lump fee vs. a split fee.   Loan initially disclosed with an xxxx that splits fees up, xxxx selected does not require a split fee.


Reviewer Comment (2022-03-18): [Redact] received Appraisal invoice, which indicates "1004 - URAR in the amount of $[Redact]. No justification was provided the fees were combined to verify the xxxx was absorbed into the Total fee. Please provide updated supporting document for the fees were combined or Cure is required.


Seller Comment (2022-03-16): appraisal invoice


Reviewer Comment (2022-03-09): "[Redact] received LE dated [Redact] however we also need supporting documentation the fees were combined (IE invoice of appraisal fees) to verify the xxxx was absorbed into the total fee. Please provide invoice  in order to clear this exception.


Seller Comment (2022-03-07): LE dated [Redact], split fee lumped together.


Seller Comment (2022-03-07): LE dated [Redact]disclosing split fee.


Seller Comment (2022-03-07): LE dated [Redact] show appraisal [Redact] xxxx fee spilt it was caught on and lumped together on [Redact] LE. I uploaded again and boxed in red.


Reviewer Comment (2022-03-04): [Redact] received COC dated [Redact]; however, please provide supporting documentation the fees (Appraisal Fee & [Redact] xxxx Fee) were combined (IE invoice of appraisal fees) to verify the xxxx was absorbed into the total fee.


Seller Comment (2022-03-02): Uploaded COC change date [Redact]


Seller Comment (2022-03-02): LE COC for appraisal increase dated [Redact] was due to split fee appraisal $[Redact] and [Redact] xxxx Fee$[Redact] lumped into one fee, appraisal fee of $[Redact]


Reviewer Comment (2022-03-01): [Redact] Received LE dated [Redact] along with COC dated [Redact] however reason stated in the COC is not valid. Please provide valid COC with additional information which can explain why Appraisal Fee increased on LE dated [Redact] and LE dated [Redact] or cure required.


Seller Comment (2022-02-28): LE and COC, when appraisal increase was disclosed.


Seller Comment (2022-02-28): I uploaded two LE. LE dated [Redact] was initial change in appraisal due to appraiser increased. I will upload again. Please advise.


Reviewer Comment (2022-02-25): "[Redact] received COC indicating corrected CD to match xxxx invoice of $[Redact].We removed the xxxx split fee of $[Redact] from last LE and corrected CD to show a total fee of $[Redact] to xxxx which is not valid reason we need valid reason which can explain why the fee was increased or required cure in order to clear this exception.


Seller Comment (2022-02-24): LE and COC


Reviewer Comment (2022-02-17): Received an updated CD ([Redact]) and COC dated [Redact]. Still need a COC for the [Redact] LE addressing the increase in the appraisal fees. A cure was not provided on the [Redact] CD. Please forward the COC, CD with cure, LOE to borrower, copy of the cure check to borrower and evidence it was received by the borrower.


Reviewer Comment (2022-02-14): [Redact] received LE dated [Redact] and COC dated [Redact] which was also provided earlier. However Appraisal fee increased from $[Redact] to $[Redact] on LE dated [Redact], COC dated [Redact] provided in the file does not state any information  on increase of Appraisal fee. Please provide COC with sufficient information justifying the reason for increase of Appraisal fee to rebaseline the fee or provide cure. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check.


Seller Comment (2022-02-11): Uploaded LE and COC appraisal increase to $[Redact]
 03/30/2022 1 A HI Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A C A Non QM Non QM Yes
216924946 437221368 24612976 Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided A copy of the Lease Agreement and [redacted] months cancelled checks were not found for the borrower's current address of XXXX.  The loan application indicates she has been renting here for over [redacted] years.  The Fraud Guard Report indicates the property is in the name of a Family Trust that is related to the borrower. Reviewer Comment (2022-03-31): Lender provided a lender exception approval dated [Redact] page #[Redact] & [Redact]


Seller Comment (2022-03-29): Exception approval


Seller Comment (2022-03-29): Exception request


Reviewer Comment (2022-03-22): No new documentation received. Please forward docs as previously requested.


Reviewer Comment (2022-03-04): Received documented rent payment from the borrower for [Redact] thru [Redact] and [Redact], 9 months total. LOE from landlord explains borrower rents from her mother xxxx. The files reads that the borrower  has paid rent for over a year to her mother. Exception can't be cleared unless 12 consecutive months (we have 9 months) are documented, along with a Lease.


Seller Comment (2022-03-02): 9 month cancelled check


Seller Comment (2022-03-02): Please provide investor with the following comments from the UW: The scenario is the borrower lives in a property owned by the family trust that the mother manages.  There was no formal lease but because we asked for rental history the borrower and borrower's mother provided an LOX.  The borrower provided the cancelled checks they had which is the reason there was only 9months


Reviewer Comment (2022-02-17): Nothing yet received. Please forward 12 or more months cancelled checks and the Lease Agreement for the borrower's housing history.
 03/31/2022 1 A HI Primary Purchase C A C A C A C A Non QM Non QM No
216924946 437221368 24613062 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Other Includes Insurance Costs TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed whether Homeowners insurance is included in escrow in incorrect section.  Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table.  Disclosure requirement met, non-material exception for incorrect format/placement. The final CD reflects the "other" box as marked in the Estimated Taxes, Insurance and Assessments section on page 1 of the final CD.  Based on this, the lender include Wind and/or Flood Insurance premiums in the "other" section versus Homeowner's Insurance as required. Reviewer Comment (2022-02-16): Upon further review the exception is not applicable.


Seller Comment (2022-02-15): PCCD
 02/16/2022 1 A HI Primary Purchase Good Faith Redisclosure C A C A C A C A Non QM Non QM Yes
216924946 437221368 24628075 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - These properties as reflected on the final loan application as second homes, were not included in qualifying based on the documentation in the file.  Satisfactory documentation was not found in order to support the exclusion. Documentation is needed to verify they were owned were owned free and clear.  In addition, property taxes and insurance are needed to be documented in order to include them in qualifying. Reviewer Comment (2022-03-10): Cleared property appraisal provided for mulit family prop in estate of parent now sold.


Seller Comment (2022-03-08): Uploaded appraisal reflecting both actual address and legal descriptions.


Reviewer Comment (2022-03-04): Unable to match the property addresses with the documentation provided. Please forward information to match the legal descriptions with the actual addresses.


Seller Comment (2022-03-02): docs to omit.


Seller Comment (2022-03-02): Doc to omit


Seller Comment (2022-03-02): docs to omit


Seller Comment (2022-03-02): Docs to support omitting properties


Reviewer Comment (2022-02-17): Please forward the REO documentation as requested.
 03/10/2022 1 A HI Primary Purchase C A C A C A C A Non QM Non QM No
216924946 437221368 24686075 Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized.  Highest level secondary valuation does not support the value used to qualify.; Sec ID: 7 Provide additional valuation product. Reviewer Comment (2022-03-22): Field Review supports appraisal.


Seller Comment (2022-03-18): Uploaded field review.


Reviewer Comment (2022-03-04): The CDA is indeterminate, does not give a value and does not support the appraised value. Please provide an additional valuation that supports the appraisal value.


Seller Comment (2022-03-01): CDA


Reviewer Comment (2022-02-17): Please forward and addition valuation product.
 03/22/2022 1 A HI Primary Purchase C A C A C A C A Non QM Non QM No
216924947 437221536 24604887 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Reviewer Comment (2022-02-04): Received Disclosure Summary confirming the Appraisal sent to borrower on [Redact]. Exception cleared.


Seller Comment (2022-02-02): Appraisal Proof
 02/04/2022 1 A CA Second Home Refinance - Rate/Term B A A A B A A A Non QM Non QM No
216924948 437221377 24594025 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. x day rule not met Reviewer Comment (2022-02-07): Received disclosure summary . Appraisal was sent to borrower on [Redact] . Exception Cleared.


Seller Comment (2022-02-04): Uploaded appraisal delivery.
 02/07/2022 1 A CA Primary Purchase C A C A B A A A Non QM Non QM No
216924948 437221377 24598723 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___ Reviewer Comment (2022-02-18): Correction. Verbal VOE received stating operational per the CPA.


Reviewer Comment (2022-02-18): Please provide self employment documentation stating Active, in Good Standings or currently operational, but dated on the Note date or prior ([Redact]).


Seller Comment (2022-02-11): VVOE
 02/18/2022 1 A CA Primary Purchase C A C A B A A A Non QM Non QM No
216924950 437220939 24592522 Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. Reviewer Comment (2022-02-16): Page 2 of the Mortgage Statement verifies the [Redact] payment was made in a timely fashion.


Seller Comment (2022-02-11): • Mortgage statement confirming the Dec payment was made on [Redact] (see page 2)


Seller Comment (2022-02-11): • Pg 1 of the borrowers credit report confirming the mortgage rating through [Redact]
 02/16/2022 1 A CO Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216924952 437221539 24594770 Credit Insurance Insurance Analysis Insurance Hazard Insurance Policy expires within XX days of the Note Date. Reviewer Comment (2022-02-18): Renewal received.


Seller Comment (2022-02-15): Renewal
 02/18/2022 1 A CA Investment Refinance - Cash-out - Other B A B A A A A A N/A Exempt from ATR No
216924953 437220203 24593659 Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Appraisal is required to be in name of Lender - File is missing appraisal transfer letter. Borrower has verified disposable income of at least $xxxx.xx.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.		 Borrower's Own Funds Percent: [redacted]
Borrower's Own Funds Amount: [redacted]		 Owner

Owner,Originator		 Reviewer Comment (2022-02-25): Client approved appraisal transfer from Broker to Lender.  No transfer letter available.


Seller Comment (2022-02-23): [Redact] - [Redact] -   See attached: Approved [Redact] exception as this appraisal did NOT utilize any xxxx and we thus cannot provide xxxx assignment to seller or verify xxxx license. This requirement was waived by [Redact] in their exception.


Seller Comment (2022-02-23): [Redact] - [Redact] -   See attached: AIR Cert


Reviewer Comment (2022-02-22): Please provided the AIR Cert and the xxxx's assignment of the appraisal to the Seller.


Seller Comment (2022-02-16): [Redact]- [Redact] - Ø Exception approved by [Redact] for transferred appraisal subject to receipt of all items on [Redact] guidelines except for the xxxx guidance which includes requirement for a transfer letter. All other requirements met for transferred appraisal.


Seller Comment (2022-02-15): [Redact] [Redact] -"Please waive the exception with no grade change"
 02/25/2022 2 B AZ Investment Purchase C B C A B B B B N/A Exempt from ATR No
216924953 437220203 24594016 Credit Income / Employment Income Documentation Income / Employment The verification of employment is required and was not found in file. - File missing verification of employment for prior employment, start and end dates, to confirm two year employment history. Reviewer Comment (2022-03-07): Verification or previous employment received. Exception cleared.


Reviewer Comment (2022-03-07): The Verification of Employment for borrower's prior employment are dated post close.  Verification documents must be dated prior to closing.  The exception remains.


Seller Comment (2022-03-03): [Redact] [Redact] -  Please see attached VOE for [Redact] .


Reviewer Comment (2022-02-22): Please provided Employment Verification for prior employment at [Redact] with start and end dates.


Seller Comment (2022-02-16): [Redact] [Redact] -   Verification of employment form is on file for this employment.
 03/07/2022 1 A AZ Investment Purchase C B C A B B B B N/A Exempt from ATR No
216924953 437220203 24600824 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Please provide all appraisals and evidence that it was sent to the borrower at least 3 days prior to closing. Reviewer Comment (2022-02-22): Seller Acknowledges Exception.


Seller Comment (2022-02-15): Seller requests buyer review: [Redact] [Redact] -"Please waive the exception with no grade change"
 02/22/2022 2 B AZ Investment Purchase C B C A B B B B N/A Exempt from ATR No
216924953 437220203 25262094 Credit Guideline Guideline Issue Guideline Borrower has been on current job less than 2 years, and prior employment history was not documented as required. - Reviewer Comment (2022-04-08): Verification or previous employment received. Exception cleared.
 04/08/2022 1 A AZ Investment Purchase C B C A B B B B N/A Exempt from ATR No
216925087 437220968 24574174 Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. - 01/21/2022 1 A FL Second Home Purchase C A C A C A A A Non QM Non QM No
216925087 437220968 24574176 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 01/21/2022 1 A FL Second Home Purchase C A C A C A A A Non QM Non QM No
216925087 437220968 24574177 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Waiver Less than 3 Days From Consummation ECOA Valuations Rule (Dodd-Frank 2014): Borrower provided appraisal waiver less than xx (x) business days prior to consummation. 01/21/2022 1 A FL Second Home Purchase C A C A C A A A Non QM Non QM No
216925087 437220968 24574179 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. 01/20/2022 1 A FL Second Home Purchase No Defined Cure C A C A C A A A Non QM Non QM No
216925087 437220968 24574180 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Reviewer Comment (2022-02-03): Upon further review, this issue is cleared.


Seller Comment (2022-02-01): Seller requests buyer review: Please waive this exception with no grade change
 02/03/2022 1 A FL Second Home Purchase C A C A C A A A Non QM Non QM No
216925088 437220979 24574183 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. Reviewer Comment (2022-01-25): [Redact] received [Redact] CD.


Seller Comment (2022-01-24): initial CD
 01/25/2022 1 A CA Primary Refinance - Cash-out - Other No Defined Cure C A A A C A A A Non QM Non QM No
216925090 437220500 24574196 Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $XXXexceeds tolerance of $XXXplus [redacted] or $XXX  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2021-12-23): Sufficient Cure Provided At Closing
 12/23/2021 1 A OR Primary Purchase Final CD evidences Cure C B B B C A A A Non QM Non QM Yes
216925090 437220500 24574197 Credit Credit Miscellaneous Guideline Credit Exception: Deposits decreased over the last [redacted] months. The qualifying DTI on the loan is at least xx% less than the guideline maximum.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive. Originator,Owner

Owner

Owner

Owner

Owner		 Reviewer Comment (2022-01-03): Lender Exception with Comp Factors provided for regrade and waive.
 01/03/2022 2 B OR Primary Purchase C B B B C A A A Non QM Non QM No
216925090 437220500 24574198 Credit Credit Miscellaneous Guideline Credit Exception: Borrower rented from private individual and did not have XX months canceled checks. Some months were paid in cash per LOE. The qualifying DTI on the loan is at least xx% less than the guideline maximum.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive. Originator,Owner

Owner

Owner

Owner

Owner		 Reviewer Comment (2022-01-03): Lender Exception with Comp Factors provided for regrade and waive.
 01/03/2022 2 B OR Primary Purchase C B B B C A A A Non QM Non QM No
216925090 437220500 24574200 Compliance Compliance Federal Compliance TILA ARM Disclosure Status Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. Disclosure missing from the loan file. Reviewer Comment (2022-01-10): Client provided copy of ARM Disclosure which includes acknowledgement of CHARM Booklet.


Seller Comment (2022-01-06): see attached
 01/10/2022 1 A OR Primary Purchase No Defined Cure C B B B C A A A Non QM Non QM No
216925090 437220500 24574201 Compliance Compliance Federal Compliance TILA CHARM Booklet Provided Through Home Loan Toolkit TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet provided to the borrower through Home Loan Toolkit. Disclosure missing from the loan file. Reviewer Comment (2022-01-10): Client provided copy of ARM Disclosure which includes acknowledgement of CHARM Booklet.
 01/10/2022 1 A OR Primary Purchase C B B B C A A A Non QM Non QM No
216925092 437220542 24574207 Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Payoff Statement Missing Missing Payoff Statement: Unable to determine if a prepayment penalty was included in the pay-off which may impact high cost findings. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Primary Refinance - Cash-out - Other B B A A B B A A Non QM Non QM No
216925093 437220271 24574212 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. The final 1008 has a total rental income for the borrower as $xxxxx.xx The calculated rental income is $xxxx.xx this is causing a DTI discrepancy Reviewer Comment (2022-01-28): Lease agreement provided for additional unit. Exception cleared


Seller Comment (2022-01-26): see attached


Reviewer Comment (2022-01-21): We are missing the Lease for xxxx with rental income in the amount of $[Redact].  We are also missing the signature page for the Lease on xxxx.  Only 7 of the 8 pages have been provided.  Upon receipt of the missing lease, DTI will be recalculated.


Seller Comment (2022-01-21): See attached


Reviewer Comment (2022-01-19): The calculated income using Schedule E for all rental properties is $[Redact] which results in a DTI of [Redact].  The 1008 shows rental income is $xxxThe exception remains.


Seller Comment (2022-01-14): see attached
 01/28/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216925093 437220271 24574213 Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file. The file was missing a copy of the final title policy. Reviewer Comment (2022-01-06): Prelim title provided verifying original and current lenders are the same. Exception for title policy set. Exception cleared.


Seller Comment (2022-01-05): see attached
 01/06/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216925093 437220271 24574214 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - File missing lease agreement for xxx  for $x,xxx.xx per month. Reviewer Comment (2022-01-19): Client provided copy of Lease.


Seller Comment (2022-01-14): see attached
 01/19/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216925093 437220271 24574215 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. The final 1008 has a total rental income for the borrower as $xx,xxx,xx The calculated rental income is $xxxx.xx this is causing a DTI discrepancy. This is affecting the ability to repay. Reviewer Comment (2022-01-28): Client provided Lease Agreements for all rental properties.  DTI is within guideline limit.


Seller Comment (2022-01-26): see attached


Reviewer Comment (2022-01-21): We are missing the Lease for xxxx with rental income in the amount of $[Redact].  We are also missing the signature page for the Lease on xxxx.  Only 7 of the 8 pages have been provided.  Upon receipt of the missing lease, DTI will be recalculated.


Seller Comment (2022-01-21): See attached


Reviewer Comment (2022-01-19): The calculated income using Schedule E for all rental properties is $[Redact] which results in a DTI of [Redact].  The 1008 shows rental income is $xxxThe exception remains.


Seller Comment (2022-01-14): see attached
 01/28/2022 1 A CA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C B C A C B A A Non QM Non QM Yes
216925093 437220271 24574216 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. Reviewer Comment (2022-01-28): Client provided Lease Agreements for all rental properties.  DTI is within guideline limit.


Seller Comment (2022-01-26): see attached


Reviewer Comment (2022-01-21): We are missing the Lease for xxxx with rental income in the amount of $[Redact].  We are also missing the signature page for the Lease on xxxx.  Only 7 of the 8 pages have been provided.  Upon receipt of the missing lease, DTI will be recalculated.


Seller Comment (2022-01-21): See attached


Reviewer Comment (2022-01-19): The calculated income using Schedule E for all rental properties is $[Redact] which results in a DTI of [Redact].  The 1008 shows rental income is $xxxThe exception remains.


Seller Comment (2022-01-14): see attached
 01/28/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216925093 437220271 24574217 Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted] significantly exceeds the guideline maximum of [redacted]. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) File missing lease agreement for xxx for $x,xxx.xx per month. Reviewer Comment (2022-01-28): Lease agreement provided for additional unit. Exception cleared


Seller Comment (2022-01-26): see attached


Reviewer Comment (2022-01-21): We are missing the Lease for xxxx with rental income in the amount of $xxxx.  We are also missing the signature page for the Lease on xxxx.  Only 7 of the 8 pages have been provided.  Upon receipt of the missing lease, DTI will be recalculated.


Seller Comment (2022-01-21): See attached


Reviewer Comment (2022-01-19): We are in receipt of the Lease Agreement.  The calculated income using Schedule E for all rental properties is $xxxx which results in a DTI of [Redact].  The 1008 shows rental income is $xxxThe exception remains.


Seller Comment (2022-01-14): see attached
 01/28/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216925093 437220271 24574218 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The [redacted] form was used, the [redacted] form should have been used. Reviewer Comment (2022-01-06): Title commitment provided verifying current lender and original are the same. Excpetion cleared.


Seller Comment (2022-01-05): See title commitment uploaded to title suspense.
 01/06/2022 1 A CA Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B C A C B A A Non QM Non QM Yes
216925093 437220271 24574219 Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Payoff Statement Missing Missing Payoff Statement: Unable to determine if a prepayment penalty was included in the pay-off which may impact high cost findings. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216925093 437220271 24574220 Credit Title General Title Final Title Policy Coverage is less than Original Loan Amount. Prelim Title included in the file reflects a loan amount of $xxx,xxx,xxitle policy  or closing instructions not provided to confirm coverage increased to new loan amount. Reviewer Comment (2022-01-14): Client provided revised preliminary report with coverage in the amount of $[Redact].


Seller Comment (2022-01-13): see attached
 01/14/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216925094 437220443 24574225 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. Appraisal with interior and exterior inspection missing from the loan file. Reviewer Comment (2022-01-07): Appraisal issued [Redact] provided. Exception cleared.


Seller Comment (2022-01-06): see attached
 01/07/2022 1 A CA Primary Refinance - Rate/Term D B D B C A D A Non QM Non QM No
216925094 437220443 24574227 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Appraisal is missing.; Sec ID: 1 Appraisal with interior and exterior inspection missing from the loan file. Reviewer Comment (2022-01-07): Appraisal issued [Redact] provided. Exception cleared.


Seller Comment (2022-01-06): see attached
 01/07/2022 1 A CA Primary Refinance - Rate/Term D B D B C A D A Non QM Non QM No
216925094 437220443 24574228 Credit Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal not provided Appraisal with interior and exterior inspection missing from the loan file. Reviewer Comment (2022-01-07): Appraisal issued [Redact] provided. Exception cleared.


Seller Comment (2022-01-06): see attached
 01/07/2022 1 A CA Primary Refinance - Rate/Term D B D B C A D A Non QM Non QM No
216925094 437220443 24574229 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted] or [redacted]  Insufficient or no cure was provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-02-28): [Redact] received Corrected PCCD, Letter of Explanation, Proof of Delivery, Copy of Refund Check


Seller Comment (2022-02-24): see attached check


Reviewer Comment (2022-02-16): [Redact] Received Confirmation Mail from borrower stating "Copy of Check Received". However please provide Copy of check with authorized signature for the cure of $[Redact] as we only have Invoice for the same.


Seller Comment (2022-02-15): see attached confirmation email


Reviewer Comment (2022-01-18): [Redact] received PCCD & LOE. Please provide Proof of mailing & copy of check.


Seller Comment (2022-01-14): see attached
 02/28/2022 1 A CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D B C A D A Non QM Non QM Yes
216925094 437220443 24574230 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Transfer Tax Fee was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-02-28): [Redact] received Corrected PCCD, Letter of Explanation, Proof of Delivery, Copy of Refund Check


Seller Comment (2022-02-24): see attached check


Reviewer Comment (2022-02-16): [Redact] Received Confirmation Mail from borrower stating "Copy of Check Received". However please provide Copy of check with authorized signature for the cure of $[Redact] as we only have Invoice for the same.


Seller Comment (2022-02-15): see attached confirmation email


Reviewer Comment (2022-01-20): [Redact] upon further review, received invoice and an envelope. Please provide Authorized signature on Copy of check, also we cannot accept the envelope as proof of mailing. We need Email conformation from Borrower or Tracking number to track the shipment.


Seller Comment (2022-01-19): see attached


Reviewer Comment (2022-01-18): [Redact] received PCCD & LOE. Please provide Proof of mailing & copy of check.


Seller Comment (2022-01-14): see attached
 02/28/2022 1 A CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D B C A D A Non QM Non QM Yes
216925094 437220443 24574231 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - ___ File missing proof of insurance and taxes to included in total PITIA for DTI.  Mortgage statement in file reflects only P&I paid. The representative FICO score exceeds the guideline minimum by at least xx points.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.		 [redacted] points or more above requirements.

LTV [redacted] or more under requirement.		 Originator,Owner

Owner,Originator		 Reviewer Comment (2022-02-10): Approved lender exception provided.


Reviewer Comment (2022-02-07): Please advise what action you are requesting with the documentation provided. Note: Current grade is an EV-3. Lender provided a post-close exception approval. Is lender requesting this be sent to buyer for waiving, etc.?


Seller Comment (2022-02-03): see attached


Reviewer Comment (2022-01-19): The mortgage statement shows the loan is in the name of [Redact].  The Property Detail Report shows the owner is in the name of the [Redact].  The exception remains.


Seller Comment (2022-01-14): Borrower is not on title to the property and so we do not need to provide proof of taxes and insurance as she does not own the property any longer per property profile uploaded.
 02/10/2022 2 B CA Primary Refinance - Rate/Term D B D B C A D A Non QM Non QM No
216925094 437220443 24890334 Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted] or [redacted].  Sufficient or excess cure was provided to the borrower. [redacted] received Corrected PCCD, Letter of Explanation, Proof of Delivery, Copy of Refund Check Reviewer Comment (2022-02-28): Sufficient Cure Provided within 60 Days of Closing
 02/28/2022 1 A CA Primary Refinance - Rate/Term D B D B C A D A Non QM Non QM Yes
216925094 437220443 24890335 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower. [redacted] received Corrected PCCD, Letter of Explanation, Proof of Delivery, Copy of Refund Check Reviewer Comment (2022-02-28): Sufficient Cure Provided within 60 Days of Closing
 02/28/2022 1 A CA Primary Refinance - Rate/Term D B D B C A D A Non QM Non QM Yes
216925100 437220953 24574267 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. Missing CD issued [redacted]. Reviewer Comment (2022-01-18): xxx received xx/xx CD.


Seller Comment (2022-01-14): initial CD
 01/18/2022 1 A CA Primary Refinance - Cash-out - Other No Defined Cure C A A A C A A A Non QM Non QM No
216925101 437221379 24574277 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided Reviewer Comment (2022-01-12): Client provided 1008.


Seller Comment (2022-01-11): 1008
 01/12/2022 1 A CA Primary Refinance - Cash-out - Other C B C B C A A A Non QM Non QM No
216925101 437221379 24574278 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [redacted], prior to xx x business days from transaction date of [redacted]. Loan was disbursed prior to midnight of third business day after consummation.  Lender to re-open rescission, provide copy of new right to cancel form, copy of letter of explanation sent to borrower, and proof of delivery. Or provide certified closing statement from the title company verifying the funding date was on or after [redacted], or a funding department screen shot verifying disbursement date. Reviewer Comment (2022-01-13): Client provided Certified copy of Final Settlement Statement showing disbursement date of  [Redact].


Seller Comment (2022-01-11): Final SS


Seller Comment (2022-01-11): PCD
 01/13/2022 1 A CA Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B C B C A A A Non QM Non QM Yes
216925101 437221379 24574279 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Reviewer Comment (2022-02-04): Note and CPA letter provided in trailing documents. Borrower does not personally make payments. Exception cleared


Seller Comment (2022-02-02): documents attached reflects payment schedule.  Brw does not receive a mortgage statement.  Loan is paid for by the business.  The following documents to confirm are attached: Note, Property Profile (to match APN # for this property on the Note) and CPA letter.


Reviewer Comment (2022-01-31): The 1003 shows a monthly payment for this property in the amount of $[Redact] to [Redact].  Provide mortgage statement or equivalent document showing payment information for this loan.


Seller Comment (2022-01-27): Please refer to the property profile provided for this OREO business property listed as Orchard or basically Raw Land, we don't normally provide HOI on raw land, in this instance [Redact]
 02/04/2022 1 A CA Primary Refinance - Cash-out - Other C B C B C A A A Non QM Non QM No
216925101 437221379 24574280 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Reviewer Comment (2022-01-31): Client has provided tax document.  Property is raw land and has no hazard insurance.


Seller Comment (2022-01-27): Please refer to the property profile provided for this OREO business property listed as Orchard or basically Raw Land, we don't normally provide HOI on raw land, in this instance [Redact]
 01/31/2022 1 A CA Primary Refinance - Cash-out - Other C B C B C A A A Non QM Non QM No
216925101 437221379 24574281 Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. The representative FICO score exceeds the guideline minimum by at least xx points.

The qualifying DTI on the loan is at least xx% less than the guideline maximum.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.		 Originator,Owner

Originator,Owner

Originator,Owner

Owner

Owner

Owner		 Reviewer Comment (2022-01-03): Lender Exception with Comp Factors provided for regrade and waive.
 01/03/2022 2 B CA Primary Refinance - Cash-out - Other C B C B C A A A Non QM Non QM No
216925101 437221379 24574282 Credit Guideline Guideline Issue Guideline Per guidelines, the subject property cannot be greater than 20 acres. The representative FICO score exceeds the guideline minimum by at least xx points.

The qualifying DTI on the loan is at least xx% less than the guideline maximum.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.		 Originator,Owner

Originator,Owner

Originator,Owner

Owner

Owner

Owner		 Reviewer Comment (2022-01-03): Lender Exception with Comp Factors provided for regrade and waive.
 01/03/2022 2 B CA Primary Refinance - Cash-out - Other C B C B C A A A Non QM Non QM No
216925102 437220957 24574290 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. 01/14/2022 1 A GA Primary Refinance - Cash-out - Other No Defined Cure C A A A C A A A Non QM Non QM No
216925102 437220957 24574291 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Underwriting Fee.  Fee Amount of [redacted] exceeds tolerance of $xxx,xx.  Insufficient or no cure was provided to the borrower. 01/21/2022 1 A GA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
216925110 437221515 24574343 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. The Disclosure Tracking Details confirms the Appraisal was sent to the borrower on XX/XX/XXthere is no evidence of borrower receipt.  Presumed received date is XX/XX/XX Note Date is XX/XX/XX. Reviewer Comment (2022-02-08): Aggregator elects to waive.


Seller Comment (2022-02-08): Seller requests buyer review: lvl 2 condition, please waive
 02/08/2022 2 B CA Primary Purchase B B A A B B A A Non QM Non QM No
216925111 437221460 24574349 Credit Guideline Guideline Issue Guideline Loan does not meet minimum income documentation requirements. - Current Pay Stub not provided Reviewer Comment (2022-01-27): Client has provided paystubs covering the period of xx/xx/xx through xx/xx/xx.


Seller Comment (2022-01-25): Please find paystubs covering time period from[Redact]-[Redact] which covers a 30 day time period


Seller Comment (2022-01-25): Please find paystubs covering time period from [Redact]-[Redact] which covers a 30 day time period


Reviewer Comment (2022-01-24): We are in receipt of the paystub covering the period xx/xx/xx through xx/xx/xx.  The original file submission included paystubs for the period xx/xx/xx to xx/xx/xx.  Per guidelines, paystubs covering a 30 day period are required.  Documented paystubs still do not cover a full 30 day period.  The exception remains.


Seller Comment (2022-01-18): Paystub


Reviewer Comment (2022-01-12): Paystubs provided does not cover 30 days. Additional paystub is needed to clear exception


Seller Comment (2022-01-10): Paystub
 01/27/2022 1 A CA Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216925114 437220493 24574360 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Purchase Agreement / Sales Contract not provided Reviewer Comment (2022-02-04): Sales Contract received and document associated. Exception cleared.


Seller Comment (2022-02-03): Sales Contract
 02/04/2022 1 A FL Primary Purchase D B D A C B A A Non QM Non QM No
216925114 437220493 24574361 Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B FL Primary Purchase D B D A C B A A Non QM Non QM No
216925114 437220493 24574362 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. No cure provided to the borrower or valid change in circumstance documented in the loan file that supports fee increase. Reviewer Comment (2022-02-04): [Redact] received valid COC  dated [Redact] and LE dated [Redact]


Seller Comment (2022-02-03): COC and redisclosed LE
 02/04/2022 1 A FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D A C B A A Non QM Non QM Yes
216925114 437220493 24574363 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Mortgage Broker Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. No cure provided to the borrower or valid change in circumstance documented in the loan file that supports fee increase. Reviewer Comment (2022-02-08): [Redact] has received valid COC for increase in broker fee.


Seller Comment (2022-02-07): correct COC to LE


Reviewer Comment (2022-02-04): [Redact] received COC dated [Redact] but need additional information to justify the reason why broker fee was added on LE dated [Redact] or need cure


Seller Comment (2022-02-03): COC and redisclosed LE
 02/08/2022 1 A FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D A C B A A Non QM Non QM Yes
216925114 437220493 24574364 Credit Credit Miscellaneous Guideline Credit Exception: Missing receipt of [redacted] gift and evidence of donor withdrawal Reviewer Comment (2022-03-04): Client provided copy of wire confirmation for gift funds.


Seller Comment (2022-03-02): Closing Agent confirmation of gift receipt.


Reviewer Comment (2022-03-02): Per guidelines, gift funds must be documented/verified with one of the following; non of which was in the file. Exception remains.
o A copy of the donor's check and the Applicant's deposit slip,
o A copy of the donor's withdrawal slip and the Applicant's deposit slip,
o A copy of the donor's check to the closing agent, or
o A settlement statement showing receipt of the donor's check


Seller Comment (2022-02-25): Gift letter for $[Redact] gift.  Proof of donor's ability is not required, just the gift letter and proof of closing agent receipt as the gift was provided at the closing.


Reviewer Comment (2022-02-18): Please provide documentation to evidence that gift funds are either in the donor's account or have been transferred from the
donor's account to the Applicant:
 03/04/2022 1 A FL Primary Purchase D B D A C B A A Non QM Non QM No
216925114 437220493 24574365 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - HOA verification missing for [redacted] Reviewer Comment (2022-02-24): Client provided revised 1008 and 1003 removing HOA on [Redact] that was shown in error.


Seller Comment (2022-02-22): Revised 1003 & 1008 removing the $[Redact].  This was a duplicate of the homeowners insurance and property taxes that was added to the 1003 in error.  The Tax & Ins are included in the mortgage escrow.


Reviewer Comment (2022-02-18): The signed, Final 1003 reports the PITI payment verified with the mortgage statement, and an additional fee of $[Redact], presumed to be an HOA fee. A single Fam Residence can have a Pud or HOA fee. Please forward documentation or signed LOE ruling out an HOA fee.


Seller Comment (2022-02-15): Property profile indicates [Redact] is a Single Family Residence and not a condo/townhouse/PUD.  Therefore, Underwriter did not condition for HOA fee.  Please re-review and indicate what data points towards the existence of an HOA fee.
 02/24/2022 1 A FL Primary Purchase D B D A C B A A Non QM Non QM No
216925116 437221135 24574371 Credit Title General Title Final Title Policy Coverage is less than Original Loan Amount. The title policy amount on title does not match the loan amount Reviewer Comment (2022-01-06): Client provided revised preliminary title report showing coverage in the amount of $[Redact]


Seller Comment (2022-01-05): See updated title policy
 01/06/2022 1 A OR Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216925116 437221135 24574373 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Please provide all appraisals and evidence that it was sent to the borrower at least x days prior to closing Reviewer Comment (2022-03-01): Seller acknowledges exception.


Seller Comment (2022-01-05): Seller requests buyer review: Grade 2
 03/01/2022 2 B OR Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216925116 437221135 24574374 Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Payoff Statement Missing Missing Payoff Statement: Unable to determine if a prepayment penalty was included in the pay-off which may impact high cost findings. The file is missing the payoff statement. Reviewer Comment (2022-03-01): Seller acknowledges exception.


Seller Comment (2022-01-05): Seller requests buyer review: Grade 2
 03/01/2022 2 B OR Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216925116 437221135 24574375 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Loan Discount Fee was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-01-25): [Redact] received valid COC dated [Redact] for increase in fee.


Seller Comment (2022-01-24): CD/coc dated [Redact]
 01/25/2022 1 A OR Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216925118 437220330 24574385 Compliance Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided Reviewer Comment (2022-02-07): Received and associated Note - Subject Lien. Exception cleared.


Seller Comment (2022-02-04): Signed Endorsed Note
 02/07/2022 1 A FL Primary Refinance - Rate/Term D B A A D B A A Non QM Non QM No
216925118 437220330 24574387 Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. 01/13/2022 2 B FL Primary Refinance - Rate/Term D B A A D B A A Non QM Non QM No
216925118 437220330 24574388 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. 01/13/2022 2 B FL Primary Refinance - Rate/Term D B A A D B A A Non QM Non QM No
216925123 437221531 24574433 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). Reviewer Comment (2022-02-03): [Redact] received PCCD, LOE, copy of refund check, and proof of delivery; exception is cured.


Seller Comment (2022-02-02): Refund check, letter, and PCD
 02/03/2022 2 B CA Second Home Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B A A C B A A Non QM Non QM Yes
216925123 437221531 24574434 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated  [redacted]). Reviewer Comment (2022-02-03): [Redact] received PCCD, LOE, copy of refund check, and proof of delivery; exception is cured.


Seller Comment (2022-02-02): Refund check, letter, and PCD
 02/03/2022 2 B CA Second Home Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable C B A A C B A A Non QM Non QM Yes
216925123 437221531 24574438 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - SubEscrow Fee.  Fee Amount of $xx,xx exceeds tolerance of $x,xx.  Sufficient or excess cure was provided to the borrower. 12/27/2021 1 A CA Second Home Purchase C B A A C B A A Non QM Non QM Yes
216925127 437220379 24574454 Compliance Compliance Federal Compliance Federal HPML TIL Higher Priced Mortgage Loan Safe Harbor Test TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. Waterfall Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B TX Primary Refinance - Cash-out - Other C B A A C B B B Non QM Non QM No
216925127 437220379 24574455 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (No evidence that borrower received copies of all documents signed at closing) xxxx Constitution Section xxxx:  [redacted].   No evidence that borrower(s) received copies of all documents signed at time of closing. Reviewer Comment (2022-03-08): Client provided signed documents


Seller Comment (2022-03-04): [Redact] receipt of documents.


Reviewer Comment (2022-03-04): For [Redact]a6 loans, Borrowers usually sign an Affidavit/Acknowledgment of Receipt of Copies and a signed acknowledgment is not included in the file. Exception remains


Seller Comment (2022-03-01): We have provided evidence borrower received all documents.  Please review and clear this condition or let us know why it remains open at this time.
 03/08/2022 1 A TX Primary Refinance - Cash-out - Other Either Deliver the required documents to the borrower or refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. C B A A C B B B Non QM Non QM Yes
216925127 437220379 24574456 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Loan closed prior to expiration of 12-day cooling off period) xxxx Constitution Section xxxx: Revised Notice Concerning Extensions of Credit not provided on xxxx Home Equity Loan made on or after [redacted] as required by Section X(X). Reviewer Comment (2022-02-22): Client provided Notice Concerning Extension of Credit


Seller Comment (2022-02-15): Notice concerning extensions of credit.
 02/22/2022 1 A TX Primary Refinance - Cash-out - Other Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. C B A A C B B B Non QM Non QM Yes
216925127 437220379 24574457 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Provided) xxxx Constitution Section xxxx: Borrower did not receive written "Acknowledgment of the Fair Market Value" of homestead property securing loan. Reviewer Comment (2022-02-22): Client provided Acknowledgment of Fair Market Value


Seller Comment (2022-02-15): Acknowledgement Regarding Fair Market Value of Homestead Property.
 02/22/2022 1 A TX Primary Refinance - Cash-out - Other To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree.  Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. C B A A C B B B Non QM Non QM Yes
216925127 437220379 24574459 Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Appraisal is required to be in name of Lender - Please forward an updated appraisal or transfer letter. Reviewer Comment (2022-01-13): Seller acknowledges this exception.
 01/13/2022 2 B TX Primary Refinance - Cash-out - Other C B A A C B B B Non QM Non QM No
216925127 437220379 24574460 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Loan Not Closed At Office of Lender, Attorney, or Title Company) xxxx Constitution Section xxxx:  Unable to determine if loan was closed at an authorized location due to missing documentation. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B TX Primary Refinance - Cash-out - Other Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. C B A A C B B B Non QM Non QM No
216925127 437220379 24860883 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Properly Executed by all persons vested on title) xxxx Constitution Section xxxx: Acknowledgment of the Fair Market Value not properly executed. Missing signature of Lender on this document. Reviewer Comment (2022-02-28): Closed in error; need to clear via Compliance run.


Reviewer Comment (2022-02-28): Client provided document signed by all parties.


Seller Comment (2022-02-24): Fully executed Acknowledgement regarding Fair Market Value
 02/28/2022 1 A TX Primary Refinance - Cash-out - Other To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree.  Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. C B A A C B B B Non QM Non QM Yes
216925127 437220379 24860884 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) xxxx Constitution Section xxxx: Acknowledgment of the Fair Market Value not properly executed by the Lender. Missing signature of Lender on this document. Reviewer Comment (2022-02-28): Client provided document signed by all parties.
 02/28/2022 1 A TX Primary Refinance - Cash-out - Other To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents, (AFMV signed by the lender), and obtain an executed copy; OR (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. C B A A C B B B Non QM Non QM Yes
216925129 437220448 24574467 Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. 01/13/2022 2 B FL Primary Refinance - Cash-out - Other C B C A B B A A Non QM Non QM No
216925129 437220448 24574468 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Reviewer Comment (2022-02-07): Sufficient coverage to cover the loan amount.  Exception cleared


Seller Comment (2022-02-03): Dwelling Coverage exceeds the loan amount of $[Redact]. - Dwelling on Hazard reflects $[Redact] - Please waive suspense
 02/07/2022 1 A FL Primary Refinance - Cash-out - Other C B C A B B A A Non QM Non QM No
216925130 437220494 24574471 Credit Insurance Insurance Analysis Insurance The Hazard Insurance Policy effective date is after the Transaction Date. Hazard Insurance Policy Effective Date ___, Transaction Date:  ___ The Insurance Binder effective date is [redacted] and the Final CD has a Closing Date of [redacted] and Disbursement Date of [redacted]. Reviewer Comment (2022-03-04): PC CD dated [Redact] verifying the [Redact] closing date and [Redact] disbursement date received. Insurance policy effective date is the same as the disbursement date. Exception cleared.


Seller Comment (2022-03-01): PCCD


Seller Comment (2022-03-01): Final Settlement Settlement Statement
 03/04/2022 1 A CA Primary Purchase C B C A B B A A Non QM Non QM No
216925130 437220494 24574472 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. There is no evidence in the file that the revised [redacted] Appraisal was delivered to the borrower.  All Appraisal Notice/Delivery documents in file apply to the original [redacted] Appraisal. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Primary Purchase C B C A B B A A Non QM Non QM No
216925131 437220476 24574474 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient cure of [redacted] was provided. Reviewer Comment (2022-02-04): [Redact] received COC dated  xx/xx and [Redact]


Seller Comment (2022-02-03): Redisclosed LEs and COCs
 02/04/2022 1 A FL Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
216925131 437220476 24574475 Credit Credit Miscellaneous Guideline Credit Exception: Account statement for [redacted] Missing. Please provide XXXX account statement. Reviewer Comment (2022-03-10): Rec'd [Redact] business bank statement in trailing docs.


Seller Comment (2022-03-07): [Redact] [Redact] statement
 03/10/2022 1 A FL Second Home Purchase C A C A C A A A Non QM Non QM No
216925133 437220439 24574481 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. The Loan Discount fees of [redacted] increased on [redacted] and no COC was found in the file nor cure provided. Reviewer Comment (2022-03-14): [Redact] Received valid COC dated [Redact] therefore no cure required.


Seller Comment (2022-03-11): Please see [Redact] COC attached addressing discount pts added[Redact]
 03/14/2022 1 A MD Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
216925137 437221107 24574508 Credit Insurance Insurance Analysis Insurance The Hazard Insurance Policy effective date is after the Transaction Date. The Hazard Insurance Policy Effective Date is after the Transaction Date Reviewer Comment (2022-01-13): Received revised hazard insurance policy. Cleared.


Seller Comment (2022-01-11): Updated hazard


Reviewer Comment (2022-01-10): The Evidence of Property Insurance with the revised dates is missing the Property Address.  Provide corrected Evidence of Property Insurance that includes the property address.


Seller Comment (2022-01-10): Correct insurance
 01/13/2022 1 A UT Investment Purchase C A C A A A A A N/A Exempt from ATR No
216925144 437221509 24574546 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Reviewer Comment (2022-02-08): Aggregator elects to waive.


Reviewer Comment (2022-02-04): Received Disclosure Summary reflects Appraisal received date of xx/xx/xxme as the closing date. Please provide Appraisal Waiver dated and signed by the borrower for waiving the appraisal delivery timing requirement of 3 days. Exception remains.


Seller Comment (2022-02-02): Appr proof and Appr review proof
 02/08/2022 2 B CA Primary Refinance - Rate/Term B B A A B B A A Non QM Non QM No
216925149 437221523 24574570 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. Closing Disclosure not provided to Borrower at least 3 business days prior to closing. Reviewer Comment (2022-01-14): xxx reviewed disclosure tracking in file indicating the xx/xx CD was received the same day.


Seller Comment (2022-01-12): Timing LOX
 01/14/2022 1 A CA Primary Refinance - Cash-out - Other No Defined Cure C A B A C A A A Non QM Non QM No
216925149 437221523 24574571 Credit Title Document Error Title There is no dollar amount noted on the title policy. The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. Reviewer Comment (2022-01-14): Client provided Final Title Policy with coverage in the amount of $xxx.


Seller Comment (2022-01-12): Title
 01/14/2022 1 A CA Primary Refinance - Cash-out - Other C A B A C A A A Non QM Non QM No
216925151 437220414 24574586 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. The Loan Designation is failing due to the ATR fail of the asset statements being used for Passive Asset Utilization being older than XX days prior to the Note date. Reviewer Comment (2022-01-05): Non QM
 01/05/2022 1 A NJ Primary Refinance - Rate/Term Lender to provide updated ATR/QM status C A A A C A A A Non QM Non QM Yes
216925151 437220414 24574587 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Asset Depletion Income Ability to Repay (Dodd-Frank 2014):  Unable to verity asset depletion income due to, bank statement provided was dated more than [redacted] days prior to closing. ATR fail is due to the xxx statements for accounts ending in #xxxx, xxxx,xxxx used for xxx being over XX days old by the Note date. Provide more recent bank statements, Third Party Verification or VOD for these accounts to meet ATR guidelines and dated within XX days of the Note date of XXX/XX/XX. Reviewer Comment (2022-01-05): Meets guidelines
 01/05/2022 1 A NJ Primary Refinance - Rate/Term C A A A C A A A Non QM Non QM No
216925151 437220414 24574588 Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. The General ATR fail is due to the xxx statements for accounts ending in #xxxx, xxxx,xxxx used for xxx being over XX days old by the Note date. Provide more recent bank statements, Third Party Verification or VOD for these accounts to meet ATR guidelines and dated within XX days of the Note date of XXX/XX/XX. Reviewer Comment (2022-01-05): Non-QM
 01/05/2022 1 A NJ Primary Refinance - Rate/Term C A A A C A A A Non QM Non QM No
216925155 437221435 24574614 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. The borrower received a copy of the appraisal on xx/XX/XX which was not x days prior to the Note date and there was no signed waiver in file. Reviewer Comment (2022-02-08): Aggregator elects to waive.
 02/08/2022 2 B CA Investment Refinance - Cash-out - Other B B A A B B A A N/A Exempt from ATR No
216925159 437220479 24574634 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least x days prior to closing. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B TX Primary Purchase C B C A C B A A Non QM Non QM No
216925159 437220479 24574636 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. A valid COC for Loan Discount Points Fee was not found in the file.  Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-02-23): [Redact] received a valid COC for the fee increased.


Seller Comment (2022-02-18): Please see COC for LE Dated [Redact]


Reviewer Comment (2022-02-07): [Redact] has received COC dated [Redact]. However Loan discount points initially increased from $[Redact] to $[Redact] on LE dated [Redact] which is initially locked as per LE and no valid COC is provided for the same. In addition in COC dated [Redact] stated as "Lock initial" but as per LE loan was locked on or before [Redact]  Please provide COC for addition of Loan discount points $[Redact] on LE dated [Redact] and also corrected COC for [Redact].


Seller Comment (2022-02-03): Please see COC addressing the discount points disclosed on the initial CD
 02/23/2022 1 A TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216925159 437220479 24574637 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Attorney Review Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. A valid COC for Attorney Review Fee was not found in the file.  An updated post-close CD disclosing the tolerance cure, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changed made was not provided. Reviewer Comment (2022-02-23): [Redact] received cure at closing.


Seller Comment (2022-02-18): The COC for the LE has been submitted


Reviewer Comment (2022-02-04): [Redact]: Cure provided at closing is insufficient to cure for all the citing (Attorney Fee + Loan discount Point) exception. Exceptions will be cleared on resolution of Loan Discount point exception.


Seller Comment (2022-02-03): The attorney review fee was cure at closing, please see final CD for the $[Redact].
 02/23/2022 1 A TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216925159 437220479 24574638 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided Reviewer Comment (2022-03-10): Rec'd 1008 in trailing docs; exception cleared.


Seller Comment (2022-03-07): 1008
 03/10/2022 1 A TX Primary Purchase C B C A C B A A Non QM Non QM No
216925159 437220479 25013662 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Attorney Review Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-03-11): Sufficient Cure Provided At Closing
 03/11/2022 1 A TX Primary Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
216925161 437221145 24574649 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $XXXexceeds tolerance of $x,xx.  Insufficient or no cure was provided to the borrower. Appraisal Desk Review Fee of XXX,xx exceeds the Zero Percent Tolerance by $XXX,, file does not contain a valid COC for this fee, nor evidence of cure.  Provide a post-close CD disclosing the tolerance cure to include $XXX,xx copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changed made, or VCC. Reviewer Comment (2022-01-10): xxx Received PCCD, LOE, Copy of check and delivery report for the cure provided.


Seller Comment (2022-01-07): TRID items
 01/10/2022 2 B NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216925162 437221519 24574652 Credit System General Appraisal Reconciliation Valuation address does not match Note address. - Appraisal Zip Code is [redacted], Verify zip code is accurate. Reviewer Comment (2022-02-22): Client provided CDA with correct zip code.


Seller Comment (2022-02-15): RDA


Reviewer Comment (2022-02-04): Please forward the CDA with the corrected zip code for the subject property.


Reviewer Comment (2022-01-24): This exception is for the incorrect zip code on the CDA from Clear Capital.  The zip code on the report is [Redact].  The Note shows the zip code to be [Redact].  The exception remains.


Seller Comment (2022-01-20): corrected appraisal
 02/22/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
216925162 437221519 24574653 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Provide all appraisals and evidence they were all sent to the borrower at least 3 days prior to closing. Reviewer Comment (2022-02-03): Proof of receipt of updated appraisal provided to borrower. Exception cleared.


Seller Comment (2022-02-01): appraisal delivery [Redact] & [Redact]


Reviewer Comment (2022-01-24): The date of the Initial Appraisal Report is [Redact].  The delivery document is dated [Redact] which is prior to the completion date.  Provide the appraisal delivery document dated after the signature date of [Redact].  The Revised/Final Appraisal Report is dated [Redact].  Provide appraisal delivery document for this appraisal as well.


Seller Comment (2022-01-21): Appr Proof
 02/03/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
216925162 437221519 24574655 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Waterfall - Insufficient assets. Gift letter provided post close. Reviewer Comment (2022-03-17): Asset documentation rec'd


Seller Comment (2022-03-15): Gift Letter


Reviewer Comment (2022-03-11): Gift letter and funds receipt documentation received. No new documentation submitted. Exception remains.


Seller Comment (2022-03-08): Gift Letter


Reviewer Comment (2022-02-08): Once all EV3 level exceptions are cleared the loan will be re-reviewed for compliance.  Exception remains.  [Redact].


Seller Comment (2022-02-08): On the [Redact] ones, escrow refers to the closing date as the recording date, not the execution date.  Docs are almost always signed days prior to escrow's closing date. This appears to be done correctly on their final statement.  It's a little different than other states. Thanks!


Reviewer Comment (2022-02-03): The final Settlement Statement states the closing is on [Redact] yet all closing documents were signed on [Redact]. We would consider closing to be the time the consumer signed the promissory note which is presumed to be on the same date the Security Instrument is notarized. Having said that, there is an opportunity to downgrade the exception to an EV2-B if there are compelling compensating factors on the loan. Please advise of any comp factors that exist for consideration of a downgrade which would allow the loan to move to Non-QM.  Exception remains.


Seller Comment (2022-02-01): certified settlement statement


Reviewer Comment (2022-01-24): Provide Certified copy of the Estimated Settlement Statement and a Certified Copy of the Final Settlement Statement from [Redact]


Seller Comment (2022-01-20): per Final SS in file, gift funds were provided on [Redact] prior to disbursement date [Redact]


Reviewer Comment (2022-01-12): Wire transfer for the gift funds is dated [Redact] which is after the closing date of [Redact]. Therefore loan closed without sufficient assets and lender exception is needed to regrade and waive.


Seller Comment (2022-01-10): per Final SS in file, gift funds were provided prior to closing and are listed on the SS - updated PCCD also provided
 03/17/2022 1 A CA Primary Purchase Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM Yes
216925162 437221519 24574656 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Assets Ability to Repay (Dodd-Frank 2014): Unable to verify assets using reasonably reliable third-party records. Insufficient assets. Gift letter provided post close. Reviewer Comment (2022-03-17): Asset documentation rec'd


Seller Comment (2022-03-15): Gift Letter


Reviewer Comment (2022-03-11): Gift letter and funds receipt documentation received. No new documentation submitted. Exception remains.


Seller Comment (2022-03-08): Gift Letter


Reviewer Comment (2022-03-02): Funds must be available and verifiable when documents are signed at closing.  The exception stands.


Seller Comment (2022-02-25): The Gift funds was listed on the initial loan application.
The UW conditioned for proof of gift funds deposited directly to Escrow as a Prior to Funding condition and this was cleared by the funder on [Redact]


Reviewer Comment (2022-02-08): The gift letter itself is dated after the note date and is therefore not allowed.  Exception remains.  [Redact].


Seller Comment (2022-02-08): On the [Redact] ones, escrow refers to the closing date as the recording date, not the execution date.  Docs are almost always signed days prior to escrow's closing date. This appears to be done correctly on their final statement.  It's a little different than other states. Thanks!


Reviewer Comment (2022-02-03): The final Settlement Statement states the closing is on [Redact] yet all closing documents were signed on [Redact]. We would consider closing to be the time the consumer signed the promissory note which is presumed to be on the same date the Security Instrument is notarized. Having said that, there is an opportunity to downgrade the exception to an EV2-B if there are compelling compensating factors on the loan. Please advise of any comp factors that exist for consideration of a downgrade which would allow the loan to move to Non-QM.  Exception remains.


Seller Comment (2022-02-01): certified settlement statement


Reviewer Comment (2022-01-24): Provide Certified copy of the Estimated Settlement Statement and a Certified Copy of the Final Settlement Statement from [Redact]


Seller Comment (2022-01-20): per Final SS in file, gift funds were provided on [Redact] prior to disbursement date [Redact]


Reviewer Comment (2022-01-12): Wire transfer for the gift funds is dated [Redact] which is after the closing date of [Redact]. Therefore loan closed without sufficient assets and lender exception is needed to regrade and waive.


Seller Comment (2022-01-10): per Final SS in file, gift funds were provided prior to closing and are listed on the SS - updated PCCD also provided
 03/17/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
216925162 437221519 24574657 Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Waterfall - Insufficient assets. Gift letter provided post close. Reviewer Comment (2022-03-17): Asset documentation rec'd
 03/17/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
216925162 437221519 24574659 Credit Income / Employment Income Documentation Income / Employment Large deposits were not sourced and/or letter of explanation was not provided. Provide evidence of source of large deposits, or omit from income worksheet. Reviewer Comment (2022-01-12): Documentation received. Exception cleared.


Seller Comment (2022-01-10): Large Deposit LOE
 01/12/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
216925163 437221360 24574662 Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Missing Document: Note - Subordinate Lien not provided Please provide the subordinate lien note. Reviewer Comment (2022-01-24): Client provided copy of Note for subordinated lien with [Redact]


Seller Comment (2022-01-18): Subordinate Lien
 01/24/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A A A N/A Exempt from ATR No
216925166 437221529 24574685 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - 01/13/2022 1 A CA Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216925166 437221529 24574686 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Reviewer Comment (2022-02-01): HOA received.
 02/01/2022 1 A CA Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216925174 437221436 24574752 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. Initial CD Issued less than X days prior to closing and received by the borrower less than X business [redacted] days prior  to consummation Reviewer Comment (2022-01-28): [Redact] received [Redact] CD.


Seller Comment (2022-01-27): Initial CD
 01/28/2022 1 A NJ Primary Refinance - Cash-out - Other No Defined Cure C A A A C A A A Non QM Non QM No
216925174 437221436 24634798 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. Please provide receipt if received [redacted] earlier as the mailbox rule is currently used. Reviewer Comment (2022-01-31): [Redact] received [Redact] CD received the same day issued.


Seller Comment (2022-01-28): Initial CD
 01/31/2022 1 A NJ Primary Refinance - Cash-out - Other No Defined Cure C A A A C A A A Non QM Non QM No
216925175 437220553 24574755 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - File is missing a Cxx/xx/xxcensed tax preparer letter or equivalent document verifying self-employment must be provided in all cases. Reviewer Comment (2022-01-13): Client provided CPA Letter.


Seller Comment (2022-01-12): CPA Letter
 01/13/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216925175 437220553 24574756 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. HOI coverage is insufficient by $xx,xxx,xx. Provide verification of policy with sufficient coverage OR provide copy of insurer's replacement cost estimate supporting current coverage amount. Reviewer Comment (2022-01-13): Client provided Replacement Cost Estimate; insured amount is sufficient.


Seller Comment (2022-01-12): RCE with HOI
 01/13/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216925175 437220553 24574757 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. Closing Disclosure was not provided to the borrower at least xx days prior to closing. Reviewer Comment (2022-01-21): [Redact] received [Redact] CD,


Seller Comment (2022-01-20): Initial CD


Reviewer Comment (2022-01-14): Please re send initial CD as a CD was not received in trailing documents.


Seller Comment (2022-01-12): Initial CD
 01/21/2022 1 A CA Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
216925175 437220553 24574758 Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Borrower did not receive list of service providers. Reviewer Comment (2022-01-28): [Redact] received valid SSPL.
 01/28/2022 1 A CA Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
216925175 437220553 24574759 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted] or [redacted],  Insufficient or no cure was provided to the borrower. No Lender tolerance cure was provided in the file. Reviewer Comment (2022-01-28): [Redact] received valid SSPL.Upon further review there is no tolerance violation.


Seller Comment (2022-01-27): SPL uploaded


Seller Comment (2022-01-27): COC [Redact]


Reviewer Comment (2022-01-27): [Redact] Received LOE does not suffice Exception also available COC dated [Redact] is not valid. Please provide valid COC with additional information which can Explain why Tittle Fees and Recording Fee increased on CD dated [Redact] or cure required. This file does not contain a Settlement Service Providers List. SSPL is necessary to determine tolerance and whether the borrower shopped for services. Please provide SSPL.


Seller Comment (2022-01-26): LOE [Redact] to [Redact] difference


Reviewer Comment (2022-01-25): [Redact] received changed circumstance dated xx/xx/xxxx. No information on what change necessitated the addition of the fee was provided. This file does not contain a Settlement Service Providers List. SSPL is necessary to determine tolerance and whether the borrower shopped for services. Please provide SSPL.


Seller Comment (2022-01-24): Disclosure Tracking
 01/28/2022 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216925175 437220553 24574760 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $xx,xxx,xx exceeds tolerance of $x,xx.  Insufficient or no cure was provided to the borrower. Loan Discount Points Fee was last disclosed as $x,xx on LE but disclosed as $xx,xxx,xx on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $xx,xxx,xx, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-01-27): [Redact] Received valid COC dated [Redact] therefore no cure required.


Seller Comment (2022-01-26): [Redact] COC


Reviewer Comment (2022-01-25): [Redact] received LE dated xx/xx/xxxx wherein Loan Discount Points [Redact] has been added; however, COC within 3 business days is missing. COC dated xx/xx/xxxx is not within 3 business days from LE. Please provide a valid COC or cure documents.


Seller Comment (2022-01-24): points
 01/27/2022 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216925175 437220553 24574761 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $xxx,xx exceeds tolerance of $xxx,xx.  Insufficient or no cure was provided to the borrower. Appraisal Desk Review Fee was last disclosed as $xxx,xx on LE but disclosed as $xxx,xx on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $x,xx, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-01-31): [Redact] received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund Check.


Seller Comment (2022-01-28): CURE - PCCD [Redact] for appraisal


Reviewer Comment (2022-01-28): [Redact] received COC dated xx/xx/xxxx.But upon further review need additional information on COC to justify the reason why fee was added on CD dated xx/xx/xxxx or need cure.


Seller Comment (2022-01-27): COC [Redact]


Reviewer Comment (2022-01-25): [Redact] received COC dated xx/xx/xxxx is not within 3 business days from CD. Appraisal Desk Review Fee increased on CD xx/xx/xxxx $xxx. Please provide a valid COC as additional information on the change is required to determine if fee can be rebaselined.


Seller Comment (2022-01-24): [Redact] COC change waive escrow, desk review change and points
 01/31/2022 2 B CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216925175 437220553 24574762 Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. File missing credit supplement to show no [redacted] day late through closing date transaction. DLA on credit report is  [redacted] Reviewer Comment (2022-01-24): Client provided mortgage statement dated xx/xx/xx showing nex due xx/xx/xx with no late charges due.


Seller Comment (2022-01-20): Mort statement


Seller Comment (2022-01-20): payment history
 01/24/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216925179 437221365 24574785 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Per business entity third party verification, business started xx/xx/xx20. The file is missing [redacted] business returns and K-1s, if applicable Reviewer Comment (2022-01-28): Client provided 1120 and Schedule K for [Redact].


Seller Comment (2022-01-25): Complete 1120s


Reviewer Comment (2022-01-24): We are in receipt of the first page of the [Redact] Form 1120-S for [Redact], however, we need a copy of the full 1120 and the Schedule K for [Redact].  The exception remains.


Seller Comment (2022-01-18): 1120s signed and dated the same date as CPA
 01/28/2022 1 A CA Primary Refinance - Rate/Term C A C A A A A A Non QM Non QM No
216925181 437221439 24574798 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least xx x business days prior to closing, and appraisal was not provided at or before closing. Reviewer Comment (2022-01-21): Proof of receipt of appraisal provided in trailing documents. Exception cleared


Seller Comment (2022-01-19): Appr Proof of Delivery
 01/21/2022 1 A CA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216925181 437221439 24574799 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Appraisal Fee was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-02-07): [Redact] Received PCCD, LOE, Copy of check and delivery report for the cure provided.


Seller Comment (2022-02-04): copy of refund check


Reviewer Comment (2022-02-03): [Redact] has received corrected PCCD and LOE to borrower. However, copy of refund check and the proof of mailing /shipping lable is still missing and needs to be provided in order to cure the exception.


Seller Comment (2022-02-02): PCD


Reviewer Comment (2022-01-31): [Redact] received LE & COC dated [Redact]; however, Details of Change "Rate is Locked". No information on what change necessitated the addition of Appraisal Fee was provided. Additional information on the change is required to determine if fee can be rebaselined. Please provide a valid COC or cure documents.


Seller Comment (2022-01-28): COC for LE [Redact] & [Redact].  PCCD [Redact].  and LOE explaining cure.


Reviewer Comment (2022-01-25): "[Redact] appraisal fee not disclosed on initial LE after that added on [Redact] which is from $0 to $[Redact] file does not contain valid COC for the fee added and also received COC dated [Redact] but there is no LE or CD within the time frame so please provide COC for [Redact] and LE or CD for  [Redact] or require cure in order to clear this exception.


Seller Comment (2022-01-24): uploaded initial CD and Final CD with LOX


Reviewer Comment (2022-01-12): "[Redact] received COC dated [Redact] but actually the fees was increased on CD dated [Redact] of [Redact] and on initial LE the fees was of [Redact] .And also cure provided at closing is insufficient we required total cure of[Redact] and [Redact] was provided at closing ([Redact])so we still need total cure of [Redact] in order to clear the exception. Please provide sufficient cure or required valid COC.


Seller Comment (2022-01-12): LOX with explanation for cure
 02/07/2022 2 B CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216925181 437221439 24574800 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Appraisal provided on [redacted], prior to report date on appraisal of [redacted] Reviewer Comment (2022-02-11): Seller Acknowledges Exception.


Seller Comment (2022-02-08): Seller requests buyer review: lvl 2 condition, please waive


Reviewer Comment (2022-02-04): Received Disclosure Summary shows that appraisal provided to the borrower after the Note date [Redact]. Please provide document evidencing the Appraisal provided to borrower before closing and after appraisal report date. Exception remains.


Seller Comment (2022-02-04): Proof of appraisal delivery


Seller Comment (2022-02-03): Appraisal Waiver


Reviewer Comment (2022-01-28): The appraisal delivery document provided is for the Initial Appraisal Report dated [Redact].  Provide the appraisal delivery document for the Revised/Final Appraisal Report dated [Redact] to comply with § 1002.14(a)(1) which states "If, however, a creditor already has provided a copy of one version of an appraisal or other written valuation to an applicant, and the creditor later receives a revision of that appraisal or other written valuation, then the creditor also must provide the applicant with a copy of the revision to comply with § 1002.14(a)(1)."


Seller Comment (2022-01-26): Appr Proof
 02/11/2022 2 B CA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216925181 437221439 24701809 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-02-03): Sufficient Cure Provided At Closing
 02/03/2022 1 A CA Primary Refinance - Cash-out - Other Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
216925183 437220168 24574812 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-02): Received initial 1003.  Exception cleared.
 02/02/2022 1 A FL Primary Purchase B A A A B A A A Non QM Non QM No
216925184 437220157 24574814 Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. File missing credit supplement for mortgage payments of [redacted] payment to show no [redacted] day lates through closing transaction. Reviewer Comment (2022-01-19): Client provided mortgage statement showing next payment due xx/xx/xxno late charges to meet requirement for VOR.


Seller Comment (2022-01-14): xx/xx xxx -  Mortgage statements for 2 of the REOs are on file showing due xx/xx and no late fees paid YTD.  3rd REO has a commercial mortgage the borrower is not obligated.
 01/19/2022 1 A OK Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216925194 437221482 24574867 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. The final closing disclosure shows the cost over 1 year for non-escrow as $x,xxx.xx however the total annual HOA fee is $x,xxx.xx Reviewer Comment (2022-01-26): [Redact] received LOE.


Seller Comment (2022-01-25): LOX to borrower


Reviewer Comment (2022-01-24): We are in receipt of the PCCD dated xx/xx/xx; however, we need the Letter of Explanation to the borrower as well.


Seller Comment (2022-01-20): PCD
 01/26/2022 2 B FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
216925196 437220960 24574884 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. Reviewer Comment (2022-02-03): [Redact] received initial CDs.


Seller Comment (2022-02-01): COC CD [Redact] #2


Seller Comment (2022-02-01): COC CD [Redact] #1


Seller Comment (2022-02-01): COC CD [Redact]


Seller Comment (2022-02-01): initial CD [Redact]
 02/03/2022 1 A NJ Primary Refinance - Rate/Term No Defined Cure C B B B C A A A Non QM Non QM No
216925196 437220960 24574885 Credit Credit Miscellaneous Guideline Credit Exception: The representative FICO score exceeds the guideline minimum by at least 40 points.

The qualifying DTI on the loan is at least 10% less than the guideline maximum.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

Borrower's monthly mortgage payment has decreased by at least 20%.

Borrower has worked in the same position for more than 3 years.

Borrower has verified disposable income of at least $2500.00.

Borrower has been employed in the same industry for more than 5 years.		 Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.		 Originator,Owner

Owner

Originator,Owner

Owner

Owner

Owner

Owner		 01/06/2022 2 B NJ Primary Refinance - Rate/Term C B B B C A A A Non QM Non QM No
216925198 437221011 24574903 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. Initial Closing Disclosure not provided. Per Disclosure Summary, Initial Closing Disclosure sent to borrower [redacted] Reviewer Comment (2022-01-25): [Redact] received [Redact] CD.


Seller Comment (2022-01-24): COC CD


Seller Comment (2022-01-24): initial CD
 01/25/2022 1 A CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
216925198 437221011 24574904 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Lender listed HOA dues at [redacted] monthly, however, the appraisal list the HOA dues at [redacted] monthly, a difference of [redacted], resulting. Lender calculations reflects the higher estimate property cost over year 1 of [redacted], but should be [redacted] Reviewer Comment (2022-01-27): Received [Redact] LOE and PC-CD correcting this issue.  Exception cured.


Seller Comment (2022-01-24): • PCCD with the accurate estimated property costs
 01/27/2022 2 B CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
216925198 437221011 24574905 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Missing verification of 2 year history of self-employment. The CPA letter does not list how long the borrower's business has been open. The name of the business on the CPA letter/bank statements and the corporate documentation provided do not match. Documentation to support the business listed on the bank statements. Reviewer Comment (2022-01-26): Client provided document showing business start date of [Redact].  Also provided revised Final 1003 with correct business name that matches verification documents and bank statements.


Seller Comment (2022-01-24): • Fictitious Business Name Report confirming the business has been open since [Redact]


Seller Comment (2022-01-24): • VVOE confirming 2 years employment and with the correct business name


Seller Comment (2022-01-24): • Final 1003 with the correct business name
 01/26/2022 1 A CA Primary Purchase C B C B C B A A Non QM Non QM No
216925198 437221011 24574906 Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided Missing housing history for previous address for a complete a [redacted] months The qualifying DTI on the loan is at least xx% less than the guideline maximum.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.

The representative FICO score exceeds the guideline minimum by at least xx points.		 DTI is greater than [redacted] less than the [redacted] maximum.

Borrower has been self-employed as a xxxx xxxx since [redacted].

Residual income exceed [redacted] minimum by more than [redacted].

Borrower has been self-employed as a xxxx xxxx since [redacted].

Credit score is [redacted] points or more than requirement.		 Originator,Owner

Owner

Owner

Originator,Owner

Originator,Owner

Originator,Owner

Owner,Originator		 Reviewer Comment (2022-03-30): Post close [Redact] exception approval to allow for private party VOR for a portion of 12 months rent verification without canceled checks.


Seller Comment (2022-03-28): • Approved exception for the private party VOR


Reviewer Comment (2022-01-26): The VOR provided for xxxx is from a private party.  Per guidelines, if an applicant rents from a private landlord, the most recent 12 months' consecutive cancelled checks (front and back) along with a copy of the lease must be provided.  We have a VOR from a professional management company for the most recent nine months at the most recent residence so we only need three months cancelled checks for the prior residence as well as the lease.


Seller Comment (2022-01-24): • VOR for prior residence
 03/30/2022 2 B CA Primary Purchase C B C B C B A A Non QM Non QM No
216925200 437220999 24574919 Credit 1003 Document Error 1003 Borrower(s) is not a U.S. Citizen, and the guideline required documentation was not provided. - The representative FICO score exceeds the guideline minimum by at least xx points.

The qualifying DTI on the loan is at least xx% less than the guideline maximum.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.

Borrower has a clean housing payment history		 FICO score more than [redacted] points above minimum required

DTI more than [redacted] below max

Long term employment [redacted] years

Borrower lives rent free in [redacted]; owned Primary residence until it sold in [redacted], [redacted]. Mortgage rated [redacted] years with no lates, no derogs		 Originator,Owner

Originator,Owner

Owner

Owner

Owner

Owner

Originator,Owner

Originator		 Reviewer Comment (2022-03-21): Rec'd Exception approval in trailing docs; EAD card acceptable


Seller Comment (2022-03-17): • Exception approval for use of EAD card in lieu of Visa


Seller Comment (2022-03-17): • Borrowers EAD card
 03/21/2022 2 B WA Second Home Purchase C B C B C A A A Non QM Non QM No
216925200 437220999 24574920 Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided Reviewer Comment (2022-03-21): Rec'd EAD


Seller Comment (2022-03-17): • Exception approval for use of EAD card in lieu of Visa


Seller Comment (2022-03-17): • Borrowers EAD card
 03/21/2022 1 A WA Second Home Purchase C B C B C A A A Non QM Non QM No
216925200 437220999 24574921 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. Closing Disclosure not provided to Borrower(s) at least xx x business days prior to consummation. Reviewer Comment (2022-01-25): [Redact] received [Redact] CD received the same day issued.


Seller Comment (2022-01-24): initial CD
 01/25/2022 1 A WA Second Home Purchase No Defined Cure C B C B C A A A Non QM Non QM No
216925200 437220999 24574923 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-01-26): Client provided copy of Initial 1003.


Seller Comment (2022-01-24): initial 1003
 01/26/2022 1 A WA Second Home Purchase C B C B C A A A Non QM Non QM No
216925203 437221023 24574968 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. Closing Disclosure not provided to Borrower(s) at least xx x business days prior to consummation. [redacted] CD not provided. Reviewer Comment (2022-01-20): [Redact] received initial CDs.


Seller Comment (2022-01-18): COC CD


Seller Comment (2022-01-18): initial CD
 01/20/2022 1 A FL Second Home Purchase No Defined Cure C B C B C A A A Non QM Non QM No
216925203 437221023 24574969 Credit Guideline Guideline Issue Guideline Loan does not meet minimum income documentation requirements. - WVOE dated prior to loan application date. Reviewer Comment (2022-03-10): Income documentation requirements met; exception cleared.


Seller Comment (2022-03-07): Previous VVOE wasn't transmitting properly.   New version attached.


Reviewer Comment (2022-03-04): [Redact] search received. VVOE is blank and does not include any previous employment information and is not signed. Exception remains


Reviewer Comment (2022-03-04): No new documents received. Please forward a timely employment verification for prior employment at [Redact]


Seller Comment (2022-03-01): Re-uploaded VVOE -


Reviewer Comment (2022-02-25): The VVOE form provided is blank. Provided completed VVOE document. Exception remains.


Seller Comment (2022-02-23): • VVOE for the borrowers prior employment


Reviewer Comment (2022-02-03): Received LOE from lender explaining Broker was trying to qualify borrower so WVOE  was completed prior to Broker application date.  Issue is the WVOE for prior employment, which was required to verify complete two year employment history, was completed [Redact] which was 123 days old at time of consummation.


Seller Comment (2022-02-01): • [Redact] cert addressing the date on the WVOE


Reviewer Comment (2022-01-24): Please provide an explanation as to why a Written Verification of Employment was obtained prior to application.


Seller Comment (2022-01-18): WVOE Cert


Seller Comment (2022-01-18): • WVOE Cert confirming the WVOE in the file meets [Redact] Guideline Requirements
 03/10/2022 1 A FL Second Home Purchase C B C B C A A A Non QM Non QM No
216925203 437221023 24574970 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-01-06): Sufficient Cure Provided At Closing
 01/06/2022 1 A FL Second Home Purchase Final CD evidences Cure C B C B C A A A Non QM Non QM Yes
216925203 437221023 24574971 Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Investor Qualifying Residual income discrepancy. DTI [redacted] and [redacted] requires [redacted] residual income or [redacted] mos. additional reserves which borrower does not have. Reviewer Comment (2022-01-24): Client provided Residual Income Worksheet showing residual income of [Redact].  Corrected data which resulted in removal of exception.


Seller Comment (2022-01-18): Residual Income Worksheet


Seller Comment (2022-01-18): Payroll Calculator
 01/24/2022 1 A FL Second Home Purchase C B C B C A A A Non QM Non QM No
216925203 437221023 24574972 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-01-24): Client provided copy of Initial 1003.


Seller Comment (2022-01-18): initial 1003
 01/24/2022 1 A FL Second Home Purchase C B C B C A A A Non QM Non QM No
216925203 437221023 24574973 Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Max LTV with credit event only .[redacted]yr old is [redacted]. The representative FICO score exceeds the guideline minimum by at least xx points.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive. Originator,Owner

Owner

Owner

Owner		 Reviewer Comment (2022-01-06): Lender Exception with Comp Factors provided for regrade and waive.
 01/06/2022 2 B FL Second Home Purchase C B C B C A A A Non QM Non QM No
216925203 437221023 24574974 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Combined loan to value discrepancy. Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. Max CLTV with credit event only .[redacted]yr old is [redacted]. The representative FICO score exceeds the guideline minimum by at least xx points.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive. Originator,Owner

Owner

Owner

Owner		 Reviewer Comment (2022-01-06): Lender Exception with Comp Factors provided for regrade and waive.
 01/06/2022 2 B FL Second Home Purchase C B C B C A A A Non QM Non QM No
216925204 437220978 24574985 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Reviewer Comment (2022-02-03): Seller acknowledges exception.


Seller Comment (2022-02-01): Seller requests buyer review: Please waive this exception with no grade change
 02/03/2022 2 B CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216925204 437220978 24574986 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [redacted], prior to xx x business days from transaction date of [redacted]. 01/24/2022 1 A CA Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B C A C B A A Non QM Non QM Yes
216925204 437220978 24574987 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. 01/20/2022 1 A CA Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
216925204 437220978 24574988 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - 01/21/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216925208 437220127 24575008 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Provide all appraisals and evidence they were all sent to the borrower at least 3 days prior to closing. Reviewer Comment (2022-02-08): Aggregator elects to waive.


Seller Comment (2022-02-08): xx/xx xx -  proof of delivery of the Appraisal revisions and 1004D


Seller Comment (2022-02-08): xx/xx xxx -  proof of delivery of the Appraisal revisions and 1004D
 02/08/2022 2 B CA Primary Refinance - Cash-out - Other C B B B C B A A Non QM Non QM No
216925208 437220127 24575009 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date Unable to test RTC expiration date due to missing information. Reviewer Comment (2022-01-14): Complete RTC provided in trailing documents. Exception cleared.


Seller Comment (2022-01-13): xx/xx xxx RIGHT TO [Redact]- UPLOADED
 01/14/2022 1 A CA Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B B B C B A A Non QM Non QM Yes
216925208 437220127 24575011 Compliance Compliance Miscellaneous Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form (Doc Error) RTC Error:  Right to Cancel expiration date is blank. Reviewer Comment (2022-01-14): Complete RTC provided in trailing documents. Exception cleared.


Seller Comment (2022-01-13): xx/xx xxx RIGHT TO [Redact] - UPLOADED
 01/14/2022 1 A CA Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B B B C B A A Non QM Non QM Yes
216925208 437220127 24575012 Credit Credit Miscellaneous Guideline Credit Exception: Borrower has declining income. The representative FICO score exceeds the guideline minimum by at least xx points.

The refinance has decreased the borrower's monthly debt payments by xx% or more.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.		 Originator,Owner

Originator,Owner

Owner

Owner

Owner

Owner

Owner		 Reviewer Comment (2022-01-06): Lender Exception with Comp Factors provided for regrade and waive.
 01/06/2022 2 B CA Primary Refinance - Cash-out - Other C B B B C B A A Non QM Non QM No
216925211 437220143 24575032 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-02): Received initial 1003.  Exception cleared.


Seller Comment (2022-01-31): [Redact] [Redact] - uploaded 1003
 02/02/2022 1 A FL Primary Purchase C B C A C B A A Non QM Non QM No
216925211 437220143 24575033 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Provide all appraisals and evidence they were all sent to the borrower at least 3 days prior to closing. Reviewer Comment (2022-02-23): Seller elects to waive this exception with no grade change.


Seller Comment (2022-02-22): [Redact] [Redact] - Please waive the exception with no grade change


Seller Comment (2022-02-16): Seller requests buyer review: [Redact] [Redact] - unable to cure please  have it waived


Seller Comment (2022-02-11): [Redact] [Redact]-  [Redact] combined the Disclosure tracking page confirming delivery with the applicable appraisal package sent.


Seller Comment (2022-02-11): [Redact] [Redact]- [Redact] combined the Disclosure tracking page confirming delivery with the applicable appraisal package sent.


Reviewer Comment (2022-02-01): Multiple appraisals were uploaded again but the document identified as the appraisal delivery document (multiple uploads) is not dated.  Unable to determine when the appraisal was sent/received by borrower.  The exception remains.


Seller Comment (2022-01-31): [Redact] [Redact]  sent all appraisals and proof of delivery to borrowers (29)


Seller Comment (2022-01-31): [Redact] [Redact]  sent all appraisals and proof of delivery to borrowers  ( 30)


Seller Comment (2022-01-31): [Redact] [Redact]  sent all appraisals and proof of delivery to borrowers  (31)


Seller Comment (2022-01-31): [Redact] [Redact]  sent all appraisals and proof of delivery to borrowers  ( 32)


Seller Comment (2022-01-31): [Redact] [Redact]  sent all appraisals and proof of delivery to borrowers  ( 33 )


Seller Comment (2022-01-31): [Redact] [Redact]  sent all appraisals and proof of delivery to borrowers  ( 34 )


Seller Comment (2022-01-31): [Redact] [Redact]  sent all appraisals and proof of delivery to borrowers  ( 35 )


Seller Comment (2022-01-31): [Redact] [Redact]  sent all appraisals and proof of delivery to borrowers


Seller Comment (2022-01-31): [Redact] [Redact] Please see attached for confirmation of appraisal delivery. Appraisals showing delivered multiple times. Final appraisal, showing revisions only, was delivered on [Redact]. Please let me know if you require anything else. Thank you
 02/23/2022 2 B FL Primary Purchase C B C A C B A A Non QM Non QM No
216925211 437220143 24575034 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Provide all appraisals and evidence they were all sent to the borrower at least 3 days prior to closing. Reviewer Comment (2022-02-23): Seller elects to waive this exception with no grade change.


Seller Comment (2022-02-22): [Redact] [Redact] - Please waive the exception with no grade change


Seller Comment (2022-02-16): Seller requests buyer review: [Redact] [Redact] - unable to cure please  have it waived


Seller Comment (2022-02-11): [Redact] [Redact]- [Redact]  combined the Disclosure tracking page confirming delivery with the applicable appraisal package sent.


Seller Comment (2022-02-11): [Redact] [Redact]- [Redact] combined the Disclosure tracking page confirming delivery with the applicable appraisal package sent.


Reviewer Comment (2022-02-01): Multiple appraisals were uploaded again but the document identified as the appraisal delivery document (multiple uploads) is not dated.  Unable to determine when the appraisal was sent/received by borrower.  The exception remains.


Seller Comment (2022-01-31): [Redact] [Redact]  sent all appraisals and proof of delivery to borrowers (29)


Seller Comment (2022-01-31): [Redact] [Redact]  sent all appraisals and proof of delivery to borrowers (30)


Seller Comment (2022-01-31): [Redact] [Redact]  sent all appraisals and proof of delivery to borrowers (31)


Seller Comment (2022-01-31): [Redact] [Redact]  sent all appraisals and proof of delivery to borrowers (32)


Seller Comment (2022-01-31): [Redact] [Redact]  sent all appraisals and proof of delivery to borrowers (33)


Seller Comment (2022-01-31): [Redact] [Redact]  sent all appraisals and proof of delivery to borrowers (34)


Seller Comment (2022-01-31): [Redact] [Redact]  sent all appraisals and proof of delivery to borrowers (35)


Seller Comment (2022-01-31): [Redact] [Redact]  sent all appraisals and proof of delivery to borrowers


Seller Comment (2022-01-31): [Redact] [Redact] - Please see attached for confirmation of appraisal delivery. Appraisals showing delivered multiple times. Final appraisal, showing revisions only, was delivered on [Redact]. Please let me know if you require anything else. Thank you
 02/23/2022 2 B FL Primary Purchase C B C A C B A A Non QM Non QM No
216925211 437220143 24575035 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. The FInal CD reflects Amount of Estimated Property Costs over Year 1 of [redacted], however review reflects it should be [redacted], or [redacted]/mo. Review calculations match the Final 1003 provided. Reviewer Comment (2022-01-31): [Redact] received [Redact] CD and LOE


Seller Comment (2022-01-27): [Redact] [Redact] - Please see attached POD delivery evidence


Seller Comment (2022-01-27): [Redact] [Redact] - Please see attached PCCD  with corrected amount of estimated property cost over 1 year


Reviewer Comment (2022-01-21): Received PCCD with corrected amount of estimated property costs over year 1.  Need letter evidencing it was provided to the borrower and proof it delivered.  Exception remains.


Seller Comment (2022-01-20): [Redact][Redact] - POD UPLOADED


Seller Comment (2022-01-20): [Redact] [Redact] - PCCD UPLOADED
 01/31/2022 1 A FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
216925211 437220143 24575037 Credit Missing Document General Missing Document Missing Document: Bank Statements - Personal not provided XXXX statements required. Statements for account [redacted] missing for [redacted]. Reviewer Comment (2022-01-21): Received six months consecutive bank statements and CPA letter verifying the large deposits were from the sale of a business and confirms the amount of the large deposit into the account.  Exception is cleared.


Seller Comment (2022-01-19): [Redact] [Redact]  Source of large deposit in the amount of $[Redact] in file. Large deposit came from sale of business. CPA letter in file confirming amount deposited into each account along with LLC purchase agreement. See supporting documents attached.


Reviewer Comment (2022-01-14): Missing source of large deposit, $[Redact] on [Redact] from [Redact] Bank, that was entirety of funds for accounts ([Redact]) and then $[Redact] transferred to #[Redact].


Seller Comment (2022-01-13): [Redact] [Redact]--- [Redact]  Acct #[Redact]  [Redact]


Seller Comment (2022-01-13): [Redact] [Redact]--- [Redact]  Acct #[Redact] [Redact]


Seller Comment (2022-01-13): [Redact] [Redact]--- [Redact]  Acct #[Redact] oct Dispute: [Redact] is not needed for account #[Redact].
Underwriter provided [Redact], [Redact], [Redact], [Redact], [Redact],  and [Redact] for this account. It is a duplicate statement with account #[Redact].
 01/21/2022 1 A FL Primary Purchase C B C A C B A A Non QM Non QM No
216925211 437220143 24575038 Credit Missing Document General Missing Document Missing Document: Bank Statements - Personal not provided Statements for account [redacted] missing for [redacted] -[redacted]. Reviewer Comment (2022-01-21): Received six months consecutive bank statements and CPA letter verifying the large deposits were from the sale of a business and confirms the amount of the large deposit into the account.  Exception is cleared.


Seller Comment (2022-01-19): [Redact] [Redact]  Source of large deposit in the amount of $[Redact] in file. Large deposit came from sale of business. CPA letter in file confirming amount deposited into each account along with LLC purchase agreement. See supporting documents attached.


Reviewer Comment (2022-01-14): Missing source of large deposit, $[Redact] on [Redact] from [Redact] Bank, that was entirety of funds for accounts [Redact]) and then $[Redact] transferred to (4002).


Seller Comment (2022-01-13): [Redact] [Redact]   [Redact]   Acct # [Redact]


Seller Comment (2022-01-13): [Redact] [Redact]   [Redact]  Acct # [Redact]


Seller Comment (2022-01-13): [Redact] [Redact]    [Redact] Acct [Redact]2 Dispute: This account was opened in [Redact] therefore those statements do not exist. Borrower opened account with transfer from account [Redact] (which there are a full 6 months of statements for).
 01/21/2022 1 A FL Primary Purchase C B C A C B A A Non QM Non QM No
216925211 437220143 24686037 Credit Guideline Guideline Issue Guideline Flood Insurance was not escrowed. Reviewer Comment (2022-03-02): Received Letter from the HOA  confirming the HOA pays the flood insurance premium and not the borrower.


Seller Comment (2022-02-28): [Redact] [Redact] - Letter from the HOA as proof they pay flood insurance.


Seller Comment (2022-02-28): [Redact] [Redact] - Budgets attached and page 4 reflects flood insurance.


Reviewer Comment (2022-02-23): The Flood Declaration Page appears to be for an individual unit rather than the entire complex.  Coverage is in the amount of[Redact]with an annual premium of [Redact].  These amounts are typical for an individual policy.  The HOA budget was not uploaded as stated.  The exception remains pending documentation showing flood insurance covers the entire complex.


Seller Comment (2022-02-18): Flood insurance is paid by the HOA and does not need to be escrowed. Attached are the budget for flood insurance, Flood policy reflecting "XXXX" and a  PCCD.


Seller Comment (2022-02-18): [Redact] [Redact] - Flood insurance is paid by the HOA and does not need to be escrowed. Attached are the budget for flood insurance, Flood policy reflecting "CO Oriana of laud.. By the Sea Townhome" and a  PCCD.
 03/02/2022 1 A FL Primary Purchase C B C A C B A A Non QM Non QM No
216925217 437220129 24575072 Credit Guideline Guideline Issue Guideline Loan does not meet minimum income documentation requirements. - Loan file missing W2s and tax transcripts, as well as gap letter. Reviewer Comment (2022-01-28): Investor email from Exceptions @ [Redact] states W2 transcript is acceptable.


Seller Comment (2022-01-25): [Redact] [Redact] See Attached email -  Investor has confirmed W2 Transcript is acceptable in lieu of W2 provided by borrower.  Exception is not required.


Reviewer Comment (2022-01-21): Guidelines require last two year's W-2s. Guidelines do not mention use of transcripts in lieu of W-2s. Exception remains


Seller Comment (2022-01-19): [Redact] [Redact] - Resubmit [Redact] IRS W-2 Transcripts . [Redact] Transripts are used in lieu of the [Redact] W-2as this is the official record of the [Redact] W2 equivalent and verified by the IRS.


Reviewer Comment (2022-01-14): Loan file contains [Redact] & [Redact] W2 transcripts.  LOE for gap is not required as guidelines only require if greater than 90 days.  Still missing [Redact] W2.


Seller Comment (2022-01-13): [Redact] [Redact] [Redact] guideline  on income


Seller Comment (2022-01-13): [Redact] [Redact] IRS transcripts [Redact] & [Redact] W2


Seller Comment (2022-01-13): [Redact] [Redact] current job


Seller Comment (2022-01-13): [Redact] [Redact] See attached the W2 Transcripts that were already in the file. In regards to the Gap letter, we did not request one due to the borrower gap only being 45 days. Per the investor guideline below & attached we need gap letter if the gap is greater than 90 days. I have also attached the WVOEs to confirm the start and end dates.
 01/28/2022 1 A CA Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216925219 437220318 24575083 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. Provide all appraisals and evidence they were all sent to the borrower at least 3 days prior to closing. Reviewer Comment (2022-03-11): Appraisal received.


Reviewer Comment (2022-03-04): This may clear when the subject transaction appraisals are provided.
 03/11/2022 1 A CA Investment Refinance - Cash-out - Other D B C B B B D A N/A Exempt from ATR No
216925219 437220318 24575084 Credit Title General Title Final Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2022-03-04): Received update.


Seller Comment (2022-03-01): Please see amend reflecting the correct loan amount - The same amend was provided with the initial upload as well. Please clear Condition asap.


Reviewer Comment (2022-01-27): Provide revised title commitment or preliminary report showing coverage in the amount of at least $[Redact].


Seller Comment (2022-01-25): Final Title Policy are provide with the recorded DOT and this is a Post Purchases conditions, please waive. Thank You!
 03/04/2022 1 A CA Investment Refinance - Cash-out - Other D B C B B B D A N/A Exempt from ATR No
216925219 437220318 24575085 Credit Title General Title Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Investment Refinance - Cash-out - Other D B C B B B D A N/A Exempt from ATR No
216925219 437220318 24575086 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Appraisal is missing.; Sec ID: 1 Provide all appraisals and evidence they were all sent to the borrower at least 3 days prior to closing. Reviewer Comment (2022-03-11): Appraisal and [Redact] UCDP received.


Seller Comment (2022-03-09): Appraisal


Reviewer Comment (2022-03-04): Provide all appraisals and evidence they were sent to the borrower at least 3 days prior to close.
 03/11/2022 1 A CA Investment Refinance - Cash-out - Other D B C B B B D A N/A Exempt from ATR No
216925219 437220318 24575087 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Missing [redacted] account statement for[redacted]. Reviewer Comment (2022-03-11): [Redact] statement for acct [Redact] dated [Redact][Redact] received.


Seller Comment (2022-03-09): [Redact] bank statement
 03/11/2022 1 A CA Investment Refinance - Cash-out - Other D B C B B B D A N/A Exempt from ATR No
216925219 437220318 24575090 Credit Missing Document General Missing Document Missing Document: Bank Statements - Business not provided Missing [redacted] statement for account [redacted] Reviewer Comment (2022-03-15): Received.


Seller Comment (2022-03-11): [Redact] [Redact] bank statement was uploaded previously.  Please review the prior documentation for this condition.


Reviewer Comment (2022-03-04): Please forward the [Redact] bank statement for acct [Redact].
 03/15/2022 1 A CA Investment Refinance - Cash-out - Other D B C B B B D A N/A Exempt from ATR No
216925219 437220318 24575091 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least x days prior to closing. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Investment Refinance - Cash-out - Other D B C B B B D A N/A Exempt from ATR No
216925219 437220318 24575092 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. Provide all appraisals and evidence they were all sent to the borrower at least x days prior to closing. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Investment Refinance - Cash-out - Other D B C B B B D A N/A Exempt from ATR No
216925219 437220318 24575093 Credit Credit Miscellaneous Guideline Credit Exception: Borrower has declining income. Borrower's monthly mortgage payment has decreased by at least xx%.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive. Owner

Owner

Owner

Originator,Owner		 Reviewer Comment (2022-01-07): Lender Exception with Comp Factors provided for regrade and waive.
 01/07/2022 2 B CA Investment Refinance - Cash-out - Other D B C B B B D A N/A Exempt from ATR No
216925227 437220595 24575142 Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. Reviewer Comment (2022-01-27): The property is owned free and clear.  No VOM is needed.


Seller Comment (2022-01-25): The property is clear and free.  No VOR or VOM is needed.  Please clear exception


Reviewer Comment (2022-01-13): Per client, disregard the documents that were uploaded.


Seller Comment (2022-01-11): Please disregard upload ... Documents for incorrect borrower


Seller Comment (2022-01-11): The Verification of Rent (VOR) / Verification of Mortgage (VOM) is
required and was not found in file.
 01/27/2022 1 A NY Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
216925229 437220303 24575148 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Missing tax bills to verify tax amount. Final 1003 uses the amount of $x,xxx.xx for a monthly tax amount however preliminary title report shows tax amount at $x,xxx.xx semiannually and $xxx,xx semiannually. Reviewer Comment (2022-01-31): [Redact] received Letter of Explanation & Corrected Closing Disclosure.


Seller Comment (2022-01-27): Our  PCCD provided [Redact] is correct - Hazard yearly [Redact] - Taxes $xxx (Per Letter from underwriter -  Property was purchased less than 12 months at  time of closing, property has [Redact] Taxes an additiona[Redact] was included in the taxes calculations.. Taxes have been based on purchase price of [Redact]  x[Redact] totaling $xxx. The yearly HOA are [Redact].    ( Yearly Taxes $xxx + Yearly Hazard [Redact] + Yearly HOA [Redact] - Cost for 1 year totaling [Redact] - Please clear condition.


Reviewer Comment (2022-01-26): The annual non-escrowed costs on page 4 of the final CD do not match the loan file.  Annual non-escrowed costs, per loan file, are as follows: Hazard - [Redact], Tax - $xxx, HOA - [Redact] for a total of $xxx.  Provide PCCD and LOE that reflects the preceding amounts in 10, 11 or 12 month breakouts, or documentation of alternative amounts, or documentation of calculation used for review.


Seller Comment (2022-01-25): Borrower Letter and corrected CD


Reviewer Comment (2022-01-21): Document provided contains policy dated [Redact] effective date xx/xx/xx, premium V.


Seller Comment (2022-01-21): Everything we have is showing the premium @ [Redact]. Please see attached and clear the conditions.


Reviewer Comment (2022-01-21): The discrepancy is due to HOI. There are 2 HOI dec pages in file, xx/xx/xx indicates [Redact] premium and the most recent is xx/xx/xx indicating a premium of [Redact]. Please provide a corrected CD and LOE to cure.


Seller Comment (2022-01-18): Tax Calculation with [Redact] Taxes with [Redact]


Seller Comment (2022-01-18): At time of approval the underwriter based taxes based on[Redact], property was purchased less than 12 Months ago and also has [Redact]
purchase price of [Redact][Redact] $xxx [Redact]  - HOA [Redact] monthly [Redact]Yearly - Hazard Yearly [Redact] Monthly $xxx.  - The PCCD provided with the bundle uploaded is valid, please clear/waive the suspense.,
 01/31/2022 2 B CA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
216925231 437220340 24575152 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Reviewer Comment (2022-03-02): Cured prior to discovery.


Seller Comment (2022-02-28): The PCCD was provided with the initial bundle upload. Please see attached
 03/02/2022 2 B CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B B B C B A A Non QM Non QM Yes
216925231 437220340 24575153 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Mortgage Broker Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. No Lender tolerance cure was provided in the file. Reviewer Comment (2022-02-24): [Redact] has received valid changed circumstance for fee increase.


Seller Comment (2022-02-23): Please see attached [Redact] COC that address increase in Broker fee: from [Redact] to [Redact]
 02/24/2022 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C B A A Non QM Non QM Yes
216925231 437220340 24575155 Credit Title Document Error Title There is no dollar amount noted on the title policy. The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Primary Refinance - Cash-out - Other C B B B C B A A Non QM Non QM No
216925232 437220311 24575172 Credit Credit Miscellaneous Guideline Credit Exception: Unsourced deposit of more than [redacted]. The qualifying DTI on the loan is at least xx% less than the guideline maximum.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive. Originator,Owner

Owner

Owner

Owner

Owner		 Reviewer Comment (2022-01-07): Lender Exception with Comp Factors provided for regrade and waive.
 01/07/2022 2 B CA Investment Purchase B B B B A A A A N/A Exempt from ATR No
216925233 437220622 24575176 Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. The Borrower was not provided with list of service providers. Reviewer Comment (2022-01-25): [Redact] received Settlement Service Providers List.
 01/25/2022 1 A CA Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
216925233 437220622 24575177 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $xxx,xx exceeds tolerance of $xxx,xx.  Insufficient or no cure was provided to the borrower. A Lender Credit / Cure for $xx,xx was provided per the Final CD.  Please provide SSPL so cures and adjustments can be applied accordingly. Reviewer Comment (2022-01-25): Sitius xxxx: Sufficient cure provided at closing.


Seller Comment (2022-01-24): SPL
 01/25/2022 1 A CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216925233 437220622 24575178 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee.  Fee Amount of $xx,xx exceeds tolerance of $x,xx.  Insufficient or no cure was provided to the borrower. The Title - Endorsement Fee for $xx,xx appears on the Post Closing CD issued xx/xx/xx only.  No Lender Credit / Cure was issued for this variance. Please provide SSPL so cures and adjustments can be applied accordingly. Reviewer Comment (2022-01-25): [Redact] received Settlement Service Providers List.


Seller Comment (2022-01-24): SPL
 01/25/2022 1 A CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216925233 437220622 24575179 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Not Have Escrow -  Reason TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted]  incorrectly disclosed whether the loan will have an escrow account. The Final CD issued xx/xx/xx page 4 is marked "will not have an escrow account" - however there is no reason box checked for either "declined" or "not offered". Reviewer Comment (2022-01-25): [Redact] received PCCD and LOE; exception is cured.


Seller Comment (2022-01-24): CD borrower declined impound account
 01/25/2022 2 B CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
216925233 437220622 24588786 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $xxx,xx exceeds tolerance of $xxx,xx.  Sufficient or excess cure was provided to the borrower at Closing. xxx: Sufficient cure provided at closing. Reviewer Comment (2022-01-25): Sufficient Cure Provided At Closing
 01/25/2022 1 A CA Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
216925239 437220307 24575204 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. : Creditor did not provide List of Homeownership Counseling Organizations to borrower. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Primary Refinance - Cash-out - Other C B B B C B A A Non QM Non QM No
216925239 437220307 24575205 Compliance Compliance Federal Compliance TILA ARM Disclosure Status Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. ARM loan program disclosure not provided to the borrower Reviewer Comment (2022-01-25): Client provided copy of ARM Disclosure.


Seller Comment (2022-01-21): Early ARM Disclosure
 01/25/2022 1 A CA Primary Refinance - Cash-out - Other No Defined Cure C B B B C B A A Non QM Non QM No
216925239 437220307 24575206 Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. Reviewer Comment (2022-01-25): Client provided copy of ARM Disclosure which includes acknowledgment of receipt of the CHARM Booklet.


Seller Comment (2022-01-21): CHARM Booklet
 01/25/2022 1 A CA Primary Refinance - Cash-out - Other No Defined Cure C B B B C B A A Non QM Non QM No
216925239 437220307 24575207 Credit Credit Miscellaneous Guideline Credit Exception: Income reflects declining deposits. The representative FICO score exceeds the guideline minimum by at least xx points.

The qualifying DTI on the loan is at least xx% less than the guideline maximum.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.		 Originator,Owner

Owner

Owner

Owner

Owner

Originator,Owner		 Reviewer Comment (2022-01-10): Lender Exception with Comp Factors provided for regrade and waive.
 01/10/2022 2 B CA Primary Refinance - Cash-out - Other C B B B C B A A Non QM Non QM No
216925241 437220356 24575224 Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B GA Primary Purchase C B A A C B A A Non QM Non QM No
216925241 437220356 24575225 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-03-10): [Redact] received CD dated [Redact] and valid COC dated [Redact] was in file.


Seller Comment (2022-03-08): Initial CD X/XX


Reviewer Comment (2022-03-08): [Redact] received valid COC dated X/XX for addition of discount points, however, COC dated xx/xx shows discount points further increased to [Redact]. There is no CD disclosed within 3 business days from COC dated X/XX. Closest available CD is dated XX/XX. Please provide missing CD that was disclosed within 3 days from xx/xx or a valid COC for increased discount points on XX/XX CD or cure documents. Exception remains.


Seller Comment (2022-03-04): COC - xx/xx that accompanied initial CD disclosing increase in discount fee t[Redact]


Seller Comment (2022-03-04): COC/LE - XX/XX for disclosure o[Redact] discount fee
 03/10/2022 1 A GA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216925242 437220333 24575228 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - The Final 1003 lists "Other" payments for the borrower's investment property, however there is no documentation for the [redacted] debt associated to the property. Please provide support documentation for the debt. Reviewer Comment (2022-03-07): Client provided revised 1008 and 1003 removing additional [Redact] for "Other."  The mortgage statement shows PITIA is[Redact]


Seller Comment (2022-03-03): UW Memo and and revised 1003/1008 Re: REO PITIA
 03/07/2022 1 A FL Primary Purchase C B C A C B A A Non QM Non QM No
216925242 437220333 24575229 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Mortgage Broker Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-03-03): [Redact] received LE and COC dated [Redact].


Seller Comment (2022-03-01): COC/LE - X/XX: Disclosure of Broker Fee increase.
 03/03/2022 1 A FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216925242 437220333 24575230 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-03-02): [Redact] received COC dated [Redact].


Seller Comment (2022-03-01): COC/LE - X/XX: disclosure of increased appraisal fee.
 03/02/2022 1 A FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216925242 437220333 24575231 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least x days prior to closing. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B FL Primary Purchase C B C A C B A A Non QM Non QM No
216925244 437220276 24575238 Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. - Declaration updated as per final 1003 declaration form. Reviewer Comment (2022-03-10): Cleared. Revised document provided.


Seller Comment (2022-03-08): Revised 1003
 03/10/2022 1 A TX Investment Purchase C A C A A A A A N/A Exempt from ATR No
216925246 437221103 24575254 Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. Provide VOR and canceled checks reflecting XX months housing history. Reviewer Comment (2022-01-24): Client provided VOR.


Seller Comment (2022-01-17): Good morning. Please refer to the attached Verification of Rent form. Thank you.
 01/24/2022 1 A NJ Primary Purchase C A C A A A A A Non QM Non QM No
216925253 437220392 24575307 Credit Insurance Insurance Analysis Insurance The Hazard Insurance Policy effective date is after the Transaction Date. Hazard Insurance Policy Effective Date [redacted] Transaction Date:  [redacted].  Please provide hazard with an effective date as of [redacted] which is also the Disbursement Date. Reviewer Comment (2022-02-03): Lender provided a corrected dec page with qualified dates. This issue is cleared. See new exception.


Reviewer Comment (2022-02-03): Please provide a corrected declarations page for the H-6 coverage, while maintaining the corrected coverage dates, showing lender as loss payee ISAOA. This issue remains open. Note: Lender provided a copy of the HO-6 Dec page. Dates are corrected from [Redact] - [Redact]. However, the loss payee has changed and needs to be corrected back to show lender ISAOA.


Seller Comment (2022-02-01): hazard Effective Dates[Redact][Redact]
 02/03/2022 1 A FL Primary Purchase D B D A C B A A Non QM Non QM No
216925253 437220392 24575308 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. The appraisal was provided to the borrower on [redacted] but was not completed until [redacted] per the appraisal in file. Provide all appraisals and evidence they were all sent to the borrower at least 3 days prior to closing. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B FL Primary Purchase D B D A C B A A Non QM Non QM No
216925253 437220392 24575309 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Not Have Escrow -  Reason TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. Final Closing Disclosure provided on [redacted] disclosed that there would not be an escrow account but the reason box was not checked.  Provide updated CD with correct box checked, proof of delivery and a copy of the letter of explanation sent to the borrower disclosing the change made. Reviewer Comment (2022-02-03): Lender provided a PCCD with cover letter to the borrower. This issue is cured.


Seller Comment (2022-02-01): Please see PCCD and borrower letter
 02/03/2022 2 B FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A C B A A Non QM Non QM Yes
216925253 437220392 24575310 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Discount points of [redacted] exceeds Zero tolerance by [redacted].  File does not contain a valid COC for this fee, nor evidence of cure.  Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changed made, or VCC. Reviewer Comment (2022-02-03): [Redact] received valid COC hence no further action required


Seller Comment (2022-02-01): Redisclosed LE and COC
 02/03/2022 1 A FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D A C B A A Non QM Non QM Yes
216925253 437220392 24575312 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided The file is missing page 1 of the Security Instrument-please provide. Reviewer Comment (2022-02-03): Complete copy of document provided; exception cleared.


Seller Comment (2022-02-01): Condo Rider to MTG


Seller Comment (2022-02-01): all pages of mortgage
 02/03/2022 1 A FL Primary Purchase D B D A C B A A Non QM Non QM No
216925253 437220392 24575313 Compliance Compliance Federal Compliance Missing Disclosure Acknowledgement of Borrower Receipt of Notice of Special Flood Hazard Disclosure Missing FDPA Notification Rule: Creditor did not retain record of borrower's receipt of Notice of Special Flood Hazard Disclosure. Initial Notice of Flood Hazard was not signed by the borrower. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B FL Primary Purchase D B D A C B A A Non QM Non QM No
216925253 437220392 24575314 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Attorney's Fee (Closing Agent and Other).  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Title-Attorney's Fees (Closing and Other) of [redacted] exceeds the Zero Tolerance by [redacted]. File does not contain a valid COC for this fee, nor evidence of cure.  Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changed made, or VCC. Reviewer Comment (2022-02-14): [Redact] received PCCD, LOE and true and certified copy of settlement statement hence no further action required


Seller Comment (2022-02-10): Final Settlement Statement


Reviewer Comment (2022-02-03): [Redact] upon further review received PCCD and LOE moving the fee to sec H however PCCD is after 60 days of closing therefore we require true and certified copy of final settlement statement. Please provide final SS.


Seller Comment (2022-02-01): Please see PCCD and borrower letter. Please be advised that the attorney fee was disclosed in Section C in error for its a borrower chosen attorney fee. This is not a fee required by [Redact]. The PCCD has been revised moving the fee to section H of the CD and page 4 corrected indicating the borrower opted to not have an escrow account.
 02/14/2022 1 A FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D A C B A A Non QM Non QM Yes
216925253 437220392 24704373 Credit Hazard Insurance Document Error Hazard Insurance Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. Please provide a declarations page showing lender as payee ISAOA. This issue is open. Note: Lender provided a post close copy of the hazard insurance declarations page correcting daters of coverage. This dec page changed the loss payee from  acceptable to a different lender. Reviewer Comment (2022-03-01): Client provided insurance document with correct mortgagee clause.


Seller Comment (2022-02-25): corrected HAZARD Insurance dec page provided [Redact] Please clear.
 03/01/2022 1 A FL Primary Purchase D B D A C B A A Non QM Non QM No
216925256 437220275 24575339 Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. - Updated declaration as per final 1003 declaration form. Reviewer Comment (2022-03-11): 1003 updating Section 5:Declarations. A. to Will you occupy the property as your primary residence? from Yes to No received.


Seller Comment (2022-03-09): 1003 Declarations page
 03/11/2022 1 A TX Investment Purchase C B C A B B A A N/A Exempt from ATR No
216925256 437220275 24575341 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Reviewer Comment (2022-02-23): Client provided signed 4506-C for [Redact] and [Redact].


Seller Comment (2022-02-16): Signed 4506-C
 02/23/2022 1 A TX Investment Purchase C B C A B B A A N/A Exempt from ATR No
216925256 437220275 24575342 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least x days prior to closing. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B TX Investment Purchase C B C A B B A A N/A Exempt from ATR No
216925258 437220277 24575347 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Please provide the mortgage statement, current lease, tax, insurance and HOA information for this property. Reviewer Comment (2022-03-11): Final executed purchase CD and updated 1003 and 1008 eliminating rental income for REO property received. Borrower requalified without rental income.


Seller Comment (2022-03-09): [Redact] PITI Docs
 03/11/2022 1 A TX Investment Purchase C A C A A A A A N/A Exempt from ATR No
216925258 437220277 24575348 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Please provide the mortgage statement, current lease, tax, insurance and HOA information for this property. Reviewer Comment (2022-03-11): Final executed purchase CD and updated 1003 and 1008 eliminating rental income for REO property received. Borrower requalified without rental income.


Seller Comment (2022-03-09): [Redact] PITI Docs
 03/11/2022 1 A TX Investment Purchase C A C A A A A A N/A Exempt from ATR No
216925258 437220277 24575349 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Please provide the mortgage statement, current lease, tax, insurance and HOA information for this property. Reviewer Comment (2022-03-11): Final executed purchase CD and updated 1003 and 1008 eliminating rental income for REO property received. Borrower requalified without rental income.


Seller Comment (2022-03-09): UW memo and revised 1003/1008


Seller Comment (2022-03-09): [Redact] PITI Docs
 03/11/2022 1 A TX Investment Purchase C A C A A A A A N/A Exempt from ATR No
216925260 437220377 24575355 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least x days prior to closing. Reviewer Comment (2022-01-13): Seller acknowledges exception.
 01/13/2022 2 B CA Primary Purchase B B A A B B A A Non QM Non QM No
216925263 437221454 24575368 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing Reviewer Comment (2022-01-14): xxx received xx/xx CD received the same day issued.


Seller Comment (2022-01-12): Uploaded initial CD /xx/xx, and consummation date is /xx/xx
 01/14/2022 1 A MA Primary Refinance - Cash-out - Other No Defined Cure C B A A C B A A Non QM Non QM No
216925263 437221454 24575369 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Provide all appraisals and evidence they were all sent to the borrower at least 3 days prior to closing. Reviewer Comment (2022-01-18): Received for CDA


Reviewer Comment (2022-01-18): no waiver


Reviewer Comment (2022-01-18): waiver received


Seller Comment (2022-01-14): Seller requests buyer review: Unable to provide


Reviewer Comment (2022-01-13): Appraisal delivery document that was uploaded is for the Initial Appraisal Report dated xx/xx/xx provide the appraisal delivery document for the Revised/Final Appraisal Report dated xx/xx/xxmply with § 1002.14(a)(1) which states "If, however, a creditor already has provided a copy of one version of an appraisal or other written valuation to an applicant, and the creditor later receives a revision of that appraisal or other written valuation, then the creditor also must provide the applicant with a copy of the revision to comply with § 1002.14(a)(1)."


Seller Comment (2022-01-12): Uploaded original and revised appraisal and proof of delivery.
 01/18/2022 1 A MA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216925263 437221454 24575370 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Reviewer Comment (2022-02-04): Seller acknowledges exception.


Seller Comment (2022-01-24): Seller requests buyer review: xxx is unable to clear.
 02/04/2022 2 B MA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216925266 437221376 24575383 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Borrower provided 2 months bank statement to verify the receipt of the pension income, but 3 months bank statement are required, please provide the most recent one-month bank statement Reviewer Comment (2022-01-26): Client provided [Redact] bank statement for account [Redact] for the period ending [Redact].  Pension income documented with three months' bank statements.


Seller Comment (2022-01-21): Uploaded 3rd [Redact] bank statement.
 01/26/2022 1 A CA Primary Refinance - Cash-out - Other C B C A B B A A Non QM Non QM No
216925266 437221376 24575384 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least x days prior to closing. Reviewer Comment (2022-03-03): Seller elects to waive this exception with no grade change.


Seller Comment (2022-02-28): Please clear level 2 condition unable to cure.


Reviewer Comment (2022-01-27): The Consumer Financial Protection Bureau § 1002.14(a)(1).


Seller Comment (2022-01-27): Please advise, [Redact] is not required to provide proof the borrower acknowledged the appraisal, only proof  the appraisal was sent to the borrower. [Redact] provided the appraisal on [Redact].  Please provide guides and or compliance rules, stating we must provide acknowledgement from the borrower they received their appraisal within 3 days of the note.


Seller Comment (2022-01-21): Seller requests buyer review: [Redact] is unable to clear.


Reviewer Comment (2022-01-19): We are in receipt of the appraisal delivery document dated [Redact]; however, in the absence of the borrower's acknowledgment of receipt, the appraisal received date defaults to [Redact] which is less than three business days prior to consummation.  The exception  remains.


Seller Comment (2022-01-14): Appraisal delivery
 03/03/2022 2 B CA Primary Refinance - Cash-out - Other C B C A B B A A Non QM Non QM No
216925274 437220201 24594503 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-04): Received Initial 1003 document, verified and associated the same.
Exception cleared.


Seller Comment (2022-02-02): [Redact] - [Redact] - URLA for review
 02/04/2022 1 A CO Primary Purchase C A A A C A A A Non QM Non QM No
216925274 437220201 24596124 Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted]  is less than amount of binding Lender Credit previously disclosed in the amount of [redacted]. Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted]. Reviewer Comment (2022-02-04): [Redact] received changed circumstance with additional information


Seller Comment (2022-02-03): [Redact] [Redact] -  Attached is the initial CD with the COC reducing lenders credit.
 02/04/2022 1 A CO Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
216925274 437220201 24599942 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within xx (x) business days of application. Reviewer Comment (2022-02-11): [Redact] received initial 1003, exception cleared.


Seller Comment (2022-02-09): [Redact] [Redact] -  Affiliated Business Arrangement Disclosure for review
 02/11/2022 1 A CO Primary Purchase C A A A C A A A Non QM Non QM No
216925274 437220201 24599943 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within xx x business days of application. Reviewer Comment (2022-02-11): [Redact] received initial 1003, exception cleared.


Seller Comment (2022-02-10): [Redact] [Redact] -  Ø See attached:  Initial LE
 02/11/2022 1 A CO Primary Purchase C A A A C A A A Non QM Non QM No
216925274 437220201 24599952 Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Timing ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. The Borrower was not provided the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. Reviewer Comment (2022-02-11): [Redact] received initial 1003, exception cleared.


Seller Comment (2022-02-10): [Redact] - Appraisal Waiver Receipt Form for review
 02/11/2022 1 A CO Primary Purchase C A A A C A A A Non QM Non QM Yes
216925274 437220201 24599953 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations not provided to applicant within xx (x) business days of application. The Borrower was not provided List of Homeownership Counseling Organizations not provided to applicant within xx (x) business days of application. Reviewer Comment (2022-02-11): [Redact] received initial 1003, exception cleared.


Seller Comment (2022-02-09): [Redact] [Redact]  -  List of Homeownership Counseling Organizations for review
 02/11/2022 1 A CO Primary Purchase C A A A C A A A Non QM Non QM No
216925276 437220969 24604407 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-11): Received initial 1003. Exception cleared.


Seller Comment (2022-02-08): Initial 1003
 02/11/2022 1 A NY Primary Purchase C A A A C A A A Non QM Non QM No
216925276 437220969 24607238 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within xx x business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. The Loan Estimate issued [redacted] reflects electronic delivery on page 3 acknowledged on [redacted] and corroborated with the Disclosure Tracking Summary.  Electronic Delivery Consent was not documented as given until [redacted] as evidenced by the Disclosure Tracking Summary and the internal Borrower Consent Information screen capture provided in file. Reviewer Comment (2022-02-15): [Redact] Received Earliest E-Consent.


Seller Comment (2022-02-14): • Borrowers Docusign and E-Consent Cert
 02/15/2022 1 A NY Primary Purchase C A A A C A A A Non QM Non QM No
216925277 437221516 24594851 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. As per the Loan summary screen the property cost over 1 year is [redacted] and it does match with the closing disclosure of [redacted]  The variance is derived from the monthly property tax amount used by the lender [redacted] vs the monthly property tax amount documented - [redacted] x [redacted]= [redacted] Reviewer Comment (2022-02-10): [Redact] received PCCD and LOE; exception is cured.


Seller Comment (2022-02-08): Uploaded PCCD
 02/10/2022 2 B CA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
216925278 437220337 24575412 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted] or [redacted].  Insufficient or no cure was provided to the borrower. . Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-02-11): Upon further review consumer within 10% tolerance requirements.


Seller Comment (2022-02-08): Please see BorrowerLetter.PCCD.RefundCK


Reviewer Comment (2022-01-18): [Redact] - Title Fees were disclosed in section B on final CD & PCCD & provider is listed on SSPL, hence fees are subject to 10% Tolerance. Below is the breakdown of 10% fees disclosed & exceeded on LE & PC[Redact] Tolerance threshold as per LE: Recording Fees [Redact] + 10% = [Redact].[Redact] Fees on PCCD dated X/XX - Title Settlement/Escrow Fee [Redact] + Title-LTI [Redact] + Title Notary Fee [Redact] + Recording Fees [Redact] + Title Recording Service Fee [Redact] = [Redact]. Cure due to borrower is [Redact]-[Redact] =[Redact]. Also, 0% tolerance exceeded for credit report fee on X/XX CD without a valid COC. Please provide a valid COC for increase in credit report fee or an additional cure for [Redact] is required. Total cure would be [Redact] (10% fees) +[Redact] (credit report fee) = [Redact]. Cure documents consist of PCCD, LOE, copy of refund check & proof of mailing. Exception will be cured, once resolution/cure received on other 0% exceptions as well.


Seller Comment (2022-01-14): The appraisal fee was disclose on the LE at [Redact] - CD reflects a lower fee of [Redact], please waive
 02/11/2022 1 A CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C A A A Non QM Non QM Yes
216925278 437220337 24575413 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Credit Report Fee was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-02-11): Upon further review consumer within 0% tolerance requirements.


Seller Comment (2022-02-08): borrower Letter.PCCD.copy of check for cure uploaded
 02/11/2022 1 A CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C A A A Non QM Non QM Yes
216925278 437220337 24575415 Credit Credit Miscellaneous Guideline Credit Exception: REIT not allowed to be used for loan qualification. The representative FICO score exceeds the guideline minimum by at least xx points.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrower has verified disposable income of at least $xxxx.xx.		 Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.		 Originator,Owner

Originator,Owner

Owner		 Reviewer Comment (2022-01-12): Lender Exception with Comp Factors provided for regrade and waive.
 01/12/2022 2 B CA Primary Refinance - Rate/Term C B B B C A A A Non QM Non QM No
216925278 437220337 24769271 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted],  Sufficient or excess cure was provided to the borrower. cured Reviewer Comment (2022-02-11): Sufficient Cure Provided within 60 Days of Closing
 02/11/2022 1 A CA Primary Refinance - Rate/Term C B B B C A A A Non QM Non QM Yes
216925279 437220172 24575419 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least xx x business days prior to closing, and appraisal was not provided at or before closing. Provide all appraisals and evidence they were all sent to the borrower at least 3 days prior to closing. Reviewer Comment (2022-02-22): Seller elects to waive this exception with no grade change.


Seller Comment (2022-02-22): [Redact] [Redact] - Please waive the exception with no grade change


Seller Comment (2022-02-15): Seller requests buyer review: [Redact] [Redact] - unable to cure please  have it waived
 02/22/2022 2 B FL Primary Purchase C B A A C B A A Non QM Non QM No
216925279 437220172 24575420 Compliance Compliance Federal Compliance Federal Defect (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of [redacted] is in excess of the allowable maximum of  [redacted] of the Federal Total Loan Amount. Points and Fees of [redacted] on a Federal Total Loan Amount of [redacted] vs. an allowable total of [redacted] (an overage of [redacted] or [redacted]).  Non-Compliant High Cost Loan. Please provide the Undiscounted Rate and the Price for the Undiscounted Rate, to show bona fide discount points. Reviewer Comment (2022-01-26): Client provided lock/pricing sheet showing bona fide discount information.


Seller Comment (2022-01-21): [Redact] [Redact] - UDR[Redact] and bona fide
 01/26/2022 1 A FL Primary Purchase (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. C B A A C B A A Non QM Non QM Yes
216925280 437220181 24575422 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $xxx,xx exceeds tolerance of $xxx,xx.  Insufficient or no cure was provided to the borrower. Zero percent fee tolerance exceeded by $xx,xx, and a cure of $xx,xx was provided. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-01-24): [Redact] received clarification, cure provided at closing.


Seller Comment (2022-01-21): [Redact] [Redact] - Section J of the CD reflects the $xx appraisal cure.
 01/24/2022 1 A CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
216925280 437220181 24577768 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $xxx,xx exceeds tolerance of $xxx,xx.  Sufficient or excess cure was provided to the borrower at Closing. Sufficient cure provided at closing. Reviewer Comment (2022-01-24): Sufficient Cure Provided At Closing
 01/24/2022 1 A CA Primary Purchase Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
216925281 437220982 24575431 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-11): Received initial 1003. Exception cleared.


Seller Comment (2022-02-08): initial 1003
 02/11/2022 1 A CA Primary Purchase C A A A C A A A Non QM Non QM No
216925281 437220982 24575432 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. The only Closing Disclosure in the loan file is the Final CD issued [redacted]  The Disclosure Tracking Summary reflects the Initial CD was sent [redacted]  The Initial CD and all interim CDs issued are required. Reviewer Comment (2022-02-09): [Redact] received [Redact] CD.


Seller Comment (2022-02-08): initial CD
 02/09/2022 1 A CA Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
216925284 437221002 24575445 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. Initial Closing Disclosure not provided Reviewer Comment (2022-02-10): [Redact] received the initial CD, exception is cleared.


Seller Comment (2022-02-09): Initial CD
 02/10/2022 1 A NJ Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
216925284 437221002 24575446 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Provide all appraisals and evidence that they we all sent to the borrower at least x days prior to closing Reviewer Comment (2022-02-14): Received Disclosure Summary verifying receipt of appraisal.  Exception is cleared.


Seller Comment (2022-02-09): See submissions for "TIL HPML Receipt of Preliminary Appraisal" condition
 02/14/2022 1 A NJ Primary Purchase C A A A C A A A Non QM Non QM No
216925284 437221002 24575447 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Provide all appraisals and evidence that they we all sent to the borrower at least x days prior to closing Reviewer Comment (2022-02-14): Borrower signed acknowledgement of receipt of appraisal at least three days prior to closing.  Exception is cleared.


Seller Comment (2022-02-09): See submissions for "TIL HPML Receipt of Preliminary Appraisal" condition
 02/14/2022 1 A NJ Primary Purchase C A A A C A A A Non QM Non QM No
216925284 437221002 24575448 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Provide all appraisals and evidence that they we all sent to the borrower at least x days prior to closing Reviewer Comment (2022-02-14): Disclosure Tracking summary provided verifies receipt of appraisal.  Exception is cleared.


Seller Comment (2022-02-09): See submissions for "TIL HPML Receipt of Preliminary Appraisal" condition
 02/14/2022 1 A NJ Primary Purchase C A A A C A A A Non QM Non QM No
216925284 437221002 24575449 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Provide all appraisals and evidence that they we all sent to the borrower at least x days prior to closing Reviewer Comment (2022-02-14): Borrower signed acknowledgement of receipt of appraisal at least three days prior to closing.  Exception is cleared.


Seller Comment (2022-02-09): • Copy of the CDA delivered to the borrower


Seller Comment (2022-02-09): • Copy of the Appraisal delivered to the borrower


Seller Comment (2022-02-09): • Disclosure tracking confirming the appraisal and CDA were delivered to the borrower on [Redact]
 02/14/2022 1 A NJ Primary Purchase C A A A C A A A Non QM Non QM No
216925284 437221002 24575450 Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted]  is less than amount of binding Lender Credit previously disclosed in the amount of [redacted]. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-02-10): Upon further review lender credit correctly disclosed to consumer.


Seller Comment (2022-02-09): Final CD


Seller Comment (2022-02-09): COC CD


Seller Comment (2022-02-09): initial CD
 02/10/2022 1 A NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
216925284 437221002 24575451 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted] + [redacted], or [redacted].  Non-Compliant Higher Priced Mortgage Loan. Reviewer Comment (2022-02-14): Borrower signed acknowledgement of receipt of appraisal at least three days prior to closing.  Exception is cleared.


Seller Comment (2022-02-09): See submissions for "TIL HPML Receipt of Preliminary Appraisal" condition
 02/14/2022 1 A NJ Primary Purchase C A A A C A A A Non QM Non QM No
216925285 437220175 24575454 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated  [redacted]). The calculated total of payments is greater than the payments on the final CD. Reviewer Comment (2022-01-31): Exception cured at closing.


Seller Comment (2022-01-28): [Redact] - LE Redisclosure


Seller Comment (2022-01-28): [Redact] [Redact] - Appraisal Cure for $xxx is on the CD in section J.
 01/31/2022 2 B NJ Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable C B A A C B A A Non QM Non QM Yes
216925285 437220175 24575455 Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of $xx,xxx,xx  is less than amount of binding Lender Credit previously disclosed in the amount of $xx,xxx,xx. The lender credit on the LE is greater than the credit reflected on the final CD. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-01-31): [Redact] received  VCC, exception is cleared.


Seller Comment (2022-01-28): [Redact] [Redact] - pre-closing -


Seller Comment (2022-01-28): [Redact] [Redact] The difference of $xxx from the TOP was already given as a cure in section J.
 01/31/2022 1 A NJ Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216925285 437220175 24575456 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Mortgage Broker Fee.  Fee Amount of [redacted] exceeds tolerance of $x,xx.  Insufficient or no cure was provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-01-24): [Redact]: Upon further review there is no tolerance violation of fees.


Seller Comment (2022-01-20): [Redact] [Redact] - Attached is the Change of Circumstance switching the loan to Borrower paid at the time of lock

The 1 LE dated [Redact] is not locked

It is followed up by a locked LE also dated [Redact] with the Change of circumstance disclosing the broker fee
 01/24/2022 1 A NJ Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216925285 437220175 24575457 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of $xxx,xx.  Insufficient or no cure was provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-01-26): Lender Credit was provided.  Exception is cleared.


Seller Comment (2022-01-24): [Redact] [Redact] -  please clear this condition as it was already cleared on [Redact]. - thank you
 01/26/2022 1 A NJ Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216925287 437221374 24575464 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least x days prior to closing. Reviewer Comment (2022-02-24): Seller elects to waive exception with no grade change.


Seller Comment (2022-02-22): Please clear, level 2.


Reviewer Comment (2022-01-24): We are in receipt of the Initial Appraisal and delivery document associated with the Initial Appraisal.  Provide the appraisal delivery document for the Revised/Final Appraisal Report dated [Redact] to comply with § 1002.14(a)(1) which states "If, however, a creditor already has provided a copy of one version of an appraisal or other written valuation to an applicant, and the creditor later receives a revision of that appraisal or other written valuation, then the creditor also must provide the applicant with a copy of the revision to comply with § 1002.14(a)(1)."


Seller Comment (2022-01-18): Initial appraisal and proof both appraisal was delivered to borrower.
 02/24/2022 2 B OR Primary Purchase C B C A C B A A Non QM Non QM No
216925287 437221374 24575465 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted] + [redacted], or [redacted].  Non-Compliant Higher Priced Mortgage Loan. Waterfall grading Reviewer Comment (2022-04-04): Borrower appraisal receipt acknowledgment received.


Seller Comment (2022-03-31): Proof of appraisal delivery/receipt by borrower uploaded
 04/04/2022 1 A OR Primary Purchase C B C A C B A A Non QM Non QM No
216925287 437221374 24575466 Compliance Compliance Federal Compliance Federal HPML TIL Higher Priced Mortgage Loan Safe Harbor Test TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. Waterfall Reviewer Comment (2022-01-24): Corrected answer in Compliance Tab - appraisal does show valuation method.


Seller Comment (2022-01-18): Initial appraisal and proof both appraisal was delivered to borrower.
 01/24/2022 1 A OR Primary Purchase C B C A C B A A Non QM Non QM No
216925287 437221374 24575467 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least x days prior to closing. Reviewer Comment (2022-04-04): Borrower appraisal receipt acknowledgment received.


Seller Comment (2022-03-31): Proof of appraisal delivery/receipt by borrower


Reviewer Comment (2022-01-24): We are in receipt of the Initial Appraisal and delivery document associated with the Initial Appraisal.  Provide the appraisal delivery document for the Revised/Final Appraisal Report dated [Redact] to comply with § 1002.14(a)(1) which states "If, however, a creditor already has provided a copy of one version of an appraisal or other written valuation to an applicant, and the creditor later receives a revision of that appraisal or other written valuation, then the creditor also must provide the applicant with a copy of the revision to comply with § 1002.14(a)(1)."


Seller Comment (2022-01-18): Initial appraisal and proof both appraisal was delivered to borrower.
 04/04/2022 1 A OR Primary Purchase C B C A C B A A Non QM Non QM No
216925287 437221374 24575468 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within xx x business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. Reviewer Comment (2022-01-19): [Redact] received document stating it was e-consented on [Redact] which is within time frame.


Seller Comment (2022-01-18): Uploaded borrower eConsent [Redact]
 01/19/2022 1 A OR Primary Purchase C B C A C B A A Non QM Non QM No
216925287 437221374 24575470 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted]  Insufficient or no cure was provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-01-24): [Redact] - Attestation received.


Seller Comment (2022-01-21): Uploaded attestation


Reviewer Comment (2022-01-19): [Redact] upon further review as fees are combined on final CD we require attestation for the same. Please provide LOE/ attestation to specify that the appraisal fee and appraisal trip charge has been altogether disclosed on final CD as [Redact].


Seller Comment (2022-01-18): Initial CD, appraisal fee of [Redact] was disclosed on initial CD [Redact] appraisal fee and [Redact] travel/trip appraisal charge/fee. Appraisal fees were lumped on final CD. Also uploaded initials CDs and COCs prior to loan docs.


Seller Comment (2022-01-18): Initial CD, appraisal fee of [Redact]was disclosed on initial CD [Redact] appraisal fee and [Redact] travel/trip appraisal charge/fee. Appraisal fees were lumped on final CD. Also uploaded initials CDs and COCs prior to loan docs.


Seller Comment (2022-01-18): Initial CD, appraisal fee of [Redact] was disclosed on initial CD V appraisal fee and [Redact] travel/trip appraisal charge/fee. Appraisal fees were lumped on final CD. Also uploaded initials CDs and COCs prior to loan docs.
 01/24/2022 1 A OR Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216925287 437221374 24575471 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Abstract / Title Search.  Fee Amount of [redacted] exceeds tolerance of [redacted]  Insufficient or no cure was provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-01-19): [Redact] upon further review as we have received the clarification for the fee no further action required


Seller Comment (2022-01-18): Initial LE disclosed as Municipal Lien Search as [Redact], Initial CD dated [Redact]disclosed [Redact], along with initial final CD dated [Redact] prior to docs. Fee name was shorten to Title search on final CD.


Seller Comment (2022-01-18): Initial LE disclosed as Municipal Lien Search as [Redact], Initial CD dated [Redact] disclosed [Redact], along with initial final CD dated[Redact] prior to docs. Fee name was shorten to Title search on final CD.


Seller Comment (2022-01-18): Initial LE disclosed as Municipal Lien Search as [Redact], Initial CD dated [Redact] disclosed [Redact] along with initial final CD dated [Redact] prior to docs. Fee name was shorten to Title search on final CD.
 01/19/2022 1 A OR Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216925287 437221374 24575473 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Reviewer Comment (2022-01-24): REO documents provided in trailing documents. Exception cleared


Seller Comment (2022-01-20): Uploaded HOI and Tax cert for [Redact]
 01/24/2022 1 A OR Primary Purchase C B C A C B A A Non QM Non QM No
216925287 437221374 24575474 Credit Missing Document General Missing Document Missing Document: Bank Statements - Personal not provided Loan file missing  [redacted] statement for account [redacted]. Reviewer Comment (2022-02-04): Client provided Portfolio Snapshot Summary for [Redact] - [Redact].


Seller Comment (2022-02-01): Uploaded [Redact] statement.  [Redact] UW comments: [Redact] does not exist anymore so there is no way to get the original [Redact] statement


Reviewer Comment (2022-01-24): Per guidelines, six months statements are required.  The [Redact] [Redact] is required.  The exception remains.


Seller Comment (2022-01-20): Uploaded LOE from the borrower unable to obtain [Redact] statement.
 02/04/2022 1 A OR Primary Purchase C B C A C B A A Non QM Non QM No
216925287 437221374 24575475 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-01-19): [Redact] received valid COC hence no further action required.


Seller Comment (2022-01-18): Uploaded initial CD  and COC dated [Redact], prior to doc showing increase in points
 01/19/2022 1 A OR Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216925292 437221521 24575501 Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Timing ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date.  [redacted] LE missing from the loan file. Reviewer Comment (2022-01-20): [Redact] received the initial LE, exception is cleared.


Seller Comment (2022-01-19): LE DATED [Redact]


Reviewer Comment (2022-01-19): [Redact] received Disclosure tracking and proof of [Redact] initial CD sent and copy of appraisal delivery timing waiver dated [Redact].  However, this exception is regarding the Initial appraisal disclosure requirements given within 3 business days of application, which is [Redact].  Loan file only reflects an LE dated [Redact].  The disclosure summary reflects an Initial LE sent on [Redact] which is not in file.  Provide any missing disclosure for correct timing testing.


Seller Comment (2022-01-14): Uploaded appraisal waiver


Seller Comment (2022-01-14): Uploaded appraisal delivery
 01/20/2022 1 A CA Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM Yes
216925292 437221521 24575502 Compliance Compliance Federal Compliance TRID Defect TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within xx x business days of application. The loan estimate was not signed by the borrower. [redacted] LE missing from the loan file. Reviewer Comment (2022-01-20): [Redact] received the initial LE, exception is cleared.


Seller Comment (2022-01-19): Uploaded initial LE dated [Redact] and COC and LE dated [Redact].
 01/20/2022 1 A CA Primary Refinance - Cash-out - Other No Defined Cure C A C A C A A A Non QM Non QM No
216925292 437221521 24575503 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Lender used a qualifying payment of [redacted], however it should have been [redacted], Increased payment results in a higher DTI than what borrower was approved at. Reviewer Comment (2022-03-04): Client provided revised 1008 showing correct DTI.


Seller Comment (2022-03-02): Please see 1008 with revised DTI and UW Comments. Loan is still within [Redact] guides and should qualify under the current tier. Residual income calc provided on 1008.
 03/04/2022 1 A CA Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
216925292 437221521 24575504 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Waterfall Reviewer Comment (2022-03-22): Residual income meets


Reviewer Comment (2022-03-04): Calculated investor qualifying disposable income of [Redact] is less than AUS required disposable income of [Redact].
 03/22/2022 1 A CA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
216925292 437221521 24575505 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. Waterfall Reviewer Comment (2022-03-22): Residual income meets


Reviewer Comment (2022-03-04): Calculated investor qualifying disposable income of[Redact]is less than AUS required disposable income of [Redact].
 03/22/2022 1 A CA Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
216925292 437221521 24575506 Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted] significantly exceeds the guideline maximum of [redacted] (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) Lender used a qualifying payment of [redacted], however it should have been [redacted]. Increased payment results in a higher DTI than what borrower was approved at. Reviewer Comment (2022-03-04): Client provided revised 1008 showing correct DTI.
 03/04/2022 1 A CA Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
216925292 437221521 24575507 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Sufficient cure provided at closing. Reviewer Comment (2022-03-04): [Redact] received COC dated [Redact] for increase in fee.


Seller Comment (2022-03-02): Uploaded LE and COC for appraisal increase.
 03/04/2022 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
216925297 437221105 24575542 Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Appraisal is required to be in name of Lender - Please provide all documentation required for transfer. Reviewer Comment (2022-01-18): Seller elects to waive this exception.


Seller Comment (2022-01-18): Grade 2 - please waive


Seller Comment (2022-01-13): Seller requests buyer review: Grade 2
 01/18/2022 2 B UT Primary Refinance - Cash-out - Other C B C B C B B B Non QM Non QM No
216925297 437221105 24575543 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Appraisal shows HOA dues as zero (0) however closing disclosure uses $xxx,xx annually. Missing HOA docs in file. Reviewer Comment (2022-01-25): [Redact] received Corrected CD and Lox.


Seller Comment (2022-01-24): PCCD, lox


Reviewer Comment (2022-01-24): The email from the HOA dated xx/xx/xx states [Redact] HOA fees are due quarterly in the amount of $xxxThe PCCD and Letter of Explanation to the borrower show the quarterly fee in the amount of $xxxProvide PCCD and LOX to borrower with the correct quarterly HOA fee of [Redact] as shown on the email from the HOA.


Seller Comment (2022-01-20): See the corrected PCCD and LOX showing the HOA fees at $xxx per quarter.


Reviewer Comment (2022-01-20): [Redact] received correspondence indicating HOA dues are [Redact]/qtr however the non escrowed costs on page 4 indicate [Redact]. Please provide documentation supporting amount or please provide a corrected CD and LOE to cure.


Seller Comment (2022-01-18): PCCD, LOX,


Seller Comment (2022-01-18): HOA email stating PUD fee is $xxx per quarter


Reviewer Comment (2022-01-18): [Redact] received documentation supporting HOA dues of [Redact]/mo or [Redact]/yr however page 4 only indicates $xxx. Please note the amount cannot exceed 12 months. Please provide a corrected CD and LOE to cure.


Seller Comment (2022-01-13): PCCD, lox
 01/25/2022 2 B UT Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B B B Non QM Non QM Yes
216925297 437221105 24575544 Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $xxx,xx exceeds tolerance of $xx,xx plus [redacted] or $xx,xx.  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-01-04): Sufficient Cure Provided At Closing
 01/04/2022 1 A UT Primary Refinance - Cash-out - Other Final CD evidences Cure C B C B C B B B Non QM Non QM Yes
216925297 437221105 24575545 Compliance Compliance Federal Compliance TRID Defect TRID Closing Disclosure Issue Date Not Provided TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on [redacted] did not disclose the actual Date Issued. Compliance testing may be unreliable using an estimated Date Issued based on best information available. Closing Disclosure estimated to be provided on [redacted] did not disclose the actual Date Issued. Reviewer Comment (2022-01-18): Issue date is indicated on bottom of disclosure.


Seller Comment (2022-01-13): Please note the highlighted date of [Redact].  Please waive condition.
 01/18/2022 1 A UT Primary Refinance - Cash-out - Other Good Faith Redisclosure C B C B C B B B Non QM Non QM Yes
216925297 437221105 24575546 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Reviewer Comment (2022-01-26): Client provided HOA Verification document showing quarterly fees in the amount of [Redact].


Seller Comment (2022-01-24): PCCD, lox


Reviewer Comment (2022-01-24): The email from the HOA dated xx/xx/xx states [Redact] HOA fees are due quarterly in the amount of $xxxThe PCCD and Letter of Explanation to the borrower show the quarterly fee in the amount of $xxxProvide PCCD and LOX to borrower with the correct quarterly HOA fee of [Redact] as shown on the email from the HOA.


Seller Comment (2022-01-18): PCCD, LOX,


Seller Comment (2022-01-18): Email from PUD association stating dues are [Redact] per quarter.


Reviewer Comment (2022-01-14): The document provided is a printout from [Redact]showing HOA fees of [Redact] per month.  The PCCD shows Non-Escrowed Property Costs over Year 1 to be $xxx.  Provide HOA billing statement from the HOA showing the correct monthly payment amount.  Provide revised PCCD if needed based on the correct monthly HOA dues.


Seller Comment (2022-01-13): Proof of HOA Fee is [Redact]
 01/26/2022 1 A UT Primary Refinance - Cash-out - Other C B C B C B B B Non QM Non QM No
216925297 437221105 24575547 Credit Credit Miscellaneous Guideline Credit Exception: Borrower's income declined over [redacted]. The representative FICO score exceeds the guideline minimum by at least xx points.

The refinance has decreased the borrower's monthly debt payments by xx% or more.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrower's monthly mortgage payment has decreased by at least xx%.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.		 Originator,Owner

Owner

Originator,Owner

Owner

Owner

Owner

Owner		 Reviewer Comment (2022-01-12): Lender Exception with Comp Factors provided for regrade and waive.
 01/12/2022 2 B UT Primary Refinance - Cash-out - Other C B C B C B B B Non QM Non QM No
216925299 437221503 24575559 Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. - Final 1003 indicates Yes Reviewer Comment (2022-01-26): Client provided revised Final 1003 for co-borrower with 5a. answered correctly as No; property will not be occupied as primary residence.


Seller Comment (2022-01-21): 1003
 01/26/2022 1 A FL Second Home Purchase C A C A A A A A Non QM Non QM No
216925300 437221622 24575564 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. A valid COC for increased Appraisal Fee on [redacted] was not found in the file.  An updated post-close CD disclosing the tolerance cure, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changed made was not provided, or VCC. Reviewer Comment (2022-02-07): [Redact] received valid COC dated [Redact] for increase in fee.


Seller Comment (2022-02-04): COC


Reviewer Comment (2022-02-02): [Redact] agreed the below comment for the Appraisal fee increased due to turn time. However, provided corresponding COC does not mentioned about turn time. Please provide a COC with reflects the same per the below comment to verify and associated to LE dated [Redact] or Cure is required to clear this exception.


Seller Comment (2022-02-02): The change in price had to do with the xxxx selected.  Originally the [Redact] was for[Redact]xxxx at time of initial disclosures.  At time of appraisal order due to turn times, the xxxx was switched to [Redact] and they fee was [Redact]


Reviewer Comment (2022-02-01): [Redact] received the copy of message from appraiser that gives the information about invoice amount only. We need information about the increase in fee. Please provide the same or need cure documents for $10.


Seller Comment (2022-01-31): email for appraisal fee increase


Reviewer Comment (2022-01-25): [Redact] received COC dated [Redact] with the reason for additional services required for increase in appraisal fee. Further information or additional documents are required to verify the changes that impacted the appraisal fee or need cure documents.


Seller Comment (2022-01-24): COC & LE
 02/07/2022 1 A NV Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216925300 437221622 24575565 Compliance Compliance Federal Compliance Federal HPML TIL Higher Priced Mortgage Loan Safe Harbor Test TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. Waterfall Reviewer Comment (2022-02-28): Seller acknowledges exception.


Seller Comment (2022-02-24): Seller requests buyer review: lvl 2 condition, please waive


Reviewer Comment (2022-02-22): The name of the Lender on the appraisal is different that our lender. Appraisal verified license and E&O in file. Please provide AIR Cert and xxxx assignment of appraisal to the Seller.


Seller Comment (2022-02-15): Please see current compliance report
 02/28/2022 2 B NV Primary Purchase C B A A C B A A Non QM Non QM No
216925301 437220343 24575576 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B CA Primary Refinance - Rate/Term C B A A C B A A Non QM Non QM No
216925301 437220343 24575577 Compliance Compliance Federal Compliance TILA ARM Disclosure Status Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. Reviewer Comment (2022-03-25): Client provided copy of signed ARM Disclosure.


Seller Comment (2022-03-23): Initial LE


Seller Comment (2022-03-23): ARM Disclosure
 03/25/2022 1 A CA Primary Refinance - Rate/Term No Defined Cure C B A A C B A A Non QM Non QM No
216925301 437220343 24575578 Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. Reviewer Comment (2022-03-25): Client provided copy of signed ARM Disclosure which includes acknowledgement of receipt of the CHARM Booklet.


Seller Comment (2022-03-23): Initial LE


Seller Comment (2022-03-23): CHARM Booklet attached


Reviewer Comment (2022-02-22): This exception is for the missing CHARM Booklet.  A list of Counseling Agencies has been uploaded.  The exception remains.


Seller Comment (2022-02-16): Homeowners list, please regrade the suspense to a 1


Seller Comment (2022-02-16): Booklet
 03/25/2022 1 A CA Primary Refinance - Rate/Term No Defined Cure C B A A C B A A Non QM Non QM No
216925301 437220343 24575579 Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Borrower not provided with list of service providers. Reviewer Comment (2022-02-17): [Redact] Received SSPL.
 02/17/2022 1 A CA Primary Refinance - Rate/Term No Defined Cure C B A A C B A A Non QM Non QM No
216925301 437220343 24575580 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - SubEscrow Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Please provide SSPL for fees to be considered as valid.Zero Percent Fee Tolerance exceeded for Title - SubEscrow Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changed made, or VCC. Reviewer Comment (2022-02-17): [Redact] received updated SSPL. Fee is not bound by a tolerance.


Seller Comment (2022-02-16): Please see providers list. Borrowers did not use our provider..
 02/17/2022 1 A CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216925301 437220343 24575581 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Wire /Funding/ Disbursement Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Please provide SSPL for fees to be considered as valid. Zero Percent Fee Tolerance exceeded for Title - Wire /Funding/ Disbursement Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changed made, or VCC. Reviewer Comment (2022-02-17): [Redact] received updated SSPL. Fee is not bound by a tolerance.


Seller Comment (2022-02-16): Please see providers list. Borrowers did not use our provider..
 02/17/2022 1 A CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216925302 437220357 24575585 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Mortgage Broker Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted]  Insufficient or no cure was provided to the borrower. Mortgage Broker Fee was disclosed as [redacted] on LE but disclosed as [redacted] on final closing disclosure. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery and a copy of the letter of explanation sent to the borrower disclosing the changes made, or VCC. Reviewer Comment (2022-03-14): [Redact] upon further review received a valid COC dated [Redact] for Mortgage Broker fee increases.


Seller Comment (2022-03-11): Please see [Redact] COC  addressing increase in Broker Fee [Redact]
 03/14/2022 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216925302 437220357 24575588 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Provide all appraisals and evidence they were all sent to the borrower at least 3 days prior to closing. Reviewer Comment (2022-01-21): Seller acknowledges exception.
 01/21/2022 2 B CA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216925303 437221166 24575590 Credit Missing Document General Missing Document Missing Document: Bank Statements - Business not provided Please provide the [redacted] Bank Statements for [redacted] and [redacted] for Account ending in [redacted].  These statements were used to calculate the borrower's income per the underwriters income calculation worksheet, however they are missing from the file. Reviewer Comment (2022-01-18): Client provided missing statements for account [Redact].


Seller Comment (2022-01-14): See attached statements
 01/18/2022 1 A NY Primary Purchase C B C A B B A A Non QM Non QM No
216925303 437221166 24575591 Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves discrepancy. The borrower is short funds for closing and reserves, please provide additional bank statements that covers the cash to close and reserves. The Final 1003 reflects the borrower has [redacted] in account [redacted], however the [redacted] statement shows only [redacted]. Reviewer Comment (2022-03-11): Additional assets received.


Seller Comment (2022-03-09): see attached


Reviewer Comment (2022-01-27): We are in receipt of the account transaction history for [Redact].  Provide documentation for the source of funds for the large deposit of [Redact] on [Redact].


Seller Comment (2022-01-27): [Redact] account activity balance [Redact]


Seller Comment (2022-01-24): See attached


Reviewer Comment (2022-01-18): The amount required for closing is [Redact].  Total assets of [Redact] have been verified ([Redact] account [Redact] verified [Redact] in funds and EMD of[Redact].  Provide additional asset statements, dated prior to closing, to meet closing/reserve requirements.


Seller Comment (2022-01-14): See attached statements
 03/11/2022 1 A NY Primary Purchase C B C A B B A A Non QM Non QM No
216925303 437221166 24575592 Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Please provide additional bank statements for [redacted] [redacted] per the final 1003 the balance was [redacted] Missing  [redacted] & [redacted]. The borrower's personal account [redacted] reflects only [redacted] days. Need [redacted] statement. Reviewer Comment (2022-01-27): Client provided transaction history for account [Redact] showing balance of $[Redact] as of [Redact].  Exception has been set for lack of reserves because large deposit of [Redact] has been excluded pending receipt of documentation for the source of funds.


Seller Comment (2022-01-24): See attached


Reviewer Comment (2022-01-18): The amount required for closing is [Redact].  Total assets of[Redact] have been verified ([Redact] account [Redact]verified [Redact] in funds and EMD of [Redact]).  Provide additional asset statements, dated prior to closing, to meet closing/reserve requirements.


Seller Comment (2022-01-14): See attached statements
 01/27/2022 1 A NY Primary Purchase C B C A B B A A Non QM Non QM No
216925303 437221166 24575594 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Please provide the XXXX Statements for [redacted] and [redacted] for Account ending in [redacted],  These statements were used to calculate the borrower's income per the underwriters income calculation worksheet, however they are missing from the file. Reviewer Comment (2022-01-18): Client provided missing statements for account[Redact].


Seller Comment (2022-01-14): See attached statements
 01/18/2022 1 A NY Primary Purchase C B C A B B A A Non QM Non QM No
216925303 437221166 24575595 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least xx x business days prior to closing, and appraisal was not provided at or before closing. Please provide proof that a copy of the appraisal was sent to the borrower. Reviewer Comment (2022-03-11): Seller Acknowledges Exception.


Seller Comment (2022-01-14): Seller requests buyer review: Grade 2
 03/11/2022 2 B NY Primary Purchase C B C A B B A A Non QM Non QM No
216925304 437220154 24575601 Credit Insurance Insurance Analysis Insurance The Hazard Insurance Policy effective date is after the Transaction Date. Hazard Insurance Policy Effective Date ___, Transaction Date:  ___ The homeowner's insurance declarations page in the file verified an effective date of [redacted] which is after the consummation date of [redacted].  Provide a revised homeowner's insurance declaration page or policy verifying coverage in effect at or prior to consummation. Reviewer Comment (2022-01-21): PCCD and final closing statement show disbursement date as xx/xx/xxxx. Exception cleared.


Seller Comment (2022-01-19): [Redact] [Redact] -  The loan funded and disbursed on [Redact], attached is the Alta and PCCD.
 01/21/2022 1 A CA Primary Purchase C A C A A A A A Non QM Non QM No
216925304 437220154 24575603 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $xxx,xx exceeds tolerance of $xxx,xx.  Sufficient or excess cure was provided to the borrower at Closing. Lender cure of [redacted] provided at closing to accommodate the fee tolerance being exceeded. Reviewer Comment (2022-01-04): Sufficient Cure Provided At Closing
 01/04/2022 1 A CA Primary Purchase Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
216925304 437220154 24575604 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Loan file missing xxxx W2 Transcripts. Reviewer Comment (2022-01-27): Client provided W2 Transcripts for [Redact] and [Redact].


Seller Comment (2022-01-25): [Redact] [Redact]  [Redact]See attached the  correct [Redact] & [Redact] W-2  transcripts for B2 [Redact].


Reviewer Comment (2022-01-21): Missing [Redact] transcripts are for the co-borrower and are still missing from file. Exception remains. The transcript summary provided in trailing documents is for a different person


Seller Comment (2022-01-19): [Redact] [Redact] [Redact] W2 transcripts is attached to the [Redact] W2 transcript that was in the initial upload.
 01/27/2022 1 A CA Primary Purchase C A C A A A A A Non QM Non QM No
216925306 437220150 24575618 Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. Lease Agreement and/or proof of payment not provided Reviewer Comment (2022-03-28): The Lease from [Redact] reports the borrower as Occupant and not Tenant. Updated correspondence directly from Landlord confirms. Address matches current address on Credit Report.


Seller Comment (2022-03-24): [Redact] Ph - LOX - lease at current address


Seller Comment (2022-03-24): [Redact] [Redact] - Rental agreement


Seller Comment (2022-03-24): [Redact] [Redact] - Final executed 1003 confirming the borrower lived there rent free for [Redact] years.


Seller Comment (2022-03-24): [Redact] [Redact] - see attached LOX from U/W manager - " The attached documents and my written response clearly support the borrower does not have a rental history.  He lives rent free.  The Rental lease shows he is occupant only.  Emails from the property manager confirm he does not pay rent but is an occupant.  His bank statement confirms he shares and address with  [Redact] who is the responsible party on the lease.  No other documents or letters should be required."


Reviewer Comment (2022-02-07): Received statement from property management stating borrower is not on the lease, however does not state how long he has been living rent free.  Further, the lease provided was from [Redact].  Exception remains


Seller Comment (2022-02-03): [Redact] [Redact] Letter of Explanation


Seller Comment (2022-02-03): [Redact] [Redact] - [Redact]See attached: The mentioned lease and confirmation from the property management company . (Borrower was not obligated on the current lease.)


Reviewer Comment (2022-01-31): Provide Letter of Explanation from the individual who owns the property located at [Redact] stating that borrower has been living at the property rent free and for how long.


Seller Comment (2022-01-27): [Redact] [Redact] -  Borrower was not obligated on the current lease. - please see attached LLC agreement


Seller Comment (2022-01-27): [Redact] [Redact] -  Borrower was not obligated on the current lease. - please see attached LOX for rent
 03/28/2022 1 A TX Primary Purchase C B C A B B A A Non QM Non QM No
216925306 437220150 24575621 Compliance Compliance Federal Compliance Federal HPML TIL Higher Priced Mortgage Loan Safe Harbor Test TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. Reviewer Comment (2022-03-28): Seller Acknowledges Exception.


Seller Comment (2022-03-25): [Redact] [Redact] -  Please waive the exception with no grade change
 03/28/2022 2 B TX Primary Purchase C B C A B B A A Non QM Non QM No
216925306 437220150 24575622 Credit Guideline Guideline Issue Guideline Missing required income documentation . - Loan file missing 1099 transcripts for Payer with TIN number ending [redacted]. Transcript provided however it did not reflect this income source. Reviewer Comment (2022-01-31): Client provided 1099-Misc required for [Redact]


Seller Comment (2022-01-27): [Redact] [Redact] -  transcripts


Seller Comment (2022-01-27): [Redact] [Redact] -   Transcripts are on file the evidence the [Redact] Income and we have document the borrower is 100% owner
 01/31/2022 1 A TX Primary Purchase C B C A B B A A Non QM Non QM No
216925306 437220150 24575623 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___ Loan file missing 1099 transcripts for Payer with TIN number ending [redacted], Transcript provided however it did not reflect this income source. Reviewer Comment (2022-01-31): Client provided 1099-Misc required for[Redact]


Seller Comment (2022-01-27): [Redact] [Redact] -  4506 [Redact] -


Seller Comment (2022-01-27): [Redact] [Redact] -   Transcripts are on file the evidence the [Redact] Income and we have document the borrower is 100% owner
 01/31/2022 1 A TX Primary Purchase C B C A B B A A Non QM Non QM No
216925309 437221489 24575635 Credit Title General Title Final Title Policy Coverage is less than Original Loan Amount. Final Title Policy required, however it is not in imaging please provide the final title policy. Prelim Title does not reflect sufficient coverage. Reviewer Comment (2022-01-24): Client provided copy of Closing Instructions showing policy amount is to be [Redact].


Seller Comment (2022-01-18): Uploaded closing instructions.
 01/24/2022 1 A SC Primary Refinance - Rate/Term C A C A A A A A Non QM Non QM No
216925311 437221422 24575646 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Valuation was provided a copy with in 3 business days of consummation Reviewer Comment (2022-01-24): Client provided appraisal delivery document.


Seller Comment (2022-01-18): Uploaded proof appraisal delivery on /xx/xx.
 01/24/2022 1 A MO Primary Refinance - Cash-out - Debt Consolidation B A A A B A A A Non QM Non QM No
216925312 437220145 24575650 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-01-24): [Redact] received a updated CD [Redact] and corresponding COC on [Redact] for the Loan Discount Point increased due to Lock extension.


Seller Comment (2022-01-21): [Redact] [Redact] - COC for lock extension
 01/24/2022 1 A FL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
216925312 437220145 24575651 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Reviewer Comment (2022-01-31): CPA Letter verifies borrower's previous therapy practice was in existence for four years.  Borrower's combined their respective therapy practices in [Redact].


Seller Comment (2022-01-27): [Redact] [Redact] - income worksheet - Scenario was reviewed by the investor


Seller Comment (2022-01-27): [Redact] [Redact] - credit memo - Scenario was reviewed by the investor
 01/31/2022 1 A FL Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
216925312 437220145 24575652 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Reviewer Comment (2022-01-31): CPA Letter verifies borrower's previous therapy practice was in existence for four years.  Borrower's combined their respective therapy practices in [Redact].


Seller Comment (2022-01-27): [Redact] [Redact] -credit memo - Scenario was reviewed by the investor


Seller Comment (2022-01-27): [Redact] [Redact] - income worksheet - Scenario was reviewed by the investor
 01/31/2022 1 A FL Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
216925313 437220983 24575657 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-11): Initial 1003 provided in trailing documents. Exception cleared.


Seller Comment (2022-02-08): initial 1003 tracking info


Seller Comment (2022-02-08): initial 1003
 02/11/2022 1 A OH Primary Purchase C B B B C B A A Non QM Non QM No
216925313 437220983 24575660 Compliance Compliance State Compliance Misc. State Level Ohio Consumer Sales Practices Act (Closing Disclosure Not Provided Timely) xxxx Consumer Sales Practices Act:  Consumer did not receive the required Closing Disclosure at the time of closing. The Closing Disclosure was sent to the borrower [redacted] less than [redacted] days prior to the note date of [redacted] Reviewer Comment (2022-02-11): Seller Acknowledges Exception.


Seller Comment (2022-02-08): Seller requests buyer review: Please waive this exception with no grade change
 02/11/2022 2 B OH Primary Purchase C B B B C B A A Non QM Non QM No
216925313 437220983 24575661 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. [redacted] CD missing from the loan file. Reviewer Comment (2022-02-09): [Redact] received [Redact] CD.


Seller Comment (2022-02-08): • Initial CD from [Redact]
 02/09/2022 1 A OH Primary Purchase No Defined Cure C B B B C B A A Non QM Non QM No
216925313 437220983 24575663 Credit Credit Miscellaneous Guideline Credit Exception: Business assets used and borrower owns less than [redacted] of the company. The qualifying DTI on the loan is at least xx% less than the guideline maximum.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.		 Originator,Owner

Owner

Owner

Owner

Originator,Owner		 Reviewer Comment (2022-01-13): Lender Exception with Comp Factors provided for regrade and waive.
 01/13/2022 2 B OH Primary Purchase C B B B C B A A Non QM Non QM No
216925315 437221005 24575678 Compliance Compliance Federal Compliance RESPA RESPA Disclosure -  List of Homeownership Counseling Organizations Older Than 30 days When Provided to Borrower RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations was older than [redacted] days when provided to borrower. List of Homeownership Counseling Organizations was older than XXX days when provided to borrower. Reviewer Comment (2022-02-11): seller acknowledges exception


Seller Comment (2022-02-08): Seller requests buyer review: Please waive this exception with no grade change
 02/11/2022 2 B CA Primary Purchase C B A A C B A A Non QM Non QM No
216925315 437221005 24575679 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing Reviewer Comment (2022-02-09): [Redact] received [Redact] CD.


Seller Comment (2022-02-08): Note confirming the loan closed on [Redact], not [Redact]


Seller Comment (2022-02-08): • Final CD confirming the loan closed on [Redact], not [Redact]


Seller Comment (2022-02-08): • Initial CD dated 3 days prior to closing
 02/09/2022 1 A CA Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
216925315 437221005 24575681 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-11): Received initial 1003. Exception cleared.


Seller Comment (2022-02-08): initial 1003
 02/11/2022 1 A CA Primary Purchase C B A A C B A A Non QM Non QM No
216925316 437221010 24575683 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-14): Rec'd signed and dated Initial 1003; exception cleared.


Seller Comment (2022-02-09): initial 1003
 02/14/2022 1 A SC Primary Purchase C A A A C A A A Non QM Non QM No
216925316 437221010 24575686 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least xx x business days prior to closing. Loan file missing all prelim CDs. Only the Final CD was provided. Reviewer Comment (2022-02-10): [Redact] received [Redact] CD.


Seller Comment (2022-02-09): initial CD
 02/10/2022 1 A SC Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
216925317 437221434 24575694 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Please provide evidence that the borrower received a copy of each valuation at least x days prior to closing. Reviewer Comment (2022-02-22): Seller Acknowledges Exception.


Seller Comment (2022-02-22): Please clear level 2 condition.


Reviewer Comment (2022-01-27): Three page printout provided in trailing docs included copy of the email dated [Redact] confirming appraisal delivery of 80 pages was successful which would include both the initial and the updated appraisal.  [Redact] is the date DD is currently using for appraisal delivery date which is also the date of closing.  Appraisals were not provided three days prior to closing.


Seller Comment (2022-01-27): Seller requests buyer review: Unable to clear as both appraisal were provided  on [Redact], loan closed on [Redact].


Reviewer Comment (2022-01-26): Appraisal delivery document is dated [Redact] which is the same date as the Note date.  The appraisal report was not received by the borrower at least three days prior to closing.


Seller Comment (2022-01-24): Uploaded proof via print out both [Redact] and [Redact] appraisal were delivered to the borrower on [Redact].


Reviewer Comment (2022-01-21): We are in receipt of a notification of a Successful Delivery of an email dated [Redact]; however, there is no information on the email to indicate the appraisal was delivered to the borrower.  The exception stands.


Seller Comment (2022-01-18): Uploaded appraisal delivery for both [Redact] and [Redact]
 02/22/2022 2 B CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216925317 437221434 24575695 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Please provide evidence that the borrower received a copy of each valuation at least x days prior to closing. Reviewer Comment (2022-02-22): Seller Acknowledges Exception.


Seller Comment (2022-02-22): Please clear level 2 condition.


Reviewer Comment (2022-01-27): Three page printout provided in trailing docs included copy of the email dated [Redact] confirming appraisal delivery of 80 pages was successful which would include both the initial and the updated appraisal.  [Redact] is the date DD is currently using for appraisal delivery date which is also the date of closing.  Appraisals were not provided three days prior to closing.


Seller Comment (2022-01-27): Seller requests buyer review: Unable to  clear both appraisal was provided on [Redact] and consummation date is [Redact].


Reviewer Comment (2022-01-26): Appraisal delivery document is dated [Redact] which is the same date as the Note date.  The appraisal report was not received by the borrower at least three days prior to closing.


Seller Comment (2022-01-24): Uploaded proof via print out both [Redact] and [Redact] appraisal were delivered to the borrower on [Redact].


Reviewer Comment (2022-01-21): We are in receipt of a notification of a Successful Delivery of an email dated [Redact]; however, there is no information on the email to indicate the appraisal was delivered to the borrower.  The exception stands.


Seller Comment (2022-01-18): Uploaded appraisal delivery for both [Redact] and [Redact] sent at the same time.
 02/22/2022 2 B CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216925317 437221434 24575696 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Please provide evidence that the borrower received a copy of each valuation at least x days prior to closing. Reviewer Comment (2022-02-22): Seller Acknowledges Exception.


Seller Comment (2022-02-22): Please clear level 2 conditions.


Reviewer Comment (2022-01-27): Three page printout provided in trailing docs included copy of the email dated [Redact] confirming appraisal delivery of 80 pages was successful which would include both the initial and the updated appraisal.  [Redact] is the date DD is currently using for appraisal delivery date which is also the date of closing.  Appraisals were not provided three days prior to closing.


Seller Comment (2022-01-27): Seller requests buyer review: Unable to clear both appraisal was provided on [Redact]and consummation date is [Redact].


Reviewer Comment (2022-01-26): Appraisal delivery document is dated [Redact] which is the same date as the Note date.  The appraisal report was not received by the borrower at least three days prior to closing.


Seller Comment (2022-01-24): Uploaded proof via print out both [Redact] and [Redact] appraisal were delivered to the borrower on [Redact].


Reviewer Comment (2022-01-21): We are in receipt of a notification of a Successful Delivery of an email dated [Redact]; however, there is no information on the email to indicate the appraisal was delivered to the borrower.  The exception stands.


Seller Comment (2022-01-18): Uploaded appraisal delivery for initial appraisal
 02/22/2022 2 B CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216925317 437221434 24575697 Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Missing Document: Note - Subordinate Lien not provided Please provide the HELOC agreement for the subordinated loan. Reviewer Comment (2022-01-27): Received signed HELOC agreement; executed subordination agreement already in file.  Exception cleared.


Seller Comment (2022-01-27): Uploaded HELOC agreement


Reviewer Comment (2022-01-26): Awaiting HELOC agreement


Seller Comment (2022-01-24): Hi, Please dis-regard my last comment, I uploaded subordination agreement, not HELOC agreement. Sorry for my confusion. [Redact]


Seller Comment (2022-01-24): The HELOC agreement is the note. This is not a 2nd TD, it is a HELOC. Please advise. [Redact]


Reviewer Comment (2022-01-21): The HELOC agreement was not provided.  Please upload the HELOC Note.


Seller Comment (2022-01-18): Uploaded HELOC agreement signed and dated.
 01/27/2022 1 A CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216925317 437221434 24575698 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Please provide a post-closing CD with the correct amount of property costs over year 1, and evidence it was sent to the borrower. Verified insurance of [redacted], taxes of [redacted], and HOA of [redacted] = [redacted] over year one. Reviewer Comment (2022-01-31): [Redact] received Letter of Explanation & Corrected Closing Disclosure.


Seller Comment (2022-01-27): Please advise as to why this condition is not cleared. I uploaded PCCD, cover letter and proof it was sent to the borrower. Your comments are unclear.


Reviewer Comment (2022-01-21): [Redact] received Letter of Explanation & Corrected Closing Disclosure.


Seller Comment (2022-01-19): Uploaded PCCD, cover letter and  delivery.
 01/31/2022 2 B CA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
216925317 437221434 24575699 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Water due to excessive DTI. Reviewer Comment (2022-02-09): Client provided revised 1008 and 1003 to support DTI > [Redact].


Seller Comment (2022-02-04): Uploaded 1008


Reviewer Comment (2022-01-28): The DTI shown on the [Redact] Conditional Loan Approval and on the Initial 1008 is [Redact].  A Lender Approval is needed if the DTI exceeds the [Redact] guideline limit and is being increased to the [Redact] guideline limit.


Seller Comment (2022-01-25): [Redact] UW - .  UW comments: The guidelines indicate the max DTI is [Redact], no exception should be needed.
 02/09/2022 1 A CA Primary Refinance - Rate/Term Lender to provide updated ATR/QM Loan Designation C B C A C B A A Non QM Non QM Yes
216925317 437221434 24575700 Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted] moderately exceeds the guideline maximum of [redacted].  (DTI Exception is eligible to be regraded with compensating factors.) The 1008 and 1003 did not reflect the HOA dues of [redacted]/mo and showed a qualifying monthly payment of the I/O amount only, not the required - Fully amortized payment at the greater of the fully indexed or the note rate, to repay the loan over the remaining term after the I/O period. Differences result in a DTI over [redacted]. Reviewer Comment (2022-01-21): Excess DTI has been recalculated and a new exception has been set.
 01/21/2022 1 A CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216925317 437221434 24575701 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. The 1008 and 1003 did not reflect the HOA dues of [redacted]/mo and showed a qualifying monthly payment of the I/O amount only, not the required - Fully amortized payment at the greater of the fully indexed or the note rate, to repay the loan over the remaining term after the I/O period. Differences result in a DTI over [redacted]. Reviewer Comment (2022-02-09): Client provided revised 1008 and 1003 to support DTI > [Redact].


Seller Comment (2022-02-04): 1008


Reviewer Comment (2022-01-28): The DTI shown on the [Redact] Conditional Loan Approval and on the Initial 1008 is [Redact].  A Lender Approval is needed if the DTI exceeds the [Redact] guideline limit and is being increased to the [Redact] guideline limit.


Seller Comment (2022-01-25): [Redact] UW - .  UW comments: The guidelines indicate the max DTI is [Redact], no exception should be needed.
 02/09/2022 1 A CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216925317 437221434 24575702 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Final 1003 indicates there is a new lien on this property, however the documentation was not provided. Payment used based on Final 1003 amounts. If there was no refinance, monthly payment will have to change back to prior loan payment and DTI re-evaluated. Reviewer Comment (2022-01-21): Client provided CD for refinance of this property.


Seller Comment (2022-01-18): Uploaded final CD, note, payment letter, final settlement and PCCD to show REO closed prior to subject.
 01/21/2022 1 A CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216925317 437221434 24575703 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. Failing for excessive DTI. Reviewer Comment (2022-02-09): Client provided revised 1008 and 1003 to support DTI > [Redact].


Seller Comment (2022-02-04): 1008


Reviewer Comment (2022-01-28): The DTI shown on the [Redact] Conditional Loan Approval and on the Initial 1008 is [Redact].  A Lender Approval is needed if the DTI exceeds the [Redact] guideline limit and is being increased to the [Redact] guideline limit.


Seller Comment (2022-01-25): [Redact] UW - .  UW comments: The guidelines indicate the max DTI is [Redact], no exception should be needed.
 02/09/2022 1 A CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216925317 437221434 24575704 Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted] significantly exceeds the guideline maximum of [redacted] (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) DTI has been calculated at [redacted] using the PITIA for the refinance of [redacted]. Reviewer Comment (2022-02-09): Client provided revised 1008 and 1003 to support DTI > [Redact].


Seller Comment (2022-02-04): 1008


Reviewer Comment (2022-01-28): The DTI shown on the [Redact] Conditional Loan Approval and on the Initial 1008 is [Redact].  A Lender Approval is needed if the DTI exceeds the [Redact] guideline limit and is being increased to the [Redact] guideline limit.


Seller Comment (2022-01-25): [Redact] UW - .  UW comments: The guidelines indicate the max DTI is [Redact], no exception should be needed.
 02/09/2022 1 A CA Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
216925319 437221171 24575712 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. Reviewer Comment (2022-01-24): Client has provided appraisal report dated xx/xx/xx.  Property has not been damaged.


Seller Comment (2022-01-19): See the attached appraisal


Reviewer Comment (2022-01-19): This exception is firing because there was no inspection/appraisal provided.  Once the appraisal is provided, this exception will be cleared.


Seller Comment (2022-01-18): I've emailed [Redact] at xxxx to request the order.
 01/24/2022 1 A NY Primary Purchase D B D B C A D A Non QM Non QM No
216925319 437221171 24575713 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Appraisal is missing.; Sec ID: 1 Reviewer Comment (2022-01-21): Appraisal provided in trailing documents. Exception cleared.


Seller Comment (2022-01-18): Good afternoon. Please refer to the attached documentation. Thank you.
 01/21/2022 1 A NY Primary Purchase D B D B C A D A Non QM Non QM No
216925319 437221171 24575715 Credit Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal not provided Reviewer Comment (2022-01-21): Appraisal provided in trailing documents. Exception cleared.


Seller Comment (2022-01-18): Good afternoon. Please refer to the attached documentation. Thank you.
 01/21/2022 1 A NY Primary Purchase D B D B C A D A Non QM Non QM No
216925319 437221171 24575716 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Reviewer Comment (2022-01-24): Removed invalid exception and re-set valid exception for proof of delivery of the appraisal report.


Seller Comment (2022-01-14): Seller requests buyer review: Grade 2
 01/24/2022 1 A NY Primary Purchase D B D B C A D A Non QM Non QM No
216925319 437221171 24575717 Compliance Compliance Federal Compliance TILA Federal Loan Originator Compensation - Individual LO Not NMLS Licensed at Time of Application Truth in Lending Act (NMLSR Dodd- Frank 2014): Individual Loan Originator not NMLS licensed or registered at time of application. Loan Officer not licensed on the application date. Reviewer Comment (2022-01-24): Entered data for LO[Redact] as shown on the Initial 1003.


Seller Comment (2022-01-21): Good afternoon. Please review the attached. It will clear and satisfy this condition. Thank you.
 01/24/2022 1 A NY Primary Purchase D B D B C A D A Non QM Non QM No
216925319 437221171 24575718 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $xxx,xx exceeds tolerance of $x,xx.  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-01-04): Sufficient Cure Provided At Closing
 01/04/2022 1 A NY Primary Purchase Final CD evidences Cure D B D B C A D A Non QM Non QM Yes
216925319 437221171 24575719 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $xxx,xx exceeds tolerance of $x,xx.  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-01-04): Sufficient Cure Provided At Closing
 01/04/2022 1 A NY Primary Purchase Final CD evidences Cure D B D B C A D A Non QM Non QM Yes
216925319 437221171 24575720 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $xxx,xx exceeds tolerance of $xxx,xx.  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-01-04): Sufficient Cure Provided At Closing
 01/04/2022 1 A NY Primary Purchase Final CD evidences Cure D B D B C A D A Non QM Non QM Yes
216925319 437221171 24575721 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided Please provide Approval or 1008. Reviewer Comment (2022-01-19): Client provided the 1008


Seller Comment (2022-01-14): See 1008
 01/19/2022 1 A NY Primary Purchase D B D B C A D A Non QM Non QM No
216925319 437221171 24575722 Credit Credit Miscellaneous Guideline Credit Exception: The subject is a [redacted] with insufficient reserves and [redacted]. The representative FICO score exceeds the guideline minimum by at least xx points.

The qualifying DTI on the loan is at least xx% less than the guideline maximum.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.		 Originator,Owner

Owner

Originator,Owner

Owner

Owner

Owner

Owner

Owner		 Reviewer Comment (2022-01-12): Lender Exception with Comp Factors provided for regrade and waive.
 01/12/2022 2 B NY Primary Purchase D B D B C A D A Non QM Non QM No
216925319 437221171 24585885 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Provide appraisal delivery document for the appraisal dated xx/xx/xx. Reviewer Comment (2022-01-27): Client provided appraisal delivery document.


Seller Comment (2022-01-25): Good morning. Please see the attached confirmation form the borrower they they received the appraisal form xx/xx/xxxx, thank you.
 01/27/2022 1 A NY Primary Purchase D B D B C A D A Non QM Non QM No
216925321 437220444 24575740 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Title indicates the the taxes are [redacted] semi-annually, or [redacted], which was used at review. Hazard and HOA are the same on the 1008 as used at review. Please provide corrected CD with evidence it was sent to the borrower with an explanation, or corrected supporting escrow documentation. Reviewer Comment (2022-04-28): Aggregator acknowledges exception.


Reviewer Comment (2022-01-21): [Redact] received a PCCD correcting total property costs and LOE.


Seller Comment (2022-01-18): PCCD
 04/28/2022 2 B CA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure B B B B B B A A Non QM Non QM Yes
216925321 437220444 24575741 Credit Credit Miscellaneous Guideline Credit Exception: Loan file missing letter indicating the use of business funds will not have a negative impact on the business. The qualifying DTI on the loan is at least xx% less than the guideline maximum.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrower's monthly mortgage payment has decreased by at least xx%.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.		 Originator,Owner

Originator,Owner

Owner

Owner

Owner

Owner		 Reviewer Comment (2022-01-12): Lender Exception with Comp Factors provided for regrade and waive.
 01/12/2022 2 B CA Primary Refinance - Rate/Term B B B B B B A A Non QM Non QM No
216925321 437220444 24575742 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least xx x business days prior to closing, and appraisal was not provided at or before closing. Provide all appraisals and evidence they were all sent to the borrower at least 3 days prior to closing. Reviewer Comment (2022-04-21): Receipt received.


Seller Comment (2022-04-19): APp Ack [Redact]


Reviewer Comment (2022-01-19): The appraisal delivery document provided is for the Initial Appraisal Report.  Provide the appraisal delivery document for the Revised/Final Appraisal Report dated [Redact] to comply with § 1002.14(a)(1) which states "If, however, a creditor already has provided a copy of one version of an appraisal or other written valuation to an applicant, and the creditor later receives a revision of that appraisal or other written valuation, then the creditor also must provide the applicant with a copy of the revision to comply with § 1002.14(a)(1)."


Seller Comment (2022-01-14): Appraisal Ack
 04/21/2022 1 A CA Primary Refinance - Rate/Term B B B B B B A A Non QM Non QM No
216925332 437220530 24575938 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided Please provide fully executed and notarized Security Instrument along with all applicable Riders required by the SI. Reviewer Comment (2022-01-26): Client provided copy of signed Deed of Trust, 1-4 Family Rider, Condo Rider and Prepayment Rider.


Seller Comment (2022-01-24): Condo Rider


Seller Comment (2022-01-24): 1-4 Family Rider


Seller Comment (2022-01-24): DOT w/prepayment Rider
 01/26/2022 1 A CA Investment Purchase D A D A A A No
216925332 437220530 24575939 Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided Please provide the fully executed Note and all applicable addendums for the subject loan. Reviewer Comment (2022-01-26): Client provided copy of signed Note.


Seller Comment (2022-01-24): Note
 01/26/2022 1 A CA Investment Purchase D A D A A A No
216925332 437220530 24575940 Credit Missing Document General Missing Document Missing Document: HUD/CD not provided Please provide all CDs provided to the borrower including the final executed CD. Reviewer Comment (2022-01-27): Client provided Final CD.


Seller Comment (2022-01-26): CD signed at closing and PCCD


Seller Comment (2022-01-26): Initial CD


Seller Comment (2022-01-24): This is a dry state property - Homeowners insurance effective date can be before or on the date the loan disburses but not after. We are incompliance, please waive conditions.
 01/27/2022 1 A CA Investment Purchase D A D A A A No
216925332 437220530 24575941 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided Please provide photo evidence of the borrower's identity or the signed, completed Settlement Agent's verification of ID. Reviewer Comment (2022-01-26): Client provided completed USA Patriot Act Information Form.  The source document is the [Redact] Passport.


Seller Comment (2022-01-24): Patriot Act
 01/26/2022 1 A CA Investment Purchase D A D A A A No
216925332 437220530 24575942 Credit Loan Package Documentation Closing / Title Title Title: Evidence of title is missing Please provide evidence of title including the preliminary title and/or the final title policy. Reviewer Comment (2022-01-26): Client provided preliminary title report.


Seller Comment (2022-01-24): Prelim
 01/26/2022 1 A CA Investment Purchase D A D A A A No
216925332 437220530 24575943 Credit Insurance Insurance Analysis Insurance The Hazard Insurance Policy effective date is after the Note Date. Hazard Insurance Policy Effective Date ___, Note Date ___ Policy effective date is xx.xx.xxxx.  Unable to determine if policy was in effect at the time of disbursement of the loan due to missing documents. Please provide evidence that hazard policy was in effect at the time of disbursement of the loan. Reviewer Comment (2022-02-01): Documentation received.  Exception cleared. [Redact].


Seller Comment (2022-01-28): Final Settlement Statement


Reviewer Comment (2022-01-26): Provide Certified Copy of the Final Settlement Statement from the closing company that clearly shows the disbursement date.  A CD or PCCD will not clear this exception.


Seller Comment (2022-01-24): This is a dry state property - Homeowners insurance effective date can be before or on the date the loan disburses but not after. We are incompliance, please waive conditions.
 02/01/2022 1 A CA Investment Purchase D A D A A A No
216925332 437220530 24575944 Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file. Reviewer Comment (2022-01-26): Client provided preliminary title report.


Seller Comment (2022-01-24): Final Title Policy will be provided with the recorded DOT, please waive condition
 01/26/2022 1 A CA Investment Purchase D A D A A A No
216925332 437220530 24575945 Credit Fix and Flip General Fix and Flip Verification of Borrower's identity is missing. - Please provide photo evidence of the borrower's identity or the signed, completed Settlement Agent's verification of ID. Reviewer Comment (2022-01-26): Client provided completed USA Patriot Act Information Form.  The source document is the USA Passport.


Seller Comment (2022-01-24): Patriot ACT uploaded/duplicate Condition
 01/26/2022 1 A CA Investment Purchase D A D A A A No
216925334 437220518 24575952 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003 Please provide the signed final 1003. Reviewer Comment (2022-01-31): Client provided copy of signed Final 1003.


Seller Comment (2022-01-27): Final 1003 uploaded


Seller Comment (2022-01-27): Note


Seller Comment (2022-01-27): Final 1003
 01/31/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
216925334 437220518 24575953 Credit Missing Document General Missing Document Missing Document: HUD/CD not provided All CDs are missing from the file. Provide copies of all CDs provided to the borrower including the executed final CD. Reviewer Comment (2022-02-28): CD dated [Redact] for the subject property Provided. Exception cleared.


Seller Comment (2022-02-24): So Sorry - Please see Signed Closing CD for [Redact]


Reviewer Comment (2022-02-23): CDs that were uploaded are for the wrong property.  The exception remains.


Seller Comment (2022-02-18): Initial CD


Seller Comment (2022-02-18): CD signed with closing docs
 02/28/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
216925334 437220518 24575954 Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided Please provide fully executed Note and all addendums including [redacted] addendum mentioned in approval. Reviewer Comment (2022-02-01): Documents provided and reviewed.  Exception cleared.


Seller Comment (2022-01-28): Note
 02/01/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
216925334 437220518 24575955 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided Please provide fully executed and notarized Security Instrument along with all required Riders. Reviewer Comment (2022-01-31): Client provided signed copy of Deed of Trust.


Seller Comment (2022-01-27): 1-4 Family Rider


Seller Comment (2022-01-27): DEED with Prepayment rider
 01/31/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
216925334 437220518 24575956 Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file. Please provide evidence of title including Preliminary Title and/or the Final policy. Reviewer Comment (2022-01-31): Client provided Preliminary Title Report.


Seller Comment (2022-01-27): Title Policy for is Post Purchase Condition - Prelim has been uploaded
 01/31/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
216925334 437220518 24575957 Credit Loan Package Documentation Closing / Title Title Title: Evidence of title is missing Please provide evidence of title including Preliminary Title and/or the Final policy. Reviewer Comment (2022-01-31): Client provided Preliminary Title Report.


Seller Comment (2022-01-27): Prelim
 01/31/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
216925334 437220518 24575958 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide the signed Business Purpose Certificate including the [redacted]. Reviewer Comment (2022-02-01): Document provided and reviewed.  Exception cleared.


Seller Comment (2022-01-28): Business Cert
 02/01/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
216925334 437220518 24658899 Credit Missing Document General Missing Document Missing Document: Cash-Out Utilization not provided Reviewer Comment (2022-03-25): Received.


Seller Comment (2022-03-24): Business Purpose Cert uploaded and cleared on [Redact] - can you please clear this condition? Thank you
 03/25/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
216925335 437220526 24575960 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-01-19): Client provided copy of the signed Business Purpose Certificate.


Seller Comment (2022-01-14): Non-QM Borrower Affirmation Cert
 01/19/2022 1 A AZ Investment Purchase C A C A A A No
216925337 437220510 24575966 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-02-17): Documentation received.  Exception cleared. [Redact]


Seller Comment (2022-02-16): Business purpose cert.


Reviewer Comment (2022-02-16): Received occupancy cert but not the Business Purpose Cert.  Exception remains.


Seller Comment (2022-02-15): Occupancy Cert
 02/17/2022 1 A FL Investment Purchase C A C A A A No
216925340 437220475 24575982 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-02-23): Client provided copy of signed Business Purpose Certificate.


Seller Comment (2022-02-17): Business Purpose Cert.


Reviewer Comment (2022-02-17): The business purpose certificate is still required.  Exception remains.  [Redact]


Seller Comment (2022-02-16): This transaction is a rate/term refi of an existing investment property.  Please clear this condition.
 02/23/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
216925340 437220475 24575983 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-02-17): Received Fraud report. Exception cleared.


Seller Comment (2022-02-16): FraudGuard Report
 02/17/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
216925340 437220475 24575985 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Non-Owner Occupancy Declaration not provided Please forward the signed Occupancy Statement. Reviewer Comment (2022-02-16): Received Occupancy Statement signed and dated at closing.  Exception is cleared.


Seller Comment (2022-02-15): Occupancy Cert
 02/16/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
216925348 437220457 24576010 Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided Reviewer Comment (2022-02-01): Received.


Seller Comment (2022-01-31): Note and addendum uploaded


Reviewer Comment (2022-01-27): The Note was not uploaded.  The exception remains.


Seller Comment (2022-01-25): note and addendum uploaded
 02/01/2022 1 A FL Investment Purchase D A D A A A No
216925348 437220457 24576011 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided Reviewer Comment (2022-02-01): Received.


Seller Comment (2022-01-31): Note Addendum uploaded with note


Reviewer Comment (2022-01-27): The Note Addendum was not uploaded.  The exception remains.


Reviewer Comment (2022-01-27): The Note was not uploaded.  The exception remains.


Seller Comment (2022-01-25): addendum attached with note upload
 02/01/2022 1 A FL Investment Purchase D A D A A A Yes
216925348 437220457 24576013 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-01-27): Client provided copy of signed Business Purpose Certificate.


Seller Comment (2022-01-25): Business Purpose Cert
 01/27/2022 1 A FL Investment Purchase D A D A A A No
216925351 437220383 24576020 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Appraisal was dated prior to the disaster and no Post Disaster Inspection was provided in file. Reviewer Comment (2022-01-24): Lender provided a 442 value recertification that also addresses no damage from the recent FEMA disaster issue citing criteria for determination. This issue is cleared.


Seller Comment (2022-01-20): Hurricane comments added by appraise
 01/24/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216925351 437220383 24576024 Credit Guideline Guideline Issue Guideline Aged document: Primary Valuation is older than guidelines permit - Appraisal date is[redacted]  Per guidelines, the appraisal can be no older than [redacted] days at the time of closing. Appraisal was over [redacted] days old at the time of closing with no update of value provided. Reviewer Comment (2022-01-24): Lender provided a 442 re-certification of value. This issue is cleared.
 01/24/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216925351 437220383 24576025 Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Refinance purpose discrepancy. Loan refinance purpose of ___ does not match Guideline loan refinance purpose of ___. Borrower brought[redacted]to close and paid[redacted] in prepaid closing cost, which totals [redacted] paid by the borrower. Debts of [redacted]we paid off. Borrower still had to contribute[redacted]to the transaction after all debts were paid, which constitutes a Rate and Term Refinance. Reviewer Comment (2022-02-14): Received revised 1008 changing loan to rate/term refinance.  Exception cleared


Seller Comment (2022-02-09): Here is the 1008 to change the program to a rate and term


Reviewer Comment (2022-02-02): Payoff of mortgage lien was [Redact] + Closing Costs and Prepaids of [Redact] = [Redact].  Loan amount was [Redact] so borrower brought [Redact] to close + paid off tax lien of [Redact] for total funds paid by the borrower of [Redact] which also adds up to bottom line on page 1 of [Redact] + funds paid prior to closing of [Redact].  Loan is considered a Rate/Term refinance.


Seller Comment (2022-01-31): Per my UW manager please advise.  He is roviding this further detailed explanation for the cash-out status.
[Redact] the lien payoff plus closing costs total $[Redact] (per Encompass data).  With the loan amount being $[Redact] that would have given the borrower [Redact] cash in hand which exceeds out 2% or $5,000 limit thus we have called it a cash out even though the borrower had to bring in [Redact] to payoff the [Redact] State tax lien


Reviewer Comment (2022-01-24): Subject is a rate/term refinance. This issue remains open. Note: Lender's interpretation would be correct had borrower not brought funds to the table to support retirement of the additional debt with their own funds. Escrow, in essence, facilitated a borrower deposit to support the record of the debt being retired. The amount of the subject loan was not increased by the amount required to pay the additional debt.


Seller Comment (2022-01-20): **The borrower brought her own funds to closing, but this was a cash-out due to paying off judgments, in addition to the mortgage
 02/14/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
216925352 437220700 24576026 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided Please provide all required business documents for xxx. Reviewer Comment (2022-01-11): Client provided copy of signed Operating Agreement which includes the Article of Organization in paragraph 1.01.


Seller Comment (2022-01-07): Secretary of State Cert in Good Standing, Operating Agreement, Articles and by Laws, [Redact]Business Portal uploaded.


Seller Comment (2022-01-07): Articles and By Laws uploaded.
 01/11/2022 1 A NV Investment Refinance - Cash-out - Other C A C A A A No
216925352 437220700 24576027 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided Please provide all required business documents for xxx. Reviewer Comment (2022-01-13): Received operating agreement.


Seller Comment (2022-01-12): Articles of Inc uploaded
 01/13/2022 1 A NV Investment Refinance - Cash-out - Other C A C A A A No
216925352 437220700 24576028 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided Please provide all required business documents for xxx. Reviewer Comment (2022-01-11): Client provided copy of signed Operating Agreement.


Reviewer Comment (2022-01-07): The Guaranty Agreement has been uploaded again.  Provide Operating Agreement for [Redact].


Seller Comment (2022-01-06): [Redact]. Agreement uploaded.
 01/11/2022 1 A NV Investment Refinance - Cash-out - Other C A C A A A No
216925352 437220700 24576030 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided Please provide all required business documents for xxx including Good Standing from the xxx Secretary of State dated within[redacted]days of closing. Reviewer Comment (2022-01-13): Client provided the Certificate of Existence with Status in Good Standing.


Seller Comment (2022-01-12): Secretary of State Cert of Existence with Good Status in Good Standing uploaded.
 01/13/2022 1 A NV Investment Refinance - Cash-out - Other C A C A A A No
216925352 437220700 24576031 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided Please provide all required business documents for xxx. Reviewer Comment (2022-01-20): Received


Seller Comment (2022-01-19): Copy of signed W-9 with the company EIN uploaded. Please clear this exception.


Reviewer Comment (2022-01-13): The documents uploaded were the Acceptance of Appointment by Registered Agent and a Corporate Entity Search, neither of which show the Employer Identification Number.  Provide a copy of the Employer Identification Number assignment letter from the IRS.


Seller Comment (2022-01-12): Employer Entity information form uploaded.
 01/20/2022 1 A NV Investment Refinance - Cash-out - Other C A C A A A No
216925362 437220551 24576046 Credit Credit Miscellaneous Guideline Credit Exception: Please provide corrected Final CD showing the accurate Disbursement date. Signed CD shows [redacted], however the transaction date is[redacted]. Reviewer Comment (2022-01-28): Client provided Certified Copy of Final Settlement Statement showing disbursement date of xx/xx/xx.


Seller Comment (2022-01-25): PCCD reflecting xx/xx/xx disbursement date provided.
 01/28/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216925364 437221169 24576050 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided Please provided the Approval with loan terms and/or the 1008. Reviewer Comment (2022-01-10): Client provided 1008.


Seller Comment (2022-01-07): see attached 1008, thank you!
 01/10/2022 1 A NY Investment Purchase C A C A A A No
216925368 437221119 24576059 Credit Missing Document General Missing Document ACH was missing from file. Please provided the ACH documentation (XXXX). Reviewer Comment (2022-01-28): Client provided copy of signed ACH Authorization.


Seller Comment (2022-01-26): ACH


Reviewer Comment (2022-01-19): The document provided is a Direct Deposit Set-Up Form; not ACH documentation showing payment deducted from account to make monthly payment.  The exception remains.


Seller Comment (2022-01-14): see attached ach


Reviewer Comment (2022-01-14): The Underwriting Conditional Approval - Prior to Funding Conditions state "Any loan made to a  [Redact] must have an ACH agreement signed at the closing table.  The ACH must be set to draw for a US bank account. . ."  The exception remains.
 01/28/2022 1 A FL Investment Purchase C A C A A A No
216925379 437220290 24576085 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-03-10): Received signed copy of Business Purpose Certificate, verified and associated the document, hence exception cleared.


Seller Comment (2022-03-08): Non QM
 03/10/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216925379 437220290 24576087 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Non-Owner Occupancy Declaration not provided Reviewer Comment (2022-03-10): Rec'd Occupancy Certification in trailing docs.


Seller Comment (2022-03-08): Occupancy Cert
 03/10/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216925397 437220368 24576127 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-03-10): Received Business Purpose Certificate, Exception Cleared


Seller Comment (2022-03-08): Non-QM Borrower Cert attached
 03/10/2022 1 A FL Investment Purchase C A C A A A No
216925397 437220368 24576129 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Non-Owner Occupancy Declaration not provided Reviewer Comment (2022-03-10): Rec'd Occupancy Certificate in trailing docs.


Seller Comment (2022-03-08): OCC Cert attached
 03/10/2022 1 A FL Investment Purchase C A C A A A No
216925404 437221009 24576149 Property Valuation Valuation Issue Valuation The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal The CDA effective date isxx/xx/xx and the appraisal effective date is xx/xx/xx. The CDA shows the same appraiser for the appraisal reviewed as the appraisal in file.  If the CDA was done from an earlier appraisal, provide a copy of that appraisal and when it was furnished to the borrower. Effective date of the CDA is prior to the application date on the initial application. Please provide the appraisal report with the effective date o[redacted] Reviewer Comment (2022-01-31): Client provided CDA from Clear Capital with the correct effective date of xx/xx/xx.


Seller Comment (2022-01-27): • CDA for the appraisal that was used for qualifying from xx/xx/xx
 01/31/2022 1 A VA Investment Purchase C A A A C A No
216925413 437220369 24576172 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-03-10): Received Business Purpose Certificate dated and signed by the borrower and document associated. Exception cleared.


Seller Comment (2022-03-08): non QM Cert
 03/10/2022 1 A NY Investment Purchase C A C A A A No
216925413 437220369 24576173 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Non-Owner Occupancy Declaration not provided Please provide the signed Non-Owner Occupancy Declaration. Reviewer Comment (2022-03-11): Received.


Seller Comment (2022-03-08): Occupancy Cert
 03/11/2022 1 A NY Investment Purchase C A C A A A No
216925414 437220339 24576174 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-03-10): Received and associated  Business Purpose Certificate. Exception cleared.


Seller Comment (2022-03-08): Non-QM Borrower Cert
 03/10/2022 1 A CA Investment Purchase C A C A A A N/A No
216925414 437220339 24576176 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Non-Owner Occupancy Declaration not provided The Non Owner Occupancy documentation was not provided. Please provide the signed document. Reviewer Comment (2022-03-10): Cleared.


Seller Comment (2022-03-08): OCC Cert attached
 03/10/2022 1 A CA Investment Purchase C A C A A A N/A No
216925415 437220351 24576177 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-03-10): Received Business Purpose Certificate. Exception cleared.


Reviewer Comment (2022-03-09): Document yet to be uploaded.


Seller Comment (2022-03-08): Non-QM Borrower Cert
 03/10/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216925415 437220351 24576179 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Non-Owner Occupancy Declaration not provided Reviewer Comment (2022-03-10): Cleared.


Seller Comment (2022-03-08): OCC Cert attached
 03/10/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216925416 437220346 24576183 Credit Credit Credit Documentation Credit Absence of Business Purpose Certificate and/or Non-Owner Occupancy Declaration and/or UW Business Purpose Analysis and thus casts doubt on the business purpose of the loan. Please provide the business purpose certificate. Reviewer Comment (2022-03-10): Cleared.  Document provided.


Seller Comment (2022-03-08): Non QM cert


Seller Comment (2022-03-08): occupancy Cert
 03/10/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A Non QM No
216925419 437220179 24576188 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided Please provide the fraud report with a background check. Reviewer Comment (2022-01-27): Client provided DRIVE Fraud Report which includes background check.


Seller Comment (2022-01-25): [Redact]  [Redact] -  The attached is the supporting documentation for all 4 of the Conditions listed below.


Seller Comment (2022-01-25): [Redact]  [Redact] - Ø The attached is the supporting documentation for all 4 of the Conditions listed below.
 01/27/2022 1 A FL Investment Purchase C A C A A A No
216925419 437220179 24576189 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide the fraud report. Reviewer Comment (2022-01-27): Client provided DRIVE Fraud Report


Seller Comment (2022-01-25): [Redact]  [Redact] -  The attached is the supporting documentation for all 4 of the Conditions listed below.
 01/27/2022 1 A FL Investment Purchase C A C A A A No
216925419 437220179 24576190 Credit Credit Credit Documentation Credit Missing Document: OFAC not provided Please provide the fraud report with an OFAC. Reviewer Comment (2022-01-27): Client provided DRIVE Fraud Report which includes OFAC check.


Seller Comment (2022-01-25): [Redact]  [Redact] -  The attached is the supporting documentation for all 4 of the Conditions listed below.
 01/27/2022 1 A FL Investment Purchase C A C A A A No
216925419 437220179 24576191 Credit Credit Credit Documentation Credit OFAC was not checked and required per guidelines. - Duplicate. Please provide the fraud report with an OFAC. Reviewer Comment (2022-01-27): Client provided DRIVE Fraud Report which includes OFAC check.


Seller Comment (2022-01-25): [Redact]  [Redact] -  The attached is the supporting documentation for all 4 of the Conditions listed
 01/27/2022 1 A FL Investment Purchase C A C A A A No
216925419 437220179 24576193 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Please provide the lender documented estimated cost new for the subject property or updated insurance coverage amount of $xxx,xxx,xx, based on the estimated cost new from the appraisal. Hazard insurance coverage shortfall of $xx,xxx,xx. Reviewer Comment (2022-01-27): Client provided documentation stating insurance coverage in place includes cost to replace the damaged property with no reduction for depreciation of the damaged property.


Seller Comment (2022-01-25): [Redact] - [Redact]  - See attached: Checklist of Coverage


Seller Comment (2022-01-25): [Redact] - [Redact]  - See attached: Checklist of Coverage does indicate [Redact] limit, however also indicates "replacement cost".  The Loss Settlement Basis method is reflected as Replacement Cost, which is the cost to replace the damaged property, with no reduction for depreciation.


Seller Comment (2022-01-25): [Redact] - WRONG CONDITION SENT- SORRY


Seller Comment (2022-01-25): [Redact]  [Redact] - Ø The attached is the supporting documentation for all 4 of the Conditions listed below.
 01/27/2022 1 A FL Investment Purchase C A C A A A No
216925445 437220588 24590598 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide fully executed Business Purpose Certificate. Reviewer Comment (2022-03-10): Received fully executed Business Purpose Certificate. Exception Cleared.


Seller Comment (2022-03-08): Non QM Cert
 03/10/2022 1 A FL Investment Purchase C A C A A A N/A No
216925446 437220533 24591625 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide fully executed Business Purpose Certificate. Reviewer Comment (2022-03-01): Received and associated fully executed Business Purpose Certificate. Exception cleared.


Seller Comment (2022-02-28): business Purpose Cert
 03/01/2022 1 A FL Investment Purchase D A D A A A Non QM No
216925446 437220533 24591655 Credit Credit Credit Documentation Missing Document  Missing Document: Credit Report not provided FICO per Approval is[redacted]but borrower is a Foreign National.  Provide credit report to verify[redacted] FICO score. Reviewer Comment (2022-03-14): Updated Approved received. Passport, Visa and W8Ben in file.


Seller Comment (2022-03-09): Revised Approval/CTC


Seller Comment (2022-03-09): UW Memo for no credit report
 03/14/2022 1 A FL Investment Purchase D A D A A A Non QM No
216925446 437220533 24593064 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: ACH Verification not provided Please provide required ACH documentation for XXXX. Reviewer Comment (2022-03-17): Rec'd Borrower ACH Form in trailing docs.


Seller Comment (2022-03-16): ACH setup form.


Seller Comment (2022-03-15): The borrower is a [Redact] not a [Redact].  This is indicated on the 1003 as well as the borrower has a B1 [Redact].  Please indicate which documentation points to this being a [Redact] or clear the condition if possible.


Reviewer Comment (2022-03-14): Please provide ACH ([Redated]).
 03/17/2022 1 A FL Investment Purchase D A D A A A Non QM No
216929755 437221466 24607541 Property Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. - Please provide[redacted] completion certification, for required repairs Reviewer Comment (2022-02-28): Appraisal dated [Redact] provided eliminating repairs and FHA requirements. Exception cleared.


Seller Comment (2022-02-24): appraisal
 02/28/2022 1 A IL Investment Purchase C A A A C A No
216929760 437221513 24607712 Property Property - Appraisal Appraisal Data Integrity Property - Appraisal Appraiser's license or certification was not active at the time of the appraisal. - The appraiser's license attached to the appraisal issued[redacted] expired [redacted] Provide a copy of the appraiser's license renewal. Reviewer Comment (2022-02-07): License info from state provided.  Exception cleared.


Seller Comment (2022-02-03): Appraiser's license
 02/07/2022 1 A HI Primary Purchase C B C A B B C A Non QM Non QM No
216929760 437221513 24611357 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided The income used for qualifying reflected on the 1008 included in the file does not correspond with the UW Income Analysis Worksheet or the final 1003. Provide an updated 1008 to mirror the income stated on the worksheet and 1003. Reviewer Comment (2022-02-04): Received updated 1008 with updated income of borrower, verified and associated the document. Exception cleared.


Seller Comment (2022-02-03): 1008
 02/04/2022 1 A HI Primary Purchase C B C A B B C A Non QM Non QM No
216929760 437221513 24613865 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted]business days prior to closing, and appraisal was not provided at or before closing. Provide Borrower acknowledgment of appraisal receipt at least[redacted]days prior to closing or that the borrower signed the [redacted]-hour waiver. Reviewer Comment (2022-02-11): Seller acknowledges exception


Seller Comment (2022-02-08): Seller requests buyer review: lvl 2 condition, please waive


Reviewer Comment (2022-02-04): Received copy of 72-hour waiver but Borrower's acknowledgment of appraisal receipt is still missing in the file, hence exception remains.


Seller Comment (2022-02-03): Appr delivery proof
 02/11/2022 2 B HI Primary Purchase C B C A B B C A Non QM Non QM No
216929761 437221530 24595641 Credit Insurance Insurance Analysis Insurance Hazard Insurance Policy expires within 90 days of the Note Date. Hazard Insurance must reflect a minimum of[redacted] days remaining at the time of disbursement. Disbursement date [redacted]. Policy end date[redacted] Reviewer Comment (2022-02-11): Renewal policy provided in trailing documents. Exception cleared.


Seller Comment (2022-02-08): renewal policy
 02/11/2022 1 A CA Primary Refinance - Cash-out - Other C B B A C B A A Non QM Non QM No
216929761 437221530 24597232 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year[redacted] on Final Closing Disclosure provided on[redacted] not accurate. Reviewer Comment (2022-02-18): [Redact] received Letter of Explanation & Corrected Closing Disclosure.


Seller Comment (2022-02-17): Same as below


Seller Comment (2022-02-17): Same as below.


Seller Comment (2022-02-17): PCD with LOE attached.  

• [Redact] $[Redact] premium is the correct amount.    The number Hazard - $[Redact], from the investor is not from the renewal it is from the old policy.   $[Redact]/month
• [Redact] Fire Insurance - $[Redact]  this matches  $[Redact]/ month
• Taxes $[Redact] - this matches  $[Redact]/month


Reviewer Comment (2022-02-11): The annual non-escrowed costs on page 4 of the final CD do not match the loan file.  Annual non-escrowed costs, per loan file, are as follows: Hazard - $[Redact], Tax - $[Redact], Fire Insurance - $[Redact] for a total of $[Redact].  Provide PCCD and LOE that reflects the preceding amounts in 10, 11 or 12 month breakouts, or documentation of alternative amounts, or documentation of calculation used for review.


Seller Comment (2022-02-09): Can you please confirm the correct figures?
 02/18/2022 2 B CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B B A C B A A Non QM Non QM Yes
216929761 437221530 24838086 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page[redacted] that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated[redacted] XXXX received Corrected CD issued[redacted]  Fees added in Section B for Title-Recording service which is finance charge and was not disclosed on Final CD for which finance charges were underdisclosed [redacted].  Cure due borrower with Corrected CD, LOE to borrower, copy of refund check for full underdisclosure, proof of mailing and proof of reopening of rescission since this is a material disclosure on a rescindable transaction. Reviewer Comment (2022-03-08): [Redact] received [Redact] Corrected CD updating recording fees.


Seller Comment (2022-03-04): updated PCCD - I called escrow to ask about the fee that is causing the issue.  They added it to the final statement after it had not been our prior to closing statement.  It is a recording fee that was paid to the county record in order to record an additional document that was required.  I have moved the fee to the recording fees section since it was paid to the county.  I am attaching a copy of  the updated CD.  Can we have the investor review this before we go through the process of reopening rescission.  The finance charge is now within tolerance (only off by [Redact]).  They may still require a cure on the recording fee but hopefully will not require a new rescission.


Reviewer Comment (2022-03-01): [Redact] received Corrected CD and LOE to borrower.  Costs increased on the Corrected CD that were not disclosed on the Final CD and exceed tolerances for this material disclosure testing. The Finance Charge was underdisclosed at closing by [Redact] and cure is due to borrower of the total underdisclosed amount. And that this is a Material Disclosure violation on a rescindable transaction, the reopening of rescission is also required to cure.  Provide proof of refund to borrower for total underdisclosure of [Redact], proof of mailing and proof of reopening of rescission to all borrowers/title owners.


Seller Comment (2022-02-28): The recording service fee should have been in section C with the rest of the title and escrow fees.  Corrected PCCD issued.  We should not need a cure
 03/08/2022 1 A CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B B A C B A A Non QM Non QM Yes
216929761 437221530 24838087 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on[redacted] disclosed an inaccurate Total of Payments on page[redacted] that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated[redacted] XXXX received Corrected CD issued[redacted].  Fees added in Section B for Title-Recording service which was not disclosed on Final CD for which TOP was underdisclosed [redacted] Cure due borrower with Corrected CD, LOE to borrower, copy of refund check for full underdisclosure, proof of mailing and proof of reopening of rescission since this is a material disclosure on a rescindable transaction. Reviewer Comment (2022-03-08): [Redact] received [Redact] Corrected CD updating recording fees.


Seller Comment (2022-03-04): updated PCCD - I called escrow to ask about the fee that is causing the issue.  They added it to the final statement after it had not been our prior to closing statement.  It is a recording fee that was paid to the county record in order to record an additional document that was required.  I have moved the fee to the recording fees section since it was paid to the county.  I am attaching a copy of  the updated CD.  Can we have the investor review this before we go through the process of reopening rescission.  The finance charge is now within tolerance (only off by [Redact]).  They may still require a cure on the recording fee but hopefully will not require a new rescission.


Reviewer Comment (2022-03-01): [Redact] received Corrected CD and LOE to borrower.  Costs increased on the Corrected CD that were not disclosed on the Final CD and exceed tolerances for this material disclosure testing. The TOP was underdisclosed at closing by[Redact] and cure is due to borrower of the total underdisclosed amount. And that this is a Material Disclosure violation on a rescindable transaction, the reopening of rescission is also required to cure.  Provide proof of refund to borrower for total underdisclosure of[Redact], proof of mailing and proof of reopening of rescission to all borrowers/title owners.


Seller Comment (2022-02-28): The recording service fee should have been in section C with the rest of the title and escrow fees.  Corrected PCCD issued.  We should not need a cure
 03/08/2022 1 A CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable C B B A C B A A Non QM Non QM Yes
216929761 437221530 24838088 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:[redacted] Fee Tolerance exceeded for Title - Recording Service Fee.  Fee Amount o[redacted] exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. XXXX received[redacted] Corrected CD which added fee in Section B which is[redacted] tolerance with no valid changed circumstance to add.  Provide cure with Corrected CD, LOE to borrower, copy of refund check and proof of mailing. Reviewer Comment (2022-03-01): [Redact] received a corrected PCCD with LOE for the Title - Recording service fee moved to section C from section B. Also, fee is not bound by a tolerance.


Seller Comment (2022-02-28): The recording service fee should have been in section C with the rest of the title and escrow fees.  Corrected PCCD issued.  We should not need a cure
 03/01/2022 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B A C B A A Non QM Non QM Yes
216929761 437221530 24973535 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted]exceeds tolerance of[redacted] plus [redacted] or[redacted].  Insufficient or no cure was provided to the borrower. XXXX received Corrected CD updating recording fees which now exceed [redacted] tolerance and for which cure is due borrower.  Copy of Corrected CD, LOE to borrower, copy of cure check and proof of mailing required. Reviewer Comment (2022-03-25): [Redact] received PCCD, LOE, proof of mailing & copy of refund check.


Seller Comment (2022-03-24): PCD, check, and mailing label
 03/25/2022 2 B CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B A C B A A Non QM Non QM Yes
216929764 437221085 24596191 Credit Missing Document General Missing Document Missing Document: Official Check not provided Provide Agreement that states the borrower is contributing an additional[redacted]/mo toward purchase. Reviewer Comment (2022-02-15): created new exception with greater detail


Reviewer Comment (2022-02-07): Please provide a fully executed copy of the Purchase Lease Agreement. This issue remains open. Note : Page 2, Item 2;A;3 identifies the Purchase Lease Agreement as the document defining the terms of the borrower's deposits as being paid by excess amounts added to rent ($xxxx) each month to support the borrower's collected deposit of $xxxx over a 24 month period. This document must be provided and in file..


Seller Comment (2022-02-03): see attached uw lox and vor
 02/15/2022 1 A PA Primary Purchase C A C A A A A A Non QM Non QM No
216929764 437221085 24795389 Credit Credit Miscellaneous Guideline Credit Exception: FNMA requires
Copy of the rental agreement evidencing a minimum original term of at least [redacted] months clearly stating the monthly renal amount and specifying terms of lease.
Copies of the borrower' canceled checks or money order receipts for the last[redacted]months evidencing the rental payments
Market rent as determined by the subject property appraisal
The amount used for the credit for down payment is determined between the difference between the market rent and actual rent paid for the last[redacted] months. Market rent is taken from the appraisal.		 Reviewer Comment (2022-03-25): [Redact]:  Since the full payment is being used to qualify the borrower and a lease agreement has been provided this exception is being cleared.


Reviewer Comment (2022-03-21): The sales contract refers to the "Lease Purchase Agreement"; however, only standard leases were provided and did not reflect verbiage regarding rent payments being applied to purchase. LOE from Landlord/Seller in file; no bank statements/canceled checks/money orders to support the additional [Redact] down payment started on [Redact] through xx/xx/xxxx; exception remains


Seller Comment (2022-03-16): deposit of [Redact] a month history.


Seller Comment (2022-03-16): Leases from [Redact] to present


Reviewer Comment (2022-03-03): Provide copy of the Lease to Purchase Agreement.


Seller Comment (2022-03-03): please rvw upld docs and clear.


Seller Comment (2022-02-28): see attached
 03/25/2022 1 A PA Primary Purchase C A C A A A A A Non QM Non QM No
216929767 437221522 24605235 Credit Guideline Guideline Issue Guideline Refi Purpose reflects Rate/Term and cash out greater than the lesser of 2% of the loan amount or $2000. Cash to Borrower:  ___; Total Cash Out:    ___;  Refi Purpose:  ___ The 1008 shows limited Cash Out the final closing Disclosure shows the borrower getting [redacted]this is greater than [redacted] Reviewer Comment (2022-02-11): Received PCCD showing property taxes paid through closing and some reduction in fees with cash back to the borrower of [Redact].  Exception is cleared.


Seller Comment (2022-02-08): PCCD w/ cash-back to brw [Redact] attached
 02/11/2022 1 A CA Primary Refinance - Limited Cash-out GSE C A C A A A A A Non QM Non QM No
216929768 437221545 24604198 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applican[redacted]business days prior to consummation. Reviewer Comment (2022-02-07): Appraisal delivery document provided which includes Sent Date of [Redact] and Presumed Received Date of [Redact].


Reviewer Comment (2022-02-07): Appraisal report date is [Redact] and note date is [Redact]. Provide evidence that appraisal was sent to the borrower at least 3 days prior to closing. Exception remains.


Seller Comment (2022-02-04): appraisal and evidence of appraisal sent
 02/07/2022 1 A GA Primary Purchase B A A A B A A A Non QM Non QM No
216929768 437221545 24604201 Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of[redacted]exceeds tolerance of[redacted]plu[redacted] o[redacted]  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-01-26): Sufficient Cure Provided At Closing
 01/26/2022 1 A GA Primary Purchase Final CD evidences Cure B A A A B A A A Non QM Non QM Yes
216929838 437220167 24597247 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-07): Received and associated Lender's Initial 1003. Exception cleared.


Seller Comment (2022-02-04): [Redact] [Redact] send initial 1003 for review
 02/07/2022 1 A MD Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216929838 437220167 24597700 Compliance Compliance State Compliance State HPML (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) xxxx Higher-Priced Mortgage Loan:  Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. Reviewer Comment (2022-02-25): Seller elects to waive this exception with no grade change.


Seller Comment (2022-02-23): [Redact]  [Redact] - please waive  with no grade changes
 02/25/2022 2 B MD Primary Refinance - Cash-out - Other Lender attestation indicating that (1) the borrower did not qualify for any non-higher-priced loans or (2) the lender does not offer non-higher-priced loans. C B A A C B A A Non QM Non QM No
216929838 437220167 24597701 Compliance Compliance State Compliance State HPML xxxx HPML Threshold Test Non-Compliant xxxx Higher-Priced Mortgage Loan: APR on subject loan of[redacted]or Final Disclosure APR of [redacted]% is in excess of allowable threshold of APOR[redacted], or [redacted]Non-Compliant Higher Priced Loan. Reviewer Comment (2022-02-25): Seller elects to waive this exception with no grade change.


Seller Comment (2022-02-23): [Redact]  [Redact] -  sent message to investor - please waive  with no grade changes
 02/25/2022 2 B MD Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216929838 437220167 24597740 Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of[redacted] is less than amount of binding Lender Credit previously disclosed in the amount of[redacted] Lender credit on LE was greater than lender credit on final CD. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes Reviewer Comment (2022-02-14): [Redact] received [Redact] CD and changed circumstance.


Seller Comment (2022-02-11): [Redact] [Redact] - see attached  CD and COC for credit change
 02/14/2022 1 A MD Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216929839 437220149 24604721 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-04): Documentation received.  Exception cleared.  [Redact].


Seller Comment (2022-02-02): [Redact] [Redact] - initial 1003
 02/04/2022 1 A CA Primary Refinance - Cash-out - Other B A A A B A A A Non QM Non QM No
216929840 437220182 24598202 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [redacted]) business days of application. Initial Loan Estimate dated[redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. The loan estimate was electronically signed by the borrower on the[redacted] and the E-sign was credited on [redacted] Reviewer Comment (2022-02-17): [Redact] received document stating initial disclosures were Mailed to borrower.


Seller Comment (2022-02-16): [Redact] [Redact] -   page 1 of the Disclosure Tracking summary where is highlighted the spot that confirms the initial LE was also mailed to the borrower
 02/17/2022 1 A OK Primary Purchase C A A A C A A A Non QM Non QM No
216930188 437220555 24676292 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Reviewer Comment (2022-03-11): CD for future purchase closing (loan was in process at the time of subject property closing) included in qualifying received.


Seller Comment (2022-03-10): Signed CD for [Redact] uploaded. Please clear.


Seller Comment (2022-03-09): The Lender included the property located at [Redact] because it was a known transaction at the time of application and therefore the proposed housing payment should be included in the DTI given the closing was imminent.


Reviewer Comment (2022-03-08): The Final 1003 shows the property located at [Redact]is held as an Investment Property with a mortgage with [Redact]; P&I of [Redact] and TI of $[Redact].  If this was a purchase that had not closed yet, why is it listed on the 1003?  Provide satisfactory explanation and/or revised 1008 and 1003.


Seller Comment (2022-03-04): Seller LOE in Lieu of Mtg Statement for [Redact]. This is a Purchase transaction and was not closed yet. Mortgage Statement is N/A.


Reviewer Comment (2022-02-22): Correction to prior comment: Please provided the Mortgage Statement and Insurance verification for [Redact]


Reviewer Comment (2022-02-22): Please provided the Mortgage Statement for [Redact]


Seller Comment (2022-02-15): Tax and EOI for [Redact] provided.


Reviewer Comment (2022-02-14): All documentation received except the mortgage statement for [Redact].  Exception remains.


Seller Comment (2022-02-09): REO documents uploaded.
 03/11/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A A A N/A Exempt from ATR No
216932348 437220586 24620695 Credit Fix and Flip General Fix and Flip The Non-Owner Occupied Certification was not signed by all required borrowers and thus casts doubt on the business purpose of the loan. Please provide the signed non-owner occupied certification. Reviewer Comment (2022-03-10): Received signed copy of Occupancy Certificate, verified and associated the document, hence exception cleared.


Seller Comment (2022-03-08): occupancy Cert
 03/10/2022 1 A CA Investment Purchase C A C A A A No
216932350 437220434 24625909 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please forward the Business Purpose Cert. Reviewer Comment (2022-03-10): Received Business Purpose Certificate, Exception Cleared


Seller Comment (2022-03-08): Non-QM Borrower Cert attached
 03/10/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
216932403 437220525 24609927 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Post Disaster Inspection not provided. Most recent valuation effective[redacted] Most recent disaster [redacted] Disaster declaration date[redacted] Reviewer Comment (2022-03-17): Post Disaster Inspection received verifying subject property is free & clear of disaster related damage.


Seller Comment (2022-03-15): Disaster re-inspection
 03/17/2022 1 A WA Primary Purchase C A C A A A A A Non QM Non QM No
216932419 437220534 24603403 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [redacted], prior to[redacted] business days from transaction date of [redacted]. Reviewer Comment (2022-02-28): Received final closing statement with actual disbursement date.


Seller Comment (2022-02-24): Loan disbursed [Redact]please see FInal Settlement Statement
 02/28/2022 1 A CA Primary Refinance - Rate/Term TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C A A A C A A A Non QM Non QM Yes
216932584 437220696 24614306 Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided Please provide verification of the Borrower's Permanent Resident status. Reviewer Comment (2022-02-15): Received Permanent Resident Card on [Redact], Exception Cleared


Seller Comment (2022-02-11): Perm Res Card
 02/15/2022 1 A FL Investment Purchase C A C A A A No
216935459 437220545 24609790 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant[redacted] business days prior to consummation. No proof in file that the appraiser was provided to the borrower Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B NY Primary Refinance - Rate/Term C B A A C B A A Non QM Non QM No
216935459 437220545 24609842 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of[redacted] exceeds tolerance of [redacted]  Insufficient or no cure was provided to the borrower. The Loan discount point  fee was not disclosed to the borrower on the initial  loan estimate but it appeared on the closing disclosure with no cure provided Reviewer Comment (2022-02-24): [Redact] received a valid COC on [Redact] for the Loan Discount point increased due to Rate locked.


Seller Comment (2022-02-23): Please see [Redact] COC addressing addition of Loan Discount points ( Loan amount [Redact] [Redact] = [Redact])
 02/24/2022 1 A NY Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216935459 437220545 24609865 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:[redacted]Fee Tolerance exceeded for [redacted].  Fee Amount of[redacted]exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. The Mortgage Broker Fee. was disclosed to the borrower on the initial loan estimate asv[redacted] but it appeared on the closing disclosure as[redacted] with no cure provided Reviewer Comment (2022-02-24): [Redact] received a valid COC on [Redact] for the Mortgage Broker fee increased due to Loan amount increased.


Seller Comment (2022-02-23): Please see [Redact] COC addressing increase of Broker Fee [Redact] to [Redact]
 02/24/2022 1 A NY Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216935459 437220545 24609879 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of[redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. The Transfer Tax was disclosed to the borrower on the initial loan estimate as[redacted] but it appeared on the closing disclosure as[redacted] with no cure provided Reviewer Comment (2022-02-24): [Redact] received a valid COC on [Redact] for the Transfer Tax increased due to Loan amount increased.


Seller Comment (2022-02-23): Please see [Redact] COC uploaded addressing increase in Transfer Tax [Redact] to [Redact]
 02/24/2022 1 A NY Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
216935461 437220543 24613130 Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. The exact date of the initial rate lock could not be determined. Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B CA Primary Refinance - Cash-out - Other B B A A B B A A Non QM Non QM No
216935461 437220543 24613131 Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account Statement Missing RESPA: Initial escrow account statement was not provided to the borrower. Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B CA Primary Refinance - Cash-out - Other B B A A B B A A Non QM Non QM Yes
216935461 437220543 25109591 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - The final 1003 reflected an amount for the Monthly Insurance, Taxes, Association Dues, etc., which was not supported for the properties located on [redacted] and [redacted]. Provide documentation to support the total amount reflected or amend the final 1003; exception remains Reviewer Comment (2022-03-25): Exception cleared [Redact].


Seller Comment (2022-03-24): All REO properties that we are using rental income from are owned free-and-clear.  There are no mortgage payments on these properties, only taxes and homeowners insurance.  Each breakdown previously provided states no mortgage.  The mortgages were all paid from the subject transaction.


Reviewer Comment (2022-03-24): The documentation for the REO properties support the housing costs reflected on the 1003, however when the 25% vacancy factor is taken into consideration for qualifying, the income amounts reflected on the 1003 are incorrect. Neg rent is calculated for each of the REO properties including mortgage payment and the higher of T&I. The rental income justification letter received does not include the mortgage payments (only the verified/documented T&I amounts) resulting in positive net rental used in qualifying. Exception remains.


Seller Comment (2022-03-22): HOA Stmt xxxx
 03/25/2022 1 A CA Primary Refinance - Cash-out - Other B B A A B B A A Non QM Non QM No
216935465 437220591 24610728 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted]business days prior to closing. No proof that the initial closing disclosure was signed Reviewer Comment (2022-03-10): [Redact] received executed[Redact] Initial CD


Seller Comment (2022-03-09): Please see docusign summary attached


Seller Comment (2022-03-09): Please see signed Initial CD attached


Seller Comment (2022-03-08): * Borrower was unable to retrieve because spouse did not view


Seller Comment (2022-03-08): Borrower [Redact] did acknowledge/accept initial cd on LOS encompass however[Redact] did not view which causes initial cd to NOT generate.  Please clear condition as primary borrower did view and acknowledge on [Redact]


Reviewer Comment (2022-03-04): [Redact] received snip that a document was sent and received [Redact]. Please provide documentation showing the CD was the document sent for review as there is not identifying information on the CD or snip to tie them together.


Seller Comment (2022-03-03): Please see initial CD [Redact] with esign acknowledgement from borrower
 03/10/2022 1 A CA Primary Refinance - Rate/Term No Defined Cure C B B B C A A A Non QM Non QM No
216935465 437220591 24695972 Credit Credit Miscellaneous Guideline Credit Exception: Bank statements have excessive NSFs. The representative FICO score exceeds the guideline minimum by at least xx points.

The qualifying DTI on the loan is at least xx% less than the guideline maximum.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has owned the subject property for at least x years.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.		 Originator,Owner

Owner

Owner

Owner

Owner

Owner

Owner

Originator,Owner		 Reviewer Comment (2022-02-02): Lender Exception with Comp Factors provided for regrade and waive.
 02/02/2022 2 B CA Primary Refinance - Rate/Term C B B B C A A A Non QM Non QM No
216935466 437220592 24610044 Credit Title Document Error Title There is no dollar amount noted on the title policy. Reviewer Comment (2022-02-23): Seller acknowledges exception.
 02/23/2022 2 B CA Primary Refinance - Rate/Term B B B B A A A A Non QM Non QM No
216935467 437220524 24612978 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Please provide hazard insurance dwelling coverage of[redacted]as this is the amount reflected on the replacement cost estimator. Hazard insurance coverage shortfall of[redacted] Reviewer Comment (2022-03-10): Full 13 page insurance policy received verifying building coverage of [Redact] valuation is replacement cost.


Seller Comment (2022-03-08): Please see policy attached w/replacement cost


Reviewer Comment (2022-03-01): That amount is for income or rent, this is not for the dwelling.


Seller Comment (2022-02-25): I have reviewed the ACORD Evidence of Commercial Property Insurance -  Commercial Property Coverage is [Redact] - there is also Business/Rental Value of [Redact]. Please review. Thank You!
 03/10/2022 1 A NJ Investment Refinance - Cash-out - Other C A C A A A No
216948267 437221153 24611877 Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003 Error: Citizenship Source Documentation  was not provided - The file is missing the verification of Non-US citizen, please provide either of the following Resident alien card, VISA or Passport Reviewer Comment (2022-02-03): Received valid Permanent Resident Alien Card.  Exception is cleared.


Seller Comment (2022-02-01): ID
 02/03/2022 1 A NY Primary Purchase C A C A A A A A Non QM Non QM No
216948267 437221153 24611962 Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003 Error: Citizenship Source Documentation  was not provided - Reviewer Comment (2022-02-03): Received valid Permanent Resident Alien Card.  Exception is cleared.


Seller Comment (2022-02-01): ID
 02/03/2022 1 A NY Primary Purchase C A C A A A A A Non QM Non QM No
216948267 437221153 24612010 Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided The file is missing the verification of Non-US citizen, please provide either of the following Resident alien card, VISA or Passport Reviewer Comment (2022-02-03): Received valid Permanent Resident Alien Card.  Exception is cleared.


Seller Comment (2022-02-01): ID
 02/03/2022 1 A NY Primary Purchase C A C A A A A A Non QM Non QM No
216948947 437220484 24628486 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Please provide the Home Owner Insurance  for [redacted],[redacted] Reviewer Comment (2022-03-24): HOA verification received. Purchase HUD provided confirming no mortgage and no HOI.


Seller Comment (2022-03-22): Updated UW memo for rebuttal review.


Reviewer Comment (2022-03-21): Please provide verification of monthly HOA dues; exception to remain.


Seller Comment (2022-03-17): Settlement statement for [Redact]


Seller Comment (2022-03-17): UW Memo


Reviewer Comment (2022-03-03): This exception is for the missing insurance document for [Redact].  There is nothing to refer to.  The exception for insurance document remains.


Seller Comment (2022-03-01): Please see REO docs  for [Redact] property
 03/24/2022 1 A NY Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216948947 437220484 24628787 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted]exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. The Loan Discount Points of [redacted]exceeds the[redacted]Percent Tolerance by[redacted]  File does not contain a valid COC for this fee, nor evidence of cure.  Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changed made, or VCC. Reviewer Comment (2022-03-02): [Redact] received valid COC for increase in Loan Discount Points.


Seller Comment (2022-03-01): Please see [Redact] COC addressing discount points - Thank you!


Reviewer Comment (2022-03-01): [Redact] upon further review received a valid COC dated [Redact] for Loan Discount point increases on CD dated [Redact]. However, Loan Discount Points added [Redact] on CD dated [Redact]. There is no COC is provided why the fee is added on CD. So kindly provide a valid COC on [Redact] with supporting document for the fee added on CD [Redact] or provide Cure.


Seller Comment (2022-02-28): Please see [Redact] COC addressing change in loan amount to [Redact] x[Redact] = [Redact] discount points
 03/02/2022 1 A NY Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216948947 437220484 24628840 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:[redacted] Fee Tolerance exceeded for Mortgage Broker Fee.  Fee Amount of[redacted] exceeds tolerance o[redacted].  Insufficient or no cure was provided to the borrower. The Mortgage Broker Fee of[redacted] exceeds the[redacted] Percent Tolerance by[redacted]  File does not contain a valid COC for this fee, nor evidence of cure.  Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changed made, or VCC. Reviewer Comment (2022-03-01): [Redact] upon further review received a valid COC dated [Redact] for Mortgage Broker Fee increases.


Seller Comment (2022-02-28): Please see [Redact] COC addressing change in loan amount and Broker fee will change when loan amount does. COC provided when loan amount increased
 03/01/2022 1 A NY Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216948947 437220484 24628841 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Transfer Tax.  Fee Amount of[redacted] exceeds tolerance of[redacted]  Insufficient or no cure was provided to the borrower. The Transfer Tax/City/County Tax Fee of[redacted]exceeds the Zero Percent Tolerance by[redacted]  File does not contain a valid COC for this fee, nor evidence of cure.  Provide a post-close CD disclosing the tolerance cure to include[redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changed made, or VCC. Reviewer Comment (2022-02-28): [Redact] upon further review received a valid COC dated [Redact] for Transfer Tax/City/County Tax Fee increases.


Seller Comment (2022-02-24): Please see [Redact] COC addressing tax increase from [Redact] to [Redact] due to loan amount change
 02/28/2022 1 A NY Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
216948947 437220484 24630317 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least[redacted]business days prior to closing, and appraisal was not provided at or before closing. Provide all appraisals done for the loan and evidence they were all sent to the borrower at least[redacted] days prior to closing. Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B NY Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
216948949 437220620 24628347 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted]business days prior to closing. No proof the initial CD was provided at least[redacted] business days prior to closing. Reviewer Comment (2022-03-18): [Redact] received [Redact] CD.


Seller Comment (2022-03-17): Please see attached signed CD [Redact] missing issue date due to glitch please review with docusign cert & acknowledgement uploaded [Redact]


Reviewer Comment (2022-03-17): Please provide the [Redact] CD as it is not in file for review.


Seller Comment (2022-03-15): Please see Docusign cert attached - docs sent [Redact] borrower acknowledged and signed initial cd on [Redact]
 03/18/2022 1 A CA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216948949 437220620 24628611 Credit Guideline Guideline Issue Guideline Loan does not meet minimum income documentation requirements. - VVOE with start and end dates were not provided for the borrower's prior employment at XXXX. Reviewer Comment (2022-03-28): [Redact] employment documentation received, no ATR exceptions, guidelines allow for post close documentation.


Seller Comment (2022-03-24): We do not have a guideline that says prior employment VOE cannot be post close.  This guideline is for current employment only.  Please re-review and clear based on this.


Reviewer Comment (2022-03-23): Prior employment verification for the borrower at [Redact] (TWN) received but post close and does not meet GL requirements. Please forward Veritas verification dated at, or before closing.


Seller Comment (2022-03-21): VOE attached
 03/28/2022 1 A CA Primary Purchase C B C A C B A A Non QM Non QM No
216948949 437220620 24630934 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least[redacted] business days prior to closing, and appraisal was not provided at or before closing. Please provide evidence all appraisals were received by the  borrowers. Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B CA Primary Purchase C B C A C B A A Non QM Non QM No
216953583 437220463 24628314 Property Valuation Valuation Issue Valuation The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal The effective date for the desk review does not match the appraisal's effective date.  The appraisal report/signature date is[redacted] with an effective date of [redacted].  The CDA report date is[redacted]with an effective date of [redacted]. Reviewer Comment (2022-03-25): Client provided copy of appraisal report dated [Redact] with an effective date of [Redact].


Seller Comment (2022-03-23): Appraisal attached


Seller Comment (2022-03-23): Please see memo attached
 03/25/2022 1 A CA Second Home Purchase C B A A C B C A Non QM Non QM No
216953583 437220463 24628817 Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. Rate lock is not in file Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B CA Second Home Purchase C B A A C B C A Non QM Non QM No
216953583 437220463 24628906 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of[redacted] exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. The Loan Discount Points were not disclosed to the borrower on the loan estimate but the fee appeared on the closing disclosure with no cure provided.  There is no valid Change of Circumstance in the file to support the addition of this fee.  Provide a valid CoC for the addition of this fee or a PCCD showing the cure, along with a copy of the refund check, letter of explanation to the borrower and proof of delivery. Reviewer Comment (2022-03-03): [Redact] upon further review received a valid COC dated [Redact] for Loan Discount Points increases.


Seller Comment (2022-03-02): COC to CD
 03/03/2022 1 A CA Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B C A Non QM Non QM Yes
216953583 437220463 24628907 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA/Condo Questionnaire.  Fee Amount of[redacted]exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. The Questionnaire fee  was disclosed to the borrower on the loan estimate as [redacted] but it appeared on the closing disclosure as [redacted] with no cure provided.  There is no valid Change of Circumstance in the file to support the increase in this fee.  Provide a valid CoC for the increase in this fee or a PCCD showing the cure, along with a copy of the refund check, letter of explanation to the borrower and proof of delivery. Reviewer Comment (2022-03-16): [Redact] Received PCCD, LOE, Copy of check and proof of delivery for the cure provided.


Seller Comment (2022-03-15): Please see PC CD/Letter to Borrower/Refund Check/Confirmation of receipt


Reviewer Comment (2022-03-04): [Redact] upon further review in provided COC [Redact] there is no reason present for the fee increased on CD dated [Redact]. HOA/Condo Questionnaire fee increases to [Redact] from [Redact] on CD dated [Redact]. So kindly provide a valid COC with additional information why the fee increases to [Redact] on CD [Redact] or provide Cure.


Seller Comment (2022-03-02): See COC to CD
 03/16/2022 2 B CA Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B C A Non QM Non QM Yes
216953583 437220463 25162568 Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Appraisal is required to be in name of Lender - Missing appraisal transfer letter. Reviewer Comment (2022-03-31): Appraisal transfer letter received.


Seller Comment (2022-03-29): transfer letter attached
 03/31/2022 1 A CA Second Home Purchase C B A A C B C A Non QM Non QM No
216953583 437220463 25162605 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant[redacted]business days prior to consummation. Missing the appraisal delivery document for the Revised/Final Appraisal Report dated[redacted].  Provide the appraisal delivery document for this appraisal. Reviewer Comment (2022-04-28): Aggregator acknowledges exception.
 04/28/2022 2 B CA Second Home Purchase C B A A C B C A Non QM Non QM No
216953583 437220463 25162652 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year[redacted] of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Revised appraisal shows monthly HOA Dues are[redacted]per month.  The annual insurance premium is[redacted] and the annual real estate taxes are [redacted].  Amount of Estimated Property Costs over Year 1 should be [redacted].  Provide PCCD with corrections to page one and page four, along with a copy of the letter of explanation to the borrower. Reviewer Comment (2022-03-31): [Redact] Tax Amount updated as [Redact]. Exception Cleared.


Seller Comment (2022-03-30): xxxx Calculation is incorrect - [Redact] purchase Transaction - tax are based of purchase price of[Redact] X[Redact] yearly total [Redact] Monthly [Redact]
CD is correct, please waive the conditions
 03/31/2022 1 A CA Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B C A Non QM Non QM Yes
216953587 437220615 24628274 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Reviewer Comment (2022-03-21): [Redact] Statement worksheet provided as a trailing doc


Seller Comment (2022-03-16): Income calculation worksheet
 03/21/2022 1 A CA Primary Purchase C A C A A A A A Non QM Non QM No
216953609 437220487 24626319 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 The file is missing a copy of the secondary valuation required for securitization purposes Reviewer Comment (2022-03-10): Rec'd CDA supporting Origination value; exception cleared


Seller Comment (2022-03-07): CDA provided.


Reviewer Comment (2022-02-15): AVM does not have a Confidence Score.  Provide desk review that meets guidelines.


Seller Comment (2022-02-10): Secondary Valuation from [Redact] provided.  Value [Redact].
 03/10/2022 1 A CA Primary Purchase D A A A C A D A Non QM Non QM No
216953609 437220487 24626658 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within[redacted] business days of application. Loan Estimate not delivered or placed in the mail to Borrower(s) within [redacted] business days of application of[redacted]. Reviewer Comment (2022-03-11): [Redact] Received LOE stating correct application date.


Seller Comment (2022-03-09): LOE


Seller Comment (2022-03-09): LE


Seller Comment (2022-03-09): Seller LOE, LE and Initial Disclosures uploaded.
 03/11/2022 1 A CA Primary Purchase D A A A C A D A Non QM Non QM No
216953609 437220487 24627618 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Extension Fee.  Fee Amount of[redacted] exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. The Extension fee was not disclosed to the borrower on the loan estimate but it appeared on the closing disclosure with no cure provided Reviewer Comment (2022-03-07): [Redact] received updated CD with corresponding COC on [Redact] for the Extension fee added due to Rate has been relocked.


Seller Comment (2022-03-03): Initial CD and COC
 03/07/2022 1 A CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D A A A C A D A Non QM Non QM Yes
216953609 437220487 24627873 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within[redacted] business days of application. Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within xx) business days of application of [redacted]. Reviewer Comment (2022-03-15): Client provided copy of ABA provided to borrower at the time of initial application.


Seller Comment (2022-03-11): Business Disclosure
 03/15/2022 1 A CA Primary Purchase D A A A C A D A Non QM Non QM No
216953609 437220487 24627875 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations not provided to applicant within xx (x) business days of application. List of Homeownership Counseling Organizations not provided to applicant within[redacted] business days of application of[redacted] Reviewer Comment (2022-03-15): Client provided Homeownership Counseling Organization List.


Seller Comment (2022-03-11): Homeownership Counseling Organization List uploaded.
 03/15/2022 1 A CA Primary Purchase D A A A C A D A Non QM Non QM No
216953609 437220487 24629148 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Assets Ability to Repay (Dodd-Frank 2014): Unable to verify assets using reasonably reliable third-party records. The HUD/Settlement Statement provided for funds to close is dated [redacted], but the subject loan closed on[redacted]. Funds cannot be utilized as they were not available at the time of closing. Reviewer Comment (2022-03-07): Client provided copy of Estimated Settlement Statement for sale of property that is dated prior to close.  Final Settlement Statement also provided.


Seller Comment (2022-03-03): ATR Worksheet


Seller Comment (2022-03-03): FSS and PCCD funds to close from concurrent escrow.


Seller Comment (2022-03-03): PCCD disbursement date [Redact].
 03/07/2022 1 A CA Primary Purchase D A A A C A D A Non QM Non QM No
216953609 437220487 24800314 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  AVM supports value.  Vendor/FSD do not meet Fitch criteria.; Sec ID: 10 AVM does not have an FSD Score.  Provide desk review that meets guidelines. Reviewer Comment (2022-03-10): Rec'd CDA supporting Origination value; exception cleared
 03/10/2022 1 A CA Primary Purchase D A A A C A D A Non QM Non QM No
216954086 437220643 24638859 Credit Insurance Insurance Analysis Insurance The Hazard Insurance Policy effective date is after the Note Date. Provide Certified Copy of Final Settlement Statement from the closing company that shows the disbursement date. Reviewer Comment (2022-03-15): Corrected note and deed provided. Cleared.


Seller Comment (2022-03-11): I wanted to send to you an explanation on this file with the attached documents as it is a little confusing.  Though your suspense is regarding the insurance dates the real issue with the file was that the note and the mortgage that was recorded were not updated to show the correct closing date.  The dates on the insurance are correct.
There was a glitch in our system where the dates on just the note and the mortgage and riders were not updated.  This loan closed on the [Redact] not [Redact].  All documents were signed and dated by the borrower reflecting that date.  All documents reflected that date as well with the exception of the note and mortgage.
 
Attached are the corrected documents (mortgage with re-recording correction language) and note with corrected dates.
 03/15/2022 1 A NY Investment Purchase C A C A A A No
216954086 437220643 24640192 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide signed Business Purpose Certificate. Reviewer Comment (2022-02-11): Received business purpose certificate signed and dated at closing.  Exception is cleared.


Seller Comment (2022-02-08): see attached
 02/11/2022 1 A NY Investment Purchase C A C A A A No
216966434 437220185 24668092 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 The initial 1003 wasn't provided, please provide the initial 1003 Reviewer Comment (2022-02-11): Initial 1003 provided in trailing documents. Exception cleared.


Seller Comment (2022-02-08): [Redact] [Redact] - initial 1003 for review  for all borrowers
 02/11/2022 1 A FL Second Home Purchase C A C A C A A A Non QM Non QM No
216966434 437220185 24668669 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least[redacted]business days prior to closing. Only the final Closing Disclosure was provided. Disclosure dated [redacted] not included in file. Changed circumstance provided verifying lock terms change. Reviewer Comment (2022-02-11): [Redact] received [Redact] CD.


Seller Comment (2022-02-10): [Redact] [Redact] - CD attached for review
 02/11/2022 1 A FL Second Home Purchase No Defined Cure C A C A C A A A Non QM Non QM No
216966434 437220185 24671005 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Verification of additional property related expenses [redacted]) for the the property located at[redacted]not included in the file. Reviewer Comment (2022-02-11): Received verification of HOA fees for the property.  Exception is cleared.


Seller Comment (2022-02-08): [Redact] [Redact] - The expense is for [Redact] and the expense is the result of HOA dues for that property. Document has been attached and was in original submission
 02/11/2022 1 A FL Second Home Purchase C A C A C A A A Non QM Non QM No
216966439 437221415 24655800 Credit Credit Miscellaneous Guideline Credit Exception: The file contains 2 different Prepayment Addendums to Note and 2 different Prepayment Riders. Provide documentation that confirms the correct prepayment terms such as the rate lock, approval or screen shot that sets forth the terms of the prepayment.  In the absence of one of these documents, a written attestation providing the correct terms is acceptable. Reviewer Comment (2022-03-01): Client provided written attestation that the correct PPP is[Redact] for the first 36 months.


Seller Comment (2022-02-25): LOE


Reviewer Comment (2022-02-15): Rec'd additional copy of the prepayment addendum and prepayment rider; Provide documentation that confirms the correct prepayment terms such as the rate lock, approval or screen shot that sets forth the terms of the prepayment. In the absence of one of these documents, a written attestation providing the correct terms is acceptable.


Seller Comment (2022-02-14): PPP rider
 03/01/2022 1 A ME Investment Purchase C A C A A A No
216967144 437220621 24659664 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide signed Business Purpose Certificate. Reviewer Comment (2022-02-23): Client provided copy of signed Business Purpose Certificate.


Seller Comment (2022-02-17): BPL


Seller Comment (2022-02-17): BPL -  Bottom of page 1 says that this is a business purpose loan
 02/23/2022 1 A FL Investment Purchase C A C A A A No
216967243 437220611 24654679 Credit Missing Document General Missing Document Missing Document: Cash-Out Utilization not provided Reviewer Comment (2022-03-28): Received.


Seller Comment (2022-03-25): Business Purpose Cert uploaded and cleared [Redact] please clear condition
 03/28/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216967243 437220611 24657155 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please forward the Business Purpose Cert. Reviewer Comment (2022-03-11): Received Business Purpose certificate. Exception Cleared.


Seller Comment (2022-03-09): Non-QM Borrower Cert attached
 03/11/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216967243 437220611 24657203 Credit Credit Miscellaneous Guideline Credit Exception: Please forward the Inquiry Letter of Explanation. Reviewer Comment (2022-03-28): No longer required.


Seller Comment (2022-03-25): Memo attached
 03/28/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
216967280 437221100 24656761 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided Reviewer Comment (2022-02-07): Received and associated 1008. Exception cleared.


Seller Comment (2022-02-04): See attached 1008, approval not required with 1008
 02/07/2022 1 A NJ Primary Purchase C B C A B B A A Non QM Non QM No
216967280 437221100 24656766 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided Reviewer Comment (2022-02-07): Received and associated 1008. Exception cleared.


Seller Comment (2022-02-04): See attached 1008
 02/07/2022 1 A NJ Primary Purchase C B C A B B A A Non QM Non QM No
216967280 437221100 24659735 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at leas[redacted] business days prior to closing, and appraisal was not provided at or before closing. There is an appraisal delivery document in file dated [redacted]which is for the Initial Appraisal Report that is not in the file.  Provide the appraisal delivery document for the Revised/Final Appraisal Report dated [redacted] Reviewer Comment (2022-02-07): Seller acknowledges.


Seller Comment (2022-02-04): Seller requests buyer review: grade 2
 02/07/2022 2 B NJ Primary Purchase C B C A B B A A Non QM Non QM No
217053144 437220208 24725899 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant[redacted]business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least[redacted]days prior to closing. Reviewer Comment (2022-02-22): Seller elects to waive this exception with no grade change.


Seller Comment (2022-02-22): [Redact] [Redact] - Please waive the exception with no grade change


Seller Comment (2022-02-15): [Redact] [Redact] - unable to clear - Please have it waived


Seller Comment (2022-02-15): Seller requests buyer review: [Redact] [Redact] - Please waive the exception with no grade change


Reviewer Comment (2022-02-14): Appraisal is sent on [Redact] which is not 3 business days prior to closing and there is no waiver in the file.  Exception remains.  [Redact].


Seller Comment (2022-02-10): [Redact] [Redact] - Please see attached proof of delivery for review
 02/22/2022 2 B AL Primary Purchase C B A A C B A A Non QM Non QM No
217053144 437220208 24725900 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted]or Final Disclosure APR o[redacted] is in excess of allowable threshold of APOR [redacted], or[redacted].  Non-Compliant Higher Priced Mortgage Loan. Provide all appraisals and evidence they were all sent to the borrower at least[redacted]days prior to closing. Reviewer Comment (2022-02-14): Documentation received.  Exception cleared. [Redact].
 02/14/2022 1 A AL Primary Purchase C B A A C B A A Non QM Non QM No
217053144 437220208 24725901 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applican[redacted] business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least [redacted]days prior to closing. Reviewer Comment (2022-02-14): Documentation received.  Exception cleared. [Redact].
 02/14/2022 1 A AL Primary Purchase C B A A C B A A Non QM Non QM No
217053144 437220208 24774285 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of revised valuation to applicant [redacted]business days prior to consummation. Exception added[redacted] when the appraisal notice was received. Reviewer Comment (2022-03-15): Seller acknowledges exception.


Seller Comment (2022-03-11): [Redact] [Redact] -sent to investor -  Please waive the exception with no grade change"


Reviewer Comment (2022-03-10): Complete appraisal received, however, exception remains as most recent appraisal was not received 3 business days priore to closing and waiver was notsigned.


Seller Comment (2022-03-08): [Redact] [Redact] - Please see appraisal delivered [Redact] per your request


Reviewer Comment (2022-03-03): D178  Disclosure Tracking Summary reports the first appraisal was provided to the borrower [Redact]. Please provide the appraisal completed prior to [Redact].


Seller Comment (2022-02-28): [Redact] [Redact] -  The report in AIQ that shows the date of [Redact] is the XML report. The appraisal we sent and is the copy of the report is dated [Redact]. No other copies of the appraisal was provided, just XML


Reviewer Comment (2022-02-22): The appraisal delivery document is for the Initial Appraisal.  Provide the appraisal delivery document for the Revised/Final Appraisal Report dated [Redact].


Seller Comment (2022-02-18): [Redact] [Redact] - Appraisal Delivery confirmation -


Seller Comment (2022-02-18): [Redact] [Redact] - appraisal delivered
 03/15/2022 2 B AL Primary Purchase C B A A C B A A Non QM Non QM No
217053218 437220988 24678936 Credit Loan Package Documentation Application / Processing Loan Package Documentation Loan originated as Primary residence, yet URLA declarations indicates borrower will not occupy. - Provided corrected 1003 showing the borrower intends to occupy the property as the primary residence. Reviewer Comment (2022-02-24): Initial and final 1003s reflect the Borrower will be occupying the subject property as his primary residence. Exception cleared.


Seller Comment (2022-02-22): • Final 1003 with the declarations updated to reflect the borrower will be occupying the subject
 02/24/2022 1 A CA Primary Refinance - Cash-out - Other C B C B C B A A Non QM Non QM No
217053218 437220988 24701080 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-24): Initial 1003 provided. Exception cleared.


Seller Comment (2022-02-22): initial 1003
 02/24/2022 1 A CA Primary Refinance - Cash-out - Other C B C B C B A A Non QM Non QM No
217053218 437220988 24701781 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date Truth in Lending Act:  Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). Provide Certified Copy of the Final Settlement Statement from First American Title Company that shows the disbursement date of[redacted].  Settlement Statement provided is not a Certified Copy. Reviewer Comment (2022-03-03): Client provided Final CD dated [Redact].


Seller Comment (2022-02-28): • COC CD signed by the borrower on [Redact]


Reviewer Comment (2022-02-24): Changed circumstance included in file verifies a CD with an issue date of [Redact]. Provide a copy of the [Redact] CD signed by Borrower.  Exception remains.


Seller Comment (2022-02-22): Settlement statement
 03/03/2022 1 A CA Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B C B C B A A Non QM Non QM Yes
217053218 437220988 24701874 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Fee Tolerance exceeded. Total amount of[redacted] exceeds tolerance of[redacted] plus [redacted] or[redacted]  Insufficient or no cure was provided to the borrower. Disclosure Tracking Detail Report shows there was a Closing Disclosure issued[redacted] and another on[redacted].  These CDs are not in the file.  Provide the missing CDs.  Additional exceptions may result once missing documents have been reviewed. Reviewer Comment (2022-02-23): [Redact] upon further review received Corrected PCCD, LOE, Mailing Label and copy of refund Check.


Seller Comment (2022-02-22): • Refund check, UPS shipping label, LOE, & PCCD
 02/23/2022 2 B CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
217053218 437220988 24702863 Credit Credit Miscellaneous Guideline Credit Exception: The borrower had [redacted] check per the business bank statements used for income. A Lender Exception was provided. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has owned the subject property for at least x years.

The qualifying DTI on the loan is at least xx% less than the guideline maximum.		 Reserves: [redacted]
Guideline Requirement: [redacted]

Documentation Type: [redacted]
Disposable Income: [redacted]

DTI: [redacted]
Guideline Maximum DTI: [redacted]		 Originator,Owner

Owner

Originator,Owner

Owner

Owner,Originator		 Reviewer Comment (2022-02-08): Lender Exception Approval for excessive NSF checks.
 02/08/2022 2 B CA Primary Refinance - Cash-out - Other C B C B C B A A Non QM Non QM No
217054608 437221403 24683318 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-14): Received initial 1003.  Exception cleared


Seller Comment (2022-02-10): initial 1003
 02/14/2022 1 A NJ Primary Purchase C A C A C A A A Non QM Non QM No
217054608 437221403 24683661 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted]business days prior to closing. No proof borrower received CD at least [redacted] business days prior to closing. Initial CD dated [redacted]not included in file. Disclosure Tracking Summary verifies sent on [redacted]. Reviewer Comment (2022-02-11): [Redact] received [Redact] CD,


Seller Comment (2022-02-10): Initial CD
 02/11/2022 1 A NJ Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
217054608 437221403 24683755 Credit Guideline Guideline Issue Guideline Loan does not meet minimum income documentation requirements. - Borrower's start date with current employer, XXXX, not verified. VVOE included in file does not include company name or borrower's start date with this employer. Reviewer Comment (2022-03-04): VVOE for [Redact] verifying start date received. Exception cleared.


Seller Comment (2022-03-01): VVOE


Reviewer Comment (2022-02-28): The VVOE provided is the same VVOE included in the file. The VVOE does not include employer name. Provide employer specific VVOE verifying [Redact] current employment. Exception remains.


Seller Comment (2022-02-24): VOE


Reviewer Comment (2022-02-23): Received the same VVOE as already in file, with start date added. Please provide update with employer name for the borrower at [Redact]


Seller Comment (2022-02-18): VOE
 03/04/2022 1 A NJ Primary Purchase C A C A C A A A Non QM Non QM No
217054608 437221403 24684710 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided Uniform Underwriting and Transmittal Summary Form 1008 not included in file. Reviewer Comment (2022-02-28): 1008 provided. Exception cleared.


Seller Comment (2022-02-24): 1008


Reviewer Comment (2022-02-23): Please provide the 1008.
 02/28/2022 1 A NJ Primary Purchase C A C A C A A A Non QM Non QM No
217054611 437220211 24682188 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-14): Lender provided the initial 1003. This issue is cleared.


Seller Comment (2022-02-10): [Redact]- [Redact] - initial 1003 for review
 02/14/2022 1 A CO Primary Purchase C A A A C A A A Non QM Non QM No
217054611 437220211 24682834 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within[redacted]business days of application. Disclosure Tracking Summary verifies a LE sent to Borrower on[redacted]which is not included in the file. Provide initial LE dated [redacted] Reviewer Comment (2022-02-11): [Redact] received the initial LE, exception is cleared.


Seller Comment (2022-02-10): [Redact] [Redact] - Attached LE for review
 02/11/2022 1 A CO Primary Purchase C A A A C A A A Non QM Non QM No
217054611 437220211 24683025 Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Timing ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within[redacted] days of the loan application date. Failed to have the Appraisal Disclosure within [redacted]days of the loan application date. Disclosure Tracking Summary verifies a LE sent to Borrower on [redacted] which is not included in the file. Provide initial LE dated [redacted] or the Right to Receive Copy of Appraisal Disclosure dated within xx days of application. Reviewer Comment (2022-02-11): [Redact] received the initial LE, exception is cleared.
 02/11/2022 1 A CO Primary Purchase C A A A C A A A Non QM Non QM Yes
217054611 437220211 24684232 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure[redacted]t Fee Tolerance exceeded for Transfer Tax.  Fee Amount of[redacted] exceeds tolerance o[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Lender cure of[redacted] provided at closing to accommodate the fee tolerance being exceeded. Reviewer Comment (2022-02-02): Sufficient Cure Provided At Closing
 02/02/2022 1 A CO Primary Purchase Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
217055100 437220597 24697865 Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within 10 business days of the Note. - Borrower has been employed in the same industry for more than x years. Lender Exception provided with Comp Factors for Re-Grade and Waive. Originator,Owner Reviewer Comment (2022-03-30): Lender Exception provided with Comp Factors for Re-Grade and Waive.


Reviewer Comment (2022-03-30): Post Close TWN employment and income verification dated [Redact]. Lender Exception provided.


Seller Comment (2022-03-29): [Redact] attached


Seller Comment (2022-03-29): VOE attached
 03/30/2022 2 B MA Investment Purchase C B C B A A A A N/A Exempt from ATR No
217055268 437220205 24685873 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-14): Initial 1003 provided.  Exception cleared.


Seller Comment (2022-02-10): [Redact] -  [Redact] - Initial 1003 for review
 02/14/2022 1 A IN Primary Purchase B A A A B A A A Non QM Non QM No
217055375 437221097 24705409 Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - Not Tested As Primary The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Second Home).  Determination has not been made as to whether the loan would be High Cost and/or HPML if ran as a Primary Residence. The initial 1003 indicates that borrower intends to occupy the subject  property as a primary residence. The final 1003 section 4 was corrected to indicate as a second home, however, the declarations section 5 A, Will you occupy the property as your primary residence? reflects Yes. Please provide LOE. Reviewer Comment (2022-03-09): Received updated documents.


Seller Comment (2022-03-07): Please see the attached 1003. Please note the borrower correction and initial on Page 5.


Reviewer Comment (2022-02-16): Rec'd Borrower attestation of Yes marked in error; still missing corrected and signed 1003.  Exception to remain


Seller Comment (2022-02-14): Please see the attached Borrower Attestation LOE addressing residency.
 03/09/2022 1 A MD Second Home Purchase C B C A C B A A Non QM Non QM No
217055375 437221097 24705412 Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure:[redacted] Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus[redacted] or [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Ten percent fee tolerance exceeded by[redacted] and a cure of[redacted] was provided. Reviewer Comment (2022-02-03): Sufficient Cure Provided At Closing
 02/03/2022 1 A MD Second Home Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
217055375 437221097 24705413 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted]Fee Tolerance exceeded for Title - Abstract / Title Search.  Fee Amount of[redacted]exceeds tolerance of[redacted]  Sufficient or excess cure was provided to the borrower at Closing. Zero percent fee tolerance exceeded by[redacted] and a cure of[redacted]was provided. Reviewer Comment (2022-02-03): Sufficient Cure Provided At Closing
 02/03/2022 1 A MD Second Home Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
217055375 437221097 24705430 Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. - Initial 1003  Application indicated subject property occupancy as Primary. Final 1003 corrected subject property occupancy to Second Home, however the Declarations Section A, Will you occupier the property as your primary residence? was answered Yes. Please provide LOE. Reviewer Comment (2022-03-09): Corrected documents received.


Seller Comment (2022-03-07): [Redact] [Redact] Uploaded Final 1003 w/borr correction and initials to investor//


Reviewer Comment (2022-02-16): Rec'd Borrower attestation of Yes marked in error; still missing corrected and signed 1003.  Exception to remain


Seller Comment (2022-02-14): Please see the attached Borrower Attestation LOE addressing residency.
 03/09/2022 1 A MD Second Home Purchase C B C A C B A A Non QM Non QM No
217055375 437221097 24998902 Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - Higher Priced as Primary The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Second Home). If tested as primary residence, loan exceeds one or more HPML thresholds. Additional compliance testing required to determine if loan would be a compliant or non-compliant HPML. Reviewer Comment (2022-03-14): Seller Acknowledges Exception.


Seller Comment (2022-03-10): We acknowledge this exception and request it be waived without compensating factors. Condition Grade 2.


Seller Comment (2022-03-10): Seller requests buyer review: We acknowledge this exception and request it be waived without compensating factors. Condition Grade 2.
 03/14/2022 2 B MD Second Home Purchase C B C A C B A A Non QM Non QM No
217055375 437221097 25026213 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Please provide the mortgage statement or equivalent documentation for the [redacted] property. Reviewer Comment (2022-03-29): Received Mortgage statement and HUD for property "[Redact]." Exception cleared


Seller Comment (2022-03-28): Please see the attached mortgage statement and HUD for [Redact]
 03/29/2022 1 A MD Second Home Purchase C B C A C B A A Non QM Non QM No
217055377 437220740 24764324 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided Please provide required Fraud Report/Background check. Reviewer Comment (2022-02-17): Fraud report received; exception cleared.


Seller Comment (2022-02-15): covered in the DRIVE report
 02/17/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217055377 437220740 24764325 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide required Fraud Report/Background check. Reviewer Comment (2022-02-16): Received and associated Fraud report. Exception cleared.


Seller Comment (2022-02-15): Fraud Report Cleared.
 02/16/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217055377 437220740 24764331 Credit Credit Credit Documentation Credit Missing Document: OFAC not provided OFAC was not on the Credit Report and the Fraud Report/Background check was not provided in file. Reviewer Comment (2022-02-17): Fraud report received; exception cleared.


Seller Comment (2022-02-15): covered in the DRIVE report
 02/17/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217055377 437220740 24764855 Credit Credit Credit Documentation Credit OFAC was not checked and required per guidelines. - Missing Fraud Report Reviewer Comment (2022-02-17): Fraud report received; exception cleared.


Seller Comment (2022-02-15): covered in the DRIVE report
 02/17/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217055397 437220692 24707874 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted] Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-02-04): Sufficient Cure Provided At Closing
 02/04/2022 1 A CA Primary Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
217055889 437220822 24710369 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Discount Points were last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for the loan amount increase on [redacted] nor evidence of a cure in file. Provide a post-close CD disclosing the tolerance cure, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Reviewer Comment (2022-03-03): [Redact] received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund Check.


Seller Comment (2022-03-02): PCCD, LOE, proof of delivery and copy of  refund check provided.
 03/03/2022 2 B CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
217055889 437220822 24713775 Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Loan amount exceeds[redacted]% purchase maximum loan amount is[redacted] for the [redacted] program. Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.		 Residual income [redacted] or more. Lender Exception provided with Comp Factors for Re-Grade and Waive. Owner

Owner

Owner,Originator		 Reviewer Comment (2022-03-09): Exception approved with comp factors.


Seller Comment (2022-03-08): Exception approval for loan amount and reserves conditions.
 03/09/2022 2 B CA Primary Purchase C B C B C B A A Non QM Non QM No
217055889 437220822 24713776 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Minimum reserves required for a loan amount exceeding[redacted] is[redacted]months [redacted]. Borrower only reflected [redacted] months reserves. Borrower has verified disposable income of at least $xxxx.xx. Residual income [redacted] or more. Lender Exception provided with Comp Factors for Re-Grade and Waive. Owner,Originator Reviewer Comment (2022-03-14): Lender Exception provided with Comp Factors for Re-Grade and Waive.


Seller Comment (2022-03-09): Previously uploaded Exception Approval includes reserve amount as acceptable.  Please review and clear.
 03/14/2022 2 B CA Primary Purchase C B C B C B A A Non QM Non QM No
217055889 437220822 24929803 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance o[redacted].  Sufficient or excess cure was provided to the borrower. Reviewer Comment (2022-03-03): Sufficient Cure Provided within 60 Days of Closing
 03/03/2022 1 A CA Primary Purchase C B C B C B A A Non QM Non QM Yes
217056052 437221549 24718267 Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided Note provided is not signed by borrower Reviewer Comment (2022-02-18): Received and associated  Note - Subject Lien , signed by borrower. Exception cleared.


Seller Comment (2022-02-17): Note
 02/18/2022 1 A NY Investment Refinance - Cash-out - Other D A D A A A No
217056052 437221549 24718496 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003 Please provide fully executed final 1003. Reviewer Comment (2022-02-21): Received Final 1003. Exception Cleared


Seller Comment (2022-02-17): Final 1003
 02/21/2022 1 A NY Investment Refinance - Cash-out - Other D A D A A A No
217056052 437221549 24718497 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Assignment of Leases/Rents not provided Please provide Assignment of Leases/Rents if not provided on Security Instrument or Riders to the Security Instrument. Reviewer Comment (2022-02-23): 1-4 Family Rider including Assignment of Leases and Assignment of Rents verbiage provided. Exception cleared.
 02/23/2022 1 A NY Investment Refinance - Cash-out - Other D A D A A A No
217056052 437221549 24718498 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide fully executed Business Purpose Certification with verification that any proceeds will be used for business purposes. Reviewer Comment (2022-02-23): Executed Borrower Certification as to Business purpose provided. Exception cleared.


Seller Comment (2022-02-18): business purpose certificate
 02/23/2022 1 A NY Investment Refinance - Cash-out - Other D A D A A A No
217056052 437221549 24718500 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided Please provide fully executed and Notarized Security Instrument with all required riders. Reviewer Comment (2022-02-21): Received Security Instrument. Exception cleared


Seller Comment (2022-02-17): Security Instrument and Rider
 02/21/2022 1 A NY Investment Refinance - Cash-out - Other D A D A A A No
217056052 437221549 24718673 Credit Investment Product General Exception Investment Product Security Instrument Error: Assignment of Leases/Rents is not in the file and required by guidelines - Please provide Assignment of Leases/Rents if not provided on Security Instrument or Riders to the Security Instrument. Reviewer Comment (2022-02-28): xxxx Family Rider and Lease Agreement provided. Exception c
cleared.


Seller Comment (2022-02-24): Lease
 02/28/2022 1 A NY Investment Refinance - Cash-out - Other D A D A A A No
217056052 437221549 24723349 Credit Missing Document General Missing Document Missing Document: HUD/CD not provided Please provide fully executed final CD or Title Co. Closing Statement.  CD in file is not signed. Reviewer Comment (2022-02-23): Final CD issued [Redact] and executed [Redact] for subject transaction provided. Exception cleared.


Seller Comment (2022-02-17): Final CD
 02/23/2022 1 A NY Investment Refinance - Cash-out - Other D A D A A A No
217056054 437221551 24718862 Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - Guidelines require most recent asset statements covering a [redacted]day period.  Only[redacted] month bank statement in file.  Please provide additional consecutive statement to cover a [redacted]day period for Acct #[redacted]. Loan file only contains statement ending[redacted]. Reviewer Comment (2022-03-01): Bank statement received.


Seller Comment (2022-02-25): Bank Statement
 03/01/2022 1 A NJ Investment Purchase C A C A A A No
217057723 437221028 24697023 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Verification of Borrower's previous employment with [redacted] not included in the file. Missing[redacted]and[redacted] W2 Transcripts. Reviewer Comment (2022-03-07): Completed VVOE for previous employment received. Exception cleared.


Seller Comment (2022-03-03): VVOE re-upload


Reviewer Comment (2022-02-25): Wage and Income Transcripts for [Redact] and [Redact]. The VVOE form provided is blank. Provide a completed VVOE verifying Borrower's previous employment. Exception remains.


Seller Comment (2022-02-23): • VVOE for borrowers prior employment
 03/07/2022 1 A NJ Primary Purchase C A C A A A A A Non QM Non QM No
217057723 437221028 24697080 Credit Guideline Guideline Issue Guideline Loan does not meet minimum income documentation requirements. - Verification of Borrower's previous employment with XXXX not included in the file. Missing[redacted]and[redacted] W2 Transcripts. Reviewer Comment (2022-02-25): Wage and Income Transcripts provided for [Redact] and [Redact]. Exception cleared.


Seller Comment (2022-02-23): • [Redact] & [Redact] W2 transcripts
 02/25/2022 1 A NJ Primary Purchase C A C A A A A A Non QM Non QM No
217057723 437221028 24701214 Credit Asset Asset Documentation Asset Asset Issue:  Gift funds are missing evidence of receipt [redacted] gift letter states funds provided at the time of closing. Gift funds are not specified on the final CD and documentation verifying Donor's funds transfer not provided. Reviewer Comment (2022-02-25): Wire confirmation provided verifying $[Redact] gift sent directly to closing by donor. Exception cleared.


Seller Comment (2022-02-23): Wire receipt confirming the gift funds of [Redact]
 02/25/2022 1 A NJ Primary Purchase C A C A A A A A Non QM Non QM No
217057724 437220198 24699811 Compliance Compliance Federal Compliance Federal Defect (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of [redacted]% is in excess of the allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees of [redacted]on a Federal Total Loan Amount of [redacted]vs. an allowable total of [redacted] (an overage of [redacted] Non-Compliant High Cost Loan. Amount exceeds allowable threshold of[redacted]% Reviewer Comment (2022-03-02): Client provided rate sheet showing undiscounted rate and bona find discount fee.


Seller Comment (2022-03-01): [Redact] [Redact] - Sent attached doc for  UDR used was[Redact], 1% bona fide and we have attached a screenshot of the rate sheet.  - please review - not sure if uploaded or not
thank you
Paula


Seller Comment (2022-02-25): [Redact] [Redact] -
 03/02/2022 1 A FL Primary Refinance - Cash-out - Other (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. C A C A C A A A Non QM Non QM Yes
217057724 437220198 24699812 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on[redacted][redacted], prior to[redacted]business days from transaction date of[redacted] Based on the latest complete CD in file issued on[redacted], the Disbursement date was[redacted]. Eligible Disbursement date per signed RTC in file is [redacted]. Reviewer Comment (2022-02-24): Final executed CD provided verifying [Redact] disbursement date. Exception cleared.
 02/24/2022 1 A FL Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C A C A C A A A Non QM Non QM Yes
217057724 437220198 24702427 Credit Missing Document General Missing Document Incomplete Document: Closing Disclosure is incomplete CD in file with a closing date of [redacted]and signed by borrower on [redacted] is incomplete.  Final CD signed by borrower is missing from file.  Provide all CDs provided to borrower and evidence of the dates they were received. Reviewer Comment (2022-02-24): Final executed CD verified loan disbursed on [Redact]. Exception cleared.


Seller Comment (2022-02-22): [Redact] [Redact] - Final CD
 02/24/2022 1 A FL Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
217057725 437221619 24703918 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - UW Income Analysis Worksheet not included in file. Provide [redacted] worksheet verifying the asset accounts and method used for qualifying. Reviewer Comment (2022-02-18): Worksheet received.


Seller Comment (2022-02-11): income worksheet
 02/18/2022 1 A WA Primary Purchase C A C A A A A A Non QM Non QM No
217057727 437220934 24704147 Compliance Compliance State Compliance Misc. State Level xxxx CMPA Home Loan Toolkit Status xxxx Consumer Mortgage Protection Act:  Home Loan Toolkit not provided to borrower. Home Loan Toolkit not provided to the borrower. Reviewer Comment (2022-02-28): Client provided documentation showing URL link to the Home Loan Toolkit was provided to borrower on xx/xx/xxxx.


Seller Comment (2022-02-24): • Initial Disclosure Package Cover Letter which Includes the Link for the Home Loan Toolkit for the Borrower to Download


Reviewer Comment (2022-02-16): The Disclosure Tracking Details was received. However, most of the documents sent have "Esign" across from the document, on the right side of the Tracking Details. For Tool Kit is states "None". Please document the Tool Kit was sent and received by the borrower.


Seller Comment (2022-02-11): Last document on disclosure tracking reflects borrower was provided with the Home loan Toolkit.
 02/28/2022 1 A MI Primary Refinance - Cash-out - Other C A C A B A A A Non QM Non QM No
217057727 437220934 24704335 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Verification of Taxes and Insurance not provided for [redacted] Reviewer Comment (2022-02-28): Client provided Tax document and note that insurance is not carried on property since it is owned free and clear.


Seller Comment (2022-02-24): • Property detail report and transaction history confirming the annual taxes - Insurance is not required due to the property being owned free & clear


Reviewer Comment (2022-02-16): No new docs received. Please provided verification of Taxes and Insurance for the [Redact] property.
 02/28/2022 1 A MI Primary Refinance - Cash-out - Other C A C A B A A A Non QM Non QM No
217057749 437221013 24700986 Property Valuation Valuation Issue Valuation The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal Desk Review provided by XXXX is for a review on an earlier appraisal report by a different appraiser. Desk Review is for an appraisal report with an effective date of [redacted] by an appraiser named [redacted]. The appraisal report provided for review has an effective date of [redacted]by an appraiser named [redacted]. Provide updated Desk Review on the most recent appraisal report used at origination. Reviewer Comment (2022-03-10): CDA dated [Redact] with an effective date of [Redact] received. Exception cleared


Seller Comment (2022-03-08): • CDA for the appraisal that was effective [Redact]
 03/10/2022 1 A CA Primary Purchase C B A A B B C A Non QM Non QM No
217057749 437221013 24701239 Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount o[redacted]exceeds tolerance of[redacted]plus[redacted] or[redacted] Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-02-03): Sufficient Cure Provided At Closing
 02/03/2022 1 A CA Primary Purchase Final CD evidences Cure C B A A B B C A Non QM Non QM Yes
217057749 437221013 24743775 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant[redacted]business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least [redacted] days prior to closing. Reviewer Comment (2022-03-09): Seller acknowledges exception.


Seller Comment (2022-03-08): Seller requests buyer review: Please waive this exception with no grade change
 03/09/2022 2 B CA Primary Purchase C B A A B B C A Non QM Non QM No
217057751 437221051 24702374 Compliance Compliance Federal Compliance Federal Defect (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of[redacted] is in excess of the allowable maximum of [redacted]of the Federal Total Loan Amount. Points and Fees of[redacted]on a Federal Total Loan Amount o[redacted] vs. an allowable total of [redacted] (an overage of [redacted]  Non-Compliant High Cost Loan. Provide evidence of Bona Fide Discount Points (Undiscounted Interest Rate and the Undiscounted Interest Rate Price). Reviewer Comment (2022-02-24): Client provided screen shot showing undiscounted rate and bona fide discount point information.


Seller Comment (2022-02-18): Rate sheet


Seller Comment (2022-02-18): • Lock information from the L.O.S. confirming the Undiscounted Rate and Bona Fide Discount Points
 02/24/2022 1 A CA Primary Purchase (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. C B A A C B A A Non QM Non QM Yes
217057751 437221051 24744347 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant[redacted] business days prior to consummation. The Disclosure Tracking Summary Report shows the appraisal was sent to the borrower[redacted]  The presumed date of receipt is[redacted] which is the same as the Note date.  Appraisal was not received by borrower at lease xx business days prior to consummation. Reviewer Comment (2022-02-23): Seller elects to waive this exception with no grade change.


Seller Comment (2022-02-18): Seller requests buyer review: Please waive this exception with no grade change
 02/23/2022 2 B CA Primary Purchase C B A A C B A A Non QM Non QM No
217058034 437221554 24708827 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Please provide the underwriters income worksheet (1084). Reviewer Comment (2022-03-03): Client provided Business Bank Statement income worksheet.


Seller Comment (2022-02-28): income worksheet
 03/03/2022 1 A CA Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
217058034 437221554 24710427 Compliance Compliance Miscellaneous Compliance Compliance Other Compliance Exception (Manual Add) A CPA/EA/licensed tax preparer letter or equivalent document verifying self-employment must be
provided in all cases. We are missing proof the business/Applicant are active and/or in good standing.		 Reviewer Comment (2022-03-03): Client provided verification the business is open and active.


Seller Comment (2022-02-28): S/E VOE attached
 03/03/2022 1 A CA Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM Yes
217058036 437221569 24703594 Credit Guideline Guideline Issue Guideline Loan does not meet minimum income documentation requirements. - There is no VOE for [redacted] a [redacted]year work history must be verified Reviewer Comment (2022-03-30): VVOE dated [Redact] with internet search attached received.


Seller Comment (2022-03-28): VOE completed [Redact] and is on the bottom of page one..


Reviewer Comment (2022-03-21): Trailing 3rd Party Verification for [Redact] is not dated; must evidence being obtained prior to closing; exception remains


Seller Comment (2022-03-16): Docs to clear condition
 03/30/2022 1 A CA Primary Purchase C B C A C B A A Non QM Non QM No
217058036 437221569 24703863 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Please provide the underwriters income worksheet or 1084 Reviewer Comment (2022-03-04): UW Income Analysis Worksheets received for both[Redact] and [Redact]. UW Income Analysis Worksheets received for both of[Redact]income streams. Exception cleared.


Seller Comment (2022-03-01): income worksheet
 03/04/2022 1 A CA Primary Purchase C B C A C B A A Non QM Non QM No
217058036 437221569 24703873 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Loan file missing P&L and Balance Sheet for co borrower's self employment as well as Business Tax Transcripts dated pre-close. Reviewer Comment (2022-03-25): [Redact]:  Exception cleared [Redact].


Seller Comment (2022-03-23): P & L & Balance Sheet


Reviewer Comment (2022-03-04): Business Tax Transcripts dated [Redact] received. Provide [Redact] P&L and Balance Sheet for [Redact] and Business Tax Transcripts dated on or before [Redact] Note date.


Seller Comment (2022-03-01): § Business tax transcripts are attached, they are dated [Redact], Note date is [Redact] & Disbursement date is [Redact]…  what are you asking for to clear this condition
§ Also, to confirm, you are asking for "[Redact]" P&L and Balance Sheet, correct?
 03/25/2022 1 A CA Primary Purchase C B C A C B A A Non QM Non QM No
217058036 437221569 24704024 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least[redacted]business days prior to closing, and appraisal was not provided at or before closing. The borrower signed an appraisal waver, however there is no proof that the appraisal was sent to the borrower. Reviewer Comment (2022-03-09): Seller acknowledges exception.


Seller Comment (2022-03-08): Seller requests buyer review: lvl 2 condition, please waive


Reviewer Comment (2022-03-03): The appraisal delivery document shows the appraisal was emailed to borrower on [Redact].  The presumed date of receipt is [Redact].  The appraisal was not received by borrower at least three business days prior to consummation.


Seller Comment (2022-03-01): appr proof
 03/09/2022 2 B CA Primary Purchase C B C A C B A A Non QM Non QM No
217058036 437221569 24704025 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least[redacted]business days prior to closing, and appraisal was not provided at or before closing. The borrower signed an appraisal waver, however there is no proof that the appraisal was sent to the borrower. Reviewer Comment (2022-03-09): Seller acknowledges exception.


Seller Comment (2022-03-08): Seller requests buyer review: lvl 2 condition, please waive


Reviewer Comment (2022-03-03): The appraisal delivery document shows the appraisal was emailed to borrower on [Redact].  The presumed date of receipt is [Redact].  The appraisal was not received by borrower at least three business days prior to consummation.


Seller Comment (2022-03-01): appr proof
 03/09/2022 2 B CA Primary Purchase C B C A C B A A Non QM Non QM No
217058036 437221569 24704027 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure[redacted]Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of[redacted]exceeds tolerance o[redacted] Insufficient or no cure was provided to the borrower. The appraisal fee of [redacted] exceeds the fee of [redacted] disclosed to the borrower on the loan estimate with out a lender credit to cover the cost to cure. Reviewer Comment (2022-03-16): [Redact] received Letter of Explanation, Copy of Refund Check, and Corrected PCCD.


Seller Comment (2022-03-15): PCD with check and proof of mailing
 03/16/2022 2 B CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
217058094 437221570 24710826 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003 Please provide the final 1003. Reviewer Comment (2022-03-22): Trailing doc provided


Seller Comment (2022-03-17): final 1003
 03/22/2022 1 A TX Primary Purchase C A C A C A A A Non QM Non QM No
217058094 437221570 24710971 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Please provide the Underwriter's final  income worksheet or 1084. Reviewer Comment (2022-03-02): Client provided Business Bank Statement UW worksheet.


Seller Comment (2022-02-25): income worksheet
 03/02/2022 1 A TX Primary Purchase C A C A C A A A Non QM Non QM No
217058094 437221570 24711122 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant[redacted] business days prior to consummation. Please provide evidence that the appraisal was sent to the borrower at least[redacted]days prior to closing. Reviewer Comment (2022-02-23): Client provided appraisal delivery document.


Seller Comment (2022-02-17): Appr Proof
 02/23/2022 1 A TX Primary Purchase C A C A C A A A Non QM Non QM No
217058094 437221570 24711123 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR o[redacted] is in excess of allowable threshold of APOR[redacted] or[redacted].  Non-Compliant Higher Priced Mortgage Loan. Reviewer Comment (2022-02-23): Client provided appraisal delivery document.
 02/23/2022 1 A TX Primary Purchase C A C A C A A A Non QM Non QM No
217058094 437221570 24711124 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant[redacted]business days prior to consummation. Please provide evidence that the appraisal was sent to the borrower at least[redacted]days prior to closing. Reviewer Comment (2022-02-23): Client provided appraisal delivery document.
 02/23/2022 1 A TX Primary Purchase C A C A C A A A Non QM Non QM No
217058095 437221409 24721460 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Please provide the underwriter's income analysis worksheet. Reviewer Comment (2022-02-23): Received.


Seller Comment (2022-02-17): income worksheets
 02/23/2022 1 A CA Primary Refinance - Rate/Term C A C A C A A A Non QM Non QM No
217058095 437221409 24721695 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted]business days prior to consummation. Provide evidence that each valuation was provided to the borrower at least[redacted]days prior to closing. Reviewer Comment (2022-02-23): Received borrower receipt.


Seller Comment (2022-02-17): Both appraisals delivered in same email
 02/23/2022 1 A CA Primary Refinance - Rate/Term C A C A C A A A Non QM Non QM No
217058095 437221409 24721696 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applican[redacted] business days prior to consummation. Provide all appraisals and evidence that they were sent to the borrower at least[redacted]days prior to closing Reviewer Comment (2022-02-23): Received borrower receipt.


Seller Comment (2022-02-17): Both appraisals delivered in same email
 02/23/2022 1 A CA Primary Refinance - Rate/Term C A C A C A A A Non QM Non QM No
217058095 437221409 24723566 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [redacted]of[redacted] on Final Closing Disclosure provided on[redacted]not accurate. Please provide a post closing CD reflecting the correct amount of estimated property costs over year. The final CD reflects[redacted] months insurance of[redacted] The file has a Dwelling Insurance Policy Declaration page from XXXX that reflects an annual premium of [redacted]  There is also an Evidence of Property Insurance fromXXXX that shows the premium amount is [redacted].  Clarify which insurance document is correct. Reviewer Comment (2022-02-25): Amount on page four correctly disclosed to borrower.


Seller Comment (2022-02-23): • [Redact] #[Redact]$[Redact] a yr, $[Redact] a mo W/ EFFECTIVE DATE [Redact] - [Redact] PAYMENT PLAN, LAST PAID [Redact], $[Redact] PAID AT CLOSING
• [Redact] #[Redact] $[Redact]a yr, $[Redact] a mo W/ EFFECTIVE DATE OF [Redact] -[Redact], ZERO BALANCE DUE
• Property Taxes: $[Redact] a yr, $[Redact] a mo
• HOA Dues: $[Redact] a yr, $[Redact] a mo


Seller Comment (2022-02-23): • [Redact] #[Redact] $[Redact] a yr, [Redact] a mo W/ EFFECTIVE DATE [Redact] - [Redact] PAYMENT PLAN, LAST PAID [Redact], $[Redact] PAID AT CLOSING
• [Redact] #[Redact] $[Redact] a yr, $[Redact] a mo W/ EFFECTIVE DATE OF [Redact] -[Redact], ZERO BALANCE DUE
• Property Taxes: $[Redact] a yr, $[Redact] a mo
• HOA Dues: $[Redact] a yr, $[Redact] a mo


Seller Comment (2022-02-23): • [Redact] #[Redact] $[Redact] a yr, $[Redact] a mo W/ EFFECTIVE DATE [Redact] - [Redact] 3PAYMENT PLAN, LAST PAID [Redact], $[Redact] PAID AT CLOSING
• [Redact] #[Redact] [Redact] a yr, $[Redact] a mo W/ EFFECTIVE DATE OF [Redact] -[Redact], ZERO BALANCE DUE
• Property Taxes: $[Redact] a yr, $[Redact] a mo
• HOA Dues: $[Redact] a yr, $[Redact] a mo


Seller Comment (2022-02-23): • [Redact] #[Redact] $[Redact] a yr, $[Redact] a mo W/ EFFECTIVE DATE [Redact] - [Redact] PAYMENT PLAN, LAST PAID [Redact], $[Redact] PAID AT CLOSING
• [Redact] SE #[Redact] $[Redact] a yr, $[Redact] a mo W/ EFFECTIVE DATE OF [Redact] -[Redact], ZERO BALANCE DUE
• Property Taxes: $[Redact] a yr, $[Redact] a mo
• HOA Dues: $[Redact] a yr, $[Redact] a mo
 02/25/2022 1 A CA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C A C A C A A A Non QM Non QM Yes
217058480 437220929 24725648 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:[redacted]Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of [redacted] exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. The Survey fee fee was not disclosed to the borrower on the loan estimate but it appeared on the closing disclosure with no cure provided.  There is no valid Change of Circumstance in the file to support the addition of this fee. Reviewer Comment (2022-03-09): [Redact] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected PCCD.


Seller Comment (2022-03-07): • Refund check, UPS shipping label, LOE, & PCCD
 03/09/2022 2 B NJ Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
217060093 437220522 24718805 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:[redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of[redacted] exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. No cure or changed circumstance provided. Reviewer Comment (2022-03-02): [Redact] received LE dated [Redact]and valid COC dated [Redact],[Redact].


Seller Comment (2022-03-01): COC to CD uploaded for review
COC and LE dated [Redact] uploaded for review
 03/02/2022 1 A FL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
217060093 437220522 24718806 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount o[redacted] exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. No cure or changed circumstance provided. Reviewer Comment (2022-03-25): [Redact] received Letter of Explanation, Copy of Refund Check, and Corrected PCCD.


Seller Comment (2022-03-24): PC CD - Refund Check - Letter to Borrower attached


Reviewer Comment (2022-03-02): [Redact] received COC dated [Redact] but upon further review need additional information to justify the reason why fee was increased on LE dated [Redact] or need cure.


Seller Comment (2022-03-01): COC to CD


Seller Comment (2022-03-01): COC and LE Date [Redact]
 03/25/2022 2 B FL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
217060102 437220594 24723560 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Purchase Agreement / Sales Contract not provided Reviewer Comment (2022-03-11): Received and associated Purchase Agreement. Exception Cleared.


Seller Comment (2022-03-09): Please see Purchase Agreement attached
 03/11/2022 1 A FL Primary Purchase D A D A A A A A Non QM Non QM No
217061167 437220659 24709883 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide the business purpose certificate. Reviewer Comment (2022-03-10): Received Business Purpose Certificate document and Associated. Exception Cleared.


Seller Comment (2022-03-08): Non-QM Borrower Cert attached
 03/10/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
217061169 437220691 24723640 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided Please provide the Underwriter's final 1008, the 1008 that is in imaging doesn't match the income on the final 1003 or the underwriter's income worksheet. Reviewer Comment (2022-03-22): Received Loan Underwriting and Transmittal Summary (1008) on [Redact], Exception Cleared


Seller Comment (2022-03-21): 1008 & 1003 attached
 03/22/2022 1 A CA Primary Purchase C A C A A A A A Non QM Non QM No
217061170 437220792 24788970 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:[redacted]Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of[redacted]exceeds tolerance o[redacted]  Insufficient or no cure was provided to the borrower. Please provide clarification as to why the second valuation was not present on the initial LE. No VCC present in the file. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-03-07): [Redact] Received PCCD, LOE, Refund Check and Proof of Mailing.


Seller Comment (2022-03-03): Copy of refund check uploaded.


Reviewer Comment (2022-03-02): [Redact] received corrected PCCD, LOE and proof of mailing however, we does not receive copy of refund check to the borrower.
Kindly provide the same to cure this exception.


Seller Comment (2022-03-01): Proof of Delivery, PCCD and LOE uploaded.
 03/07/2022 2 B FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
217061233 437220635 24712714 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-03-04): Client provided signed copy of Business Purpose Certificate.


Seller Comment (2022-03-04): Non-QM Cert attached


Reviewer Comment (2022-03-04): Documents are not received.


Seller Comment (2022-03-03): Please see Non-QM Borrower Cert attached
 03/04/2022 1 A FL Investment Purchase C A C A A A No
217061233 437220635 24712731 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-03-28): Received Fraud Report, Exception Cleared


Seller Comment (2022-03-25): Fraudguard attached
 03/28/2022 1 A FL Investment Purchase C A C A A A No
217061233 437220635 24719331 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Non-Owner Occupancy Declaration not provided Please forward the Occupancy Cert. Reviewer Comment (2022-03-04): Client provided copy of signed Occupancy Certification.


Seller Comment (2022-03-04): OCC Cert attached


Seller Comment (2022-03-03): Please see Occupancy Cert attached
 03/04/2022 1 A FL Investment Purchase C A C A A A No
217061349 437220509 24722261 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted]exceeds tolerance of[redacted]  Insufficient or no cure was provided to the borrower. The Loan Discount Points Fee of [redacted] wasn't disclosed to the borrower on the Loan Estimate, there was no lender credit to cover the cost to cure. Please provide  valid change of circumstance for the addition of this fee or a PCCD, copy of refund check, copy of letter of explanation sent to the borrower and proof of delivery. Reviewer Comment (2022-02-28): [Redact] received valid COC and LE hence no further action required


Seller Comment (2022-02-24): COC and redisclosed LE
 02/28/2022 1 A NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
217061351 437220600 24721114 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - The property is free and clear but additional document is required to verify the housing expenses( Insurance and Taxes). Reviewer Comment (2022-03-22): As per Lender Guideline for method one calculation, Taxes, Insurance and HOA dues for non subject properties do not need to be document, Exception Cleared


Seller Comment (2022-03-21): See memo attached
 03/22/2022 1 A CA Investment Refinance - Rate/Term C A C A A A A A N/A Exempt from ATR No
217061351 437220600 24755289 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Missing May and June[redacted] bank statements for account ending [redacted]. Reviewer Comment (2022-03-23): Rec'd missing account statements for [Redact] and [Redact]; 6 months consecutive now provided.


Seller Comment (2022-03-21): [Redact] & [Redact] bank statements attached
 03/23/2022 1 A CA Investment Refinance - Rate/Term C A C A A A A A N/A Exempt from ATR No
217061357 437220626 24721416 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide signed Business Purpose Certificate. Reviewer Comment (2022-03-04): Client provided signed Business Purpose Certificate.


Seller Comment (2022-03-03): Non-QM Borrower Cert attached
 03/04/2022 1 A CA Investment Purchase C A C A A A No
217061671 437220299 24724411 Compliance Compliance State Compliance State HPML xxxx Rate Spread Threshold Test Compliant xxxx Rate Spread Home Loan: APR on subject loan of[redacted] or Final Disclosure APR of[redacted] is in excess of allowable threshold of APOR[redacted], or [redacted].  Compliant Rate Spread Home Loan. APR on subject loan of [redacted] or Final Disclosure APR of[redacted] is in excess of allowable threshold of APOR[redacted], or [redacted]. Compliant Rate Spread Home Loan. Reviewer Comment (2022-02-23): Seller acknowledges exception.
 02/23/2022 2 B NC Primary Purchase Within 90 days of closing and prior to institution of any action against the lender, (1) notify the borrower, and (2) make appropriate restitution at the option of the borrower to either (a) make the loan comply with prohibited acts and practices or (b) change the terms of the loan in a manner beneficial to the borrower so the loan is no longer rate spread.  

(Narrow Defense - Requires CHD Approval)
Within 120 days of discovery , which compliance failure was not intentional and resulted from a bona fide error,  creditor must: (1) provide Lender Attestation to AMC attesting the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how rate spread home loan was made despite procredures to prevent); (2) notify the borrower, and make appropriate restitution at the option of the borrower to either (a) make the loan comply with prohibited acts and practices or (b) change the terms of the loan in a manner beneficial to the borrower so the loan is no longer rate spread.		 C B B B C B A A Non QM Non QM Yes
217061671 437220299 24728822 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least [redacted] days prior to closing or that the borrower signed the 72-hour waiver. Reviewer Comment (2022-02-23): Seller acknowledges exception.
 02/23/2022 2 B NC Primary Purchase C B B B C B A A Non QM Non QM No
217061671 437220299 24728823 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted]or Final Disclosure APR of[redacted]is in excess of allowable threshold of APOR[redacted], or[redacted].  Non-Compliant Higher Priced Mortgage Loan. Reviewer Comment (2022-03-01): Client provided appraisal delivery document.


Seller Comment (2022-02-25): see attached
 03/01/2022 1 A NC Primary Purchase C B B B C B A A Non QM Non QM No
217061671 437220299 24728824 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applican[redacted] business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least[redacted] days prior to closing or that the borrower signed the 72-hour waiver. Reviewer Comment (2022-03-01): Client provided appraisal delivery document.


Seller Comment (2022-02-25): see attached
 03/01/2022 1 A NC Primary Purchase C B B B C B A A Non QM Non QM No
217061671 437220299 24728894 Credit Guideline Guideline Issue Guideline Missing required income documentation . - Approved lender exception provided waiving the XXXX years of 1099 transcripts for both borrowers. Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has been employed in the same industry for more than x years.		 Both Borrowers have been employed by the same company since [redacted].

Both Borrowers have been employed with the same company since [redacted].		 Owner

Owner

Originator Pre-Close,Owner

Owner,Originator Pre-Close		 Reviewer Comment (2022-02-10): Lender exception approved; unable to obtain 1099 transcripts.


Reviewer Comment (2022-02-08): Approved lender exception provided waiving the two years of 1099 transcripts for both borrowers.
 02/10/2022 2 B NC Primary Purchase C B B B C B A A Non QM Non QM No
217061671 437220299 24728895 Credit Guideline Guideline Issue Guideline Missing required income documentation . - Approved lender exception provided waiving the XXXX years of 1099 transcripts for both borrowers. Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has been employed in the same industry for more than x years.		 Both Borrowers have been employed by the same company since [redacted].

Both Borrowers have been employed with the same company since [redacted].		 Owner

Owner

Originator Pre-Close,Owner

Owner,Originator Pre-Close		 Reviewer Comment (2022-02-10): Lender exception approved; unable to obtain 1099 transcripts.


Reviewer Comment (2022-02-08): Approved lender exception provided waiving the two years of 1099 transcripts for both borrowers.
 02/10/2022 2 B NC Primary Purchase C B B B C B A A Non QM Non QM No
217061671 437220299 24728942 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___
___		 Two years 1099 transcripts not provided for both Borrowers. Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has been employed in the same industry for more than x years.		 Both Borrowers have been employed by the same company since [redacted].

Both Borrowers have been employed with the same company since [redacted].		 Owner

Owner

Originator Pre-Close,Owner

Owner,Originator Pre-Close		 Reviewer Comment (2022-02-10): Lender exception approved; unable to obtain 1099 transcripts.


Reviewer Comment (2022-02-08): Approved lender exception provided waiving the two years 1099 transcripts for both borrowers.
 02/10/2022 2 B NC Primary Purchase C B B B C B A A Non QM Non QM No
217061671 437220299 24913279 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of revised valuation to applicant [redacted] business days prior to consummation. Appraisal delivered to borrowers on[redacted] which is less than xx business days prior to consummation. Reviewer Comment (2022-03-08): Seller acknowledges exception.


Reviewer Comment (2022-03-04): The document uploaded is not acceptable as it states both that the borrowers received the appraisal and also that the borrowers waived the right to review the appraisal report at least three business days prior to closing.  Because both statements are present, the purpose of the document is unclear.


Seller Comment (2022-03-04): see attached


Seller Comment (2022-03-01): Seller requests buyer review: unable to clear will accept grade
 03/08/2022 2 B NC Primary Purchase C B B B C B A A Non QM Non QM No
217061672 437220300 24727673 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Reviewer Comment (2022-02-28): Client provided Post Disaster Inspection Report and photos dated [Redact].  Property did not suffer damage from remnants of [Redact].


Seller Comment (2022-02-24): attached
 02/28/2022 1 A PA Primary Purchase C B C A C B A A Non QM Non QM No
217061672 437220300 24727751 Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least[redacted]business days prior to closing. A revised Loan Estimate was issued [redacted].  LE was not signed  by the borrower acknowledging receipt.  The presumed date of receipt is[redacted] Reviewer Comment (2022-02-24): [Redact] received proof of earlier receipt


Seller Comment (2022-02-23): see attached
 02/24/2022 1 A PA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
217061672 437220300 24765328 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant[redacted] business days prior to consummation. Provide appraisal delivery document. Reviewer Comment (2022-02-23): Seller acknowledges exception.
 02/23/2022 2 B PA Primary Purchase C B C A C B A A Non QM Non QM No
217061755 437220943 24725405 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. The Residential Lease Agreement between[redacted]and[redacted] shows the tenant residing at [redacted] but the rental premises address is shown as [redacted].  Provide lease agreement showing the correct premises address. Reviewer Comment (2022-03-02): Client provided correct lease showing the correct rental premises address.


Seller Comment (2022-03-01): • Lease with the correct rental premises address
 03/02/2022 1 A NJ Primary Purchase Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM Yes
217061755 437220943 24725407 Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Due to missing lease agreement. Reviewer Comment (2022-03-02): Client provided correct lease showing the correct rental premises address.
 03/02/2022 1 A NJ Primary Purchase C A C A C A A A Non QM Non QM No
217061755 437220943 24725416 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted]business days prior to closing. The only CD found in the file was issued [redacted].  Provide copy of the Initial CD provided to the borrower at least xx business days prior to closing. Reviewer Comment (2022-03-02): [Redact] received [Redact] CD


Seller Comment (2022-03-01): Initial CD
 03/02/2022 1 A NJ Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
217061755 437220943 24765652 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - REO 25% Method Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income ([redacted]) using reasonably reliable third-party records. The Residential Lease Agreement between [redacted] and[redacted] shows the tenant residing at[redacted]but the rental premises address is shown as [redacted] Provide lease agreement showing the correct premises address. Reviewer Comment (2022-03-02): Client provided correct lease showing the correct rental premises address.


Seller Comment (2022-03-01): • Lease with the correct rental premises address
 03/02/2022 1 A NJ Primary Purchase C A C A C A A A Non QM Non QM No
217061755 437220943 24765730 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - The Residential Lease Agreement between [redacted]and[redacted] shows the tenant residing at [redacted]but the rental premises address is shown as [redacted].  Provide lease agreement showing the correct premises address. Reviewer Comment (2022-03-02): Received Lease Agreement with rental property address [Redact]x, verified and associated the document, hence exception cleared.


Seller Comment (2022-03-01): • Lease with the correct rental premises address
 03/02/2022 1 A NJ Primary Purchase C A C A C A A A Non QM Non QM No
217061756 437220947 24725475 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA/Condo Questionnaire.  Fee Amount of[redacted] exceeds tolerance of[redacted]  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-02-07): Sufficient Cure Provided At Closing
 02/07/2022 1 A CA Primary Refinance - Rate/Term Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
217061756 437220947 24725484 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted]) business days prior to closing. The initial Closing Disclosure dated[redacted] not included in the file. Disclosure Tracking Details verify initial CD delivered to borrower on [redacted].  Provide copy of Initial CD that was issued[redacted]. Reviewer Comment (2022-02-14): [Redact] received [Redact] CD.


Seller Comment (2022-02-14): initial CD
 02/14/2022 1 A CA Primary Refinance - Rate/Term No Defined Cure C A A A C A A A Non QM Non QM No
217061757 437220950 24727744 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. Disclosure Tracking Summary Report shows the Initial Closing Disclosure was sent [redacted].  This document was not found in the file.  Please provide copy of the Initial CD that was issued [redacted]. Reviewer Comment (2022-02-17): [Redact] received [Redact] CD.


Seller Comment (2022-02-16): Disclosure tracking


Seller Comment (2022-02-16): initial CD
 02/17/2022 1 A CA Primary Refinance - Cash-out - Other No Defined Cure C A A A C A A A Non QM Non QM No
217061758 437220951 24726018 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year[redacted]of[redacted]on Final Closing Disclosure provided on [redacted] not accurate. Amount of Estimated Property Costs over Year [redacted]of [redacted]on Final Closing Disclosure provided on [redacted] does not match the loan calculated property cost of [redacted].  Annual insurance premium is [redacted]; annual taxes are [redacted].  Provide PCCD with corrected amounts on page 1 and page 4 of the CD. Reviewer Comment (2022-03-16): [Redact] has received PCCD reflecting correct property cost figures.


Seller Comment (2022-03-15): • LOE and PCCD with correct estimated property costs over 1 year


Reviewer Comment (2022-03-09): "[Redact] Property costs reflected on Final CD of [Redact] Loan file indicates Costs of [Redact]. The itemized costs ([Redact]tax/[Redact]ins) total [Redact]/ month. Please provide PCCD and LOE to cure the exception.


Seller Comment (2022-03-07): Seller requests buyer review: Please waive this exception with no grade change
 03/16/2022 2 B CA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
217061758 437220951 24726025 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at leas[redacted] business days prior to closing. The Disclosure Tracking Summary Reports shows the Initial CD was issued [redacted].  This CD was not found in the file.  Provide a copy of the Initial CD that was issued [redacted]. Reviewer Comment (2022-02-28): [Redact] received initial CDs.


Seller Comment (2022-02-25): • COC CD from [Redact]


Seller Comment (2022-02-25): • Initial CD from [Redact]
 02/28/2022 1 A CA Primary Refinance - Rate/Term No Defined Cure C B A A C B A A Non QM Non QM No
217061758 437220951 24726027 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on[redacted], prior to[redacted] business days from transaction date of[redacted] Subject loan transaction disbursed on [redacted], prior to xx x business days from transaction date of[redacted].  Re-open Rescission and provide corrected Right to Cancel, PCCD, letter of explanation to the borrower and proof of delivery.  If the actual disbursement date is other than [redacted] provide a Certified Copy of the Final Settlement Statement from the closing company that clearly shows the correct date of disbursement.  A screen shot or other document from the Funding Department showing the correct date of disbursement is also acceptable. Reviewer Comment (2022-03-01): Client provided Certified Copy of Final Settlement Statement showing disbursement date of [Redact].


Seller Comment (2022-02-25): • Certified Settlement Statement confirming the loan disbursed on [Redact]
 03/01/2022 1 A CA Primary Refinance - Rate/Term TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B A A C B A A Non QM Non QM Yes
217061758 437220951 24890519 Compliance Compliance Federal Compliance TRID Defect TRID Interim Closing Disclosure Timing Test TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after [redacted] contains a change in APR and was not received by borrower at least[redacted] business days prior to consummation XXXX received initial CDs however the APR increased from[redacted] to [redacted] on the [redacted] CD. Receipt is not indicated therefore the receipt date is [redacted](mailbox rule), less than 3 business days prior to consummation of [redacted]. Please provide receipt if available. Reviewer Comment (2022-03-09): [Redact] received signed [Redact] CD


Seller Comment (2022-03-07): • Signed CD from [Redact]
 03/09/2022 1 A CA Primary Refinance - Rate/Term TRID timing exception, no remediation available. C B A A C B A A Non QM Non QM No
217062908 437220153 24873233 Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. There was a wire transfer of[redacted] from account[redacted] on [redacted] leaving a balance in that account of [redacted].  Unable to determine where those funds were transferred to or if they were used for closing. Reviewer Comment (2022-03-24): Received LOX from closing agent confirming the receipt of a wire in amount of [Redact] dated [Redact] for cash to close. Verified sufficient funds for closing . Exception Cleared.


Seller Comment (2022-03-22): [Redact] [Redact] - Attached is a letter from closing agent addressing the incoming wire.


Reviewer Comment (2022-03-01): Received wire transfer details for $[Redact]. However, unable to verify the details whether the funds transferred from borrowers account as account number and transfer date is not available. Also, Account Statement [Redact] shows transfer is in process and not completed. Please provide valid wire transfer document with transfer date. Exception remains.


Seller Comment (2022-02-28): [Redact] [Redact] -  Proof wire was transferred to title company.
 03/24/2022 1 A FL Investment Purchase C A C A A A No
217062911 437220964 24724590 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Please provide sufficient coverage to satisfy the Loan Amount or Estimated cost new as indicated on the appraisal, or provide the Replacement Cost Estimator indicating the coverage is sufficient. Reviewer Comment (2022-03-01): Received


Seller Comment (2022-02-25): • HOI confirming 100% replacement cost
 03/01/2022 1 A NY Investment Purchase C A C A A A No
217066391 437221058 24722384 Credit Investment Product General Investment Product REO property does not have a lease in place and required by guidelines. - Per the appraisal, the subject property was rented and tenant occupied. Please forward the subject property Lease. Reviewer Comment (2022-03-15): Rec'd leases in trailing docs; exception cleared.


Seller Comment (2022-03-11): Lease LOE


Seller Comment (2022-03-11): Lease #2


Seller Comment (2022-03-11): Lease #1


Seller Comment (2022-03-11): • Lease LOE and expired leases


Reviewer Comment (2022-03-01): Please provide the expired Leases that convert to Month to Month, as alluded to in the correspondence LOE, and are required in Guidelines ([Redact]/Refinance).


Seller Comment (2022-02-25): • Copy of [Redact] [Redact] lease requirements on refinance transactions


Seller Comment (2022-02-25): • Evidence of receipt of rents


Seller Comment (2022-02-25): Lease LOE
 03/15/2022 1 A CT Investment Refinance - Cash-out - Other C A C A A A No
217067151 437221556 24727671 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Reviewer Comment (2022-02-23): Replacement Cost Estimate provided. Exception cleared.


Seller Comment (2022-02-17): Insurance
 02/23/2022 1 A NY Investment Purchase C A C A A A No
217067152 437221559 24727231 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Please provide a replacement cost estimator reflecting [redacted]or provide an updated hazard insurance policy with dwelling coverage of[redacted] Hazard insurance coverage shortfall of [redacted] Reviewer Comment (2022-03-10): Replacement cost estimate received.


Seller Comment (2022-03-08): RCE


Reviewer Comment (2022-02-28): If they do not provide a RCE then they need to meet the UPB or 100% of the insurable value of the improvements as established by the appraisal.


Seller Comment (2022-02-24): [Redact] is a state that does not allow for RCE


Reviewer Comment (2022-02-16): Please provide a replacement cost estimate not exceeding [Redact] or evidence of insurance covering a minimum [Redact] in A coverage. This issue remains open. Note: Lender provided communication from the agent stating coverage is only to the[Redact] (Coverage A) face amount.


Seller Comment (2022-02-15): email for HOI agent
 03/10/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
217067154 437221187 24729583 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year[redacted] of [redacted] on Final Closing Disclosure provided on [redacted]not accurate. Appraiser states the monthly dues are[redacted]and the lender disclosed monthly dues of[redacted] Provide documentation verifying [redacted] monthly dues and/or assessments. Reviewer Comment (2022-02-16): Letter of Explanation & Corrected Closing Disclosure provided on [Redact]. Exception cured.


Seller Comment (2022-02-15): see attached pccd docs
 02/16/2022 2 B CT Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
217067154 437221187 24738439 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least[redacted] business days prior to closing, and appraisal was not provided at or before closing. Provide the appraisal delivery document for the Revised/Final Appraisal Report dated[redacted]. Reviewer Comment (2022-02-18): Seller Acknowledges Exception.


Seller Comment (2022-02-17): please review and waive.


Seller Comment (2022-02-15): Seller requests buyer review: grade 2 condition, please waive.
 02/18/2022 2 B CT Primary Purchase C B A A C B A A Non QM Non QM No
217067159 437221388 24738666 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. The 1008 reflects a DTI of[redacted]%. Based on the documentation provided, there is a DTI of[redacted]. Provide documentation supporting the [redacted] DTI or an updated 1003 and 1008 valXXXXting the [redacted] DTI. Income [redacted], total debt [redacted] Reviewer Comment (2022-03-03): New 1008 and  new final 1003s received verifying the updated details based on the CD dated [Redact] for [Redact] refinance. Exception cleared.


Seller Comment (2022-02-28): Please see attached.  Borrowers did another transaction on the owner occupied home paying off debt [Redact] .  Figures updated in the subject.  1008, 1003, payoffs


Reviewer Comment (2022-02-16): The following used:  Bwr 1 income: [Redact] SS, [Redact] SE.  Bwr 2: [Redact] SS.  Primary residence PITP [Redact], subject investment negative cash flow [Redact] and consumer debt [Redact]


Seller Comment (2022-02-15): Can you plesae provide information as to where the figures you are coming up with for the income and debt.  thank you
 03/03/2022 1 A HI Investment Refinance - Rate/Term C B C B A A A A N/A Exempt from ATR No
217067159 437221388 24740828 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - VVOE dated [redacted] states CPA  Statement confirming business still open and active, however a CPA statement is not included in the file. Provide documentation referenced on VVOE and required by guidelines.. Reviewer Comment (2022-03-03): VVOE not being used, since CPA letter not include in the file. Hawaii tax license search verifies borrower's continues to pay taxes on his business. Exception cleared


Seller Comment (2022-03-02): updated VOE and license
 03/03/2022 1 A HI Investment Refinance - Rate/Term C B C B A A A A N/A Exempt from ATR No
217067159 437221388 24741104 Credit Credit Miscellaneous Guideline Credit Exception: None of the issued LEs are included in the file. Provide the initial LE issued based on the Borrower's executed Acknowledgement of Receipt of Loan Estimate dated[redacted]and the LEs issued based on the LE Changed Circumstances included in the file dated [redacted] and [redacted]. Reviewer Comment (2022-02-16): Received all issued LEs.  Exception cleared


Seller Comment (2022-02-15): [Redact] LE


Seller Comment (2022-02-15): initial LE
 02/16/2022 1 A HI Investment Refinance - Rate/Term C B C B A A A A N/A Exempt from ATR No
217067159 437221388 24790201 Credit Guideline Guideline Issue Guideline Housing history reflects lates that do not meet guidelines Housing is [redacted] at closing due to missed balloon payment. Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has owned the subject property for at least x years.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.		 Originator,Owner

Owner

Owner

Originator,Owner		 Reviewer Comment (2022-02-14): Lender Exception with Comp Factors provided for regrade and waive.
 02/14/2022 2 B HI Investment Refinance - Rate/Term C B C B A A A A N/A Exempt from ATR No
217067163 437221577 24731862 Credit Missing Document General Missing Document Missing Document: Desk Review not provided Please provide the secondary valuation as required. Reviewer Comment (2022-02-25): 2055 dated [Redact] with a value of $[Redact], which exceeds the appraised value of $[Redact] by a difference of less than 10%. Exception cleared.


Seller Comment (2022-02-23): New construction and they couldnt do a CDA so attached please find a 2055


Reviewer Comment (2022-02-23): GLs state if CU score exceeds 2.5, a CDA supporting value must be provided. [Redact] CU score is 3.6. Provide a CDA supporting [Redact]. Exception remains.


Seller Comment (2022-02-16): desk review
 02/25/2022 1 A MT Second Home Purchase C B C A B B A A Non QM Non QM No
217067163 437221577 24734609 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant[redacted] business days prior to consummation. Provide appraisal delivery document for the Revised/Final Appraisal Report dated [redacted] Reviewer Comment (2022-02-23): Drive By dated [Redact] delivered to Borrower on [Redact].


Seller Comment (2022-02-16): appr proof
 02/23/2022 1 A MT Second Home Purchase C B C A B B A A Non QM Non QM No
217067163 437221577 24790234 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least[redacted]business days prior to closing, and appraisal was not provided at or before closing. Provide appraisal delivery document for the Revised/Final Appraisal Report dated [redacted]. Reviewer Comment (2022-02-17): Proof of receipt of appraisal after report date provided in trailing documents. Exception cleared.


Seller Comment (2022-02-16): appr proof
 02/17/2022 1 A MT Second Home Purchase C B C A B B A A Non QM Non QM No
217067163 437221577 24862547 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least[redacted]business days prior to closing, and appraisal was not provided at or before closing. Appraisal delivery proof of[redacted]provided. Loan closed[redacted]. Provide proof appraisals sent to the borrower at last[redacted]days prior to closing and/or that the borrower acknowledged receipt. Reviewer Comment (2022-03-04): Seller acknowledges exception.


Seller Comment (2022-03-01): Seller requests buyer review: lvl 2 condition, please waive
 03/04/2022 2 B MT Second Home Purchase C B C A B B A A Non QM Non QM No
217069049 437220665 24733889 Credit Missing Document General Missing Document Missing Document: Stated not provided Please provide The Mortgage Loan Payoff Statement from XXXX to verify the amount paid off at closing. Reviewer Comment (2022-03-07): Payoff statement received. Exception cleared.


Seller Comment (2022-03-03): payoff
 03/07/2022 1 A GA Primary Refinance - Cash-out - Other C A C A B A A A Non QM Non QM No
217069049 437220665 24743296 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least[redacted]business days prior to closing, and appraisal was not provided at or before closing. Provide all appraisals and evidence they were all sent to the borrower at least 3 days prior to closing. Reviewer Comment (2022-03-09): Cleared. Deliver document provided.


Seller Comment (2022-03-08): App Ack [Redact]


Reviewer Comment (2022-03-07): Received waiver already included in the file. Provide Borrower acknowledgment of appraisal receipt at least 3 days prior to closing. Exception remains.


Seller Comment (2022-03-03): App Waiver
 03/09/2022 1 A GA Primary Refinance - Cash-out - Other C A C A B A A A Non QM Non QM No
217072702 437221141 24733247 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided Please forward the Consolidated Note and the Consolidation, Extension and Modification Agreement (Form 3172). Reviewer Comment (2022-02-16): Received security instrument document on [Redact], Exception Cleared


Seller Comment (2022-02-15): see attached cema docs
 02/16/2022 1 A NY Investment Refinance - Rate/Term D A D A A A No
217073664 437221059 24796363 Credit Credit Miscellaneous Guideline Credit Exception: Higher lease payments used instead of lower Market Rents. The representative FICO score exceeds the guideline minimum by at least xx points.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.		 From Lender

From Lender		 Originator,Owner

Originator,Owner		 Reviewer Comment (2022-02-15): From Lender
 02/15/2022 2 B CA Investment Purchase B B B B A A No
217073705 437221012 24734544 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure[redacted]Percent Fee Tolerance exceeded for Mortgage Broker Fee.  Fee Amount o[redacted] exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. Mortgage Broker Fee increased from[redacted] Loan Estimate to [redacted] Final Closing Disclosure. No VCC. Provided VCC or cure to the borrower with PC CD and evidence that it was sent to the borrower with an explanation of the changes Reviewer Comment (2022-03-07): [Redact] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Seller Comment (2022-03-04): • Refund check, UPS shipping label, LOE, & PCCD
 03/07/2022 2 B NY Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
217073705 437221012 24734621 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Appraisal Fee increased from [redacted] Loan Estimate to[redacted] Final Closing Disclosure. No VCC. Provide VCC or cure to the borrower with PC CD, and evidence that it was sent to the borrower with an explanation of the changes Reviewer Comment (2022-03-11): [Redact] received Corrected PCCD, Letter of Explanation, Proof of Delivery, Copy of Refund Check


Seller Comment (2022-03-11): • Refund check, UPS shipping label, LOE, and PCCD
 03/11/2022 2 B NY Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
217073705 437221012 24734729 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Flood Certification (Life Of Loan).  Fee Amount of[redacted]exceeds tolerance o[redacted]  Insufficient or no cure was provided to the borrower. Flood Certificate fee increased from [redacted] to Loan Estimate to [redacted]Final Closing Disclosure. No VCC. Provide cure or VCC to the borrower, with PC CD and evidence that it was sent to the borrower with an explanation Reviewer Comment (2022-03-07): [Redact] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Seller Comment (2022-03-04): • Refund check, UPS shipping label, LOE, & PCCD
 03/07/2022 2 B NY Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
217073705 437221012 24734780 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan).  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Tax Service fee increased from [redacted] Loan Estimate to [redacted] Final Closing Disclosure. No VCC. Provide cure or VCC to the borrower with PC CD, with evidence that it was sent with an explanation of the fees Reviewer Comment (2022-03-07): [Redact] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Seller Comment (2022-03-04): • Refund check, UPS shipping label, LOE, & PCCD
 03/07/2022 2 B NY Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
217073705 437221012 24790434 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least[redacted] business days prior to closing, and appraisal was not provided at or before closing. Provide appraisal delivery document showing the report was provided at least xx business days prior to closing. Reviewer Comment (2022-03-01): Client provided appraisal delivery document.


Seller Comment (2022-02-25): • Appraisal tracking confirming the appraisal was delivered to the borrower on [Redact]


Seller Comment (2022-02-25): • Copy of the cover letter and appraisal that were delivered to the borrower
 03/01/2022 1 A NY Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
217073707 437221591 24738432 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: Property is located in a FEMA Disaster area and has been affected by the disaster. Reviewer Comment (2022-02-23): Post Disaster Inspection Report received.


Seller Comment (2022-02-17): disaster inspection
 02/23/2022 1 A TN Primary Purchase C A C A A A A A Non QM Non QM No
217073707 437221591 24743814 Credit Guideline Guideline Issue Guideline Missing employment verification documentation. - Loan file missing verification of borrower's start date for employment. Reviewer Comment (2022-03-04): Client provided VOE dated [Redact] showing borrower's start date fo employment as [Redact].


Seller Comment (2022-03-02): VVOE


Reviewer Comment (2022-02-23): Please provided the UW Worksheet for income calculation and what Method used.
 03/04/2022 1 A TN Primary Purchase C A C A A A A A Non QM Non QM No
217073707 437221591 24743815 Credit Guideline Guideline Issue Guideline Missing required income documentation . - Reviewer Comment (2022-03-16): Rec'd UW Income Analysis worksheet in trailing docs; exception cleared.


Seller Comment (2022-03-15): income calculation worksheet


Reviewer Comment (2022-03-04): This exception is for the UW income calculation worksheet.  Please provide the worksheet showing how income was calculated.


Seller Comment (2022-03-02): VVOE


Reviewer Comment (2022-02-23): Please provided the UW Worksheet for income calculation and what Method used.
 03/16/2022 1 A TN Primary Purchase C A C A A A A A Non QM Non QM No
217073707 437221591 24802436 Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - Please provide[redacted]days statements reflecting transactions for account ending[redacted]. Reviewer Comment (2022-03-04): Client provided copy of wire and closing statement from sale of property.  Funds not needed for purchase of subject were used to open new account [Redact] with [Redact] in the amount of[Redact].


Reviewer Comment (2022-03-04): Client provided copy of wire and closing statement from sale of property.  Funds not needed for purchase of subject were used to open new account [Redact] with [Redact] in the amount of $[Redact].


Seller Comment (2022-03-02): explanation and breakdown of new account sale of home attached


Reviewer Comment (2022-02-23): Please provide 60 days of documentation of assets for acct [Redact].
 03/04/2022 1 A TN Primary Purchase C A C A A A A A Non QM Non QM No
217073708 437221468 24735106 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Reviewer Comment (2022-03-08): [Redact] Cleared. Replacement cost estimator provided.


Seller Comment (2022-03-04): replacement cost


Reviewer Comment (2022-03-04): Please provide sufficient coverage to satisfy the Loan Amount or Estimated cost new as indicated on the appraisal or provide the Replacement Cost Estimator indicating the coverage is sufficient.
 03/08/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
217073708 437221468 24738188 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at leas[redacted] business days prior to closing, and appraisal was not provided at or before closing. Reviewer Comment (2022-03-04): Seller Acknowledges Exception.


Seller Comment (2022-03-03): Seller requests buyer review: lvl 2 condition, please waive


Reviewer Comment (2022-03-02): The primary appraisal was emailed to borrower on [Redact].  The presumed date of receipt is [Redact] which is after the consummation date of [Redact].


Seller Comment (2022-03-01): appr proof
 03/04/2022 2 B CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
217073708 437221468 24738189 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Reviewer Comment (2022-03-02): Client provided appraisal delivery document.


Seller Comment (2022-03-01): appr proof
 03/02/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
217073708 437221468 24738190 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on[redacted] prior to[redacted] business days from transaction date of[redacted] Provide evidence (Certified Closing Statement from the title co., or screen shot of Funding Dept showing disbursement) the loan disbursed after[redacted], or re-open rescission, provide copy of new right to cancel form, copy of letter of explanation sent to borrower, and proof of delivery. Reviewer Comment (2022-03-02): Client provided a Certified Copy of the Final Settlement Statement showing the disbursement date of [Redact].


Seller Comment (2022-03-01): certified Final SS
 03/02/2022 1 A CA Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B C A C B A A Non QM Non QM Yes
217073709 437221532 24726913 Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. - Co-Borrower indicated in Section 5: Declarations.5A that she will be occupying the subject property as her primary residence on both the initial and final 1003s. Occupancy Cert signed by Co-Borrower attested to occupancy as second home. Reviewer Comment (2022-03-01): Client provided revised 1003 showing property will not be occupied as primary residence.


Seller Comment (2022-02-25): corrected 1003
 03/01/2022 1 A FL Second Home Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
217073709 437221532 24736193 Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Timing ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within[redacted]days of the loan application date. The file is missing the right to receive a copy of appraisal Reviewer Comment (2022-02-22): [Redact] received [Redact] Initial LE


Seller Comment (2022-02-18): appr proof
 02/22/2022 1 A FL Second Home Refinance - Cash-out - Other C B C A C B A A Non QM Non QM Yes
217073709 437221532 24736201 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within [redacted]business days of application. Affiliated Business Arrangement Disclosure dated/delivered [redacted] to applicants in excess of[redacted]) business days after the[redacted]date of application. Reviewer Comment (2022-04-28): Aggregator acknowledges exception.


Reviewer Comment (2022-04-08): Please provide a copy of the ABA Disclosure that was sent to the borrower on [Redact] that has the borrower's signature on the document.


Reviewer Comment (2022-03-04): Please provide a copy of the ABA Disclosure that was sent to the borrower on [Redact] that has the borrower's signature on the document.


Seller Comment (2022-03-02): The Affiliated Bus Disclosure was sent to the borrower on [Redact].


Reviewer Comment (2022-02-25): The Initial 1003 is dated [Redact].  The ABA Disclosure was not provided to the borrowers until [Redact].  The disclosure was not provided within three business days after the initial application date.  The exception remains.


Seller Comment (2022-02-23): ABA disclosure
 04/28/2022 2 B FL Second Home Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
217073709 437221532 24736228 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year[redacted] of[redacted] on Final Closing Disclosure provided on[redacted] not accurate. Valuation reports the HOA dues in the amount of [redacted] annually. The final CD discloses the HOA dues of [redacted] annually[redacted]. Lender to provide documentation supporting annual dues disclosed on final or provide the borrower with a PC CD reflecting the changes and evidence it's sent to the Borrower with an explanation of changes. Reviewer Comment (2022-02-23): [Redact] received PCCD and LOE; exception is cured.


Reviewer Comment (2022-02-23): Per conversations with outside counsel, exceptions related to non-escrowed property costs on page 4 of the CD may be regraded to an EV2


Seller Comment (2022-02-18): PCCD with cover letter
 02/23/2022 2 B FL Second Home Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
217073709 437221532 24736244 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within [redacted] business days of application. The Initial Loan Estimate is not included in the file. Provide all LEs delivered to the borrowers. Reviewer Comment (2022-02-22): [Redact] received Initial LE which is within three days of initial application.


Seller Comment (2022-02-18): All LEs
 02/22/2022 1 A FL Second Home Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
217073709 437221532 24795725 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant[redacted]business days prior to consummation. Provide appraisal delivery document for the Revised/Final Appraisal Report dated[redacted] Reviewer Comment (2022-03-04): Seller elects to waive exception with no grade change.


Seller Comment (2022-03-03): Seller requests buyer review: lvl 2 condition, please waive
 03/04/2022 2 B FL Second Home Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
217073995 437221110 24738243 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided Reviewer Comment (2022-03-04): Received Form SS-4. Exception Cleared.


Seller Comment (2022-03-03): Please see attached
 03/04/2022 1 A FL Investment Purchase C A C A A A No
217073995 437221110 24738245 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided Reviewer Comment (2022-03-15): Corporate Resolution received


Seller Comment (2022-03-11): Please see attached
 03/15/2022 1 A FL Investment Purchase C A C A A A No
217073995 437221110 24738248 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided Reviewer Comment (2022-03-04): Received and associated Articles of Organization. Exception cleared.


Seller Comment (2022-03-03): Please see attached
 03/04/2022 1 A FL Investment Purchase C A C A A A No
217073995 437221110 24738249 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided Reviewer Comment (2022-03-14): Received and associated Operating Agreement. Exception Cleared.


Seller Comment (2022-03-11): Please see attached operating agreement
 03/14/2022 1 A FL Investment Purchase C A C A A A No
217073995 437221110 24738257 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Please provide sufficient coverage to satisfy the Loan Amount or Estimated cost new as indicated on the appraisal or provide the Replacement Cost Estimator indicating the coverage is sufficient. Reviewer Comment (2022-02-22): Insurance agent stated they cover 100% replacement costs.


Reviewer Comment (2022-02-17): As property is in [Redact], will need statement (or policy reflecting) from insurer that coverage contains Replacement Coverage and an Insurance Checklist to clear.   Exception remains.


Seller Comment (2022-02-16): Please see attached
 02/22/2022 1 A FL Investment Purchase C A C A A A No
217073995 437221110 24741082 Credit Credit Miscellaneous Guideline Credit Exception: The file contains two different Prepayment Addendums. Provide documentation that confirms the correct Prepayment terms such as Approval, Rate Lock or screen shot that set forth the terms of the prepayment penalty. In the absence of these documents, a written attestation providing the correct terms is acceptable. Reviewer Comment (2022-02-24): System screen print validating the correct prepayment penalty terms provided. Exception cleared.


Seller Comment (2022-02-18): Please reference D0050 which is the correct PPP addendum. It allows for the 20% without a penalty.


Reviewer Comment (2022-02-17): Received printout confirming PPP is[Redact] for 36 months, however the PPP addendum allows for up to 20% prepayment of the total loan amount without a penalty.  The printout provided does not allow for the 20% allowance.  It reflects the maximum PPP of [Redact] which is[Redact] of the total loan amount.  Exception remains.


Seller Comment (2022-02-16): Please see attached,[Redact] is the correct rate.
 02/24/2022 1 A FL Investment Purchase C A C A A A No
217074209 437220919 24741464 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Non-Owner Occupancy Declaration not provided Please forward the signed Occupancy Cert. Reviewer Comment (2022-03-07): Business Purpose Certificate provided which also includes the statement that borrower intends to rent property and will not owner occupy the property.


Seller Comment (2022-03-03): • Borrower Affidavit of Business Purpose
 03/07/2022 1 A CA Investment Purchase C A C A A A No
217074559 437221064 24738656 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided Please provide required Fraud Report/Background check on borrower. Reviewer Comment (2022-03-01): Received.


Seller Comment (2022-02-25): • Data Verify/Fraud Report
 03/01/2022 1 A FL Investment Purchase C A C A A A No
217074559 437221064 24738660 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide required Fraud Report/Background check on borrower. Reviewer Comment (2022-03-01): Fraud Report received and all red flags addressed. Exception cleared.


Seller Comment (2022-02-25): • Data Verify/Fraud Report
 03/01/2022 1 A FL Investment Purchase C A C A A A No
217074568 437221567 24741069 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on[redacted], prior to[redacted]) business days from transaction date o[redacted] Subject loan transaction disbursed on[redacted], prior to [redacted] business days from transaction date of[redacted]. The Cancel date was[redacted]. Re-open Rescission Period and provide PC CD, copy of Letter of Explanation to the borrower and proof of delivery. If the actual disbursement date was not[redacted] provide a Certified Copy of the Final Settlement Statement from the closing company that clearly shows the correct disbursement date. Reviewer Comment (2022-03-01): Client provided Certified Copy of Final Settlement Statement showing disbursement date of [Redact].


Seller Comment (2022-02-25): Certified Final SS reflecting disbursement date of [Redact] attached
 03/01/2022 1 A CA Primary Refinance - Rate/Term TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C A A A C A A A Non QM Non QM Yes
217075033 437221416 24749511 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Reviewer Comment (2022-02-24): Income Calc Worksheet received.


Seller Comment (2022-02-22): Income calculation and analysis worksheet
 02/24/2022 1 A FL Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
217075033 437221416 24750197 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at leas[redacted]usiness days prior to closing. Closing Disclosure not provided to Borrower(s) at least 3 business days prior to closing. Reviewer Comment (2022-02-23): [Redact] received [Redact] CD.


Seller Comment (2022-02-22): Initial CD
 02/23/2022 1 A FL Primary Refinance - Cash-out - Other No Defined Cure C A C A C A A A Non QM Non QM No
217076869 437220758 24741934 Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing. Provide hazard effective at closing, [redacted]. Reviewer Comment (2022-02-15): Client provided Certificate of Property Insurance with policy effective date of [Redact].


Seller Comment (2022-02-11): HOI with an effective date of [Redact] provided. Please clear.
 02/15/2022 1 A FL Primary Purchase D A D A A A A A Non QM Non QM No
217076869 437220758 24742668 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Purchase Agreement / Sales Contract not provided Reviewer Comment (2022-02-25): Purchase agreement for subject property provided. Exception cleared.


Seller Comment (2022-02-23): Purchase Agreement provided.


Reviewer Comment (2022-02-15): Received signed and dated Purchase agreement and '[Redact] Addendum to Real Estate Purchase Agreement' however page 1 and page 2 of '[Redact] Addendum to Real Estate Purchase Agreement' are missing. Please provide the missing page 1 and page. As per final CD, seller paid owner's policy per contract $2,000. Please provide document to support the amount. Exception remains.


Seller Comment (2022-02-11): Purchase Agreement signed by seller and buyer provided. Please clear.
 02/25/2022 1 A FL Primary Purchase D A D A A A A A Non QM Non QM No
217076871 437220669 24788364 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided Security Instrument not provided Reviewer Comment (2022-02-25): Client provided signed copy of Mortgage.


Seller Comment (2022-02-23): Deed
 02/25/2022 1 A FL Investment Purchase D A D A A A A A N/A Exempt from ATR No
217078106 437220710 24742856 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Please provided the CPA Letter showing the expense ratio of[redacted]% that was used to calculate the borrower's income. Reviewer Comment (2022-03-14): CPA letter and most recent account activity printout dated [Redact] same as Note date received.


Seller Comment (2022-03-10): CPA Letter
 03/14/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
217078106 437220710 24743108 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-03-11): Received Fraud report. Exception cleared.


Seller Comment (2022-03-10): DRIVE Report
 03/11/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
217078106 437220710 24743111 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided Reviewer Comment (2022-03-16): Received 1008. Exception Cleared.


Seller Comment (2022-03-15): 1008


Seller Comment (2022-03-14): The Correspondent Seller used the qualifying rate to calculate the DTI on the transmittal.  [Redact] is the P&I based on the index + margin.


Reviewer Comment (2022-03-11): Per final CD and Note P&I [Redact] which is not matching with the P&I [Redact] mentioned on 1008. Please provide clarification on P&I listed on 1008. Exception remains.


Seller Comment (2022-03-10): 1008
 03/16/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
217078106 437220710 24743863 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. The borrower is short funds for reserves, the final 1003 shows a asset total of[redacted]and 2 EMD of [redacted] each, however only [redacted] was verified and there was only 1 EMD on the final Closing Disclosure for [redacted] Reviewer Comment (2022-03-14): CPA letter and most recent account activity printout dated [Redact] same as Note date received.


Seller Comment (2022-03-10): WF
 03/14/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
217078106 437220710 24743864 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - There is no CPA Letter or VOE  provided to verify a [redacted] year work history. Please provide the verification of work history. Reviewer Comment (2022-03-14): CPA letter and most recent account activity printout dated [Redact] same as Note date received.


Seller Comment (2022-03-10): CPA
 03/14/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
217078106 437220710 24744114 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. The loan is failing the ATR due to the employment verification documents wasn't provided. Reviewer Comment (2022-03-14): CPA letter and most recent account activity printout dated [Redact] same as Note date received.
 03/14/2022 1 A CA Primary Purchase Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM Yes
217078106 437220710 24744115 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - Bank Statements Ability-to-Repay (Dodd-Frank 2014): Unable to verify current employment status using reasonably reliable third-party records. The loan is failing the ATR due to the employment verification documents wasn't provided. Reviewer Comment (2022-03-14): CPA letter and most recent account activity printout dated [Redact] same as Note date received.
 03/14/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
217078106 437220710 24744116 Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. The loan is failing the ATR due to the employment verification documents wasn't provided. Reviewer Comment (2022-03-14): CPA letter and most recent account activity printout dated [Redact] same as Note date received.
 03/14/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
217078111 437220567 24742853 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Purchase Agreement / Sales Contract not provided Please provide the subject purchase agreement/sales contract. Reviewer Comment (2022-03-07): Received Purchase Agreement / Sales Contract. Exception cleared.


Reviewer Comment (2022-03-04): Awaiting for the documents to be uploaded.


Seller Comment (2022-03-03): Please see sales contract attached
 03/07/2022 1 A NY Primary Purchase D B D A C B A A Non QM Non QM No
217078111 437220567 24743976 Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. Please provide the rate lock agreement. Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B NY Primary Purchase D B D A C B A A Non QM Non QM No
217078111 437220567 24744056 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien TRID Final Closing Disclosure [redacted] on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) Please provide a post closing CD with all of the buyer and seller fees, and evidence this document has been sent to the borrower. There are no seller fees reflected on the seller's or buyer's CD. Reviewer Comment (2022-03-29): [Redact] received Seller CD.


Seller Comment (2022-03-25): Please see our final cd attached with all seller fees listed


Reviewer Comment (2022-03-23): Rec'd Seller CD; exception to remain due to no seller paid fees reflected on Buyer CD.


Seller Comment (2022-03-22): Seller CD attached


Reviewer Comment (2022-03-17): [Redact] received seller's CD indicating seller only paid adjustments. As the purchase agreement does not indicate if seller is responsible for any closing costs (please reference if [Redact] does, however verbiage was not found) please provide seller's final settlement statement to verify $0 closing costs were paid by seller.


Seller Comment (2022-03-16): Seller CD attached


Reviewer Comment (2022-03-15): [Redact] reviewed exception. It is not clear which document is referenced that has seller fees indicated on page 3. Please provide seller's CD for final settlement statement indicating seller fees.


Seller Comment (2022-03-11): Seller Fees/adjustments were properly disclosed on page 3 - adjustments from Seller [Redact]/ [Redact] Please clear condition
 03/29/2022 1 A NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A C B A A Non QM Non QM Yes
217078111 437220567 24744131 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:[redacted] Percent Fee Tolerance exceeded. Total amount of[redacted]exceeds tolerance of[redacted] plus [redacted] or[redacted]  Insufficient or no cure was provided to the borrower. Please provide a valid change of circumstance, or a post closing CD with a cure of[redacted], and evidence that the document and cure was sent to the borrower. The ten percent fee tolerance is exceeded by [redacted], and no cure was provided. Reviewer Comment (2022-03-21): [Redact] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD


Seller Comment (2022-03-17): PC CD - RF CK - LTB - FEDEX attached
 03/21/2022 2 B NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D A C B A A Non QM Non QM Yes
217078111 437220567 24746124 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Please provide HOA verification for the borrower's second home. Reviewer Comment (2022-03-28): Received updated 1008 . Exception cleared


Seller Comment (2022-03-25): 1008 attached


Reviewer Comment (2022-03-25): As there is no HOA for property "[Redact]" and which result a change in Liabilities, Please provide us updated1008 (with the changes) exception remains.


Seller Comment (2022-03-24): Please see memo attached


Reviewer Comment (2022-03-23): Rec'd an unsigned corrected 1003 removing the additional second home expense.  Please provide a borrower signed copy of corrected 1003.


Seller Comment (2022-03-22): URLA attached


Seller Comment (2022-03-22): Memo attached
 03/28/2022 1 A NY Primary Purchase D B D A C B A A Non QM Non QM No
217078112 437220458 24748447 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:[redacted]Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount o[redacted] exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. Insufficient or no cure was provided to the borrower and there is no valid Change of Circumstance in the file to support the increase in this fee. Reviewer Comment (2022-03-18): [Redact] received COC dated [Redact]


Seller Comment (2022-03-16): Please see [Redact] COC attached updating discount pts t[Redact]
 03/18/2022 1 A NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
217078112 437220458 24758549 Compliance Compliance Federal Compliance TRID Defect TRID Loan Estimate Issue Date Not Provided TILA-RESPA Integrated Disclosure: Loan Estimate estimated to be provided on[redacted] did not disclose the actual Date Issued. Compliance testing may be unreliable using an estimated Date Issued based on best information available. LE does not reflect the issue date nor Borrower receipt date. Provide all LEs issued and delivered to Borrower. Reviewer Comment (2022-03-25): [Redact] received documentation of issue date for initial LE, exception cleared.


Seller Comment (2022-03-24): Initial LE attached


Reviewer Comment (2022-03-24): Please provide copy of initial LE with issue date if available, for testing.


Seller Comment (2022-03-23): Please see snip attached from LOS - Borrower did receive & acknowledge initial LE [Redact]
 03/25/2022 1 A NY Primary Purchase Lender Attestation or other documentation to identify the date the LE was issued C A A A C A A A Non QM Non QM Yes
217078115 437220499 24748152 Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided Reviewer Comment (2022-03-04): Client provided copy of signed Note.


Seller Comment (2022-03-03): Note attached
 03/04/2022 1 A FL Investment Refinance - Rate/Term D A D A A A No
217078115 437220499 24748757 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provided the Business Purpose Cert. Reviewer Comment (2022-03-04): Client provided signed copy of Business Purpose Certificate.


Reviewer Comment (2022-03-04): Documents are not received.


Seller Comment (2022-03-03): Non-QM Borrower Cert attached
 03/04/2022 1 A FL Investment Refinance - Rate/Term D A D A A A No
217080403 437221447 24745065 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant[redacted]business days prior to consummation. Reviewer Comment (2022-02-24): Seller elects to waive this exception with no grade change.


Seller Comment (2022-02-18): Seller requests buyer review: lvl 2 condition, please waive
 02/24/2022 2 B CA Primary Refinance - Cash-out - Other C B C B B B A A Non QM Non QM No
217080403 437221447 24748283 Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Max loan amount for a primary residence cash out refinance with a[redacted] credit score is [redacted]. Loan amount exceeds maximum by[redacted]. A lender approved exception not included in the file. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.		 Borrower's reserves exceeds the [redacted] month minimum.

Borrower's residual exceeds the [redacted] minimum.		 Originator Pre-Close,Owner

Owner

Owner,Originator Pre-Close		 Reviewer Comment (2022-03-02): Lender approved exception in file for exceeding maximum loan amount of[Redact].


Reviewer Comment (2022-03-02): Lender approved exception in file issued for loan amount exceeding maximum of[Redact].


Seller Comment (2022-02-28): Exception request


Reviewer Comment (2022-02-23): We are in receipt of the approval email; however, the Lender Exception Form was not uploaded.  Please provide the Lender Exception that lists the reason for the request and the compensating factors.


Seller Comment (2022-02-17): attached approval and LOE
 03/02/2022 2 B CA Primary Refinance - Cash-out - Other C B C B B B A A Non QM Non QM No
217080406 437220206 24745049 Compliance Compliance State Compliance State HPML xxxx HPML Threshold Test Compliant xxxx Higher-Priced Mortgage Loan: APR on subject loan o[redacted] or Final Disclosure APR of[redacted]is in excess of allowable threshold of APOR[redacted] or [redacted] Compliant Higher Priced Loan. Reviewer Comment (2022-03-15): Seller Acknowledges Exception.


Seller Comment (2022-03-11): [Redact] [Redact]   Please waive the exception with no grade change"


Reviewer Comment (2022-03-02): The Compliance Ease report shows this loan is a Higher Priced Mortgage Loan.


Seller Comment (2022-02-28): [Redact] [Redact] - Please see attached Disclosure Tracking Summary and Appraisal delivered to the borrower on [Redact].
 03/15/2022 2 B MA Primary Purchase No obvious cure B B A A B B A A Non QM Non QM No
217080406 437220206 24803263 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of revised valuation to applicant [redacted] business days prior to consummation. 72 hour Appraisal Waivers not allowed on HPML loans.  Second appraisal not delivered 3 days prior to close. Reviewer Comment (2022-03-02): Client provided appraisal delivery document.


Seller Comment (2022-02-28): [Redact] [Redact] - Please see attached Disclosure Tracking Summary and Appraisal delivered to the borrower on [Redact].
 03/02/2022 1 A MA Primary Purchase B B A A B B A A Non QM Non QM No
217080406 437220206 24848792 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:[redacted] Percent Fee Tolerance exceeded. Total amount o[redacted]exceeds tolerance of [redacted] plus [redacted] or[redacted]  Insufficient or no cure was provided to the borrower. XXXX - [redacted] Tolerance of[redacted]on LE exceeded by[redacted]ie. [redacted] fees on final CD/PCCD is [redacted] Recording fees increased to[redacted] on [redacted] CD, Title - Attorney Fee increased from[redacted]& Title - Document Prep Fee was added for [redacted] on [redacted] CD  & provider is listed on SSPL, hence these fee are subject to [redacted] tolerance. There is no valid CIC for increase. Please provide a valid COC or cure documents. Cure docs consist of PCCD, LOE, copy of check & mailing proof. Reviewer Comment (2022-03-09): [Redact] received PCCD, LOE, proof of mailing & copy of refund check


Seller Comment (2022-03-08): [Redact] [Redact] -  TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided.
 03/09/2022 2 B MA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B B A A B B A A Non QM Non QM Yes
217080406 437220206 24848796 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero[redacted] Percent Fee Tolerance exceeded for Title - Survey Fee.  Fee Amount of [redacted]exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. XXXX - Title - Survey Fee is paid to a different provider other than title service provider. Please provide an attestation that indicates the survey fee was outsourced by the borrower selected provider. Exception will be cleared on cure/resolution received on all open [redacted] & [redacted] exceptions. Reviewer Comment (2022-03-09): [Redact] received attestation hence no further action required


Seller Comment (2022-03-07): [Redact] [Redact] - see attached - Attestation


Reviewer Comment (2022-02-24): [Redact] upon further review require attestation to specify that the survey fee was title required as the payee name for other title fees are different as of survey fee. Please provide attestation.


Seller Comment (2022-02-23): [Redact] - [Redact]  **  ON  [Redact]  -  I have uploaded the following  - PCCD and LOX to borrower correcting the Survey to "title Survey" - xxxx - Cancelled complete - Please review and revise - thank you
 03/09/2022 1 A MA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B B A A B B A A Non QM Non QM Yes
217080847 437221056 24750414 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. The DTI exceeds the 1008 DTI of[redacted] due to the primary residence mortgage payment [redacted]) included in qualifying is less than the most recent mortgage statement provided ([redacted]) resulting in a [redacted] DTI. Provide an updated 1003 and 1008 including the higher mortgage payment. Reviewer Comment (2022-03-01): Received the updated final 1003 with the correct primary housing expense and with rental income for the subject included. DTI < [Redact]. The discrepancy between the actual DTI and 1008 appears to be the Qualification Method. GL Met.


Seller Comment (2022-02-25): Rental Income Worksheet


Seller Comment (2022-02-25): • Updated 1008 with the correct primary housing expense and rental income included in the DTI


Seller Comment (2022-02-25): • Updated final 1003 with the correct primary housing expense and with rental income for the subject included
 03/01/2022 1 A CA Investment Purchase C A C A A A A A N/A Exempt from ATR No
217081023 437220234 24737912 Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. - Rightly updated as per - Final 1003 Reviewer Comment (2022-03-23): Rec'd fully executed and corrected 1003's in trailing docs; exception cleared.


Seller Comment (2022-03-21): [Redact] [Redact] -  fully executed updated Final 1003 reflecting borrower will not occupy as a primary residence.
 03/23/2022 1 A CO Investment Purchase C A C A B A A A N/A Exempt from ATR No
217081023 437220234 24747151 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-02-21): Received Initial 1003. Exception Cleared


Reviewer Comment (2022-02-18): Awaiting for documents to be uploaded.


Seller Comment (2022-02-17): [Redact] [Redact] - Initial 1003 for review
 02/21/2022 1 A CO Investment Purchase C A C A B A A A N/A Exempt from ATR No
217081023 437220234 24747231 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure:[redacted] Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [redacted] exceeds tolerance of[redacted]  Sufficient or excess cure was provided to the borrower at Closing. Lender credit was issued to borrowers in the amount of [redacted] Reviewer Comment (2022-02-10): Sufficient Cure Provided At Closing
 02/10/2022 1 A CO Investment Purchase Final CD evidences Cure C A C A B A A A N/A Exempt from ATR Yes
217081025 437221020 24748017 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Reviewer Comment (2022-03-25): Received dwelling coverages. Invoice already in file.


Seller Comment (2022-03-24): • HOI with the coverage increased to cover the cost new per the appraisal
 03/25/2022 1 A NY Primary Refinance - Cash-out - Other C B C A B B A A Non QM Non QM No
217081025 437221020 24814922 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant[redacted] business days prior to consummation. Provide all appraisals and evidence they were all sent to the borrower at least 3 days prior to closing. Reviewer Comment (2022-03-25): Seller Acknowledges Exception.


Reviewer Comment (2022-03-04): Buyer to review.


Seller Comment (2022-03-03): Seller requests buyer review: Please waive this exception with no grade change
 03/25/2022 2 B NY Primary Refinance - Cash-out - Other C B C A B B A A Non QM Non QM No
217081746 437220646 24763112 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. The appraisal delivery document has been provided for the appraisal dated [redacted] (delivered[redacted]).  Provide appraisal delivery document for the Revised/Final Appraisal Report dated [redacted]. Reviewer Comment (2022-02-23): Seller elects to waive.
 02/23/2022 2 B CA Primary Refinance - Cash-out - Other B B A A B B A A Non QM Non QM No
217081747 437220650 24749473 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide required Fraud Report/Background check. Reviewer Comment (2022-03-24): Received Fraud Report, Exception Cleared


Seller Comment (2022-03-22): Fraud report attached
 03/24/2022 1 A GA Investment Purchase C A C A A A No
217081747 437220650 24749475 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided Please provide required Fraud Report/Background check. Reviewer Comment (2022-03-31): Lender provided a fraud report used for the background check


Seller Comment (2022-03-30): Fraudguard uploaded & cleared [Redact] - please clear condition
 03/31/2022 1 A GA Investment Purchase C A C A A A No
217081747 437220650 24750199 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide fully executed Business Purpose Certificate. Reviewer Comment (2022-03-07): Received signed copy of Business Purpose Certificate. Exception cleared.


Seller Comment (2022-03-04): NON-QM Borrower Cert attached
 03/07/2022 1 A GA Investment Purchase C A C A A A No
217084947 437220365 24791661 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-03-08): [Redact] Cleared document received.


Seller Comment (2022-03-08): Non-QM Borrower Cert attached


Reviewer Comment (2022-03-07): Document yet to be uploaded


Seller Comment (2022-03-04): Non-QM Borrower Cert attached
 03/08/2022 1 A CA Investment Purchase C A C A A A No
217084947 437220365 24791662 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Non-Owner Occupancy Declaration not provided Reviewer Comment (2022-03-08): [Redact] Cleared document received.


Seller Comment (2022-03-08): OCC Cert attached


Seller Comment (2022-03-04): Occupancy Cert attached
 03/08/2022 1 A CA Investment Purchase C A C A A A No
217085069 437220672 24763802 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant[redacted] business days prior to consummation. Provide appraisal delivery document for the appraisal report signed by[redacted]on[redacted] Reviewer Comment (2022-02-23): Seller acknowledges exception.
 02/23/2022 2 B FL Primary Purchase C B C A B B A A Non QM Non QM No
217085069 437220672 24816015 Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided When borrower is renting from a private landlord, the most recent [redacted] months' consecutive cancelled checks (front and back) along with a copy of the lease must be provided.  We are in receipt of a copy of the Lease.  Provide copies of cancelled checks per guidelines. Reviewer Comment (2022-03-08): Client provided 12 months bank statements showing rental payments.


Seller Comment (2022-03-04): see attached


Reviewer Comment (2022-02-28): Per guidelines, a copy of the front and back of cancelled checks is required when borrower rents from a private party.  Cancelled checks have not been provided.  The exception remains.


Seller Comment (2022-02-24): see attached
 03/08/2022 1 A FL Primary Purchase C B C A B B A A Non QM Non QM No
217086508 437221113 24759194 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided Reviewer Comment (2022-02-21): Received 1008, Exception Cleared


Reviewer Comment (2022-02-18): Awaiting documents to be uploaded


Seller Comment (2022-02-18): Good morning. Please refer to the attached 1008.  I ask that you please clear and/or waive this condition. Thank you for your time and consideration.
 02/21/2022 1 A FL Primary Purchase C B C A B B A A Non QM Non QM No
217086508 437221113 24765170 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Provide all appraisals and evidence they were all sent to the borrower at least 3 days prior to closing . Reviewer Comment (2022-02-25): Seller acknowledges exception.


Seller Comment (2022-02-18): Seller requests buyer review: Grade 2
 02/25/2022 2 B FL Primary Purchase C B C A B B A A Non QM Non QM No
217086508 437221113 24825126 Credit Credit Miscellaneous Guideline Credit Exception: A combination of[redacted]months of business bank statements and[redacted] months of personal bank statements have been submitted to document bank statement income.  The guidelines do not allow for a combination of business and personal bank statements.  Provide [redacted] months of either business statements or [redacted]months of personal statements.  In addition, XXXX business account [redacted] shows the account holder is[redacted]  The Business Entity document shows this company is Inactive.  This is not the name of the business listed on the 1003 (T[redacted]).  An explanation and supporting documentation must be provided in order to use this business income. Reviewer Comment (2022-03-01): Client provided LOX for "Comingled Accounts."  Borrower stopped using business account and started using personal account in [Redact].  Letter also addressed business name discrepancy.


Seller Comment (2022-02-25): The name [Redact] is her married name, her Husband is [Redact]. See attached Power of Attorney.  I ask that you please clear and/or waive this from the suspense notice. Thank you very much for your assistance.


Reviewer Comment (2022-02-25): Received forensic underwriting response, however the referenced LOE is not included in the file. Please provide the LOE. [Redact] reflects [Redact] as the owner and [Redact] and [Redact] have not been established as being one in the same individual. The business address appears on her credit report but not the last name of [Redact]. Please verify both are one in the same.


Seller Comment (2022-02-21): Good afternoon. Please review the attached memorandum explaining the[Redact]income. I ask that you please clear and/or waive this. If you are unable to do so, I further request that you have this reviewed by an underwriting manager. Thank you.
 03/01/2022 1 A FL Primary Purchase C B C A B B A A Non QM Non QM No
217086520 437220816 24764433 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please forward the signed Business Purpose Cert. Reviewer Comment (2022-03-21): Received signed Business Purpose Certificate. Exception cleared


Seller Comment (2022-03-18): BPL
 03/21/2022 1 A GA Investment Refinance - Rate/Term C A C A A A No
217089560 437221407 24764416 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. Reviewer Comment (2022-02-25): Homeowners Counseling Organization List provided. Exception cleared.


Seller Comment (2022-02-23): Homeownership Counseling
 02/25/2022 1 A HI Primary Refinance - Cash-out - Other B A A A B A A A Non QM Non QM No
217089562 437220197 24787216 Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided Please provide verification of non-US citizen status. Reviewer Comment (2022-02-24): Client provided Permanent Resident Card for borrower.


Seller Comment (2022-02-23): [Redact] [Redact] -  See attached:  Permanent Resident Card
 02/24/2022 1 A TX Investment Refinance - Cash-out - Other C A C A A A No
217089562 437220197 24788163 Credit Fix and Flip General Fix and Flip Verification of Borrower's identity is missing. - Please provide verification of [redacted] Reviewer Comment (2022-02-24): Client provided Permanent Resident Card for borrower.


Seller Comment (2022-02-22): [Redact] [Redact] - DataVerify - Identity Report


Seller Comment (2022-02-22): [Redact] [Redact] - sent to the investor - USA Patriot Act Disclosure-   Identity Report
 02/24/2022 1 A TX Investment Refinance - Cash-out - Other C A C A A A No
217089562 437220197 24789594 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided Please provide verification of the borrower's identity. Reviewer Comment (2022-02-24): Client provided Permanent Resident Card for borrower.


Seller Comment (2022-02-22): [Redact] [Redact] - sent to the investor -   DataVerify - Identity Report


Seller Comment (2022-02-22): [Redact] [Redact] -  
 [Redact] [Redact] -  USA Patriot Act Disclosure- - Identity Report
 02/24/2022 1 A TX Investment Refinance - Cash-out - Other C A C A A A No
217089593 437220703 24876353 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of[redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower. The credit report fee was disclosed to the borrower on the loan estimate as [redacted] The final closing disclosure shows the fee as [redacted]. The lender provided a credit to cover the cost to cure. Reviewer Comment (2022-02-24): Sufficient Cure Provided within 60 Days of Closing
 02/24/2022 1 A CA Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM Yes
217089593 437220703 24887565 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Please provide corrected 1008 as it reflects a DTI of [redacted] with taxes at [redacted], however the DTI should be[redacted] and taxes at[redacted], as reflected on the Final 1003. Reviewer Comment (2022-03-03): Updated 1008 received with qualifying DTI of [Redact]. Exception cleared.


Seller Comment (2022-03-01): Updated 1008
 03/03/2022 1 A CA Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
217089593 437220703 24887567 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Please provide corrected 1008 as it reflects a DTI of[redacted]% with taxes at [redacted], however the DTI should be[redacted]% and taxes at $[redacted], as reflected on the Final 1003. Reviewer Comment (2022-03-03): Updated 1008 provided verifying qualifying DTI of [Redact]. Exception cleared.
 03/03/2022 1 A CA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
217089593 437220703 24887568 Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and [redacted]) of [redacted] moderately exceeds the guideline maximum o[redacted] (DTI Exception is eligible to be regraded with compensating factors.) Please provide corrected 1008 as it reflects a DTI of[redacted] with taxes at [redacted], however the DTI should be [redacted]% and taxes at[redacted]as reflected on the Final 1003. Reviewer Comment (2022-03-03): Updated 1008 provided verifying [Redact] DTI. Exception cleared.
 03/03/2022 1 A CA Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
217089593 437220703 24887771 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. Please provide corrected 1008 as it reflects a DTI of [redacted]with taxes at [redacted], however the DTI should be [redacted]% and taxes at [redacted], as reflected on the Final 1003. Reviewer Comment (2022-03-03): Updated 1008 provided verifying qualifying DTI of [Redact]. Exception cleared.
 03/03/2022 1 A CA Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
217093501 437220742 24772416 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Reviewer Comment (2022-03-11): VOMs for both private mortgages, mortgage payment canceled checks, Note for both private mortgages and closing statement verifying both private mortgage received.


Reviewer Comment (2022-03-10): Received VOM and Note for private mortgages from [Redact][Redact] and [Redact][Redact][Redact] . Note for the 2nd lien [Redact] [Redact][Redact] does not reflect monthly payment . VOM for the 2nd lien reflects monthly payment of[Redact] , however payment history provided in file reflects higher amount. Provide supporting documents to verify the monthly payment for 2nd lien. Fraud report shows property is condominium . Closing statement provided reflects HOA dues for the property at [Redact], [Redact], [Redact]. Provide HOA verification .Exception remains.


Seller Comment (2022-03-08): REO
 03/11/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
217093501 437220742 24773109 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on[redacted], prior to xx x business days from transaction date of[redacted] Loan was disbursed prior to midnight of third business day after consummation.  Lender to re-open rescission, provide copy of new right to cancel form, copy of letter of explanation sent to borrower, and proof of delivery. Or provide certified closing statement from the title company verifying the funding date was on or after[redacted], or a funding department screen shot verifying disbursement date. Reviewer Comment (2022-03-15): Final CD signed and dated on [Redact]; exception cleared.


Seller Comment (2022-03-14): loe


Reviewer Comment (2022-03-11): CD issued [Redact] is signed by Borrower on [Redact]


Seller Comment (2022-03-08): FSS CD
 03/15/2022 1 A CA Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B C A C B A A Non QM Non QM Yes
217093501 437220742 24773110 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date Truth in Lending Act:  Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). Reviewer Comment (2022-03-15): Final CD signed and dated on [Redact]; exception cleared.


Seller Comment (2022-03-14): loe


Seller Comment (2022-03-14): The[Redact] CD is PCCD.  The borrower closing CD is dated[Redact]. Please advise rescission was not violated and there is no need to re-open.


Reviewer Comment (2022-03-11): CD issued [Redact] is signed[Redact]. Signature date extending rescission/disbursement.


Seller Comment (2022-03-08): FSS CD
 03/15/2022 1 A CA Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B C A C B A A Non QM Non QM Yes
217093501 437220742 24773145 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on[redacted]disclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated [redacted] The calculated total of payments was greater than the total of payments on the final CD. Reviewer Comment (2022-03-21): [Redact] received PCCD, LOE, copy of refund check, RTC and proof of delivery; exception is cured.


Seller Comment (2022-03-18): PCCD LOE etc   Open ROR


Reviewer Comment (2022-03-17): The borrower may not be charged for fee increases after closing.  Any increases after [Redact] must be cured.  As a TOP exception is a material disclosure on a refinance transaction RTC must be reopened as well.


Seller Comment (2022-03-16): LOE


Seller Comment (2022-03-16): PLease provide breakdown and review  the OE form the client.


Reviewer Comment (2022-03-10): [Redact] received [Redact] Corrected CD & LOE to borrower.  File is missing remaining cure documentation items.  TOP disclosed on the final CD is inaccurate based on fees disclosed on the PCCD dated[Redact] resulting from[Redact] increase in borrower paid loan costs reflected in Section D. [Redact]'s testing approach as a TPR assumes that fee changes reflected on a PCCD are corrections, rather than updates of fees that would result from changes that occurred after closing. That is, a lender incorrectly disclosed fees they were aware of (or should have been aware of) on the final CD and therefore issued a PCCD reflecting the actual fees that should have been disclosed on the final CD. Accordingly, [Redact] will calculate the TOP based on corrected fees on the PCCD and cite exceptions if the TOP disclosed on the final CD (provided at or before consummation) is inaccurate based on the updated fees shown on PCCD. The reason for testing in this manner is that (1) 1026.17(b) (and related commentary) provides that disclosures must be made before consummation; (2) 1026.19(f)(1)(ii) and (f)(2)(ii) require the CD to be provided 3 business days before consummation; and (3) 1026.19(f)(2) and (ii) provide that the CD must be provided before or at consummation. One exception to this would be if the PCCD was issued only due to a change in interim interest (based on a change in disbursement date), such changes would not result in any exception for the PCCD. The cure for the TOP exception includes a Letter of Explanation, Copy of Refund check for full under-disclosed amount, Proof of Delivery, Reopening Rescission, and Corrected CD.   Tolerance was exceeded.


Seller Comment (2022-03-08): PCCD
 03/21/2022 2 B CA Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
217093501 437220742 24773146 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least[redacted] business days prior to closing. Only the Final CD was found in the file.  Provide a copy of the Initial CD. Reviewer Comment (2022-03-10): [Redact] received [Redact] Initial CD


Seller Comment (2022-03-08): Initial CD and FUnding CD
 03/10/2022 1 A CA Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
217093501 437220742 24773147 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:[redacted]Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of[redacted]exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. No cure or changed circumstance provided. Reviewer Comment (2022-03-17): [Redact] received PCCD, LOE, copy of refund check, and proof of mailing; exception is cured.


Seller Comment (2022-03-16): PCCD


Reviewer Comment (2022-03-10): [Redact] upon further review received CD dated [Redact] and also in provided COC dated [Redact] there is no reason mentioned why the fee increases to $800 on CD [Redact]. So kindly provide a valid COC with additional information why the fee increases to $800 on CD dated [Redact] or provide Cure.


Seller Comment (2022-03-08): COC
 03/17/2022 2 B CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
217096859 437220229 24791806 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide required Fraud Report/Background check for all borrowers. Reviewer Comment (2022-03-01): Received Fraud report. Exception Cleared


Seller Comment (2022-02-28): [Redact] [Redact] - See attached Final Fraud Prevention & SAM.Gov search Borrower AKA - no matches


Seller Comment (2022-02-28): [Redact] [Redact] - See attached Final SAM.Gov search Borrower AKA - no matches


Seller Comment (2022-02-28): [Redact] [Redact] -   See attached Final Fraud Prevention search Borrower AKA - no matches
 03/01/2022 1 A FL Investment Purchase C A C A A A No
217096859 437220229 24791809 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided Please provide required Fraud Report/Background check for all borrowers. Reviewer Comment (2022-03-03): DRIVE Scoring Results/Fraud Report and SAM.gov search provided. Exception cleared.


Seller Comment (2022-03-01): [Redact] [Redact] - See attached Final Fraud Prevention & SAM.Gov search Borrower AKA - no matches


Seller Comment (2022-03-01): [Redact] - [Redact] -  See attached Final Fraud Prevention & SAM.Gov search Borrower AKA - no matches
 03/03/2022 1 A FL Investment Purchase C A C A A A No
217096859 437220229 24792093 Credit Hazard Insurance Document Error Hazard Insurance Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. Blanket Condo Policy is missing the Mortgagee Clause required by Approval. Reviewer Comment (2022-03-03): Insurance mortgagee clause is correct. Exception cleared.


Reviewer Comment (2022-03-01): Provided H06 Policy  shows mortgagee clause "[Redact]". However, Note/Title shows [Redact]. Please provide policy with correct Mortgagee Clause. Exception remains.


Seller Comment (2022-02-28): [Redact] [Redact] - See Attached Insurance Requirements Concerning  Mortgagee clause for Condo's:  A mortgagee clause is not required for a master project property insurance policy, an NFIP Residential Condominium Building Association Policy or equivalent flood policies issued by a private insurer
 03/03/2022 1 A FL Investment Purchase C A C A A A No
217096859 437220229 24792847 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide signed Business Purpose Certificate. Reviewer Comment (2022-02-24): Non-QM Borrower Affirmation & Certificate of Business Purpose executed by the Borrowers provided. Exception cleared.


Seller Comment (2022-02-22): [Redact] [Redact] -  attached is signed Business Purpose Certificate for review
 02/24/2022 1 A FL Investment Purchase C A C A A A No
217096862 437220156 24773484 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided Reviewer Comment (2022-03-01): Received Note Addendum - Prepayment on [Redact], Exception Cleared


Seller Comment (2022-02-25): [Redact] Ph -  Attached is a copy of the  prepayment note addendum .
 03/01/2022 1 A CA Investment Refinance - Rate/Term C A C A A A Yes
217096862 437220156 24782818 Credit System General Appraisal Reconciliation Valuation address does not match Note address. - Note address is: [redacted] and appraisal shows:[redacted] Appraiser mentions in body of appraisal that the back unit is[redacted]. Title shows address as:[redacted]and [redacted]. Reviewer Comment (2022-03-08): [Redact] Cleared.


Seller Comment (2022-03-04): [Redact] [Redact] - Ø See attached:
• NOTE  reflecting the updated property address [Redact]
• Addendum to NOTE (Inter Vivos Revocable Trust)
• Prepayment Rider
• Updated 1003 signed by borrower reflecting updated property address [Redact]
 03/08/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
217096873 437221488 24786145 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Incorporation not provided Please provide all required Business Entity documents for [redacted] Reviewer Comment (2022-03-04): Bylaws and Operating agreement received. Exception cleared.


Seller Comment (2022-03-02): Articles
 03/04/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
217096873 437221488 24786153 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Bylaws not provided Please provide all required Business Entity documents for [redacted] Reviewer Comment (2022-03-04): Bylaws and Operating agreement received. Exception cleared.


Seller Comment (2022-03-02): Bylaws
 03/04/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
217096873 437221488 24786154 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided Please provide all required Business Entity documents for [redacted] Reviewer Comment (2022-03-04): Received and associated Certificate of Good Standing . Exception cleared.


Seller Comment (2022-03-02): Certificate
 03/04/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
217096873 437221488 24786165 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided Please provide all required Business Entity documents for [redacted] Reviewer Comment (2022-03-04): Corporate Resolution received. Exception cleared.


Seller Comment (2022-03-02): Resolution
 03/04/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
217096873 437221488 24787065 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided Please provide all required Business Entity documents for [redacted] Reviewer Comment (2022-03-03): Received  Employer Identification Number (EIN)  on [Redact], Exception Cleared


Seller Comment (2022-03-02): EIN
 03/03/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
217096878 437221533 24786960 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Please provide a replacement cost estimator in the amount of [redacted], or provide an updated hazard insurance policy with total dwelling coverage of [redacted] There is a hazard insurance coverage shortfall of[redacted] Reviewer Comment (2022-03-25): Received with updates.


Seller Comment (2022-03-23): HOI updated


Reviewer Comment (2022-03-03): Revised insurance document has been received; however, the property address is listed as [Redact].  The Note shows the address is[Redact].  Provide corrected insurance document.


Seller Comment (2022-03-01): HOI
 03/25/2022 1 A NY Investment Purchase C A C A A A No
217096880 437221550 24793224 Credit Credit Miscellaneous Guideline Credit Exception: Please provide the mortgage payment history for the primary residence. Reviewer Comment (2022-03-21): Documentation provided [Redact]. Exception cleared [Redact].


Seller Comment (2022-03-17): [Redact] mortgage statements


Reviewer Comment (2022-03-07): We are in receipt of the mortgage statement for the primary residence; however, this is not a 12 month payment history.  The loan with [Redact] is not showing on the credit report.  Provide a written Verification of Mortgage from [Redact] with a minimum 12 month history.


Reviewer Comment (2022-03-07): Client provided mortgage statement for primary residence showing loan is current.


Seller Comment (2022-03-03): mortgage statements


Seller Comment (2022-03-03): statement
 03/21/2022 1 A NY Investment Purchase C A C A A A No
217096882 437220645 24791164 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide required Fraud Report/Background Check. Reviewer Comment (2022-03-23): Received and associated  Fraud Report. Exception cleared.


Seller Comment (2022-03-22): Fraudguard attached
 03/23/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
217096882 437220645 24791259 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided Please provide required Fraud Report/Background Check. Reviewer Comment (2022-03-28): Received.
 03/28/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
217096882 437220645 24791957 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide signed Business Purpose Certificate with verification that all proceeds will be used for business purposes. Reviewer Comment (2022-03-07): Received Signed Business Purpose Certificate on [Redact]. Condition Cleared.


Seller Comment (2022-03-04): Non-QM Borrower Cert attached
 03/07/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
217096882 437220645 24791960 Credit Missing Document General Missing Document Missing Document: Cash-Out Utilization not provided Please provide signed Business Purpose Certificate with verification that all proceeds will be used for business purposes. Reviewer Comment (2022-03-28): Received.


Seller Comment (2022-03-25): Business Purpose Cert uploaded and cleared [Redact] - Can you please clear condition? Thank you!
 03/28/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
217096901 437221564 24790916 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided Reviewer Comment (2022-03-04): Corporate Resolution received. Exception cleared.


Seller Comment (2022-03-03): Resolution
 03/04/2022 1 A NY Investment Purchase C A C A A A No
217096901 437221564 24790923 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided Operating Agreement provided, but not signed by the managing member Reviewer Comment (2022-03-04): Received Operating Agreement for [Redact], signed by the member and document associated. Exception cleared.


Seller Comment (2022-03-03): operating agreement
 03/04/2022 1 A NY Investment Purchase C A C A A A No
217096901 437221564 24790936 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided Reviewer Comment (2022-03-04): Received form SS-4 reflecting the Employer Identification Number and document associated. Exception cleared.


Seller Comment (2022-03-03): EIN
 03/04/2022 1 A NY Investment Purchase C A C A A A No
217096901 437221564 24791138 Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing. Hazard insurance policy effective date is [redacted] and the disbursement date is [redacted]. Policy effective date is is after the disbursement date, therefore the policy was not in effect at time of consummation. Provide proof of coverage at time of consummation. Reviewer Comment (2022-03-10): Insurance Cert with corrected expiration date received.


Seller Comment (2022-03-08): insurance binder


Reviewer Comment (2022-03-04): Insurance cert received reflects effective of [Redact] that corresponds with the closing/disbursement date, however the expiration also is [Redact]. Provide insurance cert correcting expiration date typo to 2023. Exception remains.


Seller Comment (2022-03-03): Insurance
 03/10/2022 1 A NY Investment Purchase C A C A A A No
217096901 437221564 24791176 Credit Borrower and Mortgage Eligibility Borrower Eligibility Borrower and Mortgage Eligibility OFAC was not cleared and required per guidelines - Fraud Report indicates OFAC Status Fail due to [redacted] name match. Additional documentation refuting findings not provided. Provide evidence Borrower and name match are not one and the same. Reviewer Comment (2022-03-04): OFAC Sanctions list Search dated [Redact] confirms no matches. Exception cleared.


Seller Comment (2022-03-03): Ofac
 03/04/2022 1 A NY Investment Purchase C A C A A A No
217096901 437221564 24791206 Credit Borrower and Mortgage Eligibility Borrower Eligibility Borrower and Mortgage Eligibility OFAC was not cleared and required per guidelines - Fraud Report indicates OFAC Status Fail due to [redacted] name match. Additional documentation refuting findings not provided. Provide evidence Borrower and name match are not one and the same. Reviewer Comment (2022-03-04): OFAC Sanctions List search dated [Redact] confirms no matches. Exception cleared.


Seller Comment (2022-03-03): OFAC
 03/04/2022 1 A NY Investment Purchase C A C A A A No
217096926 437221562 24771031 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant[redacted] business days prior to consummation. The Disclosure Tracking Summary shows the appraisal was provided[redacted]  The presumed date of receipt is[redacted] .  The appraisal was not received by the borrower at least xx business days prior to consummation. Reviewer Comment (2022-03-10): Proof of delivery received.


Seller Comment (2022-03-08): LOE
 03/10/2022 1 A CA Primary Purchase C A A A C A A A Non QM Non QM No
217096926 437221562 24771032 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted]or Final Disclosure APR of[redacted] is in excess of allowable threshold of APOR[redacted], or[redacted].  Non-Compliant Higher Priced Mortgage Loan. Reviewer Comment (2022-03-10): Proof of delivery received.


Seller Comment (2022-03-08): LOE
 03/10/2022 1 A CA Primary Purchase C A A A C A A A Non QM Non QM No
217096926 437221562 24771033 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. The Disclosure Tracking Summary shows the appraisal was provided[redacted].  The presumed date of receipt is[redacted]  The appraisal was not received by the borrower at least xx business days prior to consummation. Reviewer Comment (2022-03-10): Proof of delivery received.


Seller Comment (2022-03-08): LOE
 03/10/2022 1 A CA Primary Purchase C A A A C A A A Non QM Non QM No
217096928 437220225 24772229 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Borrower has not been S/E for full [redacted] years and there was no verification in file of same line of work. Per guidelines, if an applicant has less than [redacted] years' self-employment, a lesser history with a general minimum of one year may be acceptable provided the applicant has a minimum [redacted] year previous history in the same line of work. The representative FICO score exceeds the guideline minimum by at least xx points. Lender Exception provided with Comp Factors for Re-Grade and Waive. Originator,Owner Reviewer Comment (2022-02-24): Lender Exception provided with Comp Factors for Re-Grade and Waive.


Seller Comment (2022-02-22): [Redact] [Redact]  - attached is the exception email


Seller Comment (2022-02-22): [Redact] [Redact]  - attached is the exception form
 02/24/2022 2 B TX Primary Purchase C B C B A A A A Non QM Non QM No
217097767 437220631 24791306 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - Schedule C Test Ability-to-Repay (Dodd-Frank 2014): Unable to verify current Sole Proprietorship status using reasonably reliable third-party records. Please forward Third Party Verification or the equivalent for [redacted]. Reviewer Comment (2022-03-10): Third party verifications received.


Reviewer Comment (2022-03-10): x


Reviewer Comment (2022-03-10): Articles of Organization  provided verifying 100% ownership and inception date.


Reviewer Comment (2022-03-10): Verification of 100% ownership for [Redact] received.


Seller Comment (2022-03-08): The LLC Charter and the Articles of Incorporation for [Redact] reflects an effective date of [Redact]. Please clear.


Reviewer Comment (2022-03-03): Business license search for [Redact], LLC does not verify business start date only license expiration date.


Seller Comment (2022-03-01): [Redact] LLC Business License State of [Redact]
 03/10/2022 1 A NV Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
217097767 437220631 24791307 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - Schedule C Test Ability-to-Repay (Dodd-Frank 2014): Unable to verify current Sole Proprietorship status using reasonably reliable third-party records. Please forward Third Party Verification or the equivalent for [redacted]. Reviewer Comment (2022-03-25): Removed from income calculations.


Seller Comment (2022-03-25): Updated 1003 and 1008 uploaded


Seller Comment (2022-03-25): Cash Flow Analysis [Redact] uploaded.


Reviewer Comment (2022-03-16): Third Party verification provided, indicating the business is open and active is dated post close. Please provide per closing documentation. Also, as stated in prior comments : [Redact] is reported on Sch C in [Redact]. However, The Business Entity/Third Party reports it as a LLC, not sole proprietor. Also, the document shows the Registered Agent as[Redact] and the the borrower. Please forward documentation that clarifies percent of ownership.


Seller Comment (2022-03-08): The Articles of Inc for [Redact] reflects an effective date of [Redact]. Please clear.


Reviewer Comment (2022-03-03): Business license search for [Redact], LLC does not verify business start date only license expiration date.


Seller Comment (2022-03-01): [Redact] Business Entity- Active
 03/25/2022 1 A NV Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
217097767 437220631 24791308 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of[redacted] exceeds tolerance of [redacted]  Insufficient or no cure was provided to the borrower. Discount Fee increased from [redacted] to[redacted].  There was no Lender Cure nor was there a Valid Change of Circumstance to support the increase in this fee.  Provide a copy of a Valid CoC or provide PCCD, refund check, letter of explanation and proof of delivery. Reviewer Comment (2022-02-24): [Redact] received valid COC dated [Redact] with reason why the Loan Discount Point fee was increased on the CD dated [Redact] hence after review the exception was cleared.


Seller Comment (2022-02-23): COC Discount Points increased to [Redact] .
 02/24/2022 1 A NV Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
217097767 437220631 24791309 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of[redacted] exceeds tolerance of[redacted] Insufficient or no cure was provided to the borrower. Total cure amount due borrower is[redacted].  This includes the increase in the Discount Fee and the addition of the Appraisal Fee.  Lender Cure on the Final CD was in the amount of [redacted]  Remaining cure due borrower is[redacted].  Provide valid CoC for the increased Discount Fee or provide PCCD, copy of refund check in the amount of[redacted] copy of letter of explanation and proof of delivery. Reviewer Comment (2022-02-24): Upon further review, sufficient cure was provided at closing.
 02/24/2022 1 A NV Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
217097767 437220631 24791314 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Please forward Third Party Verification or the equivalent for[redacted] Reviewer Comment (2022-03-25): Removed from income calculations.


Seller Comment (2022-03-25): Updated 1003 and 1008 uploaded.


Seller Comment (2022-03-25): Cash Flow Analysis [Redact] uplaoded.


Reviewer Comment (2022-03-16): Third Party verification provided, indicating the business is open and active is dated post close. Please provide per closing documentation. Also, as stated in prior comments : [Redact] is reported on Sch C in [Redact]. However, The Business Entity/Third Party reports it as a LLC, not sole proprietor. Also, the document shows the Registered Agent as [Redact] and the the borrower. Please forward documentation that clarifies percent of ownership.


Reviewer Comment (2022-03-15): [Redact] is reported on Sch C in [Redact]. However, The Business Entity/Third Party reports it as a LLC, not sole proprietor. Also, the document shows the Registered Agent as [Redact] and the the borrower. Please forward documentation that clarifies percent of ownership.


Seller Comment (2022-03-11): [Redact] Income Calculation [Redact]. Borrower owns 100% .Please clear.


Reviewer Comment (2022-03-10): Verification of business inception date and borrower's ownership percentage for [Redact] received. Business search for [Redact] verifies business is active and in good standing, however does verify Borrower's ownership percentage. Provide documentation of Borrower's interest. Exception remains


Seller Comment (2022-03-09): [Redact] and Articles of Inc show effective date of  business on [Redact].


Reviewer Comment (2022-03-03): Business license search for [Redact], LLC does not verify business start date only license expiration date.


Seller Comment (2022-03-01): Updated ATR Worksheet
 03/25/2022 1 A NV Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM Yes
217097767 437220631 24791315 Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Please forward Third Party Verification or the equivalent for J[redacted] Reviewer Comment (2022-03-25): Removed from income calculations.


Reviewer Comment (2022-03-03): Business license search for [Redact], LLC does not verify business start date only license expiration date.
 03/25/2022 1 A NV Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
217097767 437220631 24791317 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Please forward Third Party Verification or the equivalent for [redacted]. Reviewer Comment (2022-03-03): [Redact] State business license search for [Redact] LLC received. Exception cleared


Seller Comment (2022-03-01): Verification of Self Employment - 2+ years
 03/03/2022 1 A NV Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
217097767 437220631 24791318 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Please forward Third Party Verification or the equivalent for [redacted]. Reviewer Comment (2022-03-02): Client provided Business Entity Listing for [Redact].


Seller Comment (2022-03-01): [Redact] Business Entity
 03/02/2022 1 A NV Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
217097767 437220631 24791327 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Please forward Third Party Verification or the equivalent for [redacted]. Reviewer Comment (2022-03-03): Business Search for [Redact] LLC and Business license search for [Redact], LLC received. Exception cleared


Reviewer Comment (2022-03-02): We are in receipt of the Business Entity Listing for [Redact].  We are still missing third party verification for [Redact].


Seller Comment (2022-03-01): [Redact] and [Redact] documents
 03/03/2022 1 A NV Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
217097767 437220631 24873131 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of[redacted] exceeds tolerance of[redacted]  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-02-24): Sufficient Cure Provided At Closing
 02/24/2022 1 A NV Primary Refinance - Cash-out - Other Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
217097801 437221167 24795930 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Reviewer Comment (2022-03-07): Received updated final 1003 and 1008 with correction of monthly mortgage expenses.
Per CD, Loan is escrow with insurance, tax and flood insurance ([Redact]+[Redact]+[Redact] =[Redact]) + PI [Redact] + HOA [Redact] = [Redact]. All required docs are provided hence exception cleared.


Seller Comment (2022-03-04): Good afternoon. See attached, thank you.


Reviewer Comment (2022-03-03): Received Final CD for the property [Redact] reflects monthly payment of [Redact], however final 1003 reflects monthly payment of[Redact]. Also there is HOA amount [Redact] reflecting on appraisal report however, final 1003 does not have the amount included on it. Please provide explanation for the variance Exception remains.


Seller Comment (2022-03-02): Good morning. Please refer to the attached final Closing Disclosure for [Redact]. Thank you.


Reviewer Comment (2022-02-28): We are in receipt of the tax and insurance documents.  We still need the mortgage statement or Final CD as applicable.


Seller Comment (2022-02-24): see attached docs for [Redact]


Reviewer Comment (2022-02-24): Nothing received. Please forward the Mortgage Statement/HOI/Tax to verify the PITIA.


Seller Comment (2022-02-21): see uw lox and reo docs


Seller Comment (2022-02-18): see attached reo docs
 03/07/2022 1 A FL Investment Purchase C B C A B B A A N/A Exempt from ATR No
217097801 437221167 24795933 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Reviewer Comment (2022-03-07): Client provided tax and insurance documents for [Redact] that match escrows from CD.


Seller Comment (2022-03-04): Good afternoon. See attached, thank you.


Reviewer Comment (2022-03-04): The Final CD shows a monthly payment of [Redact] (P&I [Redact] and Escrow [Redact]). There is a variance in Escrow payments of [Redact]. As per documents, monthly Taxes [Redact] + Insurance [Redact], Total [Redact]. Please provide HOA/evidence for the remaining [Redact]. Exception Remains.


Seller Comment (2022-03-02): Good morning. Please refer to the attached final Closing Disclosure for [Redact]. Thank you.


Reviewer Comment (2022-02-28): We are in receipt of the tax and insurance documents.  We still need the mortgage statement or Final CD as applicable.


Seller Comment (2022-02-24): see attached docs for [Redact]


Reviewer Comment (2022-02-24): The mortgage statement alluded in the correspondence was not received. Please forward the Mortgage Statement for[Redact].


Seller Comment (2022-02-21): see uw lox and reo docs


Seller Comment (2022-02-18): see attached reo docs
 03/07/2022 1 A FL Investment Purchase C B C A B B A A N/A Exempt from ATR No
217097801 437221167 24795936 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Reviewer Comment (2022-02-24): Signed Final CD received.


Seller Comment (2022-02-21): see uw lox and reo docs
 02/24/2022 1 A FL Investment Purchase C B C A B B A A N/A Exempt from ATR No
217097801 437221167 24795939 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Reviewer Comment (2022-02-24): Signed Final CD received.


Seller Comment (2022-02-21): see uw lox and reo docs


Seller Comment (2022-02-18): see attached reo docs
 02/24/2022 1 A FL Investment Purchase C B C A B B A A N/A Exempt from ATR No
217097801 437221167 24795942 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Reviewer Comment (2022-03-04): Loan is currently in process for the property [Redact], hence received Loan Estimate reflecting monthly payment of [Redact], taxes and insurance escrowed. Exception cleared.


Seller Comment (2022-03-02): Good afternoon. Please refer to the attached Loan Estimate. The borrower is currently in process with  [Redact]. The loan is not closing for 2 more weeks. The attached LE should be more than sufficient to show what the total PITI payment will be on this property. Thank you.


Reviewer Comment (2022-02-28): We are in receipt of the tax and insurance documents.  We still need the mortgage statement or Final CD as applicable.


Seller Comment (2022-02-28): Good morning. Please refer to the attached document to clear this condition, thank you.


Reviewer Comment (2022-02-24): LE received. Pleased forward the Final signed CD or mortgage statement/HOI/Tax cert to verify the PITIA.


Seller Comment (2022-02-21): see uw lox and reo docs
 03/04/2022 1 A FL Investment Purchase C B C A B B A A N/A Exempt from ATR No
217097801 437221167 24828311 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at leas[redacted] business days prior to closing, and appraisal was not provided at or before closing. Provide appraisal delivery document for Revised/Final Appraisal Report dated [redacted] Reviewer Comment (2022-02-24): Seller Acknowledges Exception.


Seller Comment (2022-02-18): Seller requests buyer review: EV2, please waive.
 02/24/2022 2 B FL Investment Purchase C B C A B B A A N/A Exempt from ATR No
217097801 437221167 24828312 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted]business days prior to consummation. Provide appraisal delivery document for secondary valuation. Reviewer Comment (2022-02-24): Seller Acknowledges Exception.


Seller Comment (2022-02-18): Seller requests buyer review: EV2, please waive.
 02/24/2022 2 B FL Investment Purchase C B C A B B A A N/A Exempt from ATR No
217097827 437221161 24792821 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of[redacted] exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. Appraisal fee increased from $[redacted] to $[redacted].  There is no valid Change of Circumstance in the file to support the increase in this fee and lender did not provide a cure.  Provide valid CoC for the increase in the fee or provide PCCD, copy of refund check, copy of letter of explanation and proof of delivery. Reviewer Comment (2022-03-02): [Redact] received Corrected Cd, LOX , copy of refund check and proof of mailing.


Seller Comment (2022-03-01): see attached pccd docs
 03/02/2022 2 B NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
217098728 437221178 24848780 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of[redacted]is in excess of allowable threshold of APOR[redacted] o[redacted]  Non-Compliant Higher Priced Mortgage Loan. Reviewer Comment (2022-03-01): Client provided appraisal delivery document


Seller Comment (2022-02-25): see attached screen shot-allowable threshold.
 03/01/2022 1 A NY Primary Purchase C A C A C A A A Non QM Non QM No
217098728 437221178 24848914 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. The bank statement from[redacted]., account[redacted] as of [redacted]1 shows a balance of [redacted].  The final 1003 listed the account balance as [redacted] Provide statement that reflects the balance stated on the final 1003. Reviewer Comment (2022-03-09): Statement received and uploaded.


Seller Comment (2022-03-08): Please refer to the attached [Redact] [Redact] bank statement. The ending balance on [Redact] was $[Redact]. I ask that you please clear this condition, thank you.


Reviewer Comment (2022-03-08): pending upload to acuity.


Seller Comment (2022-03-07): Good afternoon. Please refer to the attached to clear and satisfy this underwriting condition. Thank you for your assistance.
 03/09/2022 1 A NY Primary Purchase C A C A C A A A Non QM Non QM No
217098728 437221178 24850279 Credit Credit Miscellaneous Guideline Credit Exception: The borrower's business bank statements reflect [redacted].  An approved Lender Exception for excessive[redacted] checks was not found in the file. Reviewer Comment (2022-03-08): [Redact] Cleared. Exception approval provided.


Seller Comment (2022-03-04): Good morning. See attached from [Redact]. The exception was approved for the [Redact] NSF's on the business bank statements. Thank you.
 03/08/2022 1 A NY Primary Purchase C A C A C A A A Non QM Non QM No
217098728 437221178 24881590 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least xx x business days prior to closing, and appraisal was not provided at or before closing. There is an appraisal delivery document in the file showing a delivery date of [redacted].  There is no corresponding appraisal report for that date in the file.  The appraisal provided is dated[redacted]  Provide the appraisal delivery document for the appraisal dated [redacted]. Reviewer Comment (2022-03-01): Client provided appraisal delivery document.


Seller Comment (2022-02-25): Seller requests buyer review: EV2, please waive.
 03/01/2022 1 A NY Primary Purchase C A C A C A A A Non QM Non QM No
217098728 437221178 24881591 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Appraisal Not Obtained Timely) TILA HPML Appraisal Rule (Dodd-Frank 2014): Appraisal not obtained prior to consummation. There is an appraisal delivery document in the file showing a delivery date of [redacted].  There is no corresponding appraisal report for that date in the file.  The appraisal provided is dated [redacted].  Provide the appraisal delivery document for the appraisal dated [redacted] Reviewer Comment (2022-03-01): Client provided appraisal delivery document


Seller Comment (2022-02-28): Good morning. Please refer to the attached appraisal delivery receipt. Thank you for your assistance.
 03/01/2022 1 A NY Primary Purchase C A C A C A A A Non QM Non QM No
217098728 437221178 24881592 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant[redacted] business days prior to consummation. There is an appraisal delivery document in the file showing a delivery date of[redacted].  There is no corresponding appraisal report for that date in the file.  The appraisal provided is dated [redacted].  Provide the appraisal delivery document for the appraisal dated [redacted] Reviewer Comment (2022-03-01): Client provided appraisal delivery document.


Seller Comment (2022-02-28): Good morning. Please refer to the attached appraisal delivery receipt. Thank you for your assistance.
 03/01/2022 1 A NY Primary Purchase C A C A C A A A Non QM Non QM No
217104296 437221547 24792256 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___ Missing co-borrower's W2 for [redacted]. Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Residual Income [redacted] = [redacted] vs. actual of [redacted]

Long Term Employment C1: [redacted] years		 Owner

Owner

Owner

Owner

Owner,Originator		 Reviewer Comment (2022-03-17): Rec'd approved Lender exception


Seller Comment (2022-03-16): Exception request form


Reviewer Comment (2022-03-11): We received [Redact] OK, but not the formal Lender Exception form with parameters and Comp Factors. Please forward the formal Lender Exception.


Seller Comment (2022-03-09): Exception request form and exception approval.


Reviewer Comment (2022-03-02): This exception is for the co-borrower's W2 for [Redact].  Document has not been provided.  The exception remains.


Seller Comment (2022-03-01): paystub


Seller Comment (2022-03-01): [Redact] transcripts, paystub, [Redact] 1099 & [Redact] transcripts


Reviewer Comment (2022-03-01): The 1005 is not sufficient. Please forward the last 2 years W2's and W2 transcripts for the co-borrower.


Seller Comment (2022-02-25): CB did not have the [Redact] w2 yet at time of closing. Will investor accept the WVOE in file with the [Redact] income figure
 03/17/2022 2 B WA Primary Purchase C B C B A A A A Non QM Non QM No
217104296 437221547 24792540 Credit Guideline Guideline Issue Guideline Loan does not meet minimum income documentation requirements. - The Gap Letter of Explanation does not contain specific dates as they relate to the employment gap between [redacted]and [redacted]  File is also missing VOEs for past employment with [redacted] and[redacted] Reviewer Comment (2022-03-01): Received.


Seller Comment (2022-02-25): Attached are the VOEs from Broadstone and St Mary.  Please disregard the previous attachment and note.


Seller Comment (2022-02-25): Please see the attached LOE again. it indicated the exact month and year. Since we have the VOEs too, do we really need to have the exact dates on the LOE? please clarify.
 03/01/2022 1 A WA Primary Purchase C B C B A A A A Non QM Non QM No
217104296 437221547 24792541 Credit Guideline Guideline Issue Guideline Missing required income documentation . - Per guidelines, documentation of receipt of year to date income via a check stub showing YTD income or bank statements showing receipt of YTD income is required. Reviewer Comment (2022-03-01): [Redact] Bank Statement with deposits reflected received.


Seller Comment (2022-02-25): Attached is the bank statement I have showing receipt of income from [Redact] and [Redact].
 03/01/2022 1 A WA Primary Purchase C B C B A A A A Non QM Non QM No
217104296 437221547 24792542 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - The VVOE shows a CPA Letter was used to verify borrower's employment.  The CPA letter was not found in the file.  Provide CPA Letter, Business License or equivalent document showing a minimum employment history [redacted]to years. Reviewer Comment (2022-03-01): CPA Letter received.


Seller Comment (2022-02-25): CPA Letter
 03/01/2022 1 A WA Primary Purchase C B C B A A A A Non QM Non QM No
217104296 437221547 24832991 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Missing 1099 Transcripts for [redacted] and [redacted] for borrower. Reviewer Comment (2022-03-11): Received the [Redact] 1099 for the borrower and the [Redact] 1099 no results document


Seller Comment (2022-03-09): Exception request form and exception approval.


Reviewer Comment (2022-03-02): The Wage and Income Transcript for [Redact] shows "No record of return filed."  The exception for the [Redact] transcript remains.


Seller Comment (2022-03-01): [Redact] 1099 and transcript


Reviewer Comment (2022-03-01): Received the [Redact] 1099 Transcript. Please forward the [Redact] 1099 Transcript.


Seller Comment (2022-02-25): [Redact] Transcripts
 03/11/2022 1 A WA Primary Purchase C B C B A A A A Non QM Non QM No
217104296 437221547 24835351 Credit Missing Document General Missing Document Missing Document: Explanation Letter not provided Letter of explanation for gap in employment does not contain specific dates as they relate to the employment gap between [redacted]to[redacted].  The gap letter needs to state the gap period. Reviewer Comment (2022-03-01): Received.


Seller Comment (2022-02-25): Please see the attached LOE again. it indicated the exact month and year. Since we have the VOEs too, do we really need to have the exact dates on the LOE? please clarify.
 03/01/2022 1 A WA Primary Purchase C B C B A A A A Non QM Non QM No
217104297 437221548 24800167 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for MMC AMC Fee.  Fee Amount of[redacted] exceeds tolerance of[redacted] Insufficient or no cure was provided to the borrower. Please provide a valid change of circumstance, or provide a post closing CD reflecting the cure, and evidence the document and cure was sent to the borrower with an explanation of changes. Zero percent fee tolerance was exceeded by[redacted] for the MMC AMC Fee, and no cure was provided. Reviewer Comment (2022-03-03): [Redact] received valid COC dated [Redact] and associated comment with reason why the fee was added on the LE dated [Redact] hence after review the exception was cleared.


Seller Comment (2022-03-02): Attached is the COC LE that shows the increase of the appraisal. [Redact] company splits their fee in our system. I believe it had to do due with passing [Redact].
These 2 fees add up to [Redact]. The $[Redact] is part of the [Redact].


Seller Comment (2022-03-02): Attached is the COC LE that shows the increase of the appraisal. [Redact] company splits their fee in our system. I believe it had to do due with passing [Redact].
These 2 fees add up to [Redact]. The $[Redact] is part of the [Redact]
 03/03/2022 1 A GA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
217104297 437221548 24801393 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least xx [redacted] business days prior to closing, and appraisal was not provided at or before closing. The second appraisal is dated [redacted]which is the same as the note date. The borrower waived the right to receive a copy of all valuations at least[redacted]days prior to consummation. Reviewer Comment (2022-03-02): Seller elects to waive this exception with no grade change.


Seller Comment (2022-02-28): Seller requests buyer review: lvl 2 condition, please waive
 03/02/2022 2 B GA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
217104303 437220200 24792477 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Reviewer Comment (2022-02-25): UW Income Analysis Worksheet provided. Exception cleared.


Seller Comment (2022-02-23): [Redact] [Redact] - Income worksheet  for review
 02/25/2022 1 A OK Primary Purchase C B C A C B A A Non QM Non QM No
217104303 437220200 24792525 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Reviewer Comment (2022-03-02): Received Initial 1003 on [Redact], Exception Cleared


Seller Comment (2022-03-01): [Redact] [Redact] -  initial 1003 was submitted  on [Redact]  -  see attached initial 1003 (page 1 Self Income shows $[Redact])


Seller Comment (2022-03-01): [Redact] [Redact] - initial 1003


Reviewer Comment (2022-02-25): Initial URLA / 1003 not included with UW Income Analysis Worksheet. Exception remains.


Seller Comment (2022-02-23): [Redact] [Redact]  - initial URLA / 1003 for review
 03/02/2022 1 A OK Primary Purchase C B C A C B A A Non QM Non QM No
217104303 437220200 24793716 Compliance Compliance State Compliance State HPML (State HPML) Oklahoma Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) xxxx Higher-Priced Mortgage Loan: APR on subject loan of[redacted]% or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR[redacted], or [redacted].  Compliant Higher Priced Loan. Reviewer Comment (2022-03-15): Seller acknowledges the exception


Seller Comment (2022-03-11): [Redact] [Redact] -sent to investor -  Please waive the exception with no grade change"


Seller Comment (2022-03-10): [Redact]  please clear condition

thank you
paula


Seller Comment (2022-03-10): [Redact] [Redact] - sent to investor -  This is an HPML loan, is their another condition that goes with this? please advise -
 03/15/2022 2 B OK Primary Purchase No obvious cure C B C A C B A A Non QM Non QM No
217104303 437220200 24793718 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of[redacted] exceeds tolerance of [redacted] plus[redacted]% or [redacted].  Insufficient or no cure was provided to the borrower. No cure or changed circumstance provided. Reviewer Comment (2022-03-07): [Redact] received PCCD, LOE, proof of mailing & copy of refund check.


Seller Comment (2022-03-03): [Redact] [Redact] - see attached  Check for[Redact]


Seller Comment (2022-03-03): [Redact] [Redact] -  see attached   UPS Label


Seller Comment (2022-03-03): [Redact] [Redact] -  see attached PCCD


Reviewer Comment (2022-02-25): [Redact] upon further review as Title - closing fee provider is selected from sspl, the title - closing fee and recording fee will come under 10% tolerance and title- closing fee increased from [Redact] on LE to [Redact] on CD therefore we require cure of [Redact]. Please provide cure docs or valid COC for the same.


Seller Comment (2022-02-25): [Redact] [Redact] - Please clarify what fees changed from the LE to the CD that  show a 10% cure of [Redact]
 03/07/2022 2 B OK Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
217104304 437220202 24793579 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [redacted]) business days of application. Initial Loan Estimate dated [redacted]was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. LE issue date is[redacted] and esign consent date is [redacted](document [redacted]).. Reviewer Comment (2022-03-01): [Redact] Received Disclosure tracking showing Initial Disclosures mailed.


Seller Comment (2022-02-28): [Redact] [Redact] -  Disclosure Tracking Summary confirming the package was sent electronically and mailed.
 03/01/2022 1 A CA Primary Refinance - Cash-out - Other C A A A C A A A Non QM Non QM No
217104307 437220196 24796182 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of[redacted]% is in excess of allowable threshold of APOR [redacted][redacted], or[redacted].  Non-Compliant Higher Priced Mortgage Loan. Reviewer Comment (2022-04-01): HPML Compliant.


Seller Comment (2022-03-30): [Redact] [Redact] - please review - and clear - thank you --- [Redact] received lender attestation that office was closed [Redact], Friday after [Redact] holiday and not to be included in business days timing.


Reviewer Comment (2022-03-23): Friday [Redact] is not counted as a Federal holiday; exception remains.


Seller Comment (2022-03-21): [Redact] [Redact] - The RTC does not need to be resigned by the borrower, we only need to prove one was provided.
 04/01/2022 1 A CA Primary Refinance - Cash-out - Other C A A A C A A A Non QM Non QM No
217104307 437220196 24796183 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within [redacted]business days of application. The Initial 1003 is signed by the Loan Officer on [redacted].  The ABA Disclosure was not provided to borrowers until [redacted] Reviewer Comment (2022-03-04): Application date of [Redact] (day before [Redact]) is three business days prior to [Redact] excluding [Redact] and the day after [Redact] (2 public holidays) and Saturday/Sunday (2 non-business/weekend days), which meets the three day RESPA requirement. Exception cleared.


Seller Comment (2022-03-02): [Redact] [Redact] - The application was taken on [Redact] (We have three business days to send out to borrower)
[Redact]  Wednesday (the day before [Redact])
[Redact] Closed (Not business day)
[Redact] Closed (Not Business day)
[Redact] Open for business  Day1
[Redact] Open for business  Day2
[Redact] Open for business  Day3


Please find the Homeownership Counselling Organizations on pg. 16 of the above attachment
(Delivered withing three days of application)
 03/04/2022 1 A CA Primary Refinance - Cash-out - Other C A A A C A A A Non QM Non QM No
217104307 437220196 24796185 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within[redacted] business days of application. The Initial 1003 is signed by the Loan Officer on [redacted].  The Initial LE was not issued until [redacted]. Reviewer Comment (2022-03-23): [Redact] received attestation confirming their offices were closed on Thursday and Friday, which is on [Redact] and [Redact] therefore the 3rd business day would be [Redact] which is within three business days of initial application.


Seller Comment (2022-03-22): [Redact] [Redact] -  see attachment  The [Redact]is the date the application was taken
It is pulling on the 1003 but is not the date LO signed

The Loan Officer Signed the LE on [Redact]

Note: [Redact] was the day before [Redact]- Wednesday.  ([Redact] closed on  [Redact])
            Disclosures were issued on [Redact]   3rd compliant Day to execute
 03/23/2022 1 A CA Primary Refinance - Cash-out - Other C A A A C A A A Non QM Non QM No
217104307 437220196 24796219 Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Timing ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within[redacted] days of the loan application date. The Initial 1003 is signed by the Loan Officer on [redacted].  The Initial LE with the required Right to Receive Appraisal language was not issued until [redacted] Reviewer Comment (2022-03-29): [Redact] received lender attestation that office was clossed [Redact], Friday after [Redact] holiday and not to be included in business days timing.


Reviewer Comment (2022-03-23): Friday [Redact] is not counted as a Federal holiday; exception remains.
 03/29/2022 1 A CA Primary Refinance - Cash-out - Other C A A A C A A A Non QM Non QM Yes
217104307 437220196 24796220 Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - HPML Timing HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within[redacted] days of the loan application date. The Initial 1003 is signed by the Loan Officer on [redacted].  The Initial LE with the required Right to Receive Appraisal language was not issued until [redacted]. Reviewer Comment (2022-03-29): [Redact] received lender attestation that office was clossed [Redact], Friday after [Redact] holiday and not to be included in business days timing.


Reviewer Comment (2022-03-23): Friday [Redact] is not counted as a Federal holiday; exception remains.
 03/29/2022 1 A CA Primary Refinance - Cash-out - Other C A A A C A A A Non QM Non QM No
217104307 437220196 24796221 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations not provided to applicant within[redacted] business days of application. The Initial 1003 is signed by the Loan Officer on [redacted].  The List of Counseling Agencies was not provided to borrowers until [redacted]. Reviewer Comment (2022-03-04): Application date of [Redact] (day before [Redact]) is three business days prior to [Redact] excluding [Redact] and the day after [Redact] (2 public holidays) and Saturday/Sunday (2 non-business/weekend days), which meets the three day RESPA requirement. Exception cleared.


Seller Comment (2022-03-02): [Redact] [Redact] - The application was taken on [Redact] (We have three business days to send out to borrower)
[Redact]  Wednesday (the day before [Redact])
[Redact] Closed (Not business day)
[Redact] Closed (Not Business day)
[Redact] Open for business  Day1
[Redact] Open for business  Day2
[Redact] Open for business  Day3


Please find the Homeownership Counselling Organizations on pg. 16 of the above attachment
(Delivered withing three days of application)
 03/04/2022 1 A CA Primary Refinance - Cash-out - Other C A A A C A A A Non QM Non QM No
217104307 437220196 25133649 Compliance Compliance Federal Compliance TRID Defect TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within[redacted] business days of application. Disclosure tracking (D30) indicates LE was mailed on [redacted] and was electronically provided on [redacted], however, Borrower did not e-consent until [redacted]. Reviewer Comment (2022-03-29): [Redact] received lender attestation on holiday.


Seller Comment (2022-03-25): [Redact] [Redact] - Rebuttal to Comment dated [Redact]:

According CFPB guidelines the lender must provide
A Loan Estimate to the borrower within three business days of receiving application
Friday was not a federal holiday but [Redact] was closed for business, thus day cannot be counted
As a business day.  

https://www.consumerfinance.gov/ask-cfpb/what-is-a-loan-estimate-en-1995/


Reviewer Comment (2022-03-23): Friday [Redact] is not counted as a Federal holiday; exception remains.
 03/29/2022 1 A CA Primary Refinance - Cash-out - Other No Defined Cure C A A A C A A A Non QM Non QM No
217104309 437221030 24796275 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure:[redacted]Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of[redacted] exceeds tolerance of[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-02-15): Sufficient Cure Provided At Closing
 02/15/2022 1 A CA Primary Refinance - Cash-out - Other Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
217104309 437221030 24801937 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Please provide the mortgage statement for the[redacted] Reviewer Comment (2022-03-07): Received First Payment Letter and verified monthly payments. Taxes and Insurance documents already received. Exception cleared.


Seller Comment (2022-03-04): •  Final CD for [Redact]


Seller Comment (2022-03-04): • 1st payment letter for [Redact]
 03/07/2022 1 A CA Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
217104310 437220191 24801260 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). The Calculated Finance Charge is[redacted].  The Finance Charge that was disclosed on the Final CD is [redacted].  The Finance Charge was under-disclosed by [redacted]. Reviewer Comment (2022-03-14): [Redact] received Letter of Explanation, Copy of cure refund, proof of mailing & Corrected Closing Disclosure.


Seller Comment (2022-03-10): [Redact] [Redact] - Investment properties do not have a RTC.  Please clear this condition.


Reviewer Comment (2022-03-04): [Redact] received PCCD, LOE, refund check, and proof of mailing. Please re open rescission with proof of delivery to cure.


Seller Comment (2022-03-02): [Redact] [Redact] - The attached PCCD, copy of the check and proof of delivery should cover all 3 conditions
 03/14/2022 2 B HI Investment Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A N/A Non QM Yes
217104310 437220191 24801261 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated [redacted]). The Calculated Total of Payments is [redacted]  The Total of Payments disclosed on the Final CD is [redacted].  The variance is[redacted]. Reviewer Comment (2022-03-14): [Redact] received Letter of Explanation, Copy of cure refund, proof of mailing & Corrected Closing Disclosure.


Seller Comment (2022-03-10): [Redact] [Redact] - Investment properties do not have a RTC.  Please clear this condition.


Reviewer Comment (2022-03-04): [Redact] received PCCD, LOE, refund check, and proof of mailing. Please re open rescission with proof of delivery to cure.


Seller Comment (2022-03-02): [Redact] [Redact] - The attached PCCD, copy of the check and proof of delivery should cover all 3 conditions
 03/14/2022 2 B HI Investment Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A N/A Non QM Yes
217104310 437220191 24801262 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance o[redacted].  Insufficient or no cure was provided to the borrower. The Loan Discount Fee of increased from [redacted] to [redacted].  There is no Lender Cure on the Final CD nor is there a valid Change of Circumstance in the file to support the increase in this fee.  Provide a copy of a valid CoC or a PCCD, copy of refund check, copy of letter of explanation to the borrower and proof of delivery. Reviewer Comment (2022-03-03): [Redact] Received PCCD, LOE, Refund Check and Proof of Mailing.


Seller Comment (2022-03-02): [Redact] [Redact] - The attached PCCD, copy of the check and proof of delivery should cover all 3 conditions
 03/03/2022 2 B HI Investment Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A N/A Non QM Yes
217104310 437220191 24803959 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Hazard insurance policy dwelling coverage is[redacted], which is insufficient. The replacement cost estimate is [redacted]. Provide an updated policy providing sufficient coverage. Reviewer Comment (2022-02-25): Certificate of Liability Insurance Certificate states coverage includes Replacement Cost which meets guidelines.


Seller Comment (2022-02-23): Ø See attached: The HOI policy for the subject property, [Redact] states "includes replacement cost". The guidelines state that "replacement cost coverage or similar verbiage as stated in the declarations page" is acceptable.  Attached for informational purposes only - ** Please note the Replacement Cost Estimator noted in the reviewers comments for $[Redact] is for a different loan #[Redact].  The RCE is for that loan, property,[Redact].


Seller Comment (2022-02-23): [Redact] - [Redact] - Ø See attached: The HOI policy for the subject property, [Redact] states "includes replacement cost". The guidelines state that "replacement cost coverage or similar verbiage as stated in the declarations page" is acceptable.  Attached for informational purposes only - ** Please note the Replacement Cost Estimator noted in the reviewers comments for $[Redact] is for a different loan [Redact].  The RCE is for that loan, property,[Redact].
 02/25/2022 1 A HI Investment Refinance - Cash-out - Other C B C A C B A A N/A Non QM No
217104314 437220222 24796575 Property Property - Appraisal Appraisal Data Integrity Property - Appraisal Appraiser's license or certification was not active at the time of the appraisal. - Reviewer Comment (2022-02-28): Renewal received


Seller Comment (2022-02-24): [Redact] [Redact] - See attached: Department of Consumer Affairs. Appraiser license was renewed and valid until [Redact]
 02/28/2022 1 A CA Primary Purchase C A A A C A C A Non QM Non QM No
217104314 437220222 24797130 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Compliance Audit / Quality Control Fee.  Fee Amount of[redacted] exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. No valid change of circumstance or cure for borrower provided. Reviewer Comment (2022-03-01): [Redact] has received true & certified Final SS.


Seller Comment (2022-02-28): [Redact] [Redact] - CTC of settlement statement


Reviewer Comment (2022-02-25): [Redact] has received corrected PCCD reflecting reduced charges, however, the final settlement statement provided is not signed. Kindly provide a true and certified copy of the FSS in order to clear the exception.


Seller Comment (2022-02-24): [Redact] [Redact] -  settlement statement reflecting $100 fee was not charged.


Seller Comment (2022-02-24): [Redact] [Redact] - PCCD  reflecting $100 fee was not charged.
 03/01/2022 1 A CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A C A Non QM Non QM Yes
217104315 437220246 24804109 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided Please provide a Denial of Credit notice from Hypotec, Inc to borrowers for loan # [redacted]to show that loan was canceled and that we are not required to use the documents associated with that loan number. Reviewer Comment (2022-03-01): [Redact] Denial/withdrawal received.


Seller Comment (2022-02-25): [Redact] [Redact] -  sent to investor -  copy of the  prepayment note addendum .
 03/01/2022 1 A FL Primary Refinance - Cash-out - Other D A D A A A A A Non QM Non QM No
217104316 437221029 24797147 Compliance Compliance Federal Compliance TILA Federal Loan Originator Compensation - Individual LO Not NMLS Licensed at Time of Application Truth in Lending Act (NMLSR Dodd- Frank 2014): Individual Loan Originator not NMLS licensed or registered at time of application. Reviewer Comment (2022-03-15): verified license was active at application and at closing; exception cleared.


Seller Comment (2022-03-11): • CSBS announcement confirming that there will be processing delays with NMLS due to the amount of individuals and businesses applying for renewals at year end [Redact]


Seller Comment (2022-03-11): • NMLS cert confirming the license was valid at the time of application and consummation and the processing delay appears to be with NMLS


Seller Comment (2022-03-11): • NMLS license history


Reviewer Comment (2022-03-01): It appears the LO was Connecticut Licensed as of [Redact]. However, the License expired as of [Redact]. Please clarify.


Seller Comment (2022-02-25): • Evidence the Loan Officer has been licensed in the state of CT since [Redact]
 03/15/2022 1 A CT Primary Refinance - Cash-out - Other C B B B C A A A Non QM Non QM No
217104316 437221029 24860937 Credit Credit Miscellaneous Guideline Credit Exception: Excessive NSFs on the bank statements provided. The qualifying DTI on the loan is at least xx% less than the guideline maximum.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.		 Lender Exception with Comp Factors provided for regrade and waive. Originator,Owner

Owner

Owner

Owner		 Reviewer Comment (2022-02-22): Lender Exception with Comp Factors provided for regrade and waive.
 02/22/2022 2 B CT Primary Refinance - Cash-out - Other C B B B C A A A Non QM Non QM No
217104391 437221047 24802205 Credit Credit Miscellaneous Guideline Credit Exception: Please forward the Inquiry Letter of Explanation for recent credit inquiries. Reviewer Comment (2022-03-22): Received.


Seller Comment (2022-03-18): Credit inquiry LOE
 03/22/2022 1 A AZ Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
217104393 437221477 24807148 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] did not disclose Amount of Non-Escrowed Property Costs over Year 1 The Purchase Contract and the appraisal show HOA dues in the amount of[redacted]per year.  The Final CD does not show HOA dues included in the Estimated Taxes, Insurance and Assessments on page 1 or Non-Escrowed Property Costs over Year 1 on page 4.  If there are no HOA dues, provide a corrected appraisal.  If there are HOA dues, provide PCCD, letter of explanation and proof of delivery. Reviewer Comment (2022-03-02): [Redact] received a PCCD correcting non escrowed property costs and LOE.


Seller Comment (2022-03-01): PCD and LOE
 03/02/2022 2 B FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
217104393 437221477 24858843 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Disclosure Tracking Summary shows appraisal was provided[redacted] The presumed date of receipt is[redacted] The appraisal was not received by the borrower at least xx business days prior to consummation. Reviewer Comment (2022-03-04): Seller acknowledges exception.


Seller Comment (2022-03-03): Seller requests buyer review: Level II condition please waive and clear file


Reviewer Comment (2022-03-02): The receipt of appraisal documentation was for a different property. Please resend the correct document.


Seller Comment (2022-02-28): Appr Proof
 03/04/2022 2 B FL Second Home Purchase C B A A C B A A Non QM Non QM No
217104402 437220814 24804110 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 Reviewer Comment (2022-03-04): Received CDA on [Redact], Exception Cleared


Seller Comment (2022-03-02): CDA
 03/04/2022 1 A NJ Primary Refinance - Cash-out - Other D A A A C A D A Non QM Non QM No
217104402 437220814 24804352 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on[redacted] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated[redacted] The finance charges are under-disclosed by[redacted]. Title-Judgment Fee paid to XXXX not included in Prepaid Finance charge per compliance report. Reviewer Comment (2022-03-04): [Redact] received PCCD within 60 days of consummation correcting fees.


Seller Comment (2022-03-02): PCCD
 03/04/2022 1 A NJ Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable D A A A C A D A Non QM Non QM Yes
217108590 437221125 24805060 Credit Credit Miscellaneous Guideline Credit Exception: There are two signed Prepayment Note Addendums, with two different sets of terms for the prepayment penalty;[redacted]% on [redacted] and [redacted] months interest on the other. Provide documentation that confirms the correct prepayment terms such as the rate lock, approval or screen shot that sets forth the terms of the preparyment. Reviewer Comment (2022-03-08): [Redact] Cleared. Screenshot provided.


Seller Comment (2022-03-04): please see attached ppp screen shot-ppp is 6 month


Reviewer Comment (2022-02-25): The rate lock provided does not specify prepayment terms of either 6 months interest or[Redact], but just confirms a prepayment loan. Provide approval or screen shot that displays the penalty terms for prepayment. Exception remains.


Seller Comment (2022-02-23): see attached lock for correct ppp term[Redact]
 03/08/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217108643 437221032 24804475 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide required Fraud Report/Background Check. Reviewer Comment (2022-03-01): Received Fraud report. Exception cleared.


Seller Comment (2022-02-26): • Data Verify/Fraud Report
 03/01/2022 1 A NV Investment Refinance - Cash-out - Other C A C A A A No
217108643 437221032 24804509 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided Please provide required Fraud Report/Background Check. Reviewer Comment (2022-03-02): Fraud report received. Exception cleared..


Seller Comment (2022-02-26): • Data Verify/Fraud Report
 03/02/2022 1 A NV Investment Refinance - Cash-out - Other C A C A A A No
217108644 437221035 24807010 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided Please forward the Note Prepayment Addendum. Reviewer Comment (2022-03-07): Received and associated Note Addendum - Prepayment. Exception cleared.


Seller Comment (2022-03-04): • Prepayment Addendum to the Note
 03/07/2022 1 A CA Investment Purchase C A C A A A Yes
217108645 437221036 24807396 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide the fraud report. Reviewer Comment (2022-03-01): Received Fraud report. Exception Cleared.


Seller Comment (2022-02-26): • Data Verify/Fraud Report
 03/01/2022 1 A CA Investment Refinance - Cash-out - Other C B C B A A No
217108645 437221036 24807946 Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. There is a LTV lender exception in the loan file. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

The qualifying DSCR on the loan is greater than the guideline minimum.

Borrower has a clean housing payment history		 The DSCR of [redacted] is greater than the minimum required DSCR of [redacted].

Housing payment history clean for [redacted] months		 Owner

Owner

Originator		 Reviewer Comment (2022-02-22): Lender Exception with Comp Factors provided for regrade and waive.
 02/22/2022 2 B CA Investment Refinance - Cash-out - Other C B C B A A No
217108645 437221036 24807947 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Combined loan to value discrepancy. Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. There is a CLTV lender exception in the loan file. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

The qualifying DSCR on the loan is greater than the guideline minimum.

Borrower has a clean housing payment history		 The DSCR of [redacted] is greater than the minimum required DSCR of [redacted].

Housing payment history clean for [redacted] months		 Owner

Owner

Originator		 Reviewer Comment (2022-02-22): Lender Exception with Comp Factors provided for regrade and waive.
 02/22/2022 2 B CA Investment Refinance - Cash-out - Other C B C B A A No
217112770 437221157 24809670 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Mortgage Statement(s) not provided Please provide The mortgage statement for [redacted] Reviewer Comment (2022-03-24): Final executed CD dated [Redact] received verifies payment for [Redact].


Seller Comment (2022-03-23): see attached uw lox and docs


Reviewer Comment (2022-03-21): [Redact]:  1040 reflects property on Schedule E as [Redact]. The CD reflects [Redact]. This does not appear to be the same property and there was no mortgage statement/s provided for [Redact].


Seller Comment (2022-03-21): see attached reo docs
 03/24/2022 1 A NY Investment Refinance - Cash-out - Other C B C B C B A A N/A Exempt from ATR No
217112770 437221157 24810544 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___ Please provide the following documents not provided as follows the P & L statement and balance sheet for[redacted]., The XXXX K-1 for [redacted]., The P & L statement and balance sheet for [redacted] Reviewer Comment (2022-03-31): Lender has provided the P&L statement and balance sheet for [Redact], [Redact] and the [Redact] K1 for[Redact]


Seller Comment (2022-03-30): see attached p&l


Reviewer Comment (2022-03-28): The requested documents are required to determine the impact on DTI. Please forward the P & L statement and balance sheet for [Redact].


Seller Comment (2022-03-25): see attached uw lox.


Reviewer Comment (2022-03-24): [Redact] P&L and Balance sheet received, however the required P&L and Balance Sheet were mistakenly requested for the wrong LLC on [Redact]. The Missing P&L and Balance Sheet are are needed for [Redact]. Exception remains.


Seller Comment (2022-03-22): see attached p&l for [Redact]


Reviewer Comment (2022-03-21): [Redact]:  Documents provided for [Redact]. but the P&L statement and balance sheet for [Redact]. has not yet been provided.


Seller Comment (2022-03-21): disregard cash out lox upld, see income docs uploaded.


Seller Comment (2022-03-21): see attached cash out lox


Seller Comment (2022-03-21): see attached income docs
 03/31/2022 1 A NY Investment Refinance - Cash-out - Other C B C B C B A A N/A Exempt from ATR No
217112770 437221157 24810645 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Please provide The mortgage statement for [redacted] Reviewer Comment (2022-03-24): Final executed CD verifying PITIA for [Redact] received.


Seller Comment (2022-03-23): see attached uw lox and docs


Reviewer Comment (2022-03-21): [Redact]:  CD reflects [Redact]. The 1040 reflects [Redact]. Addresses are not the same. Missing mortgage statement for [Redact].


Seller Comment (2022-03-21): see attached reo docs
 03/24/2022 1 A NY Investment Refinance - Cash-out - Other C B C B C B A A N/A Exempt from ATR No
217112770 437221157 24816686 Compliance Compliance Federal Compliance TILA TILA - Impermissible Prepayment Penalty Truth in Lending Act (Dodd-Frank 2014): Covered transaction contains impermissible prepayment penalty. Provide the Business Purpose Certificate. Reviewer Comment (2022-03-24): Cash out letter stating cash out funds to be used for future business investments.


Seller Comment (2022-03-22): see attached cash out letter


Reviewer Comment (2022-03-21): [Redact]:  Documentation has not yet been provided to clear this exception.


Seller Comment (2022-03-17): see attached cast out ltr.


Reviewer Comment (2022-02-28): Borrower letter stating cash out purpose not provided. Exception remains.


Seller Comment (2022-02-24): see attached business purpose letter.
 03/24/2022 1 A NY Investment Refinance - Cash-out - Other C B C B C B A A N/A Exempt from ATR No
217112770 437221157 24816688 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount o[redacted] exceeds tolerance of[redacted] Insufficient or no cure was provided to the borrower. The desk review fee of [redacted] wasn't disclosed to the borrower on the initial loan estimate, there was no lender credit to cover the cost to cure. Provide valid changed circumstance or a cure to the borrower by delivering a PC CD and evidence of refund to the borrower with an explanation of changes. Reviewer Comment (2022-02-28): [Redact] Received PCCD and LOE.


Seller Comment (2022-02-25): TRID items
 02/28/2022 2 B NY Investment Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A N/A Exempt from ATR Yes
217112770 437221157 24817635 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Provide the appraisal delivery document for the Revised/Final Appraisal Report dated [redacted] Reviewer Comment (2022-02-28): Seller acknowledges exception.


Seller Comment (2022-02-24): Seller requests buyer review: EV2, please waive.
 02/28/2022 2 B NY Investment Refinance - Cash-out - Other C B C B C B A A N/A Exempt from ATR No
217112770 437221157 24817816 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Prepayment Penalty Amount TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on[redacted] with a prepayment payment disclosed the maximum prepayment penalty amount that does not match the actual maximum amount for the loan. Calculated prepayment penalty amount is [redacted], however the amount disclosed on the final CD is [redacted]. Provide a correction to the borrower by delivering a PC CD with an explanation of changes. Reviewer Comment (2022-02-28): Seller acknowledges exception.


Seller Comment (2022-02-24): Seller requests buyer review: EV2, please waive.
 02/28/2022 2 B NY Investment Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A N/A Exempt from ATR Yes
217112770 437221157 24871592 Credit Credit Miscellaneous Guideline Credit Exception: Non-Warrantable condominium which doesn't meet Owner Occupancy and Presale requirements. The representative FICO score exceeds the guideline minimum by at least xx points.

The refinance has decreased the borrower's monthly debt payments by xx% or more.

The qualifying DTI on the loan is at least xx% less than the guideline maximum.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has owned the subject property for at least x years.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.		 Originator,Owner

Owner

Originator,Owner

Owner

Owner

Owner

Owner		 Reviewer Comment (2022-04-08): Lender Exception with Comp Factors provided for regrade and waive.


Reviewer Comment (2022-02-23): Lender Exception with Comp Factors provided for regrade and waive.
 02/23/2022 2 B NY Investment Refinance - Cash-out - Other C B C B C B A A N/A Exempt from ATR No
217112771 437221052 24805227 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided Please provide the prepayment addendum to the note. Reviewer Comment (2022-03-07): Received and associated Note Addendum - Prepayment . Exception Cleared.


Reviewer Comment (2022-03-04): Waiting for the documents to be uploaded.


Seller Comment (2022-03-03): • Prepayment Addendum to the Note
 03/07/2022 1 A CA Investment Purchase C A C A A A Yes
217112772 437221063 24807236 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide signed Business Purpose Certificate. Reviewer Comment (2022-03-07): Received Business Purpose Certificate dated and signed by the borrower and document associated. Exception cleared.


Reviewer Comment (2022-03-04): Documents are not received. Awaiting for documents to be uploaded. Exception remains.


Seller Comment (2022-03-03): • Borrower Affidavit - Certification of Business Purpose
 03/07/2022 1 A FL Investment Purchase C A C A A A No
217112773 437221065 24804628 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided Please provide the prepayment addendum to the note. Reviewer Comment (2022-03-11): Received Note Addendum - Prepayment, Exception Cleared


Seller Comment (2022-03-11): • Prepayment Addendum to the Note
 03/11/2022 1 A CA Investment Purchase C A C A A A Yes
217112882 437221024 24807872 Credit Insurance Insurance Analysis Insurance Insurance address does not match Note address. Note address is:[redacted]and the Hazard policy address is:[redacted] Reviewer Comment (2022-03-22): 1025 indicates property is a Duplex with [Redact] in front and [Redact] in back, in one building. SI has AKA with both addresses. Both address are the same property. Cleared.


Seller Comment (2022-03-18): • DOT confirming the property's aka is[Redact] (please reference pg 2)
 03/22/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217112882 437221024 24807878 Credit System General System Flood Certificate Subject Address does not match Note address. Note address is:[redacted] and the Flood Cert address is: [redacted] Reviewer Comment (2022-03-21): Received amended Flood Certificate with the correct address which matches Note. Exception cleared


Seller Comment (2022-03-18): • Flood cert with address updated to[Redact]
 03/21/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217112882 437221024 24807897 Credit System General Appraisal Reconciliation Valuation address does not match Note address. - Note address is: [redacted] St and the Appraisal address is: [redacted]. Reviewer Comment (2022-03-22): 1025 indicates property is a Duplex with [Redact] in front and [Redact] in back, in one building. SI has AKA with both addresses. Both address are the same property. Cleared.


Seller Comment (2022-03-18): • DOT confirming the property's aka is [Redact] (please reference pg 2)
 03/22/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217112988 437221066 24808613 Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided Please provide lease agreements for all four units of the subject property. Reviewer Comment (2022-03-04): Cleared documents provided.


Reviewer Comment (2022-03-04): Waiting for the documents to be uploaded.


Seller Comment (2022-03-03): • Subject property lease agreements xxxx


Seller Comment (2022-03-03): • Subject property lease agreements  xxxx
 03/04/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
217112988 437221066 24808628 Credit Credit Credit Documentation Credit There is no lease in place for the subject property and the absence of this document casts doubt on business purpose of loan. Please provide lease agreements for all four units of the subject property. Reviewer Comment (2022-03-04): Cleared. Leases provided.


Seller Comment (2022-03-03): See subject property lease agreements uploaded to "Missing Documents: lease agreement" condition.
 03/04/2022 1 A CA Investment Refinance - Rate/Term C A C A A A No
217114043 437220918 24807019 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 Please provide the secondary valuation, as required. Reviewer Comment (2022-03-11): [Redact] CU Score is 1, secondary valuation not required, Exception Cleared


Seller Comment (2022-03-11): • [Redact] SSR Report with a CU Score of 1 - Please references pages 2 & 3
 03/11/2022 1 A NY Investment Refinance - Rate/Term D A A A D A No
217114053 437221073 24808140 Credit Missing Document General Missing Document Missing Document: Bank Statements - Business not provided Business bank statements for [redacted] are missing for the following months: [redacted] and [redacted] thru [redacted]. the statement included in the file for [redacted] is a  [redacted] statement for acct [redacted], which does not reflect the same total deposits and ineligible deposits entered by the UW on the the income analysis worksheet. Provide the correct statement(s) for [redacted] 2020 supporting the amounts on the worksheet Reviewer Comment (2022-03-22): Received.


Seller Comment (2022-03-18): See submission for other conditions
 03/22/2022 1 A AZ Investment Refinance - Cash-out - Other C A C A A A A A N/A Exempt from ATR No
217114053 437221073 24808143 Credit Missing Document General Missing Document Missing Document: Bank Statements - Business not provided Business bank statements for[redacted] are missing for the following months: [redacted] and [redacted] thru [redacted]. the statement included in the file for [redacted] is a  [redacted] statement for acct [redacted], which does not reflect the same total deposits and ineligible deposits entered by the UW on the the income analysis worksheet. Provide the correct statement(s) for [redacted] supporting the amounts on the worksheet Reviewer Comment (2022-03-22): Received.


Seller Comment (2022-03-18): Dec [Redact]


Seller Comment (2022-03-18): [Redact] [Redact]


Seller Comment (2022-03-18): • Updated income analysis worksheet reflecting all 3 bank acct numbers used for qualifying
 03/22/2022 1 A AZ Investment Refinance - Cash-out - Other C A C A A A A A N/A Exempt from ATR No
217114053 437221073 24808422 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Business bank statements for [redacted] are missing for the following months:[redacted]. the statement included in the file for [redacted] 2020 is a  [redacted] statement for acct[redacted], which does not reflect the same total deposits and ineligible deposits entered by the UW on the the income analysis worksheet. Provide the correct statement(s) for [redacted] 2020 supporting the amounts on the worksheet Reviewer Comment (2022-03-22): Received.


Seller Comment (2022-03-18): Dec [Redact]


Seller Comment (2022-03-18): [Redact] [Redact]


Seller Comment (2022-03-18): • [Redact] [Redact], [Redact] [Redact], [Redact] [Redact], Dec [Redact], and [Redact] [Redact] bank statements supporting the income on the income analysis worksheet


Seller Comment (2022-03-18): • Updated income analysis worksheet reflecting all 3 bank acct numbers used for qualifying
 03/22/2022 1 A AZ Investment Refinance - Cash-out - Other C A C A A A A A N/A Exempt from ATR No
217117491 437221184 24816555 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003 Reviewer Comment (2022-03-07): Received Final 1003 dated and signed by the borrower and document associated. Exception cleared.


Seller Comment (2022-03-04): see attached signed final 1003


Reviewer Comment (2022-02-28): Final 1003 provided, however the final 1003 is not signed by the Borrower. Exception remains.


Seller Comment (2022-02-24): see attached application
 03/07/2022 1 A TN Investment Refinance - Cash-out - Other C A C A A A No
217117491 437221184 24816571 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided Borrower identification not included in the file and the USA Patriot Act Information Form is signed by the Borrower, however the form has not been completed. Provide Borrower identification and/or the completed USA Patriot Act Information Form  signed by the Borrower. Reviewer Comment (2022-02-28): Copy of Borrower's Driver's license provided. Exception cleared.


Seller Comment (2022-02-24): see attached bwr id
 02/28/2022 1 A TN Investment Refinance - Cash-out - Other C A C A A A No
217117491 437221184 24816573 Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility The ID documentation (license, passport, Visa) does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. Borrower identification not included in the file and the USA Patriot Act Information Form is signed by the Borrower, however the form has not been completed. Provide Borrower identification and/or the completed USA Patriot Act Information Form  signed by the Borrower. Reviewer Comment (2022-02-28): Copy of Borrower's Driver's license provided. Exception cleared.


Seller Comment (2022-02-24): see attached business purpose ltr
 02/28/2022 1 A TN Investment Refinance - Cash-out - Other C A C A A A No
217117491 437221184 24816584 Credit Fix and Flip General Fix and Flip Verification of Borrower's identity is missing. - Borrower identification not included in the file and the USA Patriot Act Information Form is signed by the Borrower, however the form has not been completed. Provide Borrower identification and/or the completed USA Patriot Act Information Form  signed by the Borrower. Reviewer Comment (2022-02-28): Copy of Borrower's Driver's license provided. Exception cleared.


Seller Comment (2022-02-24): see attached bwr id
 02/28/2022 1 A TN Investment Refinance - Cash-out - Other C A C A A A No
217117491 437221184 24902962 Credit Missing Document General Missing Document Incomplete Document: 1003 Final is incomplete Final 1003 provided, however the document is not signed by the Borrower. Reviewer Comment (2022-03-07): Received Final 1003 dated and signed by the borrower and document associated. Exception cleared.


Seller Comment (2022-03-04): see attached signed final 1003
 03/07/2022 1 A TN Investment Refinance - Cash-out - Other C A C A A A No
217117496 437221118 24810641 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of[redacted] exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. Please provide a valid change of circumstance, or a post closing CD with a cure of [redacted], and evidence the document was sent to the borrowers along with an explanation of the changes. Zero percent fee tolerance exceeded by[redacted] and no cure was provided. Reviewer Comment (2022-03-01): [Redact] has received required cure documents (PCCD, LOE & Check).


Seller Comment (2022-02-28): Please see attached PCCD and LOX
 03/01/2022 2 B FL Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
217117496 437221118 24810642 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:[redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of[redacted]exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Please provide a valid change of circumstance, or a post closing CD with a cure of[redacted], and evidence the document was sent to the borrowers along with an explanation of the changes. Zero percent fee tolerance exceeded by [redacted] and no cure was provided. Reviewer Comment (2022-03-01): [Redact] has received required cure documents (PCCD, LOE & Check).


Seller Comment (2022-02-28): Please see attached PCCD and LOX.
 03/01/2022 2 B FL Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
217117496 437221118 24810692 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Administration Fee.  Fee Amount of[redacted] exceeds tolerance of[redacted]  Insufficient or no cure was provided to the borrower. Please provide a valid change of circumstance, or a post closing CD with a cure of [redacted] and evidence the document was sent to the borrowers along with an explanation of the changes. Zero percent fee tolerance exceeded by [redacted], and no cure was provided. Reviewer Comment (2022-03-01): [Redact] - Cure was provided at closing & received cure on pending exceptions.


Seller Comment (2022-02-28): Please clear with other exceptions, thank you!


Reviewer Comment (2022-02-28): [Redact]: Cure provided at closing is insufficient to cure for all the citing (additional exception are appraisal fee and credit report fee) exception. Exception will be cleared once we get resolution for other exception. Exception remains.


Seller Comment (2022-02-25): Final CD reflects lender cure in the amount of 28.00 for the administration fee
 03/01/2022 1 A FL Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
217117496 437221118 24815928 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Please provide the mortgage statement for the borrowers' primary residence. Reviewer Comment (2022-03-01): Received  mortgage statement for the borrowers' primary. Exception Cleared.


Seller Comment (2022-02-28): Please see attached
 03/01/2022 1 A FL Second Home Purchase C B C A C B A A Non QM Non QM No
217117498 437221191 24810539 Compliance Legal / Regulatory / Compliance Anti-Predatory Violation Federal Defect (Fed High Cost) Federal High-Cost Mortgage Loan (Prepayment Penalty) Truth in Lending Act (High-Cost Mortgage): Prepayment penalty amount exceeded.  Non-Compliant High Cost Loan. Final CD and Security Instrument do not reflect a Prepayment Penalty. Provide clarification and corrected signed/recorded documents with consistent PPP in place or removed. Reviewer Comment (2022-03-11): received letter and proof of delivery


Reviewer Comment (2022-03-11): cleared in error


Reviewer Comment (2022-03-11): Documentation received


Seller Comment (2022-03-08): see attached lox to bwr and proof sent


Reviewer Comment (2022-03-07): Remediation - We could accept an LOE to the consumer, simply explaining the fact that while the loan file contains the two prepay addendums, the addendum without the prepay is the valid one and there is no prepay on the loan. LOE and proof of delivery would be required to downgrade exception to EV2.


Reviewer Comment (2022-03-04): Note Prepayment Penalty Addendum with N/A correction received. Provide proof of corrected document delivery to Borrower and/or Borrower initialed copy of the corrected Note Prepayment Penalty Addendum along with letter stating actual prepayment penalty terms for this loan. Exception remains.


Seller Comment (2022-03-01): The lock was uploaded on [Redact] (see page 180), there is no ppp, please clear.


Reviewer Comment (2022-03-01): Provide documentation that confirms the correct prepayment terms such as the rate lock, approval or screen shot that sets forth the terms of the prepayment.  In the absence of one of these documents, a written attestation providing the correct terms is acceptable.


Seller Comment (2022-02-28): No PPP


Seller Comment (2022-02-25): see attached lock-np ppp
 03/11/2022 1 A CA Primary Purchase C B A A C B A A Non QM Non QM Yes
217117498 437221191 24810541 Compliance Compliance Federal Compliance TILA TILA - Impermissible Prepayment Penalty Truth in Lending Act (Dodd-Frank 2014): Covered transaction contains impermissible prepayment penalty. Final CD and Security Instrument do not reflect a Prepayment Penalty. Provide clarification and corrected signed/recorded documents with consistent PPP in place or removed. Reviewer Comment (2022-03-11): received letter and proof of delivery


Reviewer Comment (2022-03-11): cleared in error


Reviewer Comment (2022-03-11): Documentation received


Seller Comment (2022-03-08): see attached lox to bwr and proof sent


Reviewer Comment (2022-03-07): Remediation - We could accept an LOE to the consumer, simply explaining the fact that while the loan file contains the two prepay addendums, the addendum without the prepay is the valid one and there is no prepay on the loan. LOE and proof of delivery would be required to downgrade exception to EV2.


Reviewer Comment (2022-03-04): Note Prepayment Penalty Addendum with N/A correction received. Provide proof of corrected document delivery to Borrower and/or Borrower initialed copy of the corrected Note Prepayment Penalty Addendum along with a letter stating actual prepayment penalty terms for this loan. Exception remains.


Seller Comment (2022-03-01): The lock was uploaded on [Redact] (see page 180), there is no ppp, please clear.


Reviewer Comment (2022-03-01): Provide documentation that confirms the correct prepayment terms such as the rate lock, approval or screen shot that sets forth the terms of the prepayment.  In the absence of one of these documents, a written attestation providing the correct terms is acceptable.


Seller Comment (2022-02-28): No PPP


Seller Comment (2022-02-25): see attached lock-np ppp
 03/11/2022 1 A CA Primary Purchase C B A A C B A A Non QM Non QM No
217117498 437221191 24810585 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Prepayment Penalty TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on[redacted] incorrectly disclosed whether the loan contains a Prepayment Penalty. Final CD and Security Instrument do not reflect a Prepayment Penalty. Provide clarification and corrected signed/recorded documents with consistent PPP in place or removed. Reviewer Comment (2022-03-10): [Redact] received LOE and proof of delivery.


Seller Comment (2022-03-08): see attached lox to bwr and proof sent


Reviewer Comment (2022-03-07): Remediation - We could accept an LOE to the consumer, simply explaining the fact that while the loan file contains the two prepay addendums, the addendum without the prepay is the valid one and there is no prepay on the loan. LOE and proof of delivery would be required to downgrade exception to EV2.


Reviewer Comment (2022-03-04): Note Prepayment Penalty Addendum with N/A correction received. Provide proof of corrected document delivery to Borrower and/or Borrower initialed copy of the corrected Note Prepayment Penalty Addendum along with a letter stating actual prepayment penalty terms for this loan. Exception remains.


Reviewer Comment (2022-03-03): [Redact] received rebuttal that lock uploaded and there is no PPP and previous comment to disregard the note addendum as there is no PPP.  However, the borrower executed a Note Addendum for this transaction that references a Prepayment Penalty is attached to this loan and an borrower executed document attachment to the Promissory Note can not be disregarded.  Final CD did not disclose the prepayment penalty.


Seller Comment (2022-03-01): The lock was uploaded on [Redact] (see page 180), there is no ppp, please clear.


Reviewer Comment (2022-03-01): Provide documentation that confirms the correct prepayment terms such as the rate lock, approval or screen shot that sets forth the terms of the prepayment.  In the absence of one of these documents, a written attestation providing the correct terms is acceptable.


Seller Comment (2022-03-01): disregard the note addendum, there is no ppp, cd is correct.


Reviewer Comment (2022-02-28): [Redact] received lock-in agreements.  However, the promissory note reflects a Prepayment Addendum to Note for a prepayment penalty agreement, but the Final CD did not disclose there was a prepayment penalty. A corrected CD and LOE to borrower is required.


Seller Comment (2022-02-25): see attached lock-np ppp
 03/10/2022 2 B CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
217117513 437221189 24810750 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted]or Final Disclosure APR o[redacted] is in excess of allowable threshold of APOR[redacted] or [redacted].  Non-Compliant Higher Priced Mortgage Loan. APR on subject loan of[redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted], or [redacted]. Non-Compliant Higher Priced Mortgage Loan. Reviewer Comment (2022-03-01): HPML Compliant.
 03/01/2022 1 A CT Primary Purchase C B A A C B A A Non QM Non QM No
217117513 437221189 24810751 Compliance Compliance State Compliance State HPML (State HPML) Connecticut Non-Prime Home Loan (APR Exceeds Non-Prime Threshold) xxxx Non-Prime Home Loan: APR on subject loan of[redacted] or Final Disclosure APR of[redacted] is in excess of allowable threshold of APOR[redacted] or[redacted].  Non-Compliant Loan. : APR on subject loan of[redacted] or Final Disclosure APR of[redacted] is in excess of allowable threshold of APOR [redacted], or [redacted]. Non-Compliant Loan. Reviewer Comment (2022-04-08): Seller Acknowledges Exception.


Seller Comment (2022-02-25): Seller requests buyer review: Grade 2
 04/08/2022 2 B CT Primary Purchase Within 90 days of closing, and prior to the commencement of any action against a lender, the borrower is notified of the violation and the lender makes appropriate restitution by either:
(a) making the nonprime home loan comply with the applicable provisions of the law; or
(b) changing the terms of the mortgage in a manner beneficial to the borrower so that the mortgage will no longer be considered a nonprime home loan;

Provide: Letter of Explanation and either:  For option (a), proof of cure for each of the prohibited practice violations noted; or For option (b), a copy of refund check and proof of mailing.

OR

(Narrow Defense - CHD Approval Required)  The lender is able to show by a preponderance of evidence (no timeframe noted) that the compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintenance of procedures reasonably adapted to avoid such errors.  Provide:  (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made and (ii) the lender has not received any notice from borrower of the failure; (2) refund of amount over the Non-Prime Home Loan  threshold maximum; and (3) proof of delivery.

OR

The lender and borrower otherwise reach a mutual agreement on an appropriate remedy or curative action.		 C B A A C B A A Non QM Non QM Yes
217117513 437221189 24810777 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (1st Lien, Escrow Not Established) Federal Higher-Priced Mortgage Loan (2013): Mandatory escrow account not established on 1st lien mortgage loan. Reviewer Comment (2022-03-01): HOI covered through walls in master policy.  Property taxes are escrowed.  Exception cleared.


Seller Comment (2022-02-25): Please see the initial escrow disclosure on D0131. There is an escrow account.
 03/01/2022 1 A CT Primary Purchase C B A A C B A A Non QM Non QM Yes
217117513 437221189 24810778 Compliance Compliance State Compliance State HPML (State HPML Provision) Connecticut Non-Prime Home Loan (Escrow Not Established) xxxx Non-Prime Home Loan (xxxx): Escrow Account not established on first lien mortgage for payment of taxes and insurance. Reviewer Comment (2022-04-08): Seller Acknowledges Exception.


Seller Comment (2022-02-25): Seller requests buyer review: Grade 2
 04/08/2022 2 B CT Primary Purchase See any available cure under the Connecticut Non-Prime Home Loan threshold exception. C B A A C B A A Non QM Non QM No
217117513 437221189 24810784 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of[redacted] exceeds tolerance of[redacted].  Sufficient or excess cure was provided to the borrower at Closing. The lender provided a cure of[redacted] for the appraisal fee Reviewer Comment (2022-02-16): Sufficient Cure Provided At Closing
 02/16/2022 1 A CT Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
217117513 437221189 24879622 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant xx (x) business days prior to consummation. There is an appraisal delivery document in the file dated [redacted].  We do not have the associated appraisal report.  Provide an appraisal delivery document for the Revised/Final appraisal report dated [redacted]. Reviewer Comment (2022-03-01): Updated appraisal docs provided.


Seller Comment (2022-02-25): Seller requests buyer review: Grade 2
 03/01/2022 1 A CT Primary Purchase C B A A C B A A Non QM Non QM No
217117513 437221189 24879623 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Appraisal Not Obtained Timely) TILA HPML Appraisal Rule (Dodd-Frank 2014): Appraisal not obtained prior to consummation. There is an appraisal delivery document in the file dated [redacted] We do not have the associated appraisal report.  Provide an appraisal delivery document for the Revised/Final appraisal report dated [redacted] Reviewer Comment (2022-03-01): Original appraisal provided.


Seller Comment (2022-02-25): Please see the attached original appraisal
 03/01/2022 1 A CT Primary Purchase C B A A C B A A Non QM Non QM No
217117513 437221189 24879624 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant[redacted]business days prior to consummation. There is an appraisal delivery document in the file dated [redacted].  We do not have the associated appraisal report.  Provide an appraisal delivery document for the Revised/Final appraisal report dated [redacted]. Reviewer Comment (2022-03-01): Updated appraisal docs provided.


Seller Comment (2022-02-25): Please see attached proof of appraisal delivery
 03/01/2022 1 A CT Primary Purchase C B A A C B A A Non QM Non QM No
217117614 437221177 24818217 Credit Guideline Guideline Issue Guideline Loan does not meet minimum income documentation requirements. - WVOE for [redacted] is dated[redacted].  Per guidelines, a VOE is required within[redacted] business days of the Note. Reviewer Comment (2022-03-01): Received.


Seller Comment (2022-02-25): Good afternoon. Please refer to the attached verification of employment, dated [Redact]. The loan closed on [Redact]. The employment verification is dated within ten days of the note date. Thank you.
 03/01/2022 1 A FL Primary Purchase C A C A A A A A Non QM Non QM No
217117614 437221177 24880127 Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within 10 business days of the Note. - WVOE for [redacted] is dated [redacted]  Per guidelines, a VOE is required within[redacted]business days of the Note. Reviewer Comment (2022-03-01): Received.


Seller Comment (2022-02-25): Good afternoon. Please refer to the attached verification of employment, dated [Redact]. The loan closed on [Redact]. The employment verification is dated within ten days of the note date. Thank you.
 03/01/2022 1 A FL Primary Purchase C A C A A A A A Non QM Non QM No
217117614 437221177 24880128 Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within 10 business days of the Note. - Verification of employment for[redacted] is dated[redacted].  Per guidelines, VOE must be obtained within ten business days of the Note. Reviewer Comment (2022-03-01): Received.


Seller Comment (2022-02-25): Good afternoon. Please refer to the attached verification of employment, dated [Redact]. The loan closed on [Redact]. The employment verification is dated within ten days of the note date. Thank you.
 03/01/2022 1 A FL Primary Purchase C A C A A A A A Non QM Non QM No
217117707 437220717 24816794 Credit Missing Document General Missing Document Missing Document: Cash-Out Utilization not provided Please provide signed Business Purpose Certificate with verification that all proceeds will be used for business purposes. Reviewer Comment (2022-03-25): Business Purpose Cert received.


Seller Comment (2022-03-24): Can you please clear exception - Business Purpose was uploaded and cleared on [Redact]and should have resolved this
 03/25/2022 1 A CA Investment Refinance - Cash-out - Home Improvement C A C A A A No
217117707 437220717 24817595 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide signed Business Purpose Certificate with verification that all proceeds will be used for business purposes. Reviewer Comment (2022-03-07): Received Business Purpose Certificate. Exception cleared.


Seller Comment (2022-03-04): Non-QM Borrower Cert attached
 03/07/2022 1 A CA Investment Refinance - Cash-out - Home Improvement C A C A A A No
217117710 437220821 24828801 Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy effective date is after the funds disbursed. Hazard Insurance Policy Effective Date ___; Disbursement Date: ___; Note Date: ___; Transaction Date: ___ Hazard  insurance policy effective date is [redacted] which is after the disbursement date of [redacted]. Therefore, the policy was not in effect at time of consummation. Provide updated insurance policy effective date on or before [redacted]. Reviewer Comment (2022-02-25): Insurance declarations page provided with adjusted effective date of [Redact]. Loan disbursed [Redact]. Exception cleared.


Seller Comment (2022-02-23): Uploaded PCCD


Seller Comment (2022-02-23): Uploaded Revised HOI effective date of [Redact]
 02/25/2022 1 A CA Investment Purchase C A C A A A No
217117734 437220121 24816800 Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file. Missing Reviewer Comment (2022-02-28): Received commitment


Seller Comment (2022-02-24): please see attached title commit, the final title policy is not available yet/
 02/28/2022 1 A NY Investment Refinance - Cash-out - Other C A C A A A No
217117734 437220121 24816805 Credit Loan Package Documentation Closing / Title Title Title: Evidence of title is missing Please provide evidence of title for the subject transaction. Reviewer Comment (2022-02-28): Received commitment


Seller Comment (2022-02-24): please see attached title commit, the final title policy is not available yet/
 02/28/2022 1 A NY Investment Refinance - Cash-out - Other C A C A A A No
217119771 437221158 24827622 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of [redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. The Appraisal desk review fee was not disclosed to the borrower on the loan estimate but it appeared on the closing disclosure with no cure provided. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-03-02): [Redact]: Suffcient cure provided at closing.


Seller Comment (2022-03-01): Cure included on final CD, please waive.
 03/02/2022 1 A NY Investment Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A N/A Exempt from ATR Yes
217119771 437221158 24827694 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Prepayment Penalty Amount TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with a prepayment payment disclosed the maximum prepayment penalty amount that does not match the actual maximum amount for the loan. Final Closing Disclosure provided on [redacted] with a prepayment payment disclosed the maximum prepayment penalty amount that does not match the actual maximum amount for the loan. Reviewer Comment (2022-03-15): Seller Acknowledges Exception.


Reviewer Comment (2022-03-08): Buyer to review.


Seller Comment (2022-02-25): Seller requests buyer review: Grade 2
 03/15/2022 2 B NY Investment Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A N/A Exempt from ATR Yes
217119771 437221158 24827704 Compliance Compliance Federal Compliance TILA TILA - Impermissible Prepayment Penalty Truth in Lending Act (Dodd-Frank 2014): Covered transaction contains impermissible prepayment penalty. Provide Business Purpose Certification. Loan testing as QM due to missing documentation. Reviewer Comment (2022-03-17): Rec'd BPC in trailing docs; exception cleared.


Seller Comment (2022-03-15): The business purpose certificate has been accepted post closing before. The purpose of the loan has not changed, please waive.


Reviewer Comment (2022-03-15): Please provide the Business Purpose Certificate dated at or prior to close.


Seller Comment (2022-03-11): Please see signed business purpose cert


Seller Comment (2022-03-11): Please see attached


Reviewer Comment (2022-03-02): The document that was uploaded is the Non QM Borrower Affirmation - [Redact].  Please provide the Business Purpose Certificate.


Seller Comment (2022-03-01): Please see attached borrower affirmation
 03/17/2022 1 A NY Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
217119771 437221158 24828133 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. No lender tolerance cure was provided in the file. Please provide VCC or cure to the borrower with a PC CD and evidence it was sent to the borrower with an explanation. Reviewer Comment (2022-03-02): [Redact] received CD dated [Redact]


Seller Comment (2022-03-01): Please see attached COC
 03/02/2022 1 A NY Investment Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A N/A Exempt from ATR Yes
217119771 437221158 24858691 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Rate Lock Fee.  Fee Amount of [redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-03-02): [Redact] received CD dated [Redact]


Seller Comment (2022-03-01): Please see attached COC
 03/02/2022 1 A NY Investment Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A N/A Exempt from ATR Yes
217119771 437221158 24886171 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___ Provide Underwriter Worksheet for all income sources. Reviewer Comment (2022-03-08): [Redact] Cleared.


Seller Comment (2022-03-04): Please see attached


Reviewer Comment (2022-03-02): We are in receipt of the UW Worksheet for all income sources; however, the P&L Statement and Balance Sheet for [Redact], are still missing.


Seller Comment (2022-02-28): Please see attached
 03/08/2022 1 A NY Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
217119771 437221158 24887190 Credit Credit Miscellaneous Guideline Credit Exception: Missing signed Business Purpose Certification. Reviewer Comment (2022-03-17): Rec'd BPC in trailing docs; exception cleared.


Seller Comment (2022-03-15): The business purpose certificate has been accepted post closing before. The purpose of the loan has not changed, please waive.


Reviewer Comment (2022-03-15): The Business Purpose was dated [Redact] and post close. Please provide at or prior to close.


Seller Comment (2022-03-11): Please see attached


Reviewer Comment (2022-03-02): The document that was uploaded is the Non QM Borrower Affirmation - [Redact].  Please provide the Business Purpose Certificate.


Seller Comment (2022-03-01): Please see the attached with page 1 included.


Reviewer Comment (2022-03-01): Only the second page of the Business Purpose Certificate was uploaded.  Please provide the first page of this document.


Seller Comment (2022-02-25): Please see attached
 03/17/2022 1 A NY Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
217119771 437221158 24925073 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of [redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. [redacted]: Suffcient cure provided at closing. Reviewer Comment (2022-03-02): Sufficient Cure Provided At Closing
 03/02/2022 1 A NY Investment Refinance - Cash-out - Other Final CD evidences Cure C B C A C B A A N/A Exempt from ATR Yes
217121274 437220725 24818330 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003 Please provide signed final 1003. Reviewer Comment (2022-03-21): Signed final 1003 received. Exception cleared


Seller Comment (2022-03-17): Final 1003 attached
 03/21/2022 1 A FL Investment Refinance - Cash-out - Other C B C B A A No
217121274 437220725 24818386 Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided Missing verification of Foreign National status. Reviewer Comment (2022-03-23): Received VISA and Passport to Verify the Non-US Citizen Status. Condition Cleared.


Seller Comment (2022-03-22): [Redact] Visa attached
 03/23/2022 1 A FL Investment Refinance - Cash-out - Other C B C B A A No
217121274 437220725 24818542 Credit Borrower and Mortgage Eligibility Credit Eligibility Borrower and Mortgage Eligibility Non-permanent Resident Aliens or Foreign Nationals are considered on a case by case basis.  Confirm residency requirements with Investor Guidelines. - Missing verification of Foreign National status. Reviewer Comment (2022-03-22): Seller acknowledges exception.
 03/22/2022 2 B FL Investment Refinance - Cash-out - Other C B C B A A No
217121274 437220725 24818551 Credit Fix and Flip General Fix and Flip Verification of Borrower's identity is missing. - Missing verification of Foreign National status.  Photo ID was not provided in file. Reviewer Comment (2022-03-23): Received VISA and Passport with photograph and signature. Condition Cleared.
 03/23/2022 1 A FL Investment Refinance - Cash-out - Other C B C B A A No
217121277 437221590 24823323 Credit Investment Product General Investment Product REO property does not have a lease in place and required by guidelines. - Please provide current lease for [redacted] or LOE why it cannot be furnished.  Appraisal shows current lease and DSCR calculator was done by UW with current lease amount. Leases in file are for a different property. Reviewer Comment (2022-03-15): Cleared.


Seller Comment (2022-03-11): Lease


Reviewer Comment (2022-03-09): Reviewed addendum to purchase contract that provided lease extension, however, lease is missing.  Exception remains.


Seller Comment (2022-03-07): extension addendum
 03/15/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
217121655 437220298 24818302 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		 Please provide a post disaster inspection dated after [redacted], which was the date of Hurricane XXXX. Reviewer Comment (2022-02-28): Client provided Post Disaster Inspection Report and photos dated [Redact].  Property did not suffer damage from remnants of [Redact].


Seller Comment (2022-02-24): see attached
 02/28/2022 1 A NY Investment Refinance - Rate/Term C A C A A A No
217121657 437220418 24823862 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided Promissory Note Section 3(d) states "prepayment note addendum attached", however the prepayment addendum is not included in the file. Provide prepayment addendum executed by the Borrowers. Reviewer Comment (2022-04-04): Received prepayment note addendum with the borrower name correction. Exception cleared


Seller Comment (2022-04-01): see attached


Reviewer Comment (2022-03-30): Received prepayment note addendum reflects borrower name incorrectly. Provide corrected prepayment note addendum reflecting borrower name as  [Redact]. Exception remains.


Seller Comment (2022-03-29): see attached
 04/04/2022 1 A NY Investment Purchase D B C B D A Yes
217121657 437220418 24824819 Credit Property - Appraisal Appraisal Data Integrity Property - Appraisal Appraisal not on GSE sanctioned form and thus FIRREA compliance is called into question. - Property type is a mixed use property with XXXX rental units in addition to a XXXX store. Subject property exceeds guideline maximum of XX units resulting in the subject property being ineligible per guidelines. Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

The qualifying [redacted] on the loan is greater than the guideline minimum.

Borrower's Experience/Track Record		 Borrower's Own Funds Percent: [redacted]
Borrower's Own Funds Amount: [redacted]

The qualifying [redacted] on the loan is greater than the guideline minimum.

Borrower's Experience/Track Record		 Owner,Originator

Originator

Originator		 Reviewer Comment (2022-02-28): Lender approved exception for Mixed Use & Multi-Unit Property.


Seller Comment (2022-02-24): see attached
 02/28/2022 2 B NY Investment Purchase D B C B D A No
217121657 437220418 24824867 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Supporting secondary BPO was provided.; Sec ID: 5 Note Date:  ___; Lien Position: ___ Property type is a mixed use property with XXXX rental units in addition to a XXXX store. Subject property exceeds guideline maximum of XX units resulting in the subject property being ineligible per guidelines. Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

The qualifying [redacted] on the loan is greater than the guideline minimum.

Borrower's Experience/Track Record		 Borrower's Own Funds Percent: [redacted]
Borrower's Own Funds Amount: [redacted]

The qualifying [redacted] on the loan is greater than the guideline minimum.

Borrower's Experience/Track Record		 Owner,Originator

Originator

Originator		 Reviewer Comment (2022-03-09): Commercial property, CDA is not available, BPO is an acceptable product.


Reviewer Comment (2022-03-08): This exception is a securitization requirement, a lender exception will not downgrade the finding.


Reviewer Comment (2022-02-28): Lender approved exception for Mixed Use & Multi-Unit Property.


Seller Comment (2022-02-24): see attached
 03/09/2022 1 A NY Investment Purchase D B C B D A No
217121657 437220418 24824952 Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Property type discrepancy. Property type is a mixed use property with XXXX rental units in addition to a XXXX store. Subject property exceeds guideline maximum of XX units resulting in the subject property being ineligible per guidelines. Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

The qualifying [redacted] on the loan is greater than the guideline minimum.

Borrower's Experience/Track Record		 Borrower's Own Funds Percent: [redacted]
Borrower's Own Funds Amount: [redacted]

The qualifying [redacted] on the loan is greater than the guideline minimum.

Borrower's Experience/Track Record		 Owner,Originator

Originator

Originator		 Reviewer Comment (2022-02-28): Lender approved exception for Mixed Use & Multi-Unit Property.


Seller Comment (2022-02-24): see attached
 02/28/2022 2 B NY Investment Purchase D B C B D A No
217121665 437220695 24818316 Compliance Compliance State Compliance State Defect Rhode Island Home Loan (High Cost Analysis Not In File) [redacted] Home Loan:  Loan file did not contain record(s) documenting high-cost home loan analysis. Loan file did not contain record(s) documenting high-cost home loan analysis. Provide high cost analysis or compliance report for subject loan. Reviewer Comment (2022-03-10): Cleared with [Redact].


Seller Comment (2022-03-08): see attached
 03/10/2022 1 A RI Primary Purchase C A A A C A A A Non QM Non QM No
217121665 437220695 24818317 Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted]% or [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-02-17): Sufficient Cure Provided At Closing
 02/17/2022 1 A RI Primary Purchase Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
217121665 437220695 25008307 Compliance Compliance State Compliance State Defect xxxx High Cost Analysis Timing [redacted] Home Loan:  High-cost Analysis not documented and substantiated prior to closing of the loan. Mavent provided is dated post close. Documentation analysis was completed prior to closing is needed. Reviewer Comment (2022-03-16): Rec'd pre-closing [Redact] in trailing docs; exception cleared.


Seller Comment (2022-03-14): see attached [Redact]
 03/16/2022 1 A RI Primary Purchase C A A A C A A A Non QM Non QM No
217121845 437221179 24838051 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Please provide evidence that the appraisal dated [redacted] was provided to borrower at least 3 days prior to consummation. Reviewer Comment (2022-03-04): Seller acknowledges exception.


Seller Comment (2022-03-03): please review and waive.


Seller Comment (2022-03-01): Seller requests buyer review: Ev2, please waive.
 03/04/2022 2 B NY Primary Purchase B B A A B B A A Non QM Non QM No
217121846 437221086 24831882 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-03-02): Received and associated Fraud Report. Exception cleared.


Seller Comment (2022-03-01): Please see attached
 03/02/2022 1 A NJ Second Home Purchase C A C A A A A A Non QM Non QM No
217121846 437221086 24831886 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided Reviewer Comment (2022-03-02): Received and associated 1008. Exception cleared.


Seller Comment (2022-03-01): Please see attached
 03/02/2022 1 A NJ Second Home Purchase C A C A A A A A Non QM Non QM No
217123522 437221168 24850603 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Hazard Insurance and Tax  verification documents not provided for [redacted] property Reviewer Comment (2022-03-02): Received Tax cert, HOA docs and Hazard insurance on [Redact]. Exception cleared.


Seller Comment (2022-03-01): see attached tx/ins for  [Redact]
 03/02/2022 1 A NY Primary Purchase C A C A A A A A Non QM Non QM No
217123874 437220282 24838076 Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. Please provide the verification of rent (VOR) for the borrower's primary residence. Reviewer Comment (2022-03-02): Received lease agreement and payment history to verify the rental payment on borrower's Primary residence '[Redact]. Exception cleared.


Seller Comment (2022-03-01): see attached
 03/02/2022 1 A NY Investment Purchase C A C A A A A A N/A Exempt from ATR No
217123874 437220282 24889887 Credit Credit Miscellaneous Guideline Credit Exception: Provide evidence of the state date of the borrower's places of employment and evidence the companies are still active. Reviewer Comment (2022-03-09): Cleared.


Seller Comment (2022-03-04): see attached


Reviewer Comment (2022-03-03): The CPA letter for [Redact] states the operation has been i business since [Redact] and does not state a specific date and there isn't documentation in the file verifying the business' inception date. The CPA letter for [Redact] does not state how long the business has been active a business start date. No other documentation in the file verifying [Redact] has been in business. Provide verification of business start states for both and [Redact] is active and in good standing. Exception remains.


Seller Comment (2022-03-01): see cpa letter
 03/09/2022 1 A NY Investment Purchase C A C A A A A A N/A Exempt from ATR No
217123875 437221109 24830759 Credit Credit Miscellaneous Guideline Credit Exception: There are two signed Prepayment Note Addendums, with two different sets of terms for the prepayment penalty; [redacted]% on one and [redacted] months interest on the other. Provide documentation that confirms the correct prepayment terms such as the rate lock, approval or screen shot that sets forth the terms of the prepayment. Reviewer Comment (2022-03-01): Client provided screen shot showing prepayment penalty is[Redact].


Seller Comment (2022-03-01): please review and clear.


Seller Comment (2022-02-25): see attached ppp screen shot-ppp term is[Redact]
 03/01/2022 1 A TX Investment Purchase C A C A A A No
217124789 437220861 24830005 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 An acceptable CU score or CDA was not provided. Reviewer Comment (2022-03-01): Received and associated CDA . Exception Cleared.


Seller Comment (2022-02-26): CDA
 03/01/2022 1 A IL Primary Purchase D A C A A A D A Non QM Non QM No
217124789 437220861 24830078 Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing. Hazard Insurance was not effective as of the Note Date/Disbursement Date. Reviewer Comment (2022-03-04): Client provided revised insurance document with coverage starting [Redact].


Seller Comment (2022-03-02): HOI 2-16
 03/04/2022 1 A IL Primary Purchase D A C A A A D A Non QM Non QM No
217124883 437221156 24837669 Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-02-18): Sufficient Cure Provided At Closing
 02/18/2022 1 A NY Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
217126745 437220761 24832809 Credit Insurance Insurance Analysis Insurance The Flood Insurance Policy effective date is after the Note Date. Flood  Insurance was not effective as of the Note Date/Disbursement Date. Reviewer Comment (2022-03-08): Flood effective date on new upload is [Redact]


Seller Comment (2022-03-04): Flood Ins effective date [Redact].
 03/08/2022 1 A NJ Second Home Purchase C A C A B A A A Non QM Non QM No
217126745 437220761 24835478 Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing. Hazard Insurance was not effective as of the Note Date/Disbursement Date. Reviewer Comment (2022-03-08): cleared per effective date uploaded on policy


Seller Comment (2022-03-04): EOI effective date [Redact].
 03/08/2022 1 A NJ Second Home Purchase C A C A B A A A Non QM Non QM No
217126745 437220761 24835693 Compliance Compliance Federal Compliance Missing Disclosure Acknowledgement of Borrower Receipt of Notice of Special Flood Hazard Disclosure Missing FDPA Notification Rule: Creditor did not retain record of borrower's receipt of Notice of Special Flood Hazard Disclosure. Notice of Special Flood Hazard Disclosure does not contain  signatures  from the borrowers Reviewer Comment (2022-03-18): Received and associated Notice of Special Flood Hazard Disclosure signed and dated by borrowers. Exception Cleared.


Seller Comment (2022-03-16): Signed Flood Disclosure
 03/18/2022 1 A NJ Second Home Purchase C A C A B A A A Non QM Non QM No
217126745 437220761 24835808 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Flood Hazard Cert.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Title-Flood Hazard Cert fee was not listed on the Loan Estimate. Fee increased from $[redacted] to $[redacted] Final Closing Disclosure. Cure provided to the borrower at closing Reviewer Comment (2022-02-18): Sufficient Cure Provided At Closing
 02/18/2022 1 A NJ Second Home Purchase Final CD evidences Cure C A C A B A A A Non QM Non QM Yes
217127888 437221088 24853124 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided Reviewer Comment (2022-03-01): Corporate Res received. Operating Agreement also in file.


Seller Comment (2022-02-25): see attached lox/corp doc
 03/01/2022 1 A PA Investment Refinance - Cash-out - Other C A C A A A No
217127888 437221088 24854177 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Rider - Other not provided The Prepayment Addendum to Note and Prepayment Rider attached to the note and security instrument included in the file state differing PPP terms. Provide evidence to confirm which PPP terms are accurate and why the borrowers signed differing PPP addenda and rider. Borrower to sign the correct Note addendum or  Rider stating the correct prepayment terms. Reviewer Comment (2022-03-01): Received the screen print for the PPP.


Seller Comment (2022-02-25): see attached screen shot-ppp term is[Redact], disregard other adden/rider.
 03/01/2022 1 A PA Investment Refinance - Cash-out - Other C A C A A A No
217131464 437221183 24854365 Credit Credit Miscellaneous Guideline Credit Exception: The file contains two different Prepayment Addendums. Provide documentation that confirms the correct Prepayment terms such as Approval, Rate Lock or screen shot that set forth the terms of the prepayment penalty. In the absence of these documents, a written attestation providing the correct terms is acceptable. Reviewer Comment (2022-03-01): Client provided screen shot showing prepayment penalty is[Redact]


Seller Comment (2022-02-25): see attached ppp screen shot-ppp is[Redact]
 03/01/2022 1 A TN Investment Refinance - Cash-out - Other C A C A A A No
217131589 437221185 24858397 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Please forward the tax verification fo the [redacted] property. Reviewer Comment (2022-03-02): Received LOE confirming that  Borrower is pay monthly co-op fee, The Co-op is responsible for paying Tax & Insurance. Taxes Insurance. Exception Cleared.


Seller Comment (2022-03-01): Good afternoon.  [Redact] is A prewar coop building. As such, there is no tax bill. The borrowers pay a monthly co-op fee, which includes taxes and insurance. The co-op is responsible for the paying the taxes and insurance on a co-op property. I ask that you please clear and/or waive this from the suspense notice. I have attached a copy of the co-op bill for your records. Thank you very much for your assistance.
 03/02/2022 1 A CA Primary Purchase C A C A A A A A Non QM Non QM No
217131594 437221155 24849452 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide signed Business Purpose Certificate. Reviewer Comment (2022-03-04): Client provided signed copy of Business Purpose Certificate.


Seller Comment (2022-03-02): Please see attached business affirmation
 03/04/2022 1 A NJ Investment Purchase C A C A A A No
217131599 437221526 24849026 Property Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. - The appraisal is subject to the water heaters being made accessible and inspected to confirm being double strapped and secured per health and safety code. Inspection report not included in the file. Provide inspection and photos of water heaters being double strapped as required by the appraiser. Reviewer Comment (2022-03-03): 442  / Completion Report dated [Redact] provided verifying repairs have been completed. Exception cleared.


Seller Comment (2022-02-28): Form1004D attached
 03/03/2022 1 A CA Investment Refinance - Cash-out - Other C A A A C A No
217133744 437221440 24849416 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. No valid change of circumstance or cure for borrower provided. Reviewer Comment (2022-03-04): [Redact] upon further review received a LE dated [Redact] and CD dated [Redact] and a valid COC's dated [Redact]  & [Redact] for Loan Discount Points.


Seller Comment (2022-03-02): COC CD CD for rate lock change with increase discount points


Seller Comment (2022-03-02): COC LE for Rate lock with increase in discount points
 03/04/2022 1 A CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
217133744 437221440 24849417 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. No valid change of circumstance or cure for borrower provided Reviewer Comment (2022-03-04): [Redact] upon further review received a LE dated [Redact] and a valid COC dated [Redact]for Appraisal Fee increases.


Seller Comment (2022-03-02): COC LE for appraisal Fee increase
 03/04/2022 1 A CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
217133744 437221440 24849433 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Third Party verification of [redacted] years self employment not provided. Reviewer Comment (2022-03-04): Client provided copy of [Redact]/Employer Letter verifying borrower's length of self-employment.


Seller Comment (2022-03-02): [Redact] letter


Seller Comment (2022-03-02): 1099 ([Redact] & [Redact])


Seller Comment (2022-03-02): UW comments regarding VOE
 03/04/2022 1 A CA Primary Purchase C A C A C A A A Non QM Non QM No
217133745 437221487 24850005 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided Reviewer Comment (2022-03-09): Received Approval and document associated. Exception cleared.


Seller Comment (2022-03-08): Approval attached
 03/09/2022 1 A HI Primary Purchase C A C A A A A A Non QM Non QM No
217133745 437221487 24850017 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-03-09): Received Fraud Report, Exception Cleared


Seller Comment (2022-03-07): Fraud Report attached
 03/09/2022 1 A HI Primary Purchase C A C A A A A A Non QM Non QM No
217133745 437221487 24850408 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - DCCA verifies business origination date is [redacted] which is less than [redacted] years history. Reviewer Comment (2022-03-22): Previous employment verified and meets guidelines.


Seller Comment (2022-03-17): Google Search-


Seller Comment (2022-03-17): VOE
 03/22/2022 1 A HI Primary Purchase C A C A A A A A Non QM Non QM No
217133745 437221487 24850544 Credit Credit Credit Documentation Guideline Aged document: Credit Report  is more than 90 days prior to the note date. - Reviewer Comment (2022-03-10): CBR valid for 120 days.


Seller Comment (2022-03-08): o UW Comments: the investor credit report requirements are 120 days vs the 90 days stated in the findings
 03/10/2022 1 A HI Primary Purchase C A C A A A A A Non QM Non QM No
217133745 437221487 24850583 Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. Reviewer Comment (2022-03-09): Borrower has no primary housing expense and is a first time home buyer as per final 1003. As per the guidelines, no rent or mortgage history is required for First Time Home Buyers. Underwriter comments in 1008 also reflects Prior living history waive - living rent free. Exception cleared.


Seller Comment (2022-03-08): Final 1008


Seller Comment (2022-03-08): o UW Comments: the VOR for the departing residency was waived as the borrower was qualified under the investor First time homebuyers guidelines.  Please see my comments on the final 1008
 03/09/2022 1 A HI Primary Purchase C A C A A A A A Non QM Non QM No
217133754 437221472 24869617 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Per the final 1003 the  monthly expenses for [redacted] is $[redacted], however the documents provided to document the expenses total $[redacted].Please provide the additional expense documents (There is a $[redacted] variance) Reviewer Comment (2022-03-11): Received and associated revised 1008 and 1003 reflecting correct monthly payment of [Redact]152.25 for the property at [Redact] [Redact]. Exception Cleared.


Seller Comment (2022-03-10): - revised figures and printed 1003 & 1008 attached reflecting corrected figure of [Redact]
 03/11/2022 1 A AZ Second Home Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
217133754 437221472 24869824 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Please provide the underwriters 1084 income worksheet for [redacted]. Reviewer Comment (2022-03-14): UW Income analysis Worksheet for [Redact] received.


Seller Comment (2022-03-10): bank stmt worksheet - [Redact] attached
 03/14/2022 1 A AZ Second Home Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
217133754 437221472 24870157 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. The loan is failing ATR due to the missing Underwriter's income calculation worksheet. Reviewer Comment (2022-03-25): Loan is Non-QM.


Seller Comment (2022-03-23): We are using the [Redact] program. There is nothing stating we need 6 months for this income type.  Please see attached memo


Reviewer Comment (2022-03-22): The assets are for income verification per the [Redact] income program. We have 4 months of asset bank statements, but need 6 months of asset bank statements for this portion of the income. Please forward an additional 2 months for acct [Redact], [Redact] and [Redact].


Reviewer Comment (2022-03-14): [Redact] income verified by four bank statements from [Redact] [Redact] to [Redact] [Redact]. Provide [Redact] [Redact] and [Redact] personal bank statements for the accounts used for [Redact] income ([Redact], [Redact] and [Redact]) . Exception remains.


Seller Comment (2022-03-10): - condition should be cleared once attached items for other conditions reviewed.
 03/25/2022 1 A AZ Second Home Refinance - Cash-out - Other Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM Yes
217133754 437221472 24896598 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Asset Depletion Income Ability to Repay (Dodd-Frank 2014):  Unable to verity asset depletion income due to, bank statement provided was dated more than [redacted] days prior to closing. Per guidelines, the most recent [redacted] are to be used to calculate income.  The most recent statement provided is dated [redacted].  Provide revised Underwriter Worksheet, 1003, 1008 and bank statements that are within [redacted] days of closing. Reviewer Comment (2022-03-25): Guidelines allow for documents to be up to 120 days old.


Seller Comment (2022-03-23): We are using the [Redact] program. There is nothing stating we need 6 months for this income type.  Please see attached memo


Reviewer Comment (2022-03-22): The assets are for income verification per the [Redact] income program. We have 4 months of asset bank statements, but need 6 months of asset bank statements for this portion of the income. Please forward an additional 2 months for acct [Redact], [Redact] and [Redact].


Seller Comment (2022-03-18): The [Redact] statement was not 120 days old at Note date. Guidelines state 120 days old at the end date of the statement. [Redact] ended [Redact] and the loan funded [Redact]

We don't need them. These are not the assets used. The assets we used, do not need 6 months of statements, according to the guidelines.


Reviewer Comment (2022-03-14): [Redact] income verified by four bank statements from [Redact] [Redact] to [Redact] [Redact]. Provide [Redact] [Redact] and [Redact] personal bank statements for the accounts used for [Redact] income ([Redact], [Redact] and [Redact]) . Exception remains.


Seller Comment (2022-03-10): UW comments attached
 03/25/2022 1 A AZ Second Home Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
217133754 437221472 24896599 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Bank Statements Ability to Repay (Dodd-Frank 2014):  Unable to verity [redacted] income due to, bank statement provided was dated more than [redacted] days prior to closing, CPA letter provided was dated more than [redacted] days prior to closing. Per guidelines, the most recent banks statements are to be used to calculate income.  The most recent statement provided is dated [redacted].  Provide revised Underwriter Worksheet, 1003, 1008 and bank statements that are within [redacted] days of closing.  In addition, the CPA Letter is dated more than [redacted] days prior to closing. A CPA Letter dated within [redacted] days of closing is required. Reviewer Comment (2022-03-14): Later dated CPA letter received for [Redact] and[Redact], LLC received.


Seller Comment (2022-03-10): CPA letter  [Redact]


Seller Comment (2022-03-10): UW comments
 03/14/2022 1 A AZ Second Home Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
217133754 437221472 24896600 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Bank Statements Ability to Repay (Dodd-Frank 2014):  Unable to verity [redacted] income due to, bank statement provided was dated more than [redacted] days prior to closing, CPA letter provided was dated more than [redacted] days prior to closing. Per guidelines, the most recent banks statements are to be used to calculate income.  The most recent statement provided is dated [redacted].  Provide revised Underwriter Worksheet, 1003, 1008 and bank statements that are within [redacted] days of closing.  In addition, the CPA Letter is dated more than [redacted] days prior to closing. A CPA Letter dated within [redacted] days of closing is required. Reviewer Comment (2022-03-14): Later dated CPA letter received for [Redact] and [Redact] received.


Seller Comment (2022-03-10): UW comments


Seller Comment (2022-03-10): CPA  [Redact]
 03/14/2022 1 A AZ Second Home Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
217135634 437220870 24857401 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-03-03): DRIVE/Fraud Report dated [Redact] received. Exception cleared
 03/03/2022 1 A CA Investment Purchase C A C A A A No
217135634 437220870 24858000 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided Reviewer Comment (2022-03-03): DRIVE/Fraud Report dated [Redact] received. Exception cleared.


Seller Comment (2022-03-01): Fraud report
 03/03/2022 1 A CA Investment Purchase C A C A A A No
217135634 437220870 24858001 Credit Credit Credit Documentation Credit Missing Document: OFAC not provided Reviewer Comment (2022-03-03): DRIVE/Fraud Report dated [Redact] including OFAC check received. Exception cleared.


Seller Comment (2022-03-01): Fraud report
 03/03/2022 1 A CA Investment Purchase C A C A A A No
217135634 437220870 24858152 Credit Credit Credit Documentation Credit OFAC was not checked and required per guidelines. - Reviewer Comment (2022-03-03): DRIVE/Fraud Report dated [Redact] including OFAC check received. Exception cleared.


Seller Comment (2022-03-01): Fraud report
 03/03/2022 1 A CA Investment Purchase C A C A A A No
217135634 437220870 24858154 Credit Credit Credit Documentation Credit Background check is missing. - Reviewer Comment (2022-03-03): DRIVE/Fraud Report dated [Redact] received. Exception cleared.


Seller Comment (2022-03-01): Fraud report
 03/03/2022 1 A CA Investment Purchase C A C A A A No
217135635 437220806 24856742 Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy effective date is after the funds disbursed. Hazard Insurance Policy Effective Date ___; Disbursement Date: ___; Note Date: ___; Transaction Date: ___ Policy in file is has an effective date of [redacted], which is after the note date of [redacted]. Reviewer Comment (2022-03-01): Received executed copy of Master Final Settlement Statement which reflects the disbursement date of [Redact] and HOI policy is effective before the disbursement date, hence exception cleared.


Seller Comment (2022-02-28): FSS


Seller Comment (2022-02-28): The CD should suffice, FSS not needed please advise on the regulation for this exception


Reviewer Comment (2022-02-28): A PCCD will not clear this exception.  Provide Certified Copy of Final Settlement Statement from the closing company showing the disbursement date.


Seller Comment (2022-02-24): PCCD disbursed[Redact] Clear condition
 03/01/2022 1 A CA Investment Purchase C A C A A A No
217135673 437221138 24895991 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Appraisal delivery document in file dated [redacted].  We do not have the corresponding appraisal for this delivery document.  Provide a copy of this appraisal as well as the appraisal delivery document for the Revised/Final appraisal dated [redacted]. Reviewer Comment (2022-04-08): Seller Acknowledges Exception.


Seller Comment (2022-03-01): Seller requests buyer review: Grade 2
 04/08/2022 2 B WA Primary Refinance - Cash-out - Other B B A A B B A A Non QM Non QM No
217135682 437221096 24862209 Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - Provide the statement for the month ending [redacted] for account [redacted]. Sixty days account statements required. Reviewer Comment (2022-03-04): Client provided [Redact] statement ending [Redact] for [Redact].


Seller Comment (2022-03-02): see attached
 03/04/2022 1 A MS Primary Refinance - Rate/Term C B C A C B A A Non QM Non QM No
217135682 437221096 24862247 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). Title Processing Fee not included in Finance Charge calculated at origination. Reviewer Comment (2022-03-29): [Redact] received RTC and proof of delivery.


Seller Comment (2022-03-25): see attached rtc/lox and proof of mailing


Reviewer Comment (2022-03-23): [Redact] received Corrected CD, LOE to borrower, copy of cure for the underdisclosure of [Redact] and proof of delivery.  We are missing proof of reopening rescission to finalize cure on this Material Disclosure violation as this was a primary residence rescindable transaction.


Seller Comment (2022-03-22): see attached pccd docs.


Reviewer Comment (2022-03-11): [Redact] received fee purpose clarification.  However the track & release fee: While a fee for preparing loan-related documents, such as a reconveyance, would be excludable under 1026.4(c)(7), there is not a similar exclusion available for the tracking of same reconveyance. As a result, if it can be determined the purpose of this fee was entirely for the preparation, we can exclude accordingly. If there is a portion that can be attributed to preparation with the remainder to the tracking, we can also allocate that accordingly to exclude those preparation amounts that fall under 4c7. However, without visibility as to the actual allocation, the fee is conservatively treated as a finance charge. Ideally, an attestation from Settlement Agent can be accepted to further explain the purpose and allocation of the fee. §1026.4(c)(7): Real-estate related fees. The following fees in a transaction secured by real property or in a residential mortgage transaction, if the fees are bona fide and reasonable in amount:
  Fees for title examination, abstract of title, title insurance, property survey, and similar purposes.
(ii) Fees for preparing loan-related documents, such as deeds, mortgages, and reconveyance or settlement documents.
The purpose for release and tracking would be a finance charge and cure is due borrower. Corrected CD, LOE to borrower, copy of cure for total underdisclosure, proof of mailing and the reopening of rescission.


Seller Comment (2022-03-10): see attached trid/compliance rebuttal.


Reviewer Comment (2022-03-07): [Redact] received Final CD and Compliance report.  Appears lender did not include the Title-Title Processing fee of [Redact] in the finance charge calculation.  A processing fee would be a finance charge.  We are unable to determine any other fee purpose and include it in the calculation.  If lender feels fee is not a finance charge, provide an attestation from the Title company as to the purpose of this fee for review and re-testing.  Otherwise, underdisclosure of [Redact] exists which exceeds tolerance for refinance and cure would be Corrected CD, LOE to borrower, copy of cure for full underdisclosure amount to borrower, proof of mailing and the reopening of rescission.


Seller Comment (2022-03-03): see attached final cd and [Redact].
 03/29/2022 2 B MS Primary Refinance - Rate/Term TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
217135688 437220748 24872844 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Reviewer Comment (2022-03-18): Seller acknowledges exception.


Seller Comment (2022-03-17): Appraisal Acknowledgement
 03/18/2022 2 B NY Primary Refinance - Cash-out - Other B B A A B B A A Non QM Non QM No
217135689 437220754 24872586 Compliance Compliance Federal Compliance TILA TILA - Impermissible Prepayment Penalty Truth in Lending Act (Dodd-Frank 2014): Covered transaction contains impermissible prepayment penalty. Loan testing as QM due to missing signed Business Purpose Certificate. Reviewer Comment (2022-04-04): Received Business Purpose Cert.


Seller Comment (2022-03-31): Business Purpose Cert attached


Reviewer Comment (2022-03-21): [Redact]:  The closing disclosures reflect there is a Prepayment Penalty as high as [Redact] if you pay off the loan during the first 3 years. This exception has not yet been resolved.


Seller Comment (2022-03-16): Non-QM attached
 04/04/2022 1 A CA Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
217135689 437220754 24893566 Credit Credit Miscellaneous Guideline Credit Exception: Business purpose letter or explanation for cash out funds missing. Reviewer Comment (2022-04-04): Received Business Purpose Cert.


Seller Comment (2022-03-31): Business Purpose Cert uploaded [Redact]
 04/04/2022 1 A CA Investment Refinance - Cash-out - Other C A C A C A A A N/A Exempt from ATR No
217135691 437220760 24869273 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Missing personal bank statement for B1 with the end date of [redacted] Reviewer Comment (2022-03-09): Cleared.


Seller Comment (2022-03-04): ATR
 03/09/2022 1 A NY Primary Purchase C A C A C A A A Non QM Non QM No
217135691 437220760 24869299 Credit Missing Document General Missing Document Missing Document: Bank Statements - Personal not provided Personal Bank Statement with [redacted] end date not provided Reviewer Comment (2022-03-09): Cleared. document provided.


Seller Comment (2022-03-04): End of [Redact]
 03/09/2022 1 A NY Primary Purchase C A C A C A A A Non QM Non QM No
217135691 437220760 24879876 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Waterfall due to DTI. Reviewer Comment (2022-03-16): Updated worksheets and 1008 including savings account as a secondary income source for self employed Borrower received.


Seller Comment (2022-03-14): Revised documents -


Seller Comment (2022-03-14): Borrower and Co-borrower have two bank accounts where they deposit their income. Both accounts are with [Redact]. Due to the co-mingled, accounts UW is unable to determine which deposits may be from the spouse. Since both are on title, UW has taken into account both bank accounts, removed the ineligible amounts, including tax refunds, tax credits, UI, and all transfers between the two accounts. UW added back all possible spousal net paychecks, and then deducted out the borrower's estimated net take home pay based on the [Redact] and [Redact] W-2's and deductions shown on said W-2s'. UW also deducted out of the  Dues (per LOE) of $[Redact] ($[Redact] per weekly paycheck - see paystub - but not shown on W-2 as these are most likely not tax deductible. UW used income for [Redact] of $[Redact].  This worksheet shows that the income used is supported.  UW is submitting 3 income calculation worksheets on this this loan file. Please see the updated income worksheets.


Reviewer Comment (2022-03-11): UW explanation letter details the deposits included from the [Redact], [Redact] and [Redact] [Redact] stmts (3) used in qualifying, however justification was not provided for the $[Redact]/$[Redact]/$[Redact] ([Redact] stmt) $[Redact] ([Redact] stmt) and $[Redact] ([Redact]0 stmt) mobile deposits when other mobile deposits were excluded. Provide evidence that those deposits are eligible. Exception remains.


Seller Comment (2022-03-09): Please review the LOE from the UW


Reviewer Comment (2022-03-09): Exception remains see prior comments. Discrepancy in excluded deposits for [Redact], [Redact] (note 3 statements for this month) and[Redact].


Seller Comment (2022-03-08): Income Calculator


Reviewer Comment (2022-03-08): The Business Bank Statement worksheet does not reflect all the the deposits that should be netted from the totals for statement ending [Redact] (should be total of [Redact] netted from total) and statement ending [Redact] (should be total of[Redact] netted from total) and statement ending [Redact] (should be total of[Redact]).  When the applicable unsourced deposits are netted from deposit totals, the DTI exceeds [Redact].  The exception remains.


Seller Comment (2022-03-04): ATR
 03/16/2022 1 A NY Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
217135691 437220760 24879878 Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and [redacted]) of [redacted]% moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) 1008 reflects a DTI of [redacted]. Reviewer Comment (2022-03-16): Updated worksheets and 1008 including savings account as a secondary income source for self employed borrower received.


Seller Comment (2022-03-14): Revised docs


Seller Comment (2022-03-14): Borrower and Co-borrower have two bank accounts where they deposit their income. Both accounts are with [Redact]. Due to the co-mingled, accounts UW is unable to determine which deposits may be from the spouse. Since both are on title, UW has taken into account both bank accounts, removed the ineligible amounts, including tax refunds, tax credits, UI, and all transfers between the two accounts. UW added back all possible spousal net paychecks, and then deducted out the borrower's estimated net take home pay based on the [Redact] and [Redact] W-2's and deductions shown on said W-2s'. UW also deducted out of the  Dues (per LOE) of $[Redact] ($[Redact] per weekly paycheck - see paystub - but not shown on W-2 as these are most likely not tax deductible. UW used income for [Redact] of $[Redact].  This worksheet shows that the income used is supported.  UW is submitting 3 income calculation worksheets on this this loan file. Please see the updated income worksheets.


Reviewer Comment (2022-03-11): UW explanation letter details the deposits included from the [Redact], [Redact] and [Redact] [Redact] stmts (3) used in qualifying, however justification was not provided for the $[Redact]/$[Redact]/$[Redact] ([Redact] stmt) $[Redact] ([Redact] stmt) and $[Redact] ([Redact]0 stmt mobile deposits when other mobile deposits were excluded. Provide evidence that those deposits are eligible. Exception remains.


Seller Comment (2022-03-09): Please review the LOE from the UW


Reviewer Comment (2022-03-09): Exception remains see prior comments. Discrepancy in excluded deposits for [Redact], [Redact] (note 3 statements for this month) and[Redact].


Seller Comment (2022-03-08): Income Calculator


Reviewer Comment (2022-03-08): The Business Bank Statement worksheet does not reflect all the the deposits that should be netted from the totals for statement ending [Redact] (should be total of [Redact] netted from total) and statement ending [Redact] (should be total of [Redact] netted from total) and statement ending [Redact] (should be total of [Redact]).  When the applicable unsourced deposits are netted from deposit totals, the DTI exceeds [Redact].  The exception remains.


Seller Comment (2022-03-04): ATR
 03/16/2022 1 A NY Primary Purchase C A C A C A A A Non QM Non QM No
217135691 437220760 24880017 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Income on the 1008 was higher than the income calculated at review. DTI increased over [redacted]%. Please provide updated 1003 and 1008. Reviewer Comment (2022-03-16): Updated worksheets and 1008 including savings account as a secondary income source for self employed Borrower received.


Seller Comment (2022-03-14): Revised


Seller Comment (2022-03-14): Borrower and Co-borrower have two bank accounts where they deposit their income. Both accounts are with [Redact]. Due to the co-mingled, accounts UW is unable to determine which deposits may be from the spouse. Since both are on title, UW has taken into account both bank accounts, removed the ineligible amounts, including tax refunds, tax credits, UI, and all transfers between the two accounts. UW added back all possible spousal net paychecks, and then deducted out the borrower's estimated net take home pay based on the [Redact] and [Redact] W-2's and deductions shown on said W-2s'. UW also deducted out of the  Dues (per LOE) of [Redact] ([Redact]per weekly paycheck - see paystub - but not shown on W-2 as these are most likely not tax deductible. UW used income for [Redact] of[Redact].  This worksheet shows that the income used is supported.  UW is submitting 3 income calculation worksheets on this this loan file. Please see the updated income worksheets.


Reviewer Comment (2022-03-11): UW explanation letter details the deposits included from the [Redact], [Redact] and [Redact] [Redact] stmts (3) used in qualifying, however justification was not provided for the $[Redact]/$[Redact]/$[Redact] ([Redact] stmt) $[Redact] ([Redact] stmt) and $[Redact] ([Redact]0 stmt mobile deposits when other mobile deposits were excluded. Provide evidence that those deposits are eligible. Exception remains.


Seller Comment (2022-03-09): Please review the LOE from the UW


Reviewer Comment (2022-03-09): Exception remains see prior comments. Discrepancy in excluded deposits for [Redact], [Redact] (note 3 statements for this month) and[Redact].


Seller Comment (2022-03-08): Income Calculator


Reviewer Comment (2022-03-08): The Business Bank Statement worksheet does not reflect all the the deposits that should be netted from the totals for statement ending [Redact] (should be total of [Redact] netted from total) and statement ending [Redact] (should be total of [Redact]netted from total) and statement ending [Redact] (should be total of [Redact]).  When the applicable unsourced deposits are netted from deposit totals, the DTI exceeds [Redact].  The exception remains.


Seller Comment (2022-03-04): 1008
 03/16/2022 1 A NY Primary Purchase C A C A C A A A Non QM Non QM No
217135691 437220760 24880111 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. DTI increased over [redacted]%. PLease provide updated 1003 and 1008. Reviewer Comment (2022-03-16): Updated worksheets and 1008 including savings account as a secondary income source for self employed Borrower received.


Seller Comment (2022-03-14): Revised


Seller Comment (2022-03-14): Borrower and Co-borrower have two bank accounts where they deposit their income. Both accounts are with [Redact]. Due to the co-mingled, accounts UW is unable to determine which deposits may be from the spouse. Since both are on title, UW has taken into account both bank accounts, removed the ineligible amounts, including tax refunds, tax credits, UI, and all transfers between the two accounts. UW added back all possible spousal net paychecks, and then deducted out the borrower's estimated net take home pay based on the [Redact] and [Redact] W-2's and deductions shown on said W-2s'. UW also deducted out of the  Dues (per LOE) of[Redact] ([Redact] per weekly paycheck - see paystub - but not shown on W-2 as these are most likely not tax deductible. UW used income for[Redact] of [Redact].  This worksheet shows that the income used is supported.  UW is submitting 3 income calculation worksheets on this this loan file. Please see the updated income worksheets.


Reviewer Comment (2022-03-11): UW explanation letter details the deposits included from the [Redact], [Redact] and [Redact] [Redact] stmts (3) used in qualifying, however justification was not provided for the $[Redact]/$[Redact]/$[Redact] ([Redact] stmt) $[Redact] ([Redact] stmt) and $[Redact] ([Redact]0 stmt mobile deposits when other mobile deposits were excluded. Provide evidence that those deposits are eligible. Exception remains.


Seller Comment (2022-03-09): Please review the LOE from the UW


Reviewer Comment (2022-03-09): Exception remains see prior comments. Discrepancy in excluded deposits for [Redact], [Redact] (note 3 statements for this month) and[Redact].


Seller Comment (2022-03-08): Income Calculator


Reviewer Comment (2022-03-08): The Business Bank Statement worksheet does not reflect all the the deposits that should be netted from the totals for statement ending [Redact] (should be total of [Redact] netted from total) and statement ending [Redact] (should be total of [Redact] netted from total) and statement ending [Redact] (should be total of [Redact]).  When the applicable unsourced deposits are netted from deposit totals, the DTI exceeds [Redact].  The exception remains.


Seller Comment (2022-03-04): ATR
 03/16/2022 1 A NY Primary Purchase C A C A C A A A Non QM Non QM No
217135692 437220735 24865158 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Tax verification provided does not reflect tax amount. Reviewer Comment (2022-03-25): As per Lender Guideline for method one calculation, Taxes, Insurance and HOA dues for non subject properties do not need to be document. Exception Cleared


Seller Comment (2022-03-23): Please see memo attached
 03/25/2022 1 A TN Primary Purchase C B C A C B A A Non QM Non QM No
217135692 437220735 24868588 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [redacted] of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. The annual insurance premium is $[redacted].  The annual real estate taxes are $[redacted] (from title commitment).  Provide PCCD with corrections to escrow information on page one and page four along with a copy of the explanation letter to the borrower and proof of delivery. Reviewer Comment (2022-03-18): Seller acknowledges exception.
 03/18/2022 2 B TN Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
217135695 437220603 24871142 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Provide all appraisals done for the loan and evidence they were all sent to the borrower at least 3 days prior to closing. Reviewer Comment (2022-03-18): Seller acknowledges exception.


Seller Comment (2022-03-18): Appraisal signature date is [Redact].  Appraisal acknowledgement was signed on [Redact].  Please advise the reason for this exception given the dates.
 03/18/2022 2 B NJ Primary Purchase B B A A B B A A Non QM Non QM No
217135700 437221123 24862474 Credit Loan Package Documentation Closing / Title Loan Package Documentation Note Error: Interest only period is blank. We have conflicting information in file - Note states I/O and I/O period is blank and SI has no I/O rider checked - Lender to correct/provide supporting documentation. Reviewer Comment (2022-03-09): Received the corrected Fixed rate (no IO) Note. Min matches SI.


Seller Comment (2022-03-07): Please see attached note


Reviewer Comment (2022-03-04): Provide documentation that confirms the correct Note terms such as Approval, Rate Lock or screen shot that set forth the terms.
 03/09/2022 1 A FL Investment Purchase C A C A A A No
217135700 437221123 24863089 Credit Loan Package Documentation Closing / Title Loan Package Documentation (Missing Doc) Missing Note Addendum: Note P&I does not match calculated P&I We have conflicting information in file - Note states I/O and I/O period is blank and SI has no I/O rider checked - Lender to correct/provide supporting documentation. Reviewer Comment (2022-03-09): Received Note document reflecting loan is 30 Years Fixed. Also verified with other docs like Rate lock (Doc ID 0421), Amortization Schedule, the loan is 30-year Fixed. Exception cleared.


Seller Comment (2022-03-07): Please see attached note


Reviewer Comment (2022-03-04): Provide documentation that confirms the correct Note terms such as Approval, Rate Lock or screen shot that set forth the terms.
 03/09/2022 1 A FL Investment Purchase C A C A A A No
217135700 437221123 24863379 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: ACH Verification not provided ACH is required under the [redacted] Program but is missing from the file.  Please provide fully executed ACH Agreement. Reviewer Comment (2022-03-04): ACH Received.


Seller Comment (2022-03-01): Please see attached ACH
 03/04/2022 1 A FL Investment Purchase C A C A A A No
217136707 437220214 24863023 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided Please provide required Business Entity documentation for [redacted]. Reviewer Comment (2022-03-02): Received Form SS-4. Exception cleared


Seller Comment (2022-03-01): [Redact] [Redact] - EIN
 03/02/2022 1 A CO Investment Refinance - Cash-out - Other C A C A A A No
217136707 437220214 24863085 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Final policy not provided. Reviewer Comment (2022-03-02): Received Final Title with Policy amount of [Redact] Exception Cleared.
 03/02/2022 1 A CO Investment Refinance - Cash-out - Other C A C A A A No
217136707 437220214 24863090 Credit Title General Title Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2022-03-02): Received Final Title with Policy amount of [Redact] Exception Cleared.


Seller Comment (2022-03-01): [Redact] [Redact] -  Please see attached Title policy
 03/02/2022 1 A CO Investment Refinance - Cash-out - Other C A C A A A No
217136709 437220219 24863746 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide the fraud report. Reviewer Comment (2022-03-02): Received Fraud report from Drive. Exception Cleared.


Seller Comment (2022-03-01): [Redact] [Redact] - sent to investor - Data Verify report from file
 03/02/2022 1 A CO Investment Refinance - Cash-out - Other C A C A A A No
217136709 437220219 24863929 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided Please provide the employer identification number (EIN), SS-4. Reviewer Comment (2022-03-03): Received form SS-4 reflecting the Employer Identification Number and document associated. Exception cleared.


Seller Comment (2022-03-01): [Redact] [Redact] - [Redact] LLC package - see pg 5
 03/03/2022 1 A CO Investment Refinance - Cash-out - Other C A C A A A No
217136709 437220219 24863931 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided Please provide the fraud report, which includes the background check. Reviewer Comment (2022-03-03): DRIVE Scoring Results received. Exception cleared.


Seller Comment (2022-03-01): [Redact] [Redact] - sent to investor - Data Verify report from file
 03/03/2022 1 A CO Investment Refinance - Cash-out - Other C A C A A A No
217136709 437220219 24863984 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Preliminary title provided. Reviewer Comment (2022-03-03): Final title policy received verifying correct loan amount coverage. Exception cleared.
 03/03/2022 1 A CO Investment Refinance - Cash-out - Other C A C A A A No
217136709 437220219 24863986 Credit Title General Title Title Policy Coverage is less than Original Loan Amount. Please provide an updated title commitment, or final title policy, with coverage of $[redacted]. There is a  title insurance coverage shortfall of $[redacted], based on the preliminary title commitment. Reviewer Comment (2022-03-03): Final title policy received verifying correct loan amount coverage. Exception cleared.


Seller Comment (2022-03-01): [Redact] [Redact] - Lender's policy jacket


Seller Comment (2022-03-01): [Redact] [Redact] - Full lender Policy
 03/03/2022 1 A CO Investment Refinance - Cash-out - Other C A C A A A No
217136711 437220217 24863093 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Bylaws not provided Please provide the bylaws. Reviewer Comment (2022-03-04): Client provided By-Laws as requested.


Seller Comment (2022-03-01): [Redact] [Redact] - please see  attached Bylaws
 03/04/2022 1 A MD Investment Refinance - Cash-out - Other C A C A A A No
217136711 437220217 24866281 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Please provide a replacement cost estimator in the amount of $[redacted] or less, or provide an updated hazard insurance policy with dwelling coverage of $[redacted]. There is a hazard insurance coverage shortfall of $[redacted]. Reviewer Comment (2022-03-11): Blanket and HO6 provided.


Seller Comment (2022-03-09): [Redact] [Redact] - see attached - Property is an end-unit attached PUD, Master insurance policy indicates replacement cost for original plans and specifications.  Borrower has personal EOI indicating replacement cost coverage.


Seller Comment (2022-03-09): 0309 [Redact] - see attached  - Property is an end-unit attached PUD, Master insurance policy indicates replacement cost for original plans and specifications.  Borrower has personal EOI indicating replacement cost coverage.
 03/11/2022 1 A MD Investment Refinance - Cash-out - Other C A C A A A No
217136920 437221131 24866852 Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided Please provide copies of Permanent Resident cards for both borrowers. Reviewer Comment (2022-03-02): Received copies of unexpired Permanent Resident cards for both the borrowers and documents associated. Exception cleared.


Seller Comment (2022-03-01): see attached bwr id.
 03/02/2022 1 A AZ Investment Purchase C A C A A A No
217136920 437221131 24867020 Credit Fix and Flip General Fix and Flip Verification of Borrower's identity is missing. - Copies of permanent resident cards are missing. Reviewer Comment (2022-03-02): Received copies of unexpired Permanent Resident cards for both the borrowers and documents associated. Exception cleared.


Seller Comment (2022-03-01): see attached bwr id.
 03/02/2022 1 A AZ Investment Purchase C A C A A A No
217136920 437221131 24867591 Credit Credit Miscellaneous Guideline Credit Exception: There are two signed Prepayment Note Addendums, with two different sets of terms for the prepayment penalty; [redacted]% on one and [redacted] months interest on the other. Provide documentation that confirms the correct prepayment terms such as the rate lock, approval or screen shot that sets forth the terms of the prepayment. Reviewer Comment (2022-03-03): Screen shot received verifying correct prepayment penalty terms. Exception cleared.


Seller Comment (2022-03-01): see attached ppp screen shot-correct term is[Redact].
 03/03/2022 1 A AZ Investment Purchase C A C A A A No
217136920 437221131 24867702 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Rider - Other not provided Please provide page 2 of the Prepayment Rider to the Security Agreement signed by the borrowers. Reviewer Comment (2022-03-04): Prepayment Rider including signature page received. Exception cleared.


Seller Comment (2022-03-01): see attached ppp rider-all pgs
 03/04/2022 1 A AZ Investment Purchase C A C A A A No
217137235 437220176 24870009 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [redacted] business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. Borrower received the loan estimate electronically on the [redacted] prior to when the borrower  signed the consent to receive disclosure digitally/ electronically on [redacted] Reviewer Comment (2022-03-07): [Redact] Received Disclosure tracking showing LE mailed on [Redact]


Seller Comment (2022-03-03): [Redact] [Redact] -  LE- Timing Electronically- Disclosures must be sent to borrower within three days of application taken on [Redact]
The disclosures were sent out on the 3rd day [Redact] (In Compliance with three day rule)
Borrower opened the packaged on[Redact] (had to e-consent before opening/viewing pkg)
 03/07/2022 1 A CT Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
217137235 437220176 24870154 Compliance Compliance Federal Compliance RESPA RESPA Disclosure -  List of Homeownership Counseling Organizations Older Than 30 days When Provided to Borrower RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations was older than [redacted] days when provided to borrower. List of Homeownership Counseling Organizations was older than [redacted] days when provided to borrower. Reviewer Comment (2022-03-15): Seller acknowledges exception


Seller Comment (2022-03-11): [Redact] [Redact] - Please waive the exception with no grade change"


Reviewer Comment (2022-03-09): The Disclosure Tracking Details was received which confirms the List of Homeownership Counseling Organizations (L[Redact]CO) Disclosure was sent to the borrower. However, the date of the List is only found in the disclosure itself. Please forward the actual L[Redact]CO Disclosure.


Seller Comment (2022-03-07): [Redact] - [Redact] - DISCLOSURE TRACKING SUMMARY & DISCLOSURE TRACKING DETAILS
 03/15/2022 2 B CT Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
217137236 437220186 24870972 Compliance Compliance Federal Compliance RESPA RESPA Disclosure -  List of Homeownership Counseling Organizations Older Than 30 days When Provided to Borrower RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations was older than [redacted] days when provided to borrower. The List of Homeownership Counseling Organizations provided to the borrower on [redacted] was generated on [redacted] - greater than [redacted] days old at the time provided. Reviewer Comment (2022-03-25): Seller acknowledges exception.


Seller Comment (2022-03-24): [Redact] [Redact] -   Please waive the exception with no grade change
 03/25/2022 2 B GA Primary Refinance - Cash-out - Other B B A A B B A A Non QM Non QM No
217137238 437220174 24871497 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. No cure or changed circumstance provided. Reviewer Comment (2022-03-09): [Redact] upon further review received a CD dated [Redact] with a valid COC dated [Redact] for Loan Discount Points increases.


Seller Comment (2022-03-07): [Redact] [Redact] - CD and COC, increase discount points are due to a lock extension
 03/09/2022 1 A FL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
217137238 437220174 24885130 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. No Lender tolerance cure was provided in the file. Provide VCC or cure to the borrower with a PC CD and evidence it was sent to the borrower with an explanation of changes. Reviewer Comment (2022-03-31): [Redact] received corrected PCCD and LOE no further action required


Seller Comment (2022-03-30): [Redact] [Redact] - Please review sent docs on [Redact] -
thank you
[Redact]


Seller Comment (2022-03-09): [Redact] [Redact] -  see attached - PCCD attached correcting Survey payee.
 03/31/2022 1 A FL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
217137594 437221124 24871937 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. No cure or changed circumstance provided. Reviewer Comment (2022-03-06): [Redact] Received Valid COC.


Seller Comment (2022-03-03): Please see the attached COC
 03/06/2022 1 A VA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C B A A Non QM Non QM Yes
217137594 437221124 24871938 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Cure of $[redacted] provided. Reviewer Comment (2022-03-06): [Redact] Sufficient Cure provided at Closing


Seller Comment (2022-03-03): Cure given at closing
 03/06/2022 1 A VA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C B A A Non QM Non QM Yes
217137594 437221124 24871964 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. CD issue date is [redacted]. Reviewer Comment (2022-03-04): [Redact] received [Redact] CD received the same day issued.


Seller Comment (2022-03-02): Please see attached
 03/04/2022 1 A VA Primary Purchase No Defined Cure C B B B C B A A Non QM Non QM No
217137594 437221124 24885529 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Reviewer Comment (2022-03-04): Seller Acknowledges Exception.


Seller Comment (2022-03-02): Seller requests buyer review: Grade 2
 03/04/2022 2 B VA Primary Purchase C B B B C B A A Non QM Non QM No
217137594 437221124 24920778 Credit Credit Miscellaneous Guideline Credit Exception: Borrower has excessive NSFs. Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

The representative FICO score exceeds the guideline minimum by at least xx points.		 Lender Exception with Comp Factors provided for regrade and waive. Owner

Owner

Owner

Owner

Originator,Owner		 Reviewer Comment (2022-03-01): Lender Exception with Comp Factors provided for regrade and waive.
 03/01/2022 2 B VA Primary Purchase C B B B C B A A Non QM Non QM No
217137594 437221124 24949288 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-03-06): Sufficient Cure Provided At Closing
 03/06/2022 1 A VA Primary Purchase Final CD evidences Cure C B B B C B A A Non QM Non QM Yes
217137599 437220247 24920713 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Provide all appraisals and evidence they were sent to the borrower at least 3 days prior to close. Reviewer Comment (2022-03-15): Seller acknowledges exception.


Seller Comment (2022-03-11): [Redact] [Redact] -   Please waive the exception with no grade change"
 03/15/2022 2 B CA Primary Purchase B B A A B B A A Non QM Non QM No
217137601 437220141 24914624 Credit Credit Miscellaneous Guideline Credit Exception: The Business Purpose Certification was not signed
.		 Reviewer Comment (2022-03-22): Business Purpose Cert received.


Seller Comment (2022-03-18): [Redact] [Redact] -  See attached: Borrower Certification of Business Purpose fully executed


Reviewer Comment (2022-03-10): Non-QM Borrower Affirmation-[Redact] signed form received, however the form requiring signature is the Borrower Affirmation & Certificate of Business Purpose / [Redact] product. Provide Borrower Affirmation & Certificate of Business Purpose signed by borrowers. Exception remains.


Seller Comment (2022-03-08): [Redact] [Redact] -  See attached Executed Business Purpose Certification
 03/22/2022 1 A NJ Investment Refinance - Cash-out - Other C A C A A A A A N/A Exempt from ATR No
217137601 437220141 24919938 Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $ [redacted] exceeds tolerance of $ [redacted] plus [redacted]% or $ [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-03-01): Sufficient Cure Provided At Closing
 03/01/2022 1 A NJ Investment Refinance - Cash-out - Other Final CD evidences Cure C A C A A A A A N/A Exempt from ATR Yes
217137641 437220541 24887498 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Provide all appraisals and evidence they were sent to the borrower prior to closing. Reviewer Comment (2022-03-18): Seller acknowledges exception.
 03/18/2022 2 B NY Primary Refinance - Rate/Term B B A A B B A A Non QM Non QM No
217138019 437220262 24878212 Compliance Compliance Federal Compliance Missing Disclosure Notice of Special Flood Hazard Disclosure Not Provided Timely FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. Reviewer Comment (2022-03-17): Seller Acknowledges Exception.


Seller Comment (2022-03-15): [Redact] [Redact] - Please waive - unable to clear with no grade change


Reviewer Comment (2022-03-15): Please provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing
 03/17/2022 2 B CA Primary Purchase C B C A B B A A Non QM Non QM No
217138019 437220262 24881096 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $ [redacted] exceeds tolerance of $ [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Appraisal Fee Amount of $ [redacted] exceeds tolerance of $ [redacted],  lender gave $ [redacted] in cure for the appraisal fee. Reviewer Comment (2022-02-24): Sufficient Cure Provided At Closing
 02/24/2022 1 A CA Primary Purchase Final CD evidences Cure C B C A B B A A Non QM Non QM Yes
217138019 437220262 24889635 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Please provide sufficient coverage to satisfy the Loan Amount or Estimated cost new as indicated on the appraisal or provide the Replacement Cost Estimator indicating the coverage is sufficient. Reviewer Comment (2022-03-15): ERC received.


Seller Comment (2022-03-10): [Redact] [Redact] -  Please see attached replacement cost estimator showing replacement coast as [Redact]


Reviewer Comment (2022-03-07): The Evidence of Property Insurance contains language that states "100% Replacement Cost Up to Policy Limit."  The policy amount is [Redact] which is less than the loan amount and replacement cost shown on the appraisal.  The exception remains.


Seller Comment (2022-03-03): [Redact][Redact] - see attached - HOI policy included in initial submission that shows 100% replacement cost.
 03/15/2022 1 A CA Primary Purchase C B C A B B A A Non QM Non QM No
217138720 437220253 24869859 Credit Title General Title Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2022-03-09): Received title Commitment with policy amount of [Redact] Exception Cleared.


Seller Comment (2022-03-07): [Redact] [Redact] -  Title Policy
 03/09/2022 1 A PA Investment Refinance - Rate/Term B A B A A A No
217140362 437220195 24882026 Credit Guideline Guideline Issue Guideline Missing required income documentation . - Missing 1099 Wage and Income Transcript for  [redacted]. Reviewer Comment (2022-03-08): 1099 for [Redact] not yet due to borrowers at time of loan


Seller Comment (2022-03-07): [Redact] [Redact] -  see attached [Redact] Underwriting guidelines - conduit Most recent years' ([Redact]) information cannot be verified due to 1099s recently being sent to the borrower. Previous year ([Redact]) 1099s were verified per the guidelines when most recent years' transcripts are not available.
 03/08/2022 1 A WI Primary Purchase C A C A A A A A Non QM Non QM No
217140362 437220195 24928782 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Missing 1099 Wage and Income Transcript for  [redacted]. Reviewer Comment (2022-03-08): 1099s are not needed or required yet for [Redact]


Seller Comment (2022-03-07): [Redact] [Redact] -  Please see attached [Redact] Underwriting Guidelines - Conduit  - Most recent years' ([Redact]) information cannot be verified due to 1099s recently being sent to the borrower. Previous year ([Redact]) 1099s were verified per the guidelines when most recent years' transcripts are not available.
 03/08/2022 1 A WI Primary Purchase C A C A A A A A Non QM Non QM No
217140365 437221045 24874097 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided Please provide the articles of organization/formation. Reviewer Comment (2022-03-11): Received and associated Certificate of formation and Operating Agreement . Exception Cleared.


Seller Comment (2022-03-09): • Evidence that the state of [Redact] only requires a Certificate of Formation and Operating Agreement for LLC's


Seller Comment (2022-03-09): • [Redact] approval for the LLC and all LLC documents
 03/11/2022 1 A WA Investment Refinance - Cash-out - Other C A C A A A No
217140696 437220714 24875198 Credit Missing Document General Missing Document ACH was missing from file. Please provide the ACH, as the borrower is a foreign national. Reviewer Comment (2022-03-25): Automatic Loan Payment Agreement received.


Seller Comment (2022-03-23): AKA


Seller Comment (2022-03-23): ACH
 03/25/2022 1 A FL Investment Purchase C A C A A A No
217140697 437220693 24874528 Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided Please provide the subject lien note. Reviewer Comment (2022-03-08): Received Note and Prepayment Note Addendum signed by the borrower and documents associated. Exception cleared.


Seller Comment (2022-03-08): Note attached


Reviewer Comment (2022-03-08): Waiting for the documents to be uploaded.


Seller Comment (2022-03-04): Note attached
 03/08/2022 1 A FL Investment Purchase D A D A A A No
217140697 437220693 24874529 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - 1-4 Family not provided Please provide the 1-4 family rider to the security instrument. Reviewer Comment (2022-03-08): Received 1-4 Family Rider signed by the borrower and document associated. Exception cleared.


Reviewer Comment (2022-03-08): Waiting for the documents to be uploaded.


Seller Comment (2022-03-04): 1-4 Family Rider attached
 03/08/2022 1 A FL Investment Purchase D A D A A A No
217140697 437220693 24874551 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided Please provide the subject lien security instrument. Reviewer Comment (2022-03-08): Received Security Instrument dated and signed by the borrower and document associated. Exception cleared.


Reviewer Comment (2022-03-08): Waiting for the documents to be uploaded.


Seller Comment (2022-03-04): Security Instrument attached
 03/08/2022 1 A FL Investment Purchase D A D A A A No
217140697 437220693 24874559 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Title Preliminary not provided Please provide the preliminary title. Reviewer Comment (2022-03-08): [Redact] Cleared. Commitment provided.


Seller Comment (2022-03-08): Prelim attached with all pages - Thank you!


Reviewer Comment (2022-03-07): Received Title Commitment does not include all the pages and also Commitment date is striked out. Please provide complete Title Commitment with all the pages, dated within 90 days of the Note date. Exception remains.


Seller Comment (2022-03-04): Title Prelim attached
 03/08/2022 1 A FL Investment Purchase D A D A A A No
217140697 437220693 24874609 Credit Missing Document General Missing Document Missing Document: HUD/CD not provided Please provide the final HUD/CD. Reviewer Comment (2022-03-08): Received final CD dated and signed by the borrower and document associated. Exception cleared.


Reviewer Comment (2022-03-08): Waiting for the documents to be uploaded.


Seller Comment (2022-03-04): Final CD attached
 03/08/2022 1 A FL Investment Purchase D A D A A A No
217140697 437220693 24874737 Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file. Please provide evidence of title. Reviewer Comment (2022-03-09): Received.


Seller Comment (2022-03-07): Final Title Policy attached
 03/09/2022 1 A FL Investment Purchase D A D A A A No
217140697 437220693 24874801 Credit Fix and Flip General Fix and Flip The Non-Owner Occupied Certification was not signed by all required borrowers and thus casts doubt on the business purpose of the loan. Please provide the borrower's signature on the non-owner occupied certification. Reviewer Comment (2022-03-09): Received.


Seller Comment (2022-03-08): Signed OCC Cert attached
 03/09/2022 1 A FL Investment Purchase D A D A A A No
217140697 437220693 24874816 Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing. Policy effective date is  [redacted]. Reviewer Comment (2022-03-08): Received Final CD reflecting the Disbursement Date of [Redact]. Hazard Insurance Policy Effective Date of [Redact] is prior to the disbursement date. Exception cleared.


Reviewer Comment (2022-03-08): CD is not present in file.  Exception remains.


Seller Comment (2022-03-04): Please see final wet signed cd loan disbursed [Redact] - please waive condition
 03/08/2022 1 A FL Investment Purchase D A D A A A No
217140697 437220693 24971788 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - Condo not provided Reviewer Comment (2022-03-09): Received.


Seller Comment (2022-03-08): Condo rider attached
 03/09/2022 1 A FL Investment Purchase D A D A A A No
217140709 437220739 24882458 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $ [redacted] exceeds tolerance of $ [redacted].  Insufficient or no cure was provided to the borrower. The post close CD dated  [redacted] has addressed and corrected this. Provide evidence the CD was sent to the borrower with a letter explaining the changes. Reviewer Comment (2022-03-15): [Redact] : Sufficient Cure Provided at Closing


Seller Comment (2022-03-14): fss certified


Reviewer Comment (2022-03-14): [Redact] received PCCD dated [Redact] and the same was already provided in original file with sufficient cure [Redact] for the Appraisal fee increased. However, provided Final SS in original file is not true and certified. Hence, we also required Certified copy of the Final SS along with settlement agent and borrower acknowledgment to verify the Lender credit is applied to the same on closing. Exception remains.


Seller Comment (2022-03-11): PCCD lender credit issued at closing
 03/15/2022 1 A CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
217140709 437220739 24882473 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $ [redacted] exceeds tolerance of $ [redacted].  Insufficient or no cure was provided to the borrower. Loan Discount points increased from $ [redacted] to $ [redacted]. No valid change of circumstance. Provide VCC or cure to the borrower with a PC CD  and evidence that it was sent to the borrower with an explanation of the changes Reviewer Comment (2022-03-18): [Redact] received LOE lieu COC for increase in Loan Discount points.


Seller Comment (2022-03-16): COC [Redact] fee extension


Seller Comment (2022-03-16): To clarify there was no program change but the [Redact] COC was a lock extension.


Reviewer Comment (2022-03-15): [Redact] received COC dated [Redact] indicates "Change loan program, pricing change", however, file does not contain any prior approval as well as supporting document to validate the program change. We also do not have the rate lock agreement for the period of [Redact] which could depict a rate lock extension or re-lock. Please provide a supporting document with additional Information confirming the change in loan program. Else, provide cure for the same.


Seller Comment (2022-03-14): Updated COC's


Seller Comment (2022-03-14): fss certified


Reviewer Comment (2022-03-11): [Redact] received a valid COC's for the Loan discount point increased. However, [Redact] COC indicates "Rate is from float to locked" and Rate has been locked on [Redact] from float. Also, COC dated [Redact] and [Redact] indicates "Change loan program, pricing change", file does not contain prior approval as well as supporting document to validate the program change. Please provide a supporting document & valid COC with Additional Information on changes is needed to reevaluate this exception or provide sufficient cure.


Seller Comment (2022-03-10): COC
 03/18/2022 1 A CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
217140709 437220739 24892351 Credit Credit Miscellaneous Guideline Credit Exception: The mortgage payment history was verified in the form of  [redacted] months bank statements. Please provided  [redacted] months total for the mortgage payment history. Reviewer Comment (2022-03-14): Twelve months of consecutive mortgage statements verifying mortgage payments made timely received.


Seller Comment (2022-03-10): 12 month
 03/14/2022 1 A CA Primary Refinance - Rate/Term C A C A C A A A Non QM Non QM No
217140709 437220739 25071076 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $ [redacted] exceeds tolerance of $ [redacted].  Sufficient or excess cure was provided to the borrower. [redacted] received LOE lieu COC for increase in Loan Discount points. Reviewer Comment (2022-03-18): Sufficient Cure Provided within 60 Days of Closing
 03/18/2022 1 A CA Primary Refinance - Rate/Term C A C A C A A A Non QM Non QM Yes
217140753 437220664 24894955 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Property Tax Verification documentation is required for the REO at [redacted] Reviewer Comment (2022-03-09): Property at[Redact] is a cooperative.
Taxes are paid through the maintenance fees. HOA and insurance verification is provided in file.
Verified monthly payment of [Redact]. Exception cleared.


Seller Comment (2022-03-08): the property is a cooperative and is not separately taxed the taxes are paid through the maintenance fees-please see Drive Report showing property as a cooperative:
 03/09/2022 1 A FL Primary Purchase C A C A A A A A Non QM Non QM No
217140754 437220713 24883589 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. [redacted] Day rule not met Reviewer Comment (2022-03-11): Acknowledgement received


Seller Comment (2022-03-08): see attached
 03/11/2022 1 A NY Primary Purchase C B A A C B A A Non QM Non QM No
217140754 437220713 24883590 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [redacted] of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Amount changed on final CD [redacted] Reviewer Comment (2022-04-05): Seller Acknowledges Exception.


Seller Comment (2022-03-14): Seller requests buyer review: Leave grade - unable to clear.
 04/05/2022 2 B NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
217140755 437220432 24882237 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Third party verification of [redacted] years self employment, business start date and verification of active business required. Reviewer Comment (2022-03-11): Two business licenses in file verifying an excess of two years employment in the same field.


Seller Comment (2022-03-08): see attached
 03/11/2022 1 A CA Primary Refinance - Cash-out - Debt Consolidation C B C A C B A A Non QM Non QM No
217140755 437220432 24882533 Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Payoff Statement Missing Missing Payoff Statement: Unable to determine if a prepayment penalty was included in the pay-off which may impact high cost findings. Reviewer Comment (2022-04-05): Seller Acknowledges Exception.


Seller Comment (2022-03-17): Seller requests buyer review: Please leave as a 2, unable to clear
 04/05/2022 2 B CA Primary Refinance - Cash-out - Debt Consolidation C B C A C B A A Non QM Non QM No
217140755 437220432 24882535 Compliance Compliance Federal Compliance TILA ARM Disclosure Status Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. Reviewer Comment (2022-03-11): ARM Disclosure dated [Redact] received. Exception restated.


Reviewer Comment (2022-03-09): Document yet to be uploaded.


Seller Comment (2022-03-08): see attached
 03/11/2022 1 A CA Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C A C B A A Non QM Non QM No
217140755 437220432 24882536 Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. Reviewer Comment (2022-03-15): Document provided.


Seller Comment (2022-03-11): see attached charm booklet


Reviewer Comment (2022-03-09): Document yet to be uploaded.


Seller Comment (2022-03-08): see attached
 03/15/2022 1 A CA Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C A C B A A Non QM Non QM No
217140755 437220432 24882643 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Third party verification of [redacted] years self employment, business start date and verification of active business required. Reviewer Comment (2022-03-11): Two years verified with the two business licenses in file dated [Redact].


Seller Comment (2022-03-08): see attached
 03/11/2022 1 A CA Primary Refinance - Cash-out - Debt Consolidation C B C A C B A A Non QM Non QM No
217140755 437220432 24882644 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Third party verification of [redacted] years self employment, business start date and verification of active business required. Reviewer Comment (2022-03-11): Two years verified with the two business licenses in file dated [Redact].


Seller Comment (2022-03-08): see attached
 03/11/2022 1 A CA Primary Refinance - Cash-out - Debt Consolidation C B C A C B A A Non QM Non QM No
217140755 437220432 25012456 Compliance Compliance Federal Compliance TILA ARM Disclosure Timing Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within [redacted] days of application. ARM Disclosure received is dated [redacted] is after the application date, however the loan was locked as and ARM loan on [redacted]. Application originally taken as a Fixed Rate loan. Reviewer Comment (2022-03-16): Not on initial 1003


Reviewer Comment (2022-03-15): Document reviewed.  Provided within three days of lock but not within three days of application. Exception remains.


Seller Comment (2022-03-11): see attached arm disclosure
 03/16/2022 1 A CA Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C A C B A A Non QM Non QM No
217140755 437220432 25034711 Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Timing TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower within [redacted] days of application. CHARM disclosure was  not provided within [redacted] of application. Reviewer Comment (2022-03-16): Not on initial 1003
 03/16/2022 1 A CA Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C A C B A A Non QM Non QM No
217140756 437220527 24882141 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-03-14): Received and associated Fraud report . Exception cleared.


Seller Comment (2022-03-10): see attached
 03/14/2022 1 A NJ Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
217140756 437220527 24893413 Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Timing TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower within [redacted] days of application. Reviewer Comment (2022-03-22): Provided as a trailing doc


Seller Comment (2022-03-17): see attached


Reviewer Comment (2022-03-14): Please forward documentation verifying the borrower received the Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, within three (3) days of application.


Seller Comment (2022-03-10): see attached
 03/22/2022 1 A NJ Primary Refinance - Cash-out - Other No Defined Cure C A C A C A A A Non QM Non QM No
217140757 437220528 24890644 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-03-11): Received Fraud Report , verified and associated the document, hence exception cleared.


Seller Comment (2022-03-10): see attached
 03/11/2022 1 A NJ Second Home Refinance - Cash-out - Other C B C A B B A A Non QM Non QM No
217140757 437220528 24891170 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. The borrower was provided a copy of the appraisal  [redacted] however the appraisal was sent back to the appraiser for corrections. Provide initial appraisal issued and evidence updated was sent to the borrower at least  [redacted] prior to closing or that the borrower signed the  [redacted]-hour waiver. Reviewer Comment (2022-04-05): Seller Acknowledges Exception.


Seller Comment (2022-03-14): Seller requests buyer review: Leave as a 2 - unable to clear.
 04/05/2022 2 B NJ Second Home Refinance - Cash-out - Other C B C A B B A A Non QM Non QM No
217140758 437220593 24884860 Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of $ [redacted]  is less than amount of binding Lender Credit previously disclosed in the amount of $ [redacted]. The Final CD issued  [redacted] reflects a total Lender Credit of $ [redacted] - while the binding Lender Credit disclosed on the previous CD issued  [redacted] reflects $ [redacted].  There is no Changed Circumstance documented for this variance. Reviewer Comment (2022-03-03): Decrease in credit is attributed to decrease in mortgage tax.
 03/03/2022 1 A NY Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
217140759 437220636 24885135 Compliance Compliance Federal Compliance TILA ARM Disclosure Status Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. Please provided the ARM Disclosure. Reviewer Comment (2022-03-11): Received Early Arm Disclosure Statement dated and signed by the borrower and document associated. Exception cleared.


Seller Comment (2022-03-10): see attached
 03/11/2022 1 A FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
217140759 437220636 24893656 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Provide all appraisals and evidence they were sent to the borrower prior to closing. Reviewer Comment (2022-04-05): Seller Acknowledges Exception.


Seller Comment (2022-03-14): Seller requests buyer review: Leave as 2 - unable to clear
 04/05/2022 2 B FL Primary Purchase C B A A C B A A Non QM Non QM No
217140759 437220636 24929039 Compliance Compliance Federal Compliance TILA CHARM Booklet Provided Through Home Loan Toolkit TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet provided to the borrower through Home Loan Toolkit. Please provide CHARM Disclosure. Reviewer Comment (2022-04-05): Seller Acknowledges Exception.


Seller Comment (2022-03-14): Seller requests buyer review: leave as 2 - unable to clear
 04/05/2022 2 B FL Primary Purchase C B A A C B A A Non QM Non QM No
217140760 437220640 24884031 Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Payoff Statement Missing Missing Payoff Statement: Unable to determine if a prepayment penalty was included in the pay-off which may impact high cost findings. Reviewer Comment (2022-03-24): Seller acknowledges exception.


Seller Comment (2022-03-17): Seller requests buyer review: Please leave as is, unable to clear
 03/24/2022 2 B CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
217140760 437220640 24884033 Compliance Compliance Federal Compliance TILA ARM Disclosure Status Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. Reviewer Comment (2022-03-16): Received Disclosure tracking document. ARM disclosure was provided to borrower on [Redact]. Exception Cleared.


Seller Comment (2022-03-14): see attached


Reviewer Comment (2022-03-11): Received signed copy of ARM disclosure however it is not within 3 days of application date, Kindly Provide signed copy of ARM disclosure within 3 days of application date ([Redact]). Exception Remains


Seller Comment (2022-03-10): see attached
 03/16/2022 1 A CA Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
217140760 437220640 24894454 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Reviewer Comment (2022-03-24): Seller acknowledges exception.


Seller Comment (2022-03-17): Seller requests buyer review: Please leave as a 2, unable to clear.
 03/24/2022 2 B CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
217140760 437220640 24894455 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [redacted] business days of application. Initial Loan Estimate dated  [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. Reviewer Comment (2022-03-07): [Redact] received e-consent document which is within time frame.


Seller Comment (2022-03-03): see attached econsent
 03/07/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
217140760 437220640 24928973 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Qualifying payment used to origination was $ [redacted], however it should have been $ [redacted]. DTI increased to  [redacted]%. Reviewer Comment (2022-03-24): Updated 1008 reflecting a DTI of [Redact] does not exceed the [Redact] max and Borrower meets [Redact] residual requirement.
 03/24/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
217140760 437220640 24928983 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Qualifying payment used to origination was $ [redacted], however it should have been $ [redacted]. DTI increased to  [redacted]%. Please provide corrected 1008. Reviewer Comment (2022-03-24): Updated 1008 reflecting a DTI of [Redact] does not exceed the [Redact] max and Borrower meets [Redact] residual requirement.


Seller Comment (2022-03-22): see attached
 03/24/2022 1 A CA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C B C A C B A A Non QM Non QM Yes
217140760 437220640 24928984 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. Qualifying payment used to origination was $ [redacted], however it should have been $ [redacted]. DTI increased to  [redacted]%. Please provide corrected 1008. Reviewer Comment (2022-03-24): Updated 1008 reflecting a DTI of [Redact] does not exceed the [Redact] max and Borrower meets [Redact] residual requirement.


Seller Comment (2022-03-22): see attached
 03/24/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
217140760 437220640 24928985 Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and  [redacted]) of  [redacted]% significantly exceeds the guideline maximum of  [redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) Qualifying payment used to origination was $ [redacted], however it should have been $ [redacted]. DTI increased to  [redacted]%. Please provide corrected 1008. Reviewer Comment (2022-03-24): Updated 1008 reflecting DTI of [Redact], which does not exceed [Redact] max and Borrowers meet [Redact] residual requirement.


Seller Comment (2022-03-22): see attached
 03/24/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
217141129 437220654 24886226 Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. Reviewer Comment (2022-03-09): Credit report shows history for 43 and 72 months for first lien and HELOC with no late payments (-[Redact]  and [Redact].). Exception Cleared.


Seller Comment (2022-03-08): the borrower's mortgages on the primary residence are on the credit report-[Redact] [Redact] and [Redact] [Redact].
 03/09/2022 1 A NY Investment Purchase C B C A B B A A N/A Exempt from ATR No
217141129 437220654 24896533 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Reviewer Comment (2022-04-05): Seller Acknowledges Exception.


Seller Comment (2022-03-14): Seller requests buyer review: Unable to clear - leave as a 2.
 04/05/2022 2 B NY Investment Purchase C B C A B B A A N/A Exempt from ATR No
217141130 437220658 24886014 Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided The file is missing the verification of Non-US citizen, please provide either of the following Resident alien card, VISA or Passport Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower has verified disposable income of at least $xxxx.xx.		 Owner

Owner		 Reviewer Comment (2022-03-24): Approved lender exception provided.


Seller Comment (2022-03-24): see attached


Reviewer Comment (2022-03-23): Exception verbiage does not state that borrower is a non-us citizen and does not meet non resident requirements.


Seller Comment (2022-03-23): see exception


Reviewer Comment (2022-03-22): The[Redact]. Please forward the [Redact].


Seller Comment (2022-03-22): see attached.


Reviewer Comment (2022-03-22): Received Employment Authorization. Please provide [Redact]. Exception remains


Seller Comment (2022-03-21): see attached


Reviewer Comment (2022-03-17): [Redact] is not received in the provided trailing documents , hence exception remains.


Seller Comment (2022-03-16): see attached


Reviewer Comment (2022-03-14): Please provide either a [Redact]
 03/24/2022 2 B NY Primary Purchase C B C B A A A A Non QM Non QM No
217141130 437220658 24896634 Credit Missing Document General Missing Document Missing Document: Bank Statements - Business not provided Please provide  [redacted] months business bank statement to support income document requirements. Reviewer Comment (2022-03-24): There is no indication that the borrower has a business account, the guidelines state that comingled accounts are to be treated as business accounts whereas no additional statements are required.


Reviewer Comment (2022-03-22): Need borrower attestation letter, not underwriter letter. The CPA Letter indicates business is Incorporated and refers to business funds in the text of the Letter. Exception remains open.


Seller Comment (2022-03-18): see attached


Reviewer Comment (2022-03-17): Missing Borrower attestation letter of no business account.


Seller Comment (2022-03-16): see attached


Reviewer Comment (2022-03-14): Please provide 3 months business bank statement to support income document requirements.
 03/24/2022 1 A NY Primary Purchase C B C B A A A A Non QM Non QM No
217141131 437220662 24902605 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Tax Verification documentation is needed for the REOs at  [redacted],  [redacted],  [redacted] and  [redacted],  [redacted],  [redacted]. Reviewer Comment (2022-03-24): Received LOX stating Tax and insurance for the property at [Redact], [Redact], on the 1003 were estimated and the actual amounts were [Redact] per month lower than the estimate.
Received and associated Tax verification . Exception cleared.


Seller Comment (2022-03-22): see attached


Reviewer Comment (2022-03-16): Please provide attestation from the borrower that there are no other obligations for the property. 1003 reflects an additional[Redact] debt for the property.


Reviewer Comment (2022-03-11): Received tax verification for both said REO properties, verified and associated documents however there is still difference of amount of $[Redact] for the property address #[Redact], [Redact] as per final 1003, hence please provide clarification or HOA documentation if any HOA  expense on this property.
Exception remains.


Seller Comment (2022-03-10): see attached
 03/24/2022 1 A NY Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
217141134 437220614 24886585 Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided Please provide Fidelity documentation for Assets disclosed on Final 1003 for $[redacted] Reviewer Comment (2022-03-11): [Redact] statements received for the period of [Redact] to [Redact] , verified and associated documents, hence exception cleared.


Seller Comment (2022-03-10): see attached
 03/11/2022 1 A FL Second Home Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
217141134 437220614 24886738 Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Please provide Fidelity documentation for Assets disclosed on Final 1003 for $[redacted] Reviewer Comment (2022-03-11): [Redact] statements received for the period of [Redact] to [Redact] , verified and associated documents, hence exception cleared.
 03/11/2022 1 A FL Second Home Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
217141134 437220614 24886743 Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves discrepancy. Please provide Fidelity documentation for Assets disclosed on Final 1003 for $[redacted] for reserves. Reviewer Comment (2022-03-14): Received.


Seller Comment (2022-03-10): see attached
 03/14/2022 1 A FL Second Home Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
217142473 437221132 24887478 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - The mortgage statement is required to verify the escrow criteria. Reviewer Comment (2022-03-16): Received credit supplement which confirms Monthly Tax & Insurances are included in [Redact] payments, along with due date. Exception Cleared.


Seller Comment (2022-03-15): Please see attached


Reviewer Comment (2022-03-14): Please Provide Mortgage statement  to verify the escrow criteria for Property [Redact], Condition Remains.


Seller Comment (2022-03-11): Please see attached
 03/16/2022 1 A MA Investment Purchase C A C A A A A A N/A Exempt from ATR No
217143066 437221057 24891907 Compliance Compliance Federal Compliance Federal HPML TIL Higher Priced Mortgage Loan Safe Harbor Test TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. Reviewer Comment (2022-03-23): Seller accepts/acknowledges exception.


Seller Comment (2022-03-21): Seller requests buyer review: Please waive this exception with no grade change
 03/23/2022 2 B CA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
217143066 437221057 24891910 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [redacted], prior to [redacted] business days from transaction date of [redacted]. The Final CD reflects a Closing Date of [redacted] and a Disbursement Date of [redacted], however the closing transaction occurred on [redacted] based on document signatures in the file.  [redacted] Loan. Reviewer Comment (2022-03-23): Rec'd PCCD indicating loan disbursed on [Redact]; exception cleared


Seller Comment (2022-03-21): Settlement Statement


Seller Comment (2022-03-21): • PCCD and Certified Final Settlement Statement confirming the loan disbursed on [Redact]
 03/23/2022 1 A CA Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B A A C B A A Non QM Non QM Yes
217144077 437221582 24934358 Credit Credit Miscellaneous Guideline Credit Exception: Please provide documentation of correct PPP. The loan has two signed Addendums, with two different sets of terms, [redacted]% on [redacted] and [redacted] months interest on the other. Reviewer Comment (2022-03-08): Prepayment Rider and LOE confirming terms received.


Seller Comment (2022-03-04): Prepayment riders and LOE
 03/08/2022 1 A FL Investment Purchase C A C A A A No
217144080 437221598 24878919 Credit System General System Flood Certificate Subject Address does not match Note address. Note address is: [redacted] and the Flood Cert address is: [redacted]. Reviewer Comment (2022-03-09): Received updated Flood Certificate with correct address is matching with Note Document. Exception Cleared.


Seller Comment (2022-03-07): Corrected flood cert.
 03/09/2022 1 A CA Investment Purchase C A C A A A No
217144090 437221601 24892828 Credit Title General Title Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2022-03-10): Received closing instruction and verified the loan amount [Redact]., Exception Cleared


Seller Comment (2022-03-08): Closing instruction
 03/10/2022 1 A CA Investment Refinance - Cash-out - Other B A B A A A A A N/A Exempt from ATR No
217144091 437221602 24914813 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - The file is missing the mortgage statement or other documentation to confirm the PITIA for the REO properties located at [redacted], [redacted], [redacted] and [redacted]. The documentation provided for [redacted],[redacted] and [redacted] does not support the amount cited on the 1003. Mortgage statements were not provided for the properties located at [redacted] and [redacted]. Provide the documentation used for qualifying for each of these REO properties. Reviewer Comment (2022-03-17): Insurance policy for  [Redact] also include   [Redact] insurance premiums of $[Redact] for property annually. The closing statement for the [Redact] property verifies the [Redact] city and county taxes for the three properties.


Reviewer Comment (2022-03-16): Received HOA document for [Redact].  For the property  [Redact] [Redact], as per the documents received total of monthly taxes [Redact] + insurance [Redact] = [Redact]. There is difference of [Redact]. Please provide documents supporting these difference amounts. Exception remains.


Seller Comment (2022-03-15): REO


Seller Comment (2022-03-15): [Redact]
 03/17/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A A A N/A Exempt from ATR No
217144091 437221602 24914896 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. The [redacted] losses for [redacted] were averaged over [redacted] per the UW Income Analysis Worksheet. The business was started [redacted]. The losses average over [redacted] months resulted in the DTI exceeding [redacted]%. Provide additional documentation to substantiate the 1008 DTI of [redacted]%. Reviewer Comment (2022-03-17): CPA letter dated [Redact] explains and supports [Redact] income for [Redact].


Seller Comment (2022-03-15): 1003


Seller Comment (2022-03-15): LOE on other income
 03/17/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A A A N/A Exempt from ATR No
217144122 437220517 24878960 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide fully executed Business Purpose Certificate with verification that all proceeds will be used for business purposes. Document in file is not signed. Reviewer Comment (2022-03-11): Received Business Purpose Certificate, Exception Cleared


Seller Comment (2022-03-09): see attached
 03/11/2022 1 A NY Investment Refinance - Cash-out - Other C A C A A A No
217144122 437220517 24878962 Credit Missing Document General Missing Document Missing Document: Cash-Out Utilization not provided Please provide fully executed Business Purpose Certificate with verification that all proceeds will be used for business purposes. Document in file is not signed. Reviewer Comment (2022-03-14): Received Business Purpose Cert.


Seller Comment (2022-03-09): see attached
 03/14/2022 1 A NY Investment Refinance - Cash-out - Other C A C A A A No
217144123 437220684 24882728 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide signed Business Purpose Certificate. Reviewer Comment (2022-03-07): Received Business Purpose Certificate signed by the borrower and document associated. Exception cleared.


Reviewer Comment (2022-03-04): Waiting for the documents to be uploaded.


Seller Comment (2022-03-03): see attached BPC
 03/07/2022 1 A NJ Investment Refinance - Cash-out - Other C A C A A A No
217144124 437220685 24882971 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide signed Business Purpose Certificate with verification that all proceeds will be used for business purposes. Reviewer Comment (2022-03-04): [Redact] Uploaded. Cleared.


Reviewer Comment (2022-03-04): Waiting for the documents to be uploaded.


Seller Comment (2022-03-03): See attached BPC
 03/04/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217144124 437220685 24882973 Credit Missing Document General Missing Document Missing Document: Cash-Out Utilization not provided Please provide signed Business Purpose Certificate with verification that all proceeds will be used for business purposes. Reviewer Comment (2022-03-04): [Redact] Cleared.


Seller Comment (2022-03-03): see attached
 03/04/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217144126 437220730 24880886 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided Please provide all required Business Entity Documentation for [redacted]. Reviewer Comment (2022-03-11): Received and associated  Articles of Organization/Formation for [Redact]. Exception cleared.


Seller Comment (2022-03-10): see attached
 03/11/2022 1 A TX Investment Purchase C A C A A A No
217144126 437220730 24880889 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided Please provide all required Business Entity Documentation for [redacted]. Reviewer Comment (2022-03-11): Received and associated  Operating Agreement for [Redact]. Exception cleared.


Seller Comment (2022-03-10): see attached
 03/11/2022 1 A TX Investment Purchase C A C A A A No
217144126 437220730 24880908 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided Please provide all required Business Entity Documentation for [redacted]. Reviewer Comment (2022-03-14): Executed Corporate Resolution/Unanimous consent of Members received.


Seller Comment (2022-03-10): see attached
 03/14/2022 1 A TX Investment Purchase C A C A A A No
217144126 437220730 24880913 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided Please provide all required Business Entity Documentation for [redacted]. Reviewer Comment (2022-03-11): Received and associated Employer Identification Number (EIN) for [Redact] . Exception cleared.


Seller Comment (2022-03-10): see attached
 03/11/2022 1 A TX Investment Purchase C A C A A A No
217144126 437220730 24880914 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided Please provide all required Business Entity Documentation for [redacted]. Reviewer Comment (2022-03-11): Received and associated Certificate of Good Standing for [Redact]. Exception cleared.


Seller Comment (2022-03-10): see attached
 03/11/2022 1 A TX Investment Purchase C A C A A A No
217144126 437220730 24883806 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Trust Agreement not provided Please provide copy of Trust Agreement for the [redacted]. Reviewer Comment (2022-03-14): Revocable trust agreement received.


Seller Comment (2022-03-10): see attached
 03/14/2022 1 A TX Investment Purchase C A C A A A No
217144126 437220730 24884192 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide signed Business Purpose Certificate. Reviewer Comment (2022-03-07): Received Business Purpose Certificate signed by the borrower and document associated. Exception cleared.


Reviewer Comment (2022-03-04): Documents are not received.


Seller Comment (2022-03-03): see attached BPC
 03/07/2022 1 A TX Investment Purchase C A C A A A No
217144128 437221599 24893785 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [redacted] of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Lender calculated monthly taxes at $[redacted]/ [redacted] over year [redacted].  Per tax certificate monthly taxes should be $[redacted]/ $[redacted] over year [redacted]. Reviewer Comment (2022-03-10): [Redact] received Letter of Explanation and PCCD dated [Redact].


Seller Comment (2022-03-08): PCCD
 03/10/2022 2 B CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
217144132 437221050 24892592 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-02-28): Sufficient Cure Provided At Closing
 02/28/2022 1 A CA Primary Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
217150403 437220681 24882135 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Spousal Consent Form not provided Provide prior executed Interspousal Deed or Spousal Consent form. Reviewer Comment (2022-03-03): Interspousal Transfer Grant Deed received and title commitment verifies Borrower a married man as his sole and separate property. Exception cleared.


Seller Comment (2022-03-02): .


Seller Comment (2022-03-02): Interspousal Transfer Grant Deed provided.


Seller Comment (2022-03-01): This is refinance transaction. Prelim Report vesting shows " a married man as his sole and separate property". Grant deed dated xx/xx/xx and recorded on [Redact] at instrument #[Redact] in [Redact].
 03/03/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217150570 437220170 24888009 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide signed Business Purpose Certificate.  The document in file was not signed. Reviewer Comment (2022-03-09): Received signed copy of Business Purpose Certificate, verified and associated the document, hence exception cleared.


Seller Comment (2022-03-07): [Redact] [Redact] -   Business Purpose Certificate
 03/09/2022 1 A NY Investment Purchase C A C A A A No
217150573 437220255 24891411 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided Please provide fully executed Prepayment Addendum to the Note. Reviewer Comment (2022-03-09): Received and associated Note Addendum - Prepayment. Exception cleared.


Seller Comment (2022-03-07): [Redact] [Redact] - note Addendum
 03/09/2022 1 A TX Investment Purchase C A C A A A Yes
217150573 437220255 24891550 Credit Missing Document General Missing Document Missing Document: HUD/CD not provided Please provide the final CD signed by borrower at closing on[redacted]. Reviewer Comment (2022-03-14): Received signed copy of final CD. Exception cleared.


Seller Comment (2022-03-11): [Redact] [Redact] - see attached Final CD
 03/14/2022 1 A TX Investment Purchase C A C A A A No
217150632 437220267 24896094 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [redacted] business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. Disclosure Tracking Summary reflects the eConsent date of [redacted], however the initial LE and other application docs dated [redacted] have an electronic signature of [redacted]. Please provide documentation valXXXXting the eConsent date. Reviewer Comment (2022-03-11): [Redact] Received Earliest E-Sign document.


Seller Comment (2022-03-10): [Redact] [Redact] -  Please see attached  ESign Disclosure and Consent signed by the Borrower and DocuSign record that was disclosed by the Broker. Documentation was in AIQ. Let me know if you need anything else. Thank you!
 03/11/2022 1 A CA Primary Refinance - Cash-out - Other C A A A C A A A Non QM Non QM No
217151866 437220881 24885794 Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy effective date is after the funds disbursed. Please provide an updated hazard insurance policy with an effective date of [redacted]. Reviewer Comment (2022-03-02): Received updated Hazard Insurance Policy with the effective date of [Redact], same as the disbursement date. Exception cleared.


Seller Comment (2022-03-01): HOI
 03/02/2022 1 A CA Investment Purchase C A C A A A No
217152226 437220590 24895196 Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - Please provide an additional statement for account #[redacted], #[redacted], and #[redacted]. Only [redacted] month statement provided for these accounts. Reviewer Comment (2022-03-24): [Redact] [Redact] was a new acct with a sourced balance transferred from [Redact] to [Redact]. 2 months plus the new acct for a month was documented with overlap.


Seller Comment (2022-03-22): see attached
 03/24/2022 1 A NC Investment Purchase C A C A A A No
217152227 437221040 24884307 Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Lender exception, in file, was granted for LTV/CLTV up to [redacted]%. Matrix maximum LTV/CLTV on a Purchase Investment product is [redacted] with a minimum score of [redacted] (borrower's score is [redacted]. Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx. Owner Reviewer Comment (2022-03-04): Lender Exception with Comp Factors provided for regrade and waive.
 03/04/2022 2 B FL Investment Purchase B B B B A A No
217152227 437221040 24884309 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Combined loan to value discrepancy. Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. A lender exception, in file, was granted for LTV/CLTV up to [redacted]%. Matrix maximum LTV/CLTV on a Purchase Investment product is [redacted] with a minimum score of [redacted] (borrower's score is [redacted]). Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx. Owner Reviewer Comment (2022-03-04): Lender Exception with Comp Factors provided for regrade and waive.
 03/04/2022 2 B FL Investment Purchase B B B B A A No
217152228 437221041 24887346 Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. [redacted]% LTV/CLTV exceeds maximum LTV/CLTV of [redacted]% for a Cash-Out Refinance with a FICO of [redacted]. Borrower's Experience/Track Record Borrower's Experience/Track Record. The borrower has: "[redacted]" Years of Experience. Currently holds "[redacted]" Properties Owner Reviewer Comment (2022-03-04): Lender Exception with Comp Factors provided for regrade and waive.
 03/04/2022 2 B FL Investment Refinance - Cash-out - Other B B B B A A No
217152228 437221041 24887347 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Combined loan to value discrepancy. Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. [redacted]% LTV/CLTV exceeds maximum LTV/CLTV of [redacted]% for a Cash-Out Refinance with a FICO of [redacted].. Borrower's Experience/Track Record Borrower's Experience/Track Record. The borrower has: "[redacted]" Years of Experience. Currently holds "[redacted]" Properties Owner Reviewer Comment (2022-03-04): Lender Exception with Comp Factors provided for regrade and waive.
 03/04/2022 2 B FL Investment Refinance - Cash-out - Other B B B B A A No
217152230 437221071 24894422 Credit Investment Product General Investment Product REO property does not have a lease in place and required by guidelines. - Please provide the lease for the subject property. Reviewer Comment (2022-03-23): Market rents from appraisal used per guidelines; lease not required when property is vacant.


Seller Comment (2022-03-21): • [Redact] Guidelines confirming if the property is vacant on a refinance transaction, 100% of the market rents are to be used


Seller Comment (2022-03-21): • Appraisal confirming the property is vacant
 03/23/2022 1 A FL Investment Refinance - Rate/Term C A C A A A No
217152559 437220834 24905939 Compliance Compliance Federal Compliance TILA ARM Disclosure Status Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. ARM disclosure not provided Reviewer Comment (2022-03-18): Received Early ARM Disclosure Statement dated and signed by the borrower and document associated. Exception cleared.


Seller Comment (2022-03-16): ARM Disc
 03/18/2022 1 A CA Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
217152559 437220834 24905940 Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. CHARM Booklet not provided Reviewer Comment (2022-03-18): Received CHARM Booklet Disclosure and document associated. Exception cleared.


Seller Comment (2022-03-16): CHARM
 03/18/2022 1 A CA Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
217152559 437220834 24906020 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. Closing Disclosure [redacted] not provided to the borrower within [redacted] business days prior to closing. Provided all Closing Disclosures Reviewer Comment (2022-03-17): [Redact] received [Redact] CD.


Seller Comment (2022-03-16): Initial CD
 03/17/2022 1 A CA Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
217156756 437221625 24903223 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Reinspection Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. The lender provided  credit to cure of $[redacted] to cure the increase in the Reinspection Fee. Reviewer Comment (2022-02-28): Sufficient Cure Provided At Closing
 02/28/2022 1 A FL Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
217156757 437221019 24923051 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Provide UW Income Analysis Worksheet. Reviewer Comment (2022-03-23): Rec'd bank statement analysis worksheets in trailing docs; exception cleared.


Seller Comment (2022-03-21): Income analysis #2


Seller Comment (2022-03-21): Income Analysis #1
 03/23/2022 1 A CA Investment Purchase C A C A A A A A N/A Exempt from ATR No
217156757 437221019 24923122 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - The file is missing the mortgage statement and other documentation to confirm the total PITIA for the primary residence located at [redacted]. Final 1003 cites $[redacted] in other property-related expenses, however the documentation provided does not verify that amount. Provided documentation verifying the additional $[redacted] in property-related expenses included in qualifying. Reviewer Comment (2022-03-22): Received and associated  Note , Tax and insurance verification for the property at [Redact]. Verified PITI . Monthly payment matches with Final 1003.
Exception Cleared.


Seller Comment (2022-03-21): Taxes


Seller Comment (2022-03-21): Property detail.   Confirms APN #


Seller Comment (2022-03-21): Note


Seller Comment (2022-03-21): HOI


Seller Comment (2022-03-21): • Note, HOI, Property Detail Report, and Taxes for [Redact]
Ø Please note: the property detail report is only being provided to confirm the APN # associated with [Redact] since the property address does not appear on the tax cert, only the APN # appears
 03/22/2022 1 A CA Investment Purchase C A C A A A A A N/A Exempt from ATR No
217162423 437220811 24923287 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Borrower has only been Self-Employed since [redacted] of [redacted].  Documentation in file does not show that he was in the same line of work for at least [redacted] years prior to starting his business as required by guidelines.  Provide evidence that borrower was in the same line of work for the [redacted] years prior to [redacted]. Reviewer Comment (2022-03-21): Prior employment verified and current and prior same line of work; exception cleared.


Seller Comment (2022-03-17): VOE [Redact], and [Redact].
 03/21/2022 1 A CA Primary Purchase C A C A A A A A Non QM Non QM No
217162424 437220836 24922424 Property Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. - The appraisal was made subject to the removal of enough debris/personal property to provide a credible analysis of the condition of the property. No [redacted] in file showing this was done satisfactorily. Reviewer Comment (2022-03-17): 442 dated [Redact] certifying the debris/personal property removed and confirmed no deferred maintenance exists.


Seller Comment (2022-03-15): Delivery


Seller Comment (2022-03-15): 1004D
 03/17/2022 1 A CA Investment Refinance - Cash-out - Other C A A A C A No
217162425 437220781 24906033 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide required Fraud Report/Background Check for borrower. Reviewer Comment (2022-03-18): Received Fraud Report. Exception Cleared.


Seller Comment (2022-03-16): fraud report OFAC background all passed
 03/18/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217162425 437220781 24906034 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided Please provide required Fraud Report/Background Check for borrower. Reviewer Comment (2022-03-18): Fraud report was provided; exception cleared.


Seller Comment (2022-03-16): fraud report OFAC background all passed
 03/18/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217162425 437220781 24906037 Credit Credit Credit Documentation Credit Missing Document: OFAC not provided Please provide required OFAC check. Reviewer Comment (2022-03-18): Fraud report was provided; exception cleared.


Seller Comment (2022-03-16): fraud report OFAC background all passed
 03/18/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217162425 437220781 24906061 Credit Credit Credit Documentation Credit OFAC was not checked and required per guidelines. - Please provide required OFAC check. Reviewer Comment (2022-03-18): Fraud report was provided; exception cleared.


Seller Comment (2022-03-16): fraud report OFAC background all passed
 03/18/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217169114 437221034 24911107 Credit Missing Document General Missing Document Missing Document: Bank Statements - Personal not provided Please provide the personal bank statement from XXXX account ending #[redacted] for the period of [redacted]-[redacted]. Missing the [redacted] bank statement utilized to calculate income. Reviewer Comment (2022-03-31): Received [Redact].


Seller Comment (2022-03-29): • [Redact] [Redact] bank statement for acct [Redact]


Reviewer Comment (2022-03-23): Rec'd [Redact] statement; missing [Redact] statement


Seller Comment (2022-03-21): •  [Redact] bank statement for acct [Redact]
 03/31/2022 1 A MS Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
217169114 437221034 24912739 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Zero percent fee tolerance for the appraisal fee was exceeded by $[redacted], and a cure of $[redacted] was provided. Reviewer Comment (2022-03-01): Sufficient Cure Provided At Closing
 03/01/2022 1 A MS Primary Refinance - Cash-out - Other Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
217169117 437220226 24913257 Credit Asset Asset Documentation Asset Asset documentation requirements not met. Please provide CPA/EA/licensed tax preparer's letter stating that the use of the funds in the transaction will not have
a material adverse impact on the business' operations.		 Reviewer Comment (2022-03-14): Signed letter from EA dated [Redact] stating that the use of business funds in the transaction will not have a material adverse impact on the business' operations received.


Seller Comment (2022-03-09): [Redact] [Redact] -   EA license tax preparer letter which address's use of business funds in this transaction and will not have a material adverse impact on the business operations
 03/14/2022 1 A FL Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
217169117 437220226 24925412 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - A CPA/EA/licensed tax preparer letter or equivalent document verifying self-employment must be
provided in all cases. The letter is good for [redacted] days. The letter shall state the name of the business (if
there is one), the Applicant's percentage ownership, the length of self-employment, and that the
business/Applicant are active and/or in good standing as the case may be per state reporting.		 Reviewer Comment (2022-03-14): Signed EA letter dated [Redact] verifying percentage of ownership and company in good standing received.


Seller Comment (2022-03-09): [Redact] [Redact] -  EA license preparer letter which states the name of the business, the percentage ownership, the length of self-employment  & is in good standing
 03/14/2022 1 A FL Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
217169121 437221003 24913938 Compliance Compliance Federal Compliance RESPA RESPA Disclosure -  List of Homeownership Counseling Organizations Older Than 30 days When Provided to Borrower RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations was older than [redacted] days when provided to borrower. List of Homeownership Counseling Organizations is dated [redacted] and the list provided is dated [redacted], which is older than [redacted] days when provided to borrower. Reviewer Comment (2022-03-24): Seller Acknowledges Exception.


Seller Comment (2022-03-22): Seller requests buyer review: Please waive this exception with no grade change
 03/24/2022 2 B FL Primary Refinance - Cash-out - Other B B A A B B A A Non QM Non QM No
217169121 437221003 24925618 Compliance Compliance Federal Compliance RESPA RESPA Disclosure -  Missing Signature on Affiliated Business Arrangement Disclosure RESPA Disclosure Rule: Creditor did not obtain signature on Affiliated Business Arrangement Disclosure. Affiliated Business Arrangement Disclosure is not executed by the Borrowers. Reviewer Comment (2022-03-24): Seller Acknowledges Exception.


Seller Comment (2022-03-22): Seller requests buyer review: Please waive this exception with no grade change
 03/24/2022 2 B FL Primary Refinance - Cash-out - Other B B A A B B A A Non QM Non QM No
217169121 437221003 24925636 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Lender cure of $[redacted] provided at closing to accommodate the fee tolerance being exceeded. Reviewer Comment (2022-03-02): Sufficient Cure Provided At Closing
 03/02/2022 1 A FL Primary Refinance - Cash-out - Other Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
217169152 437221575 24910072 Credit Investment Product General Investment Product REO property does not have a lease in place and required by guidelines. - Please provide the lease agreement for the subject property. The borrower provided a letter of explanation that he is remodeling the property to keep up with the rental market. Reviewer Comment (2022-03-15): Rec'd vacation rental listing and income statement; exception cleared.


Seller Comment (2022-03-11): This is a short term beach rental . There is no lease.  Attached is a rental agreement
 03/15/2022 1 A FL Investment Refinance - Cash-out - Home Improvement C A C A A A No
217169251 437221584 24914686 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Spousal Consent Form not provided Please provide the spousal consent form, or the deed reflecting the borrower's spouse has been removed. Reviewer Comment (2022-03-15): Interspousal Grant Deed provided; exception cleared.


Seller Comment (2022-03-11): Grant Deed
 03/15/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217169251 437221584 24915114 Credit Loan Package Documentation Closing / Title Loan Package Documentation (Missing Doc) Missing Note Addendum: Note P&I does not match calculated P&I Please provide an updated signed note with the correct payment, or provide the signed interest only addendum to the note. Payment on the note is based on [redacted] year interest only with [redacted] year amortization, however there is no I/O verbiage. Reviewer Comment (2022-03-28): Received and associated updated Note signed by borrower .  Note reflects 10 year interest only with 30 year amortization, with I/O verbiage . Amortization schedule reflects  10 year interest only with 30 year amortization .Exception cleared.


Seller Comment (2022-03-25): Note
 03/28/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217176867 437221576 24915043 Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. Please provide post closing CD reflecting all buyer and seller fees, and evidence this document has been sent to the borrower. Reviewer Comment (2022-03-17): [Redact] received final CD.
 03/17/2022 1 A VA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C A C A C A A A Non QM Non QM Yes
217176867 437221576 24915056 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). The Calculated Finance Charge is $[redacted].  The Finance Charge that was disclosed on the Final CD and on the Mavent in file is $[redacted].  The finance charge was under-disclosed by $[redacted] on the Final CD. Reviewer Comment (2022-03-17): [Redact] received final CD.


Seller Comment (2022-03-15): [Redact] & [Redact] bank statements


Seller Comment (2022-03-15): Final CD and [Redact]
 03/17/2022 1 A VA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C A C A C A A A Non QM Non QM Yes
217176867 437221576 24928453 Credit Guideline Guideline Issue Guideline Missing employment verification documentation. - The UW Business Bank Statement Spreadsheet shows [redacted] months of business bank statements were used for income; however, only bank statements for [redacted] months were in the file.  Please provide the bank statements from [redacted]-[redacted] for [redacted] account #[redacted]. Reviewer Comment (2022-03-17): Received.


Seller Comment (2022-03-15): [Redact] & [Redact] bank statements
 03/17/2022 1 A VA Primary Purchase C A C A C A A A Non QM Non QM No
217176867 437221576 24928454 Credit Guideline Guideline Issue Guideline Missing employment verification documentation. - The UW Business Bank Statement Spreadsheet shows [redacted] months of business bank statements were used for income; however, only bank statements for [redacted] months were in the file.  Please provide the bank statements from [redacted]-[redacted] for [redacted] account #[redacted]. Reviewer Comment (2022-03-17): Received.


Seller Comment (2022-03-15): [Redact] & [Redact] bank statements
 03/17/2022 1 A VA Primary Purchase C A C A C A A A Non QM Non QM No
217176867 437221576 24928542 Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - Please provide the bank statements for [redacted] accounts #[redacted], #[redacted], #[redacted], and #[redacted] from [redacted]-[redacted] to satisfy the[redacted] month requirement. Reviewer Comment (2022-03-17): Received the additional month bank statement.


Seller Comment (2022-03-15): Bank statements
 03/17/2022 1 A VA Primary Purchase C A C A C A A A Non QM Non QM No
217176867 437221576 24974349 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 Missing Initial 1003 for [redacted]. Reviewer Comment (2022-03-14): Received Initial 1003 for both the borrowers and document associated. Exception cleared.


Seller Comment (2022-03-11): Initial 1003
 03/14/2022 1 A VA Primary Purchase C A C A C A A A Non QM Non QM No
217176867 437221576 24974372 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003 File is missing the Final 1003 for [redacted]. Reviewer Comment (2022-03-14): Received Final 1003 signed by the borrowers at closing and documents associated. Exception cleared.


Seller Comment (2022-03-11): Final 1003
 03/14/2022 1 A VA Primary Purchase C A C A C A A A Non QM Non QM No
217176867 437221576 24974596 Credit Missing Document General Missing Document Missing Document: Bank Statements - Business not provided The UW Business Bank Statement Spreadsheet shows [redacted] months of business bank statements were used for income; however, only bank statements for [redacted] months were in the file.  Please provide the bank statements from [redacted]-[redacted] for [redacted] account #[redacted] and account #[redacted]. Reviewer Comment (2022-03-17): Received.


Seller Comment (2022-03-15): [Redact] & [Redact] bank statements
 03/17/2022 1 A VA Primary Purchase C A C A C A A A Non QM Non QM No
217177279 437220847 24917275 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Please provide a replacement cost estimator in the amount of $[redacted], or an updated hazard insurance policy with dwelling coverage of $[redacted]. There is a hazard insurance coverage shortfall of $[redacted]. Reviewer Comment (2022-03-21): Rec'd RCE in trailing docs; exception cleared


Seller Comment (2022-03-16): RCE
 03/21/2022 1 A TX Investment Purchase C A C A A A No
217177338 437221467 24916451 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Provide WVOE for borrower's prior employment/position with Arnette's Martial Arts.  Income is shown as a Wage Earner when borrower was the Head Instruction.  A WVOE with start/end dates of this employment is required. Reviewer Comment (2022-03-30): WVOE dated [Redact] verifies Borrower's employment beginning [Redact] and Borrower is still an instructor and coach as the owner of the company since taking over [Redact] of [Redact].


Seller Comment (2022-03-28): VOE


Reviewer Comment (2022-03-17): Prior VOE was not provided; Rec'd letter of explanation from Borrower only.


Seller Comment (2022-03-16): VOE LOX
 03/30/2022 1 A ID Primary Purchase C B C A C B A A Non QM Non QM No
217177338 437221467 24916452 Credit Income / Employment Income Documentation Income / Employment The verification of employment is required and was not found in file. - Provide WVOE for borrower's prior employment/position with XXXX.  Income is shown as a Wage Earner when borrower was the Head Instruction.  A WVOE with start/end dates of this employment is required. Reviewer Comment (2022-03-30): WVOE dated [Redact] verifies Borrower's employment beginning [Redact] and Borrower is still an instructor and coach as the owner of the company since taking over [Redact] of [Redact].


Seller Comment (2022-03-28): voe


Reviewer Comment (2022-03-17): Prior VOE was not provided; Rec'd letter of explanation from Borrower only.


Seller Comment (2022-03-16): VOE LOX
 03/30/2022 1 A ID Primary Purchase C B C A C B A A Non QM Non QM No
217177338 437221467 24917055 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Loan Discount Points Fee Amount increased from amount reflected on Loan estimate. No cure provided. Reviewer Comment (2022-03-21): "[Redact] received valid COC and LE document in order to clear this exception.


Seller Comment (2022-03-17): LE
 03/21/2022 1 A ID Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
217177338 437221467 24969857 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Appraisal delivery document for the Initial Appraisal Report dated [redacted] was provided.  Please provide the appraisal delivery document for the Revised/Final Appraisal Report dated [redacted]. Reviewer Comment (2022-03-17): Seller acknowledges exception.


Seller Comment (2022-03-15): Seller requests buyer review: lvl 2 condition, please waive
 03/17/2022 2 B ID Primary Purchase C B C A C B A A Non QM Non QM No
217177339 437221568 24915765 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide the Fraud Report. Reviewer Comment (2022-03-15): Received Fraud report on [Redact]. Condition Cleared.


Seller Comment (2022-03-14): Fraud Report
 03/15/2022 1 A NY Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
217177339 437221568 24916501 Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [redacted] business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. E sign permission was dated [redacted]. Reviewer Comment (2022-03-15): [Redact] received document stating initial LE was delivered to the borrower on [Redact].


Seller Comment (2022-03-14): the econsent for our borrower was received on [Redact].
 03/15/2022 1 A NY Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
217177341 437221411 24919877 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year[redacted] of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Documentation in the file shows annual insurance premium is $[redacted].  Annual real estate taxes are $[redacted] and annual HOA dues are $[redacted] for a total of $[redacted].  Provide PCCD with corrections to page one and page 4, along with a letter of explanation to the borrower. Reviewer Comment (2022-03-16): [Redact] received Letter of Explanation & Corrected Closing Disclosure


Seller Comment (2022-03-15): uploaded revised PCCD with updated page 4 to match with investor suspense
 03/16/2022 2 B CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
217177341 437221411 24934490 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Reviewer Comment (2022-03-17): Rec'd income worksheet in trailing docs; exception cleared.


Seller Comment (2022-03-15): income worksheet
 03/17/2022 1 A CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
217177341 437221411 24972313 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Provide the appraisal delivery document for the Revised/Final Appraisal Report dated [redacted]. Reviewer Comment (2022-03-22): Seller Acknowledges Exception.


Seller Comment (2022-03-18): Seller requests buyer review: Level II condition please waive and clear file


Reviewer Comment (2022-03-17): Appraisal notice provided indicates revised appraisal report was provided post-closing; evidence of borrower receipt of revised report at or prior to closing has not been provided.  Exception remains.


Seller Comment (2022-03-15): appraisal waiver and delivery letter
 03/22/2022 2 B CA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
217177342 437221078 24917360 Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Appraisal is required to be in name of Lender - Guidelines require: A copy of the appraiser's current license, to be independently verified by the seller,
• A copy of the appraiser's current E&O Policy with sufficient coverage name the appraiser as insured,
• The AIR certificate confirming compliance with Dodd-Frank AIR requirements, and
• The AMC to provide an assignment of appraisal to the seller. In lieu of this requirement the AMC's business license must be independently verified by the seller.		 Reviewer Comment (2022-03-23): All required docs rec'd


Seller Comment (2022-03-21): • xxxx license and license history


Seller Comment (2022-03-21): • AIR Cert


Seller Comment (2022-03-21): • Appraiser E&O


Seller Comment (2022-03-21): • Appraiser licensed verified by [Redact]


Seller Comment (2022-03-21): • Appraiser license
 03/23/2022 1 A CA Primary Refinance - Cash-out - Other C B C B C A B A Non QM Non QM No
217177342 437221078 24920009 Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of $[redacted]  is less than amount of binding Lender Credit previously disclosed in the amount of $[redacted]. No lender credit provided on final CD. Reviewer Comment (2022-03-23): [Redact] received  VCC, exception is cleared.


Seller Comment (2022-03-21): • COC CD removing the lender credit
 03/23/2022 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C A B A Non QM Non QM Yes
217177342 437221078 24920012 Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Reserves: [redacted]
Guideline Requirement: [redacted]

Borrower has worked in the same position for more than [redacted] years.

Documentation Type: [redacted]
Disposable Income: [redacted]

Borrower has been employed in the same industry for more than [redacted] years.		 Originator,Owner

Originator,Owner

Originator,Owner

Owner,Originator		 Reviewer Comment (2022-03-08): Lender Approval for Loan Amount of[Redact]
 03/08/2022 2 B CA Primary Refinance - Cash-out - Other C B C B C A B A Non QM Non QM No
217177342 437221078 24933938 Credit Missing Document General Missing Document Missing Document: Bank Statements - Business not provided Please provided [redacted] months business bank statements per guidelines. Reviewer Comment (2022-03-23): Personal statements treated as Business account per guidelines; additional business account stmt's not required


Seller Comment (2022-03-21): • [Redact] cert confirming [Redact] Guides do not require 3 months business bank statements when the borrower doesn't have deposits coming from a business account
 03/23/2022 1 A CA Primary Refinance - Cash-out - Other C B C B C A B A Non QM Non QM No
217177342 437221078 24973033 Credit Credit Miscellaneous Guideline Credit Exception: A CDA is required for the appraisal completed by [redacted] on [redacted].  A CDA is required when the appraisal is not in the name of the Lender. Reviewer Comment (2022-03-23): Rec'd CDA in trailing docs.


Seller Comment (2022-03-21): • CDA for the appraisal completed by [Redact]
 03/23/2022 1 A CA Primary Refinance - Cash-out - Other C B C B C A B A Non QM Non QM No
217177346 437221053 24922375 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Have Escrow -  Monthly Escrow Payment Overdisclosed TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan. . Reviewer Comment (2022-03-02): Sufficient Cure Provided At Closing
 03/02/2022 1 A FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure A A A A A A A A Non QM Non QM Yes
217179014 437220686 24924083 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. The Appraisal Desk Review Fee of $[redacted] exceeds the Zero Percent Tolerance by $[redacted].  File does not contain a valid COC for this fee, nor evidence of cure.  Provide a post-close CD disclosing the tolerance cure to include $[redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changed made, or VCC. Reviewer Comment (2022-03-23): [Redact] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected PCCD.


Seller Comment (2022-03-22): PCCD proof of mailing uploaded


Reviewer Comment (2022-03-21): [Redact] received corrected PCCD, LOE, Copy of check and  shipping label. Tracking indicates the label has been created; however, it has not been picked up for shipping. Proof of mailing is required to cure.


Seller Comment (2022-03-17): LOE to borrower, PCCD, proof of delivery and copy of refund check
 03/23/2022 2 B GA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
217179014 437220686 24924148 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted].  Insufficient or no cure was provided to the borrower. The recording fees of $[redacted] exceeds the Ten Percent Fee Tolerance of [redacted]. File does not contain a valid COC for this fee, nor evidence of cure.  Provide a post-close CD disclosing the tolerance cure to include $[redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changed made, or VCC. Reviewer Comment (2022-03-23): [Redact] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected PCCD.


Seller Comment (2022-03-22): LOE, PCCD, copy of refund and proof of delivery uploaded.
 03/23/2022 2 B GA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
217179014 437220686 24924149 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. The Transfer Tax of $[redacted] exceeds the Zero Percent Fee Tolerance by $[redacted].  File does not contain a valid COC for this fee, nor evidence of cure.  Provide a post-close CD disclosing the tolerance cure to include $[redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changed made, or VCC. Reviewer Comment (2022-03-23): [Redact] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected PCCD.


Seller Comment (2022-03-22): LOE, PCCD, copy of refund and proof of delivery uploaded.
 03/23/2022 2 B GA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
217179014 437220686 24940741 Credit System General System Borrower 1003 current address does not match Note address. - Note shows the address as [redacted] and the current address on the 1003 shows [redacted].  Also, the income on the final 1003 is $[redacted] and the income used on the final 1008 and the UW worksheet is $[redacted]. Reviewer Comment (2022-03-21): Rec'd corrected 1003; exception cleared.


Seller Comment (2022-03-17): Revised 1003 and  revised 1008
 03/21/2022 1 A GA Primary Refinance - Cash-out - Other C B C A C B A A Non QM Non QM No
217181397 437220873 24921656 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 The CDA is missing to support the transferred appraisal per guidelines. Reviewer Comment (2022-03-11): Received CDA from Clear Capital,  Valuation Value Difference of %  is[Redact]. Exception Cleared.


Seller Comment (2022-03-09): CDA
 03/11/2022 1 A CA Investment Refinance - Cash-out - Other D A A A D A No
217183371 437220462 24923489 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. CD dated [redacted] is dated same as closing date. Reviewer Comment (2022-03-15): [Redact] received [Redact] CD.


Seller Comment (2022-03-11): CD issued on [Redact]. uploaded.
 03/15/2022 1 A CA Primary Refinance - Cash-out - Other No Defined Cure C A A A C A A A Non QM Non QM No
217183371 437220462 24923503 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. A Lender Credit of $[redacted], was issued  to the borrower as a cure Reviewer Comment (2022-03-02): Sufficient Cure Provided At Closing
 03/02/2022 1 A CA Primary Refinance - Cash-out - Other Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
217187887 437221076 24926081 Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Sufficient cure was provided to the borrower. Reviewer Comment (2022-03-02): Sufficient Cure Provided At Closing
 03/02/2022 1 A CA Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
217187889 437221077 24927819 Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Ten percent fee exceeds guideline tolerance without COC. Reviewer Comment (2022-03-02): Sufficient Cure Provided At Closing
 03/02/2022 1 A PA Primary Purchase Final CD evidences Cure C B C A B B A A Non QM Non QM Yes
217187889 437221077 24997532 Credit Credit Miscellaneous Guideline Credit Exception: The Business Bank Statement Spreadsheet shows the CPA Stated Expense Ratios is [redacted]%; however, the CPA Letter does not include an expense ratio.  Provide CPA Letter that includes the borrower's expense ratio. Reviewer Comment (2022-03-31): Received.


Seller Comment (2022-03-30): • CPA letter confirming the expense ratio
 03/31/2022 1 A PA Primary Purchase C B C A B B A A Non QM Non QM No
217187889 437221077 24997650 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Appraisal delivery document in file is for the Initial Appraisal Report.  Provide appraisal delivery document for the Revised/Final Appraisal Report dated [redacted]. Reviewer Comment (2022-03-31): Seller Acknowledges Exception.


Seller Comment (2022-03-30): Seller requests buyer review: Please waive this exception with no grade change
 03/31/2022 2 B PA Primary Purchase C B C A B B A A Non QM Non QM No
217187932 437220804 25050446 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. The Appraisal Fee. was disclosed to the borrower on the loan estimate as $[redacted] but it appeared on the closing disclosure as $[redacted] with no cure provided. Provide valid changed circumstance or a cure to the borrower by delivering a PC CD and evidence of refund to the borrower with an explanation of changes. Reviewer Comment (2022-03-18): [Redact] received  VCC, exception is cleared.


Seller Comment (2022-03-17): COC
 03/18/2022 1 A CO Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
217187932 437220804 25050463 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. The Loan Discount Points was disclosed to the borrower on the loan estimate as $[redacted] but it appeared on the closing disclosure as $[redacted] with no cure provided. Provide valid changed circumstance or a cure to the borrower by delivering a PC CD and evidence of refund to the borrower with an explanation of changes. Reviewer Comment (2022-03-18): [Redact] received  VCC, exception is cleared.


Seller Comment (2022-03-17): COC
 03/18/2022 1 A CO Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
217187932 437220804 25050476 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. The Appraisal Re-Inspection Fee  was not disclosed to the borrower on the loan estimate. Provide valid changed circumstance or a cure to the borrower by delivering a PC CD and evidence of refund to the borrower with an explanation of changes. Reviewer Comment (2022-03-18): [Redact] received  VCC, exception is cleared.


Seller Comment (2022-03-17): LE COC
 03/18/2022 1 A CO Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
217187932 437220804 25050488 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Water Testing Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Water Testing Fee entered on page 2 of the final CD in Section C and not Section H. This fee is not a lender fee, but a property-related required charge. Please provide cure or corrected CD with evidence it was sent to the Borrower with an explanation. Reviewer Comment (2022-03-28): [Redact] received corrected PCCD moving fee to Section H with LOE


Seller Comment (2022-03-25): PCCD [Redact]


Reviewer Comment (2022-03-22): [Redact] received corrected PCCD along with LOE for the Water Testing fee moved to Section H from Section C. However, the provided LOX doesn't specify the correction made on Post CD. Please provide Letter of explanation stating the correction made on Post CD.


Seller Comment (2022-03-21): PCCD
 03/28/2022 1 A CO Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
217187932 437220804 25050584 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted].  Insufficient or no cure was provided to the borrower. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. Provide valid changed circumstance or a cure to the borrower by delivering a PC CD and evidence of refund to the borrower with an explanation of changes. Reviewer Comment (2022-03-18): [Redact] received  VCC, exception is cleared.


Seller Comment (2022-03-17): CD
 03/18/2022 1 A CO Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
217187932 437220804 25050613 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. Initial Closing Disclosure not included in file. Provide initial CD delivered to Borrower(s) at least [redacted] business days prior to closing. Reviewer Comment (2022-03-18): [Redact] received the initial CD, exception is cleared.


Seller Comment (2022-03-17): cd
 03/18/2022 1 A CO Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
217187932 437220804 25057988 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Transaction Coordinator Fee entered on page 2 of the final CD in Section C and not Section H. This fee is not a lender fee, but a property-related required charge. Please provide cure or corrected CD with evidence it was sent to the Borrower with an explanation. Reviewer Comment (2022-03-28): [Redact] received corrected PCCD moving fee to Section H with LOE


Seller Comment (2022-03-25): PCCD [Redact]


Reviewer Comment (2022-03-22): [Redact] received corrected PCCD along with LOE for the Survey fee moved to section H from C and PCCD fee name changed to reflects "Transaction Coordinate fee". However, the provided LOX doesn't specify the correction made on Post CD. Please provide Letter of explanation stating the correction made on per Post CD along with Certified copy of the Final SS to verify the same fee has been collected from borrower. Or else required corrected PCCD with LOE for the same. exception remains.


Seller Comment (2022-03-21): PCCD fee name corrected


Reviewer Comment (2022-03-18): Fee added on final CD without VCC.  Please provide VCC or cure in order to complete testing.


Seller Comment (2022-03-17): cd
 03/28/2022 1 A CO Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
217187944 437220764 24940551 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 The Initial 1003 signed and dated by the Loan Officer was not found in the file. Reviewer Comment (2022-03-22): Seller acknowledges exception.
 03/22/2022 2 B CA Investment Purchase C B C B B B A A N/A Exempt from ATR No
217187944 437220764 24940857 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. We are in receipt of the appraisal delivery document for the Initial Appraisal Report.  Please provide the appraisal delivery document for the Revised/Final Appraisal Report dated [redacted]. Reviewer Comment (2022-03-18): Seller acknowledges exception.
 03/18/2022 2 B CA Investment Purchase C B C B B B A A N/A Exempt from ATR No
217187944 437220764 24940984 Credit Credit Credit Eligibility Guideline Public Record Issue: - Collections account is greater than the allowable maximum of $[redacted] Reviewer Comment (2022-03-22): Seller acknowledges exception.
 03/22/2022 2 B CA Investment Purchase C B C B B B A A N/A Exempt from ATR No
217187944 437220764 24941226 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - The only bank statement found for [redacted]. [redacted] account ending [redacted] is [redacted] through [redacted].   We are missing [redacted] bank statements with end date [redacted] , [redacted], [redacted],  [redacted], [redacted],  [redacted],  [redacted],  [redacted],  [redacted], [redacted],  [redacted]. Reviewer Comment (2022-03-25): 11 bank statements with end date [Redact] , [Redact], [Redact], [Redact], [Redact], [Redact], [Redact], [Redact], [Redact], [Redact], [Redact] received.


Seller Comment (2022-03-24): Bank stmts attached
 03/25/2022 1 A CA Investment Purchase C B C B B B A A N/A Exempt from ATR No
217187944 437220764 24941243 Credit Missing Document General Missing Document Missing Document: Bank Statements - Business not provided Missing [redacted] months of business bank statements Reviewer Comment (2022-03-25): 11 bank statements with end date [Redact] , [Redact], [Redact], [Redact], [Redact], [Redact], [Redact], [Redact], [Redact], [Redact], [Redact] received.
 03/25/2022 1 A CA Investment Purchase C B C B B B A A N/A Exempt from ATR No
217195533 437220741 24998313 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Reviewer Comment (2022-03-18): Seller acknowledges exception.


Seller Comment (2022-03-18): Appraisal acknowledgement date is same as signature date on appraisal.  Borrower received the appraisal and acknowledged receipt the same day.  Given this, please let us know the reason for this exception.
 03/18/2022 2 B MA Primary Refinance - Cash-out - Other B B A A B B A A Non QM Non QM No
217195539 437220666 24936020 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) xxxx Constitution Section xxxx: Acknowledgment of the Fair Market Value not properly executed by the Lender. Reviewer Comment (2022-03-18): Rec'd disclosure signed by Lender; exception cleared


Seller Comment (2022-03-16): Fair Market
 03/18/2022 1 A TX Primary Refinance - Cash-out - Other To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents, (AFMV signed by the lender), and obtain an executed copy; OR (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. D B A A D B A A Non QM Non QM Yes
217195539 437220666 24936022 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [redacted] of [redacted] on Final Closing Disclosure provided on [redacted]not accurate. Annual insurance premium is $[redacted]; annual real estate taxes are $[redacted] and annual HOA dues are $[redacted].  The Estimated Taxes, Insurance and Assessments on page 1 of the CD should be $[redacted].  The Estimated Property Costs over Year [redacted] on page 4 of the CD should be $[redacted]. Reviewer Comment (2022-03-17): [Redact] received Letter of Explanation & Corrected Closing Disclosure.


Seller Comment (2022-03-16): PCCD
 03/17/2022 2 B TX Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D B A A D B A A Non QM Non QM Yes
217195539 437220666 24936032 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. Only the Final CD issued [redacted] was found in the file.  Provide copy of all CDs. Reviewer Comment (2022-03-17): [Redact] received [Redact] CD


Seller Comment (2022-03-16): CD
 03/17/2022 1 A TX Primary Refinance - Cash-out - Other No Defined Cure D B A A D B A A Non QM Non QM No
217195539 437220666 24943444 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Itemization of Points and Fees Not Provided At Least 1 Business Day Prior to Closing - No Waiver) [redacted] Constitution Section xxxx: Final itemized disclosure of fees, points, costs and charges not provided to borrower at least one ([redacted]) business day prior to closing without a waiver. Reviewer Comment (2022-03-18): Signed disclosure acknowledges receipt at least one business day prior to closing; exception cleared.


Seller Comment (2022-03-16): LE COC


Seller Comment (2022-03-16): cd
 03/18/2022 1 A TX Primary Refinance - Cash-out - Other Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. D B A A D B A A Non QM Non QM Yes
217195539 437220666 24943547 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted].  Insufficient or no cure was provided to the borrower. No Lender tolerance cure provided in the file. Please provide VCC or cure to the borrower with a PC CD and evidence it was sent to the borrower with an explanation of changes. Reviewer Comment (2022-03-17): [Redact] received Letter of Explanation, Copy of cure refund, proof of mailing & Corrected Closing Disclosure.


Seller Comment (2022-03-16): PCCD
 03/17/2022 2 B TX Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B A A D B A A Non QM Non QM Yes
217195539 437220666 24943548 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. No Lender tolerance cure provided in the file. Please provide VCC or cure to the borrower with a PC CD and evidence it was sent to the borrower with an explanation of changes. Reviewer Comment (2022-03-17): [Redact] received Letter of Explanation, Copy of cure refund, proof of mailing & Corrected Closing Disclosure.


Seller Comment (2022-03-16): PCCD
 03/17/2022 2 B TX Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B A A D B A A Non QM Non QM Yes
217195547 437220750 24963473 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Provide Borrower acknowledgment of appraisal receipt at least [redacted] days prior to closing or that the borrower signed the [redacted]-hour waiver. Reviewer Comment (2022-03-18): Seller acknowledges exception.
 03/18/2022 2 B FL Investment Purchase C B C B B B A A N/A Exempt from ATR No
217195547 437220750 24965301 Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. - The Final 1003 indicates the Borrower will be occupying the property. Provide valXXXXtion from Borrower that subject property is an investment and will not be occupied as the primary residence.  Also provide corrected 1003. Reviewer Comment (2022-03-25): Received the Occupancy Cert and updated 1003.


Seller Comment (2022-03-23): Occupancy cert attached


Seller Comment (2022-03-23): URLA attached


Seller Comment (2022-03-23): Memo attached
 03/25/2022 1 A FL Investment Purchase C B C B B B A A N/A Exempt from ATR No
217195547 437220750 24999106 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Reviewer Comment (2022-03-18): Seller acknowledges exception.
 03/18/2022 2 B FL Investment Purchase C B C B B B A A N/A Exempt from ATR No
217195547 437220750 24999846 Credit Credit Miscellaneous Guideline Credit Exception: Company formed in [redacted] and property is in [redacted]. The qualifying DTI on the loan is at least xx% less than the guideline maximum.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.		 Originator,Owner

Owner

Owner

Owner

Originator,Owner		 Reviewer Comment (2022-03-09): Lender Exception with Comp Factors provided for regrade and waive.
 03/09/2022 2 B FL Investment Purchase C B C B B B A A N/A Exempt from ATR No
217195565 437221585 24926140 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [redacted] of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Please provide a post closing CD with property costs over year one of $[redacted], and evidence the document was sent to the borrower. Annual HOA of $[redacted], insurance of $[redacted], and taxes of $[redacted]. Reviewer Comment (2022-03-21): [Redact] received corrected PCCD and LOE hence no further action required


Seller Comment (2022-03-18): PCCD
 03/21/2022 2 B CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
217195565 437221585 24926234 Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of $[redacted]  is less than amount of binding Lender Credit previously disclosed in the amount of $[redacted]. Please provide a valid change of circumstance, or a post closing CD with the disclosed lender credit of $[redacted]. Disclosed lender credit is $[redacted] less than the actual lender credit. Reviewer Comment (2022-04-04): [Redact] received VCC indicating LTV adjusted due to appraisal therefore affecting pricing.


Seller Comment (2022-03-31): CIC
 04/04/2022 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
217195571 437220838 24941419 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 Please provide the secondary valuation as required. Reviewer Comment (2022-03-14): Received CDA report with value of $[Redact] on [Redact]. Exception cleared


Seller Comment (2022-03-11): CDA uploaded.
 03/14/2022 1 A NJ Investment Refinance - Cash-out - Other D A A A D A No
217195574 437220532 24925173 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide required Fraud Report/Background check. Reviewer Comment (2022-03-25): Received.
 03/25/2022 1 A NY Investment Purchase D A D A D A No
217195574 437220532 24925175 Credit Credit Credit Documentation Credit Missing Document: OFAC not provided Please provide required OFAC search. Reviewer Comment (2022-03-25): Received.


Seller Comment (2022-03-23): Fraudguard attached
 03/25/2022 1 A NY Investment Purchase D A D A D A No
217195574 437220532 24925182 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Purchase Agreement / Sales Contract not provided Reviewer Comment (2022-03-25): Received and associated Purchase Agreement. Exception Cleared.


Seller Comment (2022-03-23): Purchase Agreement attached
 03/25/2022 1 A NY Investment Purchase D A D A D A No
217195574 437220532 24925185 Credit Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal not provided Reviewer Comment (2022-03-25): Received and associated Appraisal. Exception Cleared.


Seller Comment (2022-03-23): Appraisal attached
 03/25/2022 1 A NY Investment Purchase D A D A D A No
217195574 437220532 24925189 Credit Credit Credit Documentation Missing Document  Missing Document: Credit Report not provided Reviewer Comment (2022-03-25): Received.


Seller Comment (2022-03-23): Credit report attached
 03/25/2022 1 A NY Investment Purchase D A D A D A No
217195574 437220532 24925318 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 An acceptable CU score or CDA was not provided.  UCDP reports are missing from file. Reviewer Comment (2022-03-25): [Redact] UCDP received = 1.
 03/25/2022 1 A NY Investment Purchase D A D A D A No
217195574 437220532 24925325 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. Reviewer Comment (2022-03-25): Received and associated Appraisal report with effective date [Redact] and report date [Redact] which is dated after Disaster End Date [Redact]. Exception Cleared.
 03/25/2022 1 A NY Investment Purchase D A D A D A No
217195574 437220532 24925527 Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Reviewer Comment (2022-03-31): Lender provided an additional bank statement for account [Redact] dated [Redact][Redact]


Reviewer Comment (2022-03-25): Please provide an additional 2 days or more of asset verification for acct [Redact] and ownership percentage documentation for the business assets Acct [Redact].


Reviewer Comment (2022-03-25): Received and associated bank statements from [Redact] [Redact] and [Redact] [Redact]. Provided bank statements for [Redact] [Redact] covers 58 days . Provide Bank statements from [Redact] [Redact] covering the most recent 60 day period prior to closing to verify sufficient assets for closing. Provided Bank statement from [Redact] [Redact] is a business account . Provide documentation to verify the ownership %. Provide source of funds for the EMD $[Redact]. Exception remains.


Seller Comment (2022-03-23): LE attached


Seller Comment (2022-03-23): CTC & 1008


Seller Comment (2022-03-23): Assets attached
 03/31/2022 1 A NY Investment Purchase D A D A D A No
217195574 437220532 24925539 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Appraisal is missing.; Sec ID: 1 Reviewer Comment (2022-03-25): Received and associated Appraisal. Exception Cleared.
 03/25/2022 1 A NY Investment Purchase D A D A D A No
217195574 437220532 24926005 Credit Missing Document General Missing Document Missing Document: HUD/CD not provided Please provide all Loan Estimates and Closing Disclosures provided to the borrower for the loan including the final CD missing from file. Reviewer Comment (2022-03-31): Received and associated signed and dated final closing disclosure . Exception cleared.


Seller Comment (2022-03-30): Final CD attached


Reviewer Comment (2022-03-25): LE received. Please forward the Final CD.
 03/31/2022 1 A NY Investment Purchase D A D A D A No
217195574 437220532 24926094 Credit Asset Asset Documentation Asset Missing Document: Asset Documentation not provided Please provide asset statements covering the most recent [redacted] day period prior to closing to verify sufficient assets for closing. Reviewer Comment (2022-03-31): Lender provided an additional bank statement for account [Redact] dated [Redact][Redact]


Seller Comment (2022-03-29): Account ownership attached


Seller Comment (2022-03-29): [Redact] stmt attached


Reviewer Comment (2022-03-25): Please provide an additional 2 days or more of asset verification for acct [Redact] and ownership percentage documentation for the business assets Acct [Redact].


Seller Comment (2022-03-23): See asset docs uploaded 3-23
 03/31/2022 1 A NY Investment Purchase D A D A D A No
217195574 437220532 24926115 Credit Asset Asset Documentation Asset Asset documentation is missing from the file and required per guidelines. - Please provide asset statements covering the most recent [redacted] day period prior to closing to verify sufficient assets for closing. Reviewer Comment (2022-03-31): Lender provided an additional bank statement for account [Redact] dated [Redact][Redact]


Reviewer Comment (2022-03-25): Please provide an additional 2 days or more of asset verification for acct [Redact] and ownership percentage documentation for the business assets Acct [Redact].


Seller Comment (2022-03-23): See assets uploaded 3-23
 03/31/2022 1 A NY Investment Purchase D A D A D A No
217195574 437220532 24926166 Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy. Unable to verify borrower FICO score  or required FICO due to missing credit report. Reviewer Comment (2022-03-25): Credit Report/FICO received.
 03/25/2022 1 A NY Investment Purchase D A D A D A No
217195625 437221581 24925622 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Provide all appraisals done for the loan and evidence they were all sent to the borrower at least [redacted] days prior to closing. Reviewer Comment (2022-03-22): Provided as a trailing doc


Seller Comment (2022-03-17): Appraisal delivery
 03/22/2022 1 A CA Investment Refinance - Rate/Term C A C A B A A A N/A Exempt from ATR No
217195625 437221581 24944631 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Please provide copy of current CD/Closing Statement for the new mortgage amount on this property. Reviewer Comment (2022-03-28): Received revised 1003 and verified , Exception Cleared


Seller Comment (2022-03-25): Revised 1003


Seller Comment (2022-03-25): Taxes and Insurance of [Redact] is correct, No HOA dues, 1003 revised and attached


Reviewer Comment (2022-03-25): Received duplicate copy of CD for the property [Redact] [Redact], As per final 1003 for this property showing Tax and insurance verification and association dues $[Redact]. Verified tax and hazard insurance fee( $[Redact] + [Redact] = $[Redact]) the difference qualified amount of as per final 1003 is $[Redact], Kindly provide the supporting document for$[Redact] to clear this exception, Exception Remains


Seller Comment (2022-03-23): CD NO HOA.


Reviewer Comment (2022-03-21): Received and associated CD for the property at [Redact], [Redact]. Tax and insurance verification are provided in file.
CD reflects HOA dues for this property. Provide HOA verification for the property at [Redact], [Redact]. Exception remains.


Seller Comment (2022-03-17): CD REO
 03/28/2022 1 A CA Investment Refinance - Rate/Term C A C A B A A A N/A Exempt from ATR No
217195625 437221581 24997501 Credit Credit Miscellaneous Guideline Credit Exception: Loan file missing signed Business Purpose Certification. Reviewer Comment (2022-03-22): Provided as a trailing doc


Seller Comment (2022-03-17): Business
 03/22/2022 1 A CA Investment Refinance - Rate/Term C A C A B A A A N/A Exempt from ATR No
217195626 437221583 24929676 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide the fraud report. Reviewer Comment (2022-03-18): Received Fraud Report. Exception Cleared.


Seller Comment (2022-03-16): Fraud report
 03/18/2022 1 A CA Primary Refinance - Rate/Term C A C A A A A A Non QM Non QM No
217195855 437220601 24931736 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide signed Business Purpose Certificate. Reviewer Comment (2022-03-16): Received Business Purpose Certificate. Exception Cleared


Seller Comment (2022-03-14): See BPC
 03/16/2022 1 A NY Investment Purchase C A C A A A No
217195856 437220668 24930195 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-03-16): Received Business Purpose Certificate on [Redact]. Exception cleared


Seller Comment (2022-03-14): See BPC
 03/16/2022 1 A NY Investment Refinance - Cash-out - Other C A C A A A No
217195856 437220668 24930206 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided Please provide required Business Entity documents for [redacted]. Reviewer Comment (2022-03-22): Received Certificate of Good Standing, Exception Cleared


Seller Comment (2022-03-21): see attached


Reviewer Comment (2022-03-17): Provide Certificate of Good Standing  for [Redact]. Exception remains.


Seller Comment (2022-03-16): see attached
 03/22/2022 1 A NY Investment Refinance - Cash-out - Other C A C A A A No
217195856 437220668 24930388 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided Please provide final UW approval or final 1008 which reflects final loan amount. Reviewer Comment (2022-03-17): Received and associated Approval reflecting loan amount [Redact]. Exception Cleared.


Seller Comment (2022-03-16): see attached
 03/17/2022 1 A NY Investment Refinance - Cash-out - Other C A C A A A No
217195859 437220771 24937142 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide signed Business Purpose Certificate. Reviewer Comment (2022-03-16): Received Business Purpose Certificate, Exception Cleared


Seller Comment (2022-03-14): see attached
 03/16/2022 1 A CT Investment Refinance - Rate/Term C A C A A A No
217196083 437220755 24936292 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided The approval is missing, please provide Reviewer Comment (2022-03-17): Approval received and document associated. Exception cleared.


Seller Comment (2022-03-16): see attached
 03/17/2022 1 A FL Primary Purchase C B C A B B A A Non QM Non QM No
217196083 437220755 25002792 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Reviewer Comment (2022-04-05): Seller Acknowledges Exception.


Seller Comment (2022-03-17): Seller requests buyer review: Please leave as a 2, unable to clear.
 04/05/2022 2 B FL Primary Purchase C B C A B B A A Non QM Non QM No
217196084 437220763 25002839 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Reviewer Comment (2022-03-23): received waiver


Reviewer Comment (2022-03-21): Rec'd conformation of Borrower receipt of appraisal report on [Redact], which is not 3 business days prior to closing. Exception to remain.


Seller Comment (2022-03-17): see attached appraisal acknowledgement
 03/23/2022 1 A TN Primary Purchase C A A A C A A A Non QM Non QM No
217196084 437220763 25002840 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is in excess of allowable threshold of APOR [redacted]% + [redacted]%, or [redacted]%.  Non-Compliant Higher Priced Mortgage Loan. Reviewer Comment (2022-03-23): received waiver
 03/23/2022 1 A TN Primary Purchase C A A A C A A A Non QM Non QM No
217196084 437220763 25002841 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Reviewer Comment (2022-03-23): received waiver


Seller Comment (2022-03-21): We closed on [Redact] so counting Saturday which we are allowed to do is 3 business days.


Reviewer Comment (2022-03-21): Rec'd conformation of Borrower receipt of appraisal report on [Redact], which is not 3 business days prior to closing. Exception to remain.


Seller Comment (2022-03-17): see attached appraisal acknowledgement
 03/23/2022 1 A TN Primary Purchase C A A A C A A A Non QM Non QM No
217196085 437220780 25002855 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Reviewer Comment (2022-04-05): Seller Acknowledges Exception.


Seller Comment (2022-03-17): Seller requests buyer review: Please leave as a 2, unable to clear.
 04/05/2022 2 B NJ Investment Purchase B B A A B B A A N/A Exempt from ATR No
217196087 437220558 24935123 Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. Reviewer Comment (2022-03-21): Received bank statements . Verified 12 months rental payment history . Exception cleared.


Seller Comment (2022-03-17): see attached
 03/21/2022 1 A CA Primary Purchase C A C A A A A A Non QM Non QM No
217196087 437220558 24936191 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-03-03): Sufficient Cure Provided At Closing
 03/03/2022 1 A CA Primary Purchase Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
217196088 437220623 24929862 Compliance Compliance State Compliance Misc. State Level Ohio Consumer Sales Practices Act (Right Not To Close Disclosure Not Provided) xxxx Consumer Sales Practices Act: Borrower not provided Right Not To Close Disclosure. Reviewer Comment (2022-03-16): Cleared. Document provided.


Seller Comment (2022-03-14): see attached.
 03/16/2022 1 A OH Primary Purchase B B A A B B A A Non QM Non QM No
217196088 437220623 25006980 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. The Appraisal Acknowledgement document provided is not acceptable.  The document states that the borrowers acknowledge receipt of the appraisal at least [redacted] business days prior to closing AND that the borrowers waive the appraisal requirement.  We are unable to determine which statement the borrowers. are agreeing to and/or acknowledging. Reviewer Comment (2022-03-16): Doc provided


Seller Comment (2022-03-14): Refer to blanket appraisal acknowledgement attestation.
 03/16/2022 1 A OH Primary Purchase B B A A B B A A Non QM Non QM No
217196088 437220623 25048433 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Borrower acknowledgment of receipt is dated [redacted] prior to revision dated [redacted]. Reviewer Comment (2022-04-05): Seller Acknowledges Exception.


Seller Comment (2022-03-17): Seller requests buyer review: Please leave as a 2, unable to clear.
 04/05/2022 2 B OH Primary Purchase B B A A B B A A Non QM Non QM No
217196091 437220660 25007559 Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. A one page, unsigned Residential Lease Agreement has been provided.  Per guidelines, a [redacted] month rental history is required.  Please provide copy of signed lease(s) and cancelled checks for a [redacted] month period. Reviewer Comment (2022-03-23): Received and associated fully executed lease agreement .Received bank statements. Verified 12 months rental payment history. Exception Cleared.


Seller Comment (2022-03-22): see attached


Reviewer Comment (2022-03-17): Received bank statement and verified 12 month rental history however still missing executed lease agreement, Kindly provide executed lease agreement to clear this exception, Exception Remains


Seller Comment (2022-03-16): see attached
 03/23/2022 1 A NY Primary Purchase C A C A A A A A Non QM Non QM No
217196092 437220683 24931948 Compliance Compliance Federal Compliance TILA ARM Disclosure Status Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. Provide ARM Disclosure provided to borrower when the loan product changed from Fixed Rate to ARM. Reviewer Comment (2022-03-23): Received ARM Disclosure document , Exception Cleared


Seller Comment (2022-03-22): see attached
 03/23/2022 1 A SC Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
217196092 437220683 25007952 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Borrower received the appraisal less than [redacted] days prior to closing. Loan file does not contain Waiver. Reviewer Comment (2022-03-23): waiver in file acknowledging the email receipt


Seller Comment (2022-03-17): Seller requests buyer review: Leave as a 2, unable to clear.
 03/23/2022 1 A SC Primary Purchase C A A A C A A A Non QM Non QM No
217196092 437220683 25007953 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of[redacted]% is in excess of allowable threshold of APOR[redacted]% + [redacted]%, or [redacted]%.  Non-Compliant Higher Priced Mortgage Loan. Reviewer Comment (2022-03-23): waiver in file acknowledging the email receipt
 03/23/2022 1 A SC Primary Purchase C A A A C A A A Non QM Non QM No
217196092 437220683 25007954 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Borrower received the appraisal less than [redacted] days prior to closing. Loan file does not contain Waiver. Reviewer Comment (2022-03-23): waiver in file acknowledging the email receipt


Seller Comment (2022-03-22): see attached
 03/23/2022 1 A SC Primary Purchase C A A A C A A A Non QM Non QM No
217196677 437220678 24951591 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. No Waiver in file. Borrower did not receive the Appraisal at least [redacted] days prior to close. Reviewer Comment (2022-04-05): Seller Acknowledges Exception.


Seller Comment (2022-03-17): Seller requests buyer review: Leave as a 2, unable to clear.
 04/05/2022 2 B NY Primary Refinance - Rate/Term B B A A B B A A Non QM Non QM No
217207536 437220876 24965444 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Not Have Escrow -  Reason TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. The final Closing Disclosure doesn't have the "declined" checked as the borrower declined to have an escrow account, however there was a corrected closing disclosure provided [redacted]. Provide evidence the corrected CD was sent to the borrower with a letter of explanation. Reviewer Comment (2022-03-21): [Redact] received Corrected CD and LOX.


Seller Comment (2022-03-17): PCCD, LOE to borrower and proof of delivery
 03/21/2022 1 A GA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B B B C A A A Non QM Non QM Yes
217207536 437220876 24965445 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Not Have Escrow - Escrow Waiver Fee TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] did not disclose the Escrow Waiver Fee. The escrow waver fee wasn't disclosed to the borrower on page 4 of the closing disclosure, however there was a corrected closing disclosure provided [redacted]. Reviewer Comment (2022-03-21): [Redact] received Corrected CD and LOX.


Seller Comment (2022-03-17): PCCD, LOE to borrower and proof of delivery
 03/21/2022 1 A GA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B B B C A A A Non QM Non QM Yes
217207536 437220876 25001242 Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided Missing consecutive [redacted] month history of rental payments. Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.

The qualifying DTI on the loan is at least xx% less than the guideline maximum.		 Reserves: [redacted]
Guideline Requirement: [redacted]

Borrower has worked in the same position for more than [redacted] years.

Documentation Type: [redacted]
Disposable Income: [redacted]

Borrower has been employed in the same industry for more than [redacted] years.

DTI: [redacted]
Guideline Maximum DTI: [redacted]		 Owner

Originator,Owner

Originator,Owner

Originator,Owner

Originator,Owner

Owner,Originator		 Reviewer Comment (2022-03-09): Lender Exception Approval for not having consecutive 12 month rental history.
 03/09/2022 2 B GA Primary Purchase C B B B C A A A Non QM Non QM No
217207536 437220876 25001306 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Reviewer Comment (2022-03-23): Borrower acknowledgment signed at closing received.


Seller Comment (2022-03-21): Borrower Appraisal Acknowledgement
 03/23/2022 1 A GA Primary Purchase C B B B C A A A Non QM Non QM No
217207541 437220573 24931092 Credit Loan Package Documentation Application / Processing Insurance Missing Document: Flood Certificate not provided Flood Certificate not provided Reviewer Comment (2022-03-25): Flood Certificate received. Exception cleared


Seller Comment (2022-03-24): Flood cert attached
 03/25/2022 1 A NY Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
217207844 437220492 24942244 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. Creditor did not provide List of Homeownership Counseling Organizations to borrower Reviewer Comment (2022-03-18): Seller acknowledges exception.
 03/18/2022 2 B NY Primary Purchase B B A A B B A A Non QM Non QM No
217207844 437220492 24942246 Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) [redacted] Subprime Loan: Counseling Disclosure not provided to borrower. Counseling Disclosure not provided to borrower. Reviewer Comment (2022-03-22): Seller acknowledges exception.
 03/22/2022 2 B NY Primary Purchase No obvious cure B B A A B B A A Non QM Non QM No
217207844 437220492 24942247 Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) [redacted] Subprime Loan:  Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law. Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law. Reviewer Comment (2022-03-22): Seller acknowledges exception.
 03/22/2022 2 B NY Primary Purchase Provide the following:  Letter of Explanation,  corrected Mortgage (with required Legend), and proof of mailing.  Best Practice would be to have signed and re-recorded Mortgage. (This will overwrite the existing Exception Remediation which reads: Provide the following: Corrected Mortgage (with required Legend), Letter of Explanation, and Proof of Delivery.  Best Practice would be to have signed and re-recorded Mortgage.). B B A A B B A A Non QM Non QM Yes
217207844 437220492 24942248 Compliance Compliance State Compliance State HPML xxxx Subprime Home Loan Threshold Fixed Non-Compliant [redacted] Subprime Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [redacted] + [redacted]%, or [redacted]%.  Non-Compliant SubPrime Loan. APR on subject loan of[redacted]% or Final Disclosure APR of [redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [redacted] + [redacted]%, or [redacted]%. Non-Compliant SubPrime Loan. Reviewer Comment (2022-03-22): Seller acknowledges exception.
 03/22/2022 2 B NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. B B A A B B A A Non QM Non QM Yes
217207859 437220578 24942866 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Missing bank statements. Reviewer Comment (2022-03-25): Loan is Non-QM.


Seller Comment (2022-03-24): Please see memo attached
 03/25/2022 1 A CA Primary Refinance - Rate/Term Lender to provide updated ATR/QM status C A A A C A A A Non QM Non QM Yes
217207859 437220578 25019783 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Asset Depletion Income Ability to Repay (Dodd-Frank 2014):  Unable to verity asset depletion income due to, bank statement provided was dated more than [redacted] days prior to closing. The account ending [redacted] and [redacted] only have [redacted] months of statements provided. Please provide [redacted] [redacted] statement. Reviewer Comment (2022-03-25): Guidelines allow documents to be up to 120 days old.


Reviewer Comment (2022-03-25): Statements dated from [Redact] through [Redact] (six months) included in file.


Seller Comment (2022-03-24): Please see memo attached
 03/25/2022 1 A CA Primary Refinance - Rate/Term C A A A C A A A Non QM Non QM No
217207861 437220896 24940152 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide required Fraud Report/Background Check for borrower. Reviewer Comment (2022-03-18): Received  Fraud Report. Exception Cleared.


Seller Comment (2022-03-16): DRIVE report
 03/18/2022 1 A CA Primary Purchase C A C A A A A A Non QM Non QM No
217207861 437220896 24940156 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided Please provide UW Approvals and the final 1008 for the subject loan. Reviewer Comment (2022-03-18): Received UW Approvals and the final 1008. Exception Cleared.


Seller Comment (2022-03-16): 1008
 03/18/2022 1 A CA Primary Purchase C A C A A A A A Non QM Non QM No
217208171 437220767 24941196 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Acknowledgment not in file. Reviewer Comment (2022-03-18): Seller acknowledges exception.


Seller Comment (2022-03-18): Signature date of appraisal was [Redact] and borrower acknowledged receipt on [Redact].  Given this, please let us know why this suspense item is present.
 03/18/2022 2 B FL Primary Purchase B B A A B B A A Non QM Non QM No
217208201 437220812 24950724 Credit Missing Document General Missing Document ACH was missing from file. Please provide the ACH, as the borrower is a foreign national. Reviewer Comment (2022-03-29): ACH authorization dated [Redact]. ACH authorization dated [Redact] included in file. Verification ACH payments in effect - [Redact] auto pay received.


Seller Comment (2022-03-25): ACH [Redact]


Reviewer Comment (2022-03-23): Please forward an ACH document dated at, or prior to close.


Seller Comment (2022-03-21): form


Seller Comment (2022-03-18): ACH
 03/29/2022 1 A CA Investment Purchase C A C A A A No
217214164 437220281 24946211 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. Provide evidence the borrower received the list of homeownership counseling organizations. Reviewer Comment (2022-03-16): Received Homeownership Counseling Organization List and document associated. Exception cleared.


Seller Comment (2022-03-15): Homeownership Counseling ORG attached
 03/16/2022 1 A CA Primary Purchase C B C A B B A A Non QM Non QM No
217214164 437220281 24946229 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Please provide evidence that the borrower received a copy of all valuations at least [redacted] business days prior to consummation. Reviewer Comment (2022-03-21): Delivery Notice provided


Reviewer Comment (2022-03-21): .


Reviewer Comment (2022-03-18): Seller acknowledges exception.


Seller Comment (2022-03-16): Appraisal / docusign attached


Seller Comment (2022-03-16): Appraisal acknowledgment & cert attached
 03/21/2022 1 A CA Primary Purchase C B C A B B A A Non QM Non QM No
217214164 437220281 24972768 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Please provide evidence that borrower received a copy of all valuations at least [redacted] business days prior to consummation. Reviewer Comment (2022-03-23): Seller acknowledges exception.


Reviewer Comment (2022-03-21): Rec'd proof of delivery of preliminary report; still missing evidence of borrower receipt of revised report dated [Redact].


Reviewer Comment (2022-03-21): .


Reviewer Comment (2022-03-18): Seller acknowledges exception.


Seller Comment (2022-03-16): Please see appraisal ack uploaded [Redact]
 03/23/2022 2 B CA Primary Purchase C B C A B B A A Non QM Non QM No
217214164 437220281 24973006 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Please provide the mortgage statement for the property at [redacted]. Reviewer Comment (2022-03-16): Received mortgage statement for the property [Redact] reflecting monthly P&I [Redact] and document associated. Exception cleared.


Seller Comment (2022-03-15): REO Docs [Redact] attached
 03/16/2022 1 A CA Primary Purchase C B C A B B A A Non QM Non QM No
217214164 437220281 25110158 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Received proof of delivery/receipt of preliminary report; missing proof of delivery of revised report dated [redacted] Reviewer Comment (2022-03-23): Seller acknowledges exception.
 03/23/2022 2 B CA Primary Purchase C B C A B B A A Non QM Non QM No
217218240 437220575 24995760 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Reviewer Comment (2022-03-17): Updated final 1003 received correcting the REO property mortgage information for [Redact]. Mortgage statement was included in the file validating the update.


Seller Comment (2022-03-16): 1003


Reviewer Comment (2022-03-14): Mortgage Statement (DOC ID 0019) for the said property is available in the file but Creditor name, Loan No & P&I amount is not matching on it as per final 1003, hence please provide Mortgage Statement with correct details along with Insurance & Tax Verification if payment is not escrowed.
HOA verification for the said property is received and associated.
Exception remains.


Seller Comment (2022-03-11): HOA verification
 03/17/2022 1 A AZ Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
217218376 437220891 24952534 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003 Please provide the final signed 1003. Reviewer Comment (2022-03-11): Received and associated  final 1003 signed and dated by borrower. Exception Cleared.


Seller Comment (2022-03-09): Final 1003 signed.
 03/11/2022 1 A NJ Investment Purchase D A D A A A No
217218376 437220891 24952541 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided Please provide the certificate of good standing. Reviewer Comment (2022-03-18): Received and associated Certificate of Good Standing. Exception Cleared.


Seller Comment (2022-03-16): Certificate of Good Standing


Reviewer Comment (2022-03-14): Please provide the Cert of Good Standing.
 03/18/2022 1 A NJ Investment Purchase D A D A A A No
217218376 437220891 24952580 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided Please provide the signed and notarized security instrument. Reviewer Comment (2022-03-11): Received and associated Security Instrument - Subject Lien. Exception cleared.


Seller Comment (2022-03-09): Security Instrument
 03/11/2022 1 A NJ Investment Purchase D A D A A A No
217218376 437220891 24954500 Compliance Compliance Miscellaneous Compliance Compliance Other Compliance Exception (Manual Add) Please provide the borrower's signature on the subject lien note.  Incomplete note, as it is unsigned. Reviewer Comment (2022-03-14): Received.


Seller Comment (2022-03-09): Signed Note
 03/14/2022 1 A NJ Investment Purchase D A D A A A Yes
217218376 437220891 24954546 Compliance Compliance Miscellaneous Compliance Compliance Other Compliance Exception (Manual Add) Please provide the signature on the prepayment penalty note addendum. Incomplete prepayment penalty addendum, as the addendum is unsigned. Reviewer Comment (2022-03-14): Received.


Seller Comment (2022-03-09): Signed PPP Addendum to the Note
 03/14/2022 1 A NJ Investment Purchase D A D A A A Yes
217218376 437220891 24954633 Compliance Compliance Miscellaneous Compliance Compliance Other Compliance Exception (Manual Add) Please provide the signature on the final HUD/CD, as the document is not signed by the borrower. Reviewer Comment (2022-03-17): Executed final CD dated [Redact] received


Seller Comment (2022-03-16): Signed Final CD.


Seller Comment (2022-03-14): Final CD signed on [Redact] uploaded.


Reviewer Comment (2022-03-14): Please provide the signed, Final Hud/CD.
 03/17/2022 1 A NJ Investment Purchase D A D A A A Yes
217218376 437220891 24954916 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Rider - Other not provided Please provide the signed prepayment rider to the security instrument. Reviewer Comment (2022-03-14): PPP Rider Received.


Seller Comment (2022-03-09): PPP rider to the Security instrument
 03/14/2022 1 A NJ Investment Purchase D A D A A A No
217218376 437220891 24955021 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - 1-4 Family not provided Please provide the signed 1-4 family rider to the security instrument. Reviewer Comment (2022-03-11): Received and associated Rider - 1-4 Family. Exception cleared.


Seller Comment (2022-03-09): 1-4 Family Rider
 03/11/2022 1 A NJ Investment Purchase D A D A A A No
217225132 437221505 24980236 Credit Credit Credit Documentation Credit Credit Report Error: Credit report order date not provided. - Missing credit report for [redacted]. Reviewer Comment (2022-04-05): Credit report for Gabriela received.


Seller Comment (2022-04-01): Gabriella credit report


Reviewer Comment (2022-03-31): Still missing credit report for Gabriella Rochin


Seller Comment (2022-03-30): Credit
 04/05/2022 1 A CA Primary Refinance - Cash-out - Other D B D A B B A A Non QM Non QM No
217225132 437221505 24980259 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-03-31): Received Fraud Report, Exception Cleared


Seller Comment (2022-03-30): Fraud
 03/31/2022 1 A CA Primary Refinance - Cash-out - Other D B D A B B A A Non QM Non QM No
217225132 437221505 24980266 Credit Credit Credit Documentation Missing Document  Missing Document: Credit Report not provided Missing credit report for [redacted]. Reviewer Comment (2022-04-05): Credit report for Gabriela received.


Seller Comment (2022-04-01): Gabriella credit report


Reviewer Comment (2022-03-31): Still missing credit report for Gabriella Rochin


Seller Comment (2022-03-30): Credit
 04/05/2022 1 A CA Primary Refinance - Cash-out - Other D B D A B B A A Non QM Non QM No
217225132 437221505 24995855 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [redacted] of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. The documents in the file show the annual insurance premium is $[redacted]. annual real estate taxes are $[redacted] and the annual HOA Dues are $[redacted] for a total of $[redacted]. / [redacted] months = $[redacted].  Provide PCCD with corrections to page one and page four, along with a copy of the Letter of Explanation to the Borrower. Reviewer Comment (2022-03-23): [Redact] received Letter of Explanation & Corrected Closing Disclosure.


Seller Comment (2022-03-22): PCCD
 03/23/2022 2 B CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D B D A B B A A Non QM Non QM Yes
217225132 437221505 25018299 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Provide Replacement Cost Estimator showing the replacement cost is $[redacted] or provide Evidence of Insurance with dwelling coverage that meets guideline requirements. Reviewer Comment (2022-04-05): Replacement cost estimate received.


Seller Comment (2022-04-01): HOI cost estimator
 04/05/2022 1 A CA Primary Refinance - Cash-out - Other D B D A B B A A Non QM Non QM No
217225136 437220220 25018707 Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted]plus [redacted]% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-03-11): Sufficient Cure Provided At Closing
 03/11/2022 1 A TX Primary Refinance - Rate/Term Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
217225240 437221593 24968187 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Reviewer Comment (2022-03-24): Seller Acknowledges Exception.


Seller Comment (2022-03-22): Please waive this condition [Redact] is unable to clear level 2 condition. Thanks so much, CW


Reviewer Comment (2022-03-18): Still missing proof of delivery of revised appraisal report dated [Redact]


Seller Comment (2022-03-16): Appraisal delivery
 03/24/2022 2 B CA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
217225240 437221593 24968188 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing. Reviewer Comment (2022-03-18): Rec'd proof of delivery of preliminary appraisal report


Seller Comment (2022-03-16): appraisal delivery
 03/18/2022 1 A CA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
217225240 437221593 24968192 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. No cure or changed circumstance provided. Reviewer Comment (2022-03-18): Rec'd missing LOE and COC form


Seller Comment (2022-03-17): LE and COC
 03/18/2022 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
217225240 437221593 24968194 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. No cure or changed circumstance provided. Reviewer Comment (2022-03-18): Rec'd missing LOE and COC form


Seller Comment (2022-03-17): LE and COC
 03/18/2022 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
217227234 437220139 24998922 Credit Guideline Guideline Issue Guideline Borrower is a first time home buyer and ineligible per guidelines. - Reviewer Comment (2022-03-15): Rec'd proof of other property ownership; exception cleared.


Seller Comment (2022-03-14): [Redact] [Redact] - Please see attached lease for property with proof of ownership for business on lease. Borrower owns properties through business.


Seller Comment (2022-03-14): [Redact] [Redact] - Borrower is living rent free but is not a first time home buyer. Please see attached lease for property with proof of ownership for business on lease. Borrower owns properties through business.
 03/15/2022 1 A NY Investment Purchase C A C A A A No
217227277 437220257 24982076 Credit System General System Flood Certificate Subject Address does not match Note address. Please provide an updated flood certificate with the address that matches the note address. Reviewer Comment (2022-03-16): Received updated flood certificate with the address that matches the note address, verified and associated the document, hence exception cleared.


Seller Comment (2022-03-15): [Redact] [Redact] - see attached Flood Cert
 03/16/2022 1 A NJ Investment Refinance - Cash-out - Other C A C A A A No
217227317 437220856 24998960 Credit Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal not provided Please provide the appraisal for the subject property. Reviewer Comment (2022-03-25): Appraisal report with rent comparison received with report date [Redact]. Exception cleared


Seller Comment (2022-03-24): Appraisal [Redact]


Reviewer Comment (2022-03-18): Received 1004 reflects Date of Signature and Report [Redact], which is after the closing date. CDA reflects appraisal report date of [Redact] with the effective date [Redact]. Please provide Appraisal Report dated [Redact]. Exception remains.


Seller Comment (2022-03-16): appraisal
 03/25/2022 1 A CA Investment Refinance - Cash-out - Other D A D A D A No
217227317 437220856 24999052 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide the fraud report. Reviewer Comment (2022-03-18): Fraud Report received and all red flags addressed. Exception cleared.


Seller Comment (2022-03-16): Fraud report
 03/18/2022 1 A CA Investment Refinance - Cash-out - Other D A D A D A No
217227317 437220856 24999055 Credit Credit Credit Documentation Credit Missing Document: OFAC not provided Please provide the OFAC. Reviewer Comment (2022-03-18): Fraud report rec'd in trailing docs; exception cleared.


Seller Comment (2022-03-16): DRIVE report passed OFAC
 03/18/2022 1 A CA Investment Refinance - Cash-out - Other D A D A D A No
217227317 437220856 24999161 Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided Please provide the lease agreement for the subject property. Reviewer Comment (2022-03-23): Received 5 months [Redact] receipt and  1007 rent comparable schedule. The loan transaction is refinance. There is no long term lease agreement for a short term [Redact] rental .Exception Cleared.


Reviewer Comment (2022-03-23): Per Guideline, average of 12 months rent receipt for short term rental need to be considered. Only 5 months receipt have been verified. Provide 12 months receipt to calculate the rental income.


Seller Comment (2022-03-21): Rebuttal


Reviewer Comment (2022-03-18): Received rental income calculation and transaction history. However. current lease agreement for the subject property xxxx is required. Exception remains.


Seller Comment (2022-03-16): AIRBNB
 03/23/2022 1 A CA Investment Refinance - Cash-out - Other D A D A D A No
217227317 437220856 25001075 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. Please provide a property inspection to evidence that there is no damage from the wildfires which ended on [redacted]. Reviewer Comment (2022-03-18): Received Form 442 with the date of inspection [Redact] and exterior photos of the subject show no damage to the property. Exception cleared.


Seller Comment (2022-03-16): Final Inspection
 03/18/2022 1 A CA Investment Refinance - Cash-out - Other D A D A D A No
217227317 437220856 25002447 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Appraisal is missing.; Sec ID: 1 Please provide the appraisal for the subject property. Reviewer Comment (2022-03-25): Appraisal report with rent comparison received with report date [Redact]. Exception cleared


Seller Comment (2022-03-24): appraisal [Redact]


Reviewer Comment (2022-03-18): Received 1004 reflects Date of Signature and Report [Redact], which is after the closing date. CDA reflects appraisal report date of [Redact] with the effective date [Redact]. Please provide Appraisal Report dated [Redact]. Exception remains.


Seller Comment (2022-03-16): appraisal
 03/25/2022 1 A CA Investment Refinance - Cash-out - Other D A D A D A No
217227343 437220260 24981202 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [redacted] of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Lender calculated monthly Property taxes at $[redacted], causing the cost over year [redacted] to be $[redacted].. Property Tax should be $[redacted] monthly. Cost over year [redacted]  $[redacted] Reviewer Comment (2022-03-22): [Redact] received documentation of property costs, exception is cleared.


Seller Comment (2022-03-21): [Redact] [Redact] -  Total taxes for the year are $[Redact] and are paid quarterly [Redact], [Redact], [Redact] and [Redact].  Attached is all the tax cert from [Redact].
 03/22/2022 1 A NJ Second Home Purchase Letter of Explanation & Corrected Closing Disclosure B A A A B A A A Non QM Non QM Yes
217229095 437220911 25004343 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Please provide the final title policy Reviewer Comment (2022-04-01): Final title policy received.
 04/01/2022 1 A CA Investment Purchase C A C A A A No
217229095 437220911 25004441 Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - Statement in file covers [redacted]-[redacted].  Please provide additional consecutive statement to cover a [redacted] day period. Reviewer Comment (2022-03-23): [Redact] [Redact] 401k Net Benefits statement received. Two months of statements now in file.


Seller Comment (2022-03-21): [Redact]
 03/23/2022 1 A CA Investment Purchase C A C A A A No
217229095 437220911 25004608 Credit Title Lien Title Missing evidence of lien position on Other Financing. - Please provide Subordination Agreement or Final Title, to evidence lien position Reviewer Comment (2022-04-01): Final title policy received verifying simultaneous second lien is in second lien position.


Seller Comment (2022-03-29): Final Title Policy


Reviewer Comment (2022-03-23): Installment Note and Deed of Trust with Assignment of Rents is dated [Redact] and notarized [Redact], which is the same as the closing date of the subject lien. To ensure [Redact] lien is in second position, provide final title policy validating lien position.


Seller Comment (2022-03-21): sub
 04/01/2022 1 A CA Investment Purchase C A C A A A No
217229095 437220911 25007376 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Interest Only not provided The Note is not an Interest-Only Note and there is no Interest Only Note Addendum provided in file. Reviewer Comment (2022-04-01): Executed Interest Only Period Adjustable Rate Note received.


Seller Comment (2022-03-30): Intertest Only Note


Reviewer Comment (2022-03-18): The Note provided is not an IO ARM Note, therefore, an IO Addendum to the Note is required.  Exception remains.


Seller Comment (2022-03-16): Please review the Section 4 of the Note, the IO period is detailed there.  There is no need for an addendum.
 04/01/2022 1 A CA Investment Purchase C A C A A A No
217230372 437220900 25003729 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - 1-4 Family not provided Please provide the 1-4 family rider to the security instrument. Reviewer Comment (2022-03-21): 1-4 family rider received and verified the details. Exception cleared


Seller Comment (2022-03-18): deed
 03/21/2022 1 A NY Investment Purchase C A C A A A No
217230372 437220900 25003730 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Rider - Other not provided Please provide the prepayment penalty rider to the security instrument. Reviewer Comment (2022-03-25): Received.


Seller Comment (2022-03-23): Prepayment rider re-uploaded individually


Reviewer Comment (2022-03-22): The Mortgage was uploaded again.  The missing document is the Prepayment Rider to Mortgage.  Provide the Prepayment Rider to Mortgage.


Seller Comment (2022-03-18): deed
 03/25/2022 1 A NY Investment Purchase C A C A A A No
217230494 437221579 25020002 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-03-11): Sufficient Cure Provided At Closing
 03/11/2022 1 A FL Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
217230511 437221609 25000589 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Borrower received the appraisal at closing, however the loan file contains no waiver. Reviewer Comment (2022-03-29): Seller acknowledges exception.


Seller Comment (2022-03-25): [Redact] is unable to clear, level 2 conditions.


Reviewer Comment (2022-03-18): Rec'd disclosure tracking already in file, missing evidence borrower waived 3-day delivery timing requirement.  Exception to remain.  Disclosure tracking reflects report sent on [Redact] with no actual date rec'd and presumed date is same day as closing.


Seller Comment (2022-03-16): Appraisal delivery.
 03/29/2022 2 B FL Primary Refinance - Rate/Term B B A A B B A A Non QM Non QM No
217230511 437221609 25000754 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [redacted] of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Amount of Estimated Property Costs over Year [redacted] of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. The HOA due on final 1003 was $[redacted] monthly, tax are $[redacted], and hazard is $[redacted], or $[redacted]/yr. Reviewer Comment (2022-03-28): [Redact] received updated PCCD and LOE no further action required.


Seller Comment (2022-03-25): PCCD


Seller Comment (2022-03-25): Uploaded PCCD


Reviewer Comment (2022-03-18): [Redact] received Final CD.  However, property costs do not match to file documentation.  Appears HOA was used at [Redact]/mo, but file documentation reflects at [Redact]/mo ([Redact] annual) per HOA payment notification.  Provide proof of HOA dues to match to Final CD or provide a Corrected CD and LOE to borrower reflecting costs of [Redact]/mo and [Redact] total annual.


Seller Comment (2022-03-17): Final 1003


Seller Comment (2022-03-17): Final CD


Seller Comment (2022-03-17): FINAL 1003 disclosed HOA at [Redact], Property taxes at [Redact] and HOI at [Redact] + [Redact]X 12 = [Redact]. Provided calculation adds up to [Redact] X 12 = [Redact]. I am not sure where your cost  of [Redact]/yr is calculated from. I uploaded final 1003 and final CD.


Seller Comment (2022-03-17): [Redact] is unable to clear this level 2 condition.
 03/28/2022 2 B FL Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
217230512 437220207 25025287 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided Please provide the fully executed and notarized Security Instrument for the subject loan. Reviewer Comment (2022-03-18): Received Security Instrument dated and signed by the borrower and document associated. Exception Cleared.


Seller Comment (2022-03-16): [Redact] -  see attached - Security Instrument Binder/Mortgage
 03/18/2022 1 A NY Investment Purchase D A D A A A A A N/A Exempt from ATR No
217230512 437220207 25029459 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided Please provide the signed Business Purpose Certificate. Reviewer Comment (2022-03-30): Business Purpose Cert received.


Seller Comment (2022-03-28): [Redact] [Redact] -  attached - Business Purpose Certificate


Seller Comment (2022-03-28): [Redact] [Redact] -


Reviewer Comment (2022-03-18): BPC not provided; exception remains.


Seller Comment (2022-03-16): [Redact] - [Redact] - please see attached Business Purposed Cert - ICF
 03/30/2022 1 A NY Investment Purchase D A D A A A A A N/A Exempt from ATR No
217230513 437220235 25007647 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-03-10): Sufficient Cure Provided At Closing
 03/10/2022 1 A FL Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
217230543 437221414 25001705 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - The income worksheet is missing Reviewer Comment (2022-03-31): Received.


Seller Comment (2022-03-29): [Redact] income WS.


Reviewer Comment (2022-03-23): The Worksheet for the [Redact]was received. Please forward the Worksheet for the Borrower/XXXX.


Seller Comment (2022-03-18): Income WS
 03/31/2022 1 A CA Primary Refinance - Rate/Term C A C A B A A A Non QM Non QM No
217230543 437221414 25002396 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. No proof that the appraisal was provided to the borrower Reviewer Comment (2022-03-23): Appraisal delivery proof received.


Seller Comment (2022-03-18): Appraisal delivery
 03/23/2022 1 A CA Primary Refinance - Rate/Term C A C A B A A A Non QM Non QM No
217230553 437220190 25014754 Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility The appraisal does not show the property is Tenant Occupied or Vacant and thus casts doubt on the business purpose of the loan. Reviewer Comment (2022-03-21): Rec'd corrected appraisal; exception cleared.


Seller Comment (2022-03-18): **** please ignore the - following -  [Redact] [Redact] -  See attached: Borrower Certification of Business Purpose fully executed  ***

****** WRONG CONDITION**** - sorry


Seller Comment (2022-03-18): [Redact] [Redact] -  See attached: Borrower Certification of Business Purpose fully executed


Seller Comment (2022-03-17): [Redact] [Redact] -  see attached - Appraiser corrected occupancy to Tenant
 03/21/2022 1 A AZ Investment Refinance - Cash-out - Other C A C A A A No
217230554 437220218 25014947 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided Please provide the prepayment penalty note addendum. Reviewer Comment (2022-03-18): Received the prepayment note addendum. Exception Cleared


Seller Comment (2022-03-16): [Redact] [Redact] - see attached Prepayment Penalty Note Addendum.
 03/18/2022 1 A CA Investment Purchase C A C A A A Yes
217230617 437220239 25009848 Credit Credit Credit Eligibility Credit Refi Purpose reflects Rate/Term and cash out is greater than the lesser of 2% of the loan amount or $2000. Reviewer Comment (2022-03-21): Property was a cash purchase in last 6 months; exception cleared.


Seller Comment (2022-03-17): [Redact] [Redact] - r - There is no requirement to have a lease in place per [Redact] guidelines. Subject rents of $[Redact] are supported by the appraisal 1007 rent schedule and verified that the property is currently vacant / not rented out via the same appraisal.  Per [Redact] [Redact] [Redact] Product -UW Guidelines -[Redact] [Redact] 16th [Redact]- see pg 44 of 91  [Redact]: [Redact]


Seller Comment (2022-03-17): [Redact] - [Redact]  -  sent to investor -This loan meets Technical Refinance guidelines which are priced as rate and term refinances and not cash-out refinances per [Redact][Redact] [Redact] Product -  [Redact] [Redact] [Redact]- see pg 13 of 91  Section Rate/Term Refinance Transaction - Technical Refinance
 03/21/2022 1 A PA Investment Refinance - Rate/Term C A C A A A No
217230617 437220239 25016728 Credit Credit Credit Documentation Credit There is no lease in place for the subject property and the absence of this document casts doubt on business purpose of loan. Please provide the lease agreements for the subject property. Reviewer Comment (2022-03-21): Guidelines do not require a lease, no other info in file gives doubt to business purpose.


Seller Comment (2022-03-17): [Redact] [Redact] - sent to investor - The borrowers just purchased the subject property originally on [Redact] and it is not unusual for there to be a few month period between purchasing a property and being able to rent it out. All borrowers on the loan live in superior properties to the subject as well.
 03/21/2022 1 A PA Investment Refinance - Rate/Term C A C A A A No
217233782 437221445 25002787 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Reviewer Comment (2022-03-21): Rec'd worksheet in trailing docs; exception cleared.


Seller Comment (2022-03-16): income worksheet
 03/21/2022 1 A FL Primary Purchase C A C A A A A A Non QM Non QM No
217233783 437221504 25004322 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Provide all appraisals done for the loan and evidence they were all sent to the borrower at least [redacted] days prior to closing. Reviewer Comment (2022-03-23): verification of appraisal delivery provided in trailing docs; exception cleared


Seller Comment (2022-03-22): Seller requests buyer review: Level II condition please waive and clear file


Reviewer Comment (2022-03-21): [Redact]:  No documentation has been provided to clear this exception.


Seller Comment (2022-03-17): appr proof
 03/23/2022 1 A CA Primary Refinance - Cash-out - Other C A C A B A A A Non QM Non QM No
217233783 437221504 25004336 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___ Please provide the UW's Income Analysis Worksheet. Reviewer Comment (2022-03-21): Document provided [Redact]. Exception cleared [Redact].


Seller Comment (2022-03-17): income worksheet
 03/21/2022 1 A CA Primary Refinance - Cash-out - Other C A C A B A A A Non QM Non QM No
217233784 437221399 24996755 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Provide the UW Worksheet for income calculations. Reviewer Comment (2022-03-21): Document provided [Redact]. Exception cleared [Redact].


Seller Comment (2022-03-17): income worksheet
 03/21/2022 1 A CA Second Home Refinance - Cash-out - Other C B C A B B A A Non QM Non QM No
217233784 437221399 24997451 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Reviewer Comment (2022-03-23): Seller acknowledges exception.


Seller Comment (2022-03-21): Seller requests buyer review: Level II condition please waive and clear file


Reviewer Comment (2022-03-21): [Redact]:  Documentation not yet provided to clear this exception.


Seller Comment (2022-03-17): appr proof
 03/23/2022 2 B CA Second Home Refinance - Cash-out - Other C B C A B B A A Non QM Non QM No
217233784 437221399 24997453 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [redacted] of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Annual insurance premium is $[redacted]; annual real estate taxes are $[redacted] and annual HOA dues are $[redacted] for a total of $[redacted].  Final CD shows Estimated Property Costs over Year [redacted] to be $[redacted]. Reviewer Comment (2022-03-18): Corrected CD cured costs within 30 days of closing and prior to reporting


Seller Comment (2022-03-17): CD
 03/18/2022 1 A CA Second Home Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
217233784 437221399 25041271 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - ___ Provide the mortgage statement for [redacted] and the HOA information for [redacted]. Reviewer Comment (2022-03-21): Documentation provided [Redact]. Exception cleared [Redact].


Reviewer Comment (2022-03-21): Received HOA verification document for [Redact] however final 1003  for this property #[Redact] showing  (Monthly Mortgage payment +tax, insurance and HOA fee) $[Redact] but verified as per document $[Redact] the difference is $[Redact], Kindly provide the clarification compare to final 1003.Received Mortgage statement for [Redact] however monthly mortgage payment is not reflected. Kindly provide mortgage statement or payment history to clear this exception and Exception Remains


Seller Comment (2022-03-17): mortgage statement and HOA statement
 03/21/2022 1 A CA Second Home Refinance - Cash-out - Other C B C A B B A A Non QM Non QM No
217234030 437221080 25014529 Credit Insurance Insurance Documentation Insurance Hazard Insurance Error: Subject hazard insurance policy coverage amount is missing from evidence of insurance. Please provide page one of the hazard insurance binder, which reflects the dwelling coverage amount. Reviewer Comment (2022-04-04): Client provided policy with dwelling coverage in the amount of [Redact] which is the amount of the Replacement Cost.


Seller Comment (2022-03-31): • RCE confirming the total cost to rebuild


Seller Comment (2022-03-31): • HOI confirming the dwelling coverage


Reviewer Comment (2022-03-25): The policy does not include dwelling coverage. Please forward evidence of subject property dwelling coverage.


Seller Comment (2022-03-23): Insurance policy attached
 04/04/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217234031 437221083 25015490 Property Valuation Valuation Issue Valuation The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal Please provide a desk review with the same effective date as the appraisal. Reviewer Comment (2022-04-05): CDA dated [Redact] with a [Redact] effective date received.


Seller Comment (2022-04-01): • CDA for the appraisal used for qualifying
 04/05/2022 1 A NJ Investment Purchase C A A A C A No
217234036 437220264 25042893 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Provided appraisal delivery document for the Revised/Final Appraisal Report dated[redacted]. Reviewer Comment (2022-03-25): Seller elects to waive this exception with no grade change.


Seller Comment (2022-03-25): [Redact] [Redact] - Please waive the exception with no grade change


Seller Comment (2022-03-23): [Redact]  [Redact] - The appraisal dated [Redact] was delivered on[Redact]. Please see attached Disclosure Tracking and Appraisal Package delivered on [Redact].

Just in case they have a concern based off presumed delivery date = I have attached the Disclosure Tracking Summary, page 1, that confirms the borrower eConsent Date of [Redact]. If you require anything else please let me know. Thank you!

Please see below from HPML appraisal rule.  1026.35(c)(6)(ii).  '…"provide" means "deliver."  Our borrowers have already e-consented with us prior to the appraisal being provided to them electronically.


Seller Comment (2022-03-23): [Redact]  [Redact] - The appraisal dated[Redact] was delivered on [Redact]. Please see attached Disclosure Tracking and Appraisal Package delivered on [Redact].

Just in case they have a concern based off presumed delivery date = I have attached the Disclosure Tracking Summary, page 1, that confirms the borrower eConsent Date of [Redact]. If you require anything else please let me know. Thank you!

Please see below from HPML appraisal rule.  1026.35(c)(6)(ii).  '…"provide" means "deliver."  Our borrowers have already e-consented with us prior to the appraisal being provided to them electronically.


Seller Comment (2022-03-23): [Redact]  [Redact] - The appraisal dated [Redact] was delivered on [Redact]. Please see attached Disclosure Tracking and Appraisal Package delivered on [Redact].

Just in case they have a concern based off presumed delivery date = I have attached the Disclosure Tracking Summary, page 1, that confirms the borrower eConsent Date of [Redact]. If you require anything else please let me know. Thank you!

Please see below from HPML appraisal rule.  1026.35(c)(6)(ii).  '…"provide" means "deliver."  Our borrowers have already e-consented with us prior to the appraisal being provided to them electronically.


Seller Comment (2022-03-23): [Redact] [Redact] -  The appraisal dated [Redact] was delivered on [Redact]. Please see attached Disclosure Tracking and Appraisal Package delivered on [Redact].

Just in case they have a concern based off presumed delivery date = I have attached the Disclosure Tracking Summary, page 1, that confirms the borrower eConsent Date of [Redact]. If you require anything else please let me know. Thank you!

Please see below from HPML appraisal rule.  1026.35(c)(6)(ii).  '…"provide" means "deliver."  Our borrowers have already e-consented with us prior to the appraisal being provided to them electronically.
 03/25/2022 2 B FL Second Home Purchase B B A A B B A A Non QM Non QM No
217234127 437220381 25008995 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-03-28): Fraud Report received and verified the details. Exception cleared


Seller Comment (2022-03-25): Fraudguard attached
 03/28/2022 1 A TX Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
217234127 437220381 25009426 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. The borrower was provided a copy of the appraisal [redacted] however the appraisal was sent back to the appraiser for corrections please provide proof that a copy of all the reports was sent to the borrower. Reviewer Comment (2022-03-18): Seller acknowledges exception.
 03/18/2022 2 B TX Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
217234127 437220381 25009427 Compliance Compliance Federal Compliance TILA TILA - Impermissible Prepayment Penalty Truth in Lending Act (Dodd-Frank 2014): Covered transaction contains impermissible prepayment penalty. Provide signed Business Purpose Certificate. Reviewer Comment (2022-04-06): Received Business Purpose Cert.


Seller Comment (2022-04-04): Business Purpose Cert attached
 04/06/2022 1 A TX Investment Refinance - Cash-out - Other C B C A C B A A N/A Exempt from ATR No
217238220 437220412 25008572 Property Property - Appraisal Appraisal Data Integrity Property - Appraisal Appraiser's license or certification was not active at the time of the appraisal. - XXXX License Effective Date is [redacted].  The effective date of the appraisal is [redacted] which is prior to the effective date of the license. Reviewer Comment (2022-03-23): Appraiser's license for [Redact] effective [Redact] through [Redact] received.


Seller Comment (2022-03-18): see attached
 03/23/2022 1 A NY Primary Refinance - Cash-out - Other C A A A A A C A Non QM Non QM No
217238221 437220627 25011629 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [redacted] of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Tax, insurance and HOA due amounts from initial 1003 are higher than verified amounts from documents in file. Reviewer Comment (2022-04-05): Seller Acknowledges Exception.


Seller Comment (2022-03-17): Seller requests buyer review: Leave as a 2, unable to clear.
 04/05/2022 2 B NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure B B B B B B A A Non QM Non QM Yes
217238221 437220627 25019814 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule [redacted]: Borrower waived right to receive a copy of the appraisal at least [redacted] prior to closing, and appraisal was not provided at or before closing. Provide all appraisals and evidence they were all sent to the borrower at least [redacted] prior to closing. Reviewer Comment (2022-04-05): Seller Acknowledges Exception.


Seller Comment (2022-03-17): Seller requests buyer review: Leave as a 2, unable to clear.
 04/05/2022 2 B NY Primary Refinance - Cash-out - Other B B B B B B A A Non QM Non QM No
217238221 437220627 25059281 Credit Credit Miscellaneous Guideline Credit Exception: Excessive NSFs. The representative FICO score exceeds the guideline minimum by at least xx points.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.		 Originator,Owner

Originator,Owner

Owner

Owner

Owner

Owner		 Reviewer Comment (2022-03-16): Lender Exception with Comp Factors provided for regrade and waive.
 03/16/2022 2 B NY Primary Refinance - Cash-out - Other B B B B B B A A Non QM Non QM No
217241711 437220903 25033650 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule [redacted]: Creditor did not provide List of Homeownership Counseling Organizations to borrower. Reviewer Comment (2022-03-22): Received RESPA Homeownership Counseling List . Exception cleared


Seller Comment (2022-03-21): Home Counseling
 03/22/2022 1 A GA Primary Purchase B A A A B A A A Non QM Non QM No
217241732 437220874 25034604 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Purchase Agreement / Sales Contract not provided Please provide the purchase agreement/sales contract for the subject transaction. Reviewer Comment (2022-03-21): Received Purchase Agreement / Sales Contract , Exception Cleared


Seller Comment (2022-03-18): Purchase Contract uploaded.
 03/21/2022 1 A CA Investment Purchase D A D A A A No
217241733 437220892 25028178 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided Final CD and 1003 show an HOA of [redacted]  No evidence in file of this HOA figure.  1004 shows that property is not in a PUD and does not disclose an HOA fee.  Please provide documentation of HOA fee of [redacted]. Reviewer Comment (2022-03-23): Client provided payment coupon for HOA in the amount of [Redact].


Seller Comment (2022-03-18): HOA
 03/23/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
217241802 437220751 25013721 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over [redacted] of [redacted] on Final Closing Disclosure provided on[redacted] not accurate. Final HOA monthly is [redacted] supported by the appraisal and the 1003/1008 reflects[redacted] per month. Reviewer Comment (2022-03-23): Seller acknowledges exception.
 03/23/2022 2 B PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
217241817 437220602 25069043 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule [redacted]: Creditor did not provide List of Homeownership Counseling Organizations to borrower. Reviewer Comment (2022-03-23): Seller acknowledges exception.
 03/23/2022 2 B NJ Primary Purchase B B A A B B A A Non QM Non QM No
217242446 437220268 25051981 Credit Missing Document General Missing Document ACH was missing from file. Please provide the ACH, as the borrower is a foreign national. Reviewer Comment (2022-03-28): Automatic Loan Payment Agreement received.


Seller Comment (2022-03-24): [Redact] [Redact] - please see attached ACH


Reviewer Comment (2022-03-23): No new documentation received. ACH Agreement is required and a loan approval condition. Exception remains.


Seller Comment (2022-03-21): [Redact]  [Redact]  - Please clarify ACH  - Is ACH the Automatic loan payment agreement?
 03/28/2022 1 A FL Investment Purchase C A C A A A No
217242449 437220160 25014743 Compliance Compliance Federal Compliance TRID TRID [redacted] Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for XX Guaranty Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2022-03-11): Sufficient Cure Provided At Closing
 03/11/2022 1 A TX Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
217242450 437220192 25016902 Compliance Compliance Federal Compliance RESPA RESPA Disclosure -  List of Homeownership Counseling Organizations Older Than 30 days When Provided to Borrower RESPA Disclosure Rule [redacted]: List of Homeownership Counseling Organizations was older than xx days when provided to borrower. List of Homeownership Counseling Organization list provided to the borrower [redacted]. List older than xx days . Last update [redacted] Reviewer Comment (2022-03-28): Seller Acknowledges Exception.


Seller Comment (2022-03-24): [Redact] [Redact] -  Please waive the exception with no grade change
 03/28/2022 2 B NJ Primary Purchase B B A A B B A A Non QM Non QM No
217242462 437220807 25040733 Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Title - SubEscrow Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. No COC or cure was provided. Reviewer Comment (2022-04-04): [Redact] upon further review, borrower didn't shopped from the provided SSPL and Title a different location.


Seller Comment (2022-04-01): Borrower did not use  or provider and title a different location - Please see providers list.
 04/04/2022 1 A CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
217242462 437220807 25040735 Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Title - Wire /Funding/ Disbursement Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. No COC or cure was provided. Reviewer Comment (2022-04-04): [Redact] upon further review, borrower didn't shopped from the provided SSPL and Title a different location.


Seller Comment (2022-04-01): Borrower did not use  or provider and title a different location - Please see providers list.
 04/04/2022 1 A CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
217242462 437220807 25098706 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] prior to consummation. Reviewer Comment (2022-03-23): Seller acknowledges exception.
 03/23/2022 2 B CA Primary Purchase C B A A C B A A Non QM Non QM No
217242916 437220605 25018421 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] prior to consummation. Provide all appraisals and evidence that they were sent to the borrower at least [redacted] prior to closing.  Missing the appraisal delivery document for the Revised/Final Appraisal Report dated [redacted]. Reviewer Comment (2022-03-23): Seller acknowledges exception.
 03/23/2022 2 B NJ Investment Purchase C B C A B B A A N/A Exempt from ATR No
217242916 437220605 25018555 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Missing Verification of Employment for both borrower and co-borrower. Reviewer Comment (2022-04-04): VVOE and updated final 1003 received.


Seller Comment (2022-03-31): [Redact] 1003 attached


Seller Comment (2022-03-31): VVOE [Redact] Iype attached


Seller Comment (2022-03-31): VVOE [Redact] attached
 04/04/2022 1 A NJ Investment Purchase C B C A B B A A N/A Exempt from ATR No
217242916 437220605 25018749 Compliance Compliance State Compliance State Defect [redacted] Prepayment Penalty [redacted] Prepayment Penalty: No prepayment penalties are permissible in the state of [redacted]. Prepay language states prepay will not exceed maximum permitted by applicable law. No prepayment penalties are permissible in the state of [redacted]. Reviewer Comment (2022-03-23): Seller acknowledges exception.
 03/23/2022 2 B NJ Investment Purchase C B C A B B A A N/A Exempt from ATR No
217242916 437220605 25018763 Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within 10 business days of the Note. - Verification of employment within ten days of closing was not provided. Reviewer Comment (2022-04-04): VVOE and updated final 1003 received.


Seller Comment (2022-03-31): vvoe & 1008 uploaded for borrower & co-borrower
 04/04/2022 1 A NJ Investment Purchase C B C A B B A A N/A Exempt from ATR No
217242916 437220605 25018764 Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within 10 business days of the Note. - Verification of employment within ten days of closing was not provided. Reviewer Comment (2022-04-04): VVOE and updated final 1003 received.


Seller Comment (2022-03-31): vvoe & 1008 uploaded for borrower & co-borrower
 04/04/2022 1 A NJ Investment Purchase C B C A B B A A N/A Exempt from ATR No
217243099 437220269 25032618 Credit Credit Credit Documentation Credit There is no lease in place for the subject property and the absence of this document casts doubt on business purpose of loan. Please provide the lease agreements for the subject property. Reviewer Comment (2022-03-24): Not required for vacant property; exception cleared.


Seller Comment (2022-03-22): [Redact] [Redact] -  Appraisal is marked vacant. Based off the guidelines for refinance "If the unit is currently vacant, utilize 100% of the market rent". Market rent is being used for qualification as guideline does not require a lease to be in place.
 03/24/2022 1 A MA Investment Refinance - Cash-out - Other C A C A A A No
217243107 437220165 25018560 Compliance Compliance Federal Compliance TRID TRID [redacted] Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $xxx.xx exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. The lender provided  credit to cure of [redacted] to cure the increase in the Transfer  fee Reviewer Comment (2022-03-11): Sufficient Cure Provided At Closing
 03/11/2022 1 A PA Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
217243116 437220815 25106190 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] prior to consummation. The borrowers signed an Appraisal Acknowledgment on [redacted].  We do not have a copy of the appraisal they are acknowledging.  Provide a copy of this appraisal for compliance testing.  Please also provide the appraisal delivery document for the Revised/Final Appraisal Report dated [redacted]. Reviewer Comment (2022-03-23): Seller acknowledges exception.
 03/23/2022 2 B CA Primary Purchase B B A A B B A A Non QM Non QM No
217244139 437220697 25032970 Property Valuation Valuation Issue Valuation The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal Please provide the desk review that has the same effective date as the appraisal. Reviewer Comment (2022-04-05): Effective dates match.


Seller Comment (2022-04-01): Reconciliation 821, 823 & 823 attached
 04/05/2022 1 A CA Investment Purchase C A A A C A No
217245339 437221604 25026870 Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account statement Inaccurate RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. Reviewer Comment (2022-03-25): Received Initial escrow disclosure, corrected the escrow charges. Exception cleared


Seller Comment (2022-03-23): Please advise where the mistake is as can not locate it on either of the documents
 03/25/2022 1 A IL Primary Purchase C A C A B A A A Non QM Non QM Yes
217245339 437221604 25113644 Credit Credit Miscellaneous Guideline Credit Exception: The 1084/Income Analysis was only provided for Passive Asset Utilization.  Provide 1084/Income Analysis for all income sources. Reviewer Comment (2022-03-25): The 1084 was received for Select, Renewal, [Redact].


Seller Comment (2022-03-23): employment worksheets
 03/25/2022 1 A IL Primary Purchase C A C A B A A A Non QM Non QM No
217245340 437220259 25025827 Compliance Compliance State Compliance State Defect xxxx Prepayment Penalty First Lien xxxx Prepayment Penalty: A prepayment penalty not permissible on a first lien loan less than or equal to [redacted]0.  Prepay language states prepay will not exceed maximum permitted by applicable law. Provide a copy of the signed Business Purpose Certificate. Reviewer Comment (2022-03-30): Client elected to waive.


Seller Comment (2022-03-28): [Redact] - [Redact] - Please waive the exception with no grade change"
 03/30/2022 2 B PA Investment Purchase B B A A B B A A N/A Exempt from ATR No
217245497 437221607 25021376 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Please provide the UW's Income Analysis Worksheet (1084). Reviewer Comment (2022-03-29): UW Income Analysis Worksheet received.


Seller Comment (2022-03-25): Income WS
 03/29/2022 1 A WA Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
217245497 437221607 25021381 Credit Title General Title Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2022-03-28): Received Final Title on [Redact]. Exception cleared


Seller Comment (2022-03-25): Title
 03/28/2022 1 A WA Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
217245497 437221607 25021384 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Final policy not provided in file. Reviewer Comment (2022-03-28): Received Final Title on [Redact]. Exception cleared
 03/28/2022 1 A WA Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
217245771 437220872 25038377 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide the business purpose certificate. Reviewer Comment (2022-03-25): Received Business Purpose Certificate, Exception Cleared


Seller Comment (2022-03-23): BPL
 03/25/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217245771 437220872 25038744 Credit Credit Credit Documentation Credit Absence of Business Purpose Certificate and/or Non-Owner Occupancy Declaration and/or UW Business Purpose Analysis and thus casts doubt on the business purpose of the loan. Please provide fully executed Business Purpose Certificate and/or  the non-owner occupancy declaration. Reviewer Comment (2022-03-25): Business Purpose Certificate received.


Seller Comment (2022-03-23): BPL
 03/25/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217245771 437220872 25066065 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Non-Owner Occupancy Declaration not provided Please provide the non-owner occupancy declaration. Reviewer Comment (2022-03-25): Business Purpose Certificate received.


Seller Comment (2022-03-23): BPL
 03/25/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217245806 437220842 25027737 Compliance Compliance Federal Compliance TRID TRID [redacted] Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. The Appraisal Fee Amount of [redacted] exceeds tolerance of [redacted], however there was a lender credit of [redacted] to cover the cost to cure. Reviewer Comment (2022-03-14): Sufficient Cure Provided At Closing
 03/14/2022 1 A TX Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
217245807 437220765 25028778 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] prior to consummation. There is an appraisal delivery document in the file showing an appraisal was delivered [redacted].  Provide a copy of this appraisal for compliance testing, as well as the appraisal delivery document for the Revised/Final Appraisal Report dated [redacted]. Reviewer Comment (2022-04-05): Seller Acknowledges Exception.


Seller Comment (2022-03-22): Seller requests buyer review: Unable to clear
 04/05/2022 2 B NY Primary Refinance - Cash-out - Other B B A A B B A A Non QM Non QM No
217245807 437220765 25028779 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] prior to consummation. There is an appraisal delivery document in the file showing an appraisal was delivered [redacted].  Provide a copy of this appraisal for compliance testing, as well as the appraisal delivery document for the Revised/Final Appraisal Report dated[redacted]. Reviewer Comment (2022-04-05): Seller Acknowledges Exception.


Seller Comment (2022-03-22): Seller requests buyer review: unable to clear
 04/05/2022 2 B NY Primary Refinance - Cash-out - Other B B A A B B A A Non QM Non QM No
217246605 437220604 25023625 Property Property - Appraisal Appraisal Data Integrity Property - Appraisal Appraiser's license or certification was not active at the time of the appraisal. - The effective date of the appraisal is [redacted] [redacted].  The appraiser's license included with the appraisal was not in effect until [redacted].  Provide a copy of the appraiser's license that was in effect as of [redacted]. Reviewer Comment (2022-03-24): Received prior license.


Seller Comment (2022-03-22): see attached
 03/24/2022 1 A NY Primary Purchase C B C A B B C A Non QM Non QM No
217246605 437220604 25023861 Credit Missing Document General Missing Document Missing Document: Source of Funds/Deposit not provided Provide documentation showing the source of the earnest money deposit amount of [redacted]. Reviewer Comment (2022-03-23): Received bank statements from Charles Schwab [Redact] reflecting withdrawal of earnest money deposit of $[Redact] on [Redact]. Exception Cleared.


Seller Comment (2022-03-22): see attached
 03/23/2022 1 A NY Primary Purchase C B C A B B C A Non QM Non QM No
217246605 437220604 25117542 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] prior to consummation. Appraisal delivery document provided for an appraisal delivered [redacted].  Provide a copy of this appraisal for compliance testing, as well as the appraisal delivery document for the Revised/Final Appraisal Report dated [redacted]. Reviewer Comment (2022-03-24): Seller Acknowledges Exception.


Seller Comment (2022-03-22): Seller requests buyer review: unable to clear
 03/24/2022 2 B NY Primary Purchase C B C A B B C A Non QM Non QM No
217246606 437220278 25025765 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Borrower has less than XXXX year history with current business.  She has greater than XXXX year history as aXXXX.  Sufficient reserves have been documented.  Declining income. The qualifying DTI on the loan is at least xx% less than the guideline maximum.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Borrower has been employed in the same industry for more than [redacted] years. Owner

Owner

Owner

Owner

Owner

Owner,Originator		 Reviewer Comment (2022-03-21): Lender approved less than two year history with current business with declining income.
 03/21/2022 2 B NJ Primary Purchase B B B B A A A A Non QM Non QM No
217246607 437220661 25028075 Compliance Compliance State Compliance Misc. State Level (TX50(a)(6)) Texas Cash-out Loan (T-42 Endorsement Not Obtained) xxxx Constitution Section xxxx: Acceptable FNMA title insurance endorsements not obtained for home equity loan.  The loan file does not evidence the Title Policy includes the xxxx endorsement or the XXXX endorsement. (The loan is a xxxx Section XXXX home equity loan.) Acceptable FNMA title insurance endorsements not obtained for home equity loan. The loan file does not evidence the Title Policy includes the xxxx  endorsement or the XXXX endorsement. Reviewer Comment (2022-03-25): Email from title company validating the endorsements to be attached to the title policy received.


Reviewer Comment (2022-03-25): Please provide [Redact] [Redact] Equity Mortgage Endorsement or the [Redact] Supplemental Coverage Equity Loan endorsement. Exception remain.


Seller Comment (2022-03-23): see title info
 03/25/2022 1 A TX Primary Refinance - Cash-out - Other The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation C A A A C A A A Non QM Non QM No
217246607 437220661 25028076 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Provided) xxxx Constitution Section xxxx: Borrower did not receive written "Acknowledgment of the Fair Market Value" of homestead property securing loan. Please provide the signed "Acknowledgment of the Fair Market Value". Reviewer Comment (2022-03-25): Acknowledgment of Fair Market Value of Homestead property signed by both Lender and Borrowers received.


Seller Comment (2022-03-23): see atttached
 03/25/2022 1 A TX Primary Refinance - Cash-out - Other To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree.  Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. C A A A C A A A Non QM Non QM Yes
217246607 437220661 25028126 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (No evidence that borrower received copies of all documents signed at closing) xxxx Constitution Section xxxx:  xxxx Cash-out Loan.   No evidence that borrower(s) received copies of all documents signed at time of closing. Please provide evidence that borrowers received copies of all documents signed at time of closing. Reviewer Comment (2022-03-25): [Redact] Receipt of Document Copies signed at closing received.


Seller Comment (2022-03-23): see attached
 03/25/2022 1 A TX Primary Refinance - Cash-out - Other Either Deliver the required documents to the borrower or refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. C A A A C A A A Non QM Non QM Yes
217246607 437220661 25028127 Compliance Compliance Federal Compliance TRID TRID [redacted] Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. The Appraisal Fee. was disclosed to the borrower on the loan estimate as [redacted] but it appeared on the closing disclosure as [redacted] with no cure provided Reviewer Comment (2022-03-14): Sufficient Cure Provided At Closing
 03/14/2022 1 A TX Primary Refinance - Cash-out - Other Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
217246610 437220799 25028568 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Per the Final CD, the non-escrowed amount for the year is [redacted]. Per the Appraisal in file, the monthly HOA dues are[redacted], resulting in [redacted]. Please provide corrected CD with evidence it was sent to the borrower with an explanation, or corrected supporting escrow documentation. Reviewer Comment (2022-04-05): Seller Acknowledges Exception.


Seller Comment (2022-03-22): Seller requests buyer review: unable to clear
 04/05/2022 2 B NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
217246610 437220799 25028569 Compliance Compliance Federal Compliance TRID TRID [redacted] Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Provide VCC or cure to the borrower with a PC CD and evidence it was sent to the borrower with an explanation of the changes. Reviewer Comment (2022-03-14): Sufficient Cure Provided At Closing
 03/14/2022 1 A NY Primary Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
217246610 437220799 25028570 Compliance Compliance Federal Compliance TRID TRID [redacted] Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. Provide VCC or cure to the borrower with a PC CD and evidence it was sent to the borrower with an explanation of the changes. Reviewer Comment (2022-03-14): Sufficient Cure Provided At Closing
 03/14/2022 1 A NY Primary Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
217246611 437220803 25041178 Compliance Compliance Federal Compliance Missing Disclosure Notice of Special Flood Hazard Disclosure Missing FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure for property located in a flood zone. Reviewer Comment (2022-04-05): Seller Acknowledges Exception.


Seller Comment (2022-03-22): Seller requests buyer review: unable to clear
 04/05/2022 2 B NY Investment Purchase B B A A B B A A N/A Exempt from ATR No
217246613 437220841 25022555 Compliance Compliance State Compliance State HPML (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) xxxx Higher-Priced Mortgage Loan:  Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. Reviewer Comment (2022-04-05): Seller Acknowledges Exception.


Seller Comment (2022-03-22): Seller requests buyer review: unable to clear
 04/05/2022 2 B MD Primary Purchase Lender attestation indicating that (1) the borrower did not qualify for any non-higher-priced loans or (2) the lender does not offer non-higher-priced loans. B B A A B B A A Non QM Non QM No
217246613 437220841 25022556 Compliance Compliance State Compliance State HPML xxxx HPML Threshold Test Non-Compliant xxxx Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted] + [redacted], or [redacted].  Non-Compliant Higher Priced Loan. Reviewer Comment (2022-04-05): Seller Acknowledges Exception.


Seller Comment (2022-03-22): Seller requests buyer review: unable to clear
 04/05/2022 2 B MD Primary Purchase B B A A B B A A Non QM Non QM No
217247145 437220902 25036758 Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. Reviewer Comment (2022-03-21): Verified in credit report and Mortgage statement, Exception Cleared


Seller Comment (2022-03-17): Mortgage statement  uploaded shows zero balance.
 03/21/2022 1 A CA Primary Purchase C B C B A A A A Non QM Non QM No
217247145 437220902 25037944 Credit Guideline Guideline Issue Guideline Two years of employment was not verified. - Current and previous employment verified for over two years total same line of work and XXXX gap explained. The representative FICO score exceeds the guideline minimum by at least xx points.

The qualifying DTI on the loan is at least xx% less than the guideline maximum.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Total debt is [redacted] or more under the requirement.

residual income is [redacted] or more than minimum requirement.		 Owner

Owner

Originator Pre-Close,Owner

Owner		 Reviewer Comment (2022-03-16): Lender approved exception for Borrower having less than two years self employment.
 03/16/2022 2 B CA Primary Purchase C B C B A A A A Non QM Non QM No
217248733 437220906 25028414 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide required Fraud Report/Background Check. Reviewer Comment (2022-03-22): Received Fraud Report , Exception Cleared


Seller Comment (2022-03-21): Fraud
 03/22/2022 1 A GA Primary Purchase C A C A A A A A Non QM Non QM No
217250748 437220860 25043393 Credit Loan Package Documentation Application / Processing Insurance Missing Document: Flood Certificate not provided Please provide the flood certificate. Reviewer Comment (2022-03-22): Received Flood Certificate on [Redact]. Condition Cleared.


Seller Comment (2022-03-21): Flood Cert uploaded.
 03/22/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
217250748 437220860 25043395 Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided Please provide the subject lien note. Reviewer Comment (2022-03-23): Note, Note Addendum and Prepayment Penalty documents received. Verified the information. Exception cleared


Seller Comment (2022-03-21): Note and PPP Rider uploaded
 03/23/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
217250748 437220860 25043396 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Rider - Other not provided Please provide the prepayment penalty rider to the security instrument. Reviewer Comment (2022-03-23): Note, Note Addendum and Prepayment Penalty documents received. Verified the information. Exception cleared


Seller Comment (2022-03-21): PPP Rider to the Note uploaded.
 03/23/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
217250748 437220860 25043397 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Spousal Consent Form not provided Please provide the spousal consent form, if applicable. Reviewer Comment (2022-03-29): Interspousal Grant Deed dated [Redact] and recorded on [Redact] received.


Seller Comment (2022-03-25): Interspousal Grant Deed uploaded


Reviewer Comment (2022-03-23): Title confirms Borrower vesting is a married man as his sole and separate property, however a copy of the previous interspousal deed is not included in the file. Provide a copy of the deed. Exception remains.


Seller Comment (2022-03-21): Please waive this condition. This is a refinance transaction and the borrower has acquired the subject property while he was still single. Please refer to the title report vesting.
 03/29/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
217250748 437220860 25043399 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Title Preliminary not provided Please provide the preliminary title. Reviewer Comment (2022-03-22): Received Title Preliminary on [Redact]. Condition Cleared.


Seller Comment (2022-03-21): Prelim report uploaded
 03/22/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
217250748 437220860 25043401 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided Please provide the verification of identification. Reviewer Comment (2022-03-23): Received borrower driver license on [Redact]. Exception cleared


Seller Comment (2022-03-22): [Redact] ID uploaded
 03/23/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
217250748 437220860 25043434 Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file. Please provide evidence of title. Reviewer Comment (2022-03-22): Received Title Preliminary on [Redact]. Condition Cleared.


Seller Comment (2022-03-21): Prelim report uploaded


Seller Comment (2022-03-21): Prelim report uploaded.
 03/22/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
217250748 437220860 25043438 Credit Loan Package Documentation Closing / Title Title Title: Evidence of title is missing Please provide evidence of title. Reviewer Comment (2022-03-22): Received Title Preliminary on [Redact]. Condition Cleared.
 03/22/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
217250748 437220860 25043439 Credit Loan Package Documentation Closing / Title Loan Package Documentation Security Instrument Error: Security instrument maturity date and note maturity date do not concur. Please provide the subject lien note to confirm terms. Reviewer Comment (2022-03-23): Note document received with maturity date as [Redact] which matches with the security instrument. Exception cleared


Seller Comment (2022-03-21): Note and Security instrument  maturity date -[Redact]. Security instrument uploaded. Please clear.
 03/23/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
217250748 437220860 25068805 Credit Investment Product General Investment Product REO property does not have a lease in place and required by guidelines. - Please provide the lease agreement for the subject property. Reviewer Comment (2022-03-23): Client provided Lease Agreement for subject property.


Seller Comment (2022-03-21): Lease Agreement


Seller Comment (2022-03-21): Lease Agreement uploaded
 03/23/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
217250748 437220860 25126562 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Reviewer Comment (2022-03-28): Received Final Title Policy on [Redact]. Condition Cleared.
 03/28/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
217250748 437220860 25126564 Credit Title Document Error Title There is no dollar amount noted on the title policy. Reviewer Comment (2022-03-28): Received Title Policy with  dollar amount noted on [Redact]. Condition Cleared.


Seller Comment (2022-03-25): Copy of FTP reflecting amount to be insured uploaded.
 03/28/2022 1 A CA Investment Refinance - Cash-out - Other D A D A A A No
217254025 437220848 25049959 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Missing the CPA Letter for XXXX.  Also missing third party verification of the existence of both XXXX and XXXX within xx days of closing. Reviewer Comment (2022-03-23): CPA letter and business license received for XXXX. CPA verifies both companies are currently active and in good standing.


Seller Comment (2022-03-21): CPA , state license and CPA verification
 03/23/2022 1 A CA Primary Purchase C A C A A A A A Non QM Non QM No
217254571 437220720 25125844 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule [redacted]: Creditor did not provide List of Homeownership Counseling Organizations to borrower. Reviewer Comment (2022-03-23): Seller acknowledges exception.
 03/23/2022 2 B CA Primary Purchase B B A A B B A A Non QM Non QM No
217254571 437220720 25125907 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] prior to consummation. Revised appraisal report dated [redacted] was not delivered to borrower at least xx business days prior to consummation; no waiver in file. Reviewer Comment (2022-03-23): Seller acknowledges exception.
 03/23/2022 2 B CA Primary Purchase B B A A B B A A Non QM Non QM No
217254799 437220728 25049149 Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility The asset/income documentation does not show the borrower(s) at an address different than the subject property and thus casts doubt on the business purpose of the loan. Foreign National Reviewer Comment (2022-04-06): 1007 reports tenant occupied. LOE received. No other conflicting docs found.


Seller Comment (2022-04-04): LOE attached
 04/06/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
217254799 437220728 25127525 Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Maximum per Guidelines for a Foreign National, Cash-out Refinance, no score, NOO is [redacted] for loans of [redacted] to [redacted].. Reviewer Comment (2022-03-30): New 1008 received updating appraised value correcting the LTV.


Seller Comment (2022-03-28): Memo attached
 03/30/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
217254799 437220728 25127526 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Combined loan to value discrepancy. Maximum per Guidelines for a Foreign National, Cash-out Refinance, no score, NOO is [redacted] for loans of [redacted] to [redacted].. Reviewer Comment (2022-03-30): New 1008 received updating appraised value correcting the LTV.


Seller Comment (2022-03-28): 1008 attached
 03/30/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
217254801 437221578 25102307 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Please provide the Business Purpose Cert. Reviewer Comment (2022-03-25): Received Business Purpose Certificate, Exception Cleared


Seller Comment (2022-03-24): Business Cert
 03/25/2022 1 A FL Investment Purchase C A C A A A No
217254801 437221578 25102337 Credit Credit Miscellaneous Guideline Credit Exception: The Note is an Interest Only, Period Fixed Rate Note. However, the number of months for the IO period is blank. Also, the payment number of months is blank the the payment amount is not Interest Only. Please provide an updated and corrected Note. Reviewer Comment (2022-04-06): Corrected Note without the IO received and matches CD in file.


Seller Comment (2022-04-05): [Redact] [Redact] -  Corrected  & Updated NOTE
 04/06/2022 1 A FL Investment Purchase C A C A A A No
217254810 437220625 25128812 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule [redacted]: Creditor did not provide List of Homeownership Counseling Organizations to borrower. Reviewer Comment (2022-03-23): Seller acknowledges exception.
 03/23/2022 2 B NY Primary Purchase B B A A B B A A Non QM Non QM No
217254866 437220687 25040398 Credit Title Document Error Title There is no dollar amount noted on the title policy. Reviewer Comment (2022-03-23): Seller acknowledges exception.
 03/23/2022 2 B CA Primary Refinance - Cash-out - Other C B B B C B A A Non QM Non QM No
217254866 437220687 25040672 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule [redacted]: Creditor did not provide List of Homeownership Counseling Organizations to borrower. Reviewer Comment (2022-03-23): Seller acknowledges exception.
 03/23/2022 2 B CA Primary Refinance - Cash-out - Other C B B B C B A A Non QM Non QM No
217254866 437220687 25040679 Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Provide a valid Change of Circumstance adding the Discount Fee or provide cure to the borrower with a PC CD and evidence it was sent to the borrower with an explanation of changes. Reviewer Comment (2022-04-06): [Redact] received valid COC no further action required


Seller Comment (2022-04-04): Please see 1-6 LE with coc adding discount pts[Redact]
 04/06/2022 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C B A A Non QM Non QM Yes
217254883 437220883 25044822 Compliance Compliance Federal Compliance TRID TRID [redacted] Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower. Appraisal Fee was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure.  File does not contain a valid COC for this fee, cure provided at closing. Reviewer Comment (2022-03-16): Sufficient Cure Provided within 60 Days of Closing
 03/16/2022 1 A CA Primary Refinance - Cash-out - Other A A A A A A A A Non QM Non QM Yes
217254884 437220899 25047986 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Please provide the underwriter's 1084/income worksheet and the CPA Letter forXXXX. Reviewer Comment (2022-03-31): Correction: the CPA Letter for [Redact] was received.


Reviewer Comment (2022-03-31): The CPA form Letter received was for [Redact] and not [Redact]. Please forward the CPA Letter for [Redact] or equivalent reflecting percent ownership.


Seller Comment (2022-03-30): CPA Letter reflecting 100% ownership of [Redact] uploaded.


Seller Comment (2022-03-29): CPA  Self-Employed Business Narrative Form. Number of owners - One(1). Please clear.


Reviewer Comment (2022-03-29): UW Income Analysis Worksheet for [Redact] received and the Certificate of Good Standing for [Redact] also received, which was already in the file. Provide ownership percentage documentation/verification for [Redact]. Exception remains.


Seller Comment (2022-03-25): State of [Redact] Business Cert


Seller Comment (2022-03-25): Income Worksheet
 03/31/2022 1 A NJ Primary Purchase C A C A A A A A Non QM Non QM No
217254884 437220899 25068766 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided Please provide revised 1008 that matches the loan information at closing.  1008 in file shows rental income of [redacted].  There is no evidence of rental income Reviewer Comment (2022-03-28): Received revised 1008, Exception Cleared


Seller Comment (2022-03-25): 1008
 03/28/2022 1 A NJ Primary Purchase C A C A A A A A Non QM Non QM No
217254885 437220910 25048535 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Provide sufficient hazard insurance. Hazard coverage is [redacted]. The Replacement Cost Estimator shows the replacement cost is [redacted].  Insurance coverage is insufficient. Reviewer Comment (2022-03-29): Updated HOI policy received with dwelling coverage of $[Redact]


Seller Comment (2022-03-26): HOI
 03/29/2022 1 A CA Primary Purchase D A C A A A D A Non QM Non QM No
217254885 437220910 25048557 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 CDA is not provided when FNMA CU score is at [redacted] Reviewer Comment (2022-03-28): Received and associated CDA. Exception Cleared.


Seller Comment (2022-03-26): CDA
 03/28/2022 1 A CA Primary Purchase D A C A A A D A Non QM Non QM No
217254885 437220910 25129819 Credit Credit Miscellaneous Guideline Credit Exception: The CPA Letter does not state that use of business funds will not have a negative impact on the business. Reviewer Comment (2022-03-29): CPA letter dated [Redact] received with added commentary to the CPA letter dated [Redact] stating use of business funds will not have a negative impact on the business.


Seller Comment (2022-03-26): CPA
 03/29/2022 1 A CA Primary Purchase D A C A A A D A Non QM Non QM No
217254888 437220888 25058802 Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy effective date is after the funds disbursed. Please hazard insurance for the subject property with coverage effective as of the disbursement date. Reviewer Comment (2022-03-25): Received PCCD and final settlement statement reflecting the disbursement date as [Redact]. Effective Date of Hazard Insurance Policy is [Redact]. Exception Cleared.


Seller Comment (2022-03-24): Cert Copy of FSS  disbursement date [Redact].


Seller Comment (2022-03-24): PCCD disbursement date [Redact].
 03/25/2022 1 A CA Investment Purchase C A C A A A No
217255749 437220802 25111290 Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003 The 1003 initial on file was not signed by the borrower, please provide a signed document Reviewer Comment (2022-04-04): Received and associated Initial 1003 signed by the borrower. Exception Cleared.


Seller Comment (2022-04-01): Signed initial 1003


Reviewer Comment (2022-03-31): Please provide a signed, Initial 1003.
 04/04/2022 1 A CA Primary Refinance - Cash-out - Other B A A A B A A A Non QM Non QM No
217255773 437220704 25067844 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided Reviewer Comment (2022-04-04): Received Operating Agreement , Exception Cleared


Seller Comment (2022-04-01): see attached
 04/04/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
217255773 437220704 25067886 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided Corporate Resolution Documentation to be provided. Reviewer Comment (2022-04-05): Borrowing Resolution of [Redact] received.


Seller Comment (2022-04-01): see attached
 04/05/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
217255773 437220704 25067901 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided Reviewer Comment (2022-04-04): Received  Articles of Organization/Formation, Exception Cleared


Seller Comment (2022-04-01): see attached
 04/04/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
217255773 437220704 25067905 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided Reviewer Comment (2022-04-04): Received Certificate of Good Standing, Exception Cleared


Seller Comment (2022-04-01): see attached
 04/04/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
217255775 437220769 25068987 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 An acceptable CU score or CDA was not provided. Reviewer Comment (2022-03-25): Drive-by commercial Real Estate Evaluation acceptable product type for multi-unit property.


Seller Comment (2022-03-25): This is a mixed use property (one commercial and 2 residential units).  There will not be any SSRs for any mixed use properties since they are not residential properties.  Please clear.
 03/25/2022 1 A NY Investment Refinance - Cash-out - Other D A A A D A No
217255848 437220840 25049963 Credit Title Document Error Title There is no dollar amount noted on the title policy. The preliminary title report does not show the policy amount and there are no escrow instructions in the file that indicate what the policy amount will be once final title policy is issued. Reviewer Comment (2022-04-11): Final title policy received with the policy amount. Exception cleared


Seller Comment (2022-04-08): Please see Loan Policy, Schedule A  reflecting our loan amount


Reviewer Comment (2022-04-08): The Preliminary Title does not have a Title Policy Loan amount. Please provide.
 04/11/2022 1 A CA Primary Purchase B A B A A A A A Non QM Non QM No
217255848 437220840 25049975 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Reviewer Comment (2022-04-11): Final title policy received with the policy amount. Exception cleared
 04/11/2022 1 A CA Primary Purchase B A B A A A A A Non QM Non QM No
217257902 437221571 25063113 Compliance Compliance Federal Compliance TRID TRID [redacted] Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. The Credit Report Fee Amount of [redacted] exceeds tolerance of [redacted] however the lender provided a credit to cover the cost to cure. Reviewer Comment (2022-03-17): Sufficient Cure Provided At Closing
 03/17/2022 1 A CA Primary Refinance - Rate/Term Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
217257917 437221054 25137136 Credit Credit Miscellaneous Guideline Credit Exception: Borrower has had more than XX NSFs in the past [redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has owned the subject property for at least x years.

Borrower has verified disposable income of at least $xxxx.xx.		 Borrower has owned the subject property for at least [redacted] years.

Documentation Type: [redacted]
Disposable Income: [redacted]		 Owner

Originator,Owner

Owner,Originator		 Reviewer Comment (2022-03-23): Lender Exception Approval for excessive NSFs.
 03/23/2022 2 B CA Primary Refinance - Cash-out - Other B B B B A A A A Non QM Non QM No
217257919 437220449 25136291 Credit Credit Miscellaneous Guideline Credit Exception: Subject property is X unit investment property exceeding the guideline maximum. The qualifying DSCR on the loan is greater than the guideline minimum.

The representative FICO score exceeds the guideline minimum by at least xx points.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.		 The DSCR of [redacted] is greater than the minimum required DSCR of [redacted].

[redacted] points		 Owner,Originator

Owner,Originator

Owner		 Reviewer Comment (2022-03-29): Lender exception provided


Reviewer Comment (2022-03-23): Lender approved exception allowing for 6 units.
 03/23/2022 2 B NY Investment Refinance - Rate/Term D B C B D A No
217257919 437220449 25136340 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Supporting secondary BPO was provided.; Sec ID: 5 Note Date:  ___; Lien Position: ___ XXX Drive-By provided as the secondary valuation product. Reviewer Comment (2022-03-29): Product is acceptable for a commercial property.
 03/29/2022 1 A NY Investment Refinance - Rate/Term D B C B D A No
217259954 437220770 25137356 Credit Credit Miscellaneous Guideline Credit Exception: Verification of Rent is from a Private Party; no lease in place.  Outstanding collection account for [redacted]. Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.		 Reserves: [redacted]
Guideline Requirement: [redacted]		 Owner

Owner

Owner

Owner

Owner,Originator		 Reviewer Comment (2022-03-23): Lender Exception Approval for VOR from private party and to leave collection account in the amount of $[Redact] open.
 03/23/2022 2 B CA Primary Purchase B B B B A A A A Non QM Non QM No
217261853 437221061 25137683 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] prior to consummation. The Disclosure Tracking Summary Report shows the Revised/Final Appraisal Report dated [redacted] was delivered to the borrower on [redacted].  The presumed date of receipt is [redacted].  Appraisal was not delivered to borrower at least xx business days prior to consummation; no waiver found in the file. Reviewer Comment (2022-03-30): Seller acknowledges exception.


Seller Comment (2022-03-28): Seller requests buyer review: Please waive this exception with no grade change
 03/30/2022 2 B CA Investment Purchase B B A A B B A A N/A Exempt from ATR No
217262883 437220653 25095606 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2022-03-31): Received and associated Fraud Report. Exception cleared.


Seller Comment (2022-03-30): Fraudguard attached
 03/31/2022 1 A NY Investment Purchase C A C A A A No
217262883 437220653 25098791 Credit Insurance Insurance Analysis Insurance Insurance address does not match Note address. Insurance policy cites subject property as XXXX and not XXXX. Provide an insurance policy with the correct address.. Reviewer Comment (2022-03-31): Received updated hazard insurance with the correct address


Seller Comment (2022-03-30): HOI attached
 03/31/2022 1 A NY Investment Purchase C A C A A A No
217262888 437220796 25109251 Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided Subject property is currently rented. Provide lease agreements currently in effect. Reviewer Comment (2022-04-04): Received and associated Owner statement . Owner statement reflects 12 months YTD of the rental amount received by the borrower. Subject property is short term Vacation rental . 1007 is provided in file. Exception cleared.


Seller Comment (2022-04-01): stmt attached


Seller Comment (2022-04-01): Memo attached


Reviewer Comment (2022-03-31): As per guidelines, average of 12 months rent receipt for short term rental need to be considered. Kindly provide 12months rental income receipts for the subject property to calculate short-term rental income. Exception remains


Seller Comment (2022-03-30): [Redact] cottage


Seller Comment (2022-03-30): [Redact] attached


Seller Comment (2022-03-30): memo attached
 04/04/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
217262889 437220844 25076701 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 Provide acceptable Fannie Mae CU Risk Score or secondary valuation. Reviewer Comment (2022-03-28): Received UCDP document with CU risk score as 1.  Exception cleared


Seller Comment (2022-03-25): [Redact] CU attached
 03/28/2022 1 A CA Investment Purchase D A A A A A D A N/A Exempt from ATR No
217263268 437220846 25152836 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Title Preliminary not provided Please provide preliminary title to confirm lien paid off. Reviewer Comment (2022-04-06): Received closure letter on [Redact], Verified mortgage by [Redact] account number ([Redact]) and dated  ([Redact]) in security instrument and same has been verified in closure letter is fully paid and close, Exception Cleared


Seller Comment (2022-04-04): see atached


Reviewer Comment (2022-04-01): As per Short form title HELOC equity line of credit mortgage by [Redact] dated [Redact] is not reflected however we don't have any proof the Heloc loan is fully paid or closed status so, kindly provide the satisfactory letter/Closure letter from lender or supporting letter to verify the loan is fully paid and close to clear this exception, Exception Remains.


Seller Comment (2022-03-31): Final title policy that was uploaded confirms HELOC was omitted.  Please clear.


Reviewer Comment (2022-03-31): Received duplicate copy of Short form Title document on [Redact]. On Title commitment,  Equity line of credit mortgage by [Redact] dated [Redact] is listed. Please provide supporting document which reflects the loan is paid in full and the account is closed. Exception remains


Seller Comment (2022-03-30): see attached


Reviewer Comment (2022-03-29): Received Title commitment . Provide evidence for the closing of the Line of Credit executed by [Redact] to Lending home funding Corporation dated [Redact] . Provide documents for this account to verify the amount is paid in full and account is closed. Exception remains.


Seller Comment (2022-03-28): see attached
 04/06/2022 1 A MI Investment Refinance - Rate/Term C A C A A A No
217263269 437220559 25102103 Credit Guideline Guideline Issue Guideline Refi Purpose reflects Rate/Term and cash out greater than the lesser of 2% of the loan amount or $2000. Cash to Borrower:  ___; Total Cash Out:    ___;  Refi Purpose:  ___ Lender Exception in file to treat transaction as a technical refinance.  Documentation requirements for a technical refinance have not been met.  Per guidelines, evidence of the source of funds used to purchase must be documented as the applicant's own.  Receipt of funds for loans to father-in-law in the amounts of [redacted] and [redacted]were not documented.  Receipt of gift funds for [redacted] was not documented.  Information related to the [redacted] unsecured loan were not provided.   Please provide complete documentation showing source and receipt of applicable funds. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

Borrower has verified disposable income of at least $xxxx.xx.

The representative FICO score exceeds the guideline minimum by at least xx points.		 Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.		 Originator,Owner

Owner

Originator,Owner		 Reviewer Comment (2022-03-25): Lender Exception with Comp Factors provided for regrade and waive.
 03/25/2022 2 B SC Primary Refinance - Rate/Term B B B B A A A A Non QM Non QM No
217263271 437220332 25074129 Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-04-04): [Redact] Received PCCD and LOE


Seller Comment (2022-03-31): see attached
 04/04/2022 2 B MI Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
217263271 437220332 25074130 Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [redacted] exceeds tolerance of [redacted]  Insufficient or no cure was provided to the borrower. Provide VCC or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Reviewer Comment (2022-04-04): [Redact] Sufficient Cure provided at Closing.


Seller Comment (2022-03-31): see attached


Reviewer Comment (2022-03-28): [Redact] upon further review, cure provided at closing is insufficient to cure all the citing's. We will clear Transfer Tax exception once we received resolution for Appraisal Fee citing. Exception remains.


Seller Comment (2022-03-28): the cure was on the final CD for the above.  Please clear
 04/04/2022 1 A MI Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
217263271 437220332 25075413 Credit Credit Miscellaneous Guideline Credit Exception: Provide all appraisals and evidence they were all sent to the borrower at least [redacted] prior to closing. Reviewer Comment (2022-03-30): Appraisal dated [Redact] received.


Seller Comment (2022-03-29): see attached


Reviewer Comment (2022-03-28): The Appraisal Acknowledgements indicate an email was sent to the borrower on [Redact] and [Redact]. Appraisal with Report date [Redact] in file. Please forward the appraisal completed [Redact] or before.


Seller Comment (2022-03-25): see attached
 03/30/2022 1 A MI Primary Purchase C B C A C B A A Non QM Non QM No
217263271 437220332 25075439 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Please provided the 1084/Income Calculation Worksheet. Reviewer Comment (2022-03-30): UW Income Analysis worksheet received.


Seller Comment (2022-03-28): see attached


Reviewer Comment (2022-03-28): Please forward the 1084 Worksheet.
 03/30/2022 1 A MI Primary Purchase C B C A C B A A Non QM Non QM No
217263272 437220706 25101847 Credit Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal not provided Borrower signed acknowledgment that they received a copy of the appraisal on [redacted] but appraisal in file has a date of [redacted].  Please provide copy of the appraisal furnished to borrower on [redacted] and evidence the borrower received a copy of the [redacted] appraisal. Reviewer Comment (2022-03-28): Received Appraisal dated [Redact]  which the borrower received on  [Redact] and evidence that the borrower received a copy of the [Redact] appraisal. Condition Cleared.


Seller Comment (2022-03-25): see attached.
 03/28/2022 1 A NY Primary Purchase D A D A A A A A Non QM Non QM No
217272281 437220810 25154773 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Title Preliminary not provided Please provide preliminary title to confirm first lien paid. Reviewer Comment (2022-03-31): Received and associated Title Commitment. Exception cleared.


Seller Comment (2022-03-30): Mark up Prelim
 03/31/2022 1 A NY Investment Refinance - Cash-out - Other C A C A A A No
217272454 437220738 25123827 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided Please provide Certificate of Good Standing Reviewer Comment (2022-03-30): Received Certificate of Good Standing, Exception Cleared


Seller Comment (2022-03-29): see attached
 03/30/2022 1 A FL Investment Purchase C A C A A A No
217272454 437220738 25123828 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided Reviewer Comment (2022-03-31): The Corporate Resolution and Operating Agreement both received.


Seller Comment (2022-03-29): see attached
 03/31/2022 1 A FL Investment Purchase C A C A A A No
217272454 437220738 25123830 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided Reviewer Comment (2022-03-30): Received Employer Identification Number (EIN), Exception Cleared


Seller Comment (2022-03-29): see attached
 03/30/2022 1 A FL Investment Purchase C A C A A A No
217272454 437220738 25123832 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided Please provide Operating Agreement Reviewer Comment (2022-03-30): Received Operating Agreement , Exception Cleared


Seller Comment (2022-03-29): see attached
 03/30/2022 1 A FL Investment Purchase C A C A A A No
217272454 437220738 25123834 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided Reviewer Comment (2022-03-30): Received Articles of Organization/Formation, Exception Cleared


Seller Comment (2022-03-29): see attached
 03/30/2022 1 A FL Investment Purchase C A C A A A No
217272454 437220738 25173290 Credit Credit Miscellaneous Guideline Credit Exception: Percentage of ownership required. Reviewer Comment (2022-03-31): The Operating Agreement and Corporate Resolution confirm 100% ownership.


Seller Comment (2022-03-29): see attached
 03/31/2022 1 A FL Investment Purchase C A C A A A No
217272590 437220878 25111178 Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided Please provide Verification of rental payment history by the borrower. Reviewer Comment (2022-03-29): Per GLs, in the event an Applicant is not a first time home buyer and can demonstrate a mortgage history payment history, the requirement to verify current rental payment history
may be waived at underwriter discretion.


Reviewer Comment (2022-03-28): Borrower is staying on rent from past three years on "[Redact]" . Please provide VOR/Lease agreement/LOE/rent receipts . Exception remains


Seller Comment (2022-03-25): Please see memo attached
 03/29/2022 1 A FL Primary Purchase C A C A A A A A Non QM Non QM No
217272590 437220878 25113492 Credit Missing Document General Missing Document Missing Document: Bank Statements - Business not provided Please forward the [redacted] Bank Statement for acct[redacted] as income verification as Guidelines require. Reviewer Comment (2022-04-05): Received [Redact] statement for [Redact], updated 1008, 1003 and 1084 verifying updated income calculations based on addition of [Redact] statement.


Seller Comment (2022-04-01): 1008 & 1003 attached


Seller Comment (2022-04-01): Memo attached


Seller Comment (2022-04-01): [Redact] 12 month worksheet attached


Seller Comment (2022-04-01): [Redact] [Redact] stmt attached


Reviewer Comment (2022-03-31): The UW response received is referring to the verification of rental history and not addressing the missing [Redact] business bank statement for acct [Redact] used in qualifying and listed on the UW Income Analysis Worksheet. Exception remains.


Seller Comment (2022-03-29): memo attached


Reviewer Comment (2022-03-29): [Redact] [Redact] business bank statement for acct [Redact] received. [Redact] statement is missing. Exception remains.


Seller Comment (2022-03-25): [Redact] acct [Redact] Bank stmts attached
 04/05/2022 1 A FL Primary Purchase C A C A A A A A Non QM Non QM No
217283989 437220774 25125132 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 Please provide the secondary valuation. Reviewer Comment (2022-04-04): Received and associated CDA. Exception cleared.


Seller Comment (2022-03-31): see attached
 04/04/2022 1 A NY Investment Refinance - Rate/Term D A C A D A No
217283989 437220774 25158595 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Title Preliminary not provided Please provide preliminary title to verify liens paid off. Reviewer Comment (2022-04-04): Received and associated Title commitment. Exception cleared.


Seller Comment (2022-03-31): see attached
 04/04/2022 1 A NY Investment Refinance - Rate/Term D A C A D A No
217283993 437220862 25175363 Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Refinance purpose discrepancy. Loan refinance purpose of ___ does not match Guideline loan refinance purpose of ___. Technical Refinance requires a cash purchase. Purchase transaction on the subject was a 1031 exchange, not a cash purchase. Final CD verifies total cash amount at [redacted]. Reviewer Comment (2022-03-30): Guidelines allow for a technical refinance and the 1031 transfer would meet requirements.
 03/30/2022 1 A NY Investment Refinance - Cash-out - Other C A C A A A No
217283993 437220862 25175367 Credit Investment Product General Investment Product Documentation signed by the borrower stating the purpose for the Cash-Out was not found and is required. Business Purpose Cert required. Reviewer Comment (2022-03-30): Received business purpose certificate.


Seller Comment (2022-03-29): see attached
 03/30/2022 1 A NY Investment Refinance - Cash-out - Other C A C A A A No
217291736 437220783 25155955 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] prior to consummation. There is an appraisal delivery document in the file dated [redacted].  Provide a copy of this appraisal for compliance testing.  Also, provide the appraisal delivery document for the Revised/Final Appraisal Report dated [redacted]. Reviewer Comment (2022-03-29): Copy of appraisal and borrower receipt acknowledgment dated [Redact] received.


Seller Comment (2022-03-28): see attached
 03/29/2022 1 A SC Primary Purchase C A A A C A A A Non QM Non QM No
217291736 437220783 25155956 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted] + [redacted], or [redacted].  Non-Compliant Higher Priced Mortgage Loan. Reviewer Comment (2022-03-29): Borrower receipt acknowledgment dated [Redact] received.


Seller Comment (2022-03-28): see attached
 03/29/2022 1 A SC Primary Purchase C A A A C A A A Non QM Non QM No
217291736 437220783 25155957 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Appraisal Not Obtained Timely) TILA HPML Appraisal Rule [redacted]: Appraisal not obtained prior to consummation. There is an appraisal delivery document in the file dated [redacted].  Provide a copy of this appraisal for compliance testing.  Also, provide the appraisal delivery document for the Revised/Final Appraisal Report dated [redacted]. Reviewer Comment (2022-03-29): Copy of appraisal and borrower receipt acknowledgment dated [Redact] received.


Seller Comment (2022-03-28): see attached
 03/29/2022 1 A SC Primary Purchase C A A A C A A A Non QM Non QM No
217291736 437220783 25155958 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] prior to consummation. There is an appraisal delivery document in the file dated [redacted].  Provide a copy of this appraisal for compliance testing.  Also, provide the appraisal delivery document for the Revised/Final Appraisal Report dated [redacted]. Reviewer Comment (2022-03-29): Copy of appraisal and borrower receipt acknowledgment dated [Redact] received.


Seller Comment (2022-03-28): see attached
 03/29/2022 1 A SC Primary Purchase C A A A C A A A Non QM Non QM No
217291737 437220820 25155972 Credit Credit Miscellaneous Guideline Credit Exception: The CPA Letter does not state the Expense Factor percentage/  The Business Bank Statement worksheet shows an Expense Factor of [redacted].  Provide a CPA Letter that shows the Expense Factor percentage used to calculate income. Reviewer Comment (2022-03-29): CPA letter dated [Redact] received verifying income to expense ratio being less than [Redact].


Seller Comment (2022-03-28): see attached
 03/29/2022 1 A NY Primary Purchase C A C A A A A A Non QM Non QM No
217296517 437220907 25159582 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided Reviewer Comment (2022-03-29): Received 1008 and verified, Exception Cleared


Seller Comment (2022-03-29): 1008
 03/29/2022 1 A NJ Primary Purchase C A C A A A A A Non QM Non QM No
217300927 437220776 25173335 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___ Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has been employed in the same industry for more than x years.		 Reserves: [redacted]
Guideline Requirement: [redacted]

Borrower has been employed in the same industry for more than [redacted] years.		 Owner

Originator,Owner

Owner

Owner,Originator		 Reviewer Comment (2022-03-28): Lender Exception Approval to use written VOE from [Redact] in law firm in lieu of 1099 Transcripts which are not available.
 03/28/2022 2 B MA Primary Purchase B B B B A A A A Non QM Non QM No
217300972 437220705 25129406 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided Please provide the articles or organization/formation. Reviewer Comment (2022-04-06): Received Articles of Organization/Formation, Exception Cleared


Seller Comment (2022-04-04): see attached


Reviewer Comment (2022-04-04): Provide articles of organization/formation for [Redact]. Exception remains.


Seller Comment (2022-04-01): see attached


Reviewer Comment (2022-03-31): Please provide the articles or organization/formation
 04/06/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
217300972 437220705 25129411 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided Please provide the corporate resolution. Reviewer Comment (2022-04-05): Borrowing Resolution for [Redact] for subject property received.


Seller Comment (2022-04-01): see attached


Reviewer Comment (2022-03-31): Please provide the corporate resolution.
 04/05/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
217300972 437220705 25129415 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided Please provide the operating agreement. Reviewer Comment (2022-04-04): Received and associated Operating Agreement. Exception cleared.


Seller Comment (2022-04-01): see attached


Reviewer Comment (2022-03-31): Please provide the Operating Agreement.
 04/04/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
217300972 437220705 25162387 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Please provide a replacement cost estimator of [redacted], or provide an updated hazard insurance binder with dwelling coverage of [redacted]. There is a hazard insurance coverage shortfall of [redacted]. Reviewer Comment (2022-04-06): Guaranteed replacement cost


Reviewer Comment (2022-03-31): The email from the insurance agent states that the coverage is written at 100% guaranteed replacement cost up to the dwelling limit, which is different than 100% replacement cost coverage. Please provide sufficient coverage to satisfy the Loan Amount or Estimated cost new as indicated on the appraisal or provide the Replacement Cost Estimator indicating the coverage is sufficient.


Seller Comment (2022-03-29): There is an email in the original file stating coverage is written at 100% guaranteed replacement cost up to the dwelling limit.
 04/06/2022 1 A FL Investment Refinance - Cash-out - Other C A C A A A No
217300974 437220791 25130843 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-03-30): Signed Business Purpose Certificate received, verified the details. Exception cleared


Seller Comment (2022-03-29): see attached
 03/30/2022 1 A NJ Investment Refinance - Cash-out - Other C A C A A A No
217300974 437220791 25130845 Credit Missing Document General Missing Document Missing Document: Cash-Out Utilization not provided Reviewer Comment (2022-03-31): BPC received.


Seller Comment (2022-03-29): see attached
 03/31/2022 1 A NJ Investment Refinance - Cash-out - Other C A C A A A No
217302814 437220718 25180904 Credit Credit Miscellaneous Guideline Credit Exception: CPA Letter does not state use of business funds will not have a negative impact on the business. The qualifying DTI on the loan is at least xx% less than the guideline maximum.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has worked in the same position for more than x years.

Borrower has been employed in the same industry for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.		 Borrower has been employed in the same industry for more than [redacted] years.

Documentation Type: [redacted]
Disposable Income: [redacted]		 Owner

Owner

Owner

Owner

Originator,Owner

Owner,Originator		 Reviewer Comment (2022-03-29): Lender Approval to waive CPA Letter on business asset usage.


Reviewer Comment (2022-03-29): Lender Exception Approval to waive CPA Letter on business asset usage. CPA will not speculate on the effect of owner's use of business funds.  Borrower owns 100% of the business.
 03/29/2022 2 B TX Investment Purchase C B C B A A A A N/A Exempt from ATR No
217302814 437220718 25180983 Credit Credit Miscellaneous Guideline Credit Exception: There is an Appraisal Acknowledgment in the file that was signed by the borrowers on [redacted].  The appraisal associated with this delivery was not in the file.  Please provide a copy of the Initial Appraisal Report that was delivered on [redacted].  This is needed for compliance testing. Reviewer Comment (2022-04-01): Initial appraisal issued [Redact] delivered to Borrower on [Redact] received.


Seller Comment (2022-03-30): initial appraisal attached
 04/01/2022 1 A TX Investment Purchase C B C B A A A A N/A Exempt from ATR No
217302815 437220648 25129902 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] prior to consummation. There is an Appraisal Acknowledgment in the file that was signed by the borrower on [redacted].  The corresponding appraisal is not in the file.  Provide a copy of this appraisal report for compliance testing.  Also, provide the appraisal delivery document for the Revised/Final Appraisal Report dated [redacted]. Reviewer Comment (2022-04-28): Aggregator acknowledges exception.


Reviewer Comment (2022-04-08): The appraisal delivery document for the Revised/Final Appraisal Report dated [Redact] was not received. Exception remains.


Reviewer Comment (2022-04-06): Initial Appraisal dated [Redact] received.  The appraisal delivery document for the Revised/Final Appraisal Report dated [Redact] was not received. Exception remains.


Seller Comment (2022-04-04): Appraisal attached
 04/28/2022 2 B PA Primary Refinance - Rate/Term B B A A B B A A Non QM Non QM No
217302817 437220749 25127537 Compliance Compliance Federal Compliance TRID Defect TRID [redacted] Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. No valid change of circumstance or cure for borrower provided. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changed made, or VCC. Reviewer Comment (2022-04-04): [Redact] received a valid Changed Circumstance for the Loan Discount point added on [Redact] due to Lock extended.


Seller Comment (2022-03-31): COC for LE Dated [Redact]


Reviewer Comment (2022-03-31): "[Redact] do not have any COC in file for [Redact] and loan discount point was added on LE dated [Redact] of $[Redact] so we need valid COC for [Redact] which can explain why the fees was added on [Redact] or required cure in order to clear this exception.


Seller Comment (2022-03-30): The Suspense condition appears to be invalid. xxxx was provided with the initial upload an COC and LE dated[Redact] addressing the discount points. This was the last LE disclosed prior initial CD. Please waive the suspense. Thank You!
 04/04/2022 1 A NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
217302817 437220749 25176373 Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. Provide Verification of Rent documentation for [redacted]. Reviewer Comment (2022-03-31): Received a copy of signed lease agreement and [Redact] months deposit receipt for the property at xxxx. Verified 13 months rental payment history . Exception cleared.


Seller Comment (2022-03-30): VOR attached
 03/31/2022 1 A NJ Primary Purchase C A C A C A A A Non QM Non QM No
217303191 437220884 25149042 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided Please provide the verification of identification. Reviewer Comment (2022-04-04): Driver's License received. Exception cleared


Seller Comment (2022-03-31): see attacjed
 04/04/2022 1 A CT Investment Purchase C A C A A A No
217303191 437220884 25149051 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided Please provide the certificate of good standing. Reviewer Comment (2022-04-04): Certificate of good standing received. Exception cleared


Seller Comment (2022-03-31): see attached
 04/04/2022 1 A CT Investment Purchase C A C A A A No
217303199 437220828 25136585 Credit Credit Miscellaneous Guideline Credit Exception: The Appraisal Acknowledgment documents indicate an appraisal was sent to the borrower on both [redacted] and [redacted]. The appraisal in file appears to be an update with report date [redacted]. Please forward the appraisal with the report date of [redacted]or earlier. Reviewer Comment (2022-03-31): Received


Seller Comment (2022-03-30): see attached
 03/31/2022 1 A GA Primary Purchase C B C B A A A A Non QM Non QM No
217303199 437220828 25136672 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___ Provide the [redacted] 1099 Transcript and 4506t. Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.		 Reserves: [redacted]
Guideline Requirement: [redacted]		 Owner

Owner

Owner

Owner

Owner,Originator		 Reviewer Comment (2022-04-04): Lender Exception approval for waiver of supplying the [Redact] 1099 transcripts.


Seller Comment (2022-03-31): see attached
 04/04/2022 2 B GA Primary Purchase C B C B A A A A Non QM Non QM No
217303199 437220828 25136710 Credit Guideline Guideline Issue Guideline Missing required income documentation . - Please forward the [redacted] 1099 Transcript. Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.		 Reserves: [redacted]
Guideline Requirement: [redacted]		 Owner

Owner

Owner

Owner

Owner,Originator		 Reviewer Comment (2022-04-04): Lender Exception approval for waiver of supplying the [Redact] 1099 transcripts.


Seller Comment (2022-03-31): see attached
 04/04/2022 2 B GA Primary Purchase C B C B A A A A Non QM Non QM No
217303199 437220828 25182061 Credit Credit Credit Eligibility Guideline Public Record Issue: - Borrower has verified disposable income of at least $xxxx.xx.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.		 Reserves: [redacted]
Guideline Requirement: [redacted]		 Owner

Owner,Originator		 Reviewer Comment (2022-03-29): Lender Exception Approval to allow [Redact] Collection account to remain open - it is in repayment status with three payments left.
 03/29/2022 2 B GA Primary Purchase C B C B A A A A Non QM Non QM No
217305832 437220849 25133031 Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. Reviewer Comment (2022-04-04): Received credit report and credit supplement .Transaction is cash out refinance of primary .[Redact] Mortgage [Redact] is associated with subject property .Verified [Redact] months of housing history from credit report .Exception Cleared.


Seller Comment (2022-03-31): VOM attached
 04/04/2022 1 A CA Primary Refinance - Cash-out - Other C A C A A A A A Non QM Non QM No
217306307 437220819 25137491 Compliance Compliance State Compliance State Defect [redacted] Prepayment Penalty [redacted] Prepayment Penalty:  No prepayment penalties are permissible in the state of [redacted]. [redacted] Prepayment Penalty: No prepayment penalties are permissible in the state of [redacted]. Reviewer Comment (2022-03-29): [Redact] prepayment penalty restrictions not applicable to borrower who is an LLC.
 03/29/2022 1 A NJ Investment Purchase C A A A C A A A N/A Exempt from ATR No
217312430 437220829 25153166 Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Payoff Statement Missing Missing Payoff Statement: Unable to determine if a prepayment penalty was included in the pay-off which may impact high cost findings. The payoff statement is missing, please provide Reviewer Comment (2022-04-05): Seller Acknowledges Exception.


Seller Comment (2022-03-31): Seller requests buyer review: please leave as is - unable to clear
 04/05/2022 2 B NY Primary Refinance - Cash-out - Other B B A A B B A A Non QM Non QM No
217312454 437220813 25154645 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-04-04): Received Business Purpose Certificate, Exception Cleared


Seller Comment (2022-04-01): see attached
 04/04/2022 1 A MI Investment Refinance - Cash-out - Other C A C A A A No
217312463 437220825 25193342 Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided Month to Month Lease required. Reviewer Comment (2022-04-04): Received signed copy of lease agreement for the property at xxxx. Item 25(8) of Lease agreement states that the agreement becomes MTM after [Redact] . Exception cleared.


Seller Comment (2022-03-31): lease attached


Seller Comment (2022-03-31): memo attached
 04/04/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217312487 437220787 25171151 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Final CD reflects seller's property tax amount, not the amount based on the new purchase. [redacted] use which is [redacted], and hazard is[redacted], which would total [redacted] Reviewer Comment (2022-04-21): [Redact] Received PCCD and Letter of Explanation with reflecting changes in the estimated Cost over 1 year section.


Seller Comment (2022-04-20): Please see PC CD & Letter to Borrower correcting property costs over year 1
 04/21/2022 2 B CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
217315156 437220868 25199903 Credit Credit Miscellaneous Guideline Credit Exception: Bank statements reflect excessive NSFs. The representative FICO score exceeds the guideline minimum by at least xx points.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

Borrower has worked in the same position for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has been employed in the same industry for more than x years.		 Lender Exception with Comp Factors provided for regrade and waive.

Lender Exception with Comp Factors provided for regrade and waive.		 Originator,Owner

Owner

Owner

Owner

Originator,Owner		 Reviewer Comment (2022-03-31): Lender Exception with Comp Factors provided for regrade and waive.
 03/31/2022 2 B NJ Primary Purchase B B B B A A A A Non QM Non QM No
217315286 437220752 25182588 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2022-04-04): Received and associated Business Purpose Certificate. Exception Cleared.


Seller Comment (2022-04-01): Non QM Cert
 04/04/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217315286 437220752 25182606 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - 1-4 Family not provided Reviewer Comment (2022-04-04): Received and associated Rider - 1-4 Family. Exception Cleared.


Seller Comment (2022-04-01): 1-4 Rider
 04/04/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217315286 437220752 25182618 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Title Preliminary not provided Reviewer Comment (2022-04-04): Received and associated Title Commitment. Exception Cleared.


Seller Comment (2022-04-01): Please see Prelim
 04/04/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217315286 437220752 25182781 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided Reviewer Comment (2022-04-04): Completed USA Patriot Act Form received. Borrower's ID has been verified using [Redact] State Issued Driver License. Exception Cleared.


Seller Comment (2022-04-01): Patriot Act
 04/04/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217315286 437220752 25182808 Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file. Please provide Final Title. Reviewer Comment (2022-04-04): Received and associated Title commitment. Exception cleared.


Seller Comment (2022-04-01): Please  Waive  -[Redact] Property - Final will be provided with copy of the recorded DOT.
 04/04/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217315369 437220671 25161059 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Purchase Agreement / Sales Contract not provided Please provide the purchase agreement/sales contract. Reviewer Comment (2022-04-04): Purchase contract and Sales addendum received. Exception cleared


Seller Comment (2022-04-03): Sales contract attached
 04/04/2022 1 A NJ Investment Purchase D A D A D A No
217315369 437220671 25161094 Credit Property - Appraisal General Appraisal Requirements Property - Appraisal Rent schedule is missing on lease property - Please provide the comparable rent schedule. Reviewer Comment (2022-04-05): 1025 received with comparable rents and Operating Income Statement.


Seller Comment (2022-04-03): acknowledgement attached
 04/05/2022 1 A NJ Investment Purchase D A D A D A No
217315369 437220671 25161100 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 Please provide the secondary valuation, or FNMA UCDP [redacted]. Reviewer Comment (2022-04-04): CDA received and verified the details. Exception cleared


Seller Comment (2022-04-03): appraisal docs uploaded[Redact]
 04/04/2022 1 A NJ Investment Purchase D A D A D A No
217315369 437220671 25161103 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Appraisal is missing.; Sec ID: 1 Please provide the appraisal. Reviewer Comment (2022-04-04): Appraisal form 1025 received and verified the details. Exception cleared


Seller Comment (2022-04-03): appraisal attached
 04/04/2022 1 A NJ Investment Purchase D A D A D A No
217315369 437220671 25161126 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. Please provide evidence the property was inspected after the remnants of Hurricane XXXX on [redacted]. Reviewer Comment (2022-04-04): Appraisal form 1025 and CDA received and verified the details. Exception cleared


Seller Comment (2022-04-03): CDA attached
 04/04/2022 1 A NJ Investment Purchase D A D A D A No
217315369 437220671 25185122 Credit Title General Title Title Policy Coverage is less than Original Loan Amount. Please provide evidence of title with coverage of [redacted]. There is a title insurance coverage shortfall of [redacted]. Reviewer Comment (2022-04-07): Document received with proposed insurance amount which equal to loan amount. Exception cleared


Seller Comment (2022-04-06): Please see attached the Proposed Insured
 04/07/2022 1 A NJ Investment Purchase D A D A D A No
217315369 437220671 25203218 Credit Missing Document General Missing Document Missing Document: Stated not provided Provide all appraisals. Reviewer Comment (2022-04-04): Appraisal form 1025 and CDA received and verified the details. Exception cleared


Seller Comment (2022-04-03): Appraisal uploaded [Redact]
 04/04/2022 1 A NJ Investment Purchase D A D A D A No
217315374 437220630 25165081 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided Please provide the background check. Additional conditions may apply. Reviewer Comment (2022-04-05): Received Fraud Report.  Exception cleared.


Seller Comment (2022-04-01): Fraudguard uploaded [Redact]
 04/05/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217315374 437220630 25165082 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Please provide the fraud report. Additional conditions may apply. Reviewer Comment (2022-04-04): Received Fraud Report , Exception Cleared


Seller Comment (2022-04-01): Fraudguard attached
 04/04/2022 1 A CA Investment Refinance - Cash-out - Other C A C A A A No
217356634 437220904 25204900 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] prior to consummation. Provide all appraisals done for the loan and evidence they were all sent to the borrower at least [redacted] prior to closing. Appraisal acknowledgment in file dated [redacted] but appraisal date is [redacted]. Reviewer Comment (2022-04-28): Aggregator acknowledges exception.


Reviewer Comment (2022-04-08): Please provide as requested.
 04/28/2022 2 B FL Primary Purchase B B A A B B A A Non QM Non QM No