EX-99.3(2) 15 e4400ex99-3sch2.htm EXCEPTION GRADES REPORT
                                                           
Exception Grades                                                            
Run Date - 3/XX/2019 1:28:53 PM                                                            

 

                                                Rating Agency Grades      
AMC Loan ID Customer Loan ID Seller Loan ID Loan Exception ID Exception ID Exception Date Exception Type Exception Category Exception Subcategory Exception Exception Detail Exception Information Compensating Factors 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
203612057           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.25080% or Final Disclosure APR of 6.43300% is in excess of allowable threshold of APOR 4.35% + 1.5%, or 5.85000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-06-01): [Redacted] mortgage purchases HPML compliant loans.
     3/XX/2018  9:49:33 AM 1 A 2/XX/2018 NJ Primary Purchase   C B A A C B A A Non QM Non QM No
203612057           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (Fina [Redacted]) Final disclosure reflects a total interest percentage of 121.553%, calculated TIP is 117.245%. Due to rate lock index used of 2.45%.   Reviewer Comment (2018-06-01): Seller provided rate index used of 2.425%.
 3/XX/2018  9:18:01 AM     1 A 2/XX/2018 NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
203612057           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing evidence that the borrower was provided the home loan toolkit within x business days of application.   Reviewer Comment (2018-06-01): Seller provided the receipt of the home loan toolkit dated  [Redacted]
 3/XX/2018  9:15:50 AM     1 A 2/XX/2018 NJ Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
203612057           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. Missing evidence that the borrower was provided the CHARM disclosure within x business days of application.   Reviewer Comment (2018-06-01): Seller provided the receipt of the CHARM disclosure on  [Redacted]
 3/XX/2018  9:15:50 AM     1 A 2/XX/2018 NJ Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
203612057           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Demand Feature TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan contains a Demand Feature. (Final/[Redacted]) Final CD does not disclose this information   Reviewer Comment (2018-06-01): [Redacted] has elected to waive this exception.
     3/XX/2018  9:19:45 AM 2 B 2/XX/2018 NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
203612057           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Amount Financed TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an Amount Financed that was not within tolerance of the actual amount financed for the loan. (Final [Redacted]) Due to rate lock index used of 2.45%. Amount finance [Redacted] > CD amount financed [Redacted].   Reviewer Comment (2018-06-01): Seller provided rate index used of 2.425%.
 3/XX/2018  9:18:01 AM     1 A 2/XX/2018 NJ Primary Purchase 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
203612057           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on  [Redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. (Final [Redacted]) Due to rate lock index used of 2.45%. Finance charge 813,248.69 > CD finance charge.   Reviewer Comment (2018-06-01): Seller provided rate index used of 2.425%.
 3/XX/2018  9:18:01 AM     1 A 2/XX/2018 NJ 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 B A A C B A A Non QM Non QM Yes
203612057           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Total of Payments that does not match the actual total of payments for the loan. (Final[Redacted]) Due to rate lock index used of 2.45%. CD TOP [Redacted] > calculated TOP [Redacted].   Reviewer Comment (2018-06-01): Seller provided rate index used of 2.425%.
 3/XX/2018  9:18:01 AM     1 A 2/XX/2018 NJ Primary 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
204989043           Credit Loan Package Documentation Application / Processing Missing Document: Mortgage Loan Payoff Statement not provided       Reviewer Comment (2018-10-29): Payoff was provided.


Buyer Comment (2018-10-29): Payoff
 7/XX/2018  2:15:53 PM     1 A 6/XX/2018 FL Investment Refinance - Rate/Term   C B C B     A A     No
204989043           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Minimum Loan Amount discrepancy. Note loan amount of ___ is less than Guideline minimum loan amount of ___.   Experienced Investor

 1.45 DSCR

Subject leased		 Reviewer Comment (2018-10-29): Client elects to waived based on compensating factors
     7/XX/2018  2:16:37 PM 2 B 6/XX/2018 FL Investment Refinance - Rate/Term   C B C B     A A     No
204989046           Credit Loan Package Documentation Application / Processing Missing Document: Mortgage Loan Payoff Statement not provided       Reviewer Comment (2018-10-29): Payoff was provided.


Buyer Comment (2018-10-29): Payoff
 7/XX/2018  2:25:37 PM     1 A 06/04/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989048           Credit Fix and Flip General Insufficient funds for Reserves.       Reviewer Comment (2018-10-29): Per client, they use cash from borrower only which is  [Redacted] Condition no longer applies


Buyer Comment (2018-10-29): Cash to close is always calculated as cash FROM borrower on HUD. We do not add back the EMD.
 7/XX/2018  8:55:05 AM     1 A 6/XX/2018 NY Investment Purchase   C A C A     A A     No
204989048           Credit Assets Asset Calculation / Analysis Available for Closing is insufficient to cover Cash From Borrower.       Reviewer Comment (2018-10-29): Per client, they use cash from borrower only which is  [Redacted] Condition no longer applies


Buyer Comment (2018-10-29): Cash to close is always calculated as cash FROM borrower on HUD. We do not add back the EMD.
 7/XX/2018  8:55:08 AM     1 A 6/XX/2018 NY Investment Purchase   C A C A     A A     No
204989050           Credit Missing Document Appraisal Documentation The appraisal is missing from file and required by guidelines.   Additional conditions may apply   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  10:47:26 AM     1 A 5/XX/2018 FL Investment Refinance - Rate/Term   C B C B     A B     No
204989050           Credit Loan Package Documentation Application / Processing Missing Document: Flood Certificate not provided   Flood Cert > [Redacted] days old   Reviewer Comment (2018-10-29): Document provided


Reviewer Comment (2018-10-29): Please review original condition. Flood Cert > 90 days old.
 6/XX/2018  11:45:44 AM     1 A 5/XX/2018 FL Investment Refinance - Rate/Term   C B C B     A B     No
204989050           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance premium is missing from evidence of insurance.       Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  10:40:35 AM     1 A 5/XX/2018 FL Investment Refinance - Rate/Term   C B C B     A B     No
204989050           Credit Credit Miscellaneous Credit Exception:   The borrower has x liens on the background report. The docket numbers are all different. Provide evidence of release or paid.   Reviewer Comment (2018-10-29): Previous credit report reflects liens released. Background check reflects duplicates (same amounts and same holder) and 1 withdrawal of lien provided.


Buyer Comment (2018-10-29): Some of those records are duplicates. All records reflect released on the  [Redacted] credit report.


Reviewer Comment (2018-10-29): Please review original condition. Release is for 1 lien. There are a total of 8 liens on the background check, all with different docket numbers.


Buyer Comment (2018-10-29): Verified released on old credit report from  [Redacted]
 6/XX/2018  11:49:05 AM     1 A 5/XX/2018 FL Investment Refinance - Rate/Term   C B C B     A B     No
204989050           Credit Credit Miscellaneous Credit Exception:   Per lender's guidelines, minimum DSCR is 1.00 for loan amounts >$[Redacted]. DSCR on current loan is 0.96. (New condition due to appraisal received post review) >$700k in verified assets, 666 FICO, highly experienced borrower, 70% LTV. Reviewer Comment (2018-10-29): Client elects to waive guidelines requirement


Buyer Comment (2018-10-29): [Redacted] approves exception. Compensating factors: >$ [Redacted] in verified assets,  [Redacted] FICO, highly experienced borrower, 70% LTV.


Reviewer Comment (2018-10-29): In order for condition to waived down to an EV2, comp factors need to be provided.


Buyer Comment (2018-10-29): Min DSCR Waived. Please clear


Reviewer Comment (2018-10-29): It is acknowledged that the loan amount is  [Redacted] Please review original condition. Lender guidelines require a minimum DSCR of 1.00 when the loan amount is greater than  [Redacted]


Buyer Comment (2018-10-29): Loan amount is  [Redacted]
     6/XX/2018  2:00:52 PM 2 B 5/XX/2018 FL Investment Refinance - Rate/Term   C B C B     A B     No
204989050           Property Property - Appraisal General Appraisal Requirements Subject is a refinance and property is listed for sale. Valuation Type: Appraisal / Valuation Report Date: [Redacted]   Title work verifies date purchased and refinance shortly thereafter, application originally submitted as a purchase transaction to LendingOne but borrower changed strategy, >$700k in verified assets, 666 FICO, highly experienced borrower, 70% LTV. Reviewer Comment (2018-10-29): Client elects to waive (guidelines requirement)


Buyer Comment (2018-10-29): [Redacted] approves exception. Compensating factors: title work verifies date purchased and refinance shortly thereafter, application originally submitted as a purchase transaction to  [Redacted] but borrower changed strategy, >$ [Redacted] in verified assets,  [Redacted] FICO, highly experienced borrower, 70% LTV.


Reviewer Comment (2018-10-29): This would be a lender decision for using an appraisal from a different transaction. This is a credit exception, so this can be waived by lender with comp factors down to an EV2.


Buyer Comment (2018-10-29): A 1004D would not have the pertinent information needed showing Refinance. At this point, we would need to order a new appraisal which is extremely inconvenient to both us and the borrower. Are there any other options? If not, does the appraisal need to be back-dated prior to the transaction date or would a current, exterior only appraisal showing refinance suffice? Please advise.


Reviewer Comment (2018-10-29): The appraisal will need to be updated to match the current transaction


Buyer Comment (2018-10-29): Please see chain of title. When this application was originally submitted, borrower intended on using the loan to purchase the property. The appraisal was done as a purchase transaction. The borrower then decided to purchase this property with another lender.  He did so & came to us for a rate/term refinance shortly thereafter.  The appraisal was done prior to his original purchase closing.
     6/XX/2018  2:01:30 PM 2 B 5/XX/2018 FL Investment Refinance - Rate/Term   C B C B     A B     No
204989052           Credit Credit Credit Calculation / Analysis Guideline Issue:  Insufficient tradelines per credit guidelines   2 tradelines < 3 tradelines required. 1 tradeline should be open and active for 24 months and 2 reported within the last 12 months. Borrower does not have a 3rd tradeline reporting within the last 12 months. Authorized user, chargeoffs and collection accounts cannot be counted. FICO 678, Experienced investor, 1.18 DSCR, 52.50% LTV, >$48k in verified assets. Reviewer Comment (2018-10-29): Client elects to waive guideline requirement


Buyer Comment (2018-10-29): [Redacted] approves exception. Compensating factors: FICO  [Redacted] experienced investor, 1.18 DSCR, 52.50% LTV, >$ [Redacted] in verified assets.


Reviewer Comment (2018-10-29): Condition remains.  [Redacted] is an Authorized User account. Per lender's guidelines, Authorized User accounts cannot be counted as an active tradeline.


Buyer Comment (2018-10-29): G504 >12 months
 [Redacted] >24 months
 [Redacted] >24 months
     6/XX/2018  1:49:20 PM 2 B 4/XX/2018 NJ Investment Refinance - Rate/Term   C B C B     A A     No
204989053           Credit Credit Credit Eligibility Guideline Issue:  Foreclosure timeline outside of credit guidelines   Background check reflects a Lis Pendens in [Redacted] (< 3 yrs)   Reviewer Comment (2018-10-29): (Redacted) report pulled after background. No foreclosures reported.


Reviewer Comment (2018-10-29): If the borrower re-purchased the loans out of foreclosure, the initial foreclosure is still < 3 years seasoned, thus requiring an exception.


Buyer Comment (2018-10-29): The two foreclosures listed on  [Redacted]s credit from  [Redacted] are currently vested in her name and part of her rental portfolio.  [Redacted] lists properties purchased in foreclosure and properties that have been foreclosed on. Since she owns both properties, we can conclude that both properties were purchased in foreclosure.
 7/XX/2018  1:40:09 PM     1 A 7/XX/2018 NJ Investment Purchase   C B C B     A A     No
204989053           Credit Credit Miscellaneous Credit Exception:   Minimum DSCR for loan amounts < [Redacted] is [Redacted]. DSCR is [Redacted] DSCR off by 0.04.

Experienced Investor

FICO 741		 Reviewer Comment (2018-10-29): Client elects to waive guideline requirement


Buyer Comment (2018-10-29): Exception uploaded.
     7/XX/2018  11:29:05 AM 2 B 7/XX/2018 NJ Investment Purchase   C B C B     A A     No
204989054           Credit Loan Package Documentation Application / Processing Missing Document: Background Check not provided   Guidelines require background check on all members of the borrowing entity with > 5% ownership. The loan file is missing background check for [Redacted] who has 50% ownership of the borrowing entity.   Reviewer Comment (2018-10-29): Document provided


Reviewer Comment (2018-10-29): Document not uploaded. Calling for background check on D. Dudley ( additional owner). Credit report was uploaded twice.
 5/XX/2018  11:24:01 AM     1 A 4/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
204989054           Credit Credit Credit Documentation Missing Document: Credit Report not provided   Guidelines require credit report for all members of the borrowing entity with > 5% ownership. Minimum 640 FICO is required fo all members with 50% or greater ownership, regardless of whether or not they are personally guaranteeing the loan. The loan file is missing credit report for [Redacted] who has 50% ownership of the borrowing entity.   Reviewer Comment (2018-10-29): Document provided
 5/XX/2018  10:50:11 AM     1 A 4/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
204989054           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2018-10-29): Document provided
 5/XX/2018  10:49:28 AM     1 A 4/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
204989055           Credit Loan Package Documentation Application / Processing Missing Document: Background Check not provided   Provide the background check for [Redacted] (50% owner)   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  11:41:29 AM     1 A 5/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
204989055           Credit Credit Credit Documentation Missing Document: Credit Report not provided   Provide the credit report for [Redacted]. (50% owner)   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  11:41:36 AM     1 A 5/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
204989057           Credit Loan Package Documentation Application / Processing Missing Document: Certificate of Good Standing not provided   Document is > [Redacted] days old   Reviewer Comment (2018-10-29): Document provided
 5/XX/2018  10:09:50 AM     1 A 4/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
204989058           Credit Loan Package Documentation Closing / Title (Missing Doc) Missing Note Addendum: Note P&I does not match calculated P&I Note P&I of ___ does not match Calculated P&I of ___     Reviewer Comment (2018-10-29): Amended signed note received


Reviewer Comment (2018-10-29): Calculated using the following: $1 [Redacted]loan amount, 6.93% interest rate, Term 360.


Buyer Comment (2018-10-29): Please see prior comment


Buyer Comment (2018-10-29): How are you calculating the P&I of  [Redacted]? We are showing both the calculated and the note P&I to be $ [Redacted].
 5/XX/2018  5:07:09 PM     1 A 05/04/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989058           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.       Reviewer Comment (2018-10-29): Document provided
 5/XX/2018  5:07:26 PM     1 A 05/04/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989058           Credit Credit Miscellaneous Credit Exception:   Provide the LOE on cashout reason.   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  6:41:04 AM     1 A 05/04/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989058           Credit Credit Miscellaneous Credit Exception:   Provide the background check and credit report for the additional member owning >=[Redacted] of the borrowing entity.   Reviewer Comment (2018-10-29): Documents provided
 5/XX/2018  10:44:19 AM     1 A 05/04/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989060           Credit Loan Package Documentation Application / Processing Missing Document: Operating Agreement not provided   [Redacted]   Reviewer Comment (2018-10-29): Document provided. Guarantor sole owner.
 5/XX/2018  9:56:53 AM     1 A 4/XX/2018 MS Investment Refinance - Cash-out - Other   C A C A     A A     No
204989060           Credit Loan Package Documentation Application / Processing Missing Document: Articles of Organization/Formation not provided   [Redacted]   Reviewer Comment (2018-10-29): Document provided. Guarantor sole owner.
 5/XX/2018  9:57:22 AM     1 A 4/XX/2018 MS Investment Refinance - Cash-out - Other   C A C A     A A     No
204989060           Credit Loan Package Documentation Application / Processing Missing Document: Employer Identification Number (EIN) not provided       Reviewer Comment (2018-10-29): Document provided
 5/XX/2018  9:57:11 AM     1 A 4/XX/2018 MS Investment Refinance - Cash-out - Other   C A C A     A A     No
204989060           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance premium is missing from evidence of insurance.       Reviewer Comment (2018-10-29): Document provided
 5/XX/2018  9:59:01 AM     1 A 4/XX/2018 MS Investment Refinance - Cash-out - Other   C A C A     A A     No
204989061           Credit Credit Credit Documentation A credit report was not pulled for all members of the borrowing entity as required by guidelines.   Provide the credit report for all owners of the borrowing entity.   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  11:15:23 AM     1 A 5/XX/2018 IL Investment Refinance - Rate/Term   C A C A     A A     No
204989061           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance premium is missing from evidence of insurance.       Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  3:24:37 PM     1 A 5/XX/2018 IL Investment Refinance - Rate/Term   C A C A     A A     No
204989061           Credit Credit Miscellaneous Credit Exception:   Provide the updated VOM's for the mortgages on credit reporting through [Redacted]. >90 days from Note Date.   Reviewer Comment (2018-10-29): VOM has been satisfied.


Buyer Comment (2018-10-29): There is nothing in the FNMA guidelines that requires we use the payment grid.

Our guidelines also show on page 10 that "it is only required that 1 of them has a DLA/Reported date less than 90 days from the note date".  Per our guidelines, this is how we will be calculating mortgage age.


Reviewer Comment (2018-10-29): Please advise where in the FNMA guidelines it states the reporting date is used to calculate age of a mortgage paid.


Buyer Comment (2018-10-29): DLA is used to calculate the date per (Redacted). Not required to use the last paid detail.


Reviewer Comment (2018-10-29): Per (Redacted), date reported is the date used to calculate age.


Buyer Comment (2018-10-29): Date reported  [Redacted] which is within 90 days of closing.
 6/XX/2018  11:32:34 AM     1 A 5/XX/2018 IL Investment Refinance - Rate/Term   C A C A     A A     No
204989061           Credit Loan Package Documentation Application / Processing Missing Document: Background Check not provided   Provide the background check for all owners of the borrowing entity.   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  11:15:25 AM     1 A 5/XX/2018 IL Investment Refinance - Rate/Term   C A C A     A A     No
204989062           Credit Credit Miscellaneous Credit Exception:   Missing credit report and background checks for additional XXX borrowing entity.   Reviewer Comment (2018-10-29): Additional owner is 30% owner. Guidelines only apply to 50% owners.


Buyer Comment (2018-10-29): This is only the case if the borrower owns 50% of the loan, regardless of whether they are personally guaranteeing. See guidelines page 6, under entity requirements. The rest of the credit requirements only apply to the personal guarantor.


Reviewer Comment (2018-10-29): Per the lender's guidelines, additional owners must have a minimum credit score of  [Redacted] Additional owner's credit score is  [Redacted]
 6/XX/2018  11:44:16 AM     1 A 5/XX/2018 TX Investment Refinance - Cash-out - Other   C A C A     A A     No
204989062           Credit Assets Asset Documentation Assets Error: Usability  was not provided   Bank Statement is in the of [Redacted]. Missing evidence of ownership or Access Letter.   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  10:36:37 AM     1 A 5/XX/2018 TX Investment Refinance - Cash-out - Other   C A C A     A A     No
204989062           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  10:36:17 AM     1 A 5/XX/2018 TX Investment Refinance - Cash-out - Other   C A C A     A A     No
204989063           Credit Credit Miscellaneous Credit Exception:   The Guarantor has x liens on the background check that exceed $[Redacted]. Provide evidence of release or paid. DSCR 1.31%, >$500k in verified assets, 715 FICO, Experienced investor. Reviewer Comment (2018-10-29): Client elects to waive guideline requirement


Buyer Comment (2018-10-29): [Redacted] approves exception. Compensating factors: DSCR 1.31%, >$500k in verified assets, 715 FICO, Experienced investor.


Reviewer Comment (2018-10-29): LOE is not sufficient. Will need actual releases or evidence no liens against the borrower.
     6/XX/2018  1:57:18 PM 2 B 5/XX/2018 KS Investment Purchase   C B C B     A A     No
204989063           Credit Credit Miscellaneous Credit Exception:   Per lender's guidelines, minimum loan amount is $[Redacted] DSCR 1.31%, >$500k in verified assets, 715 FICO, Experienced investor. Reviewer Comment (2018-10-29): Client elects to waive guideline requirement


Buyer Comment (2018-10-29): [Redacted] approves exception. Compensating factors: DSCR 1.31%, >$500k in verified assets,  [Redacted] FICO, Experienced investor.
     6/XX/2018  1:57:24 PM 2 B 5/XX/2018 KS Investment Purchase   C B C B     A A     No
204989066           Credit Loan Package Documentation Application / Processing Missing Document: Certificate of Good Standing not provided   The COE > [Redacted] days old.   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  10:56:56 AM     1 A 5/XX/2018 FL Investment Refinance - Rate/Term   C A C A     A A     No
204989066           Credit Credit Miscellaneous Credit Exception:   The borrower has x liens on the background report, however only x withdrawal of lien was provided. The docket numbers are all different. Provide evidence of release or paid.   Reviewer Comment (2018-10-29): Previous credit report reflects liens released. Background check reflects duplicates (same amounts and same holder) and 1 withdrawal of lien provided.


Buyer Comment (2018-10-29): Some of those records are duplicates. All reflect released on credit report.


Reviewer Comment (2018-10-29): Please review original condition:The borrower has 8 liens on the background report, however only 1 withdrawal of lien was provided. The docket numbers are all different. Provide evidence of release or paid.


Buyer Comment (2018-10-29): Verified released on old credit report  [Redacted]
 6/XX/2018  11:50:43 AM     1 A 5/XX/2018 FL Investment Refinance - Rate/Term   C A C A     A A     No
204989067           Credit Credit Credit Documentation Missing Document: Credit Report not provided   Subject to review or additional condition.   Reviewer Comment (2018-10-29): Document provided
 5/XX/2018  11:13:13 AM     1 A 4/XX/2018 CT Investment Refinance - Rate/Term   D A D A     A A     No
204989067           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance premium is missing from evidence of insurance.       Reviewer Comment (2018-10-29): Document provided
 5/XX/2018  11:13:33 AM     1 A 4/XX/2018 CT Investment Refinance - Rate/Term   D A D A     A A     No
204989067           Credit Loan Package Documentation Application / Processing Missing Document: Certificate of Good Standing not provided   COE >30 days old   Reviewer Comment (2018-10-29): Document provided
 5/XX/2018  11:14:50 AM     1 A 4/XX/2018 CT Investment Refinance - Rate/Term   D A D A     A A     No
204989067           Credit Insurance Insurance Analysis Hazard Insurance Policy expires within 90 days of the Note Date. Hazard Insurance Policy Expiration Date ___, Note Date ___     Reviewer Comment (2018-10-29): Auto Renewal checked on policy. Per lender's guidelines, if exp is < 3 months, renewal is required.


Buyer Comment (2018-10-29): Next to expiration date, box is checked showing "continued until terminated if checked". This is acceptable since the policy auto-renews.
 5/XX/2018  11:19:05 AM     1 A 4/XX/2018 CT Investment Refinance - Rate/Term   D A D A     A A     No
204989068           Credit Credit Credit Calculation / Analysis Guideline Issue:  Insufficient tradelines per credit guidelines   1 tradelines < 3 tradelines required. Per Lender's Guidelines, 3 tradelines are required with 1 open and active for 24 months and 2 reported within the last 12 months. 787 FICO, >$80k in verified assets, 1.41% DSCR, 70% LTV, owns primary free and clear. Reviewer Comment (2018-10-29): Client elects to waive guideline requirement


Buyer Comment (2018-10-29): [Redacted] approves exception. Compensating factors:  [Redacted] FICO, >$ [Redacted] in verified assets, 1.41% DSCR, 70% LTV, owns primary free and clear.
     6/XX/2018  2:10:46 PM 2 B 5/XX/2018 IN Investment Purchase   C B C B     A A     No
204989068           Credit Loan Package Documentation Application / Processing Missing Document: Certificate of Good Standing not provided   COE >30 days old   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  11:34:03 AM     1 A 5/XX/2018 IN Investment Purchase   C B C B     A A     No
204989068           Credit Loan Package Documentation Application / Processing Missing Document: Operating Agreement not provided       Reviewer Comment (2018-10-29): Articles of Inc in file. Borrower sole owner. Per guidelines, OA only required if there is one.


Buyer Comment (2018-10-29): EIN doc shows "sole member". OA not required.
 6/XX/2018  11:34:57 AM     1 A 5/XX/2018 IN Investment Purchase   C B C B     A A     No
204989069           Credit Loan Package Documentation Application / Processing Missing Document: Missing Final 1003   Provide the application for the loan file.   Reviewer Comment (2018-10-29): Document provided
 5/XX/2018  11:16:12 AM     1 A 5/XX/2018 TX Investment Refinance - Cash-out - Other   C B C B     A A     No
204989069           Credit Credit Miscellaneous Credit Exception:   There are 6 mortgages reporting on credit with First Financial that have an open balance, however last reporting date is > 90 days from Note Date. Provide the updated mortgage histories for all mortgages. (#[Redacted]) Guidelines- Update mortgage DLA would clear. This batch used prior iteration of guidelines; 70% LTV, 1.07 DSCR, 705 FICO, experienced borrower, 44 months seasoning, leased property, >$30k in verified assets. Reviewer Comment (2018-10-29): Client elects to waive guideline requirement


Buyer Comment (2018-10-29): [Redacted] approves exception. Compensating factors: Guidelines- Update mortgage DLA would clear. This batch used prior iteration of guidelines; 70% LTV, 1.06 DSCR,  [Redacted] FICO, experienced borrower, 44 months seasoning, leased property, >$ [Redacted] in verified assets.


Reviewer Comment (2018-10-29): Condition remains. Please review original condition for the mortgages cited. The DLA/Reporting Date is  [Redacted] which is > 90 days from note. All are with  [Redacted]l.


Buyer Comment (2018-10-29): Misinterpretation of guidelines.  Date reported / DLA is within 90-days from note date on all accounts.
     6/XX/2018  1:53:17 PM 2 B 5/XX/2018 TX Investment Refinance - Cash-out - Other   C B C B     A A     No
204989070           Credit Credit Miscellaneous Credit Exception:   Rent loss of 6 months required. HOI policy reflects rent loss of $[Redacted]vs actual calculated required of $[Redacted].   Reviewer Comment (2018-10-29): Per lender's guidelines, rent loss is calculated off of rent payment on subject property. Rent loss of $ [Redacted] which is the rent loss on the subject property per HOI policy.


Buyer Comment (2018-10-29): Requirement for rent loss is 6 months of rent amount.  $ [Redacted] is sufficient based on $ [Redacted]/mo rent.
 5/XX/2018  11:09:23 AM     1 A 5/XX/2018 AZ Investment Purchase   C B C B     A A     No
204989070           Credit Credit Miscellaneous Credit Exception:   Per Lender's Guidelines, minimum DSCR for loan amounts >[Redacted] is [Redacted]. DSCR is [Redacted]. FICO 722, Experienced investor, $153k in verified assets. Reviewer Comment (2018-10-29): Client elects to waive guideline requirements


Buyer Comment (2018-10-29): [Redacted] approves exception. Compensating factors: FICO  [Redacted] Experienced investor, $ [Redacted]in verified assets.
     6/XX/2018  1:50:54 PM 2 B 5/XX/2018 AZ Investment Purchase   C B C B     A A     No
204989071           Credit Credit Miscellaneous Credit Exception:   There a 3 income tax liens on the Guarantor's background check that were not addressed. Per Lender's Guidelines, income tax liens may remain open subject to evidence of documented payment plan and do not impact the subject properties title. Background check  reflects refiled lien as of [Redacted].   Reviewer Comment (2018-10-29): Release of lien provided
 5/XX/2018  11:10:31 AM     1 A 05/04/2018 VA Investment Refinance - Cash-out - Other   C A C A     A A     No
204989072           Credit Loan Package Documentation Application / Processing Missing Document: Business Purpose Certificate not provided       Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  11:02:06 AM     1 A 5/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
204989072           Credit Loan Package Documentation Application / Processing Missing Document: Guarantor Agreement not provided       Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  11:01:56 AM     1 A 5/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
204989072           Credit Fix and Flip General The Non-Owner Occupied Certification was not signed by all required borrowers and thus casts doubt on the business purpose of the loan.   Not provided.   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  11:02:35 AM     1 A 5/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
204989072           Credit Credit Miscellaneous Credit Exception:   Provide the credit report and background check for the additional owners of the borrowing entity.   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  10:59:41 AM     1 A 5/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
204989072           Credit Loan Package Documentation Application / Processing Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided   Provided the deed transferring the property to the borrowing entity prior to close   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  10:59:29 AM     1 A 5/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
204989072           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  10:58:23 AM     1 A 5/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
204989073           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance premium is missing from evidence of insurance.       Reviewer Comment (2018-10-29): Invoice provided
 7/XX/2018  2:36:47 PM     1 A 7/XX/2018 TX Investment Refinance - Cash-out - Other   C B C B     A A     No
204989073           Credit Credit Miscellaneous Credit Exception:   Per lender's guidelines, loan amounts <$[Redacted] require a minimum DSCR of [Redacted]. Current DSCR is [Redacted].   Reviewer Comment (2018-10-29): Month to Month Lease on both units. xxxx market rent shall be used per guidelines.


Buyer Comment (2018-10-29): See  [Redacted] for the correct DSCR calculation of 1.75%
 8/XX/2018  1:16:15 PM     1 A 7/XX/2018 TX Investment Refinance - Cash-out - Other   C B C B     A A     No
204989073           Credit Credit Miscellaneous Credit Exception:   Additional XXX the borrowing entity does not meet the 620 FICO requirement Strong repeat clients, primary guarantor has strong credit, non-guarantor only 8 points below updated minimum Reviewer Comment (2018-10-29): Client elects to waive guideline requirement
     8/XX/2018  1:10:52 PM 2 B 7/XX/2018 TX Investment Refinance - Cash-out - Other   C B C B     A A     No
204989073           Credit System General Flood Certificate Subject Address does not match Note address.   Flood Cert reflects an address of [Redacted] vs. all other documents which reflect [Redacted].   Reviewer Comment (2018-10-29): Document provided
 7/XX/2018  2:37:11 PM     1 A 7/XX/2018 TX Investment Refinance - Cash-out - Other   C B C B     A A     No
204989073           Credit Credit Miscellaneous Credit Exception:   Provide the LOE on cashout reason   Reviewer Comment (2018-10-29): Document provided
 7/XX/2018  2:37:21 PM     1 A 7/XX/2018 TX Investment Refinance - Cash-out - Other   C B C B     A A     No
204989074           Property Property - Appraisal General Appraisal Requirements Valuation Exception:   Per guidelines properties with zoning violations are not allowed.

Appraiser indicated subject property to be Legal Non-conforming zoning due to being undersized for the current zoning.The current improvements can be re-built without a variance if damaged less than [Redacted] by natural causes as long as the same foot print is used. If damaged greater than [Redacted] a variance is needed; but, typically variances are granted in this situation.		 Property is rented

DSCR 1.86%

17 months of reserves

761 FICO		 Reviewer Comment (2018-10-29): Client elects to waived based on compensating factors
     7/XX/2018  2:25:00 PM 2 B 6/XX/2018 NJ Investment Refinance - Cash-out - Other   C B C A     C B     No
204989074           Credit Loan Package Documentation Closing / Title (Missing Doc) Missing Note Addendum: Note P&I does not match calculated P&I Note P&I of ___ does not match Calculated P&I of ___     Reviewer Comment (2018-10-29): Amended Note provided
 7/XX/2018  6:49:12 PM     1 A 6/XX/2018 NJ Investment Refinance - Cash-out - Other   C B C A     C B     No
204989075           Credit Loan Package Documentation Application / Processing Missing Document: Certificate of Good Standing not provided   COE >30 days old   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  11:27:50 AM     1 A 5/XX/2018 MN Investment Refinance - Cash-out - Other   C B C B     A A     No
204989075           Credit Credit Miscellaneous Credit Exception:   Provide the credit report and background check for the additional XXX the borrowing entity. Guarantor has 701 FICO, experienced, >$38k in assets from cash-out, 1.6 DSCR, 65% LTV. Reviewer Comment (2018-10-29): Client elects to waive guideline requirement


Buyer Comment (2018-10-29): [Redacted] approves exception. Compensating factors: Guarantor has  [Redacted] FICO, experienced, >$ [Redacted]in assets from cash-out, 1.6 DSCR, 65% LTV.


Reviewer Comment (2018-10-29): In order for condition to waived down to an EVx, comp factors need to be provided.


Buyer Comment (2018-10-29): exception granted repeat borrower


Reviewer Comment (2018-10-29): Per lender's guidelines, additional owners need a minimum credit score of  [Redacted] Credit score for additional owner is  [Redacted]
     6/XX/2018  2:09:14 PM 2 B 5/XX/2018 MN Investment Refinance - Cash-out - Other   C B C B     A A     No
204989075           Credit Credit Miscellaneous Credit Exception:   Per lender's guidelines, minimum DSCR is 1.15 for loan amounts between $[Redacted]K. DSCR is 0.80.   Reviewer Comment (2018-10-29): DSCR is x.xx. x-x unit property. x unit is unleased. Considered unleased. LTV within guidelines.


Buyer Comment (2018-10-29): That lease is only for x of the units. There are x units total. Therefore, the property is unleased and the market rent should be utilized.


Reviewer Comment (2018-10-29): The lower of the lease or xxxx is used. Lease reflects $x,xxx in rents. DSCR is x.xx.


Buyer Comment (2018-10-29): Proposed P&I $xxx.xx
Property taxes $xxx.xx
HOI + Flood $xx.xx
HOA $x.xx
Total PITIA $x,xxx.xx
Rent Payment $x,xxx.xx
DSCR x.xx%
 6/XX/2018  12:01:00 PM     1 A 5/XX/2018 MN Investment Refinance - Cash-out - Other   C B C B     A A     No
204989075           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2018-10-29): Documents provided
 6/XX/2018  11:27:25 AM     1 A 5/XX/2018 MN Investment Refinance - Cash-out - Other   C B C B     A A     No
204989077           Credit Credit Miscellaneous Credit Exception:   Per lender's guidelines, minimum loan amount is $[Redacted]. Lender exception in file, however comp factors are incorrect. Update DSCR to 1.64 and months reserves to 45 FICO 701, 1.64 DSCR, 42 months reserves Reviewer Comment (2018-10-29): Client elects to waive guideline requirement


Buyer Comment (2018-10-29): updated compensated factors on exception
     8/XX/2018  3:10:56 PM 2 B 7/XX/2018 MN Investment Refinance - Cash-out - Other   C B C B     A A     No
204989077           Credit Credit Miscellaneous Credit Exception:   The additional owner does not meet the minimum FICO of [Redacted]. ([Redacted] FICO). Lender exception in file, however comp factors are incorrect. Update DSCR to [Redacted] and months reserves to [Redacted] FICO 701, 1.64 DSCR, 42 months reserves Reviewer Comment (2018-10-29): Client elects to waive guideline requirement


Buyer Comment (2018-10-29): updated compensating factors
     8/XX/2018  3:11:01 PM 2 B 7/XX/2018 MN Investment Refinance - Cash-out - Other   C B C B     A A     No
204989077           Credit Credit Credit Documentation Aged document: Credit Report  is more than 90 days prior to the note date. Credit Report: Original // Borrower: [Redacted] Lender exception in file, however comp factors are incorrect. Update DSCR to 1.64 and months reserves to 45 FICO 701, 1.64 DSCR, 42 months reserves Reviewer Comment (2018-10-29): Client elects to waive guideline requirement


Buyer Comment (2018-10-29): updated compensating factors
     8/XX/2018  3:11:30 PM 2 B 7/XX/2018 MN Investment Refinance - Cash-out - Other   C B C B     A A     No
204989079           Credit Loan Package Documentation Application / Processing Missing Document: Certificate of Good Standing not provided   COE >30 days old   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  11:19:46 AM     1 A 5/XX/2018 IL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989079           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  11:18:17 AM     1 A 5/XX/2018 IL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989080           Credit Credit Miscellaneous Credit Exception:   Provide the updated VOM's for all mortgages reporting on credit. All DLA dates are > [Redacted] days old.   Reviewer Comment (2018-10-29): VOMs have been satisfied.


Buyer Comment (2018-10-29): For prior note, see credit supplement for those accounts.


Buyer Comment (2018-10-29): New guidelines provided for this review on  [Redacted] clarify that only 1 mortgage must be reported within 90 days of closing. See VOM section on page 10.  That said, mortgage accounts  [Redacted]with DLA's through [Redacted] more than satisfy this requirement.


Reviewer Comment (2018-10-29): Per lender's guidelines, all mortgages must be within 90 days. The mortgage DLA is  [Redacted] which is > 90 days. Guidelines do not reference if they are affected by a disaster that VOM's are not required.


Buyer Comment (2018-10-29): All mortgages are either updated on the supplement (within xx days or closing) or it is noted that they were affected by natural or declared disaster.  Please cross-reference full credit report and supplement.


Reviewer Comment (2018-10-29): Supplement only reflects 1 mortgage is on the disaster relief forbearance program and indicates they must bring loan current by  [Redacted] Evidence of all mortgage updates are required per guidelines.


Buyer Comment (2018-10-29): Credit supplement attached which explains why some of the DLA's are not recent.
 6/XX/2018  11:29:03 AM     1 A 5/XX/2018 FL Investment Purchase   C A C A     A A     No
204989081           Credit Credit Credit Documentation A credit report was not pulled for all members of the borrowing entity as required by guidelines. Borrower: [Redacted] Provide the credit report for the additional XXX the borrowing entity.   Reviewer Comment (2018-10-29): Documents provided
 6/XX/2018  10:04:40 AM     1 A 5/XX/2018 CA Investment Refinance - Cash-out - Other   D B D B     A A     No
204989081           Credit Credit Credit Documentation Missing Document: OFAC not provided   An OFAC search was required and not provided for the joint account owners who were not loan guarantors for the XXX bank accounts and the [Redacted] accounts per the lender's guidelines.   Reviewer Comment (2018-10-29): Document provided


Reviewer Comment (2018-10-29): Additional account holder is  [Redacted]. Docs only provided for  [Redacted]


Buyer Comment (2018-10-29): Page xx of credit report.
 6/XX/2018  10:22:03 AM     1 A 5/XX/2018 CA Investment Refinance - Cash-out - Other   D B D B     A A     No
204989081           Credit Credit Miscellaneous Credit Exception:   DSCR of .71% is below the minimum of 1.15%  (Loan amounts between $[Redacted]). The lower amount from lease $[Redacted] was used for calculation rather than the rent schedule amount of $[Redacted]. Experienced investor, >$14k in verified assets + $61k to borrower on HUD, 65% LTV, 1.18 DSCR based on MTM lease, 672 FICO. Reviewer Comment (2018-10-29): Client elects to waive guideline requirement


Buyer Comment (2018-10-29): [Redacted] approves exception. Compensating factors: Experienced investor, >$ [Redacted] in verified assets + $ [Redacted] to borrower on HUD, 65% LTV, 1.18 DSCR based on MTM lease,  [Redacted] FICO.


Reviewer Comment (2018-10-29): In order to waive condition down to an EVx,comp factors need to be provided.


Buyer Comment (2018-10-29): DSCR Min of x.xx waived. Please clear


Reviewer Comment (2018-10-29): Please advise how it is known there was no prior lease on the subject property. Borrowers have been in possession of the property since  [Redacted]


Buyer Comment (2018-10-29): Lease is a month-to-month lease without prior active lease. Therefore, the property is unleased per guidelines and xxxx market rent from the appraisal should be utilized for DSCR calculation.
     6/XX/2018  1:56:22 PM 2 B 5/XX/2018 CA Investment Refinance - Cash-out - Other   D B D B     A A     No
204989081           Credit Loan Package Documentation Application / Processing Missing Document: Background Check not provided   Provide the background check for the additional XXX the borrowing entity.   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  10:05:13 AM     1 A 5/XX/2018 CA Investment Refinance - Cash-out - Other   D B D B     A A     No
204989081           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  10:04:54 AM     1 A 5/XX/2018 CA Investment Refinance - Cash-out - Other   D B D B     A A     No
204989081           Credit Loan Package Documentation Application / Processing Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided   Provide the deed transferring the property to the borrowing entity prior to close.   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  10:05:05 AM     1 A 5/XX/2018 CA Investment Refinance - Cash-out - Other   D B D B     A A     No
204989083           Credit Credit Miscellaneous Credit Exception:   Provide the credit report and background check for the additional XXX the borrowing entity.   Reviewer Comment (2018-10-29): Documents provided
 6/XX/2018  10:18:52 AM     1 A 5/XX/2018 FL Investment Purchase   C A C A     A A     No
204989084           Credit Loan Package Documentation Application / Processing Missing Document: Mortgage Loan Payoff Statement not provided       Reviewer Comment (2018-10-29): Document provided
 7/XX/2018  11:33:51 AM     1 A 7/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
204989084           Credit Credit Miscellaneous Credit Exception:   Provide the LOE on cashout reason   Reviewer Comment (2018-10-29): Document provided
 7/XX/2018  11:33:10 AM     1 A 7/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
204989084           Credit Credit Miscellaneous Credit Exception:   Provide the credit report and background check for the additional XXX the borrowing entity.   Reviewer Comment (2018-10-29): Documents provided
 7/XX/2018  11:35:06 AM     1 A 7/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
204989084           Credit System General Flood Certificate Subject Address does not match Note address.   Flood Cert reflects [Redacted] vs. [Redacted]   Reviewer Comment (2018-10-29): Document provided
 7/XX/2018  11:33:33 AM     1 A 7/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
204989087           Credit Credit Miscellaneous Credit Exception:   Provide the updated VOM's for the mortgages on credit reporting through [Redacted] > 90 days from Note date.   Reviewer Comment (2018-10-29): VOM has been satisfied


Buyer Comment (2018-10-29): New guidelines provided for this review on  [Redacted] clarify that only 1 mortgage must be reported within 90 days of closing. See VOM section on page 10. That said, mortgage account supplement for [Redacted]satisfies this requirement.


Reviewer Comment (2018-10-29): Please advise where in the FNMA guidelines it states the reporting date is used to calculate age of a mortgage paid.


Buyer Comment (2018-10-29): Per (Redacted), date reported is the date used to calculate age.


Reviewer Comment (2018-10-29): Supplement only reflects 1 mortgage update when 3 are required. Required for  [Redacted]. DLA is the last paid date which was  [Redacted] and > 90 days from Note date.


Buyer Comment (2018-10-29): Supplement attached. Other loans all have DLA / Date reported through  [Redacted] which was within 90 days of closing.
 6/XX/2018  11:31:10 AM     1 A 5/XX/2018 IN Investment Purchase   C A C A     A A     No
204989089           Credit Loan Package Documentation Closing / Title (Missing Doc) Missing Note Addendum: Note P&I does not match calculated P&I Note P&I of ___ does not match Calculated P&I of ___ Note reflects monthly payment $[Redacted] and calculated monthly payment is $[Redacted].   Reviewer Comment (2018-10-29): Amended Note provided
 7/XX/2018  6:51:01 PM     1 A 6/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
204989089           Credit Credit Miscellaneous Credit Exception:   Provide the background check and credit report for the additional [Redacted] XXX the borrowing entity.   Reviewer Comment (2018-10-29): Back ground check and credit report for the additional xx% owner was provided.


Buyer Comment (2018-10-29): Background & Credit
 7/XX/2018  6:41:27 PM     1 A 6/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
204989089           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   1) Provide the LOE on cashout reason 2) Provide the access letter for use of business funds   Reviewer Comment (2018-10-29): LOE for cash-out was provided. Access Letter is not required.


Buyer Comment (2018-10-29): See prior comments


Buyer Comment (2018-10-29): x) LOE on cashout provided
x) Bank account used is for the entity, as such access letter not required


Buyer Comment (2018-10-29): LOE cashout
 7/XX/2018  6:40:31 PM     1 A 6/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
204989090           Credit Loan Package Documentation Application / Processing Missing Document: Mortgage Loan Payoff Statement not provided       Reviewer Comment (2018-10-29): Payoff was provided.
 7/XX/2018  2:46:19 PM     1 A 6/XX/2018 MO Investment Refinance - Rate/Term   C A C A     A A     No
204989090           Credit Insurance Insurance Documentation Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.       Reviewer Comment (2018-10-29): Evidence of rent loss was provided


Buyer Comment (2018-10-29): Please see highlighted rent loss coverage
 7/XX/2018  9:10:11 PM     1 A 6/XX/2018 MO Investment Refinance - Rate/Term   C A C A     A A     No
204989090           Credit Fix and Flip General Insufficient funds for Reserves.       Reviewer Comment (2018-10-29): Additional asset account was provided.
 7/XX/2018  2:47:53 PM     1 A 6/XX/2018 MO Investment Refinance - Rate/Term   C A C A     A A     No
204989091           Property Property - Appraisal General Appraisal Requirements Valuation Exception:   Per guidelines, minimum square footage for an SFR is [Redacted]sf and subject is[Redacted]sf. 126 months of reserves

off from minimum square footage by 8 SQ FT

 DSCR 1.37%		 Reviewer Comment (2018-10-29): Client elects to waived based on compensating factors
     7/XX/2018  9:07:26 PM 2 B 5/XX/2018 FL Investment Purchase   C B A A     C B     No
204989091           Property Property - Appraisal General Appraisal Requirements The appraisal revealed property damage.   Damaged floor and missing doors.

Per Appraiser, THIS WAS ORDERED AS A "AS IS" APPRAISAL. ESTIMATED COST TO REPAIR FOR
FLOOR REPAIR AND DOOR REPLACEMENT IS [Redacted]. PLEASE NOTE IN DISCUSSION WITH BUYER THE
SUBJECT PROPERTY IS GOING TO HAVE A TOTAL REMODELING. IF THIS IS THE CASE THEN ABOVE
REPAIRS WOULD BE INCLUDED IN TOTAL REMODELING COSTS.		   Reviewer Comment (2018-10-29): Not required to be repaired per guidelines.


Buyer Comment (2018-10-29): Per guidelines, only necessary if repair is > 2% of appraised value.
Door replacement cost is $ [Redacted]while 2% of appraised value is $ [Redacted]
 7/XX/2018  9:06:24 PM     1 A 5/XX/2018 FL Investment Purchase   C B A A     C B     No
204989092           Credit Credit Credit Documentation A credit report was not pulled for all members of the borrowing entity as required by guidelines.   Provide the credit report for the additional owners of the borrowing entity Guarantor has 682 FICO, highly experienced, >$27k in verified assets, 1.26 DSCR, 70% LTV. Reviewer Comment (2018-10-29): Client elects to waive guideline requirement


Buyer Comment (2018-10-29): [Redacted] approves exception. Compensating factors: Guarantor has  [Redacted] FICO, highly experienced, >$ [Redacted] in verified assets, 1.26 DSCR, 70% LTV.


Reviewer Comment (2018-10-29): In order for condition to waived down to an EV2, comp factors need to be provided.


Buyer Comment (2018-10-29): exception granted repeat borrower


Reviewer Comment (2018-10-29): Per lender's guidelines, minimum credit score for additional owners is  [Redacted] Median score is  [Redacted]
     6/XX/2018  2:07:59 PM 2 B 5/XX/2018 NJ Investment Refinance - Cash-out - Other   C B C B     A A     No
204989092           Credit Loan Package Documentation Application / Processing Missing Document: Background Check not provided   Provide the background check for the additional owners of the borrowing entity   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  11:15:56 AM     1 A 5/XX/2018 NJ Investment Refinance - Cash-out - Other   C B C B     A A     No
204989092           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  11:15:50 AM     1 A 5/XX/2018 NJ Investment Refinance - Cash-out - Other   C B C B     A A     No
204989093           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  11:13:06 AM     1 A 5/XX/2018 IL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989100           Credit Credit Miscellaneous Credit Exception:   Per Guidelines, Rural properties are not allowed 708 FICO

property is rented

24 months of reserves		 Reviewer Comment (2018-10-29): Client elects to waived based on compensating factors
     7/XX/2018  2:20:56 PM 2 B 6/XX/2018 NY Investment Refinance - Cash-out - Other   C B C B     A A     No
204989102           Credit Credit Miscellaneous Credit Exception:   Provide the credit report and background check for the additional XXX the borrowing entity.   Reviewer Comment (2018-10-29): Documents provided
 7/XX/2018  11:32:05 AM     1 A 7/XX/2018 MD Investment Refinance - Rate/Term   C A C A     A A     No
204989103           Credit Credit Miscellaneous Credit Exception:   Per Lender's guidelines, minimum DSCR is [Redacted] the subject's DSCR is [Redacted]   Reviewer Comment (2018-10-29): Per guidelines, f the lease(s) agreement reflects higher rents than the 1007, the lease(s) amount may be used for gross rents if two months
proof of receipt is verified, not exceed 120% of market rent from 1007.
Grossed up rent is $ [Redacted] so the DSCR is 1.34%


Buyer Comment (2018-10-29): Actual rent payments are $ [Redacted], per guidelines we cannot exceed 120% of market rent- market rent is $ [Redacted] so we are using $ [Redacted]. Please see attached lease and canceled checks for proof of actual rent payments.


Reviewer Comment (2018-10-29): The lease for the subject property reflects $ [Redacted] but the 1007 rent schedule reflects $ [Redacted] which is what was used to calculate the DSCR.


Buyer Comment (2018-10-29): DSCR SUMMARY (Monthly)
Proposed P&I $xxx.xx
Property taxes $xxx.xx
HOI + Flood $xxx.xx
HOA $x.xx
Total PITIA $x,xxx.xx
Rent Payment $x,xxx.xx
DSCR x.xx%

DSCR is x.xx and within guidelines.
 7/XX/2018  9:23:16 PM     1 A 7/XX/2018 MD Investment Refinance - Rate/Term   C A C A     A A     No
204989105           Credit Assets Asset Documentation Insufficient funds for Reserves. Guidelines require ___, and verified reserves are ___.   DSCR 1.43

FICO 683

8.40 months reserves		 Reviewer Comment (2018-10-29): Client elects to waive guideline requirement
     8/XX/2018  8:38:29 AM 2 B 7/XX/2018 GA Investment Refinance - Rate/Term   C B C B     A A     No
204989106           Credit Loan Package Documentation Closing / Title Missing Document: Title Preliminary not provided   No title policy was located in file.   Reviewer Comment (2018-10-29): Document provided
 6/XX/2018  11:36:29 AM     1 A 5/XX/2018 CT Investment Refinance - Rate/Term   C B C B     A A     No
204989106           Credit Credit Credit Calculation / Analysis Guideline Issue:  Insufficient tradelines per credit guidelines   2 tradeline < 3 tradelines required. Per Lender's guidelines, 1 tradeline must be open and active for 24 months 2 reported within the past 12. The borrower does not have any open and active tradelines for 24 months. Authorized User Accounts cannot be counted. 1 tradeline >24 mo's and 1 tradeline >12 mo's on credit. Other VOM's provided. 744 FICO, highly experienced borrower, 1.82% DSCR, >100k in verified assets, 65% LTV. Reviewer Comment (2018-10-29): Client elects to waive guideline requirement


Buyer Comment (2018-10-29): [Redacted] approves exception. Compensating factors: Borrower has 1 tradeline >24 mo's and 1 tradeline >12 mo's on credit. Other VOM's provided.  [Redacted] FICO, highly experienced borrower, 1.82% DSCR, > [Redacted] in verified assets, 65% LTV.


Reviewer Comment (2018-10-29): In order for condition to waived down to an EVx, comp factors need to be provided.


Buyer Comment (2018-10-29): Exception granted
     6/XX/2018  2:12:07 PM 2 B 5/XX/2018 CT Investment Refinance - Rate/Term   C B C B     A A     No
204989106           Credit Credit Miscellaneous Credit Exception:   Provide the credit report and background check for the additional XXX the borrowing entity.   Reviewer Comment (2018-10-29): Not required. Operating agreement reflects guarantor owns xxx%


Buyer Comment (2018-10-29): Additional owner only has x% ownership interest. Not required to obtain credit/background. OFAC search provided.
 6/XX/2018  11:40:55 AM     1 A 5/XX/2018 CT Investment Refinance - Rate/Term   C B C B     A A     No
204989107           Credit Credit Miscellaneous Credit Exception:   Housing history reflects a [Redacted] and the guidelines do not allow lates in the last [Redacted] months.   Reviewer Comment (2018-10-29): Document provided


Reviewer Comment (2018-10-29): The LOE must be executed by the borrower.


Reviewer Comment (2018-10-29): Guidelines permit xxxxxxx subject to acceptable letter of explanation. Please provide LOE


Buyer Comment (2018-10-29): Guidelines permit x xx-day late mortgage payment in the last xx months.
 7/XX/2018  3:21:23 PM     1 A 6/XX/2018 SC Investment Refinance - Rate/Term   C A C A     A A     No
204989107           Credit Loan Package Documentation Application / Processing Missing Document: Mortgage Loan Payoff Statement not provided       Reviewer Comment (2018-10-29): Document provided


Buyer Comment (2018-10-29): Payoff
 7/XX/2018  10:14:52 AM     1 A 6/XX/2018 SC Investment Refinance - Rate/Term   C A C A     A A     No
204989109           Credit Missing Document General Missing Document: Verification of Non-US Citizen Status not provided   The applications for the borrowers reflect "Green Card". Does not specify borrower's are perm resident aliens. Guidelines require a copy of the borrowers VISA and employment authorization doc.   Reviewer Comment (2018-10-29): Permanent Resident Cards were provided.


Buyer Comment (2018-10-29): (Redacted)s uploaded, noting borrowers citizenship status is "Permanent Resident". (Redacted) is a document that confirms permanent residency.
 7/XX/2018  7:07:50 PM     1 A 6/XX/2018 FL Investment Purchase   C A C A     A A     No
204989109           Credit Credit Miscellaneous Credit Exception:   Max LTV for Non-Perm resident aliens is [Redacted] (The applications for the borrowers reflect "Green Card". Does not specify borrower's are perm resident aliens.)   Reviewer Comment (2018-10-29): Permanent Resident Cards were provided.


Buyer Comment (2018-10-29): (Redacted)s uploaded, noting borrowers citizenship status is "Permanent Resident". (Redacted) is a document that confirms permanent residency.
 7/XX/2018  7:08:10 PM     1 A 6/XX/2018 FL Investment Purchase   C A C A     A A     No
204989109           Credit Assets Asset Documentation Insufficient funds for Reserves. Guidelines require       Reviewer Comment (2018-10-29): The bank statement in file has additional savings on it with over  [Redacted] available.


Buyer Comment (2018-10-29): [Redacted] statement [Redacted] dated  [Redacted] (valid for 90 days) indicates $ [Redacted] available.


Buyer Comment (2018-10-29): [Redacted] statement  [Redacted] dated  [Redacted] (valid for 90 days) indicates $ [Redacted] available.
 7/XX/2018  7:12:01 PM     1 A 6/XX/2018 FL Investment Purchase   C A C A     A A     No
204989112           Credit System General Valuation address does not match Note address. Valuation Type: Appraisal / Valuation Report Date: [Redacted], Valuation Type: Desk Review / Valuation Report Date: [Redacted] City on Note does not match appraisal. [Redacted] on Note, [Redacted]on both the appraisal and desk review.   Reviewer Comment (2018-10-29): Documents provided


Buyer Comment (2018-10-29): desk review updated


Reviewer Comment (2018-10-29): Appraisal was updated need desk review to be updated as well.
 7/XX/2018  10:14:06 AM     1 A 6/XX/2018 OK Investment Purchase   C A C A     A A     No
204989112           Credit System General Insurance address does not match Note address.   Both the Insurance and Flood Cert have the city as [Redacted]. Note has [Redacted] as the city   Reviewer Comment (2018-10-29): Corrected Flood Cert was provided. Email from Insurance Agent suggest the city cannot be updated due to USPS.


Buyer Comment (2018-10-29): See email from agent stating template does not allow update due to USPS
 7/XX/2018  1:37:44 PM     1 A 6/XX/2018 OK Investment Purchase   C A C A     A A     No
204989113           Credit Loan Package Documentation Application / Processing Missing Document: Mortgage Loan Payoff Statement not provided       Reviewer Comment (2018-10-29): Documents received that property is F&C. No payoff


Buyer Comment (2018-10-29): Property owned Free & Clear per RealQuest and Title
 8/XX/2018  3:13:24 PM     1 A 7/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989113           Credit Assets Asset Documentation Aged document: Asset Account date is more than 90 days prior to the note. Financial Institution: [Redacted] / End Date: [Redacted] // Account Type: Funds from Business Account / Account Number: [Redacted] Asset Account Date: ___     Reviewer Comment (2018-10-29): Removed from assets. Guidelines allow use of cashout proceeds at 50%


Buyer Comment (2018-10-29): Bank statements were not required, per guidelines using 50% of cash out proceeds toward the reserve requirement
 8/XX/2018  4:04:05 PM     1 A 7/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989113           Credit Credit Miscellaneous Credit Exception:   Background checks for both Guarantor and Non-Guarantor are > 90 days old.   Reviewer Comment (2018-10-29): Documents provided
 8/XX/2018  3:14:08 PM     1 A 7/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989113           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2018-10-29): Document provided
 8/XX/2018  3:12:45 PM     1 A 7/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989115           Credit Loan Package Documentation Loan File Missing Document: Hazard Insurance Policy not provided       Reviewer Comment (2018-10-29): HOI policy was provided.
 7/XX/2018  2:12:21 PM     1 A 7/XX/2018 NC Investment Refinance - Cash-out - Other   C B C B     A A     No
204989115           Credit Credit Miscellaneous Credit Exception:   Per Guidelines, the minimum DSCR is [Redacted] and the subject's DSCR is [Redacted] LTV 55%, 130 months of reserves, experienced borrower Reviewer Comment (2018-10-29): Client elects to waived based on compensating factors
     7/XX/2018  2:12:54 PM 2 B 7/XX/2018 NC Investment Refinance - Cash-out - Other   C B C B     A A     No
204989115           Credit Credit Miscellaneous Credit Exception:   Per Guidelines, Rural properties are not allowed. LTV 55%, 130 months of reserves, experienced borrower Reviewer Comment (2018-10-29): Client elects to waived based on compensating factors
     7/XX/2018  2:13:02 PM 2 B 7/XX/2018 NC Investment Refinance - Cash-out - Other   C B C B     A A     No
204989115           Credit Loan Package Documentation Application / Processing Missing Document: Fraud Report not provided       Reviewer Comment (2018-10-29): Fraud Report was provided.


Reviewer Comment (2018-10-29): Credit report provided need Fraud report/background check
 7/XX/2018  9:27:53 PM     1 A 7/XX/2018 NC Investment Refinance - Cash-out - Other   C B C B     A A     No
204989119           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2018-10-29): Document provided
 7/XX/2018  12:43:03 PM     1 A 7/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989119           Credit Credit Miscellaneous Credit Exception:   Provide the credit report and background check for the additional owner   Reviewer Comment (2018-10-29): Documents provided
 7/XX/2018  12:43:56 PM     1 A 7/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989121           Credit Loan Package Documentation Application / Processing Missing Document: Certificate of Good Standing not provided   The COGS reflects that the business is NOT in good standing.   Reviewer Comment (2018-10-29): Document provided


Buyer Comment (2018-10-29): Document dated  [Redacted] reflects business is not in good standing.
Document dated  [Redacted] is Certificate from State of Maryland stating business IS in good standing.
Document dated  [Redacted] reflects business IS in good standing.
Please review


Reviewer Comment (2018-10-29): Please review original condition. COGS states not in good standing.
 8/XX/2018  12:46:09 PM     1 A 7/XX/2018 MD Investment Refinance - Cash-out - Other   C A C A     A A     No
204989121           Credit Assets Asset Documentation Assets Error: Usability  was not provided   Provide evidence borrowing entity or Guarantor has access to #[Redacted] under EWG, [Redacted].   Reviewer Comment (2018-10-29): Access letter provided
 8/XX/2018  2:51:11 PM     1 A 7/XX/2018 MD Investment Refinance - Cash-out - Other   C A C A     A A     No
204989123           Credit Loan Package Documentation Closing / Title Missing Document: Closing Protection Letter not provided   The CPL reflects insufficient loan amount coverage.   Reviewer Comment (2018-10-29): Document provided
 7/XX/2018  10:14:25 AM     1 A 7/XX/2018 MD Investment Refinance - Rate/Term   C A C A     A A     No
204989123           Credit Loan Package Documentation Application / Processing Missing Document: Operating Agreement not provided   Operating Agreement in file is not for our borrowing entity   Reviewer Comment (2018-10-29): Document not required. Guidelines state "if any". EIN reflects Sole Member.


Buyer Comment (2018-10-29): EIN listing Sole Mbr
 7/XX/2018  5:14:02 PM     1 A 7/XX/2018 MD Investment Refinance - Rate/Term   C A C A     A A     No
204989123           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.       Reviewer Comment (2018-10-29): Document provided
 7/XX/2018  5:16:19 PM     1 A 7/XX/2018 MD Investment Refinance - Rate/Term   C A C A     A A     No
204989124           Credit Loan Package Documentation Application / Processing Missing Document: Corporate Resolution not provided   The Unanimous Consent is not executed by the additional XXX the borrowing entity.   Reviewer Comment (2018-10-29): Document provided
 7/XX/2018  8:04:59 AM     1 A 7/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989127           Credit Loan Package Documentation Closing / Title Missing Document: Closing Protection Letter not provided   The CPL does not reflect the borrowing entity.   Reviewer Comment (2018-10-29): CPL for the borrowing entity was provided.
 7/XX/2018  7:02:11 PM     1 A 6/XX/2018 WA Investment Purchase   C B C B     A A     No
204989127           Credit Credit Miscellaneous Credit Exception:   Per lender's guidelines, minimum DSCR is [Redacted] (current DSCR is [Redacted]) 754 FICO

experienced investor

191 months in reserves		 Reviewer Comment (2018-10-29): Client elects to waived based on compensating factors
     7/XX/2018  11:20:58 AM 2 B 6/XX/2018 WA Investment Purchase   C B C B     A A     No
204989129           Credit Loan Package Documentation Closing / Title Missing Final HUD-1       Reviewer Comment (2018-10-29): Final HUD-1 was provided.
 7/XX/2018  5:51:41 PM     1 A 6/XX/2018 FL Investment Purchase   D A D A     A A     No
204989129           Credit Loan Package Documentation Application / Processing Missing Document: Operating Agreement not provided       Reviewer Comment (2018-10-29): Not required on (Redacted)


Buyer Comment (2018-10-29): Not required for (Redacted)
 7/XX/2018  6:32:01 PM     1 A 6/XX/2018 FL Investment Purchase   D A D A     A A     No
204989129           Credit Fix and Flip General Insufficient funds for Reserves.       Reviewer Comment (2018-10-29): Bank Statement was provided.


Buyer Comment (2018-10-29): Uploaded bank statement
 7/XX/2018  6:34:39 PM     1 A 6/XX/2018 FL Investment Purchase   D A D A     A A     No
204989129           Credit Assets Asset Documentation Missing Document: Asset Documentation not provided       Reviewer Comment (2018-10-29): Bank Statement was provided.


Buyer Comment (2018-10-29): Bank Statement
 7/XX/2018  6:36:31 PM     1 A 6/XX/2018 FL Investment Purchase   D A D A     A A     No
204989129           Credit System General Flood Certificate Subject Address does not match Note address.   Flood Cert reflects an address of [Redacted] vs. all other docs which reflect [Redacted]   Reviewer Comment (2018-10-29): Corrected Flood Cert was provided.


Buyer Comment (2018-10-29): Corrected flood cert
 7/XX/2018  6:37:24 PM     1 A 6/XX/2018 FL Investment Purchase   D A D A     A A     No
204989129           Credit Credit Miscellaneous Credit Exception:   Title Commitment is > [Redacted] days old.   Reviewer Comment (2018-10-29): Updated title was provided.


Buyer Comment (2018-10-29): [Redacted] with updated effective date suffices requirement.


Reviewer Comment (2018-10-29): Updated title commitment not found.
 7/XX/2018  10:32:16 AM     1 A 6/XX/2018 FL Investment Purchase   D A D A     A A     No
204989129           Credit Credit Miscellaneous Credit Exception:   A bank account access letter is required as there's another person on the bank statement.   Reviewer Comment (2018-10-29): Bank access letter was provided.
 7/XX/2018  11:18:11 AM     1 A 6/XX/2018 FL Investment Purchase   D A D A     A A     No
204989130           Credit Insurance Insurance Documentation Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.       Reviewer Comment (2018-10-29): Document provided.
 7/XX/2018  11:45:22 AM     1 A 7/XX/2018 MN Investment Purchase   C B C B     A A     No
204989130           Credit Loan Package Documentation Application / Processing Missing Document: Certificate of Good Standing not provided   Document is not dated. Must be within [Redacted] days of Note.   Reviewer Comment (2018-10-29): Document provided
 7/XX/2018  11:43:39 AM     1 A 7/XX/2018 MN Investment Purchase   C B C B     A A     No
204989130           Credit Credit Miscellaneous Credit Exception:   Provide the credit report and background check for the additional XXX the borrowing entity.   Reviewer Comment (2018-10-29): Documents provided
 7/XX/2018  11:45:47 AM     1 A 7/XX/2018 MN Investment Purchase   C B C B     A A     No
204989130           Credit Credit Miscellaneous Credit Exception:   Minimum DSCR is 1.15 for loan amounts between $[Redacted]K. Current DSCR is 0.89. > $82K cash available

Reserves > $23,000

Experienced Investor

FICO 676		 Reviewer Comment (2018-10-29): Client elects to waive guideline requirement


Buyer Comment (2018-10-29): updated compensating factors


Reviewer Comment (2018-10-29): Assets usable balance $ [Redacted] less cash to close $5 [Redacted]remaining for reserves. Exception form states borrower has $ [Redacted] in reserves which is not accurate. Please update exception form.


Buyer Comment (2018-10-29): Cash available in  [Redacted] retirement account: $1 [Redacted] (not including participant loan amount) X 60% = $ [Redacted]available


Reviewer Comment (2018-10-29): Please update the exception form with correct comp factors. Borrower does not have $ [Redacted] in reserves. Borrower has $ [Redacted] in reserves.


Buyer Comment (2018-10-29): Exception uploaded.
     8/XX/2018  2:54:03 PM 2 B 7/XX/2018 MN Investment Purchase   C B C B     A A     No
204989132           Credit Credit Miscellaneous Credit Exception:   Provide the credit report and background check for the additional [Redacted] owner.   Reviewer Comment (2018-10-29): Fraud report and credit report were provided.
 7/XX/2018  9:10:39 AM     1 A 6/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989132           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   1) Provide the LOE on cashout reason 2) Provide the access letter for use of business funds   Reviewer Comment (2018-10-29): LOE was provided for cash-out and an access letter is not required as the assets are in the business name
 7/XX/2018  9:09:47 AM     1 A 6/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989132           Credit Credit Miscellaneous Credit Exception:   Per lender's guidelines, minimum DSCR is [Redacted] (current DSCR is [Redacted])   Reviewer Comment (2018-10-29): The DSCR for this loan is x.xx% not x.xx%.


Buyer Comment (2018-10-29): Our DSCR Calculation verifies the DSCR here is x.xx. This is within guidelines.
Proposed P&I $x,xxx.xx
Property taxes $xxx.xx
HOI + Flood $xx.xx
HOA $x.xx
Total PITIA $x,xxx.xx
Rent Payment $x,xxx.xx
DSCR x.xx%
 7/XX/2018  12:56:08 PM     1 A 6/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989134           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance premium is missing from evidence of insurance.       Reviewer Comment (2018-10-29): Insurance Invoice with the premium amount was provided.
 7/XX/2018  9:13:17 AM     1 A 6/XX/2018 CT Investment Refinance - Cash-out - Other   C A C A     A A     No
204989134           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason.   Reviewer Comment (2018-10-29): Cash-out letter was provided.
 7/XX/2018  9:11:50 AM     1 A 6/XX/2018 CT Investment Refinance - Cash-out - Other   C A C A     A A     No
204989134           Credit System General Flood Certificate Subject Address does not match Note address.   Flood Cert reflects an address of [Redacted] vs all other docs which reflect [Redacted].   Reviewer Comment (2018-10-29): The correct address was added to the Flood Cert.
 7/XX/2018  9:13:54 AM     1 A 6/XX/2018 CT Investment Refinance - Cash-out - Other   C A C A     A A     No
204989135           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason.   Reviewer Comment (2018-10-29): Document provided
 8/XX/2018  6:52:16 PM     1 A 7/XX/2018 FL Investment Refinance - Cash-out - Other   C B C B     A A     No
204989135           Credit Credit Credit Eligibility Active Tradeline requirement not met. Credit Report: Original // Borrower: [Redacted] Borrower has ___ Active Tradelines which is less than the minimum required by guidelines. 3 tradelines per credit report. At least 1 tradelines should be active for the most recent 12 months along with an additional 2 tradelines required within 12 months. 70+ months in liquid reserves

Experienced borrower with several flips, four + current rental properties (2+owned F&C)

FICO 784		 Reviewer Comment (2018-10-29): Client elects to waive guideline requirement


Reviewer Comment (2018-10-29): Please update comp factors: Current reserves are $ [Redacted] and current DSCR is 1.88
     8/XX/2018  12:01:43 PM 2 B 7/XX/2018 FL Investment Refinance - Cash-out - Other   C B C B     A A     No
204989136           Credit Credit Miscellaneous Credit Exception:   Per lender's guidelines, minimum loan amount is $[Redacted]. 308 months of reserves

DSCR 1.46 (above min 1.30)		 Reviewer Comment (2018-10-29): Client elects to waived based on compensating factors
     7/XX/2018  11:23:19 AM 2 B 6/XX/2018 TX Investment Purchase   C B C B     A A     No
204989136           Credit Loan Package Documentation Application / Processing Missing Document: Operating Agreement not provided       Reviewer Comment (2018-10-29): Not required on Sole Ownership.


Buyer Comment (2018-10-29): See prior comments


Buyer Comment (2018-10-29): EIN shows Sole Mbr, OA not required


Buyer Comment (2018-10-29): EIN - Sole Mbr
 7/XX/2018  6:50:08 PM     1 A 6/XX/2018 TX Investment Purchase   C B C B     A A     No
204989138           Credit Credit Miscellaneous Credit Exception:   Provide the credit report and the background check for the additional XXX the borrowing entity.   Reviewer Comment (2018-10-29): Document provided
 7/XX/2018  3:47:52 PM     1 A 7/XX/2018 TX Investment Refinance - Cash-out - Other   C A C A     A A     No
204989138           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2018-10-29): Document provided
 7/XX/2018  3:47:44 PM     1 A 7/XX/2018 TX Investment Refinance - Cash-out - Other   C A C A     A A     No
204989139           Credit Loan Package Documentation Application / Processing Missing Document: Mortgage Loan Payoff Statement not provided       Reviewer Comment (2018-10-29): Mortgage Loan Payoff Statement was provided
 7/XX/2018  9:20:50 AM     1 A 6/XX/2018 CT Investment Refinance - Cash-out - Other   C A C A     A A     No
204989139           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance premium is missing from evidence of insurance.       Reviewer Comment (2018-10-29): Insurance Invoice with the premium amount was provided.
 7/XX/2018  9:21:13 AM     1 A 6/XX/2018 CT Investment Refinance - Cash-out - Other   C A C A     A A     No
204989139           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2018-10-29): Cash-out Letter was provided.
 7/XX/2018  9:21:28 AM     1 A 6/XX/2018 CT Investment Refinance - Cash-out - Other   C A C A     A A     No
204989139           Credit System General Flood Certificate Subject Address does not match Note address.   Flood Cert reflects an address of [Redacted] vs. all other documents which reflect [Redacted]   Reviewer Comment (2018-10-29): Flood Cert with updated address was provided.
 7/XX/2018  11:00:32 AM     1 A 6/XX/2018 CT Investment Refinance - Cash-out - Other   C A C A     A A     No
204989140           Credit Loan Package Documentation Application / Processing Missing Document: Articles of Organization/Formation not provided       Reviewer Comment (2018-10-29): Document provided


Buyer Comment (2018-10-29): Cert of Formation uploaded for review.
 7/XX/2018  5:08:18 PM     1 A 7/XX/2018 RI Investment Refinance - Cash-out - Other   C A C A     A A     No
204989140           Credit Loan Package Documentation Application / Processing Missing Document: Mortgage Loan Payoff Statement not provided       Reviewer Comment (2018-10-29): Document provided


Buyer Comment (2018-10-29): Payoff uploaded for review.
 7/XX/2018  5:08:39 PM     1 A 7/XX/2018 RI Investment Refinance - Cash-out - Other   C A C A     A A     No
204989140           Credit Loan Package Documentation Application / Processing Missing Document: Operating Agreement not provided       Reviewer Comment (2018-10-29): Document provided


Buyer Comment (2018-10-29): OA uploaded for review.
 7/XX/2018  5:08:01 PM     1 A 7/XX/2018 RI Investment Refinance - Cash-out - Other   C A C A     A A     No
204989140           Credit Insurance Insurance Documentation Flood Insurance Error: Insurance premium was not provided.       Reviewer Comment (2018-10-29): Document provided


Buyer Comment (2018-10-29): Flood insurance showing premium & updated mortgagee clause uploaded for review.
 7/XX/2018  5:09:08 PM     1 A 7/XX/2018 RI Investment Refinance - Cash-out - Other   C A C A     A A     No
204989140           Credit Loan Package Documentation Application / Processing Missing Document: Employer Identification Number (EIN) not provided       Reviewer Comment (2018-10-29): Document provided


Buyer Comment (2018-10-29): EIN uploaded for review
 7/XX/2018  5:07:22 PM     1 A 7/XX/2018 RI Investment Refinance - Cash-out - Other   C A C A     A A     No
204989140           Credit Assets Asset Documentation Assets Error: Usability  was not provided   Provide the source of the large deposit: $[Redacted]   Reviewer Comment (2018-10-29): Document provided


Buyer Comment (2018-10-29): HUD uploaded for review.
 7/XX/2018  12:59:25 PM     1 A 7/XX/2018 RI Investment Refinance - Cash-out - Other   C A C A     A A     No
204989140           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2018-10-29): Document provided


Buyer Comment (2018-10-29): LOE uploaded for review.
 7/XX/2018  5:07:12 PM     1 A 7/XX/2018 RI Investment Refinance - Cash-out - Other   C A C A     A A     No
204989140           Credit Credit Miscellaneous Credit Exception:   The current title policy in file does not reflect a vested owner.   Reviewer Comment (2018-10-29): [Redacted] reflects mortgage holder and appraisal reflects XXX record as borrowing entity.


Buyer Comment (2018-10-29): [Redacted] as the owner.
 7/XX/2018  5:12:30 PM     1 A 7/XX/2018 RI Investment Refinance - Cash-out - Other   C A C A     A A     No
204989143           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance premium is missing from evidence of insurance.       Reviewer Comment (2018-10-29): Document provided


Buyer Comment (2018-10-29): EOI with annual premium
 8/XX/2018  2:12:00 PM     1 A 7/XX/2018 VA Investment Refinance - Cash-out - Other   C A C A     A A     No
204989143           Credit Credit Miscellaneous Credit Exception:   Per lender's guidelines, minimum DSCR is [Redacted] when loan amoun is <$[Redacted]. Current DSCR is [Redacted]   Reviewer Comment (2018-10-29): Condition no longer applies. 12 month lease in file. Actual rents can be used per guidelines.


Buyer Comment (2018-10-29): Using actual rent payments ($ [Redacted]) - verified through Section 8 letter and bank statements  [Redacted]
$ [Redacted] Total PITIA = 1.33%
 8/XX/2018  1:01:59 PM     1 A 7/XX/2018 VA Investment Refinance - Cash-out - Other   C A C A     A A     No
204989144           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2018-10-29): Document provided


Buyer Comment (2018-10-29): LOE cash out
 7/XX/2018  5:43:01 PM     1 A 7/XX/2018 TX Investment Refinance - Cash-out - Other   C A C A     A A     No
204989148           Credit Loan Package Documentation Application / Processing Missing Document: Certificate of Good Standing not provided       Reviewer Comment (2018-10-29): Document provided


Reviewer Comment (2018-10-29): Per lender's guidelines, states a COGs is required. Lender can consider waiving.


Buyer Comment (2018-10-29): Certificate of Good Standing not required. Entity was formed less than 30 days prior to closing.
 7/XX/2018  3:22:03 PM     1 A 7/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
204989148           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2018-10-29): Document provided


Buyer Comment (2018-10-29): Cash Out LOE
 7/XX/2018  5:14:23 PM     1 A 7/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
204989150           Credit Loan Package Documentation Closing / Title Missing Document: Closing Protection Letter not provided   The CPL is not in the name of the borrowing entity.   Reviewer Comment (2018-10-29): Document provided


Buyer Comment (2018-10-29): updated CPL


Reviewer Comment (2018-10-29): Please review the original condition. The CPL is not in the name of the  borrowing entity.
 8/XX/2018  4:12:39 PM     1 A 7/XX/2018 TX Investment Refinance - Cash-out - Other   C A C A     A A     No
204989154           Credit Credit Miscellaneous Credit Exception:   Minimum loan amount is $[Redacted] DSCR 2.18, FICO 706, Strong Repeat Borrower Reviewer Comment (2018-10-29): Client elects to waive guideline requirement
     7/XX/2018  1:49:25 PM 2 B 7/XX/2018 PA Investment Refinance - Cash-out - Other   C B C B     A A     No
204989155           Credit Credit AUS Discrepancy / Guidelines Discrepancy Loan amounts less than $75,000 are not permitted according to the guidelines   Lender exception in file, however comp factors are incorrect. Correct DSCR is [Redacted] (not [Redacted]). Lender to update comp factor and resubmit. FICO 706, DSCR 1.77, strong repeat borrower Reviewer Comment (2018-10-29): Client elects to waive guideline requirement
     8/XX/2018  1:26:17 PM 2 B 7/XX/2018 PA Investment Refinance - Cash-out - Other   C B C B     A A     No
204989156           Credit Loan Package Documentation Closing / Title Missing Document: Closing Protection Letter not provided   The CPL is not in the name of the [Redacted]   Reviewer Comment (2018-10-29): Document provided


Reviewer Comment (2018-10-29): Please review original condition. The CPL is not in the name of the XXX
 7/XX/2018  2:42:46 PM     1 A 7/XX/2018 NE Investment Purchase   C A C A     A A     No
204989156           Credit Credit Miscellaneous Credit Exception:   Minimum DSCR is 1.25 when loan amount is < $[Redacted]. Current DSCR is 1.20   Reviewer Comment (2018-10-29): Reviewer entered in taxes incorrectly. DSCR is > x.xx. Condition no longer applies.


Buyer Comment (2018-10-29): Please see calculation for DSCR. DSCR is above minimum x.xx.

Proposed P&I $xxx.xx
Property taxes $xxx.xx
HOI + Flood $xx.xx
HOA $x.xx
Total PITIA $xxx.xx
Rent Payment $x,xxx.xx
DSCR x.xx%
 7/XX/2018  11:32:33 AM     1 A 7/XX/2018 NE Investment Purchase   C A C A     A A     No
204989156           Credit Loan Package Documentation Application / Processing Missing Document: Employer Identification Number (EIN) not provided       Reviewer Comment (2018-10-29): Document provided
 7/XX/2018  11:28:13 AM     1 A 7/XX/2018 NE Investment Purchase   C A C A     A A     No
204989157           Credit Credit Miscellaneous Credit Exception:   Minimum DSCR is 1.15 for loan amounts between $[Redacted]. Current DSCR is 1.07. Reserves 18 months

Rate increased by .5 for low DSCR, Property is Rented

FICO 715		 Reviewer Comment (2018-10-29): Client elects to waive guideline requirement


Buyer Comment (2018-10-29): Please see attached updated exception


Reviewer Comment (2018-10-29): Please review comments from [Redacted]: Please update comp factor on exception form. Borrower has 18.30 months reserves (not 19 months)


Reviewer Comment (2018-10-29): Please update comp factor on exception form. Borrower has 18.30 months reserves (not 19 months)
     7/XX/2018  3:23:12 PM 2 B 7/XX/2018 TX Investment Refinance - Cash-out - Other   D B D B     A A     No
204989157           Credit Loan Package Documentation Application / Processing Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided   Provide the deed transferring the property from the Guarantor to the [Redacted] prior to close.   Reviewer Comment (2018-10-29): Document provided


Buyer Comment (2018-10-29): Deed uploaded showing transfer of ownership from [Redacted] personally toL [Redacted] at closing. This is permissible per lender's guidelines.
 7/XX/2018  4:26:30 PM     1 A 7/XX/2018 TX Investment Refinance - Cash-out - Other   D B D B     A A     No
204989158           Credit Credit Miscellaneous Credit Exception:   Provide the credit report and background check for the additional owners of the borrowing entity. ([Redacted] owners with [Redacted]% ownership)   Reviewer Comment (2018-10-29): Documents provided


Buyer Comment (2018-10-29): Credit -  [Redacted]


Buyer Comment (2018-10-29): BR -  [Redacted]


Buyer Comment (2018-10-29): Credit - [Redacted]
 7/XX/2018  2:50:28 PM     1 A 7/XX/2018 FL Investment Purchase   C A C A     A A     No
204989158           Credit Loan Package Documentation Application / Processing Missing Document: Corporate Resolution not provided   Unanimous Consent is not signed by additional entity owners. [Redacted] owners with [Redacted]% ownership)   Reviewer Comment (2018-10-29): Document provided


Buyer Comment (2018-10-29): Signed in part - see page 4 for additional signatures
 7/XX/2018  2:50:44 PM     1 A 7/XX/2018 FL Investment Purchase   C A C A     A A     No
204989159           Credit Assets Asset Documentation Insufficient funds for Reserves. Guidelines require       Reviewer Comment (2018-10-29): Documents provided


Buyer Comment (2018-10-29): Cash Out from another transaction the same day.
 8/XX/2018  10:46:44 AM     1 A 7/XX/2018 TX Investment Refinance - Rate/Term   C B C B     A A     No
204989159           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance premium is missing from evidence of insurance.       Reviewer Comment (2018-10-29): Invoice provided.
 7/XX/2018  2:36:03 PM     1 A 7/XX/2018 TX Investment Refinance - Rate/Term   C B C B     A A     No
204989159           Credit Credit Miscellaneous Credit Exception:   Additional XXX the borrowing entity does not meet the [Redacted] FICO requirement Strong repeat clients, primary guarantor has strong credit, non-guarantor only 8 points below updated minimum Reviewer Comment (2018-10-29): Client elects to waive guideline requirement
     8/XX/2018  10:45:30 AM 2 B 7/XX/2018 TX Investment Refinance - Rate/Term   C B C B     A A     No
204989162           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.       Reviewer Comment (2018-10-29): Document provided
 8/XX/2018  2:38:14 PM     1 A 7/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989162           Credit Collateral Missing/Incorrect Collateral report shows issues with Note.   Missing [Redacted].   Reviewer Comment (2018-10-29): Estimated and Actual rents on appraisal . Pg 150


Buyer Comment (2018-10-29): We do not use a 1007. See application in file from page 386-397.
 8/XX/2018  9:20:24 AM     1 A 7/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989162           Credit System General Insurance address does not match Note address.   Insurance address reflects[Redacted] vs. all other documents which reflect [Redacted]   Reviewer Comment (2018-10-29): Document provided
 8/XX/2018  2:37:51 PM     1 A 7/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989162           Credit System General Flood Certificate Subject Address does not match Note address.   Insurance address reflects [Redacted] vs. all other documents which reflect [Redacted]   Reviewer Comment (2018-10-29): Document provided
 8/XX/2018  9:18:09 AM     1 A 7/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989163           Credit Loan Package Documentation Application / Processing Missing Document: Corporate Resolution not provided   The document is not executed by the additional XXX the borrowing entity.   Reviewer Comment (2018-10-29): Document provided


Reviewer Comment (2018-10-29): The Unanimous Consent is not signed by the additional XXX the  borrowing entity


Buyer Comment (2018-10-29): Please provide additional information. All entity docs have been signed by both borrowers.
 8/XX/2018  4:12:00 PM     1 A 7/XX/2018 FL Investment Purchase   C A C A     A A     No
204989164           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2018-10-29): Loan Approval provided.  Exception cleared.


Buyer Comment (2018-10-29): Approval attached


Buyer Comment (2018-10-29): Approval
 9/XX/2018  10:33:57 AM     1 A 7/XX/2018 CA Investment Purchase   C A C A A A C A N/A N/A No
204989164           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.   Valuation conducted five months after start date and disaster fully contained. Property does not have damage related to the event   Reviewer Comment (2018-10-29): Valuation conducted five months after start date and disaster fully contained. Property does not have damage related to the event.
 8/XX/2018  5:26:48 PM     1 A 7/XX/2018 CA Investment Purchase   C A C A A A C A N/A N/A No
204989164           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.   Client will order a secondary valuation at the time of securitization.   Reviewer Comment (2018-11-23): Received desk reveiw


Reviewer Comment (2018-10-29): Loan approval indicates second appraisal was completed.


Buyer Comment (2018-10-29): AVM


Buyer Comment (2018-10-29): AVM is attached
 11/XX/2018  10:39:50 AM     1 A 7/XX/2018 CA Investment Purchase   C A C A A A C A N/A N/A No
204989164           Compliance Compliance Federal Compliance 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. (Final[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total [Redacted], while closing CD seller's fees total [Redacted].   Reviewer Comment (2018-12-26): Reran Compliance
 12/XX/2018  8:55:22 AM     1 A 7/XX/2018 CA Investment Purchase Letter of Explanation & Corrected Closing Disclosure C A C A A A C A N/A N/A Yes
204989164           Credit Missing Document General Missing Document: Field Review not provided   Missing field review or CDA required for loan amounts between [Redacted] and [Redacted].   Reviewer Comment (2018-12-06): Rec'd desk review dated xx/xx/xx.


Reviewer Comment (2018-10-29): Bank Statement Program Guidelines indicate field review or CDA is required for loan amounts $x,xxx,xxx - $x,xxx,xxx.  Additionally, loan approval condition #xx required xxxx/xxx forms for both appraisals.  Exception not cleared.


Buyer Comment (2018-10-29): Desk/Field Reviews XXX't required if the loan amount isn't over x.x million - Waive
 12/XX/2018  2:14:17 PM     1 A 7/XX/2018 CA Investment Purchase   C A C A A A C A N/A N/A No
204989164           Credit Credit Miscellaneous Credit Exception:   Missing Rate Lock   Reviewer Comment (2018-10-29): Rate Lock provided.  Exception cleared.


Buyer Comment (2018-10-29): Rate Lock attached


Buyer Comment (2018-10-29): Rate Lock
 9/XX/2018  10:34:23 AM     1 A 7/XX/2018 CA Investment Purchase   C A C A A A C A N/A N/A No
204989164           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.       Reviewer Comment (2018-12-13): Updated end date.  See new exception.
 12/XX/2018  7:51:06 AM     1 A 7/XX/2018 CA Investment Purchase   C A C A A A C A N/A N/A No
204989164           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.   Please provide PDI dated after [Redacted]   Reviewer Comment (2018-12-26): Received Catastrophic Disaster Area Property Inspection Report dated xx/xx/xxxx
 12/XX/2018  8:54:23 AM     1 A 7/XX/2018 CA Investment Purchase   C A C A A A C A N/A N/A No
204989165           Credit Credit Miscellaneous Credit Exception:   Additional owners does not meet the minimum[Redacted] FICO requirement Experienced Borrowers, Guarantor FICO 757 Reviewer Comment (2018-10-29): Client elects to waive guideline requirement
     8/XX/2018  10:28:38 AM 2 B 7/XX/2018 TX Investment Refinance - Rate/Term   C B C B     A A     No
204989166           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2018-10-29): Document provided
 8/XX/2018  6:52:46 PM     1 A 7/XX/2018 IL Investment Refinance - Cash-out - Other   C A C A     A A     No
204989167           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2018-10-29): Document provided
 8/XX/2018  6:53:18 PM     1 A 7/XX/2018 NC Investment Refinance - Cash-out - Other   C A C A     A A     No
204989168           Credit Loan Package Documentation Application / Processing Missing Document: Employer Identification Number (EIN) not provided       Reviewer Comment (2018-10-29): Document provided
 8/XX/2018  12:41:21 PM     1 A 7/XX/2018 GA Investment Purchase   C A C A     A A     No
204989168           Credit Fix and Flip General Borrower has been convicted of fraud/misrepresentation or felony.  Borrower is ineligible. Credit Report: Original // Borrower: [Redacted] Guarantor has a felony charge on background report   Reviewer Comment (2018-10-29): Per lender, not our borrowers felony.


Buyer Comment (2018-10-29): The felony charge is not against our borrower. Please see mugshot of convicted individual vs. our borrower's DL attached.
 8/XX/2018  12:51:08 PM     1 A 7/XX/2018 GA Investment Purchase   C A C A     A A     No
204989169           Credit Loan Package Documentation Application / Processing Missing Document: Certificate of Good Standing not provided   COGS > 120days old   Reviewer Comment (2018-10-29): Document provided
 8/XX/2018  12:38:26 PM     1 A 7/XX/2018 VA Investment Refinance - Cash-out - Other   C A C A     A A     No
204989169           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason.   Reviewer Comment (2018-10-29): Document provided
 8/XX/2018  12:38:33 PM     1 A 7/XX/2018 VA Investment Refinance - Cash-out - Other   C A C A     A A     No
204989170           Credit Loan Package Documentation Application / Processing Missing Document: Mortgage Loan Payoff Statement not provided       Reviewer Comment (2018-10-29): Document provided
 8/XX/2018  3:58:30 PM     1 A 7/XX/2018 OH Investment Refinance - Rate/Term   C A C A     A A     No
204989170           Credit Fix and Flip General Verification of Borrower's identity is missing. Borrower: [Redacted]     Reviewer Comment (2018-10-29): Document provided
 8/XX/2018  3:58:44 PM     1 A 7/XX/2018 OH Investment Refinance - Rate/Term   C A C A     A A     No
204989170           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance premium is missing from evidence of insurance.       Reviewer Comment (2018-10-29): Document provided
 8/XX/2018  3:58:14 PM     1 A 7/XX/2018 OH Investment Refinance - Rate/Term   C A C A     A A     No
204989170           Credit Loan Package Documentation Application / Processing Missing Document: Certificate of Good Standing not provided   COGS > 120days old   Reviewer Comment (2018-10-29): Document provided
 8/XX/2018  3:57:58 PM     1 A 7/XX/2018 OH Investment Refinance - Rate/Term   C A C A     A A     No
204989170           Credit Assets Asset Documentation Assets Error: Usability  was not provided   Provide evidence of ownership in [Redacted]   Reviewer Comment (2018-10-29): Removed assets # [Redacted].


Buyer Comment (2018-10-29): Only assets provided are located at  [Redacted]. XXX the account is the borrowing entity  [Redacted].


Reviewer Comment (2018-10-29): Document provided is a property management agreement between the borrowing entity and  [Redacted]. Assets are being used to qualify from this business. Please provide evidence Guarantors or borrowing entity has ownership in this business.
 8/XX/2018  4:36:52 PM     1 A 7/XX/2018 OH Investment Refinance - Rate/Term   C A C A     A A     No
204989170           Credit Credit Miscellaneous Credit Exception:   Per lender's guidelines, minimum DSCR is 1.25 when loan amount is [Redacted] (Current DSCR 1.23)   Reviewer Comment (2018-10-29): Per guidelines, ok to use actual rents if property is leased.


Buyer Comment (2018-10-29): DSCR is 1.47%. See DSCR calculation on  [Redacted].
 8/XX/2018  4:01:07 PM     1 A 7/XX/2018 OH Investment Refinance - Rate/Term   C A C A     A A     No
204989174           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2018-11-23): Approval provided


Buyer Comment (2018-10-29): Approval attached


Buyer Comment (2018-10-29): Approval
 11/XX/2018  10:45:55 AM     1 A 7/XX/2018 AZ Second Home Purchase   C B C B C A C A Non QM Non QM No
204989174           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.   Client will order a secondary valuation at the time of securitization.   Reviewer Comment (2018-11-23): Received Desk Review


Buyer Comment (2018-10-29): loan amount is under $xxx,xxx and LTV is under xx% therefore this is not required per guidelines


Reviewer Comment (2018-10-29): AVM provided.  An AVM is insufficient for a secondary valuation product for securitization.  Exception not cleared.


Buyer Comment (2018-10-29): AVM attached


Buyer Comment (2018-10-29): AVM
 11/XX/2018  10:45:10 AM     1 A 7/XX/2018 AZ Second Home Purchase   C B C B C A C A Non QM Non QM No
204989174           Compliance Compliance Federal Compliance Disparity in Occupancy The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence.  (Compliance testing performed based on [Redacted]e) The declarations section of the initial and final [Redacted] indicate the borrowers intend to occupy the property as their primary residence.   Reviewer Comment (2018-12-31): Received revised xxxx in Trailing documents
 12/XX/2018  1:44:11 PM     1 A 7/XX/2018 AZ Second Home Purchase   C B C B C A C A Non QM Non QM No
204989174           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Collections / Balance: [Redacted], Credit Report: Original // Public Record Type: Collections / Balance: [Redacted], Credit Report: Original // Public Record Type: Collections / Balance:[Redacted]     Buyer Comment (2018-10-29): Collection/Charge Offs between xk and xk are underwriter discretion, anything under xk doesn't need to be addressed. Medical collections no matter the amount will never need to be addressed. Public Records are underwriter discretion.
     8/XX/2018  5:07:09 PM 2 B 7/XX/2018 AZ Second Home Purchase   C B C B C A C A Non QM Non QM No
204989174           Compliance Compliance Federal Compliance 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. Application dated [Redacted].  Earliest disclosures dated [Redacted].   Reviewer Comment (2018-12-31): Received LE dated xx/xx/xxxx


Reviewer Comment (2018-12-31): The initial application is dated xx/xx/xxxx however the first LE is dated xx/xx/xxxx.
 12/XX/2018  1:50:31 PM     1 A 7/XX/2018 AZ Second Home Purchase   C B C B C A C A Non QM Non QM Yes
204989174           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2019-01-07): Attestation approved by (Redacted) in file.


Reviewer Comment (2018-10-29): Anti-steering disclosure provided.  Needed LO Compensation disclosure.  Exception not cleared.


Buyer Comment (2018-10-29): Anti Steering Disclosure attached addressing LO Comp
 1/XX/2019  5:28:39 PM     1 A 7/XX/2018 AZ Second Home Purchase   C B C B C A C A Non QM Non QM No
204989174           Compliance Compliance Federal Compliance TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. Application dated [Redacted].  Earliest disclosures dated [Redacted].   Reviewer Comment (2018-12-31): Received LE dated xx/xx/xxxx
 12/XX/2018  1:50:31 PM     1 A 7/XX/2018 AZ Second Home Purchase   C B C B C A C A Non QM Non QM Yes
204989174           Compliance Compliance Federal Compliance 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 three (3) business days of application. Application dated [Redacted].  Earliest disclosures dated [Redacted].   Reviewer Comment (2019-01-14): Dates were incorrect.
 1/XX/2019  3:44:45 PM     1 A 7/XX/2018 AZ Second Home Purchase   C B C B C A C A Non QM Non QM No
204989174           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Timing Truth in Lending Act (2015): Creditor or broker did not provide the Home Loan Toolkit Disclosure to applicant within 3 business days of application. Application dated [Redacted].  Earliest disclosures dated [Redacted].   Reviewer Comment (2019-01-14): Dates were incorrect.
 1/XX/2019  3:44:45 PM     1 A 7/XX/2018 AZ Second Home Purchase No Defined Cure C B C B C A C A Non QM Non QM No
204989174           Compliance Compliance Federal Compliance TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (Initial/[Redacted]) Application dated [Redacted].  Earliest disclosures dated [Redacted].   Reviewer Comment (2018-12-31): Received LE dated xx/xx/xxxx
 12/XX/2018  1:50:31 PM     1 A 7/XX/2018 AZ Second Home Purchase No Defined Cure C B C B C A C A Non QM Non QM No
204989174           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The seller's CD reflects [Redacted] whereas the borrower's CD reflects [Redacted].   Reviewer Comment (2018-12-31): Received LE dated xx/xx/xxxx
 12/XX/2018  1:50:31 PM     1 A 7/XX/2018 AZ Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C A C A Non QM Non QM Yes
204989174           Compliance Compliance Federal Compliance TRID Service Provider Timing TILA-RESPA Integrated Disclosure: Borrower did not receive a list of service providers within 3 business days of application. Application dated [Redacted].  Earliest disclosures dated [Redacted].   Reviewer Comment (2019-01-14): Dates were incorrect.
 1/XX/2019  3:44:45 PM     1 A 7/XX/2018 AZ Second Home Purchase No Defined Cure C B C B C A C A Non QM Non QM No
204989174           Credit Credit Miscellaneous Credit Exception:   Missing rate lock.   Reviewer Comment (2019-01-14): Rate lock provided.


Buyer Comment (2018-10-29): Rate Lock attached


Buyer Comment (2018-10-29): Rate Lock
 1/XX/2019  3:52:56 PM     1 A 7/XX/2018 AZ Second Home Purchase   C B C B C A C A Non QM Non QM No
204989174           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) New exception upon receipt of LE dated [Redacted]   Reviewer Comment (2019-01-14): Dates were incorrect.
 1/XX/2019  3:44:45 PM     1 A 7/XX/2018 AZ Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C A C A Non QM Non QM Yes
204989174           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. New exception upon receipt of LE dated [Redacted]   Reviewer Comment (2019-01-14): Dates were incorrect.
 1/XX/2019  3:44:45 PM     1 A 7/XX/2018 AZ 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 B C A C A Non QM Non QM Yes
204989174           Compliance Compliance Federal Compliance Check Restated Loan Designation Match - General Ability to Repay Ability to Repay (Dodd-Frank 2014): The initial Loan Designation provided did not match.  However, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM. The final [Redacted] indicates that the borrowers intend to occupy the property as their primary residence however, the transaction was done as a second home.   Reviewer Comment (2019-01-14): Updated final 1003 shows this to be corrected.
 1/XX/2019  3:51:55 PM     1 A 7/XX/2018 AZ Second Home Purchase   C B C B C A C A Non QM Non QM No
204989176           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   Missing lender's [Redacted].   Reviewer Comment (2018-12-12): Rec'd initial 1003.


Seller Comment (2018-12-10): uploaded
 12/XX/2018  6:58:50 AM     1 A 7/XX/2018 CA Second Home Purchase   C A C A B A C A Non QM Non QM No
204989176           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Missing approval.   Reviewer Comment (2018-12-12): Rec'd loan approval.
 12/XX/2018  6:58:58 AM     1 A 7/XX/2018 CA Second Home Purchase   C A C A B A C A Non QM Non QM No
204989176           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.   Client will order a secondary valuation at the time of securitization.   Reviewer Comment (2018-11-23): Received desk review
 11/XX/2018  10:50:41 AM     1 A 7/XX/2018 CA Second Home Purchase   C A C A B A C A Non QM Non QM No
204989176           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.   Valuation conducted five months after start date and disaster fully contained. Property does not have damage related to the event   Reviewer Comment (2018-10-29): Valuation conducted five months after start date and disaster fully contained. Property does not have damage related to the event
 8/XX/2018  5:12:57 PM     1 A 7/XX/2018 CA Second Home Purchase   C A C A B A C A Non QM Non QM No
204989176           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2019-01-04): Attestation approved by (Redacted) in file.


Reviewer Comment (2018-12-12): Please provide copy of broker agreement, unable to locate in file.


Seller Comment (2018-12-10): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 01/04/2019     1 A 7/XX/2018 CA Second Home Purchase   C A C A B A C A Non QM Non QM No
204989176           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The seller's CD reflects [Redacted] whereas the borrower's CD reflects [Redacted].   Reviewer Comment (2019-01-04): Ok per client.
 01/04/2019     1 A 7/XX/2018 CA Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C A C A B A C A Non QM Non QM Yes
204989176           Credit Credit Miscellaneous Credit Exception:   Missing rate lock.   Reviewer Comment (2018-12-12): rec'd rate lock.
 12/XX/2018  6:59:09 AM     1 A 7/XX/2018 CA Second Home Purchase   C A C A B A C A Non QM Non QM No
204989180           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. Missing evidence of the borrower's electronic consent.   Reviewer Comment (2018-10-29): Seller provided the e-consent dated  [Redacted]
 4/XX/2018  4:33:07 PM     1 A 4/XX/2018 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204989180           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Cure for 10% tolerance violation ($135.50), (Title - Electronic Document Delivery) of ($75.00) and (Title - Notary Fee) of ($150.00) was not provided.   Reviewer Comment (2018-10-29): Seller provided copy of refund check, PCCD, LOX and shipping label.


Reviewer Comment (2018-10-29): Seller provided copy of refund check, PCCD, and shipping label. Missing the LOX. Exception remains.
   4/XX/2018  3:22:35 PM   2 B 4/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989180           Compliance Compliance Federal Compliance 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 10% or $[Redacted].  Insufficient or no cure was provided to the borrower. (0) [Redacted] violation due to increase in (fees).  No evidence of cure.   Reviewer Comment (2018-10-29): Seller provided copy of refund check, PCCD, LOX and shipping label.


Reviewer Comment (2018-10-29): Seller provided copy of refund check, PCCD, and shipping label. Missing the LOX. Exception remains.


Reviewer Comment (2018-10-29): COC dated  [Redacted] for change in settlement fee is not valid as reason for increase in recording fee as additional unanticipated documents. Title commitment in file dated  [Redacted] prior to application date  [Redacted] All items to be recorded should have been identified. Please provide additional evidence for consideration. Exception remains.
   4/XX/2018  3:22:24 PM   2 B 4/XX/2018 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 B C B A A Non QM Non QM Yes
204989180           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Electronic Document Delivery Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Fee was not disclosed on Loan Estimate.   Reviewer Comment (2018-10-29): Seller provided copy of refund check, PCCD, LOX and shipping label.


Reviewer Comment (2018-10-29): Seller provided copy of refund check, PCCD, and shipping label. Missing the LOX. Exception remains.
   4/XX/2018  3:22:13 PM   2 B 4/XX/2018 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 B C B A A Non QM Non QM Yes
204989180           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Notary Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Fee was not disclosed on Loan Estimate.   Reviewer Comment (2018-10-29): Seller provided copy of refund check, PCCD, LOX and shipping label.


Reviewer Comment (2018-10-29): Seller provided copy of refund check, PCCD, and shipping label. Missing the LOX. Exception remains.
   4/XX/2018  3:22:03 PM   2 B 4/XX/2018 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 B C B A A Non QM Non QM Yes
204989180           Credit Credit Credit Documentation Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Please provide VOR for current residence per Final [Redacted] supporting maximum [Redacted].   Reviewer Comment (2018-10-29): Seller provided LOX rent free letter.


Reviewer Comment (2018-10-29): No document provided. Exception remains.
 4/XX/2018  3:19:59 PM     1 A 4/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204989180           Credit Guideline Guideline Issue The borrower is self-employed.  Guidelines require either a tax professional letter or regulatory agency verifying at least 2 years of self-employment along with either a phone listing and/or business address using directory assistance or internet search to be in file.   Lender approved exception to allow Borrower is the [Redacted]. Borrower is self-employed for 14 months vs program requirement of 24 months. Reserves are 78 months, 75 months > program requirement of 3 months

DTI is 36.62137%, 23.37863% < program maximum of 50%

Borrower in the same line of work for 20 years prior to becoming self-employed

Credit score is 742, 82 points > program requirement of 660

LTV is 80%, 5% < program maximum of 85%		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     4/XX/2018  12:55:55 PM 2 B 4/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204989180           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The Borrower's Final CD reflected seller paid fees of $0; the Seller CD reflected $[Redacted].   Seller paid fees were added to the Borrower's Final CD.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     4/XX/2018  4:30:33 PM 2 B 4/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989180           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.80830% or Final Disclosure APR of 6.84900% is in excess of allowable threshold of APOR 4.44% + 1.5%, or 5.94000%.  Compliant Higher Priced Mortgage Loan. Verified that all fee information has been entered correctly.   Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     4/XX/2018  12:56:15 PM 1 A 4/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204989180           Compliance Compliance Federal Compliance TRID Service Provider - Compliant TILA-RESPA Integrated Disclosure: Settlement Service Provider List did not provide at least one available provider for each settlement service borrower is entitled to shop for or inform borrower they may choose different provider from list. The SSPL provided in the file does not reflect an available provider for any Title and Closing Services, Survey or other typical services required in the market.  The SSPL incorrectly indicates that the Borrower may shop for Credit, Flood, Tax Service and Appraisal services and does not correspond to the LE issued by the Lender, which reflects that the services may not be selected by the borrower.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     4/XX/2018  4:30:59 PM 2 B 4/XX/2018 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204989189           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.   Client will order a secondary valuation at the time of securitization.   Reviewer Comment (2018-12-31): Rec'd desk review in trailing docs.


Reviewer Comment (2018-11-18): To remain open as EV2.


Reviewer Comment (2018-10-29): Secondary valuation is a requirement for securitization. Exception is EVx informational.


Buyer Comment (2018-10-29): per guidelines only an AVM is needed unless the LTV is xx% or greater and/or loan amount is xmm to x.xmm


Reviewer Comment (2018-10-29): AVM provided.  An AVM is insufficient for a secondary valuation product for securitization.  Exception not cleared.


Buyer Comment (2018-10-29): AVM attached
 12/XX/2018  2:37:17 PM     1 A 7/XX/2018 CA Primary Purchase   C B C B C B C A Non QM Non QM No
204989189           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2018-10-29): Loan Approval provided.  Exception cleared.


Buyer Comment (2018-10-29): Approval attached
 9/XX/2018  3:35:19 PM     1 A 7/XX/2018 CA Primary Purchase   C B C B C B C A Non QM Non QM No
204989189           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. 1008 reflects DTI >50%. PITIA reserves above minimum by 6 months or greater Reviewer Comment (2018-10-29): Credit exception approval provided for DTI to xx%


Buyer Comment (2018-10-29): Exceptixon attached


Reviewer Comment (2018-10-29): Please provide signed exception.


Buyer Comment (2018-10-29): Income worksheet attached with the DTI exception noted
     9/XX/2018  5:36:07 PM 2 B 7/XX/2018 CA Primary Purchase   C B C B C B C A Non QM Non QM No
204989189           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing LO compensation disclosure.   Reviewer Comment (2019-01-04): Attestation approved by (Redacted) in file.


Reviewer Comment (2018-12-31): Unable to locate broker agreement in file.  Please provide.


Seller Comment (2018-12-10): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction


Reviewer Comment (2018-10-29): Anti-steering disclosure provided.  Needed LO Compensation disclosure.  Exception not cleared.


Buyer Comment (2018-10-29): Anti Steering Disclosure attached addressing LO Comp
 01/04/2019     1 A 7/XX/2018 CA Primary Purchase   C B C B C B C A Non QM Non QM No
204989189           Compliance Compliance Federal Compliance 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 Risk. DTI   Reviewer Comment (2018-10-29): Credit exception approval to allow DTI to xx% provided. Compensating factors provided. Compliance testing passed. Exception cleared.


Buyer Comment (2018-10-29): Exception attached


Reviewer Comment (2018-10-29): Please provide signed exception.


Buyer Comment (2018-10-29): Income worksheet attached with the DTI exception noted
 9/XX/2018  5:41:50 PM     1 A 7/XX/2018 CA Primary Purchase Lender to provide updated ATR/QM status C B C B C B C A Non QM Non QM Yes
204989189           Compliance Compliance Federal Compliance 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   Reviewer Comment (2018-10-29): Credit exception approval to allow DTI to xx% provided. Compensating factors provided. Compliance testing passed. Exception cleared.


Buyer Comment (2018-10-29): Exception attached
 9/XX/2018  5:41:50 PM     1 A 7/XX/2018 CA Primary Purchase   C B C B C B C A Non QM Non QM No
204989189           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The seller's CD reflects [Redacted] whereas the borrower's CD reflects [Redacted].   Reviewer Comment (2019-01-04): Ok to waive per client.
 01/04/2019     1 A 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B C A Non QM Non QM Yes
204989189           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) The CD reports not assumable, but the Note is assumable.   Reviewer Comment (2019-01-04): Ok to waive per client.


Reviewer Comment (2018-12-31): To remain open as EV2.


Seller Comment (2018-12-10): This was a system glitch and has now been fixed
 01/04/2019     1 A 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B C A Non QM Non QM Yes
204989189           Credit Credit Miscellaneous Credit Exception:   Per guidelines, all parties listed on each bank account must be included as borrowers on the loan.  The XXX account used to document income is joint with [Redacted] . PITIA reserves above minimum by 6 months or greater Reviewer Comment (2018-12-31): Rec'd exception allowing sister on bank statements for beneficiary reasons.
     12/XX/2018  2:46:06 PM 2 B 7/XX/2018 CA Primary Purchase   C B C B C B C A Non QM Non QM No
204989189           Compliance Compliance Federal Compliance RESPA Disclosure - Affiliated Business Arrangement Disclosure Missing RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to borrower.     Buyer Comment (2018-10-29): (Redacted) has no affiliated business arrangements therefore this disclosure isn't warranted
     9/XX/2018  4:08:05 PM 2 B 7/XX/2018 CA Primary Purchase   C B C B C B C A Non QM Non QM No
204989189           Credit Credit Miscellaneous Credit Exception:   Missing rate lock.   Reviewer Comment (2018-12-31): Rec'd rate lock.
 12/XX/2018  2:46:35 PM     1 A 7/XX/2018 CA Primary Purchase   C B C B C B C A Non QM Non QM No
204989189           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Note indicates it is assumable however, CD does not.   Reviewer Comment (2019-01-04): Ok to waiver per client.
     01/04/2019 2 B 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B C A Non QM Non QM Yes
204989189           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Fees are off.   Reviewer Comment (2019-01-04): Ok to waiver per client.
     01/04/2019 1 A 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B C A Non QM Non QM Yes
204989195           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2018-12-04): Rec'd Approval in trailing docs.
 12/04/2018     1 A 7/XX/2018 WA Primary Purchase   C B C A C B A A Non QM Non QM No
204989195           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2019-01-04): Attestation approved by (Redacted) in file.


Seller Comment (2018-12-05): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 01/04/2019     1 A 7/XX/2018 WA Primary Purchase   C B C A C B A A Non QM Non QM No
204989195           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) The CD reflects [Redacted] whereas the notary date on the security instrument is [Redacted].   Reviewer Comment (2018-12-05): Client asks for a waive


Seller Comment (2018-11-30): California loan docs are not date sensitive the borrower signed on the x/xx/xx - please waive
     12/XX/2018  2:41:16 PM 2 B 7/XX/2018 WA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204989195           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) [Redacted].  The change of circumstance form in file does not provide a valid reason for the increased appraisal fee.   Reviewer Comment (2018-12-05): Valid COC form provided in trailing docs.
 12/XX/2018  2:43:52 PM     1 A 7/XX/2018 WA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204989195           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The seller's CD reflects [Redacted] whereas the borrower's CD reflects [Redacted].   Reviewer Comment (2018-12-05): Resset - due to system error
 12/XX/2018  2:43:52 PM     1 A 7/XX/2018 WA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204989195           Compliance Compliance Federal Compliance 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. [Redacted].  The change of circumstance form in file does not provide a valid reason for the increased appraisal fee.   Reviewer Comment (2018-12-05): Valid COC form provided in trailing docs.
 12/XX/2018  2:43:52 PM     1 A 7/XX/2018 WA 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
204989195           Credit Assets Asset Calculation / Analysis Guideline Requirement: Available for Reserves discrepancy.   6 months required for subject, 2 months for each additional financed property.   Reviewer Comment (2018-12-05): Guidelines require x months PITIA on subject; additional reserves only required for second home and investment property transactions.
 12/XX/2018  2:29:32 PM     1 A 7/XX/2018 WA Primary Purchase   C B C A C B A A Non QM Non QM No
204989195           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy.   6 months required for subject, 2 months for each additional financed property.   Reviewer Comment (2018-12-04): Verified assets meet x months guideline requirement; additional reserves only required on xnd home and investment property transactions.


Seller Comment (2018-11-30): x months needed: borrower has sufficient reserves as $xx,xxx.xx is required and borrower has $xx,xxx.xx - please clear
 12/04/2018     1 A 7/XX/2018 WA Primary Purchase   C B C A C B A A Non QM Non QM No
204989195           Credit Income / Employment Income Documentation Income Docs Missing: Borrower:[Redacted]     Reviewer Comment (2018-12-04): Rec'd Income worksheet in trailing docs.
 12/04/2018     1 A 7/XX/2018 WA Primary Purchase   C B C A C B A A Non QM Non QM No
204989195           Credit Credit Miscellaneous Credit Exception:   Missing borrower's Social Security award letter.   Reviewer Comment (2018-12-04): SSI verified via tax returns


Seller Comment (2018-12-03): Tax returns were used for this, grossing up the non taxable portion
 12/04/2018     1 A 7/XX/2018 WA Primary Purchase   C B C A C B A A Non QM Non QM No
204989195           Credit Assets Asset Documentation Guideline Issue:Insufficient asset documentation. [Redacted] Missing x months of statements for [Redacted].  Missing and additional month for [Redacted]  The file contains only [Redacted].   Reviewer Comment (2018-12-04): Rec'd all statements in trailing docs.
 12/04/2018     1 A 7/XX/2018 WA Primary Purchase   C B C A C B A A Non QM Non QM No
204989195           Credit Credit Miscellaneous Credit Exception:   Missing rate lock.   Reviewer Comment (2018-12-04): Rec'd rate lock form in trailing docs.
 12/04/2018     1 A 7/XX/2018 WA Primary Purchase   C B C A C B A A Non QM Non QM No
204989195           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) Exception reset after system error - waived per Client   Reviewer Comment (2018-12-05): Client asks for waive.
     12/XX/2018  2:44:14 PM 2 B 7/XX/2018 WA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204989197           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR         01/04/2019     1 A 6/XX/2018 AZ Primary Purchase   C A C A B A C A Non QM Non QM No
204989197           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.         10/XX/2018  7:58:02 AM     1 A 6/XX/2018 AZ Primary Purchase   C A C A B A C A Non QM Non QM No
204989197           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date.         10/XX/2018  10:25:33 AM     1 A 6/XX/2018 AZ Primary Purchase   C A C A B A C A Non QM Non QM No
204989197           Compliance Compliance Federal Compliance ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)         01/04/2019     1 A 6/XX/2018 AZ Primary Purchase   C A C A B A C A Non QM Non QM No
204989197           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing           8/XX/2018  2:00:44 PM   1 A 6/XX/2018 AZ Primary Purchase Final CD evidences Cure C A C A B A C A Non QM Non QM Yes
204989197           Compliance Compliance Federal Compliance TRID Seller Closing Disclosure Fees Lesser than Final Closing Disclosure Seller Paid Fees         01/04/2019     1 A 6/XX/2018 AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C A C A B A C A Non QM Non QM Yes
204989197           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided         10/XX/2018  7:45:17 AM     1 A 6/XX/2018 AZ Primary Purchase   C A C A B A C A Non QM Non QM No
204989197           Compliance Compliance Federal Compliance ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)         01/04/2019     1 A 6/XX/2018 AZ Primary Purchase   C A C A B A C A Non QM Non QM No
204989197           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR         01/04/2019     1 A 6/XX/2018 AZ Primary Purchase   C A C A B A C A Non QM Non QM No
204989201           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2018-12-12): Rec'd approval.
 12/XX/2018  7:43:19 AM     1 A 7/XX/2018 CA Primary Purchase   C B C A B B C A Non QM Non QM No
204989201           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.       Reviewer Comment (2018-12-13): Updated end date.  See new exception.


Seller Comment (2018-12-11): Appraisal was completed x.xx.xx and evidences that there is no damage to the property or surrounding areas. FEMA has not updated DR-xxxx since (REDACTED) x, xxxx


Seller Comment (2018-12-06): Appraisal was completed x.xx.xx and evidences that there is no damage to the property or surrounding areas. FEMA has not updated DR-xxxx since (REDACTED) x, xxxx
 12/XX/2018  7:35:06 AM     1 A 7/XX/2018 CA Primary Purchase   C B C A B B C A Non QM Non QM No
204989201           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.   Client will order a secondary valuation at the time of securitization.   Reviewer Comment (2018-11-09): received desk review
 11/XX/2018  1:14:25 AM     1 A 7/XX/2018 CA Primary Purchase   C B C A B B C A Non QM Non QM No
204989201           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2019-01-04): Attestation approved by (Redacted) in file.


Reviewer Comment (2018-12-12): Please provide copy of broker agreement.  Unable to locate in file.


Seller Comment (2018-12-11): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 01/04/2019     1 A 7/XX/2018 CA Primary Purchase   C B C A B B C A Non QM Non QM No
204989201           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) Closing Disclosure date is [Redacted] but Notary date is [Redacted].   Reviewer Comment (2018-12-13): Duplicate


Reviewer Comment (2018-12-12): Regulation Z defines consummation as: "the time that a consumer becomes contractually obligated on a credit transaction. See xx CFR xxxx.x(a)(xx). The Commentary to Regulation Z states further that the point at which a "contractual obligation … is created" is a matter of state law. xx CFR xxxx.x(a)(xx)-x.
In California, consummation occurs when the borrower signs the loan documents.


Seller Comment (2018-12-11): California closing documents are not date sensitive therefore it's ok if the borrower doesn't sign the date they're generated.
 12/XX/2018  7:34:54 AM     1 A 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B C A Non QM Non QM Yes
204989201           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Fees on Final Closing Disclosure for the Seller are higher than some fees reflected on the Seller CD.   Reviewer Comment (2018-12-13): Duplicate
 12/XX/2018  7:34:54 AM     1 A 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B C A Non QM Non QM Yes
204989201           Credit Credit Miscellaneous Credit Exception:   Missing compliance report.   Reviewer Comment (2018-12-12): Rec'd compliance report.
 12/XX/2018  7:43:38 AM     1 A 7/XX/2018 CA Primary Purchase   C B C A B B C A Non QM Non QM No
204989201           Credit Credit Miscellaneous Credit Exception:   Missing rate lock.   Reviewer Comment (2018-12-12): Rec'd rate lock.
 12/XX/2018  7:43:52 AM     1 A 7/XX/2018 CA Primary Purchase   C B C A B B C A Non QM Non QM No
204989201           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing evidence borrower has been self-employed for x years.  SOS printout in file is dated [Redacted].   Reviewer Comment (2018-12-12): Rec'd SOS printout with most recent filing date of xx/xx/xx.
 12/XX/2018  7:45:50 AM     1 A 7/XX/2018 CA Primary Purchase   C B C A B B C A Non QM Non QM No
204989201           Credit Credit Miscellaneous Credit Exception:   Self-employed borrower.  Missing evidence of the existence of the business within [Redacted] calendar days of closing verified through a disinterested third party such as CPA, regulatory agency, applicable licensing bureau, or verification of a phone and address listing using the internet.   Reviewer Comment (2018-12-12): rec'd SOS printout reflecting x/xx/xx.
 12/XX/2018  7:46:11 AM     1 A 7/XX/2018 CA Primary Purchase   C B C A B B C A Non QM Non QM No
204989201           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.   Please provide PDI dated after [Redacted]   Reviewer Comment (2019-01-02): Rec'd PDI dated xx/xx/xx.  No damage.
 1/XX/2019  12:41:36 PM     1 A 7/XX/2018 CA Primary Purchase   C B C A B B C A Non QM Non QM No
204989201           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) California closing documents are not date sensitive therefore it's ok if the borrower doesn't sign the date they're generated. Regulation Z defines consummation as: "the time that a consumer becomes contractually obligated on a credit transaction. See 12 CFR 1026.2(a)(13). The Commentary to Regulation Z states further that the point at which a "contractual obligation … is created" is a matter of state law. 12 CFR 1026.2(a)(13)-2. In California, consummation occurs when the borrower signs the loan documents.   Reviewer Comment (2019-01-04): Ok to waive per client.


Seller Comment (2019-01-04): please waive
     01/04/2019 2 B 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B C A Non QM Non QM Yes
204989203           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Missing approval.   Reviewer Comment (2018-12-12): Rec'd approval
 12/XX/2018  8:32:27 AM     1 A 7/XX/2018 CA Primary Purchase   C B C B C A C A Non QM Non QM No
204989203           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   Missing lender's initial [Redacted].   Reviewer Comment (2019-01-04): Rec'd unsigned initial xxxx indicated to be taken by phone.


Reviewer Comment (2019-01-02): The loan application does not indicate it was taken by phone.  Missing initial xxxx signed by the borrower.


Seller Comment (2018-12-28): The initial xxxx was taken over the phone and we don't require the borrower to sign it - they sign the final


Reviewer Comment (2018-12-12): The xxxx in file is not signed by the borrower.


Seller Comment (2018-12-11): this is in the file
 01/04/2019     1 A 7/XX/2018 CA Primary Purchase   C B C B C A C A Non QM Non QM No
204989203           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.   Appraisal and AVM in file.   Reviewer Comment (2018-12-12): Cleared with re-validations


Seller Comment (2018-12-11): Appraisal was completed x.xx.xx and evidences that there is no damage to the property or surrounding areas. FEMA has not updated DR-xxxx since (REDACTED) x, xxxx
 12/XX/2018  11:07:42 PM     1 A 7/XX/2018 CA Primary Purchase   C B C B C A C A Non QM Non QM No
204989203           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.       Reviewer Comment (2018-11-18): Rec'd desk review.
 11/XX/2018  9:27:28 AM     1 A 7/XX/2018 CA Primary Purchase   C B C B C A C A Non QM Non QM No
204989203           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. The origination underwriter only included one-half of the second home payment in the borrower's total debt ratio; however, the loan file does not contain any documentation to support not including the full payment in the borrower's debt ratio. 140 months reserves > 6 months guideline minimum - borrowers have verified reserves of $337,581.84

9 years of mortgage history with no late payments.		 Reviewer Comment (2019-01-11): Exception granted by client to only use half of housing debt for home owned with brother.


Reviewer Comment (2018-12-17): Rec'd broker's attestation letter.  Need documentation to evidence borrower is only xx% obligated.


Reviewer Comment (2018-12-12): Provide documentation to support not including the full payment in the borrower's debt ratio.


Seller Comment (2018-12-11): This is a jointly owned property that is why the borrower was only hit for xx% of the debt
     1/XX/2019  4:06:19 PM 2 B 7/XX/2018 CA Primary Purchase   C B C B C A C A Non QM Non QM No
204989203           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2019-01-11): Attestation approved by (Redacted) in file.


Reviewer Comment (2018-12-12): Please provide copy of the broker agreement, unable to locate in file.


Seller Comment (2018-12-11): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 1/XX/2019  4:07:28 PM     1 A 7/XX/2018 CA Primary Purchase   C B C B C A C A Non QM Non QM No
204989203           Compliance Compliance Federal Compliance 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 Risk. The origination underwriter only included one-half of the second home payment in the borrower's total debt ratio; however, the loan file does not contain any documentation to support not including the full payment in the borrower's debt ratio.   Reviewer Comment (2019-01-11): Exception provided with compensating factors from client.


Reviewer Comment (2018-12-12): Provide documentation to support not including the full payment in the borrower's debt ratio.


Seller Comment (2018-12-11): This is a jointly owned property that is why the borrower was only hit for xx% of the debt
 1/XX/2019  4:09:50 PM     1 A 7/XX/2018 CA Primary Purchase Lender to provide updated ATR/QM status C B C B C A C A Non QM Non QM Yes
204989203           Compliance Compliance Federal Compliance 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. The origination underwriter only included one-half of the second home payment in the borrower's total debt ratio; however, the loan file does not contain any documentation to support not including the full payment in the borrower's debt ratio.   Reviewer Comment (2019-01-11): Exception provided with compensating factors from client.
 1/XX/2019  4:09:50 PM     1 A 7/XX/2018 CA Primary Purchase   C B C B C A C A Non QM Non QM No
204989203           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) There is no amount by which the Total Closing Costs Exceeds Limits indicated on the final Closing Disclosure.   Reviewer Comment (2018-11-18): duplicate
 11/XX/2018  9:26:16 AM     1 A 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C A C A Non QM Non QM Yes
204989203           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded.   Reviewer Comment (2018-12-12): Cleared with compliance re-run.  Appraisal review was on initial LE.


Seller Comment (2018-12-11): this was disclosed on the initial LE in the amount if $400 .. please clear as this is acceptable
 12/XX/2018  8:30:28 AM     1 A 7/XX/2018 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 A C A Non QM Non QM Yes
204989203           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Seller's final CD total seller paid fee amounts do not match the values used for compliance testing.   Reviewer Comment (2018-11-18): duplicate
 11/XX/2018  9:26:16 AM     1 A 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C A C A Non QM Non QM Yes
204989203           Credit Assets Asset Documentation Guideline Issue:Insufficient asset documentation. Financial Institution:[Redacted] / End Date: [Redacted] // Account Type: [Redacted]/ Account Number: [Redacted] The guidelines require x months' statements; however, the loan file only contained x month for the XXX [Redacted] savings account ending in [Redacted].   Reviewer Comment (2018-12-12): Assets not needed.


Seller Comment (2018-12-11): we can remove these assets and still have enough reserves (still have xxx.xx months)
 12/XX/2018  8:31:12 AM     1 A 7/XX/2018 CA Primary Purchase   C B C B C A C A Non QM Non QM No
204989203           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) [Redacted] Appraisal Review Fee   Reviewer Comment (2018-12-12): Cleared with compliance re-run.  Appraisal review was on initial LE.


Seller Comment (2018-12-11): This was disclosed on the initial LE as $400 please clear
 12/XX/2018  8:30:28 AM     1 A 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C A C A Non QM Non QM Yes
204989203           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.       Reviewer Comment (2019-01-03): PDI report dated xx/x/xx received, subject suffered no damage


Reviewer Comment (2018-12-12): Please provide PDI dated after xx/xx/xxxx
 1/XX/2019  12:31:44 PM     1 A 7/XX/2018 CA Primary Purchase   C B C B C A C A Non QM Non QM No
204989206           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2018-12-13): Rec'd loan approval.
 12/XX/2018  8:43:20 AM     1 A 7/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
204989206           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. missing   Reviewer Comment (2019-01-07): Attestation approved by (Redacted) in file.


Reviewer Comment (2018-12-17): Waiting on signed agreement


Seller Comment (2018-12-11): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 1/XX/2019  1:06:30 PM     1 A 7/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
204989206           Compliance Compliance Federal Compliance 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 Risk. DTI   Reviewer Comment (2019-01-10): Paystubs provided are acceptable to use for income increase.
 1/XX/2019  6:03:07 PM     1 A 7/XX/2018 CA Primary Purchase Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM Yes
204989206           Compliance Compliance Federal Compliance 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   Reviewer Comment (2019-01-10): Income used now allows DTI to be below xx%.
 1/XX/2019  6:02:35 PM     1 A 7/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
204989206           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) [Redacted]   Reviewer Comment (2018-12-13): .


Reviewer Comment (2018-12-13): (Redacted) received a COC that states the Recording fee increased due to ARM Rider.  This would have been known from the beginning as the loan application indicates an ARM loan program.  This is not acceptable for the fee change.  A refund is due.
 12/XX/2018  6:39:24 PM     1 A 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204989206           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The seller's CD reflects [Redacted] whereas the borrower's CD reflects [Redacted].   Reviewer Comment (2018-12-13): .
 12/XX/2018  6:39:24 PM     1 A 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204989206           Compliance Compliance Federal Compliance 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 10% or $xxx.xx.  Insufficient or no cure was provided to the borrower. (0) Recording fees increased from $[Redacted] to $[Redacted].  The COC in file does not provide a valid reason for the increase.   Reviewer Comment (2019-01-24): Valid COC was provided and shown for increase in fees.


Reviewer Comment (2019-01-24): Valid COC was provided and not captured correctly.


Reviewer Comment (2019-01-11): Unfortunately, that is not a valid COC and the fees cannot increase by xx% from baseline.  A PCCD, cure amount and LOE must be done in order to clear exception.


Seller Comment (2019-01-10): Escrow provided fees at the time of CD therefore the initial recording fee was an estimate as the actual fee was not known at the time of disclosure. This is a valid change of circumstance based on section xxxx.xx(c)(x)(i) provides that if any information necessary for an accurate disclosure is unknown to the creditor, the creditor shall make the disclosure based on the best information reasonably available to the creditor at the time the disclosure is provided to the consumer.


Reviewer Comment (2018-12-13): (Redacted) received a COC that states the Recording fee increased due to ARM Rider.  This would have been known from the beginning as the loan application indicates an ARM loan program.  This is not acceptable for the fee change.  A refund is due.
 1/XX/2019  4:28:09 PM     1 A 7/XX/2018 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
204989206           Credit Credit Miscellaneous Credit Exception:   Self-employed borrower.  Missing evidence of the existence of the business within [Redacted] calendar days of closing verified through a disinterested third party such as CPA, regulatory agency, applicable licensing bureau, or verification of a phone and address listing using the internet.   Reviewer Comment (2019-01-14): New print out provided is dated x/xx/xxxx.


Reviewer Comment (2019-01-10): Print out is dated x/x/xxxx and closing was x/xx/xxxx.


Reviewer Comment (2018-12-13): Rec'd undated internet printout.
 1/XX/2019  6:30:03 PM     1 A 7/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
204989206           Credit Credit Miscellaneous Credit Exception:   Missing rate lock.   Reviewer Comment (2018-12-13): Rec'd rate lock.
 12/XX/2018  8:44:32 AM     1 A 7/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
204989206           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) [Redacted] received a COC that states the Recording fee increased due to ARM Rider.  This would have been known from the beginning as the loan application indicates an ARM loan program.  This is not acceptable for the fee change.  A refund is due.   Reviewer Comment (2019-01-22): Waive per client.
     1/XX/2019  4:19:31 PM 2 B 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204989206           Compliance Compliance Federal Compliance General Ability To Repay Provision Employment - W-2 Ability to Repay (Dodd-Frank 2014): Unable to verify current Wages/W-2 employment status using reasonably reliable third-party records. ([Redacted]/Wages) Need 3rd party verification.   Reviewer Comment (2019-01-24): Verified with Wx and transcripts from IRS.
 1/XX/2019  4:30:11 PM     1 A 7/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
204989206           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - Wages Ability to Repay (Dodd-Frank 2014): Unable to verify Wages/W-2 income using reasonably reliable third-party records. ([Redacted]) Need 3rd party verification.   Reviewer Comment (2019-01-24): CPA letter as well as paystubs provided.
 1/XX/2019  4:30:30 PM     1 A 7/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
204989207           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Loan Approval was not provided.   Reviewer Comment (2018-10-29): Rec'd loan approval.
 10/XX/2018  8:04:04 AM     1 A 7/XX/2018 CA Investment Purchase   C A C A A A A A N/A N/A No
204989207           Credit Missing Document General Missing Document: Rent Comparison Schedule not provided   Schedule provided with appraisal.   Reviewer Comment (2018-10-29): This exception was cleared on x/xx/xxxx.  Nothing else is required.


Buyer Comment (2018-10-29): It's page xxx-xxx of the credit package


Reviewer Comment (2018-10-29): Schedule provided with appraisal.
 8/XX/2018  2:39:04 PM     1 A 7/XX/2018 CA Investment Purchase   C A C A A A A A N/A N/A No
204989207           Credit Loan Package Documentation Application / Processing Missing Document: Note Addendum - Prepayment not provided   Missing evidence of x year hard prepayment penalty required per guidelines.   Reviewer Comment (2018-12-12): No prepayment


Seller Comment (2018-12-11): revised lock


Reviewer Comment (2018-12-08): Per the rate lock in file, the loan was priced with a x year prepayment penalty.  Provide evidence of buyout.


Seller Comment (2018-12-06): Prepay was removed, please refer to DOT and CD that reflect this as well as the attached COC


Reviewer Comment (2018-10-29): The subject is an investment property and a x year prepay is required per guidelines.
 12/XX/2018  11:23:21 PM     1 A 7/XX/2018 CA Investment Purchase   C A C A A A A A N/A N/A Yes
204989207           Credit Credit Miscellaneous Credit Exception:   Missing rate lock.   Reviewer Comment (2018-10-29): Rec'd rate lock.
 10/XX/2018  8:09:58 AM     1 A 7/XX/2018 CA Investment Purchase   C A C A A A A A N/A N/A No
204989207           Credit Credit Miscellaneous Credit Exception:   Missing compliance report.   Reviewer Comment (2018-10-29): Rec'd high cost analysis.
 10/XX/2018  8:05:41 AM     1 A 7/XX/2018 CA Investment Purchase   C A C A A A A A N/A N/A No
204989209           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided         12/XX/2018  11:25:07 AM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Non QM No
204989209           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.         10/XX/2018  3:02:33 PM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Non QM No
204989209           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Property Costs Year 1         12/XX/2018  8:52:52 PM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM Yes
204989209           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits         12/XX/2018  8:52:52 PM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM Yes
204989209           Compliance Compliance Federal Compliance Check Loan Designation Match - ATR         12/XX/2018  8:52:52 PM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status C B C A C B C A Non QM Non QM Yes
204989209           Compliance Compliance Federal Compliance NonQM ATR         12/XX/2018  8:52:52 PM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Non QM No
204989209           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided         12/XX/2018  6:47:47 PM     1 A 7/XX/2018 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 C A Non QM Non QM Yes
204989209           Compliance Compliance Federal Compliance General Ability To Repay Provision Monthly Payment - Interest-Only         12/XX/2018  8:52:52 PM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Non QM No
204989209           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Property Costs Year 1           1/XX/2019  1:40:50 PM   2 B 7/XX/2018 CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM Yes
204989209           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits         12/XX/2018  6:47:47 PM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM Yes
204989212           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   The file was missing a copy of the approval.   Reviewer Comment (2018-12-17): Rec'd loan approval.
 12/XX/2018  11:29:20 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
204989212           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.   The subject property is located in [Redacted] county which is in a FEMA disaster area that does not have a declared end date.  The appraisal was performed after the FEMA declaration start date but prior to the declared end date.   Reviewer Comment (2018-12-17): Cleared.  Updated exception set.


Seller Comment (2018-12-11): Appraisal was completed x.xx.xx and evidences that there is no damage to the property or surrounding areas. FEMA has not updated DR-xxxx since (REDACTED) x, xxxx
 12/XX/2018  11:38:43 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
204989212           Compliance Compliance Federal Compliance TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date   Final Closing Disclosure reflects loan disbursed [Redacted] however the Right to Cancel form states rescission ends midnight on [Redacted].   Reviewer Comment (2018-12-26): Updated with ALTA Settlement Statement


Seller Comment (2018-12-12): see attached final settlement statement loan disbursed x/x/xx
 12/XX/2018  2:14:48 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation 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
204989212           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.   The file is missing documentation to verify if the Loan Originator Compensation was based on a term of the transaction.   Reviewer Comment (2019-01-07): Attestation approved by (Redacted) in file.


Reviewer Comment (2018-12-17): Please provide copy of broker agreement.  Unable to locate in file.


Seller Comment (2018-12-11): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 1/XX/2019  5:37:51 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
204989212           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date   The final Closing Disclosure reflects a Closing Date of [Redacted], but the transaction consummation (mortgage notary) date was [Redacted].  Provide a post-close CD and a copy of the letter of explanation to the borrower disclosing the changes made.   Reviewer Comment (2018-12-17): duplicate


Reviewer Comment (2018-12-12): Letter of Explanation & Corrected Closing Disclosure with the correct closing date will be required to cure.


Seller Comment (2018-12-11): California closing documents are not date sensitive therefore it's ok if the borrower doesn't sign the date they're generated.
 12/XX/2018  11:37:44 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989212           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months   The amount of HOI annual premium in section F of final Closing Disclosure does not match amount per month in section G.   Reviewer Comment (2018-12-17): duplicate
 12/XX/2018  11:37:44 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989212           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Per guidelines max LTV for refi cash out for loan amounts [Redacted] - [Redacted] is [Redacted]. 38% DTI on this loan < 50% guideline max - 12% below program guideline maximum

Residual income of $35,810		 Reviewer Comment (2019-01-27): Exception provided for higher LTV allowed.
     1/XX/2019  2:22:07 PM 2 B 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
204989212           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Combined loan to value discrepancy. Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. Per guidelines max LTV for refi cash out for loan amounts [Redacted] - [Redacted] is [Redacted]. 38% DTI on this loan < 50% guideline max - 12% below program guideline maximum

Residual income of $35,810		 Reviewer Comment (2019-01-27): Exception provided for higher LTV allowed.
     1/XX/2019  2:23:06 PM 2 B 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
204989212           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Borrower is short 12 months PITI reserves required for program. 42.29% DTI on this loan < 50% guideline max - 7.71% below program guideline maximum

Solid housing history dating back to 2006.		 Reviewer Comment (2019-02-04): Exception with compensating factors provided for the offset of xx months PITI and the LTV just over xx%.


Reviewer Comment (2019-01-31): Rec'd exception for LTV.  Please provide exception specific to borrower having < xx months reserves as required per guidelines.
     02/04/2019 2 B 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
204989212           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1   Homeowners policy in file reflects annual policy [Redacted] and yea,rly taxes per tax certificate in file [Redacted] equaling [Redacted] a difference from the final Closing Disclosure of [Redacted].   Reviewer Comment (2018-12-17): duplicate
 12/XX/2018  11:37:44 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989212           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment   Total monthly hazard insurance payment per hazard policy in file is [Redacted] vs. [Redacted] used on Final Closing Disclosure.   Reviewer Comment (2018-12-17): duplicate
 12/XX/2018  11:37:44 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
204989212           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment   Total monthly hazard insurance payment per hazard policy in file is [Redacted] vs. [Redacted] used on Final Closing Disclosure.   Reviewer Comment (2018-12-17): duplicate
 12/XX/2018  11:37:44 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
204989212           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment   Total monthly hazard insurance payment per hazard policy in file is [Redacted] vs. [Redacted] used on Final Closing Disclosure.   Reviewer Comment (2018-12-17): duplicate
 12/XX/2018  11:37:44 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
204989212           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment   Total monthly hazard insurance payment per hazard policy in file is [Redacted] vs. [Redacted] used on Final Closing Disclosure.   Reviewer Comment (2018-12-17): duplicate
 12/XX/2018  11:37:44 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
204989212           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate   Total monthly hazard insurance payment per hazard policy in file is [Redacted] vs. [Redacted] used on Final Closing Disclosure.   Reviewer Comment (2018-12-17): duplicate
 12/XX/2018  11:37:44 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
204989212           Compliance Compliance Federal Compliance General Ability To Repay Provision Monthly Payment - Interest-Only   Lender guidelines state to use the greater of the note rate or the fully indexed rate.   Reviewer Comment (2019-01-31): Cleared with compliance re-run.


Seller Comment (2019-01-25): the note rate was more
 1/XX/2019  7:55:20 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
204989212           Compliance Compliance Federal Compliance Check Loan Designation Match - ATR   Loan approved as a Non-QM loan.   Reviewer Comment (2019-01-31): Cleared with compliance re-run.


Reviewer Comment (2018-12-17): Documentation provided does not meet ATR requirements.


Seller Comment (2018-12-11): This is Non-QM as it doesn't meet the appendix Q income documentation requirements which is why we designated it non-QM
 1/XX/2019  7:55:20 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
204989212           Compliance Compliance Federal Compliance NonQM ATR   Loan approved as a Non-QM loan.   Reviewer Comment (2019-01-31): Cleared with compliance re-run.
 1/XX/2019  7:55:20 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
204989212           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ UW income for [Redacted] is missing from the file.   Reviewer Comment (2018-12-17): Rec'd underwriter's income analysis worksheet.


Seller Comment (2018-12-11): this is in the file
 12/XX/2018  11:30:27 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
204989212           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.       Reviewer Comment (2019-01-10): Property inspection report done x/x/xx and shows no signs of damage.
 1/XX/2019  11:20:02 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
204989212           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date   Regulation Z defines consummation as: "the time that a consumer becomes contractually obligated on a credit transaction. See [Redacted] CFR [Redacted].x(a)([Redacted]). The Commentary to Regulation Z states further that the point at which a "contractual obligation … is created" is a matter of state law. [Redacted] CFR [Redacted].x(a)([Redacted])-x.
In California, consummation occurs when the borrower signs the loan documents.		   Reviewer Comment (2019-01-10): Ok to waive per client.


Seller Comment (2019-01-09): please waive


Reviewer Comment (2018-12-20): (Redacted) performs its file review in accordance with the SFIG RMBS 3.0 Compliance Review Scope. Under the SFIG Review Scope If the CD issued at docs becomes inaccurate, a corrected CD needs to be issued reflecting the actual terms of the transaction. Please provide corrected CD and LOE to cure.
     1/XX/2019  11:20:37 AM 2 B 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989212           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1   Homeowners policy in file reflects annual policy [Redacted] and yea,rly taxes per tax certificate in file [Redacted] equaling [Redacted] a difference from the final Closing Disclosure of [Redacted].   Reviewer Comment (2019-02-01): (Redacted) received LOE. Exception Cured.


Reviewer Comment (2019-01-28): (Redacted) received PCCD correcting escrow payment. Please provide LOE to cure.


Reviewer Comment (2018-12-20): The total disclosed annual escrowed property cost on page four of CD is $xxxxx.xx and documentation in images indicates total should be $xxxxx.xx ($xxxx for Hazard Insurance, $xxxxx.xx for County Tax).  Letter of Explanation and Corrected CD required to cure.
   2/XX/2019  3:26:38 PM   2 B 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989212           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment   Total monthly hazard insurance payment per hazard policy in file is [Redacted] vs. [Redacted] used on Final Closing Disclosure.   Reviewer Comment (2019-01-29): Okay to cure per CHD-10782


Reviewer Comment (2019-01-28): (Redacted) received PCCD correcting escrow payment. RTC is not required to be opened for this exception as initial escrow payment on Final CD is consistent with IEADS. Please provide LOE to cure.


Seller Comment (2019-01-25): see attached … the current policy had a balance of $xxx.xx due and the renewal policy was also due for $x,xxx that is why section F is $x,xxx.xx


Reviewer Comment (2018-12-20): The escrow calculation per documents in file is $xxxx.xx/mo ($xxxxx.xx/year tax or $xxxx.xx/mo and $xxxx HOI or $xxx.xx/mo). Please provide calculations/verification used for escrow amount or if amounts above are correct please provide a corrected CD, LOE, and Proof of Delivery to cure. RTC is not required to be opened for this exception as initial escrow payment on Final CD is consistent with IEADS.
   1/XX/2019  12:26:10 AM   2 B 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
204989212           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment   Total monthly hazard insurance payment per hazard policy in file is [Redacted] vs. [Redacted] used on Final Closing Disclosure.   Reviewer Comment (2019-01-29): Okay to cure per CHD-10782


Reviewer Comment (2019-01-28): (Redacted) received PCCD correcting escrow payment. RTC is not required to be opened for this exception as initial escrow payment on Final CD is consistent with IEADS. Please provide LOE to cure.


Reviewer Comment (2018-12-20): The escrow calculation per documents in file is $xxxx.xx/mo ($xxxxx.xx/year tax or $xxxx.xx/mo and $xxxx HOI or $xxx.xx/mo). Please provide calculations/verification used for escrow amount or if amounts above are correct please provide a corrected CD, LOE, and Proof of Delivery to cure. RTC is not required to be opened for this exception as initial escrow payment on Final CD is consistent with IEADS.
   1/XX/2019  12:26:23 AM   2 B 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
204989212           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment   Total monthly hazard insurance payment per hazard policy in file is [Redacted] vs. [Redacted] used on Final Closing Disclosure.   Reviewer Comment (2019-01-29): Okay to cure per CHD-10782


Reviewer Comment (2019-01-28): (Redacted) received PCCD correcting escrow payment. RTC is not required to be opened for this exception as initial escrow payment on Final CD is consistent with IEADS. Please provide LOE to cure.


Reviewer Comment (2018-12-20): The escrow calculation per documents in file is $xxxx.xx/mo ($xxxxx.xx/year tax or $xxxx.xx/mo and $xxxx HOI or $xxx.xx/mo). Please provide calculations/verification used for escrow amount or if amounts above are correct please provide a corrected CD, LOE, and Proof of Delivery to cure. RTC is not required to be opened for this exception as initial escrow payment on Final CD is consistent with IEADS.
   1/XX/2019  12:26:46 AM   2 B 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
204989212           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment   Total monthly hazard insurance payment per hazard policy in file is [Redacted] vs. [Redacted] used on Final Closing Disclosure.   Reviewer Comment (2019-01-29): Okay to cure per CHD-10782


Reviewer Comment (2019-01-28): (Redacted) received PCCD correcting escrow payment. RTC is not required to be opened for this exception as initial escrow payment on Final CD is consistent with IEADS. Please provide LOE to cure.


Reviewer Comment (2018-12-20): The escrow calculation per documents in file is $xxxx.xx/mo ($xxxxx.xx/year tax or $xxxx.xx/mo and $xxxx HOI or $xxx.xx/mo). Please provide calculations/verification used for escrow amount or if amounts above are correct please provide a corrected CD, LOE, and Proof of Delivery to cure. RTC is not required to be opened for this exception as initial escrow payment on Final CD is consistent with IEADS.
   1/XX/2019  12:26:58 AM   2 B 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
204989212           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate   Total monthly hazard insurance payment per hazard policy in file is [Redacted] vs. [Redacted] used on Final Closing Disclosure.   Reviewer Comment (2019-01-29): Okay to cure per CHD-10782


Reviewer Comment (2019-01-28): (Redacted) received PCCD correcting escrow payment. RTC is not required to be opened for this exception as initial escrow payment on Final CD is consistent with IEADS. Please provide LOE to cure.


Reviewer Comment (2018-12-20): The escrow calculation per documents in file is $xxxx.xx/mo ($xxxxx.xx/year tax or $xxxx.xx/mo and $xxxx HOI or $xxx.xx/mo). Please provide calculations/verification used for escrow amount or if amounts above are correct please provide a corrected CD, LOE, and Proof of Delivery to cure. RTC is not required to be opened for this exception as initial escrow payment on Final CD is consistent with IEADS.
   1/XX/2019  12:27:11 AM   2 B 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
204989212           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months   The amount of HOI annual premium in section F of final Closing Disclosure does not match amount per month in section G.   Reviewer Comment (2019-01-22): Waive per client.


Reviewer Comment (2018-12-20): The premium for HOI on Section E is $xxxx.xx for xx months or $xxx.xx. The exception is due to the HOI/month discrepancy with section G. Section G indicates monthly HOI as $xxx.xx. Please provide corrected CD and LOE to cure.
     1/XX/2019  4:22:03 PM 2 B 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989212           Compliance Compliance Federal Compliance TRID Disbursement Date   Used ALTA Settlement Statement, CD is still inaccurate   Reviewer Comment (2019-01-22): Waive per client.
     1/XX/2019  4:22:14 PM 2 B 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Good Faith Redisclosure C B C B C B A A Non QM Non QM Yes
204989214           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2018-10-29): Rec'd loan approval.
 10/XX/2018  8:16:57 AM     1 A 7/XX/2018 AZ Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
204989214           Credit Credit Credit Documentation Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Missing satisfactory mortgage history from XXX.  Max x x [Redacted].   Reviewer Comment (2018-10-29): Pacific Premier acquired Grandpoint.  Grandpoint is reflected on credit, x x xx.
 10/XX/2018  8:16:31 AM     1 A 7/XX/2018 AZ Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
204989214           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) The final CD discloses the loan is not assumable, the note contains assumption language.   Reviewer Comment (2019-01-04): Ok to waive per client.


Reviewer Comment (2018-12-12): To remain EV2


Seller Comment (2018-12-11): apologies this was the wrong comment … the assumption was due to a system glitch that has been fixed


Seller Comment (2018-12-11): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction


Seller Comment (2018-12-05): This was a system glitch and has now been fixed
     01/04/2019 2 B 7/XX/2018 AZ Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
204989214           Credit Credit Miscellaneous Credit Exception:   Missing rate lock.   Reviewer Comment (2018-10-29): Rec'd rate lock.
 10/XX/2018  8:17:40 AM     1 A 7/XX/2018 AZ Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
204989214           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Note indicates loan is assumable when CD does not.   Reviewer Comment (2019-01-04): Ok to waive per client.
     01/04/2019 2 B 7/XX/2018 AZ Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
204989217           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Missing approval.   Reviewer Comment (2018-10-29): Rec'd loan approval.
 10/XX/2018  8:29:47 AM     1 A 7/XX/2018 CA Primary Purchase   C A C A B A A A Non QM Non QM No
204989217           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing Lo compesation disclosure.   Reviewer Comment (2019-01-04): Attestation approved by (Redacted) in file.


Reviewer Comment (2018-12-12): Please provide copy of broker agreement, unable to locate in file.


Seller Comment (2018-12-11): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction


Seller Comment (2018-12-05): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 01/04/2019     1 A 7/XX/2018 CA Primary Purchase   C A C A B A A A Non QM Non QM No
204989217           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The Seller's CD reflects additional fees not reflected on the Borrower's final CD.   Reviewer Comment (2019-01-07): Ok to waive per client.
 1/XX/2019  11:27:39 AM     1 A 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C A C A B A A A Non QM Non QM Yes
204989218           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.39320% or Final Disclosure APR of 8.41300% is in excess of allowable threshold of APOR 4.44% + 1.5%, or 5.94000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     4/XX/2018  9:27:08 AM 1 A 4/XX/2018 FL Primary Purchase   C B A A C B C B Non QM Non QM No
204989218           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Cure for Appraisal Fee of $30.00 and Title - Electronic Document Delivery Fee of $9.00 was not provided. Cure of $30.00 was reflected, which is insufficient to cure.
 Please provide support for acceptable change of circumstance or provide a Post Consummation CD correcting the error and providing a cure to the borrower.		   Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
   5/XX/2018  8:42:23 AM   2 B 4/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B C B Non QM Non QM Yes
204989218           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $[Redacted], while closing CD seller's fees total $8[Redacted].   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.


Reviewer Comment (2018-10-29): Seller CD fees  [Redacted] > PCCD seller paid fees  [Redacted] Exception remains.
     5/XX/2018  10:08:06 AM 2 B 4/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B C B Non QM Non QM Yes
204989218           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XX exceeds tolerance of $595.00.  Insufficient or no cure was provided to the borrower. (7506) Fee disclosed as $595 on LE dated 03[Redacted], but disclosed as $625.00 on Final Closing Disclosure.  Please provide support for acceptable change of circumstance or provide a Post Consummation CD correcting the error and providing a cure to the borrower   Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.


Reviewer Comment (2018-10-29): Final CD reflects a $xx.xx Lender Credit however total amount to cure due $xx.xx due to additional x% tolerance for electronic delivery fee of $x.xx. Exception remains.
   5/XX/2018  8:42:34 AM   2 B 4/XX/2018 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 C B Non QM Non QM Yes
204989218           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Electronic Document Delivery Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Fee was not disclosed on Loan Estimate; service not provided by the same provider as other title services.  Please provide support for acceptable change of circumstance or provide a Post Consummation CD correcting the error and providing a cure to the borrower.   Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
   5/XX/2018  8:42:43 AM   2 B 4/XX/2018 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 C B Non QM Non QM Yes
204989218           Property Property - Appraisal General Appraisal Requirements Valuation Exception:   Lender approved exception for HOA without a budged capital reserve allowance vs program requirement that the homeowner's association's current annual budget includes an allowance for capital reserves of x% of expenditures. Long established condo, HOA turned over to unit owners 12/1981. 290 units out of 340 owned as primary residence

Borrower is self-employed 5 years as a XXX

DTI is 43%, 7% < program maximum of 50%

Reserves are 27.91 months, 24.91 months > program requirement of 3 months

Credit score is 699, 39 points > program requirement of 660		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     4/XX/2018  9:35:30 AM 2 B 4/XX/2018 FL Primary Purchase   C B A A C B C B Non QM Non QM No
204989219           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.       Reviewer Comment (2018-12-13): End date updated.


Seller Comment (2018-12-11): Appraisal was completed x.xx.xx and evidences that there is no damage to the property or surrounding areas. FEMA has not updated DR-xxxx since (REDACTED) x, xxxx
 12/XX/2018  8:54:49 AM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
204989219           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2018-12-13): Rec'd loan approval.
 12/XX/2018  8:49:27 AM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
204989219           Credit Credit Miscellaneous Credit Exception:   missing rate lock   Reviewer Comment (2018-12-13): rec'd rate lock
 12/XX/2018  8:49:52 AM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
204989219           Credit Insurance Insurance Analysis Hazard Insurance Policy expires within 90 days of the Note Date. Hazard Insurance Policy Expiration Date ___, Note Date ___     Reviewer Comment (2019-01-18): Not addressed in guidelines.  Provided attestation regarding 60-day policy.


Reviewer Comment (2018-12-13): Not addressed in guidelines.  Please provide.


Seller Comment (2018-12-11): Our guidelines don't require them to be paid unless they're due within xx days
 1/XX/2019  1:31:38 PM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
204989219           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Collections / Balance:  [Redacted], Credit Report: Original // Public Record Type: Collections / Balance:  [Redacted], Credit Report: Original // Public Record Type: Collections / Balance:  [Redacted], Credit Report: Original // Public Record Type: Collections / Balance:  [Redacted], Credit Report: Original // Public Record Type: Collections / Balance:  [Redacted]     Reviewer Comment (2019-01-04): Medical collections are not part of the adverse piece of their guidelines.


Reviewer Comment (2019-01-02): Per page 38 of 45 of guidelines (provided in trailing docs), all charge-off, repossessions, collections, judgments and liens must be paid off or satisfied in writing by the borrower.


Reviewer Comment (2018-12-13): Not addressed in guidelines.  Please provide.


Seller Comment (2018-12-11): Collection/Charge Offs between xk and xk are underwriter discretion, anything under xk doesn't need to be addressed. Medical collections no matter the amount will never need to be addressed. Public Records are underwriter discretion.
 01/04/2019     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
204989219           Credit Assets Asset Calculation / Analysis Guideline Requirement: Available for Reserves discrepancy. Calculated Available for Reserves of ___ is less than Guideline Available for Reserves of ___.   37% DTI

49% LTV

$22.6K residual income

22 years self-employed		 Reviewer Comment (2018-12-13): Rec'd exception for reserves less than 6 months.
     12/XX/2018  8:53:13 AM 2 B 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
204989219           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___.   37% DTI

49% LTV

$22.6K residual income

22 years self-employed		 Reviewer Comment (2018-12-13): Rec'd exception, less than 6 months reserves.
     12/XX/2018  8:55:33 AM 2 B 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Amount Financed TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] did not disclose the Amount Financed. (Final/[Redacted]) Missing pages x & x of the final CD.   Reviewer Comment (2018-12-12): (Redacted) received required documents, exception is cleared.
 12/XX/2018  11:50:09 AM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure APR Irregular Transaction TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] did not disclose the APR. (Final/[Redacted]) Missing pages x & x of the final CD.   Reviewer Comment (2018-12-12): (Redacted) received required documents, exception is cleared.
 12/XX/2018  11:50:09 AM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation 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 B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Missing pages x & x of the final CD.   Reviewer Comment (2018-12-12): (Redacted) received required documents, exception is cleared.


Seller Comment (2018-12-11): This was a system glitch and has now been fixed
 12/XX/2018  11:50:09 AM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Demand Feature TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan contains a Demand Feature. (Final/[Redacted]) Missing pages x & x of the final CD.   Reviewer Comment (2018-12-12): (Redacted) received required documents, exception is cleared.
 12/XX/2018  11:50:09 AM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrow Account TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] did not disclose whether the loan will have an escrow account. (Final/[Redacted]) Missing pages x & x of the final CD.   Reviewer Comment (2018-12-12): (Redacted) received required documents, exception is cleared.
 12/XX/2018  11:50:09 AM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] did not disclose the Finance Charge. (Final/[Redacted]) Missing pages x & x of the final CD.   Reviewer Comment (2018-12-12): (Redacted) received required documents, exception is cleared.
 12/XX/2018  11:50:09 AM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation 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 B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Late Payment Test TILA-RESPA Integrated Disclosure- Loan Disclosures: Final Closing Disclosure provided on [Redacted] did not disclose the terms of the Late Payment. (Final/[Redacted]) Missing pages x & x of the final CD.   Reviewer Comment (2018-12-12): (Redacted) received required documents, exception is cleared.
 12/XX/2018  11:50:09 AM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Negative Amortization TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan contains Negative Amortization. (Final/[Redacted]) Missing pages x & x of the final CD.   Reviewer Comment (2018-12-12): (Redacted) received required documents, exception is cleared.
 12/XX/2018  11:50:09 AM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Partial Payments TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Partial Payments. (Final/[Redacted]) Missing pages x & x of the final CD.   Reviewer Comment (2018-12-12): (Redacted) received required documents, exception is cleared.
 12/XX/2018  11:50:09 AM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] did not disclose the Total Interest Percentage. (Final/[Redacted]) Missing pages x & x of the final CD.   Reviewer Comment (2018-12-12): (Redacted) received required documents, exception is cleared.
 12/XX/2018  11:50:09 AM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] did not disclose the Total of Payments. (Final/[Redacted]) Missing pages x & x of the final CD.   Reviewer Comment (2018-12-12): (Redacted) received required documents, exception is cleared.
 12/XX/2018  11:50:09 AM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation 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 B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] did not disclose Estimated Property Costs over Year x. (Final/[Redacted]) Missing pages x & x of the final CD.   Reviewer Comment (2018-12-12): (Redacted) received required documents, exception is cleared.
 12/XX/2018  11:50:09 AM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Will Have Escrow Account TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan will have an escrow account. (Final/[Redacted]) Missing pages x & x of the final CD.   Reviewer Comment (2018-12-12): (Redacted) received required documents, exception is cleared.
 12/XX/2018  11:50:09 AM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $x,xxx.xx plus 10% or $x,xxx.xx.  Sufficient or excess cure was provided to the borrower at Closing. (0) Cured on final CD.       8/XX/2018  1:19:25 PM   1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [Redacted, prior to three (3) business days from transaction date of [Redacted.     Reviewer Comment (2019-01-23): All pages Final CD provided


Reviewer Comment (2019-01-18): The CD issued (Redacted) is missing pages 4 & 5.  Without evidence the CD was signed (Redacted), the assumed date of receipt (transaction date) is (Redacted).  Please provide closing CD signed by the borrower (Redacted).


Seller Comment (2019-01-17): The borrower signed closing documents on (Redacted) there for the RTC is correct and the proper waiting period had passed... please clear
 1/XX/2019  3:52:49 PM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation 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
204989219           Compliance Compliance Federal Compliance 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 (2019-01-23): All pages Final CD provided


Reviewer Comment (2019-01-18): The CD issued (Redacted) is missing pages 4 & 5.  Without evidence the CD was signed (Redacted), the assumed date of receipt (transaction date) is (Redacted).  Please provide closing CD signed by the borrower (Redacted).


Seller Comment (2019-01-17): RTC is in the file and correct … please clear
 1/XX/2019  3:52:49 PM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation 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
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Amount Financed TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] did not disclose the Amount Financed. (Final/[Redacted]) Closing CD, dated [Redacted], is missing pages 4 and 5.  Unable to address exception.   Reviewer Comment (2019-01-23): All pages Final CD provided


Reviewer Comment (2019-01-08): (Redacted) received Letter of Explanation & Corrected Closing Disclosure dated (Redacted).  In order to review compliance testing please provide pages 4 and 5 of the final cd dated (Redacted) as they are missing from the loan file.
 1/XX/2019  3:52:49 PM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure APR Irregular Transaction TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] did not disclose the APR. (Final/[Redacted]) Closing CD, dated [Redacted], is missing pages 4 and 5.  Unable to address exception.   Reviewer Comment (2019-01-23): All pages Final CD provided


Reviewer Comment (2019-01-08): (Redacted) received Letter of Explanation & Corrected Closing Disclosure dated (Redacted).  In order to review compliance testing please provide pages 4 and 5 of the final cd dated (Redacted) as they are missing from the loan file.
 1/XX/2019  3:52:49 PM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation 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 B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Closing CD, dated [Redacted], is missing pages 4 and 5.  Unable to address exception.   Reviewer Comment (2019-01-23): Waive per client.


Reviewer Comment (2019-01-18): To remain EV2.


Seller Comment (2019-01-17): This was a system glitch and has now been fixed .. Please waive


Reviewer Comment (2019-01-08): (Redacted) received PC-CD page 4 indicated loan is not assumable.  However Note contains assumptions language.
     1/XX/2019  11:38:52 AM 2 B 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Demand Feature TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan contains a Demand Feature. (Final/[Redacted]) Closing CD, dated [Redacted], is missing pages 4 and 5.  Unable to address exception.   Reviewer Comment (2019-01-08): Letter of Explanation & Corrected Closing Disclosure provided
   1/XX/2019  4:10:46 PM   2 B 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrow Account TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] did not disclose whether the loan will have an escrow account. (Final/[Redacted]) Closing CD, dated [Redacted], is missing pages 4 and 5.  Unable to address exception.   Reviewer Comment (2019-01-08): Letter of Explanation & Corrected Closing Disclosure
   1/XX/2019  4:10:28 PM   2 B 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] did not disclose the Finance Charge. (Final/[Redacted]) Closing CD, dated [Redacted], is missing pages 4 and 5.  Unable to address exception.   Reviewer Comment (2019-01-23): All pages Final CD provided


Reviewer Comment (2019-01-08): (Redacted) received Letter of Explanation & Corrected Closing Disclosure dated (Redacted).  In order to review compliance testing please provide pages 4 and 5 of the final cd dated (Redacted) as they are missing from the loan file.
 1/XX/2019  3:56:26 PM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation 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 B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Late Payment Test TILA-RESPA Integrated Disclosure- Loan Disclosures: Final Closing Disclosure provided on [Redacted] did not disclose the terms of the Late Payment. (Final/[Redacted]) Closing CD, dated [Redacted], is missing pages 4 and 5.  Unable to address exception.   Reviewer Comment (2019-01-08): Letter of Explanation & Corrected Closing Disclosure provided
   1/XX/2019  4:09:27 PM   2 B 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Negative Amortization TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan contains Negative Amortization. (Final/[Redacted]) Closing CD, dated [Redacted], is missing pages 4 and 5.  Unable to address exception.   Reviewer Comment (2019-01-08): Letter of Explanation & Corrected Closing Disclosure provided
   1/XX/2019  4:09:07 PM   2 B 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Partial Payments TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Partial Payments. (Final/[Redacted]) Closing CD, dated [Redacted], is missing pages 4 and 5.  Unable to address exception.   Reviewer Comment (2019-01-08): Letter of Explanation & Corrected Closing Disclosure provided
   1/XX/2019  4:08:49 PM   2 B 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] did not disclose the Total Interest Percentage. (Final/[Redacted]) Closing CD, dated [Redacted], is missing pages 4 and 5.  Unable to address exception.   Reviewer Comment (2019-01-08): Letter of Explanation & Corrected Closing Disclosure provided prior to (Redacted) review
   1/XX/2019  4:08:15 PM   2 B 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] did not disclose the Total of Payments. (Final/[Redacted]) Closing CD, dated [Redacted], is missing pages 4 and 5.  Unable to address exception.   Reviewer Comment (2019-01-23): All pages Final CD provided


Reviewer Comment (2019-01-08): (Redacted) received Letter of Explanation & Corrected Closing Disclosure dated (Redacted).  In order to review compliance testing please provide pages 4 and 5 of the final cd dated (Redacted) as they are missing from the loan file.
 1/XX/2019  3:52:49 PM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation 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 B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] did not disclose Estimated Property Costs over Year x. (Final/[Redacted]) Closing CD, dated [Redacted], is missing pages 4 and 5.  Unable to address exception.   Reviewer Comment (2019-01-08): Letter of Explanation & Corrected Closing Disclosure provided prior to (Redacted) review
   1/XX/2019  4:05:07 PM   2 B 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989219           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Will Have Escrow Account TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan will have an escrow account. (Final/[Redacted]) Closing CD, dated [Redacted], is missing pages 4 and 5.  Unable to address exception.   Reviewer Comment (2019-01-08): Letter of Explanation & Corrected Closing Disclosure provided prior to (Redacted) review
   1/XX/2019  4:04:51 PM   2 B 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989219           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.   Please provide PDI dated after [Redacted]   Reviewer Comment (2019-01-18): Rec'd PDI reflecting no damage.
 1/XX/2019  1:49:46 PM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
204989223           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.       Reviewer Comment (2018-10-29): Valuation conducted five months after start date and disaster fully contained. Property does not have damage related to the event
 8/XX/2018  1:56:24 PM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C A C A B A C A Non QM Non QM No
204989223           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2018-12-17): Rec'd loan approval
 12/XX/2018  11:45:17 AM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C A C A B A C A Non QM Non QM No
204989223           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.   Client will order a secondary valuation at the time of securitization.   Reviewer Comment (2018-11-18): Rec'd desk review.
 11/XX/2018  9:14:37 AM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C A C A B A C A Non QM Non QM No
204989223           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2019-01-04): Attestation approved by (Redacted) in file.


Reviewer Comment (2018-12-17): Please provide a copy of the broker agreement.  Unable to locate in file.


Seller Comment (2018-12-11): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 01/04/2019     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C A C A B A C A Non QM Non QM No
204989223           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ Missing P & L for Schedule C income.   Reviewer Comment (2019-01-04): Per guidelines, P&L not required on full doc loans.
 01/04/2019     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C A C A B A C A Non QM Non QM No
204989223           Credit Credit Miscellaneous Credit Exception:   Missing YTD P & L for [Redacted]   Reviewer Comment (2019-01-04): Per guidelines, P&L not required on full doc loans.
 01/04/2019     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C A C A B A C A Non QM Non QM No
204989223           Credit Credit Miscellaneous Credit Exception:   Self-employed borrower.  Missing evidence of the existence of the business within [Redacted] calendar days of closing verified through a disinterested third party such as CPA, regulatory agency, applicable licensing bureau, or verification of a phone and address listing using the internet.  Schedule C and [Redacted].   Reviewer Comment (2019-01-07): Secretary of State shows was pulled on x/x and is active.


Reviewer Comment (2019-01-04): The document provided for the business entity is not dated to show proof of being done within 10 days of the Note.
 1/XX/2019  5:15:13 PM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C A C A B A C A Non QM Non QM No
204989223           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Collections / Balance:  [Redacted], Credit Report: Original // Public Record Type: Collections / Balance:  [Redacted]     Reviewer Comment (2019-01-04): Both medical collections and under the collective $xxxx as per guidelines.


Reviewer Comment (2018-12-17): Not addressed in guidelines.  Please provide written guidance.


Seller Comment (2018-12-11): Collection/Charge Offs between 2k and 5k are underwriter discretion, anything under 2k doesn't need to be addressed. Medical collections no matter the amount will never need to be addressed. Public Records are underwriter discretion.
 01/04/2019     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C A C A B A C A Non QM Non QM No
204989223           Credit Credit Miscellaneous Credit Exception:   Missing compliance report.   Reviewer Comment (2019-01-04): Compliance report provided.
 01/04/2019     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C A C A B A C A Non QM Non QM No
204989223           Credit Credit Miscellaneous Credit Exception:   Missing rate lock.   Reviewer Comment (2019-01-07): Rec'd rate lock
 1/XX/2019  7:25:10 AM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C A C A B A C A Non QM Non QM No
204989225           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2018-12-17): Rec'd loan approval.
 12/XX/2018  12:00:00 PM     1 A 7/XX/2018 CA Primary Purchase   C A C A B A C A Non QM Non QM No
204989225           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.   Client will order a secondary valuation at the time of securitization.   Reviewer Comment (2018-11-18): Rec'd desk review.
 11/XX/2018  9:00:58 AM     1 A 7/XX/2018 CA Primary Purchase   C A C A B A C A Non QM Non QM No
204989225           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.   Post disaster inspection not provided.   Reviewer Comment (2018-10-29): Valuation conducted five months after start date and disaster fully contained. Property does not have damage related to the event
 8/XX/2018  3:37:15 PM     1 A 7/XX/2018 CA Primary Purchase   C A C A B A C A Non QM Non QM No
204989225           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2019-01-04): Attestation approved by (Redacted) in file.


Reviewer Comment (2018-12-17): Please provide copy of broker agreement.  Unable to locate in file.


Seller Comment (2018-12-11): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 01/04/2019     1 A 7/XX/2018 CA Primary Purchase   C A C A B A C A Non QM Non QM No
204989225           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The seller's CD reflects $[Redacted] whereas the borrower's CD reflects [Redacted].   Reviewer Comment (2018-11-18): Final CD is combined.  Seller fees are accurate.
 11/XX/2018  9:01:32 AM     1 A 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C A C A B A C A Non QM Non QM Yes
204989225           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing verification of borrower's self-employment for at least two years.   Reviewer Comment (2018-12-31): Received undated business search in Trailing documents


Seller Comment (2018-12-27): XXX is the corporation name but the business name is xxx and you can see that the business address is the same and so is the  borrower and owner


Reviewer Comment (2018-12-17): Rec'd undated internet printout for XXXXXX.  Missing verification of borrower's self-employment for at least two years.
 12/XX/2018  1:15:54 PM     1 A 7/XX/2018 CA Primary Purchase   C A C A B A C A Non QM Non QM No
204989225           Credit Credit Miscellaneous Credit Exception:   Self-employed borrower.  Missing evidence of the existence of the business within [Redacted] calendar days of closing verified through a disinterested third party such as CPA, regulatory agency, applicable licensing bureau, or verification of a phone and address listing using the internet.   Reviewer Comment (2019-01-04): Secretary of State does confirm business registration x/x/xxxx and active currently with borrower as owner.


Reviewer Comment (2018-12-17): Rec'd undated internet printout for XXXXXX which does not match the xxxx self-employment.  Still missing evidence of the existence of the business within xx calendar days of closing verified through a disinterested third party
 01/04/2019     1 A 7/XX/2018 CA Primary Purchase   C A C A B A C A Non QM Non QM No
204989225           Credit Credit Miscellaneous Credit Exception:   Missing rate lock.   Reviewer Comment (2018-12-17): Rec'd rate lock.
 12/XX/2018  11:59:47 AM     1 A 7/XX/2018 CA Primary Purchase   C A C A B A C A Non QM Non QM No
204989226           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date. Hazard Insurance Policy Effective Date ___, Transaction Date:  ___     Reviewer Comment (2018-12-17): Nothing uploaded
 12/XX/2018  12:22:38 PM     1 A 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989226           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2018-12-17): Rec'd approval
 12/XX/2018  12:06:26 PM     1 A 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989226           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.       Reviewer Comment (2019-01-07): Attestation approved by (Redacted) in file.


Reviewer Comment (2018-12-17): nothing rec'd  please provide copy of broker agreement, unable to locate in file.


Reviewer Comment (2018-12-14): Need signed disclosure or attestation.


Seller Comment (2018-12-11): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 1/XX/2019  12:29:03 PM     1 A 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989226           Compliance Compliance Federal Compliance TILA LO Compensation (Dual Compensation)   Processing fee paid by borrower, YSP paid by lender.   Reviewer Comment (2019-02-11): Final settlement statement shows this fee paid to outside processing company directly.


Reviewer Comment (2019-02-11): Updated information provided.


Reviewer Comment (2019-01-28): Loan originator was compensated by both the borrower and the creditor in violation of the dual compensation prohibitions.   No applicable cure can be done.


Seller Comment (2019-01-25): The processing fee is paid to the broker and they are responsible to pay the processor


Reviewer Comment (2018-12-17): CD and closing instructions reflect the processing fee paid to the lender.  If paid to third party, fee is incorrectly reflected in Section A.


Seller Comment (2018-12-11): Processor is contract and doesn't work for Laguna Equity Funding Inc
 2/XX/2019  2:18:32 PM     1 A 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989226           Credit Credit Miscellaneous Credit Exception:   Missing compliance report.   Reviewer Comment (2018-12-17): Rec'd compliance report
 12/XX/2018  12:10:06 PM     1 A 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989226           Credit Credit Miscellaneous Credit Exception:   Missing rate lock.   Reviewer Comment (2018-12-17): rec'd rate lock
 12/XX/2018  12:10:17 PM     1 A 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989226           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___   23% DTI on this bank statement loan < 50% guideline max - 27% below program guideline maximum

70 months reserves >6 months guideline minimum - borrowers have verified reserves of $1,120,000

Residual income $60,682.		 Reviewer Comment (2019-01-27): Client provided exception for not requiring P&L.


Reviewer Comment (2018-12-17): Business bank statement loans require a P&L.


Seller Comment (2018-12-11): P&L not required on this loan program
     1/XX/2019  12:53:26 PM 2 B 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989226           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date   The CD reflects [Redacted] whereas the notary date on the security instrument is [Redacted].   Reviewer Comment (2018-12-12): Exception Cleared.


Reviewer Comment (2018-12-12): The review of the closing date and disbursement date are performed in accordance with the SFIG review scope. Please provide a corrected CD and LOE to cure.


Seller Comment (2018-12-11): California closing documents are not date sensitive therefore it's ok if the borrower doesn't sign the date they're generated.
 12/XX/2018  11:46:44 AM     1 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989226           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date   The review of the closing date and disbursement date are performed in accordance with the SFIG review scope. Please provide a corrected CD and LOE to cure.   Reviewer Comment (2019-01-23): Waive per client.
     1/XX/2019  11:40:12 AM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989226           Compliance Compliance Federal Compliance TRID Invalid Section A Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on [Redacted] reflects a Paid To party other than to lender or broker for fee within Origination Charges. Other fee collected in origination tab for processing fee.   Reviewer Comment (2019-02-11): Waive per email from client.
     2/XX/2019  4:31:32 PM 2 B 8/XX/2018 CA Primary Purchase Good Faith Redisclosure C B C B C B A A Non QM Non QM Yes
204989235           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.   The subject property is located in [Redacted] county which is in a FEMA disaster area that does not have a declared end date.  The appraisal was performed after the FEMA declaration start date but prior to the declared end date.   Reviewer Comment (2018-12-13): Updated end date.  See new exception.


Seller Comment (2018-12-06): Appraisal was completed x.xx.xx and evidences that there is no damage to the property or surrounding areas. FEMA has not updated DR-xxxx since (REDACTED) x, xxxx
 12/XX/2018  7:25:57 AM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Home Improvement   C A C A B A C A Non QM Non QM No
204989235           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.       Reviewer Comment (2018-11-23): Desk review received


Reviewer Comment (2018-11-02): to upload


Buyer Comment (2018-10-29): AVM is not needed with loan amount under $xxx,xxx
 11/XX/2018  10:37:05 AM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Home Improvement   C A C A B A C A Non QM Non QM No
204989235           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. LO Compensation Disclosure is missing from the file.   Reviewer Comment (2019-01-04): Attestation approved by (Redacted) in file.


Reviewer Comment (2018-12-13): Please provide broker agreement.  Unable to locate in file.


Seller Comment (2018-12-06): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 01/04/2019     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Home Improvement   C A C A B A C A Non QM Non QM No
204989235           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.   Please provide PDI dated after [Redacted]   Reviewer Comment (2019-01-03): PDI dated xx/xx/xx indicates no property damage was suffered by the subject.
 1/XX/2019  2:07:53 PM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Home Improvement   C A C A B A C A Non QM Non QM No
204989237           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Approval was not provided.   Reviewer Comment (2018-10-29): Received
 10/XX/2018  9:23:13 AM     1 A 7/XX/2018 CA Primary Purchase   C B C B B A A A Non QM Non QM No
204989237           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date. Hazard Insurance Policy Effective Date ___, Transaction Date:  ___ Hazard effective date [Redacted], Note date [Redacted]   Reviewer Comment (2018-12-31): Received updated insurance in Trailing documents


Reviewer Comment (2018-12-08): The settlement statement in file reflects the borrower paid interest from x/xx/xx.  Coverage was not in place until x/xx/xx.


Seller Comment (2018-12-06): California loan documents are not date sensitive and the final settlement that was provided evidences that it funded x/xx/xxxx therefore the EOI being effective the same day is acceptable


Reviewer Comment (2018-10-29): Final Closing Disclosure in file dated xx/xx/xxxx has disbursement date as xx/xx/xxxx.


Buyer Comment (2018-10-29): Please see attached final estimate with the disbursement date of x/xx, EOI is acceptable
 12/XX/2018  1:31:48 PM     1 A 7/XX/2018 CA Primary Purchase   C B C B B A A A Non QM Non QM No
204989237           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. No evidence of compensation disclosure sent to borrower.   Reviewer Comment (2019-01-04): Attestation approved by (Redacted) in file.


Reviewer Comment (2018-12-08): Please provide broker agreement, unable to locate in file.


Seller Comment (2018-12-06): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 01/04/2019     1 A 7/XX/2018 CA Primary Purchase   C B C B B A A A Non QM Non QM No
204989237           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The Seller's final CD indicates a fee of [Redacted] for the Home warranty; however, the Consumer's final CD indicates the fee is [Redacted].   Reviewer Comment (2018-12-31): see revised exception
 12/XX/2018  1:42:01 PM     1 A 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B A A A Non QM Non QM Yes
204989237           Credit Credit Credit Eligibility Guideline Issue:  Foreclosure timeline outside of credit guidelines   Previous foreclosure x.x years prior to Close vs x years minimum requirement per guidelines. 74.6 months reserves > 6 months guideline minimum - borrowers have verified reserves of $198,312.56

59.999% LTV < 85% guideline max		 Reviewer Comment (2018-10-29): Received Exception Request Form. Foreclosure was less than x years ago. Compensating Factors: x) LTV. x) Down payment. x) Reserves.
     10/XX/2018  10:14:28 AM 2 B 7/XX/2018 CA Primary Purchase   C B C B B A A A Non QM Non QM No
204989239           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.   Property inspected post disaster but pre-FEMA declaration of disaster end date.  Property inspection on [Redacted] is after disaster date on [Redacted].   Reviewer Comment (2018-12-31): Property inspection is after the disaster date.


Seller Comment (2018-12-27): Appraisal was completed x.x.xx and evidences that there is no damage to the property or surrounding areas. FEMA has not updated DR-xxxx since (REDACTED) x, xxxx
 12/XX/2018  2:23:35 PM     1 A 7/XX/2018 CA Primary Purchase   D B C B D B A A Non QM Non QM No
204989239           Compliance Compliance Federal Compliance RESPA -  Initial Escrow Account statement Inaccurate RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. Final CD shows initial escrow payment collected at closing as [Redacted]. Initial Escrow shows initial deposit of [Redacted].   Reviewer Comment (2018-12-31): Rec'd correct disclosure.


Seller Comment (2018-12-27): this loan was a redraw and escrow had the wrong xst page for the initial escrow disclosure, please see attached correct one
 12/XX/2018  2:35:20 PM     1 A 7/XX/2018 CA Primary Purchase   D B C B D B A A Non QM Non QM Yes
204989239           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) Closing Disclosure Closing Date [Redacted] vs. Actual Closing Date [Redacted]   Reviewer Comment (2018-12-31): duplicate


Reviewer Comment (2018-12-31): (Redacted) performs its file review in accordance with the SFIG RMBS x.x Compliance Review Scope. Under the SFIG Review Scope If the CD issued at docs becomes inaccurate, a corrected CD needs to be issued reflecting the actual terms of the transaction. Please provide corrected CD and LOE to cure.


Seller Comment (2018-12-27): California closing documents are not date sensitive therefore it's ok if the borrower doesn't sign the date they're generated.
 12/XX/2018  2:35:20 PM     1 A 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B D B A A Non QM Non QM Yes
204989239           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Final/[Redacted]) Final CD shows [Redacted] months insurance premium of [Redacted] but monthly escrows of [Redacted] ( $[Redacted] annual); HOI policy in file reflects annual premium of [Redacted].   Reviewer Comment (2018-12-31): duplicate
 12/XX/2018  2:35:20 PM     1 A 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B D B A A Non QM Non QM Yes
204989239           Compliance Compliance Federal Compliance TRID Seller Closing Disclosure Fees Lesser than Final Closing Disclosure Seller Paid Fees TILA-RESPA Integrated Disclosure:  Fees disclosed on the Seller's Closing Disclosure are less than the Seller Paid fees disclosed on the Consumer's Final Closing Disclosure. (Final/[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure. Seller CD fees total  [Redacted] while closing CD seller's fees total [Redacted].   Reviewer Comment (2018-12-31): Exception Cleared
 12/XX/2018  7:29:30 AM     1 A 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B D B A A Non QM Non QM Yes
204989239           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Lender loan approval not found in loan file.   Reviewer Comment (2018-12-31): Rec'd loan approval.
 12/XX/2018  2:28:27 PM     1 A 7/XX/2018 CA Primary Purchase   D B C B D B A A Non QM Non QM No
204989239           Compliance Loan Package Documentation Loan File (Missing Doc) Loan images/file not provided   Rate lock form not provided; unable to accurately determine rate lock date.  COC form for rate lock indicates change occurred on [Redacted] and loan detail report shows rate locked on [Redacted].   Reviewer Comment (2019-01-14): Rate lock provided and able to determine proper dates.


Reviewer Comment (2018-12-31): Rec'd COC.  Missing rate lock form.


Seller Comment (2018-12-27): loan was locked x/xx the coc form was a typo .. see attached
 1/XX/2019  7:19:27 PM     1 A 7/XX/2018 CA Primary Purchase   D B C B D B A A Non QM Non QM No
204989239           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2019-01-07): Attestation approved by (Redacted) in file.


Reviewer Comment (2018-12-31): Unable to locate broker agreement in file.  Please provide.


Seller Comment (2018-12-27): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 1/XX/2019  5:54:13 PM     1 A 7/XX/2018 CA Primary Purchase   D B C B D B A A Non QM Non QM No
204989239           Credit Assets Asset Documentation Aged document: Asset Account date is more than 90 days prior to the note. Financial Institution: [Redacted] / End Date: [Redacted] // Account Type:[Redacted]/ Account Number: [Redacted] Asset Account Date: ___
Asset Account Date: ___
Asset Account Date: ___		 Retirement account statement is greater than [Redacted] days prior to Note date.   Reviewer Comment (2019-01-22): Quarterly statement is within xxx days, which is acceptable for guidelines.


Reviewer Comment (2018-12-31): The statement was > xx days at the time the loan closed.  This is a valid exception.


Seller Comment (2018-12-27): This is quarterly and the borrower hadn't received the new statement ending in (REDACTED) at the time of closing. Documentation provided was acceptable.
 1/XX/2019  4:52:44 PM     1 A 7/XX/2018 CA Primary Purchase   D B C B D B A A Non QM Non QM No
204989239           Credit Credit Miscellaneous Credit Exception:   Missing verification of short sale date for property located at [Redacted].  Unable to determine if [Redacted] month seasoning requirement has been met. Borrower has owned the subject property for 20 years

Borrower has job stability for 18 years.

38 months of reserves		 Reviewer Comment (2019-01-23): Rec'd exception.  Short sale < x years.
     1/XX/2019  10:18:08 AM 2 B 7/XX/2018 CA Primary Purchase   D B C B D B A A Non QM Non QM No
204989239           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) [Redacted] performs its file review in accordance with the SFIG RMBS 3.0 Compliance Review Scope. Under the SFIG Review Scope If the CD issued at docs becomes inaccurate, a corrected CD needs to be issued reflecting the actual terms of the transaction. Please provide corrected CD and LOE to cure.   Reviewer Comment (2019-01-15): Ok to waive per client.


Seller Comment (2019-01-14): California closing documents are not date sensitive therefore it's ok if the borrower doesn't sign the date they're generated. Please Waive
     1/XX/2019  6:31:23 PM 2 B 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B D B A A Non QM Non QM Yes
204989239           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Final/[Redacted]) Final CD shows [Redacted] months insurance premium of [Redacted] but monthly escrows of [Redacted] ( $[Redacted] annual); HOI policy in file reflects annual premium of [Redacted].   Reviewer Comment (2019-01-15): Letter of Explanation & Corrected Closing Disclosure provided.  Cure occurred prior to (Redacted) review.
   1/XX/2019  5:54:37 PM   2 B 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B D B A A Non QM Non QM Yes
204989244           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.19070% or Final Disclosure APR of 7.19800% is in excess of allowable threshold of APOR 4.42% + 1.5%, or 5.92000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     05/04/2018 1 A 4/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989244           Compliance Compliance Federal Compliance 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. Missing evidence of the borrower's receipt of the List of Homeownership Counseling Organizations.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     5/XX/2018  11:43:57 AM 2 B 4/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989244           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 7.19070% or Final Disclosure APR of 7.19800% is in excess of allowable threshold of APOR 4.42% + 1.5%, or 5.92000%.  Compliant Higher Priced Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     05/04/2018 1 A 4/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989244           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2018-10-29): Seller provided the initial ARM disclosure dated  [Redacted]
 6/XX/2018  11:23:01 AM     1 A 4/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204989244           Compliance Compliance Federal Compliance RESPA  -  Initial Escrow Account Statement Not Provided Timely RESPA: Initial escrow account statement was not provided to the borrower at closing. The Escrow notice was signed on [Redacted], within the disbursement period for the loan.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     5/XX/2018  11:44:03 AM 2 B 4/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989244           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. (Final/[Redacted]) Disclosure reflects Closing Date of ([Redacted]), but transaction consummation (mortgage notary) date was ([Redacted]).  The Note and Security Instrument agreement dates reflect[Redacted], which is the disbursement date.  A Post Consummation CD should be provided correcting the closing date.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     5/XX/2018  11:44:14 AM 2 B 4/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989244           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2018-10-29): Seller provided the initial CD tracking disclosure dated  [Redacted]
 5/XX/2018  11:47:35 AM     1 A 4/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204989244           Credit Credit Credit Documentation Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Please provide VOM for [Redacted] with private lender supporting maximum 1x30x12.   Reviewer Comment (2018-10-29): Borrower has owned [Redacted] since  [Redacted] - 0x30x7 provided per  [Redacted].
 5/XX/2018  2:44:37 PM     1 A 4/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989244           Compliance Compliance Miscellaneous Compliance Unable to determine occupancy, compliance results were generated using a defaulted value of Primary.   Occupancy in question as current residence has higher value than subject property, no LOE in file supporting reason for move with [Redacted] and borrower current owns several rental properties.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     5/XX/2018  11:44:24 AM 2 B 4/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989244           Credit Missing Document General Missing Document: Verification of Non-US Citizen Status not provided   Lender approved exception to allow Borrower lives in the United States under a type [Redacted] (which must be extended). Holders of Type [Redacted]s are eligible for green cards if they have lived in the US for three continuous years; borrower has lived in the US for more than x continuous years (since the year [Redacted]) and has an appointment for a green card. Borrower is authorized to work in the United States by the US Dept of Homeland Security. Self-employed for 5 years, XXX XXX

Excellent payment history with no late payments listed on credit report (has a mortgage 0x30 since inception 12/06)

DTI is 39.59165%, 10.40835% < program maximum of 50%

Credit score is 725, 5 points > program requirement of 720		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     05/04/2018 2 B 4/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989248           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.       Reviewer Comment (2018-12-13): Updated end date.  See new exception.


Seller Comment (2018-12-06): Appraisal was completed x.xx.xx and evidences that there is no damage to the property or surrounding areas. FEMA has not updated DR-xxxx since (REDACTED) x, xxxx
 12/XX/2018  7:30:51 AM     1 A 7/XX/2018 CA Investment Purchase   C A C A A A A A N/A N/A No
204989248           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Final approval was not provided.   Reviewer Comment (2018-10-29): Received
 10/XX/2018  9:27:11 AM     1 A 7/XX/2018 CA Investment Purchase   C A C A A A A A N/A N/A No
204989248           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.   Please provide PDI dated after [Redacted].   Reviewer Comment (2019-01-02): Rec'd PDI dated xx/xx/xx, no damage.
 1/XX/2019  12:14:08 PM     1 A 7/XX/2018 CA Investment Purchase   C A C A A A A A N/A N/A No
204989259           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.   The subject property is located in [Redacted] county which is in a FEMA disaster area that does not have a declared end date.  The appraisal was performed after the FEMA declaration start date but prior to the declared end date.   Reviewer Comment (2018-10-29): x months have elapsed since the disaster and appraisal notes no damage.
 10/XX/2018  3:29:42 PM     1 A 8/XX/2018 CA Primary Purchase   C B C B C A C A Non QM Non QM No
204989259           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.   Second valuation added   Reviewer Comment (2018-10-29): Satisfactory desk review has been provided.
 10/XX/2018  3:27:10 PM     1 A 8/XX/2018 CA Primary Purchase   C B C B C A C A Non QM Non QM No
204989259           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date. Hazard Insurance Policy Effective Date ___, Transaction Date:  ___ The final Closing Disclosure reflects a Closing Date of [Redacted] and a Disbursement Date of [Redacted], but the Hazard Insurance Policy Effective Date was [Redacted].  Provide a post-close CD and a copy of the letter of explanation to the borrower disclosing the changes made.   Reviewer Comment (2019-01-07): Final settlement/disbursement date is shown to be x/x and same day insurance is effective.  No further action necessary.


Reviewer Comment (2018-12-14): Please provided updated Closing Disclosure with new Disbursement date.
 1/XX/2019  3:05:28 PM     1 A 8/XX/2018 CA Primary Purchase   C B C B C A C A Non QM Non QM No
204989259           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: Property is located in a FEMA Disaster area and has been affected by the disaster. Disaster Name: ___
Disaster Declaration Date: ___		 The subject property is located in [Redacted] county which is in a FEMA disaster area that does not have a declared end date.  The appraisal was performed after the FEMA declaration start date but prior to the declared end date.   Reviewer Comment (2018-12-08): Duplicate.  Cleared.


Seller Comment (2018-12-06): this is a duplicate and was cleared
 12/XX/2018  9:02:59 AM     1 A 8/XX/2018 CA Primary Purchase   C B C B C A C A Non QM Non QM No
204989259           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Missing approval   Reviewer Comment (2018-12-08): Rec'd loan approval.
 12/XX/2018  9:03:14 AM     1 A 8/XX/2018 CA Primary Purchase   C B C B C A C A Non QM Non QM No
204989259           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.   Reviewer Comment (2019-01-07): Attestation approved by (Redacted) in file.


Reviewer Comment (2018-12-08): Please provide copy of broker agreement.  Unable to locate in file.


Seller Comment (2018-12-06): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 1/XX/2019  11:45:38 AM     1 A 8/XX/2018 CA Primary Purchase   C B C B C A C A Non QM Non QM No
204989259           Compliance Compliance Federal Compliance 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. ATR fail for 1) Insufficient income documentation, and 2) lack of lender approval to grant exception for borrower's DTI exceeding 50% guideline.   Reviewer Comment (2019-01-07): Zillow provided for future rents on departing residence.  Per guidelines, this is acceptable documentation.


Reviewer Comment (2018-12-17): Documentation provided does not meet ATR requirements.


Seller Comment (2018-12-11): this is what was used to calculate rents


Reviewer Comment (2018-12-08): Still missing lease.
 1/XX/2019  3:06:29 PM     1 A 8/XX/2018 CA Primary Purchase Lender to provide updated ATR/QM status C B C B C A C A Non QM Non QM Yes
204989259           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - REO 25% Method Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income (25% Method) using reasonably reliable third-party records. (Non-Subject Investment/25% Vacancy Method) Insufficient documentation - no personal tax returns, Schedule E, or current Lease Agreement in file.   Reviewer Comment (2018-12-08): duplicate


Reviewer Comment (2018-12-08): Missing lease agreement.


Seller Comment (2018-12-06): There is no Sch E as the property is a departing residence that is turning into a rental
 12/XX/2018  9:13:36 AM     1 A 8/XX/2018 CA Primary Purchase   C B C B C A C A Non QM Non QM No
204989259           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant.  Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller's CD shows [Redacted] in seller paid closing costs, borrower's final CD shows [Redacted].  Provide a post-close CD correcting the seller paid fees and a copy of the letter of explanation to the borrower disclosing the changes made.   Reviewer Comment (2018-12-08): Duplicate
 12/XX/2018  9:13:36 AM     1 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C A C A Non QM Non QM Yes
204989259           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Wire /Funding/ Disbursement Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Zero Percent Fee Tolerance exceeded for Title - Wire /Funding/ Disbursement Fee [Redacted].   Excessive lender credit on final CD in excess of tolerance violation, but identification of cure amount above the Legal Limit not provided to the borrower at Closing.       8/XX/2018  11:50:24 AM   1 A 8/XX/2018 CA Primary Purchase Final CD evidences Cure C B C B C A C A Non QM Non QM Yes
204989259           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. No lender exception or loan approval in file approving guideline variance for DTI > [Redacted]. 24 months reserves > 6 months guideline minimum.

Borrower has a disposable income of $9,100.		 Reviewer Comment (2018-12-08): Rec'd exception for DTI > 50%.
     12/XX/2018  9:02:37 AM 2 B 8/XX/2018 CA Primary Purchase   C B C B C A C A Non QM Non QM No
204989259           Compliance Compliance Federal Compliance 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. The borrower failed to provide sufficient income documentation to support qualifying income.  Additionally, the loan file does not contain evidence the lender made an exception for the borrower's DTI exceeding guidelines of [Redacted].   Reviewer Comment (2018-12-08): Rec'd DTI exception
 12/XX/2018  9:13:36 AM     1 A 8/XX/2018 CA Primary Purchase   C B C B C A C A Non QM Non QM No
204989259           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Guidelines state that ARM loans are not assumable.   Reviewer Comment (2018-12-08): Duplicate


Seller Comment (2018-12-06): This was a system glitch and has now been fixed
 12/XX/2018  9:13:36 AM     1 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C A C A Non QM Non QM Yes
204989259           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - REO 25% Method Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income (25% Method) using reasonably reliable third-party records. (Non-Subject Investment/25% Vacancy Method) Missing lease.   Reviewer Comment (2019-01-07): Zillow provided for departing residence for future rents as property is not yet rented.  Per guidelines, this is acceptable documentation.


Reviewer Comment (2018-12-08): Still missing lease.
 1/XX/2019  3:11:00 PM     1 A 8/XX/2018 CA Primary Purchase   C B C B C A C A Non QM Non QM No
204989259           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) The final CD discloses the loan is not assumable, the note contains assumption language.   Reviewer Comment (2018-12-12): Upon further review, the exception is cleared.


Seller Comment (2018-12-11): This was a system glitch and has now been fixed
 12/XX/2018  12:25:39 PM     1 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C A C A Non QM Non QM Yes
204989261           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date.         10/XX/2018  9:54:19 AM     1 A 7/XX/2018 AZ Primary Purchase   C A C A B A C A Non QM Non QM No
204989261           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided         10/XX/2018  9:54:37 AM     1 A 7/XX/2018 AZ Primary Purchase   C A C A B A C A Non QM Non QM No
204989261           Compliance Compliance Federal Compliance ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)         1/XX/2019  6:55:48 PM     1 A 7/XX/2018 AZ Primary Purchase   C A C A B A C A Non QM Non QM No
204989261           Compliance Compliance Federal Compliance TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure       Reviewer Comment (2019-03-20): Update
 3/XX/2019  1:14:58 PM     1 A 7/XX/2018 AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C A C A B A C A Non QM Non QM Yes
204989261           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.         10/XX/2018  9:57:22 AM     1 A 7/XX/2018 AZ Primary Purchase   C A C A B A C A Non QM Non QM No
204989263           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Approval was not provided.   Reviewer Comment (2019-01-02): rec'd loan approval
 1/XX/2019  12:17:59 PM     1 A 7/XX/2018 CA Primary Purchase   D A D A B A C A Non QM Non QM No
204989263           Credit Loan Package Documentation Application / Processing Missing Document: Purchase Agreement / Sales Contract not provided   Lease with option to pur[Redacted]agreement was not provided.   Reviewer Comment (2019-01-04): Fully executed escrow prepared by title due to for sale by owner.  This is acceptable in CA and contains all necessary items for a purchase agreement.


Reviewer Comment (2019-01-02): Escrow instructions are not sufficient.  Missing purchase contract.


Seller Comment (2018-12-28): attached is the escrow instruction for the purchase as it is for sale by owner
 01/04/2019     1 A 7/XX/2018 CA Primary Purchase   D A D A B A C A Non QM Non QM No
204989263           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.   N/A - Disaster date [Redacted] was prior to appraisal effective date [Redacted]   Reviewer Comment (2018-12-13): Updated end date.  See new exception.


Seller Comment (2018-12-06): Appraisal was completed x.xx.xx and evidences that there is no damage to the property or surrounding areas. FEMA has not updated DR-xxxx since (REDACTED) x, xxxx
 12/XX/2018  7:36:41 AM     1 A 7/XX/2018 CA Primary Purchase   D A D A B A C A Non QM Non QM No
204989263           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.   Client to order secondary valuation at time of securitization.   Reviewer Comment (2018-11-18): Rec'd desk review
 11/XX/2018  9:56:39 AM     1 A 7/XX/2018 CA Primary Purchase   D A D A B A C A Non QM Non QM No
204989263           Compliance Compliance Federal Compliance TIL Higher Priced Mortgage Loan Safe Harbor TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. Lender on appraisal differs than lender on note and no appraisal transfer was provided.   Reviewer Comment (2019-01-02): Rec'd appraisal transfer letter.


Seller Comment (2018-12-28): this is in the file under appraisal, see attached
 1/XX/2019  1:19:11 PM     1 A 7/XX/2018 CA Primary Purchase   D A D A B A C A Non QM Non QM No
204989263           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. LO Compensation Disclosure was not provided.   Reviewer Comment (2019-01-04): Attestation approved by (Redacted) in file.


Reviewer Comment (2019-01-02): Unable to locate in file.  Please provide copy of broker agreement.


Seller Comment (2018-12-28): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 01/04/2019     1 A 7/XX/2018 CA Primary Purchase   D A D A B A C A Non QM Non QM No
204989263           Credit Credit Credit Documentation Missing Document: Credit Report not provided   All pages of credit report from[Redacted] were not provided.   Reviewer Comment (2019-01-02): Credit report in file.


Seller Comment (2018-12-28): credit report is in the file and files under FACTA Disclosure
 1/XX/2019  1:22:21 PM     1 A 7/XX/2018 CA Primary Purchase   D A D A B A C A Non QM Non QM No
204989263           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.   Please provide PDI dated after [Redacted]   Reviewer Comment (2019-01-03): Received
 1/XX/2019  3:35:14 PM     1 A 7/XX/2018 CA Primary Purchase   D A D A B A C A Non QM Non QM No
204989267           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-01-07): Approval provided.
 1/XX/2019  3:08:31 PM     1 A 7/XX/2018 CA Primary Purchase   C B C B B A C A Non QM Non QM No
204989267           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.       Reviewer Comment (2018-10-29): Satisfactory desk review has been provided.
 10/XX/2018  3:16:40 PM     1 A 7/XX/2018 CA Primary Purchase   C B C B B A C A Non QM Non QM No
204989267           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. LO Compensation Disclosure is missing.   Reviewer Comment (2019-01-07): Attestation approved by (Redacted) in file.


Seller Comment (2019-01-05): please waive
We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 1/XX/2019  12:01:00 PM     1 A 7/XX/2018 CA Primary Purchase   C B C B B A C A Non QM Non QM No
204989267           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Seller's Closing Disclosure includes seller paid Real Estate Commissions which are not reflected on the Borrower's final Closing Disclosure.   Seller CD is showing the closing costs of [Redacted]; whereas the Borrower Final CD is showing the Seller closing costs of [Redacted].   Reviewer Comment (2019-01-07): Ok to waive per client.
 1/XX/2019  3:58:06 PM     1 A 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B A C A Non QM Non QM Yes
204989267           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Minimum Loan Amount discrepancy. Note loan amount of ___ is less than Guideline minimum loan amount of ___. Minimum loan amount is [Redacted] per guideline requirement.  Lender has made an exception for [Redacted].   It is noted on Page [Redacted].   Lender did not list any compensating factors. Borrower has employment stability for 11.75 years.

23% DTI on this (Full Documentation)  < 50.00% guideline max - 27% below program guideline maximum

802 representative FICO score > 680 guideline minimum - 122 points above guideline minimum		 Reviewer Comment (2019-01-07): Exception provided with x compensating factors.
     1/XX/2019  3:53:14 PM 2 B 7/XX/2018 CA Primary Purchase   C B C B B A C A Non QM Non QM No
204989267           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ Guideline requirement is [Redacted] months of bank statements for business.  Lender has made an exception to use [Redacted] months of business bank statements for the deal.  It is noted on Page [Redacted].   Lender did not list any compensating factors. Borrower has employment stability for 11.75 years.

23% DTI on this (Full Documentation)  < 50.00% guideline max - 27% below program guideline maximum

802 representative FICO score > 680 guideline minimum - 122 points above guideline minimum		 Reviewer Comment (2019-01-07): Exception provided with compensating factors.


Seller Comment (2019-01-07): we have a xx month business bank statement program
     1/XX/2019  3:54:08 PM 2 B 7/XX/2018 CA Primary Purchase   C B C B B A C A Non QM Non QM No
204989268           Credit Loan Package Documentation Application / Processing Missing Document: Tax Certificate not provided   Property Tax Certificate was not provided and the Title Commitment does not reflect Annual Property Taxes paid or due.  Taxes were obtained from the Appraisal and may no be accurate.   Reviewer Comment (2018-10-29): Seller provided the tax cert for  [Redacted].
 5/XX/2018  2:43:59 PM     1 A 4/XX/2018 FL Second Home Purchase   C B C A C B A A Non QM Non QM No
204989268           Credit Credit AUS Discrepancy / Guidelines Discrepancy AUS Findings: All conditions were not met   Per approval required Borrower's employer explanation if WVOE was in USD or[Redacted] and why YTD earnings do not compute with salary.   Reviewer Comment (2018-10-29): Seller provided the VVOE which is in GBP and currently conversion matching monthly /annual salary.
 5/XX/2018  2:50:47 PM     1 A 4/XX/2018 FL Second Home Purchase   C B C A C B A A Non QM Non QM No
204989268           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.     Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     5/XX/2018  2:25:56 PM 2 B 4/XX/2018 FL Second Home Purchase   C B C A C B A A Non QM Non QM No
204989268           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     5/XX/2018  2:26:05 PM 2 B 4/XX/2018 FL Second Home Purchase   C B C A C B A A Non QM Non QM No
204989268           Compliance Compliance Federal Compliance 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 $XXX on Final Closing Disclosure provided on 04/XX/2018 not accurate. (Final/XX/XX/2018) Page 1 of the Final CD indicates that the borrower will pay monthly escrows of $[Redacted] for Taxes and Insurance, and monthly Taxes, Insurance and HOA fees of $[Redacted], however, the total including HOA fees should be $[Redacted].  It should be noted that Taxes were taken from the Appraisal due to a missing Tax Certification (exception set) and may be the actual cause of the variance.   Reviewer Comment (2018-10-29): Seller is using xxx.xx HOA fees monthly from the sales addendum.


Reviewer Comment (2018-10-29): Seller provided copy of the initial CD. Exception is based on final CD page x Non-escowed items over x year in the amount of x,xxx.xx M HOA fee from appraisal of xxx a month xxx=x,xxx > than amount disclose. Please provide a corrected PCCD and LOX for cure. Exception remains.


Seller Comment (2018-10-29): PCCD Being sent out with correct figures.


Reviewer Comment (2018-10-29): Non-escrow items over x year x,xxx.xx < HOA fee xxxxxx=xxxx. Exception remains.
 5/XX/2018  2:12:42 PM     1 A 4/XX/2018 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204989268           Credit Loan Package Documentation Closing / Title Missing Document: Rider - PUD not provided       Reviewer Comment (2018-10-29): Seller provided a copy of he signed PUD rider dated  [Redacted]
 5/XX/2018  2:39:34 PM     1 A 4/XX/2018 FL Second Home Purchase   C B C A C B A A Non QM Non QM No
204989268           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The only seller paid fees disclosed on the borrower's CD were the Real Estate Commissions.  Seller paid fees added to the Final CD include[Redacted]   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.


Reviewer Comment (2018-10-29): Seller CD closing fees paid xx,xxx > consumer CD x. Please provided a corrected PCCD, LOX and proof of delivery. Exception remains.
     5/XX/2018  11:32:38 AM 2 B 4/XX/2018 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204989268           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final[Redacted]) $[Redacted]  escrow property costs over 1 year < $[Redacted] escrow due monthly.   Reviewer Comment (2018-10-29): Under xxxx.xx(c)(x), for loans subject to RESPA, the estimated escrow payments (REDACTED) be determined under the escrow account analysis disclosure. Using the IEAD figures from page xxx of the file, the payments made to the escrow account total $xxx.xx, which are consistent with the amount disclosed under Section G of the CD as well as the Projected Payments table on Page x
 5/XX/2018  3:14:15 PM     1 A 4/XX/2018 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204989268           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/423653) CD projected escrow payment 369.50< escrow payment of 369.53.   Reviewer Comment (2018-10-29): Under xxxx.xx(c)(x), for loans subject to RESPA, the estimated escrow payments (REDACTED) be determined under the escrow account analysis disclosure. Using the IEAD figures from page xxx of the file, the payments made to the escrow account total $xxx.xx, which are consistent with the amount disclosed under Section G of the CD as well as the Projected Payments table on Page x
 5/XX/2018  3:14:22 PM     1 A 4/XX/2018 FL Second Home Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
204989268           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Fixed Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/423653) CD projected total minimum payment [Redacted] < actual total minimum payment due [Redacted].   Reviewer Comment (2018-10-29): Under xxxx.xx(c)(x), for loans subject to RESPA, the estimated escrow payments (REDACTED) be determined under the escrow account analysis disclosure. Using the IEAD figures from page xxx of the file, the payments made to the escrow account total $xxx.xx, which are consistent with the amount disclosed under Section G of the CD as well as the Projected Payments table on Page x
 5/XX/2018  3:14:32 PM     1 A 4/XX/2018 FL Second Home Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
204989269           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Loan approval not evidenced in loan file.   Reviewer Comment (2018-12-17): Rec'd loan approval.
 12/XX/2018  10:37:09 AM     1 A 08/04/2018 CA Primary Purchase   C B C A B B C A Non QM Non QM No
204989269           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted],  Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. ([Redacted]) Missing [Redacted] tax returns and Kx.   Reviewer Comment (2018-12-08): duplicate


Seller Comment (2018-12-06): Documentation provided was acceptable, loan is still non-QM and not an ATR fail
 12/XX/2018  9:25:20 AM     1 A 08/04/2018 CA Primary Purchase   C B C A B B C A Non QM Non QM No
204989269           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date. Hazard Insurance Policy Effective Date ___, Transaction Date:  ___ Final CD reflects disbursement date of [Redacted].  Hazard policy reflects effective date of [Redacted].   Reviewer Comment (2019-01-02): Rec'd updated policy reflecting coverage dates of x/x/xx through x/x/xx.


Reviewer Comment (2018-12-17): Rec'd final settlement statement reflecting x/x/xx.  Coverage was not in place until x/x/xx.
 1/XX/2019  1:54:26 PM     1 A 08/04/2018 CA Primary Purchase   C B C A B B C A Non QM Non QM No
204989269           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.   The subject property is located in [Redacted] county which is in a FEMA disaster area that does not have a declared end date.  The appraisal was performed after the FEMA declaration start date but prior to the declared end date.   Reviewer Comment (2018-12-08): Cleared with compliance re-run.


Seller Comment (2018-12-06): Appraisal was completed x.x.xx and evidences that there is no damage to the property or surrounding areas. FEMA has not updated DR-xxxx since (REDACTED) x, xxxx
 12/XX/2018  9:25:44 AM     1 A 08/04/2018 CA Primary Purchase   C B C A B B C A Non QM Non QM No
204989269           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.       Reviewer Comment (2018-10-29): Satisfactory desk review has been provided.
 10/XX/2018  3:20:37 PM     1 A 08/04/2018 CA Primary Purchase   C B C A B B C A Non QM Non QM No
204989269           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Disclosure not evidenced in loan file.   Reviewer Comment (2019-01-07): Attestation approved by (Redacted) in file.


Reviewer Comment (2018-12-08): Please provide copy of broker agreement.  Unable to locate in file.


Seller Comment (2018-12-06): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 1/XX/2019  5:21:10 PM     1 A 08/04/2018 CA Primary Purchase   C B C A B B C A Non QM Non QM No
204989269           Credit Loan Package Documentation Application / Processing Missing Valuation:   Field Review or CDA not evidenced in loan file.  Per guidelines, loan amounts between [Redacted] and [Redacted] require a Field Review or CDA.  File contains an AVM, which does not meet review requirement.   Reviewer Comment (2018-12-08): CDA rec'd.


Seller Comment (2018-12-06): this is duplicate and desk review was provided please clear
 12/XX/2018  9:30:47 AM     1 A 08/04/2018 CA Primary Purchase   C B C A B B C A Non QM Non QM No
204989269           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant.  Seller paid fees on Seller CD are not consistent with those on Borrower Final CD.  Seller CD reflects [Redacted] in seller paid fees.  Borrower Final CD reflects [Redacted] in seller paid fees.   Reviewer Comment (2018-12-08): duplicate
 12/XX/2018  9:25:20 AM     1 A 08/04/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B C A Non QM Non QM Yes
204989269           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted],  Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. ([Redacted]) The borrower's [Redacted] tax returns are required for ATR.   Reviewer Comment (2019-01-10): Waive per client


Reviewer Comment (2019-01-10): Understood that there is a small ownership percentage however, it is a loss and must still be reviewed and updated to meet ATR requirements.  This loss does flow to their personal returns and can have an effect on their overall income.


Seller Comment (2019-01-09): The borrower filed an extension that is in the file... The positive income used was all current income from the borrower's primary job and he was hit with the negative income from the self-employment Kx for xxxx.  Also the ownership percentage is less than x%


Reviewer Comment (2018-12-17): Documentation provided does not meet ATR requirements.


Seller Comment (2018-12-11): Documentation provided was acceptable, loan is still non-QM and not an ATR fail
     1/XX/2019  4:23:47 PM 2 B 08/04/2018 CA Primary Purchase   C B C A B B C A Non QM Non QM No
204989269           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Note is ARM assumable, CD is not assumable   Reviewer Comment (2019-01-10): Ok to waive per client.  Note verbiage is correct.
     1/XX/2019  12:05:48 PM 2 B 08/04/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B C A Non QM Non QM Yes
204989271           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation disclosure is not in the file.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     5/XX/2018  12:38:06 PM 2 B 4/XX/2018 FL Second Home Purchase   C B C B B B A A Non QM Non QM No
204989271           Compliance Compliance Federal Compliance TRID Final Closing Disclosure No Seller Paid Fees Non Primary Residence TRID Final Closing Disclosure [Redacted] on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (Final/[Redacted]) The Seller CD in file did not reflect any seller paid fees on page 2, with minor adjustments on page 1.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     5/XX/2018  12:38:16 PM 2 B 4/XX/2018 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
204989271           Credit Assets Asset Documentation Aged document: Asset Account date is more than 90 days prior to the note. Financial Institution: [Redacted] / End Date: [Redacted] // Account Type: Funds from Business Account / Account Number: [Redacted] Asset Account Date: ___   Borrower has job stability for 22 XXX XXX

Excellent mortgage payment history, no late payments listed on credit report

26.39363% DTI on this Alt documentation loan < 50% guideline max - 23.60637% below program guideline maximum

687 representative FICO score > 680 guideline minimum - 7 points above guideline minimum		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.


Seller Comment (2018-10-29): Seller in process of obtaining  [Redacted]division of  [Redacted] ending in  [Redacted]
     5/XX/2018  2:23:12 PM 2 B 4/XX/2018 FL Second Home Purchase   C B C B B B A A Non QM Non QM No
204989271           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Confirmed that the note includes an Assumption Clause and that there is not a Note addendum cancelling that option.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     5/XX/2018  12:38:31 PM 2 B 4/XX/2018 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
204989277           Compliance Compliance Federal Compliance FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (2018). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $1000.00 (2018) (an overage of $[Redacted] or .[Redacted]%).     Reviewer Comment (2019-01-10): No longer applies.
 1/XX/2019  12:30:11 PM     1 A 8/XX/2018 CA Investment Refinance - Cash-out - Other   C A C A B A C A N/A N/A Yes
204989277           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.       Reviewer Comment (2019-01-07): Valuation conducted five months after start date and disaster fully contained. Property does not have damage related to the event


Seller Comment (2019-01-05): Appraisal was completed x.x.xx and evidences that there is no damage to the property or surrounding areas. FEMA has not updated DR-xxxx since (REDACTED) x, xxxx
 1/XX/2019  10:38:31 AM     1 A 8/XX/2018 CA Investment Refinance - Cash-out - Other   C A C A B A C A N/A N/A No
204989277           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-01-08): Approval provided.
 1/XX/2019  11:41:35 AM     1 A 8/XX/2018 CA Investment Refinance - Cash-out - Other   C A C A B A C A N/A N/A No
204989277           Property Property - Appraisal General Appraisal Requirements Valuation Exception:   Appraisal does not meet guideline requirements of 3 sold comps and 2 pending or listed comps.  Appraisal reflects 3 sold comps and 1 pending comp.   Reviewer Comment (2019-01-08): Not addressed in guidelines as being required.


Seller Comment (2019-01-07): UW felt this wasn't needed being the appraisal was fully supported with the provided comps
 1/XX/2019  6:54:05 PM     1 A 8/XX/2018 CA Investment Refinance - Cash-out - Other   C A C A B A C A N/A N/A No
204989278           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Approval was not provided.   Reviewer Comment (2019-01-09): Rec'd approval.
 1/XX/2019  8:53:19 AM     1 A 8/XX/2018 NV Investment Refinance - Cash-out - Other   D A C A D A C A N/A N/A No
204989278           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.   Client to order secondary valuation at time of securitization.   Reviewer Comment (2018-10-29): Rec'd desk review.
 10/XX/2018  7:35:18 AM     1 A 8/XX/2018 NV Investment Refinance - Cash-out - Other   D A C A D A C A N/A N/A No
204989278           Compliance Compliance Federal Compliance FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (2018). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $1000.00 (2018) (an overage of $[Redacted] or .[Redacted]%). Points and fees in excess of allowable maximum by $[Redacted]   Reviewer Comment (2019-01-10): Cleared with compliance re-run.
 1/XX/2019  8:29:09 AM     1 A 8/XX/2018 NV Investment Refinance - Cash-out - Other   D A C A D A C A N/A N/A Yes
204989278           Compliance Loan Package Documentation Loan File (Missing Doc) Incomplete loan images/file   1) PITIA could not be determined for property [Redacted] Mortgage statement, insurance, tax and HOA verification was not provided, 2) VOM and Payoff were not provided for [Redacted] mortgage that was paid off through closing as reflected on the Final CD.   Reviewer Comment (2019-01-10): Doc ID xxx is an email from the holder of the private mortgage lien which indicated she never required him to make a payment.  We do have the payoff for this private lien as well.


Reviewer Comment (2019-01-10): Rec'd PITIA for XXXXXX.  Still missing VOM and Payoff for private mortgage that was paid off through closing as reflected on the Final CD.


Seller Comment (2019-01-07): this was a simo purchase for the borrowers primary residence
 1/XX/2019  4:35:29 PM     1 A 8/XX/2018 NV Investment Refinance - Cash-out - Other   D A C A D A C A N/A N/A No
204989278           Compliance Compliance Miscellaneous Compliance Other Compliance Exception (Manual Add)   Subject transaction is an investment cash-out however final [Redacted] reflects borrower will occupy property and lender did not include current primary rental expense $[Redacted]/monthly in calculation. Borrower explanation in file reflects cash-out purpose to pur[Redacted]future property that will become primary residence.   Reviewer Comment (2019-01-23): Rec'd corrected, signed xxxx.


Reviewer Comment (2019-01-15): Page x, Declarations, Do you intend to occupy the property as your primary residence? is answered "yes".  The subject is an investment property.  Please provide corrected, signed xxxx.


Reviewer Comment (2019-01-10): Missing corrected final 1003.
 1/XX/2019  10:12:18 AM     1 A 8/XX/2018 NV Investment Refinance - Cash-out - Other   D A C A D A C A N/A N/A Yes
204989278           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Subject transaction is an investment cash-out however final [Redacted] reflects borrower will occupy property and lender did not include current primary rental expense $[Redacted]/monthly in calculation. Borrower explanation in file reflects cash-out purpose to pur[Redacted]future property that will become primary residence.   Reviewer Comment (2019-01-10): Borrower used proceeds from this transaction to purchase an owner-occupied property (XXXXXX).  Eliminated $x,xxx rent payment.
 1/XX/2019  8:32:42 AM     1 A 8/XX/2018 NV Investment Refinance - Cash-out - Other   D A C A D A C A N/A N/A No
204989281           Credit Property - Appraisal Appraisal Documentation Missing Document: Appraisal not provided   Per guidelines, a second full appraisal is required for loan amounts over [Redacted]; additional appraisal was not obtained and lender exception approval was not provided. Borrower has job stability for 11 years.

41% DTI  < 50% guideline max.

$27K residual income.		 Reviewer Comment (2019-01-23): Rec'd exception.  Desk review is being used in lieu of xnd appraisal.


Reviewer Comment (2019-01-08): An exception must be provided to use AVM in lieu of xnd full appraisal as stated in guidelines.


Seller Comment (2019-01-07): desk review was used in lieu of xnd appraisal
     1/XX/2019  10:22:03 AM 2 B 8/XX/2018 CA Primary Purchase   D B D B B B A A Non QM Non QM No
204989281           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2019-01-08): Attestation approved by (Redacted) in file.


Seller Comment (2019-01-07): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 1/XX/2019  11:14:32 AM     1 A 8/XX/2018 CA Primary Purchase   D B D B B B A A Non QM Non QM No
204989281           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) Closing Disclosure Closing Date [Redacted] vs. Actual Closing Date [Redacted]   Reviewer Comment (2019-01-08): Ok to waive per client.


Seller Comment (2019-01-07): Please waive CA loan docs are not date sensitive
     1/XX/2019  11:14:55 AM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B B B A A Non QM Non QM Yes
204989281           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total [Redacted] while Borrower CD seller's fees total [Redacted].   Reviewer Comment (2019-01-24): Seller CD not evident.
 1/XX/2019  4:49:33 PM     1 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B B B A A Non QM Non QM Yes
204989281           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Lender approval not provided.   Reviewer Comment (2019-01-08): Approval provided.
 1/XX/2019  11:16:24 AM     1 A 8/XX/2018 CA Primary Purchase   D B D B B B A A Non QM Non QM No
204989281           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Third party verification of business existence within [Redacted] calendar days of closing not provided.   Reviewer Comment (2019-01-08): Secretary of state provided to show business registration from xxxx and currently active.
 1/XX/2019  11:18:25 AM     1 A 8/XX/2018 CA Primary Purchase   D B D B B B A A Non QM Non QM No
204989281           Credit 1003 Document Error Borrower(s) is not a U.S. Citizen, and the guideline required documentation was not provided.   Initial and Final [Redacted] indicate co-borrower is not a US Citizen or Permanent Resident Alien, however, fraud report reflects Social security number was issued at age [Redacted].  Provide corrected [Redacted] showing co-borrower is a US Citizen or required documentation for Non-Permanent Resident Alien as documented in lender guidelines.   Reviewer Comment (2019-01-14): Updated 1003 provided with correction.
 1/XX/2019  6:52:07 PM     1 A 8/XX/2018 CA Primary Purchase   D B D B B B A A Non QM Non QM No
204989281           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) Dates did not match.   Reviewer Comment (2019-01-24): Waive per client.
     1/XX/2019  4:50:47 PM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B B B A A Non QM Non QM Yes
204989285           Credit Assets Asset Documentation Guideline Issue:Insufficient asset documentation. Financial Institution: [Redacted] / End Date: [Redacted]// Account Type: Checking / Account Number: 8[Redacted] Missing required statements from Bank [Redacted](must be in English or translated). Purpose is for sourcing two large deposits into [Redacted] account ending in #[Redacted]. Large deposit for $[Redacted] and $[Redacted]. File contains evidence of transfer from [Redacted], but does not provide complete account information of account owner, and purpose is listed as " [Redacted]". Additional information is required.   Reviewer Comment (2018-10-29): Seller provided internet transfers from acct  [Redacted] to  [Redacted] account holder was borrower. Transfers were on  [Redacted] and  [Redacted].
 5/XX/2018  12:50:42 PM     1 A 4/XX/2018 TX Second Home Purchase   C B C A C B A A Non QM Non QM No
204989285           Compliance Compliance Federal Compliance 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. No evidence of timely delivery was provided. Disclosure Form was not provided.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     5/XX/2018  12:28:51 PM 2 B 4/XX/2018 TX Second Home Purchase   C B C A C B A A Non QM Non QM No
204989285           Compliance Compliance Federal Compliance 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. (Final[Redacted]) Non-Escrowed Property Costs over Year 1 of $[Redacted] on Final Closing Disclosure provided on 0[Redacted] does not match the HOA dues per the Appraisal of $[Redacted] per year.   Reviewer Comment (2018-10-29): Seller provided the corrected PCCD and LOX.
   5/XX/2018  9:17:18 AM   2 B 4/XX/2018 TX Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204989285           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure. Seller's CD reflects $[Redacted]in seller paid closing costs, borrower's final CD shows $0.00. Provide a post-close CD correcting the seller paid fees and a copy of the letter of explanation to the borrower disclosing the changes made.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     5/XX/2018  12:29:03 PM 2 B 4/XX/2018 TX Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204989285           Compliance Compliance Federal Compliance 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 $0.00.  Insufficient or no cure was provided to the borrower. (7723) Initial Loan Estimates did not disclose Survey Fee of $[Redacted], and Valid Change of Circumstance for new fee was not located, and no cure was provided.   Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
   5/XX/2018  9:17:52 AM   2 B 4/XX/2018 TX 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
204989285           Compliance Compliance Federal Compliance TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on [Redacted] reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (Final[Redacted]) Final CD reflect the Credit Report Fee paid to Broker without evidence an invoice to a third party.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     5/XX/2018  12:29:07 PM 2 B 4/XX/2018 TX Second Home Purchase Good Faith Redisclosure C B C A C B A A Non QM Non QM Yes
204989285           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on 0[Redacted] did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Total Closing Cost exceeded legal limits. Survey Fee of $[Redacted] was not disclosed on Initial Loan Estimate; Valid Change of Circumstance was not located, and no cure was provided.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     5/XX/2018  12:29:17 PM 2 B 4/XX/2018 TX Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204989285           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Fee Acronyms or Abbreviations TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on [Redacted] used abbreviated fees or fees listed as an acronym that are not reasonably understood by the consumer. (Final[Redacted]) Final Closing Disclosure under Section A. Origination Charges, Disclosed fee paid to Lender as "CDA". Acronym may not be reasonably understood by the consumer.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     5/XX/2018  12:29:22 PM 2 B 4/XX/2018 TX Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204989285           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Timing Truth in Lending Act (2015): Creditor or broker did not provide the Home Loan Toolkit Disclosure to applicant within 3 business days of application. No evidence of timely delivery was provided.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     5/XX/2018  12:29:27 PM 2 B 4/XX/2018 TX Second Home Purchase No Defined Cure C B C A C B A A Non QM Non QM No
204989285           Credit Loan Package Documentation Closing / Title Security Instrument is not signed by borrower(s).   Note and Security Instrument was signed by an agent of borrower. Missing Power of Attorney.   Reviewer Comment (2018-10-29): Seller provided a copy of the POA for the borrower signed and dated on  [Redacted]
 5/XX/2018  12:45:37 PM     1 A 4/XX/2018 TX Second Home Purchase   C B C A C B A A Non QM Non QM No
204989288           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Approval was not provided.   Reviewer Comment (2018-11-18): Rec'd approval.
 11/XX/2018  7:38:58 AM     1 A 8/XX/2018 CA Investment Purchase   C A C A A A C A N/A N/A No
204989288           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.   Client to order secondary valuation at time of securtiziation.   Reviewer Comment (2018-11-18): Rec'd desk review.
 11/XX/2018  7:44:51 AM     1 A 8/XX/2018 CA Investment Purchase   C A C A A A C A N/A N/A No
204989288           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date. Hazard Insurance Policy Effective Date ___, Transaction Date:  ___ Hazard effective date [Redacted], Note date [Redacted].   Reviewer Comment (2019-01-09): Attestation from client in file that insurance provided confirmed no claims against the property during the time of the closing/recording and the effective date of the policy.
 1/XX/2019  2:02:47 PM     1 A 8/XX/2018 CA Investment Purchase   C A C A A A C A N/A N/A No
204989288           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy.   DTI exceeds guideline maximum [Redacted]. Lender excluded [Redacted]credit card payment ($[Redacted]/monthly) however sufficient documentation was not provided for omission of payment. Lender provided a screen shot showing that a payment totaling [Redacted] was to be sent on [Redacted] and not delivered until [Redacted]. Most recent credit card balance found on credit report was $[Redacted].  These funds were also not correctly deducted from bank account balance used for closing/reserves.   Reviewer Comment (2019-02-11): Payoff in file showing coming out of borrowers WF account and paid directly to Citi Cards.


Reviewer Comment (2019-01-09): Please provide evidence the account was paid in full (statement or credit report supplement).


Seller Comment (2019-01-08): The account was due to be paid in full by x/x which is before the initial CD went out and subtracting $xx,xxx.xx from the balance of $xx,xxx.xx = $xx,xxx.xx. There are plenty of reserves even when subtracting this amount. The closing funds came from the account ending xxxx which you can see that she transferred $xx,xxx into.
 2/XX/2019  6:19:23 PM     1 A 8/XX/2018 CA Investment Purchase   C A C A A A C A N/A N/A No
204989288           Credit Data Verification General The Investor's qualifying total debt ratio is less than the QM qualifying total debt ratio. Investor's qualifying DTI: ___
QM qualifying DTI: ___		 DTI exceeds guideline maximum [Redacted]. Lender excluded [Redacted]credit card payment ($[Redacted]/monthly) however sufficient documentation was not provided for omission of payment. Lender provided a screen shot showing that a payment totaling [Redacted] was to be sent on [Redacted] and not delivered until [Redacted]. Most recent credit card balance found on credit report was $[Redacted].  These funds were also not correctly deducted from bank account balance used for closing/reserves.   Reviewer Comment (2019-02-11): Payoff showing from WF account paid directly to Citi cards.


Reviewer Comment (2019-01-09): Please provide evidence the account was paid in full (statement or credit supplement).
 2/XX/2019  6:20:17 PM     1 A 8/XX/2018 CA Investment Purchase   C A C A A A C A N/A N/A No
204989288           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ Paystub with YTD figures and/or WVOE with start date and YTD figures was not provided to confirm employment and pay history.   Reviewer Comment (2019-02-11): Guidelines do not address the use of a handwritten paystub to support income.


Reviewer Comment (2019-01-09): There is nothing to indicate the check in file is payroll.  $xx,xxx annual earnings are not sufficiently documented or supported by borrower's previous earning history.  Unable to clear.


Seller Comment (2019-01-08): There is a copy of the borrower's paystub in the file, being that it doesn't break out any of the tax information etc. we did require the executed employment contract which you will also see in the file. In addition to this there is a loe in the file that addresses the borrower's history with regards to work and why she had minimal hours before taking the promotion.
 2/XX/2019  6:21:55 PM     1 A 8/XX/2018 CA Investment Purchase   C A C A A A C A N/A N/A No
204989298           Credit Income / Employment Income Documentation Income Docs Missing:   Missing business bank statement for [Redacted]to make up complete 12 month review.   Reviewer Comment (2018-10-29): Seller provided the  [Redacted]  [Redacted] statement.
 5/XX/2018  11:46:31 AM     1 A 5/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204989298           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___.     Reviewer Comment (2018-10-29): LTV calculation is rounded out x decimal placed xx.xx - meets guides.
 5/XX/2018  10:27:29 AM     1 A 5/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204989298           Credit Insurance Insurance Analysis Insufficient Coverage: Flood insurance coverage amount is insufficient.   Flood coverage of 150,000, loan amount [Redacted], shortfall [Redacted].   Reviewer Comment (2018-10-29): Seller provided the replacement cost estimate of  [Redacted]
 5/XX/2018  10:29:30 AM     1 A 5/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204989298           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard coverage of 150,000, loan amount [Redacted], shortfall [Redacted].   Reviewer Comment (2018-10-29): Seller provided the replacement cost estimate of  [Redacted]
 5/XX/2018  10:29:47 AM     1 A 5/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204989298           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.   Incorrect loss payee - listed the Broker vs. the lender on the Note   Reviewer Comment (2018-10-29): Seller provided the replacement cost estimate of  [Redacted]


Reviewer Comment (2018-10-29): HOI reflected loss payee as XXX - please updated HOI reflecting XXX. Exception remains.
 5/XX/2018  10:29:36 AM     1 A 5/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204989298           Credit Property - Appraisal Appraisal Adjustments Excessive site value noted on appraisal without appraiser comments to justify Valuation Type: Appraisal / Valuation Report Date: [Redacted]     Reviewer Comment (2018-10-29): Seller commented om site under supplemental addendum  *order as well as on cost approach comments.
 5/XX/2018  12:35:08 PM     1 A 5/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204989298           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.98910% or Final Disclosure APR of 8.04300% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans
     5/XX/2018  9:44:10 AM 1 A 5/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204989298           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     5/XX/2018  12:25:18 PM 2 B 5/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204989298           Compliance Compliance Federal Compliance 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. (Final[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $[Redacted], while closing CD seller's fees total $[Redacted]   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     5/XX/2018  12:25:24 PM 2 B 5/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989298           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application.     Reviewer Comment (2018-10-29): Loan was disclosed as Fixed rate at application per  [Redacted] changed to ARM - disclosure provided  [Redacted]
 5/XX/2018  12:39:24 PM     1 A 5/XX/2018 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204989298           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower.     Reviewer Comment (2018-10-29): Disclosure provided  [Redacted]
 5/XX/2018  12:38:24 PM     1 A 5/XX/2018 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204989298           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Lender approved Guideline No public records

Borrower has job stability for 15 years as an XXX XXX

45.001% DTI on this Alt documentation loan < 50% guideline max - 4.999% below program guideline maximum		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement with compensating factors.
     5/XX/2018  9:51:41 AM 2 B 5/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204989298           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Timing TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower within three (3) days of application.     Reviewer Comment (2018-10-29): Loan was disclosed as Fixed rate at application per  [Redacted] changed to ARM - disclosure provided  [Redacted]
 5/XX/2018  12:39:17 PM     1 A 5/XX/2018 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204989299           Credit Credit Miscellaneous Property valuation variance is greater than 10% between the valuation report used for LTV and supporting valuation report. Valuation Type: Appraisal / Valuation Report Date: [Redacted] Primary appraisal appraised at [Redacted], second appraisal appraised at [Redacted], a difference of [Redacted] or [Redacted]   Reviewer Comment (2018-12-26): Lender used lessor value to calculate and underwrite loan


Seller Comment (2018-12-24): Per (Redacted) guidelines we use the lower value of the x appraisals provided to determine value


Buyer Comment (2018-10-29): (Redacted), Inc. uses the lowest of the x appraisals provided
 12/XX/2018  11:53:31 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
204989299           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) CD dated [Redacted] , however documents signed [Redacted]   Reviewer Comment (2019-01-04): Ok to waive per client.


Reviewer Comment (2018-12-26): Closing date should be precise on the CD, the closing date listed is incorrect


Seller Comment (2018-12-07): California closing documents are not date sensitive therefore it's ok if the borrower doesn't sign the date they're generated.
     01/04/2019 2 B 8/XX/2018 CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
204989299           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) Closing date did not match signature date.   Reviewer Comment (2019-01-04): Ok to waiver per client.
     01/04/2019 2 B 8/XX/2018 CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
204989301           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Seller CD fees total [Redacted] while closing CD seller's fees total [Redacted].   Reviewer Comment (2019-01-09): duplicate
 1/XX/2019  4:19:23 PM     1 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C A C A C A A A Non QM Non QM Yes
204989301           Credit Loan Package Documentation Application / Processing Missing Document: Fraud Report not provided   Fraud report including all interested parties to the transaction was not provided.   Reviewer Comment (2019-01-09): Rec'd fraud report
 1/XX/2019  4:19:40 PM     1 A 8/XX/2018 CA Primary Purchase   C A C A C A A A Non QM Non QM No
204989301           Compliance Compliance Federal Compliance 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 Risk. Lender's Loan Designation is Non-QM.   Reviewer Comment (2019-01-25): Loan designation is Non-QM.
 1/XX/2019  4:42:41 PM     1 A 8/XX/2018 CA Primary Purchase Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM Yes
204989301           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date. Hazard Insurance Policy Effective Date ___, Transaction Date:  ___ Loan closed [Redacted] and disbursed on [Redacted]. The HO6 Policy effective date is [Redacted].   Reviewer Comment (2019-01-10): Coverage was in place at the time the loan funded x/xx/xx.


Seller Comment (2019-01-09): Final Settlement Statement shows disbursement date was x/xx/xxxx
 1/XX/2019  11:03:43 AM     1 A 8/XX/2018 CA Primary Purchase   C A C A C A A A Non QM Non QM No
204989301           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ [Redacted] W2 from [Redacted] was not provided.   Reviewer Comment (2019-01-10): W2 earnings broken out on tax return supplement in file.


Seller Comment (2019-01-09): Because the tax returns and transcripts are in the file and reflect on the supplement to xxxx both Wx's and wages the underwriter didn't require the missing Wx to be supplied
 1/XX/2019  11:03:02 AM     1 A 8/XX/2018 CA Primary Purchase   C A C A C A A A Non QM Non QM No
204989301           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering:  No Safe Harbor based on non-compliant Anti-Steering Disclosure Loan Originator Compensation: Anti-Steering - No Safe Harbor based on non-compliant Anti-Steering Disclosure. Disclosure was missing Loan Options provided to borrower.   Reviewer Comment (2019-01-09): Attestation letter on file.


Seller Comment (2019-01-09): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 1/XX/2019  4:19:58 PM     1 A 8/XX/2018 CA Primary Purchase   C A C A C A A A Non QM Non QM No
204989302           Credit System General Flood Certificate Subject Address does not match Note address.   Flood Cert pulled on  [Redacted] vs. correct address of  [Redacted].  Letter in file regarding change of property address due to new construction.   Reviewer Comment (2018-10-29): Seller provided correct flood cert on  [Redacted] dated  [Redacted]
 5/XX/2018  11:38:39 AM     1 A 5/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989302           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Charge-offs / Balance:  [Redacted] [Redacted] charge off of $ [Redacted] does not reflect paid as required per guidelines  [Redacted].  Account stopped reporting  [Redacted].   Reviewer Comment (2018-10-29): Seller provided a credit supplement as  [Redacted] zero balance  [Redacted] No charge off.
 5/XX/2018  11:41:03 AM     1 A 5/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989302           Compliance Compliance Federal Compliance 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 $0.00.  Insufficient or no cure was provided to the borrower. (7200) The LE issued on [Redacted] added a fee of $ [Redacted] for Loan Discount Points without a valid change of circumstance.   Reviewer Comment (2018-10-29): Seller provided the COC  [Redacted] for the rate lock.
 5/XX/2018  11:45:30 AM     1 A 5/XX/2018 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
204989302           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 7.53120% or Final Disclosure APR of 7.58100% is in excess of allowable threshold of APOR 4.48% + 1.5%, or 5.98000%.  Compliant Higher Priced Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     5/XX/2018  12:25:20 PM 1 A 5/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989302           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on  [Redacted] did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/ [Redacted]) The final CD did not provide a tolerance cure for the increase to the Loan Discount Points.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     5/XX/2018  11:36:43 AM 2 B 5/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989302           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.53120% or Final Disclosure APR of 7.58100% is in excess of allowable threshold of APOR 4.48% + 1.5%, or 5.98000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     5/XX/2018  12:25:26 PM 1 A 5/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989302           Compliance Compliance Federal Compliance 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. (Final/ [Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $ [Redacted], while closing CD seller's fees total $0.00   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     5/XX/2018  11:36:50 AM 2 B 5/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989302           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Lender approved Borrower XXX XXX

No public records

12.02% DTI on this Bank Statement documentation loan < 50.00% guideline max - 37.98% below program guideline maximum		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     5/XX/2018  12:31:57 PM 2 B 5/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989302           Credit Credit Miscellaneous Credit Exception:   Self employed [Redacted] months vs program requirement that at least one borrower must have been continually self employed for two years. Borrower XXX XXX

No public records

12.02% DTI on this Bank Statement documentation loan < 50.00% guideline max - 37.98% below program guideline maximum		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     5/XX/2018  12:32:05 PM 2 B 5/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989305           Credit Loan Package Documentation Application / Processing Missing Document: Fraud Report not provided       Reviewer Comment (2019-01-22): Rec'd fraud report
 1/XX/2019  8:54:36 AM     1 A 8/XX/2018 CA Investment Refinance - Rate/Term   C A C A A A C A N/A N/A No
204989305           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.       Reviewer Comment (2018-11-09): Received desk review
 11/XX/2018  1:17:32 AM     1 A 8/XX/2018 CA Investment Refinance - Rate/Term   C A C A A A C A N/A N/A No
204989305           Credit Credit Credit Documentation No evidence of fraud report in file Credit Report: Original // Borrower: Borrower: [Redacted]     Reviewer Comment (2019-01-22): Rec'd fraud report
 1/XX/2019  8:54:24 AM     1 A 8/XX/2018 CA Investment Refinance - Rate/Term   C A C A A A C A N/A N/A No
204989305           Credit Loan Package Documentation Application / Processing Cash to Borrower is greater than the lesser of 2% of the loan amount or $2000       Reviewer Comment (2019-01-22): Per guidelines, max cash to borrower is $xxK.  Borrower rec'd <$x,xxx at closing.


Seller Comment (2019-01-18): our guidelines state Max cash back to be rate & term is limited to the lower of x% of the loan balance or $xx,xxx.xx. The borrower received less than xk on a loan amount of $x,xxx,xxx
 1/XX/2019  8:27:14 AM     1 A 8/XX/2018 CA Investment Refinance - Rate/Term   C A C A A A C A N/A N/A No
204989305           Credit 1003 General Refi Purpose reflects Rate/Term and cash out greater than the lesser of 2% of the loan amount or $2000. Date Issued: [Redacted]/ Relative Sequence Num: <empty>     Reviewer Comment (2019-01-22): Guidelines allow up to $xxK cash out.
 1/XX/2019  8:45:40 AM     1 A 8/XX/2018 CA Investment Refinance - Rate/Term   C A C A A A C A N/A N/A No
204989307           Credit Loan Package Documentation Application / Processing Missing Document: Fraud Report not provided       Reviewer Comment (2018-12-08): Rec'd fraud report.
 12/XX/2018  9:42:06 AM     1 A 8/XX/2018 CA Investment Refinance - Cash-out - Other   C A C A A A A A N/A N/A No
204989308           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2018-10-29): Rec'd approval.
 10/XX/2018  10:24:55 AM     1 A 8/XX/2018 AZ Primary Purchase   C B C A B B A A Non QM Non QM No
204989308           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date. Hazard Insurance Policy Effective Date ___, Transaction Date:  ___     Reviewer Comment (2018-12-08): Per the closing statement in file, coverage was in place at the time the loan funded x/x/xx.,


Seller Comment (2018-12-07): Arizona closing documents are not date sensitive therefore it's ok if the borrower doesn't sign the date they're generated.


Reviewer Comment (2018-10-29): Please provide Final CD with corrected dates.


Buyer Comment (2018-10-29): See disbursement date on the attached final settlement statement of x/x EOI is acceptable
 12/XX/2018  9:45:20 AM     1 A 8/XX/2018 AZ Primary Purchase   C B C A B B A A Non QM Non QM No
204989308           Credit Credit Credit Documentation No evidence of fraud report in file Credit Report: Original // Borrower:  [Redacted] Credit Report: Original // Borrower: [Redacted]     Reviewer Comment (2018-12-08): Rec'd fraud report.
 12/XX/2018  9:52:38 AM     1 A 8/XX/2018 AZ Primary Purchase   C B C A B B A A Non QM Non QM No
204989308           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Note has assumable language.  Final CD disclosed the loan is not assumable.   Reviewer Comment (2018-12-08): duplicate


Reviewer Comment (2018-12-08): To remain EV2.


Seller Comment (2018-12-07): This was a system glitch and has now been fixed
 12/XX/2018  9:52:28 AM     1 A 8/XX/2018 AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
204989308           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The seller's CD contains a few fees that were not disclosed on the borrower's final CD.   Reviewer Comment (2018-12-08): duplicate
 12/XX/2018  9:52:28 AM     1 A 8/XX/2018 AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
204989308           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) [Redacted]   Reviewer Comment (2019-01-03): Client acknowledges - rating 2 remains


Seller Comment (2019-01-02): Please waive


Reviewer Comment (2018-12-26): Please provide corrected CD and LOE to cure.


Seller Comment (2018-12-24): This was a system glitch and has now been fixed
     1/XX/2019  2:53:29 PM 2 B 8/XX/2018 AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
204989318           Credit Missing Document General Missing Document: Verification of Non-US Citizen Status not provided   Evidence of XXX legal residency document not provided.   Reviewer Comment (2019-01-09): Borrower is a US Citizen.


Seller Comment (2019-01-09): there is also a loe in the file that is signed by the borrower stating that she is a citizen
 1/XX/2019  3:52:22 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Other   C A C A C A C A Non QM Non QM No
204989318           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.   Secondary valuation product not provided.   Reviewer Comment (2018-10-29): Satisfactory desk review has been provided.
 10/XX/2018  9:53:28 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Other   C A C A C A C A Non QM Non QM No
204989318           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. LO Compensation Disclosure not provided.   Reviewer Comment (2019-01-07): Attestation approved by (Redacted) in file.
 1/XX/2019  6:27:42 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Other   C A C A C A C A Non QM Non QM No
204989318           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) This exception is due to open x% or [Redacted] tolerance exceptions and will be cured when all tolerance violations are resolved   Reviewer Comment (2019-01-09): duplicate
 1/XX/2019  3:52:01 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C A C A C A C A Non QM Non QM Yes
204989318           Compliance Compliance Federal Compliance 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 was not disclosed on the initial LE but on the final CD reads [Redacted]. It appears the borrower was not notified of this additional fee after LE was disclosed. Missing valid change in circumstance. To cure, provided corrected PC CD along with LOE to borrower and evidence of deliver.   Reviewer Comment (2019-01-11): Change of circumstance rate lock


Seller Comment (2019-01-09): This was redisclosed on the LE and here is the COC that is in the file with it
 1/XX/2019  10:12:23 AM     1 A 8/XX/2018 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 C A Non QM Non QM Yes
204989318           Credit Loan Package Documentation Closing / Title Missing Document: Rider - Other not provided   Missing Interest only rider to Security Instrument.   Reviewer Comment (2019-01-09): Interest only rider provided.


Seller Comment (2019-01-09): This is the last 3 pages of the deed and in the file see attached
 1/XX/2019  3:18:51 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Other   C A C A C A C A Non QM Non QM No
204989318           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) This exception is due to open x% or [Redacted] tolerance exceptions and will be cured when all tolerance violations are resolved   Reviewer Comment (2019-01-11): Change of circumstance rate lock
 1/XX/2019  10:12:23 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C A C A C A C A Non QM Non QM Yes
204989384           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Lenders final loan approval was not located in loan package   Reviewer Comment (2018-10-29): Received
 10/XX/2018  11:02:33 AM     1 A 8/XX/2018 AZ Primary Purchase   C B C A B B A A Non QM Non QM No
204989384           Credit Credit Credit Documentation No evidence of fraud report in file Credit Report: Original // Borrower: Borrower: [Redacted] Fraud report was not located in package   Reviewer Comment (2018-12-08): Rec'd fraud report.
 12/XX/2018  9:57:47 AM     1 A 8/XX/2018 AZ Primary Purchase   C B C A B B A A Non QM Non QM No
204989384           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted],  Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. ([Redacted]) Borrower filed tax extension for [Redacted]   Reviewer Comment (2019-01-03): Duplicate


Seller Comment (2019-01-02): Loan closed in (REDACTED) and xxxx extension was provided and not required to be filed until (REDACTED) xx, xxxx. Please Clear


Reviewer Comment (2018-12-08): xxxx tax returns required for ATR


Seller Comment (2018-12-07): Documentation provided was acceptable, loan is still non-QM and not an ATR fail
 1/XX/2019  12:25:05 PM     1 A 8/XX/2018 AZ Primary Purchase   C B C A B B A A Non QM Non QM No
204989384           Compliance Compliance Federal Compliance 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. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Sufficient or excess cure was provided to the borrower at Closing.       9/XX/2018  10:33:34 AM   1 A 8/XX/2018 AZ Primary Purchase Final CD evidences Cure C B C A B B A A Non QM Non QM Yes
204989384           Credit Loan Package Documentation Application / Processing Missing Document: Fraud Report not provided       Reviewer Comment (2018-12-08): Rec'd fraud report.
 12/XX/2018  9:58:02 AM     1 A 8/XX/2018 AZ Primary Purchase   C B C A B B A A Non QM Non QM No
204989384           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Collections / Balance: [Redacted], Credit Report: Original // Public Record Type: Collections / Balance: [Redacted], Credit Report: Original // Public Record Type: Collections / Balance: [Redacted]     Reviewer Comment (2019-01-04): First two collections are medical and not required to be paid in full.  The guidelines only address collections in excess of $xxxx and the last one is $xx.


Reviewer Comment (2019-01-03): Per page 38 of guidelines:  All charge-off, repossessions, collections, judgments, and liens must be
paid off or satisfied in writing by the Borrower.


Reviewer Comment (2018-12-08): Not addressed in guidelines; client to review.


Seller Comment (2018-12-07): Collection/Charge Offs between xk and xk are underwriter discretion, anything under xk doesn't need to be addressed. Medical collections no matter the amount will never need to be addressed. Public Records are underwriter discretion.
 01/04/2019     1 A 8/XX/2018 AZ Primary Purchase   C B C A B B A A Non QM Non QM No
204989384           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) The final CD discloses the loan is not assumable, the note contains assumption language.   Reviewer Comment (2019-01-03): Acceptable to waive per client


Seller Comment (2019-01-02): Please waive


Reviewer Comment (2018-12-08): To remain EV2


Seller Comment (2018-12-07): This was a system glitch and has now been fixed
     1/XX/2019  10:15:05 AM 2 B 8/XX/2018 AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
204989384           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted],  Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. ([Redacted]) .   Reviewer Comment (2019-01-03): Self employment earnings not needed to qualify.


Reviewer Comment (2019-01-03): xxxx income was included in qualifying.  Need xxxx tax returns or audited P&L statement.
 1/XX/2019  12:33:45 PM     1 A 8/XX/2018 AZ Primary Purchase   C B C A B B A A Non QM Non QM No
204989384           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) The final CD discloses the loan is not assumable, the note contains assumption language.   Reviewer Comment (2019-01-04): Ok to waive per client.
     01/04/2019 2 B 8/XX/2018 AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
204989384           Compliance Compliance Federal Compliance TRID Seller Closing Disclosure Fees Lesser than Final Closing Disclosure Seller Paid Fees TILA-RESPA Integrated Disclosure:  Fees disclosed on the Seller's Closing Disclosure are less than the Seller Paid fees disclosed on the Consumer's Final Closing Disclosure. (Final/[Redacted]) Both CDs reflect $[Redacted] at closing.   Reviewer Comment (2019-01-03): Both CDs reflect $xx,xxx at closing.
 1/XX/2019  12:29:31 PM     1 A 8/XX/2018 AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
204989386           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-01-09): Approval provided.
 1/XX/2019  6:43:24 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Other   D A D A B A C A Non QM Non QM No
204989386           Credit Loan Package Documentation Application / Processing Missing Document: Purchase Agreement / Sales Contract not provided       Reviewer Comment (2019-01-07): Not required, transaction is not a purchase and is a refinance therefore purchase agreement is not required.
 1/XX/2019  6:40:35 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Other   D A D A B A C A Non QM Non QM No
204989386           Compliance Compliance Federal Compliance (Missing Data) Last Rate Set Date  Last Date Rate Set was not provided.  In order to determine Average Prime Offer Rate (APOR), the worst case scenario was used between Application Date and Transaction Date.     Reviewer Comment (2019-01-10): Rate lock provided, updated information.


Reviewer Comment (2019-01-10): Missing evidence of rate lock.
 1/XX/2019  6:19:06 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Other   D A D A B A C A Non QM Non QM No
204989386           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2019-01-07): Attestation approved by (Redacted) in file.
 1/XX/2019  6:39:08 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Other   D A D A B A C A Non QM Non QM No
204989386           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.       Reviewer Comment (2018-10-29): Satisfactory desk review has been provided.
 10/XX/2018  3:08:03 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Other   D A D A B A C A Non QM Non QM No
204989386           Credit Data Verification General The Investor's qualifying total debt ratio is less than the Non-QM qualifying total debt ratio.   This information is correct, based on the documents in the file.   Reviewer Comment (2019-01-10): Based on qualification method.


Seller Comment (2019-01-09): this is a bank statement loan therefore it's Non-QM .. please clear
 1/XX/2019  11:28:07 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Other   D A D A B A C A Non QM Non QM No
204989386           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.   No evidence of a secondary evaluation or validation of the original evaluation.   Reviewer Comment (2019-01-07): Desk review provided.
 1/XX/2019  6:39:35 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Other   D A D A B A C A Non QM Non QM No
204989392           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy.   Borrower does not meet FICO score requirement. Lender comments on 1008 state exception submitted for FICO score; however, exception form missing from file.   Reviewer Comment (2018-10-29): Seller provided the  [Redacted] guides with 680 minimum.


Seller Comment (2018-10-29): Response: Please see GUIDELINES CREDIT SCORE on page 20 of [Redacted]  [Redacted]reflecting minimum score is  [Redacted] please see CREDIT REPORT reflecting borrower score is  [Redacted]
 5/XX/2018  9:39:07 AM     1 A 5/XX/2018 CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
204989392           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.       Reviewer Comment (2018-10-29): Received revised HOI policy reflecting Lender its successors and assigns.


Seller Comment (2018-10-29): Response: Please see REVISED HOI
 5/XX/2018  2:45:39 PM     1 A 5/XX/2018 CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
204989392           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.94400% or Final Disclosure APR of 6.97500% is in excess of allowable threshold of APOR 4.48% + 1.5%, or 5.98000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     5/XX/2018  5:10:57 PM 1 A 5/XX/2018 CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
204989392           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 6.94400% or Final Disclosure APR of 6.97500% is in excess of allowable threshold of APOR 4.48% + 1.5%, or 5.98000%.  Compliant Higher Priced Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     5/XX/2018  5:11:02 PM 1 A 5/XX/2018 CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
204989392           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on  [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final [Redacted]) Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing   Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.


Reviewer Comment (2018-10-29): [Redacted] COC no valid reason provided as  [Redacted] rate lock for 15 days  with borrower paid comp. No rate -relock was provided. And reason of fee added not valid. Exception remains.


Seller Comment (2018-10-29): Response: Please see ESIGN, CD  [Redacted] DISCLOSURE TRACKING CD  [Redacted],  please see COC CD reflecting change in settlement charges, change in pricing broker comp from lender paid to borrower paid, 3rd party processing fee added
   5/XX/2018  4:28:41 PM   2 B 5/XX/2018 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
204989392           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/ [Redacted]) Missing evidence that the borrower was provided the closing disclosure at least 3 business days prior to closing   Reviewer Comment (2018-10-29): Seller provided the initial CD dated  [Redacted]


Seller Comment (2018-10-29): Response: Please see ESIGN, CD sent and received on  [Redacted]
 5/XX/2018  9:32:21 AM     1 A 5/XX/2018 CA Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
204989392           Compliance Compliance Federal Compliance 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 $0.00.  Insufficient or no cure was provided to the borrower. (7200) Final disclosure reflects a total expense for the loan discount Fee of $ [Redacted], not previously disclosed, missing proof that change was disclosed to the borrower in a timely manner, no cure provided at closing.   Reviewer Comment (2018-10-29): Received rate lock extension  [Redacted] Exception cleared.


Seller Comment (2018-10-29): Response: Please see NOTE reflecting loan closed on  [Redacted] please see RELOCK extending lock until  [Redacted] for a total of 24 days; relock was required because the original lock would have expired on  [Redacted] prior to the  [Redacted] closing date


Reviewer Comment (2018-10-29): [Redacted] COC no valid reason provided as  [Redacted] rate lock for 15 days  with borrower paid comp. No rate -relock was provided. Exception remains.


Seller Comment (2018-10-29): Response: Please see ESIGN, CD  [Redacted], DISCLOSURE TRACKING CD  [Redacted], please see COC CD reflecting change in settlement charges, change in pricing broker comp from lender paid to borrower paid,
 5/XX/2018  2:57:24 PM     1 A 5/XX/2018 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
204989392           Compliance Compliance Federal Compliance 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 $0.00.  Insufficient or no cure was provided to the borrower. (7334) Final disclosure reflects a total expense for the processing Fee of $500.00, not previously disclosed, missing proof that change was disclosed to the borrower in a timely manner, no cure provided at closing.   Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.


Reviewer Comment (2018-10-29): [Redacted] COC no valid reason provided as  [Redacted] rate lock for 15 days  with borrower paid comp. No rate -relock was provided. And reason of fee added is not valid. Exception remains.


Seller Comment (2018-10-29): Response: Please see ESIGN, CD  [Redacted], DISCLOSURE TRACKING CD  [Redacted], please see COC CD reflecting change in settlement charges, 3rd party processing fee added
   5/XX/2018  4:28:31 PM   2 B 5/XX/2018 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
204989396           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2018-11-18): Rec'd approval.
 11/XX/2018  7:28:41 AM     1 A 8/XX/2018 AZ Investment Refinance - Cash-out - Other   C A C A A A C A N/A N/A No
204989396           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.   Client will order a secondary valuation at the time of securitization.   Reviewer Comment (2018-11-18): Rec'd desk review
 11/XX/2018  7:28:51 AM     1 A 8/XX/2018 AZ Investment Refinance - Cash-out - Other   C A C A A A C A N/A N/A No
204989396           Credit Property - Appraisal General Appraisal Requirements Subject is a refinance and property is listed for sale. Valuation Type: Appraisal / Valuation Report Date: [Redacted] The appraisal shows the property is listed for sale.   Reviewer Comment (2018-12-26): updated input, property was taken off the market


Seller Comment (2018-12-24): last date listed for sale was x/xx/xx as noted on appraisal … property was not listed at time of loan
 12/XX/2018  11:43:24 AM     1 A 8/XX/2018 AZ Investment Refinance - Cash-out - Other   C A C A A A C A N/A N/A No
204989396           Credit Loan Package Documentation Loan File Missing Document: Hazard Insurance Policy not provided   The dec page in file does not reflect coverage amount or annual premium.   Reviewer Comment (2018-11-18): Rec'd hazard insurance.
 11/XX/2018  7:29:10 AM     1 A 8/XX/2018 AZ Investment Refinance - Cash-out - Other   C A C A A A C A N/A N/A No
204989396           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance policy coverage amount is missing from evidence of insurance.       Reviewer Comment (2018-11-18): Rec'd hazard insurance.
 11/XX/2018  7:29:17 AM     1 A 8/XX/2018 AZ Investment Refinance - Cash-out - Other   C A C A A A C A N/A N/A No
204989396           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Self-employed borrower.  Missing evidence of the existence of the business within [Redacted] calendar days of closing verified through a disinterested third party such as CPA, regulatory agency, applicable licensing bureau, or verification of a phone and address listing using the internet.   Reviewer Comment (2018-11-18): Rec'd SOS dated x/xx/xx
 11/XX/2018  7:29:28 AM     1 A 8/XX/2018 AZ Investment Refinance - Cash-out - Other   C A C A A A C A N/A N/A No
204989398           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Lender's loan approval letter was not provided.   Reviewer Comment (2019-01-09): Approval provided.
 1/XX/2019  6:32:22 PM     1 A 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989398           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering:  No Safe Harbor based on non-compliant Anti-Steering Disclosure Loan Originator Compensation: Anti-Steering - No Safe Harbor based on non-compliant Anti-Steering Disclosure. Anti-Steering Disclosure was not provided.   Reviewer Comment (2019-01-09): Attestation approved by (Redacted) in file.


Seller Comment (2019-01-09): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 1/XX/2019  6:33:14 PM     1 A 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989398           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation disclosure was not provided   Reviewer Comment (2019-01-07): Attestation approved by (Redacted) in file.
 1/XX/2019  6:55:07 PM     1 A 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989398           Compliance Compliance Federal Compliance RESPA -  Initial Escrow Account statement Inaccurate RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. Final Closing Disclosure disclosed [Redacted] as the Initial Escrow Payment, which does not match the Initial Escrow Account Disclosure of [Redacted].   Reviewer Comment (2019-01-10): Received new EAD


Seller Comment (2019-01-09): this was corrected at docs
 1/XX/2019  11:00:53 AM     1 A 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM Yes
204989398           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Final Closing Disclosure incorrectly disclosed loan is not assumable.   Reviewer Comment (2019-01-09): Ok to waive per client.


Seller Comment (2019-01-09): This was a system glitch and has now been fixed - please waive
     1/XX/2019  6:33:55 PM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989398           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) Final Closing Disclosure disclosed closing date as [Redacted]. Closing documents were signed and dated on [Redacted].   Reviewer Comment (2019-01-09): Ok to waive per client.


Seller Comment (2019-01-09): California closing documents are not date sensitive therefore it's ok if the borrower doesn't sign the date they're generated. - please waive
     1/XX/2019  6:34:15 PM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989398           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The seller's CD reflects $[Redacted] whereas the borrower's CD reflects $[Redacted].   Reviewer Comment (2019-01-10): Reran Compliance
 1/XX/2019  11:00:53 AM     1 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989398           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. DTI exceeds [Redacted]. Borrower has employment stability for 9 years on current job with 15 total in industry.

Guideline variance approved by lender at time of origination		 Reviewer Comment (2019-01-09): Exception provided for DTI exceeding guidelines.
     1/XX/2019  6:40:04 PM 2 B 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989398           Compliance Compliance Federal Compliance 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 Risk. DTI > [Redacted]   Reviewer Comment (2019-01-10): Reran Compliance
 1/XX/2019  11:00:53 AM     1 A 8/XX/2018 CA Primary Purchase Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
204989398           Compliance Compliance Federal Compliance 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 > [Redacted]   Reviewer Comment (2019-01-10): Reran Compliance
 1/XX/2019  11:00:53 AM     1 A 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989398           Credit Credit Miscellaneous Credit Exception:   Missing compliance report.   Reviewer Comment (2019-01-09): Compliance report provided.
 1/XX/2019  6:40:58 PM     1 A 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989398           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) The Note allows for assumption, however the Closing Disclosure indicates the loan is not assumable.   Reviewer Comment (2019-01-10): Ok to waive per client.  Note verbiage is correct with assumption.
     1/XX/2019  5:05:11 PM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989398           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) Borrower signed documents [Redacted]   Reviewer Comment (2019-01-10): Ok to waive per client.
     1/XX/2019  5:05:48 PM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989400           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___.   $54,808.57 Residual Income

PITIA reserves above minimum by 6 months or greater		 Reviewer Comment (2018-10-29): Exception approval received. Loan amount at $x,xxx,xxx and use of xxxx RSU income as well as calculating RSU income of xx week average. Compensating Factors: x) Borrower contribution. x) Reserves. x) Residual Income.
     10/XX/2018  10:38:41 AM 2 B 8/XX/2018 CA Investment Refinance - Rate/Term   C B C B A A A A N/A N/A No
204989400           Credit Credit Miscellaneous Credit Exception:   Per the [Redacted], borrower receives [Redacted] monthly stock options.  Please provide proof of receipt.   Reviewer Comment (2019-01-10): Rec'd income calculation.


Seller Comment (2019-01-09): this is in the file


Reviewer Comment (2018-12-08): Provide income analysis worksheet; unable to determine how income was calculated.


Reviewer Comment (2018-10-29): Received exception approval, but no documentation of receipt or what the RSU shares are value at in order to do any type of income calculation
 1/XX/2019  1:10:09 PM     1 A 8/XX/2018 CA Investment Refinance - Rate/Term   C B C B A A A A N/A N/A No
204989400           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ Missing VVOE dated within [Redacted] days of closing.   Reviewer Comment (2019-01-10): Rec'd privacy policy from Spectrax website dated x/xx/xx.


Seller Comment (2019-01-09): this is in the file


Reviewer Comment (2018-12-26): Received undated Privacy Policy


Reviewer Comment (2018-12-08): Missing VVOE dated within 10 days of closing.  SOS printouts are not dated.


Seller Comment (2018-12-07): these were in the file


Reviewer Comment (2018-10-29): Document provided does not clear exception.
 1/XX/2019  1:11:46 PM     1 A 8/XX/2018 CA Investment Refinance - Rate/Term   C B C B A A A A N/A N/A No
204989401           Property Property - Appraisal Appraisal Reconciliation Desk Review value is less than Appraised value by at least 10%.   Desk review value is indeterminate.   Reviewer Comment (2018-10-29): Rec'd desk review with value of $x,xxx,xxx.


Buyer Comment (2018-10-29): The desk review that was originally provided was erroneous please see attached
 10/XX/2018  11:18:06 AM     1 A 08/04/2018 CA Primary Refinance - Rate/Term   C A C A B A C A Non QM Non QM No
204989401           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ BOTH BORROWERS.  [Redacted].  Missing evidence of the existence of the business within 10 calendar days of closing verified through a disinterested third party such as CPA, regulatory agency, applicable licensing bureau, or verification of a phone and address listing using the internet.   Reviewer Comment (2018-12-08): Rec'd copy of license pulled xx/x/xx.


Reviewer Comment (2018-10-29): Rec'd VVOEs.  Processor's Certification is insufficient for self-employed verification.
 12/XX/2018  10:09:28 AM     1 A 08/04/2018 CA Primary Refinance - Rate/Term   C A C A B A C A Non QM Non QM No
204989401           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2019-01-04): Attestation approved by (Redacted) in file.


Reviewer Comment (2018-12-08): Please provide copy of broker agreement.  Unable to locate in file.


Seller Comment (2018-12-07): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 01/04/2019     1 A 08/04/2018 CA Primary Refinance - Rate/Term   C A C A B A C A Non QM Non QM No
204989403           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Lenders final loan approval was not located in loan package   Reviewer Comment (2019-01-11): Rec'd loan approval
 1/XX/2019  9:56:06 AM     1 A 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989403           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. The Loan Originator Compensation Disclosure is not included in the file.   Reviewer Comment (2019-01-07): Attestation approved by (Redacted) in file.
 1/XX/2019  7:01:38 PM     1 A 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989403           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Projected Principal And Interest Payment Max Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed a maximum periodic principal and interest payment for payment stream 2 that does not match the actual maximum payment for the loan. (ProjSeq:2/556326) The CD reflects a maximum payment of [Redacted] whereas actual is [Redacted].   Reviewer Comment (2019-01-11): cleared with compliance re-run


Seller Comment (2019-01-10): The initial rate cap is 2% not 2.005% - the CD is correct
 1/XX/2019  9:55:25 AM     1 A 8/XX/2018 CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
204989403           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Projected Principal And Interest Payment Max Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed a maximum periodic principal and interest payment for payment stream 3 that does not match the actual maximum payment for the loan. (ProjSeq:3/556327) The CD reflects a maximum payment of [Redacted] whereas actual is [Redacted]   Reviewer Comment (2019-01-11): cleared with compliance re-run


Seller Comment (2019-01-10): The initial rate cap is 2% not 2.005% - the CD is correct
 1/XX/2019  9:55:25 AM     1 A 8/XX/2018 CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
204989403           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) The CD reflects [Redacted] whereas the notary date on the security instrument is [Redacted].   Reviewer Comment (2019-01-11): duplicate


Seller Comment (2019-01-10): California closing documents are not date sensitive therefore it's ok if the borrower doesn't sign the date they're generated. - please waive
 1/XX/2019  9:55:25 AM     1 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989403           Compliance Compliance Federal Compliance 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 2 that does not match the actual payment for the loan. (ProjSeq:2/556326) The CD reflects a minimum payment of [Redacted] whereas actual is [Redacted].   Reviewer Comment (2019-01-11): cleared with compliance re-run


Seller Comment (2019-01-10): The initial rate cap is 2% not 2.005% - the CD is correct
 1/XX/2019  9:55:25 AM     1 A 8/XX/2018 CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
204989403           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The seller's CD reflects [Redacted] whereas the borrower's CD reflects x.   Reviewer Comment (2019-01-11): duplicate
 1/XX/2019  9:55:25 AM     1 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989403           Credit Credit Miscellaneous Credit Exception:   Per guidelines, borrower must be [Redacted] XXX the business if business statements are being used to qualify.  The borrower is [Redacted] XXX the business. 11 months reserves

$12,000 residual income		 Reviewer Comment (2019-01-11): Rec'd exception.  Borrower is 50% XXX business.
     1/XX/2019  9:59:40 AM 2 B 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989403           Compliance Compliance Federal Compliance RESPA Disclosure - Affiliated Business Arrangement Disclosure Missing RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to borrower.     Reviewer Comment (2019-01-11): Rec'd attestation of no affiliates.


Seller Comment (2019-01-10): (Redacted), Inc has no affiliation with any parties therefore this document isn't needed
 1/XX/2019  9:57:49 AM     1 A 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204989403           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) The final CD discloses the loan is not assumable, the note contains assumption language.   Reviewer Comment (2019-01-11): duplicate


Seller Comment (2019-01-10): This was a system glitch and has now been fixed - please waive
 1/XX/2019  9:55:25 AM     1 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989403           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Property Costs Year 1 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. (Final/[Redacted])     Reviewer Comment (2019-01-11): duplicate


Seller Comment (2019-01-10): This is correct the property taxes are calculated at x.xx% (x,xxx,xxx x x.xx% = x,xxx.xx) xxxx.xx+xxx.xx+xxx = xxxx.xx x xx = xx,xxx.xx
 1/XX/2019  9:55:25 AM     1 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989403           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) [Redacted].  Recording fees increased from $[Redacted] to $[Redacted] with no valid change of circumstance.   Reviewer Comment (2019-01-11): duplicate
 1/XX/2019  9:55:25 AM     1 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989403           Compliance Compliance Federal Compliance 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 10% or $xxx.xx.  Insufficient or no cure was provided to the borrower. (0) [Redacted].  Recording fees increased from $[Redacted] to $[Redacted] with no valid change of circumstance.   Reviewer Comment (2019-01-24): COC provided to show increase of 3rd party fees upon receipt of invoice.


Reviewer Comment (2019-01-11): This is not a valid COD and the fees cannot increase over 10% from the baseline.  A PCCD, cure to borrower and LOE must be done to clear exception.


Seller Comment (2019-01-10): see uploaded COC form
 1/XX/2019  4:37:45 PM     1 A 8/XX/2018 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
204989403           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) The final CD discloses the loan is not assumable, the note contains assumption language.   Reviewer Comment (2019-01-11): Ok to waive per client.
     1/XX/2019  3:04:33 PM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989403           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) The CD reflects [Redacted] whereas the notary date on the security instrument is [Redacted].   Reviewer Comment (2019-01-14): Ok to waive per client.


Seller Comment (2019-01-14): please waive
     1/XX/2019  3:00:20 PM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989403           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Property Costs Year 1 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. (Final/[Redacted]) rebuttal:  This is correct the property taxes are calculated at [Redacted] ([Redacted] x [Redacted] = [Redacted]) [Redacted]+[Redacted]+[Redacted] = [Redacted] x [Redacted] = [Redacted]   Reviewer Comment (2019-01-11): Lender used 1.25% for property taxes.
 1/XX/2019  10:12:17 AM     1 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989403           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) [Redacted]. Recording fees increased from $[Redacted] to $[Redacted] with no valid change of circumstance.   Reviewer Comment (2019-01-23): Waive per client.
     1/XX/2019  12:30:44 PM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989404           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Missing the initial LE.   Reviewer Comment (2018-10-29): Seller provided the initial LE dated  [Redacted]
 5/XX/2018  10:39:27 AM     1 A 5/XX/2018 FL Second Home Purchase Good faith redisclosure C B A A C B A A Non QM Non QM Yes
204989404           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Missing the initial LE.   Reviewer Comment (2018-10-29): Seller provided the initial LE dated  [Redacted]
 5/XX/2018  10:39:27 AM     1 A 5/XX/2018 FL Second Home Purchase Good faith redisclosure C B A A C B A A Non QM Non QM Yes
204989404           Compliance Compliance Federal Compliance 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. Unable to locate the Homeownership Counseling Disclosure.   Reviewer Comment (2018-10-29): Seller provided the home ownership disclosure dated [Redacted].
 5/XX/2018  10:19:36 AM     1 A 5/XX/2018 FL Second Home Purchase   C B A A C B A A Non QM Non QM No
204989404           Compliance Compliance Federal Compliance TRID Final Closing Disclosure No Seller Paid Fees Non Primary Residence TRID Final Closing Disclosure  [Redacted] on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (Final [Redacted]) The borrower's CD did not disclose any seller paid fees.  A seller CD was not provided.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     6/XX/2018  2:29:20 PM 2 B 5/XX/2018 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
204989404           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Unable to locate evidence that the Home Loan Toolkit was provided to the borrower.   Reviewer Comment (2018-10-29): Seller provided the home loan toolkit dated [Redacted].
 5/XX/2018  10:19:36 AM     1 A 5/XX/2018 FL Second Home Purchase No Defined Cure C B A A C B A A Non QM Non QM No
204989404           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final [Redacted]) The CD was provided on  [Redacted]with no evidence of early receipt so the borrower did not receive it 3 days prior to signing on  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the initial CD dated  [Redacted]
 5/XX/2018  10:39:27 AM     1 A 5/XX/2018 FL Second Home Purchase No Defined Cure C B A A C B A A Non QM Non QM No
204989404           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $ [Redacted] may be required. All Loan Estimates are missing from the file.   Reviewer Comment (2018-10-29): Seller provided the initial LE dated [Redacted].
 5/XX/2018  10:39:27 AM     1 A 5/XX/2018 FL Second Home Purchase No Defined Cure C B A A C B A A Non QM Non QM No
204989404           Compliance Compliance Federal Compliance 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 three (3) business days of application.     Reviewer Comment (2018-10-29): Seller provided the affiliated business disclosure dated [Redacted].
 5/XX/2018  10:17:01 AM     1 A 5/XX/2018 FL Second Home Purchase   C B A A C B A A Non QM Non QM No
204989404           Compliance Compliance Federal Compliance TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on  [Redacted] reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (Final [Redacted]) The CD disclosed the Tax Service fee of $90.00 paid to the lender in Section B.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     6/XX/2018  2:29:24 PM 2 B 5/XX/2018 FL Second Home Purchase Good Faith Redisclosure C B A A C B A A Non QM Non QM Yes
204989404           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Missing the Settlement Service Providers List.   Reviewer Comment (2018-10-29): Seller provided the SSPL dated [Redacted].
 6/XX/2018  2:06:43 PM     1 A 5/XX/2018 FL Second Home Purchase No Defined Cure C B A A C B A A Non QM Non QM No
204989404           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on  [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final [Redacted]) Cure for various 0% tolerance violations was not provided.   Reviewer Comment (2018-10-29): Seller provided the SSPL dated [Redacted].
 6/XX/2018  2:06:43 PM     1 A 5/XX/2018 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
204989404           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $x,xxx.xx plus 10% or $x,xxx.xx.  Insufficient or no cure was provided to the borrower. (0) Due to increase in Warranty, Survey, Endorsement, Lenders Title and Recording service Dee(s). No COC's or SSPL.   Reviewer Comment (2018-10-29): Seller provided the SSPL dated [Redacted].
 6/XX/2018  2:06:43 PM     1 A 5/XX/2018 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 A A C B A A Non QM Non QM Yes
204989405           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         01/04/2019     1 A 9/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
204989405           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR             1/XX/2019  12:32:11 PM 2 B 9/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
204989405           Credit Credit Credit Documentation No evidence of fraud report in file         12/XX/2018  10:12:53 AM     1 A 9/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
204989405           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering:  No Safe Harbor based on non-compliant Anti-Steering Disclosure         1/XX/2019  12:39:34 PM     1 A 9/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
204989405           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption             1/XX/2019  12:39:48 PM 2 B 9/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204989405           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits         10/XX/2018  2:27:47 PM     1 A 9/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204989405           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided         10/XX/2018  2:27:47 PM     1 A 9/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation 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
204989407           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-01-10): Approval provided.
 1/XX/2019  1:20:39 PM     1 A 8/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B A A C A N/A N/A No
204989407           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.       Reviewer Comment (2018-10-29): Rec'd desk review.
 10/XX/2018  7:31:00 AM     1 A 8/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B A A C A N/A N/A No
204989407           Credit Credit Miscellaneous Credit Exception:   Guidelines require [Redacted] months business bank statements.  The file contains [Redacted] months for each business.   Reviewer Comment (2019-01-10): Guidelines allow for 12 months.


Seller Comment (2019-01-09): we have a 12 month business bank statement program
 1/XX/2019  1:26:36 PM     1 A 8/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B A A C A N/A N/A No
204989407           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Missing exception for DTI  >[Redacted]. $654,000 reserves.

Borrower has employment stability for 6 years.		 Reviewer Comment (2019-01-10): Rec'd exception for DTI >50%.
     1/XX/2019  1:29:24 PM 2 B 8/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B A A C A N/A N/A No
204989407           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ BOTH BORROWERS.  [Redacted].  Missing evidence of the existence of the business within 10 calendar days of closing verified through a disinterested third party such as CPA, regulatory agency, applicable licensing bureau, or verification of a phone and address listing using the internet.   Reviewer Comment (2019-01-10): Received XXX Business Entity report.


Reviewer Comment (2019-01-10): Rec'd XXX.  Missing XXX
 1/XX/2019  6:27:53 PM     1 A 8/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B A A C A N/A N/A No
204989413           Compliance Compliance Federal Compliance TRID Seller Closing Disclosure Fees Lesser than Final Closing Disclosure Seller Paid Fees TILA-RESPA Integrated Disclosure:  Fees disclosed on the Seller's Closing Disclosure are less than the Seller Paid fees disclosed on the Consumer's Final Closing Disclosure. (Final/[Redacted]) Fees entered from the FCD and the Seller CD.  No fees listed on the Seller CD.  Taxes paid by the seller is listed on the FCD, but not on the Seller CD.   Reviewer Comment (2019-01-11): Duplicate
 1/XX/2019  11:16:33 AM     1 A 8/XX/2018 AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C A C A A A C A Non QM Non QM Yes
204989413           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.       Reviewer Comment (2018-10-29): Satisfactory desk review has been provided.
 10/XX/2018  10:03:10 AM     1 A 8/XX/2018 AZ Primary Purchase   C A C A A A C A Non QM Non QM No
204989413           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date.   Disbursement date change to [Redacted].   Reviewer Comment (2019-01-11): Final settlement statement provided to show disbursement date was x/xx.
 1/XX/2019  4:11:43 PM     1 A 8/XX/2018 AZ Primary Purchase   C A C A A A C A Non QM Non QM No
204989413           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-01-11): Rec'd approval.
 1/XX/2019  11:10:28 AM     1 A 8/XX/2018 AZ Primary Purchase   C A C A A A C A Non QM Non QM No
204989413           Credit Loan Package Documentation Closing / Title Missing Document: Rider - Other not provided       Reviewer Comment (2019-01-11): Rec'd rider.


Seller Comment (2019-01-10): this is in the file right after the deed of trust
 1/XX/2019  11:19:27 AM     1 A 8/XX/2018 AZ Primary Purchase   C A C A A A C A Non QM Non QM No
204989413           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date. Hazard Insurance Policy Effective Date ___, Transaction Date:  ___ The Effective date of the Insurance policy for the subject is x day after the Note/Transaction date.   Reviewer Comment (2019-01-11): Final settlement statement provided to show loan fully disbursed on x/xx therefore policy went into affect on same day.
 1/XX/2019  4:12:26 PM     1 A 8/XX/2018 AZ Primary Purchase   C A C A A A C A Non QM Non QM No
204989413           Compliance Compliance Federal Compliance TRID Seller Closing Disclosure Fees Lesser than Final Closing Disclosure Seller Paid Fees TILA-RESPA Integrated Disclosure:  Fees disclosed on the Seller's Closing Disclosure are less than the Seller Paid fees disclosed on the Consumer's Final Closing Disclosure. (Final/[Redacted]) clear - both reflect -0- at closing   Reviewer Comment (2019-01-11): The borrower's and the seller's CDs both reflect $x at closing.
 1/XX/2019  11:18:50 AM     1 A 8/XX/2018 AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C A C A A A C A Non QM Non QM Yes
204989416           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Missing approval   Reviewer Comment (2018-12-08): Rec'd approval.
 12/XX/2018  10:10:38 AM     1 A 8/XX/2018 AZ Investment Refinance - Cash-out - Other   C B C B A A A A N/A N/A No
204989416           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Combined loan to value discrepancy.   Per guidelines, if the property was acquired within the last [Redacted] months, the lower of the original pur[Redacted]price or appraised value will be utilized.  The borrowers purchased the property in February, [Redacted] for [Redacted]. 26 months reserves > 6 months guideline minimum - borrowers have verified reserves of $46,250

728 representative FICO score >620 guideline minimum - 108 points above guideline minimum		 Reviewer Comment (2019-01-22): Exception provided for using appraised values instead of acquisition price.


Seller Comment (2019-01-22): Per notes from the appraiser the home was extensively renovated and shows like new. Borrower advised that costs of renovation were close to xxxk. Condition of the home and work completed is above average for area.


Reviewer Comment (2019-01-02): Rec'd exception allowing for use of appraised value to calculate LTV.
     1/XX/2019  1:18:13 PM 2 B 8/XX/2018 AZ Investment Refinance - Cash-out - Other   C B C B A A A A N/A N/A No
204989430           Compliance Compliance Federal Compliance Flood Insurance Escrow - Flood not Escrowed for Property in Flood Zone Loan originated post December 2015, the subject property is in a flood zone, flood insurance is not escrowed. Flood insurance paid by HOA.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     5/XX/2018  10:42:46 AM 2 B 5/XX/2018 FL Second Home Purchase   C B A A C B A A Non QM Non QM No
204989430           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     5/XX/2018  10:42:51 AM 2 B 5/XX/2018 FL Second Home Purchase   C B A A C B A A Non QM Non QM No
204989430           Compliance Compliance Federal Compliance 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 $XXX on Final Closing Disclosure provided on  [Redacted] not accurate. (Final [Redacted] The HOA fees of $573 cited in the Appraisal would total $ [Redacted] in the first year.  Please provide supporting documentation for the amount used, or provide a Post Consummation CD noting the change; no cure is due to the borrower.   Reviewer Comment (2018-10-29): Seller provided the PCCD and LOX
   6/XX/2018  10:18:29 AM   2 B 5/XX/2018 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
204989430           Compliance Compliance Federal Compliance TRID Final Closing Disclosure No Seller Paid Fees Non Primary Residence TRID Final Closing Disclosure  [Redacted] on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (Final/ [Redacted]) Both borrower's and seller's CD have zero fees paid by seller.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     5/XX/2018  10:42:59 AM 2 B 5/XX/2018 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
204989431           Credit Missing Document General Incomplete Document: 1003 Initial - Lender's is incomplete   Please provide fully executed Initial [Redacted].   Reviewer Comment (2018-10-29): Seller provided the initial application executed on  [Redacted]
 06/04/2018     1 A 5/XX/2018 FL Second Home Purchase   C B C B C B A A Non QM Non QM No
204989431           Credit Loan Package Documentation Application / Processing Missing Document: Fraud Report not provided   Please provide Fraud Report.   Reviewer Comment (2018-10-29): Seller provided the Fraud report dated  [Redacted]
 6/XX/2018  9:10:17 AM     1 A 5/XX/2018 FL Second Home Purchase   C B C B C B A A Non QM Non QM No
204989431           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Primary [Redacted]) Missing evidence of the borrower's receipt of the appraisal.   Reviewer Comment (2018-10-29): Seller provided the appraisal receipt dated  [Redacted]
 06/04/2018     1 A 5/XX/2018 FL Second Home Purchase   C B C B C B A A Non QM Non QM No
204989431           Compliance Compliance Federal Compliance 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 three (3) business days of application. Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2018-10-29): Seller provided the affiliated business disclosure dated  [Redacted]
 6/XX/2018  1:40:41 PM     1 A 5/XX/2018 FL Second Home Purchase   C B C B C B A A Non QM Non QM No
204989431           Compliance Compliance Federal Compliance 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. Missing evidence of the borrower's receipt of the List of Homeownership Counseling Organizations.   Reviewer Comment (2018-10-29): Seller provided the Home owneownership counseling dated  [Redacted]
 06/04/2018     1 A 5/XX/2018 FL Second Home Purchase   C B C B C B A A Non QM Non QM No
204989431           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. Missing evidence of the borrower's electronic consent.   Reviewer Comment (2018-10-29): Seller provided the e-consent dated  [Redacted]
 06/04/2018     1 A 5/XX/2018 FL Second Home Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204989431           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on  [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final [Redacted]) Cure for (Appraisal Desk Review Fee) of ($150.00)was not provided.   Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.
   6/XX/2018  1:45:42 PM   2 B 5/XX/2018 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989431           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing evidence of the borrower's receipt of the Home Loan Toolkit.   Reviewer Comment (2018-10-29): Seller provided the Home loan toolkit dated  [Redacted]
 06/04/2018     1 A 5/XX/2018 FL Second Home Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204989431           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final [Redacted]) Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2018-10-29): Seller provided the initial CD dated  [Redacted]
 06/04/2018     1 A 5/XX/2018 FL Second Home Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204989431           Compliance Compliance Federal Compliance 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. (Final [Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $ [Redacted], while closing CD seller's fees total $0.00.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     6/XX/2018  1:37:33 PM 2 B 5/XX/2018 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989431           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Missing evidence of the borrower's receipt of the List of Service Providers.   Reviewer Comment (2018-10-29): Seller provided the SSPL dated  [Redacted]
 06/04/2018     1 A 5/XX/2018 FL Second Home Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204989431           Compliance Compliance Federal Compliance 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 $0.00.  Insufficient or no cure was provided to the borrower. (7505) Fee was not disclosed on Loan Estimate.   Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label.


Reviewer Comment (2018-10-29): Not disclosed on the initial LE loan program required a appraisal desk review, No valid COC. Please provide refund, PCCD, LOX and shipping label for cure.
   6/XX/2018  1:45:32 PM   2 B 5/XX/2018 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 B C B A A Non QM Non QM Yes
204989431           Credit Credit Credit Eligibility Guideline Issue: Bankruptcy timeline outside of credit guidelines   Lender approved exception to allow Borrower has a Bankruptcy Chapter 13 discharged 15 months ago  [Redacted] vs program requirement of no bankruptcies over the past 48 months. Borrower is a System Administrator, in the same line of work for 30 years

Borrower has 2 open and 5 closed mortgage, all 0x30 since inception (7/2004)

Reserves are 150.88 months, 147.88 months > program requirement of 3 months

Credit score is 723, 23 points > program requirement of 700

LTV is 80%, 5% < program maximum of 85%		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     5/XX/2018  11:35:28 AM 2 B 5/XX/2018 FL Second Home Purchase   C B C B C B A A Non QM Non QM No
204989439           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.33490% or Final Disclosure APR of 8.39200% is in excess of allowable threshold of APOR 4.62% + 1.5%, or 6.12000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     5/XX/2018  9:25:11 AM 1 A 5/XX/2018 FL Primary Purchase   C B C B B B A A Non QM Non QM No
204989439           Compliance Compliance Federal Compliance 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. (Final [Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $ [Redacted], while closing CD seller's fees total $0.00   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     6/XX/2018  10:41:26 AM 2 B 5/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
204989439           Credit Assets Asset Documentation Guideline Issue:Insufficient asset documentation. Financial Institution:  [Redacted] / End Date:  [Redacted]// Account Type: Trust Funds / Account Number:  [Redacted] Please provide additional statement to cover 60 days as required per guides. 2 closed mortgages reporting 0x30 since inception (11/2001).
No public records.

Borrowers own land in XXX, FL and XXX, NC, free and clear.

43.796% DTI on this Bank Statement documentation loan < 50.00% guideline max - 6.204% below program guideline maximum

Borrower has self-employment stability for 7+ years.

LTV is XXX%, 3.825% less than program maximum of 85%.		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.


Reviewer Comment (2018-10-29): Seller provided evidence of  [Redacted] deposit from sale of home - using balance of statement  [Redacted] - please provide 60 days for account  [Redacted] with  [Redacted] as required per guides. Exception remains.


Reviewer Comment (2018-10-29): Seller provided additional dates covering  [Redacted]for account  [Redacted] however  exception is for account  [Redacted] requiring an additional statement to cover 60 days. Exception remains.


Reviewer Comment (2018-10-29): Seller provided a copy of the  [Redacted] statement with end date of  [Redacted] however this does not cover 60 days please provide an addition statement for  [Redacted] or  [Redacted] to cover the minimum 60 days as required per the guides. Exception remains.
     7/XX/2018  11:37:50 AM 2 B 5/XX/2018 FL Primary Purchase   C B C B B B A A Non QM Non QM No
204989439           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Lender approved. 2 closed mortgages reporting 0x30 since inception (11/2001).
No public records.

Borrowers own land in XXX, FL and XXX, NC, free and clear.

43.796% DTI on this Bank Statement documentation loan < 50.00% guideline max - 6.204% below program guideline maximum

Borrower has self-employment stability for 7+ years.

LTV is 81.175%, 3.825% less than program maximum of 85%.		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     5/XX/2018  9:37:04 AM 2 B 5/XX/2018 FL Primary Purchase   C B C B B B A A Non QM Non QM No
204989439           Credit Credit Miscellaneous Credit Exception:   Business funds are being used for reserves, however CPA will not provide a letter. Exception is for use of business funds without a CPA letter vs program requirement to obtain a statement from CPA stating that the withdrawal of funds will not have a negative impact on the business. Lender approved. 2 closed mortgages reporting 0x30 since inception (11/2001).
No public records.

Borrowers own land in XXX, FL and XXX, NC, free and clear.

43.796% DTI on this Bank Statement documentation loan < 50.00% guideline max - 6.204% below program guideline maximum

Borrower has self-employment stability for 7+ years.

LTV is 81.175%, 3.825% less than program maximum of 85%.		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     5/XX/2018  9:36:55 AM 2 B 5/XX/2018 FL Primary Purchase   C B C B B B A A Non QM Non QM No
204989458           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.47890% or Final Disclosure APR of 7.48500% is in excess of allowable threshold of APOR 4.35% + 1.5%, or 5.85000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     6/XX/2018  10:04:45 AM 1 A 5/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204989458           Compliance Compliance Federal Compliance 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. Missing evidence of the borrower's receipt of the List of Homeownership Counseling Organizations.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     6/XX/2018  11:47:22 AM 2 B 5/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204989458           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing evidence of the borrower's receipt of the Home Loan Toolkit.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     6/XX/2018  11:47:29 AM 2 B 5/XX/2018 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204989458           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final [Redacted]) Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2018-10-29): Seller provided the initial CD dated  [Redacted]
 6/XX/2018  12:06:35 PM     1 A 5/XX/2018 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204989458           Compliance Compliance Federal Compliance 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 $6 [Redacted] exceeds tolerance of $ [Redacted].  Sufficient or excess cure was provided to the borrower at Closing. (7506) Fee disclosed as ($ [Redacted]) on (LE dated  [Redacted] but disclosed as ($ [Redacted]) on Final Closing Disclosure. Cure for ($100.00) was provided.       6/XX/2018  10:51:02 AM   1 A 5/XX/2018 FL Primary Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
204989458           Credit Credit Credit Documentation Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   The Lender Exception request provided in the file to allow x months Rent history versus a guideline of [Redacted] months was not signed and dated by the Lender. 45.55 months reserves > 3 months guideline minimum

13.38431% DTI on this Alt documentation loan < 50% guideline max - 36.61569% below program guideline maximum

Borrower has been self employed as a XXX for XXX for the past 4 years		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     6/XX/2018  12:21:25 PM 2 B 5/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204989458           Credit Credit Credit Eligibility Credit Issue:  Charged off accounts on credit report were not satisfied at closing per loan approval.   The Final Approval dated  [Redacted]  with a Clear to Close date of  [Redacted] indicates that the  [Redacted] account # [Redacted]reflecting as both an Authorized account and a charge off for $ [Redacted] was to be paid at closing; there is no evidence that this occurred or that it was waived by an underwriter prior to closing.   Reviewer Comment (2018-10-29): Seller provided a credit supplement dated  [Redacted] with  [Redacted] deleted as borrower not responsible for payments verified per ECOA.
 6/XX/2018  12:23:32 PM     1 A 5/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204989458           Credit Credit Miscellaneous Credit Exception:   The final, signed and dated Lender Exception Approval is missing from the file; the exception request made was to allow x months rental history for the borrower versus a guideline requirement of [Redacted] months.   Reviewer Comment (2018-10-29): Seller provided the signed and dated lender exception  [Redacted]
 6/XX/2018  12:18:47 PM     1 A 5/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204989461           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.38570% or Final Disclosure APR of 6.38700% is in excess of allowable threshold of APOR 4.69% + 1.5%, or 6.19000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     6/XX/2018  11:10:22 AM 1 A 5/XX/2018 FL Primary Refinance - Cash-out - Other   A B A B A A A A Non QM Non QM No
204989461           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Lender approved Borrower has been self-employed as a XXX, Inc for the past 17 years

Borrower has perfect credit history with never a late payment, borrower also has perfect mortgage history with never a late payment going back a full 24 months

Credit score 733, 13 points > program requirement of 720

29.61515% DTI on this ALT documentation loan < 50% guideline max - 20.38485% below program guideline maximum

LTV 67.62712%, 12.373% < program maximum of 80%		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     7/XX/2018  2:55:20 PM 2 B 5/XX/2018 FL Primary Refinance - Cash-out - Other   A B A B A A A A Non QM Non QM No
204989471           Credit Missing Document General Incomplete Document: 1003 Initial - Lender's is incomplete   Fully executed Initial 1003 for both borrowers not provided in file.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     6/XX/2018  1:50:58 PM 2 B 5/XX/2018 FL Primary Purchase   C B C B B B A A Non QM Non QM No
204989471           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.15980% or Final Disclosure APR of 7.17300% is in excess of allowable threshold of APOR 4.64% + 2.5%, or 7.14000%.  Compliant Higher Priced Mortgage Loan. Disclosure reflects APR as [Redacted]; calculated is [Redacted]%; threshold is [Redacted].   Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     6/XX/2018  9:52:40 AM 1 A 5/XX/2018 FL Primary Purchase   C B C B B B A A Non QM Non QM No
204989471           Compliance Compliance Federal Compliance 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. Missing evidence of the borrower's receipt of the List of Homeownership Counseling Organizations.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     6/XX/2018  1:51:05 PM 2 B 5/XX/2018 FL Primary Purchase   C B C B B B A A Non QM Non QM No
204989471           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate  [Redacted] received on or after the date the Closing Disclosure  [Redacted]was received. (Interim [Redacted]) Revised Loan Estimate issued  [Redacted] is not executed by borrower; calculated received date is  [Redacted] Initial CD is dated  [Redacted].   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     6/XX/2018  1:51:12 PM 2 B 5/XX/2018 FL Primary Purchase No Defined Cure C B C B B B A A Non QM Non QM No
204989471           Compliance Compliance Federal Compliance 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. (Final [Redacted]) Seller paid fees on the buyers Closing Disclosure is $0; seller paid fees on the sellers Closing Disclosure is $ [Redacted].  Seller paid fees not listed on the borrowers Final CD  [Redacted]   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     6/XX/2018  1:51:22 PM 1 A 5/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
204989471           Credit Income / Employment Income Documentation Income Docs Missing:   Please provide  [Redacted] bank statement from  [Redacted]used for income to qualify for Borrower.   Reviewer Comment (2018-10-29): [Redacted] not used ion 12 month analysis - Lender used  [Redacted].
 6/XX/2018  1:59:52 PM     1 A 5/XX/2018 FL Primary Purchase   C B C B B B A A Non QM Non QM No
204989472           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Lender approved exception to allow Credit score is [Redacted] vs program requirement of [Redacted] for [Redacted] LTV. Borrowers have 13 new accounts established since Bk discharge 6 years ago (3/2012) all paid as agreed

Reserves are 8.47 months, 5.47 months > program requirement of 3 months

DTI is 44.31%, 5.69% < program maximum of 50%

Co-Borrower is a XXX

Borrower is self-employed for 2.5 years, XXX and in same line of work for 20 years		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     6/XX/2018  9:59:17 AM 2 B 6/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204989472           Compliance Compliance Federal Compliance 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.) (Final [Redacted]) The provided seller disclosure and final disclosure reflect the seller paid no fees toward closing   Reviewer Comment (2018-10-29): Seller provided the PCCD and LOX.
   6/XX/2018  12:41:35 PM   2 B 6/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204989472           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial [Redacted]) Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2018-10-29): Seller provided the initial CD dated  [Redacted] electronically signed on  [Redacted]
 6/XX/2018  1:33:11 PM     1 A 6/XX/2018 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204989472           Credit Income / Employment Income Documentation Income Docs Missing: Borrower:  [Redacted] Please provide  [Redacted]Bank Statement worksheet supporting income used to qualify for the Borrower.   Reviewer Comment (2018-10-29): Seller provided the income analysis.


Reviewer Comment (2018-10-29): Seller provided the bank statement analysis however the document is missing the analysis of the amounts used over the 12 months. Please provide 12 month analysis. Exception remains.
 6/XX/2018  3:25:46 PM     1 A 6/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204989472           Credit Credit Credit Eligibility There are red flags on the fraud report that have not been addressed Credit Report: Original // Borrower:  [Redacted], Credit Report: Original // Borrower:  [Redacted] Please provide LOE regarding Bankruptcy and Foreclosure.   Reviewer Comment (2018-10-29): BK is > 6 years and Foreclosure 4 years meets guides no loe required.
 6/XX/2018  11:11:12 AM     1 A 6/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204989479           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.27740% or Final Disclosure APR of 7.33200% is in excess of allowable threshold of APOR 4.64% + 1.5%, or 6.14000%.  Compliant Higher Priced Mortgage Loan. Note Rate is [Redacted].   Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     6/XX/2018  5:22:50 PM 1 A 06/04/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
204989479           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation disclosure was not provided:   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     6/XX/2018  11:18:15 AM 2 B 06/04/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
204989479           Compliance Compliance Federal Compliance 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. (Final [Redacted]) Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure. Seller's CD reflects $XXX in seller paid closing costs, borrower's final CD shows $0.00.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     6/XX/2018  11:18:22 AM 2 B 06/04/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
204989479           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application.   Reviewer Comment (2018-10-29): Seller has provided the ARM disclosure dated  [Redacted]
 6/XX/2018  11:20:02 AM     1 A 06/04/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
204989479           Compliance Compliance Federal Compliance TRID non-compliant: Fees were not reflected in the correct section of the disclosure.   Borrowers did not use the vendor on SSPL for all Title Services, however, the fees were listed on section B instead of section C of Closing Disclosure. Note: Vendor shown on SSPL for Title Services are  [Redacted] or [Redacted]. Vendor used on Final CD is [Redacted].   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     6/XX/2018  11:18:32 AM 2 B 06/04/2018 FL Primary Purchase Good Faith Redisclosure C B A A C B A A Non QM Non QM Yes
204989483           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.54790% or Final Disclosure APR of 6.59100% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     6/XX/2018  12:43:07 PM 1 A 6/XX/2018 CA Primary Refinance - Rate/Term   C A C A B A A A Non QM Non QM No
204989483           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 6.54790% or Final Disclosure APR of 6.59100% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     6/XX/2018  12:43:12 PM 1 A 6/XX/2018 CA Primary Refinance - Rate/Term   C A C A B A A A Non QM Non QM No
204989483           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. File contains evidence that the borrower received electronic disclosures, missing documentation of consent   Reviewer Comment (2018-10-29): Seller provided the e-consent dated  [Redacted]
 6/XX/2018  12:45:59 PM     1 A 6/XX/2018 CA Primary Refinance - Rate/Term No Defined Cure C A C A B A A A Non QM Non QM No
204989483           Credit 1003 General Refi Purpose reflects Rate/Term and cash out greater than the lesser of 2% of the loan amount or $2000. Date Issued:  [Redacted] / Relative Sequence Num:  [Redacted] CD disclosed cash to borrower of $2,009.71.   Reviewer Comment (2018-10-29): Cash to close -amounts paid prior to close = xxx.xx.


Reviewer Comment (2018-10-29): Seller provided a CTC approval with cash out amount listed as x,xxx however cash out amount exceeds x,xxx on a rate and term. Exception remains.
 6/XX/2018  12:51:32 PM     1 A 6/XX/2018 CA Primary Refinance - Rate/Term   C A C A B A A A Non QM Non QM No
204989484           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Loan amount of $ [Redacted] exceeds program max of $ [Redacted].  Lender approved exception in file. No public records.

756 representative FICO score > 700  guideline minimum - 56 points above guideline minimum		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     6/XX/2018  9:17:55 AM 2 B 06/04/2018 CA Primary Purchase   C B C B B B A A Non QM Non QM No
204989484           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Secondary [Redacted])     Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.


Reviewer Comment (2018-10-29): Seller provided proof of the primary appraisal dated  [Redacted] provided however missing proof the second appraisal dated  [Redacted] was delivered within 3 business days prior to closing. Exception remains.
     6/XX/2018  10:07:51 AM 2 B 06/04/2018 CA Primary Purchase   C B C B B B A A Non QM Non QM No
204989484           Compliance Compliance Federal Compliance 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. (Final [Redacted]) The borrower's CD did not disclose the seller paid fees.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     6/XX/2018  12:29:27 PM 2 B 06/04/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
204989484           Credit Guideline Guideline Issue The borrower is self-employed.  Guidelines require either a tax professional letter or regulatory agency verifying at least 2 years of self-employment along with either a phone listing and/or business address using directory assistance or internet search to be in file.   Guidelines require x years of self-employment.  Lender approved exception for [Redacted] months of self-employment income. No public records.

756 representative FICO score > 700  guideline minimum - 56 points above guideline minimum		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     6/XX/2018  9:18:05 AM 2 B 06/04/2018 CA Primary Purchase   C B C B B B A A Non QM Non QM No
204989484           Credit Loan Package Documentation Application / Processing Missing Valuation: Valuation Type: Desk Review / Valuation Report Date:  [Redacted]     Reviewer Comment (2018-10-29): Seller provided the CDA dated  [Redacted]
 6/XX/2018  10:10:25 AM     1 A 06/04/2018 CA Primary Purchase   C B C B B B A A Non QM Non QM No
204989494           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Primary [Redacted] Missing evidence of the borrower's receipt of the appraisal.   Reviewer Comment (2018-10-29): Seller provided evidence of the appraisal receipt on  [Redacted]
 6/XX/2018  3:03:13 PM     1 A 6/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
204989494           Compliance Compliance Federal Compliance Federal FACTA Disclosure Timing Test FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2018-10-29): Seller provided the FACTA dated  [Redacted]
 6/XX/2018  3:11:15 PM     1 A 6/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
204989494           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.55010% or Final Disclosure APR of 7.60400% is in excess of allowable threshold of APOR 4.67% + 1.5%, or 6.17000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): Seller provided the LE dated  [Redacted]
 6/XX/2018  3:21:54 PM     1 A 6/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
204989494           Compliance Compliance Federal Compliance (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 three (3) business days prior to consummation. (Type:Primary [Redacted]) Missing evidence of the borrower's receipt of the appraisal.   Reviewer Comment (2018-10-29): Seller provided evidence of the appraisal receipt on  [Redacted]
 6/XX/2018  3:03:13 PM     1 A 6/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
204989494           Compliance Compliance Federal Compliance 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 three (3) business days of application. Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2018-10-29): Seller provided a copy of the Affiliated Business Disclosure disclosure dated  [Redacted]
 6/XX/2018  3:03:13 PM     1 A 6/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
204989494           Compliance Compliance Federal Compliance 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. Missing evidence of the borrower's receipt of the List of Homeownership Counseling Organizations.   Reviewer Comment (2018-10-29): Seller provided the homeownership counseling disclosure dated  [Redacted] and list dated  [Redacted]
 6/XX/2018  3:08:55 PM     1 A 6/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
204989494           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2018-10-29): Seller provided a copy of the ARM disclosure dated  [Redacted]
 6/XX/2018  3:03:13 PM     1 A 6/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
204989494           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. Missing evidence of the borrower's receipt of the Consumer Handbook on Adjustable Rate Mortgages.   Reviewer Comment (2018-10-29): Seller provided a copy of the CHARM disclosure dated  [Redacted]
 6/XX/2018  3:03:13 PM     1 A 6/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
204989494           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Missing evidence of the borrower's receipt of the Right to Receive a copy of the Appraisal Disclosure.   Reviewer Comment (2018-10-29): Seller provided the LE dated [Redacted].
 6/XX/2018  3:21:54 PM     1 A 6/XX/2018 FL Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM Yes
204989494           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - HPML Status HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Missing evidence of the borrower's receipt of the Right to Receive a copy of the Appraisal Disclosure.   Reviewer Comment (2018-10-29): Seller provided the LE dated [Redacted].
 6/XX/2018  3:21:54 PM     1 A 6/XX/2018 FL Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM Yes
204989494           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Missing evidence of the borrower's receipt of the Servicing Disclosure.   Reviewer Comment (2018-10-29): Seller provided the LE dated [Redacted].
 6/XX/2018  3:21:54 PM     1 A 6/XX/2018 FL Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM Yes
204989494           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing evidence of the borrower's receipt of the Home Loan Toolkit.   Reviewer Comment (2018-10-29): Seller provided the home loan tool kit dated [Redacted].
 6/XX/2018  3:08:55 PM     1 A 6/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
204989494           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final [Redacted] Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2018-10-29): Seller provided the initial CD dated  [Redacted]
 6/XX/2018  3:41:36 PM     1 A 6/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
204989494           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $ [Redacted] may be required. Missing evidence of the borrower's receipt of the Loan Estimate.   Reviewer Comment (2018-10-29): Seller provided the LE dated [Redacted].
 6/XX/2018  3:21:54 PM     1 A 6/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
204989494           Compliance Compliance Federal Compliance 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. (Final/ [Redacted] TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $ [Redacted], while closing CD seller's fees total $0.00.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive
     6/XX/2018  10:35:44 AM 2 B 6/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
204989494           Compliance Compliance Federal Compliance TRID non-compliant: Fees were not reflected in the correct section of the disclosure.   (Homeowner's Dues) of  [Redacted] were reflected in Section C.   Reviewer Comment (2018-10-29): The seller provided PCCD that corrected the fee placement
   6/XX/2018  12:14:17 PM   2 B 6/XX/2018 FL Primary Purchase Good Faith Redisclosure C B A A C B A A Non QM Non QM Yes
204989494           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.55010% or Final Disclosure APR of 7.60400% is in excess of allowable threshold of APOR 4.67% + 1.5%, or 6.17000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     6/XX/2018  3:23:36 PM 1 A 6/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
204989494           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Missing the SSLP   Reviewer Comment (2018-10-29): the seller provided SSPL
 6/XX/2018  12:11:21 PM     1 A 6/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
204989494           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. Missing e-consent   Reviewer Comment (2018-10-29): The seller provided Esign Consent Agreement
 6/XX/2018  12:11:21 PM     1 A 6/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
204989494           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate  [Redacted] received on or after the date the Closing Disclosure  [Redacted] 12:00:00 AM was received. (Interim [Redacted]) LE issue date  [Redacted] < Initial CD issue date  [Redacted] and LE received date  [Redacted] >= initial CD received date  [Redacted]   Reviewer Comment (2018-10-29): The seller provided proof of receipt
 6/XX/2018  12:11:21 PM     1 A 6/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
204989494           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on  [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim [Redacted]) LE received date  [Redacted] >= closing date less 3 days  [Redacted]   Reviewer Comment (2018-10-29): The seller provided proof of receipt
 6/XX/2018  12:11:21 PM     1 A 6/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
204989494           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on  [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final [Redacted]) Cure for (HOA dues fee) of ($3,000) was not provided.   Reviewer Comment (2018-10-29): The seller provided LOX and PCCD dated  [Redacted] that corrected the fee placement
   6/XX/2018  12:14:51 PM   2 B 6/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
204989494           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Homeowner's Dues.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Fee was not disclosed on Loan Estimate.   Reviewer Comment (2018-10-29): The seller provided LOX and PCCD dated  [Redacted] that corrected the fee placement
   6/XX/2018  12:15:06 PM   2 B 6/XX/2018 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
204989498           Credit Missing Document General Missing Document: Verification of Non-US Citizen Status not provided   Final [Redacted] reflects that borrower's are non-US Citizens; copy of SSN cards issued in CT are provided in file; [Redacted] should reflect US Citizens.   Reviewer Comment (2018-10-29): Seller provided a copy of the 1003 reflecting the borrowers as US citizens copy of SS cards provided in file.
 6/XX/2018  11:03:58 AM     1 A 6/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204989498           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.27660% or Final Disclosure APR of 7.32500% is in excess of allowable threshold of APOR 4.64% + 1.5%, or 6.14000%.  Compliant Higher Priced Mortgage Loan. Disclosure reflects APR as [Redacted]; calculated is [Redacted]%; threshold is [Redacted].   Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     6/XX/2018  10:53:45 AM 1 A 6/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204989498           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Evidence of being provided to borrower not in file.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     6/XX/2018  11:01:12 AM 2 B 6/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204989498           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final [Redacted]) Disclosure reflects "Will allow assumptions": note is fixed and does not have assumption verbiage.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     6/XX/2018  11:01:04 AM 2 B 6/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204989498           Compliance Compliance Federal Compliance 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.) (Final [Redacted]) Both Buyer and Seller CD reflect not seller paid fees.   Reviewer Comment (2018-10-29): Sellers CD and buyers CD reflects no seller paid fees.
 6/XX/2018  11:05:08 AM     1 A 6/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204989498           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final [Redacted]) Initial / Final CD dated  [Redacted] is executed on  [Redacted] closing date is  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the initial CD dated  [Redacted]
 6/XX/2018  11:14:16 AM     1 A 6/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
204989498           Compliance Compliance Federal Compliance TILA NMLSR - Individual Originator NMLS information on documents does not match NMLS website Truth in Lending Act (NMLSR Dodd- Frank 2014): Individual Loan Originator NMLSR information on loan documents does not match NMLSR. NMLS # listed on 1003 ( [Redacted]) is for another loan originator with the broker; the correct NMLS # for the loan originator is  [Redacted].   Reviewer Comment (2018-10-29): Seller provided a corrected PCCD and LOX.


Reviewer Comment (2018-10-29): Seller provided the updated 1003 with the NMLS corrected however the NMLS remains incorrect on the CD for the Broker contact as [Redacted]. Exception remains.
   6/XX/2018  12:23:30 PM   2 B 6/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM Yes
204989498           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Fee Acronyms or Abbreviations TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on  [Redacted] used abbreviated fees or fees listed as an acronym that are not reasonably understood by the consumer. (Final [Redacted]) Disclosure reflect a CDA fee; should reflect Collateral Desktop Analysis.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     6/XX/2018  11:00:56 AM 2 B 6/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204989498           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial [Redacted]) CD issue date  [Redacted] > closing date less 6 days  [Redacted] and CD received date  [Redacted] > closing date less 3 days  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the initial CD tracking with receipt on  [Redacted]
 6/XX/2018  9:45:45 AM     1 A 6/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
204991105           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. Unable to locate Borrower's consent to receive electronic disclosures.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     6/XX/2018  11:57:44 AM 2 B 6/XX/2018 CA Primary Purchase No Defined Cure C B C B B B A A Non QM Non QM No
204991105           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final [Redacted]) The final CD disclosed that the loan is not assumable; the note disclosed that the loan is assumable.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     6/XX/2018  11:57:49 AM 2 B 6/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
204991105           Compliance Compliance Federal Compliance 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. (Final [Redacted]) Seller paid fees on the buyers Closing Disclosure is $ [Redacted]; seller paid fees on the sellers Closing Disclosure is $ [Redacted].  Seller paid fees not listed on the borrowers Final CD [Redacted]   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     6/XX/2018  11:57:54 AM 2 B 6/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
204991105           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Lender approved exception to credit score provided in file. Reserves of 9.18 months , 3.18 months > program requirement of 6 months.

DTI is 37.24668%, .75332% < program maximum of 38%.

Borrower has employment stability for 18 years in the Mortgage Industry.

Low balance to limit ratios on revolving debt.

Borrower has a perfect credit history with no late payments going back 54 months.		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     6/XX/2018  2:01:53 PM 2 B 6/XX/2018 CA Primary Purchase   C B C B B B A A Non QM Non QM No
204991105           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Per guidelines: Purchase/  [Redacted] credit/90% LTV the max loan amount is $ [Redacted]; subject loan amount if $ [Redacted]; no exception provided in file. Reserves of 9.18 months , 3.18 months > program requirement of 6 months.

Borrower has employment stability for 18 years in the Mortgage Industry.

Low balance to limit ratios on revolving debt.		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     6/XX/2018  12:02:55 PM 2 B 6/XX/2018 CA Primary Purchase   C B C B B B A A Non QM Non QM No
204991111           Credit Income / Employment Income Documentation Income Docs Missing: Borrower:  [Redacted] ___ Lender approved exception provided for CPA letter written by a tax preparer and not a certified public accountant. Borrower has employment stability for 5 years as a XXX.

Credit score of 744 is 44 points above the program requirement of 700.

41.34 months reserves > 3 months guideline minimum - borrowers have verified reserves of $44,655.64.

18.97% DTI on this Bank Statement documentation loan < 38% guideline max - 19.03% below program guideline maximum		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     6/XX/2018  12:20:01 PM 2 B 6/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204991111           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final [Redacted]) Missing evidence that the borrower was provided the closing disclosure at least 3 business days prior to closing   Reviewer Comment (2018-10-29): Seller provided the initial CD dated  [Redacted] received  [Redacted]
 6/XX/2018  11:20:38 AM     1 A 6/XX/2018 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204991111           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.14110% or Final Disclosure APR of 7.17300% is in excess of allowable threshold of APOR 4.67% + 1.5%, or 6.17000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     6/XX/2018  12:14:41 PM 1 A 6/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204991111           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate  [Redacted] received on or after the date the Closing Disclosure  [Redacted] 12:00:00 AM was received. (Interim [Redacted]) LE dated  [Redacted] < Initial CD issue date  [Redacted] and LE received date  [Redacted] > = initial CD received date  [Redacted]   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     6/XX/2018  11:36:20 AM 2 B 6/XX/2018 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204991112           Compliance Compliance Federal Compliance 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. (Final [Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $ [Redacted], while closing CD seller's fees total $0.00   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  6:18:31 PM 2 B 6/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
204991112           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. Unable to locate evidence the CHARM Booklet was provided to the Borrower.   Reviewer Comment (2018-10-29): Seller provided the CHARM booklet dated  [Redacted]
 7/XX/2018  10:17:55 AM     1 A 6/XX/2018 CA Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
204991112           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.92190% or Final Disclosure APR of 6.95400% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     6/XX/2018  8:56:40 AM 1 A 6/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
204991112           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 6.92190% or Final Disclosure APR of 6.95400% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Higher Priced Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     6/XX/2018  8:56:54 AM 1 A 6/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
204991123           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.20750% or Final Disclosure APR of 6.22800% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     6/XX/2018  8:54:00 AM 1 A 6/XX/2018 TX Primary Purchase   C B A A C B A A Non QM Non QM No
204991123           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial [Redacted]) Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2018-10-29): Seller provided the  [Redacted] CD e-signed on  [Redacted]
 6/XX/2018  11:18:01 AM     1 A 6/XX/2018 TX Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
204991123           Compliance Compliance Federal Compliance 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. (Final [Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $ [Redacted], while closing CD seller's fees total $0.00.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     6/XX/2018  11:13:02 AM 2 B 6/XX/2018 TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
204991127           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Max LTV is [Redacted] per Lender guidelines.  There is an approved Lender Exception in file. No public records.

Borrower has employment stability for 11 years as a XXX.		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     6/XX/2018  9:09:13 AM 2 B 6/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B A A A A N/A N/A No
204991127           Credit Credit Miscellaneous Credit Exception:   Lender revised exception request states DTI of 51% and no 1008 with updated figures as review reflects 46.83640% DTI. A reserve exception for none is located as well however asset statements totaling $ [Redacted] from  [Redacted] and  [Redacted]l for $ [Redacted] months are in the file.   Reviewer Comment (2018-10-29): Seller provided the final xxxx/xxxx with income and assets DTI of xx.xxx no exception and no assets used per the xxxx and xxxx.
 6/XX/2018  12:15:39 PM     1 A 6/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B A A A A N/A N/A No
204991127           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy.   Lender approved   Reviewer Comment (2018-10-29): 34 months verified reserves with the use of accounts  [Redacted] as listed on 1003/1008 and statements provided.


Reviewer Comment (2018-10-29): Incorrectly waived - revised xxxx/xxxx with assets provided.


Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
 6/XX/2018  1:34:26 PM     1 A 6/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B A A A A N/A N/A No
204991147           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Appraisal dated 6/XX/2018 with no damage dated after declared disaster date 1/XX/2018. Reviewer Comment (2018-10-29): [Redacted] has elected to waive with compensating factor.
     7/XX/2018  12:46:08 PM 2 B 6/XX/2018 CA Primary Purchase   C B C B B B A A Non QM Non QM No
204991147           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Per  [Redacted] guidelines, 3 months verified PITI reserves are required. Assets provided verified only 2.36 months. No lender approved exception was provided. Borrower has been self-employed as XXX for the past 18 years.

Credit Score is 722, 22 points > program requirement of 700.

31.43277% DTI on this Alt documentation loan < 38% guideline max - 6.56723% below program guideline maximum		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     7/XX/2018  12:49:33 PM 2 B 6/XX/2018 CA Primary Purchase   C B C B B B A A Non QM Non QM No
204991147           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.45720% or Final Disclosure APR of 7.47000% is in excess of allowable threshold of APOR 4.58% + 2.5%, or 7.08000%.  Compliant Higher Priced Mortgage Loan. The disclosed APR exceeds the allowable APR by [Redacted]. No compliance report provided.   Reviewer Comment (2018-10-29): [Redacted] purchases HPML complaint loans.
     7/XX/2018  9:19:54 AM 1 A 6/XX/2018 CA Primary Purchase   C B C B B B A A Non QM Non QM No
204991147           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation disclosure not provided.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  12:43:18 PM 2 B 6/XX/2018 CA Primary Purchase   C B C B B B A A Non QM Non QM No
204991147           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 7.45720% or Final Disclosure APR of 7.47000% is in excess of allowable threshold of APOR 4.58% + 2.5%, or 7.08000%.  Compliant Higher Priced Loan. The disclosed APR exceeds the allowable APR by [Redacted]. No compliance report provided.   Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML complaint loans.
     7/XX/2018  9:20:12 AM 1 A 6/XX/2018 CA Primary Purchase   C B C B B B A A Non QM Non QM No
204991147           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on  [Redacted] disclosed a Closing Date that did not match the actual date of consummation. (Final [Redacted]) The Final Disclosure reflects a closing date of  [Redacted] and disbursement date of  [Redacted] All closing documents are signed and dated  [Redacted]   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  12:43:35 PM 2 B 6/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
204991147           Compliance Compliance Federal Compliance 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. (Final [Redacted]) All Seller paid fees were captured from the Seller's CD.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  12:43:43 PM 2 B 6/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
204991149           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Lender approved exception provided for  [Redacted]FICO. Borrower has self-employment stability for 9 years in XXX.

No credit late payments in the past 32 months (last late 1/2015).

30.39% DTI on this Bank Statement documentation loan <50.00% guideline max (for 90% LTV) - 19.61% below program guideline maximum		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     7/XX/2018  2:52:08 PM 2 B 6/XX/2018 FL Primary Purchase   C B C B A A A A Non QM Non QM No
204991149           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.62550% or Final Disclosure APR of 7.63600% is in excess of allowable threshold of APOR 4.58% + 2.5%, or 7.08000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     7/XX/2018  2:46:36 PM 1 A 6/XX/2018 FL Primary Purchase   C B C B A A A A Non QM Non QM No
204991151           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Lender approved No public records

Borrower has self employment stability for 12 years.

42.61069% DTI on this full documentation loan < 7.38931% guideline max - 50% below program guideline maximum		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     7/XX/2018  4:25:59 PM 2 B 6/XX/2018 IL Primary Purchase   C B C B B B A A Non QM Non QM No
204991151           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.75090% or Final Disclosure APR of 7.77800% is in excess of allowable threshold of APOR 4.65% + 1.5%, or 6.15000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     7/XX/2018  4:12:06 PM 1 A 6/XX/2018 IL Primary Purchase   C B C B B B A A Non QM Non QM No
204991151           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Fee Acronyms or Abbreviations TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on  [Redacted] used abbreviated fees or fees listed as an acronym that are not reasonably understood by the consumer. (Final/ [Redacted]) "Title - APDL Fee for Predatory" is not recognizable.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive
     7/XX/2018  12:23:47 PM 2 B 6/XX/2018 IL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
204991151           Compliance Compliance Federal Compliance 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. (Final [Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $ [Redacted], while closing CD seller's fees total $0.00   Reviewer Comment (2018-10-29): [Redacted] has elected to waive
     7/XX/2018  12:23:54 PM 2 B 6/XX/2018 IL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
204991151           Compliance Compliance Federal Compliance 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 $xxx.xx plus 10% or $xxx.xx.  Sufficient or excess cure was provided to the borrower at Closing. (0) [Redacted] cure provided to borrower for overage(s).       7/XX/2018  11:49:46 AM   1 A 6/XX/2018 IL Primary Purchase Final CD evidences Cure C B C B B B A A Non QM Non QM Yes
204991151           Compliance Compliance Federal Compliance 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. [Redacted] cure provided to borrower for overage(s).       7/XX/2018  11:49:46 AM   1 A 6/XX/2018 IL Primary Purchase Final CD evidences Cure C B C B B B A A Non QM Non QM Yes
204991151           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Missing from file.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive
     7/XX/2018  12:24:00 PM 2 B 6/XX/2018 IL Primary Purchase No Defined Cure C B C B B B A A Non QM Non QM No
204991151           Credit Credit Miscellaneous Credit Exception:   Permit letter of explanation for deposit source - lender approved No public records

Borrower has self employment stability for 12 years.

42.61069% DTI on this full documentation loan < 7.38931% guideline max - 50% below program guideline maximum		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     7/XX/2018  4:26:10 PM 2 B 6/XX/2018 IL Primary Purchase   C B C B B B A A Non QM Non QM No
204991153           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.90350% or Final Disclosure APR of 6.91100% is in excess of allowable threshold of APOR 4.67% + 1.5%, or 6.17000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans
     7/XX/2018  11:14:41 AM 1 A 6/XX/2018 FL Primary Purchase   B B A A B B A A Non QM Non QM No
204991153           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  12:42:16 PM 2 B 6/XX/2018 FL Primary Purchase   B B A A B B A A Non QM Non QM No
204991153           Compliance Compliance Federal Compliance 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. (Final [Redacted]) The borrower's CD did not disclose the seller paid fees; all  fees were added for testing.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  12:42:25 PM 1 A 6/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
204991153           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final [Redacted]) The CD disclosed that the loan is not assumable; however, the note disclosed that the loan is assumable.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  12:42:30 PM 2 B 6/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
204991158           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Primary [Redacted]) Missing evidence of the borrower's receipt of the appraisal.   Reviewer Comment (2018-10-29): Seller provided the appraisal receipt dated [Redacted] via email.
 7/XX/2018  10:16:20 AM     1 A 6/XX/2018 FL Primary Purchase   C B C B C A A A Non QM Non QM No
204991158           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.18860% or Final Disclosure APR of 7.22400% is in excess of allowable threshold of APOR 4.62% + 1.5%, or 6.12000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): Seller provided the appraisal receipt dated [Redacted] via email.
 7/XX/2018  10:16:20 AM     1 A 6/XX/2018 FL Primary Purchase   C B C B C A A A Non QM Non QM No
204991158           Compliance Compliance Federal Compliance (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 three (3) business days prior to consummation. (Type:Primary [Redacted]) Missing evidence of the borrower's receipt of the appraisal.   Reviewer Comment (2018-10-29): Seller provided the appraisal receipt dated [Redacted] via email.
 7/XX/2018  10:16:20 AM     1 A 6/XX/2018 FL Primary Purchase   C B C B C A A A Non QM Non QM No
204991158           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial [Redacted]) The Initial Closing disclosure was issued on  [Redacted] which is less than 6 days  [Redacted] prior to closing date of  [Redacted]  The Initial Disclosure was received on  [Redacted] which is less than 3 days  [Redacted] prior to the closing date of  [Redacted] .   Reviewer Comment (2018-10-29): Seller provided the [Redacted] CD tracking disclosure with receipt on [Redacted].
 7/XX/2018  10:19:46 AM     1 A 6/XX/2018 FL Primary Purchase No Defined Cure C B C B C A A A Non QM Non QM No
204991158           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Processing Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Fee was not disclosed on Loan Estimate. Cure for ([Redacted]) was provided.       7/XX/2018  1:03:12 PM   1 A 6/XX/2018 FL Primary Purchase Final CD evidences Cure C B C B C A A A Non QM Non QM Yes
204991158           Credit Credit Miscellaneous Miscellaneous Credit (Non-Material):   Unable to locate documentation supporting the borrower's monthly $[Redacted] Flood Premium, which is broken out in the Closing Disclosure - subject is a
Condo and appears to have blanket flood coverage.  As this approach is more conservative, the fee was not removed.		   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  10:13:00 AM 2 B 6/XX/2018 FL Primary Purchase   C B C B C A A A Non QM Non QM No
204991158           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date.   Confirmed that the borrower's HO6 policy has an effective date of  [Redacted] the Condo Association insurance was in force at that time.   Reviewer Comment (2018-10-29): Seller provided the revised HOI with effective dates of  [Redacted].
 7/XX/2018  12:14:59 PM     1 A 6/XX/2018 FL Primary Purchase   C B C B C A A A Non QM Non QM No
204991158           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.18860% or Final Disclosure APR of 7.22400% is in excess of allowable threshold of APOR 4.62% + 1.5%, or 6.12000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     7/XX/2018  10:16:43 AM 1 A 6/XX/2018 FL Primary Purchase   C B C B C A A A Non QM Non QM No
204991168           Compliance Compliance Federal Compliance 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. (Final [Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $ [Redacted], while closing CD seller's fees total $ [Redacted].   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  1:29:29 PM 2 B 6/XX/2018 NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
204991168           Credit Credit Miscellaneous Credit Exception:   Please verify that Foreclosures from  [Redacted] reflecting on Drive Report are not the Borrower's. Subject to re-qualification.   Reviewer Comment (2018-10-29): Seller provided an LOX that the borrower filed for BK in [Redacted] and got discharged all properties were in BK except  [Redacted] which belongs to his father who carries same name.


Reviewer Comment (2018-10-29): Seller states none are located on CBR however all on Drive are in borrowers name please provide LOE and or evidence not our borrowers from borrower if not borrowers due to same name shared with father. Exception remains.
 7/XX/2018  3:31:15 PM     1 A 6/XX/2018 NJ Primary Purchase   C B C A B B A A Non QM Non QM No
204991174           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  1:35:54 PM 2 B 7/XX/2018 AZ Primary Purchase   C B C A C B A A Non QM Non QM No
204991174           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on 0 [Redacted] disclosed a Closing Date that did not match the actual date of consummation. (Final [Redacted]) The CD signed at closing disclosed a closing date of  [Redacted] documents were signed on  [Redacted]  Please provide a Post Consummation CD correcting the date information.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  1:36:02 PM 2 B 7/XX/2018 AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204991174           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial [Redacted] The initial CD was provided to the borrower on  [Redacted] with no evidence of early receipt; the borrower signed on  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the initial CD tracking with receipt dated  [Redacted]
 7/XX/2018  1:42:27 PM     1 A 7/XX/2018 AZ Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
204991174           Compliance Compliance Federal Compliance 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. (Final [Redacted]) The borrower's CD did not disclose the seller paid fees.  Seller paid fees from the Seller CD have been added to the Final CD for testing.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  1:36:16 PM 2 B 7/XX/2018 AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204991174           Credit Legal / Regulatory / Compliance Title / Lien Defect Title Policy Coverage is less than Original Loan Amount.       Reviewer Comment (2018-10-29): Seller provided the revised title commitment with coverage of  [Redacted]
 7/XX/2018  1:38:07 PM     1 A 7/XX/2018 AZ Primary Purchase   C B C A C B A A Non QM Non QM No
204991174           Credit Property - Appraisal General Appraisal Requirements Valuation Error: Subject photos are missing or not legible.   Please provide a color copy of the Appraisal   Reviewer Comment (2018-10-29): Seller provided the color copy of the appraisal dated  [Redacted]
 7/XX/2018  1:40:46 PM     1 A 7/XX/2018 AZ Primary Purchase   C B C A C B A A Non QM Non QM No
204991179           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.33470% or Final Disclosure APR of 7.34100% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     7/XX/2018  9:26:22 AM 1 A 6/XX/2018 FL Primary Purchase   C B C B B B A A Non QM Non QM No
204991179           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final [Redacted]) The final CD disclosed that the loan is not assumable; the note disclosed that the loan is assumable.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  2:08:56 PM 2 B 6/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
204991179           Compliance Compliance Federal Compliance 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. (Final [Redacted]) The borrower's CD did not disclose the seller paid fees.  Seller paid fees have been added for testing.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  2:09:01 PM 2 B 6/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
204991179           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage of  [Redacted] does not cover loan amount of  [Redacted] but not less than 80% of the replacement cost $ [Redacted].   Reviewer Comment (2018-10-29): Seller provided the Replacement Cost Estimator for  [Redacted] dated [Redacted].


Reviewer Comment (2018-10-29): Guidelines xx.x Hazard Insurance item x) coverage must cover the loan amount but in no case that coverage can be less than xx% of the replacement cost. We do not see this as coverage being xx% of the replacement cost. Exception remains.


Reviewer Comment (2018-10-29): Coverage of [Redacted] does not coverage loan amount of  [Redacted] we are short  [Redacted] Exception remains.


Reviewer Comment (2018-10-29): Incorrectly cleared


Reviewer Comment (2018-10-29): Coverage of  [Redacted] does not coverage loan amount of  [Redacted] we are short  [Redacted].Exception remains.
 7/XX/2018  11:04:50 AM     1 A 6/XX/2018 FL Primary Purchase   C B C B B B A A Non QM Non QM No
204991179           Credit Loan Package Documentation Application / Processing Missing Document: Bankruptcy Documents not provided   Missing BK documents as bankruptcy does not meet guides.   Reviewer Comment (2018-10-29): Bankruptcy is chapter xx > xx months @x years from filling date x.xx years from discharge.
 7/XX/2018  2:14:50 PM     1 A 6/XX/2018 FL Primary Purchase   C B C B B B A A Non QM Non QM No
204991179           Credit Credit Credit Eligibility Guideline Issue: Bankruptcy timeline outside of credit guidelines   Lender exception for Chap. 13 BK discharge 17 months prior to close, minimum 48 months required per  [Redacted] program. Borrower has been self-employed as XXX for over 2 years and in the same line of work for 5 years.

No late payments since 2013 and low balance to limit ratio on tradelines.

32.05% DTI on this Bank Statement documentation loan < 50.00% guideline max - 17.95% below program guideline maximum.		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     7/XX/2018  9:31:47 AM 2 B 6/XX/2018 FL Primary Purchase   C B C B B B A A Non QM Non QM No
204991181           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. LTV is [Redacted] vs program maximum of [Redacted]; Lender approved exception provided in file. Guideline variance approved by lender at time of origination.
Borrower has been in the same line of work in XXX for the past 15 years.

Guideline variance approved by lender at time of origination.  No late payments on credit for the past 15 months

DTI is 30.38927%, 19.61073% < program maximum of 50%		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
     7/XX/2018  3:31:20 PM 2 B 6/XX/2018 PA Primary Purchase   C B C B C B A A Non QM Non QM No
204991181           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Calculated PITIA months reserves of 1.02 is less than Guideline PITIA months reserves of 3.00; lender's amount used for funds to close is [Redacted]; calculated is $[Redacted] Guideline variance approved by lender at time of origination.
Borrower has been in the same line of work in XXX for the past 15 years.

Guideline variance approved by lender at time of origination.  No late payments on credit for the past 15 months

DTI is 30.38927%, 19.61073% < program maximum of 50%		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.


Buyer Comment (2018-10-29): Exception uploaded  [Redacted]


Reviewer Comment (2018-10-29): Short funds verified  [Redacted] and emd of  [Redacted] total verified assets  [Redacted] Exception remains.
     8/XX/2018  9:05:04 AM 2 B 6/XX/2018 PA Primary Purchase   C B C B C B A A Non QM Non QM No
204991181           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final [Redacted]) Disclosure reflects loan "Will Not' allow assumption; note has assumption verbiage.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  3:23:54 PM 2 B 6/XX/2018 PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204991181           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on  [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final [Redacted]) Cure for various 0% tolerance violations $539.29 was not provided. Cure for $14.29 was provided.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  3:24:02 PM 2 B 6/XX/2018 PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204991181           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial [Redacted]) Initial CD dated  [Redacted] is not executed by borrower; calculated received date is  [Redacted] closing date is  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the initial CD dated  [Redacted]


Reviewer Comment (2018-10-29): Seller provided the CD tracking for the  [Redacted] CD however no CD dated  [Redacted] was provided in loan documents please provide this CD. Exception remains.
 7/XX/2018  12:44:47 PM     1 A 6/XX/2018 PA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204991181           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of $XXX exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (75174) Survey fee disclosed as $0 on the LE dated  [Redacted] but disclosed as $525 on the Final Closing Disclosure.   Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX, refund and shipping label


Reviewer Comment (2018-10-29): Reassigning exception


Seller Comment (2018-10-29): [Redacted] Requested
   7/XX/2018  3:16:02 PM   2 B 6/XX/2018 PA 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
204991181           Compliance Compliance Federal Compliance 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 XXX exceeds tolerance of $50.00.  Insufficient or no cure was provided to the borrower. (7520) Credit Report fee disclosed as $50 on the LE dated  [Redacted] but disclosed as $64.29 on the Final Closing Disclosure.   Reviewer Comment (2018-10-29): Cleared on final CD with lender credit in the amount of xx.xx


Reviewer Comment (2018-10-29): Reassigning exception


Seller Comment (2018-10-29): [Redacted] Requested
 7/XX/2018  10:41:47 AM     1 A 6/XX/2018 PA 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
204991181           Credit Credit Miscellaneous Credit Exception:   Lender approved exception; Borrower is self employed for 15 months  [Redacted] vs program requirement that borrower must have been continually self employed for 24 months. (Business license in file shows creation date of  [Redacted]). Guideline variance approved by lender at time of origination.
Borrower has been in the same line of work in XXX for the past 15 years.

Guideline variance approved by lender at time of origination.  No late payments on credit for the past 15 months

DTI is 30.38927%, 19.61073% < program maximum of 50%		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
     7/XX/2018  3:31:35 PM 2 B 6/XX/2018 PA Primary Purchase   C B C B C B A A Non QM Non QM No
204991181           Compliance Compliance Federal Compliance 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. (Final [Redacted]) Seller paid fees on the buyers Closing Disclosure is $ [Redacted]; seller paid fees on the sellers Closing Disclosure is $ [Redacted].  Seller paid fees not listed on the borrowers Final CD,  [Redacted]   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  3:24:14 PM 2 B 6/XX/2018 PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204991186           Credit Loan Package Documentation Application / Processing Missing Document: Mortgage Loan Payoff Statement not provided       Reviewer Comment (2018-10-29): Seller provided the mortgage payoff statement with disbursement date of [Redacted].
 7/XX/2018  1:48:03 PM     1 A 7/XX/2018 OR Investment Refinance - Rate/Term   C B C B A A A A N/A N/A No
204991186           Credit Guideline Guideline Issue Ineligible property type. ___ Lender exception provided for borrower purchasing subject less than 90 days prior to Note date.  Purchased  [Redacted] program requires at least 90 days. Borrower has employment stability for 6 years of Self Employment in the Real Estate industtry.

The borrower's last credit late payment was 64 months ago (2/13) and the borrower has no debt aside from the subject mortgage payment.

The Borrower's credit score is 719 which is 39 points above the program requirement of 680.

The DTI is 8.214% which is 41.786% less than the program maximum of 50%.		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     7/XX/2018  2:06:32 PM 2 B 7/XX/2018 OR Investment Refinance - Rate/Term   C B C B A A A A N/A N/A No
204991186           Credit Loan Package Documentation Application / Processing Missing Document: Fraud Report not provided       Reviewer Comment (2018-10-29): Seller provided the fraud report dated  [Redacted]
 7/XX/2018  1:50:48 PM     1 A 7/XX/2018 OR Investment Refinance - Rate/Term   C B C B A A A A N/A N/A No
204991186           Credit Credit Credit Documentation No evidence of fraud report in file Credit Report: Original // Borrower: [Redacted]     Reviewer Comment (2018-10-29): Seller provided the fraud report dated  [Redacted]
 7/XX/2018  1:50:42 PM     1 A 7/XX/2018 OR Investment Refinance - Rate/Term   C B C B A A A A N/A N/A No
204991186           Credit Credit Miscellaneous Credit Exception:   The Lender used the Appraised Value on a refinance of a property purchased less than [Redacted] months ago.  A Lender Approved Exception was provided in the file.   Reviewer Comment (2018-10-29): Per guides loan is rate and term page xx  transaction LTV based on loan amount divided by the appraised value as defined in section xx.xx page xx as the appraised value less any downward adjustments.


Reviewer Comment (2018-10-29): No lender exception in file for use of appraised value versus purchased price. Exception remains.
 7/XX/2018  5:53:00 PM     1 A 7/XX/2018 OR Investment Refinance - Rate/Term   C B C B A A A A N/A N/A No
204991189           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Max DTI is 38% for LTV of 90% per  [Redacted] guidelines.  Although a liability related to a  [Redacted] of $ [Redacted] is listed in the Final 1003, that amount was not included in the total of "All Other Monthly Payments" in the 1008; this increases the payments to $ [Redacted] from $ [Redacted].  In addition, the Lender deducted $100.03 in deposits from the  [Redacted] statement, however, the actual amount is $ [Redacted].  This results in income of $ [Redacted] vs. the Lender's $ [Redacted].  The impact of these errors is to increase the DTI to 39.02719%. Borrower has been self employed 9 years XXX.

8.6 months reserves > 3 months guideline minimum

Credit score is 725, 25 points >program requirement of 700		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
     7/XX/2018  12:05:40 PM 2 B 6/XX/2018 NY Primary Purchase   C B C B C A A A Non QM Non QM No
204991189           Compliance Compliance Federal Compliance 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 Risk. The actual DTI of [Redacted]% exceeds the Guideline maximum of [Redacted] without a Lender Exception Approval, resulting in the ATR Risk rating.   Reviewer Comment (2018-10-29): Lender DTI exception waived.
 7/XX/2018  12:07:51 PM     1 A 6/XX/2018 NY Primary Purchase Lender to provide updated ATR/QM status C B C B C A A A Non QM Non QM Yes
204991189           Compliance Compliance Federal Compliance 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. The loan fails ATR testing  with a DTI of [Redacted], which exceeds the guideline of [Redacted].   Reviewer Comment (2018-10-29): Lender DTI exception waived.
 7/XX/2018  12:07:51 PM     1 A 6/XX/2018 NY Primary Purchase   C B C B C A A A Non QM Non QM No
204991191           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Borrower credit score is below the program minimum required of  [Redacted], however, a Lender Exception was documented. Subject is lake from property, consisting of 1.57 acres in a suburban setting. Property represents its highest and best use as a single family residence its current use

Borrower has not had a credit late payment for the past 30 months (since 12/2015)

Reserves are 33.52 months , 30.52 months > program requirement of 3 months		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on Compensating factors.
     7/XX/2018  8:46:25 AM 2 B 6/XX/2018 FL Primary Purchase   C B C B C A A A Non QM Non QM No
204991191           Credit Credit Miscellaneous Credit Exception:   Lender analysis began with  [Redacted]. Application date  [Redacted] Per guidelines, begin analysis the month preceding application.  Reviewed  [Redacted].   Reviewer Comment (2018-10-29): Seller provided the bank statement analysis for  [Redacted]/[Redacted].
 7/XX/2018  4:06:18 PM     1 A 6/XX/2018 FL Primary Purchase   C B C B C A A A Non QM Non QM No
204991191           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.25120% or Final Disclosure APR of 8.27300% is in excess of allowable threshold of APOR 4.58% + 1.5%, or 6.08000%.  Non-Compliant Higher Priced Mortgage Loan. Subject loan is non compliant due to a missing second valuation required for flipped properties.   Reviewer Comment (2018-10-29): Seller provided the original sale deed dated  [Redacted] for  [Redacted] and deed added another party on[Redacted].
 7/XX/2018  4:09:49 PM     1 A 6/XX/2018 FL Primary Purchase   C B C B C A A A Non QM Non QM No
204991191           Compliance Compliance Federal Compliance (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Flipped Property - Did Not Obtain 2 Appraisals) TILA HPML Appraisal Rule  (Dodd-Frank 2014): Flipped Property - Creditor did not obtain two (2) written appraisals. The Subject transaction is a HPML and the subject property was sold for $ [Redacted] in A [Redacted]; a Second appraisal is necessary. (Not indicated by  [Redacted] guidelines).   Reviewer Comment (2018-10-29): Seller provided the original sale deed dated [Redacted]for  [Redacted] and deed added another party on [Redacted].
 7/XX/2018  4:09:49 PM     1 A 6/XX/2018 FL Primary Purchase   C B C B C A A A Non QM Non QM No
204991191           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.25120% or Final Disclosure APR of 8.27300% is in excess of allowable threshold of APOR 4.58% + 1.5%, or 6.08000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     7/XX/2018  4:10:37 PM 1 A 6/XX/2018 FL Primary Purchase   C B C B C A A A Non QM Non QM No
204991194           Credit Loan Package Documentation Application / Processing Missing Document: Missing Final 1003       Reviewer Comment (2018-10-29): Seller provided the final 1003 signed and dated  [Redacted]
 7/XX/2018  12:46:52 PM     1 A 7/XX/2018 SC Primary Purchase   D B D B D B C A Non QM Non QM No
204991194           Compliance Loan Package Documentation Closing / Title Missing Document: Note - Subject Lien not provided       Reviewer Comment (2018-10-29): Seller provided the final signed note signed and dated  [Redacted]
 7/XX/2018  12:45:06 PM     1 A 7/XX/2018 SC Primary Purchase   D B D B D B C A Non QM Non QM No
204991194           Credit Loan Package Documentation Closing / Title Missing Document: Security Instrument not provided       Reviewer Comment (2018-10-29): Seller provided the signed security instrument signed and dated  [Redacted]
 7/XX/2018  12:45:34 PM     1 A 7/XX/2018 SC Primary Purchase   D B D B D B C A Non QM Non QM No
204991194           Compliance Loan Package Documentation Closing / Title Missing Final HUD-1   Missing - Final Closing Disclosure (CD).   Reviewer Comment (2018-10-29): Seller provided the final CD dated  [Redacted]
 7/XX/2018  2:25:46 PM     1 A 7/XX/2018 SC Primary Purchase   D B D B D B C A Non QM Non QM No
204991194           Property Property - Appraisal Appraisal Data Integrity Appraiser's license or certification was not active at the time of the appraisal. Valuation Type: Appraisal / Valuation Report Date:  [Redacted] www.asc.gov not providing license history, copy attached to report shows expiration  [Redacted] active at time of report.   Reviewer Comment (2018-10-29): Seller provided the consecutive appraisal licenses for CE  [Redacted] with expiration dated [Redacted] and  [Redacted] these are issued for 1 year and license with expiration  [Redacted] was effective at time of appraisal dated  [Redacted]


Buyer Comment (2018-10-29): Uploaded consecutive licenses for the appraiser


Reviewer Comment (2018-10-29): Appraisal license effective  [Redacted] - Appraisal dated  [Redacted] - not active at time of appraisal report. Exception remains.
 8/XX/2018  4:19:21 PM     1 A 7/XX/2018 SC Primary Purchase   D B D B D B C A Non QM Non QM No
204991194           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     8/XX/2018  5:31:20 PM 2 B 7/XX/2018 SC Primary Purchase   D B D B D B C A Non QM Non QM No
204991194           Compliance Compliance Federal Compliance RESPA -  Initial Escrow Account Statement Missing RESPA: Initial escrow account statement was not provided to the borrower.     Reviewer Comment (2018-10-29): Seller provided the IEAD dated  [Redacted]
 7/XX/2018  12:17:36 PM     1 A 7/XX/2018 SC Primary Purchase   D B D B D B C A Non QM Non QM Yes
204991194           Compliance Compliance Federal Compliance Notice of Right to Cancel Missing Truth in Lending Act: Notice of Right to Cancel was not provided.     Reviewer Comment (2018-10-29): Seller provided the final CD as a purchase.
 7/XX/2018  2:26:31 PM     1 A 7/XX/2018 SC Primary Purchase TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form D B D B D B C A Non QM Non QM Yes
204991194           Compliance Compliance Federal Compliance TRID Alternate Table Usage TILA-RESPA Integrated Disclosure - Costs at Closing/ Calculating Cash to Close: Alternate tables not used consistently throughout the transaction. Lender wrote lease to purchase transaction up as refi midway through application process, switched from purchase format to refi format.   Buyer Comment (2018-10-29): Waive


Reviewer Comment (2018-10-29): Exception remains as a EVx as LE's and CD were not consistent throughout loan process.


Buyer Comment (2018-10-29): Uploaded initial approval. Loan was approved as a purchase from the beginning


Reviewer Comment (2018-10-29): LE/CD's were done as a refinance [Redacted] and the LE/CD's were completed as a purchase  [Redacted] this was not consistent through the transaction. Exception remains.
     8/XX/2018  10:19:15 AM 2 B 7/XX/2018 SC Primary Purchase Good Faith Redisclosure D B D B D B C A Non QM Non QM Yes
204991194           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final [Redacted]) Evidence of earlier receipt missing from file, only received one non-final CD and it is unsigned.   Reviewer Comment (2018-10-29): Seller provided the note and Security instrument dated  [Redacted]
 7/XX/2018  12:17:36 PM     1 A 7/XX/2018 SC Primary Purchase No Defined Cure D B D B D B C A Non QM Non QM No
204991194           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Loan purpose discrepancy. Loan purpose of ___ does not match Guideline loan purpose of ___. Lease to purchase written up as rate/term refi by lender.  Per  [Redacted]guidelines used, borrower was not XXX subject during 3 months prior to note date (confirmed by Chain of Title).  Loan should have been underwritten according to the Purchase guidelines  [Redacted].   Reviewer Comment (2018-10-29): Loan purpose is purchase per lender guides


Buyer Comment (2018-10-29): Uploaded initial approval. Loan was approved as a purchase from the beginning


Reviewer Comment (2018-10-29): Please see loan application as loan purpose is refinance - loan closed as a purchase. Exception remains
 8/XX/2018  12:38:56 PM     1 A 7/XX/2018 SC Primary Purchase   D B D B D B C A Non QM Non QM No
204991194           Compliance Compliance Federal Compliance Right of Rescission Timing - Note Date used as Transaction Date Unable to conclusively determine date of consummation. Note date used as transaction date for purposes of determining compliance with rescission timing requirements Missing Security instrument.   Reviewer Comment (2018-10-29): Seller provided the note and Security instrument dated  [Redacted]
 7/XX/2018  12:17:36 PM     1 A 7/XX/2018 SC Primary Purchase   D B D B D B C A Non QM Non QM No
204991194           Credit Guideline Guideline Issue Aged document: Primary Valuation is older than guidelines permit Valuation Type: Appraisal / Valuation Report Date:  [Redacted] ___ Appraisal effective date over 90 days prior to closing, no recert of value in file.   Reviewer Comment (2018-10-29): Appraisal with completion date [Redacted] is 120 days on date of consummation  [Redacted]


Buyer Comment (2018-10-29): [Redacted] - Appraisal date  [Redacted] + 120 days =  [Redacted] which was the consumation date. The appraisal is exactly 120 days from closing.


Reviewer Comment (2018-10-29): Appraisal effective date is [Redacted] > 120 days at closing. exception remains.
 8/XX/2018  2:58:46 PM     1 A 7/XX/2018 SC Primary Purchase   D B D B D B C A Non QM Non QM No
204991194           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Short of x months reserves per [Redacted] guidelines, no lender exception located in file.  Verified assets matches figure on [Redacted]. Borrower has been self employment for the past 2 years and in the Industry for 10 years.

DTI is 14.335%, 23.665% < Program requirement of 38%		 Reviewer Comment (2018-10-29): [Redacted] elected to waive the requirement based on Compensating factors.


Buyer Comment (2018-10-29): uploaded exception


Reviewer Comment (2018-10-29): Calc cash to close  [Redacted] to close  [Redacted] paid before closing) less verified assets  [Redacted]. Exception remains


Buyer Comment (2018-10-29): Assets $ [Redacted] / monthly payment $ [Redacted]= 4.87 months of reserves


Buyer Comment (2018-10-29): Assets $1 [Redacted] / monthly payment  [Redacted] = 4.87 months of reserves


Buyer Comment (2018-10-29): [Redacted]- Uploaded Executed CD. Reserves are 4.87 months. Uploaded 1008


Buyer Comment (2018-10-29): [Redacted] - Uploaded Executed CD. Reserves are 4.87 months. Uploaded 1008


Reviewer Comment (2018-10-29): Cash to close  [Redacted] - available for closing  [Redacted] - available for reserves  [Redacted] = 1.31 months. Exception remains.
     8/XX/2018  2:29:19 PM 2 B 7/XX/2018 SC Primary Purchase   D B D B D B C A Non QM Non QM No
204991194           Credit Credit AUS Discrepancy / Guidelines Discrepancy AUS Findings: All conditions were not met   Short of x months reserves per [Redacted] guidelines, no lender exception located in file.  Verified assets matches figure on [Redacted]. Borrower has been self employment for the past 2 years and in the Industry for 10 years.

DTI is 14.335%, 23.665% < Program requirement of 38%		 Reviewer Comment (2018-10-29): [Redacted] elected to waive the requirement based on Compensating factors.


Buyer Comment (2018-10-29): uploaded exception


Reviewer Comment (2018-10-29): Calc cash to close  [Redacted]) less verified assets  [Redacted] reserves  [Redacted] Exception remains


Buyer Comment (2018-10-29): Assets  [Redacted] - cash to close $ [Redacted] / monthly payment  [Redacted] = 4.87 months of reserves


Reviewer Comment (2018-10-29): Cash to close  [Redacted] - available for closing  [Redacted] - available for reserves  [Redacted] = 1.31 months. Exception remains.
     8/XX/2018  2:29:39 PM 2 B 7/XX/2018 SC Primary Purchase   D B D B D B C A Non QM Non QM No
204991194           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Collections / Balance:  [Redacted] Per  [Redacted] Guidelines, "All non-medical collection accounts and charge offs that are not in dispute must be paid in full prior to or at the time of a loan's funding.  No dispute is noted in the Collection record; no proof of payment was noted in the file.   Reviewer Comment (2018-10-29): The seller provided evidence collection has been paid


Buyer Comment (2018-10-29): uploaded verizon payoff
 8/XX/2018  2:34:20 PM     1 A 7/XX/2018 SC Primary Purchase   D B D B D B C A Non QM Non QM No
204991194           Compliance Compliance Federal Compliance 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. (Type:Primary [Redacted]) Confirmed delivery of appraisal on that date; no earlier version of the appraisal were provided in the file.   Reviewer Comment (2018-10-29): Origination appraisal report date  [Redacted] appraisal received after date of report on  [Redacted]


Buyer Comment (2018-10-29): Uploaded Original Appraisal


Reviewer Comment (2018-10-29): Appraisal received  [Redacted]< appraisal report date  [Redacted]. Exception remains.
 8/XX/2018  2:54:36 PM     1 A 7/XX/2018 SC Primary Purchase   D B D B D B C A Non QM Non QM No
204991194           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.48230% or Final Disclosure APR of 6.69500% is in excess of allowable threshold of APOR 4.66% + 2.5%, or 7.16000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     7/XX/2018  12:46:06 PM 1 A 7/XX/2018 SC Primary Purchase   D B D B D B C A Non QM Non QM No
204991194           Compliance Compliance Federal Compliance TIL Higher Priced Mortgage Loan Safe Harbor Unable to determine if Safe Harbor requirements are met due to missing information.     Reviewer Comment (2018-10-29): Loan was indicated as Fixed rate on the initial 1003.
 7/XX/2018  2:42:23 PM     1 A 7/XX/2018 SC Primary Purchase   D B D B D B C A Non QM Non QM No
204991194           Compliance Compliance Federal Compliance ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. Missing the ARM disclosure   Reviewer Comment (2018-10-29): Loan was disclosed at time of application as fixed rate then as a ARM on final CD dated  [Redacted] disclosure dated  [Redacted]
 8/XX/2018  5:53:50 PM     1 A 7/XX/2018 SC Primary Purchase No Defined Cure D B D B D B C A Non QM Non QM No
204991194           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. Missing the CHARM disclosure   Reviewer Comment (2018-10-29): Loan was disclosed at time of application as fixed rate then as a ARM on final CD dated  [Redacted] disclosure dated  [Redacted]
 8/XX/2018  5:53:55 PM     1 A 7/XX/2018 SC Primary Purchase No Defined Cure D B D B D B C A Non QM Non QM No
204991194           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Maximum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on  [Redacted] disclosed an Estimated Total Monthly Payment (Maximum) for payment stream 4 that does not match the actual total payment for the loan. (ProjSeq:4/498926) CD projected total max payment amount  [Redacted] > CD calculated max payment amount  [Redacted]   Reviewer Comment (2018-10-29): Exception has been cleared after maximum payment entry corrected in payment stream 4.


Reviewer Comment (2018-10-29): Based on maximum payment in year 8-30 if  [Redacted] > calculated amount of  [Redacted] Exception remains
 8/XX/2018  6:16:52 PM     1 A 7/XX/2018 SC Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable D B D B D B C A Non QM Non QM Yes
204991194           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Projected Principal And Interest Payment Max Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on  [Redacted] disclosed a maximum periodic principal and interest payment for payment stream 4 that does not match the actual maximum payment for the loan. (ProjSeq:4/498926) CD projected P&I max payment amount  [Redacted] < calculated amount  [Redacted]   Reviewer Comment (2018-10-29): Exception has been cleared after maximum payment entry corrected in payment stream 4.
 8/XX/2018  6:16:52 PM     1 A 7/XX/2018 SC Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable D B D B D B C A Non QM Non QM Yes
204991194           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Property Value TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on  [Redacted] disclosed an Appraised Property Value that did not match the actual Property Value for the loan. (Final [Redacted]) CD property value  [Redacted] < appraisal primary value  [Redacted]   Reviewer Comment (2018-10-29): Loan is purchase loan per guides loan purchase was corrected to purchase.


Reviewer Comment (2018-10-29): Loan is listed as refinance on application however CD value used  [Redacted] < primary appraised value  [Redacted] Exception remains.
 8/XX/2018  12:30:45 PM     1 A 7/XX/2018 SC Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B D B C A Non QM Non QM Yes
204991194           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Purpose Test TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on  [Redacted] disclosed a Purpose that does not match the actual purpose for the loan. (Final [Redacted]) 1003 states refinance and final CD reflects as a purcahse   Reviewer Comment (2018-10-29): Loan is purchase loan per guides loan purchase was corrected to purchase.


Buyer Comment (2018-10-29): Uploaded initial approval. Loan was approved as a purchase from the beginning


Reviewer Comment (2018-10-29): Application discloses as a refinance. Exception remains
 8/XX/2018  12:30:45 PM     1 A 7/XX/2018 SC Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B D B C A Non QM Non QM Yes
204991194           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Value Identifier TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on  [Redacted] did not contain the appropriate label for Sale Price or Appraised Property Value. (Final [Redacted]) CD property value  [Redacted] < appraisal primary appraised value  [Redacted]   Reviewer Comment (2018-10-29): Loan is purchase loan per guides loan purchase was corrected to purchase.


Buyer Comment (2018-10-29): Uploaded initial approval. Loan was approved as a purchase from the beginning


Reviewer Comment (2018-10-29): Loan program is coded as a refinance and final CD lists value as sales price not appraised value. Exception remains.


Buyer Comment (2018-10-29): [Redacted]Uploaded Executed CD. Appraisal value is not on the CD. The Sales Price is listed as  [Redacted] which is accurate. Please advise if you see the appraisal value somewhere that I am not seeing


Buyer Comment (2018-10-29): [Redacted]- Uploaded Executed CD. Appraisal value is not on the CD. The Sales Price is listed as  [Redacted] which is accurate. Please advise if you see the appraisal value somewhere that I am not seeing
 8/XX/2018  12:30:45 PM     1 A 7/XX/2018 SC Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B D B C A Non QM Non QM Yes
204991194           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Summaries Of Transactions - Seller Credit TILA-RESPA Integrated Disclosure - Summaries of Transactions: Final Closing Disclosure provided on  [Redacted] disclosed a Seller Credit that does not match the Seller Credit from the Calculating Cash to Close table. (Final [Redacted]) CD final seller credit 0 < CD summaries seller credit 3,000   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     8/XX/2018  5:30:55 PM 2 B 7/XX/2018 SC Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B D B C A Non QM Non QM Yes
204991194           Compliance Compliance Federal Compliance TRID Interim Closing Disclosure Timing Irregular Transactions TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on  [Redacted] contains a change in APR, loan product or addition of prepayment penalty and was not received by borrower at least three (3) business days prior to consummation Loan changed from Fixed to Adjustable and received on  [Redacted] same day as closing.   Reviewer Comment (2018-10-29): Seller provided the interim CD dated  [Redacted] e-signed on  [Redacted]


Buyer Comment (2018-10-29): [Redacted]- Uploaded  [Redacted] CD Esigned  [Redacted]


Reviewer Comment (2018-10-29): [Redacted] CD no signed assumed date  [Redacted] not received 3 days prior to consummation  [Redacted] Exception remains.


Buyer Comment (2018-10-29): The APR changed on the  [Redacted] and was sent to the borrower 4 business days prior to closing  [Redacted]


Reviewer Comment (2018-10-29): CD dated  [Redacted] with change in APR was not provided to the borrower within 3 days of closing. Exception remains.


Buyer Comment (2018-10-29): [Redacted]- Uploaded  [Redacted] CD that reflects change. The change was completed on  [Redacted] not the  [Redacted] CD


Reviewer Comment (2018-10-29): COC dated  [Redacted] is not valid as not within 3 days of final CD dated  [Redacted] Exception remains
 8/XX/2018  11:20:43 AM     1 A 7/XX/2018 SC Primary Purchase No Defined Cure D B D B D B C A Non QM Non QM No
204991194           Compliance Compliance Federal Compliance 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. (7200) Gee increased on the final CD with no COC.   Reviewer Comment (2018-10-29): Seller provided the  [Redacted] CD and COC for loan program change.


Buyer Comment (2018-10-29): [Redacted]- Uploaded  [Redacted] CD that reflects change. The change was completed on  [Redacted] not the  [Redacted] CD


Reviewer Comment (2018-10-29): COC dated  [Redacted] is not valid as not within 3 days of final CD dated  [Redacted] Exception remains
 8/XX/2018  3:13:54 PM     1 A 7/XX/2018 SC Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D B D B C A Non QM Non QM Yes
204991194           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on  [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final [Redacted]) Due to 0% tolerance violations   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     8/XX/2018  5:30:44 PM 2 B 7/XX/2018 SC Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B D B C A Non QM Non QM Yes
204991194           Compliance Compliance Federal Compliance ARM Disclosure Prior to Closing Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower at least three (3) days prior to consummation for a loan that did not start as an ARM.     Reviewer Comment (2018-10-29): Loan was disclosed at time of application as fixed rate then as a ARM on final CD dated  [Redacted] disclosure dated  [Redacted]
 8/XX/2018  6:19:36 PM     1 A 7/XX/2018 SC Primary Purchase   D B D B D B C A Non QM Non QM No
204991194           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Prior to Closing Timing TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower at least three (3) days prior to consummation for a loan that did not start as an ARM.     Reviewer Comment (2018-10-29): Loan was disclosed at time of application as fixed rate then as a ARM on final CD dated  [Redacted] disclosure dated  [Redacted]
 8/XX/2018  6:19:20 PM     1 A 7/XX/2018 SC Primary Purchase   D B D B D B C A Non QM Non QM No
204991194           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Combined loan to value discrepancy. Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. FICO of  [Redacted] does not meets the minimum of 700 for 90% LTV Borrower has been self employment for the past 2 years and in the Industry for 10 years.

DTI is 14.335%, 23.665% < Program requirement of 38%		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
     8/XX/2018  10:38:04 AM 2 B 7/XX/2018 SC Primary Purchase   D B D B D B C A Non QM Non QM No
204991195           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final [Redacted]) The monthly cost of the escrows is as follows: $ [Redacted]. The cost of these expenses over a 1 year time period would be a total of $ [Redacted].   Reviewer Comment (2018-10-29): Seller provided he LOX and PCCD
   7/XX/2018  1:06:54 PM   2 B 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
204991195           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/485193) The Prepaid section of the Final Closing Disclosure confirms that the 12 months flood premium is $ [Redacted] which is a monthly reserve amount of $ [Redacted], however, the escrow section G discloses the monthly flood reserve of $ [Redacted]. The incorrect monthly reserve is reflected in the payment stream on page 1 of the final closing disclosure.   Reviewer Comment (2018-10-29): Seller provided a Email with the PCCD and LOX attachments dated  [Redacted] at 2:06 pm and email receipt at 3:59 pm from the borrower confirming they received.


Reviewer Comment (2018-10-29): Seller provided a internal form listing PCCD sent  [Redacted] however no tracking or proof borrower has received this LOX and PCCD was provided. Exception remains.


Reviewer Comment (2018-10-29): Seller provided the LOX and PCCD missing the proof of delivery. Exception remains.
   7/XX/2018  11:04:49 AM   2 B 7/XX/2018 FL Primary Purchase 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
204991195           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on  [Redacted] disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/485194) The Prepaid section of the Final Closing Disclosure confirms that the 12 months flood premium is $ [Redacted] which is a monthly reserve amount of $ [Redacted], however, the escrow section G discloses the monthly flood reserve of $ [Redacted]. The incorrect monthly reserve is reflected in the payment stream on page 1 of the final closing disclosure.   Reviewer Comment (2018-10-29): Seller provided a Email with the PCCD and LOX attachments dated  [Redacted] at 2:06 pm and email receipt at 3:59 pm from the borrower confirming they received.


Reviewer Comment (2018-10-29): Seller provided a internal form listing PCCD sent  [Redacted] however no tracking or proof borrower has received this LOX and PCCD was provided. Exception remains.


Reviewer Comment (2018-10-29): Seller provided the LOX and PCCD missing the proof of delivery. Exception remains.
   7/XX/2018  11:04:36 AM   2 B 7/XX/2018 FL Primary Purchase 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
204991195           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on  [Redacted] disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/485199) The Prepaid section of the Final Closing Disclosure confirms that the 12 months flood premium is $ [Redacted] which is a monthly reserve amount of $ [Redacted], however, the escrow section G discloses the monthly flood reserve of $ [Redacted]. The incorrect monthly reserve is reflected in the payment stream on page 1 of the final closing disclosure.   Reviewer Comment (2018-10-29): Seller provided a Email with the PCCD and LOX attachments dated x/xx/xxxx at x:xx pm and email receipt at x:xx pm from the borrower confirming they received.


Reviewer Comment (2018-10-29): Seller provided a internal form listing PCCD sent  [Redacted] however no tracking or proof borrower has received this LOX and PCCD was provided. Exception remains.


Reviewer Comment (2018-10-29): Seller provided the LOX and PCCD missing the proof of delivery. Exception remains.
   7/XX/2018  11:04:28 AM   2 B 7/XX/2018 FL Primary Purchase 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
204991195           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on  [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/485193) The Prepaid section of the Final Closing Disclosure confirms that the 12 months flood premium is $ [Redacted] which is a monthly reserve amount of $ [Redacted], however, the escrow section G discloses the monthly flood reserve of $ [Redacted]. The incorrect monthly reserve is reflected in the payment stream on page 1 of the final closing disclosure.   Reviewer Comment (2018-10-29): Seller provided a Email with the PCCD and LOX attachments dated  [Redacted] at 2:06 pm and email receipt at 3:59 pm from the borrower confirming they received.


Reviewer Comment (2018-10-29): Seller provided a internal form listing PCCD sent  [Redacted] however no tracking or proof borrower has received this LOX and PCCD was provided. Exception remains.


Reviewer Comment (2018-10-29): Seller provided the LOX and PCCD missing the proof of delivery. Exception remains.
   7/XX/2018  11:04:18 AM   2 B 7/XX/2018 FL Primary Purchase 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
204991195           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on  [Redacted] disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/485200) The Prepaid section of the Final Closing Disclosure confirms that the 12 months flood premium is $ [Redacted] which is a monthly reserve amount of $ [Redacted], however, the escrow section G discloses the monthly flood reserve of $ [Redacted]. The incorrect monthly reserve is reflected in the payment stream on page 1 of the final closing disclosure.   Reviewer Comment (2018-10-29): incorrectly cleared


Reviewer Comment (2018-10-29): Seller provided a Email with the PCCD and LOX attachments dated  [Redacted] at 2:06 pm and email receipt at 3:59 pm from the borrower confirming they received.


Reviewer Comment (2018-10-29): Seller provided a internal form listing PCCD sent  [Redacted] however no tracking or proof borrower has received this LOX and PCCD was provided. Exception remains.


Reviewer Comment (2018-10-29): Seller provided the LOX and PCCD missing the proof of delivery. Exception remains.
   7/XX/2018  11:04:05 AM   2 B 7/XX/2018 FL Primary Purchase 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
204991195           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. No documentation provided in file to confirm the Broker compensation was not based on a term of the transaction.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  12:51:28 PM 2 B 7/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
204991195           Compliance Compliance Federal Compliance 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 increased from the original amount disclosed in the loan estimate with no change of circumstance of cure documented in file.       7/XX/2018  6:02:36 PM   1 A 7/XX/2018 FL Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
204991195           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Primary [Redacted]) File is missing documentation that the borrower was provided a copy of the appraisal at least 3 business days prior to closing   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  12:51:34 PM 2 B 7/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
204991195           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.23980% or Final Disclosure APR of 7.29800% is in excess of allowable threshold of APOR 4.67% + 1.5%, or 6.17000%.  Non-Compliant Higher Priced Mortgage Loan. 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] + x.x%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan.   Reviewer Comment (2018-10-29): Seller provided the appraisal receipt dated  [Redacted]
 7/XX/2018  12:54:52 PM     1 A 7/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
204991195           Compliance Compliance Federal Compliance (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 three (3) business days prior to consummation. (Type:Primary [Redacted]) File is missing documentation that the borrower was provided a copy of the appraisal at least 3 business days prior to closing   Reviewer Comment (2018-10-29): Seller provided the appraisal receipt dated  [Redacted]
 7/XX/2018  12:54:52 PM     1 A 7/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
204991195           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.23980% or Final Disclosure APR of 7.29800% is in excess of allowable threshold of APOR 4.67% + 1.5%, or 6.17000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     7/XX/2018  12:55:22 PM 1 A 7/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
204991197           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Lender provided guideline exception for exceeding maximum loan amount. Excellent mortgage payment history, no late payments since inception

6 months reserves $57,514.82> 3 months guideline minimum

Borrower has job stability for 9 years as an XXX.

Credit Score = 737, 37 points > program requirement of 700.		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
     7/XX/2018  12:45:54 PM 2 B 6/XX/2018 FL Primary Purchase   C B C B B B A A Non QM Non QM No
204991197           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.14830% or Final Disclosure APR of 7.21300% is in excess of allowable threshold of APOR 4.66% + 2.5%, or 7.16000%.  Compliant Higher Priced Mortgage Loan. 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] + x.x%, or [Redacted]%. Compliant Higher Priced Mortgage Loan.   Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML complaint loans.
     7/XX/2018  12:42:00 PM 1 A 6/XX/2018 FL Primary Purchase   C B C B B B A A Non QM Non QM No
204991197           Compliance Compliance Federal Compliance 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. (Final [Redacted]) Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure. Seller's CD reflects $ [Redacted] in seller fees paid at closing and borrower's final CD shows $0.00.
Provide a Post-Close CD reflecting the corrections and a copy of the letter of explanation to the borrower disclosing the changes made.		   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  12:55:27 PM 2 B 6/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
204991197           Compliance Compliance Federal Compliance 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. Lender provided a total of [Redacted] cure and is reflected on Final Closing Consumer CD as a Lender Credit for increase in Closing Cost above legal limit.       7/XX/2018  9:29:19 AM   1 A 6/XX/2018 FL Primary Purchase Final CD evidences Cure C B C B B B A A Non QM Non QM Yes
204991197           Compliance Compliance Federal Compliance TRID non-compliant: Fees were not reflected in the correct section of the disclosure.   Borrowers did not use the vendor on SSPL for Title Services, however, fees were listed on section B instead of section C of Closing Disclosure.  Section B disclosed: Title - Endorsement Fee of $150.00 paid to Pronto Processing. Vendor was not listed on SSPL.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  12:56:05 PM 2 B 6/XX/2018 FL Primary Purchase Good Faith Redisclosure C B C B B B A A Non QM Non QM Yes
204991197           Credit Credit Miscellaneous Credit Exception:   The file did not include confirmation of Insurance costs for the NOO properties; unable to confirm qualifying income/loss independently. ( Statements were used.)   Reviewer Comment (2018-10-29): Seller provided statement for both NOO properties which include escrows for taxes and insurance.
 7/XX/2018  1:03:00 PM     1 A 6/XX/2018 FL Primary Purchase   C B C B B B A A Non QM Non QM No
204991197           Compliance Compliance Federal Compliance TIL Higher Priced Mortgage Loan Safe Harbor TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. The Appraisals in file were in the name of the Broker ( [Redacted]).   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  5:49:44 PM 2 B 6/XX/2018 FL Primary Purchase   C B C B B B A A Non QM Non QM No
204991198           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.77360% or Final Disclosure APR of 6.82300% is in excess of allowable threshold of APOR 4.65% + 1.5%, or 6.15000%.  Compliant Higher Priced Mortgage Loan. Disclosure reflects APR as [Redacted]; calculated is [Redacted]%; threshold is [Redacted].   Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     7/XX/2018  11:50:20 AM 1 A 7/XX/2018 FL Primary Purchase   B B B A B B A A Non QM Non QM No
204991198           Compliance Compliance Federal Compliance 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. Copy of executed disclosure not provided in file.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  10:52:28 AM 2 B 7/XX/2018 FL Primary Purchase   B B B A B B A A Non QM Non QM No
204991198           Compliance Compliance Federal Compliance 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. (Final [Redacted]) Seller paid fees on the buyers Closing Disclosure is $0; seller paid fees on the sellers Closing Disclosure is $ [Redacted].  Seller paid fees not listed on the borrowers Final CD [Redacted]   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  10:52:37 AM 2 B 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B B A B B A A Non QM Non QM Yes
204991198           Credit Loan Package Documentation Application / Processing 1003 Error: Citizenship Source Documentation  was not provided Borrower:  [Redacted] Copy of Co Borrower Perm Res Card not provided in file.   Reviewer Comment (2018-10-29): Seller provided the permanent resident card.
 7/XX/2018  10:56:15 AM     1 A 7/XX/2018 FL Primary Purchase   B B B A B B A A Non QM Non QM No
204991205           Credit Income / Employment Income Documentation Income Docs Missing: Borrower:  [Redacted] ___ Missing Page #2 of statement dated  [Redacted].   Reviewer Comment (2018-10-29): The Seller provided statement printout that covers deposits and debits from   [Redacted] through  [Redacted]


Reviewer Comment (2018-10-29): Seller provided the [Redacted]- [Redacted] statement however the document is missing page 2 please provide explanation. Exception remains.
 7/XX/2018  11:45:48 AM     1 A 6/XX/2018 PA Primary Purchase   C B C A C B A A Non QM Non QM No
204991205           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower. Evidence of Anti - Steering Disclosure being provided to borrower not in file.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  11:07:14 AM 2 B 6/XX/2018 PA Primary Purchase   C B C A C B A A Non QM Non QM No
204991205           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.50060% or Final Disclosure APR of 7.50700% is in excess of allowable threshold of APOR 4.62% + 1.5%, or 6.12000%.  Compliant Higher Priced Mortgage Loan. Disclosure reflects APR as [Redacted]; calculated is [Redacted]%; threshold is [Redacted].   Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     7/XX/2018  11:20:08 AM 1 A 6/XX/2018 PA Primary Purchase   C B C A C B A A Non QM Non QM No
204991205           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Evidence of disclosure being provided to borrower not in file.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  11:07:19 AM 2 B 6/XX/2018 PA Primary Purchase   C B C A C B A A Non QM Non QM No
204991205           Compliance Compliance Federal Compliance 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. (Final [Redacted]) Disclosure reflects Non Escrowed Propety Costs over Year 1 as $ [Redacted] ($ [Redacted]/month); disclosure reflects HOA dues a months as $ [Redacted] ($ [Redacted]/year per verification of dues in file); calculated per appraisal is $ [Redacted] a month ($ [Redacted]/year).   Reviewer Comment (2018-10-29): Seller provided the corrected PCCD and LOX
   7/XX/2018  11:29:55 AM   2 B 6/XX/2018 PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204991205           Compliance Compliance Federal Compliance 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. (Final [Redacted]) Seller paid fees on the buyers Closing Disclosure is $0; seller paid fees on the sellers Closing Disclosure is $ [Redacted].  Seller paid fees not listed on the borrowers Final CD [Redacted]   Buyer Comment (2018-10-29): please waive


Reviewer Comment (2018-10-29): Please provide a revised alta settlement statement reflecting that no seller paid fees are now paid to match the revised PCCD. Exception remains.


Buyer Comment (2018-10-29): Please see ESIGN, PCCD TRACKING previously provided  reflects borrower received revised on  [Redacted]


Reviewer Comment (2018-10-29): The seller provided a Post Close Seller Cd removing the Seller Paid Fees originally disclosed on the Final Seller CD at closing. Please provide the Settlement statement from the title company to verify the Fees paid by both parties at closing.


Reviewer Comment (2018-10-29): No document provided to correct. Exception remains
     8/XX/2018  1:45:09 PM 2 B 6/XX/2018 PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204991205           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final [Redacted]) Disclosure reflects $3,233.01; calculated is $ [Redacted]. This is due to lender using Tax Cert for a property located in  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the LOX and PCCD


Reviewer Comment (2018-10-29): Post Close Disclosure reflects $x,xxx.xx; calculated is $x,xxx.xx.


Reviewer Comment (2018-10-29): No document provided to correct. Exception remains
   8/XX/2018  5:41:03 PM   2 B 6/XX/2018 PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204991205           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/486814) Disclosure reflects escrow payment as $293.91; calculated is $371.97. This is due to lender using Tax Cert for a property located in  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX and shipping label


Buyer Comment (2018-10-29): Please see UPS LABEL


Reviewer Comment (2018-10-29): Seller provided the tracking disclosure dated  [Redacted] via email however the only documents referenced are the PCCD and no evidence the borrower received the LOX. Exception remains.


Buyer Comment (2018-10-29): Please see ESIGN, PCCD TRACKING previously provided  reflects borrower received revised on  [Redacted]


Reviewer Comment (2018-10-29): Seller provided the PCCD and LOX. Missing the proof of delivery.  Exception remains.


Reviewer Comment (2018-10-29): Post Close Disclosure reflects escrow payment as $xxxxx; calculated is $xxxxxx.


Reviewer Comment (2018-10-29): No document provided to correct. Exception remains
   8/XX/2018  1:52:47 PM   2 B 6/XX/2018 PA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
204991205           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on  [Redacted] disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/486815) Disclosure reflects escrow payment as $293.91; calculated is $371.97. This is due to lender using Tax Cert for a property located in  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX and shipping label


Buyer Comment (2018-10-29): Please see UPS LABEL


Reviewer Comment (2018-10-29): Seller provided the tracking disclosure dated  [Redacted] via email however the only documents referenced are the PCCD and no evidence the borrower received the LOX. Exception remains.


Buyer Comment (2018-10-29): Please see ESIGN, PCCD TRACKING previously provided  reflects borrower received revised on  [Redacted]


Reviewer Comment (2018-10-29): Seller provided the PCCD and LOX. Missing the proof of delivery.  Exception remains.


Reviewer Comment (2018-10-29): Post Close Disclosure reflects escrow payment as $xxxxx; calculated is $xxxxxx.


Reviewer Comment (2018-10-29): No document provided to correct. Exception remains
   8/XX/2018  1:52:37 PM   2 B 6/XX/2018 PA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
204991205           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on  [Redacted] disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/486816) Disclosure reflects escrow payment as $293.91; calculated is $371.97. This is due to lender using Tax Cert for a property located in  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX and shipping label.


Buyer Comment (2018-10-29): Response: Please see UPS LABEL


Reviewer Comment (2018-10-29): Seller provided the tracking disclosure dated  [Redacted] via email however the only documents referenced are the PCCD and no evidence the borrower received the LOX. Exception remains.


Buyer Comment (2018-10-29): Please see ESIGN, PCCD TRACKING previously provided  reflects borrower received revised on  [Redacted]


Reviewer Comment (2018-10-29): Seller provided the PCCD and LOX. Missing the proof of delivery.  Exception remains.


Reviewer Comment (2018-10-29): Post Close Disclosure reflects escrow payment as $xxxxx; calculated is $xxxxxx.


Reviewer Comment (2018-10-29): No document provided to correct. Exception remains
   8/XX/2018  3:43:21 PM   2 B 6/XX/2018 PA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
204991205           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on  [Redacted] disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/486817) Disclosure reflects escrow payment as $293.91; calculated is $371.97. This is due to lender using Tax Cert for a property located in  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX and shipping label.


Buyer Comment (2018-10-29): Please see UPS LABEL


Reviewer Comment (2018-10-29): Seller provided the tracking disclosure dated x/x/xxxx via email however the only documents referenced are the PCCD and no evidence the borrower received the LOX. Exception remains.


Buyer Comment (2018-10-29): Please see ESIGN, PCCD TRACKING previously provided  reflects borrower received revised on  [Redacted]


Reviewer Comment (2018-10-29): Seller provided the PCCD and LOX. Missing the proof of delivery.  Exception remains.


Reviewer Comment (2018-10-29): Post Close Disclosure reflects escrow payment as $xxxxx; calculated is $xxxxxx.


Reviewer Comment (2018-10-29): No document provided to correct. Exception remains
   8/XX/2018  3:43:58 PM   2 B 6/XX/2018 PA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
204991205           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on  [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/486814) Disclosure reflects total payment as $2,135.79; calculated is $2,213.85. This is due to lender using Tax Cert for a property located in  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX and shipping label.


Buyer Comment (2018-10-29): please see UPS LABEL


Reviewer Comment (2018-10-29): Seller provided the tracking disclosure dated  [Redacted] via email however the only documents referenced are the PCCD and no evidence the borrower received the LOX. Exception remains.


Buyer Comment (2018-10-29): Please see ESIGN, PCCD TRACKING, LOX 2 previously provided  reflects borrower received revised on  [Redacted]


Reviewer Comment (2018-10-29): Seller provided the PCCD and LOX. Missing the proof of delivery.  Exception remains.


Reviewer Comment (2018-10-29): Post Close Disclosure reflects total payment as $x,xxx.xx; calculated is $x,xxx.xx


Reviewer Comment (2018-10-29): No document provided to correct. Exception remains
   8/XX/2018  3:44:09 PM   2 B 6/XX/2018 PA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
204991205           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Fee Acronyms or Abbreviations TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on  [Redacted] used abbreviated fees or fees listed as an acronym that are not reasonably understood by the consumer. (Final [Redacted]) Disclosure reflects a CDA fee; should reflect Collateral Desktop Analysis.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  11:07:34 AM 2 B 6/XX/2018 PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204991205           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy.   Per guidelines; Primary, Purchase transaction with a  [Redacted] credit score; max LTV is 80%. Lender exception not provided in file.   Reviewer Comment (2018-10-29): Per SPA5 guides for  [Redacted] LTV maximum is 90% with  [Redacted] FICO.
 7/XX/2018  11:09:39 AM     1 A 6/XX/2018 PA Primary Purchase   C B C A C B A A Non QM Non QM No
204992151           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.82560% or Final Disclosure APR of 6.86300% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     7/XX/2018  9:30:13 AM 1 A 7/XX/2018 FL Primary Purchase   C B C A B B A A Non QM Non QM No
204992151           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2018-10-29): waive
     8/XX/2018  2:55:13 PM 2 B 7/XX/2018 FL Primary Purchase   C B C A B B A A Non QM Non QM No
204992151           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final [Redacted]) The Final Closing Disclosure indicates the loan is not assumable, however, the Note contains verbiage confirming it is assumable.   Buyer Comment (2018-10-29): waive
     8/XX/2018  2:57:26 PM 2 B 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
204992151           Compliance Compliance Federal Compliance 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. (Final [Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $ [Redacted], while closing CD seller's fees total $ [Redacted]   Buyer Comment (2018-10-29): waive
     8/XX/2018  2:57:36 PM 2 B 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
204992151           Credit Credit Credit Eligibility Guideline Issue: Derogatory mortgage payments outside of credit guidelines   The  [Redacted] program guidelines only allow 1x30x12 regarding mortgage late payments, however, the Borrower credit report reflects 10x30, 2x60 and 4x90. A Lender exception is documented in file regarding the Borrower's delinquent mortgage history of 1x60 a rolling 90 day late versus maximum 0x60x24, however, the exception was granted under [Redacted] program guidelines as well as the credit history reflected in the exception request is not accurate.   Reviewer Comment (2018-10-29): Loan was approved under the SPA5 loan program with max 1x30x12 - most recent lates occurred within last 13-24 months.


Buyer Comment (2018-10-29): exception not needed. the credit report has no delinquencies in the last 12 months and per A5 guidelines we only review the past 12 months.
 8/XX/2018  12:14:00 PM     1 A 7/XX/2018 FL Primary Purchase   C B C A B B A A Non QM Non QM No
204992151           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.     Buyer Comment (2018-10-29): waive
     8/XX/2018  2:56:15 PM 2 B 7/XX/2018 FL Primary Purchase   C B C A B B A A Non QM Non QM No
204992163           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   There was no approval or 1008/transmittal provided in file. Only the submission sheet was provided indicating the loan was submitted under the  [Redacted] loan program.   Reviewer Comment (2018-10-29): Seller provided the 1008 and approval dated  [Redacted] with a DTI of 4.946%.
 7/XX/2018  3:43:53 PM     1 A 7/XX/2018 CT Primary Purchase   C B C A C B A A Non QM Non QM No
204992163           Credit Income / Employment Income Documentation Income Docs Missing: Borrower:  [Redacted] Lender guidelines require that income is calculated using the [Redacted] and that it is included in each file, however, there is no evidence of the XXX Calculator in file.  Unable to confirm Lender calculations including Losses noted in "Other Income".   Reviewer Comment (2018-10-29): Seller provided the income calculator for the SPA5
 7/XX/2018  3:56:23 PM     1 A 7/XX/2018 CT Primary Purchase   C B C A C B A A Non QM Non QM No
204992163           Credit Loan Package Documentation Application / Processing Missing Document: Other not provided   Lender guidelines require the Borrower to complete the "Borrower Attestation [Redacted]" form and for it to be included in file, however, it is missing.   Reviewer Comment (2018-10-29): Seller provided the completed and signed ATR attestation dated  [Redacted]
 7/XX/2018  4:47:52 PM     1 A 7/XX/2018 CT Primary Purchase   C B C A C B A A Non QM Non QM No
204992163           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.71370% or Final Disclosure APR of 6.75800% is in excess of allowable threshold of APOR 4.67% + 1.5%, or 6.17000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     7/XX/2018  12:16:32 PM 1 A 7/XX/2018 CT Primary Purchase   C B C A C B A A Non QM Non QM No
204992163           Compliance Compliance State Compliance (State HPML) Connecticut Non-Prime Home Loan (APR Exceeds Non-Prime Threshold) Connecticut Non-Prime Home Loan: APR on subject loan of 6.71370% is in excess of allowable threshold of APOR 4.67% + 1.5%, or 6.17000%.  Compliant Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     7/XX/2018  12:16:38 PM 1 A 7/XX/2018 CT Primary Purchase   C B C A C B A A Non QM Non QM No
204992163           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final [Redacted]) Missing evidence that the borrower was provided the closing disclosure at least 3 business days prior to closing   Reviewer Comment (2018-10-29): Seller provided the initial CD dated  [Redacted]
 7/XX/2018  4:07:20 PM     1 A 7/XX/2018 CT Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
204992163           Compliance Compliance Federal Compliance 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 increased with no change of circumstance or cost to cure documented in file.       7/XX/2018  6:57:43 PM   1 A 7/XX/2018 CT Primary Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
204992163           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. There is no evidence in file to confirm when or if the Borrower received the CHARM Booklet disclosure.   Reviewer Comment (2018-10-29): Seller provided the CHARM disclosure dated  [Redacted]
 7/XX/2018  3:47:38 PM     1 A 7/XX/2018 CT Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
204992163           Credit Credit Miscellaneous Credit Exception:   The file does not contain supporting documentation for a mortgage for the Imari property.  The final [Redacted] reflects a mortgage payment of [Redacted]; the obligation was included in DTI.   Reviewer Comment (2018-10-29): Seller states borrower is obligated to make payment until paid in full per divorce decree payment  [Redacted] deed now in wife's name only used a figure of  [Redacted] Loan will be qualified with entire payment per divorce decree.
 7/XX/2018  12:39:03 PM     1 A 7/XX/2018 CT Primary Purchase   C B C A C B A A Non QM Non QM No
204992163           Compliance Compliance Federal Compliance 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. (Type:Primary [Redacted]) Receipt of "subject to" valuation acknowledgment in the file supports receipt of appraisal on  [Redacted] unable to confirm delivery of the Updated reports ( Form 442 on  [Redacted] and revised Appraisal on  [Redacted]   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  3:42:18 PM 2 B 7/XX/2018 CT Primary Purchase   C B C A C B A A Non QM Non QM No
204992163           Compliance Compliance Federal Compliance 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. (Type:Additional [Redacted]) Receipt of "subject to" valuation acknowledgment in the file supports receipt of appraisal on 6/1 [Redacted]1/18; unable to confirm delivery of the Updated reports ( Form 442 on  [Redacted] and revised Appraisal on  [Redacted]   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  3:42:11 PM 2 B 7/XX/2018 CT Primary Purchase   C B C A C B A A Non QM Non QM No
204992167           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.08590% or Final Disclosure APR of 7.11700% is in excess of allowable threshold of APOR 4.59% + 2.5%, or 7.09000%.  Compliant Higher Priced Mortgage Loan. Disclosure reflects APR as [Redacted];calculated is [Redacted]%; threshold is [Redacted].   Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML complaint loans.
     7/XX/2018  9:54:15 AM 1 A 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992167           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on  [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final [Redacted]) Cure for various 0% tolerance violations $35 was not provided.   Reviewer Comment (2018-10-29): Seller provided the PCCD and LOX
   7/XX/2018  1:52:52 PM   2 B 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992167           Compliance Compliance Federal Compliance 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. (Final [Redacted]) Seller paid fees on the buyers Closing Disclosure is $60; seller paid fees on the sellers Closing Disclosure is $ [Redacted].  Seller paid fees not listed on the borrowers Final CD [Redacted]   Reviewer Comment (2018-10-29): Seller provided the LOX and PCCD
   7/XX/2018  1:53:22 PM   2 B 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992167           Compliance Compliance Federal Compliance 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. Title - Wire fee disclosed as $[Redacted] on the LE dated [Redacted]; but disclosed as $[Redacted] on the Final Closing Disclosure, a difference of $[Redacted].  No cure was provided to the borrower.   Reviewer Comment (2018-10-29): Seller provided the LOX, PCCD, refund and shipping label
   7/XX/2018  1:53:45 PM   2 B 7/XX/2018 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 B C B A A Non QM Non QM Yes
204992167           Credit Property - Appraisal Property Eligibility - Subject and Improvements Guideline Issue:  Property type not allowed per credit guidelines   Allow 2 unit properties vs program maximum of 1 unit for 90% LTV (subject is 1 unit with an accessory unit). Lender approved exception in file.   Reviewer Comment (2018-10-29): Guidelines for the SPAx allow upto xx% for x unit properties. Subject is a x unit ( x unit with accessory unit)


Reviewer Comment (2018-10-29): Incorrectly waived as guides allow x unit properties upto xx% LTV subject is a x unit not x ( x unit with accessory unit).


Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
 7/XX/2018  12:49:33 PM     1 A 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992167           Credit Assets Asset Documentation Earnest Money Deposit is unsourced.  Per guidelines EMD source is required.   Escrow deposit was remitted from borrower's business directly instead of through personal account. Lender approved exception in file. Borrower has been self-employed as XXX for the past 40 years

DTI is 16.63099%, 21.36901% < program maximum of 38%

Credit score is 807, 107 points > program requirement of 700		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     7/XX/2018  9:58:36 AM 2 B 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992167           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower. Evidence of disclosure being provided to borrower not in file.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  1:38:28 PM 2 B 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992168           Credit 1003 Document Error Borrower(s) is not a U.S. Citizen, and the guideline required documentation was not provided. Borrower:  [Redacted] Program guidelines require that Foreign Nationals, like the Borrower, provide their visa indicating their current status as well as their valid passport. Only the valid passport was found in file.   Reviewer Comment (2018-10-29): The borrowers visa status can be documented by the borrowers passport a copy of their visa is not required per the SPJx guides.


Buyer Comment (2018-10-29): Please remove this condition.  The documentation provided within the loan file is sufficient to meet guidelines: "Documentation evidencing the visa status of non-citizens, including copies of non-citizens' passports must be included in the Mortgage File.".  The passport provided indicates that the Borrower is not a US citizen rather a citizen of another country.  Thank you.
 8/XX/2018  4:29:35 PM     1 A 7/XX/2018 FL Investment Purchase   C A C A A A A A N/A N/A No
204992168           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy.   Per guidelines loans with foreign borrower limited to [Redacted] on an investment (there is another section that says [Redacted]).   Reviewer Comment (2018-10-29): SPJx loan program for purchase Investment loans allows xx% LTV for foreign borrowers.


Buyer Comment (2018-10-29): Per underwriting matrix, sect.x.x:Citizens / US persons and foreigners permitted, foreigners only permitted for xnd home and investor occupancy with a maximum LTV of xx%.
 8/XX/2018  8:54:00 AM     1 A 7/XX/2018 FL Investment Purchase   C A C A A A A A N/A N/A No
204992180           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.24920% or Final Disclosure APR of 7.28200% is in excess of allowable threshold of APOR 4.61% + 1.5%, or 6.11000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     7/XX/2018  3:53:11 PM 1 A 7/XX/2018 NC Primary Purchase   C B C B C B A A Non QM Non QM No
204992180           Compliance Compliance State Compliance North Carolina Rate Spread Threshold Test Compliant North Carolina Rate Spread Home Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of APOR x.xx% + 1.5%, or x.xxxxx%.  Compliant Rate Spread Home Loan.     Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  5:10:57 PM 2 B 7/XX/2018 NC Primary Purchase   C B C B C B A A Non QM Non QM No
204992180           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on  [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation.  [Redacted] Prepaid HOI should show as 12 months of premiums, not 3.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  5:11:04 PM 2 B 7/XX/2018 NC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992180           Compliance Compliance Federal Compliance 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.  [Redacted] TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $ [Redacted], while closing CD seller's fees total $0.00   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  5:11:12 PM 2 B 7/XX/2018 NC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992180           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Lender no longer carrying [Redacted] primary home PITI in ratios for reason unknown, when included DTI exceeds program max DTI of [Redacted] ([Redacted] LTV). Co-Borrower is self-employed as a XXX for the past 20 years.

Borrower has no late payments on credit. No public records. Co-borrower has 1 open and 4 closed mortgages reporting 0x30 since inception (10/2002)

14.76 months reserves > 3 months guideline minimum

Credit score is 731, 31 points > program requirement of 700		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
     7/XX/2018  5:16:45 PM 2 B 7/XX/2018 NC Primary Purchase   C B C B C B A A Non QM Non QM No
204992180           Credit Credit AUS Discrepancy / Guidelines Discrepancy AUS Findings: All conditions were not met   Lender no longer carrying [Redacted] primary home PITI in ratios for reason unknown, when included DTI exceeds program max DTI of [Redacted] ([Redacted] LTV). Co-Borrower is self-employed as a XXX for the past 20 years.

Borrower has no late payments on credit. No public records. Co-borrower has 1 open and 4 closed mortgages reporting 0x30 since inception (10/2002)

14.76 months reserves > 3 months guideline minimum

Credit score is 731, 31 points > program requirement of 700		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
     7/XX/2018  5:17:30 PM 2 B 7/XX/2018 NC Primary Purchase   C B C B C B A A Non QM Non QM No
204992180           Compliance Compliance Federal Compliance 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 Risk. Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.Lender no longer carrying [Redacted] primary home PITI in ratios for reason unknown, when included DTI exceeds program max DTI of [Redacted] ([Redacted] LTV).   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
 7/XX/2018  5:18:36 PM     1 A 7/XX/2018 NC Primary Purchase Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
204992180           Compliance Compliance Federal Compliance 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. ATR risk due to exceeding program DTI required of 38%.Lender no longer carrying B2 primary home PITI in ratios for reason unknown, when included DTI exceeds program max DTI of 38% (90% LTV).   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
 7/XX/2018  5:18:36 PM     1 A 7/XX/2018 NC Primary Purchase   C B C B C B A A Non QM Non QM No
204992188           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Buyer Comment (2018-10-29): [Redacted] has elected to waive


Reviewer Comment (2018-10-29): Seller provided a 1003 with date of  [Redacted] however missing LO and borrowers signatures please provided signed initial 1003. Exception remains.
     8/XX/2018  1:20:00 PM 2 B 6/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204992188           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Appraisal dated 6/XX/2018 with no damage dated after the declared disaster date 1/XX/2018. Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception with compensating factor.
     8/XX/2018  3:12:11 PM 2 B 6/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204992188           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date.   The effective date is within the disbursement period however after the transaction date.   Reviewer Comment (2018-10-29): Seller provided the revised HOI with effective date as consummation date [Redacted].


Buyer Comment (2018-10-29): Uploaded Revised HOI
 8/XX/2018  3:44:40 PM     1 A 6/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204992188           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. Disclosure provided 6/XX/2018 > application plus 3 days  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the initial ATM disclosure dated  [Redacted]
 8/XX/2018  9:48:44 AM     1 A 6/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204992188           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Settlement / Closing / Escrow Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Insufficient or no cure was provided to the borrower.   Reviewer Comment (2018-10-29): After fee entry and reconciliation fee review exception cleared.
 8/XX/2018  2:34:30 PM     1 A 6/XX/2018 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
204992188           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Courier / Express Mail / Messenger Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Insufficient or no cure was provided to the borrower.   Reviewer Comment (2018-10-29): Courier Fee as the payee on the final CD (XXX) is the same as another title fee listed on the LE (Title-Loan Tie-in) which the borrower shopped for and was not on the SSPL.


Reviewer Comment (2018-10-29): Escalated
 8/XX/2018  11:48:19 AM     1 A 6/XX/2018 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
204992188           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Notary Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Insufficient or no cure was provided to the borrower.   Reviewer Comment (2018-10-29): Notary payee is someone that is different from the borrower's selected provider and is a shoppable fee listed in section C.


Reviewer Comment (2018-10-29): Please provide a copy of this revised CD dated  [Redacted] with the name of the Third party for the Notary fee for reconsideration. Exception remains.


Reviewer Comment (2018-10-29): No LOX with the name of payee was provided. Seller provided a email to borrower for receipt of a revised CD and LOX on  [Redacted] Exception remains.


Reviewer Comment (2018-10-29): As the final CD lists the payee of the Notary Fee as "TBD", we do not know whether the payee was from the SSPL or an affiliate of the lender or broker. As a result, we are testing to the conservative 0% tolerance under the premise the fee may have been paid to an affiliate of the lender or broker. Please provide and LOX for review with the actual name of the payee. Exception remains


Reviewer Comment (2018-10-29): Escalated
 8/XX/2018  12:27:42 PM     1 A 6/XX/2018 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
204992188           Compliance Compliance Federal Compliance TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on  [Redacted] reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section.  [Redacted] A fee Paid to the broker for fee within Services Borrower Did Not Shop For section.   Buyer Comment (2018-10-29): [Redacted] has elected to waive
     8/XX/2018  1:20:12 PM 2 B 6/XX/2018 CA Primary Purchase Good Faith Redisclosure C B C B C B A A Non QM Non QM Yes
204992188           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on  [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit.  [Redacted] Final Closing Disclosure provided on  [Redacted] disclosed an value of the dollar amount of $0   Buyer Comment (2018-10-29): [Redacted] has elected to waive
     8/XX/2018  1:20:23 PM 2 B 6/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992188           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on  [Redacted] disclosed a Closing Date that did not match the actual date of consummation.  [Redacted] Final Closing Disclosure provided on  [Redacted] disclosed the closing date as  [Redacted] located  [Redacted]of the Final CD. Security Instrument signed on  [Redacted]   Buyer Comment (2018-10-29): [Redacted] has elected to waive
     8/XX/2018  1:20:34 PM 2 B 6/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992188           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Demand Feature TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan contains a Demand Feature.  [Redacted] CD is missing data in section regarding demand feature   Buyer Comment (2018-10-29): [Redacted] has elected to waive
     8/XX/2018  1:20:44 PM 2 B 6/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992188           Compliance Compliance Federal Compliance 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.  [Redacted] Seller's CD and borrower's CD do not match . Seller CD on incorrect form.   Buyer Comment (2018-10-29): [Redacted] has elected to waive
     8/XX/2018  1:20:56 PM 2 B 6/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992188           Credit Loan Package Documentation Closing / Title Title Error: Title vesting does not concur with deed   Per preliminary  [Redacted] and  [Redacted] no reference to borrowers.   Reviewer Comment (2018-10-29): Seller provided the amended escrow instructions with buyers vesting as  [Redacted].
 8/XX/2018  3:13:28 PM     1 A 6/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204992189           Credit Loan Package Documentation Application / Processing Missing Document: Missing Final 1003       Reviewer Comment (2018-10-29): Seller provided the final 1003 signed by the borrower on page 4  [Redacted]


Reviewer Comment (2018-10-29): Seller provided the initial 1003 dated  [Redacted] missing the final 1003 dated at time of consummation. Exception remains
 8/XX/2018  6:00:26 PM     1 A 7/XX/2018 NV Second Home Refinance - Cash-out - Home Improvement   C B C A C B A A Non QM Non QM No
204992189           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan allows for Assumption.  [Redacted] The Borrower's Final Closing Disclosure indicates the loan is not assumable, however, the Note contains verbiage confirming it is assumable.   Reviewer Comment (2018-10-29): Seller provided the final CD dated [Redacted].


Reviewer Comment (2018-10-29): Not corrected on the PCCD. Exception remains.
 8/XX/2018  10:25:22 AM     1 A 7/XX/2018 NV Second Home Refinance - Cash-out - Home Improvement Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204992189           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on  [Redacted] disclosed a Closing Date that did not match the actual date of consummation.  [Redacted] Final CD indicates loan closing date of 6/XX/18 yet consummation date is  [Redacted]  Please provide a Post Consummation CD correcting the dates and any other impacted information.   Reviewer Comment (2018-10-29): Seller provided the final CD dated [Redacted].


Reviewer Comment (2018-10-29): Seller provided a PCCD missing the LOX. Exception remains
 8/XX/2018  10:25:22 AM     1 A 7/XX/2018 NV Second Home Refinance - Cash-out - Home Improvement Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204992189           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Product TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on  [Redacted] disclosed a Product that does not match the actual product for the loan.  [Redacted] Final CD indicates loan is a Fixed Rate mortgage, however, the Note reflects a 5/1 ARM.   Reviewer Comment (2018-10-29): Seller provided the final CD dated [Redacted].


Reviewer Comment (2018-10-29): Seller provided a PCCD missing the LOX. Exception remains
 8/XX/2018  10:25:22 AM     1 A 7/XX/2018 NV Second Home Refinance - Cash-out - Home Improvement Provide the following: Letter of Explanation and Corrected CD C B C A C B A A Non QM Non QM Yes
204992189           Credit Income / Employment Income Documentation Income Docs Missing:   Borrower receives pension income from [Redacted]. The award letter was provided in file, however, there is no evidence the receipt of income will at least continue for the following 3 years.  (Vague language:  it is important to inform this office of any changes of circumstances which might affect "your continuous entitlement to receipt of this Benefit/Assistance".)   Reviewer Comment (2018-10-29): Seller provided evidence per (REDACTED) fund as borrower will receive a fixed monthly benefit for life.
 7/XX/2018  4:39:16 PM     1 A 7/XX/2018 NV Second Home Refinance - Cash-out - Home Improvement   C B C A C B A A Non QM Non QM No
204992189           Compliance Compliance Federal Compliance TRID Post Close Closing Disclosure Timing Irregular Transactions TILA-RESPA Integrated Disclosure - Three-Day Waiting Period Timing Violation.  Post Closing Disclosure reflects a change in APR, loan product, or addition of prepayment penalty which would have triggered an additional 3-day waiting period had it been correctly disclosed on the Final Closing Disclosure.     Reviewer Comment (2018-10-29): Seller provided the final CD dated [Redacted]
 8/XX/2018  10:30:33 AM     1 A 7/XX/2018 NV Second Home Refinance - Cash-out - Home Improvement   C B C A C B A A Non QM Non QM No
204992189           Compliance Compliance Federal Compliance RESPA -  Initial Escrow Account statement Inaccurate RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. Initial escrow account disclosure  [Redacted] < sum of fees  [Redacted]   Buyer Comment (2018-10-29): [Redacted] has elected to waive
     8/XX/2018  11:51:09 AM 2 B 7/XX/2018 NV Second Home Refinance - Cash-out - Home Improvement   C B C A C B A A Non QM Non QM Yes
204992189           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan allows for Assumption.  [Redacted] CD states will not allow assumption and note is assumable   Buyer Comment (2018-10-29): [Redacted] has elected to waive
     8/XX/2018  11:50:36 AM 2 B 7/XX/2018 NV Second Home Refinance - Cash-out - Home Improvement Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204992189           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on  [Redacted] disclosed a Closing Date that did not match the actual date of consummation.  [Redacted] CD final closing date  [Redacted] < closing date  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the final CD dated [Redacted]
 8/XX/2018  10:30:33 AM     1 A 7/XX/2018 NV Second Home Refinance - Cash-out - Home Improvement Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204992189           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Cash To Close TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on  [Redacted] disclosed a Final value of Cash to Close that does not match the actual sum of Final cash to close figures.  [Redacted] CD cash to close 76,693.73 < calculated 76,706.73   Buyer Comment (2018-10-29): [Redacted] has elected to waive
     8/XX/2018  11:50:53 AM 2 B 7/XX/2018 NV Second Home Refinance - Cash-out - Home Improvement Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204992189           Compliance Compliance Federal Compliance TRID Interim Closing Disclosure Timing Irregular Transactions TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on  [Redacted] contains a change in APR, loan product or addition of prepayment penalty and was not received by borrower at least three (3) business days prior to consummation CD dated  [Redacted] and closing date  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the [Redacted] CD received on [Redacted]


Reviewer Comment (2018-10-29): Seller provided the [Redacted] CD please provide evidence of date of receipt of the [Redacted] CD 3 days prior to consummation.Exception remains.
 8/XX/2018  1:48:40 PM     1 A 7/XX/2018 NV Second Home Refinance - Cash-out - Home Improvement No Defined Cure C B C A C B A A Non QM Non QM No
204992194           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Appraisal report dated 7/XX/2018 with no damage is dated after the declared disaster date 1/XX/2018. Reviewer Comment (2018-10-29): [Redacted] has elected to waive with compensating factor.
     8/XX/2018  11:20:13 AM 2 B 7/XX/2018 CA Primary Purchase   C B B B C B A A Non QM Non QM No
204992194           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 6.55520% or Final Disclosure APR of 6.57500% is in excess of allowable threshold of APOR 4.63% + 1.5%, or 6.13000%.  Compliant Higher Priced Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     7/XX/2018  9:42:56 AM 1 A 7/XX/2018 CA Primary Purchase   C B B B C B A A Non QM Non QM No
204992194           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan allows for Assumption.  [Redacted] Assumption verbiage present on Note, however final CD shows no assumption.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  10:41:24 AM 2 B 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B B B C B A A Non QM Non QM Yes
204992194           Compliance Compliance Federal Compliance 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.  [Redacted] No seller paid fees shown on Borrower CD, all captured from Seller CD.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  10:41:29 AM 2 B 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B B B C B A A Non QM Non QM Yes
204992194           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   The Lender's Initial 1003 is missing from file, however, the Creditor Application Date was obtained from the Compliance Report provided in file.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     7/XX/2018  10:41:36 AM 2 B 7/XX/2018 CA Primary Purchase   C B B B C B A A Non QM Non QM No
204992194           Compliance Compliance Federal Compliance 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.  [Redacted] Email confirmation in file indicates the valuation was provided to the Borrower after the effective date but prior to the report date when the Appraiser signed off.   Reviewer Comment (2018-10-29): Seller provided the original appraisal dated  [Redacted]
 7/XX/2018  10:46:48 AM     1 A 7/XX/2018 CA Primary Purchase   C B B B C B A A Non QM Non QM No
204992194           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.55520% or Final Disclosure APR of 6.57500% is in excess of allowable threshold of APOR 4.63% + 1.5%, or 6.13000%.  Compliant Higher Priced Mortgage Loan. Subject loan was approved as a Non-QM Compliant Higher Priced Loan.   Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     7/XX/2018  9:43:16 AM 1 A 7/XX/2018 CA Primary Purchase   C B B B C B A A Non QM Non QM No
204992194           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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.  [Redacted] The Lender did not disclose the estimated property taxes correctly in the CD of $ [Redacted]; the correct taxes of $ [Redacted] were used to qualify the borrower.   Reviewer Comment (2018-10-29): Seller provided the tax cert for the semi-annual tax amount of 820.98 next due  [Redacted]


Buyer Comment (2018-10-29): We used the Tax Cert which was filled out by the Attorney ($xxx.xx)


Buyer Comment (2018-10-29): We used the Tax cert which was filled out by Attorney ($xxx.xx)


Reviewer Comment (2018-10-29): Seller provided the tax bill for xxx.xx however this does not match the amount used on the tax cert of xxx.xx which was used on the final CD of xxx.xx monthly. Exception remains.


Reviewer Comment (2018-10-29): Seller provided tax cert however loan is a purchase located in CA and taxes are not based off of x.xx% of the sales price. Exception remains.
 8/XX/2018  9:31:18 AM     1 A 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B B B C B A A Non QM Non QM Yes
204992194           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/493518) The Lender did not disclose the estimated property taxes correctly in the CD of $136.83; the correct taxes of $441.67 were used to qualify the borrower.   Reviewer Comment (2018-10-29): Seller provided the tax cert for the semi-annual tax amount of 820.98 next due  [Redacted]


Buyer Comment (2018-10-29): We used the Tax cert $136.83


Reviewer Comment (2018-10-29): Seller provided the tax bill for xxx.xx however this does not match the amount used on the tax cert of xxx.xx which was used on the final CD of xxx.xx monthly. Exception remains.


Reviewer Comment (2018-10-29): Seller provided tax cert however loan is a purchase located in CA and taxes are not based off of x.xx% of the sales price. Exception remains.
 8/XX/2018  9:31:18 AM     1 A 7/XX/2018 CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B B B C B A A Non QM Non QM Yes
204992194           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on  [Redacted] disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/493519) The Lender did not disclose the estimated property taxes correctly in the CD of 136.83; the correct taxes of $441.67 were used to qualify the borrower.   Reviewer Comment (2018-10-29): Seller provided the tax cert for the semi-annual tax amount of 820.98 next due  [Redacted]


Buyer Comment (2018-10-29): We used the Tax Cert which was filled out by the Attorney ($xxx.xx)


Buyer Comment (2018-10-29): Correct Taxes are $xxx.xx per month


Reviewer Comment (2018-10-29): Seller provided the tax bill for xxx.xx however this does not match the amount used on the tax cert of xxx.xx which was used on the final CD of xxx.xx monthly. Exception remains.


Reviewer Comment (2018-10-29): Seller provided tax cert however loan is a purchase located in CA and taxes are not based off of x.xx% of the sales price. Exception remains.
 8/XX/2018  9:31:18 AM     1 A 7/XX/2018 CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B B B C B A A Non QM Non QM Yes
204992194           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on  [Redacted] disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/493520) The Lender did not disclose the estimated property taxes correctly in the CD of 136.83; the correct taxes of $441.67 were used to qualify the borrower.   Reviewer Comment (2018-10-29): Seller provided the tax cert for the semi-annual tax amount of 820.98 next due  [Redacted]


Buyer Comment (2018-10-29): We used the Tax Cert which was filled out by the Attorney ($xxx.xx)


Reviewer Comment (2018-10-29): Seller provided the tax bill for xxx.xx however this does not match the amount used on the tax cert of xxx.xx which was used on the final CD of xxx.xx monthly. Exception remains.


Reviewer Comment (2018-10-29): Seller provided tax cert however loan is a purchase located in CA and taxes are not based off of x.xx% of the sales price. Exception remains.
 8/XX/2018  9:31:18 AM     1 A 7/XX/2018 CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B B B C B A A Non QM Non QM Yes
204992194           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on  [Redacted] disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/493521) The Lender did not disclose the estimated property taxes correctly in the CD of 136.83; the correct taxes of $441.67 were used to qualify the borrower.   Reviewer Comment (2018-10-29): Seller provided the tax cert for the semi-annual tax amount of 820.98 next due  [Redacted]


Buyer Comment (2018-10-29): We used the Tax Cert which was filled out by the Attorney ($xxx.xx)


Reviewer Comment (2018-10-29): Seller provided the tax bill for xxx.xx however this does not match the amount used on the tax cert of xxx.xx which was used on the final CD of xxx.xx monthly. Exception remains.


Reviewer Comment (2018-10-29): Seller provided tax cert however loan is a purchase located in CA and taxes are not based off of x.xx% of the sales price. Exception remains.
 8/XX/2018  9:31:18 AM     1 A 7/XX/2018 CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B B B C B A A Non QM Non QM Yes
204992194           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on  [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/493518) The Lender did not disclose the estimated property taxes correctly in the CD of 136.83; the correct taxes of $441.67 were used to qualify the borrower.   Reviewer Comment (2018-10-29): Seller provided the tax cert for the semi-annual tax amount of 820.98 next due  [Redacted]


Buyer Comment (2018-10-29): We used the Tax Cert which was filled out by the Attorney ($xxx.xx)


Reviewer Comment (2018-10-29): Seller provided the tax bill for xxx.xx however this does not match the amount used on the tax cert of xxx.xx which was used on the final CD of xxx.xx monthly. Exception remains.


Reviewer Comment (2018-10-29): Seller provided tax cert however loan is a purchase located in CA and taxes are not based off of x.xx% of the sales price. Exception remains.
 8/XX/2018  9:31:18 AM     1 A 7/XX/2018 CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B B B C B A A Non QM Non QM Yes
204992198           Credit Guideline Guideline Issue Ineligible property type. ___ Investor concentration of [Redacted] ([Redacted] out of [Redacted] units) vs. program requirement that no more than [Redacted] of total units in the subject property may be renter occupied. Lender approved exception in file. Borrower has 1 open and 5 closed mortgages reporting paid as agreed

Borrower is XXX for XXX years and in the same line of work for the past 20 years

Guideline variance approved by lender at time of origination, DTI is 29.62844%, 20.37156% < program maximum of 50%

Guideline variance approved by lender at time of origination.
Reserves are 25.69 months, 22.69 months > program requirement of 3 months

Guideline variance approved by lender at time of origination; credit score is 693, 13 points > program requirement of 680

Long established condo, project first marketed in 1985. No commercial space in the project, no pending litigation and no single entity owns more than 15%.		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     7/XX/2018  9:06:22 AM 2 B 7/XX/2018 CA Investment Purchase   C B C B A A A A N/A N/A No
204992202           Credit Credit Credit Eligibility Unacceptable credit - outstanding tax lien(s) with no payment arrangements.   Missing evidence that x Tax Liens reported on CBR are resolved   Reviewer Comment (2018-10-29): Seller provided final title as evidence of no liens filed against borrower.


Buyer Comment (2018-10-29): [Redacted]does not do verbals


Buyer Comment (2018-10-29): Final Title uploaded


Reviewer Comment (2018-10-29): Seller provided a copy of the final title with no liens exception subject mortgage however no proof the state and federal tax liens were paid on the credit report. Please provide evidence with credit supplement. Exception remains


Buyer Comment (2018-10-29): Final Title Policy no liens


Reviewer Comment (2018-10-29): Title commitment only in file please provide evidence of final title with no clouds on title. Exception remains.
 8/XX/2018  1:44:56 PM     1 A 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992202           Credit Credit Credit Eligibility Credit Issue:  Judgments on credit/title report were not satisfied at closing per loan approval.   Missing evidence Civil Judgment shown on CBR is resolved   Reviewer Comment (2018-10-29): Seller provided final title with no liens - only lien is subject mortgage.


Buyer Comment (2018-10-29): Final Title uploaded


Reviewer Comment (2018-10-29): Title commitment only in file please provide evidence of final title with no clouds on title. Exception remains.
 8/XX/2018  11:52:51 AM     1 A 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992202           Credit Credit AUS Discrepancy / Guidelines Discrepancy AUS Findings: All conditions were not met   Evidence Judgement and Tax Liens resolved   Reviewer Comment (2018-10-29): Seller provided final title with no liens - only lien is subject mortgage.


Buyer Comment (2018-10-29): Final Title uploaded
 8/XX/2018  11:52:38 AM     1 A 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992202           Credit Income / Employment Income Documentation Income Docs Missing: Borrower:  [Redacted] ___ Seven of 12 personal bank statements missing to calculate deposits from program  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the  [Redacted][Redacted]and 8/[Redacted] missing statements.
 8/XX/2018  4:09:18 PM     1 A 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992202           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Judgments / Balance: XXX, Credit Report: Original // Public Record Type: Tax Liens / Balance: XXX, Credit Report: Original // Public Record Type: Tax Liens / Balance: XXX, Credit Report: Original // Public Record Type: Tax Liens / Balance: XXX, Credit Report: Original // Public Record Type: Tax Liens / Balance: XXX Credit Report: Original // Public Record Type: Tax Liens / Balance: XXX, Credit Report: Original // Public Record Type: Collections / Balance: XXX, Credit Report: Original // Public Record Type: Collections / Balance: XXX, Credit Report: Original // Public Record Type: Collections / Balance: XXX, Credit Report: Original // Public Record Type: Collections / Balance: XXX, Credit Report: Original // Public Record Type: Collections / Balance: XXX, Credit Report: Original // Public Record Type: Charge-offs / Balance: XXX Four collections and one charge off paid off through closing,  [Redacted] Paid at closing per CD  [Redacted]  All other tax liens, judgments, and collections have not been satisfied.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.


Buyer Comment (2018-10-29): Please waive


Reviewer Comment (2018-10-29): Seller provided the final title with no liens filed against borrower  and judgement for xxx paid on CD as well as collections for xxxx,xxxx,xxxx, and xxxx however the following collections remain open and not paid: xxxx.xx and xxxx.xx Exception remains.


Reviewer Comment (2018-10-29): Seller provided a copy of the final title with no liens exception subject mortgage however no proof the state and federal tax liens were paid on the credit report. Please provide evidence with credit supplement. Exception remains


Buyer Comment (2018-10-29): Final Title uploaded
     8/XX/2018  5:27:33 PM 2 B 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992202           Compliance Compliance Federal Compliance 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 three (3) business days prior to closing, and appraisal was not provided at or before closing.  [Redacted]     Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     8/XX/2018  4:00:03 PM 2 B 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992202           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     8/XX/2018  3:59:57 PM 2 B 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992202           Compliance Compliance Federal Compliance 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 $XXX on Final Closing Disclosure provided on  [Redacted] not accurate.  [Redacted] Non-escrowed HOA dues ($125.00/mo) should be $1500.00 vs .$1375.00 on CD.   Reviewer Comment (2018-10-29): Seller provided the LOX and corrected PCCD


Buyer Comment (2018-10-29): LOX


Reviewer Comment (2018-10-29): Seller provided corrected PCCD dated  [Redacted] missing letter of explanation. Exception remains.


Buyer Comment (2018-10-29): PCCD x uploaded


Reviewer Comment (2018-10-29): Per appraisal and sales contract HOA dues are xxx.xx per year not xxx.xx per month as per PCCD states with xxxx reflected on page x for costs over year x. Exception remains.


Buyer Comment (2018-10-29): Final Title uploaded,PCCD has been uploaded


Buyer Comment (2018-10-29): See PCCD and clear please
   8/XX/2018  5:28:30 PM   2 B 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992202           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan allows for Assumption.  [Redacted] Loan is an assumable ARM, CD indicates not assumable   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     8/XX/2018  3:59:50 PM 2 B 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992202           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on  [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit.  [Redacted] The CD indicated the legal limit was exceeded by $5.00   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     8/XX/2018  3:59:34 PM 2 B 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992202           Compliance Compliance Federal Compliance 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.  [Redacted] Borrower's CD did not disclose any Seller paid fees; all fees from the Seller''s CD have been added for testing purposes.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     8/XX/2018  3:59:26 PM 2 B 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992202           Compliance Compliance Federal Compliance 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 of $ [Redacted]   Reviewer Comment (2018-10-29): $5.00 cure provided for this overage on CD issued  [Redacted]
   7/XX/2018  12:25:08 PM   2 B 7/XX/2018 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 B C B A A Non QM Non QM Yes
204992202           Compliance Compliance Federal Compliance 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 cure provided for overage, survey fee added to CD without VCC.   Reviewer Comment (2018-10-29): Seller provided the PCCD total refund 425.00, LOX and shipping label.


Buyer Comment (2018-10-29): PCCD, LOX, Check and label uploaded
   8/XX/2018  4:05:36 PM   2 B 7/XX/2018 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 B C B A A Non QM Non QM Yes
204992202           Compliance Compliance Federal Compliance 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. No cure provided for overage, HOA cert fee not shown on LE, added without VCC.   Reviewer Comment (2018-10-29): Seller provided the PCCD total refund 425.00, LOX and shipping label.


Buyer Comment (2018-10-29): PCCD, LOX, Check and label uploaded
   8/XX/2018  4:05:49 PM   2 B 7/XX/2018 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 B C B A A Non QM Non QM Yes
204992202           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.07160% or Final Disclosure APR of 7.09500% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): Seller provided the electronic e-receipt of the appraisal on [Redacted].


Buyer Comment (2018-10-29): Appraisal receipt uploaded


Reviewer Comment (2018-10-29): Loan remains non-compliant as missing the appraisal receipt - unable to waive as EV3.


Buyer Comment (2018-10-29): [Redacted] Mortgage purchases higher-priced mortgages. Please remove.


Reviewer Comment (2018-10-29): Loan remains non-compliant as missing the appraisal receipt.
 8/XX/2018  12:12:55 PM     1 A 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992202           Compliance Compliance Federal Compliance (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 three (3) business days prior to consummation.  [Redacted] Borrower waived timing rights, no evidence of receipt in file.   Reviewer Comment (2018-10-29): Seller provided the electronic e-receipt of the appraisal on [Redacted].


Buyer Comment (2018-10-29): Appraisal receipt
 8/XX/2018  12:12:55 PM     1 A 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992202           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.07160% or Final Disclosure APR of 7.09500% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     8/XX/2018  12:13:24 PM 1 A 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992203           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.89640% or Final Disclosure APR of 6.91300% is in excess of allowable threshold of APOR 4.63% + 1.5%, or 6.13000%.  Non-Compliant Higher Priced Mortgage Loan. Disclosure reflects APR as [Redacted]; calculated is [Redacted]%; threshold is [Redacted].   Reviewer Comment (2018-10-29): Based on the prior purchase price of  [Redacted] 2nd appraisal is not required, Issue is resolved.


Reviewer Comment (2018-10-29): The requirement is to provide the second appraisal to the consumer prior to consummation. Ordering a second appraisal post close would not serve to satisfy the requirement or clear the exception. Additional documentation pertaining to the upgrades or expenses incurred by the seller to increase the value would not impact the HPML requirement for the second appraisal. Exception remains


Buyer Comment (2018-10-29): Please see FLIP TOLERANCE reflecting that a 10 percent increase between the prior sale price and current purchase price is acceptable if within 90 days; The number of days between  [Redacted]h and  [Redacted] is 55 therefore within tolerance, 2nd appraisal is not required
 8/XX/2018  2:36:01 PM     1 A 7/XX/2018 AZ Primary Purchase   C B A A C B A A Non QM Non QM No
204992203           Compliance Compliance Federal Compliance (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Flipped Property - Did Not Obtain 2 Appraisals) TILA HPML Appraisal Rule  (Dodd-Frank 2014): Flipped Property - Creditor did not obtain two (2) written appraisals. Per the appraisal, the subject property has a prior sale on  [Redacted] for $ [Redacted] with a value of $ [Redacted] as of  [Redacted]   Reviewer Comment (2018-10-29): Based on the prior purchase price of  [Redacted] 2nd appraisal is not required, Issue is resolved.


Reviewer Comment (2018-10-29): The requirement is to provide the second appraisal to the consumer prior to consummation. Ordering a second appraisal post close would not serve to satisfy the requirement or clear the exception. Additional documentation pertaining to the upgrades or expenses incurred by the seller to increase the value would not impact the HPML requirement for the second appraisal. Exception remains


Buyer Comment (2018-10-29): Please see FLIP TOLERANCE reflecting that a 10 percent increase between the prior sale price and current purchase price is acceptable if within 90 days; The number of days between  [Redacted] and  [Redacted] is 55 therefore within tolerance, 2nd appraisal is not required
 8/XX/2018  2:36:01 PM     1 A 7/XX/2018 AZ Primary Purchase   C B A A C B A A Non QM Non QM No
204992203           Compliance Compliance Federal Compliance 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.  [Redacted] Seller paid fees on the buyers Closing Disclosure is $XXX; seller paid fees on the sellers Closing Disclosure is $XXX.  Seller paid fees not listed on the borrowers Final CD, Escrow fee of $XXX HOA Reserve of $XXX HOA Capital of $XXX, Prior Disclosure fee of $XXX, Seller Realtor Commission of $XXX, Buyer Realtor Commission of $XXX, Resale Package of $XXX, Owner's Title of $XXX and Transfer fee of $XXX.   Buyer Comment (2018-10-29): please waive
     8/XX/2018  11:13:34 AM 2 B 7/XX/2018 AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
204992203           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower. Copy disclosure not provided in file.   Buyer Comment (2018-10-29): please waive
     8/XX/2018  11:13:41 AM 2 B 7/XX/2018 AZ Primary Purchase   C B A A C B A A Non QM Non QM No
204992203           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan allows for Assumption.  [Redacted] Disclosure reflects loan "Will Not" allow assumption; note has assumption verbiage.   Buyer Comment (2018-10-29): please waive
     8/XX/2018  11:13:55 AM 2 B 7/XX/2018 AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
204992203           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.89640% or Final Disclosure APR of 6.91300% is in excess of allowable threshold of APOR 4.63% + 1.5%, or 6.13000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] elected to waive the exception.
     8/XX/2018  2:38:23 PM 1 A 7/XX/2018 AZ Primary Purchase   C B A A C B A A Non QM Non QM No
204992214           Credit Loan Package Documentation Application / Processing Missing Document: Other not provided   Per approval, Borrower Attestation ATR-[Redacted]A to be executed at closing.  Document was not provided.   Reviewer Comment (2018-10-29): Seller provided the completed signed and dated ATR attestation.
 8/XX/2018  1:50:47 PM     1 A 7/XX/2018 TX Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
204992214           Credit Income / Employment Income Documentation Income Docs Missing: Borrower:  [Redacted] Lender's bank statement analysis not provided.   Reviewer Comment (2018-10-29): Seller provided the SPA1 income calculator with monthly income of  [Redacted]
 8/XX/2018  3:33:33 PM     1 A 7/XX/2018 TX Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
204992214           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.89000% or Final Disclosure APR of 7.92700% is in excess of allowable threshold of APOR 4.56% + 1.5%, or 6.06000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     7/XX/2018  4:30:00 PM 1 A 7/XX/2018 TX Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
204992216           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.34700% or Final Disclosure APR of 7.36600% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Higher Priced Mortgage Loan. Disclosure reflects APR as [Redacted]; calculated is [Redacted]; threshold is [Redacted].   Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     8/XX/2018  4:16:18 PM 1 A 7/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992216           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Copy of disclosure not provided in file.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     8/XX/2018  2:52:41 PM 2 B 7/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992216           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on  [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit.  [Redacted] Cure for various 0% tolerance violations $1,292 was not provided.   Reviewer Comment (2018-10-29): Seller provided the PCCD, PCCD, LOX and proof of delivery (delivered  [Redacted]


Buyer Comment (2018-10-29): Please see DELIVERY CONFIRMED - reflecting in transit


Reviewer Comment (2018-10-29): Seller provided the corrected PCCD, refund, LOX and shipping label however this has not been picked up as of  [Redacted] 3:45 PM EST. Exception remains


Reviewer Comment (2018-10-29): Seller provided the PCCD  along with the LOX dated  [Redacted] and Shipping label however the PCCD's are not completed correctly and missing the tolerance cure credit on page 3 under calculated cash to close. Exception remains


Buyer Comment (2018-10-29): Please see PCCD 2, LOX 2, UPS Label 2


Reviewer Comment (2018-10-29): Seller provided the PCCD dated  [Redacted] and  [Redacted] along with the LOX dated  [Redacted] and Shipping label however the PCCD's are not completed correctly and missing the tolerance cure credit on page 3 under calculated cash to close. Exception remains


Buyer Comment (2018-10-29): Please see UPS LABEL, CHECK, LOX , PCCD
   9/XX/2018  2:57:30 PM   2 B 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204992216           Compliance Compliance Federal Compliance 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. (73109) Mortgage Broker fee disclosed as $8,608 on the LE dated  [Redacted] but disclosed as $9,900 on the Final Closing Disclosure.   Reviewer Comment (2018-10-29): Seller provided the PCCD, PCCD, LOX and proof of delivery (delivered  [Redacted]


Buyer Comment (2018-10-29): Please see DELIVERY CONFIRMED - reflecting in transit


Reviewer Comment (2018-10-29): Seller provided the corrected PCCD, refund, LOX and shipping label however this has not been picked up as of  [Redacted] 3:45 PM EST. Exception remains


Reviewer Comment (2018-10-29): Seller provided the PCCD  along with the LOX dated  [Redacted] and Shipping label however the PCCD's are not completed correctly and missing the tolerance cure credit on page 3 under calculated cash to close. Exception remains


Reviewer Comment (2018-10-29): Seller provided the PCCD dated  [Redacted] and  [Redacted] along with the LOX dated  [Redacted] and Shipping label however the PCCD's are not completed correctly and missing the tolerance cure credit on page 3 under calculated cash to close. Exception remains


Buyer Comment (2018-10-29): Please see UPS LABEL, CHECK, LOX , PCCD
   9/XX/2018  2:57:20 PM   2 B 7/XX/2018 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
204992216           Compliance Compliance Federal Compliance TILA NMLSR - Originator Company NMLS information on documents does not match NMLS website Truth in Lending Act (NMLSR Dodd- Frank 2014):  Loan Originator Organization NMLS information on loan documents does not match NMLS. Broker company NMLS ID ( [Redacted]) disclosed on documents does not belong to the origination company; belongs to an Originator. Per the NMLS site, the broker company's NMLS ID is  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the revised final 1003 with Broker NMLS # as  [Redacted]


Buyer Comment (2018-10-29): Please see LOX 2, UPS LABEL 2, PCCD


Buyer Comment (2018-10-29): Please see PCCD, UPS LABEL


Reviewer Comment (2018-10-29): Please provide a corrected PCCD with the Brokers corrected NMLS number. Exception remains.


Buyer Comment (2018-10-29): Please see REVISED NOTE, MORTGAGE and FINAL 1003 reflecting correct number
 09/04/2018     1 A 7/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM Yes
204992216           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.  [Redacted] Initial CD dated  [Redacted] is not executed by borrower; calculated received date is  [Redacted] closing date is  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the initial CD e-signed on [Redacted].
 8/XX/2018  2:57:40 PM     1 A 7/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
204992216           Compliance Compliance Federal Compliance 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.)  [Redacted] Borrower CD and most recent Seller CD do not reflect any seller paid fees.   Reviewer Comment (2018-10-29): Seller provided the PCCD and LOX


Buyer Comment (2018-10-29): Please see PCCD 2, LOX 2, UPS LABEL 2
   09/04/2018   2 B 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204992216           Credit Income / Employment Income Documentation Income Docs Missing: Borrower:  [Redacted] Third party verification to verify 2 years of self employment not provided.   Reviewer Comment (2018-10-29): Seller provided third party verification Sunbiz.org for XXX reflecting date file  [Redacted] > 2 years.
 8/XX/2018  2:55:30 PM     1 A 7/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992220           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. DTI is [Redacted] va program maximum of [Redacted]. Lender approved exception provided in file. No public records.

Borrower has 2 open and 2 closed mortgages reporting no lates over the past 48 months (last late payment was 30 days 7/2014).

Borrower is self-employed and owns XXXfor the last 21 years.

Credit score 746, 46 points > program requirement of 700.		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
     8/XX/2018  12:16:19 PM 2 B 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992220           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: C [Redacted] Missing required  [Redacted] - for qualifying income calculation.   Reviewer Comment (2018-10-29): Seller provided the SPA5 income worksheets for both accounts used.
 8/XX/2018  12:50:52 PM     1 A 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992220           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.49070% or Final Disclosure APR of 7.50800% is in excess of allowable threshold of APOR 4.56% + 1.5%, or 6.06000%.  Compliant Higher Priced Mortgage Loan. Disclosure reflects APR as [Redacted]; calculated is [Redacted]%; threshold is [Redacted].   Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     8/XX/2018  12:15:06 PM 1 A 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992220           Compliance Compliance Federal Compliance 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.  [Redacted] Seller paid fees on the buyers Closing Disclosure is $0; seller paid fees on the sellers Closing Disclosure is $ [Redacted].  Seller paid fees not listed on the borrowers Final CD, [Redacted]   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     8/XX/2018  4:40:49 PM 2 B 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992220           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Summaries Of Transactions - Seller Credit TILA-RESPA Integrated Disclosure - Summaries of Transactions: Final Closing Disclosure provided on  [Redacted] disclosed a Seller Credit that does not match the Seller Credit from the Calculating Cash to Close table.  [Redacted] Calculating Cash to Close section reflects Seller Credits as $0; Summaries of Transactions section reflects a Seller Credit of $4,050.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.
     8/XX/2018  4:40:59 PM 2 B 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992220           Compliance Compliance Federal Compliance 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 Risk. DTI exceeds program maximum.  Lender approved exception.   Reviewer Comment (2018-10-29): Lender approved exception - waived.
 8/XX/2018  12:17:24 PM     1 A 7/XX/2018 FL Primary Purchase Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
204992220           Compliance Compliance Federal Compliance 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 exceeds program maximum.  Lender approved exception.   Reviewer Comment (2018-10-29): Lender approved exception - waived.
 8/XX/2018  12:17:24 PM     1 A 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992220           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.  [Redacted] Initial CD dated  [Redacted] is not executed by borrower; calculated received date is  [Redacted] closing date is  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the initial CD dated  [Redacted] e-signed on  [Redacted]
 8/XX/2018  12:46:52 PM     1 A 7/XX/2018 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204992220           Credit Loan Package Documentation Application / Processing 1003 Error: First Time Home Buyer is blank.   Final [Redacted] reflects a discrepancy; shows borrower is a FTHB and also owns a current home. No public records.

Borrower has 2 open and 2 closed mortgages reporting no lates over the past 48 months (last late payment was 30 days 7/2014).

Borrower is self-employed and owns XXX for the last XXX years.

Credit score 746, 46 points > program requirement of 700.		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.


Buyer Comment (2018-10-29): For your review
     8/XX/2018  2:33:16 PM 2 B 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992221           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.       Reviewer Comment (2018-10-29): Seller provided the revised HOI with the mortgagee clause containing ISAOA.


Buyer Comment (2018-10-29): HOI corrected
 8/XX/2018  5:40:47 PM     1 A 7/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
204992221           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.51200% or Final Disclosure APR of 6.52200% is in excess of allowable threshold of APOR 4.61% + 1.5%, or 6.11000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     8/XX/2018  3:21:39 PM 1 A 7/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
204992221           Compliance Compliance Federal Compliance RESPA -  Initial Escrow Account statement Inaccurate RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. The Final CD reflects an Initial deposit of [Redacted], however, the Initial Escrow Account Disclosure reflects an Initial Deposit of [Redacted].   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.


Buyer Comment (2018-10-29): Please waive


Reviewer Comment (2018-10-29): No cure available.Exception remains


Buyer Comment (2018-10-29): PCCD and LOX uploaded
     8/XX/2018  11:00:10 AM 2 B 7/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM Yes
204992221           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 6.51200% or Final Disclosure APR of 6.52200% is in excess of allowable threshold of APOR 4.61% + 1.5%, or 6.11000%.  Compliant Higher Priced Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     8/XX/2018  3:22:01 PM 1 A 7/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
204992221           Credit Income / Employment Income Documentation Income Docs Missing: Borrower:  [Redacted] ___ Missing statements:  # [Redacted] [Redacted];  # [Redacted]  [Redacted];   Reviewer Comment (2018-10-29): income was not used for 9603, 4/[Redacted] and 12/[Redacted].


Buyer Comment (2018-10-29): See income Calc no income used
 8/XX/2018  1:46:19 PM     1 A 7/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
204992221           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Escrowed Property Costs over Year 1 of $XXX on Final Closing Disclosure provided on  [Redacted] not accurate.  [Redacted] Due to tax cert of 803.92 monthly and CD collection of 651.62   Reviewer Comment (2018-10-29): Seller provided the PCCD and LOX


Buyer Comment (2018-10-29): PCCD and LOX uploaded
   8/XX/2018  5:48:44 PM   2 B 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204992221           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/499076) Due to tax cert of 803.92 monthly and CD collection of 651.62   Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX and shipping label - proof of delviery


Reviewer Comment (2018-10-29): Tracking receipt only reflects PCCD sent to borrower and no receipt of LOX. Please provide evidence borrower received LOX. Exception remains.


Buyer Comment (2018-10-29): This is how we send PCCD and LOX to the borrower. (Redacted) has been clearing this with PCCD Tracking since day 1


Reviewer Comment (2018-10-29): Seller provided a PCCD, LOX and tracking internal via email however the tracking disclosure does not containing the receipt of the LOX only the PCCD. Exception remains.


Buyer Comment (2018-10-29): Taxes corrected see PCCD
   8/XX/2018  11:03:35 AM   2 B 7/XX/2018 CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
204992221           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Fixed Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on  [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/499076) Due to tax cert of 803.92 monthly and CD collection of 651.62   Reviewer Comment (2018-10-29): Seller provided the PCCD, LOX and shipping label - proof of delivery


Buyer Comment (2018-10-29): Label uploaded


Reviewer Comment (2018-10-29): Tracking receipt only reflects PCCD sent to borrower and no receipt of LOX. Please provide evidence borrower received LOX. Exception remains.


Reviewer Comment (2018-10-29): Seller provided a PCCD, LOX and tracking internal via email however the tracking disclosure does not containing the receipt of the LOX only the PCCD. Exception remains.


Buyer Comment (2018-10-29): PCCD, LOX and PCCD Tracking uploaded


Buyer Comment (2018-10-29): PCCD and LOX uploaded
   8/XX/2018  11:03:57 AM   2 B 7/XX/2018 CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
204992230           Credit Assets Asset Documentation Assets Error: Accounts are missing   Business asset statements (Account  [Redacted] provided do not reflect the financial institution's name address or contact information.   Reviewer Comment (2018-10-29): Seller provided the account statements with financial institutions name  [Redacted] stamped by teller #2 from  [Redacted] dated  [Redacted] for account  [Redacted]


Reviewer Comment (2018-10-29): Seller provided statements for account  [Redacted] however there is not financial institution names or contact information for the institution. Exception remains.


Reviewer Comment (2018-10-29): No statements for account  [Redacted] with financial institution name - provided. Exception remains.
 8/XX/2018  11:51:34 AM     1 A 7/XX/2018 AL Primary Purchase   C B C B C B A A Non QM Non QM No
204992230           Credit Assets Asset Documentation Missing Document: Asset Documentation not provided   Missing full access letter for joint account (w/non-borrower) - [Redacted].   Reviewer Comment (2018-10-29): Seller provided the full access letter from  [Redacted] for account  [Redacted] dated  [Redacted]


Buyer Comment (2018-10-29): Please disregard upload


Reviewer Comment (2018-10-29): Seller provided access letter for account  [Redacted] however account requiring access letter is  [Redacted] Exception remains.
 8/XX/2018  11:49:28 AM     1 A 7/XX/2018 AL Primary Purchase   C B C B C B A A Non QM Non QM No
204992230           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Lender approved exception for loan amount. Borrower has perfect credit history with never a late payment

35.89 months reserves > 6 months guideline minimum

Borrower has been self-employed with XXX for XXX years.

FICO Score is 759, 59 points> program requirement of 700.

DTI 4.062%  is less than program maximum of 38%.		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     8/XX/2018  10:22:40 AM 2 B 7/XX/2018 AL Primary Purchase   C B C B C B A A Non QM Non QM No
204992230           Credit Income / Employment Income Documentation Income Docs Missing: Borrower:  [Redacted] [Redacted] Income Worksheet (SP A) is missing from file for qualifying income calculation.   Reviewer Comment (2018-10-29): Seller provided the income calculation worksheet dated  [Redacted]
 8/XX/2018  10:03:50 AM     1 A 7/XX/2018 AL Primary Purchase   C B C B C B A A Non QM Non QM No
204992230           Compliance Compliance State Compliance Alabama Late Charge Percent and Amount Testing Note late charge exceeds maximum per state. Note late charge exceeds maximum per state. - For consumer credit transactions subject to the Mini-Code,x[x] when a payment is past due [Redacted] days or more, the lender can collect a late charge up to x% of the amount unpaid, or $[Redacted] on each late payment, whichever is greater, up to a maximum late charge of $[Redacted]. Only one late charge is allowed for any late payment.   Buyer Comment (2018-10-29): [Redacted] has elected to waive
     8/XX/2018  4:54:16 PM 2 B 7/XX/2018 AL Primary Purchase   C B C B C B A A Non QM Non QM No
204992230           Compliance Compliance Federal Compliance ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. ARM loan program disclosure not provided to the borrower.   Reviewer Comment (2018-10-29): Seller provided the ARM disclosure dated [Redacted].


Reviewer Comment (2018-10-29): Loan was fixed rate t time of application  [Redacted] loan was changed to ARM on  [Redacted] LE - No ARM disclosure provided. Exception remains.
 8/XX/2018  9:53:42 AM     1 A 7/XX/2018 AL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204992230           Compliance Compliance Federal Compliance 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 (2018-10-29): Seller provided the CHARM dated [Redacted].
 8/XX/2018  10:08:25 AM     1 A 7/XX/2018 AL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204992230           Compliance Compliance Federal Compliance 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 $XXX exceeds tolerance of $1,845.00.  Sufficient or excess cure was provided to the borrower at Closing. (8304) The CD issued on  [Redacted] increased the Transfer Tax without a valid change of circumstance.  A tolerance cure was provided.       8/XX/2018  3:55:36 PM   1 A 7/XX/2018 AL Primary Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
204992230           Credit Credit Miscellaneous Credit Exception:   Escrow holdback from seller of $2 [Redacted]vs program restriction of no escrow holdbacks - Lender approved Borrower has perfect credit history with never a late payment

35.89 months reserves > 6 months guideline minimum

Borrower has been self-employed with XXX for 2.55 years.

FICO Score is 759, 59 points> program requirement of 700.

DTI 4.062%  is less than program maximum of 38%.		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     8/XX/2018  10:22:53 AM 2 B 7/XX/2018 AL Primary Purchase   C B C B C B A A Non QM Non QM No
204992230           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Timing TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower within three (3) days of application. Application date  [Redacted] CHARM disclosure dated  [Redacted]   Reviewer Comment (2018-10-29): Loan was fixed rate t time of application [Redacted] loan was changed to ARM on [Redacted] LE disclosure provided  [Redacted]
 8/XX/2018  10:09:43 AM     1 A 7/XX/2018 AL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204992230           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. Application date  [Redacted] disclosure dated  [Redacted]   Reviewer Comment (2018-10-29): Loan was fixed rate t time of application [Redacted] loan was changed to ARM on [Redacted] LE -disclosure provided dated [Redacted].
 8/XX/2018  9:54:06 AM     1 A 7/XX/2018 AL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204992237           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage does not cover loan amount or [Redacted] of estimated cost new.   Reviewer Comment (2018-10-29): Seller provided the replacement cost estimator at  [Redacted]


Buyer Comment (2018-10-29): [Redacted] - Uploaded RCE
 8/XX/2018  12:43:07 PM     1 A 7/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992237           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan allows for Assumption.  [Redacted] The Final Closing Disclosure indicates the loan is not assumable, however, the Note contains verbiage confirming it is assumable.   Buyer Comment (2018-10-29): Waive
     8/XX/2018  12:15:53 PM 2 B 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204992237           Compliance Compliance Federal Compliance 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.  [Redacted] TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $ [Redacted], while closing CD seller's fees total $ [Redacted]   Buyer Comment (2018-10-29): Waive
     8/XX/2018  12:16:07 PM 2 B 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204992237           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.96490% or Final Disclosure APR of 6.96900% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     8/XX/2018  1:32:29 PM 1 A 7/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992237           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.  [Redacted] The initial CD was provided on  [Redacted] with no evidence of early receipt.  The borrower signed on  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the initial CD dated [Redacted].


Buyer Comment (2018-10-29): [Redacted] - uploaded Initial CD  [Redacted] esigned
 8/XX/2018  4:31:16 PM     1 A 7/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
204992237           Compliance Compliance Federal Compliance TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on  [Redacted] reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section.  [Redacted] The final CD disclosed the Credit Report Fee and the Processing Fee paid to the Broker in Section B.   Buyer Comment (2018-10-29): Waive
     8/XX/2018  12:16:22 PM 2 B 7/XX/2018 FL Primary Purchase Good Faith Redisclosure C B C A C B A A Non QM Non QM Yes
204992237           Compliance Compliance Federal Compliance 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 exceeds tolerance of $50.00.  Sufficient or excess cure was provided to the borrower at Closing. (7520) The CD issued on  [Redacted] increased the Credit Report Fee without a valid change of circumstance. A tolerance cure was provided for this increase.       8/XX/2018  12:34:17 PM   1 A 7/XX/2018 FL Primary Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
204992238           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date. Hazard Insurance Policy Effective Date ___, Transaction Date:  ___   Borrower is self-employed as XXX XXX XXX years and has been in same line of work for the past 22 years

20.24 months reserves > 3 months guideline minimum

13.17531% DTI on this ALT documentation loan < 38% guideline max - 24.82469% below program guideline maximum

747 representative FICO score > 700  guideline minimum - 47points above guideline minimum		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.


Buyer Comment (2018-10-29): Uploaded for you review
     8/XX/2018  1:57:39 PM 2 B 7/XX/2018 TX Primary Purchase   C B C B C B A A Non QM Non QM No
204992238           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.


Buyer Comment (2018-10-29): Please waive
     8/XX/2018  11:34:50 AM 2 B 7/XX/2018 TX Primary Purchase   C B C B C B A A Non QM Non QM No
204992238           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan allows for Assumption.  [Redacted] ARM loan with assumption clause disclosed as not assumable on the final CD.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.


Buyer Comment (2018-10-29): Please waive
     8/XX/2018  11:34:57 AM 2 B 7/XX/2018 TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992238           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on  [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit.  [Redacted] The final CD did not provide a tolerance cure for the increases to the Second Appraisal Fee and the Survey Fee.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.


Buyer Comment (2018-10-29): Please waive
     8/XX/2018  11:35:03 AM 2 B 7/XX/2018 TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992238           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.  [Redacted] Initial CD issued  [Redacted] with no evidence of early receipt with closing date of  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the initial CD dated  [Redacted] e-signed on  [Redacted]


Buyer Comment (2018-10-29): Uploaded for review
 8/XX/2018  11:36:57 AM     1 A 7/XX/2018 TX Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204992238           Compliance Compliance Federal Compliance 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.  [Redacted] TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $ [Redacted], while closing CD seller's fees total $126.00   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.


Buyer Comment (2018-10-29): Please waive
     8/XX/2018  11:35:12 AM 2 B 7/XX/2018 TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992238           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $XXX exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7507) The Second Appraisal fee was added to the LE issued on  [Redacted] without a valid change of circumstance.   Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and proof of delviery


Reviewer Comment (2018-10-29): Seller provided the PCCD, refund 1046.13, LOX. Missing proof of delivery. Exception remains.


Buyer Comment (2018-10-29): Uploaded for your review.
   8/XX/2018  10:34:46 AM   2 B 7/XX/2018 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 B C B A A Non QM Non QM Yes
204992238           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of $XXX exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7723) The Survey Fee was added to the CD issued on  [Redacted] without a valid change of circumstance.   Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and proof of delivery


Buyer Comment (2018-10-29): Uploaded for your review


Reviewer Comment (2018-10-29): Seller provided the PCCD, refund 1046.13, LOX. Missing proof of delivery. Exception remains.


Buyer Comment (2018-10-29): Uploaded For your review.
   8/XX/2018  10:34:57 AM   2 B 7/XX/2018 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 B C B A A Non QM Non QM Yes
204992238           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.83530% or Final Disclosure APR of 6.84700% is in excess of allowable threshold of APOR 4.68% + 1.5%, or 6.18000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     8/XX/2018  1:34:29 PM 1 A 7/XX/2018 TX Primary Purchase   C B C B C B A A Non QM Non QM No
204992241           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.31480% or Final Disclosure APR of 7.31900% is in excess of allowable threshold of APOR 4.68% + 1.5%, or 6.18000%.  Compliant Higher Priced Mortgage Loan. Disclosure reflects APR as [Redacted]; calculated is [Redacted]%; threshold is [Redacted].   Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     8/XX/2018  12:56:13 PM 1 A 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992241           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2018-10-29): please waive
     8/XX/2018  1:17:56 PM 2 B 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992241           Compliance Compliance Federal Compliance 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.  [Redacted] Seller paid fees on the buyers Closing Disclosure is $ [Redacted]; seller paid fees on the sellers Closing Disclosure is $ [Redacted].  Seller paid fees not listed on the borrowers Final CD [Redacted]   Buyer Comment (2018-10-29): please waive
     8/XX/2018  1:18:04 PM 2 B 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992241           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.     Buyer Comment (2018-10-29): please waive
     8/XX/2018  1:18:13 PM 2 B 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992241           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   Copy of fully executed Initial 1003 not provided in file.   Buyer Comment (2018-10-29): please waive
     8/XX/2018  1:17:43 PM 2 B 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992241           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. DTI is [Redacted] vs program maximum of [Redacted] for LTV of [Redacted]; Lender approved exception in file. Borrower has been self-employed as XXX for the past 2 years with XXX years in the same line of work.

Credit Score is 706, 6 points > program requirement of 700.		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
     8/XX/2018  12:58:13 PM 2 B 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992241           Compliance Compliance Federal Compliance 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 Risk. Due to DTI exceeding guidelines; Lender approved exception in file.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
 8/XX/2018  12:59:07 PM     1 A 7/XX/2018 FL Primary Purchase Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
204992241           Compliance Compliance Federal Compliance 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. Due to DTI exceeding guidelines; Lender approved exception in file.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
 8/XX/2018  12:59:07 PM     1 A 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992242           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.       Reviewer Comment (2018-10-29): Seller provided the HOI policy with mortgagee clause containing ISAOA dated  [Redacted]
 9/XX/2018  12:00:57 PM     1 A 7/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992242           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.09140% or Final Disclosure APR of 7.09300% is in excess of allowable threshold of APOR 4.51% + 1.5%, or 6.01000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     8/XX/2018  10:26:41 AM 1 A 7/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992242           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2018-10-29): Waive
     8/XX/2018  12:36:36 PM 2 B 7/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992242           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan allows for Assumption.  [Redacted] Note reflects assumption is allowed yet final CD indicates does not allow.   Buyer Comment (2018-10-29): Waive
     8/XX/2018  12:36:47 PM 2 B 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204992242           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on  [Redacted] disclosed a Closing Date that did not match the actual date of consummation.  [Redacted] Final CD reflects closing date of  [Redacted] and disbursement date of  [Redacted] yet loan closed on  [Redacted] based on the Notary attestation.  Please provide a Post Consummation CD correcting the closing date.   Buyer Comment (2018-10-29): Waive
     8/XX/2018  12:36:54 PM 2 B 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204992242           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.  [Redacted] Initial CD dated  [Redacted] is only 4 business days prior to consummation date of  [Redacted] vs. a requirement of 6 days  [Redacted] the received date of  [Redacted] is less than 3 days prior to closing (7/XX/18)   Reviewer Comment (2018-10-29): Seller provided the  [Redacted] CD e-signed on  [Redacted]


Buyer Comment (2018-10-29): Uploaded CD  [Redacted] esigned


Buyer Comment (2018-10-29): [Redacted] - Uploaded initial CD  [Redacted] esigned  [Redacted]
 8/XX/2018  2:04:20 PM     1 A 7/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
204992242           Credit Credit Miscellaneous Installment debt prior to closing, not on original credit and still open at the time of closing   Departure residence was sold and proceeds deposited into borrower's account yet copy of CD for sale confirming mortgages were paid in full and that borrower no longer owns the property were not provided in the loan file.   Reviewer Comment (2018-10-29): Seller provided copy of the ALTA signed and dated  [Redacted] for the sale if the departure residence.


Buyer Comment (2018-10-29): [Redacted] - Uploaded Sale of Home. Reflects proceeds from sale
 8/XX/2018  2:06:08 PM     1 A 7/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992242           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Lender credit of [Redacted] on final CD covers [Redacted] increase in Endorsement fees.       8/XX/2018  8:29:57 PM   1 A 7/XX/2018 FL Primary Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
204992242           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy.   The Lender used [Redacted] of the deposits and did not apply a [Redacted] expense factor to the deposits; there was not a letter in file from the CPA confirming a lower expense factor.   Reviewer Comment (2018-10-29): After inclusion of (REDACTED) income DTI is within line and <xx%


Buyer Comment (2018-10-29): Per the calculator average deposits for 12 months is  [Redacted] (this is 50% of deposits and the income reflected on the 1003 for the Cash self employed income based on bank Statements
 8/XX/2018  5:15:39 PM     1 A 7/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992242           Compliance Compliance Federal Compliance 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 Risk. The DTI exceeds guidelines after applying the required [Redacted] expense factor.   Reviewer Comment (2018-10-29): After inclusion of (REDACTED) income DTI is within line and <xx%


Buyer Comment (2018-10-29): Attached calculator supports income avg deposits xxx% borrower is xxx% XXX company.
 8/XX/2018  5:16:40 PM     1 A 7/XX/2018 FL Primary Purchase Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM Yes
204992242           Compliance Compliance Federal Compliance 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. The DTI exceeds guidelines after applying the required [Redacted] expense factor.   Reviewer Comment (2018-10-29): After inclusion of (REDACTED) income DTI is within line and <xx%


Buyer Comment (2018-10-29): Attached calculator is correct, dti is correct.
 8/XX/2018  5:16:40 PM     1 A 7/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992243           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		     Buyer Comment (2018-10-29): Waived due to Exception approval.
     8/XX/2018  4:37:44 PM 2 B 7/XX/2018 CA Primary Purchase   C B B B C B A A Non QM Non QM No
204992243           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on  [Redacted] disclosed a Closing Date that did not match the actual date of consummation.  [Redacted] Consummation date is  [Redacted] yet final CD reflects closing date of  [Redacted]   Buyer Comment (2018-10-29): Waived, Level 2
     8/XX/2018  5:39:15 PM 2 B 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B B B C B A A Non QM Non QM Yes
204992243           Compliance Compliance Federal Compliance 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.)  [Redacted] Borrower's CD did not reflect any seller paid fees.  Seller CD did not reflect any paid fees.   Reviewer Comment (2018-10-29): Purchase contract states buyer to pay all closing costs - seller CD did not reflect any Seller paid fees nor did the borrowers.
 8/XX/2018  11:55:51 AM     1 A 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B B B C B A A Non QM Non QM Yes
204992243           Compliance Compliance Federal Compliance 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 $XXX on Final Closing Disclosure provided on  [Redacted] not accurate.  [Redacted] HOA dues are $181 per month.  $181 x 12 is $2,172 vs. CD amount of $1,991 which equals only 11 months.   Reviewer Comment (2018-10-29): Seller provided the PCCD and LOX with page x as xxxx.xx as non-escrowed property costs year x.
   8/XX/2018  10:19:08 AM   2 B 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B B B C B A A Non QM Non QM Yes
204992243           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.  [Redacted] Only 1 CD in file dated  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the initial CD dated  [Redacted]


Buyer Comment (2018-10-29): Uploaded for review


Reviewer Comment (2018-10-29): Seller provided a earlier CD dated [Redacted] incorrect borrower and property. Exception remains.
 8/XX/2018  10:14:33 AM     1 A 7/XX/2018 CA Primary Purchase No Defined Cure C B B B C B A A Non QM Non QM No
204992245           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: E [Redacted] ___ Missing bank statements for  [Redacted].   Reviewer Comment (2018-10-29): Seller provided the  [Redacted] and  [Redacted] statements.


Reviewer Comment (2018-10-29): Seller provided the  [Redacted] and [Redacted] statements, missing the  [Redacted] statements. Exception remains.
 8/XX/2018  11:57:36 AM     1 A 7/XX/2018 WA Primary Purchase   C B C A C B A A Non QM Non QM No
204992245           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.45650% or Final Disclosure APR of 7.45800% is in excess of allowable threshold of APOR 4.56% + 1.5%, or 6.06000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): Seller provided the initial LE dated  [Redacted]
 8/XX/2018  11:13:18 AM     1 A 7/XX/2018 WA Primary Purchase   C B C A C B A A Non QM Non QM No
204992245           Compliance Compliance Federal Compliance 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 three (3) business days of application.     Reviewer Comment (2018-10-29): Seller provided the affiliated business disclosure dated  [Redacted]
 8/XX/2018  11:17:04 AM     1 A 7/XX/2018 WA Primary Purchase   C B C A C B A A Non QM Non QM No
204992245           Compliance Compliance Federal Compliance 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.     Buyer Comment (2018-10-29): [Redacted] has elected to waive
     8/XX/2018  10:22:16 AM 2 B 7/XX/2018 WA Primary Purchase   C B C A C B A A Non QM Non QM No
204992245           Compliance Compliance State Compliance Washington Residential Mortgage Loan (Disclosure of Material Terms Not Provided) Washington HB 2770: Mortgage loan file does not contain a disclosure summary of all material terms provided to borrower.     Buyer Comment (2018-10-29): [Redacted] has elected to waive
     8/XX/2018  1:10:23 PM 2 B 7/XX/2018 WA Primary Purchase   C B C A C B A A Non QM Non QM No
204992245           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.  [Redacted] Initial CD was provided on the same day as closing.   Reviewer Comment (2018-10-29): Seller provided the initial CD dated  [Redacted]
 8/XX/2018  11:24:24 AM     1 A 7/XX/2018 WA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
204992245           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $ [Redacted] may be required. Loan Estimate not provided.   Reviewer Comment (2018-10-29): Seller provided the initial LE dated  [Redacted]
 8/XX/2018  11:13:18 AM     1 A 7/XX/2018 WA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
204992245           Compliance Compliance Federal Compliance 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.  [Redacted] The Borrowers CD did not disclose the seller paid fees.  All Seller paid fees have been added to the Final CD for testing.   Buyer Comment (2018-10-29): [Redacted] has elected to waive
     8/XX/2018  10:23:47 AM 2 B 7/XX/2018 WA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204992245           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Appraisal disclosure or LE were not provided.   Buyer Comment (2018-10-29): [Redacted] has elected to waive
     8/XX/2018  10:24:05 AM 2 B 7/XX/2018 WA Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM Yes
204992245           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - HPML Status HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Appraisal disclosure or LE were not provided.   Buyer Comment (2018-10-29): [Redacted] has elected to waive
     8/XX/2018  10:24:14 AM 2 B 7/XX/2018 WA Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM Yes
204992245           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Servicing disclosure or LE were not provided.   Buyer Comment (2018-10-29): [Redacted] has elected to waive
     8/XX/2018  10:24:33 AM 2 B 7/XX/2018 WA Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM Yes
204992245           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Unable to locate evidence that the Home Loan Toolkit was provided to the borrowers.   Reviewer Comment (2018-10-29): Seller provided the home loan toolkit dated  [Redacted]
 8/XX/2018  11:17:04 AM     1 A 7/XX/2018 WA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
204992245           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.45650% or Final Disclosure APR of 7.45800% is in excess of allowable threshold of APOR 4.56% + 1.5%, or 6.06000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     8/XX/2018  11:13:46 AM 1 A 7/XX/2018 WA Primary Purchase   C B C A C B A A Non QM Non QM No
204992245           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Missing the SSPL   Buyer Comment (2018-10-29): Waive
     8/XX/2018  4:20:59 PM 2 B 7/XX/2018 WA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
204992257           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Evidence of disclosure not provided in file.   Reviewer Comment (2018-10-29): Seller provided the broker fee agreement  dated  [Redacted]


Buyer Comment (2018-10-29): Broker Fee agreement
 8/XX/2018  12:49:51 PM     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992257           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan allows for Assumption.  [Redacted] Disclosure reflects loan "Will Not" allow assumption; note has assumption verbiage.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.


Buyer Comment (2018-10-29): Please waive
     8/XX/2018  12:44:00 PM 2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204992257           Compliance Compliance Federal Compliance 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.  [Redacted] Seller paid fees on the buyers Closing Disclosure is $ [Redacted]; seller paid fees on the sellers Closing Disclosure is $ [Redacted].  Seller paid fees not listed on the borrowers Final CD [Redacted]   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.


Buyer Comment (2018-10-29): Please waive
     8/XX/2018  12:44:08 PM 1 A 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204992257           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on  [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit.  [Redacted] Cure for various 0% tolerance violations $40 was not provided.   Reviewer Comment (2018-10-29): Seller provided the PCCD, refund xx.xx, LOX and shipping label.


Buyer Comment (2018-10-29): PCCD, LOX, Refund and label
   8/XX/2018  5:07:58 PM   2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204992257           Compliance Compliance Federal Compliance 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 disclosed as $ [Redacted] on the LE dated  [Redacted]; but disclosed as $ [Redacted] on the Final Closing Disclosure.   Reviewer Comment (2018-10-29): Seller provided the PCCD, refund xx.xx, LOX and shipping label.


Buyer Comment (2018-10-29): PCCD,LOX,Refund and label
   8/XX/2018  5:07:50 PM   2 B 8/XX/2018 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
204992257           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.03630% or Final Disclosure APR of 7.08700% is in excess of allowable threshold of APOR 4.73% + 1.5%, or 6.23000%.  Compliant Higher Priced Mortgage Loan. Disclosure reflects APR as [Redacted]; calculated is [Redacted]%; threshold is [Redacted].   Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     8/XX/2018  9:48:36 AM 1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992257           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.  [Redacted] Initial / Final CD dated  [Redacted] was executed on  [Redacted] closing date is  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the  [Redacted] initial CD.


Buyer Comment (2018-10-29): CD  [Redacted]


Reviewer Comment (2018-10-29): Seller provided the initial CD tracking disclosure for the CD dated  [Redacted] however this CD is not in the loan PDF package please provide the  [Redacted] CD. Exception remains.


Buyer Comment (2018-10-29): Broker Fee agreement, CD Tracking
 8/XX/2018  6:52:30 PM     1 A 8/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
204992257           Credit Credit Miscellaneous Credit Exception:   Per guidelines Section x.x; Final [Redacted] must reflect in the "Other Income Section", "Cash Self Employment income Based on Bank Statement Analysis"; [Redacted] in file reflects "Average, adjusted cash income based on business bank statements".   Reviewer Comment (2018-10-29): Seller provided the corrected final xxxx signed by the borrower.


Buyer Comment (2018-10-29): xxxx signed


Reviewer Comment (2018-10-29): Seller provided the final xxxx with income listed as Cash Self Employment Based on Bank Statement Analysis - missing signed copy by borrower. Exception remains.


Buyer Comment (2018-10-29): Broker Fee agreement, CD Tracking, xxxx corrected
 9/XX/2018  11:39:41 AM     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992257           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   Initial 1003 fully executed by borrower not in file.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.


Buyer Comment (2018-10-29): Please waive
     8/XX/2018  12:44:19 PM 2 B 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992258           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.48090% or Final Disclosure APR of 7.54100% is in excess of allowable threshold of APOR 4.68% + 1.5%, or 6.18000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     8/XX/2018  11:06:53 AM 1 A 8/XX/2018 MD Primary Purchase   C B A B C B A A Non QM Non QM No
204992258           Compliance Compliance State Compliance (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) Maryland Higher-Priced Mortgage Loan:  Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for.     Buyer Comment (2018-10-29): please waive


Reviewer Comment (2018-10-29): PCCD and LOX do not cure exception - exception remains for MD DPML Disclosure


Buyer Comment (2018-10-29): Documentation provided, PCCD, LOX, CHECK UPS LABEL cured all other exceptions, loan is no longer non compliant
     8/XX/2018  11:29:24 AM 2 B 8/XX/2018 MD Primary Purchase   C B A B C B A A Non QM Non QM No
204992258           Compliance Compliance State Compliance Maryland HPML Threshold Test Non-Compliant Maryland 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]% + 1.5%, or [Redacted]%.  Non-Compliant Higher Priced Loan.     Buyer Comment (2018-10-29): please waive


Reviewer Comment (2018-10-29): Loan is non compliant for APR EVx - exception remains


Buyer Comment (2018-10-29): Documentation provided, PCCD, LOX, CHECK UPS LABEL cured all other exceptions, loan is no longer non compliant
     8/XX/2018  11:29:45 AM 2 B 8/XX/2018 MD Primary Purchase   C B A B C B A A Non QM Non QM No
204992258           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan allows for Assumption.  [Redacted] Assumable ARM loan but final CD shows not assumable.   Reviewer Comment (2018-10-29): Seller provided the PCCD and LOX


Buyer Comment (2018-10-29): Please see UPS LABEL, PCCD LOX
   8/XX/2018  5:57:16 PM   2 B 8/XX/2018 MD Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A B C B A A Non QM Non QM Yes
204992258           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on  [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit.  [Redacted] Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing   Reviewer Comment (2018-10-29): Seller provided the corrected PCCD, LOX, refund and shipping label received on  [Redacted]


Buyer Comment (2018-10-29): please see PCCD 2, LOX 2, UPS LABEL 2


Reviewer Comment (2018-10-29): Seller provided  the PCCD, refund, LOX and shipping label however the PCCD is missing the tolerance cure on page 3 in the calculating cash to close section for -199.00. Exception remains


Buyer Comment (2018-10-29): Please see UPS LABEL, CHECK, PCCD LOX
   9/XX/2018  1:10:27 PM   2 B 8/XX/2018 MD Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A B C B A A Non QM Non QM Yes
204992258           Compliance Compliance Federal Compliance TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on  [Redacted] reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section.  [Redacted] Both the admin fee and processing fee on Section B of final CD shows payee as Broker.   Buyer Comment (2018-10-29): please waive


Buyer Comment (2018-10-29): please see PCCD 2, LOX 2, UPS LABEL 2


Reviewer Comment (2018-10-29): Exception remains as fees remain as paid to Broker.
     9/XX/2018  2:01:23 PM 2 B 8/XX/2018 MD Primary Purchase Good Faith Redisclosure C B A B C B A A Non QM Non QM Yes
204992258           Compliance Compliance Federal Compliance 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. (Final/XX/XX/2018) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $ [Redacted], while closing CD seller's fees total $0.00   Reviewer Comment (2018-10-29): Seller provided the PCCD and LOX


Buyer Comment (2018-10-29): Please see UPS LABEL, CHECK, PCCD LOX
   8/XX/2018  5:57:33 PM   2 B 8/XX/2018 MD Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A B C B A A Non QM Non QM Yes
204992258           Compliance Compliance Federal Compliance 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. Zero Percent Fee Tolerance exceeded for Title - Abstract / Title Search.  Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Missing proof of valid change,   insufficient or no cure was provided to the borrower.   Reviewer Comment (2018-10-29): Seller provided the corrected PCCD, LOX, refund and shipping label received on  [Redacted]


Buyer Comment (2018-10-29): please see PCCD x, LOX x, UPS LABEL x


Reviewer Comment (2018-10-29): Seller provided  the PCCD, refund, LOX and shipping label however the PCCD is missing the tolerance cure on page x in the calculating cash to close section for -xxx.xx. Exception remains


Buyer Comment (2018-10-29): Please see UPS LABEL, CHECK, PCCD LOX
   9/XX/2018  1:10:13 PM   2 B 8/XX/2018 MD Primary Purchase 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
204992258           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Lender approved No public records

Borrower has been self employed XXX XXX for the past XXX years and in the profession for the past 12 years

8.82 months reserves > 3 months guideline minimum

Credit score 709, 9 points > program requirement of 700		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
     9/XX/2018  3:51:57 PM 2 B 8/XX/2018 MD Primary Purchase   C B A B C B A A Non QM Non QM No
204992270           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2018-10-29): Seller provided the approval dated  [Redacted] with a DTI of 34.814%.


Buyer Comment (2018-10-29): uploaded approval
 8/XX/2018  1:05:15 PM     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992270           Credit Income / Employment Income Documentation Income Docs Missing: Borrower:  [Redacted] Loan program guidelines require the use of the  [Redacted] to calculate income, however, it is missing from loan file.   Reviewer Comment (2018-10-29): Seller provided the income calculator worksheet for the SPAx loan program


Buyer Comment (2018-10-29): Uploaded income calc
 8/XX/2018  1:07:14 PM     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992270           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   The Lender's Initial 1003 is missing from file, however, the Creditor Application Date was disclosed on the Final [Redacted].   Buyer Comment (2018-10-29): Waive
     8/XX/2018  5:03:42 PM 2 B 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992270           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.46180% or Final Disclosure APR of 7.52300% is in excess of allowable threshold of APOR 4.57% + 2.5%, or 7.07000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): Seller provided the LE dated  [Redacted]
 8/XX/2018  11:29:01 AM     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992270           Compliance Compliance Federal Compliance 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 three (3) business days of application.     Buyer Comment (2018-10-29): [Redacted] has elected to waive
     8/XX/2018  12:10:50 PM 2 B 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992270           Compliance Compliance Federal Compliance 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 (2018-10-29): Seller provided the homeownership counseling list dated [Redacted]
 8/XX/2018  2:42:07 PM     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992270           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.  [Redacted] The CD was provided on the same day as  closing, missing proof of prior disclosure   Reviewer Comment (2018-10-29): Seller provided the initial CD dated [Redacted].
 8/XX/2018  2:34:30 PM     1 A 8/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
204992270           Compliance Compliance Federal Compliance 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.  [Redacted] TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $ [Redacted], while closing CD seller's fees total $0.00   Buyer Comment (2018-10-29): [Redacted] has elected to waive
     8/XX/2018  12:14:14 PM 2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204992270           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application.     Reviewer Comment (2018-10-29): Seller provided the ARM disclosure dated [Redacted]
 8/XX/2018  2:42:07 PM     1 A 8/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
204992270           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. The Appraisal Disclosure or the LE were not provided.   Buyer Comment (2018-10-29): [Redacted] has elected to waive
     8/XX/2018  12:15:12 PM 2 B 8/XX/2018 FL Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM Yes
204992270           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - HPML Status HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. The Appraisal Disclosure or the LE were not provided.   Buyer Comment (2018-10-29): [Redacted] has elected to waive
     8/XX/2018  12:15:35 PM 2 B 8/XX/2018 FL Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM Yes
204992270           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. The Servicing Disclosure or the LE were not provided.   Reviewer Comment (2018-10-29): Seller provided the LE dated [Redacted].


Reviewer Comment (2018-10-29): No LE was provided please provided the LE. Exception remains
 8/XX/2018  11:29:01 AM     1 A 8/XX/2018 FL Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM Yes
204992270           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Evidence that the Home Loan Toolkit was provided to the borrower was not provided.   Reviewer Comment (2018-10-29): Seller provided the home loan toolkit dated [Redacted]
 8/XX/2018  2:42:07 PM     1 A 8/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
204992270           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $ [Redacted] may be required. The LE was not provided.   Reviewer Comment (2018-10-29): Seller provided the LE dated [Redacted].


Reviewer Comment (2018-10-29): No LE was provided please provided the LE. Exception remains
 8/XX/2018  11:29:01 AM     1 A 8/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
204992270           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.46180% or Final Disclosure APR of 7.52300% is in excess of allowable threshold of APOR 4.73% + 2.5%, or 7.23000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans
     8/XX/2018  11:35:40 AM 1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992275           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.   Lender name and address only, ISAOA is missing.   Reviewer Comment (2018-10-29): Seller provided the revised HOI with the Mortgagee and ISAOA dated  [Redacted]
 8/XX/2018  1:27:01 PM     1 A 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992275           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.17700% or Final Disclosure APR of 7.23800% is in excess of allowable threshold of APOR 4.73% + 2.5%, or 7.23000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     8/XX/2018  9:35:58 AM 1 A 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992275           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2018-10-29): waive
     8/XX/2018  11:38:22 AM 2 B 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992275           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $xxx.xx plus 10% or $xxx.xx.  Sufficient or excess cure was provided to the borrower at Closing. (0) Cure provided at closing.       8/XX/2018  2:52:20 PM   1 A 8/XX/2018 FL Primary Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
204992275           Compliance Compliance Federal Compliance 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. Cure provided at closing.       8/XX/2018  2:52:20 PM   1 A 8/XX/2018 FL Primary Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
204992275           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.  [Redacted] Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2018-10-29): Seller provided the initial CD dated  [Redacted]


Buyer Comment (2018-10-29): Uploaded CD esigned  [Redacted]
 8/XX/2018  12:51:29 PM     1 A 8/XX/2018 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204992275           Compliance Compliance Federal Compliance 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.  [Redacted] TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure. Seller's CD shows $ [Redacted] in seller paid closing costs, borrower's final CD shows $0.   Buyer Comment (2018-10-29): waive
     8/XX/2018  11:44:53 AM 2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992275           Compliance Compliance Federal Compliance TIL Higher Priced Mortgage Loan Safe Harbor TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. Lender on appraisal differs from primary lender   Reviewer Comment (2018-10-29): Seller provided the appraisal transfer letter from XXX to  [Redacted] dated  [Redacted]


Buyer Comment (2018-10-29): uploaded appraisal transfer letter
 8/XX/2018  12:53:28 PM     1 A 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992275           Credit Credit Miscellaneous Credit Exception:   Lender approved exception to not require a CPA letter stating the withdrawal of business funds will not negatively impact the business. Borrower has been self-employed as XXX

Borrower has had no credit late payments in the past 60 months (since 6/2013).

FICO of 726 > program requirement of 700		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
     8/XX/2018  9:45:05 AM 2 B 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992275           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Lender exception in file for DTI exception at 41.559% vs program maximum of 38%. Please provide a corrected exception at 44.43311%.44.43311 DTI based on negative REO 3898.83 and credit debt of 1872.00 - lender s transmittal reflects a DTI of 45.356% and approval dated  [Redacted] 43.265. Borrower has been self-employed as XXX

Borrower has had no credit late payments in the past 60 months (since 6/2013).

FICO of 726 > program requirement of 700		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.


Buyer Comment (2018-10-29): All properties except one have mortgage statements showing escrowed tax and insurance.  The only one that does not is the vacating primary.  The PITI has been documented on this file.   There is an updated credit report in the file showing current mortgages.  The one with XXX was paid off in XXX, see credit report dated  [Redacted]


Reviewer Comment (2018-10-29): Lender exception is for xx.xxx% DTI however DTI is xx.xxxxx% based on REO negative of xxxx.xx Lender is using xxxx please provide evidence of the xxxx or updated Lender exception for xx.xxxxx%. Exception remains
     9/XX/2018  10:49:04 AM 2 B 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992275           Compliance Compliance Federal Compliance 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 Risk. Lender exception in file for DTI exception at 41.559% vs program maximum of 38%. Please provide a corrected exception at 44.43311%. 44.43311 DTI based on negative REO 3898.83 and credit debt of 1872.00 - lender s transmittal reflects a DTI of 45.356% and approval dated  [Redacted] 43.265.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.


Buyer Comment (2018-10-29): Uploaded Exception. All properties except one have mortgage statements showing escrowed tax and insurance.  The only one that does not is the vacating primary.  The PITI has been documented on this file.   There is an updated credit report in the file showing current mortgages.  The one with XXX was paid off in XXX, see credit report dated  [Redacted]


Reviewer Comment (2018-10-29): Lender exception is for xx.xxx% DTI however DTI is xx.xxxxx% based on REO negative of xxxx.xx Lender is using xxxx please provide evidence of the xxxx or updated Lender exception for xx.xxxxx%. Exception remains


Buyer Comment (2018-10-29): uploaded 1008 and approval
 9/XX/2018  11:12:50 AM     1 A 8/XX/2018 FL Primary Purchase Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
204992275           Compliance Compliance Federal Compliance 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. Lender exception in file for DTI exception at 41.559% vs program maximum of 38%. Please provide a corrected exception at 44.43311%. 44.43311 DTI based on negative REO 3898.83 and credit debt of 1872.00 - lender s transmittal reflects a DTI of 45.356% and approval dated  [Redacted] 43.265.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.


Buyer Comment (2018-10-29): Uploaded Exception. All properties except one have mortgage statements showing escrowed tax and insurance.  The only one that does not is the vacating primary.  The PITI has been documented on this file.   There is an updated credit report in the file showing current mortgages.  The one with 1st National was paid off in June, see credit report dated  [Redacted]


Reviewer Comment (2018-10-29): Lender exception is for xx.xxx% DTI however DTI is xx.xxxxx% based on REO negative of xxxx.xx Lender is using xxxx please provide evidence of the xxxx or updated Lender exception for xx.xxxxx%. Exception remains


Buyer Comment (2018-10-29): uploaded 1008 and approval
 9/XX/2018  11:12:50 AM     1 A 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992282           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2018-10-29): Seller provided the approval dated (Redacted) with a xx.xxx% DTI.


Buyer Comment (2018-10-29): approval uploaded
 8/XX/2018  10:28:26 AM     1 A 8/XX/2018 AZ Primary Refinance - Cash-out - Other   C B C B C B C A Non QM Non QM No
204992282           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] did not disclose number of months for homeowner's insurance under Prepaids. (Final/[Redacted]) The number of months is blank in Section F/Prepaids of the final CD.   Buyer Comment (2018-10-29): Waive
     8/XX/2018  3:02:38 PM 2 B 8/XX/2018 AZ Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B C A Non QM Non QM Yes
204992282           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; borrower signed on [Redacted].   Reviewer Comment (2018-10-29): Seller provided the (Redacted) CD e-signed on (Redacted).


Buyer Comment (2018-10-29): x/xx - Uploaded CD esigned (Redacted)
 8/XX/2018  10:27:14 AM     1 A 8/XX/2018 AZ Primary Refinance - Cash-out - Other No Defined Cure C B C B C B C A Non QM Non QM No
204992282           Credit Credit Miscellaneous Ownership status does not match ownership status provided in UW file   Borrower not in title to property more than 90 days prior to application date.  Lender approved exception.  Per exception document, borrower has owned and lived in subject property since XX/2016 but warranty deed was never recorded. Borrower has self-employed job stability for XXX years as XXX

Guideline variance approved by lender at time of origination.  
Borrower has perfect mortgage history.

Credit score of 746 is 26 points above program requirement of 720.

42.98 months reserves > 3 months guideline minimum

32.68673% DTI on this Bank Statement documentation loan < 50.00% guideline max - 17.31327% below program guideline maximum.

LTV of 75% is 5% below program maximum of 80%.		 Reviewer Comment (2018-10-29): (Redacted) has elected to waive this exception based on compensating factors.
     8/XX/2018  9:55:49 AM 2 B 8/XX/2018 AZ Primary Refinance - Cash-out - Other   C B C B C B C A Non QM Non QM No
204992282           Property Property - Appraisal General Appraisal Requirements Valuation Exception:   The Appraisal includes a red flag - a notation that appears to indicate a specific value was being sought.  Next to the photo of the Subject Front there is a comment "$[Redacted] needed".  The CDA provided confirmed the value.   Reviewer Comment (2018-10-29): Seller provided an revised appraisal by the appraisal without the comment next to the information regarding the subject front photo


Buyer Comment (2018-10-29): uploaded appraisal update
 8/XX/2018  2:00:20 PM     1 A 8/XX/2018 AZ Primary Refinance - Cash-out - Other   C B C B C B C A Non QM Non QM No
204992282           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage of [Redacted] plus additional of [Redacted] is less than the Estimated cost to rebuild from the appraisal.  Please provide either a cost to reconstruct from the Insurance company or EOI reflecting sufficient coverage for the property.   Reviewer Comment (2018-10-29): Seller provided the RCE with an amount of xxx,xxx


Buyer Comment (2018-10-29): uploaded RCE that reflects the replacement cost. HOI is sufficient
 8/XX/2018  1:58:34 PM     1 A 8/XX/2018 AZ Primary Refinance - Cash-out - Other   C B C B C B C A Non QM Non QM No
204992282           Credit Credit Credit Eligibility There are red flags on the fraud report that have not been addressed Credit Report: Original // Borrower: Borrower: [Redacted] Borrower documentation in file does not match property address per Fraud report possible occupancy issue; drivers license and bank statements all are listed in other address than subject.   Reviewer Comment (2018-10-29): Seller provided a LOX from borrower regarding the borrowers mailing address dated x/xx/xxxx.


Buyer Comment (2018-10-29): Uploaded LOE. Googled all other address and they are businesses
 8/XX/2018  2:01:08 PM     1 A 8/XX/2018 AZ Primary Refinance - Cash-out - Other   C B C B C B C A Non QM Non QM No
204992283           Credit Income / Employment Income Documentation Income Docs Missing: Borrower:  [Redacted] ___ Missing business bank statements for  [Redacted] through  [Redacted] used the Lender's worksheet to determine income. Subject to re-calculation.   Reviewer Comment (2018-10-29): Seller provided the  [Redacted]  [Redacted] statements.
 8/XX/2018  1:24:07 PM     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992283           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation disclosure was not provided.   Buyer Comment (2018-10-29): waive
     8/XX/2018  12:16:18 PM 2 B 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992283           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on  [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit.  [Redacted] Total Closing Costs exceeded the legal limit by $800.00. Provide a Post-Close CD reflecting the Lender Credit of $800.00 for the Total Closing Cost exceeding the legal limit, a copy of the letter of explanation to the borrower disclosing the changes made, and proof cure in the amount of $800.00 was provided to borrower.   Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label


Buyer Comment (2018-10-29): Uploaded PCCD, lox, check and tracking
   8/XX/2018  1:50:43 PM   2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204992283           Compliance Compliance Federal Compliance 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.  [Redacted] Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure. Seller's CD reflects $ [Redacted]in seller fees paid at closing. Borrower's final CD reflects $0.00 seller paid fees at closing.
Provide a Post-Close CD reflecting the corrections and a copy of the letter of explanation to the borrower disclosing the changes made.		   Reviewer Comment (2018-10-29): Seller provided the PCCD and LOX


Buyer Comment (2018-10-29): Uploaded PCCD, lox, check and tracking
   8/XX/2018  1:52:35 PM   2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204992283           Compliance Compliance Federal Compliance 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. Initial Loan Estimate disclosed an Appraisal Fee of [Redacted]. Final CD disclosed a fee charged of [Redacted] for Appraisal Fee. Valid Change of Circumstance for increase in fee was not located, and no cure was provided.   Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label


Buyer Comment (2018-10-29): Uploaded PCCD, lox, check and tracking
   8/XX/2018  1:50:56 PM   2 B 8/XX/2018 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
204992283           Compliance Compliance Federal Compliance 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. Initial Loan Estimate did not disclose a Processing Fee of [Redacted]. Final CD disclosed a fee charged of [Redacted] for a Processing Fee. Valid Change of Circumstance for increase in fee was not located, and no cure was provided.   Reviewer Comment (2018-10-29): Seller provided the PCCD, refund, LOX and shipping label


Buyer Comment (2018-10-29): Uploaded PCCD, lox, check and tracking
   8/XX/2018  1:51:08 PM   2 B 8/XX/2018 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
204992283           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation.  [Redacted] No evidence appraisal report was provided in timely manner.   Reviewer Comment (2018-10-29): Seller provided the appraisal receipt dated [Redacted].


Buyer Comment (2018-10-29): uploaded appraisal delivery
 8/XX/2018  1:20:00 PM     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992283           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.29480% or Final Disclosure APR of 7.33400% is in excess of allowable threshold of APOR 4.63% + 1.5%, or 6.13000%.  Non-Compliant Higher Priced Mortgage Loan. No evidence appraisal report was provided in timely manner.   Reviewer Comment (2018-10-29): Seller provided the appraisal receipt dated [Redacted].


Buyer Comment (2018-10-29): uploaded appraisal delivery
 8/XX/2018  1:20:00 PM     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992283           Compliance Compliance Federal Compliance (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 three (3) business days prior to consummation. (Type:Additional[Redacted]) No evidence appraisal report was provided in timely manner.   Reviewer Comment (2018-10-29): Seller provided the appraisal receipt dated [Redacted].


Buyer Comment (2018-10-29): uploaded appraisal delivery
 8/XX/2018  1:20:00 PM     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992283           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.29480% or Final Disclosure APR of 7.33400% is in excess of allowable threshold of APOR 4.63% + 1.5%, or 6.13000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     8/XX/2018  1:21:26 PM 1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
204992289           Credit Credit Miscellaneous Credit Exception:   Lender exception for delayed financing in file.  Loan meets delayed financing criteria per  [Redacted] guide which does not encompass the  [Redacted] loan program, guides for the [Redacted] program do not allow delayed financing. The borrower credit history does not reflect any public records.

Borrower credit history reflects 3 open and 6 closed mortgages all reporting paid as agreed.

Self employed for 8 years and same line of work for 18 years.

Strong DTI, over 40% lower than guidelines maximum

18 months reserves vs. 6 months required

766 FICO vs. program min. of 740		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.


Buyer Comment (2018-10-29): Uploaded Exception
     8/XX/2018  4:05:16 PM 2 B 8/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
204992289           Credit Property - Appraisal Property Eligibility - Subject and Improvements Guideline Issue:  Property type not allowed per credit guidelines   Lender exception for un-permitted garage conversion in file  vs. program requirement of un-permitted construction being removed/converted back. The borrower credit history does not reflect any public records.

Borrower credit history reflects 3 open and 6 closed mortgages all reporting paid as agreed.

Self employed for 8 years and same line of work for 18 years.

Strong DTI, over 40% lower than guidelines maximum

18 months reserves vs. 6 months required

766 FICO vs. program min. of 740		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.


Buyer Comment (2018-10-29): Uploaded Exception
     8/XX/2018  4:05:49 PM 2 B 8/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
204992289           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Lender exception in file (doc XXX) for loan amount of  [Redacted] vs. program max of  [Redacted] The borrower credit history does not reflect any public records.

Borrower credit history reflects 3 open and 6 closed mortgages all reporting paid as agreed.

Self employed for 8 years and same line of work for 18 years.

Strong DTI, over 40% lower than guidelines maximum

18 months reserves vs. 6 months required

766 FICO vs. program min. of 740		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.


Buyer Comment (2018-10-29): Uploaded Exception
     8/XX/2018  4:05:58 PM 2 B 8/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
204992289           Compliance Compliance Federal Compliance 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 three (3) business days prior to closing, and appraisal was not provided at or before closing.  [Redacted] Borrowers waived appraisal timing rights, no evidence of/when report provided in file.   Reviewer Comment (2018-10-29): Seller provided the appraisal receipt dated  [Redacted]


Buyer Comment (2018-10-29): Uploaded appraisal confirmation
 8/XX/2018  4:28:48 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
204992289           Compliance Compliance Federal Compliance 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 three (3) business days prior to closing, and appraisal was not provided at or before closing.  [Redacted] Borrowers waived appraisal timing rights, no evidence of/when report provided in file.   Reviewer Comment (2018-10-29): Seller provided the appraisal receipt dated  [Redacted]


Buyer Comment (2018-10-29): Uploaded appraisal confirmation
 8/XX/2018  4:28:48 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
204992289           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Not provided.  Anti-Steering disclosure has place for compensation details, but not completed.   Reviewer Comment (2018-10-29): Seller provided the anti-steering disclosure dated  [Redacted]


Buyer Comment (2018-10-29): uploaded anti steering
 8/XX/2018  4:09:59 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
204992289           Compliance Compliance Federal Compliance TRID Alternate Table Usage TILA-RESPA Integrated Disclosure - Costs at Closing/ Calculating Cash to Close: Alternate tables not used consistently throughout the transaction. Initial LE performed on purchase format, then switch to refi format from there on out.   Buyer Comment (2018-10-29): waive
     8/XX/2018  10:55:45 AM 2 B 8/XX/2018 CA Primary Refinance - Cash-out - Other Good Faith Redisclosure C B C B C B A A Non QM Non QM Yes
204992289           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Alternate Table With Seller TILA-RESPA Integrated Disclosure - Costs at Closing/ Calculating Cash to Close: Final Closing Disclosure provided on  [Redacted] used an alternate table on a transaction with a seller.  [Redacted] Initial LE performed on purchase format, then switch to refi format from there on out.  Delayed financing purchase.   Buyer Comment (2018-10-29): waive
     8/XX/2018  10:55:58 AM 2 B 8/XX/2018 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
204992289           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan allows for Assumption.  [Redacted] Assumable ARM loan, final CD shows not assumable.   Buyer Comment (2018-10-29): waive
     8/XX/2018  9:32:39 AM 2 B 8/XX/2018 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
204992289           Compliance Compliance Federal Compliance 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.)  [Redacted] No seller paid fees, delayed financing loan without seller.   Reviewer Comment (2018-10-29): Loan is a delayed purchase - completed as a refinance


Buyer Comment (2018-10-29): This is a Refinance
 8/XX/2018  4:24:58 PM     1 A 8/XX/2018 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
204992289           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Summaries Of Transactions - Sales Price TILA-RESPA Integrated Disclosure - Summaries of Transactions: Final Closing Disclosure provided on  [Redacted] did not disclose the Sales Price of Property.  [Redacted] Delayed finance purchase, final CD shows appraised value and not sales price.   Reviewer Comment (2018-10-29): Loan is a delayed purchase - completed as a refinance


Buyer Comment (2018-10-29): This is a Refinance
 8/XX/2018  4:24:58 PM     1 A 8/XX/2018 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
204992289           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on  [Redacted] disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan.  [Redacted] CD TIP 128.931> calculated TIP 126.732   Buyer Comment (2018-10-29): waive
     8/XX/2018  9:33:07 AM 2 B 8/XX/2018 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
204992289           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Value Identifier TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on  [Redacted] did not contain the appropriate label for Sale Price or Appraised Property Value.  [Redacted] Delayed finance purchase, final CD shows appraised value and not sales price.   Reviewer Comment (2018-10-29): Loan is a delayed purchase - completed as a refinance


Buyer Comment (2018-10-29): This is a Refinance
 8/XX/2018  4:24:58 PM     1 A 8/XX/2018 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
204992289           Compliance Compliance Federal Compliance TILA NMLSR - Individual Originator NMLS information on documents does not match NMLS website Truth in Lending Act (NMLSR Dodd- Frank 2014): Individual Loan Originator NMLSR information on loan documents does not match NMLSR. 1003/Note show LO name as  [Redacted], however that number shows a  [Redacted] on nmlsconsummeraccess.org.   Reviewer Comment (2018-10-29): Seller provided the corrected Note, 1003, security instrument and PCCD with NMLS reflected as  [Redacted]


Reviewer Comment (2018-10-29): Documents of the 1003,note and security agreement were all corrected to reflect NMLS  [Redacted] however final CD reflects NMLS of  [Redacted]


Reviewer Comment (2018-10-29): Security instrument was not corrected as remains as  [Redacted] Exception remains
   9/XX/2018  1:07:10 PM   2 B 8/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM Yes
204992289           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Buyer Comment (2018-10-29): waive


Reviewer Comment (2018-10-29): Seller provided a copy of the brokers initial application - missing a copy of the Lenders initial application - exception remains.


Buyer Comment (2018-10-29): uploaded 1003
     8/XX/2018  9:27:19 AM 2 B 8/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
204992289           Compliance Compliance Federal Compliance TILA LO Compensation (Impermissible Compensation Method) Loan Originator Compensation (Dodd-Frank 2014): Impermissible Compensation method used. Method based on APR is not permissable   Reviewer Comment (2018-10-29): Per form a discount fee is paid and the amount of broker compensation percentage is blank


Buyer Comment (2018-10-29): What do you need to clear this? Can you provide more detail as to what this means?
 8/XX/2018  2:01:08 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
204992289           Compliance Compliance Federal Compliance TILA LO Compensation (Impermissible Compensation Method) Loan Originator Compensation (Dodd-Frank 2014):  Unable to determine Compensation method used. amount of broker compensation percentage is blank   Buyer Comment (2018-10-29): waive
     8/XX/2018  9:42:32 AM 2 B 8/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
204992290           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		     Buyer Comment (2018-10-29): [Redacted] has elected to waive
     8/XX/2018  10:18:00 PM 2 B 8/XX/2018 CA Primary Purchase   C B C B A A A A Non QM Non QM No
204992290           Credit Assets Asset Documentation Guideline Issue:Insufficient asset documentation.   [Redacted] funds not transferred to US account.  Lender approved exception. Borrower has employment stability XXX

Guideline variance approved by lender at time of origination. Borrower has a perfect credit history with never a late payment going back a full 81 months.

XXX business account with XXX which has branches in XXX

780 representative FICO score > 680  guideline minimum - 100 points above guideline minimum.

LTV 80% < guideline max of 85% -  by 5%,

41% DTI on this Bank Statement documentation loan <50% guideline max - 9% below program guideline maximum.		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
     8/XX/2018  10:38:35 AM 2 B 8/XX/2018 CA Primary Purchase   C B C B A A A A Non QM Non QM No
204992297           Compliance Compliance Federal Compliance 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.  [Redacted] TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $ [Redacted], while closing CD seller's fees total $0.00   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.


Buyer Comment (2018-10-29): Please waive
     8/XX/2018  11:23:41 AM 2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
204992297           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation.  [Redacted] File is missing documentation that the borrower was provided a copy of the appraisal at least 3 business days prior to closing   Reviewer Comment (2018-10-29): Seller provided the appraisal receipt dated  [Redacted]


Buyer Comment (2018-10-29): Appraisal receipt uploaded
 8/XX/2018  11:26:54 AM     1 A 8/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
204992297           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.15780% or Final Disclosure APR of 7.19200% is in excess of allowable threshold of APOR 4.68% + 1.5%, or 6.18000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): Seller provided the appraisal receipt dated  [Redacted]
 8/XX/2018  11:26:54 AM     1 A 8/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
204992297           Compliance Compliance Federal Compliance (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 three (3) business days prior to consummation.  [Redacted] File is missing documentation that the borrower was provided a copy of the appraisal at least 3 business days prior to closing   Reviewer Comment (2018-10-29): Seller provided the appraisal receipt dated  [Redacted]


Buyer Comment (2018-10-29): Appraisal receipt
 8/XX/2018  11:26:54 AM     1 A 8/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
204992297           Compliance Compliance Federal Compliance 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.  [Redacted] Appraisal received  [Redacted] < valuation report date  [Redacted]   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception.


Buyer Comment (2018-10-29): Please waive
     9/XX/2018  10:29:14 AM 2 B 8/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
204992297           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.15780% or Final Disclosure APR of 7.19200% is in excess of allowable threshold of APOR 4.68% + 1.5%, or 6.18000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     8/XX/2018  11:27:47 AM 1 A 8/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
204992298           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Lender approved exception for credit score. Guideline variance approved by lender at time of origination.  Borrower has been self-employed as XXX XXX but has been in the same line of work for the past 5 years.

228.52 months reserves >  114 months (3 months of reserves plus 110% of loan amount) guideline minimum - borrowers have verified reserves of $469,436.90.

LTV is 65%, 5% <program max of 70%.

34.03% DTI on this Asset Depletion documentation loan < 50.00% guideline max - 15.97% below program guideline maximum.		 Reviewer Comment (2018-10-29): [Redacted] elected to waive the exception based on compensating factors.
     8/XX/2018  10:30:14 AM 2 B 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992298           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.  [Redacted] The initial CD was provided the day before signing.   Reviewer Comment (2018-10-29): Seller provided the CD dated  [Redacted] e-received on  [Redacted]


Buyer Comment (2018-10-29): For your revview
 8/XX/2018  6:28:11 PM     1 A 8/XX/2018 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204992298           Compliance Compliance Federal Compliance 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.  [Redacted] TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $ [Redacted], while closing CD seller's fees total $0.00   Buyer Comment (2018-10-29): Waived, Level 2
     8/XX/2018  12:05:37 PM 2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992298           Compliance Compliance Federal Compliance 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. (73109) The CD issued on  [Redacted] increased the Broker Fee without a valid change of circumstance.   Reviewer Comment (2018-10-29): (Redacted) received letter of explanation, proof of delivery, copy of refund check, and corrected CD


Buyer Comment (2018-10-29): For review: Evidence that USPS was sent.


Reviewer Comment (2018-10-29): Seller provided a corrected PCCD dated  [Redacted] LOX dated  [Redacted] and shipping label ready for processing not picked up as of  [Redacted]. Exception remains open.


Buyer Comment (2018-10-29): Label for your review


Reviewer Comment (2018-10-29): (Redacted) received revised CD with amount exceeded by limit added to page 3.  The updated PCCD is dated the same date of  [Redacted]  Need evidence this revised copy of the PCCD was sent to the Borrower.


Buyer Comment (2018-10-29): Corrected PC-CD


Reviewer Comment (2018-10-29): (Redacted) received the following:  Letter of Explanation, Proof of Delivery, Copy of Refund Check, and PC-CD.  PC-CD dated  [Redacted] page 3 Calculating Cash to Close Section is missing the dollar amount by which the file exceeds the legal limit.  Need to have $1,438.13 listed.


Buyer Comment (2018-10-29): Uploaded for your review: PCCD-LOX-Check-Label
   9/XX/2018  6:49:37 PM   2 B 8/XX/2018 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 B C B A A Non QM Non QM Yes
204992298           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.11770% or Final Disclosure APR of 7.15100% is in excess of allowable threshold of APOR 4.73% + 1.5%, or 6.23000%.  Compliant Higher Priced Mortgage Loan. 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] + x.x%, or [Redacted]%. Compliant Higher Priced Mortgage Loan.   Reviewer Comment (2018-10-29): [Redacted] elected to waive the exception.
     8/XX/2018  10:30:40 AM 1 A 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992298           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on 08/XX/2018 disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit.  [Redacted] The final CD did not provide a tolerance cure for the increase to the Broker Fee.   Reviewer Comment (2018-10-29): Mortgage Broker fee tolerance was cured on PCCD.  Letter of Explanation & Corrected Closing Disclosure provided on  [Redacted]


Reviewer Comment (2018-10-29): Mortgage Broker fee tolerance was cured on PCCD.


Buyer Comment (2018-10-29): Waived, Level 2
   9/XX/2018  6:36:11 PM   2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992298           Credit Loan Package Documentation Loan File Missing Document: Hazard Insurance Policy not provided       Reviewer Comment (2018-10-29): Seller provided the Hazard policy dated  [Redacted]


Reviewer Comment (2018-10-29): Seller provided the Flood policy and REC - please provide a copy of the HOI policy. Exception remains.


Buyer Comment (2018-10-29): For review
 9/XX/2018  11:34:07 AM     1 A 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992298           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation.  [Redacted]     Buyer Comment (2018-10-29): Waived, Level 2
     8/XX/2018  12:06:41 PM 2 B 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992298           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan allows for Assumption.  [Redacted] The final CD disclosed that the loan is not assumable; the note disclosed that the loan is assumable.   Buyer Comment (2018-10-29): Waived, Level 2
     8/XX/2018  12:06:58 PM 2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992298           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.       Reviewer Comment (2018-10-29): Seller provided the Hazard policy dated  [Redacted] with the mortgagee clause ISAOA


Reviewer Comment (2018-10-29): Flood policy provided please provide the HOI policy. Exception remains
 9/XX/2018  11:34:39 AM     1 A 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992299           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.95500% or Final Disclosure APR of 7.99200% is in excess of allowable threshold of APOR 4.63% + 1.5%, or 6.13000%.  Compliant Higher Priced Mortgage Loan. Disclosure reflects APR as [Redacted]; calculated is [Redacted]; threshold is [Redacted].   Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     8/XX/2018  11:21:01 AM 1 A 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992299           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Copy of disclosure not provided in file.   Buyer Comment (2018-10-29): please waive
     8/XX/2018  10:37:26 AM 2 B 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992299           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan allows for Assumption.  [Redacted] Disclosure reflects loan "Will Allow" assumption; note does not have assumption verbiage.   Buyer Comment (2018-10-29): please waive
     8/XX/2018  10:37:54 AM 2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992299           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.  [Redacted] Initial CD dated  [Redacted] is not executed by borrower; calculated received date is  [Redacted] closing date is  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the initial CD dated  [Redacted] electronically signed on  [Redacted]


Buyer Comment (2018-10-29): Please see CD, ESIGN
 8/XX/2018  5:40:22 PM     1 A 8/XX/2018 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204992299           Compliance Compliance Federal Compliance 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.  [Redacted] Seller paid fees on the buyers Closing Disclosure is $0; seller paid fees on the sellers Closing Disclosure is $ [Redacted].  Seller paid fees not listed on the borrowers Final CD [Redacted]   Buyer Comment (2018-10-29): please waive


Buyer Comment (2018-10-29): disregard docs - are for missing CD exception


Buyer Comment (2018-10-29): Please see CD, ESIGN
     8/XX/2018  10:41:40 AM 2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992299           Credit Credit Miscellaneous Credit Exception:   Borrower has been self-employed for 18 months vs program requirement of 24 months. Lender approved exception provided in file. 3.53 months of Reserves , .53 months > program requirement of 3 months.

Borrower has been in the same line of work as a XXX for the past 13 years.

Borrower has a perfect credit history with never a late payment as well as very low balance to limit ratios on all revolving accounts.

Credit score is 722, 22 points > program requirement of 700.

DTI is 32.33203%, 5.66797% < program maximum of 38%.		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
     8/XX/2018  11:23:35 AM 2 B 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992299           Credit Credit Credit Documentation Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Borrower has been renting for the past 2 years; copy of VOR or canceled checks not provided in file.   Reviewer Comment (2018-10-29): Seller provided the VOR from [Redacted].


Buyer Comment (2018-10-29): Please see VOR
 8/XX/2018  5:43:03 PM     1 A 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992299           Credit Credit Miscellaneous Credit Exception:   Do Not require a CPA letter stating that the withdrawal of funds will not have a negative impact on the business due to borrower does not have a CPA vs program requirement to obtain statement from CPA stating that the withdrawal of funds will not have a negative impact on the business. Lender approved. 3.53 months of Reserves , .53 months > program requirement of 3 months.

Borrower has been in the same line of work as a XXX for the past 13 years.

Borrower has a perfect credit history with never a late payment as well as very low balance to limit ratios on all revolving accounts.

Credit score is 722, 22 points > program requirement of 700.

DTI is 32.33203%, 5.66797% < program maximum of 38%.		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
     9/XX/2018  12:50:24 PM 2 B 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
204992302           Credit Credit Miscellaneous Credit Exception:   Lender approved exception for investor concentration of [Redacted] ([Redacted] out of [Redacted] units) vs. program requirement that no more than [Redacted] of total units in the subject property may be renter koccupied subject property is owned free and clear.

Borrower is self-employed for the past XXX

Reserves are 60 months ($84,000), 57 months > program requirement of 3 months

DTI is 4%, 46% < program maximum of 50%

Long established condo, project first marketed in 2004. No commercial space and no pending litigation in the project. Overall project delinquency is 0% (0 out of 232 units)		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
     8/XX/2018  9:47:08 AM 2 B 8/XX/2018 FL Second Home Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
204992302           Credit Credit Miscellaneous Credit Exception:   Lender approved exception for use of proposed  [Redacted] Condo Budget vs. program requirement of Final Budget subject property is owned free and clear.

Borrower is self-employed for XXX

Reserves are 60 months ($84,000), 57 months > program requirement of 3 months

DTI is 4%, 46% < program maximum of 50%

Long established condo, project first marketed in 2004. No commercial space and no pending litigation in the project. Overall project delinquency is 0% (0 out of 232 units)		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
     8/XX/2018  9:47:16 AM 2 B 8/XX/2018 FL Second Home Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
204992302           Compliance Compliance Federal Compliance 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.  [Redacted] There were no earlier versions of the Appraisal provided in the file, however, the CDA on the subject property was completed on  [Redacted] indicating the initial appraisal was completed prior to that date.   Reviewer Comment (2018-10-29): Seller provided the initial appraisal dated [Redacted] prior to the update on  [Redacted]
 8/XX/2018  2:18:20 PM     1 A 8/XX/2018 FL Second Home Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
204992302           Compliance Compliance Federal Compliance 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. [Redacted] - CPA letter only supporting document for income   Reviewer Comment (2018-10-29): Guideline exception for XXX license


Reviewer Comment (2018-10-29): Escalated


Buyer Comment (2018-10-29): Uploaded exception


Reviewer Comment (2018-10-29): Seller provided a copy of the web page with the accountants information no license number or actual copy of the license as required per the guides.Exception remains.


Buyer Comment (2018-10-29): Uploaded XXX website


Reviewer Comment (2018-10-29): Missing a copy of the XXX license. Exception remains


Buyer Comment (2018-10-29): what do you need to clear this?
 9/XX/2018  8:08:38 PM     1 A 8/XX/2018 FL Second Home Refinance - Cash-out - Other Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
204992302           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - S-Corp Ability to Repay (Dodd-Frank 2014): Unable to verify S-Corp income using reasonably reliable third-party records. ( [Redacted]) Foreign National - CPA letter only supporting document for income   Buyer Comment (2018-10-29): waive


Reviewer Comment (2018-10-29): Based on lenders guideline exception for the CPA license, exception regraded to an EV2-B


Reviewer Comment (2018-10-29): Lender identified the guideline requirement prior to closing and the EVP of credit made the approval for the exception to use the CPAs corporate website as verification.


Reviewer Comment (2018-10-29): Escalated


Buyer Comment (2018-10-29): uploaded exception


Reviewer Comment (2018-10-29): Seller provided a copy of the web page with the accountants information no license number or actual copy of the license as required per the guides.Exception remains.


Buyer Comment (2018-10-29): Uploaded CPA website


Reviewer Comment (2018-10-29): Missing a copy of the CPA license. Exception remains


Buyer Comment (2018-10-29): what do you need to clear this?
     9/XX/2018  9:19:17 AM 2 B 8/XX/2018 FL Second Home Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
204992302           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on  [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit.  [Redacted] CD is blank in section listing amount of costs over legal limit   Buyer Comment (2018-10-29): waive
     8/XX/2018  9:11:34 AM 2 B 8/XX/2018 FL Second Home Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992302           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Storage Fees.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. No cure provided for overage, storage fees added to CD without VCC.   Reviewer Comment (2018-10-29): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided


Buyer Comment (2018-10-29): uploaded revised pccd/lox/tracking label


Reviewer Comment (2018-10-29): (Redacted) received PC-CD dated  [Redacted] Letter of Explanation, Proof of Delivery and refund check.  PC-CD received is same as previously provided.  Missing on page 3 in the Calculating Cash to Close Section where is states Total Closing Cost (J) it needs to show Exceeds legal limit by $30 in addition to showing the credit amount in Section J.


Buyer Comment (2018-10-29): [Redacted] is the correct pccd. please see in section J (closing costs) it reflects a $30 lender credit and unde calc cash to close it says Yes under "Did this amount Change" for the closing costs.


Reviewer Comment (2018-10-29): (Redacted) received the same PCCD issued on  [Redacted] which does not reflect the proper credit for over the limit on page 3.  A copy of the refund check, Letter of Explanation and shipping was also provided.  A Corrected CD with the error corrected is still need to cure.


Buyer Comment (2018-10-29): Please see on page 3 the closing costs have decreased and you can see on page 2 where the $30 credit was applied


Reviewer Comment (2018-10-29): Seller provided the PCCD and LOX, no refund or shipping label and PCCD is prepared incorrectly as missing refund amount on page 3 under calculating cash to close. Exception remains.
   9/XX/2018  11:49:27 AM   2 B 8/XX/2018 FL 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
204992302           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.  [Redacted] Evidence of earlier receipt missing from file, initial CD not signed by borrowers.   Reviewer Comment (2018-10-29): Seller provided the initial CD e-signed on [Redacted]


Buyer Comment (2018-10-29): Uploaded esigned CD
 8/XX/2018  5:05:35 PM     1 A 8/XX/2018 FL Second Home Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
204992303           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Lender approved exception to allow Loan is $ [Redacted] vs program maximum of $ [Redacted]. Excellent credit payment history, one disputed 30 day late in 2015 on a small credit card.

Borrower is self-employed as XXX

Reserves are 13.88 months, 7.88 months > program requirement of 6 months

DTI is 6%, 32% < program maximum of 38%

Credit score is 773,33 points > program requirement of 740.		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
     8/XX/2018  10:05:10 AM 2 B 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204992303           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.       Buyer Comment (2018-10-29): Compliance EV2 can be waived.
     8/XX/2018  3:36:48 PM 2 B 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204992303           Compliance Compliance Federal Compliance TILA NMLSR - Individual Originator NMLS information on documents does not match NMLS website Truth in Lending Act (NMLSR Dodd- Frank 2014): Individual Loan Originator NMLSR information on loan documents does not match NMLSR. Documentation in file reflects NMLS ID # [Redacted], however per the NMLS, the Loan Originator reflected does not match.   Reviewer Comment (2018-10-29): Seller provided the NMLS#  [Redacted] for  [Redacted]on the Note, Security instrument and 1003 revised and shipping label.


Buyer Comment (2018-10-29): Corrected documents and UPS label have been uploaded for your review.
 9/XX/2018  3:39:13 PM     1 A 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM Yes
204992303           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. File contains evidence that the borrower received electronic disclosures, missing documentation of consent   Reviewer Comment (2018-10-29): Seller provided the e-consent dated  [Redacted]


Buyer Comment (2018-10-29): Esign Consent dated  [Redacted] uploaded for your review/clearance.
 8/XX/2018  2:08:53 PM     1 A 8/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204992303           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on  [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation.  [Redacted] Disclosure reflects Homeowner's Insurance Premium of ($1,574.00) under Prepaids; however, Homeowner's Insurance monthly under Initial Escrow Payments is ($312.50).   Buyer Comment (2018-10-29): Compliance EV2 okay to waive.
     8/XX/2018  3:42:59 PM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992303           Compliance Compliance Federal Compliance 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.  [Redacted] TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $ [Redacted], while closing CD seller's fees total $0.00   Buyer Comment (2018-10-29): Compliance EVx okay to waive.
     8/XX/2018  3:43:27 PM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992304           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Escrowed Property Costs over Year 1 of $XXX on Final Closing Disclosure provided on  [Redacted] not accurate.  [Redacted] The total estimated monthly escrow disclosed on the Borrower's Final Closing Disclosure is $1390.91. This cost over a 1 year period is a total of $16690.92; the figure disclosed in the Final CD is incorrect (calculation); in addition, the Lender used an incorrect tax amount which also contributed to the error.   Reviewer Comment (2018-10-29): Seller provided the tax cert with figures provided by the closing attorney


Buyer Comment (2018-10-29): For your review
Tax cert.
 9/XX/2018  10:34:09 AM     1 A 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B C B Non QM Non QM Yes
204992304           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/523201) Originator did not use 1.25% to calculate property taxes and there is no tax cert in file to support the figure disclosed on the Borrower's Final CD.   Reviewer Comment (2018-10-29): Seller provided the tax cert with figures provided by the closing attorney


Buyer Comment (2018-10-29): Taxes of $x,xxx.xx monthly (see tax bill)
HOI of $xx.xx monthly
$x,xxx.xx monthly
 9/XX/2018  10:34:09 AM     1 A 7/XX/2018 CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B C B Non QM Non QM Yes
204992304           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Fixed Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on  [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/523201) Originator did not use 1.25% to calculate property taxes and there is no tax cert in file to support the figure disclosed on the Borrower's Final CD.   Reviewer Comment (2018-10-29): Seller provided the tax cert with figures provided by the closing attorney
 9/XX/2018  10:34:09 AM     1 A 7/XX/2018 CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B C B Non QM Non QM Yes
204992304           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on  [Redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan.  [Redacted] Originator did not use 1.25% to calculate property taxes and there is no tax cert in file to support the figure disclosed on the Borrower's Final CD.   Reviewer Comment (2018-10-29): Fee incorrectly inputted as Application Fee when it was actually an Appraisal Fee.


Buyer Comment (2018-10-29): Correct Tax Certification


Reviewer Comment (2018-10-29): Seller provided incorrect documents - exception remains


Buyer Comment (2018-10-29): Tax Cert- [Redacted].. above cert is not for this file, was on my desk top


Buyer Comment (2018-10-29): For your review-Tax Cert.
 9/XX/2018  6:47:45 PM     1 A 7/XX/2018 CA 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 B C B C B C B Non QM Non QM Yes
204992304           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Timing Truth in Lending Act (2015): Creditor or broker did not provide the Home Loan Toolkit Disclosure to applicant within 3 business days of application. No evidence found in file to confirm the Home Loan Toolkit Disclosure was provided prior to  [Redacted]   Buyer Comment (2018-10-29): Waived, Level 2
     8/XX/2018  3:23:24 PM 2 B 7/XX/2018 CA Primary Purchase No Defined Cure C B C B C B C B Non QM Non QM No
204992304           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.  [Redacted] There is no evidence in file to confirm Borrower received the final CD at least 3 business days prior to closing.   Reviewer Comment (2018-10-29): Seller provided the initial CD dated  [Redacted]


Buyer Comment (2018-10-29): For your review
 09/04/2018     1 A 7/XX/2018 CA Primary Purchase No Defined Cure C B C B C B C B Non QM Non QM No
204992304           Compliance Compliance Federal Compliance 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. The Credit Report Fee increased by $[Redacted], however, a Lender Credit of $[Redacted] was provided to the Borrower and is sufficient to cure.       8/XX/2018  2:51:00 PM   1 A 7/XX/2018 CA Primary Purchase Final CD evidences Cure C B C B C B C B Non QM Non QM Yes
204992304           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing. The Title-Endorsement Fee increased, however, the Borrower's Final Closing Disclosure confirms a Lender Credit was provided to the Borrower in the amount of $[Redacted].       8/XX/2018  2:51:00 PM   1 A 7/XX/2018 CA Primary Purchase Final CD evidences Cure C B C B C B C B Non QM Non QM Yes
204992304           Compliance Compliance Federal Compliance 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. The Transfer Tax Fee increased by $[Redacted], however, the Borrower's Final Closing Disclosure confirms a Lender Credit in the amount of $[Redacted] was provided to Borrower.       8/XX/2018  2:51:00 PM   1 A 7/XX/2018 CA Primary Purchase Final CD evidences Cure C B C B C B C B Non QM Non QM Yes
204992304           Compliance Compliance Federal Compliance RESPA -  Initial Escrow Account Statement Missing RESPA: Initial escrow account statement was not provided to the borrower. Initial escrow account statement was not provided to the borrower.   Buyer Comment (2018-10-29): Waived, Level 2
     8/XX/2018  3:22:56 PM 2 B 7/XX/2018 CA Primary Purchase   C B C B C B C B Non QM Non QM Yes
204992304           Compliance Compliance Federal Compliance 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.)  [Redacted] Both the Borrower's Final Closing Disclosure and the Seller CD do not disclose any Seller paid fees, only a credit from the Seller of $9500.   Reviewer Comment (2018-10-29): Seller CD provided.


Buyer Comment (2018-10-29): Label


Buyer Comment (2018-10-29): Corrected PCCD-LOX-Label


Reviewer Comment (2018-10-29): Seller provided incorrect documents - exception remains


Buyer Comment (2018-10-29): Ignore-these are for another file


Buyer Comment (2018-10-29): PCCD-LOX
 9/XX/2018  6:33:49 PM     1 A 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B C B Non QM Non QM Yes
204992304           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.     Appraisal effective date 5/XX/2018 report date 7/XX/2018 with no damage dated after the declared disaster. Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factor.


Buyer Comment (2018-10-29): For your review
     9/XX/2018  10:36:24 AM 2 B 7/XX/2018 CA Primary Purchase   C B C B C B C B Non QM Non QM No
204992304           Credit Assets Asset Documentation Asset Issue:  Gift funds are missing evidence of receipt   Co-Borrower's Father gifted a total of $ [Redacted] which consisted of the $ [Redacted] EMD while the rest would be applied at time of closing. Approval Closing Conditions indicate that proof the funds were received at closing is required but is not documented in file.   Reviewer Comment (2018-10-29): Seller provided a copy of the wire for  [Redacted] received on [Redacted] at 10:49am.


Buyer Comment (2018-10-29): For your review, attached wire
 9/XX/2018  10:38:38 AM     1 A 7/XX/2018 CA Primary Purchase   C B C B C B C B Non QM Non QM No
204992304           Property Property - Appraisal General Appraisal Requirements Valuation Exception:   Subject property is an attached PUD where the Builder is still in control. There is no HOA and no master insurance policy for the common areas. A Lender acknowledged exception was granted. The common areas are walkways and driveways. There are no structures on any common areas. Project was built in XXX with XXX units sold

No late payments on credit and no public records

Borrower is a XXX in the same field for the past 10 years. Co-borrower is a XXX

37.60760% DTI on this Full Doc Type loan 12.3924 < 50% guideline max.

12 months reserves > 3 months guideline minimum.

credit score is734, 14 points > program minimum required of 720.		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
     8/XX/2018  3:31:48 PM 2 B 7/XX/2018 CA Primary Purchase   C B C B C B C B Non QM Non QM No
204992304           Credit Loan Package Documentation Closing / Title Title Error: Title vesting is blank.   The Preliminary Title did not reflect Vesting information; Final Title was not provided.   Reviewer Comment (2018-10-29): Seller provided the vesting information matching the deed.


Buyer Comment (2018-10-29): For your review, Vesting Amendment


Reviewer Comment (2018-10-29): Preliminary title should list borrowers name for preliminary vesting however no information is listed -please provide title commitment in borrowers name. Exception remains


Buyer Comment (2018-10-29): Purchase Transaction, title commitment would not evidence vesting in Borrower's name.
 9/XX/2018  10:53:06 AM     1 A 7/XX/2018 CA Primary Purchase   C B C B C B C B Non QM Non QM No
204992304           Credit Loan Package Documentation Closing / Title Title Error: Manner of title vesting is blank.   The Preliminary Title did not reflect Vesting information; Final Title was not provided.   Reviewer Comment (2018-10-29): Seller provided the vesting information matching the deed.


Buyer Comment (2018-10-29): Title Vesting uploaded
 9/XX/2018  10:53:15 AM     1 A 7/XX/2018 CA Primary Purchase   C B C B C B C B Non QM Non QM No
204992304           Credit Loan Package Documentation Closing / Title Title Error: Title vesting does not concur with deed   The Preliminary Title did not reflect Vesting information; Final Title was not provided.   Reviewer Comment (2018-10-29): Seller provided the vesting information matching the deed.


Buyer Comment (2018-10-29): Vesting Amendment uploaded


Reviewer Comment (2018-10-29): Preliminary title should list borrowers name for preliminary vesting however no information is listed -please provide title commitment in borrowers name. Exception remains


Buyer Comment (2018-10-29): Final Policy would not be included at time of closing
 9/XX/2018  10:52:23 AM     1 A 7/XX/2018 CA Primary Purchase   C B C B C B C B Non QM Non QM No
204992304           Credit Loan Package Documentation Loan File Missing Document: Hazard Insurance Policy not provided   The Cost to Reconstruct was provided but the Evidence of Insurance was not located in the file.   Reviewer Comment (2018-10-29): Seller provided the HOI policy dated [Redacted]


Buyer Comment (2018-10-29): For your review
 09/04/2018     1 A 7/XX/2018 CA Primary Purchase   C B C B C B C B Non QM Non QM No
204992304           Compliance Compliance Federal Compliance 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.  [Redacted] Appraisal received  [Redacted] < appraisal report date  [Redacted]   Buyer Comment (2018-10-29): Waive, Level2
     8/XX/2018  3:22:19 PM 2 B 7/XX/2018 CA Primary Purchase   C B C B C B C B Non QM Non QM No
204992304           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.  [Redacted] CD issue date  [Redacted] > closing date less 6 days  [Redacted] and CD received  [Redacted] > closing date less 3 days [Redacted].   Reviewer Comment (2018-10-29): Initial CD provided.


Buyer Comment (2018-10-29): This was uploaded on  [Redacted]
Here is is again for your review.


Reviewer Comment (2018-10-29): NO initial CD was previously provided after receipt exception occurred do to no proof of receipt please provide date initial CD dated  [Redacted] was received. Exception remains


Buyer Comment (2018-10-29): Why is this being added again when cleared above?
 9/XX/2018  6:33:49 PM     1 A 7/XX/2018 CA Primary Purchase No Defined Cure C B C B C B C B Non QM Non QM No
204992304           Compliance Compliance Federal Compliance 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.  [Redacted] Seller CD contains $ [Redacted] in Seller Fees,  Buyer's CD at closing contained $0   Reviewer Comment (2018-10-29): Letter of Explanation & Corrected Closing Disclosure provided.
   9/XX/2018  6:35:53 PM   2 B 7/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B C B Non QM Non QM Yes
204992307           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.67360% or Final Disclosure APR of 6.69300% is in excess of allowable threshold of APOR 4.63% + 1.5%, or 6.13000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     8/XX/2018  9:33:43 AM 1 A 8/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
204992307           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 6.67360% or Final Disclosure APR of 6.69300% is in excess of allowable threshold of APOR 4.63% + 1.5%, or 6.13000%.  Compliant Higher Priced Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     8/XX/2018  9:33:49 AM 1 A 8/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
204992307           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.  [Redacted] Evidence of earlier receipt missing from file, only the final CD was provided in the file.   Reviewer Comment (2018-10-29): Seller provided the CD dated [Redacted] e-signed on [Redacted].


Buyer Comment (2018-10-29): Uploaded Esigned CD
 9/XX/2018  5:02:19 PM     1 A 8/XX/2018 CA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
204992307           Compliance Compliance Federal Compliance 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 10% or $xxx.xx.  Insufficient or no cure was provided to the borrower. (0) Insufficient cure provided for [Redacted] tolerance violation of [Redacted].   Reviewer Comment (2018-10-29): (Redacted) received letter of explanation, copy of refund check, corrected CD, and proof of shipment.


Reviewer Comment (2018-10-29): No COC for for  [Redacted] increase in recording fee - refund 214.90 required. Exception remains


Buyer Comment (2018-10-29): Uploaded COC
   9/XX/2018  1:05:07 PM   2 B 8/XX/2018 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
204992307           Compliance Compliance Federal Compliance 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. Insufficient cure provided for x% tolerance violation of [Redacted] for discount point fee increased without VCC.   Reviewer Comment (2018-10-29): (Redacted) received letter of explanation, proof of delivery, copy of refund check, and corrected CD.


Buyer Comment (2018-10-29): Uploaded PCCD/Refund


Reviewer Comment (2018-10-29): No COC provided for the addition of discount points on  [Redacted] - rate previously locked on [Redacted] [Redacted]. Exception remains


Buyer Comment (2018-10-29): Uploaded COC
   9/XX/2018  1:05:47 PM   2 B 8/XX/2018 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
204992307           Compliance Compliance Federal Compliance 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.)  [Redacted] No seller paid fees shown on Borrower or Seller CDs. Purchase contract states seller shall pay for county transfer tax, city transfer tax, HOA transfer fee, HOA document fees, private transfer fees and home warranty.   Reviewer Comment (2018-10-29): (Redacted) received letter of explanation and corrected Closing Disclosure.


Buyer Comment (2018-10-29): Uploaded PCCD/Refund
   9/XX/2018  1:06:19 PM   2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204992307           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on  [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit.  [Redacted] Input as disclosed, $147.80 - insufficient cure provided for overages which totaled $233.00 (10%) and $501.50 (0%).   Buyer Comment (2018-10-29): waive
     8/XX/2018  10:02:02 AM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
204992307           Credit Loan Package Documentation Application / Processing 1003 Error: Own/Rent  was not provided   The final 1003 for Borrower 1 indicates that she both Rents and Owns the property at  [Redacted]; it does not include the rental property at  [Redacted] (lease provided).  Please provide a corrected Final 1003 which reflects the addresses and PITIA for all properties owned by the borrower; if the borrower owns additional rental property, the approval will require an update for accurate DTI ratios.   Reviewer Comment (2018-10-29): Seller provided the corrected final 1003 dated  [Redacted] signed by the borrower.


Reviewer Comment (2018-10-29): Seller provided a 1003 dated  [Redacted] reflecting borrower renting  [Redacted] - please provide a final 1003 sign and dated with the information - exception remains


Buyer Comment (2018-10-29): Uploaded corrected 1003. Borrower rents  [Redacted]and owns  [Redacted] (investment property). The processor typed the incorrect address but the figures were correct.
 9/XX/2018  11:07:01 AM     1 A 8/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
204992307           Credit Assets Asset Documentation Asset Issue:  Gift funds are missing evidence of receipt   There was not a copy of a wire receipt or cleared check reflecting the Gift funds of $ [Redacted]being paid to the Title company, although the funds appear in the Final CD. The Bank Statement from the Donor did not reflect the $ [Redacted] gift clearing his account.   The gift funds were not adequately documented.   Reviewer Comment (2018-10-29): Seller provided a copy of the wire dated  [Redacted] from W [Redacted] in the amount of  [Redacted]


Buyer Comment (2018-10-29): Uploaded Gift Funds Wire
 9/XX/2018  11:09:35 AM     1 A 8/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
204992313           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Lender approved exception for DTI. No public records

Borrower has employment stability for 14.5 years self-employed and 20 years in the industry.

Credit score of 732 is 12 points above the program requirement of 720.		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
     8/XX/2018  9:10:44 AM 2 B 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204992313           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Lender approved exception for loan amount. No public records

Borrower has employment stability for 14.5 years self-employed and 20 years in the industry.

Credit score of 732 is 12 points above the program requirement of 720.		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
     8/XX/2018  9:10:34 AM 2 B 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204992313           Compliance Compliance Federal Compliance 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 Risk. The loan is at ATR risk due to the age of the tax returns for self-employment income.   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
 8/XX/2018  9:11:44 AM     1 A 8/XX/2018 CA Primary Purchase Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
204992313           Compliance Compliance Federal Compliance 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. The loan is at ATR risk due to the age of the tax returns for [Redacted].   Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
 8/XX/2018  9:11:44 AM     1 A 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204992313           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date  [Redacted]  Most Recent Tax Return End Date  [Redacted] Tax Return Due Date  [Redacted]  [Redacted]) Loan closed  [Redacted] -  Missing  [Redacted] Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.   Buyer Comment (2018-10-29): [Redacted] has elected to waive this EV2 item.
     8/XX/2018  12:00:01 PM 2 B 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204992313           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.  [Redacted] The initial CD was provided on  [Redacted] with no evidence of early receipt; the borrowers signed on  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the tracking disclosure for the initial CD dated  [Redacted] with electronic receipt dated  [Redacted]


Buyer Comment (2018-10-29): Initial CD tracking uploaded for your review.
 9/XX/2018  10:13:08 AM     1 A 8/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
204992313           Compliance Compliance Federal Compliance 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.  [Redacted] The Borrowers CD did not disclose the seller paid fees.   Buyer Comment (2018-10-29): [Redacted] has elected to waive this EV2 item.
     8/XX/2018  12:01:00 PM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
204992313           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   The Lender's Initial 1003 is missing from file, however, the Creditor Application Date was obtained through alternate documentation.   Buyer Comment (2018-10-29): [Redacted] has elected to waive this EV2 item.
     8/XX/2018  12:01:31 PM 2 B 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
204992314           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		     Buyer Comment (2018-10-29): The appraisal report was completed on  [Redacted] well after the noted incident and declared disaster date. [Redacted] has elected to waive this exception.
     8/XX/2018  1:57:53 PM 2 B 8/XX/2018 CA Primary Purchase   C B C B B B A A Non QM Non QM No
204992314           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan allows for Assumption.  [Redacted] Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan allows for Assumption.   Buyer Comment (2018-10-29): [Redacted] has elected to waivee this EV2 item.
     8/XX/2018  1:54:56 PM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
204992314           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on  [Redacted] disclosed a Closing Date that did not match the actual date of consummation. [Redacted] Final disclosure reflects a closing date of  [Redacted] document was executed on  [Redacted]   Buyer Comment (2018-10-29): [Redacted] has elected to waive this EV2 item.
     8/XX/2018  1:55:13 PM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
204992314           Compliance Compliance Federal Compliance 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.  [Redacted] TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $11,212.75, while closing CD seller's fees total $0.00   Buyer Comment (2018-10-29): [Redacted] has elected to waive this EV2 item.
     8/XX/2018  1:55:31 PM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
204992314           Credit Credit Miscellaneous Credit Exception:   CPA letter does not state the withdrawal of funds will not have a negative impact on the business vs program requirement to obtain a statement from a CPA stating that the withdrawal of funds will not have negative impact on the business. Lender approved. No late payments on credit report since inception earliest date XX/1988, no public records

Borrower is self-employed as, XXX

11.23896% DTI on this ALT documentation loan < 38% guideline max - 26.76104% below program guideline maximum

787 representative FICO score > 700 guideline minimum - 87 points above guideline minimum

LTV is 85%, 5% < maximum program if 90%		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
     8/XX/2018  9:27:53 AM 2 B 8/XX/2018 CA Primary Purchase   C B C B B B A A Non QM Non QM No
204992318           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		     Buyer Comment (2018-10-29): waive - see exception
     09/04/2018 2 B 8/XX/2018 CA Primary Refinance - Cash-out - Other   C B B B C B A A Non QM Non QM No
204992318           Compliance Compliance Federal Compliance 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.  [Redacted] Report in file appears to have been revised, no evidence of change in value.   Buyer Comment (2018-10-29): please waive
     09/04/2018 2 B 8/XX/2018 CA Primary Refinance - Cash-out - Other   C B B B C B A A Non QM Non QM No
204992318           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.70580% or Final Disclosure APR of 6.72400% is in excess of allowable threshold of APOR 4.73% + 1.5%, or 6.23000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     09/04/2018 1 A 8/XX/2018 CA Primary Refinance - Cash-out - Other   C B B B C B A A Non QM Non QM No
204992318           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 6.70580% or Final Disclosure APR of 6.72400% is in excess of allowable threshold of APOR 4.73% + 1.5%, or 6.23000%.  Compliant Higher Priced Loan.     Reviewer Comment (2018-10-29): [Redacted] mortgage purchases HPML compliant loans.
     09/04/2018 1 A 8/XX/2018 CA Primary Refinance - Cash-out - Other   C B B B C B A A Non QM Non QM No
204992318           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on  [Redacted] incorrectly disclosed whether the loan allows for Assumption.  [Redacted] The final CD disclosed that the loan is not assumable; the note disclosed that the loan is assumable.   Buyer Comment (2018-10-29): please waive
     09/04/2018 2 B 8/XX/2018 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
204992318           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.  [Redacted] The initial CD was provided on  [Redacted] with no evidence of early receipt; the borrower signed on  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the initial CD dated  [Redacted] e-signed on  [Redacted]


Buyer Comment (2018-10-29): please see ESIGN, CD
 9/XX/2018  11:39:46 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Other No Defined Cure C B B B C B A A Non QM Non QM No
204992326           Credit Assets Asset Documentation Insufficient funds for Reserves. Guidelines require       Reviewer Comment (2018-10-29): Exception cleared as reserves are met due to loan program changed from SPI1 to SPI5
 4/XX/2018  1:04:14 PM     1 A 2/XX/2018 CA Investment Purchase   C A C A     A A     No
204992326           Credit Loan Package Documentation Closing / Title Missing Document: Closing Protection Letter not provided       Reviewer Comment (2018-10-29): Seller provided the CPL dated  [Redacted]
 4/XX/2018  2:40:23 PM     1 A 2/XX/2018 CA Investment Purchase   C A C A     A A     No
204992326           Credit Legal / Regulatory / Compliance Title / Lien Defect 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 (2018-10-29): Seller provided the updated preliminary title with loan coverage of  [Redacted]
 4/XX/2018  2:42:51 PM     1 A 2/XX/2018 CA Investment Purchase   C A C A     A A     No
204992326           Credit Fix and Flip General Asset documentation supports less than three months. Financial Institution: Earnest Money Deposit / End Date:  [Redacted] Missing documentation to support earnest money deposit of $ [Redacted] cleared borrower's account. File only contains documentation supporting other earnest deposit of $ [Redacted] cleared. Final CD reflects total earnest deposit made by the borrower was $ [Redacted].   Reviewer Comment (2018-10-29): Seller provided proof of 3rd party's bank acct 2,500 cleared acct  [Redacted].
 4/XX/2018  2:50:38 PM     1 A 2/XX/2018 CA Investment Purchase   C A C A     A A     No
204992326           Credit Loan Package Documentation Application / Processing Missing Document: Note Addendum - Prepayment not provided   Missing the x year PP Penalty addendum to the note   Reviewer Comment (2018-10-29): Seller provided the PP addendum to the note signed and dated  [Redacted]
 4/XX/2018  2:46:25 PM     1 A 2/XX/2018 CA Investment Purchase   C A C A     A A     Yes
204992326           Credit Loan Package Documentation Closing / Title Missing Document: Rider - Other not provided   Missing the x year PP Penalty rider   Reviewer Comment (2018-10-29): Seller provided the PP rider to the security agreement signed and dated  [Redacted]
 4/XX/2018  2:45:05 PM     1 A 2/XX/2018 CA Investment Purchase   C A C A     A A     No
204992328           Credit Fix and Flip General FICO score is less than required by guidelines.  Investor requirements for minimum FICO score have not been met.   Lender approved exception: credit score of  [Redacted] vs minimum of  [Redacted] Mortgage history is 0x30 since inception (XX/2016)
No public records and no late payments

128.24% DSC > 100% minimum required per program

Paying off an interest only balloon mortgage with 12% interest rate		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     4/XX/2018  12:43:17 PM 2 B 4/XX/2018 NJ Investment Refinance - Cash-out - Other   C B C B     A A     No
204992328           Credit Credit Miscellaneous Credit Exception:   Lease agreement for subject property is missing pages. File only contains page x. Provide all pages of lease agreement.   Reviewer Comment (2018-10-29): Seller provided the complete lease signed and dated  [Redacted]
 4/XX/2018  9:22:24 AM     1 A 4/XX/2018 NJ Investment Refinance - Cash-out - Other   C B C B     A A     No
204992361           Credit Credit Credit Eligibility Borrower has Credit Report: Original // Borrower:  [Redacted] Credit Report: Original // Borrower: [Redacted] ___ open Tradelines which is less than the minimum required by guidelines.
___ open Tradelines which is less than the minimum required by guidelines.		 Guidelines require 3 established tradelines with 12 months activity prior to date of credit report. Reserves are 13.41 months, 1041 Months > program requirement of 3 months. Reviewer Comment (2018-11-02): Exception waived based on compensating factor.


Reviewer Comment (2018-10-29): No required as only required on persons that are a citizen or US person.
     11/XX/2018  2:33:41 PM 2 B 4/XX/2018 FL Investment Purchase   C B C B     A A     No
204992365           Credit Credit Miscellaneous Credit Exception:   3 year prepayment penalty required for  [Redacted] - Investor DSC program. Prepayment addendum to note only verifies 1 year. Please provide evidence the .75 rate adjustment bought out 2 years of the PP Penalty.   Reviewer Comment (2018-10-29): Seller provided the .x of the adjustment bought out the PP Penalty.
 5/XX/2018  9:11:46 AM     1 A 4/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204992406           Credit Credit Credit Documentation The appraisal does not contain rental analysis and thus casts doubt on the business purpose of the loan.   Subject property is tenant occupied, lease agreement indicates in place monthly rent of $[Redacted], Lender used monthly rent of $[Redacted] for DSC calculation.   Reviewer Comment (2018-10-29): Seller supplied a copy of the 1007 rent schedule from the appraisal with 2275 in estimated monthly rent dated  [Redacted]
 5/XX/2018  10:32:45 AM     1 A 5/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204992406           Credit Credit Miscellaneous Credit Exception:   Evidence of hazard insurance does not reflect borrower as the insured, it reflects the name of borrower's business.   Reviewer Comment (2018-10-29): Per title vesting loan is listed in name of  [Redacted] as listed on HOI policy.


Buyer Comment (2018-10-29): I would like to escalate the opened HOI Exception.  Per the Insurance Company as well as our loan servicing company XXX.  The HOI is on the premises, the individual is an XXX the XXX.  The premises is denoted on the dec page and thereby fully insured per requirements.  Please clear this exception.
 8/XX/2018  3:12:03 PM     1 A 5/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204992436           Credit Credit Miscellaneous Credit Exception:   Lender approved exception to allow credit score of  [Redacted] vs program requirement of  [Redacted] for 70% LTV Borrower has good credit history with no late payments in the past 20 months as well as low balance to credit limit ratios

Borrower has been the XXX

26 months reserves > program requirement of 3 months		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     6/XX/2018  8:55:52 AM 2 B 5/XX/2018 NJ Investment Refinance - Cash-out - Other   C B C B     A A     No
204992449           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage of  [Redacted] does not cover lesser of loan amount of  [Redacted] or 80% of estimated cost new of  [Redacted] No evidence of replacement cost estimator in file.   Reviewer Comment (2018-10-29): Seller provided the updated HOI with xxx,xxx coverage.


Reviewer Comment (2018-10-29): Coverage per HOI  [Redacted] less than 80% of cost new @  [Redacted] Exception remains.


Reviewer Comment (2018-10-29): Seller provided the replacement cost estimate at  [Redacted] - HOI coverage of  [Redacted] remains under amount required. Exception remains.
 6/XX/2018  10:20:28 AM     1 A 5/XX/2018 NJ Investment Refinance - Rate/Term   C B C B     A A     No
204992449           Credit Credit Miscellaneous Credit Exception:   Lender approved exception to allow LTV of [Redacted] vs program maximum of [Redacted] XXX

No public records

DSC of 163% > program requirement of 100%

9 months reserves > program requirement of 3 months		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     6/XX/2018  9:01:29 AM 2 B 5/XX/2018 NJ Investment Refinance - Rate/Term   C B C B     A A     No
204992449           Credit Fix and Flip General FICO score is less than required by guidelines.  Investor requirements for minimum FICO score have not been met.   credit score  [Redacted] vs program requirement of  [Redacted] No lender approved exception.   Reviewer Comment (2018-10-29): Loan meets the min  [Redacted] FICO for SPI5 cash out 65% LTV with  [Redacted] FICO.


Seller Comment (2018-10-29): [Redacted] Requested
 6/XX/2018  12:48:27 PM     1 A 5/XX/2018 NJ Investment Refinance - Rate/Term   C B C B     A A     No
204992472           Credit Credit Miscellaneous Credit Exception:   Lender exception requested not approved. LTV of 70% with credit score of  [Redacted].  Max allowed is 65%   Reviewer Comment (2018-10-29): Meets guides of minimum  [Redacted] FICO (has  [Redacted] FICO) for 70% LTV loan amount up to  [Redacted]
 7/XX/2018  10:04:02 AM     1 A 5/XX/2018 NJ Investment Refinance - Rate/Term   C A C A     A A     No
204992474           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Judgments / Balance:  [Redacted] Missing evidence civil judgment for $ [Redacted] was paid off prior to or at closing.   Reviewer Comment (2018-10-29): Judgement is civil in nature and not on title or attached to property found in  [Redacted] and not transfer to  [Redacted] by Creditor.
 6/XX/2018  4:42:13 PM     1 A 6/XX/2018 PA Investment Refinance - Rate/Term   B A B A     A A     No
204992482           Credit Loan Package Documentation Closing / Title Missing Document: Closing Protection Letter not provided       Reviewer Comment (2018-10-29): Seller provided the CPL dated  [Redacted]
 7/XX/2018  4:13:25 PM     1 A 5/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B     A A     No
204992482           Credit Credit Credit Eligibility Borrower has Credit Report: Original // Borrower:  [Redacted] ___ open Tradelines which is less than the minimum required by guidelines. Lender approved exception. Borrower has 1 open  [Redacted] and 11 closed trade lines vs program requirement of at least 2 trade lines that have been active within the past 12 months. Property is owned free and clear

Borrower is a XXX

Borrower has 1 open mortgage reporting 0x30 since inception (XX/2017)

DSC of 155% > program requirement of 100%

FICO of 677 > program requirement of 640

LTV of 25.69% < program maximum of 65%		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     6/XX/2018  1:39:05 PM 2 B 5/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B     A A     No
204992482           Credit Loan Package Documentation Application / Processing Missing Document: Other not provided   Missing DSC calculator as required per guidelines for  [Redacted] - Investor DSC program   Reviewer Comment (2018-10-29): Seller provided the DSC calculator with a ratio of xxx.xxx% > xxx%minimum required.
 7/XX/2018  4:12:34 PM     1 A 5/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B     A A     No
204992482           Credit Loan Package Documentation Application / Processing Missing Document: Note Addendum - Prepayment not provided   Per guidelines: 3 year prepayment penalty required for  [Redacted] - Investor DSC program. Prepayment addendum to the note in file only has 1 year prepayment penalty.   Reviewer Comment (2018-10-29): Seller provided the rate lock with .x% adjustment and buyout to x year.
 7/XX/2018  4:14:59 PM     1 A 5/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B     A A     Yes
204992482           Credit System General Insurance address does not match Note address.   Zip code on the note is  [Redacted]. Insurance reflects  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the corrected note with zip as [Redacted] signed and dated [Redacted].
 7/XX/2018  10:32:20 AM     1 A 5/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B     A A     No
204992482           Credit System General Flood Certificate Subject Address does not match Note address.   Zip code on the note is  [Redacted]. Flood determination reflects  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the corrected note with zip as [Redacted] signed and dated [Redacted].
 7/XX/2018  10:32:30 AM     1 A 5/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B     A A     No
204992482           Credit System General Valuation address does not match Note address. Valuation Type: Appraisal / Valuation Report Date:  [Redacted] Valuation Type: Desk Review / Valuation Report Date:  [Redacted] Zip code on the note is  [Redacted]. Appraisal and desk review reflect  [Redacted].   Reviewer Comment (2018-10-29): Seller provided the corrected note with zip as [Redacted] signed and dated [Redacted].
 7/XX/2018  10:32:48 AM     1 A 5/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B     A A     No
204992486           Credit Loan Package Documentation Application / Processing Missing Document: Other not provided   Missing DSC calculator as required per guidelines for  [Redacted] - Investor DSC program   Reviewer Comment (2018-10-29): Seller provided the DSC calculator dated  [Redacted] with 100.634% ratio.
 6/XX/2018  9:19:57 AM     1 A 6/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204992486           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage of $ [Redacted] does not cover loan amount of  [Redacted]. No evidence of replacement cost estimator in file.   Reviewer Comment (2018-10-29): Seller provided the HOI with 100% replacement cost dated  [Redacted]
 6/XX/2018  9:21:07 AM     1 A 6/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
204992489           Credit Credit Miscellaneous Credit Exception:   Lender approved exception to allow for escrow holdback of [Redacted] for cost to cure items vs program requirement that escrow holdbacks are not permitted. Per appraisal, missing/broken exterior shingles $[Redacted], broken exterior fascia $[Redacted], first floor front bedroom drop ceiling coming down [Redacted], hole in first floor flooring by waste line to be repaired $[Redacted]. Property owned free and clear

116 months reserves > program requirement of 12 months

LTV of 61.11% < program maximum of 65%		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     6/XX/2018  8:49:40 AM 2 B 6/XX/2018 NY Investment Refinance - Cash-out - Debt Consolidation   C B C B     A A     No
204992489           Credit Loan Package Documentation Closing / Title Missing Document: Closing Protection Letter not provided   Missing the E&O policy   Reviewer Comment (2018-10-29): Seller provided the E&O policy dated [Redacted].
 6/XX/2018  10:27:32 AM     1 A 6/XX/2018 NY Investment Refinance - Cash-out - Debt Consolidation   C B C B     A A     No
204992513           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.       Reviewer Comment (2018-10-29): Seller provided the revised HOI with Lender and ISAOA for the mortgagee clause.
 7/XX/2018  5:44:58 PM     1 A 6/XX/2018 CT Investment Refinance - Rate/Term   C A C A     A A     No
204992513           Credit Loan Package Documentation Application / Processing Missing Document: Note Addendum - Prepayment not provided   Per guidelines: 3 year prepayment penalty required for  [Redacted] - Investor DSC program   Reviewer Comment (2018-10-29): Seller provided the PP Penalty addendum to the note and rider to the security instrument.
 7/XX/2018  11:51:26 AM     1 A 6/XX/2018 CT Investment Refinance - Rate/Term   C A C A     A A     Yes
204992517           Credit Assets Asset Documentation Asset documentation is missing from the file and required per guidelines.   Per final [Redacted], borrower has $[Redacted] in assets with Chase. Most recent bank statements are missing from the file to support. Funds are needed to meet reserve requirement.   Reviewer Comment (2018-10-29): Seller provided theXXXxxxx x/xx/xxxx statement for xx,xx.xx.
 7/XX/2018  1:54:50 PM     1 A 6/XX/2018 CT Investment Refinance - Cash-out - Other   C A C A     A A     No
204992517           Credit Fix and Flip General Insufficient funds for Reserves.       Reviewer Comment (2018-10-29): Seller provided theXXXxxxx x/xx/xxxx statement for xx,xx.xx.
 7/XX/2018  1:54:54 PM     1 A 6/XX/2018 CT Investment Refinance - Cash-out - Other   C A C A     A A     No
204992517           Credit Guideline Guideline Issue Asset verification is less than 2 months verified as required by guidelines. Financial Institution: [Redacted] / End Date: [Redacted] // Account Type:[Redacted]/ Account Number: [Redacted] only [Redacted] days provided please provide an additional statement to cover [Redacted] days as required per guides.   Reviewer Comment (2018-10-29): Seller provided the x/xx/xxxx statement to cover an additional xx days.
 7/XX/2018  11:59:28 AM     1 A 6/XX/2018 CT Investment Refinance - Cash-out - Other   C A C A     A A     No
204992517           Credit Assets Asset Documentation Aged document: Asset Account date is more than 90 days prior to the note. Financial Institution: [Redacted] / End Date: [Redacted] // Account Type:[Redacted]/ Account Number: [Redacted] Statement dated [Redacted] is > [Redacted] days prior to the note date [Redacted].   Reviewer Comment (2018-10-29): Seller provided the x/xx/xxxx statement for xxxx.
 7/XX/2018  11:59:42 AM     1 A 6/XX/2018 CT Investment Refinance - Cash-out - Other   C A C A     A A     No
204992527           Credit Credit Miscellaneous Credit Exception:   Lender approved exception to allow FICO score of  [Redacted] vs program requirement of  [Redacted] for LTV of 65% No public records found

Self-employed for XXX

22 months reserves > program requirement of 3 months		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     7/XX/2018  4:42:20 PM 2 B 6/XX/2018 FL Investment Purchase   C B C B     A A     No
204992536           Credit Missing Document General Missing Document: Verification of Non-US Citizen Status not provided   Per final [Redacted], guarantor is a permanent resident. Missing copy of permanent resident alien card.   Reviewer Comment (2018-10-29): Seller provided copy of the L1 visa with expiration date [Redacted]  and SSI card valid for work only.
 7/XX/2018  2:54:54 PM     1 A 6/XX/2018 FL Investment Purchase   C A C A     A A     No
204992542           Credit Assets Asset Documentation Guideline Issue:Insufficient asset documentation.   File is missing pages for  [Redacted] bank statement dated  [Redacted] Unable to verify transaction activity. Based on review, borrower's balance on account # [Redacted] increased from $ [Redacted]to $ [Redacted]. Need to verify source of large deposits.   Reviewer Comment (2018-10-29): Seller provided a letter dated  [Redacted] from the   [Redacted] regarding the distribution from the  [Redacted] to the borrower for the source of the large deposit made on  [Redacted]


Buyer Comment (2018-10-29): Letter from Trustee for the  [Redacted] deposit


Reviewer Comment (2018-10-29): Seller provided the CFE statement reflecting the [Redacted] statement with the  [Redacted] deposit by check please provide source of large deposit in the amount of  [Redacted] Exception remains.


Reviewer Comment (2018-10-29): incorrectly cleared


Reviewer Comment (2018-10-29): Seller provided copy of the  [Redacted]account  [Redacted] in the amount of  [Redacted] which covers sufficient funds to close - not including in  [Redacted] gift funds.
 8/XX/2018  3:48:49 PM     1 A 7/XX/2018 FL Investment Purchase   C A C A     A A     No
204992542           Credit Assets Asset Documentation Asset Issue:  Gift funds are missing evidence of receipt   Gift letter in file for $ [Redacted]. Missing evidence of donor's ability to provide the gift funds. Evidence that sufficient funds to cover the gift are either in the donor's account or have been transferred to the borrower's account is required.   Reviewer Comment (2018-10-29): Seller provided copy of the trust account  [Redacted] in the amount of  [Redacted] which covers sufficient funds to close - not including in  [Redacted] gift funds.
 7/XX/2018  3:39:11 PM     1 A 7/XX/2018 FL Investment Purchase   C A C A     A A     No
204992543           Credit Loan Package Documentation Application / Processing Missing Document: Other not provided   Missing DSC calculator as required per guidelines for  [Redacted]- Investor DSC program   Reviewer Comment (2018-10-29): Seller provided the DSC ratio calculator with passing ratio of 135.010% dated 7/XX/[Redacted].
 7/XX/2018  12:54:11 PM     1 A 6/XX/2018 MD Investment Refinance - Rate/Term   C A C A     A A     No
204992551           Credit Loan Package Documentation Closing / Title Missing Document: Title Preliminary not provided       Reviewer Comment (2018-10-29): Seller provided the title commitment dated  [Redacted].
 7/XX/2018  11:40:43 AM     1 A 7/XX/2018 NC Investment Refinance - Cash-out - Other   C A C A     A A     No
204992551           Credit Insurance Insurance Analysis Hazard Insurance Policy expires within 90 days of the Note Date.       Reviewer Comment (2018-10-29): Seller provided the final HUS with xx months HOI collected at closing in the amount if xxxx.xx which matches the annual premium.
 7/XX/2018  11:43:24 AM     1 A 7/XX/2018 NC Investment Refinance - Cash-out - Other   C A C A     A A     No
204992551           Credit Legal / Regulatory / Compliance Title / Lien Defect Final Title Policy is missing. No evidence of title in file.       Reviewer Comment (2018-10-29): Seller provided the title commitment
 7/XX/2018  11:40:16 AM     1 A 7/XX/2018 NC Investment Refinance - Cash-out - Other   C A C A     A A     No
204992551           Credit System General Flood Certificate Subject Address does not match Note address.   Note reflects subject address of  [Redacted]. Flood shows  [Redacted]   Reviewer Comment (2018-10-29): Seller provided the revised flood cert with address as  [Redacted]
 7/XX/2018  11:34:55 AM     1 A 7/XX/2018 NC Investment Refinance - Cash-out - Other   C A C A     A A     No
204992551           Credit Legal / Regulatory / Compliance Title / Lien Defect Title Policy Coverage is less than Original Loan Amount.       Reviewer Comment (2018-10-29): Seller provided the revised title commitment dated  [Redacted] for  [Redacted]
 7/XX/2018  11:33:29 AM     1 A 7/XX/2018 NC Investment Refinance - Cash-out - Other   C A C A     A A     No
204992561           Credit Credit Credit Eligibility Borrower has Credit Report: Original // Borrower:  [Redacted] ___ open Tradelines which is less than the minimum required by guidelines. Lender approved exception to allow borrower 1 closed (XX/2014-XX/2017) and 1 active (opened XX/2016) trade line vs program requirement of at least 2 trade lines that have been active within the past 12 months. No public records

Borrower is self-employed

118 months reserves > program requirement of 3 months

DSC of 184% > program requirement of 100%		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     7/XX/2018  2:34:07 PM 2 B 7/XX/2018 FL Investment Refinance - Cash-out - Other   C B C B     A A     No
204992562           Credit Loan Package Documentation Closing / Title Missing Document: Closing Protection Letter not provided   Exception for missing E&O policy with minimum coverage of $500,000 per claim and $1,000,000 in aggregate with a deductible of no more than $5,000. The title insurer must have an "A" or better rating from XXX rating service.   Reviewer Comment (2018-10-29): Seller provided the E&O policy with 2,00,000 per claim coverage dated  [Redacted]
 7/XX/2018  12:28:37 PM     1 A 6/XX/2018 NY Investment Purchase   C A C A     A A     No
204992562           Credit Loan Package Documentation Application / Processing Missing Document: Note Addendum - Prepayment not provided   Per guidelines: 3 year prepayment penalty required for  [Redacted] - Investor DSC program   Reviewer Comment (2018-10-29): Seller provided the Lock with adjustments of x.xx and buyout for .xx.
 7/XX/2018  12:09:04 PM     1 A 6/XX/2018 NY Investment Purchase   C A C A     A A     Yes
204992562           Credit Loan Package Documentation Application / Processing Missing Document: Other not provided   Missing DSC calculator as required per guidelines for  [Redacted] - Investor DSC program   Reviewer Comment (2018-10-29): Seller provided the DSCR income calculation dated [Redacted] with ratio of 101.27% > minimum required of 100%.
 7/XX/2018  12:07:47 PM     1 A 6/XX/2018 NY Investment Purchase   C A C A     A A     No
204992562           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage of $ [Redacted] does not cover the lesser of the loan amount of $vor estimated cost new of $ [Redacted]. No evidence of replacement cost estimator in file.   Reviewer Comment (2018-10-29): Seller provided the replacement cost estimate for  [Redacted]
 7/XX/2018  12:06:13 PM     1 A 6/XX/2018 NY Investment Purchase   C A C A     A A     No
204992581           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Appraisal dated 5/XX/2018 with no damage dated after the declared disaster date 1/XX/2018. Reviewer Comment (2018-10-29): [Redacted] has elected to waive with compensating factor.
     8/XX/2018  11:22:38 AM 2 B 7/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B     A A     No
204992581           Credit Missing Document Appraisal Documentation The appraisal is missing from file and required by guidelines.   Appraisal is missing from loan docs   Reviewer Comment (2018-10-29): Seller provided the appraisal dated  [Redacted]
 8/XX/2018  11:21:45 AM     1 A 7/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B     A A     No
204992581           Credit Credit Miscellaneous Credit Exception:   Unable to calculate DSC ratio as missing appraisal with monthly rental income schedule.   Reviewer Comment (2018-10-29): Seller provided the appraisal with market rent meets minimum DSC at x.xx > xxx%
 8/XX/2018  11:21:29 AM     1 A 7/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B     A A     No
204992593           Credit Loan Package Documentation Closing / Title Missing Document: Closing Protection Letter not provided   Exception for missing E&O policy with minimum coverage of $500,000 per claim and $1,000,000 in aggregate with a deductible of no more than $5,000. The title insurer must have an "A" or better rating from XXX rating service. Borrower with current employer, XXX, as XXX, 10yrs.

DSC is 125.520%, 25.520% > program requirement of 100%

Credit score of 711, 31 points > program requirements of 680.		 Reviewer Comment (2018-10-29): Seller provided exception approval for E&O deductible is $xx,xxx.xx vs program max of no more than $xxxx.xx.


Buyer Comment (2018-10-29): Exception for E&O deductible has been uploaded for your review.


Reviewer Comment (2018-10-29): [Redacted] incorrectly waived this exception.


Buyer Comment (2018-10-29): Waive


Reviewer Comment (2018-10-29): E&O policy provided is with xx,xxx deductible guides require a maximum of x,xxx. Exception remains.


Reviewer Comment (2018-10-29): Seller provided the E&O policy with x,xxx,xxx on coverage and xx,xxx deductible > x,xxx maximum allowable. Exception remains.
     10/XX/2018  2:03:41 PM 2 B 7/XX/2018 NY Investment Purchase   C B C B     A A     No
204992593           Credit Loan Package Documentation Application / Processing Missing Document: Other not provided   Missing DSC calculator as required per guidelines for [Redacted] - Investor DSC program   Reviewer Comment (2018-10-29): Seller provided the DSC calc dated  [Redacted] with ratio of 125.52%
 8/XX/2018  1:18:38 PM     1 A 7/XX/2018 NY Investment Purchase   C B C B     A A     No
204992600           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy.   Lender approved exception to allow LTV of [Redacted] vs program maximum of [Redacted]   Reviewer Comment (2018-10-29): 62.92% LTV is < 68% based on appraised value of  [Redacted] review is  [Redacted] within 10%).


Reviewer Comment (2018-10-29): Waived in error as LTV is based on appraised value not desk value.


Reviewer Comment (2018-10-29): [Redacted] has elected to waive this exception based on compensating factors.
 8/XX/2018  3:08:11 PM     1 A 7/XX/2018 NJ Investment Refinance - Cash-out - Debt Consolidation   C A C A     A A     No
204992604           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Lender approved exception to allow FICO of  [Redacted] vs program requirement of  [Redacted] No Public Records

Borrower owns XXX as a self-employed XXX for the past XXX years

DSC is 155% > program requirement of 100%

Reserves are 27.28 months > program requirement of 3 months		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     8/XX/2018  11:57:34 AM 2 B 8/XX/2018 MD Investment Refinance - Cash-out - Other   C B C B     A A     No
204992604           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Minimum Loan Amount discrepancy. Note loan amount of ___ is less than Guideline minimum loan amount of ___. Lender approved exception to allow loan amount of $ [Redacted] vs program minimum of $ [Redacted] No Public Records

Borrower owns XXX as a self-employed XXX for the past XXX years

DSC is 155% > program requirement of 100%

Reserves are 27.28 months > program requirement of 3 months		 Reviewer Comment (2018-10-29): [Redacted] has elected to waive this requirement based on compensating factors.
     8/XX/2018  11:57:43 AM 2 B 8/XX/2018 MD Investment Refinance - Cash-out - Other   C B C B     A A     No
204992606           Credit Credit Miscellaneous Credit Exception:   Missing lease for unit XXX in order to verify gross monthly rents. DSCR calculator is using monthly rents of $ [Redacted] per month. Rent schedule on appraisal shows amount current rent is $ [Redacted] and market rent is $ [Redacted]. Market rent of $ [Redacted] should be used.   Reviewer Comment (2018-10-29): Seller provided a revised DSC calculator dated  [Redacted] with rental amount used of 2450.00 market rent and a DSC ratio of 182.228%


Buyer Comment (2018-10-29): Please see Ix DSC CALCULATOR
 8/XX/2018  4:28:58 PM     1 A 8/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
204992606           Credit Credit Miscellaneous Credit Exception:   Guarantor,  [Redacted] is not the sole member of borrowing entity. File does not contain a copy of the evidence granting the Member signing authority to sign on behalf of the XXX.   Reviewer Comment (2018-10-29): Note is signed by  [Redacted] and mortgage by both managing members  [Redacted].


Buyer Comment (2018-10-29): Please see MORTGAGE page xx reflects all members signed therefore authorizing the transaction
 8/XX/2018  1:29:08 PM     1 A 8/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
204992607           Credit Credit Miscellaneous Credit Exception:   Guarantor,  [Redacted], is not the sole member of borrowing entity. File does not contain a copy of the evidence granting the Member signing authority to sign on behalf of the XXX.   Reviewer Comment (2018-10-29): Note is signed by  [Redacted] and the mortgage by both managing members [Redacted].


Buyer Comment (2018-10-29): Please see MORTGAGE page x reflects all members signed therefore authorized the transaction
 8/XX/2018  11:09:59 AM     1 A 8/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
204998943           Credit Guideline Guideline Issue Life Rate Floor and/or Cap is ineligible per guidelines.   The Life Rate floor as stated on the Note of x% is lower than the start rate of [Redacted] Time on Job of 5 years or greater. Co-borrower employed with XXX for 9 years.

Borrower on this Full documentation loan has a disposable income of $22,401.57

PITIA reserves above minimum by 6 months or greater. 26 vs 9 required.

DTI below max by 5% or greater		 Reviewer Comment (2018-10-30): Client elects to waive this condition with compensating factors.


Buyer Comment (2018-10-30): XXXXX elects to waive with compensating factors:

DTI below max by 5% or greater
PITIA reserves above minimum by 6 months or greater. 26 vs 9 required.
Borrower on this Full documentation loan has a disposable income of  [Redacted]
Time on Job of 5 years or greater. Co-borrower employed with  [Redacted] for 9 years.
     12/XX/2017  10:16:18 AM 2 B 11/XX/2017 NV Primary Purchase   C B C B C B A A UTD Higher Priced QM No
204998943           Credit Loan Package Documentation Application / Processing Missing Document: Other not provided   Borrower ATR not located in file.   Reviewer Comment (2018-10-30): ATR cert provided.


Buyer Comment (2018-10-30): please see ATR
 12/XX/2017  4:26:45 PM     1 A 11/XX/2017 NV Primary Purchase   C B C B C B A A UTD Higher Priced QM No
204998943           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.26640% or Final Disclosure APR of 7.82700% is in excess of allowable threshold of APOR 3.72% + 2.5%, or 6.22000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2018-10-30): Compliant Higher Priced Mortgage Loan.
     11/XX/2017  9:16:17 AM 1 A 11/XX/2017 NV Primary Purchase   C B C B C B A A UTD Higher Priced QM No
204998943           Compliance Compliance Federal Compliance Unknown Loan Designation Ability to Repay (Dodd-Frank 2014): Originator Loan Designation not provided. Due Diligence Loan Designation is Higher Priced QM. The section of the  [Redacted] submission sheet was not marked to specify the designation.   Reviewer Comment (2018-10-30): XXXXX submission provided.


Buyer Comment (2018-10-30): please see XXXXX Sub form
 12/04/2017     1 A 11/XX/2017 NV Primary Purchase   C B C B C B A A UTD Higher Priced QM Yes
204998943           Compliance Compliance Federal Compliance TRID Final Closing Disclosure AIR Table Minimum Interest Rate TILA-RESPA Integrated Disclosure - Adjustable Interest Rate Table: Final Closing Disclosure provided on xxxxx,disclosed a Minimum Interest Rate that does not match the actual minimum interest rate for the loan. (Finalxxxxx, The Note reflects the Life rate minimum as the Margin, which is X%, and the Final Consumer Closing Disclosure reflects the minimum rate at 7.75%   Reviewer Comment (2018-10-30): PC CD was provided correcting the issue.  The PC CD was accompanied by a letter of explanation to the borrower.  This is the appropriate documentation required to cure the exception.


Buyer Comment (2018-10-30): please see PC CD
   12/XX/2017  4:29:38 PM   2 B 11/XX/2017 NV Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A UTD Higher Priced QM Yes
204998943           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Negative Fees TRID-RESPA Integrated Disclosure - Final Closing Disclosure provided on xxxxx disclosed a negative fee amount. xxxxx The Seller Fee for Title -Owners Policy was reflected as -$698.00   Buyer Comment (2018-10-30): Non-material:  The negative symbol is there to tell the borrower that those funds were taken ( subtracted) from their loan amount/proceeds (which is a positive number).
     12/XX/2017  1:31:57 PM 2 B 11/XX/2017 NV Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A UTD Higher Priced QM Yes
204998943           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided onxxxx disclosed a periodic principal and interest payment for payment stream 2 that does not match the actual payment for the loan. (xxxxx The Note reflects the Life rate minimum as the Margin, which is X%, and the Final Consumer Closing Disclosure reflects the minimum rate at 7.75%   Reviewer Comment (2018-10-30): PC CD was provided correcting the issue.  The PC CD was accompanied by a letter of explanation to the borrower.  This is the appropriate documentation required to cure the exception.
   12/XX/2017  4:29:54 PM   2 B 11/XX/2017 NV Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A UTD Higher Priced QM Yes
204998943           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on xxxxx disclosed a periodic principal and interest payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/316499) The Note reflects the Life rate minimum as the Margin, which is X%, and the Final Consumer Closing Disclosure reflects the minimum rate at 7.75%   Reviewer Comment (2018-10-30): PC CD was provided correcting the issue.  The PC CD was accompanied by a letter of explanation to the borrower.  This is the appropriate documentation required to cure the exception.
   12/XX/2017  4:30:11 PM   2 B 11/XX/2017 NV Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A UTD Higher Priced QM Yes
204998943           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on xxxxx disclosed a periodic principal and interest payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/316500) The Note reflects the Life rate minimum as the Margin, which is X%, and the Final Consumer Closing Disclosure reflects the minimum rate at 7.75%   Reviewer Comment (2018-10-30): PC CD was provided correcting the issue.  The PC CD was accompanied by a letter of explanation to the borrower.  This is the appropriate documentation required to cure the exception.
   12/XX/2017  4:30:54 PM   2 B 11/XX/2017 NV Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A UTD Higher Priced QM Yes
204998943           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on xxxxx,disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (Finaxxxxx, The Note reflects the Life rate minimum as the Margin, which is X%, and the Final Consumer Closing Disclosure reflects the minimum rate at 7.75%   Reviewer Comment (2018-10-30): PC CD was provided correcting the issue.  The PC CD was accompanied by a letter of explanation to the borrower.  This is the appropriate documentation required to cure the exception.
   12/XX/2017  4:31:08 PM   2 B 11/XX/2017 NV Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A UTD Higher Priced QM Yes
204998943           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on xxxxx disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. Xxxxx Result of fees for Transfer Tax and Recording Fees over tolerance.   Reviewer Comment (2018-10-30): Cured at closing


Buyer Comment (2018-10-30): xx% tolerance issue was submitted and cleared.  This exception should be cleared as well.
   12/XX/2017  10:18:21 AM   2 B 11/XX/2017 NV Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A UTD Higher Priced QM Yes
204998943           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $XXX exceeds tolerance of $110.00 plus 10% or $XXX.  Insufficient or no cure was provided to the borrower. (0) The Recording fees increased from $110 to $160 without a valid changed circumstance in file.  Buyer and seller each paid $80 mortgage and deed recording fees per closing CD, seller's CD and xxxx settlement statement in file.  Purchase contract indicates buyer pays all recording fees.   Reviewer Comment (2018-10-30): Title agent email verified that seller paid fees were seller's responsibility.


Buyer Comment (2018-10-30): please see cure docs
 12/04/2017     1 A 11/XX/2017 NV 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 UTD Higher Priced QM Yes
204998943           Compliance Compliance Federal Compliance 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 $0.00.  Insufficient or no cure was provided to the borrower. (8304) Borrower paid Transfer Taxes of $ [Redacted] exceeds tolerance of $0. This fee was not disclosed on the Loan Estimate. The Final closing Disclosure reflects a Lender Credit of $ [Redacted] for the increase in closing costs above legal limit and will be cured upon resolution of 10% tolerance.   Reviewer Comment (2018-10-30): Cured at closing.


Buyer Comment (2018-10-30): xx% tolerance issue was submitted and cleared.  This exception should be cleared as well.
   12/XX/2017  10:18:01 AM   2 B 11/XX/2017 NV 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 UTD Higher Priced QM Yes
204998943           Compliance Compliance Federal Compliance 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. (Finalxxxxx, The Final Consumer Closing Disclosure did not reflect any of the Seller Fees   Buyer Comment (2018-10-30): Non-material:  Seller paid fees on bwr's CD were the only seller paid fees on behalf of borrower.  Additional Fees on the Seller CD were costs to the seller.  Seller Fees did not include any borrower closing costs that increased and were switched to seller-paid.
     12/XX/2017  1:36:53 PM 2 B 11/XX/2017 NV Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A UTD Higher Priced QM Yes
204998943           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. The subject property is a New PUD. Maximum LTV is [Redacted] Time on Job of 5 years or greater. Co-borrower employed with XXX for 9 years.

Borrower on this Full documentation loan has a disposable income of $22,401.57

PITIA reserves above minimum by 6 months or greater. 26 vs 9 required.

DTI below max by 5% or greater		 Reviewer Comment (2018-10-30): Client elects to waive this condition with compensating factors.


Buyer Comment (2018-10-30): XXXXX elects to waive with compensating factors:

DTI below max by 5% or greater
PITIA reserves above minimum by 6 months or greater. 26 vs 9 required.
Borrower on this Full documentation loan has a disposable income of  [Redacted]
Time on Job of 5 years or greater. Co-borrower employed with  [Redacted] for 9 years
     12/XX/2017  10:18:44 AM 2 B 11/XX/2017 NV Primary Purchase   C B C B C B A A UTD Higher Priced QM No
204998943           Compliance Compliance Federal Compliance Check Restated Loan Designation Match - QM / ATR Ability to Repay / Qualified Mortgage (Dodd-Frank 2014): The initial Loan Designation provided did not match, however, the updated Loan Designation of Higher Priced QM matches the Due Diligence Loan Designation of Higher Priced QM.     Reviewer Comment (2018-10-30): XXXXX submission as HP was provided.
   12/04/2017   2 B 11/XX/2017 NV Primary Purchase Lender to provide updated ATR/QM status C B C B C B A A UTD Higher Priced QM No
206161698           Credit Fix and Flip General There is no Hazard Insurance Policy listed for this property Address: [Redacted]     Reviewer Comment (2019-02-22): Document provided
 9/XX/2018  1:30:57 PM     1 A 8/XX/2018   Investment Refinance - Rate/Term   C A C A     A A     No
206161698           Credit Loan Package Documentation Application / Processing Missing Document: Background Check not provided   Provide the Background checks for the x additional owners of the borrowing entity.   Reviewer Comment (2019-02-22): Documents provided
 9/XX/2018  1:27:48 PM     1 A 8/XX/2018   Investment Refinance - Rate/Term   C A C A     A A     No
206161699           Credit Loan Package Documentation Application / Processing Missing Document: Mortgage Loan Payoff Statement not provided       Reviewer Comment (2019-02-22): Document provided
 10/XX/2018  10:52:51 AM     1 A 9/XX/2018   Investment Refinance - Cash-out - Other   C A C A     A A     No
206161699           Credit Loan Package Documentation Application / Processing Missing Document: Background Check not provided   Provide the background check for XXX   Reviewer Comment (2019-02-22): Document provided
 10/XX/2018  10:53:03 AM     1 A 9/XX/2018   Investment Refinance - Cash-out - Other   C A C A     A A     No
206161700           Credit Loan Package Documentation Application / Processing Missing Document: Operating Agreement not provided   Operating Agreements provided in the file are not for the borrowing entity.   Reviewer Comment (2019-02-22): Per EIN sole member. Articles of Inc in file.


Buyer Comment (2019-02-22): Operating Agreement not required / EIN letter indicates "sole member"
 10/XX/2018  8:43:41 AM     1 A 9/XX/2018   Investment Refinance - Cash-out - Other   C B C B     A A     No
206161700           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Address: [Redacted] Disaster Name: ___
Disaster Declaration Date: ___
Disaster Name: ___
Disaster Declaration Date: ___
Disaster Name: ___
Disaster Declaration Date: ___
Disaster Name: ___
Disaster Declaration Date: ___
Disaster Name: ___
Disaster Declaration Date: ___
Disaster Name: ___
Disaster Declaration Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   PDI provided confirming no damages to subject property, due diligence vendor requires an exception as no FEMA declared end date established. Reviewer Comment (2019-02-22): PDI received reflecting No Damage. Client elects to waive. Exception must be graded a B as there is no given end date to the disaster declared by FEMA
     10/XX/2018  2:07:24 PM 2 B 9/XX/2018   Investment Refinance - Cash-out - Other   C B C B     A A     No
206161700           Credit Legal / Regulatory / Compliance Title / Lien Defect Title Policy Coverage is less than Original Loan Amount.       Reviewer Comment (2019-02-22): Document provided
 10/XX/2018  8:42:53 AM     1 A 9/XX/2018   Investment Refinance - Cash-out - Other   C B C B     A A     No
206161700           Credit Loan Package Documentation Application / Processing Missing Document: Tax Certificate not provided   Provide for all properties to accurately calculate the DSCR   Reviewer Comment (2019-02-22): Disbursement ledger reflects disbursed tax amount combined with appraisals acceptable.
 10/XX/2018  8:42:21 AM     1 A 9/XX/2018   Investment Refinance - Cash-out - Other   C B C B     A A     No
206161701           Credit Loan Package Documentation Application / Processing Missing Document: Tax Certificate not provided   Provide tax certificates for each property to accurately calculate DSCR   Reviewer Comment (2019-02-22): Documents provided
 10/XX/2018  3:12:57 PM     1 A 10/XX/2018   Investment Refinance - Cash-out - Other   C A C A     A A     No
206161702           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Replacement cost indicator not found in file Insurance coverage at $105,000 covers loan amount so lender interest will be protected. Difference in coverage between current and required is marginal. Reviewer Comment (2019-02-22): Client elects to waive guideline requirement


Reviewer Comment (2019-02-22): Updated policy provided, however coverage is still insufficient. Guidelines require coverage to be xx% of insurable value (appraised value - estimated site value x xx%) which is $xxx,xxx. Provide sufficient coverage or the replacement cost agency indicator.
     11/XX/2018  11:39:22 AM 2 B 10/04/2018 MI Investment Refinance - Cash-out - Other   C B C B     A A     No
206161702           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2019-02-22): Document provided
 10/XX/2018  3:30:30 PM     1 A 10/04/2018 MI Investment Refinance - Cash-out - Other   C B C B     A A     No
206161703           Credit Loan Package Documentation Closing / Title Security Instrument is not signed by borrower(s).       Reviewer Comment (2019-02-22): Document provided
 10/XX/2018  6:10:12 PM     1 A 10/XX/2018 FL Investment Refinance - Cash-out - Other   D A D A     A A     No
206161703           Credit Loan Package Documentation Application / Processing Missing Document: Corporate Resolution not provided   Not signed or dated - doc id [Redacted]   Reviewer Comment (2019-02-22): Document provided
 10/XX/2018  6:11:16 PM     1 A 10/XX/2018 FL Investment Refinance - Cash-out - Other   D A D A     A A     No
206161703           Credit Loan Package Documentation Application / Processing Missing Document: Guarantor Agreement not provided   Not signed or dated - doc id [Redacted]   Reviewer Comment (2019-02-22): Document provided
 10/XX/2018  6:09:17 PM     1 A 10/XX/2018 FL Investment Refinance - Cash-out - Other   D A D A     A A     No
206161703           Credit Loan Package Documentation Closing / Title Missing Document: Note - Subject Lien not provided   Not signed or dated - doc id [Redacted]   Reviewer Comment (2019-02-22): Document provided
 10/XX/2018  6:09:54 PM     1 A 10/XX/2018 FL Investment Refinance - Cash-out - Other   D A D A     A A     No
206161703           Credit Loan Package Documentation Application / Processing Missing Document: Employer Identification Number (EIN) not provided       Reviewer Comment (2019-02-22): Document provided
 10/XX/2018  6:08:19 PM     1 A 10/XX/2018 FL Investment Refinance - Cash-out - Other   D A D A     A A     No
206161703           Credit Credit Credit Calculation / Analysis Guideline Issue:  Insufficient tradelines per credit guidelines   At least one tradeline should be active for the most recent 12 months along with an additional 2 tradelines within 12 months. Only 1 tradeline can be authorized user account.   Reviewer Comment (2019-02-22): Per guidelines, borrower should have x tradelines, one open and active for xx months and x reported within the last xx months (x tradeline can be an authorized user account) Guidelines met.


Buyer Comment (2019-02-22): Per guidelines pg x, at least x trade line should be active for the most recent xx months (which we have), along with an additional x trade lines reported within the last xx months (making DLA irrelevant). Please clear, thank you!
 11/XX/2018  5:39:44 PM     1 A 10/XX/2018 FL Investment Refinance - Cash-out - Other   D A D A     A A     No
206161703           Credit Loan Package Documentation Application / Processing Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided   Provide the deed transferring the property to the entity   Reviewer Comment (2019-02-22): Documents provided
 10/XX/2018  2:46:43 PM     1 A 10/XX/2018 FL Investment Refinance - Cash-out - Other   D A D A     A A     No
206161703           Credit Credit Miscellaneous Credit Exception:   Per guidelines, taxes and insurance are required to be escrowed. hud 1 does not reflect flood is escrowed.   Reviewer Comment (2019-02-22): Corrected HUD-x provided reflecting escrows.


Reviewer Comment (2019-02-22): HUD-x uploaded still does not reflect Flood Escrows. Line xxxx reflects x months collected at $xx.xx/mo totaling $xxx.xx collected in escrows. The HOI monthly premium is $xxx.xx/mo and the Flood Insurance premium is $xx.xx/mo for a total monthly premium of $xxx.xx/mo. in which collected at x months would be $xxx.xx.


Reviewer Comment (2019-02-22): Pending receipt of corrected HUD-x per lender


Buyer Comment (2019-02-22): I am requesting an updated HUD. It appears the lines were incorrect. The Flood/Insurance escrow is for $xxx.xx per month.
 11/XX/2018  11:08:28 AM     1 A 10/XX/2018 FL Investment Refinance - Cash-out - Other   D A D A     A A     No
206161704           Credit Loan Package Documentation Application / Processing Missing Document: Background Check not provided       Reviewer Comment (2019-02-22): Document provided
 10/XX/2018  3:29:09 PM     1 A 10/XX/2018 IL Investment Refinance - Cash-out - Other   C A C A     A A     No
206161704           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason.   Reviewer Comment (2019-02-22): Document provided
 10/XX/2018  3:29:23 PM     1 A 10/XX/2018 IL Investment Refinance - Cash-out - Other   C A C A     A A     No
206161704           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Dwelling coverage dos not cover [Redacted] of the insurable value (total appraised value minus the estimated site value) required to compensate for damage or loss. Replacement cost indicator not provided in file.   Reviewer Comment (2019-02-22): Confirmation from HOI company received.


Reviewer Comment (2019-02-22): Confirmation from the insurance company will need to be provided that the $XXX coverage is on the XXX and not on the property on XXX


Buyer Comment (2019-02-22): Please be advised that the higher coverage limit is for this property. Please note the higher premium listed for xxxx XXX (REDACTED). Premise x Bldg x on the policy is for xxxx XXX (REDACTED). Our escrows match this as well.


Reviewer Comment (2019-02-22): Email sent to Ops XXX. Premise x coverage is for a different property per premium and Cert of Liability in file.
 11/XX/2018  4:11:41 PM     1 A 10/XX/2018 IL Investment Refinance - Cash-out - Other   C A C A     A A     No
206161705           Credit Loan Package Documentation Closing / Title Missing Document: Note - Subject Lien not provided       Reviewer Comment (2019-02-22): Document provided
 11/XX/2018  4:13:54 PM     1 A 10/XX/2018 CA Investment Refinance - Cash-out - Other   D A D A     A A     No
206161705           Credit Loan Package Documentation Application / Processing Missing Document: Assignment of Leases/Rents not provided       Reviewer Comment (2019-02-22): Document provided
 11/XX/2018  4:10:27 PM     1 A 10/XX/2018 CA Investment Refinance - Cash-out - Other   D A D A     A A     No
206161705           Credit Loan Package Documentation Application / Processing Missing Document: Business Purpose Certificate not provided       Reviewer Comment (2019-02-22): Document provided
 11/XX/2018  4:09:53 PM     1 A 10/XX/2018 CA Investment Refinance - Cash-out - Other   D A D A     A A     No
206161705           Credit Loan Package Documentation Application / Processing Missing Document: Guarantor Agreement not provided       Reviewer Comment (2019-02-22): Document provided
 11/XX/2018  4:10:09 PM     1 A 10/XX/2018 CA Investment Refinance - Cash-out - Other   D A D A     A A     No
206161705           Credit Loan Package Documentation Closing / Title Missing Document: Security Instrument not provided       Reviewer Comment (2019-02-22): Document provided
 11/XX/2018  4:10:43 PM     1 A 10/XX/2018 CA Investment Refinance - Cash-out - Other   D A D A     A A     No
206161705           Credit Loan Package Documentation Application / Processing Missing Document: Corporate Resolution not provided       Reviewer Comment (2019-02-22): Document provided
 11/XX/2018  4:09:23 PM     1 A 10/XX/2018 CA Investment Refinance - Cash-out - Other   D A D A     A A     No
206161705           Credit Credit Miscellaneous Credit Exception:   The appraiser does not mention nor take pictures of Unit A's  water heater to confirm it is double strapped (or tankless) as required per CA state law.   Reviewer Comment (2019-02-22): xxx provided
 11/XX/2018  2:41:49 PM     1 A 10/XX/2018 CA Investment Refinance - Cash-out - Other   D A D A     A A     No
206161706           Credit Insurance Insurance Analysis Hazard Insurance Policy expires within 90 days of the Note Date. Hazard Insurance Policy Expiration Date ___, Note Date ___ Per guidelines, insurance policy must be good for [Redacted] days after closing. Policy does not reflect automatic renewal.   Reviewer Comment (2019-02-22): Paid invoice provided. Credit to borrower from agency. On auto pay as well.


Buyer Comment (2019-02-22): Invoice showing split xxxx & xxxx premiums and paid receipt showing a credit due to borrower uploaded to satisfy condition.


Reviewer Comment (2019-02-22): Invoice only states xxxx-xxxx term paid in full. Does not reflect dates. Policy in file (with a premium that matches the invoice) is from x/x/xxxx-x/x/xxxx which co-incides with this. Provide evidence from the HOI agency confirming policy is paid through xx/xx/xxxx. Condition remains.
 11/XX/2018  4:08:25 PM     1 A 10/XX/2018 MI Investment Refinance - Cash-out - Other   C B C B     A A     No
206161706           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___.   Guarantor has been doing business with Lender since 2017 and has closed 6 loans with 4 being paid off and 1 a rental. Minimum DSCR 1.30. Reviewer Comment (2019-02-22): Client elects to waive guideline requirement
     11/XX/2018  10:33:32 AM 2 B 10/XX/2018 MI Investment Refinance - Cash-out - Other   C B C B     A A     No
206161706           Credit Loan Package Documentation Application / Processing Missing Document: Background Check not provided   Provide the full background check for the Guarantor. Only Criminal record search provided.   Reviewer Comment (2019-02-22): Document provided
 11/XX/2018  2:58:16 PM     1 A 10/XX/2018 MI Investment Refinance - Cash-out - Other   C B C B     A A     No
206161706           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard insurance dwelling coverage of [Redacted] is insufficient to cover [Redacted] of insured value per guidelines. Policy reflects Replacement Cost excluded.   Reviewer Comment (2019-02-22): Per lender email, they consider replacement cost listed on policy as xxx%.


Buyer Comment (2019-02-22): Please see highlighted area explicitly stating Replacement Cost
 11/XX/2018  2:58:55 PM     1 A 10/XX/2018 MI Investment Refinance - Cash-out - Other   C B C B     A A     No
206161707           Credit Loan Package Documentation Loan File Missing Document: Hazard Insurance Policy not provided   Must contain x months rent loss insurance.   Reviewer Comment (2019-02-22): Document provided


Reviewer Comment (2019-02-22): HOI does not reflect Lender + ISAOA
 11/XX/2018  3:12:46 PM     1 A 11/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
206161708           Credit Fix and Flip General FICO score is less than required by guidelines.  Investor requirements for minimum FICO score have not been met.   Non-Guarantor is [Redacted] XXX borrower entity with rep FICO of [Redacted] which does not meet minimum required. Lender exception in file, however comp factors are incorrect. Loan file does not support $[Redacted] cash available. Please update comp factor. Highly experienced borrower, $38K in assets, 1.47 DSCR. Property is leased. R/T. Guarantor supports file with 780 FICO. Strong repeat borrower with many closed/paid off deals with Lender Reviewer Comment (2019-02-22): Client elects to waive guideline requirement
     11/XX/2018  2:28:25 PM 2 B 11/XX/2018 PA Investment Refinance - Rate/Term   C B C B     A A     No
206161708           Credit Credit Miscellaneous Credit Exception:   The Non-Guarantor has > $[Redacted] in open liens per the background check. Provide evidence released/paid.   Reviewer Comment (2019-02-22): Guidelines do not require liens on non-Guarantor background check to be addressed.


Buyer Comment (2019-02-22): Credit section of guidelines does NOT pertain to non-guarantors.  This notion is listed on the guidelines.
 11/XX/2018  2:31:08 PM     1 A 11/XX/2018 PA Investment Refinance - Rate/Term   C B C B     A A     No
206161709           Credit Loan Package Documentation Closing / Title Missing Document: Note - Subject Lien not provided       Reviewer Comment (2019-02-22): Note provided


Buyer Comment (2019-02-22): Please see executed loan package uploaded to clear all conditions
 11/XX/2018  2:46:10 PM     1 A 11/XX/2018 FL Investment Purchase   D A D A     A A     No
206161709           Credit Loan Package Documentation Closing / Title Missing Document: Security Instrument not provided       Reviewer Comment (2019-02-22): DOT/PUD Rider provided


Buyer Comment (2019-02-22): Please see executed loan package uploaded to clear all conditions
 11/XX/2018  2:35:12 PM     1 A 11/XX/2018 FL Investment Purchase   D A D A     A A     No
206161709           Credit Loan Package Documentation Application / Processing Missing Document: Guarantor Agreement not provided       Reviewer Comment (2019-02-22): Guarantor Agreement provided


Buyer Comment (2019-02-22): Please see executed loan package uploaded to clear all conditions
 11/XX/2018  2:37:29 PM     1 A 11/XX/2018 FL Investment Purchase   D A D A     A A     No
206161709           Credit Loan Package Documentation Application / Processing Missing Document: Business Purpose Certificate not provided       Reviewer Comment (2019-02-22): Business Purpose Cert provided


Buyer Comment (2019-02-22): Please see executed loan package uploaded to clear all conditions
 11/XX/2018  2:33:27 PM     1 A 11/XX/2018 FL Investment Purchase   D A D A     A A     No
206161709           Credit Loan Package Documentation Application / Processing Missing Document: Assignment of Leases/Rents not provided       Reviewer Comment (2019-02-22): Assignments of Leases provided


Buyer Comment (2019-02-22): Executed loan package should clear all conditions.
 11/XX/2018  2:35:27 PM     1 A 11/XX/2018 FL Investment Purchase   D A D A     A A     No
206161711           Credit Loan Package Documentation Closing / Title Missing Document: Note - Subject Lien not provided       Reviewer Comment (2019-02-22): Note provided


Reviewer Comment (2019-02-22): Page x of the Note is missing


Buyer Comment (2019-02-22): complete loan package
 11/XX/2018  10:46:13 AM     1 A 11/XX/2018 NJ Investment Refinance - Cash-out - Other   D A D A     A A     No
206161711           Credit Loan Package Documentation Application / Processing Missing Document: Guarantor Agreement not provided       Reviewer Comment (2019-02-22): Guarantor Agreement provided
 11/XX/2018  12:01:17 PM     1 A 11/XX/2018 NJ Investment Refinance - Cash-out - Other   D A D A     A A     No
206161711           Credit Loan Package Documentation Application / Processing Missing Document: Business Purpose Certificate not provided       Reviewer Comment (2019-02-22): Business Purpose Cert provided
 11/XX/2018  12:00:45 PM     1 A 11/XX/2018 NJ Investment Refinance - Cash-out - Other   D A D A     A A     No
206161711           Credit Loan Package Documentation Closing / Title Missing Document: Security Instrument not provided   Provide the DOT and all riders   Reviewer Comment (2019-02-22): DOT provided
 11/XX/2018  12:03:54 PM     1 A 11/XX/2018 NJ Investment Refinance - Cash-out - Other   D A D A     A A     No
206161711           Credit Loan Package Documentation Application / Processing Missing Document: Assignment of Leases/Rents not provided       Reviewer Comment (2019-02-22): Assignment of Leases and Rents provided
 11/XX/2018  12:01:46 PM     1 A 11/XX/2018 NJ Investment Refinance - Cash-out - Other   D A D A     A A     No
206161712           Credit Credit Miscellaneous Credit Exception:   Per Property Flipping Guidelines, for properties purchased by the seller of the property within [Redacted] months of application date where the contract price exceeds the seller's acquisition price by [Redacted] or more, additional requirements apply: Second Appraisal, Property Seller on the pur[Redacted]contract must be the XXX record, & Increases in value should be documented with commentary from the appraiser and recent comparable sales. Property seller on the purchase contract is the XXX record. Appraiser confirmed "The subject transferred in an arms length transaction via a warranty deed after which it was updated. Also, per appraisal "the subjects bathrooms have newer vanities, flooring, and shower surrounds. The kitchen has newer cabinetry. There is new flooring throughout the home, newer carpeting, and fresh paint." Reviewer Comment (2019-02-22): Client elects to waive guideline requirement
     11/XX/2018  10:37:42 AM 2 B 11/XX/2018 OH Investment Purchase   C B C B     A A     No
206161715           Credit Loan Package Documentation Application / Processing Missing Document: Corporate Resolution not provided       Reviewer Comment (2019-02-22): Unanimous Consent provided
 11/XX/2018  10:47:14 AM     1 A 11/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
206161717           Credit Loan Package Documentation Application / Processing Missing Document: Certificate of Good Standing not provided   > 180 days old   Reviewer Comment (2019-02-22): COGS provided is within 180 days


Buyer Comment (2019-02-22): COGS pulled on xx/x/xx as highlighted on doc, please clear
 11/XX/2018  4:05:03 PM     1 A 11/XX/2018 OH Investment Refinance - Cash-out - Other   C A C A     A A     No
206161717           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2019-02-22): LOE provided
 11/XX/2018  4:04:41 PM     1 A 11/XX/2018 OH Investment Refinance - Cash-out - Other   C A C A     A A     No
206161718           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2019-02-22): LOE provided
 11/XX/2018  3:18:29 PM     1 A 11/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
206161718           Credit Loan Package Documentation Application / Processing Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided   Provide the deed transferring the property to the LC   Reviewer Comment (2019-02-22): Deed provided
 11/XX/2018  3:19:00 PM     1 A 11/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
206161719           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2019-02-22): LOE provided
 11/XX/2018  3:19:56 PM     1 A 11/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
206161719           Credit Loan Package Documentation Application / Processing Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided   Provide the deed transferring the property to the LC. Deed in file is not for our property.   Reviewer Comment (2019-02-22): Deed provided
 11/XX/2018  3:19:46 PM     1 A 11/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
206161720           Credit Credit Miscellaneous Credit Exception:   Non-Guarantor does not meet minimum FICO score of [Redacted]. Guarantor FICO is 691, 66 months of assets, LOE attached, property is leased, high DSCR, off by minimum by 2 points. Reviewer Comment (2019-02-22): Client elects to waive guideline requirement
     11/XX/2018  9:23:13 AM 2 B 11/XX/2018 MI Investment Refinance - Cash-out - Other   C B C B     A A     No
206161721           Credit Loan Package Documentation Application / Processing Missing Document: Corporate Resolution not provided   Provide the Unanimous Consent   Reviewer Comment (2019-02-22): Unanimous Consent provided
 11/XX/2018  4:04:04 AM     1 A 11/XX/2018 GA Investment Refinance - Cash-out - Other   C A C A     A A     No
206161721           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2019-02-22): LOE provided
 11/XX/2018  4:03:27 AM     1 A 11/XX/2018 GA Investment Refinance - Cash-out - Other   C A C A     A A     No
206161722           Credit Credit Miscellaneous Credit Exception:   Security Agreement includes PUD Rider, however Appraisal and Title Commitment does not indicate property is located in a PUD.   Reviewer Comment (2019-02-22): Title Schedule C reflects HOA/PUD and updated appraisal received.


Buyer Comment (2019-02-22): Please see Schedule C #7 of the commitment as it refers to the property being in  a PUD


Reviewer Comment (2019-02-22): Updated Appraisal report received. Title policy must be updated to reflect PUD.


Buyer Comment (2019-02-22): property is located in a PUD, appraisal updated to reflect. Title commitment does not always reflect if a property is in a PUD
 11/XX/2018  4:12:07 PM     1 A 11/XX/2018 TX Investment Refinance - Cash-out - Other   C A C A     A A     No
206161722           Credit Credit Miscellaneous Credit Exception:   The HOI policy in file reflects the borrowing entity as a second mortgagee vs. additional insured.   Reviewer Comment (2019-02-22): Corrected policy provided
 11/XX/2018  4:11:11 PM     1 A 11/XX/2018 TX Investment Refinance - Cash-out - Other   C A C A     A A     No
206161723           Credit Loan Package Documentation Application / Processing Missing Document: Flood Certificate not provided   Flood Cert in file is not for Subject Property.   Reviewer Comment (2019-02-22): Flood Cert provided
 11/XX/2018  11:36:43 AM     1 A 11/XX/2018 TX Investment Purchase   C A C A     A A     No
206161723           Credit Credit Miscellaneous Credit Exception:   The HOI policy in file reflects the borrowing entity as a second mortgagee vs. additional insured.   Reviewer Comment (2019-02-22): Updated HOI provided


Buyer Comment (2019-02-22): Correct insurance uploaded
 11/XX/2018  2:40:51 PM     1 A 11/XX/2018 TX Investment Purchase   C A C A     A A     No
206161725           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy.   Second Guarantor is a Foreign National. [Redacted]/Passport in file. Max LTV for cashout is [Redacted].   Reviewer Comment (2019-02-22): (Redacted) provided. Condition no longer applies.


Buyer Comment (2019-02-22): Borrower is a (Redacted) holder; please waive.
 11/XX/2018  2:47:15 PM     1 A 11/XX/2018 GA Investment Refinance - Cash-out - Other   C A C A     A A     No
206161725           Credit Credit Miscellaneous Credit Exception:   Provide the [Redacted] for second Guarantor.   Reviewer Comment (2019-02-22): (Redacted) provided. Condition no longer applies


Buyer Comment (2019-02-22): Borrower is a (Redacted) holder. Please waive. Condition is invalid.
 11/XX/2018  2:46:47 PM     1 A 11/XX/2018 GA Investment Refinance - Cash-out - Other   C A C A     A A     No
206161725           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason.   Reviewer Comment (2019-02-22): LOE provided
 11/XX/2018  4:13:04 PM     1 A 11/XX/2018 GA Investment Refinance - Cash-out - Other   C A C A     A A     No
206161726           Credit Loan Package Documentation Application / Processing Missing Document: Flood Certificate not provided       Reviewer Comment (2019-02-22): Flood Cert provided
 11/XX/2018  4:05:42 AM     1 A 11/XX/2018 PA Investment Refinance - Cash-out - Other   C A C A     A A     No
206161726           Credit Credit Credit Documentation Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Provide the VOM for the Subject Property. VOM in file is blank.   Reviewer Comment (2019-02-22): VOM provided
 11/XX/2018  4:04:44 AM     1 A 11/XX/2018 PA Investment Refinance - Cash-out - Other   C A C A     A A     No
206161726           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2019-02-22): LOE provided


Reviewer Comment (2019-02-22): HUD-1 reflects borrower is receiving >$2,000 cash back.


Buyer Comment (2019-02-22): This is not a cash out transaction. Rate & Term. Please advise.
 11/XX/2018  2:43:58 PM     1 A 11/XX/2018 PA Investment Refinance - Cash-out - Other   C A C A     A A     No
206161728           Credit Loan Package Documentation Application / Processing Missing Document: Business Purpose Certificate not provided   > 180 days old   Reviewer Comment (2019-02-22): COGS provided


Reviewer Comment (2019-02-22): The original condition is incorrect. This should read the Certificate of Good Standing is > 180 days old (Not Business Purpose). Our apologies.


Buyer Comment (2019-02-22): also the same as page 52 of the uploaded loan docs
 11/XX/2018  2:39:21 PM     1 A 11/XX/2018 IL Investment Refinance - Cash-out - Other   C A C A     A A     No
206161729           Credit Legal / Regulatory / Compliance Title / Lien Defect Title Policy Coverage is less than Original Loan Amount.       Reviewer Comment (2019-02-22): Updated commitment provided
 11/XX/2018  4:14:09 PM     1 A 11/XX/2018 NC Investment Refinance - Cash-out - Other   C A C A     A A     No
206161730           Credit Property - Appraisal Appraisal Documentation Missing Document: Appraisal not provided   Provide the full appraisal with [Redacted]. Subject to DSCR re-calculation and additional conditions.   Reviewer Comment (2019-02-22): Appraisal and 1007 provided
 11/XX/2018  2:38:18 PM     1 A 11/XX/2018 NC Investment Refinance - Rate/Term   D A D A     A A     No
206161730           Credit Insurance Insurance Analysis Hazard Insurance Policy expires within 90 days of the Note Date. Hazard Insurance Policy Expiration Date ___, Note Date ___ Automatic Renewal not noted on policy and HOI premium not collected on HUD-1.   Reviewer Comment (2019-02-22): Agency auto renewal confirmation provided. All that is required per guidelines.
 11/XX/2018  8:04:54 AM     1 A 11/XX/2018 NC Investment Refinance - Rate/Term   D A D A     A A     No
206161731           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason.   Reviewer Comment (2019-02-22): LOE provided


Buyer Comment (2019-02-22): C/O Letter
 11/XX/2018  2:22:21 PM     1 A 11/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
206161731           Credit Credit Credit Eligibility Guideline Issue:  Foreclosure timeline outside of credit guidelines   Foreclosure < x years ago.   Reviewer Comment (2019-02-22): FC document provided. > 4 years ago.


Buyer Comment (2019-02-22): see attached record. Foreclosure is in xxxx. Previous Ownership Information - xx/xx/xxxx
 11/XX/2018  2:24:32 PM     1 A 11/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
206161732           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.       Reviewer Comment (2019-02-22): Updated HOI policy received
 11/XX/2018  5:44:58 PM     1 A 11/XX/2018 RI Investment Refinance - Cash-out - Other   C A C A     A A     No
206161733           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.       Reviewer Comment (2019-02-22): Updated policy provided
 11/XX/2018  4:15:38 PM     1 A 11/XX/2018 RI Investment Refinance - Cash-out - Other   C A C A     A A     No
206161734           Credit Loan Package Documentation Closing / Title Missing Document: Security Instrument not provided   Document in file is not for our borrower or property address.   Reviewer Comment (2019-02-22): DOT & Rider provided


Buyer Comment (2019-02-22): Please use correct executed loan package to clear, thank you!


Reviewer Comment (2019-02-22): Client requested back


Buyer Comment (2019-02-22): Disregard upload
 11/XX/2018  2:19:23 PM     1 A 11/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
206161734           Credit Loan Package Documentation Closing / Title Missing Document: Note - Subject Lien not provided   Document in file is not for our borrower or property address.   Reviewer Comment (2019-02-22): Note provided
 11/XX/2018  2:14:59 PM     1 A 11/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
206161734           Credit Loan Package Documentation Application / Processing Missing Document: Guarantor Agreement not provided   Document in file is not for our borrower or property address.   Reviewer Comment (2019-02-22): Guarantor Agreement provided


Buyer Comment (2019-02-22): Please use correct executed loan package to clear, thank you!
 11/XX/2018  2:05:52 PM     1 A 11/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
206161734           Credit Loan Package Documentation Application / Processing Missing Document: Business Purpose Certificate not provided   Document in file is not for our borrower or property address.   Reviewer Comment (2019-02-22): BP Cert provided


Buyer Comment (2019-02-22): Please use correct executed loan package to clear, thank you!
 11/XX/2018  2:19:32 PM     1 A 11/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
206161734           Credit Loan Package Documentation Application / Processing Missing Document: Assignment of Leases/Rents not provided   Document in file is not for our borrower or property address.   Reviewer Comment (2019-02-22): ALR provided


Buyer Comment (2019-02-22): Please use correct executed loan package to clear, thank you!
 11/XX/2018  2:19:46 PM     1 A 11/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
206161734           Credit Credit Miscellaneous Credit Exception:   Provide the completed ACH form. Only executed by Guarantor.   Reviewer Comment (2019-02-22): New executed ACH with correct account and check provided


Reviewer Comment (2019-02-22): If the ACH is incorrect, the form will need to be updated. Per guidelines, an ACH is required on all loans.


Buyer Comment (2019-02-22): XXX account is the correct account. The account is in the name of the borrowing entity. Is (Redacted) requesting a new ACH form be signed for the XXX account?


Reviewer Comment (2019-02-22): The check provided is not for the account listed on the ACH. Check is for XXX and ACH is (REDACTED)


Reviewer Comment (2019-02-22): ACH does indicate account type.
 12/XX/2018  5:35:55 PM     1 A 11/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
206161734           Credit Loan Package Documentation Application / Processing Missing Document: Corporate Resolution not provided       Reviewer Comment (2019-02-22): Unanimous Consent provided
 11/XX/2018  2:21:21 PM     1 A 11/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
206161734           Credit Credit Miscellaneous Credit Exception:   Guarantor has a $[Redacted] judgement on background check. Provide evidence of release/paid in full.   Reviewer Comment (2019-02-22): Debt is not on Guarantor's background check or credit report. Per guidelines, non-Guarantor's judgements do not need to be considered.


Buyer Comment (2019-02-22): $xx,xxx lien is on (REDACTED)'s background (Not a PG).
PG (XXX) does not have any liens/judgments listed on his credit report.
 12/XX/2018  12:06:02 PM     1 A 11/XX/2018 TX Investment Refinance - Cash-out - Other   D A D A     A A     No
206161735           Credit Credit Miscellaneous Credit Exception:   FICO for Non-Guarantor does not minimum requirement per guidelines Highly experienced borrower, Guarantor's FICO is 780, Assets verified $38,000 Reviewer Comment (2019-02-22): Client elects to waive guideline requirement
     11/XX/2018  6:03:11 PM 2 B 11/XX/2018 PA Investment Refinance - Rate/Term   C B C B     A A     No
206161737           Credit Loan Package Documentation Application / Processing Missing Document: Corporate Resolution not provided       Reviewer Comment (2019-02-22): Corporate Resolution provided
 12/XX/2018  12:16:58 PM     1 A 11/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
206161737           Credit Credit Miscellaneous Credit Exception:   Flood Insurance is not escrowed and required per guidelines   Reviewer Comment (2019-02-22): Cert shows flood zone X. Flood insurance is optional, therefore does not need to be escrowed.


Buyer Comment (2019-02-22): Flood Cert shows Flood Zone X
 12/XX/2018  8:58:59 AM     1 A 11/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
206161738           Credit Loan Package Documentation Application / Processing Missing Document: Background Check not provided   1) Provide the background check for Non-Guarantor, [Redacted]2) Background check for [Redacted] is > 90 days old.   Reviewer Comment (2019-02-22): Updated reports for both individuals provided


Reviewer Comment (2019-02-22): The report for XXX was created x/xx and the report for XXX was created x/xx/xxxx which is > xx days old.
 12/XX/2018  3:59:54 PM     1 A 11/XX/2018 DC Investment Refinance - Cash-out - Other   C A C A     A A     No
206161738           Credit Credit Miscellaneous Credit Exception:   DSCR is < [Redacted] ([Redacted] current)   Reviewer Comment (2019-02-22): Per guidelines, qualifies for limited ratio program with a x% LTV deduction and price hit.


Buyer Comment (2019-02-22): Please see Limited Ratio Program section of guidelines. Loans >$xxxk are permitted to have DSCRs >=x.xx subject to -x% reduction from max LTV and x.xx% increase in rate. Subject property qualifies for limited ratio criteria and as such, minimum DSCR is x.xx.
 12/XX/2018  4:56:58 PM     1 A 11/XX/2018 DC Investment Refinance - Cash-out - Other   C A C A     A A     No
206161739           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance policy effective date is missing from evidence of insurance.       Reviewer Comment (2019-02-22): HOI with dates provided


Reviewer Comment (2019-02-22): Document uploaded is the Certificate of Liability which is not the Hazard Insurance for the property. This is personal liability coverage for accidents.
 12/XX/2018  4:58:27 PM     1 A 11/XX/2018 IL Investment Refinance - Cash-out - Other   C A C A     A A     No
206161739           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance policy expiration date is missing from evidence of insurance.       Reviewer Comment (2019-02-22): HOI with dates provided


Reviewer Comment (2019-02-22): Document uploaded is the Certificate of Liability which is not the Hazard Insurance for the property. This is personal liability coverage for accidents.
 12/XX/2018  4:58:32 PM     1 A 11/XX/2018 IL Investment Refinance - Cash-out - Other   C A C A     A A     No
206161739           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2019-02-22): LOE provided
 12/XX/2018  8:59:31 AM     1 A 11/XX/2018 IL Investment Refinance - Cash-out - Other   C A C A     A A     No
206161740           Credit Loan Package Documentation Application / Processing Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided   Provide the deed transferring the property to the [Redacted]   Reviewer Comment (2019-02-22): Deed provided
 12/XX/2018  2:53:45 PM     1 A 11/XX/2018 DE Investment Refinance - Cash-out - Other   D A D A     A A     No
206161744           Credit Assets Asset Documentation Insufficient funds for Reserves. Guidelines require   Guidelines require x months of reserves in the amount of [Redacted].   Reviewer Comment (2019-02-22): Additional documentation provided


Buyer Comment (2019-02-22): additional $xx,xxx from cash out + documented reserves of $xx,xxx = $xx,xxx
 12/XX/2018  3:03:18 PM     1 A 11/XX/2018 FL Investment Refinance - Rate/Term   C A C A     A A     No
206161744           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.   Reflects a different Lender   Reviewer Comment (2019-02-22): Corrected HOI provided
 12/XX/2018  11:30:24 AM     1 A 11/XX/2018 FL Investment Refinance - Rate/Term   C A C A     A A     No
206161745           Credit Credit Miscellaneous Missing Document: Credit Letter of Explanation (LOE) not provided   Provide the LOE on cashout reason   Reviewer Comment (2019-02-22): LOE provided
 12/XX/2018  11:31:12 AM     1 A 12/04/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
206161745           Credit Loan Package Documentation Application / Processing Missing Document: Corporate Resolution not provided   Document is not executed by the additional owner.   Reviewer Comment (2019-02-22): Unanimous Consent provided


Reviewer Comment (2019-02-22): Document uploaded was the LOE on cashout reason which does not clear this condition.
 12/XX/2018  3:05:53 PM     1 A 12/04/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
206161748           Credit Insurance Insurance Documentation Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.   6 months required   Reviewer Comment (2019-02-22): Verification of rent loss provided
 12/XX/2018  5:04:30 PM     1 A 11/XX/2018 OH Investment Refinance - Rate/Term   C B C B     A A     No
206161748           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Minimum Loan Amount discrepancy. Note loan amount of ___ is less than Guideline minimum loan amount of ___.   Property is leased, 40+ months reserves, strong DSCR 1.30+, property in good condition with no deferred maintenance with recent remodeling Reviewer Comment (2019-02-22): Client elects to waive guideline requirement
     12/XX/2018  5:10:04 PM 2 B 11/XX/2018 OH Investment Refinance - Rate/Term   C B C B     A A     No
206161748           Credit Loan Package Documentation Application / Processing Missing Document: Corporate Resolution not provided   The document is not executed by all parties.   Reviewer Comment (2019-02-22): Document received signed by all parties


Buyer Comment (2019-02-22): Signed in parts, please see all pages
 12/XX/2018  5:10:38 PM     1 A 11/XX/2018 OH Investment Refinance - Rate/Term   C B C B     A A     No
206161749           Credit Credit Miscellaneous Credit Exception:   For properties purchased by the seller of the property within [Redacted] months of the application date where the contract price exceeds the sellers acquisition price by [Redacted] or more, additional requirements apply: A second appraisal is required, property seller on the pur[Redacted]contract must be the XXX record, and increase in value should be documented with commentary from the appraiser and recent comparable sales. Per appraiser, the subject transferred on 9/XX/2018 for $XXX prior to interior repairs to include new HVAC, new water heater and bathroom tile Reviewer Comment (2019-02-22): Client elects to waive guideline requirement
     12/XX/2018  2:03:48 PM 2 B 11/XX/2018 TN Investment Purchase   C B C B     A A     No
206161752           Credit Credit Miscellaneous Credit Exception:   Flood insurance is not escrowed and required per guidelines   Reviewer Comment (2019-02-22): Final HUD-1 provided reflecting Flood Escrows


Buyer Comment (2019-02-22): Please see escrow collected on line 1009 of HUD. Escrow Calc including Flood attached as well.
 12/XX/2018  5:12:33 PM     1 A 11/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
206161756           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date.   Security Instrument notarized for the year of [Redacted] instead of [Redacted].   Reviewer Comment (2019-02-22): Rec'd affidavit correcting notary date from xxxx to xxxx.


Reviewer Comment (2019-02-22): I am able to match the reception number to the security instrument and the affidavit.  I am unable to locate the attestation that this will be sent for re-recording.


Reviewer Comment (2019-02-22): Rec'd affidavit.  The loan file does not contain a copy of the recorded security instrument, unable to determine that the Reception Number referenced in the Affidavit attaches to the subject transaction.  Also missing attestation that the document has been sent for re-recording.


Reviewer Comment (2019-02-22): Rec'd closing statement.  The security instrument notary date incorrectly reflects xxxx instead of xxxx.


Buyer Comment (2019-02-22): Please see attached final settlement statement that shows disbursement date if x/xx, EOI is acceptable
 1/XX/2019  3:53:35 PM     1 A 8/XX/2018 CO Primary Purchase   C B C A B B A A Non QM Non QM No
206161756           Compliance Loan Package Documentation Closing / Title Originator Application Date is less than 7 days prior to consummation. Please confirm date input reflects the appropriate date.   Notary date mistaken put in for year of [Redacted] vs. [Redacted].   Reviewer Comment (2019-02-22): Rec'd affidavit correcting notary date from xxxx to xxxx.
 1/XX/2019  3:53:49 PM     1 A 8/XX/2018 CO Primary Purchase   C B C A B B A A Non QM Non QM No
206161756           Credit Missing Document General Missing Document: Verification of Non-US Citizen Status not provided   Received Visa document only, which shows borrower's ability to work in the US.  Did not receive document to establish legal residency in the US.   Reviewer Comment (2019-02-22): Visa in file expires xxxx.  Acceptable per guidelines.


Buyer Comment (2019-02-22): we only require a valid work visa
 11/XX/2018  9:49:30 AM     1 A 8/XX/2018 CO Primary Purchase   C B C A B B A A Non QM Non QM No
206161756           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.   Loan Originator Compensating form not provided.   Buyer Comment (2019-02-22): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
     12/XX/2018  2:11:54 PM 2 B 8/XX/2018 CO Primary Purchase   C B C A B B A A Non QM Non QM No
206161756           Compliance Compliance Federal Compliance RESPA  -  Initial Escrow Account Statement Not Provided Timely   Receiving flag due to incorrect year for Notary, of [Redacted] vs. [Redacted].   Reviewer Comment (2019-02-22): Rec'd affidavit correcting notary date from xxxx to xxxx.
 1/XX/2019  3:54:03 PM     1 A 8/XX/2018 CO Primary Purchase   C B C A B B A A Non QM Non QM No
206161756           Compliance Compliance State Compliance Colorado Home Loan (Tangible Net Benefit Disclosure Not Provided Timely)   Receiving flag due to incorrect Notary date in [Redacted] vs. [Redacted].   Reviewer Comment (2019-02-22): Rec'd affidavit correcting notary date from xxxx to xxxx.
 1/XX/2019  3:54:17 PM     1 A 8/XX/2018 CO Primary Purchase   C B C A B B A A Non QM Non QM No
206161756           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Closing Disclosures in the Loan File   Receiving flag due to Notary date in [Redacted] vs. [Redacted].   Reviewer Comment (2019-02-22): Typo on Notary Date
 1/XX/2019  4:46:51 PM     1 A 8/XX/2018 CO Primary Purchase No Defined Cure C B C A B B A A Non QM Non QM No
206161756           Compliance Compliance Federal Compliance TRID Loan Estimate Seven Day Waiting Period   Receiving flag due to incorrect Notary year in [Redacted] vs. [Redacted].   Reviewer Comment (2019-02-22): Typo on Notary Date
 1/XX/2019  4:46:51 PM     1 A 8/XX/2018 CO Primary Purchase No Defined Cure C B C A B B A A Non QM Non QM No
206161756           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing   Receiving flag due to incorrect Notary date in [Redacted] vs. [Redacted].   Reviewer Comment (2019-02-22): Typo on Notary Date
 1/XX/2019  4:46:51 PM     1 A 8/XX/2018 CO Primary Purchase No Defined Cure C B C A B B A A Non QM Non QM No
206161756           Compliance Compliance Federal Compliance FACTA Disclosure Missing   FACTA disclosure not provided.   Reviewer Comment (2019-02-22): FACTA Disclosure in file dated x/xx/xx


Reviewer Comment (2019-02-22): FACTA Disclosure provided is undated nor reference the borrower name.
 1/XX/2019  4:05:17 PM     1 A 8/XX/2018 CO Primary Purchase   C B C A B B A A Non QM Non QM No
206161756           Credit Credit Miscellaneous Credit Exception:   Rec'd affidavit correcting notary date.  Missing attestation documents will be sent for re-recording.   Reviewer Comment (2019-02-22): The affidavit of the notary is sufficient for curing the date defect.  No need to re-record.
 1/XX/2019  11:27:57 AM     1 A 8/XX/2018 CO Primary Purchase   C B C A B B A A Non QM Non QM No
206161756           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date   Disclosure reflected [Redacted], actual closing occurred [Redacted]   Reviewer Comment (2019-02-22): Waive per client.
     1/XX/2019  4:58:20 PM 2 B 8/XX/2018 CO Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
206161756           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Non Escrowed Property Costs Year 1   It appears that the Lender considered HOA at [Redacted] per month, Appraisals indicate [Redacted] per year   Reviewer Comment (2019-02-22): (Redacted) received PCCD correcting non escrowed property costs over x year and LOE. Exception Cured.
   1/XX/2019  4:55:18 PM   2 B 8/XX/2018 CO Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
206161756           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided   CoC documentation in the file does not provide basis for fee increase   Reviewer Comment (2019-02-22): (Redacted) received required documents, exception is cleared.
 1/XX/2019  11:01:52 AM     1 A 8/XX/2018 CO 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 B B A A Non QM Non QM Yes
206161756           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided   CoC documentation in the file does not provide basis for fee addition   Reviewer Comment (2019-02-22): (Redacted) received required documents, exception is cleared.
 1/XX/2019  11:01:52 AM     1 A 8/XX/2018 CO 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 B B A A Non QM Non QM Yes
206161756           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits   Tolerance exceptions requiring refund to the consumer   Reviewer Comment (2019-02-22): Waive per client.
     1/XX/2019  4:58:58 PM 2 B 8/XX/2018 CO Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
206161756           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided   CoC documentation in the loan file does not identify basis for fee introduction   Reviewer Comment (2019-02-22): (Redacted) received required documents, exception is cleared.
 1/XX/2019  11:01:52 AM     1 A 8/XX/2018 CO 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 B B A A Non QM Non QM Yes
206161757           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-02-22): Approval provided.
 1/XX/2019  2:57:40 PM     1 A 8/XX/2018 AZ Investment Purchase   C B C B A A C A N/A N/A No
206161757           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.   Client to order at time of securitization.   Reviewer Comment (2019-02-22): Desk review provided.
 1/XX/2019  3:56:32 PM     1 A 8/XX/2018 AZ Investment Purchase   C B C B A A C A N/A N/A No
206161757           Credit Missing Document General Missing Document: Rent Comparison Schedule not provided   Comparable rent schedule not evidenced in loan file.  File contains an Operating Income Statement, but not a Comparable Rent Schedule.   Reviewer Comment (2019-02-22): Received


Buyer Comment (2019-02-22): this is page 8 of the appraisal in the file
 1/XX/2019  5:02:43 PM     1 A 8/XX/2018 AZ Investment Purchase   C B C B A A C A N/A N/A No
206161757           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. DTI of [Redacted] exceeds max of [Redacted].  Guidelines state exceptions available up to [Redacted], however no exception is provided in loan file. 0 X 30 24 month housing history

14.97 months reserves > 6 months guideline minimum - borrowers have verified reserves of $41,744.16		 Reviewer Comment (2019-02-22): Exception provided for DTI over xx%.


Buyer Comment (2019-02-22): The income that should being used is as follows: YTD $xxxx.xx, SS $xxxx, Annuity $xxx.xx, (REDACTED) $xxx.xx and NOTE Income $xxxx.xx - $xxxx.xx


Reviewer Comment (2019-02-22): Rec'd exception for DTI at xx%.  Actual DTI is xx.xx%.


Reviewer Comment (2019-02-22): Unable to locate exception.
     2/XX/2019  6:14:59 PM 2 B 8/XX/2018 AZ Investment Purchase   C B C B A A C A N/A N/A No
206161758           Credit Missing Document General Incomplete Document: Closing Disclosure is incomplete   Closing Disclosure issued on [Redacted] is missing page x.   Reviewer Comment (2019-02-22): All pages of the 8.28.18 CD have been provided.
 12/XX/2018  8:32:18 AM     1 A 8/XX/2018 CA Investment Refinance - Rate/Term   C A C A A A C A N/A N/A No
206161758           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.   Secondary valuation is not required, loan amount is less than [Redacted].   Reviewer Comment (2019-02-22): Rec'd desk review.
 1/XX/2019  2:36:01 PM     1 A 8/XX/2018 CA Investment Refinance - Rate/Term   C A C A A A C A N/A N/A No
206161758           Credit Credit Credit Documentation No evidence of fraud report in file Credit Report: Original // Borrower: Borrower: [Redacted]     Reviewer Comment (2019-02-22): Fraud report provided.
 1/XX/2019  6:24:19 PM     1 A 8/XX/2018 CA Investment Refinance - Rate/Term   C A C A A A C A N/A N/A No
206161759           Credit Missing Document General Incomplete Document: Closing Disclosure is incomplete   Final CD dated [Redacted] is missing page x   Reviewer Comment (2019-02-22): Rec'd complete copy of CD.
 2/XX/2019  11:12:19 AM     1 A 8/XX/2018 AZ Primary Purchase   C B C B C B A A Non QM Non QM No
206161759           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR   Missing [Redacted] business tax return extension for [Redacted].   Reviewer Comment (2019-02-22): Waive per client.
     1/XX/2019  5:28:15 PM 2 B 8/XX/2018 AZ Primary Purchase   C B C B C B A A Non QM Non QM No
206161759           Credit Credit Credit Documentation No evidence of fraud report in file Credit Report: Original // Borrower:  [Redacted] Credit Report: Original // Borrower: [Redacted] No fraud report provided   Reviewer Comment (2019-02-22): Fraud report provided.
 1/XX/2019  3:49:31 PM     1 A 8/XX/2018 AZ Primary Purchase   C B C B C B A A Non QM Non QM No
206161759           Credit Credit Credit Eligibility Unacceptable credit - Bankruptcy within the last 36 months.   Per guidelines, bankruptcy must be discharged for [Redacted] months.  Per docs in file, it was discharged x days prior to closing. PITIA reserves above minimum by 6 months or greater, borrower has 9.31 at $83,051.

DTI 45% when guidelines allow for 50%.		 Reviewer Comment (2019-02-22): Lender provided exception for BK discharged less than 36 months.
     1/XX/2019  3:52:15 PM 2 B 8/XX/2018 AZ Primary Purchase   C B C B C B A A Non QM Non QM No
206161759           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-02-22): (Redacted) Underwriting Decision provided (XXX)
 1/XX/2019  3:23:32 PM     1 A 8/XX/2018 AZ Primary Purchase   C B C B C B A A Non QM Non QM No
206161759           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption   Note discloses loan is not assumable until fixed interest rate changes to an adjustable interest rate. Closing Disclosure discloses loan is not assumable.   Buyer Comment (2019-02-22): This was a glitch that has since been fixed
     1/XX/2019  3:01:15 PM 2 B 8/XX/2018 AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206161759           Compliance Compliance Federal Compliance TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure   TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total [Redacted] while Borrower CD seller's fees total [Redacted].   Reviewer Comment (2019-02-22): Waive per client,
     1/XX/2019  5:30:34 PM 1 A 8/XX/2018 AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206161759           Credit Loan Package Documentation Application / Processing Missing Document: Fraud Report not provided   Fraud Report not provided.   Reviewer Comment (2019-02-22): Rec'd fraud report.
 1/XX/2019  4:22:22 PM     1 A 8/XX/2018 AZ Primary Purchase   C B C B C B A A Non QM Non QM No
206161759           Compliance Compliance Miscellaneous Compliance Other Compliance Exception (Manual Add)   Missing Rate Lock   Reviewer Comment (2019-02-22): (Redacted) Lock Confirmation provided (XXX)
 1/XX/2019  3:35:35 PM     1 A 8/XX/2018 AZ Primary Purchase   C B C B C B A A Non QM Non QM Yes
206161759           Compliance Compliance Federal Compliance (Missing Data) Last Rate Set Date        Reviewer Comment (2019-02-22): (Redacted) Lock Confirmation provided (XXX)
 1/XX/2019  3:36:53 PM     1 A 8/XX/2018 AZ Primary Purchase   C B C B C B A A Non QM Non QM No
206161760           Credit Loan Package Documentation Application / Processing Missing Document: Fraud Report not provided   Can not locate document in file   Reviewer Comment (2019-02-22): Fraud report provided.
 1/XX/2019  5:32:36 PM     1 A 09/04/2018 AZ Primary Purchase   C B C A C B C A Non QM Non QM No
206161760           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.   Loan amount did not require two appraisals per guidelines.   Reviewer Comment (2019-02-22): Desk review provided.


Buyer Comment (2019-02-22): this was in the file
 1/XX/2019  5:36:57 PM     1 A 09/04/2018 AZ Primary Purchase   C B C A C B C A Non QM Non QM No
206161760           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) CD dated [Redacted] and fully executed on[Redacted] and is consistent with notarty date.   Buyer Comment (2019-02-22): AZ loan documents are not date sensitive
     1/XX/2019  3:12:39 PM 2 B 09/04/2018 AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM Yes
206161760           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Cure for Loan Origination fee for [Redacted] was not provided.   Reviewer Comment (2019-02-22): Waive per client.
     1/XX/2019  5:37:26 PM 2 B 09/04/2018 AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM Yes
206161760           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Cure for Loan Origination fee for [Redacted] was not provided.   Reviewer Comment (2019-02-22): Fee was accurately disclosed throughout the loan.


Buyer Comment (2019-02-22): this fee was disclosed initially on the loan why is it not acceptable?
 1/XX/2019  5:36:57 PM     1 A 09/04/2018 AZ 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 C A Non QM Non QM Yes
206161760           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) The loan is not assumable during the fixed period.   Buyer Comment (2019-02-22): This was a system glitch that has six been fixed
     1/XX/2019  3:10:22 PM 2 B 09/04/2018 AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM Yes
206161760           Credit Credit Credit Documentation No evidence of fraud report in file Credit Report: Original // Borrower: Borrower: [Redacted]     Reviewer Comment (2019-02-22): Fraud report provided.
 1/XX/2019  5:31:39 PM     1 A 09/04/2018 AZ Primary Purchase   C B C A C B C A Non QM Non QM No
206161761           Credit Loan Package Documentation Application / Processing Missing Document: Fraud Report not provided   Could not locate this document in file   Reviewer Comment (2019-02-22): Received
 12/XX/2018  2:22:54 PM     1 A 9/XX/2018 WA Primary Purchase   C B C A C B C A Non QM Non QM No
206161761           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.   Per guidelines the one appraisal is sufficient to satisfy this loan amount   Reviewer Comment (2019-02-22): Rec'd desk review.


Reviewer Comment (2019-02-22): Client will order a secondary valuation at the time of securitization.
 1/XX/2019  8:59:42 AM     1 A 9/XX/2018 WA Primary Purchase   C B C A C B C A Non QM Non QM No
206161761           Credit Credit Credit Documentation No evidence of fraud report in file Credit Report: Original // Borrower: Borrower: [Redacted] Could not locate a Fraud Report in file.   Reviewer Comment (2019-02-22): Received
 12/XX/2018  2:23:18 PM     1 A 9/XX/2018 WA Primary Purchase   C B C A C B C A Non QM Non QM No
206161761           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant   Could not locate any documentation in file for this exception   Reviewer Comment (2019-02-22): original appraisal dated x/xx


Reviewer Comment (2019-02-22): This exception is due to the appraisal dated post-closing.


Reviewer Comment (2019-02-22): This is not a rate lock issue.


Buyer Comment (2019-02-22): The lock date reflects the xxth however it was after hours and not confirmed until the xxth  (x/xx/xxxx xx:xx:xx PM Lock (Redacted) x:xx:xx PM)
 1/XX/2019  12:51:45 PM     1 A 9/XX/2018 WA Primary Purchase   C B C A C B C A Non QM Non QM No
206161761           Compliance Compliance Federal Compliance (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Appraisal Not Obtained Timely)   Documentation validating appraisal provided date not in file.   Reviewer Comment (2019-02-22): Report date was input incorrectly.


Buyer Comment (2019-02-22): This appraisal was transferred to us from XXX and the effective date on the appraisal is (Redacted) the report in the file is a revision for the purchase price and the condition was a PTF that is why the appraisers signature date is x/xx/xxxx. The borrower received the xxxxD on (Redacted) …


Reviewer Comment (2019-02-22): The only appraisal in file has a report date of x/xx/xx.  The loan closed x/x/xx.


Buyer Comment (2019-02-22): original appraisal was completed on (Redacted) and the borrower received that when he was going through XXX , the one that we provided was for the revision


Reviewer Comment (2019-02-22): Appraisal in file is dated post-closing (xx/xx/xxxx). Borrower confirmation of receipt of appraisal being provided is dated (Redacted).
 1/XX/2019  6:26:20 PM     1 A 9/XX/2018 WA Primary Purchase   C B C A C B C A Non QM Non QM No
206161761           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.   Could not locate any documentation in file to cure this exception   Buyer Comment (2019-02-22): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
     11/XX/2018  4:55:28 PM 2 B 9/XX/2018 WA Primary Purchase   C B C A C B C A Non QM Non QM No
206161761           Compliance Compliance Federal Compliance TIL Higher Priced Mortgage Loan Safe Harbor   Broker provided a letter transferring ownership and custody of the appraisal to[Redacted]   Reviewer Comment (2019-02-22): Transfer letter in file
 12/XX/2018  2:34:49 PM     1 A 9/XX/2018 WA Primary Purchase   C B C A C B C A Non QM Non QM No
206161761           Compliance Compliance Federal Compliance High Cost Indicator Test   Loan Detail Report provided dated [Redacted] indicates Federal High Cost/HPML FAIL.   Buyer Comment (2019-02-22): loan didn't close as high cost


Buyer Comment (2019-02-22): The initial rate floor and life floor on your LAS is x.xx% and it should be x.x%
     02/04/2019 2 B 9/XX/2018 WA Primary Purchase   C B C A C B C A Non QM Non QM No
206161761           Compliance Compliance Federal Compliance (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Appraisal Not Obtained Timely)   Need proof broker of transferred in appraisal delivered to borrower on time.   Reviewer Comment (2019-02-22): original appraisal dated x/xx
 1/XX/2019  12:51:45 PM     1 A 9/XX/2018 WA Primary Purchase   C B C A C B C A Non QM Non QM No
206161762           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.   Client to order at time of securitization.   Reviewer Comment (2019-02-22): Rec'd Desk review in trailing docs.
 12/XX/2018  12:42:27 PM     1 A 9/XX/2018 CA Primary Purchase   C B C B B B C A Non QM Non QM No
206161762           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Disclosure not evidenced in loan file.   Buyer Comment (2019-02-22): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
     12/XX/2018  3:39:03 PM 2 B 9/XX/2018 CA Primary Purchase   C B C B B B C A Non QM Non QM No
206161762           Credit Credit Credit Documentation Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Missing complete [Redacted] month mortgage/rental history.  Credit report reflects x month history [Redacted] thru [Redacted].   Reviewer Comment (2019-02-22): Received
 10/XX/2018  2:20:17 PM     1 A 9/XX/2018 CA Primary Purchase   C B C B B B C A Non QM Non QM No
206161762           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date. Hazard Insurance Policy Effective Date ___, Transaction Date:  ___ Loan was disbursed on [Redacted].  Hazard policy reflects effective date of [Redacted]. 28% DTI on this bank statement loan  < 50% guideline max - 22% below program guideline maximum

708 representative FICO score > 640 guideline minimum - 68 points above guideline minimum

Borrower has job stability for XXX years as a self-employed XXX.		 Reviewer Comment (2019-02-22): Exception provided for insurance effective one day after disbursement, letter in file stating no claims made.


Reviewer Comment (2019-02-22): xth Street correspondence (Dxxxx) provided date x/xx/xxxx states, per hazard insurance agent, Borrower didn't file any claims to his homeowner's insurance between x/x/xxxx and x/xx/xxxx.


Reviewer Comment (2019-02-22): Please provide Final Closing Disclosure with updated dates.
     1/XX/2019  1:27:35 PM 2 B 9/XX/2018 CA Primary Purchase   C B C B B B C A Non QM Non QM No
206161762           Compliance Compliance Federal Compliance ECOA Appraisal - Appraisal Waiver Less than 3 Days From Consummation ECOA Valuations Rule (Dodd-Frank 2014): Borrower provided appraisal waiver less than three (3) business days prior to consummation. (Type:Additional/[Redacted]) Borrower executed acknowledgement of receipt and waiver for Desk review report on [Redacted]; loan closed [Redacted].  No earlier signed waiver found in the file.   Buyer Comment (2019-02-22): The borrower acknowledged the appraisal on x/xx and he signed x/x so there was enough time. The waiver was for the CDA receipt
     1/XX/2019  1:34:43 PM 2 B 9/XX/2018 CA Primary Purchase   C B C B B B C A Non QM Non QM No
206161763           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-02-22): Approval provided.
 1/XX/2019  6:23:09 PM     1 A 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B C A Non QM Non QM No
206161763           Property Property - Appraisal Appraisal Documentation The property type differs between the valuation documents in file. Unable to verify the property type.  Ineligible per guidelines.   Valuation with Report date of  [Redacted] shows a property type as PUD.
Valuation with Report Date of [Redacted] does not list the property as a PUD.

Security instrument lists the property as a PUD.		   Reviewer Comment (2019-02-22): Property is a PUD, appraiser failed to mark the box and input the dues.


Buyer Comment (2019-02-22): property is a PUD the HOA invoice is in the file confirming this
 1/XX/2019  6:27:36 PM     1 A 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B C A Non QM Non QM No
206161763           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. The LO Compensation Disclosure was not provided in file.   Buyer Comment (2019-02-22): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
     1/XX/2019  2:28:06 AM 2 B 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B C A Non QM Non QM No
206161763           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) Disclosure reflects Closing Date of ([Redacted]), but transaction consummation (mortgage notary) date was ([Redacted]).   Buyer Comment (2019-02-22): California closing documents are not date sensitive therefore it's ok if the borrower doesn't sign the date they're generated.
     1/XX/2019  2:30:09 AM 2 B 9/XX/2018 CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B B B C A Non QM Non QM Yes
206161763           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) The Final Closing Disclosure reflects the Subject loan as Non-Assumable.  However, the Note does reflect assumable verbiage.   Buyer Comment (2019-02-22): This was a system glitch and has now been fixed
     1/XX/2019  2:28:25 AM 2 B 9/XX/2018 CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B B B C A Non QM Non QM Yes
206161763           Credit Credit Miscellaneous Credit Exception:   Appraisal with a report date of [Redacted] provided [Redacted] closed sales and 1 listing however guidelines require 2 listings or pending sales. 0 X 30 24 month housing history

38.45% DTI on this loan < 50% guideline max - 12x% below program guideline maximum		 Reviewer Comment (2019-02-22): Lender provided exception for 5 closed sales and 1 listing.
     1/XX/2019  3:55:46 PM 2 B 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B C A Non QM Non QM No
206161764           Credit Data Verification General The Investor's qualifying total debt ratio is less than the QM qualifying total debt ratio. Investor's qualifying DTI: ___
QM qualifying DTI: ___		 Due to qualifying method.   Buyer Comment (2019-02-22): loan is bank statement program therefore it's Non-QM
     1/XX/2019  1:06:12 AM 2 B 9/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B A A C A N/A N/A No
206161764           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.       Reviewer Comment (2019-02-22): Received
 1/XX/2019  11:19:00 AM     1 A 9/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B A A C A N/A N/A No
206161764           Credit Credit Miscellaneous Credit Exception:   Missing compliance report.   Reviewer Comment (2019-02-22): Rec'd high cost analysis
 1/XX/2019  2:03:59 PM     1 A 9/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B A A C A N/A N/A No
206161764           Credit Credit Miscellaneous Credit Exception:   Missing gap report / credit refresh dated within [Redacted] calendar days prior to the note date.   Reviewer Comment (2019-02-22): rec'd (Redacted) report dated x/xx/xx
 1/XX/2019  2:04:15 PM     1 A 9/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B A A C A N/A N/A No
206161764           Credit Credit Miscellaneous Credit Exception:   Missing correct, signed final [Redacted].  The [Redacted] in file indicates borrower owns XXX for [Redacted].x years and reflects a present housing payment of [Redacted]. A letter of explanation in file states she's living with family rent free.   Reviewer Comment (2019-02-22): Updated xxxx in file showing no rent or own and an email sent to the customer explaining why it is blank.


Reviewer Comment (2019-02-22): Received unsigned xxxx that shows neither rented or owned for xx.x years
 1/XX/2019  3:48:43 PM     1 A 9/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B A A C A N/A N/A No
206161764           Credit Loan Package Documentation Closing / Title Title Error: Title vesting does not concur with deed   Title reflects XXX, XXX, XXX, XXX.  Security Instrument reflects XXX, An XXX   Reviewer Comment (2019-02-22): Rec'd deed.


Buyer Comment (2019-02-22): the title in the file is preliminary, see attached grant deed and death affidavit with updated vesting. This was in the file
 1/XX/2019  2:04:30 PM     1 A 9/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B A A C A N/A N/A No
206161764           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.       Reviewer Comment (2019-02-22): Post disaster inspection provided with no damage.
 1/XX/2019  3:51:32 PM     1 A 9/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B A A C A N/A N/A No
206161765           Compliance Loan Package Documentation Closing / Title Missing Document: Note - Subject Lien not provided       Reviewer Comment (2019-02-22): Rec'd Note in trailing docs
 11/XX/2018  8:40:16 PM     1 A 9/XX/2018 WA Primary Refinance - Cash-out - Other   D B C A D B C A Non QM Non QM No
206161765           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-02-22): Rec'd approval in trailing docs.
 11/XX/2018  8:40:02 PM     1 A 9/XX/2018 WA Primary Refinance - Cash-out - Other   D B C A D B C A Non QM Non QM No
206161765           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.       Reviewer Comment (2019-02-22): Desk review rec'd
 11/XX/2018  8:39:37 PM     1 A 9/XX/2018 WA Primary Refinance - Cash-out - Other   D B C A D B C A Non QM Non QM No
206161765           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. The Loan Originator Compensation Disclosure is not included in the file.   Reviewer Comment (2019-02-22): Client waived


Buyer Comment (2019-02-22): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
     11/XX/2018  5:36:01 PM 2 B 9/XX/2018 WA Primary Refinance - Cash-out - Other   D B C A D B C A Non QM Non QM No
206161765           Compliance Compliance Federal Compliance 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. Personal and Business Tax Returns are not signed   Reviewer Comment (2019-02-22): Rec'd signed pages of all tax returns
 11/XX/2018  8:34:52 PM     1 A 9/XX/2018 WA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status D B C A D B C A Non QM Non QM Yes
206161765           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - S-Corp Ability to Repay (Dodd-Frank 2014): Unable to verify S-Corp income using reasonably reliable third-party records. ( [Redacted]) Income documentation is not sufficient, most notably is the Profit and Loss statements provided are not audited, and Personal and Business Tax Returns are not signed.   Reviewer Comment (2019-02-22): Rec'd signed pages of all tax returns
 11/XX/2018  8:34:52 PM     1 A 9/XX/2018 WA Primary Refinance - Cash-out - Other   D B C A D B C A Non QM Non QM No
206161765           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - S-Corp Ability to Repay (Dodd-Frank 2014): Unable to verify S-Corp income using reasonably reliable third-party records. ( [Redacted]) Income documentation is not sufficient, most notably is the Profit and Loss statements provided are not audited, and Personal and Business Tax Returns are not signed.   Reviewer Comment (2019-02-22): Rec'd signed pages of all tax returns
 11/XX/2018  8:34:52 PM     1 A 9/XX/2018 WA Primary Refinance - Cash-out - Other   D B C A D B C A Non QM Non QM No
206161765           Compliance Compliance Federal Compliance NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Income documentation is not sufficient, most notably is the Profit and Loss statements provided are not audited, and Personal and Business Tax Returns are not signed.   Reviewer Comment (2019-02-22): Rec'd signed pages of all tax returns
 11/XX/2018  8:34:52 PM     1 A 9/XX/2018 WA Primary Refinance - Cash-out - Other   D B C A D B C A Non QM Non QM No
206161765           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted],  Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. ([Redacted]) The most recent business tax returns provided are [Redacted], an extension for [Redacted] is included in the file.   Buyer Comment (2019-02-22): Duplicate
     1/XX/2019  12:46:54 AM 2 B 9/XX/2018 WA Primary Refinance - Cash-out - Other   D B C A D B C A Non QM Non QM No
206161765           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted],  Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. ([Redacted]) The most recent business tax returns provided are [Redacted], an extension for [Redacted] is included in the file.   Buyer Comment (2019-02-22): Borrower provide a tax extension for xxxx therefore he's not required to file until Oct. xxxx. Documentation provided was acceptable.
     1/XX/2019  12:46:26 AM 2 B 9/XX/2018 WA Primary Refinance - Cash-out - Other   D B C A D B C A Non QM Non QM No
206161765           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) The Note is not included in the file, however, the Security Instrument and Final Closing Disclosure indicate the Closing Date is [Redacted].  The Security Instrument is notarized on [Redacted].   Buyer Comment (2019-02-22): Washington closing documents are not date sensitive therefore it's ok if the borrower doesn't sign the date they're generated.
     1/XX/2019  12:42:42 AM 2 B 9/XX/2018 WA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D B C A D B C A Non QM Non QM Yes
206161765           Compliance Compliance Federal Compliance TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [Redacted, prior to three (3) business days from transaction date of [Redacted. The Note is not included in the file, however, the Security Instrument and Final Closing Disclosure indicate the Closing Date is [Redacted].  The Security Instrument is notarized on [Redacted].   Reviewer Comment (2019-02-22): Final settlement statement in file to show actual disbursement date of x/xx/.


Reviewer Comment (2019-02-22): Client waived


Buyer Comment (2019-02-22): correction loan documents are not date sensitive in Washington


Buyer Comment (2019-02-22): please change the grade on this


Buyer Comment (2019-02-22): Loan documents are not date sensitive in California the borrower signed x/xx/xxxx please waive
 1/XX/2019  1:07:04 PM     1 A 9/XX/2018 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 D B C A D B C A Non QM Non QM Yes
206161765           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Borrowers K-1 for [Redacted] is missing from file.   Reviewer Comment (2019-02-22): Company is a C-Corp filing xxxx return; K-x not applicable.
 11/XX/2018  8:29:49 PM     1 A 9/XX/2018 WA Primary Refinance - Cash-out - Other   D B C A D B C A Non QM Non QM No
206161765           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Note is assumable and Closing Disclosure reflects loan is not assumable.   Buyer Comment (2019-02-22): This was a system glitch and has now been fixed
     1/XX/2019  12:40:48 AM 2 B 9/XX/2018 WA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D B C A D B C A Non QM Non QM Yes
206161765           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ File is missing CPA letter or third party verification of business for both companies owned by the Borrower.  Processor Cert used for closing verification is not valid - calling CPA is not valid source.  Verification required to be dated within [Redacted] calendar days of closing.   Reviewer Comment (2019-02-22): All documents provided.


Reviewer Comment (2019-02-22): Received Internet search for XXX but not XXX. Also, missing third party verification for all businesses.
 1/XX/2019  6:56:15 PM     1 A 9/XX/2018 WA Primary Refinance - Cash-out - Other   D B C A D B C A Non QM Non QM No
206161766           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.       Reviewer Comment (2019-02-22): Received
 1/XX/2019  11:01:44 AM     1 A 9/XX/2018 NV Investment Purchase   C B B B A A C A N/A N/A No
206161766           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Collections / Balance:  [Redacted], Credit Report: Original // Public Record Type: Collections / Balance:  [Redacted]     Buyer Comment (2019-02-22): Collection/Charge Offs under xk are underwriter discretion. Medical collections no matter the amount will never need to be addressed. Public Records are underwriter discretion.
     1/XX/2019  3:04:42 AM 2 B 9/XX/2018 NV Investment Purchase   C B B B A A C A N/A N/A No
206161767           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-02-22): Received
 1/XX/2019  9:26:37 AM     1 A 9/XX/2018 CA Investment Refinance - Rate/Term   C A C A B A C A N/A N/A No
206161767           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.       Reviewer Comment (2019-02-22): Received
 1/XX/2019  11:11:21 AM     1 A 9/XX/2018 CA Investment Refinance - Rate/Term   C A C A B A C A N/A N/A No
206161767           Compliance Compliance Federal Compliance (Missing Data) Last Rate Set Date  Last Date Rate Set was not provided.  In order to determine Average Prime Offer Rate (APOR), the worst case scenario was used between Application Date and Transaction Date.     Reviewer Comment (2019-02-22): Received Rate Lock
 1/XX/2019  9:30:06 AM     1 A 9/XX/2018 CA Investment Refinance - Rate/Term   C A C A B A C A N/A N/A No
206161767           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Questionable Occupancy: Valuation occupancy differs from occupancy on loan approval. Valuation Type: Appraisal / Valuation Report Date: [Redacted] Per the Valuation Report, the subject property is owner occupied; however, per the final loan application, this is an investment property.   Reviewer Comment (2019-02-22): Updated and corrected report provided showing tenant occupied.


Reviewer Comment (2019-02-22): Please provide corrected appraisal


Buyer Comment (2019-02-22): This is an investment transaction and must have been an error on the appraisers behalf, the borrower resides at xxxx XXX, CA xxxxx. There is a loe in the file from the borrower that addresses this also.
 1/XX/2019  5:09:03 PM     1 A 9/XX/2018 CA Investment Refinance - Rate/Term   C A C A B A C A N/A N/A No
206161767           Credit Income / Employment Income Documentation Income Docs Missing:   The loan was approved as a bank statement loan, using [Redacted] months personal bank statements for a checking account and money market savings account.  THe loan file contains an underwriter income worksheet for both sets of bank statements, reflecting the dates used as [Redacted] through [Redacted].  The loan file contained bank statements dated [Redacted] through [Redacted], as well as statements dated [Redacted] and [Redacted].  Per the guidelines, bank statements provided must be consecutive and the most recent statements available.  The most recent statements available would be [Redacted] through [Redacted]; however, the June [Redacted] bank statement was not provided.  Please provide the June [Redacted] statement to properly calculate the income.   Reviewer Comment (2019-02-22): updated income without using (REDACTED)/(REDACTED) xxxx statements


Buyer Comment (2019-02-22): The bank statements for (REDACTED) and (REDACTED) are for the assets not the income
 1/XX/2019  9:25:35 AM     1 A 9/XX/2018 CA Investment Refinance - Rate/Term   C A C A B A C A N/A N/A No
206161767           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.       Reviewer Comment (2019-02-22): Recd PDI dated x/xx/xx.  No damage.
 1/XX/2019  10:05:49 AM     1 A 9/XX/2018 CA Investment Refinance - Rate/Term   C A C A B A C A N/A N/A No
206161768           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Lenders loan approval was not located in the package   Reviewer Comment (2019-02-22): Approval provided.
 1/XX/2019  1:55:43 PM     1 A 10/XX/2018 CA Primary Purchase   C B C B B B C A Non QM Non QM No
206161768           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.   Loan officers compensation agreement was not located in package   Reviewer Comment (2019-02-22): Attestation approved by (Redacted) in file.
 1/XX/2019  12:18:32 PM     1 A 10/XX/2018 CA Primary Purchase   C B C B B B C A Non QM Non QM No
206161768           Compliance Compliance Federal Compliance RESPA -  Initial Escrow Account statement Inaccurate   The initial deposit amount shown on escrow disclosure does not match what is shown on initial escrow amount on closing disclosure   Reviewer Comment (2019-02-22): Waive per client.
     1/XX/2019  9:51:05 PM 2 B 10/XX/2018 CA Primary Purchase   C B C B B B C A Non QM Non QM Yes
206161768           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.   Client will order a secondary valuation at the time of securitization.   Reviewer Comment (2019-02-22): Desk review provided and is acceptable.


Reviewer Comment (2019-02-22): AVM is not sufficient, must have desk review or CDA.
 2/XX/2019  8:16:33 PM     1 A 10/XX/2018 CA Primary Purchase   C B C B B B C A Non QM Non QM No
206161768           Credit Loan Package Documentation Closing / Title Note is not on a FNMA/FHLMC form and does not contain the standard Due on Sale clause.   Note was not provided on the FNMA form   Reviewer Comment (2019-02-22): Acceptable form used.
     1/XX/2019  11:23:11 AM 2 B 10/XX/2018 CA Primary Purchase   C B C B B B C A Non QM Non QM No
206161768           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   Did not locate lenders [Redacted] or alternate credit source   Reviewer Comment (2019-02-22): Waive per client.
     1/XX/2019  9:51:36 PM 2 B 10/XX/2018 CA Primary Purchase   C B C B B B C A Non QM Non QM No
206161768           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption   Closing disclosure indicated loan was not assumable but note shows it is   Reviewer Comment (2019-02-22): Waive per client.
     1/XX/2019  9:52:00 PM 2 B 10/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B C A Non QM Non QM Yes
206161768           Compliance Compliance Federal Compliance 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. Unable to determine date of delivery to borrower.   Reviewer Comment (2019-02-22): Desk review not provided to borrower or required to be.
 2/XX/2019  8:24:51 PM     1 A 10/XX/2018 CA Primary Purchase   C B C B B B C A Non QM Non QM No
206161769           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-02-22): Approval provided.
 1/XX/2019  2:25:18 PM     1 A 10/XX/2018 OR Primary Purchase   C B C A B B C A Non QM Non QM No
206161769           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. The LO Compensation disclosure was not provided in the file.   Reviewer Comment (2019-02-22): Attestation approved by (Redacted) in file.
 1/XX/2019  2:56:17 PM     1 A 10/XX/2018 OR Primary Purchase   C B C A B B C A Non QM Non QM No
206161769           Credit Legal / Regulatory / Compliance Title / Lien Defect Title Policy is Preliminary or Commitment, and not a Final Title Policy.   Final Title Policy was not provided in file.   Reviewer Comment (2019-02-22): Final policy provided.
 1/XX/2019  2:31:31 PM     1 A 10/XX/2018 OR Primary Purchase   C B C A B B C A Non QM Non QM No
206161769           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) The CD reflects [Redacted] whereas the transaction consummation (mortgage notary) date on the security instrument is [Redacted].   Reviewer Comment (2019-02-22): Waive per client.
     1/XX/2019  2:56:54 PM 2 B 10/XX/2018 OR Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B C A Non QM Non QM Yes
206161769           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Seller CD is showing the seller closing costs of [Redacted]; whereas the Borrower CD is showing the seller closing costs of [Redacted].   Reviewer Comment (2019-02-22): Waive per client.
     1/XX/2019  2:57:21 PM 1 A 10/XX/2018 OR Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B C A Non QM Non QM Yes
206161769           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) The final CD discloses the loan is not assumable, the note contains assumption language.   Reviewer Comment (2019-02-22): Waive per client.
     1/XX/2019  2:57:48 PM 2 B 10/XX/2018 OR Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B C A Non QM Non QM Yes
206161769           Credit Legal / Regulatory / Compliance Title / Lien Defect Title Policy Coverage is less than Original Loan Amount.   Preliminary Title reflects a policy amount of [Redacted] which is insufficient to cover loan amount of [Redacted]. Final Title policy was not provided.   Reviewer Comment (2019-02-22): Final title policy provided with updated policy amount.
 1/XX/2019  2:29:40 PM     1 A 10/XX/2018 OR Primary Purchase   C B C A B B C A Non QM Non QM No
206161769           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.       Reviewer Comment (2019-02-22): Desk review provided.


Buyer Comment (2019-02-22): this was in the file
 1/XX/2019  2:28:25 PM     1 A 10/XX/2018 OR Primary Purchase   C B C A B B C A Non QM Non QM No
206161770           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.       Reviewer Comment (2019-02-22): Desk review in file.


Buyer Comment (2019-02-22): this is the XXX report in the file with the appraisal
 11/XX/2018  9:07:04 AM     1 A 10/XX/2018 AZ Primary Refinance - Rate/Term   C B C A A B C A Non QM Non QM No
206161770           Credit Assets Asset Calculation / Analysis Available for Closing is insufficient to cover Cash From Borrower.   Missing documentation verifying assets/funds were available for closing.   Reviewer Comment (2019-02-22): Verified assets are sufficient to cover cash required for closing - cash to close coming from refi of cross-collaterized property.  Subject was released for Refi with xth Street - reserves and funds to close coming from refi of other property - closing statement in file.
 11/XX/2018  4:43:08 PM     1 A 10/XX/2018 AZ Primary Refinance - Rate/Term   C B C A A B C A Non QM Non QM No
206161770           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.       Reviewer Comment (2019-02-22): Policy contains full replacement coverage.


Buyer Comment (2019-02-22): see in the special conditions box it states that the building has full replacement coverage... this is acceptable
 11/XX/2018  9:04:50 AM     1 A 10/XX/2018 AZ Primary Refinance - Rate/Term   C B C A A B C A Non QM Non QM No
206161770           Credit Guideline Guideline Issue Aged document: Primary Valuation is older than guidelines permit Valuation Type: Appraisal / Valuation Report Date: [Redacted] ___     Reviewer Comment (2019-02-22): Valuation good for 120 days.


Buyer Comment (2019-02-22): appraisal was xx days old on disbursement date and acceptable as they're good for xxx days
 11/XX/2018  9:05:03 AM     1 A 10/XX/2018 AZ Primary Refinance - Rate/Term   C B C A A B C A Non QM Non QM No
206161770           Credit Loan Package Documentation Application / Processing Missing Document: Fraud Report not provided       Reviewer Comment (2019-02-22): Fraud report in file.
 11/XX/2018  9:05:58 AM     1 A 10/XX/2018 AZ Primary Refinance - Rate/Term   C B C A A B C A Non QM Non QM No
206161770           Credit Credit Credit Documentation No evidence of fraud report in file Credit Report: Original // Borrower: Borrower: [Redacted]     Reviewer Comment (2019-02-22): Rec'd fraud report.
 11/XX/2018  9:05:16 AM     1 A 10/XX/2018 AZ Primary Refinance - Rate/Term   C B C A A B C A Non QM Non QM No
206161770           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Final CD is marked will not allow assumption   Reviewer Comment (2019-02-22): Client acknowledges and elects to Waive.
     12/XX/2018  12:33:39 PM 2 B 10/XX/2018 AZ Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C A A B C A Non QM Non QM Yes
206161771           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   No loan approval found in the file.   Reviewer Comment (2019-02-22): (Redacted) Loan Approval provided (Dxxxx)
 1/XX/2019  5:04:53 PM     1 A 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206161771           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Less than required [Redacted] months reserves required due to loan size. Borrower has job stability for 21 years as self employed

Borrower on this Bank Statement documentation loan has a disposable income of $53,218.17		 Reviewer Comment (2019-02-22): Received Exception Request Form. Borrower has < xx months reserves. Compensating Factors: x) Years on Job. x) High Discretionary Income. x) Years in home. x) Housing history xxxx.
     1/XX/2019  9:29:44 PM 2 B 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206161771           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Loan amount exceeds the matrix and guideline permissible amount, no lender exception or approval in file. Borrower has job stability for 21 years as self employed

Borrower on this Bank Statement documentation loan has a disposable income of $53,218.17		 Reviewer Comment (2019-02-22): Rec'd exception for loan amount > $x,xxx,xxx
     1/XX/2019  9:41:00 AM 2 B 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206161771           Credit Credit AUS Discrepancy / Guidelines Discrepancy AUS Findings: All conditions were not met   Loan amount exceeded [Redacted]hat was allowed per guidelines   Reviewer Comment (2019-02-22): Rec'd exception for loan amount >$x,xxx,xxx.
 1/XX/2019  9:41:28 AM     1 A 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206161771           Compliance Compliance Federal Compliance (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provded.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. No rate agreement found in file   Reviewer Comment (2019-02-22): Rate Lock provided (XXX)
 1/XX/2019  5:12:50 PM     1 A 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206161771           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Did not find any broker fee agreement in file   Buyer Comment (2019-02-22): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
     1/XX/2019  4:36:46 PM 2 B 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206161771           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Final CD  prohibits assumption, language on the Note and Security instrument do not prohibit assumption.   Buyer Comment (2019-02-22): This was a system glitch and has now been fixed
     1/XX/2019  4:37:01 PM 2 B 9/XX/2018 CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
206161771           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Negative Fees TRID-RESPA Integrated Disclosure - Final Closing Disclosure provided on 09/XX/2018 disclosed a negative fee amount. (Final/[Redacted) Closing vendor coupon credit of $xxx shown on final CD/   Reviewer Comment (2019-02-22): (Redacted) received Letter of Explanation & Corrected Closing Disclosure.


Reviewer Comment (2019-02-22): A PCCD showing the $100 as a lump credit and LOE to borrower for the revision is required.
   1/XX/2019  7:58:41 PM   2 B 9/XX/2018 CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
206161771           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Property Value TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed an Appraised Property Value that did not match the actual Property Value for the loan. (Final/[Redacted]) Final CD indicates a Appraised value of [Redacted], appraisal report with lowest value in file shows value of [Redacted].   Reviewer Comment (2019-02-22): (Redacted) received Letter of Explanation & Corrected Closing Disclosure.
   1/XX/2019  7:58:58 PM   1 A 9/XX/2018 CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
206161771           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   Did not find a [Redacted] or alternate credit source from lender in file   Reviewer Comment (2019-02-22): 1003 provided (XXX)


Buyer Comment (2019-02-22): this was in the file
 1/XX/2019  5:02:30 PM     1 A 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206161771           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.       Reviewer Comment (2019-02-22): Rec'd PDI dated x/xx/xx reflecting no damage.
 1/XX/2019  2:41:53 PM     1 A 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206161771           Compliance Compliance Federal Compliance TRID Post Close Closing Disclosure Total Of Payments Test Rescindable Transactions TILA-RESPA Integrated Disclosure - Post Closing Disclosure:  Total of Payments of $[Redacted] disclosed on the Final Closing Disclosure dated [Redacted] is inaccurate by more than $35 compared to the Total of Payments calculated based on fees disclosed on the Post Closing Disclosure of $[Redacted]  provided on [Redacted], a difference of $[Redacted]. (Post-Close/[Redacted]) There is a negative amount shown on PCCD, either should have been a credit or shown as paid by other party.   Reviewer Comment (2019-02-22): (Redacted) received a PCCD and LOE removing the $xxx negative amount from the payoffs.  No refund required or right to cancel does not have to reopened.
   1/XX/2019  3:17:52 PM   2 B 9/XX/2018 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 B B B A A Non QM Non QM Yes
206161772           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Lenders loan approval was not found in file.   Reviewer Comment (2019-02-22): Approval provided.
 1/XX/2019  4:25:09 PM     1 A 9/XX/2018 AZ Primary Purchase   C B C A B B A A Non QM Non QM No
206161772           Compliance Compliance Federal Compliance 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 1026.43(c)(5). Utilized non qm as directed   Buyer Comment (2019-02-22): This is Non-QM as it doesn't meet the appendix Q income documentation requirements which is why we designated it non-QM
     1/XX/2019  4:27:32 PM 2 B 9/XX/2018 AZ Primary Purchase   C B C A B B A A Non QM Non QM No
206161772           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date. Hazard Insurance Policy Effective Date ___, Transaction Date:  ___ Hazard insurance start date is x days post closing   Reviewer Comment (2019-02-22): Final settlement statement provided shows disbursement on xx/x therefore hazard policy is acceptable.


Buyer Comment (2019-02-22): disbursement was xx/x/xxxx EOI is acceptable
 1/XX/2019  5:01:35 PM     1 A 9/XX/2018 AZ Primary Purchase   C B C A B B A A Non QM Non QM No
206161772           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) CD shows it will not allow assumption but note contains assumption clause   Buyer Comment (2019-02-22): This was a system glitch and has now been fixed
     1/XX/2019  4:27:01 PM 2 B 9/XX/2018 AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
206161774           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Copy of approval not provided   Reviewer Comment (2019-02-22): Received
 1/XX/2019  9:29:32 AM     1 A 10/XX/2018 CO Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Non QM No
206161774           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits   No cure provided for $[Redacted] Closing Protection Letter from LE to CD.   Reviewer Comment (2019-02-22): Waive per client.
     1/XX/2019  12:46:49 PM 2 B 10/XX/2018 CO Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM Yes
206161774           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided   No cure provided for $[Redacted] Closing Protection Letter from LE to CD.   Reviewer Comment (2019-02-22): Fees marked as used same provided however not one on the settlement provider list.


Buyer Comment (2019-02-22): This is a fee that the borrower shopped for and didn't use the title company on (Redacted)'s service providers list therefore there is no tolerance
 2/XX/2019  8:32:14 PM     1 A 10/XX/2018 CO 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 C A Non QM Non QM Yes
206161774           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.       Reviewer Comment (2019-02-22): Desk review provided.
 2/XX/2019  8:31:03 PM     1 A 10/XX/2018 CO Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Non QM No
206161775           Credit Loan Package Documentation Application / Processing Missing Document: Fraud Report not provided       Reviewer Comment (2019-02-22): Received
 1/XX/2019  9:34:51 AM     1 A 10/XX/2018 TX Primary Purchase   C B C A B B A A Non QM Non QM No
206161775           Credit Credit Credit Documentation No evidence of fraud report in file Credit Report: Original // Borrower: Borrower: [Redacted]     Reviewer Comment (2019-02-22): Received


Buyer Comment (2019-02-22): Duplicate
 1/XX/2019  9:35:12 AM     1 A 10/XX/2018 TX Primary Purchase   C B C A B B A A Non QM Non QM No
206161775           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2019-02-22): Attestation approved by (Redacted) in file.
 1/XX/2019  1:03:01 PM     1 A 10/XX/2018 TX Primary Purchase   C B C A B B A A Non QM Non QM No
206161775           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) The closing date on the Note, Mortgage and final CD is [Redacted], but the documents were all signed [Redacted].   Reviewer Comment (2019-02-22): Waive per client.
     1/XX/2019  1:03:21 PM 2 B 10/XX/2018 TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
206161776           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.   LO Compensation Disclosure is missing.   Reviewer Comment (2019-02-22): Attestation approved by (Redacted) in file.
 1/XX/2019  1:10:02 PM     1 A 11/XX/2018 CA Primary Purchase   C A C A B A A A Non QM Non QM No
206161776           Credit Missing Document General Incomplete Document: 1003 Final is incomplete   The initial and final [Redacted] applications are missing the answers to section VIII. Declarations.  Additionally, Years in current residence, marital status and # of dependents is blank on page x.   Reviewer Comment (2019-02-22): Updated 1003 provided.


Reviewer Comment (2019-02-22): The exception was not for a signature but to have these items of information completed.  These are still missing on the uploaded 1003 and are not complete on the final 1003 that the borrower did sign.


Buyer Comment (2019-02-22): The initial 1003 was taken over the phone and we don't require the borrower to sign it - they sign the final
 2/XX/2019  8:12:43 PM     1 A 11/XX/2018 CA Primary Purchase   C A C A B A A A Non QM Non QM No
206161777           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-02-22): Approval provided.
 1/XX/2019  10:40:11 PM     1 A 11/XX/2018 NV Investment Purchase   C A C A A A C A N/A N/A No
206161777           Property Property - Appraisal Appraisal Reconciliation Missing secondary valuation product required for securitization.       Reviewer Comment (2019-02-22): Desk review provided and is acceptable.
 2/XX/2019  8:35:09 PM     1 A 11/XX/2018 NV Investment Purchase   C A C A A A C A N/A N/A No
206161778           Compliance Compliance Federal Compliance TRID Seller Closing Disclosure TILA-RESPA Integrated Disclosure:  Seller Closing Disclosure not located in the file. (Final/[Redacted]) Missing   Reviewer Comment (2019-02-22): Waive per client.
     1/XX/2019  1:16:08 PM 2 B 11/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
206161778           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-02-22): Received
 1/XX/2019  9:38:48 AM     1 A 11/XX/2018 CA Primary Purchase   C B C B B B A A Non QM Non QM No
206161778           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Charge-offs / Balance:  [Redacted]     Buyer Comment (2019-02-22): Collection/Charge Offs between xk and xk are underwriter discretion, anything under xk doesn't need to be addressed. Medical collections no matter the amount will never need to be addressed. Public Records are underwriter discretion.
     1/XX/2019  1:32:20 AM 2 B 11/XX/2018 CA Primary Purchase   C B C B B B A A Non QM Non QM No
206161778           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) The final CD discloses the loan is not assumable, the note contains assumption language.   Reviewer Comment (2019-02-22): Waive per client.
     1/XX/2019  1:17:05 PM 2 B 11/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
206257256           Credit Guideline Guideline Issue Aged document: Primary Valuation is older than guidelines permit Valuation Type: Appraisal / Valuation Report Date: [Redacted] ___     Reviewer Comment (2019-03-01): Appraisal is within xxx per guides as appraisal dated x/x/xxxx and consummation date x/xx/xxxx expiration date x/x/xxxx.
 6/XX/2018  10:32:20 AM     1 A 5/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257256           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.24730% or Final Disclosure APR of 7.32200% is in excess of allowable threshold of APOR 4.51% + 1.5%, or 6.01000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     6/XX/2018  10:15:48 AM 1 A 5/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257256           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) New York Subprime Loan: Counseling Disclosure not provided to borrower. Missing evidence of the borrower's receipt of the NY Subprime Counseling Disclosure.   Reviewer Comment (2019-03-01): Seller provided the NY Subprime Counseling Disclosure dated x/x/xxxx.


Reviewer Comment (2019-03-01): (j) No lending without providing information on the availability of counseling. A lender or mortgage broker must deliver, place in the mail, fax or electronically transmit the following notice in at least twelve point type to the borrower of a subprime home loan at the time of application: "You should consider financial counseling prior to executing loan documents. The enclosed list of counselors is provided by the New York State Department of Financial Services." In the event of a telephone application, the disclosures must be made immediately after receipt of the application by telephone. Such disclosure shall be on a separate form. In order to utilize an electronic transmission, the lender or broker must first obtain either written or electronically transmitted permission from the borrower. A list of approved counselors, available from the New York state department of financial services, shall be provided to the borrower by the lender or the mortgage broker at the time that this disclosure is given. Exception remains.


Reviewer Comment (2019-03-01): Seller provided the Homeownership Counseling Disclosure with out the following verbiage :"You should consider financial counseling prior to executing loan documents. The enclosed list of counselors is provided by the New York State Banking Department." Document supplied was not the NY Counseling disclosure.
 7/XX/2018  3:21:31 PM     1 A 5/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257256           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) New York Subprime Loan:  Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law. Missing evidence of the Mortgage containing legend stating that the subprime loan is subject to Section x-m of the Banking Law.   Reviewer Comment (2019-03-01): Seller provided the xst page of the Loan Security Agreement containing the Subprime Legend and Intent to re-record dated  x/xx/xxxx.


Reviewer Comment (2019-03-01): Seller provided page x of the mortgage with legend. Missing the following: Letter of Explanation, and Proof of Delivery.  Best Practice would be to have signed and re-recorded Mortgage. Exception remains.


Reviewer Comment (2019-03-01): The NY Subprime legend is a requirement under x of the NY Banking Law x-m and the exception is valid.
x. Required legend. Subprime home loan mortgages shall include a legend on top of the mortgage in twelve-point type stating that the mortgage is a subprime home loan subject to this section. Exception remains.


Reviewer Comment (2019-03-01): Escalated
 7/XX/2018  3:21:31 PM     1 A 5/XX/2018 NY Primary Refinance - Cash-out - Other 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. C B C B C B A A Non QM Non QM Yes
206257256           Compliance Compliance State Compliance (State HPML Provision) New York Subprime Loan (Escrow Not Established) New York Subprime Loan: Mandatory escrow account not established for the collection of property taxes and insurance. (Note: Does not apply to a subordinate lien when the taxes and insurance are escrowed through another home loan.  It also does not apply if the borrower can demonstrate a record of 12 months of timely payments of taxes and insurance on a previous home loan.) Final Disclosure reflects No escrows.   Reviewer Comment (2019-03-01): lender opened the escrow account post-closing to meet the subprime requirement. The documentation is sufficient to cure the exception PCCD dated (Redacted) IEAD dated x/xx/xxxx.


Reviewer Comment (2019-03-01): Though the financial statements show that the borrower is not paying the taxes and insurance directly (which is what we would expect), this does not provide evidence that the maintenance fees being paid by our borrower are not used to pay the taxes and insurance. Any amount paid by the borrower that is used toward the taxes and insurance would be required to be escrowed. Exception remains.


Reviewer Comment (2019-03-01): The tax disclosure relates to the escrow requirement in that there are taxes and insurance required on co-ops, they are just generally not paid by the borrower. However, when incorporated into the monthly maintenance fees, the maintenance fees should then be escrowed. If they are paid another way, please advise. Exception remains.


Reviewer Comment (2019-03-01): If taxes/insurance are included in the monthly maintenance fees or dues, then that amount would be required to be escrowed. Unlike federal HPML, NY subprime does not exempt co-ops from the escrow requirement. Please provide evidence that there are no taxes or insurance paid by the borrower or included in the monthly maintenance fee subject to review. Exception remains.


Reviewer Comment (2019-03-01): Escalated
   09/04/2018   2 B 5/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM Yes
206257256           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan. Loan is a compliant New York Subprime loan.   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): Loan exception has been downgraded EVx-B compliant NY Subprime loan .


Buyer Comment (2019-03-01): Please advise if cleared?


Reviewer Comment (2019-03-01): Escalated
     9/XX/2018  11:53:47 AM 2 B 5/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257256           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) New York Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan. Missing evidence of the borrower's receipt of the NY Subprime Tax Disclosure.   Reviewer Comment (2019-03-01): Taxes and insurance and HOA disclosed on the initial LE dated x/x/xxxx.


Reviewer Comment (2019-03-01): The tax disclosure relates to the escrow requirement in that there are taxes and insurance required on co-ops, they are just generally not paid by the borrower. However, when incorporated into the monthly maintenance fees, the maintenance fees should then be escrowed. If they are paid another way, please advise. Exception remains.


Reviewer Comment (2019-03-01): If taxes/insurance are included in the monthly maintenance fees or dues, then that amount would be required to be escrowed. Unlike federal HPML, NY subprime does not exempt co-ops from the escrow requirement. Please provide evidence that there are no taxes or insurance paid by the borrower or included in the monthly maintenance fee subject to review. Exception remains.


Reviewer Comment (2019-03-01): Escalated
 6/XX/2018  11:20:24 AM     1 A 5/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257256           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) A Cure for (Title - Examination Fee) of ([Redacted]was not provided.   Reviewer Comment (2019-03-01): After fee review entry fee was listed on CD only and not LE paid to same service provider.
 6/XX/2018  4:07:35 PM     1 A 5/XX/2018 NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257256           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Examination Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Fee was not disclosed on Loan Estimate.   Reviewer Comment (2019-03-01): After fee review entry fee was listed on CD only and not LE paid to same service provider.
 6/XX/2018  4:07:35 PM     1 A 5/XX/2018 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 B C B A A Non QM Non QM Yes
206257256           Credit Property - Appraisal Property Eligibility - Subject and Improvements Guideline Issue:  Property type not allowed per credit guidelines   Lender approved exception to allow Property type is Cooperative. Co-Borrower XXX

Borrower XXX with 27 years in same line of work

Credit score is 656, 16 points > program requirement of 640

LTV is 63.415%, 6.585% < program maximum of 70%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this requirement based on compensating factors.
     6/XX/2018  10:19:53 AM 2 B 5/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257256           Compliance Compliance Federal Compliance TRID Post Close Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Post Closing Disclosure:  Finance Charge of [Redacted] disclosed on the Final Closing Disclosure dated [Redacted] is under-disclosed by more than $35 compared to the Financed Charge calculated based on fees disclosed on the Post Closing Disclosure of $[Redacted] provided on [Redacted], a difference of $[Redacted]. (Post-Close/[Redacted]) Calculated PC finance charge [Redacted] > final CD finance charge[Redacted]   Reviewer Comment (2019-03-01): Post Close CD reflects appropriate finance charge.


Buyer Comment (2019-03-01): The Title examination fee is not an APR fee so this is invalid. Please waive.


Reviewer Comment (2019-03-01): Fees included in APR: Application fee $xxx, Flood Cert (life of loan) $x.xx, Loan Disc Points $xxx, Prepaid Interest $xxx.xx, Processing Fee $xxx, Title - Courier/Express Mail/Messenger Fee $xxx, Title -Recording Service Fee $xxx, Title - Settlement/Closing/Escrow Fee $xxx.xx.  (total APR fees $xxxx.xx).  It appears the difference is Title - Examination Fee of $xxx.


Buyer Comment (2019-03-01): Could you pleas send me your figures on why we are under disclosed on the PC CD?


Reviewer Comment (2019-03-01): Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable
 9/XX/2018  4:42:52 PM     1 A 5/XX/2018 NY 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 B C B A A Non QM Non QM Yes
206257257           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.     Appraisal dated 6/XX/2018 with no damage dated after the declared disaster date 1/XX/2018. Reviewer Comment (2019-03-01): (Redacted) has elected to waive with compensating factor.
     7/XX/2018  3:20:33 PM 2 B 6/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B C A Non QM Non QM No
206257257           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Lender exception for DTI of [Redacted] exceeding maximum of [Redacted]. Current calculations are [Redacted]% missing lenders [Redacted] at [Redacted] 16.25 months reserves >3 months guideline minimum - borrowers have verified reserves of $XXX.

Good mortgage payment history, 0x30 in the past 4 years.

Borrower has employment stability for 20 years, XXX		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     7/XX/2018  3:28:12 PM 2 B 6/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B C A Non QM Non QM No
206257257           Credit Loan Package Documentation Closing / Title Missing Document: Rider - PUD not provided   Appraisal shows subject is a PUD with HOA fees, no PUD Rider attached to the security instrument.   Reviewer Comment (2019-03-01): Seller provided the revised DOT with the signed and dated PUD rider x/xx/xxxx.
 7/XX/2018  2:31:51 PM     1 A 6/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B C A Non QM Non QM No
206257257           Compliance Compliance Federal Compliance 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 file does not meet ATR requirements due to lack of current self-employment verification.   Reviewer Comment (2019-03-01): Lenders guidelines allow bank statements within xx days to meet income verification.


Reviewer Comment (2019-03-01): Per FNMA the Lender must verify the existence id the borrowers business within xxx calendar days prior to the note date - from a third party, such as a CPA, regulatory agency or applicable licensing bureau or by verifying a phone listing and address for the borrowers business using a telephone book, the internet, or directory assistance. Exception remains


Buyer Comment (2019-03-01): Can I send you something else to cure?


Reviewer Comment (2019-03-01): If there is no third party verification of ongoing employment, the loan would not meet the guidelines and more importantly would not be in accordance with xxxx.xx which requires  the consideration and verification of employment at or before consummation, The lack of verification of the current employment status is not able to be waived and is a significant compliance issue. Exception remains.


Reviewer Comment (2019-03-01): Missing the third party verification or CPA letter dated within xx days prior to the note date. Exception remains.
 9/XX/2018  4:38:13 PM     1 A 6/XX/2018 CA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status C B C B C B C A Non QM Non QM Yes
206257257           Compliance Compliance Federal Compliance 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. ATR risk due to missing employment verification(s).   Reviewer Comment (2019-03-01): Seller waived exception
 7/XX/2018  3:30:50 PM     1 A 6/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B C A Non QM Non QM No
206257257           Compliance Compliance Federal Compliance NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. ATR risk due to missing employment verification(s).   Reviewer Comment (2019-03-01): Lenders guidelines allow bank statements within xx days to meet income verification. Issue cleared.
 9/XX/2018  10:35:46 AM     1 A 6/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B C A Non QM Non QM No
206257257           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted],  Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. ([Redacted]) The tax returns used were not current based on the closing date.  Evidence of extension provided; however, current P&L statement or third party verification within [Redacted] days of closing are missing.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Reviewer Comment (2019-03-01): Loan closed x/xx/xxxx -  Missing xxxx Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.
     9/XX/2018  8:33:04 AM 2 B 6/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B C A Non QM Non QM No
206257257           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) The final CD disclosed a closing date of [Redacted]; however, the documents were signed on [Redacted].  Please provide a Post Consummation CD which updates the closing date and provides a cure to the borrower for the x% and [Redacted] tolerance violations and which takes the initial LE (or lack of one) into account.   Reviewer Comment (2019-03-01): Seller provided a LOX and corrected PCCD
   7/XX/2018  2:57:13 PM   1 A 6/XX/2018 CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B C A Non QM Non QM Yes
206257257           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the increases to the Processing Fee and the Credit Report Fee.   Reviewer Comment (2019-03-01): Seller provided the PCCD, refund, LOX and shipping label.


Reviewer Comment (2019-03-01): Seller provided a CD dated x/xx/xxxx and COC for addition of credit report fee and the x/xx/xx LE doe the addition of the Brokers Processing Feehowever fee theses fees were not disclosed on the initial LE and COC is not valid. Exception remains.
   7/XX/2018  1:19:22 PM   2 B 6/XX/2018 CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B C A Non QM Non QM Yes
206257257           Compliance Compliance Federal Compliance TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on [Redacted] reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (Final/[Redacted]) $[Redacted] Processing Fee located in Section B of Final CD is paid to the broker.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     7/XX/2018  3:16:49 PM 2 B 6/XX/2018 CA Primary Refinance - Cash-out - Other Good Faith Redisclosure C B C B C B C A Non QM Non QM Yes
206257257           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure x/x/xxxx 12:00:00 AM was received. (Interim/[Redacted]) [Redacted] LE and [Redacted] CD both E-signed by borrowers on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     7/XX/2018  3:16:41 PM 2 B 6/XX/2018 CA Primary Refinance - Cash-out - Other No Defined Cure C B C B C B C A Non QM Non QM No
206257257           Compliance Compliance Federal Compliance 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. The CD issued on [Redacted] added the Credit Report Fee of [Redacted] without a valid change of circumstance.   Reviewer Comment (2019-03-01): Seller provided the PCCD, refund, LOX and shipping label.


Reviewer Comment (2019-03-01): The credit report fee was not on the initial LE dated x/xx/xxxx and is a required fee and added on the x/xx/xxxx LE with a invalid COC. Exception remains.


Reviewer Comment (2019-03-01): Seller provided a CD dated x/xx/xxxx and COC for addition of credit report fee however fee was not disclosed on the initial LE and COC is not valid. Exception remains.
   7/XX/2018  1:19:06 PM   2 B 6/XX/2018 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 C A Non QM Non QM Yes
206257257           Compliance Compliance Federal Compliance TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [Redacted, prior to three (3) business days from transaction date of [Redacted. The final CD disclosed a closing date of [Redacted]; however, the documents were signed on [Redacted].  Please provide a Post Consummation CD which updates the closing date and provides a cure to the borrower for the x% and [Redacted] tolerance violations and which takes the initial LE (or lack of one) into account.   Reviewer Comment (2019-03-01): Seller provided the corrected PCCD with the closing date of x/xx/xxxx.
 7/XX/2018  2:56:05 PM     1 A 6/XX/2018 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 C A Non QM Non QM Yes
206257257           Compliance Compliance Federal Compliance 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. The LE issued on [Redacted] added the Processing Fee of [Redacted] without a valid change of circumstance.  The COC form does not disclose why the fee was added.   Reviewer Comment (2019-03-01): Seller provided the PCCD, refund, LOX and shipping label.


Reviewer Comment (2019-03-01): Seller provided a copy of the x/x/xx LE with the addition of the brokers processing fee and COC for fee changes however this fee was not provided on the initial LE dated x/xx/xxxx disclosed by the Broker and COC is invalid. Exception remains.


Reviewer Comment (2019-03-01): Seller provided a copy of the x/x/xx LE with the addition of the brokers processing fee and COC for fee changes however this fee was not provided on the initial LE and COC is invalid. Exception remains.
   7/XX/2018  1:18:57 PM   2 B 6/XX/2018 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 C A Non QM Non QM Yes
206257257           Compliance Compliance Federal Compliance General Ability To Repay Provision Employment - Schedule C Ability to Repay (Dodd-Frank 2014): Unable to verify current Sole Proprietorship employment status using reasonably reliable third-party records. ([Redacted]) The loan fails ATR requirements due to lack of current self-employment income documentation.   Reviewer Comment (2019-03-01): Lenders guidelines allow bank statements within xx days to meet income verification.


Reviewer Comment (2019-03-01): If there is no third party verification of ongoing employment, the loan would not meet the guidelines and more importantly would not be in accordance with xxxx.xx which requires  the consideration and verification of employment at or before consummation, The lack of verification of the current employment status is not able to be waived and is a significant compliance issue. Exception remains.


Reviewer Comment (2019-03-01): Escalated


Reviewer Comment (2019-03-01): Missing the third party verification or CPA letter dated within xx days prior to the note date. Exception remains.
 9/XX/2018  4:37:46 PM     1 A 6/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B C A Non QM Non QM No
206257257           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted],  Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. ([Redacted]) The loan fails ATR requirements due to lack of current self-employment income documentation.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Reviewer Comment (2019-03-01): Loan closed x/xx/xxxx -  Missing xxxx Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.
     9/XX/2018  8:33:29 AM 2 B 6/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B C A Non QM Non QM No
206257257           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ A verbal VOE dated within 10 days of closing was not provided.   Reviewer Comment (2019-03-01): Seller provided the third party verification dated x/xx/xxxx after close borrower still listed as XXX.
 7/XX/2018  3:21:13 PM     1 A 6/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B C A Non QM Non QM No
206257257           Compliance Compliance Federal Compliance 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. (Type:Primary/[Redacted]) An earlier version of the appraisal was provided to the borrower and is provided in the file.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     7/XX/2018  3:16:18 PM 2 B 6/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B C A Non QM Non QM No
206257257           Property Property - Appraisal General Appraisal Requirements Valuation Exception:   Please provide an explanation of the change in the Appraiser's effective date from [Redacted] in the initial versions, to [Redacted] in the updated version.   Reviewer Comment (2019-03-01): Seller provided appraisal with appraiser comments on page x that states the difference on the dates on the reports was due to a typographical error.


Buyer Comment (2019-03-01): On page x of the updated appraisal already uploaded it says that the difference on the dates on the reports is due to a typographical error.


Reviewer Comment (2019-03-01): Seller provided the appraisal with effective date x/xx/xxxx and no reason for change from x/xx/xx. Exception remains.


Reviewer Comment (2019-03-01): Seller provided the appraisal with effective date x/xx/xxxx please provide reason for effective date change from appraiser. Exception remains.


Reviewer Comment (2019-03-01): No documentation provided. Exception remains.
 8/XX/2018  12:10:28 PM     1 A 6/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B C A Non QM Non QM No
206257257           Credit Loan Package Documentation Application / Processing Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided   Missing the [Redacted] with DTI of [Redacted]   Reviewer Comment (2019-03-01): Seller provided a revised lender approved exception for xx.xxxxx% DTI.
 7/XX/2018  3:19:11 PM     1 A 6/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B C A Non QM Non QM No
206257258           Credit Credit Credit Documentation Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided       Reviewer Comment (2019-03-01): Seller provided revised xxxx reflecting xxxx.xx in rent.


Reviewer Comment (2019-03-01): Seller provided bank statement for cancelled checks in the amount of xxxx however the xxxxx reflects x.xx in rent please provide documentation of actual rental amount. Exception remains
 9/XX/2018  4:16:55 PM     1 A 7/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257258           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing required [Redacted] Ax Income Worksheet.   Reviewer Comment (2019-03-01): Seller provided the income analysis matching the bank statement for x/xxxx-x/xxxx.


Reviewer Comment (2019-03-01): Months x/xxxx and x/xxxx on bank statement analysis reflect xx,xxx and x and statements reflect  xx,xxx and xxxxx.xx- these items do not match either provided a corrected analysis or x/xxxx or updated/correct statement for x/xxxx and monthly income used.


Reviewer Comment (2019-03-01): Seller provided the income analysis for the bank statement deposits however the months of x/xx and x/xx do not match the bank statements provided please provide the correct bank statement or revised analysis.


Reviewer Comment (2019-03-01): Seller provided a written statement for amended income of xxxx.xxxxxxx-unverified deposits xxx% expense factor however the bank statements are not equal to xxxx.xx each month please provide the income analysis reflecting each monthly bank statement deposit and adjustment for unverified deposits over the xx months as required.


Reviewer Comment (2019-03-01): Please provide in addition to the comments of revised income the SPAx income worksheet containing the xx months bank statements deposits and adjustments for unverified deposits. Exception remains


Reviewer Comment (2019-03-01): No worksheet provided. Exception remains


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): Seller provided a copy of the comments the UW made to revise the income calculation however did not provide the income worksheet with bank statement deposits and adjustments used. Please provide worksheet. Exception remains.
 9/XX/2018  6:37:42 PM     1 A 7/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.81470% or Final Disclosure APR of 6.85300% is in excess of allowable threshold of APOR 4.67% + 1.5%, or 6.17000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): Seller provided the second appraisal for xxx,xxx dated x/x/xxxx
 9/XX/2018  4:19:13 PM     1 A 7/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance Federal Compliance Missing Initial Loan Application Test No evidence of application date located in file.  Compliance tests were run using an application date of  [Redacted] which is 1 months prior to consummation. A lookback was performed to determine this application date.  The final date used for testing was  [Redacted].     Reviewer Comment (2019-03-01): Seller provided the initial xxxx dated x/xx/xxxx.
 8/XX/2018  10:56:57 AM     1 A 7/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance Federal Compliance TILA NMLSR - Originator Company Not Licensed at time of Application Unable to test LO company NMLS license due to missing information.     Reviewer Comment (2019-03-01): Seller provided the initial xxxx dated x/xx/xxxx.
 8/XX/2018  10:56:57 AM     1 A 7/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance Federal Compliance Federal Loan Originator Compensation - Individual LO Not NMLS Licensed at Time of Application Unable to test Loan Originator license due to missing information.     Reviewer Comment (2019-03-01): Seller provided the initial xxxx dated x/xx/xxxx.
 8/XX/2018  10:56:57 AM     1 A 7/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance Federal Compliance TILA NMLSR - Individual Originator License Status Not Approved Unable to test Individual Loan Originator license status due to missing information.     Reviewer Comment (2019-03-01): Seller provided the initial xxxx dated x/xx/xxxx.
 8/XX/2018  10:56:57 AM     1 A 7/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance Federal Compliance TILA NMLSR - Originator Company License Status Not Approved Unable to test LO company status due to missing information.     Reviewer Comment (2019-03-01): Seller provided the initial xxxx dated x/xx/xxxx.
 8/XX/2018  10:56:57 AM     1 A 7/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance Federal Compliance RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.   Reviewer Comment (2019-03-01): Seller provided the initial xxxx dated x/xx/xxxx.
 8/XX/2018  10:56:57 AM     1 A 7/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) New York Subprime Loan: Counseling Disclosure not provided to borrower. New York Subprime Loan: Counseling Disclosure not provided to borrower.   Reviewer Comment (2019-03-01): Seller provided the NY Subprime counseling disclosure dated x/xx/xxxx


Reviewer Comment (2019-03-01): No document provided. Exception remains open.
 8/XX/2018  5:40:35 PM     1 A 7/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) New York Subprime Loan:  Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law.     Reviewer Comment (2019-03-01): Seller provided the corrected mortgage with required Legend, LOX and proof of delivery - delivered.


Reviewer Comment (2019-03-01): Seller provided a copy of the Mortgage containing the Subprime Legend missing the LOX and proof of delivery. (copy of Intent to re-record provided -mortgage was not signed) Exception remains
   9/XX/2018  10:55:06 AM   2 B 7/XX/2018 NY Primary Purchase 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. C B C A C B A A Non QM Non QM Yes
206257258           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan. All subprime exceptions cured/cleared.  Loan is a compliant Subprime Home Loan.   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): Escalated


Buyer Comment (2019-03-01): Please clear


Reviewer Comment (2019-03-01): Exception remains for Subprime non-compliant
     9/XX/2018  1:17:12 PM 2 B 7/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) New York Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan.     Reviewer Comment (2019-03-01): LE dated x/xx/xxxx discloses taxes and insurance escrows.
 8/XX/2018  11:09:55 AM     1 A 7/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Demand Feature TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan contains a Demand Feature. (Final/[Redacted]) Final disclosure fails to indicate if the loan has a demand feature   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     8/XX/2018  10:00:20 AM 2 B 7/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257258           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant.   Reviewer Comment (2019-03-01): Seller provided the home loan toolkit dated x/xx/xxxx.
 8/XX/2018  11:04:25 AM     1 A 7/XX/2018 NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance Federal Compliance 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 (2019-03-01): Seller provided the SSLP dated x/xx/xxxx.
 8/XX/2018  11:04:25 AM     1 A 7/XX/2018 NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance Federal Compliance ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower.     Reviewer Comment (2019-03-01): Seller provided the e-disclosure date (Redacted)
 8/XX/2018  3:41:24 PM     1 A 7/XX/2018 NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower.   Reviewer Comment (2019-03-01): Seller provided the CHARM disclosure and lender document provided date e-disclosure date (Redacted)
 8/XX/2018  3:41:24 PM     1 A 7/XX/2018 NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance Federal Compliance 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 exceeded for Appraisal Fee. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Sufficient or excess cure was provided to the borrower at Closing.       7/XX/2018  8:11:38 AM   1 A 7/XX/2018 NY Primary Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
206257258           Compliance Compliance Federal Compliance 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. (Type:Additional/[Redacted])     Reviewer Comment (2019-03-01): Seller provided the appraisal receipt for the primary appraisal not secondary appraisal.
 8/XX/2018  11:01:31 AM     1 A 7/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance Federal Compliance (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Flipped Property - Did Not Obtain 2 Appraisals) TILA HPML Appraisal Rule  (Dodd-Frank 2014): Flipped Property - Creditor did not obtain two (2) written appraisals.     Reviewer Comment (2019-03-01): Seller provided the second appraisal for xxx,xxx dated x/x/xxxx


Reviewer Comment (2019-03-01): Provide evidence of receipt of appraisal dated x/x/xxxx. Exception remains


Buyer Comment (2019-03-01): Please see upload
 9/XX/2018  4:19:13 PM     1 A 7/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance Federal Compliance 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 10% or $xxx.xx.  Insufficient or no cure was provided to the borrower. (0) Settlement fee in section B on CD's not disclosed on LE's to SSPL   Reviewer Comment (2019-03-01): x% tolerance cure was disclosed on final CD.  No additional cure is required.


Buyer Comment (2019-03-01): Cured $xxx  on final CD which is $xxx for the appraisal (highlighted below)

x% and xx% was cured by the additional $xx from the above $xxx.  There should be no further cures needed for that as the title company was NOT on our SSPL and therefore we are not held to their fees.

Settlement fee was disclosed on all LEs' and provider is on our SSPL therefore we are held to tolerance which we did not violate.


Reviewer Comment (2019-03-01): Seller provided a PCCD, LOX clearing demand feature only no refund for xx% tolerance. Exception remains


Buyer Comment (2019-03-01): Please see upload
 9/XX/2018  5:37:40 PM     1 A 7/XX/2018 NY 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
206257258           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Cure for various x% and [Redacted] tolerance violations ([Redacted]) was not provided.   Reviewer Comment (2019-03-01): x% tolerance cure was disclosed on final CD.  No additional cure is required.


Buyer Comment (2019-03-01): Cured $xxx  on final CD which is $xxx for the appraisal (highlighted below)

x% and xx% was cured by the additional $xx from the above $xxx.  There should be no further cures needed for that as the title company was NOT on our SSPL and therefore we are not held to their fees.

Settlement fee was disclosed on all LEs' and provider is on our SSPL therefore we are held to tolerance which we did not violate.


Reviewer Comment (2019-03-01): Seller provided a PCCD, LOX clearing demand feature only no refund for xx% and x% tolerance. Exception remains


Buyer Comment (2019-03-01): Please see upload
 9/XX/2018  5:37:40 PM     1 A 7/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257258           Compliance Compliance Federal Compliance 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 COC in file for increase in fee.   Reviewer Comment (2019-03-01): x% tolerance cure was disclosed on final CD.  No additional cure is required.


Buyer Comment (2019-03-01): Cured $xxx  on final CD which is $xxx for the appraisal (highlighted below)

x% and xx% was cured by the additional $xx from the above $xxx.  There should be no further cures needed for that as the title company was NOT on our SSPL and therefore we are not held to their fees.

Settlement fee was disclosed on all LEs' and provider is on our SSPL therefore we are held to tolerance which we did not violate.


Reviewer Comment (2019-03-01): Seller provided a PCCD, LOX clearing demand feature only no refund for x% tolerance. Exception remains


Buyer Comment (2019-03-01): Please see upload
 9/XX/2018  5:37:40 PM     1 A 7/XX/2018 NY 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
206257258           Compliance Compliance Federal Compliance ARM Disclosure Compliant TIL variable rate disclosure: ARM loan program disclosure does not match terms of loan. Only e-disclosure date provided no actual document provide to confirm loan program matches term of loan.   Reviewer Comment (2019-03-01): Seller provided the ARM disclosure dated x/xx/xxxx.


Reviewer Comment (2019-03-01): Initial xxxx dated x/xx/xxxx as fixed rate LE dated x/xx/xxxx as ARM electronic receipt of ARM disclosure (Redacted) not within x days. Exception remains


Reviewer Comment (2019-03-01): Seller provided the CHARM disclosure not ARM disclosure and copy of electronic receipt on (Redacted). Please provide copy of actual ARM disclosure. Exception remains.
 9/XX/2018  6:32:53 PM     1 A 7/XX/2018 NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Compliant) New York Subprime Loan: Counseling Disclosure not compliant.     Reviewer Comment (2019-03-01): NY Subprime counseling disclosure compliant.


Reviewer Comment (2019-03-01): Escalated
 9/XX/2018  11:14:33 AM     1 A 7/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) New York Subprime Loan: Counseling Disclosure not provided to borrower within three days of application. State counseling disclosure provided date [Redacted] > application date plus x days [Redacted]   Reviewer Comment (2019-03-01): Disclosure provided within three days of when loan changed from fixed to ARM which is when loan became Subprime Loan.  Timing exception cleared.


Reviewer Comment (2019-03-01): Escalated


Buyer Comment (2019-03-01): Loan started off as a Fixed loan and then changed
 9/XX/2018  12:41:29 PM     1 A 7/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Additional/[Redacted])     Reviewer Comment (2019-03-01): Seller provided the appraisal receipt dated (Redacted).
 9/XX/2018  4:11:09 PM     1 A 7/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance Federal Compliance (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 three (3) business days prior to consummation. (Type:Additional[Redacted])     Reviewer Comment (2019-03-01): Seller provided the appraisal receipt dated (Redacted).
 9/XX/2018  4:11:09 PM     1 A 7/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance Federal Compliance 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. (Type:Additional/[Redacted]) Valuation received date [Redacted] < Valuation report date [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  10:40:19 AM 2 B 7/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257258           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.81470% or Final Disclosure APR of 6.85300% is in excess of allowable threshold of APOR 4.67% + 1.5%, or 6.17000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  4:19:48 PM 1 A 7/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257259           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Reviewer Comment (2019-03-01): Seller provided the initial xxxx dated x/xx/xxxx.
 8/XX/2018  4:55:25 PM     1 A 7/XX/2018 FL Second Home Purchase   C A C A C A A A Non QM Non QM No
206257259           Compliance Compliance Federal Compliance 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 $xxx.xx plus 10% or $xxx.xx.  Sufficient or excess cure was provided to the borrower at Closing. (0) Lender provided a $[Redacted] credit on the final CD to cure.       8/XX/2018  3:04:45 PM   1 A 7/XX/2018 FL Second Home Purchase Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
206257259           Compliance Compliance Federal Compliance 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 was originally disclosed on initial LE as $ [Redacted] yet fee charged was $ [Redacted] without a valid changed circumstance.  Lender credit of $ [Redacted] provided on final CD to cure.       8/XX/2018  3:04:45 PM   1 A 7/XX/2018 FL Second Home Purchase Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
206257259           Compliance Compliance Federal Compliance 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. Flood Cert fee on initial LE was $x yet final CD reflected a charge of [Redacted].  Lender credit of $[Redacted] provided on final CD to cure.       8/XX/2018  3:04:45 PM   1 A 7/XX/2018 FL Second Home Purchase Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
206257259           Compliance Compliance Federal Compliance 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. 2017 tax transcripts for personal and business tax returns or borrower signed 1040's and borrower signed 1120's not provided.   Reviewer Comment (2019-03-01): The seller provided updated xxxx and xxxx reflecting the S-Corp was not used to qualify


Reviewer Comment (2019-03-01): See final xxxx income of xxxx.xx used from S-corp and included in income on the final approved. Exception remains.


Buyer Comment (2019-03-01): Per UW, S Corp income was not used .Please provide where the income was being used.


Reviewer Comment (2019-03-01): Borrower has additional income source of income of S corp which requires the xxxx tax transcript for personal and business xxxx and xxxx's. Exception remains


Buyer Comment (2019-03-01): x/x/xx:  This is an asset depletion loan, xxxx's/xxxx's not required.  The income from the employment listed on the xxxx was not used to qualify the borrower, so verification is not required.  This information was input on the xxxx because it is a required field on the xxxx.**
 8/XX/2018  2:12:14 PM     1 A 7/XX/2018 FL Second Home Purchase Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM Yes
206257259           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - S-Corp Ability to Repay (Dodd-Frank 2014): Unable to verify S-Corp income using reasonably reliable third-party records. ( [Redacted]) [Redacted] tax transcripts for personal and business tax returns or borrower signed 1040's and borrower signed 1120's not provided.   Reviewer Comment (2019-03-01): The seller provided updated xxxx and xxxx reflecting the S-Corp was not used to qualify


Reviewer Comment (2019-03-01): See final xxxx income of xxxx.xx used from S-corp and included in income on the final approved. Exception remains.


Buyer Comment (2019-03-01): Per UW, S Corp income was not used .Please provide where the income was being used.


Reviewer Comment (2019-03-01): Borrower has additional income source of income of S corp which requires the xxxx tax transcript for personal and business xxxx and xxxx's. Exception remains


Buyer Comment (2019-03-01): x/x/xx:  This is an asset depletion loan, xxxx's/xxxx's not required.  The income from the employment listed on the xxxx was not used to qualify the borrower, so verification is not required.  This information was input on the xxxx because it is a required field on the xxxx.**
 8/XX/2018  2:12:05 PM     1 A 7/XX/2018 FL Second Home Purchase   C A C A C A A A Non QM Non QM No
206257259           Compliance Compliance Federal Compliance NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. [Redacted] tax transcripts for personal and business tax returns or borrower signed 1040's and borrower signed 1120's not provided.   Reviewer Comment (2019-03-01): The seller provided updated xxxx and xxxx reflecting the S-Corp was not used to qualify
 8/XX/2018  2:14:34 PM     1 A 7/XX/2018 FL Second Home Purchase   C A C A C A A A Non QM Non QM No
206257259           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-03-01): Seller provided the loan approval dated x/xx/xxxx with DTI of xx.xxx%.


Reviewer Comment (2019-03-01): No loan approval provided the exception remains.


Buyer Comment (2019-03-01): x/x/xx:  This is an asset depletion loan, xxxx's/xxxx's not required.  The income from the employment listed on the xxxx was not used to qualify the borrower, so verification is not required.  This information was input on the xxxx because it is a required field on the xxxx.**
 8/XX/2018  1:53:48 PM     1 A 7/XX/2018 FL Second Home Purchase   C A C A C A A A Non QM Non QM No
206257259           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Depletable Assets:  Lender worksheet in file appears to indicate that the lender has used [Redacted] of the balances in the [Redacted] and [Redacted] accounts, although the Percent Used column indicates only [Redacted] should be used; that is not what is reflected in the figures.  Since funds are being used for income (ie, taxable), I reduced the Depletable asset base to the discount for Stocks ([Redacted]), and then subsequently by the amounts need for closing (per the system, [Redacted] (CD p.x) and the amount required for reserves of [Redacted] ([Redacted]).  This results in a DTI of [Redacted].   Reviewer Comment (2019-03-01): Guidelines allow for xxx% of asset to be used for asset depletion income.


Buyer Comment (2019-03-01): x/x/xx:  the percent used column on the calculator in file states xxx%; not sure where you are coming up with xx%?**
 8/XX/2018  1:11:37 PM     1 A 7/XX/2018 FL Second Home Purchase   C A C A C A A A Non QM Non QM No
206257259           Compliance Compliance Federal Compliance 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 exceeds guidelines; self employed income taxes missing signature (business and personal).   Reviewer Comment (2019-03-01): The seller provided updated final 1003 and 1008


Reviewer Comment (2019-03-01): See final xxxx income of xxxx.xx used from S-corp and included in income on the final approved. Exception remains.


Buyer Comment (2019-03-01): Per UW, S Corp income was not used .Please provide where the income was being used.


Reviewer Comment (2019-03-01): Borrower has additional income source of income of S corp which requires the xxxx tax transcript for personal and business xxxx and xxxx's. Exception remains


Buyer Comment (2019-03-01): x/x/xx:  This is an asset depletion loan, xxxx's/xxxx's not required.  The income from the employment listed on the xxxx was not used to qualify the borrower, so verification is not required.  This information was input on the xxxx because it is a required field on the xxxx.**
 8/XX/2018  2:08:49 PM     1 A 7/XX/2018 FL Second Home Purchase   C A C A C A A A Non QM Non QM No
206257259           Credit Loan Package Documentation Application / Processing Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided       Reviewer Comment (2019-03-01): the seller provided 1008
 8/XX/2018  2:12:34 PM     1 A 7/XX/2018 FL Second Home Purchase   C A C A C A A A Non QM Non QM No
206257259           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy.   The seller provided evidence that the S-Corp income was not used to qualify. Asset depletion calculation resulted in a review value of [Redacted] resulting in a DTI of [Redacted]   Reviewer Comment (2019-03-01): Borrowers income of xx,xxx.xx based on accounts used for asset depletion meets ratios


Reviewer Comment (2019-03-01): The income calculator is not correct as utilizing xxxx in S-corp income please provide a corrected calculator with only the asset depletion income as listed on the xxxx of xxxxx.xx as account do not match amounts used. Exception remains.
 8/XX/2018  12:28:45 PM     1 A 7/XX/2018 FL Second Home Purchase   C A C A C A A A Non QM Non QM No
206257259           Credit Assets Asset Calculation / Analysis Available for Closing is insufficient to cover Cash From Borrower.   Documented qualifying Assets for Closing of  [Redacted] is less than Cash From Borrower [Redacted].   Reviewer Comment (2019-03-01): Borrower has sufficient assets for closing per statements and accounts verified
 8/XX/2018  12:27:52 PM     1 A 7/XX/2018 FL Second Home Purchase   C A C A C A A A Non QM Non QM No
206257259           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] The income calculator is not correct as utilizing [Redacted] in S-corp income please provide a corrected calculator with only the asset depletion income as listed on the [Redacted] of [Redacted] as account do not match amounts used. Exception remains.   Reviewer Comment (2019-03-01): Seller provided the corrected income calculator without S-Corp income.


Reviewer Comment (2019-03-01): Income calculator reflects S-corp income being used in the amount of xxxx.xx added to asset depletion income of xx,xxx.xx please provide evidence of asset depletion income for xxxxx.xx as listed on the xxxxxxxxx per approval S-corp income was not used. We are only utilizing asset depletion income. Exception remains.
 9/XX/2018  1:06:08 PM     1 A 7/XX/2018 FL Second Home Purchase   C A C A C A A A Non QM Non QM No
206257260           Credit Credit Miscellaneous Credit Exception:   Property has [Redacted] acres vs program maximum of [Redacted] acres. Lender exception provided to policy. Compensating factors include self employment over [Redacted] years. Credit score 638, 18 points > program requirement of 620

Borrower has employment stability for 10 years of self-employment.

18.78% LTV < 65.00% guideline max -  $379,004.00 more equity than required by program guidelines		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this requirement based on compensating factors.
     8/XX/2018  10:39:40 AM 2 B 7/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B A A A Non QM Non QM No
206257260           Credit Loan Package Documentation Application / Processing Missing Document: Other not provided   A Borrowers ATR Certification was not located in file.   Reviewer Comment (2019-03-01): Seller provided the borrowers ATR attestation.


Buyer Comment (2019-03-01): Income Calc, LE Tracking, ATR  uploaded
 8/XX/2018  4:28:44 PM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B A A A Non QM Non QM No
206257260           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.84980% or Final Disclosure APR of 6.84800% is in excess of allowable threshold of APOR 4.65% + 1.5%, or 6.15000%.  Compliant Higher Priced Mortgage Loan. Compliant Higher Priced Mortgage Loan.   Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     8/XX/2018  10:36:37 AM 1 A 7/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B A A A Non QM Non QM No
206257260           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 6.84980% or Final Disclosure APR of 6.84800% is in excess of allowable threshold of APOR 4.65% + 1.5%, or 6.15000%.  Compliant Higher Priced Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     8/XX/2018  10:36:41 AM 1 A 7/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B A A A Non QM Non QM No
206257260           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure x/xx/xxxx 12:00:00 AM was received. (Interim/[Redacted]) The final LE was provided on [Redacted] with no evidence of early receipt.   Reviewer Comment (2019-03-01): Seller provided the tracking disclosure for the initial LE dated (Redacted).


Buyer Comment (2019-03-01): See highlighted on x/xx LE Tracking


Reviewer Comment (2019-03-01): Seller provided the LE x/xx tracking disclosure however no receipt date provided. Exception remains.


Buyer Comment (2019-03-01): Income Calc, LE Tracking  uploaded
 8/XX/2018  5:26:37 PM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Other No Defined Cure C B C B B A A A Non QM Non QM No
206257260           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___     Reviewer Comment (2019-03-01): Seller provided the income worksheet


Buyer Comment (2019-03-01): Income Calc uploaded
 8/XX/2018  4:25:37 PM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B A A A Non QM Non QM No
206257261           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Reviewer Comment (2019-03-01): Seller provided the initial xxxx signed and dated (Redacted).
 8/XX/2018  2:04:20 PM     1 A 7/XX/2018 WV Primary Purchase   C B C A C B A A Non QM Non QM No
206257261           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Loan program guidelines require the use of the [Redacted] Calculator #Ax-BSI in determining the Borrower's qualifying income. A copy of the calculator results were not found in file.   Reviewer Comment (2019-03-01): Seller provided the income calculation worksheet for bank statements
 8/XX/2018  2:05:42 PM     1 A 7/XX/2018 WV Primary Purchase   C B C A C B A A Non QM Non QM No
206257261           Compliance Compliance Federal Compliance Federal FACTA Disclosure Timing Test FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. There is no documentation provided in file confirming that Borrower received a copy of the FACTA Disclosure until time of closing.   Reviewer Comment (2019-03-01): Seller provided the FACTA dated (Redacted).
 8/XX/2018  11:43:38 AM     1 A 7/XX/2018 WV Primary Purchase   C B C A C B A A Non QM Non QM No
206257261           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.82480% or Final Disclosure APR of 7.84400% is in excess of allowable threshold of APOR 4.58% + 1.5%, or 6.08000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): Seller provided the LE dated (Redacted).
 8/XX/2018  11:43:38 AM     1 A 7/XX/2018 WV Primary Purchase   C B C A C B A A Non QM Non QM No
206257261           Compliance Compliance Federal Compliance 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 three (3) business days of application.     Reviewer Comment (2019-03-01): Seller provided the Affiliated business disclosure dated (Redacted).
 8/XX/2018  11:43:38 AM     1 A 7/XX/2018 WV Primary Purchase   C B C A C B A A Non QM Non QM No
206257261           Compliance Compliance Federal Compliance 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.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     8/XX/2018  10:39:16 AM 2 B 7/XX/2018 WV Primary Purchase   C B C A C B A A Non QM Non QM No
206257261           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Evidence of date borrower received the appraisal is missing.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     8/XX/2018  10:39:35 AM 2 B 7/XX/2018 WV Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM Yes
206257261           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - HPML Status HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Evidence of date borrower received the appraisal is missing.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     8/XX/2018  10:39:45 AM 2 B 7/XX/2018 WV Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM No
206257261           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Evidence borrower received Servicing Disclosure is missing.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     8/XX/2018  10:39:56 AM 2 B 7/XX/2018 WV Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM Yes
206257261           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Evidence borrower received Home Loan Toolkit Disclosure is missing.   Reviewer Comment (2019-03-01): Seller provided the home loan toolkit dated (Redacted).
 8/XX/2018  11:43:38 AM     1 A 7/XX/2018 WV Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257261           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) The Closing Disclosure was not provided at least x business days prior to closing.   Reviewer Comment (2019-03-01): Seller provided the initial CD dated x/xx/xxxx.
 8/XX/2018  11:43:38 AM     1 A 7/XX/2018 WV Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257261           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. Evidence a Loan Estimate was provided to the borrower is missing.   Reviewer Comment (2019-03-01): Seller provided the LE dated (Redacted).
 8/XX/2018  11:43:38 AM     1 A 7/XX/2018 WV Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257261           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total [Redacted], while closing CD seller's fees total [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     8/XX/2018  5:17:17 PM 2 A 7/XX/2018 WV Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257261           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.82480% or Final Disclosure APR of 7.84400% is in excess of allowable threshold of APOR 4.58% + 1.5%, or 6.08000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     8/XX/2018  11:44:35 AM 1 A 7/XX/2018 WV Primary Purchase   C B C A C B A A Non QM Non QM No
206257261           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. Missing the E-consent   Reviewer Comment (2019-03-01): Seller provided the e-consent dated x/xx/xxxx.
 8/XX/2018  10:35:29 AM     1 A 7/XX/2018 WV Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257261           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Missing the SSPL   Reviewer Comment (2019-03-01): Seller provided the SSPL dated (Redacted)


Reviewer Comment (2019-03-01): No documents were uploaded on (Redacted) please provided the SSPL as this document has not been provided to review. Exception remains.


Buyer Comment (2019-03-01): The condition implies that we did not provide the SSPL to the consumer which is not accurate.  I provided this document previously on x/xx. Therefore, we are not subject to xx% tolerance.
 8/XX/2018  1:09:27 PM     1 A 7/XX/2018 WV Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257261           Compliance Compliance Federal Compliance 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 $0.00.  Insufficient or no cure was provided to the borrower. (7505) Desk review fee of [Redacted] was not disclosed on the initial LE dated [Redacted]   Reviewer Comment (2019-03-01): Seller provided the PCCD, LOX, refund xxx.xx and shipping label(delivered x/x/xxxx)
   9/XX/2018  9:37:29 AM   2 B 7/XX/2018 WV 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
206257261           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Due to x% and [Redacted] tolerance violations of [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     8/XX/2018  9:55:35 AM 2 B 7/XX/2018 WV Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257261           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $x,xxx.xx plus 10% or $x,xxx.xx.  Insufficient or no cure was provided to the borrower. (0) ([Redacted]violation due to increase in (CPL, settlement and Binder fee(s)).  No evidence of cure.   Reviewer Comment (2019-03-01): Seller provided the SSPL dated (Redacted)


Reviewer Comment (2019-03-01): No documents were uploaded on (Redacted) please provided the SSPL as this document has not been provided to review. Exception remains.


Buyer Comment (2019-03-01): The condition implies that we did not provide the SSPL to the consumer which is not accurate.  I provided this document previously on x/xx. Therefore, we are not subject to xx% tolerance.


Reviewer Comment (2019-03-01): Under xxxx.xx(e)(x)(iii)-x, if the borrower is permitted to shop but the lender fails to provide a SSPL, the fees are subject to xx% tolerance:
x. Good faith requirement for required services chosen by the consumer. If a service is required by the creditor, the creditor permits the consumer to shop for that service consistent with § xxxx.xx(e)(x)(vi)(A), the creditor provides the list required by § xxxx.xx(e)(x)(vi)(C), and the consumer chooses a service provider that is not on that list to perform that service, then the actual amounts of such fees need not be compared to the original estimates for such fees to perform the good faith analysis required by § xxxx.xx(e)(x)  or (ii). Differences between the amounts of such charges disclosed pursuant to § xxxx.xx(e)(x)  and the amounts of such charges paid by or imposed on the consumer do not constitute a lack of good faith, so long as the original estimated charge, or lack of an estimated charge for a particular service, was based on the best information reasonably available to the creditor at the time the disclosure was provided. For example, if the consumer informs the creditor that the consumer will choose a settlement agent not identified by the creditor on the written list provided pursuant to § xxxx.xx(e)(x)(vi)(C), and the creditor subsequently discloses an unreasonably low estimated settlement agent fee, then the under-disclosure does not comply with § xxxx.xx(e)(x)(iii). If the creditor permits the consumer to shop consistent with § xxxx.xx(e)(x)(vi)(A) but fails to provide the list required by § xxxx.xx(e)(x)(vi)(C), good faith is determined pursuant to § xxxx.xx(e)(x)(ii) [i.e., xx%] instead of § xxxx.xx(e)(x)(iii) [i.e., no tolerance] regardless of the provider selected by the consumer, unless the provider is an affiliate of the creditor in which case good faith is determined pursuant to § xxxx.xx(e)(x) . Exception remains open


Buyer Comment (2019-03-01): Please see previous comment


Reviewer Comment (2019-03-01): Escalated


Buyer Comment (2019-03-01): After further review I do not believe a refund is due for the title fees.  Borrower did not choose from our list of providers.  We are not subject to Zero tolerance for these fees.

Please review and advise.  I am showing the only refund due is for the Desk Review Fee.
 8/XX/2018  1:09:27 PM     1 A 7/XX/2018 WV 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
206257262           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.84920% or Final Disclosure APR of 6.92600% is in excess of allowable threshold of APOR 4.56% + 1.5%, or 6.06000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): Seller provided the initial LE dated x/x/xxxx.
 09/04/2018     1 A 8/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257262           Compliance Compliance Federal Compliance 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 (2019-03-01): Seller provided the homeownership counseling list dated x/x/xxxx
 09/04/2018     1 A 8/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257262           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Non-escrowed HOA dues ([Redacted]/mo.) should be [Redacted] for the year, CD shows [Redacted] months [Redacted].   Reviewer Comment (2019-03-01): Seller provided the PCCD and LOX


Reviewer Comment (2019-03-01): Appraisal reflects hoa as x please provide evidence of monthly amount of fees. Exception remains
   9/XX/2018  1:34:35 PM   2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257262           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. File does not evidence the consumer was provided with the Servicing Disclosure   Reviewer Comment (2019-03-01): Seller provided the initial LE dated x/x/xxxx.
 09/04/2018     1 A 8/XX/2018 FL Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM Yes
206257262           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing from file.   Reviewer Comment (2019-03-01): Seller provided the Homeloan toolkit dated x/x/xxxx.
 09/04/2018     1 A 8/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257262           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Evidence of earlier receipt missing from file (only CD received was signed by borrower [Redacted]).   Reviewer Comment (2019-03-01): Seller provided the initial CD dated (Redacted)
 09/04/2018     1 A 8/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257262           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. File missing any and all LEs.   Reviewer Comment (2019-03-01): Seller provided the initial LE dated x/x/xxxx.
 09/04/2018     1 A 8/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257262           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total [Redacted], while closing CD seller's fees total [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  3:48:49 PM 1 A 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257262           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Missing from file.   Reviewer Comment (2019-03-01): Seller provided the initial LE dated x/x/xxxx.
 09/04/2018     1 A 8/XX/2018 FL Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM Yes
206257262           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - HPML Status HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure.   Reviewer Comment (2019-03-01): Seller provided the initial LE dated x/x/xxxx.
 09/04/2018     1 A 8/XX/2018 FL Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM No
206257262           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Reviewer Comment (2019-03-01): Seller provided the initial xxxx signed and dated (Redacted)
 9/XX/2018  1:29:28 PM     1 A 8/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257262           Compliance Compliance Federal Compliance 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 three (3) business days of application. Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within three (3) business days of application   Reviewer Comment (2019-03-01): Seller provided the affiliated disclosure dated x/x/xxxx
 09/04/2018     1 A 8/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257262           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. ARM loan program disclosure not provided to the borrower within three (3) days of application.   Reviewer Comment (2019-03-01): Seller provided the ARM disclosure dated x/x/xxxx
 09/04/2018     1 A 8/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257262           Compliance Compliance Federal Compliance 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 (2019-03-01): Seller provided the CHARM dated x/x/xxxx
 09/04/2018     1 A 8/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257262           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.84920% or Final Disclosure APR of 6.92600% is in excess of allowable threshold of APOR 4.56% + 1.5%, or 6.06000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans
     09/04/2018 1 A 8/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257263           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Appraisal report dated 6/XX/2018 with no damage dated after the declared disaster date 1/XX/2018. Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception with compensating factor.
     8/XX/2018  2:31:52 PM 2 B 7/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257263           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Lender approved exception for x months reserves provided in file; the actual is lower than approved at [Redacted] months. Please provided a revised exception for [Redacted] months. LTV is 62.438%, 12.562% < program maximum of 75%

Guideline variance approved by lender at time of origination.
Borrower has been self-employed  and i the same line of work for the past 21 years.

Credit score is 682, 2 points > program requirement of 680

34.56% DTI on this Bank Statement documentation loan < 50.00% guideline max - 15.44% below program guideline maximum		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     8/XX/2018  2:32:55 PM 2 B 7/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257263           Compliance Compliance Federal Compliance TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [Redacted, prior to three (3) business days from transaction date of [Redacted. The final CD disclosed a closing date of [Redacted]; documents were signed on [Redacted].  Please provide a Post Consummation CD correcting the closing and disbursement dates.   Reviewer Comment (2019-03-01): Seller provided the Corrected PCCD x/xx/xxxx with disbursement date x/x/xxxx
 8/XX/2018  2:45:49 PM     1 A 7/XX/2018 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
206257263           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) The final CD disclosed a closing date of [Redacted]; documents were signed on [Redacted].  Please provide a Post Consummation CD correcting the closing and disbursement dates.   Reviewer Comment (2019-03-01): Seller provided the LOX and PCCD
   8/XX/2018  2:47:48 PM   1 A 7/XX/2018 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
206257263           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Reviewer Comment (2019-03-01): Seller provided the lenders initial xxxx dated x/x/xxxx.
 8/XX/2018  2:36:25 PM     1 A 7/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257263           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Liability After Foreclosure Missing TILA-RESPA Integrated Disclosure - Other Disclosures: Final Closing Disclosure provided on [Redacted] did not disclose the Liability After Foreclosure statement. (Final/[Redacted]) The final CD did not have a box checked in the Liability after Foreclosure section on page x.   Reviewer Comment (2019-03-01): Seller provided the PCCD and corrected LOX


Reviewer Comment (2019-03-01): Seller provided the Corrected PCCD however the LOX does not address the Liability after foreclosure statement change. Exception remains.
   9/XX/2018  9:34:31 AM   2 B 7/XX/2018 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
206257264           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.55140% or Final Disclosure APR of 6.59700% is in excess of allowable threshold of APOR 4.55% + 1.5%, or 6.05000%.  Compliant Higher Priced Mortgage Loan. Disclosure reflects APR as [Redacted]; calculated is [Redacted]%; threshold is [Redacted].   Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     8/XX/2018  10:43:50 AM 1 A 8/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
206257264           Compliance Compliance Federal Compliance 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 missing rental income documentation.   Reviewer Comment (2019-03-01): copy of the co-borrowers xxxx/xxxx tax transcripts in file


Reviewer Comment (2019-03-01): Missing the most recent signed and dated xxxx's and borrowers transcripts. Exception remains


Buyer Comment (2019-03-01): Uploaded Sched E and Lease Agreement
 9/XX/2018  3:46:54 PM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation Lender to provide updated ATR/QM status C B A A C B A A Non QM Non QM Yes
206257264           Compliance Compliance Federal Compliance NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Due to missing rental income documentation.   Reviewer Comment (2019-03-01): copy of the co-borrowers xxxx/xxxx tax transcripts in file
 9/XX/2018  3:46:54 PM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
206257264           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - REO Schedule E Method Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income (Schedule E Method) using reasonably reliable third-party records. (Non-Subject Investment/Schedule E) Only the Schedule E page of tax returns provided; missing signed personal tax returns or copy of current lease.   Reviewer Comment (2019-03-01): copy of the co-borrowers xxxx/xxxx tax transcripts in file


Reviewer Comment (2019-03-01): Missing the most recent signed and dated xxxx's and borrowers transcripts. Exception remains


Buyer Comment (2019-03-01): Uploaded Sched E and Lease Agreement
 9/XX/2018  3:46:54 PM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
206257264           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - REO Schedule E Method Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income (Schedule E Method) using reasonably reliable third-party records. (Non-Subject Investment/Schedule E) Only the Schedule E page of tax returns provided; missing signed personal tax returns or copy of current lease.   Reviewer Comment (2019-03-01): copy of the co-borrowers xxxx/xxxx tax transcripts in file


Reviewer Comment (2019-03-01): Missing the most recent signed and dated xxxx's and borrowers transcripts. Exception remains


Buyer Comment (2019-03-01): Uploaded Sched E and Lease Agreement
 9/XX/2018  3:46:54 PM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
206257264           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Disclosure is dated [Redacted]; application date is [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  10:33:02 AM 2 B 8/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
206257264           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  10:33:10 AM 2 B 8/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
206257265           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.   Missing ISAOA/ATIMA.   Reviewer Comment (2019-03-01): Seller provided the revised HOI with ISAOA dated (Redacted).


Buyer Comment (2019-03-01): Please see revised HOI
 8/XX/2018  12:57:55 PM     1 A 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257265           Credit Assets Asset Documentation Missing Document: Asset Documentation not provided   Missing CPA letter confirming use of funds will not have a negative impact on the borrower's business. No late payment in credit report since inception, no public records

Borrower is self-employed as, XXX, for over XXX years and has been in same line of work for the past 45 years

17.16 months reserves > 3 months guideline minimum

DTI 45.45744%, 4.54256% < program maximum of 50%

Credit score 765, 25 points > program requirement of 740

80% LTV, 5% < maximum program of 85%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.


Buyer Comment (2019-03-01): please see APPROVED EXCEPTION
     8/XX/2018  11:23:46 AM 2 B 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257265           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation disclosure was not provided   Buyer Comment (2019-03-01): please waive
     8/XX/2018  8:55:49 PM 2 B 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257265           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Note allows for assumption, however, CD incorrectly disclosed it does not allow.   Buyer Comment (2019-03-01): please waive
     8/XX/2018  1:53:02 PM 2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257265           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) Final CD incorrectly disclosed closing date of [Redacted]. Actual closing date was [Redacted].  Please provide a Post Consummation CD which corrects the closing date.   Buyer Comment (2019-03-01): please waive
     8/XX/2018  8:56:26 PM 2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257265           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Final/[Redacted]) Homeowner's Insurance annual premium is [Redacted] or [Redacted] per month. Final Closing Disclosure under  Prepaids disclosed monthly escrow of [Redacted] per month or [Redacted] annual.   Reviewer Comment (2019-03-01): Seller provided the LOX and PCCD


Buyer Comment (2019-03-01): Please see PCCD, LOX, UPS LABEL
   8/XX/2018  1:11:42 PM   2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257265           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) No evidence of timely delivery was provided for Initial CD issued [Redacted].   Reviewer Comment (2019-03-01): Seller provided the (Redacted) CD e-signed on (Redacted).


Buyer Comment (2019-03-01): Please see CD 8-2 executed, please see ESIGN
 8/XX/2018  11:34:12 AM     1 A 8/XX/2018 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257265           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) The Final CD reflects monthly escrows totaling [Redacted]/mo, which totals $[Redacted] per year based on the figures used.   Reviewer Comment (2019-03-01): Seller provided the LOX and PCCD.


Buyer Comment (2019-03-01): Please see PCCD, LOX, UPS LABEL
   8/XX/2018  1:08:31 PM   2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257265           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/510503) The Final CD reflects monthly escrows totaling [Redacted]/mo, however, this includes a monthly insurance escrow of $[Redacted]; the Dec Page and invoice in file reflect a total cost of [Redacted]/mo which would result in a monthly escrow total of [Redacted].   Reviewer Comment (2019-03-01): Seller provided the PCCD, LOX and tracking delivered (Redacted)


Buyer Comment (2019-03-01): Please see UPS TRACKING reflecting in transit


Reviewer Comment (2019-03-01): Seller provided the LOX and PCCD - shipping label dated (Redacted) has not been shipped as of (Redacted). Exception remains.


Buyer Comment (2019-03-01): Please see PCCD, LOX, UPS LABEL
   8/XX/2018  3:20:52 PM   2 B 8/XX/2018 FL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
206257265           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/510504) The Final CD reflects monthly escrows totaling [Redacted]/mo, however, this includes a monthly insurance escrow of $[Redacted]; the Dec Page and invoice in file reflect a total cost of [Redacted]/mo which would result in a monthly escrow total of [Redacted].   Reviewer Comment (2019-03-01): Seller provided the PCCD, LOX and tracking delivered (Redacted)


Buyer Comment (2019-03-01): Please see UPS TRACKING reflecting in transit


Reviewer Comment (2019-03-01): Seller provided the LOX and PCCD - shipping label dated (Redacted) has not been shipped as of (Redacted). Exception remains.


Buyer Comment (2019-03-01): Please see PCCD, LOX, UPS LABEL
   8/XX/2018  3:21:04 PM   2 B 8/XX/2018 FL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
206257265           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/510505) The Final CD reflects monthly escrows totaling [Redacted]/mo, however, this includes a monthly insurance escrow of $[Redacted]; the Dec Page and invoice in file reflect a total cost of [Redacted]/mo which would result in a monthly escrow total of [Redacted].   Reviewer Comment (2019-03-01): Seller provided the PCCD, LOX and tracking delivered (Redacted)


Buyer Comment (2019-03-01): Please see UPS TRACKING reflecting in transit


Reviewer Comment (2019-03-01): Seller provided the LOX and PCCD - shipping label dated (Redacted) has not been shipped as of (Redacted). Exception remains.


Buyer Comment (2019-03-01): Please see PCCD, LOX, UPS LABEL
   8/XX/2018  3:21:20 PM   2 B 8/XX/2018 FL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
206257265           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/510506) The Final CD reflects monthly escrows totaling [Redacted]/mo, however, this includes a monthly insurance escrow of $[Redacted]; the Dec Page and invoice in file reflect a total cost of [Redacted]/mo which would result in a monthly escrow total of [Redacted].   Reviewer Comment (2019-03-01): Seller provided the PCCD, LOX and tracking delivered (Redacted)


Buyer Comment (2019-03-01): Please see UPS TRACKING reflecting in transit


Reviewer Comment (2019-03-01): Seller provided the LOX and PCCD - shipping label dated (Redacted) has not been shipped as of (Redacted). Exception remains.


Buyer Comment (2019-03-01): Please see PCCD, LOX, UPS LABEL
   8/XX/2018  3:21:29 PM   2 B 8/XX/2018 FL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
206257265           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/510503) The Final CD reflects a total payment of [Redacted] which includes an inaccurate escrow for Hazard Insurance; the correct payment is [Redacted].   Reviewer Comment (2019-03-01): Seller provided the PCCD, LOX and tracking delivered (Redacted)


Buyer Comment (2019-03-01): Please see UPS TRACKING reflecting in transit


Reviewer Comment (2019-03-01): Seller provided the LOX and PCCD - shipping label dated (Redacted) has not been shipped as of (Redacted). Exception remains.


Buyer Comment (2019-03-01): Please see PCCD, LOX, UPS LABEL
   8/XX/2018  3:21:39 PM   2 B 8/XX/2018 FL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
206257265           Compliance Compliance Federal Compliance TRID Loan Estimate Esign Consent Agreement Timing ESIGN Act - Loan Estimate provided on [Redacted] was electronically provided prior to borrower's consent to receive electronic disclosures. (Initial/[Redacted]) The E-Consent document in the file was signed after the initial LE was provided electronically.   Buyer Comment (2019-03-01): Please waive
     8/XX/2018  9:00:41 PM 2 B 8/XX/2018 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257266           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-03-01): Seller provided the loan approval dated (Redacted) with a DTI of xx.xxx.
 8/XX/2018  4:45:20 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
206257266           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Lender exception in file for reserve requirements. The borrower is paying past due taxes improving overall credit and financial position.

Borrower is paying off higher balance debts resulting in a monthly savings of $635.

Borrower has job stability for greater than 4years as an XXX.

Credit Score 635, 15 points > program requirement of 620.

39% LTV < 26% from guideline max of 65.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this requirement based on compensating factors.
     8/XX/2018  2:42:10 PM 2 B 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
206257266           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Primary/[Redacted]) Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.   Reviewer Comment (2019-03-01): Seller provided the appraisal receipt dated (Redacted).
 8/XX/2018  12:07:07 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
206257266           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted],  Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. ([Redacted]) Loan closed [Redacted] -  Missing [Redacted] Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     8/XX/2018  9:25:50 AM 2 B 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
206257266           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Valid CoC not provided for increase in discount points.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     8/XX/2018  9:26:05 AM 2 B 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257266           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Closing Disclosure [Redacted] not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted])   Reviewer Comment (2019-03-01): Seller provided the initial CD dated x/xx/xxxx
 8/XX/2018  11:59:54 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C B C B A A Non QM Non QM No
206257266           Compliance Compliance Federal Compliance TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (Initial/[Redacted]) Loan Estimate dated [Redacted] not delivered or placed in the mail to Borrower(s) within three (3) business days of application.   Reviewer Comment (2019-03-01): Seller provided the initial LE dated (Redacted)
 8/XX/2018  11:59:54 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C B C B A A Non QM Non QM No
206257266           Compliance Compliance Federal Compliance TRID Service Provider - Compliant TILA-RESPA Integrated Disclosure: Settlement Service Provider List did not provide at least one available provider for each settlement service borrower is entitled to shop for or inform borrower they may choose different provider from list. Settlement Service Provider List did not provide at least one available provider for each settlement service borrower is entitled to shop for or inform borrower they may choose different provider from list. Note: List provided did not include the providers contact information and address.   Reviewer Comment (2019-03-01): Seller provided the ARM disclosure dated (Redacted) with at least one provider listed
 8/XX/2018  12:04:51 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C B C B A A Non QM Non QM No
206257266           Compliance Compliance Federal Compliance TRID Service Provider Timing TILA-RESPA Integrated Disclosure: Borrower did not receive a list of service providers within 3 business days of application. Borrower did not receive a list of service providers within 3 business days of application.   Reviewer Comment (2019-03-01): Seller provided the SSPL disclosure dated (Redacted)
 8/XX/2018  12:04:51 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C B C B A A Non QM Non QM No
206257266           Compliance Compliance Federal Compliance 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. Valid CoC not provided for increase in discount points.   Reviewer Comment (2019-03-01): Seller provided the x/xx/xxxx COC for the increase in loan amount
 8/XX/2018  12:10:05 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation 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
206257266           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. ARM loan program disclosure not provided ([Redacted]) to the borrower within three (3) days of application.   Reviewer Comment (2019-03-01): Seller provided the ARM disclosure dated (Redacted)
 8/XX/2018  12:04:51 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C B C B A A Non QM Non QM No
206257266           Compliance Compliance Federal Compliance TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date.   Reviewer Comment (2019-03-01): Seller provided the initial LE dated (Redacted)
 8/XX/2018  11:59:54 AM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM Yes
206257266           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. The DTI indicated by the [Redacted] in the file is [Redacted] (approval missing); the calculated DTI is [Redacted], which remains within the maximum of [Redacted] but exceeds the x% variance tolerance. The variance is due to the lender including only [Redacted] in liabilities (per the [Redacted]) - the [Redacted] and credit report indicate that [Redacted] will remain open.   Reviewer Comment (2019-03-01): DTI of xx.xxx is < xx% DTI maximum
 8/XX/2018  1:32:38 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
206257266           Compliance Compliance Federal Compliance 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 Risk. The DTI indicated by the [Redacted] in the file is[Redacted]% (approval missing); the calculated DTI is [Redacted]%, which remains within the maximum of [Redacted] but exceeds the x% variance tolerance. The variance is due to the lender including only $[Redacted] in liabilities (per the [Redacted]) - the [Redacted] and credit report indicate that $[Redacted] will remain open.   Reviewer Comment (2019-03-01): DTI of xx.xxx meets maximum of xx%
 8/XX/2018  1:34:04 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
206257266           Compliance Compliance Federal Compliance 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. The DTI indicated by the [Redacted] in the file is [Redacted]% (approval missing); the calculated DTI is [Redacted]%, which remains within the maximum of [Redacted] but exceeds the x% variance tolerance. The variance is due to the lender including only [Redacted]in liabilities (per the [Redacted]) - the [Redacted] and credit report indicate that [Redacted]will remain open.   Reviewer Comment (2019-03-01): DTI of xx.xxx meets maximum of xx%
 8/XX/2018  1:34:04 PM     1 A 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
206257266           Compliance Compliance Federal Compliance 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 $0.00.  Insufficient or no cure was provided to the borrower. (7505) Desk review fee of [Redacted] not disclosed on the LE dated [Redacted] as a required fee per loan program.   Reviewer Comment (2019-03-01): Seller provided the PCCD, refund xxx.xx, LOX and shipping label with delivery on x/x/xxxx


Reviewer Comment (2019-03-01): Seller provided the PCCD, refund of xxx.xx, LOX and shipping label dated (Redacted) however package has not been picked up for as of x/xx/xxxx by UPS for delivery. Exception remains.
   9/XX/2018  9:03:57 AM   2 B 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation 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
206257266           Credit Credit Miscellaneous Credit Exception:   [Redacted] The borrower is paying past due taxes improving overall credit and financial position.

Borrower has job stability for greater than 4years as an CPA.

Credit Score 635, 15 points > program requirement of 620.

39% LTV < 26% from guideline max of 65.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  12:14:15 PM 2 B 8/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
206257267           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) New York Subprime Loan: Counseling Disclosure not provided to borrower.     Reviewer Comment (2019-03-01): Seller provided the NY subprime counseling disclosure dated (Redacted)
 8/XX/2018  10:54:39 AM     1 A 08/04/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
206257267           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) New York Subprime Loan:  Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law.     Reviewer Comment (2019-03-01): Seller provided the NY Subprime mortgage containing the Legend.


Reviewer Comment (2019-03-01): Seller provided a copy of the consolidated mortgage with legend. Missing the LOX and proof of delivery. Exception remains


Reviewer Comment (2019-03-01): It is required on the mortgage but not the note. Exception remains


Reviewer Comment (2019-03-01): Escalated


Buyer Comment (2019-03-01): This is a CEMA do they want the verbiage on the CEMA too or just the Consolidated Mortgage or both the Consolidated Mortgage and New Money Mortgage?  Ditto on the Notes?
 9/XX/2018  11:44:02 AM     1 A 08/04/2018 NY Primary Refinance - Cash-out - Debt Consolidation 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. C B A A C B A A Non QM Non QM Yes
206257267           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): Disclosure was provided with in x days from the time loan becoming a subprime loan.


Reviewer Comment (2019-03-01): Loan remains non-compliant due to NY Subprime counseling disclosure exception.


Buyer Comment (2019-03-01): Please clear
 9/XX/2018  7:20:44 AM     1 A 08/04/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
206257267           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the increases to the Appraisal Fee and the Title - Courier/Overnight Fees.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     8/XX/2018  4:02:24 PM 2 B 08/04/2018 NY Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257267           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Evidence borrower was provided with list of service providers is not in loan file.   Reviewer Comment (2019-03-01): Seller provided the SSPL dated x/xx/xxxx.
 8/XX/2018  10:47:21 AM     1 A 08/04/2018 NY Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B A A C B A A Non QM Non QM No
206257267           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.41230% or Final Disclosure APR of 6.45500% is in excess of allowable threshold of APOR 4.56% + 1.5%, or 6.06000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     8/XX/2018  11:03:59 AM 1 A 08/04/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
206257267           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Courier / Express Mail / Messenger Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. The CD issued on [Redacted] increased the Title - Courier/Overnight Fee without a valid change of circumstance.   Reviewer Comment (2019-03-01): Borrower did not shop for services.  LE had courier fees in Section B and C had to itemize rather than combining them they needed to be itemized.


Buyer Comment (2019-03-01): The LE on x/xx/xx has a courier fee of $xx and a title-courier delivery fee of $xx.  The LE on x/xx/xx has a courier fee of $xx and a title-courier fee of $xx (reducing the fee by $xx).  The LE on x/xx/xx has the same fees of $xx and $xx as does the CD on x/xx/xx.  Not sure what I could give you as the fees actually decreased from the initial LE?  We should be fine?!


Reviewer Comment (2019-03-01): No Valid COC was provided for increase and no refund provided. Exception remains.
 9/XX/2018  4:13:56 PM     1 A 08/04/2018 NY Primary Refinance - Cash-out - Debt Consolidation 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
206257267           Compliance Compliance Federal Compliance 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 CD issued on [Redacted] increased the Appraisal Fee without a valid change of circumstance.   Reviewer Comment (2019-03-01): Seller provided the PCCD, refund xxx.xx, LOX and shipping information FEDEX
   8/XX/2018  11:00:20 AM   2 B 08/04/2018 NY Primary Refinance - Cash-out - Debt Consolidation 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
206257267           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) New York Subprime Loan: Counseling Disclosure not provided to borrower within three days of application. Disclosure dated [Redacted] > application plus x days [Redacted]   Reviewer Comment (2019-03-01): Disclosure was provided with in x days from the time loan becoming a subprime loan.


Buyer Comment (2019-03-01): This document is only required when the loan is a subprime loan correct? If that is the case, if the loan did not start off as a Subprime, then they would not send this out.


Reviewer Comment (2019-03-01): NY regulations do not provide carve out to the timing requirement based on when loan exceeded subprime thresholds.  NY Code - Section x-M: (x)(j) expressly provides counseling disclosure must be provided at the time of application, not when loan became a subprime loan.
 
(j) No lending without providing information on the availability of counseling. A lender or mortgage broker must deliver, place in the mail, fax or electronically transmit the following notice in at least twelve point type to the borrower of a subprime home loan at the time of application: "You should consider financial counseling prior to executing loan documents. The enclosed list of counselors is provided by the New York State Department of Financial Services." In the event of a telephone application, the disclosures must be made immediately after receipt of the application by telephone. Such disclosure shall be on a separate form. In order to utilize an electronic transmission, the lender or broker must first obtain either written or electronically transmitted permission from the borrower. A list of approved counselors, available from the New York state department of financial services, shall be provided to the borrower by the lender or the mortgage broker at the time that this disclosure is given.


Reviewer Comment (2019-03-01): Escalated


Buyer Comment (2019-03-01): please see (Redacted), this is when it changed to subprime.
 9/XX/2018  7:20:44 AM     1 A 08/04/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
206257267           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Other CEMA Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. fee was paid to the same service provider.  exception is not valid.  unable to add an additional "title - other fee" as there are already x of those fees being used which is the most the system will allow for.  Exception cleared   Reviewer Comment (2019-03-01): fee was paid to the same service provider.  exception is not valid.  unable to add an additional "title - other fee" as there are already x of those fees being used which is the most the system will allow for.  Exception cleared
 9/XX/2018  4:14:06 PM     1 A 08/04/2018 NY Primary Refinance - Cash-out - Debt Consolidation 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
206257267           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Disclosure was provided with in x days from the time loan becoming a subprime loan.   Reviewer Comment (2019-03-01): (Redacted) elected to waive the exception.
     9/XX/2018  7:21:27 AM 2 B 08/04/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
206257267           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): (Redacted) elected to waive the exception.
     9/XX/2018  7:21:35 AM 2 B 08/04/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
206257270           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Reviewer Comment (2019-03-01): Seller provided the lenders initial xxxx dated x/xx/xxxx.
 8/XX/2018  6:20:17 PM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257270           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing February [Redacted] statement for [Redacted] month bank statement review per analysis.   Reviewer Comment (2019-03-01): Seller provided the revised bank statement analysis for x/xxxx-x/xxxx utilizing income of xx.xxx.xx per month


Buyer Comment (2019-03-01): This was previously provided as a trailing document.  Re-uploaded for review.  (xx/xxxx reflects x used in overall avg)


Reviewer Comment (2019-03-01): Seller provided the x/xxxx,x/xxxx and x/xxxx statements please provide the updated income analysis worksheet including these months for the SPAx loan program.


Buyer Comment (2019-03-01): (REDACTED)-(REDACTED) xxxx bank statements provided along with new Income Calc Worksheet


Reviewer Comment (2019-03-01): Please provide the x/xxxx-x/xxxx statements to be within xxdays of consummation. Please also provide updated income calculator with amounts used in income.


Buyer Comment (2019-03-01): Please confirm only bank statement missing is Feb xxxx. Do we need Mar-(REDACTED) xxxx (within xx days of note date)?
 9/XX/2018  1:39:28 PM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257270           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ The file did not include a verification of the borrower's business status within [Redacted] days prior to closing and Missing CPA letter   Reviewer Comment (2019-03-01): Lenders guidelines allow bank statement within xx days to meet income verification statement x/xx/xxxx account xxxx.


Buyer Comment (2019-03-01): Credit exception provided.  Please clear.


Reviewer Comment (2019-03-01): This document is dated x/x/xxxx after the date of the loan x/x/xxxx per FNMA this must be within xxx days of closing. Exception remains


Buyer Comment (2019-03-01): Trailing document provided from NY Dept of State showing business in existence since xx/xx/xxxx and current thru xx/xx/xxxx. Please clear.
 9/XX/2018  2:29:14 PM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257270           Credit Guideline Guideline Issue Aged document: Primary Valuation is older than guidelines permit Valuation Type: Appraisal / Valuation Report Date: [Redacted] ___ The file did not include a [Redacted] or appraisal update confirming no change in the value of the property.   Reviewer Comment (2019-03-01): Appraisal is xxx days at consummation guides allow for up to xxx days.


Buyer Comment (2019-03-01): Appraisal dated xxx days from executed Note date. (Appraisal report dated xx/xx/xx - Executed Note Date xx/xx/xxxx).  Kindly remove condition.
 8/XX/2018  6:23:28 PM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257270           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.85400% or Final Disclosure APR of 6.89000% is in excess of allowable threshold of APOR 4.63% + 1.5%, or 6.13000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): Seller provided the initial LE dated x/xx/xxxx
 9/XX/2018  6:09:04 PM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257270           Compliance Compliance Federal Compliance 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 (2019-03-01): Seller provided the list of homeownership counseling dated x/xx/xxxx


Buyer Comment (2019-03-01): Uploaded List
 8/XX/2018  6:09:16 PM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257270           Compliance Compliance State Compliance (State HPML Provision) New York Subprime Loan (Ability to Repay not Verified) New York Subprime Loan:  Borrower's ability to repay not verified with reliable documentation.     Reviewer Comment (2019-03-01): Seller provided the ATR documentation of income verification through VVOE- bank statement within 90 days of consummation
 9/XX/2018  11:11:32 AM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257270           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) New York Subprime Loan: Counseling Disclosure not provided to borrower.     Reviewer Comment (2019-03-01): Seller provided the NY Subprime counseling disclosure dated x/xx/xxxx
 8/XX/2018  6:28:02 PM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257270           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): Seller provided the ATR documentation of income verification through VVOE- bank statement within 90 days of consummation
 9/XX/2018  11:11:32 AM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257270           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) New York Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan.     Reviewer Comment (2019-03-01): Seller provided the initial LE dated x/xx/xxxx disclosing the taxes and insurance.


Buyer Comment (2019-03-01): Previously submitted the LE which also reflects the taxes and insurance amounts.


Reviewer Comment (2019-03-01): No disclosure provided - exception remains
 9/XX/2018  5:51:33 PM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257270           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - Bank Statements Ability to Repay (Dodd-Frank 2014): Unable to verify Bank Statement income using reasonably reliable third-party records. ([Redacted]) Missing x bank statements and a third party verification   Reviewer Comment (2019-03-01): Lenders guidelines allow bank statements within 90 days to meet income verification
 9/XX/2018  3:35:38 PM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257270           Compliance Compliance Federal Compliance NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Missing x bank statements and a third party verification   Reviewer Comment (2019-03-01): Seller provided the revised bank statement analysis for x/xxxx-x/xxxx utilizing income of xx.xxx.xx per month
 9/XX/2018  10:38:04 AM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257270           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. File missing SSPL   Reviewer Comment (2019-03-01): Seller provided the LE dated (Redacted)
 8/XX/2018  6:09:16 PM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other Good faith redisclosure C B C A C B A A Non QM Non QM Yes
206257270           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Issued [Redacted] closing date [Redacted]   Reviewer Comment (2019-03-01): Seller provided the initial CD dated (Redacted).
 8/XX/2018  6:09:16 PM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206257270           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. Missing LE from file   Reviewer Comment (2019-03-01): Seller provided the LE dated (Redacted)


Buyer Comment (2019-03-01): LE Uploaded
 8/XX/2018  6:09:16 PM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206257270           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Missing loan estimate   Reviewer Comment (2019-03-01): Seller provided the LE dated (Redacted)


Buyer Comment (2019-03-01): LE Uploaded
 8/XX/2018  6:09:16 PM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other Good faith redisclosure C B C A C B A A Non QM Non QM Yes
206257270           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - HPML Status HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Missing loan estimate   Reviewer Comment (2019-03-01): Seller provided the LE dated (Redacted)


Buyer Comment (2019-03-01): LE Uploaded
 8/XX/2018  6:09:16 PM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other Good faith redisclosure C B C A C B A A Non QM Non QM No
206257270           Compliance Compliance Federal Compliance 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 x bank statements and a third party verification   Reviewer Comment (2019-03-01): Lenders guidelines allow bank statements within 90 days to meet income verification
 9/XX/2018  3:35:44 PM     1 A 8/XX/2018 NY 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
206257270           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. Missing the e-consent   Buyer Comment (2019-03-01): EV2 Compl
     9/XX/2018  5:26:41 PM 2 B 8/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206257270           Compliance Compliance Federal Compliance TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. Servicing disclosure provided [Redacted] > weekday application date plus x days [Redacted]   Buyer Comment (2019-03-01): EV2 Compl
     9/XX/2018  5:27:07 PM 2 B 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM Yes
206257270           Compliance Compliance Federal Compliance 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. Appraisal disclosure provided [Redacted] > application date plus 3 days [Redacted].   Buyer Comment (2019-03-01): EV2 Compl
     9/XX/2018  5:27:22 PM 2 B 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM Yes
206257270           Compliance Compliance Federal Compliance 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 3 days of the loan application date. Appraisal disclosure provided [Redacted] > application date plus 3 days [Redacted].   Buyer Comment (2019-03-01): EV2 Compl
     9/XX/2018  5:27:37 PM 2 B 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257270           Compliance Compliance Federal Compliance TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (Initial/[Redacted]) LE issue date [Redacted] > application date plus x days [Redacted].   Reviewer Comment (2019-03-01): Seller provided the initial LE dated x/xx/xxxx


Buyer Comment (2019-03-01): Initial LE uploaded.
 9/XX/2018  6:09:04 PM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206257270           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Disclosure dated [Redacted] > origination date [Redacted]   Buyer Comment (2019-03-01): EVx Compl
     9/XX/2018  5:28:00 PM 2 B 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257270           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.85400% or Final Disclosure APR of 6.89000% is in excess of allowable threshold of APOR 4.63% + 1.5%, or 6.13000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans
     9/XX/2018  6:09:27 PM 1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257270           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has decided to waive.
     9/XX/2018  11:29:35 AM 2 B 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257271           Compliance Compliance State Compliance (State HPML Provision) New York Subprime Loan (Ability to Repay not Verified) New York Subprime Loan: 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 with fully-amortizing payment and taking into account  payments on any simultaneously-closed loans. The borrower was not qualified at the fully indexed rate of [Redacted]%; per Guidelines, the borrower is to be qualified at the higher of the Note Rate ([Redacted]) or the Margin + Index ([Redacted] + [Redacted]% = [Redacted]%) and a qualifying PITI payment of [Redacted].   Reviewer Comment (2019-03-01): Seller provided the loan approval at qualifying rate x.xxx and calculation sheet for qual rate with DTI of xx.xxx% within ratios maximum of xx%.


Buyer Comment (2019-03-01): Here is the print screen showing qualified at the fully indexed rate and an updated clear to close approval


Reviewer Comment (2019-03-01): The borrower was not qualified at the fully indexed rate of x.xxxxx%; per Guidelines, the borrower is to be qualified at the higher of the Note Rate (x.xxx%) or the Margin + Index (x.xx% + x.xxxxx% = x.xxxxx%) and a qualifying PITI payment of $xxxx.xx. Per approval lender used x.xxx note rate plus .xxx


Reviewer Comment (2019-03-01): Using OT over YTD ratio is (Redacted) > xx% maximum. Exception remains.
 9/XX/2018  9:08:25 AM     1 A 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257271           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): Seller provided the loan approval at qualifying rate x.xxx and calculation sheet for qual rate with DTI of xx.xxx% within ratios maximum of xx%.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): The borrower was not qualified at the fully indexed rate of x.xxxxx%; per Guidelines, the borrower is to be qualified at the higher of the Note Rate (x.xxx%) or the Margin + Index (x.xx% + x.xxxxx% = x.xxxxx%) and a qualifying PITI payment of $xxxx.xx. Per approval lender used x.xxx note rate plus .xxx


Reviewer Comment (2019-03-01): Loan remains non-compliant for ATR.
 9/XX/2018  9:08:25 AM     1 A 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257271           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) New York Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan. Missing from file.   Reviewer Comment (2019-03-01): Originator application date per xxxx (Redacted)


Buyer Comment (2019-03-01): Escrows was disclosed on LE
 09/04/2018     1 A 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257271           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.54330% or Final Disclosure APR of 6.58700% is in excess of allowable threshold of APOR 4.73% + 1.5%, or 6.23000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     09/04/2018 1 A 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257271           Compliance Compliance Federal Compliance Missing Initial Loan Application Test No evidence of application date located in file.  Compliance tests were run using an application date of  [Redacted] which is 1 months prior to consummation. A lookback was performed to determine this application date.  The final date used for testing was  [Redacted]. Missing evidence of creditor application date.   Reviewer Comment (2019-03-01): Originator application date per 1003 (Redacted)


Reviewer Comment (2019-03-01): Missing the creditors initial application and/or application date source
 09/04/2018     1 A 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257271           Compliance Compliance Federal Compliance TILA NMLSR - Originator Company Not Licensed at time of Application Unable to test LO company NMLS license due to missing information. Missing evidence of creditor application date.   Reviewer Comment (2019-03-01): Originator application date per 1003 (Redacted)


Reviewer Comment (2019-03-01): Missing evidence of creditor application date.
 09/04/2018     1 A 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257271           Compliance Compliance Federal Compliance Federal Loan Originator Compensation - Individual LO Not NMLS Licensed at Time of Application Unable to test Loan Originator license due to missing information. Missing evidence of creditor application date.   Reviewer Comment (2019-03-01): Originator application date per 1003 (Redacted)


Reviewer Comment (2019-03-01): Missing evidence of creditor application date.
 09/04/2018     1 A 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257271           Compliance Compliance Federal Compliance TILA NMLSR - Individual Originator License Status Not Approved Unable to test Individual Loan Originator license status due to missing information. Missing evidence of creditor application date.   Reviewer Comment (2019-03-01): Originator application date per 1003 (Redacted)


Reviewer Comment (2019-03-01): Missing evidence of creditor application date.
 09/04/2018     1 A 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257271           Compliance Compliance Federal Compliance TILA NMLSR - Originator Company License Status Not Approved Unable to test LO company status due to missing information. Missing evidence of creditor application date.   Reviewer Comment (2019-03-01): Originator application date per 1003 (Redacted)


Reviewer Comment (2019-03-01): Missing evidence of creditor application date.
 09/04/2018     1 A 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257271           Compliance Compliance Federal Compliance RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. Missing evidence of creditor application date.   Reviewer Comment (2019-03-01): Originator application date per 1003 (Redacted)


Reviewer Comment (2019-03-01): Missing evidence of creditor application date.
 09/04/2018     1 A 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257271           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. Missing evidence of creditor application date.   Reviewer Comment (2019-03-01): Originator application date per 1003 (Redacted)


Reviewer Comment (2019-03-01): Missing evidence of creditor application date.
 09/04/2018     1 A 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257271           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. Missing evidence of creditor application date.   Reviewer Comment (2019-03-01): Originator application date per 1003 (Redacted)


Reviewer Comment (2019-03-01): Missing evidence of creditor application date.
 09/04/2018     1 A 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257271           Compliance Compliance Federal Compliance ARM Disclosure Timing Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. Missing evidence of creditor application date.   Reviewer Comment (2019-03-01): Originator application date per 1003 (Redacted)


Reviewer Comment (2019-03-01): Missing evidence of creditor application date.
 09/04/2018     1 A 8/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257271           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Timing Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. Missing evidence of creditor application date.   Reviewer Comment (2019-03-01): Originator application date per 1003 (Redacted)


Reviewer Comment (2019-03-01): Missing evidence of creditor application date.
 09/04/2018     1 A 8/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257271           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. There is an approved Lender Exception in the file for DTI of [Redacted], however, income was based in part on overtime income that was not adequately supported in the file. 20.16 months reserves > 3 months guideline minimum

The borrowers have no public records. All accounts on credit reporting paid as agreed including one closed mortgage

756 representative FICO score > 660 guideline minimum - 96 points above guideline minimum

LTV is 80%, 5% < the program maximum of 85%.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.


Reviewer Comment (2019-03-01): Using OT over YTD ratio is (Redacted) > 50% maximum. Exception remains.
     9/XX/2018  11:22:32 AM 2 B 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257271           Compliance Compliance Federal Compliance 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 Risk. Confirmed, DTI is not within guidelines.  Calculation of DTI included unverified overtime income without supporting documentation.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.


Reviewer Comment (2019-03-01): Using OT over YTD ratio is (Redacted) > 50% maximum. Exception remains.
 9/XX/2018  11:23:40 AM     1 A 8/XX/2018 NY Primary Purchase Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
206257271           Compliance Compliance Federal Compliance 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. Confirmed, DTI is not within guidelines.  Calculation of DTI included unverified overtime income without supporting documentation.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.


Reviewer Comment (2019-03-01): Using OT over YTD ratio is (Redacted) > 50% maximum. Exception remains.
 9/XX/2018  11:23:40 AM     1 A 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257271           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Reviewer Comment (2019-03-01): File contains evidence of originator application date (Redacted)..
 9/XX/2018  11:07:01 AM     1 A 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257271           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Disclosure provided [Redacted] > origination [Redacted] and disclosure provided date [Redacted] <=originator date plus x days [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): Disclosure provided (Redacted) > originator date (Redacted) and disclosure provided date (Redacted) <=originator plus 3 days (Redacted) exception is EV2. Remains open
     9/XX/2018  4:49:06 PM 2 B 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257271           Credit Loan Package Documentation Application / Processing Missing Document: Other not provided   Missing the compliance report as required per guidelines   Reviewer Comment (2019-03-01): Seller provided the compliance report dated (Redacted).
 9/XX/2018  3:12:17 PM     1 A 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257271           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  9:22:16 AM 2 B 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257272           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   The Lender Approval was not provided; used Approval data obtained from [Redacted].   Reviewer Comment (2019-03-01): Seller provided the loan approval dated (Redacted) with a DTI of (Redacted).
 8/XX/2018  11:38:00 AM     1 A 8/XX/2018 CT Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206257272           Credit Loan Package Documentation Application / Processing Missing Document: Flood Certificate not provided   A Flood Certificate was not provided in the file; flood zone data was derived from the Appraisal.   Reviewer Comment (2019-03-01): Seller provided the flood cert dated (Redacted).
 8/XX/2018  11:36:48 AM     1 A 8/XX/2018 CT Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206257272           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing the June [Redacted] statement.  Lender analyzed [Redacted] through [Redacted] due to application date of [Redacted].   Reviewer Comment (2019-03-01): (Redacted) statements used for income seller provided a revised calculator for income.


Buyer Comment (2019-03-01): Revised income worksheet reflects analysis of (Redacted)
 8/XX/2018  12:04:01 PM     1 A 8/XX/2018 CT Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206257272           Compliance Compliance Federal Compliance 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 file did not contain the Right to Receive the Appraisal Disclosure.  The LE was not dated within x days of application.   Reviewer Comment (2019-03-01): Seller provided the LE dated (Redacted).


Buyer Comment (2019-03-01): Initial LE uploaded dated (Redacted)
 09/04/2018     1 A 8/XX/2018 CT Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM Yes
206257272           Compliance Compliance Federal Compliance FACTA Disclosure Missing FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. The file did not contain the FACTA disclosure.   Reviewer Comment (2019-03-01): Seller provided the FACTA dated (Redacted)


Buyer Comment (2019-03-01): Revised income worksheet reflects analysis of (Redacted)
 8/XX/2018  11:42:53 AM     1 A 8/XX/2018 CT Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206257272           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.48910% or Final Disclosure APR of 7.54600% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): Seller provided the LE dated (Redacted).
 09/04/2018     1 A 8/XX/2018 CT Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206257272           Compliance Compliance Federal Compliance TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. The file did not contain the Servicing Disclosure.  The LE was not dated within x days of application.   Reviewer Comment (2019-03-01): Seller provided the LE dated (Redacted).


Buyer Comment (2019-03-01): Initial LE uploaded dated (Redacted)
 09/04/2018     1 A 8/XX/2018 CT Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM Yes
206257272           Compliance Compliance Federal Compliance 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. The file did not contain the Homeownership Counseling disclosure.   Reviewer Comment (2019-03-01): Seller provided the homeownership counseling dated (Redacted)
 8/XX/2018  11:53:49 AM     1 A 8/XX/2018 CT Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206257272           Compliance Compliance State Compliance (State HPML) Connecticut Non-Prime Home Loan (APR Exceeds Non-Prime Threshold) Connecticut Non-Prime Home Loan: APR on subject loan of 7.48910% or Final Disclosure APR of 7.54600% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Non-Compliant Loan.     Reviewer Comment (2019-03-01): Seller provided the homeownership counseling dated (Redacted)
 8/XX/2018  11:53:49 AM     1 A 8/XX/2018 CT Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206257272           Compliance Compliance State Compliance (State HPML Disclosure) Connecticut Non-Prime Home Loan (Counseling Notice Not Provided) Connecticut Non-Prime Home Loan (HB5577): Counseling Notice (with toll-free number) not provided to borrower.     Reviewer Comment (2019-03-01): Seller provided the homeownership counseling dated (Redacted)
 8/XX/2018  11:53:49 AM     1 A 8/XX/2018 CT Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206257272           Compliance Compliance Federal Compliance 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 3 days of the loan application date. The file did not contain the right to receive the Appraisal Disclosure.  The LE was not dated within x days of application.   Reviewer Comment (2019-03-01): Seller provided the LE dated (Redacted).


Buyer Comment (2019-03-01): LE (Redacted) initial
 09/04/2018     1 A 8/XX/2018 CT Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206257272           Compliance Compliance Federal Compliance TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (Initial/[Redacted]) The LE was provided on [Redacted]; the application was received on [Redacted].   Reviewer Comment (2019-03-01): Seller provided the LE dated (Redacted).


Buyer Comment (2019-03-01): Initial LE uploaded dated (Redacted)
 09/04/2018     1 A 8/XX/2018 CT Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C A C B A A Non QM Non QM No
206257272           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Documentation in file indicates the borrower was provided with the Settlement Service Provider List;, however, unable to determine compliance due to a missing disclosure.   Reviewer Comment (2019-03-01): Seller provided the SSLP dared (Redacted)
 8/XX/2018  11:53:49 AM     1 A 8/XX/2018 CT Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C A C B A A Non QM Non QM No
206257272           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the increases to the Title Fees, Discount Points and Appraisal Re-inspection Fee.   Reviewer Comment (2019-03-01): Seller provided the PCCD, refund, LOX and shipping label(delivered (Redacted) @x:xxpm)


Buyer Comment (2019-03-01): Tracking reflects received today (x/xx) @ x:xxpm. Please review and clear.


Reviewer Comment (2019-03-01): Seller provided the PCCD, LOX, refund xxx.xx and FEDEX label - package was not picked up as of xx:xxpm EST - exception remains


Reviewer Comment (2019-03-01): Escalated


Buyer Comment (2019-03-01): PCCD, LOE, Label uploaded for required cure. Please clear.


Reviewer Comment (2019-03-01): Loan was disclosed as a x family at time of application x/xx/xxxx - reason for increase on x/x/xxxx is invalid. Please provide PCCD, refund xxx.xx. LOX and proof of receipt. Exception remains


Buyer Comment (2019-03-01): COC provided with trailing documents dated 0(Redacted) (page 5)  Re-uploaded.


Reviewer Comment (2019-03-01): 0% tolerance for appraisal fee without COC for appraisal exception remains


Buyer Comment (2019-03-01): Please clear this condition (LE dated (Redacted) reflects Appraisal Re-inspection Fee of $150) Other fees noted on this exception have been cleared.


Buyer Comment (2019-03-01): Please clear this condition (LE dated 0(Redacted) reflects Appraisal Re-inspection Fee of $150) Other fees noted on citing have been cleared.
   9/XX/2018  4:52:52 PM   2 B 8/XX/2018 CT Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257272           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $x,xxx.xx plus 10% or $x,xxx.xx.  Insufficient or no cure was provided to the borrower. (0) The title fees were increased by more than [Redacted] without a valid change of circumstance.  Unable to determine if title fees were subject to [Redacted] tolerance due to missing Settlement Service Provider List.   Reviewer Comment (2019-03-01): Seller provided the SSLP dared (Redacted)
 8/XX/2018  11:53:49 AM     1 A 8/XX/2018 CT Primary Refinance - Cash-out - Debt Consolidation 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
206257272           Compliance Compliance Federal Compliance 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 CD issued on [Redacted] increased the Discount Points without a valid change of circumstance.   Reviewer Comment (2019-03-01): Seller provided the (Redacted) LE and COC for the rate extension
 8/XX/2018  11:53:49 AM     1 A 8/XX/2018 CT Primary Refinance - Cash-out - Debt Consolidation 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
206257272           Compliance Compliance Federal Compliance 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 CD issued on [Redacted] added the Appraisal Re-inspection Fee of [Redacted] without a valid change of circumstance.   Reviewer Comment (2019-03-01): Seller provided the LE dated (Redacted).


Buyer Comment (2019-03-01): LE dated x(Redacted) reflects the Appraisal Re-inspection Fee of $xxx.xx with a valid COC form. (see LE's trailing Documents)
 09/04/2018     1 A 8/XX/2018 CT Primary Refinance - Cash-out - Debt Consolidation 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
206257272           Compliance Compliance State Compliance (State HPML) Connecticut Non-Prime Home Loan (APR Exceeds Non-Prime Threshold) Connecticut Non-Prime Home Loan: APR on subject loan of 7.48910% or Final Disclosure APR of 7.54600% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     8/XX/2018  11:54:34 AM 1 A 8/XX/2018 CT Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206257272           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.48910% or Final Disclosure APR of 7.54600% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans
     09/04/2018 1 A 8/XX/2018 CT Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206257272           Compliance Compliance Federal Compliance 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. 0% tolerance for appraisal fee without COC for appraisal   Reviewer Comment (2019-03-01): Seller provided the PCCD, refund, LOX and shipping label(delivered (Redacted) @x:xxpm)


Reviewer Comment (2019-03-01): Seller provided the PCCD, LOX, refund xxx.xx and FEDEX label - package was not picked up as of xx:xxpm EST - exception remains


Reviewer Comment (2019-03-01): Escalated


Reviewer Comment (2019-03-01): Loan was disclosed as a x family at time of application x/xx/xxxx - reason for increase on x/x/xxxx is invalid. Please provide PCCD, refund xxx.xx. LOX and proof of receipt. Exception remains
   9/XX/2018  4:54:34 PM   2 B 8/XX/2018 CT Primary Refinance - Cash-out - Debt Consolidation 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
206257273           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.29100% or Final Disclosure APR of 7.31400% is in excess of allowable threshold of APOR 4.73% + 1.5%, or 6.23000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): Seller provided the initial LE dated (Redacted).
 8/XX/2018  10:00:15 AM     1 A 8/XX/2018 HI Primary Purchase   C B A A C B A A Non QM Non QM No
206257273           Compliance Compliance Federal Compliance TIL Higher Priced Mortgage Loan Safe Harbor TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. No evidence in file confirming Borrower received the Right to Receive a Copy of the Appraisal disclosure at time of application.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     8/XX/2018  4:29:07 PM 2 B 8/XX/2018 HI Primary Purchase   C B A A C B A A Non QM Non QM No
206257273           Compliance Compliance Federal Compliance 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. No evidence found in file to confirm Borrower received a copy of the List of Homeownership Counseling Organizations disclosure at time of application.   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): Seller provided the homeownership list of agencies and missing disclosure - no date provided. Exception remains.
     8/XX/2018  3:52:59 PM 2 B 8/XX/2018 HI Primary Purchase   C B A A C B A A Non QM Non QM No
206257273           Compliance Compliance Federal Compliance 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.) (Final/ [Redacted]) The Borrower's Final Closing Disclosure did not disclose any seller paid fees and the Seller CD was missing from file.   Reviewer Comment (2019-03-01): Seller provided the Sellers CD


Reviewer Comment (2019-03-01): No valid COC provided exception remains
 9/XX/2018  10:02:31 AM     1 A 8/XX/2018 HI Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257273           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. There is no evidence provided in file confirming Borrower was provided the Home Loan Toolkit disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): Seller provided the home loan toolkit with no date provided. Exception remains.
     8/XX/2018  3:53:26 PM 2 B 8/XX/2018 HI Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257273           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. There were no Loan Estimate's provided in file.   Reviewer Comment (2019-03-01): Seller provided the initial LE dated (Redacted).
 8/XX/2018  10:00:15 AM     1 A 8/XX/2018 HI Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257273           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. Unable to determine if ARM Disclosure was provide to Borrower within x days of application.   Reviewer Comment (2019-03-01): Initial xxxx loan was disclosed as a fixed rate LE dated x/xx/xxxx loan program change to ARM - ARM disclosure dated x/xx/xxxx.


Reviewer Comment (2019-03-01): Seller provided the ARM disclosure dated x/xx/xxxx > application date plus x days (Redacted). Exception remains
 9/XX/2018  9:43:48 AM     1 A 8/XX/2018 HI Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257273           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. No documentation in file to confirm CHARM Booklet Disclosure was provided to Borrower.   Reviewer Comment (2019-03-01): Seller provided the CHARM booklet
 9/XX/2018  5:16:28 PM     1 A 8/XX/2018 HI Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257273           Compliance Compliance Federal Compliance 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 increased without a valid change of circumstance provided in file and no evidence of a cure to Borrower.       8/XX/2018  1:48:23 PM   1 A 8/XX/2018 HI Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
206257273           Compliance Compliance Federal Compliance 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. The Credit Report Fee increased without a valid change of circumstance provided in file and no evidence of a cure to Borrower.       8/XX/2018  1:48:23 PM   1 A 8/XX/2018 HI Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
206257273           Compliance Compliance Federal Compliance 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. There is no evidence in file to confirm the Borrower was provided the Appraisal Disclosure within x days of application.   Reviewer Comment (2019-03-01): Seller provided the initial LE dated (Redacted).
 8/XX/2018  10:00:15 AM     1 A 8/XX/2018 HI Primary Purchase   C B A A C B A A Non QM Non QM Yes
206257273           Compliance Compliance Federal Compliance 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 3 days of the loan application date. There is no evidence in file to confirm the Borrower was provided the Appraisal Disclosure within x days of application.   Reviewer Comment (2019-03-01): Seller provided the initial LE dated (Redacted).
 8/XX/2018  10:00:15 AM     1 A 8/XX/2018 HI Primary Purchase   C B A A C B A A Non QM Non QM No
206257273           Compliance Compliance Federal Compliance TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. Unable to confirm if Borrower was provided the Servicing Disclosure within x days of loan application.   Reviewer Comment (2019-03-01): Seller provided the initial LE dated (Redacted).
 8/XX/2018  10:00:15 AM     1 A 8/XX/2018 HI Primary Purchase   C B A A C B A A Non QM Non QM Yes
206257273           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.29100% or Final Disclosure APR of 7.31400% is in excess of allowable threshold of APOR 4.73% + 1.5%, or 6.23000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans
     8/XX/2018  10:17:48 AM 1 A 8/XX/2018 HI Primary Purchase   C B A A C B A A Non QM Non QM No
206257273           Compliance Compliance Federal Compliance TRID Loan Estimate Esign Consent Agreement Timing ESIGN Act - Loan Estimate provided on [Redacted] was electronically provided prior to borrower's consent to receive electronic disclosures. (Initial/[Redacted]) LE delivery date [Redacted] < e-consent disclosure provided date [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     8/XX/2018  3:53:39 PM 2 B 8/XX/2018 HI Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257273           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) 0% tolerances for [Redacted] no cure provided   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     8/XX/2018  3:54:01 PM 2 B 8/XX/2018 HI Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257273           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Fee was not disclosed on the initial LE dated [Redacted].   Reviewer Comment (2019-03-01): Seller provided the COC dated x/xx/xxxx for the loan program/investor change.


Reviewer Comment (2019-03-01): No valid COC provided for addition of fee on x/xx LE. Exception remains
 9/XX/2018  9:48:34 AM     1 A 8/XX/2018 HI 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
206257273           Compliance Compliance Federal Compliance 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 $0.00.  Insufficient or no cure was provided to the borrower. (7505) Fee was not disclosed on the initial LE dated [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received letter of explanation, proof of delivery, copy of refund check, and corrected CD.


Reviewer Comment (2019-03-01): Letter of Explanation, Shipping Label, Copy of Refund Check, and Corrected CD has been provided.  Shipping Label per USPS website shows that the package has not yet shipped to the customer.  Please provide proof that the package has shipped / is in transit or has been delivered.


Buyer Comment (2019-03-01): Will be shipped out once everything else has been cleared.


Reviewer Comment (2019-03-01): (Redacted) received letter of explanation, refund check, corrected CD, and shipping label.  Corrected CD did not update the "Credit for increase in Closing Costs above legal limit" in section J on page two and "Increase exceeds legal limits" amount in the Calculating Cash to Close table on page three of the CD.  Amounts should reflect $xxx instead of $xxx.  Additionally, tracking indicates shipping label was created, but the package has not shipped.  Corrected CD and shipped package are required to cure exceptions.


Reviewer Comment (2019-03-01): Appraisal desk fee is required per loan program under which the (Redacted) LE was issued the COC is invalid a refund is required. Exception remains.


Reviewer Comment (2019-03-01): Escalated


Buyer Comment (2019-03-01): We disagree with this.  We already had a tolerance cure on the Final CD for the $xxx appraisal fee and $xxx for credit report so total $xxx.xx cure (page x section J final Cd).  The appraisal desk review fee and tax service fee were included on the COC x/xx and LE x/xx please advise why they are asking for those cures?  
Please find attached:
Final CD
COC x/xx
LE x/xx
Snip showing cure fees of $xxx already applied.


Reviewer Comment (2019-03-01): Fee was not disclosed on the initial LE dated (Redacted) seller provided a x/xx/xxxx COC for the addition of the fee however this is a required fee which should have been disclosed at origination. Exception remains.


Reviewer Comment (2019-03-01): No valid COC provided for addition of fee on x/xx LE. Exception remains


Buyer Comment (2019-03-01): Please see upload
   9/XX/2018  4:22:14 PM   2 B 8/XX/2018 HI 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
206257273           Compliance Compliance Federal Compliance 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 coc for increase   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD


Reviewer Comment (2019-03-01): Letter of Explanation, Shipping Label, Copy of Refund Check, and Corrected CD has been provided.  Shipping Label per USPS website shows that the package has not yet shipped to the customer.  Please provide proof that the package has shipped / is in transit or has been delivered.


Reviewer Comment (2019-03-01): (Redacted) received letter of explanation, refund check, corrected CD, and shipping label.  Corrected CD did not update the "Credit for increase in Closing Costs above legal limit" in section J on page two and "Increase exceeds legal limits" amount in the Calculating Cash to Close table on page three of the CD.  Amounts should reflect $xxx instead of $xxx.  Additionally, tracking indicates shipping label was created, but the package has not shipped.  Corrected CD and shipped package are required to cure exceptions.


Reviewer Comment (2019-03-01): Tolerance Cure of 255.00 on the final CD is insufficient to cure all 0% tolerance exceptions.


Reviewer Comment (2019-03-01): Escalated


Reviewer Comment (2019-03-01): No COC provided for the increase on the x/xx/xxxx final CD. Exception remains


Reviewer Comment (2019-03-01): No valid COC provided for increase on x/xx/xxxx. Exception remains


Buyer Comment (2019-03-01): Please see upload
   9/XX/2018  4:25:26 PM   2 B 8/XX/2018 HI 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
206257273           Compliance Compliance Federal Compliance 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. No COC for increase   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Reviewer Comment (2019-03-01): Letter of Explanation, Shipping Label, Copy of Refund Check, and Corrected CD has been provided.  Shipping Label per USPS website shows that the package has not yet shipped to the customer.  Please provide proof that the package has shipped / is in transit or has been delivered.


Reviewer Comment (2019-03-01): (Redacted) received letter of explanation, refund check, corrected CD, and shipping label.  Corrected CD did not update the "Credit for increase in Closing Costs above legal limit" in section J on page two and "Increase exceeds legal limits" amount in the Calculating Cash to Close table on page three of the CD.  Amounts should reflect $xxx instead of $xxx.  Additionally, tracking indicates shipping label was created, but the package has not shipped.  Corrected CD and shipped package are required to cure exceptions.


Reviewer Comment (2019-03-01): Tolerance Cure of 255.00 on the final CD is insufficient to cure all 0% tolerance exceptions.


Reviewer Comment (2019-03-01): Escalated


Reviewer Comment (2019-03-01): No COC provided for the increase on the x/xx/xxxx final CD. Exception remains


Reviewer Comment (2019-03-01): No valid COC provided for the increase on x/xx/xxxx. Exception remains


Buyer Comment (2019-03-01): Please see upload
   9/XX/2018  4:23:56 PM   2 B 8/XX/2018 HI 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
206257273           Compliance Compliance Federal Compliance 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. Fee was not disclosed on the initial LE dated [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received letter of explanation, proof of delivery, copy of refund check, and corrected CD.


Reviewer Comment (2019-03-01): Letter of Explanation, Shipping Label, Copy of Refund Check, and Corrected CD has been provided.  Shipping Label per USPS website shows that the package has not yet shipped to the customer.  Please provide proof that the package has shipped / is in transit or has been delivered.


Reviewer Comment (2019-03-01): (Redacted) received letter of explanation, refund check, corrected CD, and shipping label.  Corrected CD did not update the "Credit for increase in Closing Costs above legal limit" in section J on page two and "Increase exceeds legal limits" amount in the Calculating Cash to Close table on page three of the CD.  Amounts should reflect $xxx instead of $xxx.  Additionally, tracking indicates shipping label was created, but the package has not shipped.  Corrected CD and shipped package are required to cure exceptions.


Reviewer Comment (2019-03-01): Tax Service fee is required per loan program under which the (Redacted) LE was issued the COC is invalid a refund is required. Exception remains.


Reviewer Comment (2019-03-01): Escalated


Reviewer Comment (2019-03-01): Fee was not disclosed on the initial LE dated (Redacted) seller provided a x/xx/xxxx COC for the addition of the fee however this is a required fee which should have been disclosed at origination. Exception remains.


Reviewer Comment (2019-03-01): No valid COC provided for addition of fee on x/xx LE. Exception remains


Buyer Comment (2019-03-01): Please see upload
   9/XX/2018  4:23:02 PM   2 B 8/XX/2018 HI 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
206257273           Compliance Compliance Federal Compliance 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 $0.00.  Insufficient or no cure was provided to the borrower. (7599) Fee was not disclosed on the initial LE dated [Redacted].   Reviewer Comment (2019-03-01): Seller provided the COC dated x/xx/xxxx for the loan program/investor change.


Reviewer Comment (2019-03-01): No valid COC provided for addition of fee on x/xx LE. Exception remains


Buyer Comment (2019-03-01): Please see upload
 9/XX/2018  9:48:34 AM     1 A 8/XX/2018 HI 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
206257273           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Unable to test disclosure of Home Loan Toolkit due to missing information. Homeloan toolkit was provided however no date was listed as provided   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  11:35:30 AM 2 B 8/XX/2018 HI Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257273           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Timing Truth in Lending Act (2015): Creditor or broker did not provide the Home Loan Toolkit Disclosure to applicant within 3 business days of application. Homeloan toolkit was provided however no date was listed as provided   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  2:47:11 PM 2 B 8/XX/2018 HI Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257273           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status Unable to determine if loan file contains CHARM Booklet due to missing information. CHARM was provided however no date was listed as provided   Reviewer Comment (2019-03-01): Seller provided copy of the CHARM book and disclosure notice dated (Redacted).
 9/XX/2018  4:50:21 PM     1 A 8/XX/2018 HI Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257273           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Seller paid fees on seller CD [Redacted] seller paid fees on borrowers CD x.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  2:47:25 PM 2 A 8/XX/2018 HI Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257274           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.56870% or Final Disclosure APR of 7.59600% is in excess of allowable threshold of APOR 4.55% + 1.5%, or 6.05000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): Seller provided the general warranty deed dated (Redacted) placing into borrowers (Redacted)
 09/04/2018     1 A 7/XX/2018 TX Primary Purchase   C A A A C A A A Non QM Non QM No
206257274           Compliance Compliance Federal Compliance 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. Loan does not meet ATR requirements due to lack of third party verification of self-employment.   Reviewer Comment (2019-03-01): Lenders guidelines allow bank statements within 90 days to meet income verification.
 9/XX/2018  4:39:59 PM     1 A 7/XX/2018 TX Primary Purchase Lender to provide updated ATR/QM status C A A A C A A A Non QM Non QM Yes
206257274           Compliance Compliance Federal Compliance 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. ([Redacted]) Per investor guidelines, the borrower's business is not properly documented (e.g. via business licenses, CPA letter, etc.).   Reviewer Comment (2019-03-01): Lenders guidelines allow bank statements within 90 days to meet income verification.
 9/XX/2018  4:39:53 PM     1 A 7/XX/2018 TX Primary Purchase   C A A A C A A A Non QM Non QM No
206257274           Compliance Compliance Federal Compliance Appraisal Flipped Property Missing Information Last Sales Price or Last Sales Date from the Primary Valuation or Contract Sales Price or Contract Sales Date are missing. Unable to determine compliance with TIL HPML Flipped Property Requirements.     Reviewer Comment (2019-03-01): Seller provided the general warranty deed dated (Redacted) placing into borrowers (Redacted)


Buyer Comment (2019-03-01): Property was not previously sold, it was just deeded into the borrowers XXX
 09/04/2018     1 A 7/XX/2018 TX Primary Purchase   C A A A C A A A Non QM Non QM No
206257274           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.56870% or Final Disclosure APR of 7.59600% is in excess of allowable threshold of APOR 4.55% + 1.5%, or 6.05000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans
     09/04/2018 1 A 7/XX/2018 TX Primary Purchase   C A A A C A A A Non QM Non QM No
206257275           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.85050% or Final Disclosure APR of 6.88400% is in excess of allowable threshold of APOR 4.75% + 1.5%, or 6.25000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     8/XX/2018  5:12:55 PM 1 A 8/XX/2018 MD Primary Purchase   C B C A C B A A Non QM Non QM No
206257275           Compliance Compliance Federal Compliance 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 (2019-03-01): Seller provided the Homeownership counseling list dated (Redacted)
 8/XX/2018  2:39:42 PM     1 A 8/XX/2018 MD Primary Purchase   C B C A C B A A Non QM Non QM No
206257275           Compliance Compliance State Compliance Maryland Counseling Agencies Disclosure Not in File Maryland HB1399 - No evidence of counseling agencies list per Maryland HB 1399.     Reviewer Comment (2019-03-01): Seller provided the Homeownership counseling list dated (Redacted)


Buyer Comment (2019-03-01): Uploaded List
 8/XX/2018  2:39:42 PM     1 A 8/XX/2018 MD Primary Purchase   C B C A C B A A Non QM Non QM No
206257275           Compliance Compliance State Compliance (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) Maryland Higher-Priced Mortgage Loan:  Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for.     Reviewer Comment (2019-03-01): Seller provided the HPML disclosure dated (Redacted).
 8/XX/2018  2:49:40 PM     1 A 8/XX/2018 MD Primary Purchase   C B C A C B A A Non QM Non QM No
206257275           Compliance Compliance State Compliance Maryland HPML Threshold Test Non-Compliant Maryland 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]% + 1.5%, or [Redacted]%.  Non-Compliant Higher Priced Loan.     Reviewer Comment (2019-03-01): Seller provided the HPML disclosure dated (Redacted).
 8/XX/2018  2:49:40 PM     1 A 8/XX/2018 MD Primary Purchase   C B C A C B A A Non QM Non QM No
206257275           Compliance Compliance State Compliance Maryland Ability to Repay Not Verified Maryland SB270:  Borrower's ability to repay not verified with reliable documentation.     Buyer Comment (2019-03-01): EV2 Compliance
     9/XX/2018  12:21:54 PM 2 B 8/XX/2018 MD Primary Purchase   C B C A C B A A Non QM Non QM No
206257275           Compliance Compliance Federal Compliance ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower.     Reviewer Comment (2019-03-01): Seller provided the ARM dated (Redacted)


Buyer Comment (2019-03-01): Disclosure Tracking final page reflects ARM Disclosure electronically provided to client.  Please clear.


Reviewer Comment (2019-03-01): No disclosure uploaded. Exception remains
 9/XX/2018  11:54:14 AM     1 A 8/XX/2018 MD Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257275           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower.     Reviewer Comment (2019-03-01): Seller provided the CHARM dated (Redacted)


Buyer Comment (2019-03-01): Trailing document provided "Disclosure Tracking" shows date provided to client.


Reviewer Comment (2019-03-01): Charm booklet was provided however no evidence of the date provided to the borrower. Exception remains
 9/XX/2018  11:54:14 AM     1 A 8/XX/2018 MD Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257275           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) The final CD disclosed that the loan is not assumable; the note disclosed that the loan is assumable.   Reviewer Comment (2019-03-01): Seller provided the PCCD and LOX


Buyer Comment (2019-03-01): Updated Trailing doc provided to include LOX and PCCD.


Reviewer Comment (2019-03-01): Seller provided a PCCD missing the LOX. Exception remains
   9/XX/2018  11:56:50 AM   2 B 8/XX/2018 MD Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257275           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Home Loan Toolkit not provided.   Reviewer Comment (2019-03-01): Seller provided the home loan toolkit dated (Redacted)


Buyer Comment (2019-03-01): Trailing document provided "Disclosure Tracking" shows date provided to client. Please clear.


Reviewer Comment (2019-03-01): Seller provided the home loan toolkit however there is no evidence of the date provided to the borrower. Exception remains.
 9/XX/2018  11:54:14 AM     1 A 8/XX/2018 MD Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257275           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. List of service providers not provided.   Reviewer Comment (2019-03-01): Seller provided the SSPL dated (Redacted)
 8/XX/2018  2:39:42 PM     1 A 8/XX/2018 MD Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257275           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total [Redacted], while closing CD seller's fees total [Redacted]   Buyer Comment (2019-03-01): EV2 Compliance


Reviewer Comment (2019-03-01): These fees should be listed as seller paid items on the page 2 of the Borrowers final CD however the VD reflects 0. Please provide a corrected PCCD and LOX. Exception remains


Buyer Comment (2019-03-01): The fees paid on the Seller CD are all Seller obligated fees and not any that are seller concessions or that should be noted as seller credit. No seller credit noted on contract. Please advise
     9/XX/2018  12:22:08 PM 2 A 8/XX/2018 MD Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257275           Credit Loan Package Documentation Application / Processing Missing Document: Bankruptcy Documents not provided   Not required per lender guidelines.   Reviewer Comment (2019-03-01): Not required per lender guidelines.
 8/XX/2018  5:09:35 PM     1 A 8/XX/2018 MD Primary Purchase   C B C A C B A A Non QM Non QM No
206257275           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure x/x/xxxx 12:00:00 AM was received. (Interim/[Redacted]) LE issue date [Redacted] < initial CD issue date [Redacted] and LE received date [Redacted] >= initial CD received date [Redacted].   Reviewer Comment (2019-03-01): Seller provided the initial LE dated (Redacted) e-signed on (Redacted).


Buyer Comment (2019-03-01): Please see trailing document "LE Signed 0806", borrower acknowledged electronic receipt as of 08/06.


Buyer Comment (2019-03-01): Please see trailing document "Disclosure Tracking" for timeline for all LE's & CD's provided to client.
 9/XX/2018  11:54:14 AM     1 A 8/XX/2018 MD Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257275           Compliance Compliance State Compliance Maryland HPML Threshold Test Compliant Maryland 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]% + 1.5%, or [Redacted]%.  Compliant Higher Priced Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans
     8/XX/2018  2:52:07 PM 1 A 8/XX/2018 MD Primary Purchase   C B C A C B A A Non QM Non QM No
206257275           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. Disclosure provided date [Redacted]> application plus x days [Redacted]   Reviewer Comment (2019-03-01): Initial 1003 fixed rate LE (Redacted) changed to ARM disclosure (Redacted).


Buyer Comment (2019-03-01): Initial loan application reflects loan program type as Fixed rate option.  COC dated 0(Redacted) reflects borrower elected to switch loan program type to ARM product thus producing the applicable ARM disclosure / CHARM booklet dated 0(Redacted) previously provided.  Please see new trailing document provided and clear.
 9/XX/2018  5:57:37 PM     1 A 8/XX/2018 MD Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257275           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Timing TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower within three (3) days of application. Disclosure provided date [Redacted]> application plus x days [Redacted]   Reviewer Comment (2019-03-01): Initial 1003 fixed rate LE (Redacted) changed to ARM disclosure (Redacted).
 9/XX/2018  5:57:55 PM     1 A 8/XX/2018 MD Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257276           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   The Lender's Initial 1003 is missing from file, however, the Creditor Application Date was obtained from alternative documentation in file.   Reviewer Comment (2019-03-01): Seller provided the lenders initial 1003 signed and dated on (Redacted).
 8/XX/2018  10:47:20 AM     1 A 8/XX/2018 IL Primary Purchase   C B A A C B A A Non QM Non QM No
206257276           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.06440% or Final Disclosure APR of 7.10900% is in excess of allowable threshold of APOR 4.63% + 1.5%, or 6.13000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): Seller provided the initial LE dated (Redacted).
 8/XX/2018  10:55:04 AM     1 A 8/XX/2018 IL Primary Purchase   C B A A C B A A Non QM Non QM No
206257276           Compliance Compliance Federal Compliance 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. Unable to confirm if Borrower was provided the List of Homeownership Counseling Organizations disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     8/XX/2018  9:54:55 AM 2 B 8/XX/2018 IL Primary Purchase   C B A A C B A A Non QM Non QM No
206257276           Compliance Compliance State Compliance Illinois SB 1894 IL Predatory Lending Database Program (SB 1894) - Certificate of Compliance or Exemption not attached to mortgage for recording. No evidence in file of the Certificate of Compliance or Exemption.   Reviewer Comment (2019-03-01): Seller provided the IL SB 1894
 8/XX/2018  11:07:58 AM     1 A 8/XX/2018 IL Primary Purchase   C B A A C B A A Non QM Non QM No
206257276           Compliance Compliance Federal Compliance 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. No documentation of Initial Application Date provided and only one version of LE provided in images.   Reviewer Comment (2019-03-01): Seller provided the initial LE dated (Redacted).
 8/XX/2018  10:55:04 AM     1 A 8/XX/2018 IL Primary Purchase   C B A A C B A A Non QM Non QM Yes
206257276           Compliance Compliance Federal Compliance TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. No documentation of Initial Application Date provided and only one version of LE provided in images.   Reviewer Comment (2019-03-01): Seller provided the initial LE dated (Redacted).
 8/XX/2018  10:55:04 AM     1 A 8/XX/2018 IL Primary Purchase   C B A A C B A A Non QM Non QM Yes
206257276           Compliance Compliance Federal Compliance 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 3 days of the loan application date. No documentation of Initial Application Date provided and only one version of LE provided in images.   Reviewer Comment (2019-03-01): Seller provided the initial LE dated (Redacted).
 8/XX/2018  10:55:04 AM     1 A 8/XX/2018 IL Primary Purchase   C B A A C B A A Non QM Non QM No
206257276           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Several fees increased from the LE.   Note that only one version of LE is provided and only the consumer's final CD is provided.  Refer to exceptions related to individual fees for additional information.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     8/XX/2018  9:56:42 AM 2 B 8/XX/2018 IL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257276           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Neither a copy of the Home Loan Toolkit nor an acknowledgment of receitp is  provided.   Reviewer Comment (2019-03-01): Seller provided the homeloan toolkit dated (Redacted).
 8/XX/2018  11:03:42 AM     1 A 8/XX/2018 IL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257276           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) The initial CD is not provided for review and testing.  Only the consumer's final CD is provided.   Reviewer Comment (2019-03-01): Seller provided the initial CD dated (Redacted).
 8/XX/2018  11:18:27 AM     1 A 8/XX/2018 IL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257276           Compliance Compliance Federal Compliance TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (Initial/[Redacted]) The issued date of the Loan Estimate provided in file is not within x days of application, however, there is only one loan estimate provided in file. Unable to determine if a loan estimate was issued prior to [Redacted].   Reviewer Comment (2019-03-01): Seller provided the initial LE dated (Redacted).
 8/XX/2018  10:55:04 AM     1 A 8/XX/2018 IL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257276           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) No seller paid fees are disclosed on the consumer's final CD.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     8/XX/2018  9:59:01 AM 2 A 8/XX/2018 IL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257276           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. No documentation is provided to evidence that the list was provided to the borrower.   Reviewer Comment (2019-03-01): Seller provided the SSPL dated (Redacted).
 8/XX/2018  10:57:52 AM     1 A 8/XX/2018 IL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257276           Compliance Compliance Federal Compliance 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 $0.00.  Insufficient or no cure was provided to the borrower. (7505) Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Missing proof of valid change, insufficient or no cure was provided to the borrower.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided.


Buyer Comment (2019-03-01): I just realized that the recording fees was already given a tolerance credit at closing.  see CD showing $10.30 for closing costs above legal limit.
Because of this, the refund is now 176.00, Please confirm


Reviewer Comment (2019-03-01): Cure required $186.30, Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.  Attorney Fees should be moved to Section H on PC-CD.  Thanks.


Buyer Comment (2019-03-01): I will refund the Appraisal Review Fee, the Verification Fee and the difference in the recording costs.  Total refund $186.30
However, the Attorney Fee Borrower Chosen is supposed to be in Section H and does not require a refund.
Borrower has the option of seeking an attorney up to time of closing and we do not need to disclose this on a loan estimate.

Please confirm so I can request the check.


Reviewer Comment (2019-03-01): Fee was not disclosed on the initial LE and is a required fee per program. Please provide a refund of 150.00. Exception remains
   9/XX/2018  11:03:16 AM   2 B 8/XX/2018 IL 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
206257276           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Verification Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Missing proof of valid change, insufficient or no cure was provided to the borrower.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided.


Reviewer Comment (2019-03-01): Cure required $186.30, Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.  Attorney Fees should be moved to Section H on PC-CD.  Thanks.


Buyer Comment (2019-03-01): I will refund the Appraisal Review Fee, the Verification Fee and the difference in the recording costs.  Total refund $186.30
However, the Attorney Fee Borrower Chosen is supposed to be in Section H and does not require a refund.
Borrower has the option of seeking an attorney up to time of closing and we do not need to disclose this on a loan estimate.

Please confirm so I can request the check.


Reviewer Comment (2019-03-01): Fee was not disclosed on the initial LE and no COC for additional fee. Exception remains.
   9/XX/2018  11:03:33 AM   2 B 8/XX/2018 IL 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
206257276           Compliance Compliance Federal Compliance 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. Zero Percent Fee Tolerance exceeded for Attorney Review Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Missing proof of valid change, insufficient or no cure was provided to the borrower.   Reviewer Comment (2019-03-01): Borrower chosen provider not subject to fee tolerance.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): Cure required $186.30, Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.  Attorney Fees should be moved to Section H on PC-CD.  Thanks.


Buyer Comment (2019-03-01): I will refund the Appraisal Review Fee, the Verification Fee and the difference in the recording costs.  Total refund $186.30
However, the Attorney Fee Borrower Chosen is supposed to be in Section H and does not require a refund.
Borrower has the option of seeking an attorney up to time of closing and we do not need to disclose this on a loan estimate.

Please confirm so I can request the check.


Reviewer Comment (2019-03-01): Fee was not disclosed on the initial LE - no valif COC for addition. Exception remains
 9/XX/2018  11:04:09 AM     1 A 8/XX/2018 IL 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
206257276           Compliance Compliance Federal Compliance 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 three (3) business days of application. Unable to determine if Borrower received the AFBA Disclosure within x days of application.   Reviewer Comment (2019-03-01): Seller provided the Affiliated business disclosure dated (Redacted).
 8/XX/2018  11:05:23 AM     1 A 8/XX/2018 IL Primary Purchase   C B A A C B A A Non QM Non QM No
206257276           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.06440% or Final Disclosure APR of 7.10900% is in excess of allowable threshold of APOR 4.63% + 1.5%, or 6.13000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     8/XX/2018  11:00:14 AM 1 A 8/XX/2018 IL Primary Purchase   C B A A C B A A Non QM Non QM No
206257276           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. Missing the e-consent   Reviewer Comment (2019-03-01): Esign Consent Agreement provided.
 9/XX/2018  4:49:49 PM     1 A 8/XX/2018 IL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257276           Compliance Compliance Federal Compliance 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 10% or $xxx.xx.  Insufficient or no cure was provided to the borrower. (0) Recording fees of [Redacted] on final CD> [Redacted] disclosed on the initial LE   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): Cure required $xxx.xx, Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.  Attorney Fees should be moved to Section H on PC-CD.  Thanks.


Buyer Comment (2019-03-01): I will refund the Appraisal Review Fee, the Verification Fee and the difference in the recording costs.  Total refund $xxx.xx
However, the Attorney Fee Borrower Chosen is supposed to be in Section H and does not require a refund.
Borrower has the option of seeking an attorney up to time of closing and we do not need to disclose this on a loan estimate.

Please confirm so I can request the check.
   9/XX/2018  11:06:43 AM   2 B 8/XX/2018 IL 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
206257277           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Reviewer Comment (2019-03-01): Document provided confirms application date of xx/xx/xxxx.  xx/xx/xxxx did not have a property address identified.


Buyer Comment (2019-03-01): The LE was cleared with documentation, please clear.


Reviewer Comment (2019-03-01): Please provide the evidence the initial application dated x/xx was cancelled/withdrawn via adverse action notice or otherwise, and a new application was submitted by borrower. Exception remains


Buyer Comment (2019-03-01): Guidelines attached


Reviewer Comment (2019-03-01): If lender can provide evidence that initial application on x/xx was cancelled/withdrawn via adverse action notice or otherwise, and a new application was submitted by borrower, the date of the new application could be used as the initial app date. The ATR Worksheet in file that reflects the x/xx/xx application date also contains a loan number of xxxxxxxx. This is the same loan number that appears on the final xxxx and other loan docs (e.g., Note, Mortgage, etc.) which indicates it is the same loan and not a new loan that was started. Exception remains


Buyer Comment (2019-03-01): It looks like there was a loan started with a 'TBD' property on x/xx, but it never went to an application status.  This was canceled in our system until the borrower found the subject property.  The application on the subject property was taken on  x/xx/xx.

The ATR in our file is dated x/x and all the documents I see are for the subject property with an application date of x/xx/xx.  Please let me  know if I would need to provide anything additional to clear this up.


Reviewer Comment (2019-03-01): Seller provided a xxxx with the application date of x/xx/xxxx however other documentation in file states application date of x/xx/xxxx ATR worksheet and FACTA please provide additional xxxx for x/xx/xxxx. Exception remains
 9/XX/2018  10:19:27 AM     1 A 8/XX/2018 IL Primary Purchase   C A C A C A A A Non QM Non QM No
206257277           Credit Credit Credit Documentation Aged document: Credit Report  is more than 90 days prior to the note date. Credit Report: Original // Borrower: Borrower: [Redacted] Credit report is dated [Redacted] and consummation date is [Redacted].   Reviewer Comment (2019-03-01): Seller provided the credit report dated x/x/xxxx.
 8/XX/2018  11:13:01 AM     1 A 8/XX/2018 IL Primary Purchase   C A C A C A A A Non QM Non QM No
206257277           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.55030% or Final Disclosure APR of 7.59800% is in excess of allowable threshold of APOR 4.65% + 1.5%, or 6.15000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): Document provided confirms application date of xx/xx/xxxx.  xx/xx/xxxx did not have a property address identified.
 9/XX/2018  5:47:11 PM     1 A 8/XX/2018 IL Primary Purchase   C A C A C A A A Non QM Non QM No
206257277           Compliance Compliance Federal Compliance 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.   Reviewer Comment (2019-03-01): Document provided confirms application date of xx/xx/xxxx.  xx/xx/xxxx did not have a property address identified.


Reviewer Comment (2019-03-01): If lender can provide evidence that initial application on x/xx was cancelled/withdrawn via adverse action notice or otherwise, and a new application was submitted by borrower, the date of the new application could be used as the initial app date. The ATR Worksheet in file that reflects the x/xx/xx application date also contains a loan number of xxxxxxxx. This is the same loan number that appears on the final xxxx and other loan docs (e.g., Note, Mortgage, etc.) which indicates it is the same loan and not a new loan that was started. Exception remains


Buyer Comment (2019-03-01): It looks like there was a loan started with a 'TBD' property on x/xx, but it never went to an application status.  This was canceled in our system until the borrower found the subject property.  The application on the subject property was taken on  x/xx/xx.

The ATR in our file is dated x/x and all the documents I see are for the subject property with an application date of x/xx/xx.  Please let me  know if I would need to provide anything additional to clear this up.


Reviewer Comment (2019-03-01): Documentation in file states application date of x/xx/xxxx ATR worksheet and Credit report. LE dated x/x/xxxx > application date plus x days x/x/xxxx. Exception remains
 9/XX/2018  5:47:11 PM     1 A 8/XX/2018 IL Primary Purchase   C A C A C A A A Non QM Non QM Yes
206257277           Compliance Compliance Federal Compliance TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date.   Reviewer Comment (2019-03-01): Document provided confirms application date of xx/xx/xxxx.  xx/xx/xxxx did not have a property address identified.


Reviewer Comment (2019-03-01): If lender can provide evidence that initial application on x/xx was cancelled/withdrawn via adverse action notice or otherwise, and a new application was submitted by borrower, the date of the new application could be used as the initial app date. The ATR Worksheet in file that reflects the x/xx/xx application date also contains a loan number of xxxxxxxx. This is the same loan number that appears on the final xxxx and other loan docs (e.g., Note, Mortgage, etc.) which indicates it is the same loan and not a new loan that was started. Exception remains


Buyer Comment (2019-03-01): It looks like there was a loan started with a 'TBD' property on x/xx, but it never went to an application status.  This was canceled in our system until the borrower found the subject property.  The application on the subject property was taken on  x/xx/xx.

The ATR in our file is dated x/x and all the documents I see are for the subject property with an application date of x/xx/xx.  Please let me  know if I would need to provide anything additional to clear this up.


Reviewer Comment (2019-03-01): Documentation in file states application date of x/xx/xxxx ATR worksheet and Credit report. LE dated x/x/xxxx > application date plus x days x/x/xxxx. Exception remains
 9/XX/2018  5:47:11 PM     1 A 8/XX/2018 IL Primary Purchase   C A C A C A A A Non QM Non QM Yes
206257277           Compliance Compliance Federal Compliance 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 three (3) business days of application. List of Homeownership Counseling Organizations not provided to applicant within three (3) business days of application.   Reviewer Comment (2019-03-01): Document provided confirms application date of xx/xx/xxxx.  xx/xx/xxxx did not have a property address identified.


Reviewer Comment (2019-03-01): If lender can provide evidence that initial application on x/xx was cancelled/withdrawn via adverse action notice or otherwise, and a new application was submitted by borrower, the date of the new application could be used as the initial app date. The ATR Worksheet in file that reflects the x/xx/xx application date also contains a loan number of xxxxxxxx. This is the same loan number that appears on the final xxxx and other loan docs (e.g., Note, Mortgage, etc.) which indicates it is the same loan and not a new loan that was started. Exception remains


Buyer Comment (2019-03-01): It looks like there was a loan started with a 'TBD' property on x/xx, but it never went to an application status.  This was canceled in our system until the borrower found the subject property.  The application on the subject property was taken on  x/xx/xx.

The ATR in our file is dated x/x and all the documents I see are for the subject property with an application date of x/xx/xx.  Please let me  know if I would need to provide anything additional to clear this up.


Reviewer Comment (2019-03-01): Documentation in file states application date of x/xx/xxxx ATR worksheet and Credit report. Homeownership counseling list dated x/x/xxxx > application date plus x days x/x/xxxx. Exception remains
 9/XX/2018  5:47:11 PM     1 A 8/XX/2018 IL Primary Purchase   C A C A C A A A Non QM Non QM No
206257277           Compliance Compliance Federal Compliance 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 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.   Reviewer Comment (2019-03-01): Document provided confirms application date of xx/xx/xxxx.  xx/xx/xxxx did not have a property address identified.


Reviewer Comment (2019-03-01): If lender can provide evidence that initial application on x/xx was cancelled/withdrawn via adverse action notice or otherwise, and a new application was submitted by borrower, the date of the new application could be used as the initial app date. The ATR Worksheet in file that reflects the x/xx/xx application date also contains a loan number of xxxxxxxx. This is the same loan number that appears on the final xxxx and other loan docs (e.g., Note, Mortgage, etc.) which indicates it is the same loan and not a new loan that was started. Exception remains


Buyer Comment (2019-03-01): It looks like there was a loan started with a 'TBD' property on x/xx, but it never went to an application status.  This was canceled in our system until the borrower found the subject property.  The application on the subject property was taken on  x/xx/xx.

The ATR in our file is dated x/x and all the documents I see are for the subject property with an application date of x/xx/xx.  Please let me  know if I would need to provide anything additional to clear this up.


Reviewer Comment (2019-03-01): Documentation in file states application date of x/xx/xxxx ATR worksheet and Credit report. LE dated x/x/xxxx > application date plus x days x/x/xxxx. Exception remains
 9/XX/2018  5:47:11 PM     1 A 8/XX/2018 IL Primary Purchase   C A C A C A A A Non QM Non QM No
206257277           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Timing Truth in Lending Act (2015): Creditor or broker did not provide the Home Loan Toolkit Disclosure to applicant within 3 business days of application. Creditor or broker did not provide the Home Loan Toolkit Disclosure to applicant within x business days of application.   Reviewer Comment (2019-03-01): Document provided confirms application date of xx/xx/xxxx.  xx/xx/xxxx did not have a property address identified.


Reviewer Comment (2019-03-01): If lender can provide evidence that initial application on x/xx was cancelled/withdrawn via adverse action notice or otherwise, and a new application was submitted by borrower, the date of the new application could be used as the initial app date. The ATR Worksheet in file that reflects the x/xx/xx application date also contains a loan number of xxxxxxxx. This is the same loan number that appears on the final xxxx and other loan docs (e.g., Note, Mortgage, etc.) which indicates it is the same loan and not a new loan that was started. Exception remains


Buyer Comment (2019-03-01): It looks like there was a loan started with a 'TBD' property on x/xx, but it never went to an application status.  This was canceled in our system until the borrower found the subject property.  The application on the subject property was taken on  x/xx/xx.

The ATR in our file is dated x/x and all the documents I see are for the subject property with an application date of x/xx/xx.  Please let me  know if I would need to provide anything additional to clear this up.


Reviewer Comment (2019-03-01): Documentation in file states application date of x/xx/xxxx ATR worksheet and Credit report. Home loan toolkit dated x/x/xxxx > application date plus x days x/x/xxxx. Exception remains
 9/XX/2018  5:47:11 PM     1 A 8/XX/2018 IL Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
206257277           Compliance Compliance Federal Compliance TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (Initial/[Redacted]) Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application.   Reviewer Comment (2019-03-01): Document provided confirms application date of xx/xx/xxxx.  xx/xx/xxxx did not have a property address identified.


Reviewer Comment (2019-03-01): If lender can provide evidence that initial application on x/xx was cancelled/withdrawn via adverse action notice or otherwise, and a new application was submitted by borrower, the date of the new application could be used as the initial app date. The ATR Worksheet in file that reflects the x/xx/xx application date also contains a loan number of xxxxxxxx. This is the same loan number that appears on the final xxxx and other loan docs (e.g., Note, Mortgage, etc.) which indicates it is the same loan and not a new loan that was started. Exception remains


Buyer Comment (2019-03-01): It looks like there was a loan started with a 'TBD' property on x/xx, but it never went to an application status.  This was canceled in our system until the borrower found the subject property.  The application on the subject property was taken on  x/xx/xx.

The ATR in our file is dated x/x and all the documents I see are for the subject property with an application date of x/xx/xx.  Please let me  know if I would need to provide anything additional to clear this up.


Reviewer Comment (2019-03-01): Documentation in file states application date of x/xx/xxxx ATR worksheet and Credit report. LE dated x/x/xxxx > application date plus x days x/x/xxxx. Exception remains
 9/XX/2018  5:47:11 PM     1 A 8/XX/2018 IL Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
206257277           Compliance Compliance Federal Compliance TRID Service Provider Timing TILA-RESPA Integrated Disclosure: Borrower did not receive a list of service providers within 3 business days of application. Integrated Disclosure: Borrower did not receive a list of service providers within x business days of application.   Reviewer Comment (2019-03-01): Document provided confirms application date of xx/xx/xxxx.  xx/xx/xxxx did not have a property address identified.


Reviewer Comment (2019-03-01): If lender can provide evidence that initial application on x/xx was cancelled/withdrawn via adverse action notice or otherwise, and a new application was submitted by borrower, the date of the new application could be used as the initial app date. The ATR Worksheet in file that reflects the x/xx/xx application date also contains a loan number of xxxxxxxx. This is the same loan number that appears on the final xxxx and other loan docs (e.g., Note, Mortgage, etc.) which indicates it is the same loan and not a new loan that was started. Exception remains


Buyer Comment (2019-03-01): It looks like there was a loan started with a 'TBD' property on x/xx, but it never went to an application status.  This was canceled in our system until the borrower found the subject property.  The application on the subject property was taken on  x/xx/xx.

The ATR in our file is dated x/x and all the documents I see are for the subject property with an application date of x/xx/xx.  Please let me  know if I would need to provide anything additional to clear this up.


Reviewer Comment (2019-03-01): Documentation in file states application date of x/xx/xxxx ATR worksheet and Credit report. LE dated x/x/xxxx > application date plus x days x/x/xxxx. Exception remains
 9/XX/2018  5:47:11 PM     1 A 8/XX/2018 IL Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
206257277           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.55030% or Final Disclosure APR of 7.59800% is in excess of allowable threshold of APOR 4.65% + 1.5%, or 6.15000%.  Compliant Higher Priced Mortgage Loan. Compliant Higher Priced Mortgage Loan.   Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  10:03:45 AM 1 A 8/XX/2018 IL Primary Purchase   C A C A C A A A Non QM Non QM No
206257277           Compliance Compliance Federal Compliance 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 Risk. Non QM does not match Due Diligence Loan Designation of ATR Risk   Reviewer Comment (2019-03-01): Guidelines provided and used accordingly.


Buyer Comment (2019-03-01): Guidelines attached
 9/XX/2018  10:11:20 AM     1 A 8/XX/2018 IL Primary Purchase Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM Yes
206257277           Compliance Compliance Federal Compliance General Ability To Repay Provision Investor Guidelines Not Provided Ability to Repay (Dodd-Frank 2014): Unable to determine ability to repay due to missing guidelines. Loan characteristics are  [Redacted] DTI,  [Redacted]LTV/CLTV,  [Redacted] Credit Score, Occupancy: Primary, Purpose: Purchase, Unable to determine ability to repay due to missing guidelines. Loan characteristics are [Redacted]% DTI, [Redacted]%/[Redacted]% LTV/CLTV, [Redacted] Credit Score, Occupancy: Primary, Purpose: Purchase   Reviewer Comment (2019-03-01): Guidelines provided and used accordingly.


Buyer Comment (2019-03-01): Guidelines attached
 9/XX/2018  10:11:20 AM     1 A 8/XX/2018 IL Primary Purchase   C A C A C A A A Non QM Non QM No
206257278           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.57800% or Final Disclosure APR of 6.69800% is in excess of allowable threshold of APOR 4.71% + 1.5%, or 6.21000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     8/XX/2018  9:41:14 AM 1 A 8/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257278           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application.     Reviewer Comment (2019-03-01): ARM disclosure was prepared within x business days of program change from fixed to ARM on xx/xx/xxxx - initial xxxx(Redacted) was disclosed as a fixed rate


Reviewer Comment (2019-03-01): Incorrectly cleared/cured


Reviewer Comment (2019-03-01): ARM disclosure was prepared within x business days of program change from fixed to ARM on xx/xx/xxxx
 8/XX/2018  9:42:58 AM     1 A 8/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257278           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (Final/[Redacted]) Final disclosure reflects a total interest percentage of [Redacted], calculated TIP is [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     8/XX/2018  11:20:04 AM 2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257279           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Cure for various x% tolerance in the amount of $[Redacted] is not provided.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this EVx Compliance item.
     8/XX/2018  10:11:02 AM 2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257279           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Seller paid fees on the buyers Closing Disclosure is [Redacted]; seller paid fees on the sellers Closing Disclosure is [Redacted].  Seller paid fees not listed on the borrowers Final CD, Closing fee of $[Redacted], Lien Search of $[Redacted] and Title Search of $[Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this EVx Compliance item.
     8/XX/2018  9:40:02 AM 2 A 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257279           Compliance Compliance Federal Compliance 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 disclosed as $x on the LE dated [Redacted]; but disclosed as $[Redacted] on the Final Closing Disclosure.   Reviewer Comment (2019-03-01): Seller provided the Corrected PCCD, LOX, refund and shipping label(shipped x/xx/xxxx scheduled for delivery x/xx/xxxx by end of day)


Buyer Comment (2019-03-01): The UPS package was shipped, please see the attached tracking information.  Please clear this condition.


Reviewer Comment (2019-03-01): (Redacted) received letter of explanation, corrected CD, copy of check, and shipping label.  Tracking indicates that the shipping label has been created.  Exception will be cured when package is shipped to borrower.


Reviewer Comment (2019-03-01): (Redacted) received corrected CD for tolerance cure of $xxx for Survey Fee, Letter of Explanation and Proof of Delivery.


Buyer Comment (2019-03-01): Please see the corrected CD,documents and label sent to the borrower today for your review and clearance.


Buyer Comment (2019-03-01): Refund for Survey fee uploaded for your review/clearance.


Reviewer Comment (2019-03-01): (Redacted) received Copy of Refund check, letter of explanation, shipping label and a corrected CD.  The Corrected CD is not accurate in reflecting the Survey Fee cure on page x.  A corrected CD, Letter of Explanation and Proof of Delivery is required to cure.


Buyer Comment (2019-03-01): Refund for Survey Fee uploaded


Buyer Comment (2019-03-01): Refund for Survey fFe uploaded for your review/clearance.


Reviewer Comment (2019-03-01): The survey fee was not disclosued on the initial LE and was disclosued on the initial CD dated x/xx/xxxx (Redacted) would not consider the survey fee shoppable as the fee was never disclosed to the borrower on the LE and appears on the CD issued x business days before closing which does not support sufficient time for the borrower to shop for this service, If Lender can provide additional documentation to support borrower was able to shop for the survey services we can review ans re-consider the tolerance category. Exception remains


Reviewer Comment (2019-03-01): Escalated


Buyer Comment (2019-03-01): This is not a Zero Percent Fee tolerance rather falls into the No Tolerance Limit, placed in "C Borrower (REDACTED) Shop", in this case the Borrower did shop and chose a Survey company that is not on the SSPL. Documentation uploaded for your review.
   9/XX/2018  3:32:33 PM   2 B 8/XX/2018 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 B C B A A Non QM Non QM Yes
206257279           Credit Assets Asset Documentation Guideline Issue:Insufficient asset documentation.   Do not require funds to be transferred from business account into borrower's personal account for down payment and closing cost vs program requirement that funds to close are transferred to the borrower's personal account. Lender approved exception provided in file. No public records

No late payments on revolving and installment accounts on credit report since inception

Borrower has 1 open mortgage reporting no late payment since inception XX/2009

Borrower is self-employed as XXX and has been in the same line of work for the past 15 years

Credit score is 784, 84 points > program requirement of 700		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this requirement based on compensating factors.
     8/XX/2018  3:58:01 PM 2 B 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257279           Credit Credit Miscellaneous Credit Exception:   Per guidelines; income should reflect in the other income section as "Cash Self-Employment Income Based on Bank Statement Analysis"; final [Redacted] reflects "Average, adjusted cash income based on business bank statements".   Reviewer Comment (2019-03-01): Verbiage used on the final 1003 contains the same information as requested per guides as income based on business bank statements.


Buyer Comment (2019-03-01): Please provide the page of the guidelines that state the factors noted on this exception and/or the link to FNMA that indicates the same.  Thank you.
 8/XX/2018  10:01:42 AM     1 A 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257279           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.04610% or Final Disclosure APR of 7.06800% is in excess of allowable threshold of APOR 4.75% + 1.5%, or 6.25000%.  Compliant Higher Priced Mortgage Loan. Disclosure reflects APR as [Redacted]; calculated is [Redacted]%; threshold is [Redacted].   Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     8/XX/2018  3:54:40 PM 1 A 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257279           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Disclosure reflects loan "Will Not' allow assumption; note has assumption verbiage.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this EV2 Compliance item.
     8/XX/2018  9:39:33 AM 2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257279           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Seller CD fees paid [Redacted] < Borrower seller paid fees [Redacted]   Buyer Comment (2019-03-01): (Redacted) has decided to waive this EV2 item.
     9/XX/2018  5:24:56 PM 2 A 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257280           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.  Appraisal is dated after the incident with no damage noted.
     9/XX/2018  8:19:13 AM 3 C 8/XX/2018 CA Primary Purchase   C C B C C B A A Non QM Non QM No
206257280           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure x/xx/xxxx 12:00:00 AM was received. (Interim/[Redacted]) Missing proof of timely receipt   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  8:19:28 AM 2 B 8/XX/2018 CA Primary Purchase No Defined Cure C C B C C B A A Non QM Non QM No
206257280           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total [Redacted], while closing CD seller's fees total [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive this EV2 item.
     9/XX/2018  2:59:00 PM 1 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C C B C C B A A Non QM Non QM Yes
206257280           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing   Buyer Comment (2019-03-01): (Redacted) has elected to waive this EV2 item.
     9/XX/2018  2:59:35 PM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C C B C C B A A Non QM Non QM Yes
206257280           Compliance Compliance Federal Compliance 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. Zero Percent Fee Tolerance exceeded for Mortgage Broker Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Missing proof of valid change, insufficient or no cure was provided to the borrower.   Reviewer Comment (2019-03-01): Client indicated that fee was disclosed on first LE under different name. No tolerance violation exists after accounting for fee name change.


Buyer Comment (2019-03-01): The initial LE dated x/xx denotes the fee of $xx,xxx as LPC.  I don't understand what is not understood, there were several COC's etc.  Moreover there was a decrease in fees, which as previously stated does not implicate a tolerance issue under TRID.


Reviewer Comment (2019-03-01): (Redacted) received Changed Circumstance that indicated borrower requested a loan amount change and that the compensation changed from lender paid to borrower paid.  A justification was not provided for why the compensation changed.


Buyer Comment (2019-03-01): x/x/xxxx COC has been uploaded for your review.


Reviewer Comment (2019-03-01): Broker fee of $xx,xxx was added to the x/x/xx LE without a valid changed circumstance.  While the fee decreased from $xx,xxx on the final CD, there was never a valid reason to add the fee.  Baseline is $x.  Exception remains.


Buyer Comment (2019-03-01): A decrease in fees does not implicate a tolerance issue under TRID.  Please clear this exception. Thank you.
 9/XX/2018  6:56:23 PM     1 A 8/XX/2018 CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C C B C C B A A Non QM Non QM Yes
206257281           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.56840% or Final Disclosure APR of 6.58100% is in excess of allowable threshold of APOR 4.75% + 1.5%, or 6.25000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     8/XX/2018  9:02:01 AM 1 A 8/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206257281           Compliance Compliance Federal Compliance TIL Higher Priced Mortgage Loan Safe Harbor TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. Lender per appraisal is [Redacted].   Buyer Comment (2019-03-01): please waive
     09/04/2018 2 B 8/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206257281           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 6.56840% or Final Disclosure APR of 6.58100% is in excess of allowable threshold of APOR 4.75% + 1.5%, or 6.25000%.  Compliant Higher Priced Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     8/XX/2018  9:02:37 AM 1 A 8/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206257281           Compliance Compliance Federal Compliance 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.) (Final/ [Redacted]) Both Borrower and Seller CDs contain no seller paid fees. Per sales contract seller to pay for environmental report, termite report, escrow fee, owners title policy, county transfer tax, HOA transfer fee, HOA doc fees, termite clearance and home warranty.   Reviewer Comment (2019-03-01): Seller provided the initial CD dated (Redacted) e-signe don (Redacted)
 9/XX/2018  12:08:05 PM     1 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257281           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; borrower signed on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received initial CD electronically signed by Borrower on x/xx/xx.


Buyer Comment (2019-03-01): Please see ESIGN, CD reflecting CD was sent and received on (Redacted); please see NOTE reflecting subject closed on (Redacted), please see TRID CALCULATOR confirming the first available closing date is (Redacted) - please clear


Reviewer Comment (2019-03-01): Initial CD dated (Redacted) with cash to close in the amount of xxx,xxx.xx was not received at least x business days prior to close. Date received (Redacted). Exception remains


Buyer Comment (2019-03-01): Please see NOTE reflecting closing was x/xx, CD uploaded previously reflects borrower receipt x/xx - please clear


Reviewer Comment (2019-03-01): CD issue date (Redacted) > closing date less x days x/xx/xxxx and CD received date (Redacted) > CD less x days (Redacted). Exception remains.


Buyer Comment (2019-03-01): Please see ESIGN, CD
 9/XX/2018  2:48:06 PM     1 A 8/XX/2018 CA Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257281           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) Final LE issued on [Redacted] with no evidence of early receipt; borrower signed on [Redacted].   Reviewer Comment (2019-03-01): Seller provided the acknowledgement of the LE dated x/xx/xxxx.


Buyer Comment (2019-03-01): Please see LE ACKNOWLEDGEMENT OF RECEIPT, ESIGN
 9/XX/2018  12:20:36 PM     1 A 8/XX/2018 CA Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257281           Compliance Compliance Federal Compliance TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on [Redacted] reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (Final/[Redacted]) The final CD disclosed the Appraisal Fee and Credit Report Fee paid to the broker in Section B.   Buyer Comment (2019-03-01): please waive
     09/04/2018 2 B 8/XX/2018 CA Primary Purchase Good Faith Redisclosure C B A A C B A A Non QM Non QM Yes
206257281           Compliance Compliance Federal Compliance 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.) (Final/ [Redacted]) No Seller paid fees on Sellers CD or Borrowers CD however the pur[Redacted]contract states seller to pay for the environmental report, termite report,[Redacted] escrow fee, owners title insurance policy, county tax transfer, city tax transfer, HOA transfer fee, HOA doc fees, termite clearance and home warranty   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation & Corrected Closing Disclosure.


Buyer Comment (2019-03-01): Please see PCCD, LOX, LABEL
   9/XX/2018  2:49:02 PM   1 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257281           Compliance Compliance Federal Compliance TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on [Redacted] reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (Final/[Redacted]) Appraisal [Redacted], Credit report  [Redacted] and HOA cert [Redacted] paid to [Redacted].   Buyer Comment (2019-03-01): please waive
     9/XX/2018  6:48:08 PM 2 B 8/XX/2018 CA Primary Purchase Good Faith Redisclosure C B A A C B A A Non QM Non QM Yes
206257282           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Rental income calculation of [Redacted] is less than the lenders of [Redacted]   Reviewer Comment (2019-03-01): Qualification rate note rate or fully indexed rate for x year ARM.


Buyer Comment (2019-03-01): Please see REVISED xxxx reflecting DTI of xx.xx% only using income of $xxxx.xx for the Co borrower


Reviewer Comment (2019-03-01): Per FNMA when the use of Lease agreements for income(or Loss) Lender must calculate the rental income by multiplying the monthly rents by xx^ the remaining xx% of the gross rent will be absorbed bt the vacancy losses and ongoing maintenance expenses. Exception remains


Buyer Comment (2019-03-01): Please see GUIDELINES RENTAL INCOME reflecting #x on page xx of the uploaded guidelines reflects "Rental Income (REDACTED) be documented through leases (as opposed to tax returns). Further states that rental income (REDACTED) be included in the Borrower's income in the amount of documented with lease" ; guidelines do not state there is a hit for vacancy factor - please clear
 9/XX/2018  12:33:06 PM     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257282           Credit Credit AUS Discrepancy / Guidelines Discrepancy AUS Findings: All conditions were not met   Lender rental income calc is lower than ours, and thus DTI exceeds program max of [Redacted], no lender exception in file .Rental income calculation of [Redacted] is less than the lenders of [Redacted]   Reviewer Comment (2019-03-01): Qualification rate note rate or fully indexed rate for x year ARM.


Buyer Comment (2019-03-01): Please see REVISED xxxx reflecting DTI of xx.xx% only using income of $xxxx.xx for the Co borrower


Reviewer Comment (2019-03-01): Per FNMA when the use of Lease agreements for income(or Loss) Lender must calculate the rental income by multiplying the monthly rents by xx^ the remaining xx% of the gross rent will be absorbed bt the vacancy losses and ongoing maintenance expenses. Exception remains


Buyer Comment (2019-03-01): Please see GUIDELINES RENTAL INCOME reflecting #x on page xx of the uploaded guidelines reflects "Rental Income (REDACTED) be documented through leases (as opposed to tax returns). Further states that rental income (REDACTED) be included in the Borrower's income in the amount of documented with lease" ; guidelines do not state there is a hit for vacancy factor - please clear
 9/XX/2018  12:34:21 PM     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257282           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ Lender only provided [Redacted] (of [Redacted]) bank statements for [Redacted] income analysis.   Reviewer Comment (2019-03-01): Seller provided theXXXxxxx xx/xx/xxxx statement.


Buyer Comment (2019-03-01): Please seeXXXxxxx (REDACTED) xxxx


Reviewer Comment (2019-03-01): Missing the xx/xx/xxxx statement for business account xxxx. Exception remains.


Buyer Comment (2019-03-01): Please specify which bank statement you are missing
 9/XX/2018  12:26:37 PM     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257282           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing from file.   Buyer Comment (2019-03-01): please waive
     09/04/2018 2 B 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257282           Compliance Compliance Federal Compliance 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 Risk. DTI [Redacted]> [Redacted] as Rental income calculation of [Redacted] is less than the lenders of [Redacted]   Reviewer Comment (2019-03-01): Qualification rate note rate or fully indexed rate for x year ARM.


Buyer Comment (2019-03-01): Please see REVISED xxxx reflecting DTI of xx.xx% only using income of $xxxx.xx for the Co borrower


Reviewer Comment (2019-03-01): Per FNMA when the use of Lease agreements for income(or Loss) Lender must calculate the rental income by multiplying the monthly rents by xx^ the remaining xx% of the gross rent will be absorbed bt the vacancy losses and ongoing maintenance expenses. Exception remains


Buyer Comment (2019-03-01): Please see GUIDELINES RENTAL INCOME reflecting #x on page xx of the uploaded guidelines reflects "Rental Income (REDACTED) be documented through leases (as opposed to tax returns). Further states that rental income (REDACTED) be included in the Borrower's income in the amount of documented with lease" ; guidelines do not state there is a hit for vacancy factor - please clear
 9/XX/2018  12:34:07 PM     1 A 8/XX/2018 FL Primary Purchase Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM Yes
206257282           Compliance Compliance Federal Compliance 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 [Redacted]> [Redacted] as Rental income calculation of [Redacted] is less than the lenders of [Redacted]   Reviewer Comment (2019-03-01): Qualification rate note rate or fully indexed rate for x year ARM.


Buyer Comment (2019-03-01): Please see REVISED xxxx reflecting DTI of xx.xx% only using income of $xxxx.xx for the Co borrower


Reviewer Comment (2019-03-01): Per FNMA when the use of Lease agreements for income(or Loss) Lender must calculate the rental income by multiplying the monthly rents by xx^ the remaining xx% of the gross rent will be absorbed bt the vacancy losses and ongoing maintenance expenses. Exception remains


Buyer Comment (2019-03-01): Please see GUIDELINES RENTAL INCOME reflecting #x on page xx of the uploaded guidelines reflects "Rental Income (REDACTED) be documented through leases (as opposed to tax returns). Further states that rental income (REDACTED) be included in the Borrower's income in the amount of documented with lease" ; guidelines do not state there is a hit for vacancy factor - please clear
 9/XX/2018  12:34:07 PM     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257282           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Assumable ARM loan, final CD shows no assumption.   Buyer Comment (2019-03-01): please waive
     09/04/2018 2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257282           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Evidence of earlier receipt missing from file, initial CD not signed by borrowers.   Reviewer Comment (2019-03-01): Seller provided the initial CD dated x/xx/xxxx e-signed on x/xx//xxxx.


Buyer Comment (2019-03-01): Please see ESIGN, CD
 9/XX/2018  1:29:34 PM     1 A 8/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257282           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total [Redacted], while closing CD seller's fees total [Redacted]   Buyer Comment (2019-03-01): please waive
     09/04/2018 2 A 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257283           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy.       Reviewer Comment (2019-03-01): Seller provided business account for reserves xxxx


Buyer Comment (2019-03-01): I am calculating total assets as $xx,xxx (Account xxxx has a balance of $xx,xxx.xx but we only used xx% since its a business account. Account xxxx has an ending balance of $xx,xxx) See transaction history . Assets xx,xxx - cash to close xx,xxx.xx = x,xxx.xx / xxxx.xx = x.xx months in reserves. can you please confirm that you agree and I will request exception for the x.xx months in reserves vs the x months required


Reviewer Comment (2019-03-01): Verified assets xx,xxx.xx cash to close xx,xxx.xx verified reserves xxx.xx. Exception remains


Buyer Comment (2019-03-01): Can you provide calculation you used to determine reserves
 9/XX/2018  12:21:02 PM     1 A 8/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206257283           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.77240% or Final Disclosure APR of 6.78700% is in excess of allowable threshold of APOR 4.63% + 1.5%, or 6.13000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     8/XX/2018  9:19:34 AM 1 A 8/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206257283           Compliance Compliance Federal Compliance Income Data was not provided Income Source and Qualifying Monthly Income Amount are required. ([Redacted]) Income has not been verified by [Redacted] months bank statements.   Reviewer Comment (2019-03-01): Seller provided xx months business bank statements


Buyer Comment (2019-03-01): Uploaded Bank Statements
 9/XX/2018  12:11:20 PM     1 A 8/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206257283           Compliance Compliance Federal Compliance 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. Income has not been verified by [Redacted] months bank statements.   Reviewer Comment (2019-03-01): Lenders guidelines allow bank statement within xx days to meet income verification.


Reviewer Comment (2019-03-01): Escalated


Buyer Comment (2019-03-01): Why do you need the business registration for this finding?


Reviewer Comment (2019-03-01): Seller provided the bank statement however Seller provided a copy of the business registration dated xx/xx/xxxx not dated within xxx days prior to consummation. Exception remains


Buyer Comment (2019-03-01): Uploaded Bank Statements
 9/XX/2018  3:22:21 PM     1 A 8/XX/2018 NJ Primary Purchase Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM Yes
206257283           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - No Income Provided Ability to Repay (Dodd-Frank 2014): No income or assets converted to a monthly amount was provided to demonstrate ability to repay. Income has not been verified by [Redacted] months bank statements.   Reviewer Comment (2019-03-01): Seller provided the xx months business bank statements


Buyer Comment (2019-03-01): Uploaded Bank Statements
 9/XX/2018  12:12:15 PM     1 A 8/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206257283           Compliance Compliance Federal Compliance NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. General Ability-to-Repay requirements not satisfied   Reviewer Comment (2019-03-01): Lenders guidelines allow bank statement within xx days to meet income verification.
 9/XX/2018  10:53:09 AM     1 A 8/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206257283           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Prepaid Interest TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed prepaid interest under Prepaids that does not match calculated figures. (Final/[Redacted]) Other Costs: Final Closing Disclosure provided on [Redacted] disclosed prepaid interest under Prepaids that does not match calculated figures.   Buyer Comment (2019-03-01): waive
     9/XX/2018  2:07:57 PM 2 B 8/XX/2018 NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257283           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Valid CoC or cure was not provided for increase in fees.   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure provided.


Buyer Comment (2019-03-01): uploaded corrected PCCD/Label


Reviewer Comment (2019-03-01): (Redacted) received Post Close CD, Cure Check, Letter of Explanation and Proof of Delivery, Post Close CD is showing the lender paying for Title Exam and Wire Fee.  This needs to be reflected as borrower paid and then $xxx in lender credits should be shown in Section J along with the tolerance cure amount of $xxx. Please provide updated CD.


Buyer Comment (2019-03-01): Uploaded PCCD/LOX/Check and Label


Buyer Comment (2019-03-01): Uploaded PCCD/LOX


Reviewer Comment (2019-03-01): This is a valid exception with open exceptions relating to it.


Buyer Comment (2019-03-01): waive
   9/XX/2018  3:40:19 PM   2 B 8/XX/2018 NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257283           Compliance Compliance Federal Compliance 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]. Valid CoC or cure was not provided for increase in fees.   Reviewer Comment (2019-03-01): (Redacted) verified the addition of the Loan Discount fee was at lock in and disclosed properly on the final LE and the initial CD.


Reviewer Comment (2019-03-01): COC from x/xx/xx is not an acceptable or valid reason for the Lender Credit to be changed.  Please provide a valid reason or a refund is due.


Buyer Comment (2019-03-01): Uploaded COC dated x/xx, effective date x/xx. reflects interest rate lock


Reviewer Comment (2019-03-01): (Redacted) received a COC dated x/xx/xx, but effective x/xx/xx for the rate lock.  A reason for the Lender credit to be removed was not stated.  A rate lock is not a valid reason for the removal of a Lender Credit is needed to clear or a refund will be due.


Buyer Comment (2019-03-01): Uploaded COC x-xx
 9/XX/2018  5:06:42 PM     1 A 8/XX/2018 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
206257283           Compliance Compliance Federal Compliance 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. Valid CoC or cure was not provided for increase in fees.   Reviewer Comment (2019-03-01): (Redacted) verified the addition of the Loan Discount fee was at lock in and disclosed properly on the final LE and the initial CD.


Reviewer Comment (2019-03-01): No new documentation provided.


Buyer Comment (2019-03-01): Uploaded COC dated x/xx, effective date x/xx. reflects interest rate lock


Reviewer Comment (2019-03-01): (Redacted) received a COC dated x/xx/xx, but effective x/xx/xx for the rate lock.  A valid COC to add or increase the Loan Discount Fee on x/xx/xx is needed to clear.  If a valid COC is not available, a refund is due.


Buyer Comment (2019-03-01): Uploaded COC x-xx
 9/XX/2018  5:06:42 PM     1 A 8/XX/2018 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
206257283           Compliance Compliance Federal Compliance 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. Valid CoC or cure was not provided for increase in fees.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided


Buyer Comment (2019-03-01): uploaded corrected PCCD/Label


Reviewer Comment (2019-03-01): (Redacted) received Post Close CD, Cure Check, Letter of Explanation and Proof of Delivery, Post Close CD is showing the lender paying for Title Exam and Wire Fee.  This needs to be reflected as borrower paid and then $xxx in lender credits should be shown in Section J along with the tolerance cure amount of $xxx. Please provide updated CD.


Buyer Comment (2019-03-01): Uploaded PCCD/LOX/Check and Label


Buyer Comment (2019-03-01): Uploaded PCCD/LOX
   9/XX/2018  3:41:08 PM   2 B 8/XX/2018 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
206257283           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Examination Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Valid CoC or cure was not provided for increase in fees.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided


Buyer Comment (2019-03-01): uploaded corrected PCCD/Label


Reviewer Comment (2019-03-01): (Redacted) received Post Close CD, Cure Check, Letter of Explanation and Proof of Delivery, Post Close CD is showing the lender paying for Title Exam and Wire Fee.  This needs to be reflected as borrower paid and then $xxx in lender credits should be shown in Section J along with the tolerance cure amount of $xxx. Please provide updated CD.


Buyer Comment (2019-03-01): Uploaded PCCD/LOX/Check and Label


Buyer Comment (2019-03-01): Uploaded PCCD/LOX
   9/XX/2018  3:41:19 PM   2 B 8/XX/2018 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
206257283           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Income could not be calculated due to missing income documentation. Missing the [Redacted] months bank statements   Reviewer Comment (2019-03-01): Seller provided xx months business bank statements DTI x.xxxxx%


Buyer Comment (2019-03-01): Uploaded Bank Statements
 9/XX/2018  12:15:37 PM     1 A 8/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206257283           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - Bank Statements Ability to Repay (Dodd-Frank 2014): Unable to verify Bank Statement income using reasonably reliable third-party records. ([Redacted]) Unable to verify Bank Statement income using reasonably reliable third-party records. (XXX, [Redacted]/Bank Statements) Missing third party verification of employment within [Redacted] days of closing.   Reviewer Comment (2019-03-01): Lenders guidelines allow bank statement within xx days to meet income verification.


Reviewer Comment (2019-03-01): Escalated


Buyer Comment (2019-03-01): Why does the business registration need to be within xxx days of consummation? The entity can be and existing entity


Reviewer Comment (2019-03-01): Seller provided a copy of the business registration dated xx/xx/xxxx not dated within xxx days prior to consummation. Exception remains
 9/XX/2018  3:21:50 PM     1 A 8/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206257283           Compliance Compliance Federal Compliance 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. Based on the loan failing one or more guideline components, the loan is at ATR risk.Missing third party verification of employment within 120 days of closing. Missing 12 months bank statements   Reviewer Comment (2019-03-01): Lenders guidelines allow bank statement within 90 days to meet income verification.


Reviewer Comment (2019-03-01): Escalated


Buyer Comment (2019-03-01): Why does the business registration need to be within 120 days of consummation? The entity can be and existing entity


Reviewer Comment (2019-03-01): Seller provided a copy of the business registration dated xx/xx/xxxx not dated within xxx days prior to consummation. Exception remains


Buyer Comment (2019-03-01): Uploaded business license and bank statements
 9/XX/2018  3:22:04 PM     1 A 8/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206257283           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Seller's final CD contained additional fees of [Redacted] not reflected on the consumer's CD.   Buyer Comment (2019-03-01): waive
     9/XX/2018  2:08:27 PM 2 A 8/XX/2018 NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257283           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing the bank statement income worksheet as required per the [Redacted] loan program   Reviewer Comment (2019-03-01): Seller provided the business statements and income worksheet
 9/XX/2018  12:21:28 PM     1 A 8/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206257284           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Initial LE not provided in file; copy of another disclosure not provided in file.   Reviewer Comment (2019-03-01): LE provided
 9/XX/2018  11:09:55 AM     1 A 8/XX/2018 FL Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM Yes
206257284           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.92330% or Final Disclosure APR of 6.93800% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Non-Compliant Higher Priced Mortgage Loan. Disclosure reflects APR as [Redacted]; calculated is [Redacted]%; threshold is [Redacted].   Reviewer Comment (2019-03-01): Documents provided
 9/XX/2018  11:09:55 AM     1 A 8/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257284           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - HPML Status HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Initial LE not provided in file; copy of another disclosure not provided in file.   Reviewer Comment (2019-03-01): LE provided
 9/XX/2018  11:09:55 AM     1 A 8/XX/2018 FL Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM No
206257284           Compliance Compliance Federal Compliance 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 three (3) business days of application. Application date is [Redacted]; disclosure is dated 8/XX/18.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  1:15:08 PM 2 B 8/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257284           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Initial LE not provided in file; copy of another disclosure not provided in file.   Reviewer Comment (2019-03-01): LE provided
 9/XX/2018  11:09:55 AM     1 A 8/XX/2018 FL Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM Yes
206257284           Compliance Compliance Federal Compliance 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. Copy of disclosure not provided in file.   Reviewer Comment (2019-03-01): Document provided.
 9/XX/2018  11:09:55 AM     1 A 8/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257284           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Copy of disclosure or evidence of being provided not in file.   Reviewer Comment (2019-03-01): Document provided.
 9/XX/2018  11:09:55 AM     1 A 8/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257284           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Initial / Final CD dated [Redacted] is executed on [Redacted]; closing date is [Redacted].   Reviewer Comment (2019-03-01): Initial CD provided.
 9/XX/2018  11:09:55 AM     1 A 8/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257284           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. File missing any and all Loan Estimates.   Reviewer Comment (2019-03-01): LE provided.
 9/XX/2018  11:09:55 AM     1 A 8/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257284           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Seller paid fees on the buyers Closing Disclosure is $x; seller paid fees on the sellers Closing Disclosure is $[Redacted].  Seller paid fees not listed on the borrowers Final CD, Lien Search of $[Redacted], Owner's Policy of [Redacted], Settlement of $[Redacted], Doc Stamps of [Redacted] and Realtor Commissions of $[Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  9:40:54 AM 2 A 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257284           Compliance Compliance Federal Compliance 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. (Type:Primary/[Redacted]) Original appraisal dated [Redacted]; sent to borrower same date; updated appraisal dated [Redacted]; borrower did not waive right to receive.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  1:15:25 PM 2 B 8/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257284           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. Please provide Esign Consent Agreement as Initial CD was electronically signed.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  1:15:41 PM 2 B 8/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257285           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage of [Redacted] does not meet loan amount of [Redacted] or [Redacted] of the estimated replacement cost [Redacted]   Reviewer Comment (2019-03-01): Seller provided the RCE for xxx,xxx dated x/xx/xxxx.
 9/XX/2018  11:04:49 AM     1 A 8/XX/2018 DC Investment Refinance - Cash-out - Debt Consolidation   C A C A A A A A N/A N/A No
206257286           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-03-01): Seller provided the loan approval dated (Redacted) with a DTI of xx.xxx%
 9/XX/2018  10:30:02 AM     1 A 8/XX/2018 NY Primary Purchase   C B C A B B A A Non QM Non QM No
206257286           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.32950% or Final Disclosure APR of 6.34500% is in excess of allowable threshold of APOR 4.75% + 1.5%, or 6.25000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     8/XX/2018  2:03:41 PM 1 A 8/XX/2018 NY Primary Purchase   C B C A B B A A Non QM Non QM No
206257286           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Evidence of the NY Subprime Counseling Disclosure being provided to the borrower is missing.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  1:36:46 PM 2 B 8/XX/2018 NY Primary Purchase   C B C A B B A A Non QM Non QM No
206257286           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted]% + 1.75%, or [Redacted]%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  1:36:54 PM 2 B 8/XX/2018 NY Primary Purchase   C B C A B B A A Non QM Non QM No
206257287           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Reviewer Comment (2019-03-01): Seller provided the initial xxxx signed and dated on x/x/xxxx.
 9/XX/2018  4:01:56 PM     1 A 8/XX/2018 IL Primary Purchase   B A A A B A A A Non QM Non QM No
206257287           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total [Redacted], while closing CD seller's fees total [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     09/04/2018 2 A 8/XX/2018 IL Primary Purchase Letter of Explanation & Corrected Closing Disclosure B A A A B A A A Non QM Non QM Yes
206257288           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Guideline max is [Redacted] LTV, however lender provided exception in file. Borrower only has one late payment on credit 1x30 on a revolving account in XX/2017

Borrower has been self-employed as XXX for the past XXX years and in same line of work for 5 years

41% DTI on this full documentation loan < 50% guideline max - 9% below program guideline maximum.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     8/XX/2018  9:42:46 AM 2 B 8/XX/2018 NJ Primary Purchase   C B C B C A A A Non QM Non QM No
206257288           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy.   File missing evidence of $[Redacted] down payment.   Reviewer Comment (2019-03-01): Seller provided the x/x/xxxx statement for xxxx and xxxx balance less xxxxx gift an xxk emd.
 9/XX/2018  1:47:48 PM     1 A 8/XX/2018 NJ Primary Purchase   C B C B C A A A Non QM Non QM No
206257288           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing [Redacted] - Income Calculation Worksheet for determining qualifying income from bank statements.   Reviewer Comment (2019-03-01): Seller provided the SPA5 income calculator


Reviewer Comment (2019-03-01): No additional document has been uploaded. Exception remains


Reviewer Comment (2019-03-01): Seller provided page x of the calculator missing the analysis including the total deposits and amounts excluded from account xxxx. Exception remains
 9/XX/2018  10:06:37 AM     1 A 8/XX/2018 NJ Primary Purchase   C B C B C A A A Non QM Non QM No
206257288           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.33450% or Final Disclosure APR of 7.37800% is in excess of allowable threshold of APOR 4.75% + 1.5%, or 6.25000%.  Compliant Higher Priced Mortgage Loan. 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] + x.x%, or [Redacted]%. Compliant Higher Priced Mortgage Loan.   Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     8/XX/2018  9:29:57 AM 1 A 8/XX/2018 NJ Primary Purchase   C B C B C A A A Non QM Non QM No
206257288           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Valid CoC or cure not provided for increase in fees.   Reviewer Comment (2019-03-01): Seller provided the SSPL dated (Redacted).
 9/XX/2018  11:12:44 AM     1 A 8/XX/2018 NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C A A A Non QM Non QM Yes
206257288           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers.   Reviewer Comment (2019-03-01): Seller provided the SSPL dated (Redacted).
 9/XX/2018  11:12:44 AM     1 A 8/XX/2018 NJ Primary Purchase No Defined Cure C B C B C A A A Non QM Non QM No
206257288           Compliance Compliance Federal Compliance 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. Fee was not disclosed on Loan Estimate.   Reviewer Comment (2019-03-01): Seller provided the SSPL dated (Redacted).
 9/XX/2018  11:12:44 AM     1 A 8/XX/2018 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 B C A A A Non QM Non QM Yes
206257288           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Examination Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Fee was not disclosed on Loan Estimate.   Reviewer Comment (2019-03-01): Seller provided the SSPL dated (Redacted).
 9/XX/2018  11:12:44 AM     1 A 8/XX/2018 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 B C A A A Non QM Non QM Yes
206257289           Compliance Compliance Federal Compliance 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.) (Final/ [Redacted]) Neither Borrower CD nor Seller CD contain seller paid fees. Sales contract states seller to pay seller paid escrow fees, county transfer tax and home warranty.   Reviewer Comment (2019-03-01): (Redacted) recieived corrected CD and letter of explanation.


Buyer Comment (2019-03-01): Uploaded PCCD/Refund
   9/XX/2018  6:51:15 PM   1 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257289           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Field not completed on pg. x of final CD, blank.   Buyer Comment (2019-03-01): waive
     9/XX/2018  11:05:59 AM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257289           Compliance Compliance Federal Compliance 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. 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.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, shipment label, Copy of Refund Check, and Corrected CD.  Tracking indicates shipping label was shipped x/xx/xxxx @ x:xxpm.


Buyer Comment (2019-03-01): The package is in transit to the borrower. UPS picked it up at x:xxPM on x/xx. Please clear


Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, shipment label, Copy of Refund Check, and Corrected CD.  Tracking indicates shipping label was created, but package was not shipped to borrower.  Exception will be cured when package is in transit to borrower.


Buyer Comment (2019-03-01): Uploaded PCCD/Refund
   9/XX/2018  9:24:07 AM   2 B 8/XX/2018 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
206257289           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. (Final/[Redacted]) Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Finance Charge of [Redacted]; the calculated finance charge is [Redacted], a difference of [Redacted].  The Notary fee ($[Redacted]), Recording Service fee ([Redacted]) and Title Service Charges ($[Redacted]) were omitted from the Finance Charge.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, shipment label, Copy of Refund Check, and Corrected CD.  Tracking indicates shipping label was shipped x/xx/xxxx @ x:xxpm.


Buyer Comment (2019-03-01): The package is in transit to the borrower. UPS picked it up at x:xxPM on x/xx. Please clear


Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, shipment label, Copy of Refund Check, and Corrected CD.  Tracking indicates shipping label was created, but package was not shipped to borrower.  Exception will be cured when package is in transit to borrower.


Buyer Comment (2019-03-01): Also, the final CD reflects the cure in the closing costs on pg 2. This should be cleared


Buyer Comment (2019-03-01): Uploaded PCCD/Refund
   9/XX/2018  9:24:18 AM   2 B 8/XX/2018 CA 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 B C A C B A A Non QM Non QM Yes
206257289           Credit Credit Miscellaneous Credit Exception:   [Redacted] guidelines require final Settlement Statement for sold property, SS in file for [Redacted] is estimated.   Reviewer Comment (2019-03-01): Seller provided the final SS dated (Redacted) netting xxx,xxx.xx.
 9/XX/2018  11:37:45 AM     1 A 8/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257289           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Closing Costs Exceeds Limits Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. (Final/[Redacted]) Valid, pg. x of final CD shows [Redacted] over limit, pg. x field is blank.   Reviewer Comment (2019-03-01): (Redacted) received letter of explanation and corrected closing disclosure.


Buyer Comment (2019-03-01): Uploaded PCCD/Refund


Reviewer Comment (2019-03-01): The issue is: tolerance cure of $x.xx is included on page x and page x, however missing on page x.  Corrected CD and Letter of Explanation is required to cure.


Buyer Comment (2019-03-01): Uploaded change request email and coc


Reviewer Comment (2019-03-01): Seller provided the COC with change x/xx/xxxx CD dated x/xx/xxxx for loan amount decrease - COC is not within x days of change.Exception remains


Buyer Comment (2019-03-01): Uploaded COC that reflects change in loan amount. Loan amount was changed from $xxxK to $xxxK
   9/XX/2018  6:55:35 PM   2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257289           Compliance Compliance Federal Compliance 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]. Final CD is prepared incorrectly and missing Lender tolerance credit on page x within calculating cash to close of [Redacted]   Reviewer Comment (2019-03-01): Valid COC for loan amount change provided.


Buyer Comment (2019-03-01): Uploaded email to lock requesting change in loan amount and COC


Reviewer Comment (2019-03-01): Seller provided the COC with change x/xx/xxxx CD dated x/xx/xxxx for loan amount decrease - COC is not within x days of change.Exception remains


Buyer Comment (2019-03-01): Uploaded COC that reflects change in loan amount. Loan amount was changed from $xxxK to $xxxK
 9/XX/2018  2:57:26 PM     1 A 8/XX/2018 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
206257289           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Assumable ARM loan, however final CD shows no assumption.   Reviewer Comment (2019-03-01): (Redacted) received letter of explanation and corrected closing disclosure.


Buyer Comment (2019-03-01): Uploaded PCCD/Refund
   9/XX/2018  6:56:08 PM   2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257289           Compliance Compliance Federal Compliance TRID non-compliant: Fees were not reflected in the correct section of the disclosure.   The borrower did not shop for services, using the provider identified in the SSPL provided on [Redacted]; the Title fees in Section C of the CD should be in section B.   Buyer Comment (2019-03-01): waive


Reviewer Comment (2019-03-01): Corrected CD provided did not move fees to section B of the CD.


Buyer Comment (2019-03-01): Uploaded PCCD/Refund
     9/XX/2018  8:58:46 AM 2 B 8/XX/2018 CA Primary Purchase Good Faith Redisclosure C B C A C B A A Non QM Non QM Yes
206257289           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing third party verification within [Redacted] days of closing for C-corp income.   Reviewer Comment (2019-03-01): third party verification provided;.


Buyer Comment (2019-03-01): Verification uploaded.
 2/XX/2019  7:11:39 PM     1 A 8/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257290           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): Waived, Level 2
     9/XX/2018  1:19:25 PM 2 B 8/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257290           Compliance Compliance Federal Compliance 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.) (Final/ [Redacted]) Seller paid fees not provided.   Reviewer Comment (2019-03-01): Seller CD provided.


Buyer Comment (2019-03-01): Uploaded for your review: PCCD;LOX;Label


Reviewer Comment (2019-03-01): No seller paid costs on the seller CD - Per the sales contract seller to pay: Doc stamps, owners policy, title searches, lien search, HOA estoppel fees, recording ans seller attorney fees. Exception remains


Buyer Comment (2019-03-01): Uploaded For your review proof of receipt of CD
 9/XX/2018  4:01:49 PM     1 A 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257290           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; borrower signed on [Redacted].   Reviewer Comment (2019-03-01): Seller provided the disclosure tracking for the initial CD with electronic receipt on x/xx/xxxx.


Buyer Comment (2019-03-01): Uploaded for review
 9/XX/2018  1:48:16 PM     1 A 8/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257290           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Buyer's Final CD does not reflect any seller paid fees   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure
   9/XX/2018  4:02:36 PM   2 A 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257291           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) The final CD disclosed that the loan is not assumable; the note disclosed that the loan is assumable.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     9/XX/2018  5:12:58 PM 2 B 8/XX/2018 NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257291           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; the borrower signed on [Redacted].   Reviewer Comment (2019-03-01): Seller provided the tracking disclosure for the initial CD with electronic receipt dated x/xx/xxxx.


Buyer Comment (2019-03-01): CD Tracking
 9/XX/2018  5:12:35 PM     1 A 8/XX/2018 NJ Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257291           Compliance Compliance Federal Compliance 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. 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.       8/XX/2018  3:13:17 PM   1 A 8/XX/2018 NJ Primary Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
206257291           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Charge-offs / Balance:  [Redacted] Unable to locate evidence that the judgment disclosed on the credit report was satisfied.   Reviewer Comment (2019-03-01): Judgement was included in Chapter x BK per Schedule F lusted creditor XXXfor xxx,xxx.xx.


Buyer Comment (2019-03-01): This was included in Chapter x BK  *See BK list provided*
 9/XX/2018  3:40:43 PM     1 A 8/XX/2018 NJ Primary Purchase   C B C B C B A A Non QM Non QM No
206257291           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     9/XX/2018  5:13:27 PM 2 B 8/XX/2018 NJ Primary Purchase   C B C B C B A A Non QM Non QM No
206257291           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the decrease to the Lender Credit.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     9/XX/2018  5:13:41 PM 2 B 8/XX/2018 NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257291           Compliance Compliance Federal Compliance 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 LE issued on [Redacted] decreased the Lender Credit without a valid change of circumstance.   Reviewer Comment (2019-03-01): COC provided. Rate re-lock to lower rate


Buyer Comment (2019-03-01): COC (Loan amount), LE x/xx


Buyer Comment (2019-03-01): COC (Loan amount)


Reviewer Comment (2019-03-01): Seller provided a COC for rate lock however the loan amount did not change. Exception remains


Buyer Comment (2019-03-01): COC
 9/XX/2018  3:25:51 PM     1 A 8/XX/2018 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 B C B A A Non QM Non QM Yes
206257291           Compliance Compliance Federal Compliance 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. The CD issued on [Redacted] increased the Credit Report Fee without a valid change of circumstance.  A tolerance cure was provided for this increase.   Reviewer Comment (2019-03-01): COC provided. Rate re-lock to lower rate


Buyer Comment (2019-03-01): See Lender credit  Executed CD Line J


Reviewer Comment (2019-03-01): Credit for x.xx is insufficient to cure all open tolerance exceptions


Buyer Comment (2019-03-01): See Executed CD line J (Lender credit)


Buyer Comment (2019-03-01): Requested
 9/XX/2018  3:25:51 PM     1 A 8/XX/2018 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 B C B A A Non QM Non QM Yes
206257291           Credit Credit Miscellaneous Missing Document: Credit Payoff Statement(s) not provided   Final [Redacted] reflects several installment and revolving accounts excluded from debt ration, file is missing documentation to support the payoff of these accounts prior to or at closing   Reviewer Comment (2019-03-01): Lender has provided a Lender exception for a xx.xxx% DTI and included the payments in the ratios


Buyer Comment (2019-03-01): Exception Approval revision


Reviewer Comment (2019-03-01): Using most conservative method for OT income based on x year average being x,xxx.xx, other income calculations were as follows: YTD xxxx.xx, x yr xxxx.xx, xyr+YTD xxxx.xx and xyr+YTD xxxx.xx.


Buyer Comment (2019-03-01): xxxx only has x months of pay stubs so how can we say the bonus income is decreasing? Moreover xxxx increased from xxxx, therefore the most conservative given the decline would be a xyr+YTD average based on your methodology.  Please advise and Thanks


Reviewer Comment (2019-03-01): XXX #xxxx on most recent credit report dated xx/xx/xxxx doesn't show as a debt, so I did not include in DTI. I'm fine with including since it's on the initial CBR. The bonus income is the larger difference. xyr average is $xxxx.xx, x yr average is $xxxx.xx and YTD is $xxxx.xx, which YTD bonus income is decreasing from xyr average, so we use the more conservative of xyr average. DTI is xx.xxx% with including XXX payment of $xx.xx and xyr avg bonus income of $xxxx.xx.


Buyer Comment (2019-03-01): XXX #xxxx is included in DTI...Year x was $xx,xxx based on xx months.  YTD date bonus is based on x.xx months which would equate to $x,xxx.xx per month bonus.  When doing an overall calculation the bonus income would be $x,xxx.xx ($xx,xxx + $xx,xxx + $xx,xxx = $xx,xxx/xx.xx months = $x,xxx.xx) Please clear


Reviewer Comment (2019-03-01): Difference is Bx bonus income used is xyr average for $xxxx.xx, not xyr +YTD. Bonus income decreased from year x to YTD. Also, most recent credit report shows no balance or payment for XXX, which was not included in DTI.


Buyer Comment (2019-03-01): (Redacted) has calculated income at $xx,xxx.xx // Borrower $x,xxx base + $x,xxx.xx bonus= $xxx,xxx.xx // Co-Borrower $x,xxxx.xx base + $xxx.xx OT = $x,xxx.xx for total combined income of $xx,xxx.xx.  The monthly debt is calculated at $x,xxx.xx which is PITIA $x,xxx.xx and Other Payments $x,xxx (-xxx was included for the investment property on XXX).  Our DTI is calculating to be xx.xxx, please re-review and advise.  Thank you.


Reviewer Comment (2019-03-01): INcluding debt to DTI results in a DTI of xx.xxx%, lender exception is for xx.xxx%. Exception remains.


Buyer Comment (2019-03-01): Exception Approval


Reviewer Comment (2019-03-01): Please provide evidence of payoff for the following accounts prior to close:XXXxx,xxx,  xx,xxx,xxxx xxxx,  xxxx,XXXxxxx and XXX xxxxx. These do not line up with creditors on schedule F of BK please provide evidence of payment. Exception remains


Buyer Comment (2019-03-01): COC, BK List
 10/XX/2018  4:51:44 PM     1 A 8/XX/2018 NJ Primary Purchase   C B C B C B A A Non QM Non QM No
206257291           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Lender approved No credit late payments in the past 36 months since Ch 7 Bankruptcy discharge on XX/2015

Credit score 706, 66 points > program requirements of 640

17 months reserves > 6 months guideline minimum

XX% LTV < 75% guideline max		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     10/XX/2018  5:04:46 PM 2 B 8/XX/2018 NJ Primary Purchase   C B C B C B A A Non QM Non QM No
206257292           Credit Borrower and Mortgage Eligibility Borrower Eligibility Guideline Issue: Number of properties financed exceeds amount allowed by guidelines.   Lender approved exception to allow borrower with [Redacted] loans with [Redacted] ([Redacted] currently in process and x already closed) vs program maximum of x loans. Borrower has been self employed as XXX for the past 3 years

Borrower has very low balance to limit ratios on all revolving account

Borrower's only late on credit report was 12 months ago (XX/2017)

DSC of 124% > program requirement of 100%

73.03 months reserves > program requirement of 3 months

LTV of 70% < program maximum of 75%

Borrower has less than $4 million outstanding to XXX vs program maximum of $5 million		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     8/XX/2018  8:51:56 AM 2 B 7/XX/2018 NJ Investment Refinance - Cash-out - Other   C B C B     A A     No
206257292           Credit System General Insurance address does not match Note address.   Insurance shows address as [Redacted] XXX #[Redacted]. The note and other documents reflect [Redacted]   Reviewer Comment (2019-03-01): Property is attached unit for multiple units on same lot therefore legal description refers different mailing address for the same lot. After further review Issue cleared.


Buyer Comment (2019-03-01): Attached is the title report.  This property is a multiple unit dwelling.  There are several legal addresses including but not limited to xxx-xxx (REDACTED); xxx (REDACTED) and xxx (REDACTED).  The HOI is merely denoting the additional unit.  Please clear this exception.
 8/XX/2018  10:22:47 AM     1 A 7/XX/2018 NJ Investment Refinance - Cash-out - Other   C B C B     A A     No
206257293           Credit Loan Package Documentation Closing / Title Missing Document: Closing Protection Letter not provided   Exception for missing E&O policy with minimum coverage of [Redacted] per claim and [Redacted] in aggregate with a deductible of no more than [Redacted]. The title insurer must have an "A" or better rating from [Redacted] rating service.   Reviewer Comment (2019-03-01): Seller provided the E&O policy with x,xxx,xxx in coverage and x,xxx deductible


Buyer Comment (2019-03-01): uploaded EO
 8/XX/2018  3:10:38 PM     1 A 7/XX/2018 NY Investment Purchase   C A C A     A A     No
206257294           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Lender approved exception for credit score below guideline minimum. Borrower is self employed as XXX and in same line of work for 40 years. Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factor.


Buyer Comment (2019-03-01): Please see APPROVED EXCEPTION
     9/XX/2018  4:25:32 PM 2 B 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257294           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): please waive
     9/XX/2018  4:45:08 PM 2 B 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257294           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; the borrower signed on [Redacted].   Reviewer Comment (2019-03-01): Seller provided the initial CD e-signed on x/xx/xxxx.


Buyer Comment (2019-03-01): please see CD, ESIGN
 9/XX/2018  4:23:18 PM     1 A 8/XX/2018 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257294           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Per the lender's [Redacted], the borrower owns [Redacted] of the company.  It does not appear that the lender applied the [Redacted] expense factor in their bank statement analysis.  A CPA letter was not provided. 153.17 months reserves > 3 months guideline minimum

Borrower is self employed as XXX in same line of work for 40 years.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.


Buyer Comment (2019-03-01): Please see APPROVED REVISED EXCEPTION


Reviewer Comment (2019-03-01): Unable to gross up SSI as income would be taxable due to borrowers reportable income of xx,xxx in (REDACTED) and xx,xxx.xx self employment per bank statements. Exception remains


Buyer Comment (2019-03-01): Using SS/Disablity of $xxxx grossed up xxxx% = $xxxx.xx results in revised DTI of xx.xx%; FNMA guidelines allow for the grossing up of (REDACTED)/(REDACTED) income; If you cannot clear please provide detailed calculation - thanks


Reviewer Comment (2019-03-01): Lender is utilizing SSI in the amount of xxxx.xx however award letter is documented as xxxx.xx please provide evidence of the receipt of xxxx.xx a month in SSI. Exception remains


Buyer Comment (2019-03-01): Please see REVISED xxxx,REVISED xxxx, INCOME CALCULATOR xxxx and INCOME CALCULATOR xxxx resulting in DTI of xx.xxx%
     9/XX/2018  11:43:41 AM 2 B 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257294           Compliance Compliance Federal Compliance 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 Risk. The ATR is at risk due to excessive DTI.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.


Buyer Comment (2019-03-01): Please see APPROVED REVISED EXCEPTION


Reviewer Comment (2019-03-01): Unable to gross up SSI as income would be taxable due to borrowers reportable income of xx,xxx in (REDACTED) and xx,xxx.xx self employment per bank statements. Exception remains


Buyer Comment (2019-03-01): Using SS/Disablity of $xxxx grossed up xxxx% = $xxxx.xx results in revised DTI of xx.xx%; FNMA guidelines allow for the grossing up of (REDACTED)/(REDACTED) income; If you cannot clear please provide detailed calculation - thanks


Reviewer Comment (2019-03-01): Lender is utilizing SSI in the amount of xxxx.xx however award letter is documented as xxxx.xx please provide evidence of the receipt of xxxx.xx a month in SSI. Exception remains


Buyer Comment (2019-03-01): Please see REVISED xxxx,REVISED xxxx, INCOME CALCULATOR xxxx and INCOME CALCULATOR xxxx resulting in DTI of xx.xxx%
 9/XX/2018  11:45:09 AM     1 A 8/XX/2018 FL Primary Purchase Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
206257294           Compliance Compliance Federal Compliance 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. The ATR is at risk due to excessive DTI.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.


Buyer Comment (2019-03-01): Please see APPROVED REVISED EXCEPTION


Reviewer Comment (2019-03-01): Unable to gross up SSI as income would be taxable due to borrowers reportable income of xx,xxx in (REDACTED) and xx,xxx.xx self employment per bank statements. Exception remains


Buyer Comment (2019-03-01): Using SS/Disablity of $xxxx grossed up xxxx% = $xxxx.xx results in revised DTI of xx.xx%; FNMA guidelines allow for the grossing up of (REDACTED)/(REDACTED) income; If you cannot clear please provide detailed calculation - thanks


Reviewer Comment (2019-03-01): Lender is utilizing SSI in the amount of xxxx.xx however award letter is documented as xxxx.xx please provide evidence of the receipt of xxxx.xx a month in SSI. Exception remains


Buyer Comment (2019-03-01): Please see REVISED xxxx,REVISED xxxx, INCOME CALCULATOR xxxx and INCOME CALCULATOR xxxx resulting in DTI of xx.xxx%
 9/XX/2018  11:45:09 AM     1 A 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257294           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The Borrower's CD did not disclose the seller paid fees, which have been added for testing.   Buyer Comment (2019-03-01): please waive
     9/XX/2018  4:39:45 PM 2 A 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257294           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.63910% or Final Disclosure APR of 6.64600% is in excess of allowable threshold of APOR 4.74% + 1.5%, or 6.24000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  9:53:03 AM 1 A 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257294           Compliance Compliance Federal Compliance TILA NMLSR - Originator Company NMLS information on documents does not match NMLS website Truth in Lending Act (NMLSR Dodd- Frank 2014):  Loan Originator Organization NMLS information on loan documents does not match NMLS. Broker company NMLS ID of [Redacted] that is disclosed on documents does not belong to the originating company.  Per the NMLS web site, the company's NMLS ID is [Redacted]   Reviewer Comment (2019-03-01): Seller provided the revised xxxx,bote and security agreement with Broker NMLS # xxxxxx matching web site.


Buyer Comment (2019-03-01): Please see LABEL and CORRECTED DOCS confirm sent to borrower
 9/XX/2018  11:27:02 AM     1 A 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM Yes
206257294           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) The final CD disclosed that the loan is not assumable; the note disclosed that the loan is assumable.   Buyer Comment (2019-03-01): please waive
     9/XX/2018  4:39:30 PM 2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257294           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.       Reviewer Comment (2019-03-01): Seller provided the revised HOI with the mortgagee clause including ISAOA.


Buyer Comment (2019-03-01): Please see REVISED HOI
 9/XX/2018  5:45:07 PM     1 A 8/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257295           Credit System General Insurance address does not match Note address.   Insurance reflects subject address of [Redacted] XXX. The note verifies shows [Redacted]   Reviewer Comment (2019-03-01): Seller provided LOX from title company address is one and the same - per USPS borrower receives mail and both address as they are the same.


Buyer Comment (2019-03-01): Address Affidavit from Title provided as trailing doc reflecting address noted is one and the same.


Reviewer Comment (2019-03-01): Per USPS.com xxxx E (REDACTED) #xxxx (REDACTED) xxxxx also match the property and would be acceptable.


Buyer Comment (2019-03-01): We would like to confirm that this exception will be cleared obtaining the updated HOI showing the address of xxxx E (REDACTED) #xxxx?  USPS shows this to be the correct address for the x unit subject.  Prelim shows the address commonly known as: xxxx-xxxx E (REDACTED), XXX, TN xxxxx which is how we have the signed Note.
 9/XX/2018  11:16:10 AM     1 A 7/XX/2018 TN Investment Refinance - Cash-out - Other   C A C A     A A     No
206257295           Credit System General Flood Certificate Subject Address does not match Note address.   Flood determination reflects subject address of [Redacted].   Reviewer Comment (2019-03-01): Seller provided LOX from title company address is one and the same - per USPS borrower receives mail and both address as they are the same.


Buyer Comment (2019-03-01): Address Affidavit from Title provided as trailing doc reflecting address noted is one and the same.


Reviewer Comment (2019-03-01): Per USPS.com xxxx E (REDACTED) #xxxx (REDACTED) xxxxx also match the property and would be acceptable.


Buyer Comment (2019-03-01): We would like to confirm that this exception will be cleared obtaining the updated Flood showing the address of xxxx E (REDACTED) #xxxx?  USPS shows this to be the correct address for the x unit subject.  Prelim shows the address commonly known as: xxxx-xxxx E (REDACTED), XXX, TN xxxxx which is how we have the signed Note.
 9/XX/2018  11:16:15 AM     1 A 7/XX/2018 TN Investment Refinance - Cash-out - Other   C A C A     A A     No
206257295           Credit System General Valuation address does not match Note address. Valuation Type: Appraisal / Valuation Report Date: [Redacted], Valuation Type: Desk Review / Valuation Report Date: [Redacted] Appraisal and desk review reflect subject address of [Redacted]. The note verifies shows [Redacted].   Reviewer Comment (2019-03-01): Seller provided LOX from title company address is one and the same - per USPS borrower receives mail and both address as they are the same.


Buyer Comment (2019-03-01): Address Affidavit from Title reflecting address is one and the same.
 9/XX/2018  11:16:20 AM     1 A 7/XX/2018 TN Investment Refinance - Cash-out - Other   C A C A     A A     No
206257296           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Lender approved exception to allow LTV of [Redacted] vs program maximum of [Redacted]. XXX

Borrower is self-employed as XXX

Borrower has one opened nine new accounts since bankruptcy 7 discharge (XXX/2015) all reporting paid as agreed

DSC of 154% > program requirement of 110%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this requirement based on compensating factors.
     8/XX/2018  11:30:55 AM 2 B 8/XX/2018 IL Investment Refinance - Cash-out - Other   C B C B     A A     No
206257297           Credit Credit Miscellaneous Credit Exception:   Lender Approved Exception - Loan amount is [Redacted]  vs program minimum of [Redacted]   Reviewer Comment (2019-03-01): Loan amount is xx,xxx.xx note dated x/xx/xxxx minimum loan amount xx,xxx.


Reviewer Comment (2019-03-01): Incorrectly waived


Reviewer Comment (2019-03-01): (Redacted) has elected to waive this requirement based on compensating factors.
 9/XX/2018  9:05:03 AM     1 A 8/XX/2018 PA Investment Refinance - Cash-out - Other   C A C A     A A     No
206257297           Credit Guideline Guideline Issue Aged document: Primary Valuation is older than guidelines permit Valuation Type: Appraisal / Valuation Report Date: [Redacted] Appraisal report date  [Redacted] consummation date  [Redacted]   Reviewer Comment (2019-03-01): Appraisal report date x/xx/xxxx


Buyer Comment (2019-03-01): New Appraisal
 8/XX/2018  4:39:49 PM     1 A 8/XX/2018 PA Investment Refinance - Cash-out - Other   C A C A     A A     No
206257297           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy.   LTV is based on appraisal value in file of $[Redacted].   Reviewer Comment (2019-03-01): Seller provided the xxx,xxx appraisal used to determine the LTV
 8/XX/2018  4:39:13 PM     1 A 8/XX/2018 PA Investment Refinance - Cash-out - Other   C A C A     A A     No
206257297           Property Property - Appraisal Appraisal Reconciliation Desk Review value is less than Appraised value by at least 10%.   Desk review [Redacted] appraisal [Redacted]   Reviewer Comment (2019-03-01): Seller provided a desk review for xxx,xxx dated x/x/xxxx.


Buyer Comment (2019-03-01): CDA uploaded
 9/XX/2018  3:41:51 PM     1 A 8/XX/2018 PA Investment Refinance - Cash-out - Other   C A C A     A A     No
206257297           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy.       Reviewer Comment (2019-03-01): Most reliable appraisal value used of xxx,xxx due to previous appraisal for xx,xxx had expired.


Buyer Comment (2019-03-01): The xst appraisal is expired thats why a xnd one was obtained


Reviewer Comment (2019-03-01): CDA was provided for appraisal with value of xxxk within xx% however per guides section xx.xx Appraised value if two appraisals are obtained the value front the appraisal report among the two appraisal reports which indicates the lower value is to be used.


Buyer Comment (2019-03-01): Why is this exception added on x/xx when non expired appraisal for $xxxK and matching CDA has been uploaded. By my calc the LTV is xx% and you cleared the previous exceptions. Please cure
 9/XX/2018  11:16:12 AM     1 A 8/XX/2018 PA Investment Refinance - Cash-out - Other   C A C A     A A     No
206257298           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   The Lender's Initial 1003 was missing from file, however, the Creditor Application Date was obtained through other documentation in file.   Buyer Comment (2019-03-01): Waived, Level 2
     9/XX/2018  5:25:07 PM 2 B 8/XX/2018 FL Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257298           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. No evidence provided in file to confirm what the Loan Originator/Broker's compensation was based upon.   Buyer Comment (2019-03-01): Wived, Level 2
     9/XX/2018  5:25:23 PM 2 B 8/XX/2018 FL Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257298           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) The monthly escrow payment consisting of homeowner's insurance, flood insurance and property taxes is a total of $[Redacted]. This monthly cost over a x year period calculates to a total of $[Redacted].   Reviewer Comment (2019-03-01): (Redacted) received letter of explanation and corrected CD.


Buyer Comment (2019-03-01): PCCD-LOX uploaded for your review.
   9/XX/2018  4:57:50 PM   2 B 8/XX/2018 FL Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257298           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The Title - Lender's Title Insurance fee increased significantly since the initial disclosure of fees to the Borrower with no valid change of circumstance documented in file and no evidence of cure provided to Borrower.   Buyer Comment (2019-03-01): Waived, Level 2
     9/XX/2018  5:25:51 PM 2 B 8/XX/2018 FL Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257298           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $xx,xxx.xx exceeds tolerance of $x,xxx.xx plus 10% or $x,xxx.xx.  Insufficient or no cure was provided to the borrower. (0) The Title - Lender's Title Insurance fee increased significantly since the initial disclosure of fees to the Borrower with no valid change of circumstance documented in file and no evidence of cure provided to Borrower.   Reviewer Comment (2019-03-01): Seller provided the LOX, proof of delivery(delivered x/xx/xxxx@xx:xxam), refund check xxxx.xx dated x/xx/xxxx and PCCD.


Buyer Comment (2019-03-01): For your review: Proof that USPS package was picked up for delivery


Reviewer Comment (2019-03-01): Seller provided copy of the refund check for xxxx.xx however UPS label does not provide proof of receipt as of x/xx/xxxx x:xxPM EST order has been processed and ready for UPS not picked up.


Buyer Comment (2019-03-01): Label and check


Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Check Ledger / Check Memo, and Corrected CD dated xx/xx/xxxx.  Copy of actual check is required to cure.  If copy is not available copy of check deposited is sufficient.


Buyer Comment (2019-03-01): Revised PCCD/LOX/Label uploaded.  Additional proof of the refund check also uploaded (bank clearance and issuance)


Reviewer Comment (2019-03-01): (Redacted) received copy of LOE, corrected CD, copy of check memo, and proof of delivery.  Provided CD shows lender title fee reduced in borrower's column and the cure amount in the paid by others column.  Corrected CD should show entire amount paid by borrower with the tolerance cure in section J.  Corrected CD and copy of check required to cure.


Buyer Comment (2019-03-01): PCCD-LOX-Refund-Label uploaded for your review.


Reviewer Comment (2019-03-01): Baseline used for Title - Lender's Title Insurance is LE dated x/xx/xx. Without a valid COC increasing the fee, a cure of $x,xxx.xx is due.  (total of xx% tolerance fees baseline $x,xxx.xx x xx% = $x,xxx.xx - total on final CD $xx,xxx.xx = $x,xxx.xx).


Buyer Comment (2019-03-01): I am reviewing CD's dated xx/xx/xxxx (page #xxx)  and CD dated x/xx (page #xxx) and am calculating a cure of $x,xxx.xx.
Please  confirm.
   9/XX/2018  11:34:59 AM   2 B 8/XX/2018 FL 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 B C B A A Non QM Non QM Yes
206257298           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Primary/[Redacted]) There is no documentation provided in file to confirm Borrower was provided a copy of the primary appraisal valuation.   Buyer Comment (2019-03-01): Waived, Level 2
     9/XX/2018  5:26:03 PM 2 B 8/XX/2018 FL Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257298           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Additional/[Redacted]) There is no documentation provided in file to confirm Borrower was provided a copy of the xnd appraisal valuation.   Buyer Comment (2019-03-01): Waived, Level 2
     9/XX/2018  5:26:12 PM 2 B 8/XX/2018 FL Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257298           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Final/[Redacted]) The evidence of insurance in file indicates the annual premium is [Redacted] which calculates to a monthly expense of [Redacted], however, the [Redacted] month premium disclosed in the prepaid section of the final CD is $[Redacted].   Buyer Comment (2019-03-01): Waived, Level 2
     9/XX/2018  5:26:28 PM 2 B 8/XX/2018 FL Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257298           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Issue:  Refinance seasoning requirements not met   Guidelines requires that at least one of the Borrower's must have been an XXX the subject property throughout the x month period preceding the date of the loan, however, the subject was purchased by XXX on [Redacted]. This business was originally owned [Redacted] by the Borrower, however, in XXX [Redacted] ownership was transferred to the Borrower's spouse. Title is being transferred from XXXXXX to the Borrower's name as part of this transaction. A Lender Acknowledged Exception to this guideline was granted. No late payments on credit and no public records. Mortgage history is paid as agreed on credit with a 19 months history

Borrower has employment stability for 13 years with XXX.

Credit Score 764, 64 points > program requirement of 740.

7.1745% DTI on this full documentation loan < 50% guideline max - 42.8255% below program guideline maximum.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  9:15:53 AM 2 B 8/XX/2018 FL Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257299           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Lender approved exception to allow reserves of [Redacted] months vs program requirement of x months No public records

No late payments on the credit report since XX/1996

Borrower has 5 closed mortgages reporting no late since inception earliest date XX/2008

Borrower is an XXX, for 2 years

DSC of 167% > program requirement of 100%

730 representative FICO score > 680 guideline minimum		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     8/XX/2018  8:54:26 AM 2 B 8/XX/2018 NJ Investment Purchase   C B C B     A A     No
206257299           Credit Credit Miscellaneous Credit Exception:   Missing copy of lease agreement for unit x reflecting $[Redacted] per month. Current total rent from leases (all x units) of [Redacted] was used as they are lower from market rent of [Redacted].   Reviewer Comment (2019-03-01): Seller used lower amount of lease income xxxx for DSC calculation however missing the additional lease for xxx.xx - appraisal reflects market rent at xxxx lower amount used for calculation as leases not required per guides.


Buyer Comment (2019-03-01): Per (Redacted) guides for SP Ix on Purchase transactions lease agreements are not required. We use rental income from the appraisal. Please clear


Reviewer Comment (2019-03-01): Seller provided the lease for unit x at xxx.xx missing lease for unit x at xxx.xx. Exception remains


Buyer Comment (2019-03-01): XXX Lease


Buyer Comment (2019-03-01): XXX is not being considered in the income calc as its inferior
 9/XX/2018  3:44:25 PM     1 A 8/XX/2018 NJ Investment Purchase   C B C B     A A     No
206257304           Property Collateral General Appraiser has disciplinary action with an end date within a year of appraisal effective date. Valuation Type: Appraisal / Valuation Report Date: [Redacted] Valuation Effective Date:
___
___
from: ___
to: ___		     Reviewer Comment (2019-03-01): Seller provided a CDA dated x/xx/xxxx.


Reviewer Comment (2019-03-01): Escalated


Buyer Comment (2019-03-01): Please see FRAUD GUARD, which is page x of the x/x fraud guard report reflecting instructions to clear "re-verify the entire appraisal and order a CDA. Please see CDA reflecting no issues; please see WASHINGTON LICENSE SEARCH reflecting Appraiser license current and active - sufficient documentation has been provided to support the exception is not material - please clear


Reviewer Comment (2019-03-01): Seller provided copy of state search for appraiser reflecting active license x/xx/xxxx however exception is for disciplinary action within x year of appraisal effective date. Exception remains


Buyer Comment (2019-03-01): Please see WASHINGTON LICENSE SEARCH reflecting Appraiser license is current and active


Reviewer Comment (2019-03-01): Disciplinary action is with an end date of x/xx/xxxx is within a year of  report effective date x/xx/xxxx. Exception remains


Buyer Comment (2019-03-01): Appraisal report date is x/xx/xxxx prior to sus(REDACTED)
 9/XX/2018  4:18:58 PM     1 A 8/XX/2018 WA Primary Purchase   C B A A C B C A Non QM Non QM No
206257304           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) Please provide a Post Consummation CD which reflects the closing date to [Redacted] with fee updates and provision of any cure required.   Buyer Comment (2019-03-01): please waive


Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure required to cure.  Final CD has a closing date of (Redacted) while the actual closing date is x(Redacted).


Buyer Comment (2019-03-01): Please see ESIGN, CD reflecting the CD was sent and received on x/xx
     9/XX/2018  5:10:06 PM 2 B 8/XX/2018 WA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B C A Non QM Non QM Yes
206257304           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) The total of Escrowed Costs over year x in the Final Closing Disclosure totaled $[Redacted], however, the monthly escrow on page x of [Redacted]/mo totals $[Redacted]. The variance is due to an error in the monthly Hazard Insurance.  The final CD reflects the monthly amount as [Redacted] ([Redacted]); actual Insurance premium is [Redacted] ([Redacted]/yr).  The actual monthly escrow should be [Redacted] ($[Redacted] tax and [Redacted] insurance).   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure received.


Buyer Comment (2019-03-01): Please see PCCD, LOX, LABEL


Reviewer Comment (2019-03-01): (Redacted) is using the annual premium of $x,xxx.xx reflected on the Evidence of Mortgage Insurance dated xx/xx/xxxx.  The premium of $x,xxx.xx is an Insurance Estimate that was drafted on xx/xx/xxxx. $x,xxx.xx is the correct insurance amount based on documents provided in the loan file. Letter of Explanation & Corrected Closing Disclosure required to cure.


Buyer Comment (2019-03-01): please see HOI - page two reflects Term Premium is $x,xxx.xx and Policy Fee reflects as $xx for a total of $xxxx.xx; one would assume that any renewal would require a Policy Fee which if escrowed would need to be paid upon renewal - we are not going to call the borrower and ask them to pay the $xx Policy Fee out of their pocket - please clear
   9/XX/2018  4:31:26 PM   2 B 8/XX/2018 WA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B C A Non QM Non QM Yes
206257304           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/532642) The Monthly Escrow total should be [Redacted].and the total payment [Redacted] based on insurance and tax documentation in the file.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, and Corrected CD provided.


Reviewer Comment (2019-03-01): (Redacted) is using the annual premium of $x,xxx.xx reflected on the Evidence of Mortgage Insurance dated xx/xx/xxxx.  The premium of $x,xxx.xx is an Insurance Estimate that was drafted on xx/xx/xxxx. $x,xxx.xx is the correct insurance amount based on documents provided in the loan file. Letter of Explanation, Proof of Delivery, Corrected CD required to cure.


Buyer Comment (2019-03-01): please see HOI - page two reflects Term Premium is $x,xxx.xx and Policy Fee reflects as $xx for a total of $xxxx.xx; one would assume that any renewal would require a Policy Fee which if escrowed would need to be paid upon renewal - we are not going to call the borrower and ask them to pay the $xx Policy Fee out of their pocket - please clear
   9/XX/2018  4:34:09 PM   2 B 8/XX/2018 WA Primary Purchase 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 C A Non QM Non QM Yes
206257304           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Fixed Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/532642) The Monthly Escrow total should be [Redacted].and the total payment [Redacted] based on insurance and tax documentation in the file.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, and Corrected CD provided.


Buyer Comment (2019-03-01): Please see PCCD, LOX, LABEL


Reviewer Comment (2019-03-01): (Redacted) is using the annual premium of $x,xxx.xx reflected on the Evidence of Mortgage Insurance dated xx/xx/xxxx.  The premium of $x,xxx.xx is an Insurance Estimate that was drafted on xx/xx/xxxx. $x,xxx.xx is the correct insurance amount based on documents provided in the loan file. Letter of Explanation, Proof of Delivery, Corrected CD required to cure.


Buyer Comment (2019-03-01): please see HOI - page two reflects Term Premium is $x,xxx.xx and Policy Fee reflects as $xx for a total of $xxxx.xx; one would assume that any renewal would require a Policy Fee which if escrowed would need to be paid upon renewal - we are not going to call the borrower and ask them to pay the $xx Policy Fee out of their pocket - please clear
   9/XX/2018  4:34:32 PM   2 B 8/XX/2018 WA Primary Purchase 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 C A Non QM Non QM Yes
206257304           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Evidence of earlier receipt missing from file, only CD received.   Reviewer Comment (2019-03-01): Initial CD and proof of receipt provided.


Buyer Comment (2019-03-01): Please see ESIGN, CD
 9/XX/2018  3:24:59 PM     1 A 8/XX/2018 WA Primary Purchase No Defined Cure C B A A C B C A Non QM Non QM No
206257304           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing. There is no evidence of cure provided to the borrower.       9/XX/2018  12:59:33 PM   1 A 8/XX/2018 WA Primary Purchase Final CD evidences Cure C B A A C B C A Non QM Non QM Yes
206257304           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) No seller paid fees shown on Borrower CD, all captured from Seller CD.   Buyer Comment (2019-03-01): waive
     9/XX/2018  4:42:15 PM 2 A 8/XX/2018 WA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B C A Non QM Non QM Yes
206257305           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Note Date.   Insurance effective date is [Redacted], after the note/disbursement date of [Redacted].   Reviewer Comment (2019-03-01): Seller provided the revised HOI with effective dated x/xx/xx-x/xx/xx.


Buyer Comment (2019-03-01): Please find attached revised HOI with corrected Effective date of xx/xx/xxxx.
 9/XX/2018  11:48:40 AM     1 A 8/XX/2018 TN Investment Purchase   C A C A     A A     No
206257306           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Note Date.   Insurance policy effective date of [Redacted], is after the note/disbursement date of [Redacted].   Reviewer Comment (2019-03-01): Seller provided revised HOI with effective dates x/xx/xxxx-x/xx/xxxx.


Buyer Comment (2019-03-01): Please find attached the updated HOI with corrected effective date of xx/xx/xxxx.
 9/XX/2018  5:43:09 PM     1 A 8/XX/2018 TN Investment Purchase   C A C A     A A     No
206257307           Compliance Compliance Federal Compliance TIL Higher Priced Mortgage Loan Safe Harbor TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. Appraisal reflects the lender as  [Redacted], initial 1003 lists  [Redacted]and the note reflects  [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive this item.
     9/XX/2018  9:13:04 AM 2 B 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257307           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this item.
     9/XX/2018  9:13:52 AM 2 B 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257307           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) The final CD disclosed that the loan is not assumable; the note disclosed that the loan is assumable.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  2:11:17 PM 2 B 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257307           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  2:11:24 PM 2 B 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257307           Compliance Compliance Federal Compliance 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], missing valid proof of change.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Reviewer Comment (2019-03-01): Final CD reflects a tolerance cure of $xxx.xx which is the $xxx processing fee and $xx.xx additional.  Lender credit  of $x,xxx was reduced to $xxxx on revised LE issued on x/xx/xx and then to  $xxxx.xx on initial CD issued on x/xx/xx without a valid COC.  Provide a valid change for the lender credit change on x/xx/xx LE. If a valid COC is not available, a cure of $xxx.xx is due.


Reviewer Comment (2019-03-01): A valid COC is needed indicating the loan amount change along with any other fee changes to clear.


Buyer Comment (2019-03-01): Documentation previously provided and uploaded.  The initial origination credit is based on the rate chosen and loan amount of $xxx,xxx was in the amount of $x,xxx.  The loan amount was reduced to $xxx,xxx thereby reducing the credit to x,xxx.xx.  Please clear this condition.
   9/XX/2018  7:54:32 PM   2 B 7/XX/2018 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 B C B A A Non QM Non QM Yes
206257307           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total [Redacted], while closing CD seller's fees total [Redacted]   Reviewer Comment (2019-03-01): Revised Seller's CD shows zero Seller paid fees.


Reviewer Comment (2019-03-01): Seller's revised CD shows zero paid fees.


Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
 9/XX/2018  7:52:40 PM     1 A 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257307           Compliance Compliance Federal Compliance 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. Zero Percent Fee Tolerance exceeded for Processing Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Missing proof of valid change, insufficient or no cure was provided to the borrower.   Reviewer Comment (2019-03-01): Final CD reflects a tolerance cure of $xxx.xx which is the $xxx processing fee and $xx.xx additional.


Buyer Comment (2019-03-01): This cure was already applied on the final CD, as part of the $xxx.xx that you deducted from the Lender Credit withing the additional EVx exception noted above, please clear this condition.
 9/XX/2018  4:12:36 PM     1 A 7/XX/2018 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 B C B A A Non QM Non QM Yes
206257307           Credit Guideline Guideline Issue The borrower is self-employed.  Guidelines require either a tax professional letter or regulatory agency verifying at least 2 years of self-employment along with either a phone listing and/or business address using directory assistance or internet search to be in file.   Borrower has been self-employed for [Redacted] vs program requirement of a minimum of 24 months of self- employment.  Lender approved exception. Borrower has job stability for 6 years in the same line of work.

Guideline variance approved by lender at time of origination.  Borrower has perfect credit history with never a late payment.

Credit score of 7212 is 12 points above program requirement of 700.

12.24 months reserves > 3 months guideline minimum - borrowers have verified reserves of $24,105.57.

29.01% DTI on this Bank Statement documentation loan < 38.00% guideline max - 8.99% below program guideline maximum		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  9:47:36 AM 2 B 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257307           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.86730% or Final Disclosure APR of 7.89500% is in excess of allowable threshold of APOR 4.62% + 1.5%, or 6.12000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML complaint loans.
     9/XX/2018  9:44:39 AM 1 A 7/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257307           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) waived   Reviewer Comment (2019-03-01): Seller's revised CD shows zero Seller paid fees.  Client has elected to waive.
     9/XX/2018  7:53:33 PM 2 A 7/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257309           Credit Loan Package Documentation Closing / Title Missing Document: Closing Protection Letter not provided   Subject property in NY. E&O policy provided reflects a deductible of $[Redacted] per claim. Per guidelines, E&O policy must have a deductible of no more than [Redacted]. Borrower has 1 open mortgage paid as agreed with ab opened date of XX/2017. Borrower has 1 closed mortgage no late since inception opened on XX/2003.

DSC is 111%, 11%> program requirement of 100%

22.03 months reserves > 3 months guideline minimum

Credit score is 717, 37 points > program requirement of 680.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.


Buyer Comment (2019-03-01): Exception for E&O Policy deductibles has been uploaded for your review.


Buyer Comment (2019-03-01): Exception for E&O Policy deductibles has been uploaded your review.
     9/XX/2018  4:35:35 PM 2 B 8/XX/2018 NY Investment Purchase   C B C B     A A     No
206257313           Credit Loan Package Documentation Application / Processing Missing Document: Flood Certificate not provided   Flood Certificate is missing from loan documents   Reviewer Comment (2019-03-01): Seller provided the flood cert dated (Redacted).


Buyer Comment (2019-03-01): Please see FLOOD CERT
 9/XX/2018  4:21:49 PM     1 A 8/XX/2018 MD Investment Refinance - Rate/Term   C B C B     A A     No
206257313           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Minimum Loan Amount discrepancy. Note loan amount of ___ is less than Guideline minimum loan amount of ___. Lender approved exception to allow loan amount of $[Redacted] vs program minimum of $[Redacted] Borrower has 2 open mortgages reporting not late since inception (dated XX/2011 and XX/2013)Borrower has 3 closed mortgages reporting not late since inception earliest XX/2007. Except for an isolated collection for $199.00 paid in full last active XX/2013, no other late payment on entire credit report since inception (earliest dateXX/1995)No public records

DSC is 161% > Program requirement of 100%

Credit Score is 710, 30 points > program requirement of 680

LTV is 73%, 7% < maximum program of 80%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  10:27:46 AM 2 B 8/XX/2018 MD Investment Refinance - Rate/Term   C B C B     A A     No
206257313           Credit Assets Asset Calculation / Analysis Guideline Requirement: Available for Reserves discrepancy.   Verified reserves of [Redacted] is insufficient to meet reserve requirement of x months subject property of [Redacted] plus x% outstanding balances on mortgages not secured by the subject property of [Redacted] for a total of [Redacted] required.   Reviewer Comment (2019-03-01): reserves are xxxx.xx for investment property and x% of the balance of the mortgage not on primary residence.


Buyer Comment (2019-03-01): Please see GUIDELINES pages xx and xx highlighted text clearly reflects that the x% applies to investment properties, not the borrower's primary residence
 9/XX/2018  4:10:38 PM     1 A 8/XX/2018 MD Investment Refinance - Rate/Term   C B C B     A A     No
206257314           Credit Loan Package Documentation Closing / Title Missing Document: Note - Subject Lien not provided   Note is missing from loan documents   Reviewer Comment (2019-03-01): Seller provided the signed and dated note (Redacted).
 9/XX/2018  12:03:47 PM     1 A 8/XX/2018 MO Investment Purchase   D A D A     A A     No
206257314           Credit Loan Package Documentation Application / Processing Missing Document: Guarantor Agreement not provided   Guarantor Agreement is missing from loan docs   Reviewer Comment (2019-03-01): Seller provided the guarantor agreement page 13 containing the signature dated 0(Redacted).


Reviewer Comment (2019-03-01): Seller provided the guarantor agreement however missing page 13/of 13 containing the signature. Exception remains
 10/04/2018     1 A 8/XX/2018 MO Investment Purchase   D A D A     A A     No
206257315           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.       Reviewer Comment (2019-03-01): Seller provided the revised HOI with dec page containing mortgagee clause and ISAOS.
 9/XX/2018  12:51:46 PM     1 A 8/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
206257316           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.         9/XX/2018  4:55:15 PM     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257316           Compliance Compliance Federal Compliance ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation         10/04/2018     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257316           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant         10/04/2018     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257316           Compliance Compliance Federal Compliance (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer)         10/04/2018     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257316           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees             9/XX/2018  10:21:12 AM 2 B 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM Yes
206257316           Compliance Compliance Federal Compliance TRID Invalid Section B Combinations             9/XX/2018  10:21:21 AM 2 B 8/XX/2018 FL Primary Purchase Good Faith Redisclosure C B C A C B A A Non QM Non QM Yes
206257316           Credit Income / Employment Income Documentation Income Docs Missing:         9/XX/2018  2:21:18 PM     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257316           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.             9/XX/2018  10:21:28 AM 2 B 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257316           Compliance Compliance Federal Compliance TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure             9/XX/2018  10:21:37 AM 1 A 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257316           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing           9/XX/2018  10:51:58 AM   1 A 8/XX/2018 FL Primary Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
206257317           Credit Loan Package Documentation Closing / Title Missing Document: Note - Subject Lien not provided   The loan file does not contain a copy of the executed note.   Reviewer Comment (2019-03-01): Seller provided the note signed and dated (Redacted)
 9/XX/2018  5:04:33 PM     1 A 8/XX/2018 FL Investment Purchase   D A D A     A A     No
206257317           Credit Loan Package Documentation Closing / Title Missing Document: Security Instrument not provided   The loan file does not contain a copy of the executed Security Instrument   Reviewer Comment (2019-03-01): Seller provided the security instrument signed and dated (Redacted).
 9/XX/2018  5:05:03 PM     1 A 8/XX/2018 FL Investment Purchase   D A D A     A A     No
206257317           Credit Loan Package Documentation Closing / Title Missing Final HUD-1   Loan file does not contain the Final hud 1 nor Closing statement for the subject loan.   Reviewer Comment (2019-03-01): Seller provided the CD dated (Redacted) signed by the borrowers
 9/XX/2018  5:05:43 PM     1 A 8/XX/2018 FL Investment Purchase   D A D A     A A     No
206257317           Credit Loan Package Documentation Application / Processing Missing Document: Missing Final 1003   The loan file does not contain the Final [Redacted]   Reviewer Comment (2019-03-01): Seller provided the final signed 1003 dated (Redacted).
 9/XX/2018  5:06:58 PM     1 A 8/XX/2018 FL Investment Purchase   D A D A     A A     No
206257317           Credit Loan Package Documentation Application / Processing Missing Document: Business Purpose Certificate not provided   The loan file does not contain the Business Purpose Certificate.   Reviewer Comment (2019-03-01): Seller provided the Business Purpose cert signed and dated (Redacted).
 9/XX/2018  5:09:52 PM     1 A 8/XX/2018 FL Investment Purchase   D A D A     A A     No
206257317           Credit Loan Package Documentation Closing / Title Missing Document: Closing Protection Letter not provided   The loan file does not contain the Closing Protection Letter.   Reviewer Comment (2019-03-01): Seller provided the CPL dated (Redacted).
 9/XX/2018  5:08:08 PM     1 A 8/XX/2018 FL Investment Purchase   D A D A     A A     No
206257317           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility The application does not show that the borrower(s) have an address other than the subject property and thus casts doubt on the business purpose of the loan.   Loan file does not contain the Loan Application   Reviewer Comment (2019-03-01): Seller provided a 1003 with borrower address that differs from subject
 9/XX/2018  5:17:20 PM     1 A 8/XX/2018 FL Investment Purchase   D A D A     A A     No
206257317           Credit Fix and Flip General The Non-Owner Occupied Certification was not signed by all required borrowers and thus casts doubt on the business purpose of the loan.   The loan file does not contain the Non-Owner Occupied Certification.   Reviewer Comment (2019-03-01): Seller provided the affidavit of occupancy signed and dated (Redacted)
 9/XX/2018  5:16:14 PM     1 A 8/XX/2018 FL Investment Purchase   D A D A     A A     No
206257317           Credit Credit Credit Documentation 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.   The loan file does not contain the Business Purpose Certificate and the Non-Owner Occupancy Declaration.   Reviewer Comment (2019-03-01): Seller provided the business purpose cert and affidavit of occupancy
 9/XX/2018  5:14:24 PM     1 A 8/XX/2018 FL Investment Purchase   D A D A     A A     No
206257317           Credit Loan Package Documentation Application / Processing Missing Document: Note Addendum - Prepayment not provided       Reviewer Comment (2019-03-01): Seller provided the prepayment addendum signed and dated (Redacted).
 9/XX/2018  5:17:53 PM     1 A 8/XX/2018 FL Investment Purchase   D A D A     A A     Yes
206257319           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy.       Reviewer Comment (2019-03-01): Seller provided the guidelines dated x/xx/xxxx with loan amount upto x,xxx,xxx with xx% LTV and xxx FICO.


Buyer Comment (2019-03-01): Please see page xx of guidelines


Buyer Comment (2019-03-01): Uploaded Guides effective when loan closed. With xxx credit score the borrower could have a $xMM loan


Reviewer Comment (2019-03-01): Seller provided a copy of the x/x/xxxx guides allowing upto xmillion however loan closed on x/xx/xxxx prior to guideline issue date. Exception remains.


Buyer Comment (2019-03-01): Uploaded I5 Matrix. Please see under cash out refi loan amount can go up to $5MM for LTV 50% or less


Reviewer Comment (2019-03-01): Please provide guides allowing upto 5 million - per guides maximum 2,500,000 at 50% LTV with 680 FICO. Exception remains


Buyer Comment (2019-03-01): please review guidelines for I5. Loan amount can go up to $5MM with LTV less than 50% and FICO of 680 minimum
 9/XX/2018  10:50:37 AM     1 A 8/XX/2018 GA Investment Refinance - Cash-out - Other   C A C A     A A     No
206257320           Property Property - Appraisal Appraisal Documentation The property type differs between the valuation documents in file. Unable to verify the property type.  Ineligible per guidelines.   One appraisal disclosed the property as a single family residence, the other disclosed the property as a PUD. Please provided a corrected appraisal reflecting property as a PUD per riders.   Reviewer Comment (2019-03-01): Seller provided the revised appraisal as PUD with a date of signature x/xx/xxxx.


Buyer Comment (2019-03-01): Corrected Appraisal
 9/XX/2018  10:01:12 AM     1 A 8/XX/2018 CA Primary Purchase   C B C A C B C A Non QM Non QM No
206257320           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ Missing monthly business account statements used for qualifying income via [Redacted]acct#[Redacted].  Note only x of [Redacted] months provided ([Redacted]),
Missing the August [Redacted] for the personal statement analysis; it was the only statement that provided the income for the analysis.		   Reviewer Comment (2019-03-01): Seller provided the xxxx x/xxxx statement and xxxx x/xxxx-x/xxxx statements.


Buyer Comment (2019-03-01):XXX#xxxx uploaded


Buyer Comment (2019-03-01): Seller CD, #xxxx x/xxxx


Reviewer Comment (2019-03-01): Missing the xxxx x/xxxx statement and xxxx xx/xxxx-x/xxxx statements used per the income analysis. Exception remains


Buyer Comment (2019-03-01): I dont see any # ending xxxx, xxxx uploaded
 9/XX/2018  10:10:56 AM     1 A 8/XX/2018 CA Primary Purchase   C B C A C B C A Non QM Non QM No
206257320           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) The final CD disclosed the closing date as [Redacted]; the borrower signed on [Redacted].  Please provide a Post Consummation CD correcting the dates and any additional impacted data.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     9/XX/2018  11:04:22 AM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM Yes
206257320           Compliance Compliance Federal Compliance 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.) (Final/ [Redacted]) The Borrower's CD did not disclose any seller paid fees.  A Seller CD was not provided.   Reviewer Comment (2019-03-01): Seller provided the seller settlement statement dated (Redacted).


Buyer Comment (2019-03-01): Seller CD
 9/XX/2018  9:58:38 AM     1 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM Yes
206257320           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; the borrower signed on [Redacted].   Reviewer Comment (2019-03-01): Document provided confirms receipt  date of Initial CD.


Buyer Comment (2019-03-01): I dont see any # ending xxxx, xxxx uploaded,CD Tracking
 9/XX/2018  11:01:57 AM     1 A 8/XX/2018 CA Primary Purchase No Defined Cure C B C A C B C A Non QM Non QM No
206257320           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) The final CD disclosed that the loan is not assumable; the note disclosed that the loan is assumable.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     9/XX/2018  11:04:32 AM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM Yes
206257320           Compliance Compliance Federal Compliance TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on [Redacted] reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (Final/[Redacted]) The final CD disclosed the Credit Report Fee paid to the broker and the Processing Fee paid to the borrower in Section B.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     9/XX/2018  11:04:42 AM 2 B 8/XX/2018 CA Primary Purchase Good Faith Redisclosure C B C A C B C A Non QM Non QM Yes
206257320           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Seller CD seller paid fees [Redacted] > closing costs paid by seller on borrowers final CD x.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     9/XX/2018  10:35:09 AM 2 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM Yes
206257321           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Minimum Loan Amount discrepancy. Note loan amount of ___ is less than Guideline minimum loan amount of ___. Lender approved exception to allow loan amount of $[Redacted] vs program minimum of $[Redacted] Property is owned free and clear

No public records

Borrower is a XXX with 5 years in the profession

DSC is 140% > program requirement of 100%

Reserves are 71.65 months > program requirement of 3 months		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  3:24:31 PM 2 B 8/XX/2018 NJ Investment Refinance - Cash-out - Other   C B C B     A A     No
206257324           Credit System General Flood Certificate Subject Address does not match Note address.   Flood determination address reflects the property is [Redacted]. The Note reflects the property is [Redacted]   Reviewer Comment (2019-03-01): Legal description on the mortgage matches legal description on the title.


Buyer Comment (2019-03-01): The subject property is a multiple family dwelling.  Whether the Note or Mail indicates xxxx, xxxx and xxxx; xxxx-xxxx; xxxx; xxxx; xxxx or xxxx XXXnue #xxxx, it secures the subject property and mail will be delivered as denoted by the documentation provide.  If this is not sufficient what other federal documents does (Redacted) want us to provide?


Reviewer Comment (2019-03-01): Seller provided a USPS zip look up doe xxxx-xxxx XXX however this does not address the note address of xxxx xxxx xxxx XXX as a deliverable address is sent to xxxx-xxxx (please not the address of xxxx does not appear in the available deliverable addresses)


Buyer Comment (2019-03-01): This is a multi-unit property which the appraisal and deed list as xxxx-xxxx (REDACTED)  Please see the uploaded USPS validation for the address.  Please clear this item.
 9/XX/2018  9:05:25 AM     1 A 8/XX/2018 PA Investment Purchase   C A C A     A A     No
206257324           Credit System General Valuation address does not match Note address. Valuation Type: Desk Review / Valuation Report Date: [Redacted], Valuation Type: Appraisal / Valuation Report Date: [Redacted] Appraisal and desk review address reflect the property is [Redacted]. The Note reflects the property is [Redacted].   Reviewer Comment (2019-03-01): Legal description on the mortgage matches legal description on the title.


Buyer Comment (2019-03-01): The subject property is a multiple family dwelling.  Whether the Note or Mail indicates xxxx, xxxx and xxxx; xxxx-xxxx; xxxx; xxxx; xxxx or xxxx XXXnue #xxxx, it secures the subject property and mail will be delivered as denoted by the documentation provide.  If this is not sufficient what other federal documents does (Redacted) want us to provide?


Reviewer Comment (2019-03-01): Seller provided a USPS zip look up doe xxxx-xxxx XXX however this does not address the note address of xxxx xxxx xxxx XXX as a deliverable address is sent to xxxx-xxxx (please not the address of xxxx does not appear in the available deliverable addresses)


Buyer Comment (2019-03-01): This is a multi-unit property which the appraisal and deed list as xxxx-xxxx (REDACTED)  Please see the uploaded USPS validation for the address.  Please clear this item.
 9/XX/2018  9:05:40 AM     1 A 8/XX/2018 PA Investment Purchase   C A C A     A A     No
206257326           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.22820% or Final Disclosure APR of 7.24100% is in excess of allowable threshold of APOR 4.58% + 1.5%, or 6.08000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  12:26:13 PM 1 A 8/XX/2018 NY Primary Purchase   C B C A B B A A Non QM Non QM No
206257326           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).     Buyer Comment (2019-03-01): (Redacted) decision to Waive.
     9/XX/2018  5:53:15 PM 2 B 8/XX/2018 NY Primary Purchase   C B C A B B A A Non QM Non QM Yes
206257326           Credit Loan Package Documentation Application / Processing Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided       Reviewer Comment (2019-03-01): Seller provided the xxxx dated x/xx/xxxx with a ratio of xx.xxx%.
 9/XX/2018  4:12:40 PM     1 A 8/XX/2018 NY Primary Purchase   C B C A B B A A Non QM Non QM No
206257326           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) decision to Waive.
     9/XX/2018  5:53:24 PM 2 B 8/XX/2018 NY Primary Purchase   C B C A B B A A Non QM Non QM No
206257328           Credit System General Valuation address does not match Note address. Valuation Type: Desk Review / Valuation Report Date: [Redacted] Desk review city and zip code discrepancy. Valuation city and zip code is [Redacted]. The Note reflects [Redacted].   Reviewer Comment (2019-03-01): Seller provided the revised signed and dated note (Redacted) with corrected zip to xxxxx.


Reviewer Comment (2019-03-01): Lender is correcting zip on note as incorrect.


Reviewer Comment (2019-03-01): Per USPS zip code xxxxx and xxxxx are both deliverable to XXX


Buyer Comment (2019-03-01): Corrected CDA


Buyer Comment (2019-03-01): See USPS zip code is correct


Buyer Comment (2019-03-01): For your review, corrected appraisal.
Zip code is correct.
 9/XX/2018  3:56:07 PM     1 A 8/XX/2018 PA Investment Purchase   C A C A     A A     No
206257328           Credit System General Insurance address does not match Note address.   Zip code discrepancy. Insurance zip code is [Redacted]. The Note reflects [Redacted].   Reviewer Comment (2019-03-01): Seller provided the revised signed and dated note (Redacted) with corrected zip to xxxxx.


Buyer Comment (2019-03-01): Corrected Note


Reviewer Comment (2019-03-01): Lender is correcting zip on note as incorrect.


Reviewer Comment (2019-03-01): Per USPS zip code xxxxx and xxxxx are both deliverable to XXX
 9/XX/2018  3:56:12 PM     1 A 8/XX/2018 PA Investment Purchase   C A C A     A A     No
206257328           Credit System General Flood Certificate Subject Address does not match Note address.   Zip code discrepancy. Flood determination zip code is [Redacted]. The Note reflects [Redacted].   Reviewer Comment (2019-03-01): Seller provided the revised signed and dated note (Redacted) with corrected zip to xxxxx.


Reviewer Comment (2019-03-01): Lender is correcting zip on note as incorrect.


Reviewer Comment (2019-03-01): Per USPS zip code xxxxx and xxxxx are both deliverable to XXX


Buyer Comment (2019-03-01): See USPS zip code verification
 9/XX/2018  3:56:27 PM     1 A 8/XX/2018 PA Investment Purchase   C A C A     A A     No
206257328           Credit System General Security Instrument address does not match Note address.   Security instrument zip of [Redacted] does not match the Note zip of [Redacted].   Reviewer Comment (2019-03-01): Seller provided the revised signed security instrument with the zip as xxxxx.


Buyer Comment (2019-03-01): Corrected Loan Approval


Buyer Comment (2019-03-01): Coerected Mortgage
 9/XX/2018  5:02:36 PM     1 A 8/XX/2018 PA Investment Purchase   C A C A     A A     No
206257328           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Please provide the loan approval with zip code as [Redacted]   Reviewer Comment (2019-03-01): Seller provided the loan approval dated x/xx/xxxx with zip code as xxxxx
 9/XX/2018  4:59:49 PM     1 A 8/XX/2018 PA Investment Purchase   C A C A     A A     No
206257329           Credit Loan Package Documentation Application / Processing Missing Document: Missing Final 1003         9/XX/2018  11:34:57 AM     1 A 8/XX/2018 NJ Primary Purchase   C B C B C B A A Non QM Non QM No
206257329           Credit Loan Package Documentation Application / Processing Missing Document: Divorce Decree / Child Support not provided         9/XX/2018  12:26:57 PM     1 A 8/XX/2018 NJ Primary Purchase   C B C B C B A A Non QM Non QM No
206257329           Credit Income / Employment Income Documentation Income Docs Missing:         9/XX/2018  11:42:55 AM     1 A 8/XX/2018 NJ Primary Purchase   C B C B C B A A Non QM Non QM No
206257329           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant         9/XX/2018  3:14:34 PM     1 A 8/XX/2018 NJ Primary Purchase   C B C B C B A A Non QM Non QM No
206257329           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees             9/XX/2018  2:31:05 PM 2 B 8/XX/2018 NJ Primary Purchase   C B C B C B A A Non QM Non QM Yes
206257329           Compliance Compliance Federal Compliance RESPA Disclosure - List of Homeownership Counseling Organizations Missing         9/XX/2018  3:14:34 PM     1 A 8/XX/2018 NJ Primary Purchase   C B C B C B A A Non QM Non QM No
206257329           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided         9/XX/2018  3:14:34 PM     1 A 8/XX/2018 NJ Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257329           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver         9/XX/2018  3:14:34 PM     1 A 8/XX/2018 NJ Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257329           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File         9/XX/2018  3:14:34 PM     1 A 8/XX/2018 NJ Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257329           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status         9/XX/2018  3:14:34 PM     1 A 8/XX/2018 NJ Primary Purchase Good faith redisclosure C B C B C B A A Non QM Non QM Yes
206257329           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - HPML Status         9/XX/2018  3:14:34 PM     1 A 8/XX/2018 NJ Primary Purchase Good faith redisclosure C B C B C B A A Non QM Non QM No
206257329           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status         9/XX/2018  3:14:34 PM     1 A 8/XX/2018 NJ Primary Purchase Good faith redisclosure C B C B C B A A Non QM Non QM Yes
206257329           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy.     No public records.

One isolated revolving late, 1 X 60 dated 4/2016, on entire credit report since inception.

DTI 31.69807%, 6.30193% < program maximum of 38%.

Borrower is self-employed as XXX A XXX for 3.62 years has been in the same line of work for the past 10 years.		       9/XX/2018  3:35:07 PM 2 B 8/XX/2018 NJ Primary Purchase   C B C B C B A A Non QM Non QM No
206257329           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1         9/XX/2018  3:14:34 PM     1 A 8/XX/2018 NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257329           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment         9/XX/2018  3:14:34 PM     1 A 8/XX/2018 NJ Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
206257329           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Fixed Rate         9/XX/2018  3:14:34 PM     1 A 8/XX/2018 NJ Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
206257329           Compliance Compliance Federal Compliance TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD             9/XX/2018  2:31:23 PM 1 A 8/XX/2018 NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257329           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy.         9/XX/2018  11:48:33 AM     1 A 8/XX/2018 NJ Primary Purchase   C B C B C B A A Non QM Non QM No
206257329           Credit Assets Asset Calculation / Analysis Available for Closing is insufficient to cover Cash From Borrower.         9/XX/2018  11:48:48 AM     1 A 8/XX/2018 NJ Primary Purchase   C B C B C B A A Non QM Non QM No
206257329           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status             9/XX/2018  2:31:55 PM 2 B 8/XX/2018 NJ Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257329           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status             9/XX/2018  2:32:41 PM 2 B 8/XX/2018 NJ Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257330           Credit Loan Package Documentation Application / Processing Missing Document: Spousal Consent Form not provided   The loan file does not contain the spousal consent form.   Reviewer Comment (2019-03-01): Elevated Review with internal counsel verifies not required in this instance


Buyer Comment (2019-03-01): This is an investment deal spousal consent not requried
 9/XX/2018  4:35:18 PM     1 A 8/XX/2018 CA Investment Purchase   C B C B     A A     No
206257330           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Verified reserves of [Redacted] ([Redacted] months) is insufficient to meet reserve requirement of x months subject property of [Redacted] plus x% outstanding balances on mortgages not secured by the subject property of [Redacted] for a total of [Redacted] required. Perfect credit history with never a late payment with earliest account opened in 9/2003. No public records.

Borrower has been self-employed for 10 years as XXX XXX and has been in the same line of work for hte past 20 years.,

809 representative FICO score > 680 guideline minimum		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.


Buyer Comment (2019-03-01): Please see approved exception


Reviewer Comment (2019-03-01): Required reserves of xxxx.xx(x months PITIA on subject) is < than verified available reserves$x,xxx.xx


Buyer Comment (2019-03-01): Please see GUIDELINES RESERVES reflecting the x% applies to loans on investment properties not secured by our subject; please see REO PRIMARY reflecting the REO section of xxxx and Page x confirming xxxxx (REDACTED) is the borrowers primary residence there the x% of mortgage does not apply to this property and reserves are sufficient


Reviewer Comment (2019-03-01): Assets EMD xx,xxx, Checking xxxx.xx, Gift xx,xxx, checking xx,xxx.xx and gift xx,xxx CTC xxx,xxx verified reserves xxxx.xx x months required xxxx.xx short xxx.xx.


Buyer Comment (2019-03-01): can you please provide your calculations - assets, CTC, POC's you are using
     9/XX/2018  1:19:48 PM 2 B 8/XX/2018 CA Investment Purchase   C B C B     A A     No
206257330           Credit Loan Package Documentation Application / Processing Missing Document: Note Addendum - Prepayment not provided   3 year PP Penalty is required is was bought out please provide evidence.   Reviewer Comment (2019-03-01): Seller provided the rate lock with x.xxx in rate adjustments and .xx to buyout the prepay.


Buyer Comment (2019-03-01): Please see NO PREPAY reflecting .xx pre-payment penalty buy out
 9/XX/2018  4:23:56 PM     1 A 8/XX/2018 CA Investment Purchase   C B C B     A A     Yes
206257331           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard insurance coverage of [Redacted] does not cover the lesser of the loan amount of [Redacted] and not less than [Redacted] of thre estimated cost new of [Redacted]. No evidence of replacement cost estimator in file.   Reviewer Comment (2019-03-01): Seller provided the RCE in the amount of xxx,xxx


Buyer Comment (2019-03-01): Replacement Cost Estimator of $xxxxxx uploaded for your review.
 9/XX/2018  5:05:45 PM     1 A 9/XX/2018 AZ Investment Purchase   C A C A     A A     No
206257331           Credit Fix and Flip General Insufficient funds for Reserves.   Insufficient reserves to meet reserve requirement of x months subject property of [Redacted] plus x% outstanding balances on mortgages not secured by the subject property of [Redacted] for a total of [Redacted] required.   Reviewer Comment (2019-03-01): Seller provided copy of (REDACTED) with wore to title company on x/xx/xxxx for xx,xxx


Buyer Comment (2019-03-01): Page x of brokerage statement shows $xx,xxx wired to title company.


Reviewer Comment (2019-03-01): Seller provided the (REDACTED) account for xxxxx.xx in addition to the x,xxx EMD and XXX xxxx.xx. however reserves remains short as funds to close are xx,xxx.xx.


Buyer Comment (2019-03-01): Proof of reserves uploaded for your review.
 9/XX/2018  10:56:28 AM     1 A 9/XX/2018 AZ Investment Purchase   C A C A     A A     No
206257331           Credit Assets Asset Calculation / Analysis Available for Closing is insufficient to cover Cash From Borrower.       Reviewer Comment (2019-03-01): Seller provided copy of (REDACTED) with wore to title company on x/xx/xxxx for xx,xxx


Buyer Comment (2019-03-01): Page x of brokerage statement shows $xx,xxx wired to title company.
 9/XX/2018  10:56:33 AM     1 A 9/XX/2018 AZ Investment Purchase   C A C A     A A     No
206257332           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.85370% or Final Disclosure APR of 7.85600% is in excess of allowable threshold of APOR 4.63% + 1.5%, or 6.13000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  1:24:08 PM 1 A 8/XX/2018 PA Primary Purchase   C B A A C B A A Non QM Non QM No
206257332           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of the greater of .00000% of the Federal Total Loan Amount and $[Redacted] (2018). Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] and $[Redacted] (2018) (an overage of $[Redacted] or [Redacted]%).     Buyer Comment (2019-03-01): waive
     9/XX/2018  3:13:19 PM 2 B 8/XX/2018 PA Primary Purchase   C B A A C B A A Non QM Non QM Yes
206257332           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): waive
     9/XX/2018  3:13:30 PM 2 B 8/XX/2018 PA Primary Purchase   C B A A C B A A Non QM Non QM No
206257332           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; the borrower signed on [Redacted].   Reviewer Comment (2019-03-01): Initial CD provided
 9/XX/2018  3:17:25 PM     1 A 8/XX/2018 PA Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257332           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Additional/[Redacted])     Buyer Comment (2019-03-01): waive
     9/XX/2018  3:13:57 PM 2 B 8/XX/2018 PA Primary Purchase   C B A A C B A A Non QM Non QM No
206257332           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The Borrower's CD did not disclose the seller paid fees.   Buyer Comment (2019-03-01): waive
     9/XX/2018  3:14:09 PM 2 A 8/XX/2018 PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257332           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Processing Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing. The CD issued on [Redacted] added a Processing Fee of [Redacted] without a valid change of circumstance.  A tolerance cure was provided.       9/XX/2018  1:01:40 PM   1 A 8/XX/2018 PA Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
206257334           Credit Property - Appraisal General Appraisal Requirements Subject is a refinance and property is listed for sale. Valuation Type: Appraisal / Valuation Report Date: [Redacted] Lender approved exception. Property was listed for sale on [Redacted] and removed on [Redacted] vs program requirement that the subject property has not been listed for sale and may not have been listed for sale during the three month period preceding the date of the loan. Borrower has been self-employed as real estate investor for past 5 years

Borrower is paying off a high interest-only mortgage resulting in an overall monthly housing payment reduction of approximately $700 per months

Borrower has had no mortgage late payment in past 74 months and no credit late payments in the past 10 months

DSC of 135% > program requirement of 100%		 Reviewer Comment (2019-03-01): Incorrectly cleared


Reviewer Comment (2019-03-01): Exception cleared, see new exception.


Reviewer Comment (2019-03-01): Incorrectly waived.


Buyer Comment (2019-03-01): Please downgrade to EV x


Reviewer Comment (2019-03-01): Incorrectly waived w/o comp factor


Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  2:15:23 PM 2 B 9/XX/2018 NJ Investment Refinance - Rate/Term   C B C B     A A     No
206257334           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Lender approved exception to allow LTV of [Redacted] vs program maximum of [Redacted] Borrower has been self-employed as real estate investor for past 5 years

Borrower is paying off a high interest-only mortgage resulting in an overall monthly housing payment reduction of approximately $700 per months

Borrower has had no mortgage late payment in past 74 months and no credit late payments in the past 10 months

DSC of 135% > program requirement of 100%		 Reviewer Comment (2019-03-01): Incorrectly waived w/o comp factor


Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  10:22:19 AM 2 B 9/XX/2018 NJ Investment Refinance - Rate/Term   C B C B     A A     No
206257335           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.       Reviewer Comment (2019-03-01): Seller provided the revised HOI with ISAOA included in the mortgagee clause
 9/XX/2018  11:53:37 AM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257335           Compliance Compliance Federal Compliance TILA LO Compensation (Impermissible Compensation Method) Loan Originator Compensation (Dodd-Frank 2014):  Unable to determine Compensation method used.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  4:07:54 PM 2 B 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257335           Compliance Compliance State Compliance (State HPML Provision) New York Subprime Loan (Ability to Repay not Verified) New York Subprime Loan:  Borrower's ability to repay not verified with reliable documentation.     Reviewer Comment (2019-03-01): Lenders guidelines allow bank statement within 90 days of consummation for VVOE


Reviewer Comment (2019-03-01): No verbal or written verification at time of origination. Exception remains
 9/XX/2018  11:59:01 AM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257335           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted]% + 1.75%, or [Redacted]%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): Lenders guidelines allow bank statement within 90 days of consummation for VVOE


Reviewer Comment (2019-03-01): Loan remains non-compliant due to ATR.
 9/XX/2018  11:59:01 AM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257335           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Disclosure provided on [Redacted]; application received on [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  4:08:52 PM 2 B 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257335           Credit Loan Package Documentation Application / Processing Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided   Per the Final Approval, a [Redacted] matching the terms of the approval was required and not provided (DTI ratios did not match).  Please provide the final [Redacted] reflecting the correct DTI.   Reviewer Comment (2019-03-01): Seller provided the 1008 with ratio of 40.908 matching the approval
 9/XX/2018  5:35:29 PM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257335           Credit Loan Package Documentation Application / Processing Missing Document: Other not provided   Title abstract must provide an E&O Policy with minimum coverage of [Redacted] per claim and [Redacted] in aggregate with a deductible of no more than
[Redacted]. The title insurer must have an "A" or better rating from [Redacted] rating service.		   Reviewer Comment (2019-03-01): Seller provided the E&O policy for 1,000,000 ;liability and 5,000 deductible
 9/XX/2018  11:52:24 AM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257335           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted]% + 1.75%, or [Redacted]%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  1:11:44 PM 2 B 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257336           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard insurance coverage of [Redacted] plus extended replacement coverage of $[Redacted] does not cover the lesser of the loan amount of [Redacted] and not less than [Redacted] of estimated cost new of [Redacted]. No evidence of replacement cost estimator in file.   Reviewer Comment (2019-03-01): Seller provided the replacement cost estimator for xxx,xxx


Buyer Comment (2019-03-01): Please see attached Replacement cost estimator for the borrowers HOI.  Please note that $xxx,xxx cited in exception included site Value of $xxx,xxx.  Actual replacement cost of the structure is $xxxxxx as per the appraisal.
 9/XX/2018  2:41:24 PM     1 A 9/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
206257337           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard insurance coverage of [Redacted] does not cover the loan amount of [Redacted] and minimum [Redacted] of the estimated cost new of [Redacted]. No evidence of replacement cost estimator in file.   Reviewer Comment (2019-03-01): HOI states xxx% replacement cost dated x/xx/xxxx.


Buyer Comment (2019-03-01): HOI Dec page states xxx% Replacement Cost
 9/XX/2018  4:58:25 PM     1 A 9/XX/2018 NY Investment Refinance - Cash-out - Other   C A C A     A A N/A N/A No
206257337           Credit Loan Package Documentation Closing / Title Missing Document: Closing Protection Letter not provided   Property located in NY. Title agency must provide an E&O policy with minimum coverage of [Redacted] per claim and [Redacted] in aggregate with a deductible of no more than [Redacted]. The title insurer must have an "A" or better rating from [Redacted] rating service.   Reviewer Comment (2019-03-01): Seller provided the E&O policy with x,xxx,xxx in coverage and x,xxx deductible
 9/XX/2018  5:13:44 PM     1 A 9/XX/2018 NY Investment Refinance - Cash-out - Other   C A C A     A A N/A N/A No
206257339           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Lender approved exception to allow FICO of [Redacted] vs program requirement of [Redacted] No public records

Subject investment property recently renovated updated kitchen, bathroom, and paint.  Subject investment property is free and clear.

DSC is 162.47%, 62.47% above program requirement of 100%.

85.56 months reserves, 82.56 months > program requirements of 3 months.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  12:14:03 PM 2 B 8/XX/2018 MD Investment Refinance - Cash-out - Other   C B C B     A A N/A N/A No
206257340           Credit Credit Credit Eligibility Guideline Issue: Bankruptcy timeline outside of credit guidelines   Chapter[Redacted] discharged only [Redacted] months prior to close  vs 2 yrs minimum requirement per guidelines.  Lender approved exception in file. Borrowers have 2 closed mortgages reporting paid as agreed.

29.10% DTI on this Full documentation loan < 50.00% guideline max - 20.90% below program guideline maximum.

34.12 months reserves > 3 months guideline minimum - borrowers have verified reserves of $92,387.12.

Credit score of 683 is 3 points above the program requirement of 680.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  9:47:41 AM 2 B 8/XX/2018 NV Primary Purchase   C B C B C B A A Non QM Non QM No
206257340           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.66910% or Final Disclosure APR of 6.67500% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliance loans.
     9/XX/2018  9:42:10 AM 1 A 8/XX/2018 NV Primary Purchase   C B C B C B A A Non QM Non QM No
206257340           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): please waive
     9/XX/2018  1:47:40 PM 2 B 8/XX/2018 NV Primary Purchase   C B C B C B A A Non QM Non QM No
206257340           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the increase to the Broker Fee.   Reviewer Comment (2019-03-01): COC provided loan program changed.


Buyer Comment (2019-03-01): Please see COC LE reflecting fee went from Lender paid to Borrower paid
 9/XX/2018  11:18:24 AM     1 A 8/XX/2018 NV Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257340           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Initial CD was issued on [Redacted] with no evidence of early receipt, borrowers signed on [Redacted].   Reviewer Comment (2019-03-01): Initial CD provided - e-signed on xx/xx/xxxx


Buyer Comment (2019-03-01): Please see ESIGN, CD sent and received on x/xx
 9/XX/2018  11:18:24 AM     1 A 8/XX/2018 NV Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257340           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Seller's fees from the seller's CD were not listed on the borrower's CD.   Buyer Comment (2019-03-01): please waive
     9/XX/2018  2:02:09 PM 2 A 8/XX/2018 NV Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257340           Compliance Compliance Federal Compliance 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. The LE issued on [Redacted] added a Broker Fee of [Redacted] without a valid change of circumstance.   Reviewer Comment (2019-03-01): COC provided loan program changed.


Buyer Comment (2019-03-01): Please see COC LE reflecting fee went from Lender paid to Borrower paid
 9/XX/2018  11:18:24 AM     1 A 8/XX/2018 NV 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
206257341           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Lender approved exception to allow FICO of [Redacted] < program requirement of [Redacted] Borrower 1 has been self-employed in Sales for XXX for the past 24 years. Borrower has been employed in the same line of work (as a XXX) for the past 20 years

Borrowers are paying off high-interest debts resulting in an overall monthly payment reduction of $1,311 per month

No mortgage late payments in the past 55 months (since 1/2014)

67.80 months of reserves > program requirement of 3 months

DSC is 206% > program requirement of 100%

LTV is 37.31% < program maximum of 65%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this requirement based on compensating factors.
     9/XX/2018  2:34:58 PM 2 B 9/XX/2018 CT Investment Refinance - Cash-out - Home Improvement   C B C B     A A     No
206257342           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Lender approved exception to allow credit score of [Redacted] vs program requirement of [Redacted]. Borrower only has 2x30 late payments on credit report (in 10/2017 on installment lien in 3/2018 on mortgage). No other late payments and borrower has 10 mortgages on credit

DSC of 145% > program requirement of 100%

56.66 months reserves > 3 months guideline minimum		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     10/XX/2018  8:50:03 AM 2 B 9/XX/2018 NJ Investment Refinance - Cash-out - Debt Consolidation   C B C B     A A     No
206257344           Credit Loan Package Documentation Loan File Missing Document: Hazard Insurance Policy not provided   Missing Blanket policy for condo   Reviewer Comment (2019-03-01): Blanket policy for condo provided.
 10/XX/2018  1:00:53 PM     1 A 10/XX/2018 NJ Investment Purchase   C A C A     A A     No
206257344           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.   Missing Blanket policy and mortgagee lender clause.   Reviewer Comment (2019-03-01): Blanket policy and mortgagee lender clause provided.
 10/XX/2018  1:08:54 PM     1 A 10/XX/2018 NJ Investment Purchase   C A C A     A A     No
206257345           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Judgments / Balance:  [Redacted], Credit Report: Original // Public Record Type: Tax Liens / Balance:  [Redacted], Credit Report: Original // Public Record Type: Tax Liens / Balance:  [Redacted] No evidence that outstanding judgment and tax liens were paid.   Reviewer Comment (2019-03-01): (Redacted) provided reflects no outstanding judgments or liens.


Buyer Comment (2019-03-01): Federal Tax lien search


Reviewer Comment (2019-03-01): State tax lien is also on data verify report without a release date and estimated closing statement. Please provide proof that it is closed.


Reviewer Comment (2019-03-01): Escalated


Buyer Comment (2019-03-01): Please escalate. The report dated x/x is an in file report not a full factual.


Reviewer Comment (2019-03-01): Seller provided a credit report dated x/x/xxxx however liens are reflected on credit report dated after on (Redacted). Exception remains


Buyer Comment (2019-03-01): Please see attached Full Factual confirming no liens or judgments, no Public Records.
 10/XX/2018  2:23:24 PM     1 A 8/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257345           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): Waived, Level 2
     9/XX/2018  7:27:44 PM 2 B 8/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257345           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the increase to the Appraisal Fee.   Buyer Comment (2019-03-01): Waived, Level 2
     9/XX/2018  7:27:21 PM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257345           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The only seller fee disclosed on the Borrower's CD was the Real Estate Commission of $[Redacted].   Buyer Comment (2019-03-01): Waived, Level 2
     9/XX/2018  7:27:01 PM 2 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257345           Compliance Compliance Federal Compliance 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 CD issued on [Redacted] increased the Appraisal Fee without a valid change of circumstance.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided.


Buyer Comment (2019-03-01): PCCD docs for you review
   9/XX/2018  11:33:59 AM   2 B 8/XX/2018 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
206257345           Credit Assets Asset Calculation / Analysis Available for Closing is insufficient to cover Cash From Borrower.   [Redacted]   Reviewer Comment (2019-03-01): Assets verified for funds to close and assets per statements in file -use of business funds allowed per CPA letter.


Buyer Comment (2019-03-01): For your review.; Statement for (REDACTED) account, #xxxx, dated  xx/xx/xxxx showing a balance of $xxxxx.xx. At time of closing Borrower's required funds were  $xx,xxx.xx .
(REDACTED) account, dated xx/xx/xxxx shows the $xxx,xxx EMD being wired to the escrow agent on (Redacted). In addition, this same statement reflects the initial $xxx,xxx being transferred in from account #xxxx.
Please escalate, I  am not clear as to why an exception was cited for funds to close.
 9/XX/2018  3:13:43 PM     1 A 8/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257346           Credit Legal / Regulatory / Compliance Title / Lien Defect Title Policy Coverage is less than Original Loan Amount.   Verified coverage   Reviewer Comment (2019-03-01): Received updated title commitment reflecting correct loan amount. Exception cleared.


Buyer Comment (2019-03-01): See attached revised title with Coverage of $xxx,xxx
 10/XX/2018  4:13:12 PM     1 A 10/04/2018 FL Investment Refinance - Cash-out - Other   C B C B     C A     No
206257346           Property Property - Appraisal Appraisal Reconciliation Desk Review value is less than Appraised value by at least 10%.   An additional third party product that supports the value used us required. In this case an additional third party product that supports the [Redacted] desk review value.   Reviewer Comment (2019-03-01): As reflected in guidelines, section xx.xx, If the value on the CDA or ARR is less than xx% but greater than xx% of appraised value of the Subject Property, then the value of the Subject Property used in the Loan to Value calculation must be reduced to the value on the CDA
or ARR. Difference in value is at exactly xx% of the original appraised value and the lower of the x was used for LTV calculations. Exception cleared.


Buyer Comment (2019-03-01): Under writer used CDA value of $xxx,xxx for LTV determination as required by GL.  See attached GL . Page xx.  Please remove exception
 10/XX/2018  4:22:08 PM     1 A 10/04/2018 FL Investment Refinance - Cash-out - Other   C B C B     C A     No
206257346           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Lender approved DSC is 122%, 22% > program requirement of 100%

No mortgage late payments in the past 47 months (since 9/2014)

Reserves are 82.11 months , 79.11 months > program requirement of 3 months		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive the exception based on compensating factors.
     10/XX/2018  4:29:59 PM 2 B 10/04/2018 FL Investment Refinance - Cash-out - Other   C B C B     C A     No
206257348           Credit Credit Miscellaneous Credit Exception:   Lender Approved Exception - Borrower unable to pay x of the x collections required prior to or at closing vs program requirement that all non-medical accounts to be paid off prior to closing.  (Note: Borrower states they are unable to reach the collectors on the following x accounts: $[Redacted] to [Redacted] and $[Redacted] to [Redacted]. LOE Provided Borrower 1 has been employed as a XXX with xxx for the past 5 years. Borrower 2 has been employedas a xxx with xxx for the past 2 years

Credit Score is 728, 8 points > program requirement of 720		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     10/XX/2018  1:25:48 PM 2 B 10/04/2018 PA Investment Purchase   C B C B     A A     No
206257349           Credit Insurance Insurance Documentation Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.       Reviewer Comment (2019-03-01): Per Guidelines coverage is not required , issue cleared.


Buyer Comment (2019-03-01): Rent Loss is not a requirement. Please review the guidelines.
 10/XX/2018  10:42:20 AM     1 A 10/XX/2018 AL Investment Purchase   C A C A     A A     No
206257349           Credit Legal / Regulatory / Compliance Title / Lien Defect Title Policy Coverage is less than Original Loan Amount.       Reviewer Comment (2019-03-01): Updated title commitment provided with policy amount of $xx,xxx.xx.


Buyer Comment (2019-03-01): Uploaded Title (CMT)
 10/XX/2018  10:44:40 AM     1 A 10/XX/2018 AL Investment Purchase   C A C A     A A     No
206257349           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility There is no evidence of landlord insurance (hazard insurance plus liability) and thus casts doubt on the business purpose of the loan.       Reviewer Comment (2019-03-01): Guidelines do not require Rent Loss Coverage (Landlord insurance). Issue cleared.


Buyer Comment (2019-03-01): There is business liability per occurance and aggregate. Please review
 10/XX/2018  11:33:14 AM     1 A 10/XX/2018 AL Investment Purchase   C A C A     A A     No
206257349           Credit Loan Package Documentation Application / Processing Missing Document: Note Addendum - Prepayment not provided   Missing x year PPP as required per the [Redacted]  loan program   Reviewer Comment (2019-03-01): Seller provided the xx/xxxxxx rate lock and details reflecting no PPP and rate adjustment for .xx% with x year PPP.


Buyer Comment (2019-03-01): Please review lock confirmation that reflects the buyout


Reviewer Comment (2019-03-01): Rate lock reflects .x% rate adjustment - please provide evidence that the rate adjustment bought out the x year PPP.


Reviewer Comment (2019-03-01): Ix guideline states that a x yr PPP required in states where permitted. Alabama allows for PPP. Exception remains.


Buyer Comment (2019-03-01): There is no PPP. Uploaded Lock Form
 10/XX/2018  12:30:26 PM     1 A 10/XX/2018 AL Investment Purchase   C A C A     A A     Yes
206257349           Credit Loan Package Documentation Closing / Title Missing Document: Rider - Other not provided   Missing the PPP rider   Reviewer Comment (2019-03-01): Seller provided the xx/xxxxxx rate lock and details reflecting no PPP and rate adjustment for .xx% with x year PPP.


Buyer Comment (2019-03-01): Please review lock confirmation that reflects the buyout


Reviewer Comment (2019-03-01): Rate lock reflects .x% rate adjustment - please provide evidence that the rate adjustment bought out the x year PPP.


Reviewer Comment (2019-03-01): Ix guideline states that a x yr PPP required in states where permitted. Alabama allows for PPP. Exception remains.


Buyer Comment (2019-03-01): There is no PPP. Uploaded Lock Form
 10/XX/2018  12:30:33 PM     1 A 10/XX/2018 AL Investment Purchase   C A C A     A A     No
206257350           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-03-01): Seller provided the loan approval dated x/xx/xxxx with a DTI of xx.xxx%.
 9/XX/2018  5:38:17 PM     1 A 8/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257350           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Reviewer Comment (2019-03-01): Seller provided the initial xxxx dated x/x/xxxx.
 9/XX/2018  5:37:48 PM     1 A 8/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257350           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The only seller fee disclosed on the Borrower's CD was the Recording Fee of [Redacted].  The Seller's CD disclosed total fees of [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  3:11:05 PM 2 A 8/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257350           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The Final CD did not disclose the x% tolerance violation for Loan Discount Points.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  3:10:15 PM 2 B 8/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257350           Compliance Compliance Federal Compliance 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 Lender did not issue a Loan Estimate within x days of the Rate Lock date of [Redacted] which would have disclosed the increase in fees; please provide a copy of the CD for the initial Rate Lock or provide proof a a cure of $[Redacted] was made to the borrower.   Reviewer Comment (2019-03-01): Change of circumstance provided.  Rate Lock


Reviewer Comment (2019-03-01): Re-opened as exception was waived in error.


Buyer Comment (2019-03-01): Please do not waive, did this in error


Buyer Comment (2019-03-01): (Redacted) has elected to waive
 9/XX/2018  11:03:02 AM     1 A 8/XX/2018 NY 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
206257350           Credit Loan Package Documentation Application / Processing Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided   Not provided in the file.  DTI taken from the Lender Exception in the file.   Reviewer Comment (2019-03-01): Seller provided the xxxx with a DTI of xx.xxx%.
 9/XX/2018  5:38:45 PM     1 A 8/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257352           Credit Loan Package Documentation Closing / Title (Missing Doc) Missing Note Addendum: Note P&I does not match calculated P&I   Loan approval is for an interest only loan, but the note is a standard ARM note, not interest only. A corrected executed note is required.   Reviewer Comment (2019-03-01): Note including xx year I/O provided.


Buyer Comment (2019-03-01): Uploaded For Review: Corrected Documents
 11/XX/2018  2:53:03 PM     1 A 10/XX/2018 CA Investment Purchase   D B D B     A A     No
206257352           Credit Property - Appraisal Appraisal Documentation Missing Document: Appraisal not provided   Loan amounts over [Redacted] require x appraisals. File only contains one appraisal dated [Redacted].   Reviewer Comment (2019-03-01): Appraisal provided.


Buyer Comment (2019-03-01): Uploaded for your review: 2nd appraisal
 11/XX/2018  11:39:41 AM     1 A 10/XX/2018 CA Investment Purchase   D B D B     A A     No
206257352           Credit Guideline General Inverse DSCR exceeds 90%.   The Inverse DSCR is [Redacted].   Reviewer Comment (2019-03-01): SFR Vacant Property Rider provided.


Buyer Comment (2019-03-01): Please see attached SFR Vacant  Property Rider with Borrower attesting that as of the date of closing, the property was vacant and no lease in effect.


Reviewer Comment (2019-03-01): Escalated to compliance for review.


Buyer Comment (2019-03-01): This is a purchase transaction, the borrower would not have been in possession of the lease(s) that were in place.


Buyer Comment (2019-03-01): This is a purchase transaction, the borrower would not have a lease for something that he did not yet own. Please escalate.


Reviewer Comment (2019-03-01): (Redacted) guide pg xx x.x, states if subject property will be leases as of the date of the loan, the actual rent will be used. xnd appraisal indicates "Tenant" for occupancy, indicating it will be leased. However, if xnd appraisal is inaccurate, then it needs to be corrected as such. If xnd appraisal is correct, then xst appraisal needs to be corrected as such.


Buyer Comment (2019-03-01): (Redacted) guidelines are silent regarding rental income for purchase transactions, attached please find FNMA Guides.


Reviewer Comment (2019-03-01): xnd appraisal provided indicates "Tenant" for occupancy. Provide lease agreement.
 11/XX/2018  1:34:16 PM     1 A 10/XX/2018 CA Investment Purchase   D B D B     A A     No
206257352           Credit Credit Miscellaneous Credit Exception:   2nd appraisal indicates "Tenant", indicating lease in place. Provide lease or have 2nd appraisal corrected to vacant or owner. If property is leased, 1st appraisal needs corrected to reflect "Tenant".   Reviewer Comment (2019-03-01): SFR Vacant Property Rider provided.


Reviewer Comment (2019-03-01): Escalated to compliance for review.


Reviewer Comment (2019-03-01): (Redacted) guide pg xx x.x, states if subject property will be leases as of the date of the loan, the actual rent will be used. xnd appraisal indicates "Tenant" for occupancy, indicating it will be leased. However, if xnd appraisal is inaccurate, then it needs to be corrected as such. If xnd appraisal is correct, then xst appraisal needs to be corrected as such.
 11/XX/2018  1:34:27 PM     1 A 10/XX/2018 CA Investment Purchase   D B D B     A A     No
206257352           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Catastrophic disaster property inspection provided, but no end date. Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Uploaded for review: Disaster Inspection
     11/XX/2018  9:02:38 AM 2 B 10/XX/2018 CA Investment Purchase   D B D B     A A     No
206257353           Credit Credit Miscellaneous Credit Exception:   Subject LTV is [Redacted] which exceeds program maximum of [Redacted]- lender acknowledged Borrower has 3 open mortgages and 1 open equity loan reporting no late since inception. No late payment on credit report since inception with earliest open date of 10/1988. No public records.

Borrower is a XXX for 16 years

12.47 months reserves > 3 months guideline minimum

762 representative FICO score > 700 guideline minimum - 62 points above guideline minimum		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     11/XX/2018  9:07:55 AM 2 B 10/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B     A A     No
206257353           Credit Loan Package Documentation Application / Processing 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: ___		   CDAIR provided with report date 1/XX/18 reflecting no damage after the disaster date 11/XX/18. Reviewer Comment (2019-03-01): (Redacted) has elected to waive with compensating factor.
     12/XX/2018  2:38:05 PM 2 B 10/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B     A A     No
206257354           Credit Missing Document General Missing Document: Verification of Non-US Citizen Status not provided       Reviewer Comment (2019-03-01): Seller provided the non-permanent residence card and I-xxxC


Buyer Comment (2019-03-01): Non Perm Res
 9/XX/2018  2:23:17 PM     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257354           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: Property is located in a FEMA Disaster area and has been affected by the disaster.       Reviewer Comment (2019-03-01): Appraisal dated (Redacted) after disaster declared end date


Buyer Comment (2019-03-01): IRMA was over a year ago and this Appraisal is effective x/xx/xx Please advise
 9/XX/2018  7:40:38 PM     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257354           Credit Legal / Regulatory / Compliance Title / Lien Defect Title Policy Coverage is less than Original Loan Amount.   The Title Policy Amount of [Redacted] is less than the note amount of [Redacted] based on the title evidence in file.   Reviewer Comment (2019-03-01): Revised Prelim with correct loan amount received.


Buyer Comment (2019-03-01): Please see Title Commitment - Elvir from Midland
 9/XX/2018  3:06:17 PM     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257354           Credit Credit Credit Eligibility There are red flags on the fraud report that have not been addressed Credit Report: Original // Borrower: Borrower: [Redacted] High alert for borrower's SSN is listed on Fraud Report yet not addressed.  Missing SSN validation as well as proof of Permanent Resident Alien status.   Reviewer Comment (2019-03-01): Seller provided a non-permanent resident card no social number and I-xxx


Buyer Comment (2019-03-01): See (Redacted)
 9/XX/2018  2:24:47 PM     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257354           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).     Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     9/XX/2018  3:50:48 PM 2 B 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM Yes
206257354           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     9/XX/2018  3:50:56 PM 2 B 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257354           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) The final CD indicates assumptions are not allowed, yet assumption verbiage is listed in the Note.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     9/XX/2018  3:51:03 PM 2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257354           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) There was an increase from $[Redacted] to $[Redacted] in discount points, an increase in the broker fee from $[Redacted], and the addition of a Survey fee of $[Redacted] without a valid changed circumstance.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     9/XX/2018  3:51:13 PM 2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257354           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The borrower's CD did not reflect the fees listed on the Seller's CD.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     9/XX/2018  3:51:23 PM 2 A 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257354           Compliance Compliance Federal Compliance 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 increased by $[Redacted] without sufficient cure.   Reviewer Comment (2019-03-01): Seller provided (Redacted) rate lock details of xx day rate re-lock for .xxx% xxx.xx.


Buyer Comment (2019-03-01): Rate Ext .xxx


Reviewer Comment (2019-03-01): Provide detail change of circumstance to increase the loan discount fee from previous LE on x/xx/xx.  Lock form provided does not provide enough details to determine what fees changed.


Buyer Comment (2019-03-01): The x/xx LE has $x,xxx in Loan Discount Points Please re review


Reviewer Comment (2019-03-01): (Redacted) received COC for x/xx/xx rate lock but did not received a COC for the x/xx/xx CD Loan Discount Points changed by .xxx% without a valid COC a refund will be due of $xxx.


Buyer Comment (2019-03-01): x/xx LE, x/xx Re Lock


Buyer Comment (2019-03-01): x/xx LE
 9/XX/2018  3:29:09 PM     1 A 8/XX/2018 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
206257354           Compliance Compliance Federal Compliance 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. The Mortgage Broker Fee increased by [Redacted] without sufficient cure.   Reviewer Comment (2019-03-01): COC provided for loan amount increase.


Buyer Comment (2019-03-01): (Redacted),LE x/xx,COC loan amount


Buyer Comment (2019-03-01): (Redacted),LE x/xx,
 9/XX/2018  3:33:10 PM     1 A 8/XX/2018 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
206257354           Compliance Compliance Federal Compliance 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. The addition of a Survey Fee of $[Redacted] was not initially disclosed to the borrower.  Please provide a valid changed circumstance or evidence of cost to cure.   Reviewer Comment (2019-03-01): (Redacted) received an attestation that Survey Fee on CD is the same fee as on the LE as Title - Survey Fee.


Buyer Comment (2019-03-01): The initial LE discloses the Survey Fee under section C on the page x of x. Please review and advise.
 9/XX/2018  11:46:19 PM     1 A 8/XX/2018 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
206257354           Credit Credit Miscellaneous Credit Exception:   Missing the compliance report as required per the guidelines   Reviewer Comment (2019-03-01): Seller provided the (Redacted) dated x/xx/xxxx.


Buyer Comment (2019-03-01): (Redacted)
 9/XX/2018  2:25:50 PM     1 A 8/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257354           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (Final/[Redacted]) FInal CD issued [Redacted] disclosed Total Interest Percentage (TIP) at [Redacted] wihich is higher than calculated amount.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Reviewer Comment (2019-03-01): Elevated


Buyer Comment (2019-03-01): Please waive


Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure is required to cure.
     9/XX/2018  11:51:32 AM 2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257354           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Fee Terminology TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on [Redacted] did not use the same fee terminology as the Loan Estimate. (Final/[Redacted]) Title - Survey Fee on LE was changed to Survey Fee on CD.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  12:55:50 PM 2 B 8/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257355           Credit Missing Document General Missing Document: Lease Agreement not provided   Per appraisal tenant occupied with lease in place at time of consummation. Missing subject lease.   Reviewer Comment (2019-03-01): Lease Agreement provided.
 11/XX/2018  11:00:49 AM     1 A 10/XX/2018 NY Investment Refinance - Cash-out - Other   C A C A     A A     No
206257355           Credit Investment Product General REO property does not have a lease in place and required by guidelines. Address: [Redacted] Per appraisal tenant occupied with lease in place at time of consummation. Missing subject lease.   Reviewer Comment (2019-03-01): Lease Agreement provided.


Buyer Comment (2019-03-01): Uploaded Lease
 11/XX/2018  11:00:58 AM     1 A 10/XX/2018 NY Investment Refinance - Cash-out - Other   C A C A     A A     No
206257355           Credit Property - Appraisal General Appraisal Requirements Subject is a refinance and property is listed for sale. Valuation Type: Appraisal / Valuation Report Date: 09/XX/2018, Valuation Type: Appraisal / Valuation Report Date: [Redacted] Both appraisals state the property is listed for sale as a FSBO since [Redacted]   Reviewer Comment (2019-03-01): Exception has been cleared as meets guidelines with 3 year prepayment penalty.


Buyer Comment (2019-03-01): loan has a 3 year PPP so guideline is waived regarding property listed for sale


Reviewer Comment (2019-03-01): Per guidelines, property may not be listed within the last 3 months. Provide additional details.
 11/XX/2018  9:30:58 AM     1 A 10/XX/2018 NY Investment Refinance - Cash-out - Other   C A C A     A A     No
206257356           Credit Loan Package Documentation Loan File Missing Document: Hazard Insurance Policy not provided       Reviewer Comment (2019-03-01): Complete policy provided.


Reviewer Comment (2019-03-01): Please provide complete policy. Documentation provided is policy change form.
 11/XX/2018  11:02:56 AM     1 A 10/XX/2018 NY Investment Purchase   C A C A     A A     No
206257356           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.       Reviewer Comment (2019-03-01): Complete policy provided.


Reviewer Comment (2019-03-01): Please provide complete policy. Documentation provided is policy change form.
 11/XX/2018  11:03:11 AM     1 A 10/XX/2018 NY Investment Purchase   C A C A     A A     No
206257356           Credit Loan Package Documentation Closing / Title Missing Document: Closing Protection Letter not provided   Missing the E&O -E&O Policy with minimum coverage of [Redacted] per claim and [Redacted] in aggregate with a deductible of no more than $[Redacted]. The title insurer must have an "A" or better rating from [Redacted] rating service.   Reviewer Comment (2019-03-01): Closing Protection Letter provided.
 11/XX/2018  3:22:33 PM     1 A 10/XX/2018 NY Investment Purchase   C A C A     A A     No
206257357           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.76480% or Final Disclosure APR of 6.76700% is in excess of allowable threshold of APOR 4.62% + 1.5%, or 6.12000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  10:12:05 AM 1 A 8/XX/2018 SC Primary Purchase   C B A A C B A A Non QM Non QM No
206257357           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  1:00:52 PM 2 B 8/XX/2018 SC Primary Purchase   C B A A C B A A Non QM Non QM Yes
206257357           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  1:01:02 PM 2 B 8/XX/2018 SC Primary Purchase   C B A A C B A A Non QM Non QM No
206257357           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Loan is an assumable ARM, CD indicates Not Assumable   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  1:01:11 PM 2 B 8/XX/2018 SC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257357           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) CD indicates $[Redacted] for amount exceeding legal limit   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  1:01:20 PM 2 B 8/XX/2018 SC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257357           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Seller's fees are only listed on Seller's CD, missing from buyer's CD   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  1:01:32 PM 2 A 8/XX/2018 SC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257357           Compliance Compliance Federal Compliance 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's changed without a VCC   Reviewer Comment (2019-03-01): Change of circumstance lender pad to borrower paid compensation to obtain lower rate


Buyer Comment (2019-03-01): Please provide what is meant by Justification?  As noted on previous files justification/communication from the Borrower is not required.  Please escalate for review and Clearance.


Reviewer Comment (2019-03-01): (Redacted) received Changed Circumstance that indicated borrower requested a change and that the compensation changed from lender paid to borrower paid.  A justification was not provided for why the compensation changed from lender paid to borrower paid.


Buyer Comment (2019-03-01): The COC and CD have been uploaded for your review.
 9/XX/2018  6:02:42 PM     1 A 8/XX/2018 SC 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
206257357           Compliance Compliance Federal Compliance 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. Fee's changed without a VCC   Reviewer Comment (2019-03-01): $25.00 credit provided at closing for increase in appraisal fee.


Buyer Comment (2019-03-01): Proof of Cure for $25 attached.
 9/XX/2018  5:25:44 PM     1 A 8/XX/2018 SC 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
206257357           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) CD issue date[Redacted] > Closing date less 6 days [Redacted] and CD received date[Redacted]> closing date less 3 days[Redacted].   Reviewer Comment (2019-03-01): Received Initial CD tracking history.


Buyer Comment (2019-03-01): Initial CD Tracking uploaded for your review. Thank you.
 9/XX/2018  5:36:36 PM     1 A 8/XX/2018 SC Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257357           Compliance Compliance Federal Compliance 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. Sufficient or excess cure was provided to the borrower       9/XX/2018  6:02:42 PM   1 A 8/XX/2018 SC Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
206257358           Credit Missing Document General Missing Document: Lease Agreement not provided   No lease agreement located in Docs - appraisal for [Redacted] reflects owner occupied - loan program is for investment   Reviewer Comment (2019-03-01): Program is Investor No Ratio. Leases not required.


Buyer Comment (2019-03-01): See new guides Lease is not required
 11/XX/2018  3:13:04 PM     1 A 11/XX/2018 HI Investment Refinance - Cash-out - Other   D B D B     A A     No
206257358           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility The appraisal does not show the property is Tenant Occupied or Vacant and thus casts doubt on the business purpose of the loan.   Appraisal reflects subject is owner occupied  no lease for subject and 1003 reflects subject is a investment loan program SPI3 investor.   Reviewer Comment (2019-03-01): Program is Investor No Ratio. Leases not required.


Buyer Comment (2019-03-01): See revised Appraisal Tenant occupied
 11/XX/2018  3:13:16 PM     1 A 11/XX/2018 HI Investment Refinance - Cash-out - Other   D B D B     A A     No
206257358           Credit Credit Credit Documentation There is no lease in place for the subject property and the absence of this document casts doubt on business purpose of loan.   No lease located in loan docs No lease agreement located in Docs - appraisal for [Redacted] reflects owner occupied - loan program is for investment   Reviewer Comment (2019-03-01): Program is Investor No Ratio. Leases not required.
 11/XX/2018  3:13:29 PM     1 A 11/XX/2018 HI Investment Refinance - Cash-out - Other   D B D B     A A     No
206257358           Credit Legal / Regulatory / Compliance Title / Lien Defect Title Policy Coverage is less than Original Loan Amount.   Verified Coverage on thew Commitment - this is not final policy   Reviewer Comment (2019-03-01): Final Title Policy provided.


Buyer Comment (2019-03-01): Final Title Policy
 11/XX/2018  6:36:07 PM     1 A 11/XX/2018 HI Investment Refinance - Cash-out - Other   D B D B     A A     No
206257358           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Questionable Occupancy: Valuation occupancy differs from occupancy on loan approval. Valuation Type: Appraisal / Valuation Report Date: [Redacted] Appraisal reflects subject is owner occupied  no lease for subject and 1003 reflects subject is a investment loan program SPI3 investor.   Reviewer Comment (2019-03-01): Program is Investor No Ratio. Leases not required.


Buyer Comment (2019-03-01): Appraisal reflects Tenant occupied
 11/XX/2018  3:13:41 PM     1 A 11/XX/2018 HI Investment Refinance - Cash-out - Other   D B D B     A A     No
206257358           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___.   Borrower has 1 open mortgage and 1 open HELOC reporting not late since inception. No late in credit report.

Borrower is self-employed as XXX XXX, for 16 years

Credit Score is 708, 68 points > program requirement 700		 Reviewer Comment (2019-03-01): Loan amount is $x,xxx,xxx.xx vs program maximum of $x million at xx% LTV.


Buyer Comment (2019-03-01): Exception uploaded
     11/XX/2018  10:52:11 AM 2 B 11/XX/2018 HI Investment Refinance - Cash-out - Other   D B D B     A A     No
206257358           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Combined loan to value discrepancy. Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___.   Borrower has 1 open mortgage and 1 open HELOC reporting not late since inception. No late in credit report.

Borrower is self-employed as XXX XXX, for 16 years

Credit Score is 708, 68 points > program requirement 700		 Reviewer Comment (2019-03-01): Loan amount is $x,xxx,xxx.xx vs program maximum of $x million at xx% LTV.


Buyer Comment (2019-03-01): Exception Approval
     11/XX/2018  10:52:30 AM 2 B 11/XX/2018 HI Investment Refinance - Cash-out - Other   D B D B     A A     No
206257358           Credit Credit Miscellaneous Credit Exception:   Allow re-certification of value for an appraisal that expired on [Redacted] vs program requirement of obtaining a new appraisal. Lender approved   Reviewer Comment (2019-03-01): Lender provided the updated appraisal report dated xx/x/xxxx (effective date).


Reviewer Comment (2019-03-01): Incorrectly waived


Reviewer Comment (2019-03-01): Lender has elected to waive this exception based on compensating factors.
 12/XX/2018  4:36:31 PM     1 A 11/XX/2018 HI Investment Refinance - Cash-out - Other   D B D B     A A     No
206257358           Credit Property - Appraisal General Appraisal Requirements Rent schedule is missing on lease property Address: [Redacted] Appraisal dated [Redacted] reflects owner occupied not a investment no lease, missing second appraisal for [Redacted] per lender exception in file   Reviewer Comment (2019-03-01): Program is Investor No Ratio. Leases not required.


Buyer Comment (2019-03-01): DSC is not required on SP Ix (x.x Page xx) Rent Schedule not required
 11/XX/2018  3:13:59 PM     1 A 11/XX/2018 HI Investment Refinance - Cash-out - Other   D B D B     A A     No
206257358           Credit Property - Appraisal Appraisal Documentation Missing Document: Appraisal not provided   Missing second full appraisal as required per the guides for loan amount > [Redacted]   Reviewer Comment (2019-03-01): Only x appraisal required if loan amount is under x.x million.


Buyer Comment (2019-03-01): See new guides. x appraisals required when loan amount is x.x million and higher (xx.x page xxx)
 11/XX/2018  3:16:49 PM     1 A 11/XX/2018 HI Investment Refinance - Cash-out - Other   D B D B     A A     No
206257358           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.       Reviewer Comment (2019-03-01): Appraisal xx/x/xxxx reflects no damage.
 12/XX/2018  5:05:03 PM     1 A 11/XX/2018 HI Investment Refinance - Cash-out - Other   D B D B     A A     No
206257359           Credit Loan Package Documentation Closing / Title Missing Document: Rider - Other not provided   SFR Riders missing   Reviewer Comment (2019-03-01): SFR Riders not required per deed.


Buyer Comment (2019-03-01): See Trailing document
 11/XX/2018  11:32:05 AM     1 A 10/XX/2018 CA Investment Refinance - Cash-out - Other   C A C A     A A     No
206257359           Credit Credit Miscellaneous Credit Exception:   Missing page x of [Redacted] of the Security Instrument.   Reviewer Comment (2019-03-01): page x of x-xx of the Security Instrument have been provided.
 11/XX/2018  11:32:33 AM     1 A 10/XX/2018 CA Investment Refinance - Cash-out - Other   C A C A     A A     No
206257360           Credit System General Insurance address does not match Note address.   The address on the HOI binder reflects: [Redacted] XXX - subject property is [Redacted] XXX   Reviewer Comment (2019-03-01): Revised HOI with corrected address provided,.


Buyer Comment (2019-03-01): Revised HOI uploaded for your review.
 11/XX/2018  12:08:16 PM     1 A 11/XX/2018 CA Investment Purchase   C B C B     A A     No
206257360           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: Property is located in a FEMA Disaster area and has been affected by the disaster. Disaster Name: ___
Disaster Declaration Date: ___		     Reviewer Comment (2019-03-01): Received/reviewed CDAIR report. Property undamaged.


Buyer Comment (2019-03-01): Please see CDAIR report uploaded for your review.


Reviewer Comment (2019-03-01): Per lender exception, CDAIR inspection report dated xx/xx/xxxx exists. Please provided inspection report.


Buyer Comment (2019-03-01): Please see attached exception for FEMA No End Date.
 11/XX/2018  6:28:06 AM     1 A 11/XX/2018 CA Investment Purchase   C B C B     A A     No
206257360           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Credit score is 739, 99 points > program requirement of 640

Property inspected post disaster but pre-FEMA declaration of disaster end date.

No late payment on credit report since inception with earliest open date of 02/2001

Credit score is 739, 99 points> program requiremet of 640		 Reviewer Comment (2019-03-01): Lender approved exception with compensating factors.


Buyer Comment (2019-03-01): Please see CDAIR report uploaded for your review.


Reviewer Comment (2019-03-01): Per lender exception, CDAIR inspection report dated xx/xx/xxxx exists. Please provided inspection report.


Buyer Comment (2019-03-01): Please see FEMA no end date exception uploaded for your review.
     11/XX/2018  6:34:20 AM 2 B 11/XX/2018 CA Investment Purchase   C B C B     A A     No
206257361           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   Missing Lenders initial [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive this item.
     9/XX/2018  11:41:52 AM 2 B 8/XX/2018 CO Primary Purchase   C B C A C B A A Non QM Non QM No
206257361           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower. Anti Steering Disclosure not provided to borrower   Buyer Comment (2019-03-01): (Redacted) has elected to waive this item.
     9/XX/2018  11:42:34 AM 2 B 8/XX/2018 CO Primary Purchase   C B C A C B A A Non QM Non QM No
206257361           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.91720% or Final Disclosure APR of 6.92100% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Mortgage Loan. APR on Final Disclosure is in excess  of threshold of 6.07%   Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  11:38:26 AM 1 A 8/XX/2018 CO Primary Purchase   C B C A C B A A Non QM Non QM No
206257361           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%). Points and fees on the loan ([Redacted]) are in excess of the allowable investor maximum of [Redacted] resulting in an overage of .[Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive this item.
     9/XX/2018  5:05:59 PM 2 B 8/XX/2018 CO Primary Purchase   C B C A C B A A Non QM Non QM Yes
206257361           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator  Compensation disclosure not provded   Buyer Comment (2019-03-01): (Redacted) has elected to waive this item.
     9/XX/2018  12:47:48 PM 2 B 8/XX/2018 CO Primary Purchase   C B C A C B A A Non QM Non QM No
206257361           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Initial Closing Disclosure not provided at least x business days prior to closing   Reviewer Comment (2019-03-01): (Redacted) received evidence that Borrower received Initial CD on x/xx/xx.
 9/XX/2018  5:00:18 PM     1 A 8/XX/2018 CO Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257361           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Valid CoC or cure not provided for increase in fees.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this item.
     9/XX/2018  5:05:37 PM 2 B 8/XX/2018 CO Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257361           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Closing Protection Letter Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Closing protection letter fee amount $xxx exceeds tolerance of $x. No cure provided to borrower   Reviewer Comment (2019-03-01): Final CD issued on x/xx/xx disclosed only x title related fees, Title - Closing Fee $xxx, Title - Lender's Title Insurance $x,xxx.xx, and Title - Settlement Fee $xxx.xx.  No tolerance violation exists.
 9/XX/2018  5:15:51 PM     1 A 8/XX/2018 CO 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
206257361           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Seller's final CD contained additional fees of [Redacted] not reflected on the consumer's CD.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this item.
     9/XX/2018  5:06:51 PM 2 A 8/XX/2018 CO Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257361           Credit Credit Miscellaneous Credit Exception:   Missing the compliance report as required per guidelines.   Reviewer Comment (2019-03-01): Seller provided the (Redacted) compliance report dated x/xx/xxxx.


Buyer Comment (2019-03-01): Compliance report uploaded for your review.
 9/XX/2018  11:35:09 AM     1 A 8/XX/2018 CO Primary Purchase   C B C A C B A A Non QM Non QM No
206257361           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure x/xx/xxxx 12:00:00 AM was received. (Interim/[Redacted]) Evidence Revised LE issued on [Redacted] was received prior to closing was not found.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this EVx item.
     9/XX/2018  10:11:43 AM 2 B 8/XX/2018 CO Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257362           Credit Loan Package Documentation Closing / Title Missing Document: Closing Protection Letter not provided   Subject property is in NY.  The title agency preparing the title abstract must provide an E&O Policy with minimum coverage of [Redacted] per claim and [Redacted] in aggregate with a deductible of no more than $[Redacted]. The title insurer must have an "A" or better rating from [Redacted] rating service.   Reviewer Comment (2019-03-01): Closing Protection Letter provided.
 11/XX/2018  3:33:42 PM     1 A 11/XX/2018 NY Investment Purchase   C A C A     A A     No
206257363           Credit Missing Document General Missing Document: Lease Agreement not provided   The file is missing new lease, receipt of a security deposit and one month of rent.   Reviewer Comment (2019-03-01): SFR Vacant Property Rider provided.


Buyer Comment (2019-03-01): This is a purchase transaction. Rental income based off of appraisal of $x,xxx.xx a month. Please clear
 11/XX/2018  9:52:28 AM     1 A 11/XX/2018 NY Investment Purchase   C A C A     A A     No
206257363           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Tax Liens / Balance:  [Redacted]     Reviewer Comment (2019-03-01): No reflected on CBR or final title.


Buyer Comment (2019-03-01): Credit report does not reflect any Public Records. Please clear
 11/XX/2018  9:55:33 AM     1 A 11/XX/2018 NY Investment Purchase   C A C A     A A     No
206257364           Credit Missing Document General Missing Document: Lease Agreement not provided   Lease agreement missing from loan docs. Appraisal verifies property is tenant occupied for [Redacted].   Reviewer Comment (2019-03-01): SFR Vacant Property Rider provided.


Buyer Comment (2019-03-01): This is a purchase transaction, rental income was based off appraisal of $x,xxx.xx a month. Please clear.
 11/XX/2018  9:49:05 AM     1 A 11/XX/2018 PA Investment Purchase   C A C A     A A     No
206257365           Credit Collateral Missing/Incorrect Missing document: Lease on leasehold property is not in file   Leasehold property.  Leasehold missing.  Lender approved exception in file.   Reviewer Comment (2019-03-01): Seller provided a copy of the lease for xx years dated x/xx/xxxx.


Reviewer Comment (2019-03-01): (Redacted) incorrectly waived.


Buyer Comment (2019-03-01): Lease has been uploaded for your review.


Buyer Comment (2019-03-01): For your review, Lease


Reviewer Comment (2019-03-01): (Redacted) mortgage has elected to waive this exception based on compensating factors.
 9/XX/2018  10:51:58 AM     1 A 8/XX/2018 FL Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257365           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.76650% or Final Disclosure APR of 6.76400% is in excess of allowable threshold of APOR 4.66% + 1.5%, or 6.16000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  2:37:08 PM 1 A 8/XX/2018 FL Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257365           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing   Buyer Comment (2019-03-01): Waived, Level 2
     9/XX/2018  2:45:26 PM 2 B 8/XX/2018 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
206257365           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Initial CD was provided on [Redacted] with no evidence of early receipt.   Reviewer Comment (2019-03-01): Document provided confirms receipt of Initial CD


Buyer Comment (2019-03-01): Attached is the Master Lease for the above exception. I cannot get it to attach there as I  inadvertently waived it in that section. Please open an clear.


Buyer Comment (2019-03-01): For your review, Disclosure Tracking of CD
 9/XX/2018  3:45:38 PM     1 A 8/XX/2018 FL Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206257365           Compliance Compliance Federal Compliance 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. Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Missing proof of valid change, insufficient or no cure was provided to the borrower.   Reviewer Comment (2019-03-01): (Redacted) received letter of explanation, proof of delivery, copy of refund check, and corrected CD.


Buyer Comment (2019-03-01): LOX-Check-Label


Reviewer Comment (2019-03-01): (Redacted) received Post Close CD.  Still need the following: Letter of Explanation, Proof of Delivery, Copy of Refund Check.


Buyer Comment (2019-03-01): For your review, PC-CD


Buyer Comment (2019-03-01): For your review, PCCD docs.
   9/XX/2018  11:47:20 AM   2 B 8/XX/2018 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
206257366           Credit Loan Package Documentation Loan File Missing Document: Hazard Insurance Policy not provided   N o evidence of coverage only a quote dated [Redacted] expiring in [Redacted] days. No binder or policy in file   Reviewer Comment (2019-03-01): Hazard insurance policy binder provided.


Buyer Comment (2019-03-01): The insurance reflects that the DATE BOUND was xx-xx-xxxx with a POLICY TERM of xx months.. Please clear


Reviewer Comment (2019-03-01): Received hazard policy,however the policy term reflected on the document reflects "requested policy period".  Please provide the borrower's declaration page or policy showing the actual policy period.
 11/XX/2018  10:49:36 AM     1 A 11/XX/2018 FL Investment Purchase   C A C A     A A     No
206257366           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance premium is missing from evidence of insurance.   Hazard missing   Reviewer Comment (2019-03-01): Received hazard binder. Condition cleared.


Buyer Comment (2019-03-01): Please see uploaded HOI
 11/XX/2018  6:16:58 AM     1 A 11/XX/2018 FL Investment Purchase   C A C A     A A     No
206257366           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance policy effective date is missing from evidence of insurance.   Hazard missing   Reviewer Comment (2019-03-01): Received hazard binder. Condition cleared.


Buyer Comment (2019-03-01): Please see uploaded HOI
 11/XX/2018  6:17:11 AM     1 A 11/XX/2018 FL Investment Purchase   C A C A     A A     No
206257366           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance policy expiration date is missing from evidence of insurance.   Hazard missing   Reviewer Comment (2019-03-01): Received hazard binder. Condition cleared.


Buyer Comment (2019-03-01): Please see uploaded HOI
 11/XX/2018  6:17:20 AM     1 A 11/XX/2018 FL Investment Purchase   C A C A     A A     No
206257366           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance policy coverage amount is missing from evidence of insurance.   Hazard missing   Reviewer Comment (2019-03-01): Received hazard binder. Condition cleared.


Buyer Comment (2019-03-01): Please see uploaded HOI
 11/XX/2018  6:17:28 AM     1 A 11/XX/2018 FL Investment Purchase   C A C A     A A     No
206257366           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance policy number is missing from evidence of insurance.   Hazard missing   Reviewer Comment (2019-03-01): Received hazard binder. Condition cleared.


Buyer Comment (2019-03-01): Please see uploaded HOI
 11/XX/2018  6:17:37 AM     1 A 11/XX/2018 FL Investment Purchase   C A C A     A A     No
206257366           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility There is no evidence of landlord insurance (hazard insurance plus liability) and thus casts doubt on the business purpose of the loan.   Hazard missing   Reviewer Comment (2019-03-01): Received hazard binder. Condition cleared.


Buyer Comment (2019-03-01): Please see uploaded HOI
 11/XX/2018  6:17:58 AM     1 A 11/XX/2018 FL Investment Purchase   C A C A     A A     No
206257366           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard missing   Reviewer Comment (2019-03-01): Received hazard binder. Condition cleared.


Buyer Comment (2019-03-01): Please see uploaded HOI
 11/XX/2018  6:18:06 AM     1 A 11/XX/2018 FL Investment Purchase   C A C A     A A     No
206257366           Credit Insurance Insurance Documentation Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.       Reviewer Comment (2019-03-01): Received hazard binder. Condition cleared.


Buyer Comment (2019-03-01): Please see uploaded HOI
 11/XX/2018  6:18:11 AM     1 A 11/XX/2018 FL Investment Purchase   C A C A     A A     No
206257366           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.   Hazard Missing   Reviewer Comment (2019-03-01): Received hazard binder. Condition cleared.


Buyer Comment (2019-03-01): Please see uploaded HOI
 11/XX/2018  6:18:16 AM     1 A 11/XX/2018 FL Investment Purchase   C A C A     A A     No
206257368           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.16760% or Final Disclosure APR of 6.17700% is in excess of allowable threshold of APOR 4.63% + 1.5%, or 6.13000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  2:27:28 PM 1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
206257369           Credit Credit Miscellaneous Credit Exception:   Lender Approved Exception - Investor Concentration is [Redacted] ([Redacted] out of [Redacted] units) vs program requirement that no more than [Redacted] of total units in the subject project may be renter occupied No public records and no Derogatory credit

Reserves are 14.36 months, 12.36 months > program requirement of 12

Credit Score is 708, 8 points > program requirement of 700

Zero home ownership association dues delinquency. Long Established project that was first marketed in 2009

Long Established project that was first marketed in 2009		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     11/XX/2018  3:15:07 PM 2 B 11/XX/2018 FL Investment Purchase   D B D B     A A     No
206257369           Credit Credit Miscellaneous Credit Exception:   Lender Approved Exception - Pre-sale is [Redacted] ([Redacted] out of [Redacted] units) vs program requirement that [Redacted] of the units must have been sold or under contract if the project has been marketed for more than eighteen months No public records and no Derogatory credit

Reserves are 14.36 months, 12.36 months > program requirement of 12

Credit Score is 708, 8 points > program requirement of 700

Zero home ownership association dues delinquency. Long Established project that was first marketed in 2009

Long Established project that was first marketed in 2009		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     11/XX/2018  3:15:25 PM 2 B 11/XX/2018 FL Investment Purchase   D B D B     A A     No
206257369           Credit Loan Package Documentation Loan File Missing Document: Hazard Insurance Policy not provided   Master Condo Policy and [Redacted] missing from loan docs   Reviewer Comment (2019-03-01): Master Condo Policy provided.


Buyer Comment (2019-03-01): Please see Master HOI, please see HOx page x


Reviewer Comment (2019-03-01): Received HO-x policy, however the rent loss coverage amount was not provided.  Still missing master policy.


Buyer Comment (2019-03-01): Please see HOI
 12/XX/2018  2:36:23 PM     1 A 11/XX/2018 FL Investment Purchase   D B D B     A A     No
206257369           Credit Missing Document General Missing Document: Lease Agreement not provided   No lease agreement located in loan docs - appraisal verifies property is tenant occupied   Reviewer Comment (2019-03-01): SFR Vacant Property rider provided. Condition cleared.


Buyer Comment (2019-03-01): Please see SFR VACANCY RIDER - pages xx-xx reflect subject will be vacant at closing and there is no lease in place
 11/XX/2018  1:44:32 PM     1 A 11/XX/2018 FL Investment Purchase   D B D B     A A     No
206257369           Credit Loan Package Documentation Application / Processing Missing Document: Purchase Agreement / Sales Contract not provided   Pur[Redacted]and sales contract missing from loan docs   Reviewer Comment (2019-03-01): Purchase Agreement / Sales Contract provided.


Buyer Comment (2019-03-01): Please see PURCHASE CONTRACT x


Reviewer Comment (2019-03-01): Purchase contract was not included in trailing docs.


Buyer Comment (2019-03-01): Please see PURCHASE CONTRACT
 12/XX/2018  7:42:50 AM     1 A 11/XX/2018 FL Investment Purchase   D B D B     A A     No
206257369           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance policy effective date is missing from evidence of insurance.   Condo Master Policy missing from loan docs - [Redacted] missing from documents also   Reviewer Comment (2019-03-01): Received HO-x policy. Cleared.


Buyer Comment (2019-03-01): Please see HOI
 11/XX/2018  1:54:34 PM     1 A 11/XX/2018 FL Investment Purchase   D B D B     A A     No
206257369           Credit Borrower and Mortgage Eligibility Credit Eligibility Non-permanent Resident Aliens or Foreign Nationals are considered on a case by case basis.  Confirm residency requirements with Investor Guidelines. Borrower: [Redacted] Only a drivers license is located in loan docs - no other Verfication of non resident   Reviewer Comment (2019-03-01): Passport provided.


Buyer Comment (2019-03-01): Please see PASSPORT
 12/XX/2018  2:41:30 PM     1 A 11/XX/2018 FL Investment Purchase   D B D B     A A     No
206257369           Credit Insurance Insurance Documentation Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.   HO6 Binder missing from loan docs - Master policy Also missing   Reviewer Comment (2019-03-01): HOx Binder and Master policy provided.


Reviewer Comment (2019-03-01): Policy does not provide for amount for rental loss coverage


Buyer Comment (2019-03-01): Please see HOI - page x reflects Unit Owners Rental to Others premium collected
 12/XX/2018  2:39:43 PM     1 A 11/XX/2018 FL Investment Purchase   D B D B     A A     No
206257369           Credit Insurance Insurance Documentation Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.       Reviewer Comment (2019-03-01): Duplicate exception. Cleared


Buyer Comment (2019-03-01): Please see HOI - page x reflects Unit Owners Rental to Others premium collected
 11/XX/2018  1:55:30 PM     1 A 11/XX/2018 FL Investment Purchase   D B D B     A A     No
206257369           Credit Credit Credit Documentation There is no lease in place for the subject property and the absence of this document casts doubt on business purpose of loan.   No lease located in loan docs - appraisal does verify property is tenant occupied   Reviewer Comment (2019-03-01): Received SFR vacant property rider. Condition cleared.


Buyer Comment (2019-03-01): Please see SFR VACANCY RIDER - page xx-xx reflect subject is vacant at closing and no lease is in effect
 11/XX/2018  1:56:27 PM     1 A 11/XX/2018 FL Investment Purchase   D B D B     A A     No
206257369           Credit Missing Document General Missing Document: Verification of Non-US Citizen Status not provided   Missing from loan docs   Reviewer Comment (2019-03-01): Passport provided.


Buyer Comment (2019-03-01): Please see PASSPORT
 12/XX/2018  2:42:11 PM     1 A 11/XX/2018 FL Investment Purchase   D B D B     A A     No
206257369           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance policy expiration date is missing from evidence of insurance.   HO6 policy missing from loan docs   Reviewer Comment (2019-03-01): Received HO-x policy. Cleared.


Buyer Comment (2019-03-01): Please see HOI
 11/XX/2018  1:56:46 PM     1 A 11/XX/2018 FL Investment Purchase   D B D B     A A     No
206257369           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance policy number is missing from evidence of insurance.   Missing from loan docs   Reviewer Comment (2019-03-01): Received HO-x policy. Cleared.


Buyer Comment (2019-03-01): Please see HOI
 11/XX/2018  1:57:04 PM     1 A 11/XX/2018 FL Investment Purchase   D B D B     A A     No
206257369           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility There is no evidence of landlord insurance (hazard insurance plus liability) and thus casts doubt on the business purpose of the loan.   HO6 missing from loan docs   Reviewer Comment (2019-03-01): HOx Binder and Master policy provided.


Buyer Comment (2019-03-01): Please see HOx page x reflects under the Policy Forms and Endorsements reflects Unit Owners Rental to Others


Reviewer Comment (2019-03-01): HO-x policy does not provide an amount for rental loss coverage.


Buyer Comment (2019-03-01): Please see HOI - page x reflects rent loss coverage
 12/XX/2018  2:40:15 PM     1 A 11/XX/2018 FL Investment Purchase   D B D B     A A     No
206257369           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Foreign borrower No public records and no Derogatory credit

Credit Score is 708, 8 points > program requirement of 700

Zero home ownership association dues delinquency. Long Established project that was first marketed in 2009		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.


Buyer Comment (2019-03-01): Please see APPROVED REVISED EXCEPTION


Buyer Comment (2019-03-01): Credit exception uploaded for review.
     1/XX/2019  9:06:56 AM 2 B 11/XX/2018 FL Investment Purchase   D B D B     A A     No
206257369           Credit Insurance Insurance Documentation Missing Document: Hazard Dec Page not provided   Received HO6 policy, however file is still missing the master policy.   Reviewer Comment (2019-03-01): HOx Binder and Master policy provided.


Buyer Comment (2019-03-01): Please see MASTER HOI
 12/XX/2018  2:40:33 PM     1 A 11/XX/2018 FL Investment Purchase   D B D B     A A     No
206257369           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___.   No public records and no Derogatory credit

Credit Score is 708, 8 points > program requirement of 700

Zero home ownership association dues delinquency. Long Established project that was first marketed in 2009

Long Established project that was first marketed in 2009		 Reviewer Comment (2019-03-01): (Redacted) has elected to waived this exception based on compensating factors.
     1/XX/2019  12:51:59 PM 2 B 11/XX/2018 FL Investment Purchase   D B D B     A A     No
206257369           Credit Assets Asset Documentation Insufficient funds for Reserves. Guidelines require ___, and verified reserves are ___.   No public records and no Derogatory credit

Credit Score is 708, 8 points > program requirement of 700

Zero home ownership association dues delinquency. Long Established project that was first marketed in 2009		 Reviewer Comment (2019-03-01): (Redacted) has elected to waived this exception based on compensating factors.
     1/XX/2019  12:52:18 PM 2 B 11/XX/2018 FL Investment Purchase   D B D B     A A     No
206257369           Credit Fix and Flip General Insufficient funds for Reserves. Guidelines require ___  of reserves, and verified reserves are ___.   No public records and no Derogatory credit

Credit Score is 708, 8 points > program requirement of 700

Zero home ownership association dues delinquency. Long Established project that was first marketed in 2009		 Reviewer Comment (2019-03-01): (Redacted) has elected to waived this exception based on compensating factors.
     1/XX/2019  12:52:34 PM 2 B 11/XX/2018 FL Investment Purchase   D B D B     A A     No
206257370           Credit System General Flood Certificate Subject Address does not match Note address.   Flood address reflected as [Redacted]   Reviewer Comment (2019-03-01): Per the USPS address on Flood delivers to same address as note.


Reviewer Comment (2019-03-01): Received USPS address verification reflecting address is xxx (REDACTED) #xxx which is the same address on the flood cert., however all documents in the file indicate address is xxx-xxx (REDACTED). evidencing that subject is a x family property. The address verified by USPS indicates subject is a single family dwelling.


Buyer Comment (2019-03-01): Its the same address -- Recognized by USPS.  Please remove the exception.
 11/XX/2018  12:29:04 PM     1 A 11/XX/2018 OH Investment Refinance - Cash-out - Other   C A C A     A A     No
206257371           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.84960% or Final Disclosure APR of 6.85100% is in excess of allowable threshold of APOR 4.65% + 1.5%, or 6.15000%.  Compliant Higher Priced Mortgage Loan. Compliant Higher Priced Mortgage.   Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  2:44:28 PM 1 A 8/XX/2018 FL Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
206257371           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).     Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     9/XX/2018  6:06:34 PM 2 B 8/XX/2018 FL Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM Yes
206257371           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2019-03-01): Seller provided the LO compensation disclosure dated x/x/xxxx.


Buyer Comment (2019-03-01): Broker Fee,
 9/XX/2018  3:07:52 PM     1 A 8/XX/2018 FL Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
206257371           Compliance Compliance Federal Compliance 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. Cure of [Redacted] is insufficient to cure all open tolerance exceptions   Reviewer Comment (2019-03-01): Cure of xx.xx provided at closing clears this exception.


Buyer Comment (2019-03-01): See Executed CD Line J Lender credit
 9/XX/2018  2:50:43 PM     1 A 8/XX/2018 FL Primary Refinance - Cash-out - Debt Consolidation 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
206257371           Compliance Compliance Federal Compliance TRID Invalid Section A Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on [Redacted] reflects a Paid To party other than to lender or broker for fee within Origination Charges. (Final/[Redacted]) Final Closing Disclosure provided on [Redacted] reflects a Paid To party other than to broker for fee within Origination Charges. (Appraisal Desk Review paid to Third Party Provider in Section A.)   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     9/XX/2018  3:04:10 PM 2 B 8/XX/2018 FL Primary Refinance - Cash-out - Debt Consolidation Good Faith Redisclosure C B A A C B A A Non QM Non QM Yes
206257371           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Projected Principal And Interest Payment Max Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed a maximum periodic principal and interest payment for payment stream 4 that does not match the actual maximum payment for the loan. (ProjSeq:4/538899) Final Closing Disclosure provided on [Redacted] disclosed the amount of the maximum P&I payment as $[Redacted], however, the calculated maximum P&I payment is $[Redacted].   Reviewer Comment (2019-03-01): Exception has been cleared after Note data entry was reviewed for initial max at first change and periodic's.


Buyer Comment (2019-03-01): Attached is Ellie Mae findings for the payment stream issues
 10/XX/2018  11:17:42 AM     1 A 8/XX/2018 FL Primary Refinance - Cash-out - Debt Consolidation 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
206257371           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Projected Principal And Interest Payment Max Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed a maximum periodic principal and interest payment for payment stream 3 that does not match the actual maximum payment for the loan. (ProjSeq:3/538898) Final Closing Disclosure provided on [Redacted] disclosed the amount of the maximum P&I payment as $[Redacted], however, the calculated maximum P&I payment is $[Redacted].   Reviewer Comment (2019-03-01): Exception has been cleared after Note data entry was reviewed for initial max at first change and periodic's.
 10/XX/2018  11:17:42 AM     1 A 8/XX/2018 FL Primary Refinance - Cash-out - Debt Consolidation 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
206257371           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Projected Principal And Interest Payment Max Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed a maximum periodic principal and interest payment for payment stream 2 that does not match the actual maximum payment for the loan. (ProjSeq:2/538897) Final Closing Disclosure provided on [Redacted] disclosed the amount of the maximum P&I payment as $[Redacted], however, the calculated maximum P&I payment is $[Redacted].   Reviewer Comment (2019-03-01): Exception has been cleared after Note data entry was reviewed for initial max at first change and periodic's.
 10/XX/2018  11:17:42 AM     1 A 8/XX/2018 FL Primary Refinance - Cash-out - Debt Consolidation 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
206257371           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Borrower Paid Other Costs Total Section I TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed Total Other Costs (Borrower-Paid) (Section I) that does not match sum of fees. (Final/[Redacted]) Unable to determine source of variance - confirmed that Borrower Paid Section I total is [Redacted] - unable to reconcile to calculated value of $[Redacted].   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     9/XX/2018  3:04:19 PM 2 B 8/XX/2018 FL Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257371           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Interest Rate Max Rate In Year TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [Redacted] with an increasing rate disclosed the first date when the interest rate can reach the maximum that does not match the actual first date for the loan. (Final/[Redacted]) Final Closing Disclosure provided on [Redacted] disclosed the date of the maximum rate in year [Redacted], however, the actual maximum rate occurs in x years.   Reviewer Comment (2019-03-01): Exception has been cleared after Note data entry was reviewed for initial max at first change and periodic's.
 10/XX/2018  11:17:42 AM     1 A 8/XX/2018 FL Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257371           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Payment Max Amount TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [Redacted] with an increasing payment disclosed the maximum possible amount of principal and interest that does not match the actual maximum amount for the loan. (Final/[Redacted]) Final Closing Disclosure provided on [Redacted] disclosed the amount of the maximum P&I payment as $[Redacted], however, the calculated maximum P&I payment is $[Redacted].   Reviewer Comment (2019-03-01): Exception has been cleared after Note data entry was reviewed for initial max at first change and periodic's.
 10/XX/2018  11:17:42 AM     1 A 8/XX/2018 FL Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257371           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Payment Max Amount In Year TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [Redacted] with an increasing payment disclosed the earliest date of the maximum possible amount of principal and interest that does not match the actual earliest date for the loan. (Final/[Redacted]) Final Closing Disclosure provided on [Redacted] disclosed the date of the maximum rate in year [Redacted], however, the actual maximum rate occurs in x years.   Reviewer Comment (2019-03-01): Exception has been cleared after Note data entry was reviewed for initial max at first change and periodic's.
 10/XX/2018  11:17:42 AM     1 A 8/XX/2018 FL Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257371           Compliance Compliance Federal Compliance 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. A cure for [Redacted]was provided to the borrower at closing.       9/XX/2018  1:07:27 PM   1 A 8/XX/2018 FL Primary Refinance - Cash-out - Debt Consolidation Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
206257371           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title Misc Charges.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing. A cure for [Redacted]was not evident in the Final CD.       9/XX/2018  1:07:27 PM   1 A 8/XX/2018 FL Primary Refinance - Cash-out - Debt Consolidation Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
206257371           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Service Charges.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Confirmed that cure did not include this amount.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-03-01): LOX,PCCD,Check and Label


Buyer Comment (2019-03-01): LOX,PCCD,Check


Buyer Comment (2019-03-01): LOX,PCCD,


Buyer Comment (2019-03-01): LOX


Reviewer Comment (2019-03-01): (Redacted) received a COC dated x/xx/xx indicating a change in settlement charges and tolerance cure only.  A specific detail reason for the fee changes and what fees were affected was not provided.


Buyer Comment (2019-03-01): COC


Reviewer Comment (2019-03-01): As the fee in question was not disclosed on the LE, the service is not considered shoppable and therefore subject to x% tolerance.  If the borrower-chosen service provider further outsourced the Title - Service Charges, we would accept an attestation confirming this. Ideally, the attestation would come from the service provider, but if that cannot be obtained, we would accept one from the lender. 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.
   10/XX/2018  10:22:13 AM   2 B 8/XX/2018 FL Primary Refinance - Cash-out - Debt Consolidation 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
206257371           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Cure of [Redacted] is insufficient to cure x% tolerances   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     9/XX/2018  3:04:29 PM 2 B 8/XX/2018 FL Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257372           Credit Loan Package Documentation Application / Processing Missing Document: Mortgage Loan Payoff Statement not provided   Mortgage loan payoff missing from loan docs   Reviewer Comment (2019-03-01): HUD-x matches VOM.


Buyer Comment (2019-03-01): (Redacted) guidelines do not require a payoff letter for a payoff statement. In addition, the supplied VOM included a loan balance figure of $xx,xxx which matches the principal balance figure noted on the HUD-x.
 12/XX/2018  8:45:05 AM     1 A 11/XX/2018 FL Investment Refinance - Rate/Term   C A C A     A A     No
206257373           Credit Missing Document General Missing Document: Lease Agreement not provided   Per appraisal states tenant occupied with active lease at [Redacted]  per month.   Reviewer Comment (2019-03-01): SFR VACANT PROPERTY RIDER provided.


Buyer Comment (2019-03-01): Please see SFR VACANT RIDER and PURCHASE AGREEMENT - number xx of the purchase agreement reflects property delivered vacant; in addition SFR VACANT RIDER executed by borrower reflects there is no lease in effect on the property
 12/04/2018     1 A 11/XX/2018 NY Investment Purchase   C B C B     A A     No
206257373           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Charge-offs / Balance:  [Redacted] Borrower had a foreclosure [Redacted]months ago ([Redacted]) vs program requirement of no foreclosure in the past 36 months. Lender approved No credit late payments in the past 32 months (since 2/2016) and no public records

Borrower has been self-employed as XXX for the past years and has been in the same line of work for the past 30 years

Reserves are 19.05 months, 15.04 months > program required of 4 months

FICO- Credit score is 725, 25 points > program required 700		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     11/XX/2018  11:56:31 AM 2 B 11/XX/2018 NY Investment Purchase   C B C B     A A     No
206257373           Credit Credit Miscellaneous Credit Exception:   Exclude current outstanding IRS tax lien from being paid off (as borrower is currently in an installment plan) vs program requirement that all outstanding collections/charge offs/judgments/tax liens be paid prior to closing. Lender approved. No credit late payments in the past 32 months (since 2/2016) and no public records

Borrower has been self-employed as XXX for the past years and has been in the same line of work for the past 30 years

Reserves are 19.05 months, 15.04 months > program required of 4 months

FICO- Credit score is 725, 25 points > program required 700		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     11/XX/2018  11:56:40 AM 2 B 11/XX/2018 NY Investment Purchase   C B C B     A A     No
206257374           Credit Loan Package Documentation Application / Processing Missing Document: Flood Certificate not provided   Flood certificate is missing.   Reviewer Comment (2019-03-01): Flood Certificate provided.


Buyer Comment (2019-03-01): Flood Cert,Flood Ins


Buyer Comment (2019-03-01): Flood Cert
 12/XX/2018  2:18:07 PM     1 A 11/XX/2018 FL Investment Purchase   C A C A     A A     No
206257374           Credit Insurance Insurance Analysis Insufficient Coverage: Flood insurance coverage amount is insufficient.   Coverage is [Redacted]. Full replacement cost for the improvements is [Redacted]. Coverage shortfall of [Redacted].   Reviewer Comment (2019-03-01): Updated Flood Ins policy provided.


Buyer Comment (2019-03-01): Flood Ins
 12/XX/2018  2:24:43 PM     1 A 11/XX/2018 FL Investment Purchase   C A C A     A A     No
206257375           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.23650% or Final Disclosure APR of 6.24100% is in excess of allowable threshold of APOR 4.71% + 1.5%, or 6.21000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  10:07:21 AM 1 A 8/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257375           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  2:15:05 PM 2 B 8/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM Yes
206257375           Compliance Compliance State Compliance (State HPML Provision) New York Subprime Loan (Ability to Repay not Verified) New York Subprime Loan:  Borrower's ability to repay not verified with reliable documentation.     Reviewer Comment (2019-03-01): VOE is not required seller provided the xxxx/approval for NY Subprime requirements


Buyer Comment (2019-03-01): Borrower is retired


Reviewer Comment (2019-03-01): Seller provided the internal income analysis form. Missing a verification of employment verbal or written at time of origination. Exception remains


Reviewer Comment (2019-03-01): No verbal or written verification at time of origination. Exception remains
 9/XX/2018  3:11:50 PM     1 A 8/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257375           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Disclosure provided on [Redacted]; application taken in a Face to Face interview on [Redacted] and disclosure was required to be provided at the time of application.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  2:14:24 PM 2 B 8/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257375           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): VOE is not required seller provided the xxxx/approval for NY Subprime requirements


Buyer Comment (2019-03-01): Borrower is retired


Reviewer Comment (2019-03-01): Seller provided the internal income analysis form. Missing a verification of employment verbal or written at time of origination. Exception remains


Reviewer Comment (2019-03-01): Loan remains non-compliant due to NY subprime ATR
 9/XX/2018  3:11:50 PM     1 A 8/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257375           Credit Credit Miscellaneous Credit Exception:   Provide an updated [Redacted] that reflects the correct qualifying interest rate, payment and DTI that matches the approval document ([Redacted], [Redacted], DTI = [Redacted]).   Reviewer Comment (2019-03-01): Seller provided a revised xxxx with a rate of x.xxx%, P&I xxxx.xx and DTI xx.xx%
 9/XX/2018  5:41:13 PM     1 A 8/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257375           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  10:00:22 AM 2 B 8/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257376           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Minimum Loan Amount discrepancy. Note loan amount of ___ is less than Guideline minimum loan amount of ___. Lender Approved Exception made and documented Borrower has 5 years in job, co-borrower has 8 years on job.

DSC 171%, 71% > than requirement of 100%

Reserves 59.03 months 50.03 months> than requirement of 9 months		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     11/XX/2018  11:59:45 AM 2 B 11/XX/2018 NJ Investment Refinance - Cash-out - Other   C B C B     A A     No
206257378           Credit Missing Document General Missing Document: Lease Agreement not provided   Appraisal states subject is currently tenant occupied   Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): Per (Redacted) Guidelines:x.x Income determination and validation not needed for programs SP Ix Investor No Ratio.
Lenders submitting loans to (Redacted) under program Ix should not validate or document rental income.
 12/04/2018     1 A 11/XX/2018 WI Investment Refinance - Cash-out - Other   C B C B     A A     No
206257378           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Exception to policy approved for borrower credit score of [Redacted] vs program requirement of [Redacted]. Perfect mortgage history going back 23 months with never a late payment

Borrower has been self-employed  as XXX for the past 18 years and has been in the same line for the past 20 years.

82.30 months reserves > 4 months guideline minimum

46.512% LTV < 65% guideline max		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     11/XX/2018  1:11:20 PM 2 B 11/XX/2018 WI Investment Refinance - Cash-out - Other   C B C B     A A     No
206257378           Credit Credit Credit Documentation There is no lease in place for the subject property and the absence of this document casts doubt on business purpose of loan.   Appraisal states subject is currently tenant occupied   Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): Per (Redacted) Guidelines: x.x Income determination and validation not needed for programs SP Ix Investor No Ratio.
Lenders submitting loans to (Redacted) under program Ix should not validate or document rental income.
 12/04/2018     1 A 11/XX/2018 WI Investment Refinance - Cash-out - Other   C B C B     A A     No
206257378           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage of [Redacted] Meets loan amount however not [Redacted] of the estimated cost new [Redacted] (estimated cost new [Redacted] x [Redacted] = [Redacted])   Reviewer Comment (2019-03-01): Replacement Cost Estimator provided.


Buyer Comment (2019-03-01): Uploaded For Review: Replacement Cost Estimator
 12/04/2018     1 A 11/XX/2018 WI Investment Refinance - Cash-out - Other   C B C B     A A     No
206257379           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy.     Guideline variance approved by lender at time of origination.  No credit late payments in the past 22 months (since 9/2016) as well as low balance to limit ratios on most revolving accounts.

Borrower has employment stability for 18 years in the construction industry.
Co-borrower has employment stability for 18 years as a teacher.

13.97 months reserves > 3 months guideline minimum

31.56472% DTI on this Full documentation loan < 38% guideline max - 6.43528% below program guideline maximum.		       9/XX/2018  8:57:29 AM 2 B 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257379           Compliance Compliance Federal Compliance ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)         9/XX/2018  2:11:07 PM     1 A 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257379           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant         9/XX/2018  2:11:07 PM     1 A 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257379           Compliance Compliance Federal Compliance (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer)         9/XX/2018  2:11:07 PM     1 A 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257379           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees             9/XX/2018  1:00:40 PM 2 B 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM Yes
206257379           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold)             9/XX/2018  8:53:47 AM 1 A 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257379           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Summaries Of Transactions - Seller Credit             9/XX/2018  1:00:50 PM 2 B 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257379           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver         9/XX/2018  4:00:06 PM     1 A 8/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257379           Compliance Compliance Federal Compliance TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure             9/XX/2018  1:01:04 PM 1 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257379           Credit Income / Employment Income Documentation The verbal verification of employment was obtained more than 10 days prior to the note date.         9/XX/2018  5:28:08 PM     1 A 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257379           Compliance Compliance Federal Compliance ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)             9/XX/2018  8:56:48 AM 2 B 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257379           Compliance Compliance Federal Compliance TILA NMLSR - Individual Originator NMLS information on documents does not match NMLS website           9/XX/2018  3:55:03 PM   2 B 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM Yes
206257379           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor             9/XX/2018  1:01:17 PM 2 B 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257379           Credit Guideline Guideline Issue The borrower is self-employed.  Guidelines require either a tax professional letter or regulatory agency verifying at least 2 years of self-employment along with either a phone listing and/or business address using directory assistance or internet search to be in file.     Guideline variance approved by lender at time of origination.  No credit late payments in the past 22 months (since 9/2016) as well as low balance to limit ratios on most revolving accounts.

Borrower has employment stability for 18 years in the construction industry.
Co-borrower has employment stability for 18 years as a teacher.

13.97 months reserves > 3 months guideline minimum

31.56472% DTI on this Full documentation loan < 38% guideline max - 6.43528% below program guideline maximum.		       9/XX/2018  8:58:04 AM 2 B 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257379           Compliance Compliance Federal Compliance ECOA Appraisal - Appraisal Provided Prior to Date Performed             9/XX/2018  8:57:00 AM 2 B 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257380           Credit Loan Package Documentation Closing / Title Missing Document: Rider - Other not provided   SFR Riders missing   Reviewer Comment (2019-03-01): PPP rider provided.


Reviewer Comment (2019-03-01): Percentage of original principal balance not completed on PPP rider.


Reviewer Comment (2019-03-01): Prepayment rider received, however the document is incomplete. The terms of the prepayment penalty were not completed.
 12/XX/2018  1:58:15 PM     1 A 11/XX/2018 RI Investment Purchase   C A C A     A A     No
206257380           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage of [Redacted] does not meet [Redacted] of the estimated cost new [Redacted] ([Redacted] x [Redacted] = [Redacted])   Reviewer Comment (2019-03-01): Replacement cost estimator provided.
 12/XX/2018  8:13:22 AM     1 A 11/XX/2018 RI Investment Purchase   C A C A     A A     No
206257381           Credit Missing Document General Missing Document: Lease Agreement not provided   Appraisal states subject is tenant occupied with monthly rent of  [Redacted]   Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): Property is rented seasonally (see uploaded appraiser rental addendum comments)  Please clear.
 11/XX/2018  9:23:09 AM     1 A 11/XX/2018 RI Investment Refinance - Cash-out - Other   C A C A     A A     No
206257381           Credit Credit Credit Documentation There is no lease in place for the subject property and the absence of this document casts doubt on business purpose of loan.   Appraisal states subject is tenant occupied with monthly rent of  [Redacted]   Reviewer Comment (2019-03-01): Agree with lender.
 11/XX/2018  9:23:15 AM     1 A 11/XX/2018 RI Investment Refinance - Cash-out - Other   C A C A     A A     No
206257381           Credit Investment Product General REO property does not have a lease in place and required by guidelines. Address: [Redacted] Appraisal states subject is tenant occupied with monthly rent of  [Redacted]   Reviewer Comment (2019-03-01): Agree with lender.
 11/XX/2018  9:24:07 AM     1 A 11/XX/2018 RI Investment Refinance - Cash-out - Other   C A C A     A A     No
206257381           Credit Loan Package Documentation Application / Processing Missing Document: Note Addendum - Prepayment not provided   Missing prepayment rider/addendum. Per SPI5 a [Redacted] month prepayment is required - rate lock reflects a x ye PPP - please provided evidence the PPP was bought down as well as missing documents.   Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): Rhode Island subject property - maximum PPP allowed is x year.  Please clear.
 11/XX/2018  9:30:56 AM     1 A 11/XX/2018 RI Investment Refinance - Cash-out - Other   C A C A     A A     Yes
206257382           Credit Missing Document General Missing Document: Lease Agreement not provided   Lease agreement not contained in the loan file. Appraisal report [Redacted] reflects the property is owner occupied.   Reviewer Comment (2019-03-01): Confirmation of rent for xxxx from Management Company provided.


Buyer Comment (2019-03-01): Uploaded for your review: Confirmation of rent for xxxx from Management Company.


Buyer Comment (2019-03-01): Lease Agreement is starting at page #xxx.


Buyer Comment (2019-03-01): At time of closing, borrower executed SFR Vacant Property Rider (attached to Mortgage) attesting to the fact that the property was vacant at time of closing.
 12/XX/2018  8:47:14 AM     1 A 11/XX/2018 SC Investment Refinance - Rate/Term   C B C B     A A     No
206257382           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. The loan file contains an approved  lender exception dated [Redacted] for:
LTV is [Redacted] vs program maximum of [Redacted]		 Credit report shows two open mortgages rated paid as agreed. No public records and no derogatory credit

DSC is 117%, 17% > program requirement of 100%

FICO: Credit score is 788, 63 points > program requirement of  720		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  10:02:50 AM 2 B 11/XX/2018 SC Investment Refinance - Rate/Term   C B C B     A A     No
206257382           Credit Credit Miscellaneous Credit Exception:   Appraisal with value of $[Redacted] needs "Occupant" corrected from "Owner". Final 1003 reflects property as "Investment. Occupancy should be Tenant or Vacant.   Reviewer Comment (2019-03-01): Corrected appraisal reflecting vacant provided.


Buyer Comment (2019-03-01): Uploaded For Review: Corrected appraisal
 12/XX/2018  2:37:47 PM     1 A 11/XX/2018 SC Investment Refinance - Rate/Term   C B C B     A A     No
206257383           Credit Loan Package Documentation Application / Processing Missing Document: Operating Agreement not provided   Operating Agreement not required.   Reviewer Comment (2019-03-01): Document is not required as formation is located on the articles of organization and cert of good standing.
 12/XX/2018  3:30:24 PM     1 A 11/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
206257383           Credit Loan Package Documentation Application / Processing Missing Document: Mortgage Loan Payoff Statement not provided   Payoff statement for city lien missing in the amount of $[Redacted].   Reviewer Comment (2019-03-01): Payoff information provided.


Buyer Comment (2019-03-01): Please see the uploaded directive from title company stating they are holding the $xx,xxx in escrow.


Reviewer Comment (2019-03-01): Document does specify the balance of the lien. Provide evidence of current balance with XXX.


Buyer Comment (2019-03-01): Please see city lien document showing this is not a mortgage uploaded for your review.
 12/XX/2018  8:25:50 AM     1 A 11/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
206257383           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility The appraisal does not show the property is Tenant Occupied or Vacant and thus casts doubt on the business purpose of the loan.   Appraisal reflects as owner occupied   Reviewer Comment (2019-03-01): Corrected appraisal provided.


Buyer Comment (2019-03-01): Corrected appraisal uploaded.
 12/XX/2018  12:57:16 PM     1 A 11/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
206257383           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   The appraisal indicates replacement cost as [Redacted] ([Redacted] = [Redacted]) According to this calculation, the existing dwelling coverage of $[Redacted] is insufficient however does not cover the [Redacted] of the estimated cost new.   Reviewer Comment (2019-03-01): Received increased coverage. Cleared.


Buyer Comment (2019-03-01): Updated HOI uploaded.


Reviewer Comment (2019-03-01): Coverage Shortfall of $x,xxx.xx


Buyer Comment (2019-03-01): Please see RCE uploaded for your review.
 1/XX/2019  12:02:51 PM     1 A 11/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
206257383           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Questionable Occupancy: Valuation occupancy differs from occupancy on loan approval. Valuation Type: Appraisal / Valuation Report Date: [Redacted] Appraisal reflects property as owner occupied.   Reviewer Comment (2019-03-01): Corrected appraisal provided.


Buyer Comment (2019-03-01): Updated appraisal attached.
 12/XX/2018  12:59:48 PM     1 A 11/XX/2018 FL Investment Refinance - Cash-out - Other   C A C A     A A     No
206257384           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Insurance coverage [Redacted] loan amount [Redacted], estimated cost new [Redacted]   Reviewer Comment (2019-03-01): Seller provided the HOI dated x/xx/xxxx with additional xxx% extended replacement cost and guaranteed replacement cost.


Buyer Comment (2019-03-01): Please see HOI reflecting full replacement cost
 9/XX/2018  4:24:32 PM     1 A 8/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257384           Credit Assets Asset Documentation Guideline Issue:Insufficient asset documentation. Financial Institution: [Redacted] / End Date: [Redacted] // Account Type:[Redacted]/ Account Number: [Redacted] Only x month provided guidelines require [Redacted] days.   Reviewer Comment (2019-03-01): xxxk statement reflects balance from x/xx and (Redacted) covering xx days.


Buyer Comment (2019-03-01): Please see xxxk x-xx which is a snip of the bottom of page x from the  x/xx statement referenced in the exception. The statement reflects clearly reflects the prior month value of the borrowers xxxk is $xxx,xxx.xx - sourced for xx days please clear
 9/XX/2018  11:56:01 AM     1 A 8/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257384           Credit Missing Document General Incomplete Document: 1003 Final is incomplete   Initial 1003 not signed   Reviewer Comment (2019-03-01): Seller provided the final xxxx dated x/xx/xxxx signed by the borrower.


Buyer Comment (2019-03-01): Please see xxxx - executed by borrower
 9/XX/2018  11:51:47 AM     1 A 8/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257384           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Primary/[Redacted])     Buyer Comment (2019-03-01): please waive
     9/XX/2018  7:30:35 PM 2 B 8/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257384           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): please waive
     9/XX/2018  7:30:25 PM 2 B 8/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257384           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Total costs exceeding legal limit on CD for appraisal and warehousing fees   Reviewer Comment (2019-03-01): Sufficient or excess cure was provided to the borrower at Closing
 9/XX/2018  2:32:00 PM     1 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257384           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Seller's final CD contained additional fees of $[Redacted]  not reflected on the consumer's CD.   Buyer Comment (2019-03-01): please waive
     9/XX/2018  12:42:26 PM 2 A 8/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257384           Compliance Compliance Federal Compliance 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. Fees changed without a VCC   Reviewer Comment (2019-03-01): Sufficient or excess cure was provided to the borrower at Closing


Buyer Comment (2019-03-01): Please see FINAL CD; page x and x reflect a $xxx cure was already provided
 9/XX/2018  2:32:00 PM     1 A 8/XX/2018 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
206257384           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Issued date [Redacted] , Closing Date [Redacted]   Reviewer Comment (2019-03-01): Initial CD provided with proof of receipt.


Buyer Comment (2019-03-01): Please see CD sent and received on x/xx please see ESIGN, please see NOTE reflecting loan closed on x/xx
 9/XX/2018  2:32:00 PM     1 A 8/XX/2018 CA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257384           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Warehousing Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Fees not reflected on initial LE.   Reviewer Comment (2019-03-01): Title fee paid to same title provider that borrower shopped for.
 9/XX/2018  2:32:00 PM     1 A 8/XX/2018 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
206257384           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Buyer Comment (2019-03-01): please waive
     9/XX/2018  7:30:01 PM 2 B 8/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257384           Compliance Compliance Federal Compliance 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. Sufficient or excess cure was provided to the borrower at Closing       9/XX/2018  2:32:00 PM   1 A 8/XX/2018 CA Primary Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
206257385           Credit Insurance Insurance Documentation Insurance Policy Expiration Date is less than 30 days of the Note Date and does not have automatic renewal.   Blanket Insurance expiration date is [Redacted]   Reviewer Comment (2019-03-01): Updated blanket Insurance policy provided.


Buyer Comment (2019-03-01): Updated Cert of Ins
 12/XX/2018  1:57:02 PM     1 A 11/XX/2018 NV Investment Refinance - Cash-out - Other   C A C A     A A     No
206257385           Credit Loan Package Documentation Closing / Title ARM Error: Margin was not provided   Section of Note that covers the Margin is missing from Note.   Reviewer Comment (2019-03-01): Corrected Note and rider provided.


Buyer Comment (2019-03-01): Updated Cert of Ins,Corrected Note
 12/XX/2018  1:59:02 PM     1 A 11/XX/2018 NV Investment Refinance - Cash-out - Other   C A C A     A A     No
206257385           Credit Loan Package Documentation Closing / Title Missing Document: Rider - Other not provided   Prepayment rider   Reviewer Comment (2019-03-01): PPP Rider provided.


Buyer Comment (2019-03-01): Executed PP Rider
 12/XX/2018  9:51:41 AM     1 A 11/XX/2018 NV Investment Refinance - Cash-out - Other   C A C A     A A     No
206257386           Credit Credit Credit Eligibility Borrower has Credit Report: Original // Borrower: Borrower: [Redacted] ___ open Tradelines which is less than the minimum required by guidelines. Credit report does NOT reflects a minimum of x trade lines with a history of at least [Redacted] months prior to the date of the credit report as required by the guidelines.   Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): Uploaded credit report. Three trade lines areXXXCard, AMEX and Discover Fin Svcs
 12/XX/2018  11:06:58 AM     1 A 11/XX/2018 FL Investment Purchase   C A C A     A A     No
206257387           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy.   Per [Redacted] Guides maximum LTV is [Redacted] for [Redacted]  investment Cash out loans.   Reviewer Comment (2019-03-01): Loan meets guidelines fir xxx FICO max LTV xx%.


Reviewer Comment (2019-03-01): Incorrectly waived


Reviewer Comment (2019-03-01): Credit score is xxx vs program requirement of xxx


Buyer Comment (2019-03-01): Please also correct spelling of the borrowers last name to - XXX


Buyer Comment (2019-03-01): Please see attached exception to allow xx% ltv with xxx Fico
 12/XX/2018  5:31:37 PM     1 A 11/XX/2018 FL Investment Refinance - Cash-out - Other   C B C B     A A     No
206257387           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Lender approved Borrower has 4 open mortgages reporting paid as agreed.

DSC is 127.997%, 27.99% > program requirement of 3 months

34 months reserves > 3 months guideline minimum - borrowers have verified reserves of 31 months		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  5:32:04 PM 2 B 11/XX/2018 FL Investment Refinance - Cash-out - Other   C B C B     A A     No
206257388           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.87070% or Final Disclosure APR of 6.86500% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  11:48:40 AM 1 A 09/04/2018 CO Primary Purchase   C B A A C B A A Non QM Non QM No
206257388           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2019-03-01): Seller provided the LO compensation disclosure dated x/xx/xxxx.


Buyer Comment (2019-03-01): Broker Fee
 9/XX/2018  9:06:31 AM     1 A 09/04/2018 CO Primary Purchase   C B A A C B A A Non QM Non QM No
206257388           Compliance Compliance State Compliance Colorado Home Loan (Ability to Repay not Verified) Colorado Home Loan (HB1322):  Borrower's ability to repay not verified with reliable documentation.     Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     9/XX/2018  2:17:51 PM 2 B 09/04/2018 CO Primary Purchase   C B A A C B A A Non QM Non QM No
206257388           Compliance Compliance State Compliance Colorado Home Loan (Tangible Net Benefit Disclosure Not Provided) Colorado Home Loan (HB1322):  Loan file does not contain a Tangible Net Benefit Disclosure (or similar document).     Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     9/XX/2018  2:17:59 PM 2 B 09/04/2018 CO Primary Purchase   C B A A C B A A Non QM Non QM No
206257388           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Missing proof of timely receipt   Reviewer Comment (2019-03-01): (Redacted) received initial CD issued x/xx/xx.


Buyer Comment (2019-03-01): CD x.xx


Reviewer Comment (2019-03-01): (Redacted) received a Disclosure Tracking History reflecting a CD was sent on x/xx/xx.  This tracking does not match the x and only CD we have issued on x/x/xx.


Buyer Comment (2019-03-01): Broker Fee, CD Tracking
 9/XX/2018  5:18:59 PM     1 A 09/04/2018 CO Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257388           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Borrower's CD does not reflect any Seller paid fees.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     9/XX/2018  2:18:08 PM 2 A 09/04/2018 CO Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257388           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) [Redacted] received initial CD issued[Redacted].   Reviewer Comment (2019-03-01): (Redacted) received initial CD issued x/xx/xx.
 9/XX/2018  5:19:26 PM     1 A 09/04/2018 CO Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257389           Credit Assets Asset Documentation Insufficient funds for Reserves. Guidelines require       Reviewer Comment (2019-03-01): HUD-x provided for reserves.


Buyer Comment (2019-03-01): See uploaded CD
 12/XX/2018  12:20:29 PM     1 A 11/XX/2018 FL Investment Purchase   C A C A     A A     No
206257389           Credit Fix and Flip General Insufficient funds for Reserves.       Reviewer Comment (2019-03-01): HUD-x provided for reserves.


Buyer Comment (2019-03-01): See Uploaded CD.
 12/XX/2018  12:20:38 PM     1 A 11/XX/2018 FL Investment Purchase   C A C A     A A     No
206257389           Credit Assets Asset Calculation / Analysis Available for Closing is insufficient to cover Cash From Borrower.   Missing the net proceeds from sale in the amount of [Redacted] listed on the final [Redacted].   Reviewer Comment (2019-03-01): HUD-x provided for reserves.


Buyer Comment (2019-03-01): Uploaded For Review: CD for Home sold.
 12/XX/2018  12:20:49 PM     1 A 11/XX/2018 FL Investment Purchase   C A C A     A A     No
206257390           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Lender approved Borrower is XXX for the past 3 years

DSC is 136%, 36% > program requirement of 100%

Reserves are 117.72 months, 114.72 months > program requirement of 3 months		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  12:30:30 PM 2 B 11/XX/2018 PA Investment Refinance - Cash-out - Other   C B C B     A A     No
206257392           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.55830% or Final Disclosure APR of 6.60600% is in excess of allowable threshold of APOR 4.75% + 1.5%, or 6.25000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  1:09:25 PM 1 A 09/04/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257392           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).     Buyer Comment (2019-03-01): Waived, Level 2
     9/XX/2018  4:20:29 PM 2 B 09/04/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM Yes
206257392           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): Waived, Level 2
     9/XX/2018  4:20:51 PM 2 B 09/04/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257392           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Loan is an assumable ARM, CD indicates not assumable   Buyer Comment (2019-03-01): Waived, Level 2
     9/XX/2018  4:21:05 PM 2 B 09/04/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257392           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Initial CD issued on [Redacted] with no evidence of early receipt; borrower signed on [Redacted].   Reviewer Comment (2019-03-01): Seller provided the initial CD dated (Redacted).


Buyer Comment (2019-03-01): Uploaded for your review-initial CD


Reviewer Comment (2019-03-01): The only CD we have in the loan file is the Final CD issued on xx/xx/xxxx. Document provided states that there was disclosures sent to the borrower on (Redacted).  Please provide Initial CD.  Thanks


Buyer Comment (2019-03-01): Uploaded for your review, evidence of timely receipt.
 9/XX/2018  10:42:47 AM     1 A 09/04/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257392           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total [Redacted], while closing CD seller's fees total [Redacted]   Buyer Comment (2019-03-01): Waived, Level 2
     9/XX/2018  4:21:23 PM 2 A 09/04/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257393           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.   Lender on policy is not lender on note   Reviewer Comment (2019-03-01): Updated hazard Insurance policy provided with  "Lender its successors and assigns" reflected.
 12/XX/2018  9:42:10 AM     1 A 11/XX/2018 VA Investment Refinance - Cash-out - Other   C A C A     A A     No
206257394           Credit Assets Asset Documentation Missing Document: Asset Documentation not provided   Loan is a pur[Redacted]ransaction. The loan file does not contain asset documentation   Reviewer Comment (2019-03-01): asset documentation provided


Buyer Comment (2019-03-01): The full credit package as been uploaded for all of the outstanding conditions.
 12/XX/2018  12:54:33 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Loan Package Documentation Application / Processing Missing Document: Background Check not provided   The loan file does not contain the background check.   Reviewer Comment (2019-03-01): Credit report and fraud report provided.
 12/XX/2018  12:56:55 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Credit Credit Documentation Missing Document: Credit Report not provided   The loan file does not contain the credit report   Reviewer Comment (2019-03-01): Credit report provided.
 12/XX/2018  12:57:14 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Loan Package Documentation Application / Processing Missing Document: Fraud Report not provided   The loan file does not contain the fraud report   Reviewer Comment (2019-03-01): Fraud report provided.
 12/XX/2018  12:57:43 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Loan Package Documentation Loan File Missing Document: Hazard Insurance Policy not provided   The loan file does not contain the hazard insurance policy.   Reviewer Comment (2019-03-01): Hazard Insurance Policy provided
 12/XX/2018  12:58:13 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Loan Package Documentation Closing / Title Missing Document: Title Preliminary not provided   Loan is a pur[Redacted]ransaction. The loan file does not contain the preliminary title report.   Reviewer Comment (2019-03-01): Title commitment provided
 12/XX/2018  12:58:43 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Missing Document General Missing Document: Lease Agreement not provided   Missing appraisal unable to determine if subject is currently tenant occupied   Reviewer Comment (2019-03-01): Property is vacant, no leases required.
 12/XX/2018  12:59:58 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Credit Credit Documentation Missing Document: OFAC not provided   The loan file does not contain the OFAC   Reviewer Comment (2019-03-01): OFAC  provided
 12/XX/2018  1:00:20 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Loan Package Documentation Application / Processing Missing Document: Purchase Agreement / Sales Contract not provided   Loan is a pur[Redacted]ransaction. The loan file does not contain the pur[Redacted]contract/sales contract.   Reviewer Comment (2019-03-01): Purchase Agreement / Sales Contract provided
 12/XX/2018  1:00:44 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Loan Package Documentation Closing / Title Missing Document: Closing Protection Letter not provided   The loan file does not contain the closing protection letter   Reviewer Comment (2019-03-01): Closing Protection Letter provided
 12/XX/2018  1:02:23 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.   Unable to determine. The loan file does not contain a valuation report   Reviewer Comment (2019-03-01): Disaster inspection report provided with end date of xx/xx/xxxx.
 12/XX/2018  10:01:32 AM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Loan Package Documentation Closing / Title Mising Document: Closing Protection Letter not provided.   The loan file does not contain the closing protection letter.   Reviewer Comment (2019-03-01): Closing Protection Letter provided.
 12/XX/2018  1:03:25 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Missing Document Appraisal Documentation The appraisal is missing from file and required by guidelines.   The loan file does not contain an appraisal for the subject property.   Reviewer Comment (2019-03-01): appraisal provided.
 12/XX/2018  1:03:59 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Insurance Insurance Documentation Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.   Unable to determine. The loan file does not contain the hazard insurance policy   Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): (Redacted) does not require rent loss coverage, please clear


Buyer Comment (2019-03-01): (Redacted) does not require rent loss coverage. Please clear
 12/XX/2018  12:06:18 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Fix and Flip General The appraisal is missing and is required by guidelines.   The loan file does not contain the appraisal report and the secondary valuation required report.   Reviewer Comment (2019-03-01): appraisal provided.
 12/XX/2018  1:07:10 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Assets Asset Calculation / Analysis Available for Closing is insufficient to cover Cash From Borrower.   The loan file does not contain the asset/bank statements to determine the available assets.   Reviewer Comment (2019-03-01): Assets documentation provided for Closing.
 12/XX/2018  1:08:14 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Credit Credit Documentation OFAC was not checked and required per guidelines. Credit Report: Original // Borrower: Borrower: [Redacted] OFAC not contained in the loan file.   Reviewer Comment (2019-03-01): OFAC contained in the loan file.
 12/XX/2018  1:08:36 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Property - Appraisal General Appraisal Requirements Rent schedule is missing on lease property Address: [Redacted] The loan file does not contain the appraisal report with the [Redacted] to verify current market rents   Reviewer Comment (2019-03-01): Rent schedule provided on appraisal.
 12/XX/2018  1:09:09 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Assets Asset Documentation Asset documentation is missing from the file and required per guidelines. Document: Asset Documentation The loan file does not contain asset documentation.   Reviewer Comment (2019-03-01): Asset documentation provided.
 12/XX/2018  1:23:16 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility The appraisal does not show the property is Tenant Occupied or Vacant and thus casts doubt on the business purpose of the loan.   The loan file does not contain an appraisal report.   Reviewer Comment (2019-03-01): appraisal shows the property is Vacant.
 12/XX/2018  1:10:22 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Credit Credit Documentation The appraisal does not contain rental analysis and thus casts doubt on the business purpose of the loan.   The loan file does not contain an appraisal report.   Reviewer Comment (2019-03-01): appraisal provided
 12/XX/2018  1:10:48 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.   The loan file does not contain the hazard insurance policy   Reviewer Comment (2019-03-01): Hazard Insurance policy list "Lender its successors and assigns".
 12/XX/2018  1:11:22 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance premium is missing from evidence of insurance.   The loan file does not contain the hazard insurance policy   Reviewer Comment (2019-03-01): hazard insurance policy provided.
 12/XX/2018  1:11:56 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Borrower and Mortgage Eligibility Mortgage / Program 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.   The loan file does not contain asset documentation to verify the borrowers address   Reviewer Comment (2019-03-01): asset/income documentation show the borrower(s) at an address different
 12/XX/2018  1:14:14 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Borrower and Mortgage Eligibility Mortgage / Program 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.   The loan file does not contain the borrower ID documentation to very the address   Reviewer Comment (2019-03-01): ID documentation provided.
 12/XX/2018  1:14:53 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility There is no evidence of landlord insurance (hazard insurance plus liability) and thus casts doubt on the business purpose of the loan.   The loan file does not contain the hazard insurance policy to verify landlord insurance plus liability.   Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): (Redacted) does not require rent loss coverage. Please clear
 12/XX/2018  12:06:59 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Credit Credit Documentation A summary review of all the documentation in the loan file casts doubt on the business purpose of the loan.   Unable to determine business purpose due to missing documentation in the loan file to verify borrower current residence information   Reviewer Comment (2019-03-01): All documentation provided to determine business purpose.
 12/XX/2018  1:16:13 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Fix and Flip General Verification of Borrower's identity is missing. Borrower: [Redacted] The loan file does not contain the borrower identification documentation   Reviewer Comment (2019-03-01): ID documentation provided.
 12/XX/2018  1:18:09 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Track record documentation other than application is missing and is required based on guidelines.   The loan file is missing borrower credit report and background check   Reviewer Comment (2019-03-01): Credit report provided for background check.
 12/XX/2018  1:18:40 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy.   The loan file does not contain asset documentation to verify the reserves required per guidelines.   Reviewer Comment (2019-03-01): Asset documentation provided to satisfy reserves.
 12/XX/2018  1:19:16 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Credit Credit Documentation Addresses on credit report casts doubt on business purpose of loan.   The loan file does not contain the borrower credit report to verify the current address.   Reviewer Comment (2019-03-01): borrower credit report verifies the current address.
 12/XX/2018  1:20:21 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Legal / Regulatory / Compliance Title / Lien Defect Final Title Policy is missing. No evidence of title in file.   The loan file does not contain the final title policy required on a pur[Redacted]ransaction   Reviewer Comment (2019-03-01): Final Title Policy provided.
 12/XX/2018  12:11:17 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Fix and Flip General Background check is missing. Credit Report: Original // Borrower: Borrower: [Redacted] The loan file does not contain the background check for the borrower.   Reviewer Comment (2019-03-01): Credit report provided for background check.
 12/XX/2018  1:20:46 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-03-01): Approval not provided
 12/XX/2018  1:21:00 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Loan Package Documentation Application / Processing Missing Document: Other not provided   DSCR missing   Reviewer Comment (2019-03-01): DSCR provided.
 12/XX/2018  12:10:00 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Property - Appraisal Appraisal Documentation Missing Document: Appraisal not provided       Reviewer Comment (2019-03-01): Appraisal provided
 12/XX/2018  1:21:22 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Assets Asset Documentation Insufficient funds for Reserves. Guidelines require       Reviewer Comment (2019-03-01): Asset documentation provided to satisfy reserves.
 12/XX/2018  1:21:48 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Fix and Flip General Insufficient funds for Reserves.       Reviewer Comment (2019-03-01): Asset documentation provided to satisfy reserves.
 12/XX/2018  1:22:01 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257394           Credit Loan Package Documentation Application / Processing Missing Valuation: Valuation Type: Appraisal / Valuation Report Date: <empty>     Reviewer Comment (2019-03-01): Appraisal provided.
 12/XX/2018  1:22:21 PM     1 A 11/XX/2018 CT Investment Purchase   D A D A     A A     No
206257395           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.     Buyer Comment (2019-03-01): waive
     9/XX/2018  11:29:25 AM 2 B 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257395           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).     Buyer Comment (2019-03-01): waive
     9/XX/2018  11:29:53 AM 2 B 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM Yes
206257395           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) The final LE was provided on [Redacted] with no evidence of early receipt; the borrowers signed on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received evidence final LE was received on x/xx/xx.


Buyer Comment (2019-03-01): Uploaded disclosure tracking. LE x/xx was received by borrower on x/xx.
 9/XX/2018  12:18:44 PM     1 A 8/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257395           Compliance Compliance Federal Compliance TRID Alternate Table Usage TILA-RESPA Integrated Disclosure - Costs at Closing/ Calculating Cash to Close: Alternate tables not used consistently throughout the transaction. One of the CDs issued on [Redacted] used the Without Seller version of the form.   Buyer Comment (2019-03-01): waive
     9/XX/2018  11:29:40 AM 2 B 8/XX/2018 CA Primary Purchase Good Faith Redisclosure C B C B C B A A Non QM Non QM Yes
206257395           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Lender approved exception for loan amount exceed program maximum. Borrower has employment stability for 15 years of self-employment as XXX.

5.33635% DTI on this Bank Statement documentation loan < 38% guideline max - 32.66365% below program guideline maximum.

Credit score of 721 is 1 points above the program requirement of 720.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  11:09:01 AM 2 B 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257395           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) No evidence of earlier receipt provided in the file.   Reviewer Comment (2019-03-01): Seller provided a copy of the signed initial CD dated (Redacted) signed on (Redacted).


Buyer Comment (2019-03-01): Please review as a Rush.
 9/XX/2018  11:27:52 AM     1 A 8/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257395           Credit Credit Miscellaneous Credit Exception:   Verification of use of business funds is from tax prepare vs program requirement of CPA. Lender approved. Borrower has employment stability for 15 years of self-employment as XXX.

5.33635% DTI on this Bank Statement documentation loan < 38% guideline max - 32.66365% below program guideline maximum.

Credit score of 721 is 1 points above the program requirement of 720.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  11:09:14 AM 2 B 8/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257396           Credit Credit Miscellaneous Credit Exception:   Lender Approved Exception - Total amount financed to borrower will exceed [Redacted] vs program requirement that no borrower may be obligated for loans sold to [Redacted] with an aggregate principal amount that exceeds [Redacted] Subject property has been fully renovated, experienced investor

Borrower has taken several loans from XXX all paid as agreed

Borrower is self-employed as XXX for the past 10 years

Guideline variance approved by Excellent Credit history with no late payments and no public records

Borrower has 4 open and 5 closed mortgages reporting 0x30 since inception (1/2007)

Reserves are 39.12 months , 27.12 months > program requirement of 12 months

Rate and Term Refinance paying off a private mortgage loan		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  10:59:24 AM 2 B 11/XX/2018 CT Investment Refinance - Rate/Term   D B D B     A A     No
206257396           Credit Credit Miscellaneous Credit Exception:   Lender Approved exception - To allow independent appraisal that was ordered by the borrower which is now assigned to [Redacted].  One of the two appraisals will be ordered through [Redacted]'s approved [Redacted] Subject property has been fully renovated, experienced investor

Borrower has taken several loans from XXX all paid as agreed

Borrower is self-employed as XXX for the past 10 years

Guideline variance approved by Excellent Credit history with no late payments and no public records

Borrower has 4 open and 5 closed mortgages reporting 0x30 since inception (1/2007)

Reserves are 39.12 months , 27.12 months > program requirement of 12 months

Rate and Term Refinance paying off a private mortgage loan		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  10:59:34 AM 2 B 11/XX/2018 CT Investment Refinance - Rate/Term   D B D B     A A     No
206257396           Credit Credit Miscellaneous Credit Exception:   Lender Approved Exception - Do not require [Redacted] month mortgage rating for x XXX as this is a new mortgage with first payment date of [Redacted] Subject property has been fully renovated, experienced investor

Borrower has taken several loans from XXX all paid as agreed

Borrower is self-employed as XXX for the past 10 years

Guideline variance approved by Excellent Credit history with no late payments and no public records

Borrower has 4 open and 5 closed mortgages reporting 0x30 since inception (1/2007)

Reserves are 39.12 months , 27.12 months > program requirement of 12 months

Rate and Term Refinance paying off a private mortgage loan		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  10:59:46 AM 2 B 11/XX/2018 CT Investment Refinance - Rate/Term   D B D B     A A     No
206257396           Credit Credit Miscellaneous Credit Exception:   Lender Approved Exception - Allow funds for closing to come directly from business account without transfer to personal account Subject property has been fully renovated, experienced investor

Borrower has taken several loans from XXX all paid as agreed

Borrower is self-employed as XXX for the past 10 years

Guideline variance approved by Excellent Credit history with no late payments and no public records

Borrower has 4 open and 5 closed mortgages reporting 0x30 since inception (1/2007)

Reserves are 39.12 months , 27.12 months > program requirement of 12 months

Rate and Term Refinance paying off a private mortgage loan		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  10:59:55 AM 2 B 11/XX/2018 CT Investment Refinance - Rate/Term   D B D B     A A     No
206257396           Credit Credit Miscellaneous Credit Exception:   Lender Approved Exception - Do not require CPA letter stating that use of business funds will not have a negative impact on the business Subject property has been fully renovated, experienced investor

Borrower has taken several loans from XXX all paid as agreed

Borrower is self-employed as XXX for the past 10 years

Guideline variance approved by Excellent Credit history with no late payments and no public records

Borrower has 4 open and 5 closed mortgages reporting 0x30 since inception (1/2007)

Reserves are 39.12 months , 27.12 months > program requirement of 12 months

Rate and Term Refinance paying off a private mortgage loan		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  11:00:05 AM 2 B 11/XX/2018 CT Investment Refinance - Rate/Term   D B D B     A A     No
206257396           Credit Loan Package Documentation Application / Processing Missing Document: Mortgage Loan Payoff Statement not provided   Payoff missing from loan docs   Reviewer Comment (2019-03-01): Mortgage Loan Payoff Statement provided.


Buyer Comment (2019-03-01): Payoff
 12/XX/2018  10:01:09 AM     1 A 11/XX/2018 CT Investment Refinance - Rate/Term   D B D B     A A     No
206257396           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Verified - Lender Approved Exception Documented Subject property has been fully renovated, experienced investor

Borrower has taken several loans from XXX all paid as agreed

Borrower is self-employed as XXX for the past 10 years

Guideline variance approved by Excellent Credit history with no late payments and no public records

Borrower has 4 open and 5 closed mortgages reporting 0x30 since inception (1/2007)

Reserves are 39.12 months , 27.12 months > program requirement of 12 months

Rate and Term Refinance paying off a private mortgage loan		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  11:00:21 AM 2 B 11/XX/2018 CT Investment Refinance - Rate/Term   D B D B     A A     No
206257396           Credit Guideline Guideline Issue Asset verification is less than 2 months verified as required by guidelines. Financial Institution: [Redacted] / End Date: [Redacted] // Account Type:[Redacted]/ Account Number: [Redacted] 1 month located in loan docs   Reviewer Comment (2019-03-01): x months XXXXXXXXXBank N.A. statement provided.


Buyer Comment (2019-03-01): Bank Statements uploaded
 12/XX/2018  10:01:58 AM     1 A 11/XX/2018 CT Investment Refinance - Rate/Term   D B D B     A A     No
206257396           Credit Property - Appraisal Appraisal Documentation Missing Document: Appraisal not provided   Missing second full appraisal as required per guides   Reviewer Comment (2019-03-01): Second Appraisal provided.


Buyer Comment (2019-03-01): Full second appraisal uploaded.
 12/XX/2018  1:00:43 PM     1 A 11/XX/2018 CT Investment Refinance - Rate/Term   D B D B     A A     No
206257396           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Exception was for [Redacted] loan is [Redacted], exceeding approved loan amount by $[Redacted] Subject property has been fully renovated, experienced investor

Borrower has taken several loans from XXX all paid as agreed

Borrower is self-employed as XXX for the past 10 years

Guideline variance approved by Excellent Credit history with no late payments and no public records

Reserves are 39.12 months , 27.12 months > program requirement of 12 months

Rate and Term Refinance paying off a private mortgage loan		 Reviewer Comment (2019-03-01): Loan amount is $x,xxx,xxx.xx at xx.xx% LTV vs program of xx%.


Buyer Comment (2019-03-01): Exception uploaded.
     12/XX/2018  1:03:01 PM 2 B 11/XX/2018 CT Investment Refinance - Rate/Term   D B D B     A A     No
206257396           Credit Missing Document Appraisal Documentation The appraisal is missing from file and required by guidelines.       Reviewer Comment (2019-03-01): Second Appraisal provided.
 12/XX/2018  1:00:57 PM     1 A 11/XX/2018 CT Investment Refinance - Rate/Term   D B D B     A A     No
206257396           Credit Fix and Flip General The appraisal is missing and is required by guidelines.   Missing second dull appraisal as required per guides   Reviewer Comment (2019-03-01): Second Appraisal provided.
 12/XX/2018  1:01:08 PM     1 A 11/XX/2018 CT Investment Refinance - Rate/Term   D B D B     A A     No
206257396           Credit Loan Package Documentation Application / Processing Missing Valuation: Valuation Type: Appraisal / Valuation Report Date: <empty> Missing second full appraisal as required.   Reviewer Comment (2019-03-01): Second Appraisal provided.
 12/XX/2018  1:01:16 PM     1 A 11/XX/2018 CT Investment Refinance - Rate/Term   D B D B     A A     No
206257396           Credit Assets Asset Documentation Guideline Issue:Insufficient asset documentation. Financial Institution: [Redacted] / End Date: [Redacted] // Account Type:[Redacted]/ Account Number: [Redacted]     Reviewer Comment (2019-03-01): x months XXXXXXXXXBank N.A. statement provided.


Buyer Comment (2019-03-01): Bank statements uploaded
 12/XX/2018  10:02:51 AM     1 A 11/XX/2018 CT Investment Refinance - Rate/Term   D B D B     A A     No
206257396           Credit Guideline Guideline Issue Asset verification is less than 2 months verified as required by guidelines. Financial Institution: [Redacted] / End Date: [Redacted] // Account Type:[Redacted]/ Account Number: [Redacted]     Reviewer Comment (2019-03-01): x months XXXXXXXXXBank N.A. statement provided.


Buyer Comment (2019-03-01): Payoff, Bank Statements
 12/XX/2018  10:02:13 AM     1 A 11/XX/2018 CT Investment Refinance - Rate/Term   D B D B     A A     No
206257397           Credit Loan Package Documentation Closing / Title Missing Document: Closing Protection Letter not provided   Missing E&O Policy with minimum coverage of [Redacted] per claim and [Redacted] in aggregate with a deductible of no more than $[Redacted]. The title insurer must have an "A" or better rating from [Redacted] rating service.   Reviewer Comment (2019-03-01): Closing Protection Letter provided.


Buyer Comment (2019-03-01): Uploaded For Review: E&O Policy
 12/XX/2018  11:58:32 AM     1 A 11/XX/2018 NY Investment Purchase   C A C A     A A     No
206257397           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard Insurance coverage of [Redacted] is insufficient to cover the [Redacted] of the estimated cost new of [Redacted].
The Hazard insurance reflect replacement cost dwelling with no amount or percentage listed.		   Reviewer Comment (2019-03-01): Received increased coverage policy. Cleared.


Buyer Comment (2019-03-01): Uploaded For your review
 12/XX/2018  5:11:41 AM     1 A 11/XX/2018 NY Investment Purchase   C A C A     A A     No
206257398           Credit Credit Miscellaneous Credit Exception:   Lender Approved Exception - Subject property was deeded over to borrow back on [Redacted], from [Redacted], Who is the borrower's fiance.  However recent prelim title shows vesting is still in [Redacted]. who is the borrower's fiance.  However, recent prelim title shows vesting is still in [Redacted] and [Redacted] (ex-wife).  Exception is to allow for borrower's fiance's ex-wife, [Redacted], To sign over subject property to borrower at closing (per LOE ex-wife will not quit claim off deed  until at subject loan closing) vs program requirement borrower must have been an XXX subject property throughout the three-month period preceding the date of the loan.
Borrower's fiance, the property owner, will be on title and has a [Redacted] credit score		 Except for an isolated collection from T-mobile, no other late payment on entire credit report since inception earliest date 3/1982. No public records

Borrower is self-employed as XXX XXX for 20 years

DSC is 115%, 15% > program requirement of 100%

Reserves are 8.65 months, 5.65 months > program requirement of 3 months

credit Score is 670, 30 points > program requirement of 640

LTV is 50.81967%, 14.18033% < maximum program of 65%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  9:36:46 AM 2 B 11/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B     A A     No
206257398           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.       Reviewer Comment (2019-03-01): Disaster inspection report provided with end date of xx/xx/xxxx.
 12/XX/2018  1:34:03 PM     1 A 11/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B     A A     No
206257398           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: Property is located in a FEMA Disaster area and has been affected by the disaster. Disaster Name: ___
Disaster Declaration Date: ___		     Reviewer Comment (2019-03-01): Disaster inspection report provided with end date of xx/xx/xxxx.


Buyer Comment (2019-03-01): Uploaded CDAIR
 12/XX/2018  1:34:10 PM     1 A 11/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B     A A     No
206257400           Credit Loan Package Documentation Application / Processing Missing Document: Divorce Decree / Child Support not provided       Reviewer Comment (2019-03-01): Seller provided the (REDACTED) order
 9/XX/2018  4:38:10 PM     1 A 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257400           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted]% + 1.75%, or [Redacted]%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): Verified disclosure is dated x/xx/xxxx.


Buyer Comment (2019-03-01): x-xx was a Friday so not including Sunday, x-xx would be x days.


Reviewer Comment (2019-03-01): Loan exception remains due to NY Subprime counseling timing exception
 9/XX/2018  6:25:34 PM     1 A 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257400           Compliance Compliance State Compliance (State HPML Provision) New York Subprime Loan (Ability to Repay not Verified) New York Subprime Loan:  Borrower's ability to repay not verified with reliable documentation.     Reviewer Comment (2019-03-01): Seller provided the ATR income documentation and PITIA
 9/XX/2018  4:43:19 PM     1 A 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257400           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) New York Subprime Loan: Counseling Disclosure not provided to borrower within three days of application. Disclosure provided on [Redacted]; application received [Redacted].   Reviewer Comment (2019-03-01): Verified disclosure is dated x/xx/xxxx.


Buyer Comment (2019-03-01): x-xx was a Friday so not including Sunday, x-xx would be x days.
 9/XX/2018  6:25:34 PM     1 A 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257400           Credit Credit Miscellaneous Credit Exception:   Use of OT income qualify only [Redacted] months of receipt vs program requirement of a minimum [Redacted] months of receipt of OT to be used to qualify (note borrower is a XXX [Redacted] since [Redacted]. WVOE verified OT in [Redacted] and present. Used YTD average for qualifying. Borrower has a history of being a XXX for past [Redacted] years. x months shy of the [Redacted] month mark for OT history).Lender acknowledged Borrower has employment stability for 18 years as a XXX.

Guideline variance approved by lender at time of origination.  No credit late payments in the past 37 months (since XX/2015) and very low balance of limit ratios on all revolving accounts.

768 representative FICO score > 680 guideline minimum - 88 points above guideline minimum.

DTI of 45.33% is 4.67% less than program maximum of 50%.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  1:26:20 PM 2 B 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257400           Credit Credit Miscellaneous Credit Exception:   Include annual annuity asset statement updated within past [Redacted] days note statements only get updated once per year print out is dated [Redacted] but states last updated [Redacted]. Lender acknowledged. Borrower has employment stability for 18 years as a XXX.

Guideline variance approved by lender at time of origination.  No credit late payments in the past 37 months (since 6/2015) and very low balance of limit ratios on all revolving accounts.

768 representative FICO score > 680 guideline minimum - 88 points above guideline minimum.

DTI of 45.33% is 4.67% less than program maximum of 50%.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  1:26:32 PM 2 B 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257400           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted]% + 1.75%, or [Redacted]%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  9:17:42 AM 2 B 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257400           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Disclosure provided [Redacted]  origination application date [Redacted] and disclosure provided date [Redacted] <= creditor origination application date plus x days [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  9:18:05 AM 2 B 8/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257401           Credit Credit Miscellaneous Credit Exception:   Rate lock reflects No PP Penalty  please provide evidence this was bought out as [Redacted]  requires a [Redacted] month PP Penalty.   Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): See attached, Borrower brought out of PPP
 12/XX/2018  10:46:59 AM     1 A 11/XX/2018 FL Investment Purchase   C A C A     A A     No
206257401           Credit Fix and Flip General Insufficient funds for Reserves.   Total amount due to closed based on amount required to close + EMD+ prepaid closing costs [Redacted]   Reviewer Comment (2019-03-01): Sun Trust account added to assets to satisfy reserves and funds to close.


Buyer Comment (2019-03-01): Borrower has the following assets documented in the file:
XXX xx/xx/xxxx -  $ xx,xxx
Chase xx/xx/xxxx -  $ xx,xxx
Sun Trust xx/x/xxxx -  $ xx,xxx.xx
Total $ xxx,xxx.xx ( after EMD which cleared Su Trust on x/xx also documented in the file)

As per HUDx borrower needed $ xx,xxx.xx to close.
This leaves borrower with $ xx,xxx.xx after closing with reserves of xx.xxx months
 12/XX/2018  10:52:16 AM     1 A 11/XX/2018 FL Investment Purchase   C A C A     A A     No
206257401           Credit Assets Asset Documentation Insufficient funds for Reserves. Guidelines require   Total amount due to closed based on amount required to close + EMD+ prepaid closing costs [Redacted]   Reviewer Comment (2019-03-01): Sun Trust account added to assets to satisfy reserves and funds to close.


Buyer Comment (2019-03-01): Borrower has the following assets documented in the file:
XXX xx/xx/xxxx -  $ xx,xxx
Chase xx/xx/xxxx -  $ xx,xxx
Sun Trust xx/x/xxxx -  $ xx,xxx.xx
Total $ xxx,xxx.xx ( after EMD which cleared Su Trust on x/xx also documented in the file)

As per HUDx borrower needed $ xx,xxx.xx to close.
This leaves borrower with $ xx,xxx.xx after closing with reserves of xx.xxx months
 12/XX/2018  10:52:33 AM     1 A 11/XX/2018 FL Investment Purchase   C A C A     A A     No
206257402           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage of [Redacted] does not meet minimum of [Redacted] estimated cost new ([Redacted] x [Redacted]=[Redacted])   Reviewer Comment (2019-03-01): Replacement Cost Estimator provided.


Buyer Comment (2019-03-01): Replacement Cost Estimator
 12/XX/2018  10:40:27 AM     1 A 11/XX/2018 FL Investment Purchase   C A C A     A A     No
206257403           Credit Missing Document General Missing Document: Lease Agreement not provided   Subject is tenant occupied at time if closing missing lease.   Reviewer Comment (2019-03-01): Lease Agreement provided.


Buyer Comment (2019-03-01): Please see attached leases
 12/XX/2018  2:56:46 PM     1 A 11/XX/2018 NJ Investment Purchase   C A C A     A A     No
206257404           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  12:42:11 PM 2 B 8/XX/2018 NV Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
206257404           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-03-01): Seller provided the loan approval dated (Redacted) with a DTI of xx.xxx%.
 9/XX/2018  5:19:09 PM     1 A 8/XX/2018 NV Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
206257404           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.55110% or Final Disclosure APR of 6.56000% is in excess of allowable threshold of APOR 4.63% + 1.5%, or 6.13000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  4:12:14 PM 1 A 8/XX/2018 NV Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
206257404           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] September [Redacted] statement not provided for [Redacted] month statement analysis.   Reviewer Comment (2019-03-01): Seller provided the xxxx x/xx/xxxx statement.


Reviewer Comment (2019-03-01): Seller provided the bank statement income analysis - missing the x/xxxx statement for account xxxx with deposits of xxxxx.xx. Exception remains
 9/XX/2018  5:14:23 PM     1 A 8/XX/2018 NV Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
206257405           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Lender Approved Exception Documented in file New Construction

Borrower has no derogatory Credit. No public records.

Borrower is XXX for the past 3 years 11 months and in the profession for the past 5 years

Reserves are 7.96  months, 1.96 months > program requirement of 6 months

Credit Score is 780, 60 points > program requirement of 720		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  4:10:54 PM 2 B 11/XX/2018 CT Investment Refinance - Cash-out - Other   C B C B     A A     No
206257406           Credit Compliance Miscellaneous Compliance Missing Document: Closing Disclosure not provided       Reviewer Comment (2019-03-01): Loan is a business purpose investment loan, it's not subject to RESPA or TRID and neither a CD nor HUD is required


Buyer Comment (2019-03-01): This is a Non-TRID loan SP-I5 please remove this exception.
 12/XX/2018  8:33:57 AM     1 A 11/XX/2018 MD Investment Purchase   C A C A     A A     No
206257407           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy.   The loan file is short the required x months reserves. Verified reserves PITIA [Redacted]   Reviewer Comment (2019-03-01): Additional assets provided to satisfy reserves.


Buyer Comment (2019-03-01): Reserves
 12/XX/2018  8:14:54 AM     1 A 12/XX/2018 NJ Investment Purchase   C A C A     A A     No
206257407           Credit Assets Asset Documentation Insufficient funds for Reserves. Guidelines require   Loan file short the required x months reserves. Amount verified [Redacted], Required [Redacted]   Reviewer Comment (2019-03-01): Additional assets provided to satisfy reserves.


Buyer Comment (2019-03-01): Reserves, Cert of Deposit
 12/XX/2018  8:15:01 AM     1 A 12/XX/2018 NJ Investment Purchase   C A C A     A A     No
206257407           Credit Fix and Flip General Insufficient funds for Reserves.   Loan file short required reserves of [Redacted]. Verified reserves [Redacted]   Reviewer Comment (2019-03-01): Additional assets provided to satisfy reserves.


Buyer Comment (2019-03-01): See Cert of Deposit
 12/XX/2018  8:15:07 AM     1 A 12/XX/2018 NJ Investment Purchase   C A C A     A A     No
206257408           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.27240% or Final Disclosure APR of 6.27600% is in excess of allowable threshold of APOR 4.63% + 1.5%, or 6.13000%.  Compliant Higher Priced Mortgage Loan. Disclosure reflects APR as [Redacted]; calculated is [Redacted]%; threshold is [Redacted].   Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  8:43:22 AM 1 A 8/XX/2018 NY Primary Purchase   B A B A B A A A Non QM Non QM No
206257408           Compliance Compliance Federal Compliance TRID Seller Closing Disclosure Fees Lesser than Final Closing Disclosure Seller Paid Fees TILA-RESPA Integrated Disclosure:  Fees disclosed on the Seller's Closing Disclosure are less than the Seller Paid fees disclosed on the Consumer's Final Closing Disclosure. (Final/[Redacted]) Seller paid fees on the buyers Closing Disclosure is $[Redacted]; seller paid fees on the sellers Closing Disclosure is $[Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  2:31:09 PM 2 A 8/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure B A B A B A A A Non QM Non QM Yes
206257408           Compliance Compliance Federal Compliance 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 disclosed as $[Redacted] on the LE dated [Redacted]; but disclosed as $[Redacted] on the Final Closing Disclosure. Cure was provided.       9/XX/2018  3:02:37 PM   1 A 8/XX/2018 NY Primary Purchase Final CD evidences Cure B A B A B A A A Non QM Non QM Yes
206257408           Credit Missing Document General Incomplete Document: 1003 Initial - Lender's is incomplete   Initial 1003 is incomplete due to missing borrower's signature and date.   Reviewer Comment (2019-03-01): Seller provided the initial signed and dated xxxx on x/xx/xxxx.
 9/XX/2018  11:44:36 AM     1 A 8/XX/2018 NY Primary Purchase   B A B A B A A A Non QM Non QM No
206257409           Credit Loan Package Documentation Application / Processing Missing Document: Flood Certificate not provided   Flood Certificate is missing from loan docs   Reviewer Comment (2019-03-01): Flood Certificate provided.
 12/XX/2018  8:28:12 AM     1 A 11/XX/2018 GA Investment Refinance - Cash-out - Other   C B C B     A A     No
206257409           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage of [Redacted] < loan amount of [Redacted].   Reviewer Comment (2019-03-01): Updated hazard insurance coverage provided.
 12/XX/2018  1:48:25 PM     1 A 11/XX/2018 GA Investment Refinance - Cash-out - Other   C B C B     A A     No
206257409           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Lender approved Borrower has 1 open mortgage rated paid as agreed since inception (7/2017). No public records

Borrower is XXX for over 2 years

DSC is 134%,  34% > program requirement of 100%

Reserves are 106.27 months, 105.27 months > program requirement of 3 months		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  10:28:08 AM 2 B 11/XX/2018 GA Investment Refinance - Cash-out - Other   C B C B     A A     No
206257410           Credit Legal / Regulatory / Compliance Title / Lien Defect Title Policy Coverage is less than Original Loan Amount.   The title policy in the loan file is a "Commitment: and not the final title policy. Please provide updated commitment or final for loan amount [Redacted].   Reviewer Comment (2019-03-01): Updated title commitment with policy coverage of $xx,xxx.xx provided.


Buyer Comment (2019-03-01): Updated Title
 12/XX/2018  7:56:34 AM     1 A 11/XX/2018 TX Investment Purchase   C A C A     A A     No
206257410           Credit Loan Package Documentation Application / Processing HOA Error: Subject is located in a project and HOA Information was not provided. Valuation Type: Appraisal / Valuation Report Date: [Redacted] Title states property has an HOA, appraisal does not. Needs additional documentation   Reviewer Comment (2019-03-01): Per tax cert provided, HOA showing on title is for different property.
 12/XX/2018  7:55:03 AM     1 A 11/XX/2018 TX Investment Purchase   C A C A     A A     No
206257412           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.     Buyer Comment (2019-03-01): waive
     9/XX/2018  5:28:35 PM 2 B 9/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206257412           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.78030% or Final Disclosure APR of 7.83900% is in excess of allowable threshold of APOR 4.63% + 2.5%, or 7.13000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  2:30:25 PM 1 A 9/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206257412           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).     Buyer Comment (2019-03-01): waive
     9/XX/2018  5:28:43 PM 2 B 9/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM Yes
206257412           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): waive
     9/XX/2018  5:28:52 PM 2 B 9/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206257412           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 7.78030% or Final Disclosure APR of 7.83900% is in excess of allowable threshold of APOR 4.63% + 2.5%, or 7.13000%.  Compliant Higher Priced Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  2:30:53 PM 1 A 9/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206257412           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) CD indicated $[Redacted] for amount by which the closing costs exceed the legal limit, which does not include the lender fee violation of [Redacted]   Buyer Comment (2019-03-01): waive
     9/XX/2018  5:29:03 PM 2 B 9/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257412           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Issued [Redacted] with closing date of [Redacted]   Reviewer Comment (2019-03-01): xx/xx/xxxx Initial CD provided.


Buyer Comment (2019-03-01): Initial CD issued and Esigned x/xx/xx which means consummation date of x/x/xx is sufficient
 9/XX/2018  6:03:31 PM     1 A 9/XX/2018 CA Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257412           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Seller's CD has fee's not on Buyer's CD   Buyer Comment (2019-03-01): waive
     9/XX/2018  5:31:02 PM 2 A 9/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257412           Compliance Compliance Federal Compliance 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. Fee's changed without a VCC   Reviewer Comment (2019-03-01): Change of circumstance loam amount increase


Buyer Comment (2019-03-01): Loan amount increased
 9/XX/2018  6:03:31 PM     1 A 9/XX/2018 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
206257412           Compliance Compliance Federal Compliance 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. Fee's changed without a VCC   Reviewer Comment (2019-03-01): $xxx cure provided at closing


Buyer Comment (2019-03-01): Cure was applied on CD
 9/XX/2018  6:03:31 PM     1 A 9/XX/2018 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
206257412           Compliance Compliance Federal Compliance 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. $[Redacted] cure provided at closing       9/XX/2018  6:03:31 PM   1 A 9/XX/2018 CA Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
206257413           Credit Loan Package Documentation Application / Processing Missing Document: Certificate of Good Standing not provided   No documentation for formation located in file.   Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): Please point to location in (Redacted)  guidelines indicating requirement for this document.
 12/XX/2018  2:26:58 PM     1 A 11/XX/2018 NC Investment Refinance - Cash-out - Other   C A C A     A A     No
206257413           Credit Loan Package Documentation Loan File Missing Document: Hazard Insurance Policy not provided   File only has a dwelling application. The Hazard Insurance Policy not contained in the loan file.   Reviewer Comment (2019-03-01): Hazard Insurance Policy provided.


Buyer Comment (2019-03-01): Uploaded For Review: HOI


Reviewer Comment (2019-03-01): Document provided appears to be the HOI application. Actual HOI policy/dec page is required. Condition remains.


Buyer Comment (2019-03-01): Uploaded For Review HOI and Replacement Cost Estimator
 12/XX/2018  12:59:36 PM     1 A 11/XX/2018 NC Investment Refinance - Cash-out - Other   C A C A     A A     No
206257413           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.   The loan file does not contain the Hazard Insurance Policy reflecting the lender's loss payable.   Reviewer Comment (2019-03-01): Hazard Insurance Policy provided.


Buyer Comment (2019-03-01): Uploaded For Review: HOI


Reviewer Comment (2019-03-01): Document provided appears to be the HOI application. Actual HOI policy/dec page is required. Condition remains.


Buyer Comment (2019-03-01): Attached For Review
 12/XX/2018  12:59:43 PM     1 A 11/XX/2018 NC Investment Refinance - Cash-out - Other   C A C A     A A     No
206257413           Credit Loan Package Documentation Application / Processing Missing Document: Operating Agreement not provided   No documentation for formation located in file.   Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): Articles begin on page #xxx


Buyer Comment (2019-03-01): Articles begin on page #xxx.
 12/XX/2018  2:15:22 PM     1 A 11/XX/2018 NC Investment Refinance - Cash-out - Other   C A C A     A A     No
206257413           Credit Borrower and Mortgage Eligibility Borrower Eligibility Guideline Issue: Number of properties financed exceeds amount allowed by guidelines.   Lender approved exception to allow [Redacted] properties to be financed through [Redacted] for the same borrower to be purchased/refinanced with [Redacted] Mortgage vs program maximum of no more than x loans that are financed with or have been sold to [Redacted].   Reviewer Comment (2019-03-01): Borrower has x properties with mortgages, within guidelines.


Buyer Comment (2019-03-01): Please  Clear this exception based on xx/xx updated guidelines reflected below:

x.xx Limitation on Mortgages for Which Borrowers and Guarantors are Obligated
       No Borrower (REDACTED) be obligated for more than xx loans that have been sold to (Redacted). If a person is already obligated for xx loans that have been sold to
       (Redacted), then additional Loans for which such person is a Borrower are ineligible for sale to (Redacted).


Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
 12/XX/2018  3:09:14 PM     1 A 11/XX/2018 NC Investment Refinance - Cash-out - Other   C A C A     A A     No
206257414           Credit Missing Document General Missing Document: Lease Agreement not provided   Loan is pur[Redacted]and both units per appraisal are currently rent please provide leases.   Reviewer Comment (2019-03-01): SFR Vacant property rider provided.


Buyer Comment (2019-03-01): See Lock confirmation as well, See Possession on Purch Contract
 12/XX/2018  12:33:20 PM     1 A 12/04/2018 FL Investment Purchase   C A C A     A A     No
206257414           Credit Credit Miscellaneous Credit Exception:   [Redacted]  requires a x years PPP none on loan please provide evidence this was bought out.   Reviewer Comment (2019-03-01): Lock confirmation provided.


Buyer Comment (2019-03-01): See Lock confirmation as well
 12/XX/2018  12:33:58 PM     1 A 12/04/2018 FL Investment Purchase   C A C A     A A     No
206257415           Credit Credit Miscellaneous Credit Exception:         10/XX/2018  8:02:38 AM     1 A 9/XX/2018 TX Primary Purchase   C B C B C B A A Non QM Non QM No
206257415           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy.     Borrower has self employment stability for 7 years as XXX and XXX.

Credit score is 722, 62 points > program requirement 660.

LTV is 79.734%, 5.266% < max program of 85%.		       10/XX/2018  7:56:30 AM 2 B 9/XX/2018 TX Primary Purchase   C B C B C B A A Non QM Non QM No
206257415           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant             9/XX/2018  2:39:40 PM 1 A 9/XX/2018 TX Primary Purchase   C B C B C B A A Non QM Non QM No
206257415           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Lender Credit             10/XX/2018  8:30:35 AM 2 B 9/XX/2018 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 B C B A A Non QM Non QM Yes
206257415           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Closing Costs Exceeds Limits Amount             10/XX/2018  8:30:45 AM 2 B 9/XX/2018 TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257415           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver         9/XX/2018  3:19:24 PM     1 A 9/XX/2018 TX Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257415           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Projected Principal And Interest Payment Max Payment Adjustable Rate         10/XX/2018  7:57:47 PM     1 A 9/XX/2018 TX Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
206257415           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Projected Principal And Interest Payment Max Payment Adjustable Rate         10/XX/2018  7:57:47 PM     1 A 9/XX/2018 TX Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
206257416           Credit Missing Document General Missing Document: Verification of Non-US Citizen Status not provided   All applications show as non citizen status   Reviewer Comment (2019-03-01): Received corrected xxxx. Cleared.


Buyer Comment (2019-03-01): The borrower is a US Citizen. Uploaded revised xxxx and ID
 12/XX/2018  11:48:36 AM     1 A 12/04/2018 FL Investment Purchase   C A C A     A A     No
206257416           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy.   All application state non citizen   Reviewer Comment (2019-03-01): Received corrected xxxx. Borrower is a US Citizens. Max LTV is xx%. Cleared.


Buyer Comment (2019-03-01): Borrower is a US Citizen. Uploaded xxxx and ID
 12/XX/2018  11:51:43 AM     1 A 12/04/2018 FL Investment Purchase   C A C A     A A     No
206257416           Credit Borrower and Mortgage Eligibility Credit Eligibility Non-permanent Resident Aliens or Foreign Nationals are considered on a case by case basis.  Confirm residency requirements with Investor Guidelines. Borrower: [Redacted] No supporting documentation as to status   Reviewer Comment (2019-03-01): Received corrected xxxx. Cleared.


Buyer Comment (2019-03-01): Borrower is a US Citizen. Uploaded xxxx and ID
 12/XX/2018  11:48:55 AM     1 A 12/04/2018 FL Investment Purchase   C A C A     A A     No
206257416           Credit Loan Package Documentation Application / Processing Missing Document: Other not provided   Missing ACH as per document borrower is foreign national and required by SPI5 loan program.   Reviewer Comment (2019-03-01): Received corrected xxxx. Cleared.


Buyer Comment (2019-03-01): Borrower is a US Citizen. Uploaded xxxx and ID
 12/XX/2018  11:49:06 AM     1 A 12/04/2018 FL Investment Purchase   C A C A     A A     No
206257417           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy.   Lender Exception in file and documented is a COUNTEROFFER for Max Loan amount [Redacted] and LTV [Redacted] - Loan is at [Redacted] LTV and loan amount [Redacted].  
No lender exception approval for the Loan amount nor LTV that loan closed in		   Reviewer Comment (2019-03-01): Meets guides for LTV and Loan amount.


Reviewer Comment (2019-03-01): Incorrectly waived


Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
 12/XX/2018  10:05:32 AM     1 A 12/XX/2018 FL Investment Purchase   C A C A     A A     No
206257420           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Reviewer Comment (2019-03-01): Please provide a lender exception approval form containing the compensating factors you are using or waive without. Exception remains open


Reviewer Comment (2019-03-01): Incorrectly cleared


Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  11:03:16 AM 2 B 8/XX/2018 FL Second Home Purchase   B B A A B B A A Non QM Non QM No
206257420           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Final CD reflects assumptions are not allowed yet Note has assumption language indication it is allowed.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Reviewer Comment (2019-03-01): Please provide a lender exception approval form containing the compensating factors you are using or waive without. Exception remains open


Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  11:03:32 AM 2 B 8/XX/2018 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
206257420           Compliance Compliance Federal Compliance TRID Final Closing Disclosure No Seller Paid Fees Non Primary Residence TRID Final Closing Disclosure  [Redacted] on a purchase transaction did not disclose any Seller paid fees/charges on page  2. (Points and Fees testing limited to Borrower paid fees.) (Final/ [Redacted]) Borrower's final CD and Seller's CD did not reflect any seller paid fees.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Reviewer Comment (2019-03-01): Please provide a lender exception approval form containing the compensating factors you are using or waive without. Exception remains open


Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  11:03:46 AM 2 A 8/XX/2018 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
206257422           Credit Loan Package Documentation Closing / Title Missing Document: Closing Protection Letter not provided   Missing E&O Policy with minimum coverage of [Redacted] per claim and [Redacted] in aggregate with a deductible of no more than $[Redacted]. The title insurer must have an "A" or better rating from [Redacted] rating service.   Reviewer Comment (2019-03-01): Received E&O policy. Cleared.


Buyer Comment (2019-03-01): E&O
 12/XX/2018  10:29:53 AM     1 A 12/XX/2018 NY Investment Purchase   C A C A     A A     No
206257422           Credit Missing Document General Missing Document: Lease Agreement not provided   Lease Agreement not applicable.   Reviewer Comment (2019-03-01): Lease not required. SFR Vacant property rider provided. Cleared.


Buyer Comment (2019-03-01): See Purchase contract Possesson
 12/XX/2018  10:30:18 AM     1 A 12/XX/2018 NY Investment Purchase   C A C A     A A     No
206257422           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance policy number is missing from evidence of insurance.   Evidence of Insurance does not reflect the policy/binder number.   Reviewer Comment (2019-03-01): HOI with Binder # provided.


Buyer Comment (2019-03-01): HOI with Binder #


Reviewer Comment (2019-03-01): Policy/Binder # still blank.


Buyer Comment (2019-03-01): HOI updated
 12/XX/2018  3:08:13 PM     1 A 12/XX/2018 NY Investment Purchase   C A C A     A A     No
206257422           Credit System General Insurance address does not match Note address.   The subject property address on the insurance is [Redacted] xxx [Redacted].
Address on the note is [Redacted] xxx [Redacted]		   Reviewer Comment (2019-03-01): HOI with updated address provided.


Buyer Comment (2019-03-01): HOI updated
 12/XX/2018  9:08:48 AM     1 A 12/XX/2018 NY Investment Purchase   C A C A     A A     No
206257422           Credit System General Valuation address does not match Note address. Valuation Type: Appraisal / Valuation Report Date: [Redacted] The subject property address on the valuations in file:  [Redacted] XXX [Redacted].
Address on the note is [Redacted] XXX [Redacted]		   Reviewer Comment (2019-03-01): Appraiser addressed this issue. Corrected. Condition cleared.


Buyer Comment (2019-03-01): See page xx on updated Appraisal
 12/XX/2018  8:49:57 AM     1 A 12/XX/2018 NY Investment Purchase   C A C A     A A     No
206257423           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Contact Information - Lender TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on [Redacted] did not disclose the required  Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). (Final/[Redacted]) The final CD does not have the Lender Contact NMLS ID.   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure provided


Buyer Comment (2019-03-01): PCCD corrected, Label and LOX


Reviewer Comment (2019-03-01): Lender Contact NMLS ID in the Contact Information table of the final CD is "NA".  Contact number should be included in chart.


Buyer Comment (2019-03-01): (Redacted) has no alerts for NMLS # Please be specific


Buyer Comment (2019-03-01): Requested
   9/XX/2018  3:10:37 PM   2 B 9/XX/2018 NC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257423           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total [Redacted], while closing CD seller's fees total [Redacted]   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     9/XX/2018  7:20:17 PM 2 A 9/XX/2018 NC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257423           Credit Credit Miscellaneous Credit Exception:   [Redacted]   Reviewer Comment (2019-03-01): Per the x/x/xxxx guides a professional tax preparer letter is acceptable.


Reviewer Comment (2019-03-01): Incorrectly waived


Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
 10/04/2018     1 A 9/XX/2018 NC Primary Purchase   C B C A C B A A Non QM Non QM No
206257425           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Charge-offs / Balance:  [Redacted] Disputed collection for $[Redacted] for apartment rented vs requirement charge-off exceeding $[Redacted] must be paid off. Lender approved exception. No derogatory credit on mortgage or rent

Property is new construction

Reserves 25 months, 22 > than 3 months required

Borrower XXX business 40 years. Co Borrower same line of work for past 6 years		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  11:16:57 AM 2 B 12/XX/2018 AL Investment Purchase   C B C B     A A     No
206257425           Credit Credit Miscellaneous Credit Exception:   DSC is [Redacted] < [Redacted] required per the [Redacted]  loan program. Reserves 25 months, 22 > than 3 months required

Borrower XXX business 40 years. Co Borrower same line of work for past 6 years		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.


Buyer Comment (2019-03-01): That's what the exception is for. Please clear this exception.


Reviewer Comment (2019-03-01): DSC Ratio calc provided and reflects a ratio of xx.xxx% < xxx% required by guidelines.


Buyer Comment (2019-03-01): See updated DSC Calculator


Reviewer Comment (2019-03-01): DSC calculator not provided and per rent schedule, market rent is $xxxx.xx resulting in DSC ratio of xx%


Buyer Comment (2019-03-01): Please see attached Exception
     1/XX/2019  11:40:15 AM 2 B 12/XX/2018 AL Investment Purchase   C B C B     A A     No
206257427           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.27600% or Final Disclosure APR of 7.32300% is in excess of allowable threshold of APOR 4.71% + 1.5%, or 6.21000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  3:04:23 PM 1 A 9/XX/2018 NJ Primary Purchase   C B C B C B A A Non QM Non QM No
206257427           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).     Buyer Comment (2019-03-01): please waive
     9/XX/2018  11:36:53 PM 2 B 9/XX/2018 NJ Primary Purchase   C B C B C B A A Non QM Non QM Yes
206257427           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): please waive
     9/XX/2018  11:37:01 PM 2 B 9/XX/2018 NJ Primary Purchase   C B C B C B A A Non QM Non QM No
206257427           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the decrease to the Lender Credit.   Reviewer Comment (2019-03-01): COC loan program change
 9/XX/2018  6:13:43 PM     1 A 9/XX/2018 NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257427           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; the borrower signed on [Redacted].   Reviewer Comment (2019-03-01): Initial CD signed on xx/xx/xxxx


Buyer Comment (2019-03-01): Please see ESIGN, CD
 9/XX/2018  6:13:43 PM     1 A 9/XX/2018 NJ Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257427           Compliance Compliance Federal Compliance 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. (Type:Primary/[Redacted])     Buyer Comment (2019-03-01): please waive
     9/XX/2018  11:37:18 PM 2 B 9/XX/2018 NJ Primary Purchase   C B C B C B A A Non QM Non QM No
206257427           Compliance Compliance Federal Compliance 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 LE issued on [Redacted] reduced the Seller Credit without a valid change of circumstance.   Reviewer Comment (2019-03-01): COC loan program change


Buyer Comment (2019-03-01): x/xx COC uploaded for your review.
 9/XX/2018  6:13:43 PM     1 A 9/XX/2018 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 B C B A A Non QM Non QM Yes
206257427           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The Borrower's CD did not disclose the seller paid fees.   Buyer Comment (2019-03-01): please waive
     9/XX/2018  2:36:14 PM 2 A 9/XX/2018 NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257427           Credit Credit Credit Eligibility Guideline Issue:  Foreclosure timeline outside of credit guidelines   Previous short sale [Redacted] months prior to Close vs [Redacted] months minimum requirement per guidelines.  Lender approved exception. Guideline variance approved by lender at time of origination.  Borrower has 3 closed mortgages reporting paid as agreed.

Borrower has employment stability for 20 years as a XXX.

33.19% DTI on this Full documentation loan < 50% guideline max - 16.81% below program guideline maximum.

Credit score of 691 is 11 points above the program requirement of 680.

Guideline variance approved by lender at time of origination.  Long established condo, control of HOA transferred to unit owners in 2008.  Very low investor concentration of 11.3%, 30 out of 265 units renter occupied.  No commercial space in the project.  Aprpaiser provided comparable sales in the subject project and commented that there did not appear to be any impact on value by the pending litigation.  Borrower has been renting subject property for the past 18 months.

Reserves are 41.91 months, 48.91 months greater than program requirement of 3 months.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  3:17:14 PM 2 B 9/XX/2018 NJ Primary Purchase   C B C B C B A A Non QM Non QM No
206257427           Credit Credit Miscellaneous Credit Exception:   Homeowner association is involved in pending litigation as the plaintiff against the developer and builder of the project. Lender acknowledged. Guideline variance approved by lender at time of origination.  Borrower has 3 closed mortgages reporting paid as agreed.

Borrower has employment stability for 20 years as a XXX.

33.19% DTI on this Full documentation loan < 50% guideline max - 16.81% below program guideline maximum.

Credit score of 691 is 11 points above the program requirement of 680.

Guideline variance approved by lender at time of origination.  Long established condo, control of HOA transferred to unit owners in 2008.  Very low investor concentration of 11.3%, 30 out of 265 units renter occupied.  No commercial space in the project.  Aprpaiser provided comparable sales in the subject project and commented that there did not appear to be any impact on value by the pending litigation.  Borrower has been renting subject property for the past 18 months.

Reserves are 41.91 months, 48.91 months greater than program requirement of 3 months.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  3:18:54 PM 2 B 9/XX/2018 NJ Primary Purchase   C B C B C B A A Non QM Non QM No
206257428           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy.   Verified - Assets documented are only assets located - short reserves and cash to close   Reviewer Comment (2019-03-01): HUD x for Cashout refi proceeds provided for reserves.


Buyer Comment (2019-03-01): Please see attached HUD x for Cashout refi proceeds for xxx XXX
 12/XX/2018  3:03:48 PM     1 A 12/XX/2018 SC Investment Purchase   C A C A     A A     No
206257428           Credit Assets Asset Documentation Insufficient funds for Reserves. Guidelines require   Verified - Assets documented are only assets located - short reserves and cash to close   Reviewer Comment (2019-03-01): HUD x for Cashout refi proceeds provided for reserves.


Buyer Comment (2019-03-01): Please see attached HUD x for Cashout refi proceeds for xxx XXX
 12/XX/2018  3:03:54 PM     1 A 12/XX/2018 SC Investment Purchase   C A C A     A A     No
206257428           Credit Fix and Flip General Insufficient funds for Reserves.   Verified - Assets documented are only assets located - short reserves and cash to close   Reviewer Comment (2019-03-01): HUD x for Cashout refi proceeds provided for reserves.


Buyer Comment (2019-03-01): Please see attached HUD x for Cashout refi proceeds for xxx XXX
 12/XX/2018  3:04:01 PM     1 A 12/XX/2018 SC Investment Purchase   C A C A     A A     No
206257430           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure provided.


Buyer Comment (2019-03-01): uploaded PCCD/refund
   9/XX/2018  10:39:45 AM   2 B 09/04/2018 GA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257430           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Missing proof of timely receipt   Reviewer Comment (2019-03-01): Initial CD provided.
 9/XX/2018  3:31:54 PM     1 A 09/04/2018 GA Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206257430           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) Missing proof of timely receipt   Reviewer Comment (2019-03-01): Document provided confirms receipt of LE
 9/XX/2018  3:31:54 PM     1 A 09/04/2018 GA Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206257430           Compliance Compliance Federal Compliance 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. Zero Percent Fee Tolerance exceeded for Processing Fee. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Missing proof of valid change, insufficient or no cure was provided to the borrower.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided.
   9/XX/2018  10:40:27 AM   2 B 09/04/2018 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 B C B A A Non QM Non QM Yes
206257430           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Lender acknowledged Excellent mortgage payment history, no late payment since inception. No late payment on entire credit report since inception earliest dated 3/1997. No public records.

Borrower is self-employed as a XXX for 6 years and has been in the same line of work for the past 17 years.

17.24 months reserves, 5.24 months> program requirement if 12 months.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  3:28:27 PM 2 B 09/04/2018 GA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257430           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Lender acknowledged Excellent mortgage payment history, no late payment since inception. No late payment on entire credit report since inception earliest dated 3/1997. No public records.

Borrower is self-employed as a XXX for 6 years and has been in the same line of work for the past 17 years.

17.24 months reserves, 5.24 months> program requirement if 12 months.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  3:28:36 PM 2 B 09/04/2018 GA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257431           Credit Loan Package Documentation Closing / Title Missing Document: Closing Protection Letter not provided   Missing an E&O Policy with minimum coverage of [Redacted] per claim and [Redacted] in aggregate with a deductible of no more than $[Redacted]. The title insurer must have an "A" or better rating from [Redacted] rating service.   Reviewer Comment (2019-03-01): Closing Protection Letter provided.
 12/XX/2018  10:03:52 AM     1 A 12/XX/2018 NY Investment Purchase   C A C A     A A     No
206257433           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy.   No documentation of gift funds in file, Gift Letter, transfer, etc   Reviewer Comment (2019-03-01): gift funds provided for reserves.


Buyer Comment (2019-03-01): Please see gift letters and transfer of funds uploaded for your review.
 12/XX/2018  4:06:33 PM     1 A 12/XX/2018 TX Investment Purchase   C A C A     A A     No
206257433           Credit Assets Asset Documentation Insufficient funds for Reserves. Guidelines require   No documentation of gift funds transfer and receipt in file as Gift Letter states [Redacted]  however final closing statement states [Redacted]..   Reviewer Comment (2019-03-01): gift funds provided for reserves.


Buyer Comment (2019-03-01): Please see gift letters and transfer of funds uploaded for your review.
 12/XX/2018  4:06:39 PM     1 A 12/XX/2018 TX Investment Purchase   C A C A     A A     No
206257433           Credit Fix and Flip General Insufficient funds for Reserves.   No documentation of gift funds transfer and receipt in file as Gift Letter in states [Redacted]   however final closing statement states [Redacted].   Reviewer Comment (2019-03-01): gift funds provided for reserves.


Buyer Comment (2019-03-01): Please see gift letters and transfer of funds uploaded for your review.
 12/XX/2018  4:06:46 PM     1 A 12/XX/2018 TX Investment Purchase   C A C A     A A     No
206257433           Credit Assets Asset Calculation / Analysis Available for Closing is insufficient to cover Cash From Borrower.   No documentation of gift funds transfer and receipt in file as Gift Letter states [Redacted]   however final closing statement states [Redacted]. .   Reviewer Comment (2019-03-01): gift funds provided for reserves.


Buyer Comment (2019-03-01): Please see gift letters and transfer of funds uploaded for your review.
 12/XX/2018  4:06:53 PM     1 A 12/XX/2018 TX Investment Purchase   C A C A     A A     No
206257434           Credit Assets Asset Documentation Guideline Issue:Insufficient asset documentation. Financial Institution: [Redacted] / End Date:[Redacted] // Account Type: [Redacted] / Account Number: [Redacted], Financial Institution: [Redacted] / End Date: [Redacted]// Account Type: [Redacted] / Account Number: [Redacted] Received x month bank statement.  Provide consecutive statement for account.   Reviewer Comment (2019-03-01): Per final xxxx accounts xxxx and xxxx are not included in assets.


Buyer Comment (2019-03-01): I do not find any (REDACTED) accounts ending in xxxx or xxxx, please advise.
 9/XX/2018  4:15:35 PM     1 A 9/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257434           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.51720% or Final Disclosure APR of 6.55900% is in excess of allowable threshold of APOR 4.74% + 1.5%, or 6.24000%.  Compliant Higher Priced Mortgage Loan. Compliant HPML loan.   Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  3:40:43 PM 1 A 9/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257434           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%). 3% max investor allow fees exceeded.   Buyer Comment (2019-03-01): Waived, Level 2
     9/XX/2018  1:46:30 PM 2 B 9/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM Yes
206257434           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation disclosure not provided.   Buyer Comment (2019-03-01): Waived, Level 2
     9/XX/2018  1:47:21 PM 2 B 9/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257434           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Final CD is checked that loan will not allow for assumption; however, the loan is an assumable ARM.   Buyer Comment (2019-03-01): Waived, Level 2
     9/XX/2018  1:46:19 PM 2 B 9/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257434           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total [Redacted] while closing CD seller's fees total [Redacted]   Buyer Comment (2019-03-01): Waived, Level 2
     9/XX/2018  1:47:09 PM 2 A 9/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257434           Credit Missing Document General Incomplete Document: 1003 Final is incomplete   [Redacted]   Reviewer Comment (2019-03-01): Seller provided copy of the tax certs for xxxx Peach and xxxx Bogdonoff.


Buyer Comment (2019-03-01): For Your review: Tax certs for xxxx Peach and xxxx Bogdonoff
 9/XX/2018  4:20:41 PM     1 A 9/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257434           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Missing proof of timely receipt   Reviewer Comment (2019-03-01): Seller provided the initial CD electronic receipt dated x/x/xxxx.


Buyer Comment (2019-03-01): For your review E Disclosure of  CD
 9/XX/2018  4:28:04 PM     1 A 9/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257435           Credit Credit Credit Documentation Missing Document: Credit Report not provided   Credit report on guarantor (Ronniel) missing   Reviewer Comment (2019-03-01): Credit Report provided


Buyer Comment (2019-03-01): Credit Reports uploaded.
 12/XX/2018  9:15:29 AM     1 A 12/XX/2018 FL Investment Purchase   D A D A     A A     No
206257438           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): please waive
     9/XX/2018  10:34:21 PM 2 B 8/XX/2018 FL Second Home Purchase   C B C A C B A A Non QM Non QM No
206257438           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Closing Disclosures in the Loan File TILA-RESPA Integrated Disclosure: Closing Disclosure not provided or Closing Disclosure not provided prior to closing.  Any applicable Federal, State or Local compliance testing is unreliable or not performed. The CD disclosed an issued date of [Redacted] with a signature date of [Redacted].   Reviewer Comment (2019-03-01): Seller provided the final CD dated (Redacted)


Buyer Comment (2019-03-01): Please see WET SIGNED CD reflecting sent and received on (Redacted)
 9/XX/2018  1:51:06 PM     1 A 8/XX/2018 FL Second Home Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257438           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Timing Truth in Lending Act (2015): Creditor or broker did not provide the Home Loan Toolkit Disclosure to applicant within 3 business days of application. Home Loan Toolkit provided on [Redacted]; application received [Redacted].   Buyer Comment (2019-03-01): please waive
     9/XX/2018  10:35:10 PM 2 B 8/XX/2018 FL Second Home Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257438           Compliance Compliance Federal Compliance TILA - Impermissible Prepayment Penalty Truth in Lending Act (Dodd-Frank 2014): Covered transaction contains impermissible prepayment penalty. Missing the loan summary comparison.   Reviewer Comment (2019-03-01): Lender provided revised mortgage signed and re-recorded on xx/xx/xxxx removing the prepayment penalty.


Buyer Comment (2019-03-01): Please see EXECUTED REVISED DOCS - mortgage does not reflect PrePayment Penalty


Reviewer Comment (2019-03-01): The PPP exception is failing on this particular loan due to the fact that the loan is an ARM.  
xx CFR xxxx.xx(g) states that "A covered transaction must not include a prepayment penalty unless: (i ) The prepayment penalty is otherwise permitted by law; and (ii) The Transaction: (A) Has an annual percentage rate that cannot increase after consummation; (B) Is a qualified mortgage...; and (c) is not a higher-priced mortgage loan, as defined in xxxx.xx(a).  
Since this loan has an APR that can increase after consummation, a PPP is not permitted.


Buyer Comment (2019-03-01): Sent escalation email.  Please provide the specific disclosure form name/number that they are referencing in this exception.  We need to know what specifically is being asked for and what makes the prepayment impermissible.


Reviewer Comment (2019-03-01): Prepayment penalty is impermissible due to the loan comparison disclosure is missing.


Buyer Comment (2019-03-01): Please see WET SIGNED CD
 10/XX/2018  3:47:15 PM     1 A 8/XX/2018 FL Second Home Purchase   C B C A C B A A Non QM Non QM No
206257438           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. File contains evidence that the borrower received electronic disclosures, missing documentation of consent   Reviewer Comment (2019-03-01): (Redacted) received e-Sign Agreement.
 9/XX/2018  10:02:17 PM     1 A 8/XX/2018 FL Second Home Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257438           Credit Loan Package Documentation Closing / Title Title Error: Title vesting does not concur with deed   Title commitment disclosed vesting with another individual in addition to the borrower; security instrument disclosed the borrower only.  Warranty deed provided matched title commitment; however, it was not executed.   Reviewer Comment (2019-03-01): Seller provided revised title, security instrument and warranty deed all matching


Buyer Comment (2019-03-01): Please see REVISED TITLE, and EXECUTED WARRANTY DEED, vesting matches
 9/XX/2018  1:22:46 PM     1 A 8/XX/2018 FL Second Home Purchase   C B C A C B A A Non QM Non QM No
206257438           Compliance Compliance Federal Compliance TRID Loan Estimate Esign Consent Agreement Timing ESIGN Act - Loan Estimate provided on [Redacted] was electronically provided prior to borrower's consent to receive electronic disclosures. (Initial/[Redacted]) [Redacted] received e-Sign Agreement.   Reviewer Comment (2019-03-01): (Redacted) received e-Sign Agreement.
 9/XX/2018  10:02:30 PM     1 A 8/XX/2018 FL Second Home Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257438           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower. Missing the anti steering disclosure   Buyer Comment (2019-03-01): please waive
     9/XX/2018  5:51:07 PM 2 B 8/XX/2018 FL Second Home Purchase   C B C A C B A A Non QM Non QM No
206257438           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).     Buyer Comment (2019-03-01): please waive
     9/XX/2018  5:50:57 PM 2 B 8/XX/2018 FL Second Home Purchase   C B C A C B A A Non QM Non QM Yes
206257438           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Loan is assumable however CD states not assumable   Buyer Comment (2019-03-01): please waive
     9/XX/2018  5:50:43 PM 2 B 8/XX/2018 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257438           Compliance Compliance Federal Compliance 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/[Redacted]) CD reflects PPP amount [Redacted]> PPP maximum amount [Redacted]   Buyer Comment (2019-03-01): please waive
     9/XX/2018  5:50:28 PM 2 B 8/XX/2018 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257438           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) No cure dollar amount reflected   Reviewer Comment (2019-03-01): Cure provided on final CD.


Buyer Comment (2019-03-01): Please see SIGNED FINAL CD - $xx cure was provided and the $xx Recording fee was not reflected on the Final CD both have been addressed fully in other exceptions please clear
 9/XX/2018  10:11:10 AM     1 A 8/XX/2018 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257438           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Seller CD reflects [Redacted] borrowers CD x   Buyer Comment (2019-03-01): please waive
     9/XX/2018  5:50:15 PM 1 A 8/XX/2018 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257438           Compliance Compliance Federal Compliance 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. No COC provided for the increase in fee.   Reviewer Comment (2019-03-01): Cure provided on Final CD.


Buyer Comment (2019-03-01): Please see FINAL SIGNED CD reflecting cure of $xx was already provided
 9/XX/2018  10:11:10 AM     1 A 8/XX/2018 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
206257438           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Recording Service Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Fee not on initial LE   Reviewer Comment (2019-03-01): OK to treat as xx% tolerance which clears exception.


Buyer Comment (2019-03-01): Please see FINAL SIGNED CD - the $xx Recording Service Fee is not reflected on Final CD
 9/XX/2018  10:11:10 AM     1 A 8/XX/2018 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
206257438           Compliance Compliance Federal Compliance 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.         9/XX/2018  12:24:13 PM   1 A 8/XX/2018 FL Second Home Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
206257438           Compliance Compliance Federal Compliance TRID Post Close Closing Disclosure Timing Irregular Transactions TILA-RESPA Integrated Disclosure - Three-Day Waiting Period Timing Violation.  Post Closing Disclosure reflects a change in APR, loan product, or addition of prepayment penalty which would have triggered an additional 3-day waiting period had it been correctly disclosed on the Final Closing Disclosure. Revised mortgage provided removing prepayment penalty.   Reviewer Comment (2019-03-01): (Redacted) received the modified and fully executed Security Instrument removing the PPP Rider.  The final CD and the PCCD both show a PPP on page x being removed.


Buyer Comment (2019-03-01): Please see PCCD, LOX, PCCD LOX RECEIPT CONFIRMATION, ESIGN


Reviewer Comment (2019-03-01): (Redacted) received the modified and fully executed Security Instrument removing the PPP Rider.  The final CD and the PCCD both show a PPP on page x of the CD.  A Corrected CD and Letter of Explanation is required to clear.


Buyer Comment (2019-03-01): Please clear this exception, according to TRID (§ xxxx.xx(f)(x)(i) and (ii)), x day waiting only applies to "A prepayment penalty is added to the loan. (§ xxxx.xx(f)(x)(ii))".


Buyer Comment (2019-03-01): Please see EXECUTED REVISED DOCS reflecting the Pre-payment Penalty was removed not added
 10/XX/2018  2:33:39 PM     1 A 8/XX/2018 FL Second Home Purchase   C B C A C B A A Non QM Non QM No
206257438           Compliance Compliance Federal Compliance 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/[Redacted]) [Redacted] received the modified and fully executed Security Instrument removing the PPP Rider.  The final CD and the PCCD both show a PPP on page 1   Reviewer Comment (2019-03-01): (Redacted) received the modified and fully executed Security Instrument removing the PPP Rider.  The final CD and the PCCD both show a PPP on page x being removed.
   10/XX/2018  2:32:14 PM   2 B 8/XX/2018 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257440           Credit Missing Document General Missing Document: Lease Agreement not provided   No lease agreement located in loan docs - appraisal verifies property is currently tenant occupied   Reviewer Comment (2019-03-01): SFR Vacant Property Rider provided.


Buyer Comment (2019-03-01): Please see attached
 12/XX/2018  1:33:47 PM     1 A 12/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
206257440           Credit Legal / Regulatory / Compliance Title / Lien Defect Title Policy Coverage is less than Original Loan Amount.   Verified Commitment reflects a loan amount of [Redacted]   Reviewer Comment (2019-03-01): Title commitment update reflects correct loan amount.


Buyer Comment (2019-03-01): See attached


Reviewer Comment (2019-03-01): Per upper mngt, need updated commitment or final title policy.


Buyer Comment (2019-03-01): Final policy is not complete yet with updated loan amount.  Please see attached lenders Closing instructions that evidence that policy is in the amount of $ xxx,xxx
 1/XX/2019  11:59:22 AM     1 A 12/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
206257440           Credit Credit Credit Documentation There is no lease in place for the subject property and the absence of this document casts doubt on business purpose of loan.   No lease agreement located in loan docs - appraisal verifies property is currently tenant occupied   Reviewer Comment (2019-03-01): SFR Vacant Property Rider provided.


Buyer Comment (2019-03-01): See attached
 12/XX/2018  1:40:49 PM     1 A 12/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
206257440           Credit Insurance Insurance Analysis Insufficient Coverage: Flood insurance coverage amount is insufficient.       Reviewer Comment (2019-03-01): xxx% replacement cost reflected on flood ins.


Buyer Comment (2019-03-01): Policy shows xxx% replacement cost up to $xxx,xxx .  Please clear exception.
 12/XX/2018  1:49:28 PM     1 A 12/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
206257440           Credit Fix and Flip General Insufficient funds for Reserves.   File did not include verification of x months of reserves; additionally, borrower does not qualify for the reserve waiver feature (no mortgage history in the last x years).   Reviewer Comment (2019-03-01): Final CD provided for use of funds for reserves.


Buyer Comment (2019-03-01): See attached, borrower netted $xxx,xxx.xx


Reviewer Comment (2019-03-01): Provide final CD or HUD-x for subject property for use of reserves.


Buyer Comment (2019-03-01): Please refer to the guidelines for the SP Ix series loans.  Proceeds can be used towards reserves/  Borrower is netting over $xxxk as the hose is free and clear.
 1/XX/2019  12:07:08 PM     1 A 12/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
206257440           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy.   File did not include verification of x months of reserves; additionally, borrower does not qualify for the reserve waiver feature (no mortgage history in the last x years).   Reviewer Comment (2019-03-01): Final CD provided for use of funds for reserves.


Buyer Comment (2019-03-01): Please see attached CD and the title endorsement showing loan amount of $xxx,xxx


Reviewer Comment (2019-03-01): Provide final CD or HUD-x for subject property for use of reserves.


Buyer Comment (2019-03-01): Please refer to the guidelines for the SP Ix series loans.  Proceeds can be used towards reserves/  Borrower is netting over $xxxk as the hose is free and clear.
 1/XX/2019  12:07:19 PM     1 A 12/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
206257442           Credit Legal / Regulatory / Compliance Title / Lien Defect Title Policy Coverage is less than Original Loan Amount.   Loan amount on commitment is [Redacted]   Reviewer Comment (2019-03-01): Updated Title Commitment provided.


Buyer Comment (2019-03-01): Updated Title
 12/XX/2018  10:19:35 AM     1 A 12/XX/2018 LA Investment Refinance - Cash-out - Other   C B C B     A A     No
206257442           Credit Property - Appraisal General Appraisal Requirements Subject is a refinance and property is listed for sale. Valuation Type: Appraisal / Valuation Report Date: [Redacted]     Reviewer Comment (2019-03-01): Per guidelines if a Prepay for x or x years is charged then the restriction is waived. Loan included a PPP for x years.


Reviewer Comment (2019-03-01): Incorrectly waived.


Reviewer Comment (2019-03-01): Per guidelines, if the Loan includes a x year or x year prepayment penalty, then this restriction against properties recently listed is waived.


Buyer Comment (2019-03-01): Please see xx/xx guidelines page xxx section xx.x *if the Loan includes a x year or x year prepayment penalty, then this restriction against properties recently listed is waived*
 1/XX/2019  5:04:48 PM     1 A 12/XX/2018 LA Investment Refinance - Cash-out - Other   C B C B     A A     No
206257442           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Lender exception Borrower has only 1x30 late payment on an installment loan (which was disputed) in 1/XX/16 on entire credit report - credit history goes back to earliest account inception date of 7/1993. No public Records and prefect Mortgage History

Borrower has been self-employed as XXX for the past 10 years

37 months of reserves , 34 months > program requirement of 3 months		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  10:41:47 AM 2 B 12/XX/2018 LA Investment Refinance - Cash-out - Other   C B C B     A A     No
206257443           Credit Loan Package Documentation Application / Processing Missing Document: Fraud Report not provided       Reviewer Comment (2019-03-01): Seller provided the fraud report dated x/xx/xxxx.
 9/XX/2018  8:45:12 AM     1 A 8/XX/2018 NC Second Home Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
206257443           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) The Final CD  does not reflect the correct monthly escrow payment.  The Final CD reflects a monthly escrow payment of [Redacted].  The actual monthly Escrow amount is [Redacted] based on the documentation in the file (the annual HOI expense is $[Redacted]/yr or [Redacted]/mo; taxes are [Redacted]/yr and [Redacted]/mo).   Reviewer Comment (2019-03-01): (Redacted) received letter of explanation and corrected closing disclosure.


Reviewer Comment (2019-03-01): Letter of Explanation was not provided.


Reviewer Comment (2019-03-01): Corrected Post Closing CD received  still need Letter of Explanation to borrower to cure.


Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure required to cure.


Buyer Comment (2019-03-01): Do you require a PC CD, LOE, and shipping label to cure?
   9/XX/2018  2:32:30 PM   2 B 8/XX/2018 NC Second Home Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257443           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. Missing e-sign consent documentation.   Reviewer Comment (2019-03-01): (Redacted) received e-sign consent.
 9/XX/2018  8:49:43 PM     1 A 8/XX/2018 NC Second Home Refinance - Rate/Term No Defined Cure C B C A C B A A Non QM Non QM No
206257443           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/550285) Insurance premium = [Redacted] annually, [Redacted] monthly. CD disclosed [Redacted] monthly   Reviewer Comment (2019-03-01): (Redacted) received corrected CD, letter of explanation, proof of shipment.  Rescission was not required as CD reflected figures from IEADS,


Reviewer Comment (2019-03-01): Letter of explanation, corrected CD, and proof of delivery are required to cure.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): Corrected CD has been received.  Still needed to cure are the following:  Letter of Explanation, Proof of Delivery and Re-open Rescission


Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission required to cure.
   9/XX/2018  2:38:24 PM   2 B 8/XX/2018 NC Second Home Refinance - Rate/Term TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206257443           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/550286) Insurance premium = [Redacted] annually, [Redacted] monthly. CD disclosed [Redacted] monthly   Reviewer Comment (2019-03-01): (Redacted) received corrected CD, letter of explanation, proof of shipment.  Rescission was not required as CD reflected figures from IEADS,


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): Rescission is not required as escrow payments on final CD were based on IEADS.  Letter of explanation, corrected CD, and proof of delivery are required to cure.


Buyer Comment (2019-03-01): There would be no rescission on this loan, it's a NO, please confirm


Reviewer Comment (2019-03-01): Corrected CD has been received.  Still needed to cure are the following:  Letter of Explanation, Proof of Delivery and Re-open Rescission


Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission required to cure.
   9/XX/2018  2:39:07 PM   2 B 8/XX/2018 NC Second Home Refinance - Rate/Term TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206257443           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/550287) Insurance premium = [Redacted] annually, [Redacted] monthly. CD disclosed [Redacted] monthly   Reviewer Comment (2019-03-01): (Redacted) received corrected CD, letter of explanation, proof of shipment.  Rescission was not required as CD reflected figures from IEADS,


Reviewer Comment (2019-03-01): Letter of explanation, corrected CD, and proof of delivery are required to cure.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): Corrected CD has been received.  Still needed to cure are the following:  Letter of Explanation, Proof of Delivery and Re-open Rescission


Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission required to cure.
   9/XX/2018  2:39:37 PM   2 B 8/XX/2018 NC Second Home Refinance - Rate/Term TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206257443           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/550288) Insurance premium = [Redacted] annually, [Redacted] monthly. CD disclosed [Redacted] monthly   Reviewer Comment (2019-03-01): (Redacted) received corrected CD, letter of explanation, proof of shipment.  Rescission was not required as CD reflected figures from IEADS,


Reviewer Comment (2019-03-01): Letter of explanation, corrected CD, and proof of delivery are required to cure.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): Corrected CD has been received.  Still needed to cure are the following:  Letter of Explanation, Proof of Delivery and Re-open Rescission


Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission required to cure.
   9/XX/2018  2:40:05 PM   2 B 8/XX/2018 NC Second Home Refinance - Rate/Term TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206257443           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/550285) Insurance premium = [Redacted] annually, [Redacted] monthly. CD disclosed [Redacted] monthly   Reviewer Comment (2019-03-01): (Redacted) received corrected CD, letter of explanation, proof of shipment.  Rescission was not required as CD reflected figures from IEADS,


Reviewer Comment (2019-03-01): Letter of explanation, corrected CD, and proof of delivery are required to cure.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): Corrected CD has been received.  Still needed to cure are the following:  Letter of Explanation, Proof of Delivery and Re-open Rescission


Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission required to cure.
   9/XX/2018  2:40:26 PM   2 B 8/XX/2018 NC Second Home Refinance - Rate/Term TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206257443           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Closing Costs Financed TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed Closing Costs Financed that does not match actual amount of closing costs financed. (Final/[Redacted]) The Closing Costs Financed field is blank.   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure required to cure.  (Redacted) received the Post Closing CD dated xx/xx/xxxx. Page x of the CD in the Calculating Cash to Close Section "Closing Cost Financed" does not have a dollar amount listed.


Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure required to cure.
     9/XX/2018  5:00:15 PM 2 B 8/XX/2018 NC Second Home Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257443           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a sufficient tolerance cure for the increases to the Appraisal Fee, Appraisal Desk Review Fee and the Recording Fees.   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): (Redacted) received copy of check, letter of explanation, and proof of shipment.  Missing updated CD that reflects cure of $xxx.xx


Reviewer Comment (2019-03-01): (Redacted) received a copy of the check for $xxx.xx.  Missing updated CD, letter of explanation, and proof of delivery.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure
     9/XX/2018  2:45:59 PM 2 B 8/XX/2018 NC Second Home Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257443           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial  CD was provided on [Redacted] with no evidence of early receipt; the borrowers signed on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received CD signed on x/xx/xx.
 9/XX/2018  8:49:43 PM     1 A 8/XX/2018 NC Second Home Refinance - Rate/Term No Defined Cure C B C A C B A A Non QM Non QM No
206257443           Compliance Compliance Federal Compliance 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 $xx.xx plus 10% or $xx.xx.  Insufficient or no cure was provided to the borrower. (0) The CD issued on [Redacted] increased the Recording Fees without a valid change of circumstance.   Reviewer Comment (2019-03-01): Remediation package provided to consumer and is acceptable to cure.


Reviewer Comment (2019-03-01): (Redacted) received copy of check, letter of explanation, and proof of shipment.  Missing updated CD that reflects cure of $xxx.xx


Reviewer Comment (2019-03-01): (Redacted) received a copy of the check for $xxx.xx.  Missing updated CD, letter of explanation, and proof of delivery.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): $xxx.xx has already been given to the borrower for increasing closing cost per the Final CD.   Total violations included $xx.xx for recording fee, $xxx for Appraisal Desk Review, and $xxx for Appraisal Fee.  $xxx.xx (total) - $xxx.xx (already provided) = $xxx Still needed to cure (Appears to be for the Desk Review for $xxx).


Reviewer Comment (2019-03-01): Total refund due for all open tolerance exceptions x% and xx% is $xxx.xx (xx% tolerance %xx.xx, appraisal desk review $xxx.xx and appraisal $xxx.xx)


Buyer Comment (2019-03-01): Could you please advise on total amount of cure required for all violations?
   9/XX/2018  4:21:58 PM   2 B 8/XX/2018 NC Second Home 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
206257443           Compliance Compliance Federal Compliance 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 $0.00.  Insufficient or no cure was provided to the borrower. (7505) The CD issued on [Redacted] added the Appraisal Desk Review Fee of [Redacted] without a valid change of circumstance.   Reviewer Comment (2019-03-01): Remediation package provided to consumer and is acceptable to cure.


Reviewer Comment (2019-03-01): (Redacted) received copy of check, letter of explanation, and proof of shipment.  Missing updated CD that reflects cure of $xxx.xx


Reviewer Comment (2019-03-01): (Redacted) received a copy of the check for $xxx.xx.  Missing updated CD, letter of explanation, and proof of delivery.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): $xxx.xx has already been given to the borrower for increasing closing cost per the Final CD.   Total violations included $xx.xx for recording fee, $xxx for Appraisal Desk Review, and $xxx for Appraisal Fee.  $xxx.xx (total) - $xxx.xx (already provided) = $xxx Still needed to cure (Appears to be for the Desk Review for $xxx).
   9/XX/2018  4:22:24 PM   2 B 8/XX/2018 NC Second Home 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
206257443           Compliance Compliance Federal Compliance 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 CD issued on [Redacted] increased the Appraisal Fee without a valid change of circumstance.   Reviewer Comment (2019-03-01): Remediation package provided to consumer and is acceptable to cure.


Reviewer Comment (2019-03-01): (Redacted) received copy of check, letter of explanation, and proof of shipment.  Missing updated CD that reflects cure of $xxx.xx


Reviewer Comment (2019-03-01): (Redacted) received a copy of the check for $xxx.xx.  Missing updated CD, letter of explanation, and proof of delivery.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): $xxx.xx has already been given to the borrower for increasing closing cost per the Final CD.   Total violations included $xx.xx for recording fee, $xxx for Appraisal Desk Review, and $xxx for Appraisal Fee.  $xxx.xx (total) - $xxx.xx (already provided) = $xxx Still needed to cure (Appears to be for the Desk Review for $xxx).
   9/XX/2018  4:22:48 PM   2 B 8/XX/2018 NC Second Home 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
206257443           Credit Loan Package Documentation Application / Processing Missing Document: Other not provided   Borrower ATR Attestation required per loan approval.  Document not provided.   Reviewer Comment (2019-03-01): the ATR attestation is not required per guidelines on the SPAx loan product.
 9/XX/2018  11:23:43 AM     1 A 8/XX/2018 NC Second Home Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
206257443           Credit Credit Miscellaneous Credit Exception:   The Initial Escrow Account Statement does not reflect the correct monthly escrow payment.  Based on the documentation in the file, the annual HOI expense is $[Redacted]/yr or [Redacted]/mo; taxes are [Redacted]/yr and [Redacted]/mo for a monthly Escrow amount of [Redacted].  The Initial Escrow Statement reflects a monthly escrow payment of [Redacted].   Reviewer Comment (2019-03-01): Seller supplied a revised IEAD as xxxx.xx for hazard annually.


Buyer Comment (2019-03-01): Please see upload
 9/XX/2018  8:51:35 AM     1 A 8/XX/2018 NC Second Home Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
206257443           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Fee Terminology TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on [Redacted] did not use the same fee terminology as the Loan Estimate. (Final/[Redacted]) The Initial LE disclosed an Appraisal Fee of $[Redacted] and a Compliance Inspection fee of $[Redacted].  The Final CD appears to have combined the fees as "Appraisal Fee", which results in a tolerance violation for the increase in the Appraisal Fee.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  5:05:22 PM 2 B 8/XX/2018 NC Second Home Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257444           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage verified per HOI; replacement cost not provided.   Reviewer Comment (2019-03-01): Replacement cost estimator provided.


Buyer Comment (2019-03-01): Please see REPLACEMENT COST ESTIMATOR


Reviewer Comment (2019-03-01): Unable to use other structures coverage for additional dwelling coverage. Condition remains.


Buyer Comment (2019-03-01): Please see HOI EFFECTIVE DATE SUPPLEMENT reflects Dwelling coverage and Other Structures totaling $xxx,xxx; xx% of appraised value is only $xxx,xxx


Reviewer Comment (2019-03-01): Pending


Buyer Comment (2019-03-01): Disregard prior comment - was added to the wrong exception


Buyer Comment (2019-03-01): Please see Ix RESERVE GUIDELINES reflecting x months additional PITI totalling $x,xxx.x for the additional investment property is required - xxx.xx x x = $xxxx.x additional required reserves
 1/XX/2019  9:26:32 AM     1 A 12/XX/2018 FL Investment Purchase   C A C A     A A     No
206257444           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Note Date.   Dates verified per HOI; Settlement statement indicates a disbursement date of [Redacted], prior to beginning of coverage.   Reviewer Comment (2019-03-01): Received updated effective date on policy. Cleared.


Buyer Comment (2019-03-01): Please see HOI EFFECTIVE DATE SUPPLEMENT reflecting effective date of coverage is (Redacted)


Reviewer Comment (2019-03-01): Pending
 1/XX/2019  1:46:30 PM     1 A 12/XX/2018 FL Investment Purchase   C A C A     A A     No
206257444           Credit Credit Miscellaneous Credit Exception:   Final [Redacted] indicates that the borrower owns another property (x Ash St) however, no details were provided - unable to confirm that documented Reserves are sufficient to meet the requirement of x% of UPB + x months PITI on subject.   Reviewer Comment (2019-03-01): Agree with lender


Buyer Comment (2019-03-01): Please see Ix RESERVE GUIDELINES reflecting an addition x months reserves  ($x,xxx.xx )is required for the investment property - no longer based on x% of mortgages in prior guidelines
 12/XX/2018  11:25:55 AM     1 A 12/XX/2018 FL Investment Purchase   C A C A     A A     No
206257445           Credit Credit Credit Documentation There is no lease in place for the subject property and the absence of this document casts doubt on business purpose of loan.   Room Rent Agreements in file for all bedrooms in subject as well as the living room, dining room and family room.  Agreements are week to week therefore indicated as no current lease agreement.   Reviewer Comment (2019-03-01): Loan meets business purpose per guides for section xx.x business purpose/investment loans


Buyer Comment (2019-03-01): See attached Vacancy rider
 12/XX/2018  1:18:19 PM     1 A 12/XX/2018 GA Investment Refinance - Rate/Term   C B C B     A A     No
206257445           Credit Credit Miscellaneous Credit Exception:   Vesting on title commitment ([Redacted]) does not match the vesting on deed (XXX, [Redacted]) recorded at closing.   Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): Please remove this exception. This is not the final title policy.  This is a preliminary title.  Title company drew up Title evidencing XXX, XXX.  evidenceing that they have the correct business name
 12/XX/2018  1:26:01 PM     1 A 12/XX/2018 GA Investment Refinance - Rate/Term   C B C B     A A     No
206257445           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Lender approved Experience Investor

Borrower has 10 open mortgages reporting no late since inception earliest date 8/2003. No late payment on credit report since inception with earliest open date of 3/2000. Borrower paying off a high interest only loan. No public records

DSC is 102%, 2% > program requirement of 100%

Credit Score is 723, 3 points > program requirement of 720		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  1:33:37 PM 2 B 12/XX/2018 GA Investment Refinance - Rate/Term   C B C B     A A     No
206257447           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Reviewer Comment (2019-03-01): Seller provided the initial xxxx signed and dated  on x/xx/xxxx
 9/XX/2018  5:01:47 PM     1 A 8/XX/2018 TX Primary Purchase   C B A A C B A A Non QM Non QM No
206257447           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. File contains no loan estimates   Reviewer Comment (2019-03-01): LE's Provided.
 9/XX/2018  2:59:50 PM     1 A 8/XX/2018 TX Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257447           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total [Redacted], while closing CD seller's fees total [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive.
     9/XX/2018  11:29:58 AM 2 A 8/XX/2018 TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257447           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.92020% or Final Disclosure APR of 6.94700% is in excess of allowable threshold of APOR 4.58% + 1.5%, or 6.08000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  8:56:38 AM 1 A 8/XX/2018 TX Primary Purchase   C B A A C B A A Non QM Non QM No
206257447           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  11:30:17 AM 2 B 8/XX/2018 TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257447           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Courier / Express Mail / Messenger Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Title - Courier / Express Mail / Messenger Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower.   Reviewer Comment (2019-03-01): Paid to borrower's chosen provider.  Shop-able fee.


Buyer Comment (2019-03-01): Memo uploaded from Lender.  Title-Courier Fee of $xx.xx is a fee the borrower can shop for / did shop for and has "No tolerance limit".  This fee falls under the "Borrower (REDACTED) Shop For" bucket // Title Services & Lenders title policy.  Please clear.
 9/XX/2018  2:59:50 PM     1 A 8/XX/2018 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
206257448           Credit Credit Miscellaneous Credit Exception:   Lender Approved Exception - Borrower experienced a short sale [Redacted].x months ago ([Redacted]) vs program requirement that [Redacted] months have elapsed. Borrower has 3 closed mortgage loans all rated paid as agreed

Borrower was not on the loan but in title to the property with the short sale

DSC is 112.399%, 12.399% > program requirement of 100%

Credit Score is 691, 11 points > program requirement of 680		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this requirement based on validated compensating factors.
     12/XX/2018  5:37:54 PM 2 B 12/XX/2018 FL Investment Purchase   C B C B     A A     No
206257448           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard coverage has a shortfall of $[Redacted]; coverage of [Redacted] is not sufficient to address cost to rebuild of [Redacted].   Reviewer Comment (2019-03-01): Received replacement cost estimator. Cleared.


Buyer Comment (2019-03-01): Please see REPLACEMENT COST
 12/XX/2018  10:13:16 AM     1 A 12/XX/2018 FL Investment Purchase   C B C B     A A     No
206257449           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Minimum Loan Amount discrepancy. Note loan amount of ___ is less than Guideline minimum loan amount of ___. The loan file does not contain a signed, dated lender approved exception for the loan amount of [Redacted] which is less than the guidelines minimum loan amount requirement of [Redacted] 12 months reserves > 3 months guideline minimum

760 representative FICO score > 640 guideline minimum - 120 points above guideline minimum

LTV is 73.803%, 6.197% < program max of 80%		 Reviewer Comment (2019-03-01): Loan amount of $xx,xxx vs program minimum of $xx,xxx.xx
     12/XX/2018  10:33:54 AM 2 B 12/XX/2018 AL Investment Purchase   D B D B     A A     No
206257449           Credit Loan Package Documentation Application / Processing Missing Document: Lender Exception(s) not provided   Lender Exception document located in file however not executed by the appropriate parties. 760 representative FICO score > 640 guideline minimum - 120 points above guideline minimum

LTV is 73.803%, 6.197% < program max of 80%		 Reviewer Comment (2019-03-01): Loan amount of $xx,xxx vs program minimum of $xx,xxx.xx
     12/XX/2018  10:33:15 AM 2 B 12/XX/2018 AL Investment Purchase   D B D B     A A     No
206257449           Credit Loan Package Documentation Application / Processing Missing Document: Guarantor Agreement not provided   Guarantor agreements were not provided in the file.   Reviewer Comment (2019-03-01): Guarantor Agreements provided.


Buyer Comment (2019-03-01): Guarantor Agreements uploaded
 12/XX/2018  9:33:04 AM     1 A 12/XX/2018 AL Investment Purchase   D B D B     A A     No
206257450           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy.       Reviewer Comment (2019-03-01): Per x/xx/xxxx CBR lowest mid FICO is xxx.


Buyer Comment (2019-03-01): xxx Lowest Mid FICO - please clear
 9/XX/2018  5:47:42 PM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257450           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. The loan amount of [Redacted] exceeds the maximum loan amount requirement of [Redacted].  Lender exception Guideline variance approved by lender at time of origination.  Both borrowers have been self-employed Co-Owners of XXX for the past 3 years.

Guideline variance approved by lender at time of origination.Borrowers have a perfect mortgage history going back a full 55 months.

20.51 months of reserves , 17.51 months > program requirement of 3 months.

Guideline variance approved by lender at time of origination.  DTI is 28.615%, 21.38% < program maximum of 50%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  12:54:36 PM 2 B 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257450           Compliance Compliance Federal Compliance RESPA -  Initial Escrow Account statement Inaccurate RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. Initial escrow disclosure reflects an initial payment of [Redacted], final disclosure reflects [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive.
     9/XX/2018  2:15:03 PM 2 B 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM Yes
206257450           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. File contains evidence that the borrower received electronic disclosures, missing documentation of consent   Buyer Comment (2019-03-01): (Redacted) has elected to waive.
     9/XX/2018  10:35:29 AM 2 B 8/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206257450           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Closing Costs Financed TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed Closing Costs Financed that does not match actual amount of closing costs financed. (Final/[Redacted]) The Calculating Cash to Close section of the Final CD did not indicate the amount of closing costs financed.   Buyer Comment (2019-03-01): (Redacted) has elected to waive.
     9/XX/2018  10:35:14 AM 2 B 8/XX/2018 NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257450           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. Disclosure date [Redacted] > application date plus x days [Redacted].   Reviewer Comment (2019-03-01): Seller provided the ARM disclosure dated x/x/xxxx.
 9/XX/2018  4:50:13 PM     1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206257450           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.45500% or Final Disclosure APR of 7.46700% is in excess of allowable threshold of APOR 4.71% + 1.5%, or 6.21000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  12:46:29 PM 1 A 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257450           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive.
     9/XX/2018  10:35:05 AM 2 B 8/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257452           Credit Credit Miscellaneous Credit Exception:   Please provided the updated DSCR worksheet for the final loan amount of [Redacted].   Reviewer Comment (2019-03-01): Final DSC Calculator provided.


Buyer Comment (2019-03-01): Final DSC Calculator uploaded.
 12/XX/2018  9:37:05 AM     1 A 12/XX/2018 NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
206257454           Credit Credit Miscellaneous Credit Exception:   HUD in file is not fully executed.   Reviewer Comment (2019-03-01): Closing statement provided.


Buyer Comment (2019-03-01): Please see the email form Unisource which states they do not generate HUD-x's, they only generate the Settlement Statement or a CD . This is an I series loan so a CD is not used.
 1/XX/2019  1:43:35 PM     1 A 12/XX/2018 SC Investment Refinance - Cash-out - Other   C A C A     A A     No
206257455           Credit Missing Document General Incomplete Document: Note - Subject Lien is incomplete   Missing pages [Redacted]of x of Note.   Reviewer Comment (2019-03-01): Seller provided pages x and x of the note signed.


Reviewer Comment (2019-03-01): Seller provided pages  and and x out of x-x. Exception remains
 9/XX/2018  9:00:39 AM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Credit Credit Credit Documentation Missing Document: Credit Report not provided       Reviewer Comment (2019-03-01): Seller provided the credit reports dated x/xx/xxxx
 9/XX/2018  3:42:00 PM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Credit Loan Package Documentation Application / Processing Missing Document: Fraud Report not provided       Reviewer Comment (2019-03-01): Seller provided the fraud report dated (Redacted).
 9/XX/2018  3:14:08 PM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Credit Missing Document General Missing Document: Desk Review not provided       Reviewer Comment (2019-03-01): Seller provided the desk review dated x/xx/xxxx
 9/XX/2018  3:27:24 PM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy.   File is missing all bank statements   Reviewer Comment (2019-03-01): Seller provided assets from accounts xxxx and xxxx for xxx,xxx.xx and xx,xxx.xx
 9/XX/2018  9:39:09 AM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.       Buyer Comment (2019-03-01): Please complete


Buyer Comment (2019-03-01): Please change to Complete


Reviewer Comment (2019-03-01): Exception cleared EVx


Buyer Comment (2019-03-01): Is this cleared?


Buyer Comment (2019-03-01): Please waive, property was inspected after disaster date.


Reviewer Comment (2019-03-01): Seller provided the appraisal report dated x/xx/xxxx
 9/XX/2018  3:27:04 PM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. All income documentation missing. UTD the DTI   Reviewer Comment (2019-03-01): All remaining outstanding income docs were provided for review.


Buyer Comment (2019-03-01): REO Documents


Reviewer Comment (2019-03-01): No new information provided.


Reviewer Comment (2019-03-01): Verified pmnt being made for xxx W (REDACTED) directly to lender, however statement provided for (REDACTED) only shows P&I. Still need taxes and ins. xx (REDACTED) missing verification of PITI. xxx (REDACTED) blvd missing verifiaction of PITI and need complete lease agreement, only x pages were provided.


Buyer Comment (2019-03-01): Res. Lease_Month-to-Month Rental Agmt - x_xx starts (REDACTED) xx…also the mtg for that property was opened x/xx per credit supplement in file labeled (REDACTED).

Also there is the checking statement for Tenant, In the (REDACTED) showing (REDACTED) xx payment made right out of the company's bank account and attached to that is a printout from the bank itself showing the Aug xx payment made in two payments of principal and interest labeled Two months rent receipt.  

There is also something labeled (REDACTED) Mortgage Statement, which confirms the loan number of the mtg to be paid and the payment amount.

Finally on the xth page of the document lableled Res. Lease_Month-to-Month Rental Agmt - x_xx, number xx states "Tenant can pay rent directly to lender


Reviewer Comment (2019-03-01): No new information has been provided.


Reviewer Comment (2019-03-01): Reviewed bank statements provided for lease payments for xxx W (REDACTED), no withdrawals or checks paid out match lease payment paid directly to lender. Cancelled checks not provided to match with "In the (REDACTED)", for payment. Exception remains.


Reviewer Comment (2019-03-01): No new information was received.


Reviewer Comment (2019-03-01): Reviewed lease and lease specifically states payments are to be paid to the borrower. In addition, as stated on the xxxx, there was also to be a transaction history in the file showing the consistent payment made by In The Canyon, Inc., the tenant. This was not located. Exception remains.


Buyer Comment (2019-03-01): It states on the lease that tenant is paying directly to MTG. lender, please clear.


Reviewer Comment (2019-03-01): Received lease for xxx W (REDACTED), however proof Tenant is paying the mortgage company directly was not provided/located in the file. All Bank statements for business were reviewed; however payments of $xx,xxx.xx for the mortgage going out were not located. Exception remains.


Buyer Comment (2019-03-01): So on my xxxx-Underwritng Transmittal it states the following:

**Rent from Inv prop located at xxx W (REDACTED) paid directly to mtg lender per lease and transaction history in file**

Under REO documents there is the documentation mentioned above and the lease agreements for xxx W (REDACTED) and xxx (REDACTED) Blvd.


Reviewer Comment (2019-03-01): No new information has ben provided.


Reviewer Comment (2019-03-01): Leases need to be provided for xxx W (REDACTED) and xxx (REDACTED) Blvd to include in rental income calculation. Exception remains.


Buyer Comment (2019-03-01): I have neg reo as -x,xxx

And they have neg reo as -$xx,xxx…

Have them calculate the rental income for the two below properties I listed below as per page x of my xxxx and I think we should be good


Reviewer Comment (2019-03-01): DTI xx.xxxxx% utilizing the xx,xxx.xx monthly income -Primary P&I xxxx, HOI xxx, xxxx.xx, Primary rental xxx.xx, subject PITIA xxxx.xx, Negative REO xx,xxx.xx, credit debt xxxx.xx.


Buyer Comment (2019-03-01): Please see upload


Buyer Comment (2019-03-01): we only usedXXXaccount #xxxx to qualify…also there is a letter in the file from the borrower's CPA stating that the borrower's expense ratios for xxxx were xx% and xxxx xx%...

So when we have such letters verifying the expense ratios for the business we are using to qualify, we can exceed the xx% profit margin per guides.  In this case we used an average of xx% expense  ratio, based on the CPA letter and which allowed us to use a profit margin of xx% (which is what the Final income calculator was based on) vs xx% per guides.  No exception is needed for this.


Reviewer Comment (2019-03-01): DTI xx.xxxxx% > xx% maximum. Utilizing bank statement income from accounts xxxx and xxxx at xx% profit margin per SPAx business statement analysis guides page xx. Appears lender based analysis on xxx%


Buyer Comment (2019-03-01): Please see bank statements uploaded
 10/XX/2018  11:54:24 AM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy.   All income documentation missing. UTD the DTI   Reviewer Comment (2019-03-01): All remaining outstanding income docs were provided for review.


Buyer Comment (2019-03-01): See upload


Reviewer Comment (2019-03-01): No new information provided.


Reviewer Comment (2019-03-01): No new information has been provided.


Reviewer Comment (2019-03-01): Reviewed bank statements provided for lease payments for xxx W (REDACTED), no withdrawals or checks paid out match lease payment paid directly to lender. Cancelled checks not provided to match with "In the (REDACTED)", for payment. Exception remains.


Reviewer Comment (2019-03-01): No new information received.


Reviewer Comment (2019-03-01): Received lease for xxx W (REDACTED), however proof Tenant is paying the mortgage company directly was not provided/located in the file. All Bank statements for business were reviewed; however payments of $xx,xxx.xx for the mortgage going out were not located. Exception remains.


Reviewer Comment (2019-03-01): No new information has ben provided.


Reviewer Comment (2019-03-01): Leases need to be provided for xxx W (REDACTED) and xxx (REDACTED) Blvd to include in rental income calculation. Exception remains.


Buyer Comment (2019-03-01): I have neg reo as -x,xxx

And they have neg reo as -$xx,xxx…

Have them calculate the rental income for the two below properties I listed below as per page x of my xxxx and I think we should be good


Reviewer Comment (2019-03-01): DTI xx.xxxxx% utilizing the xx,xxx.xx monthly income -Primary P&I xxxx, HOI xxx, xxxx.xx, Primary rental xxx.xx, subject PITIA xxxx.xx, Negative REO xx,xxx.xx, credit debt xxxx.xx.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): DTI xx.xxxxx% > xx% maximum. Utilizing bank statement income from accounts xxxx and xxxx at xx% profit margin per SPAx business statement analysis guides page xx. Appears lender based analysis on xxx%


Buyer Comment (2019-03-01): Please see bank statements uploaded
 10/XX/2018  11:54:15 AM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Credit Credit AUS Discrepancy / Guidelines Discrepancy AUS Findings: All conditions were not met   Income and asset documentation missing, appraisal missing, desk review missing, credit report missing   Reviewer Comment (2019-03-01): Seller provided income, asset, appraisal and credit reports.


Buyer Comment (2019-03-01): Please see  uploads
 9/XX/2018  9:40:55 AM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Credit Assets Asset Calculation / Analysis Available for Closing is insufficient to cover Cash From Borrower.   Asset documentation is missing   Reviewer Comment (2019-03-01): Seller provided assets from accounts xxxx and xxxx for xxx,xxx.xx and xx,xxx.xx


Buyer Comment (2019-03-01): Please see bank statements uploaded
 9/XX/2018  9:39:20 AM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Credit Loan Package Documentation Application / Processing Missing Valuation: Valuation Type: Desk Review / Valuation Report Date: <empty>     Reviewer Comment (2019-03-01): Seller provided the desk review dated x/xx/xxxx
 9/XX/2018  3:27:50 PM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Credit Credit Credit Documentation No evidence of fraud report in file Credit Report: Original // Borrower: Borrower: [Redacted]     Reviewer Comment (2019-03-01): Seller provided the credit report dated x/xx/xxxx and fraud report dated (Redacted)


Buyer Comment (2019-03-01): Please see upload
 9/XX/2018  3:43:17 PM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Credit Credit Credit Documentation No evidence of fraud report in file Credit Report: Original // Borrower: Borrower: [Redacted]     Reviewer Comment (2019-03-01): Seller provided the credit report dated x/xx/xxxx and fraud report dated (Redacted)


Buyer Comment (2019-03-01): Please see upload
 9/XX/2018  3:43:24 PM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Compliance Compliance Federal Compliance Income Data was not provided Income Source and Qualifying Monthly Income Amount are required. ([Redacted])     Reviewer Comment (2019-03-01): Seller provided income - xx months bank statement fromXXXxxxx andXXXxxxx and income analysis.


Buyer Comment (2019-03-01): Please see bank statements uploaded
 9/XX/2018  9:42:00 AM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Compliance Compliance Federal Compliance 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. Income documentation missing   Reviewer Comment (2019-03-01): All remaining outstanding income docs were provided for review.


Reviewer Comment (2019-03-01): No new information provided.


Reviewer Comment (2019-03-01): Reviewed bank statements provided for lease payments for xxx W (REDACTED), no withdrawals or checks paid out match lease payment paid directly to lender. Cancelled checks not provided to match with "In the (REDACTED)", for payment. Exception remains.


Reviewer Comment (2019-03-01): No new information received.


Reviewer Comment (2019-03-01): Received lease for xxx W (REDACTED), however proof Tenant is paying the mortgage company directly was not provided/located in the file. All Bank statements for business were reviewed; however payments of $xx,xxx.xx for the mortgage going out were not located. Exception remains.


Reviewer Comment (2019-03-01): No new information has been provided.


Reviewer Comment (2019-03-01): Leases need to be provided for xxx W (REDACTED) and xxx (REDACTED) Blvd to include in rental income calculation. Exception remains.


Buyer Comment (2019-03-01): I have neg reo as -x,xxx

And they have neg reo as -$xx,xxx…

Have them calculate the rental income for the two below properties I listed below as per page x of my xxxx and I think we should be good


Reviewer Comment (2019-03-01): DTI xx.xxxxx% utilizing the xx,xxx.xx monthly income -Primary P&I xxxx, HOI xxx, xxxx.xx, Primary rental xxx.xx, subject PITIA xxxx.xx, Negative REO xx,xxx.xx, credit debt xxxx.xx.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): DTI xx.xxxxx% > xx% maximum. Utilizing bank statement income from accounts xxxx and xxxx at xx% profit margin per SPAx business statement analysis guides page xx. Appears lender based analysis on xxx%


Buyer Comment (2019-03-01): Please see bank statements uploaded
 10/XX/2018  11:56:19 AM     1 A 8/XX/2018 CA Second Home Purchase Lender to provide updated ATR/QM status D A D A C A A A Non QM Non QM Yes
206257455           Compliance Compliance Federal Compliance 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. ([Redacted]) Income documentation missing   Reviewer Comment (2019-03-01): Verified information as reflect in CPA letter. Exception cleared.


Reviewer Comment (2019-03-01): No new information has been provided.


Buyer Comment (2019-03-01): Please see upload


Buyer Comment (2019-03-01): we only usedXXXaccount #xxxx to qualify…also there is a letter in the file from the borrower's CPA stating that the borrower's expense ratios for xxxx were xx% and xxxx xx%...

So when we have such letters verifying the expense ratios for the business we are using to qualify, we can exceed the xx% profit margin per guides.  In this case we used an average of xx% expense  ratio, based on the CPA letter and which allowed us to use a profit margin of xx% (which is what the Final income calculator was based on) vs xx% per guides.  No exception is needed for this.


Reviewer Comment (2019-03-01): Escalated


Buyer Comment (2019-03-01): Please see bank statements uploaded
 10/XX/2018  9:50:27 AM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - Bank Statements Ability to Repay (Dodd-Frank 2014): Unable to verify Bank Statement income using reasonably reliable third-party records. ([Redacted]) Income documentation missing   Reviewer Comment (2019-03-01): Seller provided xx months business bank statements for income


Buyer Comment (2019-03-01): Please see bank statements uploaded
 9/XX/2018  9:48:24 AM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - No Income Provided Ability to Repay (Dodd-Frank 2014): No income or assets converted to a monthly amount was provided to demonstrate ability to repay. Income documentation missing   Reviewer Comment (2019-03-01): Seller provided xx months business bank statements for income


Buyer Comment (2019-03-01): Please see bank statements uploaded
 9/XX/2018  9:48:24 AM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Compliance Compliance Federal Compliance 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 documentation missing   Reviewer Comment (2019-03-01): All remaining outstanding income docs were provided for review.


Reviewer Comment (2019-03-01): No new information provided.


Reviewer Comment (2019-03-01): Reviewed bank statements provided for lease payments for xxx W (REDACTED), no withdrawals or checks paid out match lease payment paid directly to lender. Cancelled checks not provided to match with "In the (REDACTED)", for payment. Exception remains.


Reviewer Comment (2019-03-01): No new information received.


Reviewer Comment (2019-03-01): Received lease for xxx W (REDACTED), however proof Tenant is paying the mortgage company directly was not provided/located in the file. All Bank statements for business were reviewed; however payments of $xx,xxx.xx for the mortgage going out were not located. Exception remains.


Reviewer Comment (2019-03-01): No new information has been provided.


Reviewer Comment (2019-03-01): Leases need to be provided for xxx W (REDACTED) and xxx (REDACTED) Blvd to include in rental income calculation. Exception remains.


Buyer Comment (2019-03-01): I have neg reo as -x,xxx

And they have neg reo as -$xx,xxx…

Have them calculate the rental income for the two below properties I listed below as per page x of my xxxx and I think we should be good


Reviewer Comment (2019-03-01): DTI xx.xxxxx% utilizing the xx,xxx.xx monthly income -Primary P&I xxxx, HOI xxx, xxxx.xx, Primary rental xxx.xx, subject PITIA xxxx.xx, Negative REO xx,xxx.xx, credit debt xxxx.xx.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): DTI xx.xxxxx% > xx% maximum. Utilizing bank statement income from accounts xxxx and xxxx at xx% profit margin per SPAx business statement analysis guides page xx. Appears lender based analysis on xxx%


Buyer Comment (2019-03-01): Please see bank statements uploaded
 10/XX/2018  11:56:46 AM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Compliance Compliance Federal Compliance NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Income documentation missing   Reviewer Comment (2019-03-01): Verified information as reflect in CPA letter. Exception cleared.


Reviewer Comment (2019-03-01): No new information has been provided.


Reviewer Comment (2019-03-01): Leases need to be provided for xxx W (REDACTED) and xxx (REDACTED) Blvd to include in rental income calculation. Exception remains.
 10/XX/2018  9:50:27 AM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Credit Property - Appraisal Appraisal Documentation Missing Document: Appraisal not provided   Missing appraisal report   Reviewer Comment (2019-03-01): Seller provided the appraisal dated x/xx/xxxx.
 9/XX/2018  3:44:06 PM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted]     Reviewer Comment (2019-03-01): Seller provided the bank statement from business within xx days of close for income verification.
 9/XX/2018  9:42:52 AM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Credit Credit Credit Documentation Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Missing rental verification for [Redacted]   Reviewer Comment (2019-03-01): Seller provided the VOR with a history of xxxxxxx
 9/XX/2018  1:29:04 PM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Compliance Compliance Federal Compliance 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. ([Redacted]) Missing third party verification   Reviewer Comment (2019-03-01): Verified information as reflect in CPA letter. Exception cleared.


Buyer Comment (2019-03-01): The CPA letter was uploaded on xx-xx please advise?


Reviewer Comment (2019-03-01): No new information has been provided.


Reviewer Comment (2019-03-01): Esclated


Buyer Comment (2019-03-01): we only usedXXXaccount #xxxx to qualify…also there is a letter in the file from the borrower's CPA stating that the borrower's expense ratios for xxxx were xx% and xxxx xx%...

So when we have such letters verifying the expense ratios for the business we are using to qualify, we can exceed the xx% profit margin per guides.  In this case we used an average of xx% expense  ratio, based on the CPA letter and which allowed us to use a profit margin of xx% (which is what the Final income calculator was based on) vs xx% per guides.  No exception is needed for this.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): Escalated
 10/XX/2018  9:50:27 AM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257455           Compliance Compliance Federal Compliance Check Restated Loan Designation Match - General Ability to Repay Ability to Repay (Dodd-Frank 2014): The initial Loan Designation provided did not match.  However, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM. All remaining outstanding income docs were provided for review.   Reviewer Comment (2019-03-01): All remaining outstanding income docs were provided for review.
 10/XX/2018  11:56:59 AM     1 A 8/XX/2018 CA Second Home Purchase   D A D A C A A A Non QM Non QM No
206257457           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard Insurance coverage of [Redacted] is less than the loan amount of [Redacted] and is less than [Redacted] of the Estimated Cost New of $[Redacted], by $[Redacted].   Reviewer Comment (2019-03-01): Agree with lender, each unit has $xxx,xxx.xx coverage.


Buyer Comment (2019-03-01): After review each unit has $xxxK coverage
 1/XX/2019  1:32:06 PM     1 A 12/XX/2018 GA Investment Refinance - Cash-out - Other   C B C B     A A     No
206257457           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. A valid Lender exception was provided in the loan file for the LTV variance of XX% versus a guideline maximum of 60% at a score of 634. Borrower shows no collection accounts and no public records.

Borroer has been self-employed for the past 2 years as a Realtor.

Reserves total 95 months ($140,000), 92 months greater than the program reuirement of 3 months.

DSC is 185.702%, 85.702% greater thant he program requirement of 100%.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this requirement based on validated compensating factors.
     1/XX/2019  3:48:20 PM 2 B 12/XX/2018 GA Investment Refinance - Cash-out - Other   C B C B     A A     No
206257457           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Combined loan to value discrepancy. Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. A valid Lender exception was provided in the loan file for the LTV variance of XX% versus a guideline maximum of 60% at a score of 634. Borrower shows no collection accounts and no public records.

Borroer has been self-employed for the past 2 years as a Realtor.

Reserves total 95 months ($140,000), 92 months greater than the program reuirement of 3 months.

DSC is 185.702%, 85.702% greater thant he program requirement of 100%.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this requirement based on validated compensating factors.
     1/XX/2019  3:48:00 PM 2 B 12/XX/2018 GA Investment Refinance - Cash-out - Other   C B C B     A A     No
206257458           Credit Document Error General Note terms reflect Interest Only.  Interest-Only Rider was not checked on the Security Instrument screen.  Correct data or set exception.   Please provide the IO rider.   Reviewer Comment (2019-03-01): Interest-Only terms reflected on the ARM rider.


Buyer Comment (2019-03-01): The IO disclosure was uploaded with the closed loan package.


Reviewer Comment (2019-03-01): I/O rider has it's own disclosure and also needs to be indicated on the mortgage. Exception remains.


Buyer Comment (2019-03-01): Uploaded adjustable rate rider which reflects Interest Only
 1/XX/2019  8:31:34 AM     1 A 12/XX/2018 AL Investment Purchase   C A C A     A A     No
206257459           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.97600% or Final Disclosure APR of 7.01200% is in excess of allowable threshold of APOR 4.75% + 1.5%, or 6.25000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  10:30:04 AM 1 A 9/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206257459           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  4:41:05 PM 2 B 9/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM Yes
206257459           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 6.97600% or Final Disclosure APR of 7.01200% is in excess of allowable threshold of APOR 4.75% + 1.5%, or 6.25000%.  Compliant Higher Priced Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  10:30:10 AM 1 A 9/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206257459           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) CD issue date[Redacted]8 > closing date less 6 days[Redacted] and CD received date [Redacted]> closing date less 3 days [Redacted].   Reviewer Comment (2019-03-01): Seller provided the initial CD electronic receipt dated x/x/xxxx.


Reviewer Comment (2019-03-01): Incorrectly waived as EVx


Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Loan Closed x/xx/xxxx, x/x/xxxx CD tracking uploaded for your review.
 9/XX/2018  12:15:15 PM     1 A 9/XX/2018 CA Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257459           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing from file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  4:41:21 PM 2 B 9/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206257459           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  4:41:30 PM 2 B 9/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257459           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Service Charges.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Title - Service Charges by a vendor not previously disclosed..Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Missing proof of valid change, insufficient or no cure was provided to the borrower.   Reviewer Comment (2019-03-01): (Redacted) received letter of explanation, proof of delivery, copy of refund check, and corrected CD.


Buyer Comment (2019-03-01): Please see attached for your review, Refund check for $xx.xx and shipping label, LOX and PCCD  showing lender credit for the $xx.xx.  Please clear exception.
   9/XX/2018  2:46:51 PM   2 B 9/XX/2018 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
206257459           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total [Redacted], while closing CD seller's fees total [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  4:41:38 PM 2 A 9/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257459           Compliance Compliance Federal Compliance 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 three (3) business days of application. List of Homeownership Counseling Organizations not provided to applicant within three (3) business days of application.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     9/XX/2018  4:41:51 PM 2 B 9/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206257460           Credit Fix and Flip General Insufficient funds for Reserves. Guidelines require ___  of reserves, and verified reserves are ___. Proceeds from cash out refinance of [Redacted] used for reserves are insufficient to meet x months PITIA reserve requirement of [Redacted]. Borrower is a XXX for the past 3 years with 25 years in same line of work.

Credit score of 635, 15 points > program requirement of 620

48.724% LTV < 60% guideline max		 Reviewer Comment (2019-03-01): Reserves are none vs program requirement of x months.


Buyer Comment (2019-03-01): Please see exception for reserves uploaded for your review.
     1/XX/2019  11:50:44 AM 2 B 12/XX/2018 CA Investment Refinance - Cash-out - Other   C B C B     A A     No
206257462           Credit Credit Miscellaneous Credit Exception:   Lender Approved Exception - Property was listed for sale on [Redacted] and listing cancelled on [Redacted] vs program requirement that subject property is not listed for sale, and was not listed for sale during the three months preceding the loan's closing No public records and no derogatory credit

Borrower is the XXX for the past 16 years. Experienced Investor

Reserves are 20.58 months, 17.58 months > program requirement of 3 months

Credit Score is 729, 29 points > program requirement of 700		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  12:44:04 PM 2 B 1/XX/2019 NJ Investment Refinance - Cash-out - Other   C B C B     A A     No
206257463           Credit Loan Package Documentation Application / Processing Missing Document: Purchase Agreement / Sales Contract not provided         9/XX/2018  11:01:23 AM     1 A 9/XX/2018 CA Primary Purchase   D B D B C B A A Non QM Non QM No
206257463           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy.     Borrower has employment stability for 5 years in the XXX industry

40% DTI, 10% <  guideline max of 50%.		       9/XX/2018  10:42:36 AM 2 B 9/XX/2018 CA Primary Purchase   D B D B C B A A Non QM Non QM No
206257463           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant             9/XX/2018  10:36:13 AM 1 A 9/XX/2018 CA Primary Purchase   D B D B C B A A Non QM Non QM No
206257463           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold)             9/XX/2018  10:36:18 AM 1 A 9/XX/2018 CA Primary Purchase   D B D B C B A A Non QM Non QM No
206257463           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption             9/XX/2018  11:15:47 AM 2 B 9/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B C B A A Non QM Non QM Yes
206257463           Compliance Compliance Federal Compliance TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien         9/XX/2018  12:16:00 PM     1 A 9/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B C B A A Non QM Non QM Yes
206257463           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits         9/XX/2018  11:20:23 AM     1 A 9/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B C B A A Non QM Non QM Yes
206257463           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver         9/XX/2018  11:20:23 AM     1 A 9/XX/2018 CA Primary Purchase No Defined Cure D B D B C B A A Non QM Non QM No
206257463           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided         9/XX/2018  11:20:23 AM     1 A 9/XX/2018 CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D B C B A A Non QM Non QM Yes
206257463           Credit Loan Package Documentation Closing / Title Title Error: Title vesting does not concur with deed         9/XX/2018  10:57:44 AM     1 A 9/XX/2018 CA Primary Purchase   D B D B C B A A Non QM Non QM No
206257463           Compliance Compliance Federal Compliance TRID Lender Credit Tolerance Violation         9/XX/2018  11:20:23 AM     1 A 9/XX/2018 CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D B C B A A Non QM Non QM Yes
206257463           Credit Legal / Regulatory / Compliance Title / Lien Defect Title Policy Coverage is less than Original Loan Amount.         9/XX/2018  10:59:04 AM     1 A 9/XX/2018 CA Primary Purchase   D B D B C B A A Non QM Non QM No
206257463           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing           9/XX/2018  11:20:23 AM   1 A 9/XX/2018 CA Primary Purchase Final CD evidences Cure D B D B C B A A Non QM Non QM Yes
206257463           Compliance Compliance Federal Compliance TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure             9/XX/2018  1:51:04 PM 1 A 9/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B C B A A Non QM Non QM Yes
206257467           Credit Assets Asset Documentation Aged document: Asset Account date is more than 90 days prior to the note.         10/04/2018     1 A 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257467           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor             9/XX/2018  2:39:33 PM 2 B 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257467           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date             9/XX/2018  2:39:58 PM 2 B 9/XX/2018 CA Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206257467           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits             9/XX/2018  2:40:22 PM 2 B 9/XX/2018 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
206257467           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided           10/XX/2018  3:18:05 PM   2 B 9/XX/2018 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
206257467           Credit System General Insurance address does not match Note address.         10/XX/2018  1:31:12 PM     1 A 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257467           Credit System General Flood Certificate Subject Address does not match Note address.         10/XX/2018  1:31:34 PM     1 A 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257467           Credit System General Valuation address does not match Note address.         10/XX/2018  1:32:03 PM     1 A 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257468           Credit Loan Package Documentation Closing / Title Missing Document: Closing Protection Letter not provided   Missing E&O Policy with minimum coverage of [Redacted] per claim and [Redacted] in aggregate with a deductible of no more than $[Redacted]. The title insurer must have an "A" or better rating from [Redacted] rating service.   Reviewer Comment (2019-03-01): Closing Protection Letter provided
 1/XX/2019  10:45:36 AM     1 A 1/XX/2019 NY Investment Purchase   C A C A     A A     No
206257469           Credit Loan Package Documentation Application / Processing Missing Document: Spousal Consent Form not provided       Reviewer Comment (2019-03-01): Agree with lender, documentation provided sufficient.


Buyer Comment (2019-03-01): Please see XXX DOCS, MORTGAGE and PRIOR DEED; the subject prior vesting was to xD Management Holdings, Inc, XXX docs confirm company is owned by the borrower and Mortgage reflects "Sole and Separate Property" as a result it is not a marital asset and Spousal consent is not required
 2/XX/2019  12:13:41 PM     1 A 1/XX/2019 NV Investment Refinance - Cash-out - Other   C A C A     A A     No
206257470           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___.   Co-borrower has been self-employed 10 years as XXX premier mtg & real estate

Borrower has been self-employed 16 years as XXX XXX

Perfect mortgage history paid as agreed since earliest inception date of 11/2015

Reserves are 35.77 months, 22.77 months > program requirement of 3 months

DSC is 110.330%, 103330% > program requirement of 100%		 Reviewer Comment (2019-03-01): (Redacted) elected to waive the requirement based on compensating factors.
     1/XX/2019  12:08:30 PM 2 B 1/XX/2019 CA Investment Refinance - Cash-out - Other   C B C B     A A     No
206257471           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Lender approved exception to allow reserves of [Redacted] months vs program requirement of x months Subject refinance will reduce mortgage expense by $711 per month on the subject property

No public records. VOM indicates paid as agreed on the subject property private note

Borrower has been a XXX for the past 4 years

DSC is 149% > 100% program requirement

FICO of 668 > program requirement of 640

LTV of 70% < program maximum of 75%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this requirement based on validated compensating factors.
     2/XX/2019  10:46:45 AM 2 B 1/XX/2019 NC Investment Refinance - Rate/Term   C B C B     A A     No
206257474           Credit Credit Miscellaneous Credit Exception:   Lender Approved Exception - Credit Score is [Redacted] vs program requirement of [Redacted] Borrower has 3 additional loans closing concurrently

No public records

1 active and 2 closed mortgages with a 1x30x12 and 2x30x24 pay history with no additional late payments since earliest mortgage inception in 11/2007

Borrower has been self- employed for the past 3.8 years and has a total of 8 years as a Real Estate Investor

Reserves are 34.66 months, 23.66 months > program requirement of 11 months

DSCI is 132.363%, 32.63% > program requirement of 100%		 Reviewer Comment (2019-03-01): (Redacted) elected to waive the requirement based on compensating factors.
     2/XX/2019  11:29:59 AM 2 B 1/XX/2019 MD Investment Purchase   C B C B     A A     No
206257474           Credit Loan Package Documentation Application / Processing Missing Document: Operating Agreement not provided       Reviewer Comment (2019-03-01): Operating Agreement provided
 02/04/2019     1 A 1/XX/2019 MD Investment Purchase   C B C B     A A     No
206257474           Credit Collateral Missing/Incorrect Missing document: Lease on leasehold property is not in file   Approval was based on review of document. Document and approval of document is not in file.   Reviewer Comment (2019-03-01): Agree with lender. Used system workaround to accept Average Lease Amount for DSC ratio.


Buyer Comment (2019-03-01): gross monthly rent is $xxxx (Unit x - $xxxx, Unit x - $xxxx, Unit x - $xxxx) per operating income statement on appraisal. If there is no active lease you would use the rental income on the operating income statement. Please recalc


Reviewer Comment (2019-03-01): Per available lease agreements, gross monthly rental income used is $xxxx.xx. Based on leases for only Apt x and x.


Buyer Comment (2019-03-01): Please provide breakdown of DSC Calculation


Reviewer Comment (2019-03-01): Current DSC ratio is xx%.
 2/XX/2019  9:10:56 AM     1 A 1/XX/2019 MD Investment Purchase   C B C B     A A     No
206257474           Credit Loan Package Documentation Application / Processing Missing Document: Certificate of Good Standing not provided       Reviewer Comment (2019-03-01): Certificate of Good Standing provided
 02/04/2019     1 A 1/XX/2019 MD Investment Purchase   C B C B     A A     No
206257475           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Lender approved exception to allow FICO of [Redacted] vs program requirement of [Redacted] DSC of 101% > program requirement of 100%

1 active and 2 closed mortgages with a 1x30x12 and 2x30x24 pay history with no additional late payments since earliest mortgage inception 11/2007. No public records. Borrower has 3 additional loans closing concurrently.

Borrower has been self-employed for the past 3.8 years and has a total of 8 years as a Real Estate Investor

72.57 months reserves > 11 months guideline minimum		 Reviewer Comment (2019-03-01): (Redacted) elected to waive the requirement based on compensating factors.
     2/XX/2019  1:55:21 PM 2 B 1/XX/2019 MD Investment Purchase   C B C B     A A     No
206257475           Credit Credit Miscellaneous Credit Exception:   Missing documentation to support judgment on credit report of [Redacted] was released.   Reviewer Comment (2019-03-01): Judgment documentation provided.
 02/04/2019     1 A 1/XX/2019 MD Investment Purchase   C B C B     A A     No
206257476           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Judgments / Balance:  [Redacted], Credit Report: Original // Public Record Type: Judgments / Balance:  [Redacted], Credit Report: Original // Public Record Type: Judgments / Balance:  [Redacted] Credit update dated [Redacted] reported x judgments not on the original credit report. Small Claims Judgment of [Redacted] was verified as paid in full on [Redacted]. However, file is missing proof the following judgments were paid in full and satisfied/released, or removed from the borrower's credit report, or verification the judgments will not attach to the subject property and became a lien or other cloud on title as required by the client credit guidelines: Civil Judgment of [Redacted] filed on [Redacted] in favor of XXX, [Redacted]; Civil Judgment of [Redacted] filed on [Redacted] in favor of XXX, [Redacted] and Civil Judgment of [Redacted] filed on [Redacted] in favor of XXX, [Redacted].   Reviewer Comment (2019-03-01): Seller provided the x open judgments on the title search for xxxxxxxx, xxxxxx-xx and xxxxxxxx are all satisfied per title company letter x/xx/xx and satisfaction of judgement dated x/xx/xxxx


Buyer Comment (2019-03-01): Please see title report which included a judgment search from x/xx/xxxx-x/xx/xxxx.
Page #x of search shows three judgments reflected under the borrower's name:
DJxxxxxxxx
DJxxxxxxxx
PDxxxxxxxx

The attached letter from the Title Company indicates that proof was supplied  & the judgments, DJxxxxxxxx & DJxxxxxxxx are paid. The remaining judgement, #PDxxxxxxxx, shows paid per the attached page.

There are no other open judgments reflected for this borrower from xxxx-xxxx.
Please clear.


Reviewer Comment (2019-03-01): Judgments listed on credit report x/xx/xxxx are not reflected in file as released/satisfied/paid. Please provide evidence to address this above the full factual and fraud report reflecting the open judgments are released/satisfied/paid.


Reviewer Comment (2019-03-01): Escalated


Buyer Comment (2019-03-01): Although the credit report to which you refer is dated on xx/xx/xxxx, it is an in file credit report. The Full Factual , dated xx/xx/xxxx shows no open judgments along with the Fraud Report, dated x(Redacted).
 10/XX/2018  11:19:50 AM     1 A 9/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206257476           Credit Credit Credit Eligibility There are red flags on the fraud report that have not been addressed Credit Report: Original // Borrower: Borrower: [Redacted] Most recent Fraud Report dated [Redacted] reflects the following Red Flags: x) Loan Participant(s) involved in a high ratio of loans that have previously scored HIGH RISK. File is missing documentation to verify this red flag was addressed and cleared by the lender.   Reviewer Comment (2019-03-01): Per (Redacted) this is not correspondent loan and  Fraud requirement in guidelines is only for the Correspondent loans.  Issue cleared."


Buyer Comment (2019-03-01): Please review the Fraud Prevention Engine Requirements, which are specific to Correspondent Lenders.  Not Retail/Wholesale transactions conducted by (Redacted)/Recovco.  "x.xx Use of a Fraud Prevention Engine Required For a loan to be eligible for sale to (Redacted), a fraud prevention engine pull must be obtained from either DataVerify, CoreLogic, SAS - or from another fraud prevention engine which (Redacted), in its discretion, chooses to accept. Each high-risk alert indicated by the engine pull must be addressed by the Lender."


Buyer Comment (2019-03-01): Red Flags are being addressed.


Buyer Comment (2019-03-01): Please escalate, these are showing on the in file only.


Buyer Comment (2019-03-01): Which Fraud report are you referring? I do not see any open judgments on the fraud reports dated x/xx,x/xx or x/xx and do not find one dated x/xx/xxxx
 10/04/2018     1 A 9/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206257476           Credit Assets Asset Calculation / Analysis Available for Closing is insufficient to cover Cash From Borrower.   [Redacted]   Reviewer Comment (2019-03-01): Seller provided the CPA letter for use of business funds dated (Redacted).


Buyer Comment (2019-03-01): CPA Letter for your review.


Buyer Comment (2019-03-01): This income was calculated using banks statements, a Cash Flow Analysis is not needed.


Buyer Comment (2019-03-01): As of x/xx/xxxx acct. #xxxx had $xx,xxx.xx on deposit which included a $xx,xxx transfer from xxxx;however, I do not see a transfer in the amount of $xx,xxx from acct. #xxxx to xxxx.  Please advise.
 10/XX/2018  11:03:03 AM     1 A 9/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206257476           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Initial Closing Disclosure dated [Redacted] was not received by the borrower at least 3 business days prior to the closing date of [Redacted]. File is missing evidence of earlier receipt or a written and signed statement from the borrower that waives the required waiting period.   Reviewer Comment (2019-03-01): Seller provided the electronic receipt of the initial CD dated on x/x/xxxx.


Buyer Comment (2019-03-01): Uploaded for your review, proof CD received by Borrower.
 9/XX/2018  4:32:16 PM     1 A 9/XX/2018 NJ Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257476           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. File is missing the Loan Originator Compensation Disclosure. Unable to determine if compensation was based on a term of the transaction.   Buyer Comment (2019-03-01): Waived, Level 2
     9/XX/2018  11:08:06 AM 2 B 9/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206257476           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant. Seller's Final Closing Disclosure disclosed total seller paid fees of [Redacted]. Buyer's Final Closing Disclosure disclosed seller paid fees of [Redacted]. Difference of [Redacted] due to the following fees were disclosed on the Seller's CD, but not disclosed on the Buyer's CD: Recording Fee of [Redacted]; Real Estate Commission of [Redacted] and Real Estate Commission of [Redacted].   Buyer Comment (2019-03-01): Waived, Level 2
     9/XX/2018  11:08:18 AM 2 A 9/XX/2018 NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257476           Compliance Compliance Federal Compliance TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on [Redacted] reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (Final/[Redacted]) TRID non-compliant. Final Closing Disclosure, Section B disclosed the Credit Report Fee of [Redacted] as paid to the Broker however, file is missing the credit report invoice. Payee must reflect the actual vendor in some manner (FBO, reimbursement to, etc).   Buyer Comment (2019-03-01): Waived, Level 2
     9/XX/2018  11:08:29 AM 2 B 9/XX/2018 NJ Primary Purchase Good Faith Redisclosure C B C A C B A A Non QM Non QM Yes
206257476           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%). Fannie Mae [Redacted] x% Points and Fees Test. Points and Fees for subject loan of [Redacted]% exceed the [Redacted] allowable maximum of the Federal total loan amount of [Redacted], and points and fees totaling [Redacted] exceed the allowable maximum of [Redacted] , which is an overage of [Redacted] or .[Redacted]%.   Buyer Comment (2019-03-01): Waived, Level 2
     9/XX/2018  11:08:38 AM 2 B 9/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM Yes
206257476           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.04700% or Final Disclosure APR of 7.12400% is in excess of allowable threshold of APOR 4.65% + 1.5%, or 6.15000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  2:45:07 PM 1 A 9/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206257478           Credit Property - Appraisal Appraisal Data Integrity Appraisal not on GSE sanctioned form and thus FIRREA compliance is called into question. Valuation Type: Appraisal / Valuation Report Date: [Redacted] The loan file contains a Lender Approved Exception to policy: Use of full commercial appraisal vs requirement of Fannie Mae Form [Redacted] or Freddie Mac form [Redacted] for SP Ix loan program Borrower has 2 open mortgages reporting paid as agreed since inception 10/2012 and 7/2003. Except for an isolated revolving late 1X30 dated 12/2015, no other late payment on entire credit report since inception earliest date 2/1996. No public records.

Borrower is a XXX for the past 12 years with 18 years in the same line of work

DSC is 272%, 162% > program requirement of 110%

Credit Score is 776, 36 points > program requirement of 740

LTV is 27.97203%, 52.02797% < maximum program of 80%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     2/XX/2019  8:54:57 AM 2 B 1/XX/2019 FL Investment Purchase   C B C B     A A     No
206257480           Credit Credit Miscellaneous Credit Exception:   Allow a deed in lieu 13 months ago [Redacted]) vs program requirement 24 months - Lender approved Borrower has been self-employed 10 years as XXX XXX

Subject mortgage shows paid as agreed since inception of 10/2012. No public records

Credit score is 742, 42 points > program requirement of 700

LTV is 63.413% , 11.5875 < Program maximum of 75%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     2/XX/2019  10:16:40 AM 2 B 1/XX/2019 PA Investment Refinance - Rate/Term   C B C B     A A     No
206257481           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted]     Reviewer Comment (2019-03-01): Lender did not utilize the SSI income a new xxxx,approval and lock was provided.


Buyer Comment (2019-03-01): Income utilized did not use SSI. New xxxx, lock and approval have been uploaded.
 9/XX/2018  10:49:17 AM     1 A 9/XX/2018 IL Primary Purchase   C B C A C B A A Non QM Non QM No
206257481           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. File does not evidence the consumer was provided with the Servicing Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this item.
     9/XX/2018  11:09:52 AM 2 B 9/XX/2018 IL Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM Yes
206257481           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Assumable ARM loan, final CD shows no assumption.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this item.
     9/XX/2018  11:09:39 AM 2 B 9/XX/2018 IL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257481           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing   Buyer Comment (2019-03-01): (Redacted) has elected to waive this item.
     9/XX/2018  11:10:10 AM 2 B 9/XX/2018 IL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257481           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this item.
     9/XX/2018  11:10:21 AM 2 B 9/XX/2018 IL Primary Purchase   C B C A C B A A Non QM Non QM No
206257481           Compliance Compliance Federal Compliance 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. Zero Percent Fee Tolerance exceeded for Title - Attorney's Fee (Closing Agent and Other).  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Provider was not previously disclosed, missing valid change of circumstance insufficient or no cure was provided to the borrower   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD received.


Buyer Comment (2019-03-01): PCCD/REfund/LOX/Label uploaded for your review.
   9/XX/2018  7:40:39 PM   2 B 9/XX/2018 IL 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
206257483           Credit Credit Miscellaneous Credit Exception:   Lender exception to policy: [Redacted] of total units are renter occupied vs program requirement that no more than [Redacted] of total units in Subject Project may be renter occupied.  Homeowner association is a defendant in litigation and associated costs are unknown vs. program requirement that the homeowner association cannot be named as a defendant in litigation unless its potential liability is fully covered by insurance. Project is long standing first marketed in 1988. No commercial space. Homeowner association delinquency is low (3 out g 60) at 5%

No public records

Reserves are 34 months, 22 months > program requirement of 12 months		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     2/XX/2019  9:04:27 AM 2 B 2/XX/2019 FL Investment Purchase   C B C B     A A     No
206257484           Credit Property - Appraisal General Appraisal Requirements Subject is a refinance and property is listed for sale. Valuation Type: Appraisal / Valuation Report Date: [Redacted], Valuation Type: Appraisal / Valuation Report Date: [Redacted] Lender approved exception. Property was listed for sale [Redacted] and removed [Redacted] vs program requirement that the subject property has not been listed for sale and may not have been listed for sale and may not have been listed for sale during the x months preceding the date of the loan. Credit reflects 2 open and 3 closed mortgages paid as agreed. No derogatory credit and no public records

Borrower is XXX XXX for the past 3 years, in profession 14 years

7.78 months reserves > program requirement of 6 months

782 representative FICO score > 700 guideline minimum		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     2/XX/2019  10:18:49 AM 2 B 1/XX/2019 GA Investment Refinance - Cash-out - Other   C B C B     A A     No
206257485           Credit Credit Credit Documentation Missing Document: Credit Report not provided       Reviewer Comment (2019-03-01): Seller provided the Credit report dated x/xx/xxxx
 9/XX/2018  12:23:23 PM     1 A 8/XX/2018 CO Second Home Purchase   D B D B C B A A Non QM Non QM No
206257485           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage of [Redacted] does not meet minimum of loan amount [Redacted] and [Redacted] of the estimated cost new [Redacted]   Reviewer Comment (2019-03-01): Seller provided the RCE for x,xxx,xxx.
 9/XX/2018  4:19:34 PM     1 A 8/XX/2018 CO Second Home Purchase   D B D B C B A A Non QM Non QM No
206257485           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing March [Redacted] 54.10 months reserves > 3 months guideline minimum

Guideline variance approved by lender at time of origination.  Borrower has a perfect credit history with never a later payment

Guideline variance approved by lender at time of origination. Borrower is self-employed as XXX

DTI is 35.56508%, 14.43492% < program requirement of 50%

Guideline variance approved by lender at time of origination. Credit score is 771, 51 points > program requirement of 720		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.


Reviewer Comment (2019-03-01): Lender exception - Missing one month business bank statement for x/xxxx to complete xx months using xx months vs program requirement of most recent full xx months business bank statements to qualify income from


Buyer Comment (2019-03-01): Updated Income Calculation Worksheet and signed Credit Exception uploaded.


Reviewer Comment (2019-03-01): Please provide a revised bank statement analysis for (REDACTED) of xxxx reflecting deposits per statement - missing statement for xx months analysis - please provide statement as well.


Buyer Comment (2019-03-01): The total of deposits listed of $xx,xxx.xx were not utilized in the overall average income used in qualifying.  The amount of deposits denoted of $xx,xxx.xx were from a duplicate bank statement (dated xx/xxxx) in the file which was mis-read however amounts were not used in calculations.  Please clear.


Reviewer Comment (2019-03-01): Missing the x/xxxx xxxx statement with xx,xxx.xx in deposits seller provided a printout that does not match.


Buyer Comment (2019-03-01): Uploaded transaction history for (REDACTED) acct#xxxx XXXXXX showing transaction history for month of (REDACTED) xxxx.  Only deposit into the acct was a transfer from #xxxx denoted.
     9/XX/2018  5:32:35 PM 2 B 8/XX/2018 CO Second Home Purchase   D B D B C B A A Non QM Non QM No
206257485           Compliance Compliance Federal Compliance FACTA Disclosure Missing FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure.     Buyer Comment (2019-03-01): (Redacted) has elected to waive.
     9/XX/2018  10:01:24 AM 2 B 8/XX/2018 CO Second Home Purchase   D B D B C B A A Non QM Non QM No
206257485           Compliance Compliance Federal Compliance Missing Initial Loan Application Test No evidence of application date located in file.  Compliance tests were run using an application date of  [Redacted] which is 1 months prior to consummation. A lookback was performed to determine this application date.  The final date used for testing was  [Redacted].     Reviewer Comment (2019-03-01): Seller provided the initial xxxx signed and dated on x/xx/xxxx.
 9/XX/2018  11:59:22 AM     1 A 8/XX/2018 CO Second Home Purchase   D B D B C B A A Non QM Non QM No
206257485           Compliance Compliance Federal Compliance TILA NMLSR - Originator Company Not Licensed at time of Application Unable to test LO company NMLS license due to missing information.     Reviewer Comment (2019-03-01): Seller provided the initial xxxx signed and dated on x/xx/xxxx.


Buyer Comment (2019-03-01): See uploaded docs.
 9/XX/2018  11:59:22 AM     1 A 8/XX/2018 CO Second Home Purchase   D B D B C B A A Non QM Non QM No
206257485           Compliance Compliance Federal Compliance Federal Loan Originator Compensation - Individual LO Not NMLS Licensed at Time of Application Unable to test Loan Originator license due to missing information.     Reviewer Comment (2019-03-01): Seller provided the initial xxxx signed and dated on x/xx/xxxx.


Buyer Comment (2019-03-01): See uploaded docs.
 9/XX/2018  11:59:22 AM     1 A 8/XX/2018 CO Second Home Purchase   D B D B C B A A Non QM Non QM No
206257485           Compliance Compliance Federal Compliance TILA NMLSR - Individual Originator License Status Not Approved Unable to test Individual Loan Originator license status due to missing information.     Reviewer Comment (2019-03-01): Seller provided the initial xxxx signed and dated on x/xx/xxxx.


Buyer Comment (2019-03-01): See uploaded docs
 9/XX/2018  11:59:22 AM     1 A 8/XX/2018 CO Second Home Purchase   D B D B C B A A Non QM Non QM No
206257485           Compliance Compliance Federal Compliance TILA NMLSR - Originator Company License Status Not Approved Unable to test LO company status due to missing information.     Reviewer Comment (2019-03-01): Seller provided the initial xxxx signed and dated on x/xx/xxxx.
 9/XX/2018  11:59:22 AM     1 A 8/XX/2018 CO Second Home Purchase   D B D B C B A A Non QM Non QM No
206257485           Compliance Compliance Federal Compliance 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.     Buyer Comment (2019-03-01): (Redacted) has elected to waive.
     9/XX/2018  10:01:37 AM 2 B 8/XX/2018 CO Second Home Purchase   D B D B C B A A Non QM Non QM No
206257485           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Missing from file   Reviewer Comment (2019-03-01): Seller provided the initial LE dated x/xx/xxxx.
 9/XX/2018  12:31:24 PM     1 A 8/XX/2018 CO Second Home Purchase Good faith redisclosure D B D B C B A A Non QM Non QM Yes
206257485           Compliance Compliance Federal Compliance General Ability To Repay Provision Credit History Ability to Repay (Dodd-Frank 2014): Unable to verify debt obligations using reasonably reliable third-party records. Missing credit report   Reviewer Comment (2019-03-01): Seller provided the initial LE dated x/xx/xxxx.
 9/XX/2018  12:31:24 PM     1 A 8/XX/2018 CO Second Home Purchase   D B D B C B A A Non QM Non QM No
206257485           Compliance Compliance Federal Compliance NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Loan does not meet ATR requirements due to missing credit report.   Reviewer Comment (2019-03-01): Seller provided the initial LE dated x/xx/xxxx.
 9/XX/2018  12:31:24 PM     1 A 8/XX/2018 CO Second Home Purchase   D B D B C B A A Non QM Non QM No
206257485           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Missing from file   Reviewer Comment (2019-03-01): Seller provided the initial LE dated x/xx/xxxx.


Buyer Comment (2019-03-01): Disclosure Track Uploaded
 9/XX/2018  12:31:24 PM     1 A 8/XX/2018 CO Second Home Purchase Good faith redisclosure D B D B C B A A Non QM Non QM Yes
206257485           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. Missing Loan Estimate from file   Reviewer Comment (2019-03-01): Seller provided the initial LE dated x/xx/xxxx.
 9/XX/2018  12:31:24 PM     1 A 8/XX/2018 CO Second Home Purchase No Defined Cure D B D B C B A A Non QM Non QM No
206257485           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Reviewer Comment (2019-03-01): Seller provided the initial xxxx signed and dated x/xx/xxxx.
 9/XX/2018  11:56:37 AM     1 A 8/XX/2018 CO Second Home Purchase   D B D B C B A A Non QM Non QM No
206257485           Credit Loan Package Documentation Application / Processing Missing Document: Other not provided   Approval required Borrower Attestation ATR-01A to be executed at closing.  Document not provided.   Reviewer Comment (2019-03-01): Seller provided the ATR attestation signed and dated on x/xx/xxxx.
 9/XX/2018  2:21:47 PM     1 A 8/XX/2018 CO Second Home Purchase   D B D B C B A A Non QM Non QM No
206257485           Compliance Compliance Federal Compliance 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. Loan does not meet ATR requirements due to missing credit report.   Reviewer Comment (2019-03-01): Seller provided the initial LE dated x/xx/xxxx.


Buyer Comment (2019-03-01): Credit report uploaded
 9/XX/2018  12:31:24 PM     1 A 8/XX/2018 CO Second Home Purchase Lender to provide updated ATR/QM status D B D B C B A A Non QM Non QM Yes
206257485           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The Seller's CD disclosed a credit of [Redacted] for xth Qtr Sewer Dues that was not disclosed on the Borrower's CD.   Buyer Comment (2019-03-01): (Redacted) has elected to waive.
     9/XX/2018  10:01:47 AM 2 A 8/XX/2018 CO Second Home Purchase Letter of Explanation & Corrected Closing Disclosure D B D B C B A A Non QM Non QM Yes
206257485           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) No amount disclosed   Buyer Comment (2019-03-01): (Redacted) has elected to waive.
     9/XX/2018  10:02:10 AM 2 B 8/XX/2018 CO Second Home Purchase Letter of Explanation & Corrected Closing Disclosure D B D B C B A A Non QM Non QM Yes
206257485           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Fee exceeds amount disclosed on initial LE without a valid COC for increase.   Reviewer Comment (2019-03-01): Exception cleared LE lists Appraisal Review Fee that total $xxx


Buyer Comment (2019-03-01): Initial LE in file reflects the disclosed correct amount of $xxx.xx ($xxx.xx x x) for the Appraisal Review Fee.  Please clear.
 9/XX/2018  8:20:35 AM     1 A 8/XX/2018 CO Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D B C B A A Non QM Non QM Yes
206257485           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Lender approved Guideline variance approved by lender at time of origination.  Borrower has a perfect credit history with never a later payment

Guideline variance approved by lender at time of origination. Borrower is self-employed as XXX

DTI is 35.56508%, 14.43492% < program requirement of 50%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     10/XX/2018  2:48:59 PM 2 B 8/XX/2018 CO Second Home Purchase   D B D B C B A A Non QM Non QM No
206257487           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   The Lender's Initial 1003 is missing from file, however, the Creditor Application Date was obtained through other documentation in file.   Reviewer Comment (2019-03-01): Seller provided the initial xxxx signed and dated on x/xx/xxxx.
 9/XX/2018  10:24:02 AM     1 A 9/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257487           Credit Guideline Guideline Issue Aged document: Primary Valuation is older than guidelines permit Valuation Type: Appraisal / Valuation Report Date: [Redacted] ___ The appraisal was completed more than [Redacted] days prior to the Note date and there is no re-certification of value provided in file.   Reviewer Comment (2019-03-01): Appraisal dated x/xx/xxxx consummation date (Redacted) guidelines allow for xxx days.


Buyer Comment (2019-03-01): Appraisals are good for xxx days, please clear
 9/XX/2018  4:23:30 PM     1 A 9/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257487           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.01750% or Final Disclosure APR of 7.06800% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  8:49:27 AM 1 A 9/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257487           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) New York Subprime Loan: Counseling Disclosure not provided to borrower within three days of application. There is no evidence in file to confirm Borrower was provided the Counseling Disclosure prior to closing.   Reviewer Comment (2019-03-01): Timing exception cleared as loan became subprime with COC dated x/xx/xx which caused rate to increase over threshold.


Buyer Comment (2019-03-01): Loan changed to subprime on x-xx-xxxx, please clear


Reviewer Comment (2019-03-01): Disclosure provided date (Redacted) > origination plus x days x/xx/xxxx.
 9/XX/2018  11:59:22 AM     1 A 9/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257487           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan. Loan is a compliant NY Subprime Loan.   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): Remains non-compliant due to counseling disclosure date.
     9/XX/2018  12:14:14 PM 2 B 9/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257487           Compliance Compliance Federal Compliance 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 increased by $[Redacted] and Final Closing Disclosure confirms that a Lender Credit for that same amount was provided to Borrower as a cure.       9/XX/2018  1:56:29 PM   1 A 9/XX/2018 NY Primary Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
206257487           Credit Loan Package Documentation Application / Processing Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided       Reviewer Comment (2019-03-01): Seller provided the xxxx transmittal dated x/xx/xxxx with a DTI of x.xxx%.
 9/XX/2018  10:27:32 AM     1 A 9/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257488           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   The Lender's Initial 1003 was not provided in file, however, the Creditor Application Date was obtained through other documentation in file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  9:19:25 AM 2 B 9/XX/2018 MD Primary Purchase   C B C A C B A A Non QM Non QM No
206257488           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  9:19:36 AM 2 B 9/XX/2018 MD Primary Purchase   C B C A C B A A Non QM Non QM Yes
206257488           Compliance Compliance State Compliance (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) Maryland Higher-Priced Mortgage Loan:  Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. There is no evidence in file to confirm Borrower was provided with a written disclosure indicated the non-higher priced loans they qualify for.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  9:20:06 AM 2 B 9/XX/2018 MD Primary Purchase   C B C A C B A A Non QM Non QM No
206257488           Compliance Compliance State Compliance Maryland HPML Threshold Test Non-Compliant Maryland 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]% + 1.5%, or [Redacted]%.  Non-Compliant Higher Priced Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  9:20:20 AM 2 B 9/XX/2018 MD Primary Purchase   C B C A C B A A Non QM Non QM No
206257488           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. (Final/[Redacted]) Section H of the Borrower's Final Closing Disclosure discloses two fees that do not appear to have been included in the original calculation of finance charges: $[Redacted] Admin Fee to the Broker and a $[Redacted] Lien Search Fee to the County.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Refund check for under disclosed amount, Corrected CD provided.  Exception cured.


Buyer Comment (2019-03-01): Uploaded for you review-PCCD-LOX-Label


Reviewer Comment (2019-03-01): This is  Finance charge violation for under disclosure so PCCD and LOX alone can cure this, Please Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected PCCD, and Re-open Rescission if Applicable


Buyer Comment (2019-03-01): Will a PCCD/LOX be sufficient to clear this given the fees were disclosed?


Reviewer Comment (2019-03-01): A Broker Admin Fee is considered a finance charge under xxxx.x(a)(x):
"Special rule; mortgage broker fees. Fees charged by a mortgage broker (including fees paid by the consumer directly to the broker or to the creditor for delivery to the broker) are finance charges even if the creditor does not require the consumer to use a mortgage broker and even if the creditor does not retain any portion of the charge."
The fact the fee is disclosed in Section H of the CD has no bearing on whether the fee can be considered a finance charge. The "no limit section" being referred to pertains to TRID tolerance testing and only to the extent the fee is not required by the lender.


Buyer Comment (2019-03-01): Please provide clarification of this exception.  Section H on the CD is a No Tolerance Limit section, what is needed to cure.
   10/XX/2018  11:03:55 AM   2 B 9/XX/2018 MD 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 B C A C B A A Non QM Non QM Yes
206257488           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Summaries Of Transactions - Seller Credit TILA-RESPA Integrated Disclosure - Summaries of Transactions: Final Closing Disclosure provided on [Redacted]disclosed a Seller Credit that does not match the Seller Credit from the Calculating Cash to Close table. (Final/[Redacted]) The Summary of Transactions discloses a $[Redacted] Seller Credit that is not disclosed in the Calculating Cash to Close section for the Borrower's Final CD.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  9:20:30 AM 2 B 9/XX/2018 MD Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257488           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Timing Truth in Lending Act (2015): Creditor or broker did not provide the Home Loan Toolkit Disclosure to applicant within 3 business days of application. Truth in Lending Act ([Redacted]): Creditor or broker did not provide the Home Loan Toolkit Disclosure to applicant within x business days of application.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  9:20:40 AM 2 B 9/XX/2018 MD Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257488           Credit Assets Asset Documentation Guideline Issue:Insufficient asset documentation. Financial Institution: [Redacted] / End Date: [Redacted] // Account Type:[Redacted]/ Account Number: [Redacted] Program guidelines require the most recent x months bank statement, however, there is a gap in statements provided between [Redacted] and [Redacted].   Reviewer Comment (2019-03-01): Lender utilized x/xxxx-x/xxxx and was within xx days if closing (Redacted) statement (x/xx/xxxx).


Buyer Comment (2019-03-01): (REDACTED) and (REDACTED) bank statements were not required or needed for the income calculation.  There are xx months as required.  The x/xx statements was only utilized to validate the source of the transaction into the personal bank account's used for assets.  Please review and clear.  Thank you.
 9/XX/2018  4:18:38 PM     1 A 9/XX/2018 MD Primary Purchase   C B C A C B A A Non QM Non QM No
206257488           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Unable to determine what the Broker's compensation was based upon due to missing the LO Compensation disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  9:21:25 AM 2 B 9/XX/2018 MD Primary Purchase   C B C A C B A A Non QM Non QM No
206257488           Compliance Compliance Federal Compliance 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 three (3) business days of application. The List of Homeownership Counseling Organizations disclosure was provided within x days of date Borrower signed the initial application but not within x days of the Originator Application Date.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  9:21:41 AM 2 B 9/XX/2018 MD Primary Purchase   C B C A C B A A Non QM Non QM No
206257488           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) There is no evidence in file to confirm Borrower was provided the Final Closing Disclosure at least x days prior to closing.   Reviewer Comment (2019-03-01): Document provided confirms receipt of Initial CD


Buyer Comment (2019-03-01): For your review: Tracking
 9/XX/2018  11:52:48 AM     1 A 9/XX/2018 MD Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257488           Compliance Compliance Federal Compliance TRID Seller Closing Disclosure TILA-RESPA Integrated Disclosure:  Seller Closing Disclosure not located in the file. (Final/[Redacted]) The Seller Closing Disclosure was not provided in file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  9:21:55 AM 2 B 9/XX/2018 MD Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257488           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.54500% or Final Disclosure APR of 6.56400% is in excess of allowable threshold of APOR 4.71% + 1.5%, or 6.21000%.  Compliant Higher Priced Mortgage Loan. Confirmed fee input is accurate.   Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  11:00:02 AM 1 A 9/XX/2018 MD Primary Purchase   C B C A C B A A Non QM Non QM No
206257488           Compliance Compliance Federal Compliance TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on [Redacted] reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (Final/[Redacted]) CD indicates credit report paid to Broker.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  9:22:12 AM 2 B 9/XX/2018 MD Primary Purchase Good Faith Redisclosure C B C A C B A A Non QM Non QM Yes
206257490           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) Final Closing Disclosure reflected a closing date of [Redacted] yet date of consummation was [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     9/XX/2018  4:07:39 PM 2 B 9/XX/2018 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
206257491           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%). Total fees including YSP is $[Redacted] which is [Redacted] exceeding the max allowed by Fannie Mae of x%.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     9/XX/2018  10:15:15 AM 2 B 9/XX/2018 NJ Primary Purchase   C B A A C B A A Non QM Non QM Yes
206257491           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing LO Compensation disclosure to determine how the broker's YSP was calculated.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     9/XX/2018  10:15:21 AM 2 B 9/XX/2018 NJ Primary Purchase   C B A A C B A A Non QM Non QM No
206257491           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2019-03-01): Document provided confirms receipt of Initial CD


Buyer Comment (2019-03-01): Please see CD, ESIGN
 9/XX/2018  11:04:20 AM     1 A 9/XX/2018 NJ Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257491           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure. Seller's CD shows [Redacted] in seller paid closing costs, borrower's final CD shows $x.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     9/XX/2018  10:15:43 AM 2 A 9/XX/2018 NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257491           Compliance Compliance Federal Compliance 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 [Redacted] k-1 for [Redacted]   Reviewer Comment (2019-03-01): S-corp borrowers us xxx% owner per K-x and tax return


Buyer Comment (2019-03-01): Please see Kx Transcript page x reflects borrower is xxx% owner
 9/XX/2018  3:11:59 PM     1 A 9/XX/2018 NJ Primary Purchase Lender to provide updated ATR/QM status C B A A C B A A Non QM Non QM Yes
206257491           Compliance Compliance Federal Compliance General Ability To Repay Provision Employment - K-1 Less 25% Ability-to-Repay (Dodd-Frank 2014): Unable to verify current K-1 (Less than 25% Ownership) status using reasonably reliable third-party records. ([Redacted]) Missing [Redacted] k-1 for [Redacted]   Reviewer Comment (2019-03-01): S-corp borrowers us xxx% owner per K-x and tax return


Buyer Comment (2019-03-01): Please see Kx Transcript page x reflects borrower is xxx% owner
 9/XX/2018  3:11:59 PM     1 A 9/XX/2018 NJ Primary Purchase   C B A A C B A A Non QM Non QM No
206257491           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - K-1 Less 25% Ability to Repay (Dodd-Frank 2014): Unable to verify K-1 (Less than 25% Ownership) income using reasonably reliable third-party records. ([Redacted]) Missing [Redacted] k-1 for [Redacted]   Reviewer Comment (2019-03-01): S-corp borrowers us xxx% owner per K-x and tax return


Buyer Comment (2019-03-01): Please see Kx Transcript page x reflects borrower is xxx% owner
 9/XX/2018  3:11:59 PM     1 A 9/XX/2018 NJ Primary Purchase   C B A A C B A A Non QM Non QM No
206257491           Compliance Compliance Federal Compliance NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Missing [Redacted] k-1 for [Redacted]   Reviewer Comment (2019-03-01): S-corp borrowers us xxx% owner per K-x and tax return
 9/XX/2018  3:11:59 PM     1 A 9/XX/2018 NJ Primary Purchase   C B A A C B A A Non QM Non QM No
206257492           Credit Loan Package Documentation Closing / Title Security Instrument is not signed by borrower(s).   Deed of Trust dated [Redacted] was not signed and dated by the borrowers and document was not notarized.   Reviewer Comment (2019-03-01): Seller provided the Security instrument signed and dated on x/xx/xxxx.


Buyer Comment (2019-03-01): security instrument with PUD rider signed and notarized for your review.
 9/XX/2018  12:54:41 PM     1 A 9/XX/2018 CA Primary Purchase   C A C A C A A A Non QM Non QM No
206257492           Credit Loan Package Documentation Closing / Title Missing Document: Rider - PUD not provided   PUD Rider dated [Redacted] was not signed and dated by the borrowers.   Reviewer Comment (2019-03-01): Seller provided the PUD rider signed and dated on x/xx/xxxx


Buyer Comment (2019-03-01): Please see attached security instrument signed and notarized.
 9/XX/2018  12:56:04 PM     1 A 9/XX/2018 CA Primary Purchase   C A C A C A A A Non QM Non QM No
206257492           Credit Credit Credit Eligibility There are red flags on the fraud report that have not been addressed Credit Report: Original // Borrower:  [Redacted] Credit Report: Original // Borrower: [Redacted] [Redacted]   Reviewer Comment (2019-03-01): " Per (Redacted) this is not correspondent loan and  Fraud requirement in guidelines is only for the Correspondent loans.  Issue cleared."


Buyer Comment (2019-03-01): The full guideline reads as follows: "x.xx Use of a Fraud Prevention Engine Required For a loan to be eligible for sale to (Redacted), a fraud prevention engine pull must be obtained from either DataVerify, CoreLogic, SAS - or from another fraud prevention engine which (Redacted), in its discretion, chooses to accept.  Each high-risk alert indicated by the engine pull must be addressed by the Lender."  This guideline is specific and directed at correspondent Lenders, as those are the loan files that would be "for sale to (Redacted)", not Retail/Wholesale transactions such as this.  Please review and clear.
 10/04/2018     1 A 9/XX/2018 CA Primary Purchase   C A C A C A A A Non QM Non QM No
206257492           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Initial Closing Disclosure dated [Redacted] was not received by the borrowers at least 3 business days prior to the closing date of [Redacted]. File is missing evidence of earlier receipt or a written and signed statement from the borrowers that waives the required waiting period.   Reviewer Comment (2019-03-01): Initial CD dated xx/xx/xxxx and proof of receipt received


Buyer Comment (2019-03-01): x/xx/xxxx CD for your review


Reviewer Comment (2019-03-01): (Redacted) received disclosure tracking information stating Initial CD viewed on xx/xx/xxxx.  Loan file contains Initial CD dated xx/xx/xxxx and Final CD dated xx/xx/xxxx.  Please provide Initial CD that corresponds to the xx/xx/xxxx document tracking details.


Buyer Comment (2019-03-01): Please see attached eDisclosure tracking.  Borrower received initial CD x/xx/xxxx and signed on xx/xx/xxxx.
 10/XX/2018  4:37:23 PM     1 A 9/XX/2018 CA Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
206257492           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.68320% or Final Disclosure APR of 6.70700% is in excess of allowable threshold of APOR 4.55% + 1.5%, or 6.05000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  10:45:19 AM 1 A 9/XX/2018 CA Primary Purchase   C A C A C A A A Non QM Non QM No
206257492           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 6.68320% or Final Disclosure APR of 6.70700% is in excess of allowable threshold of APOR 4.55% + 1.5%, or 6.05000%.  Compliant Higher Priced Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  10:45:33 AM 1 A 9/XX/2018 CA Primary Purchase   C A C A C A A A Non QM Non QM No
206257493           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ The [Redacted] Clutch [Redacted] [Redacted] Business Bank Statement is missing.  The statement is needed to complete the [Redacted] month bank statement income review.   Reviewer Comment (2019-03-01): Seller provided the x/xx/xxxx xxxx business bank statement.


Buyer Comment (2019-03-01): Uploaded (REDACTED) xxxx bank statement
 9/XX/2018  12:24:42 PM     1 A 9/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257493           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.99250% or Final Disclosure APR of 7.01800% is in excess of allowable threshold of APOR 4.75% + 1.5%, or 6.25000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     9/XX/2018  10:57:51 AM 1 A 9/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257493           Compliance Compliance Federal Compliance 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. The fee was disclosed on the Loan Estimate as Title-Survey and on the final CD as "Survey."   Reviewer Comment (2019-03-01): Survey fee was disclosed on the Loan Estimate as Title-Survey Fee and on the final CD as "Survey Fee."


Buyer Comment (2019-03-01): The Survey Fee was always disclosed, initial for $xxx, final indicates $xxx, this is a reduction in fee and therefore no refund would be required.  Please advise and/or clear this exception.
 9/XX/2018  7:17:28 PM     1 A 9/XX/2018 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
206257493           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. CHARM provided through Home Loan Toolkit which provides link to CHARM.  Outside Counsel agreeable to downgrade to EV2.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  12:57:20 PM 2 B 9/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257493           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Cure for various x% and [Redacted] tolerance violations was not provided.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  9:09:32 AM 2 B 9/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257493           Compliance Compliance Federal Compliance TRID Interim Closing Disclosure Timing Irregular Transactions TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on [Redacted] contains a change in APR, loan product or addition of prepayment penalty and was not received by borrower at least three (3) business days prior to consummation The AIR table of the closing disclosure issued [Redacted] was not completed and has caused a discrepancy.   Reviewer Comment (2019-03-01): (Redacted) received an attestation intermediate CD dated x/xx/xx was not sent to Borrower for review, used only for fee verification with title.


Buyer Comment (2019-03-01): Uploaded Attestation. CD was not sent to the borrower. It was provided to us from title to reflect title fees
 9/XX/2018  7:24:35 PM     1 A 9/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257493           Compliance Compliance Federal Compliance 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 lender credit was disclosed on the Loan Estimate as $-[Redacted][Redacted].  The final CD discloses a Lender credit of $-[Redacted].   Reviewer Comment (2019-03-01): (Redacted) received valid COC.


Buyer Comment (2019-03-01): Uploaded Relock Email and Lock Confirmation
 9/XX/2018  7:22:55 PM     1 A 9/XX/2018 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
206257493           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure. Seller's CD shows [Redacted] in seller paid closing costs, borrower's final CD shows [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  9:09:54 AM 2 A 9/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257493           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $x,xxx.xx plus 10% or $x,xxx.xx.  Insufficient or no cure was provided to the borrower. (0) The Deed Transfer Tax of [Redacted] appeared on the Final CD but was not disclosed on the Loan Estimate. Also the Title - Abstract/Title Search fee increased without a valid change of circumstance or cure provided to Borrower.   Reviewer Comment (2019-03-01): (Redacted) received an attestation that Deed tax is the same as State Tax Stamps and was initially disclosed on LE as same.


Buyer Comment (2019-03-01): The $xxxx.xx was disclosed on the intitial LE (included in the State Tax $xxxx.xx).
 9/XX/2018  7:27:54 PM     1 A 9/XX/2018 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
206257493           Compliance Compliance Federal Compliance 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. The Mortgage Broker Fee increased without a valid change of circumstance or cure provided to the Borrower.   Reviewer Comment (2019-03-01): (Redacted) received valid CO
 9/XX/2018  7:22:55 PM     1 A 9/XX/2018 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
206257493           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Unable to determine what the Loan Originator Compensation was based upon due to missing LO Originator/Broker Agreement.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  9:10:24 AM 2 B 9/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257493           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. No evidence in file confirming the ARM Disclosure was provided to the Borrower within x days of application.   Reviewer Comment (2019-03-01): Loan was disclosed as a fixed rate on the initial xxxx dated x/xx/xxxx and changed to ARM on (Redacted) LE disclosure dated (Redacted).


Buyer Comment (2019-03-01): Loan changed from FIXED to ARM on x/xx which is when Arm Disclosure was sent
 9/XX/2018  12:21:11 PM     1 A 9/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257493           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Fee Terminology TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on [Redacted] did not use the same fee terminology as the Loan Estimate. (Final/[Redacted]) Survey fee was disclosed on the Loan Estimate as Title-Survey Fee and on the final CD as "Survey Fee."   Buyer Comment (2019-03-01): waive
     10/XX/2018  9:12:08 AM 2 B 9/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257494           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits         10/XX/2018  11:58:29 AM     1 A 8/XX/2018 TX Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C A A A C A A A Non QM Non QM Yes
206257494           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided         10/XX/2018  11:56:10 AM     1 A 8/XX/2018 TX Primary Refinance - Cash-out - Debt Consolidation 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
206257494           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided         10/XX/2018  11:57:35 AM     1 A 8/XX/2018 TX Primary Refinance - Cash-out - Debt Consolidation 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
206257494           Compliance Compliance State Compliance (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender)         10/XX/2018  3:34:39 PM     1 A 8/XX/2018 TX Primary Refinance - Cash-out - Debt Consolidation To Remediate: Lender must either sign the AFMV.  Best practices would be to deliver to the borrower the required disclosure signed by the lender 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
206257494           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing           10/XX/2018  11:56:10 AM   1 A 8/XX/2018 TX Primary Refinance - Cash-out - Debt Consolidation Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
206257495           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted]% + 1.75%, or [Redacted]%.  Non-Compliant SubPrime Loan. New York Subprime Loan max APR is x% plus [Redacted] for a total fees $[Redacted].  Total fees and charges of [Redacted] exceeds max amount by [Redacted] or x.x%.   Reviewer Comment (2019-03-01): Lender provided (Redacted)  see page xxxx failed APR x.xxxx > threshold of x.xx% failed.


Buyer Comment (2019-03-01): Please see upload
 10/XX/2018  11:50:30 AM     1 A 9/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257495           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Demand Feature TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan contains a Demand Feature. (Final/[Redacted]) Final CD provided to the borrower on [Redacted] does not reflect whether loan has a demand feature or not.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  4:49:17 PM 2 B 9/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257495           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Document Preparation Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Lender provided a $[Redacted] credit on the borrower's final CD for the Doc Preparation fee to cure.       10/XX/2018  3:01:51 PM   1 A 9/XX/2018 NY Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
206257495           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) New York Subprime Loan: Counseling Disclosure not provided to borrower within three days of application. Counseling Disclosure not provided to borrower within three days of application.   Reviewer Comment (2019-03-01): (Redacted) provided on x(Redacted) reflects High-Rate Review "Fail", which changes to New York Subprime loan. New York Subprime Counseling Disclosure provided to borrower on xx/xx/xxxx.


Reviewer Comment (2019-03-01): Documentation provided does not signafy a sub-prime loan. Provide further documentation or New York Subprime Loan: Counseling Disclosure dated  within three days of application. Exception remains.


Buyer Comment (2019-03-01): The loan changed to Subprime. Please see uploaded documents and clear. Thank you


Reviewer Comment (2019-03-01): Seller provide New York Subprime Loan (Counseling Disclosure ) dated xx/xx/xxxx, application date is (Redacted). Exception remains.
 10/XX/2018  2:18:21 PM     1 A 9/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257495           Compliance Compliance State Compliance (State HPML Provision) New York Subprime Loan (Ability to Repay not Verified) New York Subprime Loan: 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 with fully-amortizing payment and taking into account  payments on any simultaneously-closed loans. Lender qualified at note rate versus fully indexed rate.   Reviewer Comment (2019-03-01): Lender used qualification rate of note rate. Per internal system printout provided.


Buyer Comment (2019-03-01): System reflects qualifying rate was used
 10/XX/2018  11:51:02 AM     1 A 9/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257496           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ Missing P& L for [Redacted] tax year reflecting earning from self-employment sources[Redacted] 26 months reserves > 6 months guideline minimum - borrowers have verified reserves of $187,897.00.

Creedit score is 736, 96 points > program requirement of 640.

DTI is 44.119%, 5.881% < program max of 50%.

56.122% LTV, 23.878% < program max of 80%		 Reviewer Comment (2019-03-01): Exception approval to permit no P&L for xxxx due to extension filed and borrower qualifies with xxxx returns.


Buyer Comment (2019-03-01): Exception Approval


Reviewer Comment (2019-03-01): P&L is required per guidelines due to most recent tax returns for xxxx has extension filed. YTD P&L in file, however missing xxxx P&L.


Buyer Comment (2019-03-01): xxxx P&Ls are not required
     10/XX/2018  1:28:04 PM 2 B 9/XX/2018 CA Investment Purchase   D B C B D B A A N/A N/A No
206257496           Credit Credit Credit Documentation Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Missing housing payment history for [Redacted] XXX and [Redacted] XXX.   Reviewer Comment (2019-03-01): Fraud report confirms no mortgage exists for xxxx XXX, as well.


Buyer Comment (2019-03-01): Please see attached CD, the property at xxxx XXX had no prior mortgages.  The total loan amount was $xxx,xxx, with a cost of $xx,xxx.xx, cash back to the Borrower in the amount of $xxx,xxx.xx.  Prior to this transaction the home was free and clear hence there is no VOM needed.


Reviewer Comment (2019-03-01): Accepting bank statement payment history for xxxx XXX VOR. However, still need mtg payment history for xxxx XXX. CD shows transaction as a Refinance, meaning there should be a prior mtg payment history. If property was free and clear, provide evidence of such prior to refinance.


Buyer Comment (2019-03-01): VOR documents were provided, what else is needed on xxxx N XXXXXX, the documents provided meet requirements?


Reviewer Comment (2019-03-01): VOR for xxxx N XXXXXX required. xxxx XXX CD dated xx/xx/xxxxx reflects loan purpose as Refinance. Need complete pay history for both mortgages. Exception remains.


Buyer Comment (2019-03-01): VOR information for xxxx N XXXXXX attached for your review.


Reviewer Comment (2019-03-01): VOR for xxxx N XXXXXX required, per lease in file dated xx/xx/xxxx, there would be a most recent x month history available for credit grade. xxxx XXX CD dated xx/xx/xxxxx reflects loan purpose as Refinance, purchase. Exception remains.


Buyer Comment (2019-03-01): Co Borrower just moved into XXXXXX See payments to XXXXXX for previous address of W xxth St #xxxx*** xxxx XXX is a Purchase there is no Mortgage being paid off


Reviewer Comment (2019-03-01): No VOR provided for xxxx N XXXXXX, just lease agreement. Only page x of CD provided for xxxx XXX, unable to match what mortgage on credit report was being paid off without page x to show payoffs.


Buyer Comment (2019-03-01): VOR B2


Buyer Comment (2019-03-01): Final HUD, Closing Disclosure for xxxx XXX,
 10/XX/2018  9:21:38 AM     1 A 9/XX/2018 CA Investment Purchase   D B C B D B A A N/A N/A No
206257496           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard insurance coverage of [Redacted] does not cover the lesser of the loan amount of [Redacted] and no less than [Redacted] of estimated cost new of [Redacted]. No evidence of replacement cost estimator in file.   Reviewer Comment (2019-03-01): Corrected HOI policy including replacement cost coverage.


Buyer Comment (2019-03-01): HOI Corrected


Reviewer Comment (2019-03-01): Replacement Cost Estimator provided with calculated value of $xxx,xxx.xx, coverage shortfall of $xxxx.xx. Exception remains.


Buyer Comment (2019-03-01): RCE
 10/XX/2018  2:17:33 PM     1 A 9/XX/2018 CA Investment Purchase   D B C B D B A A N/A N/A No
206257496           Compliance Compliance Federal Compliance Disbursement Date Missing Disbursement Date Missing: Evidence of disbursement date not found in file. Security Instrument Notary Date of [Redacted] used as disbursement date for compliance testing. Missing Final Closing Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/04/2018 2 B 9/XX/2018 CA Investment Purchase   D B C B D B A A N/A N/A No
206257496           Compliance Compliance Federal Compliance 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. Missing initial Loan Estimate and final Closing Disclosure.   Reviewer Comment (2019-03-01): Loan is a business purpose investment loan, it's not subject to RESPA or TRID and neither a CD nor HUD is required.


Buyer Comment (2019-03-01): Final HUD


Reviewer Comment (2019-03-01): Seller provided the estimated HUD dated x/xx/xxxx , please provide the final HUD.


Buyer Comment (2019-03-01): HUD -x
 10/XX/2018  12:40:57 PM     1 A 9/XX/2018 CA Investment Purchase   D B C B D B A A N/A N/A No
206257496           Compliance Compliance Federal Compliance Missing Final HUD-1:  Estimated HUD-1 Used For Fee Testing Missing Final HUD-1:  Estimated HUD-1 used for any applicable Federal, State or Local compliance testing. Final HUD for subject property is not in the loan file.   Reviewer Comment (2019-03-01): Final HUD for subject property provided for review.
 10/XX/2018  9:24:12 AM     1 A 9/XX/2018 CA Investment Purchase   D B C B D B A A N/A N/A No
206257497           Credit Loan Package Documentation Closing / Title Missing Document: Security Instrument not provided   Security Instrument is missing from loan docs   Reviewer Comment (2019-03-01): Seller provided to (Redacted) the Security Instrument signed and dated on x/xx/xxxx.


Buyer Comment (2019-03-01): For your review.
 9/XX/2018  3:06:02 PM     1 A 9/XX/2018 CA Investment Purchase   D B D A D B A A N/A N/A No
206257497           Credit Missing Document General Missing Document: Lease Agreement not provided   Missing Lease Agreement for rental property located at [Redacted] XXX.   Reviewer Comment (2019-03-01): Seller provided the corrected final xxxx with address as xxx N (REDACTED) - per Fraud xxxxx N (REDACTED) was not in the REO as a reflected in REO transactions.


Buyer Comment (2019-03-01): Uploaded for your review-corrected 1003


Reviewer Comment (2019-03-01): xxx N (REDACTED) appears on Schedule E of xxxx/xxxx xxxx's - please provide a revised final xxxx correcting from xxxxx N (REDACTED) to xxx N (REDACTED).


Buyer Comment (2019-03-01): This appears to be a typo with the correct property address being xxx N. (REDACTED). Income calculation for this was based on income reflected on xxxx tax returns schedule E. calculation. Guides required tax return or lease.
 10/XX/2018  4:58:44 PM     1 A 9/XX/2018 CA Investment Purchase   D B D A D B A A N/A N/A No
206257497           Credit Loan Package Documentation Closing / Title Missing Document: Rider - 1-4 Family not provided       Reviewer Comment (2019-03-01): Seller provided the -xx family  rider, arm and ppp riders signed and dated on x/xx/xxxx.


Buyer Comment (2019-03-01): Uploaded with Securirty Instrument.
 9/XX/2018  3:07:39 PM     1 A 9/XX/2018 CA Investment Purchase   D B D A D B A A N/A N/A No
206257497           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy.       Reviewer Comment (2019-03-01): Seller provided the settlement statement withe the xxxx exchange funds of xxx,xxx.xx and xxx,xxx.
 10/XX/2018  9:27:33 AM     1 A 9/XX/2018 CA Investment Purchase   D B D A D B A A N/A N/A No
206257497           Credit Assets Asset Calculation / Analysis Available for Closing is insufficient to cover Cash From Borrower.   Final closing statement in file shows deposits of [Redacted] that have not been sourced. Only deposit source was in the amount of [Redacted].   Reviewer Comment (2019-03-01): Seller provided the settlement statement withe the xxxx exchange funds of xxx,xxx.xx and xxx,xxx.
 10/XX/2018  9:27:38 AM     1 A 9/XX/2018 CA Investment Purchase   D B D A D B A A N/A N/A No
206257497           Compliance Compliance Federal Compliance 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.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     9/XX/2018  7:49:07 PM 2 B 9/XX/2018 CA Investment Purchase   D B D A D B A A N/A N/A No
206257497           Compliance Compliance Federal Compliance 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.     Reviewer Comment (2019-03-01): Seller provided the final HUD dated x/xx/xx


Buyer Comment (2019-03-01): Non Trid- see HUD-x.
 9/XX/2018  3:33:34 PM     1 A 9/XX/2018 CA Investment Purchase   D B D A D B A A N/A N/A No
206257497           Credit Assets Asset Documentation Earnest Money Deposit is unsourced.  Per guidelines EMD source is required.   Final closing statement in file shows deposits of [Redacted] + [Redacted] + [Redacted] for a total of [Redacted] that have not been sourced. Source of these deposits is required.   Reviewer Comment (2019-03-01): Bank account history provided to verify EMD's were sourced.


Buyer Comment (2019-03-01): Uploaded  for your review: (REDACTED) and (REDACTED) Business statements with (REDACTED) statement showing the $xxx,xxx wire to title company.


Reviewer Comment (2019-03-01): Missing sourced EMD's in the amount of xx,xxx and xxx,xxx - seller provided bank statements for buyer however these are not referenced. Exception remains


Buyer Comment (2019-03-01): The Exchange documentation was included in the original loan package, but uploaded again for review


Reviewer Comment (2019-03-01): Reviewed updated documentation provided. Actual xxxx exchange documentation was not included. Exception remains.


Buyer Comment (2019-03-01): Uploaded for your review-1031 Exchange document.
 10/XX/2018  11:19:59 AM     1 A 9/XX/2018 CA Investment Purchase   D B D A D B A A N/A N/A No
206257497           Compliance Loan Package Documentation Closing / Title (Doc Error) HUD Error:  Loan amount on page 3 of the  final HUD was not provided.       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     10/XX/2018  5:32:07 PM 2 B 9/XX/2018 CA Investment Purchase   D B D A D B A A N/A N/A No
206257497           Compliance Loan Package Documentation Closing / Title (Doc Error) HUD Error:  Loan term on page 3 of the  final HUD was not provided.       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  5:32:23 PM 2 B 9/XX/2018 CA Investment Purchase   D B D A D B A A N/A N/A No
206257497           Compliance Loan Package Documentation Closing / Title (Doc Error) HUD Error:  Principal, interest and MI payment on page 3 of the  final HUD was not provided.       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  5:32:38 PM 2 B 9/XX/2018 CA Investment Purchase   D B D A D B A A N/A N/A No
206257497           Compliance Loan Package Documentation Closing / Title (Doc Error) HUD Error:  Interest rate on page 3 of the  final HUD was not provided.       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  5:32:49 PM 2 B 9/XX/2018 CA Investment Purchase   D B D A D B A A N/A N/A No
206257497           Compliance Loan Package Documentation Closing / Title (Doc Error) HUD Error: Can your interest rate rise question on page 3 of the  final HUD was not provided.       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  5:33:03 PM 2 B 9/XX/2018 CA Investment Purchase   D B D A D B A A N/A N/A No
206257497           Compliance Loan Package Documentation Closing / Title (Doc Error) HUD Error: Escrow question on page 3 of the  final HUD was not provided.       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  5:33:15 PM 2 B 9/XX/2018 CA Investment Purchase   D B D A D B A A N/A N/A No
206257497           Compliance Loan Package Documentation Closing / Title (Doc Error) HUD Error: Balloon term question on page 3 of the  final HUD was not provided.       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  5:33:26 PM 2 B 9/XX/2018 CA Investment Purchase   D B D A D B A A N/A N/A No
206257497           Compliance Loan Package Documentation Closing / Title (Doc Error) HUD Error: Can your loan balance rise question on page 3 of the  final HUD was not provided.       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  5:33:38 PM 2 B 9/XX/2018 CA Investment Purchase   D B D A D B A A N/A N/A No
206257497           Compliance Loan Package Documentation Closing / Title (Doc Error) HUD Error: Prepayment penalty question on page 3 of the  final HUD was not provided.       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  5:33:49 PM 2 B 9/XX/2018 CA Investment Purchase   D B D A D B A A N/A N/A No
206257497           Compliance Loan Package Documentation Closing / Title (Doc Error) HUD Error: Can your monthly payment amount owed rise question on page 3 of the  final HUD was not provided.       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  5:33:59 PM 2 B 9/XX/2018 CA Investment Purchase   D B D A D B A A N/A N/A No
206257498           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   The Lender's Initial 1003 is missing from file, however, the final [Redacted] disclosed the application date.   Reviewer Comment (2019-03-01): Seller provided Lender's Initial xxxx dated xx/xx/xxxx.
 10/XX/2018  11:02:56 AM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C A A A C A A A Non QM Non QM No
206257498           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Primary/[Redacted]) There is no evidence provided in file confirming the Borrower was provided a copy of each valuation at least x days prior to closing.   Reviewer Comment (2019-03-01): Seller provided delivery certificate confirming appraisal delivery on xx/xx/xxx.
 10/XX/2018  11:06:34 AM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C A A A C A A A Non QM Non QM No
206257498           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).     Reviewer Comment (2019-03-01): Loan is Non-QM, not subject to QM points and fees test/


Reviewer Comment (2019-03-01): Waiting for response from CHD for guidance.
 10/XX/2018  2:12:43 PM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C A A A C A A A Non QM Non QM Yes
206257498           Compliance Compliance State Compliance (State HPML Provision) New York Subprime Loan (Change Fees) New York Subprime Loan: Mortgage loan contains possible impermissible modification or deferral fees. (Note: Only applies if original loan was also subprime.) Unable to determine if the original loan being paid off was also a subprime loan.   Reviewer Comment (2019-03-01): Given theXXXaccount was originated in (REDACTED) of xxxx, well before the NY subprime law came into effect, prior loan was not a subprime home loan.


Reviewer Comment (2019-03-01): Waiting for response from CHD for guidance.
 10/XX/2018  2:08:30 PM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C A A A C A A A Non QM Non QM No
206257498           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted]% + 1.75%, or [Redacted]%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): Given theXXXaccount was originated in (REDACTED) of xxxx, well before the NY subprime law came into effect, prior loan was not a subprime home loan.


Reviewer Comment (2019-03-01): Waiting for response from CHD for guidance.
 10/XX/2018  2:09:53 PM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C A A A C A A A Non QM Non QM No
206257499           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. (Final/[Redacted]) Finance Charge of [Redacted] is underdisclosed from calculated Finance Charge of [Redacted] in the amount of [Redacted].   Reviewer Comment (2019-03-01): Utilizing lowest index value within lookback period renders a Finance Charge and Top amount that are no longer under-disclosed.
 10/XX/2018  8:43:50 AM     1 A 9/XX/2018 CT 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 B C A C B A A Non QM Non QM Yes
206257499           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (Final/[Redacted]) Disclosure reflects TIP of [Redacted] but calculated TIP is [Redacted], which is outside of .[Redacted] tolerance.  Used Index Value = [Redacted] per lock confirmation document in file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  2:13:56 PM 2 B 9/XX/2018 CT Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257499           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Total of Payments that does not match the actual total of payments for the loan. (Final/[Redacted]) Disclosure reflects TOP of [Redacted] but calculated TOP of [Redacted].  Variance = [Redacted].  Used Index Value = [Redacted] per lock confirmation document in file.   Reviewer Comment (2019-03-01): Utilizing lowest index value within lookback period renders a Finance Charge and Top amount that are no longer under-disclosed.
 10/XX/2018  8:43:50 AM     1 A 9/XX/2018 CT Primary 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 C A C B A A Non QM Non QM Yes
206257499           Compliance Compliance Federal Compliance 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. (Type:Primary/[Redacted]) The file contained documentation verifying the borrower received a copy of the appraisal on [Redacted] which is prior to the revised appraisal date of [Redacted].  Missing documentation verifying the borrower received a copy of the updated appraisal.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  2:13:47 PM 2 B 9/XX/2018 CT Primary Purchase   C B C A C B A A Non QM Non QM No
206257499           Credit Data Verification General The Investor's qualifying total debt ratio is less than the Non-QM qualifying total debt ratio. Investor's qualifying DTI: ___
Non-QM qualifying DTI: ___		 Based on fully indexed rate + 1.25 for 7 year arm.   Reviewer Comment (2019-03-01): Review of rental income determined that taxes and insurance was included in PITI for xxx Pelhamdale, which was already included in HOA. Removed from calculation resulted in a DTI of xx.xx%.
 10/XX/2018  8:42:51 AM     1 A 9/XX/2018 CT Primary Purchase   C B C A C B A A Non QM Non QM No
206257499           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Based on fully indexed rate + 1.25 for 7 year arm. DTI > 50% maximum   Reviewer Comment (2019-03-01): Review of rental income determined that taxes and insurance was included in PITI for xxx Pelhamdale, which was already included in HOA. Removed from calculation resulted in a DTI of xx.xx%.


Buyer Comment (2019-03-01): Qualifying rate of x.xxx used @ xx.xxx% back end DTI.  Please provide breakdown of xx.xxxxx% total DTI calculated.
 10/XX/2018  8:41:45 AM     1 A 9/XX/2018 CT Primary Purchase   C B C A C B A A Non QM Non QM No
206257499           Compliance Compliance Federal Compliance 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 Risk. Based on fully indexed rate + 1.25 for 7 year arm. DTI > 50% maximum   Reviewer Comment (2019-03-01): Review of rental income determined that taxes and insurance was included in PITI for xxx Pelhamdale, which was already included in HOA. Removed from calculation resulted in a DTI of xx.xx%.
 10/XX/2018  8:41:58 AM     1 A 9/XX/2018 CT Primary Purchase Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM Yes
206257499           Compliance Compliance Federal Compliance 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. Based on fully indexed rate + 1.25 for 7 year arm. DTI > 50% maximum   Reviewer Comment (2019-03-01): Review of rental income determined that taxes and insurance was included in PITI for xxx Pelhamdale, which was already included in HOA. Removed from calculation resulted in a DTI of xx.xx%.
 10/XX/2018  8:42:05 AM     1 A 9/XX/2018 CT Primary Purchase   C B C A C B A A Non QM Non QM No
206257500           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  9:25:42 AM 2 B 09/04/2018 CA Primary Purchase   B B A A B B A A Non QM Non QM No
206257500           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure x/xx/xxxx 12:00:00 AM was received. (Interim/[Redacted]) Revised LE estimated receipt date is after the initial CD date.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  9:25:51 AM 2 B 09/04/2018 CA Primary Purchase No Defined Cure B B A A B B A A Non QM Non QM No
206257501           Compliance Compliance Federal Compliance 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.) (Final/ [Redacted]) Seller paid fees were not disclosed on either the Borrower's Final CD or the Seller's CD.   Reviewer Comment (2019-03-01): (Redacted) received the Condominium Offering Plan and Purchase Agreement. Exception cleared.


Reviewer Comment (2019-03-01): (Redacted) received the Seller CD.  Seller fees are not listed on Seller CD Total Closing Cost Section J is blank.  Reviewed Purchase Contract unable to determine if Buyer is responsible for all closing costs.  Purchase Contract Section x refers to closing costs set forth in the Offering Plan.  Please provide Offering Plan where details of closing costs arr provided or provided a detailed Seller's Closing Disclosure with seller paid fees.


Buyer Comment (2019-03-01): Seller CD
 10/XX/2018  4:21:32 PM     1 A 9/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257501           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Note loan amount of [Redacted] is greater than Guideline maximum loan amount of [Redacted].  Approved Lender Exception in file. Excellent credit with no late payments and no public records.

CoBorrower has employment stability for 19 years in the Technologies industry.

Borrower has job stability for 13 years as the XXX.

713 Fico, 13 points > program requirement of 700.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     10/XX/2018  3:57:49 PM 2 B 9/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257501           Compliance Compliance Federal Compliance TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. RESPA Servicing Disclosure in file was provided to the borrower on the date of consummation of [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  10:14:00 AM 2 B 9/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM Yes
206257501           Credit Credit AUS Discrepancy / Guidelines Discrepancy AUS Findings: All conditions were not met   Loan amount exceeds guides - lender exception Excellent credit with no late payments and no public records.

CoBorrower has employment stability for 19 years in the Technologies industry.

Borrower has job stability for 13 years as the XXX.

713 Fico, 13 points > program requirement of 700.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     10/XX/2018  4:01:38 PM 2 B 9/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257502           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-03-01): Approval dated xx/xx/xxxx was provided for review.
 10/XX/2018  7:50:23 AM     1 A 9/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257502           Credit System General Insurance address does not match Note address.   The evidence of insurance disclosed the property street as [Redacted]; the note disclosed [Redacted].   Reviewer Comment (2019-03-01): Updated not provided to reflect (REDACTED) as correct street name.
 10/XX/2018  7:56:03 AM     1 A 9/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257502           Credit System General Flood Certificate Subject Address does not match Note address.   The Flood Cerificate disclosed the property street as [Redacted]; the note disclosed [Redacted].   Reviewer Comment (2019-03-01): Updated not provided to reflect (REDACTED) as correct street name.


Buyer Comment (2019-03-01): Please see uploaded Note
 10/XX/2018  7:56:27 AM     1 A 9/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257502           Credit System General Valuation address does not match Note address. Valuation Type: Appraisal / Valuation Report Date: [Redacted], Valuation Type: Appraisal / Valuation Report Date: [Redacted], Valuation Type: Desk Review / Valuation Report Date: [Redacted] The Appraisals and Desk Review disclosed the property street as [Redacted]; the note disclosed [Redacted].   Reviewer Comment (2019-03-01): Updated not provided to reflect (REDACTED) as correct street name.


Buyer Comment (2019-03-01): Please see uploaded note
 10/XX/2018  7:56:47 AM     1 A 9/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257502           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted] and signed by the borrowers on [Redacted] which is the same day as closing.   Reviewer Comment (2019-03-01): (Redacted) received documentation indicating the xx/xx/xxxx CD was sent and received xx/xx/xxxx. Exception Cleared.


Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx CD signed on xx/xx/xxxx and disclosure tracking indicating an epackage received xx/xx/xxxx. The disclosure tracking does not indicate the disclosure received by borrower. Please provide documentation indicating the xx/xx/xxxx CD was included in the epackage to clear. Exception Stands.


Buyer Comment (2019-03-01): Initial was esigned
 10/XX/2018  12:21:36 PM     1 A 9/XX/2018 CA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257502           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  4:49:25 PM 2 B 9/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257502           Credit System General 1003 Subject Address does not match Note address.   Final [Redacted] reflects subject street as [Redacted] seller provided corrected note as [Redacted] - please provide updated [Redacted].   Reviewer Comment (2019-03-01): Received corrected xxxx. Condition cleared.
 10/XX/2018  8:53:23 AM     1 A 9/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257502           Credit System General AUS/Approval Subject Address does not match Note address.   Approval reflects subject street as [Redacted]seller provided corrected note as [Redacted]- please provide updated approval   Reviewer Comment (2019-03-01): Seller provided the revised approval
 10/XX/2018  12:18:25 PM     1 A 9/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257502           Credit System General Closing Disclosure Subject Address does not match Note address. Date Issued: [Redacted] / Relative Sequence Num: <empty>, Date Issued: [Redacted] / Relative Sequence Num: <empty> CD reflects address street as [Redacted] seller provided revised Note with street as [Redacted] please provide updated [Redacted]and [Redacted] CD.   Reviewer Comment (2019-03-01): Corrected CD's for x/xx and x/x provided with correct address street of (REDACTED).
 11/XX/2018  11:01:23 AM     1 A 9/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257503           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Neither the disclosure or the LE were provided.   Reviewer Comment (2019-03-01): LE's and CD's provided.
 10/XX/2018  10:51:19 AM     1 A 9/XX/2018 FL Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM Yes
206257503           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.27060% or Final Disclosure APR of 7.28500% is in excess of allowable threshold of APOR 4.55% + 1.5%, or 6.05000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): LE's and CD's provided.
 10/XX/2018  10:51:19 AM     1 A 9/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257503           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - HPML Status HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Neither the disclosure or the LE were provided.   Reviewer Comment (2019-03-01): LE's and CD's provided.


Buyer Comment (2019-03-01): Please see upload
 10/XX/2018  10:51:19 AM     1 A 9/XX/2018 FL Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM No
206257503           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  3:19:40 PM 2 B 9/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM Yes
206257503           Compliance Compliance Federal Compliance 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 three (3) business days of application. Disclosure provided at closing.   Reviewer Comment (2019-03-01): Affiliated Business Arrangement Disclosure dated xx/xx/xxxx was provided.
 10/XX/2018  11:17:23 AM     1 A 9/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257503           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Neither the disclosure or the LE were provided.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  3:20:16 PM 2 B 9/XX/2018 FL Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM Yes
206257503           Compliance Compliance Federal Compliance 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.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  3:21:11 PM 2 B 9/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257503           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. The e-sign consent documentation was not provided.   Reviewer Comment (2019-03-01): Esign Consent Agreement dated xx/xx/xxxx provided.
 10/XX/2018  10:33:03 AM     1 A 9/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257503           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) Page x of the final CD disclosed escrowed property costs over one year as [Redacted]; however, page x disclosed a monthly escrow amount of [Redacted] for an annual amount of [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation & Corrected Closing Disclosure


Reviewer Comment (2019-03-01): (Redacted) received PCCD dated xx/xx/xx with corrected Amount of Escrowed Property Costs over Year x.  Letter of explanation to the Borrower is required to cure.


Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure required to cure.  Post Close CD not provided.
   10/XX/2018  3:17:18 PM   2 B 9/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257503           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): xx% tolerance for Lender's Title Insurance, Copy of Fax Fee and Courier Fee added without a VCC.
     10/XX/2018  10:31:00 AM 2 B 9/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257503           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. The file did not contain evidence that the toolkit was provided to the borrower.   Reviewer Comment (2019-03-01): document provided.
 10/XX/2018  10:51:19 AM     1 A 9/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257503           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. The LE was not provided with the documents.   Reviewer Comment (2019-03-01): LE's and CD's provided.
 10/XX/2018  10:51:19 AM     1 A 9/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257503           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total [Redacted], while closing CD seller's fees total [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  10:31:17 AM 2 A 9/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257503           Compliance Compliance Federal Compliance 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. Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [Redacted] exceeds tolerance of [Redacted] including those paid by seller, missing proof of valid change, insufficient or no cure was provided to the borrower.   Reviewer Comment (2019-03-01): change of circumstance provided.
 10/XX/2018  10:51:19 AM     1 A 9/XX/2018 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
206257503           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.27060% or Final Disclosure APR of 7.28500% is in excess of allowable threshold of APOR 4.55% + 1.5%, or 6.05000%.  Compliant Higher Priced Mortgage Loan. Compliant Higher Priced Mortgage Loan.   Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     10/XX/2018  11:37:52 AM 1 A 9/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257503           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Please provide Settlement Service Provider List.   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): No new information was provided.
     10/XX/2018  10:31:46 AM 2 B 9/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257503           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $xxx.xx plus 10% or $xxx.xx.  Insufficient or no cure was provided to the borrower. (0) Seller paid $[Redacted] for transfer tax per sales contract.  Typical for FL purchase.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Reviewer Comment (2019-03-01): (Redacted) received Corrected CD and LOE.  Shipping label provided, but package is not yet in transit.  Need Copy of Refund Check and Proof of Delivery to cure.


Buyer Comment (2019-03-01): Please upload


Reviewer Comment (2019-03-01): Initial LE dated x/x/xx is the baseline for the Title- Lender's Insurance which was $x.xx and increased to $x,xxx.xx. TItle - Copy/Fax Fee and Title - Courier/Express Mail/Messenger Fee were both $x.xx and increased to $xx and $xxx, respectively.  No valid COC was found for the title fee change(s). A refund of $xxx.xx is due.  ($x,xxx.xx x xxx% = $x,xxx.xx - $x,xxx.xx ).


Reviewer Comment (2019-03-01): Ten Percent Tolerance is from Lender's Title Insurance, Copy of Fax fee and Courier Fees added without a VCC.  Exception was cleared in error.


Reviewer Comment (2019-03-01): Seller paid $xxxx for transfer tax per sales contract. Typical for FL purchase.
   11/XX/2018  9:08:04 PM   2 B 9/XX/2018 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
206257503           Compliance Compliance Federal Compliance 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 $0.00.  Insufficient or no cure was provided to the borrower. (7505) Collateral Desktop Analysis in the loan file is dated [Redacted] fee was added on [Redacted]. Timing Issue.   Reviewer Comment (2019-03-01): CDA is dated x/xx/xx and COC is dated x/xx/xx when fee was added to CD.
 10/XX/2018  12:39:50 PM     1 A 9/XX/2018 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
206257504           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   The Lender's Initial 1003 is missing from file, however, the Creditor Application Date was obtained through other documentation.   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): Lender's Initial xxxx is a required document EVx. Exception remains.


Buyer Comment (2019-03-01): This is a brokered loan, the 1003 is correct.


Reviewer Comment (2019-03-01): Seller provided the Brokers application dated x/xx/xxxx - no xxxx in the name of XXX
     10/XX/2018  1:13:40 PM 2 B 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257504           Compliance Compliance Federal Compliance TRID non-compliant:  Loan Estimate in file did not reflect an Issue Date.  The tentative testing has been performed on an estimated issue date   Confirmed Loan Estimate was issued to the Borrower on [Redacted] through other documentation in file, however, only pages [Redacted]of the Loan Estimate were provided. Data entry for page x was obtained through the other pages provided.   Reviewer Comment (2019-03-01): Initial LE was issued on x/xx/xx and signed on x/xx/xx.
 10/XX/2018  7:10:51 PM     1 A 9/XX/2018 CA Primary Refinance - Cash-out - Other Lender Attestation or other documentation to identify the date the LE was issued C B C B C B A A Non QM Non QM Yes
206257504           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Program guidelines allow a maximum LTV of [Redacted], however, a Lender Exception was granted and is documented in file allowing an increased LTV of [Redacted].No compensating factors provided - please provide origination exception request containing compensating factors. Borrower has self employment stability for 10 years in the medical industry, owning XXX for 8 years.

Reserves are 34 months, 22 months > program requirement of 12 months

Credit score is 749,29 points > program requirement of 720		 Reviewer Comment (2019-03-01): Lender exception approval for LTV of xx.x% vs program max of xx% provided on x(Redacted) and xx/xx/xxxx.


Buyer Comment (2019-03-01): Compensating factors are on the previously uploaded exception


Reviewer Comment (2019-03-01): Lender exception reflects loan amount of x,xxx,xxx.xx  xx.x% LTV note in file reflects x,xxx,xxx
     10/XX/2018  11:14:42 AM 2 B 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257504           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Program guidelines allow a maximum loan amount of [Redacted], however, a Lender Exception was granted allowing the subject loan amount of [Redacted]. No compensating factors provided - please provide origination exception request containing compensating factors. Borrower has self employment stability for 10 years in the medical industry, owning XXX for 8 years.

Reserves are 34 months, 22 months > program requirement of 12 months

Credit score is 749,29 points > program requirement of 720		 Reviewer Comment (2019-03-01): Lender exception approval for loan amount of $x,xxx,xxx.xx is greater than Guideline maximum loan amount of $x,xxx,xxx.xx, provided on x(Redacted) and xx/xx/xxxx.


Buyer Comment (2019-03-01): Compensating factors are on the previously uploaded exception


Reviewer Comment (2019-03-01): Lender exception reflects loan amount of x,xxx,xxx.xx note in file reflects x,xxx,xxx.
     10/XX/2018  11:16:46 AM 2 B 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257506           Credit Property - Appraisal Appraisal Documentation Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. Valuation Type: Appraisal / Valuation Report Date: [Redacted] 442 inspection not performed. The appraisal was subject to the furnace being serviced and the gutters cleaned.  The file contained a statement from the borrower that all repairs required in the contract were completed to his satisfaction (contract included both items from appraisal) and a paid invoice from a heating and A/C company.   Reviewer Comment (2019-03-01): Post-close appraisal with report date as xx/xx/xxxx and effective date as xx/xx/xxxx reflects "As-Is" condition.
 10/XX/2018  2:19:00 PM     1 A 9/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257506           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted]% + 1.75%, or [Redacted]%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): Duplicate.


Buyer Comment (2019-03-01): Please see upload
 10/XX/2018  1:24:46 PM     1 A 9/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257506           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. E-sign consent documentation not provided.   Reviewer Comment (2019-03-01): (Redacted) received evidence of e-Sign Agreement.
 10/XX/2018  7:50:14 PM     1 A 9/XX/2018 NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257506           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.40900% or Final Disclosure APR of 6.45200% is in excess of allowable threshold of APOR 4.75% + 1.5%, or 6.25000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     10/04/2018 1 A 9/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257506           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  9:21:45 AM 2 B 9/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM Yes
206257506           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) New York Subprime Loan: Counseling Disclosure not provided to borrower within three days of application. Disclosure does not disclose date provided; it was signed on [Redacted].
 The application was received on [Redacted].		   Reviewer Comment (2019-03-01): Received initial disclosure signed xx/xx/xxxx. Exception cleared
 10/XX/2018  1:24:46 PM     1 A 9/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257506           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) The CD disclosed that the loan is not assumable; the note disclosed that the loan is assumable.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  10:49:40 AM 2 B 9/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257506           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The Borrower's CD did not disclose the Title - Attorney Fee of [Redacted] and the Title - Closer Fee of [Redacted] that were disclosed on the Seller's CD.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  10:49:59 AM 1 A 9/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257506           Compliance Compliance Federal Compliance TRID non-compliant:  There is a partially completed TRID disclosure in file, which is insufficient to complete testing.   Page x of the final CD was not provided.   Reviewer Comment (2019-03-01): Page x of Final CD dated x/xx/xx was provided.
 10/XX/2018  9:07:38 PM     1 A 9/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Disclosure C B C A C B A A Non QM Non QM Yes
206257506           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. ARM disclosure provided [Redacted] > application date plus 3 days [Redacted]   Reviewer Comment (2019-03-01): Received initial disclosure signed xx/xx/xxxx. Exception cleared
 10/XX/2018  1:24:46 PM     1 A 9/XX/2018 NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257506           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted]% + 1.75%, or [Redacted]%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  9:21:58 AM 2 B 9/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257506           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. y   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  9:22:13 AM 2 B 9/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257506           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Costs Subtotals Borrower Paid - At Closing TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed Total Closing Costs (Paid by Borrower at Closing) that does not match sum of fees. (Final/[Redacted]) Total Closing Costs (Borrower Paid) Section J disclosed as [Redacted] is not accurate.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  9:22:29 AM 2 B 9/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257506           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Costs Subtotals Borrower Paid - Before Closing TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed Total Closing Costs (Paid by Borrower Before Closing) that does not match sum of fees. (Final/[Redacted]) Total Closing Costs (Paid by Borrower Before Closing) on page x that does not match sum of fees on page x.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  9:22:41 AM 2 B 9/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257507           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).     Buyer Comment (2019-03-01): (Redacted) has elected to waive this item.
     10/XX/2018  10:14:10 AM 2 B 9/XX/2018 RI Second Home Purchase   C B A A C B A A Non QM Non QM Yes
206257507           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this item.
     10/XX/2018  10:14:24 AM 2 B 9/XX/2018 RI Second Home Purchase   C B A A C B A A Non QM Non QM No
206257507           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Evidence of earlier receipt missing from file, initial CD not signed by borrower.   Reviewer Comment (2019-03-01): disclosure tracking details provided


Buyer Comment (2019-03-01): Tracking for x/xx CD has been uploaded for your review.
 10/XX/2018  8:37:54 AM     1 A 9/XX/2018 RI Second Home Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257507           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) All seller paid fees captured from Seller CD, none shown on Borrower CD.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this item.
     10/XX/2018  10:14:40 AM 2 A 9/XX/2018 RI Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257507           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): This is a wholesale loan, therefore only Broker 1003.


Reviewer Comment (2019-03-01): xxxx provided is broker initial xxxx, not lenders. Exception remains.


Buyer Comment (2019-03-01): Initial xxxx has uploaded for your review.
     10/XX/2018  6:09:00 PM 2 B 9/XX/2018 RI Second Home Purchase   C B A A C B A A Non QM Non QM No
206257508           Credit Missing Document General Incomplete Document: Closing Disclosure is incomplete   Closing Disclosure is Incomplete. Page x for Closing Disclosure issued  [Redacted]  is not in file   Reviewer Comment (2019-03-01): CD dated x/xx, all pages have been provided.


Buyer Comment (2019-03-01): CD x/xx All pages


Reviewer Comment (2019-03-01): CD provided is xx/xx/xxxx, page x is needed for CD dated xx/xx/xxxx, as per exception details. Exception remains.


Buyer Comment (2019-03-01): CD all pages
 10/XX/2018  7:41:03 AM     1 A 9/XX/2018 FL Primary Purchase   D B D B C B A A Non QM Non QM No
206257508           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   Missing Lender's initial [Redacted]   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception


Buyer Comment (2019-03-01): Please waive
     10/XX/2018  4:39:12 PM 2 B 9/XX/2018 FL Primary Purchase   D B D B C B A A Non QM Non QM No
206257508           Credit Loan Package Documentation Application / Processing Missing Document: Purchase Agreement / Sales Contract not provided   Pur[Redacted]Agreement not provided   Reviewer Comment (2019-03-01): Received purchase agreement and addendum. Condition cleared.


Buyer Comment (2019-03-01): Correct Purchase agreement


Reviewer Comment (2019-03-01): Updated Purchase Agreement not provided.


Reviewer Comment (2019-03-01): Most recent purchase contract uploaded is for wrong address (xxxxx), subject property address is xxxxx.


Buyer Comment (2019-03-01): CD all pages,Purchase contract
 10/XX/2018  6:31:41 AM     1 A 9/XX/2018 FL Primary Purchase   D B D B C B A A Non QM Non QM No
206257508           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower. Anti Steering Disclosure was not provided   Reviewer Comment (2019-03-01): Mortgage broker fee disclosure provided to satisfy LO compensation and Anti-steering requirements.


Buyer Comment (2019-03-01): CD all pages,Purchase contract,Broker Fee
 10/XX/2018  12:19:47 PM     1 A 9/XX/2018 FL Primary Purchase   D B D B C B A A Non QM Non QM No
206257508           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator disclosure was not provided   Reviewer Comment (2019-03-01): Mortgage broker fee disclosure provided to satisfy LO compensation and Anti-steering requirements.
 10/XX/2018  12:19:57 PM     1 A 9/XX/2018 FL Primary Purchase   D B D B C B A A Non QM Non QM No
206257508           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Not provided, field blank.   Reviewer Comment (2019-03-01): Final ALTA Settlement Statement Provided.  Endorsement Fees disclosed on LE in Section B and C. No violation for x% tolerance as fee was less than disclosed on LE and fee in Section C was within  xx% variance.
 10/XX/2018  4:42:22 PM     1 A 9/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B C B A A Non QM Non QM Yes
206257508           Compliance Compliance Federal Compliance 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 of [Redacted] exceeds tolerance of x. No cure was provided to borrower   Reviewer Comment (2019-03-01): change of circumstance provided.


Buyer Comment (2019-03-01): COC x/xx
 10/XX/2018  4:22:44 PM     1 A 9/XX/2018 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 B C B A A Non QM Non QM Yes
206257508           Compliance Compliance Federal Compliance 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 [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Endorsement fees increased without VCC, no cure provided.   Reviewer Comment (2019-03-01): Final ALTA Settlement Statement Provided.  Endorsement Fees disclosed on LE in Section B and C. No violation for x% tolerance as fee was less than disclosed on LE and fee in Section C was within  xx% variance.


Buyer Comment (2019-03-01): COC x/xx,HUD x


Reviewer Comment (2019-03-01): LE's have Title - Endorsement Fee listed in Section B and Section C. Final CD has x Title - Endorsement Fee's listed in Section B (both fees paid to same provider North American Title).  Unable to determine which Title - Endorsement Fee's were non shopable.  Please provided breakdown of the Title - Endorsement Fee that the borrower was not allowed to shop as well as Final ALTA Settlement statement.  Thanks


Buyer Comment (2019-03-01): Shouldn't this be a xx% tolerance item and see LEs there are x Title Endorsement Fees x under Services you cannot shop for and Services you can shop for. Please advise
 10/XX/2018  4:42:22 PM     1 A 9/XX/2018 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 B C B A A Non QM Non QM Yes
206257508           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Assumable ARM loan, final CD shows no assumption.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception


Buyer Comment (2019-03-01): Please waive
     10/XX/2018  4:39:34 PM 2 B 9/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B C B A A Non QM Non QM Yes
206257508           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) All seller paid fees captured from Seller CD, none shown on Borrower CD.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception


Buyer Comment (2019-03-01): Please waive
     10/XX/2018  4:39:41 PM 2 A 9/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B C B A A Non QM Non QM Yes
206257508           Credit Insurance Insurance Documentation Flood Insurance Error: Policy number is not provided.   Flood binder does not contain policy number.   Reviewer Comment (2019-03-01): Updated flood insurance policy with policy number provided.


Buyer Comment (2019-03-01): Flood Dec


Reviewer Comment (2019-03-01): Flood Ins policy application is not acceptable, per page x of doc, this is a quote, not a binder or final policy. Exception remains.
 10/XX/2018  7:49:05 AM     1 A 9/XX/2018 FL Primary Purchase   D B D B C B A A Non QM Non QM No
206257508           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Lender used [Redacted] vacancy factor for rental income, when using [Redacted] our income is lower and exceeds [Redacted] max of [Redacted]. Borrower has self employment stability for 7 years in the same line of business for 37 years.

Credit score of 711, 71 points >program requirement of 640

75% LTV < 85% guideline max -  $83182.00 more equity than required by program guidelines		 Reviewer Comment (2019-03-01): Lender provided exception approval for DTI of xx.xxx%, guideline max is xx%.


Buyer Comment (2019-03-01): Credit exception uploaded for your review.


Reviewer Comment (2019-03-01): No additional information has been provided.
     10/XX/2018  7:14:02 AM 2 B 9/XX/2018 FL Primary Purchase   D B D B C B A A Non QM Non QM No
206257508           Credit Credit AUS Discrepancy / Guidelines Discrepancy AUS Findings: All conditions were not met   DTI exceeds max due to lower rental income calc. Borrower has self employment stability for 7 years in the same line of business for 37 years.

Credit score of 711, 71 points >program requirement of 640

75% LTV < 85% guideline max -  $83182.00 more equity than required by program guidelines		 Reviewer Comment (2019-03-01): Lender provided exception approval for DTI of  xx.xxx%, program max is xx%.


Buyer Comment (2019-03-01): Credit Exception uploaded for your review.
     10/XX/2018  7:18:43 AM 2 B 9/XX/2018 FL Primary Purchase   D B D B C B A A Non QM Non QM No
206257508           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ Missing Feb. [Redacted] for business account [Redacted].   Reviewer Comment (2019-03-01): Feb. xxxx business b/s provided for income.


Buyer Comment (2019-03-01): Feb xxxx Bank Statement for acct ending xxxx uploaded for your review. Thank you.


Reviewer Comment (2019-03-01): Statement not yet provided.
 10/XX/2018  7:16:25 AM     1 A 9/XX/2018 FL Primary Purchase   D B D B C B A A Non QM Non QM No
206257508           Compliance Compliance Federal Compliance 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 Risk. ATR risk due to exceeding program max DTI of 50% due to lower rental income than lender calc.   Reviewer Comment (2019-03-01): Lender has elected to waive the DTI


Reviewer Comment (2019-03-01): Incorrectly waived


Reviewer Comment (2019-03-01): error


Reviewer Comment (2019-03-01): Lender provided exception approval for DTI of  xx.xxx%, program max is xx%.


Buyer Comment (2019-03-01): Credit exception has been uploaded under the credit exception, please review for clearance.
 10/XX/2018  9:11:25 AM     1 A 9/XX/2018 FL Primary Purchase Lender to provide updated ATR/QM status D B D B C B A A Non QM Non QM Yes
206257508           Compliance Compliance Federal Compliance 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. ATR risk due to exceeding program max DTI of 50% due to lower rental income than lender calc.   Reviewer Comment (2019-03-01): Lender provided exception approval for DTI of  xx.xxx%, program max is xx%.


Buyer Comment (2019-03-01): Exception was uploaded under credit exception item, please review for clearance.
 10/XX/2018  7:19:39 AM     1 A 9/XX/2018 FL Primary Purchase   D B D B C B A A Non QM Non QM No
206257509           Credit Credit Miscellaneous Credit Exception:   Lender acknowledged exception for Certificate of Occupancy not issued.  Registered Architect has certified completion of all work in accordance with XXX's self-certification. (Professional Certification) Borrower has not had a credit late payment on non-mortgage account in the past 8 months (since 11/2017) and has low balance to limit ratios on all revolving account.

Borrower has been self-employed as XXX XXX for the past 11 years with 15 years in the same line of work.

Borrower has a perfect mortgage history, no late payments since inception

Credit score is 687, 7 points > program requirement of 680		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     10/XX/2018  9:07:25 AM 2 B 9/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257509           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Calculated investor qualifying total debt ratio of 50.50119% exceeds Guideline total debt ratio of 50.00000%.  Approved Lender exception in file. Borrower has not had a credit late payment on non-mortgage account in the past 8 months (since 11/2017) and has low balance to limit ratios on all revolving account.

Borrower has been self-employed as XXX XXX for the past 11 years with 15 years in the same line of work.

Borrower has a perfect mortgage history, no late payments since inception

Credit score is 687, 7 points > program requirement of 680		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     10/XX/2018  9:07:35 AM 2 B 9/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257509           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing [Redacted]'s.  Guidelines require most recent tax returns for a self employed borrower.  Extension for [Redacted] is documented and [Redacted] transcripts are in file, however, guidelines are silent on whether transcripts can be used in lieu of actual returns.   Reviewer Comment (2019-03-01): xxxx xxxx's provided, per guidelines.
 10/XX/2018  8:23:50 AM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257509           Compliance Compliance Federal Compliance 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. H-x Right to Cancel form was used on a refinance transaction by the same creditor.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  11:37:52 AM 2 B 9/XX/2018 NY 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
206257509           Compliance Compliance Federal Compliance 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. Non QM risk factor does not match ATR risk factor due to DTI exceeding [Redacted].  Approved Lender exception is in file.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
 10/XX/2018  9:11:42 AM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
206257509           Compliance Compliance Federal Compliance 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. Non QM risk factor does not match ATR risk factor due to DTI exceeding [Redacted].  Approved Lender exception is in file.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
 10/XX/2018  9:08:51 AM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257509           Compliance Compliance Miscellaneous Compliance Loan Program Info Disclosure is missing   Final Closing Disclosure signed by the borrower on [Redacted] incorrectly listed an issue date of [Redacted] which was also the date of disbursement.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  11:38:05 AM 2 B 9/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257509           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) Monthly escrows of [Redacted] over [Redacted] months is [Redacted] yet final CD dated [Redacted] reflects [Redacted].   Reviewer Comment (2019-03-01): A post closing CD dated xx/xx/xxxx along with a letter to the borrower explaining the error was provided. Exception is cured.


Reviewer Comment (2019-03-01): (Redacted) received page x of the post close cd.  Please provide all pages and letter of explanation to borrower to cure.


Buyer Comment (2019-03-01): See attached  page  x of x reflecting  the correct escrow of $xx,xxx,.xx
xx months xxxxx.xx=xxxxx.xx
   10/XX/2018  12:14:48 PM   2 B 9/XX/2018 NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257509           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure x/xx/xxxx 12:00:00 AM was received. (Interim/[Redacted]) Revised LE dated [Redacted] was received and acknowledged electronically by the borrower on [Redacted] the same day the initial CD dated [Redacted] was received and electronically acknowledged by the borrower.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  11:38:17 AM 2 B 9/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206257510           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception. Chose without comp factor.


Buyer Comment (2019-03-01): Please waive
     10/XX/2018  3:21:33 PM 2 B 9/XX/2018 FL Second Home Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257510           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage of [Redacted] is < loan amount [Redacted] and [Redacted] of the estimated cost new [Redacted] per guides.   Reviewer Comment (2019-03-01): Replacement cost Estimator provided with a value of $xxx,xxx.xx


Buyer Comment (2019-03-01): RCE
 10/XX/2018  2:41:25 PM     1 A 9/XX/2018 FL Second Home Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257510           Credit Legal / Regulatory / Compliance Title / Lien Defect Title Policy Coverage is less than Original Loan Amount.       Reviewer Comment (2019-03-01): Updated preliminary title provided with corrected policy amount of $xxx,xxx.xx.


Buyer Comment (2019-03-01): Title loan amount corrected
 10/XX/2018  3:27:23 PM     1 A 9/XX/2018 FL Second Home Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257510           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Non escrowed property costs for HOA is disclosed as [Redacted]; however the annual HOA fee is [Redacted].   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure provided.


Buyer Comment (2019-03-01): PCCD,LOX,Label


Buyer Comment (2019-03-01): PCCD,LOX


Buyer Comment (2019-03-01): PCCD
   10/XX/2018  5:10:44 PM   2 B 9/XX/2018 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
206257510           Compliance Compliance Federal Compliance 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 three (3) business days of application. Evidence of earlier receipt missing from file.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     10/XX/2018  8:46:27 AM 2 B 9/XX/2018 FL Second Home Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257510           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Captured as disclosed, $[Redacted].  This consists of cures for processing fee and transfer tax, however no cure was provided for broker fee overage and thus this figure is not accurate.   Reviewer Comment (2019-03-01): Sufficient or excess cure was provided to the borrower at Closing.  Change of circumstance provided for loan amount increase.


Reviewer Comment (2019-03-01): This exceptions is tied to Zero and xx% tolerance cures, it can be waived at a later time  if needed.


Buyer Comment (2019-03-01): Please waive
 10/XX/2018  11:28:59 AM     1 A 9/XX/2018 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
206257510           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Evidence of earlier receipt missing from file, initial CD not signed by borrowers.   Reviewer Comment (2019-03-01): document tracking details provided.


Buyer Comment (2019-03-01): CD Tracking
 10/XX/2018  4:11:59 PM     1 A 9/XX/2018 FL Second Home Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206257510           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing from file.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     10/XX/2018  8:46:35 AM 2 B 9/XX/2018 FL Second Home Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257510           Compliance Compliance Federal Compliance 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 for overage, broker fee increased without VCC on [Redacted] LE.   Reviewer Comment (2019-03-01): Sufficient or excess cure was provided to the borrower at Closing.  Change of circumstance provided for loan amount increase.
 10/XX/2018  11:28:59 AM     1 A 9/XX/2018 FL 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 A C B A A Non QM Non QM Yes
206257510           Compliance Compliance Federal Compliance 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. [Redacted]cure provided for processing fee and transfer tax overages.   Reviewer Comment (2019-03-01): Sufficient or excess cure was provided to the borrower at Closing.  Change of circumstance provided for loan amount increase.


Buyer Comment (2019-03-01): COC, LE


Buyer Comment (2019-03-01): COC


Reviewer Comment (2019-03-01): Please provide change of circumstance for loan amount increase on xx/xx/xxxx LE and this exception should clear.


Buyer Comment (2019-03-01): Processing Fee was cured on Final CD under Lender credits page x line J
 10/XX/2018  11:28:59 AM     1 A 9/XX/2018 FL 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 A C B A A Non QM Non QM Yes
206257510           Compliance Compliance Federal Compliance 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. [Redacted]cure provided for processing fee and transfer tax overages.   Reviewer Comment (2019-03-01): Sufficient or excess cure was provided to the borrower at Closing.  Change of circumstance provided for loan amount increase.


Reviewer Comment (2019-03-01): Please provide change of circumstance for loan amount increase on xx/xx/xxxx LE and this exception should clear.


Buyer Comment (2019-03-01): Transfer Tax cured Final CD page 2 line J
 10/XX/2018  11:28:59 AM     1 A 9/XX/2018 FL 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 A C B A A Non QM Non QM Yes
206257510           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Processing Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Sufficient or excess cure was provided to the borrower at Closing.       10/XX/2018  11:28:59 AM   1 A 9/XX/2018 FL Second Home Refinance - Cash-out - Other Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
206257510           Compliance Compliance Federal Compliance 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. Sufficient or excess cure was provided to the borrower at Closing.       10/XX/2018  11:28:59 AM   1 A 9/XX/2018 FL Second Home Refinance - Cash-out - Other Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
206257511           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing the complete [Redacted] bank statement analysis as required per loan program - file is missing complete [Redacted] month deposit analysis   Reviewer Comment (2019-03-01): Bank statement analysis provided and reviewed.


Buyer Comment (2019-03-01): Please see attached income calculator.
 10/XX/2018  10:51:27 AM     1 A 9/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257511           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.71680% or Final Disclosure APR of 6.72200% is in excess of allowable threshold of APOR 4.79% + 1.5%, or 6.29000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     10/XX/2018  10:57:23 AM 1 A 9/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257511           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 6.71680% or Final Disclosure APR of 6.72200% is in excess of allowable threshold of APOR 4.79% + 1.5%, or 6.29000%.  Compliant Higher Priced Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     10/XX/2018  10:57:28 AM 1 A 9/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257511           Compliance Compliance Federal Compliance 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.) (Final/ [Redacted]) Borrower and Seller's CD's do not reflect any Seller Fees   Reviewer Comment (2019-03-01): Seller CD provided.


Buyer Comment (2019-03-01): Please see attached revised Final CD with seller fees. LOX and mailing Label.
 10/XX/2018  1:58:51 PM     1 A 9/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257511           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Missing proof of timely receipt   Reviewer Comment (2019-03-01): disclosure tracking details provided.


Buyer Comment (2019-03-01): Please see attached evidence of initial CD timing.
 10/XX/2018  10:14:20 AM     1 A 9/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257511           Compliance Compliance Federal Compliance 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 three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:Primary/[Redacted]) Valuation received [Redacted] > note date [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  12:46:36 PM 2 B 9/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257511           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  12:46:54 PM 2 B 9/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257511           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Seller Fee's not listed on the borrower's Final CD.  Post Close CD and Letter of Explanation provided.   Reviewer Comment (2019-03-01): Post Close CD and Letter of Explanation provided.
   10/XX/2018  1:59:05 PM   2 A 9/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257511           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Lender approved Guideline variance approved by lender at time of origination. Borrower has been self-employed as XXX XXX for the past 7 years and has been in the same line of work for the past 18 years.

Guideline variance approved by lender at time of origination. No credit late payments since Ch 7 BK was dismissed in 10/2011

Guideline variance approved by lender at time of origination. Credit score is 753, 53 points > program requirement of 700

Guideline variance approved by lender at time of origination.  DTI is 16.196%, 26.804% < program maximum of 43%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     10/XX/2018  8:40:45 AM 2 B 9/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257512           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Buyer Comment (2019-03-01): (Redacted) Has elected to waive this exception.
     10/XX/2018  8:55:01 AM 2 B 9/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257512           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Final CD and [Redacted] show monthly HOA dues of [Redacted] but appraisals in file do not show subject is a PUD, HOA dues not captured.   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure provide.  Updated appraisal confirms HOA fee.


Buyer Comment (2019-03-01): Please see attached revised, Appraisal showing PUD and correct HOA Dues.  Evidence of the HOA Dues and revised xxxx,xxxx and PCCD, LOX and Label.
   10/XX/2018  5:03:06 PM   2 B 9/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257512           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) All seller paid fees captured from Seller CD, none shown on Borrower CD.   Buyer Comment (2019-03-01): (Redacted) Has elected to waive this exception.
     10/XX/2018  8:55:36 AM 2 A 9/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257512           Credit Credit Miscellaneous Credit Exception:   Borrower is employed by [Redacted]for one year as [Redacted]. Exception is to allow use of increased base salary as evidenced by paystubs to qualify which is higher than income average. Lender approved. On the current job 1 year, in the industry 12 years.  Boost in salary is due to recent CEO.

35.12 months reserves > 3 months guideline minimum

Credit score is 799, 79 points > program requirement of 720

LTV is 75.00000%, 5% < program max of 80%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on the compensating factors.
     10/XX/2018  10:39:31 AM 2 B 9/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257512           Property Property - Appraisal Appraisal Documentation The property type differs between the valuation documents in file. Unable to verify the property type.  Ineligible per guidelines.   2 appraisals completed on property - appraisal for [Redacted] was updated to a PUD from SFR and now additional appraisal for [Redacted] reflects SFR.   Reviewer Comment (2019-03-01): Updated appraisals provided reflecting correct property type as PUD.


Buyer Comment (2019-03-01): Please see corrected xnd appraisal
 10/XX/2018  12:20:04 PM     1 A 9/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257513           Compliance Loan Package Documentation Closing / Title Missing Document: Note - Subject Lien not provided   Missing subject lien Note.   Reviewer Comment (2019-03-01): (Redacted) received note.
 10/XX/2018  8:12:51 PM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257513           Credit Loan Package Documentation Closing / Title Missing Document: Security Instrument not provided   Missing subject loan Security Instrument.   Reviewer Comment (2019-03-01): (Redacted) received Security instrument.
 10/XX/2018  8:12:40 PM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257513           Credit Loan Package Documentation Application / Processing Missing Document: Missing Final 1003   Missing Lender's final [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received final xxxx.
 10/XX/2018  8:13:07 PM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257513           Compliance Compliance Federal Compliance Disbursement Date Missing Disbursement Date Missing: Evidence of disbursement date not found in file. Note Date of [Redacted] used as disbursement date for compliance testing. Missing Subject Lien Note, Security Instrument, and Closing Disclosure to determine date of disbursement.  Lender approval dated [Redacted] was used for compliance testing.   Reviewer Comment (2019-03-01): (Redacted) received Note, SI and CD.


Buyer Comment (2019-03-01): Please see upload
 10/XX/2018  7:44:55 PM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257513           Compliance Compliance Federal Compliance RESPA -  Initial Escrow Account Statement Missing RESPA: Initial escrow account statement was not provided to the borrower. Missing Initial Escrow Disclosure.   Reviewer Comment (2019-03-01): (Redacted) received Note, SI, IEAD and CD.
 10/XX/2018  7:44:55 PM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM Yes
206257513           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Closing Disclosures in the Loan File TILA-RESPA Integrated Disclosure: Closing Disclosure not provided or Closing Disclosure not provided prior to closing.  Any applicable Federal, State or Local compliance testing is unreliable or not performed. The file did not contain any Closing Disclosures.   Reviewer Comment (2019-03-01): (Redacted) received Note, SI, IEAD and CD.
 10/XX/2018  7:44:55 PM     1 A 10/XX/2018 NY Primary Purchase No Defined Cure D B D A D B A A Non QM Non QM No
206257513           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. The e-sign consent documentation was not provided.   Reviewer Comment (2019-03-01): (Redacted) received Note, SI, IEAD and CD.
 10/XX/2018  7:44:55 PM     1 A 10/XX/2018 NY Primary Purchase No Defined Cure D B D A D B A A Non QM Non QM No
206257513           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. The file did not contain evidence that the Home Loan Toolkit was provided to the borrower.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  2:18:23 PM 2 B 10/XX/2018 NY Primary Purchase No Defined Cure D B D A D B A A Non QM Non QM No
206257513           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Processing fee increased $[Redacted] and Appraisal Fee increased $[Redacted], a refund of $[Redacted] is due unless a valid COC is available.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  9:47:19 AM 2 B 10/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257513           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) [Redacted] received only 1 CD and it is the final CD issued on [Redacted] and closing is on 10/XX/18.  Borrower did not have 3 business days to review.   Reviewer Comment (2019-03-01): (Redacted) received evidence of initial CD signed on xx/x/xx.
 10/XX/2018  6:00:51 PM     1 A 10/XX/2018 NY Primary Purchase No Defined Cure D B D A D B A A Non QM Non QM No
206257513           Compliance Compliance Federal Compliance 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. Processing fee increased $[Redacted].  Provide a valid COC or a refund is due.   Reviewer Comment (2019-03-01): (Redacted) received letter of explanation, proof of delivery, copy of refund check, and corrected CD.


Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation and Corrected CD. Proof of Delivery and Copy of Refund Check is required to cure.
   10/XX/2018  2:31:14 PM   2 B 10/XX/2018 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 D B A A Non QM Non QM Yes
206257513           Compliance Compliance Federal Compliance 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 $ [Redacted].  Provide a valid COC or a refund is due.   Reviewer Comment (2019-03-01): (Redacted) received letter of explanation, proof of delivery, copy of refund check, and corrected CD.


Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation and Corrected CD. Proof of Delivery and Copy of Refund Check is required to cure.
   10/XX/2018  2:31:36 PM   2 B 10/XX/2018 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 D B A A Non QM Non QM Yes
206257513           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.03500% or Final Disclosure APR of 7.07800% is in excess of allowable threshold of APOR 4.57% + 2.5%, or 7.07000%.  Compliant Higher Priced Mortgage Loan. .   Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     10/XX/2018  10:36:56 AM 1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257513           Compliance Compliance Federal Compliance TIL Higher Priced Mortgage Loan Safe Harbor TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. .   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  9:47:36 AM 2 B 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257513           Credit Assets Asset Calculation / Analysis Available for Closing is insufficient to cover Cash From Borrower.       Reviewer Comment (2019-03-01): Seller provided evidence of the EMD's totaling xxx,xxx. from x/xx/xxxx and x/xx/xxxx.


Reviewer Comment (2019-03-01): The most recent upload of EMD receipt is not x separate deposits of $xxx,xxx.xx, it's x wire transfers, one for $xx,xxx.xx and $xxx,xxx.xx for a total of $xxx,xxx.xx from Buyers attorney to Sellers Attorney. Exception remains.


Buyer Comment (2019-03-01): There were x EMD's of $xxx,xxx.xx totaling $xxx,xxx.xx. Please clear
 10/XX/2018  2:02:47 PM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257513           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy.       Reviewer Comment (2019-03-01): Seller provided evidence of the EMD's totaling xxx,xxx. from x/xx/xxxx and x/xx/xxxx.


Reviewer Comment (2019-03-01): Exception remains


Buyer Comment (2019-03-01): Please see upload
 10/XX/2018  2:02:55 PM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257514           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.32640% or Final Disclosure APR of 6.33300% is in excess of allowable threshold of APOR 4.71% + 1.5%, or 6.21000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     10/XX/2018  10:58:19 AM 1 A 9/XX/2018 NC Primary Purchase   B B A A B B A A Non QM Non QM No
206257514           Compliance Compliance State Compliance North Carolina Rate Spread Threshold Test Compliant North Carolina Rate Spread Home Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of APOR x.xx% + 1.5%, or x.xxxxx%.  Compliant Rate Spread Home Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  2:16:34 PM 2 B 9/XX/2018 NC Primary Purchase   B B A A B B A A Non QM Non QM No
206257516           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   The Lender's Initial 1003 was not provided in file, however, the Creditor Application Date was confirmed through other documentation.   Reviewer Comment (2019-03-01): Received Lender's initial xxxx. Exception cleared.
 10/XX/2018  2:14:08 PM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257516           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Qualifying total debt ratio of [Redacted] exceeds Guideline total debt ratio of [Redacted].  Approved Lender Exception in file. No public records.

Residual income 9219.11.

Borrower is self-employed as XXX XXX for the past 5 years.

Credit score of 662 is 2 points> than program minimum requirement of 660.

65% LTV 10%< guideline max of 75%.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     10/XX/2018  10:03:03 AM 2 B 9/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257516           Compliance Compliance Federal Compliance 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 ATR fail is being issued due to insufficient documentation provided to confirm the terms of the investment property mortgage as well as confirmation of rental income.   Reviewer Comment (2019-03-01): Received evidence of Lender's application date. Exception cleared.
 10/XX/2018  2:04:00 PM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
206257516           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - REO 25% Method Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income (25% Method) using reasonably reliable third-party records. (Non-Subject Investment/25% Vacancy Method) The ability to repay cannot be verified due to insufficient documentation provided to confirm the terms of the investment property mortgage as well as confirmation of rental income.   Reviewer Comment (2019-03-01): Received evidence of Lender's application date. Exception cleared.
 10/XX/2018  2:04:00 PM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257516           Compliance Compliance Federal Compliance 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. The ATR fail is being issued due to insufficient documentation provided to confirm the terms of the investment property mortgage as well as confirmation of rental income.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
 10/XX/2018  10:06:12 AM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257516           Compliance Compliance Federal Compliance NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. The ATR fail is being issued due to insufficient documentation provided to confirm the terms of the investment property mortgage as well as confirmation of rental income.   Reviewer Comment (2019-03-01): Received evidence of Lender's application date. Exception cleared.
 10/XX/2018  2:04:00 PM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257516           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Increase in transfer tax amount of [Redacted] without evidence of cure or valid change of circumstance.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  5:31:56 PM 2 B 9/XX/2018 NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257516           Compliance Compliance Federal Compliance 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. Increase in transfer tax amount of [Redacted] without evidence of cure or valid change of circumstance.   Reviewer Comment (2019-03-01): Change of circumstance provided. Loan Amount increase.
 10/XX/2018  2:26:53 PM     1 A 9/XX/2018 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 B C B A A Non QM Non QM Yes
206257516           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Missing Documents: Missing other financing information.   Per Final [Redacted] and [Redacted], borrower purchased an investment property and rental income was used to qualify to offset the PITI.  However, all documentation pertaining to pur[Redacted]and rental income was missing from the loan file.   Reviewer Comment (2019-03-01): Final CD and appraisal provided for REO income.


Buyer Comment (2019-03-01): Investment property xxxx, xxxx, CD, and appraisal uploaded. Rental income based off of rents on appraisal report.
 10/XX/2018  8:08:40 AM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257516           Compliance Compliance Federal Compliance Missing Initial Loan Application Test No evidence of application date located in file.  Compliance tests were run using an application date of  [Redacted] which is 1 months prior to consummation. A lookback was performed to determine this application date.  The final date used for testing was  [Redacted]. Missing creditor application date, lenders initial [Redacted]   Reviewer Comment (2019-03-01): Received evidence of Lender's application date. Exception cleared.
 10/XX/2018  2:04:00 PM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257516           Compliance Compliance Federal Compliance TILA NMLSR - Originator Company Not Licensed at time of Application Unable to test LO company NMLS license due to missing information. Missing creditor application date, lenders initial [Redacted]   Reviewer Comment (2019-03-01): Received evidence of Lender's application date. Exception cleared.


Buyer Comment (2019-03-01): this is a brokered loan


Reviewer Comment (2019-03-01): Need actual Lender's initial xxxx. This is needed to determine Lender/Creditor's application date.


Buyer Comment (2019-03-01): Please see upload
 10/XX/2018  2:04:00 PM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257516           Compliance Compliance Federal Compliance Federal Loan Originator Compensation - Individual LO Not NMLS Licensed at Time of Application Unable to test Loan Originator license due to missing information. Missing creditor application date, lenders initial [Redacted]   Reviewer Comment (2019-03-01): Received evidence of Lender's application date. Exception cleared.


Reviewer Comment (2019-03-01): Please provide documentation of when xxxxxxx a Corporation received the application from xxxxxx. This determines the creditor application date. No other documentation was provided in the loan file.


Reviewer Comment (2019-03-01): Need actual Lender's initial xxxx. This is needed to determine Lender/Creditor's application date.


Buyer Comment (2019-03-01): Please see upload
 10/XX/2018  2:04:00 PM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257516           Compliance Compliance Federal Compliance TILA NMLSR - Individual Originator License Status Not Approved Unable to test Individual Loan Originator license status due to missing information. Missing creditor application date, lenders initial [Redacted]   Reviewer Comment (2019-03-01): Received evidence of Lender's application date. Exception cleared.
 10/XX/2018  2:04:00 PM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257516           Compliance Compliance Federal Compliance TILA NMLSR - Originator Company License Status Not Approved Unable to test LO company status due to missing information. Missing creditor application date, lenders initial [Redacted]   Reviewer Comment (2019-03-01): Received evidence of Lender's application date. Exception cleared.


Reviewer Comment (2019-03-01): Need actual Lender's initial xxxx. This is needed to determine Lender/Creditor's application date.


Buyer Comment (2019-03-01): Please see upload
 10/XX/2018  2:04:00 PM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257516           Compliance Compliance Federal Compliance RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. Missing creditor application date, lenders initial [Redacted]   Reviewer Comment (2019-03-01): Received evidence of Lender's application date. Exception cleared.


Reviewer Comment (2019-03-01): Need actual Lender's initial xxxx. This is needed to determine Lender/Creditor's application date.


Buyer Comment (2019-03-01): Please see upload
 10/XX/2018  2:04:00 PM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257516           Compliance Compliance Federal Compliance ARM Disclosure Timing Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. Missing creditor application date, lenders initial [Redacted]   Reviewer Comment (2019-03-01): Received evidence of Lender's application date. Exception cleared.


Buyer Comment (2019-03-01): Please see upload
 10/XX/2018  2:04:00 PM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206257516           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Timing Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. Missing creditor application date, lenders initial [Redacted]   Reviewer Comment (2019-03-01): Received evidence of Lender's application date. Exception cleared.


Reviewer Comment (2019-03-01): Need actual Lender's initial xxxx. This is needed to determine Lender/Creditor's application date.


Buyer Comment (2019-03-01): Please see upload
 10/XX/2018  2:04:00 PM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206257516           Compliance Compliance Federal Compliance QM Originator Loan Designation Info Not Provided Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation not provided. y   Reviewer Comment (2019-03-01): Provided as reflected in deal notes.
 10/XX/2018  2:08:47 PM     1 A 9/XX/2018 NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM Yes
206257517           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Disclosure reflects Non-Escrowed Property Costs over Year x ([Redacted]) as HOA Dues.   Reviewer Comment (2019-03-01): Confirmation of HOA in loan file


Reviewer Comment (2019-03-01): Lender used $x,xxx as the monthly HOA figure.  Documents in file confirm HOA is $x,xxx.xx.  Page x of the Final CD has Non-Escrowed Property Costs over Year x of $xx,xxx (based on $x,xxx per month over xx months).  The correct figure on page x should be $xx,xxx.xx using the correct HOA amount of $x,xxx.xx over xx months.


Buyer Comment (2019-03-01): TILA RESPA INTEGRATED DISCLOSURE: Loan disclosures: Amount of non-escrowed property costs over year x of $xx,xxx.xx on Final CD provided on xx/xx/xx not accurate. Disclosure reflects non escrowed property costs over year x $xx,xxx,xx as HOA dues
Could you please clarify


Reviewer Comment (2019-03-01): Appraisal reflects HOA dues at $xxxx/mo (xxxx x xx = $xx,xxx.xx). Purchase Contract shows HOA dues of $x,xxx.xx/mo (as well as the statement from the HOA management co) attached to the PC.  ($xxxx.xx x xx = $xx,xxx.xx).
 10/XX/2018  10:53:17 AM     1 A 9/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257517           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Cure for [Redacted] tolerance violation ([Redacted]) and (Second Appraisal Fee) of ([Redacted]) was not provided. Cure of ([Redacted]) was reflected, which is insufficient to cure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  4:00:04 PM 2 B 9/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257517           Compliance Compliance Federal Compliance 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 10% or $xxx.xx.  Insufficient or no cure was provided to the borrower. (0) ([Redacted]violation due to increase in (Recording fees).   Reviewer Comment (2019-03-01): Cure documentation confirmed.


Reviewer Comment (2019-03-01): (Redacted) received the following Letter of Explanation, Shipping Label from FedEx, Copy of Refund Check for additional $x.xx, and Corrected CD.  Shipping label provided shows the shipping label has been created but has not been sent or in transit to the borrower. Please provide documentation that shows the package as being sent, in transit or delivered to the borrower.


Buyer Comment (2019-03-01): Final CD


Reviewer Comment (2019-03-01): Provide final ALTA Settlement Statement to verify what fees or credits were applied at closing.  (Redacted) received the check for $x.xx, however the check for the initial tolerance cure of $xxx.xx was not provided.  The letter of explanation for the initial cure is also needed unless it is reflected on the final ALTA statement.  The Fedex tracking label shows the package was scheduled to be shipped, but shipped as of xx/xx/xx.  Need actual proof of shipping.


Reviewer Comment (2019-03-01): (Redacted) received a PCCD dated xx/xx/xx and a PCCD dated xx/xx/xx both reflect a tolerance cure of $xxx.xx.  Letter of Explanation does not provide the details of the change(s) made or the total tolerance cure amount.  Missing a Copy of the Refund Check and Proof of Delivery.


Reviewer Comment (2019-03-01): Final CD has recording Fee of $xxx.  Recording Fee was disclosed at $xxx on the Loan Estimate dated xx/xx/xxxx. xx% tolerance allowed would be $xxx + $xx.xx = $xxx.xx.  $xxx - $xxx.xx = $xx.xx cure owed to borrower for recording fee tolerance.


Buyer Comment (2019-03-01): Please advise how you arrived at $xx.xx for the recording fee? I provided you with snip of the calculation and it shows $xx.xx so where are you picking up xx.xx?


Reviewer Comment (2019-03-01): Total cure provided to the borrower at closing per Final CD was $xxx.xx,  Total amount in cure exceptions required to cure is $xxx.xx ($xxx for xnd Appraisal and $xx.xx for increase in Recording Fee).  Letter of Explanation, Proof of Delivery, Copy of Refund Check for the difference, and Corrected CD required to cure.


Buyer Comment (2019-03-01): Cure was given on Final CD
   10/XX/2018  1:56:19 PM   2 B 9/XX/2018 NY 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
206257517           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Fee was not disclosed on Loan Estimate.   Reviewer Comment (2019-03-01): Cure documentation confirmed.


Reviewer Comment (2019-03-01): (Redacted) received the following Letter of Explanation, Shipping Label from FedEx, Copy of Refund Check for additional $x.xx, and Corrected CD.  Shipping label provided shows the shipping label has been created but has not been sent or in transit to the borrower. Please provide documentation that shows the package as being sent, in transit or delivered to the borrower.


Buyer Comment (2019-03-01): Final CD


Reviewer Comment (2019-03-01): Provide final ALTA Settlement Statement to verify what fees or credits were applied at closing.  (Redacted) received the check for $x.xx, however the check for the initial tolerance cure of $xxx.xx was not provided.  The letter of explanation for the initial cure is also needed unless it is reflected on the final ALTA statement.  The Fedex tracking label shows the package was scheduled to be shipped, but shipped as of xx/xx/xx.  Need actual proof of shipping.


Reviewer Comment (2019-03-01): (Redacted) received a PCCD dated xx/xx/xx and a PCCD dated xx/xx/xx both reflect a tolerance cure of $xxx.xx.  Letter of Explanation does not provide the details of the change(s) made or the total tolerance cure amount.  Missing a Copy of the Refund Check and Proof of Delivery.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): Total cure provided to the borrower at closing per Final CD was $xxx.xx,  Total amount in cure exceptions required to cure is $xxx.xx ($xxx for xnd Appraisal and $xx.xx for increase in Recording Fee).  Letter of Explanation, Proof of Delivery, Copy of Refund Check for the difference, and Corrected CD required to cure.


Buyer Comment (2019-03-01): Cure was given on Final CD


Reviewer Comment (2019-03-01): (Redacted) received a COC, however, since the SP was over x Mil, it should have been known from the start that a second appraisal was going to be needed.  LE was issued on x/xx/xx without the xnd appraisal fee. The first appraisal is dated (Redacted) and the second appraisal is dated x/xx/xx and the fee was added on x/xx/xx and is paid to the same appraisal company?  It appears the xnd appraisal company is different than disclosed on the CDs.  First appraisal company is Advanced Valuation and Consulating, Corp.  Second appraisal company is ADMOR Appraisals, Inc.  A refund for the xnd appraisal charge is required.
   10/XX/2018  1:56:43 PM   2 B 9/XX/2018 NY 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
206257517           Credit Income / Employment Income Documentation Income Docs Missing:   Please provide [Redacted] thru [Redacted] and [Redacted] bank statements from Banking Institution used for income to qualify. Subject to re-qualification.   Reviewer Comment (2019-03-01): Bank statements from Banking Institution for xx/xxxx thru xx/xxxx and xx/xxxx for income qualification.
 10/XX/2018  1:11:56 PM     1 A 9/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257517           Credit Credit Miscellaneous Credit Exception:   Bank statement income calculator reflects income from statements of [Redacted] however the [Redacted] is expired as of closing please provide an updated calculator including the 6/XX/2018 statement which is within 90 days at close.   Reviewer Comment (2019-03-01): Updated bank statement income calculator provided for review.


Buyer Comment (2019-03-01): Please see upload
 10/XX/2018  1:15:41 PM     1 A 9/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257518           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-03-01): Approval dated xx/xx/xxxx provided for review.
 10/XX/2018  9:25:36 AM     1 A 10/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257518           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.60670% or Final Disclosure APR of 6.68600% is in excess of allowable threshold of APOR 4.64% + 1.5%, or 6.14000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     10/XX/2018  9:20:56 AM 1 A 10/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257518           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) New York Subprime Loan: Counseling Disclosure not provided to borrower.     Reviewer Comment (2019-03-01): New York Subprime Loan: Counseling Disclosure provided to borrower.
 10/XX/2018  1:01:38 PM     1 A 10/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257518           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): New York Subprime Loan: Counseling Disclosure provided to borrower.
 10/XX/2018  1:01:38 PM     1 A 10/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257518           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. E-sign consent documentation was not provided.   Reviewer Comment (2019-03-01): (Redacted) received evidence of e-Sign Agreement.
 10/XX/2018  7:38:04 PM     1 A 10/XX/2018 NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257518           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the increase to the CDA Fee.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  12:45:58 PM 2 B 10/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257518           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. The LE provided on [Redacted] added a CDA Fee of [Redacted] without a valid change of circumstance.  The change of circumstance dated [Redacted] does list the CDA fee; however, it does not explain why it was added.   Reviewer Comment (2019-03-01): Lender provided the LOX, refund check xxx.xx, corrected PCCD and shipping label - out for delivery x/x/xxxx.


Reviewer Comment (2019-03-01): (Redacted) received corrected Post Close CD dated xx/xx/xxxx with proper cure amounts listed on page x and page x. Letter of explanation, cure check for $xxx and shipping label was also provided.  Tacking number xZxxFAxxxxxxxxxxxx when checked on UPS website shows that the shipping label was created on xx/xx/xxxx but has not yet shipped to the borrower.  Still need confirmation that the package has at least been shipped / in route to the borrower or delivered to the borrower before we can cure.


Reviewer Comment (2019-03-01): (Redacted) received PCCD indicating a lender credit of $xxx, Refund Check, Shipping Label, and LOE. The PCCD does not indicate the $xxx credit as a cure on bottom of page x and Calculating Cash to Close table on page x. The Mailing Label provided indicates a label was only created. Please provide a corrected PCCD indicating the cure amount on both pages and a valid shipping label. Exception Stands.


Reviewer Comment (2019-03-01): Section J needs to show $xxx (The post closed cd currently has "Tolerance Cure for CDA Fee") please change this to $xxx and leave the -$xxx that is already in Section J.  Page x add $xxx in the Calculating Cash to Close Section Total closing costs exceeds legal limit by $xxx.


Buyer Comment (2019-03-01): Please advise if lender credit is removed in lender credit section and just in section J, if that would clear?


Reviewer Comment (2019-03-01): Lender credit tolerance cure amount of $xxx needs to be in Section J in addition to the -$xxx already in Section J on the post close cd.  Page x Exceeds legal limit by $xxx needs to be disclosed in the calculating cash to close section.


Buyer Comment (2019-03-01): if we add in both sections,  Then that will look like we are giving the borrower double unless the other xxx.xx on page x is not in the totaling column but on the inside.


Reviewer Comment (2019-03-01): Letter of Explanation, Shipping Label, Copy of Refund Check, and Post Close CD provided.  Post Close CD page x Section J currently has (Tolerance Cure for CDA fee); this needs to be changed to $xxx.  Page x Calculating Cash to Close Section missing the exceeds limit by $xxx.  Please provide corrected cd.  In addition, the shipping label provided shows the shipping label created via UPS website.  Confirmation the package has been sent or in transit required to cure as well.
   11/XX/2018  10:43:10 AM   2 B 10/XX/2018 NY 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
206257518           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan. .   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  3:42:00 PM 2 B 10/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257519           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. DTI exceeds program max with Lender approved Exception. Lender exception dared [Redacted] for [Redacted] however calculated DTI is [Redacted] please provide updated exception. Guideline variance approved by lender at time of origination.  Perfect mortgage payment history on multiple accounts going back a full 91 months.

30 months reserves are 18 months more than program requirement of 12.

Borrower has employment stability for over 19 years as a screenwriter.  Co-borrower has been self-employed as a writer/producer for the past 19 years.		 Reviewer Comment (2019-03-01): Lender approved exception for DTI of xx.xxx% vs program max of xx%.
     10/XX/2018  12:16:17 PM 2 B 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257519           Compliance Compliance Federal Compliance TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [Redacted, prior to three (3) business days from transaction date of [Redacted.     Reviewer Comment (2019-03-01): Post-close CD provided reflecting disbursement date of xx/xx/xxxx.


Buyer Comment (2019-03-01): Final Settlement HUD reflects a closing/recording/disbursement date of xx-xx
 10/XX/2018  12:12:45 PM     1 A 9/XX/2018 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
206257519           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] did not disclose number of months for homeowner's insurance under Prepaids. (Final/[Redacted]) The number of months is blank on line x in Section F, Prepaids.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  2:26:36 PM 2 B 9/XX/2018 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
206257519           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) The final CD disclosed a closing date of [Redacted]; the documents were signed on [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  2:26:51 PM 2 B 9/XX/2018 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
206257519           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  2:27:01 PM 2 B 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257519           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Liability After Foreclosure Missing TILA-RESPA Integrated Disclosure - Other Disclosures: Final Closing Disclosure provided on [Redacted] did not disclose the Liability After Foreclosure statement. (Final/[Redacted]) Neither box checked in Liability after Foreclosure section on final CD.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation & Corrected Closing Disclosure.
   10/XX/2018  2:02:51 PM   2 B 9/XX/2018 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
206257519           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the increase to the Credit Report Fee.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  2:27:13 PM 2 B 9/XX/2018 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
206257519           Compliance Compliance Federal Compliance 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. The CD issued on [Redacted] added the Credit Report Fee without a valid change of circumstance.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.
   10/XX/2018  2:05:14 PM   2 B 9/XX/2018 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
206257519           Compliance Compliance Federal Compliance 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 Risk. The loan is at ATR risk due to the DTI exceeding the program maximum.   Reviewer Comment (2019-03-01): Lender approved exception for DTI of xx.xxx% vs program max of xx%.
 10/XX/2018  12:18:11 PM     1 A 9/XX/2018 CA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
206257519           Compliance Compliance Federal Compliance 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. The loan is at ATR risk due to the DTI exceeding the program maximum.   Reviewer Comment (2019-03-01): Lender approved exception for DTI of xx.xxx% vs program max of xx%.
 10/XX/2018  12:18:20 PM     1 A 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257519           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted],  Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. ([Redacted]) Loan closed [Redacted] -  Missing [Redacted] Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  2:27:28 PM 2 B 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257519           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date 09/XX/2018,  Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. ([Redacted]) Loan closed [Redacted] -  Missing [Redacted] Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  2:27:38 PM 2 B 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257519           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted],  Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. ([Redacted]) Loan closed [Redacted] -  Missing [Redacted] Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  2:27:48 PM 2 B 9/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257520           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-03-01): Received approved in trailing docs PDF. No way to associate document. Condition cleared.
 10/XX/2018  12:04:00 PM     1 A 10/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257520           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.13140% or Final Disclosure APR of 7.18500% is in excess of allowable threshold of APOR 4.64% + 1.5%, or 6.14000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     10/XX/2018  10:34:24 AM 1 A 10/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257520           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): Duplicate.


Reviewer Comment (2019-03-01): Received NY Subprime disclosure signed by borrower on xx/xx/xxxx; however document provided through trailing docs PDF. Unable to associate and determine if in compliance.
 10/XX/2018  1:20:55 PM     1 A 10/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257520           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. File contains evidence that the borrower received electronic disclosures, missing documentation of consent   Reviewer Comment (2019-03-01): Received signed e-doc from Lender dated xx/xx/xxxx which is within compliance. Document provided in trailing doc PDF. Unable to associate.


Reviewer Comment (2019-03-01): Ok
 10/XX/2018  12:07:13 PM     1 A 10/XX/2018 NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257520           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted]     Reviewer Comment (2019-03-01): Income worksheet provided by Lender. Exception cleared.
 10/XX/2018  12:16:56 PM     1 A 10/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257520           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Compliant) New York Subprime Loan: Counseling Disclosure not compliant. Disclosure was not acknowledged by the borrower   Reviewer Comment (2019-03-01): Received signed disclosure. Condition cleared.
 10/XX/2018  1:20:55 PM     1 A 10/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257520           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  9:38:07 AM 2 B 10/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257521           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.63350% or Final Disclosure APR of 7.74800% is in excess of allowable threshold of APOR 4.55% + 1.5%, or 6.05000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): .
 12/XX/2018  10:57:38 AM     1 A 10/04/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257521           Compliance Compliance Federal Compliance (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Flipped Property - Did Not Obtain 2 Appraisals) TILA HPML Appraisal Rule  (Dodd-Frank 2014): Flipped Property - Creditor did not obtain two (2) written appraisals.     Reviewer Comment (2019-03-01): Received xnd appraisal.
 11/XX/2018  1:19:48 PM     1 A 10/04/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257521           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) New York Subprime Loan: Counseling Disclosure not provided to borrower.     Reviewer Comment (2019-03-01): New York Subprime Counseling Disclosure provided.


Reviewer Comment (2019-03-01): No new information provided.
 12/XX/2018  10:53:51 AM     1 A 10/04/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257521           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): New York Subprime Counseling Disclosure provided.
 12/XX/2018  10:53:51 AM     1 A 10/04/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257521           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Partial Payments TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Partial Payments. (Final/[Redacted]) Page x of the final CD does not have a box checked in the Partial Payments section of Loan Disclosures.   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure provided
   12/XX/2018  8:20:10 AM   2 B 10/04/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257521           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. The file did not contain evidence that the Home Loan Toolkit was provided to the borrower.   Reviewer Comment (2019-03-01): Document provided
 12/XX/2018  8:19:09 AM     1 A 10/04/2018 NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257521           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. The Settlement Service Provider List was not provided.   Reviewer Comment (2019-03-01): Document provided
 12/XX/2018  8:19:09 AM     1 A 10/04/2018 NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257521           Compliance Compliance Federal Compliance 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. (7505) The CD issued on [Redacted] increased the Desk Review Fee without a valid change of circumstance.  A tolerance cure was provided.       10/XX/2018  8:01:21 PM   1 A 10/04/2018 NY Primary Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
206257521           Credit Insurance Insurance Documentation Missing Document: Mortgage Insurance Certificate (MIC) not provided       Reviewer Comment (2019-03-01): Corrected CD provided removing MI.


Reviewer Comment (2019-03-01): Post close CD dated (Redacted) still reflects MI on loan. Exception remains.


Reviewer Comment (2019-03-01): Final xxxx and xxxx reflects loan does have an MI payment of $xx.xx and $xx.xx. Need clarification and verification loan does not require MI.


Buyer Comment (2019-03-01): NO MTG. insurance. please clear
 12/XX/2018  10:28:14 AM     1 A 10/04/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257521           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Secondary/[Redacted]) Evidence of borrower''s receipt of the secondary appraisal was not provided.   Reviewer Comment (2019-03-01): .
 12/XX/2018  10:57:38 AM     1 A 10/04/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257521           Compliance Compliance Federal Compliance (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 three (3) business days prior to consummation. (Type:Additional[Redacted]) Evidence of borrower''s receipt of the secondary appraisal was not provided.   Reviewer Comment (2019-03-01): .
 12/XX/2018  10:57:38 AM     1 A 10/04/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257521           Credit System General Valuation address does not match Note address. Valuation Type: Appraisal / Valuation Report Date: [Redacted] Appraisal reflects property address as [Redacted]   Reviewer Comment (2019-03-01): Per USPS, address deliverable.


Reviewer Comment (2019-03-01): Both appraisals addresses need to reflect XXX xxxxx.
 12/XX/2018  9:12:09 AM     1 A 10/04/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257521           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/XX/2018  10:21:28 AM 2 B 10/04/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257521           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. .   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/XX/2018  2:47:32 PM 2 B 10/04/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257521           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.63350% or Final Disclosure APR of 7.74800% is in excess of allowable threshold of APOR 4.55% + 1.5%, or 6.05000%.  Compliant Higher Priced Mortgage Loan. .   Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  11:14:15 AM 1 A 10/04/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257522           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Missing Lender Approval.   Reviewer Comment (2019-03-01): Lender approval provided for review.
 10/XX/2018  9:37:24 AM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other   D B D A D B A A Non QM Non QM No
206257522           Credit Loan Package Documentation Closing / Title Missing Document: Security Instrument not provided   Missing Security Instrument.   Reviewer Comment (2019-03-01): Security Instrument provided


Reviewer Comment (2019-03-01): No new information provided.
 11/XX/2018  10:41:50 AM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other   D B D A D B A A Non QM Non QM No
206257522           Credit Loan Package Documentation Application / Processing Missing Document: Missing Final 1003   Missing Final [Redacted] for Borrower and Co-Borrower.   Reviewer Comment (2019-03-01): Final xxxx provided.


Reviewer Comment (2019-03-01): No new information provided.
 11/XX/2018  10:42:07 AM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other   D B D A D B A A Non QM Non QM No
206257522           Compliance Loan Package Documentation Closing / Title Missing Document: Note - Subject Lien not provided   Missing subject lien Note.   Reviewer Comment (2019-03-01): Note - Subject Lien provided


Reviewer Comment (2019-03-01): No new information provided.
 11/XX/2018  10:42:26 AM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other   D B D A D B A A Non QM Non QM No
206257522           Compliance Compliance Federal Compliance RESPA -  Initial Escrow Account Statement Missing RESPA: Initial escrow account statement was not provided to the borrower. Missing Initial Escrow Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): No new information provided.
     11/XX/2018  12:14:17 PM 2 B 10/XX/2018 NY Primary Refinance - Cash-out - Other   D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. Evidence of electronic consent is not provided.   Reviewer Comment (2019-03-01): Evidence of electronic consent provided.


Reviewer Comment (2019-03-01): No new information provided.
 11/XX/2018  11:06:08 AM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure D B D A D B A A Non QM Non QM No
206257522           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The dollar amount by which closing costs exceeded legal limits did not disclose the increase in appraised value from $[Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  12:14:47 PM 2 B 10/XX/2018 NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance 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. Evidence of sufficient cure not provided.   Reviewer Comment (2019-03-01): (Redacted) received final CD dated xx/xx/xx with tolerance cure of $x,xxx.xx.
   11/XX/2018  3:56:18 PM   2 B 10/XX/2018 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 D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. Missing evidence that CHARM booklet was provided to the borrowers within x days of application.   Reviewer Comment (2019-03-01): CHARM booklet provided.
 10/XX/2018  9:45:47 AM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure D B D A D B A A Non QM Non QM No
206257522           Compliance Compliance Federal Compliance Right of Rescission Timing - Note Date used as Transaction Date Unable to conclusively determine date of consummation. Note date used as transaction date for purposes of determining compliance with rescission timing requirements Unable to determine rescission period met compliance timeline due to missing Right of Rescission documentation.   Reviewer Comment (2019-03-01): Right of Rescission documentation provided.


Reviewer Comment (2019-03-01): No new information provided.
 11/XX/2018  11:06:08 AM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other   D B D A D B A A Non QM Non QM No
206257522           Compliance Compliance Federal Compliance Notice of Right to Cancel Missing Truth in Lending Act: Notice of Right to Cancel was not provided. Missing notice of Right to Cancel was provided to each borrower at closing.   Reviewer Comment (2019-03-01): Right to Cancel was provided.


Reviewer Comment (2019-03-01): No new information provided.
 11/XX/2018  9:00:31 AM     1 A 10/XX/2018 NY 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 B D A D B A A Non QM Non QM Yes
206257522           Credit Income / Employment Income Documentation Employment Error: Employment company not provided. Borrower: [Redacted] // Employment Type: Employment / Income Type: Wages / Start Date: <empty> Employer name for source of disclosed commission income was not provided.   Reviewer Comment (2019-03-01): Income removed for borrower due to not employed.


Buyer Comment (2019-03-01): Co-borrower was used as income qualifier. Borrower does not work
 10/XX/2018  10:06:21 AM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other   D B D A D B A A Non QM Non QM No
206257522           Credit Income / Employment Income Documentation Employment Error: Employment years in field not provided. Borrower: [Redacted]// Employment Type: Employment / Income Type: Wages / Start Date: <empty> Years of employment not provided for commission income source.   Reviewer Comment (2019-03-01): Income removed for borrower due to not employed.


Buyer Comment (2019-03-01): Co-borrower was used as income qualifier. Borrower does not work
 10/XX/2018  10:06:30 AM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other   D B D A D B A A Non QM Non QM No
206257522           Compliance Compliance Federal Compliance 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. Verification of employment for borrower's disclosed income is not documented.   Reviewer Comment (2019-03-01): Removed income for borrower due to not employed.


Buyer Comment (2019-03-01): Co-borrower was used as income qualifier. Borrower does not work
 10/XX/2018  10:04:49 AM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - Commission Ability to Repay (Dodd-Frank 2014): Unable to verify Commission income using reasonably reliable third-party records. ([Redacted] (employer unknown)/[Redacted]) Verification of employment for borrower's disclosed income is not documented.   Reviewer Comment (2019-03-01): Removed income for borrower due to not employed.


Buyer Comment (2019-03-01): Co-borrower was used as income qualifier. Borrower does not work
 10/XX/2018  10:04:49 AM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other   D B D A D B A A Non QM Non QM No
206257522           Compliance Compliance Federal Compliance NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Verification of employment for borrower's disclosed income is not documented.   Reviewer Comment (2019-03-01): Removed income for borrower due to not employed.
 10/XX/2018  10:04:49 AM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other   D B D A D B A A Non QM Non QM No
206257522           Compliance Compliance Federal Compliance 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 three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:Primary/[Redacted]) No evidence in file of when both appraisals were provided to the borrower and co-borrower.   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): No new information provided,
     11/XX/2018  12:18:07 PM 2 B 10/XX/2018 NY Primary Refinance - Cash-out - Other   D B D A D B A A Non QM Non QM No
206257522           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - Asset Depletion Income Ability to Repay (Dodd-Frank 2014): Unable to verify Asset Depletion income using reasonably reliable third-party records. ([Redacted]) Borrower income not documented.  Loan submitted as Asset Depletion yet no income documentation in file for the borrower.   Reviewer Comment (2019-03-01): Removed income for borrower due to not employed.


Buyer Comment (2019-03-01): Co-borrower was used as income qualifier. Borrower does not work
 10/XX/2018  10:04:49 AM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other   D B D A D B A A Non QM Non QM No
206257522           Credit System General Borrower 1003 current address does not match Note address. Borrower: [Redacted] Loan was submitted as a refinance of a primary residence yet Co-borrower indicates second home.   Reviewer Comment (2019-03-01): Co-borrower is a non-occupying borrower.


Buyer Comment (2019-03-01): Co-borrower is a qualifier on the loan
 10/XX/2018  10:19:12 AM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other   D B D A D B A A Non QM Non QM No
206257522           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing Bank Statements for borrower's asset depletion income.   Reviewer Comment (2019-03-01): Changed borrower employment status to not employed. Only co-borrower income used for qualifying.


Buyer Comment (2019-03-01): Co-borrower was used as income qualifier. Borrower does not work
 10/XX/2018  10:20:24 AM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other   D B D A D B A A Non QM Non QM No
206257522           Compliance Compliance Federal Compliance 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 three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:Primary/[Redacted]) No evidence in file that each borrower received a copy of the appraisal.   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): No new information provided.
     11/XX/2018  12:18:15 PM 2 B 10/XX/2018 NY Primary Refinance - Cash-out - Other   D B D A D B A A Non QM Non QM No
206257522           Compliance Compliance Federal Compliance TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [Redacted, prior to three (3) business days from transaction date of [Redacted. .   Reviewer Comment (2019-03-01): (Redacted) received final CD dated xx/xx/xx.
 11/XX/2018  3:26:05 PM     1 A 10/XX/2018 NY 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 B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance RESPA -  Initial Escrow Account statement Inaccurate RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. .   Reviewer Comment (2019-03-01): (Redacted) received initial escrow account disclosure dated xx/xx/xx.
 11/XX/2018  3:26:05 PM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other   D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance TRID Final Closing Disclosure AIR Table Maximum Interest Rate TILA-RESPA Integrated Disclosure - Adjustable Interest Rate Table: Final Closing Disclosure provided on 09/XX/2018 disclosed a Maximum Interest Rate that does not match the actual maximum interest rate for the loan. (Final[Redacted]) .   Reviewer Comment (2019-03-01): (Redacted) received final CD dated xx/xx/xx.
 11/XX/2018  3:26:05 PM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance TRID Final Closing Disclosure AIR Table Minimum Interest Rate TILA-RESPA Integrated Disclosure - Adjustable Interest Rate Table: Final Closing Disclosure provided on [Redacted] disclosed a Minimum Interest Rate that does not match the actual minimum interest rate for the loan. (Final[Redacted]) .   Reviewer Comment (2019-03-01): (Redacted) received final CD dated xx/xx/xx.
 11/XX/2018  3:26:05 PM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Amount Financed TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an Amount Financed that was not within tolerance of the actual amount financed for the loan. (Final/[Redacted]) .   Reviewer Comment (2019-03-01): (Redacted) received final CD dated xx/xx/xx.
 11/XX/2018  3:26:05 PM     1 A 10/XX/2018 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 D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance TRID Final Closing Disclosure AP Table First Change TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Final Closing Disclosure provided on [Redacted] disclosed a First Change minimum, maximum, and payment period that does not match the actual terms for the loan. (Final[Redacted]) .   Reviewer Comment (2019-03-01): (Redacted) received final CD dated xx/xx/xx.
 11/XX/2018  3:26:05 PM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance TRID Final Closing Disclosure AP Table Maximum Payment TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Final Closing Disclosure provided on [Redacted] disclosed a Maximum Payment amount and period that does not match the actual terms for the loan. (Final[Redacted]) .   Reviewer Comment (2019-03-01): (Redacted) received final CD dated xx/xx/xx.
 11/XX/2018  3:26:05 PM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) .   Reviewer Comment (2019-03-01): (Redacted) received final CD dated xx/xx/xx.
 11/XX/2018  3:26:05 PM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/577835) .   Reviewer Comment (2019-03-01): (Redacted) received final CD dated xx/xx/xx.
 11/XX/2018  3:26:05 PM     1 A 10/XX/2018 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 D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. (Final/[Redacted]) .   Reviewer Comment (2019-03-01): (Redacted) received final CD dated xx/xx/xx.
 11/XX/2018  3:26:05 PM     1 A 10/XX/2018 NY 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 B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Interest Rate TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [Redacted] disclosed an Interest Rate that does not match the actual interest rate for the loan. (Final/[Redacted]) .   Reviewer Comment (2019-03-01): (Redacted) received final CD dated xx/xx/xx.
 11/XX/2018  3:26:05 PM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Interest Rate Max Rate TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [Redacted] with an increasing interest rate disclosed a maximum interest rate that does not match the actual maximum rate for the loan. (Final/[Redacted]) .   Reviewer Comment (2019-03-01): (Redacted) received final CD dated xx/xx/xx.
 11/XX/2018  3:26:05 PM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Payment Max Amount TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [Redacted] with an increasing payment disclosed the maximum possible amount of principal and interest that does not match the actual maximum amount for the loan. (Final/[Redacted]) .   Reviewer Comment (2019-03-01): (Redacted) received final CD dated xx/xx/xx.
 11/XX/2018  3:26:05 PM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Principal and Interest TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [Redacted] disclosed a Principal and Interest Payment that does not match the actual payment for the loan. (Final/[Redacted]) .   Reviewer Comment (2019-03-01): (Redacted) received final CD dated xx/xx/xx.
 11/XX/2018  3:26:05 PM     1 A 10/XX/2018 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 D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance 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 2 that does not match the actual payment for the loan. (ProjSeq:2/577836) .   Reviewer Comment (2019-03-01): (Redacted) received final CD dated xx/xx/xx.
 11/XX/2018  3:26:05 PM     1 A 10/XX/2018 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 D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance 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 3 that does not match the actual payment for the loan. (ProjSeq:3/577837) .   Reviewer Comment (2019-03-01): (Redacted) received final CD dated xx/xx/xx.
 11/XX/2018  3:26:05 PM     1 A 10/XX/2018 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 D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance 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 4 that does not match the actual payment for the loan. (ProjSeq:4/577838) .   Reviewer Comment (2019-03-01): (Redacted) received final CD dated xx/xx/xx.
 11/XX/2018  3:26:05 PM     1 A 10/XX/2018 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 D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Projected Principal And Interest Payment Min Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed a periodic principal and interest payment for payment stream 1 that does not match the actual payment for the loan. (ProjSeq:1/577835) .   Reviewer Comment (2019-03-01): (Redacted) received final CD dated xx/xx/xx.
 11/XX/2018  3:26:05 PM     1 A 10/XX/2018 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 D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (Final/[Redacted]) .   Reviewer Comment (2019-03-01): (Redacted) received final CD dated xx/xx/xx.
 11/XX/2018  3:26:05 PM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Total of Payments that does not match the actual total of payments for the loan. (Final/[Redacted]) .   Reviewer Comment (2019-03-01): (Redacted) received final CD dated xx/xx/xx.
 11/XX/2018  3:26:05 PM     1 A 10/XX/2018 NY 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 B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance TRID Loan Estimate Esign Consent Agreement Timing ESIGN Act - Loan Estimate provided on [Redacted] was electronically provided prior to borrower's consent to receive electronic disclosures. (Initial/[Redacted]) .   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): Earliest eSign Agreement is dated x/x/xx.  Borrowers signed initial LE on x/x/xx.  Evidence of earlier disclosure acknowledged by the Borrower was not provided.
     11/XX/2018  11:00:32 AM 2 B 10/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure D B D A D B A A Non QM Non QM No
206257522           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Demand Feature TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan contains a Demand Feature. (Final/[Redacted]) [Redacted] received final CD dated [Redacted] which did not have any box checked for Demand Feature.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  11:00:42 AM 2 B 10/XX/2018 NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Tolerance cure of [Redacted] done at closing for the Appraisal Fee increase, still need the Title - CEMA Fee increase of [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  11:00:53 AM 2 B 10/XX/2018 NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $x,xxx.xx plus 10% or $x,xxx.xx.  Insufficient or no cure was provided to the borrower. (0) [Redacted] received final CD dated [Redacted] -  Recording Fee increase, Messenger (Travel) Fee increase and Patriot Search increased without a valid COC.  Total 10% fees $[Redacted] x 110% = $[Redacted] - $[Redacted] (increase) = $[Redacted] refund due.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception cleared.


Buyer Comment (2019-03-01): I show the final CD from closing dated xx/xx, and the coc CD dated xx/xx shows all x fees listed in the stip on it.

Settlement, CEMA and the recording.

Can you please clarify


Reviewer Comment (2019-03-01): UPDATED: xx/xx/xxxx:  TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $x,xxx.xx plus xx% or $x,xxx.xx.  Insufficient or no cure was provided to the borrower. Fees included in the xx% tolerance are Settlement Fee of $xxx, Recording Fee of $xxx and CEMA Fee of $xxx.  Change of Circumstance provided states that the lender was made aware of the CEMA Fee and that recording fee would increase due to CEMA on xx/xx/xxxx.  However, both fees were not disclosed to the borrower until the Final CD dated (Redacted).  Exception stands for timing.
 11/XX/2018  11:22:07 AM     1 A 10/XX/2018 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 D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Attorney Review Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. [Redacted] received final CD dated [Redacted] which had a Title - CEMA Fee added wtihout a valid COC.  Initially named incorrecly at entry.   Reviewer Comment (2019-03-01): Erroneous entry
 11/XX/2018  3:48:21 PM     1 A 10/XX/2018 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 D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. (Final/[Redacted]) Final CD disclosed finance charge as [Redacted] and calculated finance charge is [Redacted], a difference of -[Redacted].   Reviewer Comment (2019-03-01): compliance re-ran exception cleared. Utilities paid by borrower of $xxx.xx not a FC
 11/XX/2018  1:26:49 PM     1 A 10/XX/2018 NY 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 B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - CEMA Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Final CD disclosed a CEMA Fee without a valid COC.  A refund of $[Redacted] is due.   Reviewer Comment (2019-03-01): Fee is Section B paid to provider on SSPL subject to xx% not x%
 11/XX/2018  1:26:49 PM     1 A 10/XX/2018 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 D B D A D B A A Non QM Non QM Yes
206257522           Compliance Compliance Federal Compliance 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 increased on the [Redacted] closing disclosure.  No changed circumstance was located in file to explain the need for the fee increase.       11/XX/2018  12:26:55 PM   1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other Final CD evidences Cure D B D A D B A A Non QM Non QM Yes
206257523           Compliance Loan Package Documentation Closing / Title Missing Document: Note - Subject Lien not provided       Reviewer Comment (2019-03-01): Note for Subject Lien provided.
 10/XX/2018  1:39:09 PM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257523           Credit Loan Package Documentation Closing / Title Missing Document: Security Instrument not provided       Reviewer Comment (2019-03-01): Security Instrument provided.
 10/XX/2018  1:39:28 PM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257523           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-03-01): Approval dated xx/xx/xxxx was provided for review.
 10/XX/2018  11:19:32 AM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257523           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date.       Reviewer Comment (2019-03-01): Hazard Insurance Policy Effective Date xx/xx/xxxx, Transaction Date:  xx/xx/xxxx.
 10/XX/2018  1:40:00 PM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257523           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.65190% or Final Disclosure APR of 6.68200% is in excess of allowable threshold of APOR 4.69% + 1.5%, or 6.19000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     10/XX/2018  9:38:49 AM 1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257523           Compliance Compliance State Compliance (State HPML Provision) New York Subprime Loan (Ability to Repay not Verified) New York Subprime Loan:  Borrower's ability to repay not verified with reliable documentation.     Reviewer Comment (2019-03-01): CPA letter provided to verify S/E.
 10/XX/2018  11:38:17 AM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257523           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) New York Subprime Loan:  Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law. Security Instrument not provided.   Reviewer Comment (2019-03-01): Security Instrument provided with legend.


Buyer Comment (2019-03-01): Please see upload
 10/XX/2018  1:30:48 PM     1 A 10/XX/2018 NY Primary Purchase 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. D B D A D B A A Non QM Non QM Yes
206257523           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): NY threshold  - Lender provided (Redacted)  see page xxxx, failed APR x.xxx% > threshold of x.x% failed.


Buyer Comment (2019-03-01): Please see upload
 10/XX/2018  1:46:11 PM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257523           Compliance Compliance Federal Compliance 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.) (Final/ [Redacted]) Seller CD is missing.   Reviewer Comment (2019-03-01): Seller CD provided.
 10/XX/2018  4:26:42 PM     1 A 10/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257523           Credit Missing Document General Incomplete Document: 1003 Final is incomplete   The Final [Redacted] is not signed.   Reviewer Comment (2019-03-01): The Final xxxx signed was provided.
 10/XX/2018  1:40:30 PM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257523           Credit Insurance Insurance Documentation Missing Document: Flood Insurance Policy not provided   The only evidence of flood insurance is the flood application.   Reviewer Comment (2019-03-01): Flood Insurance Policy provided.
 10/XX/2018  1:40:55 PM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257523           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) Notary date is [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  3:00:27 PM 2 B 10/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257523           Credit Credit Credit Documentation Aged document: Credit Report  is more than 90 days prior to the note date. Credit Report: Original // Borrower: Borrower: [Redacted] Credit report date is [Redacted] and mortgage notary date is [Redacted].   Reviewer Comment (2019-03-01): Updated credit report dated xx/xx/xxxx provided and adjusted liabilities.
 10/XX/2018  10:30:26 AM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257524           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  2:47:09 PM 2 B 10/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257524           Compliance Compliance Federal Compliance 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. The file does not contain evidence that the List of Homeownership Counseling Organizations was provided to the borrower.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  2:48:02 PM 2 B 10/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257524           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. The file does not contain evidence that the Home Loan Toolkit was provided to the borrower.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  2:47:18 PM 2 B 10/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257524           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2019-03-01): Initial CD provided.
 10/XX/2018  4:52:30 PM     1 A 10/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257524           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant.  Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller's CD shows $[Redacted] in seller paid closing costs, borrower's final CD shows $x.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  2:47:51 PM 2 A 10/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257524           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $xxx.xx plus 10% or $xxx.xx.  Sufficient or excess cure was provided to the borrower at Closing. (0) The CD increased the Recording Fees. A tolerance cure was provided on the final CD.       10/XX/2018  10:33:11 AM   1 A 10/XX/2018 NY Primary Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
206257524           Compliance Compliance Federal Compliance 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 CD increased the Appraisal Fee. A tolerance cure was provided on the final CD.       10/XX/2018  10:33:11 AM   1 A 10/XX/2018 NY Primary Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
206257524           Compliance Compliance Federal Compliance 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. The CD increased the Transfer Taxes. A tolerance cure was provided on the final CD.       10/XX/2018  10:33:11 AM   1 A 10/XX/2018 NY Primary Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
206257524           Credit Credit Miscellaneous Credit Exception:   Lender approved exception. Borrower is going to divorce. Per borrower's attorney, there is no established alimony or child support. Allow loan to close prior to alimony or child support being established. Self-employed, XXX with 15 years in the same line of work.

Excellent payment history, no late payments listed on credit report.

Credit score of 751 > program requirement of 680.

Property appraised at $1,450,000.00

Included in DTI are both the payment on the borrower's current (where spouse will reside) and new residence.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     10/XX/2018  2:37:19 PM 2 B 10/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257524           Credit Credit Miscellaneous Credit Exception:   Lender approved exception to allow inclusion of funds to close that were directly wired from borrower's business account to escrow. Self-employed, XXX with 15 years in the same line of work.

Excellent payment history, no late payments listed on credit report.

Credit score of 751 > program requirement of 680.

Property appraised at $1,450,000.00

Included in DTI are both the payment on the borrower's current (where spouse will reside) and new residence.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     10/XX/2018  2:37:03 PM 2 B 10/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257524           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Lender approved Self-employed, XXX with 15 years in the same line of work.

Excellent payment history, no late payments listed on credit report.

Credit score of 751 > program requirement of 680.

Property appraised at $1,450,000.00

Included in DTI are both the payment on the borrower's current (where spouse will reside) and new residence.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     10/XX/2018  2:36:48 PM 2 B 10/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257524           Compliance Compliance Federal Compliance 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 Risk. Lender exception [Redacted]   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
 10/XX/2018  2:38:38 PM     1 A 10/XX/2018 NY Primary Purchase Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
206257524           Compliance Compliance Federal Compliance 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. Lender exception [Redacted]   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
 10/XX/2018  2:38:38 PM     1 A 10/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257524           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. Please provide E-sign Consent Agreement as Initial CD was e-signed.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  10:02:55 AM 2 B 10/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257525           Credit Credit Miscellaneous Credit Exception:   Determination that [Redacted]Auto loan is paid by borrowers business based on fact that business has made x payments as opposed to program requirement of [Redacted] payments (business has only made x payments because car is new purchased only x months ago; all payments have been made by business., Lender approved. 21 months reserves 15 months > guideline minimum of 6 months.

Mortgage history 0 x 30 99 months.

Credit score is 738, 18 points > program requirement of 720.

LTV is 59.322%, 25.675% < program maximum of 85%.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     10/XX/2018  12:27:55 PM 2 B 10/XX/2018 NY Primary Purchase   C B C B A A A A Non QM Non QM No
206257526           Credit Income / Employment Income Documentation Income Docs Missing:   Paystub effective [Redacted] is cut-off or missing both the employer and borrower's information.   Reviewer Comment (2019-03-01): Complete pay-stub provided.


Reviewer Comment (2019-03-01): No new information provided.
 11/XX/2018  10:02:29 AM     1 A 10/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257526           Compliance Compliance Federal Compliance 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.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  9:39:00 AM 2 B 10/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257526           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) Invoice in file for Hazard Insurance premium reflects an amount paid of [Redacted] vs. [Redacted] per final CD, resulting in the escrow issues.   Reviewer Comment (2019-03-01): Received/reviewed required documentation. Condition cleared.


Buyer Comment (2019-03-01): HOI invoice reflects premium amount of $x,xxx. Please clear.
 11/XX/2018  12:46:06 PM     1 A 10/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257526           Compliance Compliance Federal Compliance ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower.     Reviewer Comment (2019-03-01): Received/reviewed required documentation. Condition cleared.
 11/XX/2018  12:46:06 PM     1 A 10/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257526           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower.     Reviewer Comment (2019-03-01): Received/reviewed required documentation. Condition cleared.
 11/XX/2018  12:46:06 PM     1 A 10/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257526           Compliance Compliance Federal Compliance 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. Non QM is the expected result.  Due to documentation issues with income items, Due Diligence Loan Designation returned is ATR Fail.   Reviewer Comment (2019-03-01): VVOE provided dated xx/xx/xxxx.


Reviewer Comment (2019-03-01): Pending VVOE


Buyer Comment (2019-03-01): See trailing documents.


Reviewer Comment (2019-03-01): No new information provided.
 11/XX/2018  2:01:58 PM     1 A 10/XX/2018 NY Primary Purchase Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
206257526           Compliance Compliance Federal Compliance General Ability To Repay Provision Employment - Commission Ability to Repay (Dodd-Frank 2014): Unable to verify current Commission employment status using reasonably reliable third-party records. ([Redacted]) WVOE provided is > x months old and no VVOE was completed.   Reviewer Comment (2019-03-01): Lender provided the VVOE dated xx/x/xx xx days before close.


Buyer Comment (2019-03-01): VVOE previously uploaded is dated xx/xx/xx - is dated within xx days of Note date xx/xx/xx.  Please clear.


Reviewer Comment (2019-03-01): VVOE within 10 business days of note date not provided.


Reviewer Comment (2019-03-01): No new information provided.
 11/XX/2018  1:41:10 PM     1 A 10/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257526           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - Schedule B Ability to Repay (Dodd-Frank 2014): Unable to verify Interest / Dividend income using reasonably reliable third-party records. ([Redacted]) Paystubs and WVOE provided for [Redacted] income. Please override.   Reviewer Comment (2019-03-01): Paystubs and WVOE provided for RSU income.


Buyer Comment (2019-03-01): Additional income is from RSU verified through employer.    Not dividend and interest income.  Approved (Redacted) Credit Exception documented in file to use restricted stock.  Please clear.
 11/XX/2018  3:24:16 PM     1 A 10/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257526           Compliance Compliance Federal Compliance NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Documentation issues related to income items causing ATR failure.   Reviewer Comment (2019-03-01): Lender provided the VVOE dated xx/x/xxxx within xx days of closing.


Reviewer Comment (2019-03-01): Pending VVOE


Reviewer Comment (2019-03-01): No new information provided.
 11/XX/2018  8:45:31 AM     1 A 10/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257526           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Neither a copy of the  toolkit nor acknowledgment of receipt of the toolkit is provided.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  9:39:18 AM 2 B 10/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257526           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Initial CD not provided for review and analysis.   Reviewer Comment (2019-03-01): Received/reviewed required documentation. Condition cleared.
 11/XX/2018  12:46:06 PM     1 A 10/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257526           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. No Loan Estimates provided for review and analysis.   Reviewer Comment (2019-03-01): Received/reviewed required documentation. Condition cleared.
 11/XX/2018  12:46:06 PM     1 A 10/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257526           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The following fees are disclosed only on the seller's CD:  
Section C: Payoff Pick up Fee - $[Redacted];
Section F: Water - [Redacted]		   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  9:38:28 AM 1 A 10/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257526           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/580996) Invoice in file for Hazard Insurance premium reflects an amount paid of [Redacted] vs. [Redacted] per final CD.  This discrepancy causes the observed issues related to escrows.   Reviewer Comment (2019-03-01): Received/reviewed required documentation. Condition cleared.


Buyer Comment (2019-03-01): HOI Invoice reflects premium of $x,xxx. Please clear.
 11/XX/2018  12:46:06 PM     1 A 10/XX/2018 NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
206257526           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/580997) Invoice in file for Hazard Insurance premium reflects an amount paid of [Redacted] vs. [Redacted] per final CD.  This discrepancy causes the observed issues related to escrows.   Reviewer Comment (2019-03-01): Received/reviewed required documentation. Condition cleared.


Buyer Comment (2019-03-01): HOI Invoice reflects premium of $x,xxx. Please clear.
 11/XX/2018  12:46:06 PM     1 A 10/XX/2018 NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
206257526           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/580998) Invoice in file for Hazard Insurance premium reflects an amount paid of [Redacted] vs. [Redacted] per final CD.  This discrepancy causes the observed issues related to escrows.   Reviewer Comment (2019-03-01): Received/reviewed required documentation. Condition cleared.


Buyer Comment (2019-03-01): HOI Invoice reflects premium of $x,xxx. Please clear.
 11/XX/2018  12:46:06 PM     1 A 10/XX/2018 NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
206257526           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/580999) Invoice in file for Hazard Insurance premium reflects an amount paid of [Redacted] vs. [Redacted] per final CD.  This discrepancy causes the observed issues related to escrows.   Reviewer Comment (2019-03-01): Received/reviewed required documentation. Condition cleared.


Buyer Comment (2019-03-01): HOI Invoice reflects premium of $x,xxx. Please clear.
 11/XX/2018  12:46:06 PM     1 A 10/XX/2018 NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
206257526           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/580996) Invoice in file for Hazard Insurance premium reflects an amount paid of [Redacted] vs. [Redacted] per final CD.  This discrepancy causes the observed issues related to escrows.   Reviewer Comment (2019-03-01): Received/reviewed required documentation. Condition cleared.


Buyer Comment (2019-03-01): HOI Invoice reflects premium of $x,xxx. Please clear.
 11/XX/2018  12:46:06 PM     1 A 10/XX/2018 NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
206257526           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Neither initial Loan Estimate nor separate disclosure of Right to Receive Copy of Appraisal is provided.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  9:38:49 AM 2 B 10/XX/2018 NY Primary Purchase Good faith redisclosure C B C B C B A A Non QM Non QM Yes
206257526           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Neither initial Loan Estimate nor Disclosure of separate Servicing Transfer Disclosure is provided.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  9:38:40 AM 2 B 10/XX/2018 NY Primary Purchase Good faith redisclosure C B C B C B A A Non QM Non QM Yes
206257526           Credit Guideline Guideline Issue Aged document: Primary Valuation is older than guidelines permit Valuation Type: Appraisal / Valuation Report Date: [Redacted] Re-certification of Value not provided for xnd appraisal.   Reviewer Comment (2019-03-01): Agree with seller. Exception cleared.


Buyer Comment (2019-03-01): Appraisal report #x and Appraisal report #x both reflect the same valuation ($x,xxx,xxx).  CDA Appraisal Review in file reflects valuation used for final loan approval.  Re-certification of value is only required on one report since the lowest value was used from the Appraisal Review (CDA $x,xxx,xxx).  Please clear.


Reviewer Comment (2019-03-01): No new information provided.
 11/XX/2018  11:29:51 AM     1 A 10/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257526           Credit Credit Miscellaneous Credit Exception:   Unacceptable Source of Income (restricted stock income).  Lender Exception approval provided in the file with compensating factors.  Compensating factor not expressed clearly; [Redacted] income has been consistent in the last three years and shows an increasing trend as stock vests in the borrower plan in a x-x year window. Borrower receives income from restricted stock from his employer which are vested in a 3-7 year period.  In 2017, this represented 21% of his earnings.

Borrower is with XXX for over 7 years as an XXX.

737 FICO score > 720 guideline minimum - 17 points above guideline minimum		 Reviewer Comment (2019-03-01): Lender approved exception for restricted stock usable for income.


Buyer Comment (2019-03-01): Compensating factors are properly listed:  
- xxx FICO is xxpts higher than program minimum of xxx required FICO.
- Available Reserves are xx months versus required x months per program requirement.
- Borrower has been employed with XXXXXX for greater than x years as an XXX.  RSU's (restricted stock units) become fully vested x-x year period which means borrowers RSU's are now fully vested and otherwise would not lose them because of compensation structure allowing for negotiation if borrower elected to vacate position with JPM.
- Minimum debt and no public records
Please clear.
     10/XX/2018  2:09:53 PM 2 B 10/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257526           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Confirmed.  A signed and approved Lender Exception with Compensating Factors was provided in the file for the LTV of [Redacted], which exceeds the guideline of [Redacted]. Borrower receives income from restricted stock from his employer which are vested in a 3-7 year period.  In 2017, this represented 21% of his earnings.

Borrower is with XXX for over 7 years as an XXX.

Borrower has employment stability for  > 7 years with XXXXXX Chase.

737 FICO score > 720 guideline minimum - 17 points above guideline minimum		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.


Reviewer Comment (2019-03-01): incorrectly cleared


Reviewer Comment (2019-03-01): Lender approved exception for restricted stock usable for income.


Buyer Comment (2019-03-01): Approved Credit Exception in file. Please clear.
     11/XX/2018  10:45:09 AM 2 B 10/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257526           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Combined loan to value discrepancy. Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. Confirmed.  A signed and approved Lender Exception with Compensating Factors was provided in the file for the LTV of [Redacted], which exceeds the guideline of [Redacted]. Borrower receives income from restricted stock from his employer which are vested in a 3-7 year period.  In 2017, this represented 21% of his earnings.

Borrower is with XXX for over 7 years as an XXX.

Borrower has employment stability for  > 7 years with XXXXXX Chase.

737 FICO score > 720 guideline minimum - 17 points above guideline minimum		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.


Reviewer Comment (2019-03-01): incorrectly cleared


Reviewer Comment (2019-03-01): Lender approved exception for restricted stock usable for income.
     11/XX/2018  10:45:19 AM 2 B 10/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206257526           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. Loan estimates reflect an e-signature by borrower. E-sign Authorization documentation not provided.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  1:08:40 PM 2 B 10/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257526           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. SSPL list was not included in the loan file or trailing documents.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  1:08:52 PM 2 B 10/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257526           Compliance Compliance Federal Compliance 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.         11/XX/2018  12:46:06 PM   1 A 10/XX/2018 NY Primary Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
206257527           Compliance Loan Package Documentation Closing / Title Missing Document: Note - Subject Lien not provided       Reviewer Comment (2019-03-01): Note provided for review.
 10/XX/2018  11:56:13 AM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257527           Credit Loan Package Documentation Closing / Title Missing Document: Security Instrument not provided       Reviewer Comment (2019-03-01): Security Instrument provided for review.
 10/XX/2018  11:56:33 AM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257527           Compliance Compliance Federal Compliance 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. (Type:Primary/[Redacted])     Reviewer Comment (2019-03-01): Effective date of appraisal is xx/xx/xxxx.
 10/XX/2018  1:51:08 PM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257527           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.58380% or Final Disclosure APR of 6.61900% is in excess of allowable threshold of APOR 4.55% + 1.5%, or 6.05000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     10/XX/2018  4:08:49 PM 1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257527           Compliance Compliance Federal Compliance RESPA -  Initial Escrow Account Statement Missing RESPA: Initial escrow account statement was not provided to the borrower.     Reviewer Comment (2019-03-01): Initial Escrow Account Disclosure  provided for testing.
 10/XX/2018  1:55:21 PM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM Yes
206257527           Compliance Compliance Federal Compliance 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 (2019-03-01): Homeownership Counseling List provided.
 10/XX/2018  1:55:21 PM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257527           Compliance Compliance State Compliance (State HPML Provision) New York Subprime Loan (Ability to Repay not Verified) New York Subprime Loan:  Borrower's ability to repay not verified with reliable documentation.     Reviewer Comment (2019-03-01): Documentation provided to verify borrower's ability to repay.
 10/XX/2018  12:15:28 PM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257527           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) New York Subprime Loan: Counseling Disclosure not provided to borrower.     Reviewer Comment (2019-03-01): Received/reviewed required documentation from lender. Condition cleared.
 10/XX/2018  10:27:57 AM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257527           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) New York Subprime Loan:  Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law.     Reviewer Comment (2019-03-01): New York Subprime legend reflected on the mortgage.
 10/XX/2018  1:55:21 PM     1 A 10/XX/2018 NY Primary Purchase 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. D B D A D B A A Non QM Non QM Yes
206257527           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): Received/reviewed required documentation from lender. Condition cleared.
 10/XX/2018  10:27:57 AM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257527           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) Difference due to CD has [Redacted] for taxes and ins escrowed and verified taxes and insurance is [Redacted].   Reviewer Comment (2019-03-01): xx/xx/xx cd provided
 10/XX/2018  4:04:21 PM     1 A 10/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257527           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing documentation.   Reviewer Comment (2019-03-01): Home Loan Toolkit provided.
 10/XX/2018  1:55:21 PM     1 A 10/XX/2018 NY Primary Purchase No Defined Cure D B D A D B A A Non QM Non QM No
206257527           Compliance Compliance Federal Compliance TRID Seller Closing Disclosure TILA-RESPA Integrated Disclosure:  Seller Closing Disclosure not located in the file. (Final/[Redacted]) Missing documentation.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  5:09:04 PM 2 B 10/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257527           Compliance Compliance Federal Compliance 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. Insufficient or no cure was provided to the borrower.   Reviewer Comment (2019-03-01): COC rate lock extended loan amount increase.
 10/XX/2018  4:08:12 PM     1 A 10/XX/2018 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 D B A A Non QM Non QM Yes
206257527           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Insufficient or no cure was provided to the borrower.   Reviewer Comment (2019-03-01): $xxx.xx Settlement fee listed as a shopable fee on the LE.  Borrower did not shop.  Fee reconciled no cure needed as fee was properly disclosed in Section C and then moved to B
 10/XX/2018  4:21:10 PM     1 A 10/XX/2018 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 D B A A Non QM Non QM Yes
206257527           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Final Closing Disclosure provided on [Redacted] disclosed as blank value of the dollar amount by which the Total Closing Costs exceeded the legal limit.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  5:09:21 PM 2 B 10/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257527           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/580884) Difference due to CD has [Redacted] for taxes and ins escrowed and verified taxes and insurance is [Redacted].   Reviewer Comment (2019-03-01): xx/xx/xx cd provided
 10/XX/2018  4:04:21 PM     1 A 10/XX/2018 NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable D B D A D B A A Non QM Non QM Yes
206257527           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Fixed Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/580884) Difference due to CD has [Redacted] for taxes and ins escrowed and verified taxes and insurance is [Redacted].   Reviewer Comment (2019-03-01): xx/xx/xx cd provided
 10/XX/2018  4:04:21 PM     1 A 10/XX/2018 NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable D B D A D B A A Non QM Non QM Yes
206257527           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy.       Reviewer Comment (2019-03-01): Additional assets provided to increase available reserves to xx.xx months.
 10/XX/2018  12:00:38 PM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257527           Credit Loan Package Documentation Application / Processing Missing Document: Missing Final 1003       Reviewer Comment (2019-03-01): Lender Final xxxx provided for review.
 10/XX/2018  12:01:16 PM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257527           Credit Loan Package Documentation Application / Processing Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided       Reviewer Comment (2019-03-01): Transmittal Summary (1008) provided for review.
 10/XX/2018  12:01:43 PM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257527           Credit Missing Document General Incomplete Document: Closing Disclosure is incomplete   Added [Redacted]- Final CD issued on [Redacted] was received by [Redacted] however missing page 5.   Reviewer Comment (2019-03-01): Received/reviewed required documentation from Lender. Condition cleared.
 10/XX/2018  10:31:05 AM     1 A 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257527           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) [Redacted] received Final CD dated [Redacted] and it is missing page 5. Final CD has $[Redacted] for monthly taxes and insurance and verified taxes and insurance are $XXX  Lender is using $[Redacted] for monthly taxes however verified taxes per tax certificate in the loan file are $[Redacted]   Reviewer Comment (2019-03-01): Received/reviewed required documentation from lender. Condition cleared.
 10/XX/2018  10:27:57 AM     1 A 10/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257527           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/586124) [Redacted] received Final CD dated [Redacted] and it is missing page 5. Final CD has $[Redacted] for monthly taxes and insurance and verified taxes and insurance are $[Redacted]  Lender is using $[Redacted] for monthly taxes however verified taxes per tax certificate in the loan file are $[Redacted]   Reviewer Comment (2019-03-01): Received/reviewed required documentation from lender. Condition cleared.
 10/XX/2018  10:27:57 AM     1 A 10/XX/2018 NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable D B D A D B A A Non QM Non QM Yes
206257527           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Fixed Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/586124) [Redacted] received Final CD dated [Redacted] and it is missing page 5. Final CD has $[Redacted] for monthly taxes and insurance and verified taxes and insurance are $[Redacted].  Lender is using $[Redacted] for monthly taxes however verified taxes per tax certificate in the loan file are $[Redacted]   Reviewer Comment (2019-03-01): Received/reviewed required documentation from lender. Condition cleared.


Buyer Comment (2019-03-01): Please see upload
 10/XX/2018  10:27:57 AM     1 A 10/XX/2018 NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable D B D A D B A A Non QM Non QM Yes
206257527           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Total of Payments that does not match the actual total of payments for the loan. (Final/[Redacted]) Missing page x of the [Redacted] CD   Reviewer Comment (2019-03-01): Received/reviewed required documentation from lender. Condition cleared.


Buyer Comment (2019-03-01): Please see upload
 10/XX/2018  10:27:57 AM     1 A 10/XX/2018 NY Primary 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 D B D A D B A A Non QM Non QM Yes
206257527           Compliance Compliance Federal Compliance TRID Seller Closing Disclosure TILA-RESPA Integrated Disclosure:  Seller Closing Disclosure not located in the file. (Final/[Redacted]) Seller Closing Disclosure not located in the loan file.   Reviewer Comment (2019-03-01): Received/reviewed required documentation from lender. Condition cleared.
 10/XX/2018  10:27:57 AM     1 A 10/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257527           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  10:46:39 AM 2 B 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257527           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Counseling disclosure was not provided at the time of the application date of [Redacted]. Document was signed by borrower on [Redacted]. Evidence of borrower's earlier receipt was not provided.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  10:46:25 AM 2 B 10/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257528           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   Please provide fully executed Initial Lender's [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  9:38:48 AM 2 B 9/XX/2018 CA Primary Purchase   B B A A B B A A Non QM Non QM No
206257528           Compliance Compliance Federal Compliance 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. (Type:Secondary/[Redacted]) Per email, appraisal from Montgomery was email to the borrower on [Redacted], however the appraisal report date reflects [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  9:38:58 AM 2 B 9/XX/2018 CA Primary Purchase   B B A A B B A A Non QM Non QM No
206257528           Compliance Compliance Federal Compliance TRID Seller Closing Disclosure TILA-RESPA Integrated Disclosure:  Seller Closing Disclosure not located in the file. (Final/[Redacted]) Please provide Seller CD.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  9:39:10 AM 2 B 9/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
206257528           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Missing evidence of the borrower's receipt of the List of Service Providers.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  9:39:20 AM 2 B 9/XX/2018 CA Primary Purchase No Defined Cure B B A A B B A A Non QM Non QM No
206257529           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Per Note, loan is not assumable, however, consumer's final CD indicates loan may be assumable.   Buyer Comment (2019-03-01): (Redacted) elected to waive
     10/XX/2018  11:44:09 AM 2 B 10/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
206257530           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  9:52:54 AM 2 B 10/XX/2018 LA Primary Purchase   C B C A C B A A Non QM Non QM No
206257530           Credit Credit Credit Eligibility There are red flags on the fraud report that have not been addressed   Fraud Report indicates Borrower's reported income varies from income reported on other loans in lender's inventory, reported income [Redacted] vs income on Ln # [Redacted][Redacted] of [Redacted]. Not addressed in file.   Reviewer Comment (2019-03-01): Per Lender, loan is a wholesale loan and condition can be cleared.


Buyer Comment (2019-03-01): This is a wholesale loan.  Only correspondent loans need to have the red flags cleared.
 10/XX/2018  12:24:57 PM     1 A 10/XX/2018 LA Primary Purchase   C B C A C B A A Non QM Non QM No
206257530           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  9:53:04 AM 2 B 10/XX/2018 LA Primary Purchase   C B C A C B A A Non QM Non QM No
206257530           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) CD is blank in the section by which the total closing costs exceeds legal limit   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  9:53:17 AM 2 B 10/XX/2018 LA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257530           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) File does not contain proof of timely receipt.  The Closing Disclosure was issued on [Redacted], less than x days prior to the closing on [Redacted].   Reviewer Comment (2019-03-01): Received e-doc disclosure. Condition cleared.


Buyer Comment (2019-03-01): xx/xx CD tracking has been uploaded for your review.
 10/XX/2018  12:20:20 PM     1 A 10/XX/2018 LA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257530           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) LE issued [Redacted] is not signed by borrower and the default received date is [Redacted]; the final CD was issued [Redacted].   Reviewer Comment (2019-03-01): Received e-doc disclosure. Condition cleared.
 10/XX/2018  12:20:20 PM     1 A 10/XX/2018 LA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257530           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total [Redacted], while closing CD seller's fees total [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  9:53:28 AM 2 A 10/XX/2018 LA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257530           Compliance Compliance Federal Compliance 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 [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Missing proof of valid change, insufficient or no cure was provided to the borrower.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-03-01): Letter of explanation to cure and front of check uploaded for your review.


Reviewer Comment (2019-03-01): (Redacted) received Corrected CD and Proof of Delivery.  Provide Copy of the Refund Check (front side) and Letter of Explanation  to cure.


Buyer Comment (2019-03-01): PCCD refund uploaded for your review.
   11/XX/2018  1:30:29 PM   2 B 10/XX/2018 LA 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
206257531           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   Missing Lender's Initial [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  2:34:00 PM 2 B 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   D B D A C B A A Non QM Non QM No
206257531           Property Appraisal Reconciliation Value Discrepancy Loan is missing secondary valuation product required for securitization.   Missing Collateral Desktop Analysis.   Reviewer Comment (2019-03-01): Collateral Desktop Analysis provided.


Reviewer Comment (2019-03-01): Incorrectly waived by Client


Buyer Comment (2019-03-01): please do not waive, CDA uploaded


Buyer Comment (2019-03-01): (Redacted) has elected to waive
 11/XX/2018  11:49:01 AM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   D B D A C B A A Non QM Non QM No
206257531           Credit Property - Appraisal Appraisal Reconciliation Appraisal is required to be in name of Lender   Missing a copy(s) of the most recent Appraisal from file for calculation of the Loan to Value for this transaction.   Reviewer Comment (2019-03-01): Received x appraisals. Condition cleared.
 10/XX/2018  4:00:22 PM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   D B D A C B A A Non QM Non QM No
206257531           Credit Credit Credit Documentation Missing Document: Credit Report not provided   Missing credit report.   Reviewer Comment (2019-03-01): Credit report received. Condition cleared.
 10/XX/2018  4:00:37 PM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   D B D A C B A A Non QM Non QM No
206257531           Credit HUD General Refi Purpose reflects Rate/Term and cash out greater than the lesser of 2% of the loan amount or $2000.   Purpose of loan per final [Redacted] is Rate and Term and should be Cash Out - Debt Consolidation per Final CD.  Please provide an updated [Redacted] which reflects the loan purpose is Cash Out-Debt Consolidation.   Reviewer Comment (2019-03-01): Seller provided the revised xxxx as cash  out


Reviewer Comment (2019-03-01): No updated information provided.
 10/XX/2018  5:32:32 PM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   D B D A C B A A Non QM Non QM No
206257531           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: Borrower: [Redacted], Borrower: Borrower: [Redacted] Missing full copy of [Redacted] and [Redacted]'s, [Redacted]'s and [Redacted] K-x's for both borrower and co-borrower.   Reviewer Comment (2019-03-01): xxxx xxxxS was completed xx/xx/xxxx with extension in place and file closed xx/xx/xxxx. Clearing exception.


Reviewer Comment (2019-03-01): Only document provided was wage transcripts for xxxx, no K-x or xxxxS. Exception remains


Reviewer Comment (2019-03-01): Need all pages of xxxx xxxxS for (REDACTED). Only received page x. Also need xxxx K-x for (REDACTED).


Reviewer Comment (2019-03-01): No new documents have been provided. Still need xxxx xxxx's, K-x's and xxxxS's. Need YTD P&L.


Reviewer Comment (2019-03-01): File contains partial xxxx income documents. Have xxxx xxxx's page x signed and xxxx pg x signed. Missing the complete documents. Missing Wx's for borrower and xxxx year to date P&L. Have xxxx year to date balance sheet. Condition remains.


Reviewer Comment (2019-03-01): Missing all of xxxx income docs listed above including the xxxx year to date P&L.
 11/XX/2018  11:35:11 AM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   D B D A C B A A Non QM Non QM No
206257531           Compliance Compliance Federal Compliance TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [Redacted, prior to three (3) business days from transaction date of [Redacted. Final CD reflects closing date of [Redacted] and a disbursement date of [Redacted] yet date of consummation was [Redacted].  A Post Consummation CD correcting the date issues was not provided in the loan file.   Reviewer Comment (2019-03-01): Received/reviewed closing statement reflecting a disbursement date of xx/xx/xxxx. Condition cleared.


Buyer Comment (2019-03-01): HUD-x reflects disbursements date of xx-xx


Reviewer Comment (2019-03-01): No updated information provided.
 10/XX/2018  5:00:16 PM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form D B D A C B A A Non QM Non QM Yes
206257531           Compliance Compliance Federal Compliance 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. ATR fail due to missing income documentation.   Reviewer Comment (2019-03-01): (Redacted) received the xxxx income documents.


Reviewer Comment (2019-03-01): incorrectly cleared.


Reviewer Comment (2019-03-01): xxxx xxxxS was completed xx/xx/xxxx with extension in place and file closed xx/xx/xxxx. Clearing exception.


Reviewer Comment (2019-03-01): Only document provided was wage transcripts for xxxx, no K-x or xxxxS. Exception remains


Reviewer Comment (2019-03-01): Need all pages of xxxx xxxxS for (REDACTED). Only received page x. Also need xxxx K-x for (REDACTED). Need all pages of xxxx xxxx tax returns. Only received paged x.


Reviewer Comment (2019-03-01): No new documents have been provided. Still need xxxx xxxx's, K-x's and xxxxS's. Need YTD P&L.


Reviewer Comment (2019-03-01): File contains partial xxxx income documents. Have xxxx xxxx's page x signed and xxxx pg x signed. Missing the complete documents. Missing Wx's for borrower and xxxx year to date P&L. Have xxxx year to date balance sheet. Condition remains.


Reviewer Comment (2019-03-01): File is still missing all of xxxx income docs including the xxxx year to date P&L.


Buyer Comment (2019-03-01): Please see income docs that were uploaded
 2/XX/2019  12:25:40 PM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Lender to provide updated ATR/QM status D B D A C B A A Non QM Non QM Yes
206257531           Compliance Compliance Federal Compliance General Ability To Repay Provision Credit History Ability to Repay (Dodd-Frank 2014): Unable to verify debt obligations using reasonably reliable third-party records. The file is missing the required Credit report.   Reviewer Comment (2019-03-01): Received credit report. Condition cleared.


Buyer Comment (2019-03-01): Please see credits that were uploaded
 10/XX/2018  3:55:32 PM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   D B D A C B A A Non QM Non QM No
206257531           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - S-Corp Ability to Repay (Dodd-Frank 2014): Unable to verify S-Corp income using reasonably reliable third-party records. ( [Redacted]) The file is missing required Income and Asset documentation for [Redacted].   Reviewer Comment (2019-03-01): (Redacted) Received xxxx income docs.


Reviewer Comment (2019-03-01): incorrectly cleared


Reviewer Comment (2019-03-01): Received xxxx income docs.


Buyer Comment (2019-03-01): Please see income docs that were uploaded
 2/XX/2019  12:12:11 PM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   D B D A C B A A Non QM Non QM No
206257531           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - S-Corp Ability to Repay (Dodd-Frank 2014): Unable to verify S-Corp income using reasonably reliable third-party records. ( [Redacted]) The file is missing required Income and Asset documentation for [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received the xxxx income documents.


Reviewer Comment (2019-03-01): Incorrectly cleared.


Reviewer Comment (2019-03-01): xxxx xxxxS was completed xx/xx/xxxx with extension in place and file closed xx/xx/xxxx. Clearing exception.


Reviewer Comment (2019-03-01): Only document provided was wage transcripts for xxxx, no K-x or xxxxS. Exception remains


Reviewer Comment (2019-03-01): Need all pages of xxxx xxxxS for (REDACTED). Only received page x. Also need xxxx K-x for (REDACTED). Need all pages of xxxx xxxx tax returns. Only received paged x.


Reviewer Comment (2019-03-01): No new documents have been provided. Still need xxxx xxxx's, K-x's and xxxxS's. Need YTD P&L.


Reviewer Comment (2019-03-01): File is still missing all of xxxx income docs including the xxxx year to date P&L and third party verification.


Buyer Comment (2019-03-01): Please see income docs that were uploaded
 2/XX/2019  12:25:40 PM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   D B D A C B A A Non QM Non QM No
206257531           Compliance Compliance Federal Compliance NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. The file is missing required Income, Asset, Credit and Valuation documentation needed to determine Ability to Repay.   Reviewer Comment (2019-03-01): xxxx xxxxS was completed xx/xx/xxxx with extension in place and file closed xx/xx/xxxx. Clearing exception.


Reviewer Comment (2019-03-01): Only document provided was wage transcripts for xxxx, no K-x or xxxxS. Exception remains


Reviewer Comment (2019-03-01): Need all pages of xxxx xxxxS for (REDACTED). Only received page x. Also need xxxx K-x for (REDACTED). Need all pages of xxxx xxxx tax returns. Only received paged x.


Reviewer Comment (2019-03-01): No new documents have been provided. Still need xxxx xxxx's, K-x's and xxxxS's. Need YTD P&L.
 11/XX/2018  11:35:58 AM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   D B D A C B A A Non QM Non QM No
206257531           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted],  Most Recent Tax Return End Date [Redacted], Tax Return Due Date 03/XX/2018. ([Redacted]) The file is missing required tax return documentation for self employment.   Reviewer Comment (2019-03-01): xxxx xxxxS was completed xx/xx/xxxx with extension in place and file closed xx/xx/xxxx. Clearing exception.


Reviewer Comment (2019-03-01): Only document provided was wage transcripts for xxxx, no K-x or xxxxS. Exception remains


Reviewer Comment (2019-03-01): Need all pages of xxxx xxxxS for (REDACTED). Only received page x. Also need xxxx K-x for (REDACTED). Need all pages of xxxx xxxx tax returns. Only received paged x.


Reviewer Comment (2019-03-01): No new documents have been provided. Still need xxxx xxxx's, K-x's and xxxxS's. Need YTD P&L.
 11/XX/2018  11:36:09 AM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   D B D A C B A A Non QM Non QM No
206257531           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) Please provide a Post Consummation CD which corrects the consummation date information.   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): (Redacted) received Wx Transcripts. Please provide PCCD correcting close date and LOE to cure. Exception Stands.
     11/XX/2018  12:43:17 PM 2 B 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure D B D A C B A A Non QM Non QM Yes
206257531           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. (Final/[Redacted]) Loan Calculations: Final Closing Disclosure disclosed a Finance Charge of [Redacted]; the actual finance charge for the loan is [Redacted], a difference of $[Redacted].  Unable to confirm cause of variance based on documents in the file,   Reviewer Comment (2019-03-01): (Redacted) received the Corrected Post CD with the correct fees.  Confirmed from the Final ALTA Settlement Statement the fees on the PC-CD matched the Final Settlement Statement.  Exception cured / recession not required to be re-opened as the fees from final settlement statement matched the Post Close CD and finance charges are correct.


Reviewer Comment (2019-03-01): (Redacted) received PCCD dated xx/xx/xx with the corrected FC due to prepaid interest and courier fees lower than on final CD.  Additional refund not required as the PCCD matches the ALTA Settlement statement.  LOE also provided.  Need the rescission to be reopened and expired along with Proof of Delivery for the RTC to cure.


Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the finance charge. Please provide LOE, Proof of Delivery, Re Open Rescission, and Refund Check to Cure.


Reviewer Comment (2019-03-01): (Redacted) received the PCCD dated (Redacted),  Please provide a Letter of Explanation, Proof of Delivery.
   12/XX/2018  1:27:23 PM   2 B 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation 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 B D A C B A A Non QM Non QM Yes
206257531           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.   Missing interior inspection/appraisal report.   Reviewer Comment (2019-03-01): Received appraisal. Condition cleared.


Buyer Comment (2019-03-01): Please see appraisal upload, appraisal was completed after disaster date.
 10/XX/2018  4:03:26 PM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   D B D A C B A A Non QM Non QM No
206257531           Compliance Compliance Federal Compliance TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on [Redacted] reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (Final/[Redacted]) Closing Disclosure reflected a Broker Processing fee of $xxx and credit report fee of [Redacted] paid to the broker vs. a Third Party.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  12:43:03 PM 2 B 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Good Faith Redisclosure D B D A C B A A Non QM Non QM Yes
206257531           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted],  Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. ([Redacted]) Missing all of [Redacted] income documents and year to date P&L for [Redacted].   Reviewer Comment (2019-03-01): xxxx xxxxS was completed xx/xx/xxxx with extension in place and file closed xx/xx/xxxx. Clearing exception.


Reviewer Comment (2019-03-01): Only document provided was wage transcripts for xxxx, no K-x or xxxxS. Exception remains


Reviewer Comment (2019-03-01): Need all pages of xxxx xxxxS for (REDACTED). Only received page x. Also need xxxx K-x for (REDACTED). Need all pages of xxxx xxxx tax returns. Only received paged x.


Reviewer Comment (2019-03-01): No new documents have been provided. Still need xxxx xxxx's, K-x's and xxxxS's. Need YTD P&L.
 11/XX/2018  11:36:25 AM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   D B D A C B A A Non QM Non QM No
206257531           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Property Value TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed an Appraised Property Value that did not match the actual Property Value for the loan. (Final/[Redacted]) Under review   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): Final Cd reflect an appraised value of $x,xxx,xxx, however the appraisal reflects $x.xxx,xxx.
     11/XX/2018  12:42:47 PM 2 B 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure D B D A C B A A Non QM Non QM Yes
206257531           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Review calculation of debt ratio is [Redacted]% which exceeds the maximum debt ratio of [Redacted] per guides. Discrepancy is due to differences in income calculation for primary borrower. Lender calculated self employed income at [Redacted] and Wx income at [Redacted]. However review calculated combined income at [Redacted]. File is missing all of the [Redacted] income documents and the [Redacted] year to date P&L. In addition, there is no evidence in the loan file that the XXX bill for $[Redacted] was paid in full.   Reviewer Comment (2019-03-01): Updated qualifying rate and P&I, DTI corrected.


Reviewer Comment (2019-03-01): Only document provided was wage transcripts for xxxx, no K-x or xxxxS. Exception remains


Reviewer Comment (2019-03-01): Need all pages of xxxx xxxxS for (REDACTED). Only received page x. Also need xxxx K-x for (REDACTED). Need all pages of xxxx xxxx tax returns. Only received paged x.


Reviewer Comment (2019-03-01): No new documents have been provided. Still need xxxx xxxx's, K-x's and xxxxS's. Need YTD P&L.
 11/XX/2018  12:00:24 PM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   D B D A C B A A Non QM Non QM No
206257531           Compliance Compliance Federal Compliance 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. Failure due to debt ratio exceeding maximum allowed.   Reviewer Comment (2019-03-01): xxxx xxxxS was completed xx/xx/xxxx with extension in place and file closed xx/xx/xxxx. Clearing exception.


Reviewer Comment (2019-03-01): Only document provided was wage transcripts for xxxx, no K-x or xxxxS. Exception remains


Reviewer Comment (2019-03-01): Need all pages of xxxx xxxxS for (REDACTED). Only received page x. Also need xxxx K-x for (REDACTED). Need all pages of xxxx xxxx tax returns. Only received paged x.


Reviewer Comment (2019-03-01): No new documents have been provided. Still need xxxx xxxx's, K-x's and xxxxS's. Need YTD P&L.
 11/XX/2018  12:02:02 PM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   D B D A C B A A Non QM Non QM No
206257531           Compliance Compliance Federal Compliance ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation Unable to determine if the borrower signed a valuation receipt acknowledgment due to missing information. (Type:Additional/[Redacted)     Reviewer Comment (2019-03-01): Issue cleared
 11/XX/2018  12:26:25 PM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   D B D A C B A A Non QM Non QM No
206257531           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Additional/[Redacted])     Reviewer Comment (2019-03-01): Copy of valuation not needed to be sent to borrower for AVM.
 11/XX/2018  2:52:17 PM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   D B D A C B A A Non QM Non QM No
206257531           Compliance Compliance Federal Compliance General Ability To Repay Provision Monthly Payment - Interest-Only Ability-to-Repay (Dodd-Frank 2014): Improper calculation method used for Non QM qualifying monthly payment (interest-only loan with no balloon payment due within first five (5) years). Per guidelines, correct method used.   Reviewer Comment (2019-03-01): Per guidelines, correct method used.
 11/XX/2018  12:17:16 PM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   D B D A C B A A Non QM Non QM No
206257531           Compliance Compliance Federal Compliance 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 changed circumstance was provided prior to the [Redacted] increase in loan amount.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx COC indicating a loan amount increase corresponding with increase of fee. Exception Cleared.
 11/XX/2018  7:41:33 AM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation 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
206257531           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.       Reviewer Comment (2019-03-01): disaster inspection report provided, with disaster End Date of xx/xx/xxxx
 12/XX/2018  3:17:21 PM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Debt Consolidation   D B D A C B A A Non QM Non QM No
206257532           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   The Lender's approval was not provided in file.   Reviewer Comment (2019-03-01): Approval provided for review.
 10/XX/2018  12:00:51 PM     1 A 10/XX/2018 NV Primary Purchase   C B C A C B A A Non QM Non QM No
206257532           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  4:39:47 PM 2 B 10/XX/2018 NV Primary Purchase   C B C A C B A A Non QM Non QM Yes
206257532           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) The Note Date and Closing Date per Final CD is [Redacted], however, the Security Instrument and Final CD were signed by the Borrower on [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  4:39:14 PM 2 B 10/XX/2018 NV Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257532           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller Change - Closing Costs Financed TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether there was a change in the Closing Costs Financed. (Final/[Redacted]) The Closing Costs Financed, Down Payment and Funds for Borrower did not change, however, the Final CD indicates "yes" in the "Did this change?" column.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  4:39:23 PM 2 B 10/XX/2018 NV Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257532           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller Change - Down Payment TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether there was a change in the Down Payment/Funds from Borrower. (Final/[Redacted]) The Closing Costs Financed, Down Payment and Funds for Borrower did not change, however, the Final CD indicates "yes" in the "Did this change?" column.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  4:39:30 PM 2 B 10/XX/2018 NV Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257532           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller Change - Funds For Borrower TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether there was a change in the Funds for Borrower. (Final/[Redacted]) The Closing Costs Financed, Down Payment and Funds for Borrower did not change, however, the Final CD indicates "yes" in the "Did this change?" column.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  4:39:38 PM 2 B 10/XX/2018 NV Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257532           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. The Settlement Service Provider disclosure is missing.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  4:38:43 PM 2 B 10/XX/2018 NV Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257532           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $x,xxx.xx plus 10% or $x,xxx.xx.  Insufficient or no cure was provided to the borrower. (0) The Title - Settlement/Closing/Escrow Fee, Title - Endorsement Fee and Title - Lender's Title Insurance fees increased without a valid change of circumstance provided and no evidence of cure provided to Borrower.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided.
   11/XX/2018  4:20:11 PM   2 B 10/XX/2018 NV 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
206257532           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The Title - Settlement/Closing/Escrow Fee, Title - Endorsement Fee and Title - Lender's Title Insurance fees increased without a valid change of circumstance provided and no evidence of cure provided to Borrower.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  4:40:30 PM 2 B 10/XX/2018 NV Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257532           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy.   The increase in debt to income ratio is due to the inclusion of the monthly housing expense of [Redacted] XXX disclosed on the Initial [Redacted]. Although this property did not appear on the Final [Redacted] REO section, there is no documentation in file to support the exclusion of this debt.   Reviewer Comment (2019-03-01): Removed xxx-xxx XXX from REO income as documentation provided reflects a Commercial property.


Buyer Comment (2019-03-01): xxx-xxx is a Commercial property. Please exclude.
 11/XX/2018  1:19:34 PM     1 A 10/XX/2018 NV Primary Purchase   C B C A C B A A Non QM Non QM No
206257532           Compliance Compliance Federal Compliance 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 Risk. Final DTI calculations exceeded the maximum allowable per guidelines causing an ATR risk and ultimately Loan Designation failure.   Reviewer Comment (2019-03-01): Removed xxx-xxx from REO income as documentation provided reflects a Commercial property.
 11/XX/2018  1:21:01 PM     1 A 10/XX/2018 NV Primary Purchase Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM Yes
206257532           Compliance Compliance Federal Compliance 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. Final DTI calculations exceeded the maximum allowable per guidelines causing an ATR risk and ultimately Loan Designation failure.   Reviewer Comment (2019-03-01): Removed xxx-xxx from REO income as documentation provided reflects a Commercial property.
 11/XX/2018  1:21:01 PM     1 A 10/XX/2018 NV Primary Purchase   C B C A C B A A Non QM Non QM No
206257532           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) There were several seller paid fees that appeared on the Seller CD that were not disclosed on the Borrower's Final CD. Also, there is a discrepancy regarding the amount of the following fees: Title - Settlement $[Redacted] on Borrower's CD versus [Redacted] on Seller CD, Title - Owner's Title Policy $[Redacted] versus $[Redacted] on Seller CD.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  4:38:51 PM 1 A 10/XX/2018 NV Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257533           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.60190% or Final Disclosure APR of 6.64600% is in excess of allowable threshold of APOR 4.64% + 1.5%, or 6.14000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) purchases HPML Compliant loans.
     10/XX/2018  2:08:36 PM 1 A 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257533           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  5:01:16 PM 2 B 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM Yes
206257533           Compliance Compliance State Compliance (State HPML Provision) New York Subprime Loan (Ability to Repay not Verified) New York Subprime Loan:  Borrower's ability to repay not verified with reliable documentation.     Reviewer Comment (2019-03-01): Third party verification provided.
 11/XX/2018  2:35:44 PM     1 A 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257533           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): Third party verification provided.
 11/XX/2018  2:35:44 PM     1 A 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257533           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not document the tolerance cure correctly.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  5:02:21 PM 2 B 10/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257533           Compliance Compliance Federal Compliance 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 CD issued on [Redacted] increased the Transfer Tax without a valid change of circumstance.  The tolerance cure provided on the final CD was not documented correctly.  The amount was not entered into Section J on page x or in the Calculating Cash to Close table on page x.   Reviewer Comment (2019-03-01): (Redacted) received, Proof of Delivery,  and Corrected CD
   11/XX/2018  7:52:37 PM   2 B 10/XX/2018 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
206257533           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) New York Subprime Loan: Counseling Disclosure not provided to borrower.     Reviewer Comment (2019-03-01): New York Subprime Loan: Counseling Disclosure provided.
 11/XX/2018  2:25:18 PM     1 A 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257533           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan. .   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  9:37:24 AM 2 B 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257533           Compliance Compliance Federal Compliance 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. per new data       11/XX/2018  7:55:12 PM   1 A 10/XX/2018 NY Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
206257534           Credit Assets Asset Calculation / Analysis Available for Closing is insufficient to cover Cash From Borrower.   System calculated cash required of [Redacted] exceeds lender's approval cash required of [Redacted]   Reviewer Comment (2019-03-01): Received/reviewed updated documentation. Condition cleared.


Buyer Comment (2019-03-01): xxx is neg rent on their retained rental property


Also for funds due at closing, we're being conservative using xx% of the balance of the xxxk; since the xxxk balance would exceed the amount needed from the retirement by > xx% we can use xxx% of the balance so we can list retirement as $xxxxx.xx too if needed.
 10/XX/2018  2:29:14 PM     1 A 10/XX/2018 FL Primary Purchase   C B C B B B A A Non QM Non QM No
206257534           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ Lender is using a debt for [Redacted] a month unable to determine source as not on credit report - please also provide proof of debt if not in the missing paystub..   Reviewer Comment (2019-03-01): Received/reviewed additional information provided. Condition cleared.


Buyer Comment (2019-03-01): The xxx is negative rent income
 10/XX/2018  2:29:44 PM     1 A 10/XX/2018 FL Primary Purchase   C B C B B B A A Non QM Non QM No
206257534           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.43420% or Final Disclosure APR of 6.52800% is in excess of allowable threshold of APOR 4.86% + 1.5%, or 6.36000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     10/XX/2018  4:32:55 PM 1 A 10/XX/2018 FL Primary Purchase   C B C B B B A A Non QM Non QM No
206257534           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (Final/[Redacted]) Lowest available index [Redacted] within look back Lender used a index from outside the look back on lock if [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  12:51:22 PM 2 B 10/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
206257534           Compliance Compliance Federal Compliance 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. Flood Cert fee of [Redacted] changed without a valid change circumstance. Out of tolerance       10/XX/2018  2:20:43 PM   1 A 10/XX/2018 FL Primary Purchase Final CD evidences Cure C B C B B B A A Non QM Non QM Yes
206257534           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Lender approved exception. Borrower has had only 1x30 late payment (7/2018) on an auto loan in the past 66 months since 4/2013 and has no public records.

Borrower has been employed as a  XXX for the past 31 years

12.63 months of reserves, 9.63 months > program requirement of 3 months

Credit score is 678, 58 points > program requirement of 660

LTV is 68%, 17% < program maximum of 85%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.


Reviewer Comment (2019-03-01): Incorrectly cleared.


Reviewer Comment (2019-03-01): Lender approved exception for DR at xx.xxx% vs program maximum of xx%.
     11/XX/2018  5:16:18 PM 2 B 10/XX/2018 FL Primary Purchase   C B C B B B A A Non QM Non QM No
206257535           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  1:40:21 PM 2 B 10/04/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257535           Credit Missing Document General Incomplete Document: Closing Disclosure is incomplete   The file does not contain a complete final disclosure, page [Redacted]of document dated [Redacted] only   Reviewer Comment (2019-03-01): Final CD provided
 10/XX/2018  4:50:28 PM     1 A 10/04/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257535           Compliance Compliance Federal Compliance RESPA -  Initial Escrow Account statement Inaccurate RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. File is missing the final closing disclosure   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  1:41:13 PM 2 B 10/04/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM Yes
206257535           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) File is missing the final closing disclosure   Reviewer Comment (2019-03-01): Final CD provided
 10/XX/2018  4:49:41 PM     1 A 10/04/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257535           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) Disclosure provided reflects an inaccurate total for homeowners insurance pre paids in section G. Total annual premium is [Redacted]. Disclosure reflects [Redacted] per month, this is causing exceptions for payment streams and escrow estimates throughout the disclosure.   Reviewer Comment (2019-03-01): Final CD provided


Buyer Comment (2019-03-01): Insurance premium is $x,xxx.xx, CD reflects an amount of $xxx.xx per month with x months collected for reserves. this is correct. Please clear
 10/XX/2018  4:49:41 PM     1 A 10/04/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257535           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/593319) Disclosure provided reflects an inaccurate total for homeowners insurance pre paids in section G. Total annual premium is [Redacted]. Disclosure reflects [Redacted] per month, this is causing exceptions for payment streams and escrow estimates throughout the disclosure.   Reviewer Comment (2019-03-01): Final CD provided


Buyer Comment (2019-03-01): Insurance premium is $x,xxx.xx, CD reflects an amount of $xxx.xx per month with x months collected for reserves. this is correct. Please clear
 10/XX/2018  4:49:41 PM     1 A 10/04/2018 CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
206257535           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/593320) Disclosure provided reflects an inaccurate total for homeowners insurance pre paids in section G. Total annual premium is [Redacted]. Disclosure reflects [Redacted] per month, this is causing exceptions for payment streams and escrow estimates throughout the disclosure.   Reviewer Comment (2019-03-01): Final CD provided


Buyer Comment (2019-03-01): Insurance premium is $x,xxx.xx, CD reflects an amount of $xxx.xx per month with x months collected for reserves. this is correct. Please clear
 10/XX/2018  4:49:41 PM     1 A 10/04/2018 CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
206257535           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/593321) Disclosure provided reflects an inaccurate total for homeowners insurance pre paids in section G. Total annual premium is [Redacted]. Disclosure reflects [Redacted] per month, this is causing exceptions for payment streams and escrow estimates throughout the disclosure.   Reviewer Comment (2019-03-01): Final CD provided


Buyer Comment (2019-03-01): Insurance premium is $x,xxx.xx, CD reflects an amount of $xxx.xx per month with x months collected for reserves. this is correct. Please clear
 10/XX/2018  4:49:41 PM     1 A 10/04/2018 CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
206257535           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/593322) Disclosure provided reflects an inaccurate total for homeowners insurance pre paids in section G. Total annual premium is [Redacted]. Disclosure reflects [Redacted] per month, this is causing exceptions for payment streams and escrow estimates throughout the disclosure.   Reviewer Comment (2019-03-01): Final CD provided


Buyer Comment (2019-03-01): Insurance premium is $x,xxx.xx, CD reflects an amount of $xxx.xx per month with x months collected for reserves. this is correct. Please clear
 10/XX/2018  4:49:41 PM     1 A 10/04/2018 CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
206257535           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/593319) Disclosure provided reflects an inaccurate total for homeowners insurance pre paids in section G. Total annual premium is [Redacted]. Disclosure reflects [Redacted] per month, this is causing exceptions for payment streams and escrow estimates throughout the disclosure.   Reviewer Comment (2019-03-01): Final CD provided


Buyer Comment (2019-03-01): Insurance premium is $x,xxx.xx, CD reflects an amount of $xxx.xx per month with x months collected for reserves. this is correct. Please clear
 10/XX/2018  4:49:41 PM     1 A 10/04/2018 CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
206257535           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Prepaid Interest TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] did not disclose figures for prepaid interest under Prepaids. (Final/[Redacted]) Disclosure provided does not provide an interest paid to date   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  1:46:25 PM 2 B 10/04/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257535           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing evidence that the borrower was provided the home loam toolkit within x business days of application   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     10/XX/2018  1:46:40 PM 2 B 10/04/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257535           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Lender approved exception for loan amount over [Redacted] Borrower has 5 open mortgages and 13 closed mortgages reporting no late since inception. No late payment on credit report since inception earliest date 1/1977. Experienced investor. No public records.

Borrower has been self employment in the same line of work for the past 31 years

34.11680% DTI on this bank statement documentation loan < 50.00% guideline max		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     10/XX/2018  1:07:26 PM 2 B 10/04/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257535           Credit Assets Asset Calculation / Analysis Available for Closing is insufficient to cover Cash From Borrower.       Reviewer Comment (2019-03-01): CD provided for source of $x,xxx,xxx.xx EMD.


Reviewer Comment (2019-03-01): Closing statement uploaded xx/xx is blank and CD for xxx XXX is a Draft with cash to borrower of x,xxx,xxx.xx please provided the final CD.


Buyer Comment (2019-03-01): Source of funds was through a cash-out refi


Reviewer Comment (2019-03-01): Provide source account for wired funds of $x,xxx,xxx.xx on xx/xx/xxxx.
 11/XX/2018  12:40:47 PM     1 A 10/04/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257535           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy.       Reviewer Comment (2019-03-01): Updated assets statements provided for additional months of reserves.


Buyer Comment (2019-03-01): Please recalculate after reviewing the upload for funds to close.
 10/XX/2018  3:13:14 PM     1 A 10/04/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257535           Compliance Compliance Federal Compliance ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower.   Reviewer Comment (2019-03-01): ARM loan program disclosure provided.


Buyer Comment (2019-03-01): ARM tracking
 10/XX/2018  3:18:09 PM     1 A 10/04/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257535           Credit Credit Miscellaneous Credit Exception:   Allow borrower to close in an [Redacted] Borrower has 5 open mortgages and 13 closed mortgages reporting no late since inception. No late payment on credit report since inception earliest date 1/1977. Experienced investor. No public records.

Borrower has been self employment in the same line of work for the past 31 years

34.11680% DTI on this bank statement documentation loan < 50.00% guideline max		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     10/XX/2018  1:07:12 PM 2 B 10/04/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257535           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) Added [Redacted] Final CD has a closing date of 10/XX/2018.  Borrower signed and closed loan on 10/XX/2018.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  8:00:09 PM 2 B 10/04/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257535           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Demand Feature TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan contains a Demand Feature. (Final/[Redacted]) Added [Redacted] Page 4 of the Final CD does not have a box checked for the demand feature.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     10/XX/2018  8:00:22 PM 2 B 10/04/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257536           Credit Income / Employment Income Documentation Income Docs Missing:   Missing all pages of  most recent ([Redacted]) Tax returns for  S Corp  [Redacted] Note: only page x of return has been provided for qualifying income. Borrower owns a property valued at 5.95 million with a mortgage balance of 46,000 and less than 10 payments remaining which borrower is now selling

219 months reserves > 12 months guideline minimum

Perfect mortgage history going back a full 99 months and low balance to limit ratios on all non mortgage accounts.

Borrower has employment stability for 43 years in the XXX.

Credit Score is 737, 37 points > program requirement of 700.		 Reviewer Comment (2019-03-01): Lender approved exception for DTI of xx.xx% vs program max of xx%


Reviewer Comment (2019-03-01): No additional income has been provided to reduce DTI. Based on income documentation provided, Income breakdown: (REDACTED) $xx,xxx.xx, (REDACTED) $xxxxx.xx, (REDACTED) $xxxx.xx, A (REDACTED) -$xx,xxx.xx, (REDACTED) -$xxxx.xx, (REDACTED) -$xx.xx and (REDACTED) -$xx.xx. Total income: $xx,xxx.xx


Reviewer Comment (2019-03-01): Per income documentation provided, current DTI is xx.xxx%. Requesting additional income for XXX, per CPA letter, to bring DTI in-line. Final xxxx doesn't specify which companies were used in qualifying and no U/W analysis was provided to confirm as well.


Reviewer Comment (2019-03-01): xxxx tax returns are in file. However, missing income docs for XXXXXX, mentioned on CPA letter. Provide all schedules for income analysis. Also need xxxx xxxx for (REDACTED)uctions.
     11/XX/2018  1:29:22 PM 2 B 10/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257536           Credit Assets Asset Documentation Guideline Issue:Insufficient asset documentation.   Missing page x of both September and August Statements for assets with [Redacted]Bank #[Redacted].   Reviewer Comment (2019-03-01): (REDACTED) and (REDACTED) Statements for assets with XXX #xxxxxxx were provided.
 10/XX/2018  2:06:06 PM     1 A 10/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257536           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Charge-offs / Balance:  [Redacted] Proof of  payoff in full of Collection account in the amount of [Redacted] (per Credit Supplement effective [Redacted])  with XXX was not provided prior to close.   Reviewer Comment (2019-03-01): Guideline provided by seller indicates that collections or charge-offs exceeding $xxxx.xx to be paid off in full.


Reviewer Comment (2019-03-01): Guidelines used are x/xx/xxxx (note date xx/xx/xx)and do not carry verbiage of x,xxx please advise on guidelines used that contain x,xxx verbiage.


Reviewer Comment (2019-03-01): Guideline does not indicate "exceeding $xxxx.xx". Exception remains.


Buyer Comment (2019-03-01): Per updated guidelines dated xx/xx - x.x.x Collection and Charge-off Accounts - All non-medical collection accounts and charge-offs exceeding $xxxx, which are not in dispute (except collection accounts and charge offs no longer enforceable due to the applicable state statute of limitations), must be paid in full prior to or at the time of a Loans' funding by the originating lender. Please clear this condition.
 11/XX/2018  9:04:31 AM     1 A 10/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257536           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted],  Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. ([Redacted]) Loan closed [Redacted] -  Missing [Redacted] Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  12:40:01 PM 2 B 10/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257536           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted],  Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. ([Redacted]) Loan closed [Redacted] -  Missing [Redacted] Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  12:40:13 PM 2 B 10/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257536           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted],  Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. ([Redacted]) Loan closed [Redacted] -  Missing [Redacted] Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  12:40:23 PM 2 B 10/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257536           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted],  Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. ([Redacted]) Loan closed [Redacted] -  Missing [Redacted] Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  12:40:37 PM 2 B 10/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257536           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted],  Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. ([Redacted]) Loan closed [Redacted] -  Missing [Redacted] Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  12:40:45 PM 2 B 10/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257536           Compliance Compliance Federal Compliance Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted],  Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. ([Redacted]) Loan closed [Redacted] -  Missing [Redacted] Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  12:40:57 PM 2 B 10/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257536           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) Final disclosure reflects a closing date of [Redacted], document was executed on [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  12:41:07 PM 2 B 10/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257536           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Calculated investor qualifying total debt ratio of 95.04488% exceeds Guideline total debt ratio of 50.00000%. Borrower owns a property valued at 5.95 million with a mortgage balance of 46,000 and less than 10 payments remaining which borrower is now selling

219 months reserves > 12 months guideline minimum

Perfect mortgage history going back a full 99 months and low balance to limit ratios on all non mortgage accounts.

Borrower has employment stability for 43 years in the XXX.

Credit Score is 737, 37 points > program requirement of 700.		 Reviewer Comment (2019-03-01): Lender approved exception for DTI of xx.xx% vs program max of xx%


Reviewer Comment (2019-03-01): Updated income and DTI is 51.75% vs 51.59%


Reviewer Comment (2019-03-01): Current DTI is xx.xxx% as opposed to xx.xx% per lender exception.


Reviewer Comment (2019-03-01): No additional income has been provided to reduce DTI. Based on income documentation provided, Income breakdown: (REDACTED) $xx,xxx.xx, (REDACTED) $xxxxx.xx, (REDACTED) $xxxx.xx, A (REDACTED) -$xx,xxx.xx, (REDACTED) -$xxxx.xx, (REDACTED) -$xx.xx and (REDACTED) -$xx.xx. Total income: $xx,xxx.xx
     11/XX/2018  1:28:18 PM 2 B 10/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257536           Compliance Compliance Federal Compliance 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 Risk. Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk due to ATR.   Reviewer Comment (2019-03-01): Lender approved exception for DTI of xx.xx% vs program max of xx%


Reviewer Comment (2019-03-01): Updated income and DTI is 51.75% vs 51.59%


Reviewer Comment (2019-03-01): Current DTI is xx.xxx% as opposed to xx.xx% per lender exception.
 11/XX/2018  1:34:02 PM     1 A 10/XX/2018 CA Primary Purchase Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
206257536           Compliance Compliance Federal Compliance 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. Based on the loan failing one or more guideline components, the loan is at ATR risk due to DTI < 50%   Reviewer Comment (2019-03-01): Lender approved exception for DTI of xx.xx% vs program max of xx%


Reviewer Comment (2019-03-01): Updated income and DTI is 51.75% vs 51.59%


Reviewer Comment (2019-03-01): Current DTI is xx.xxx% as opposed to xx.xx% per lender exception.
 11/XX/2018  1:34:02 PM     1 A 10/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257536           Credit Credit Miscellaneous Credit Exception:   Allow implied interest rate at 3.75 on a.[Redacted] in assets - assets must be verified Borrower owns a property valued at 5.95 million with a mortgage balance of 46,000 and less than 10 payments remaining which borrower is now selling

219 months reserves > 12 months guideline minimum

Perfect mortgage history going back a full 99 months and low balance to limit ratios on all non mortgage accounts.

Borrower has employment stability for 43 years in the XXX

Credit Score is 737, 37 points > program requirement of 700.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     10/XX/2018  11:06:52 AM 2 B 10/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257536           Credit Credit Miscellaneous Credit Exception:   Exclude taxes and insurance on property being sold from DTI calculation Borrower owns a property valued at 5.95 million with a mortgage balance of 46,000 and less than 10 payments remaining which borrower is now selling

219 months reserves > 12 months guideline minimum

Perfect mortgage history going back a full 99 months and low balance to limit ratios on all non mortgage accounts.

Borrower has employment stability for 43 years in the XXX

Credit Score is 737, 37 points > program requirement of 700.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     10/XX/2018  11:07:03 AM 2 B 10/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257536           Credit Credit Miscellaneous Credit Exception:   Allow use of business funds for closing without transfer to personal account vs program requirement that all funds to close be transferred to personal account prior to closing Borrower owns a property valued at 5.95 million with a mortgage balance of 46,000 and less than 10 payments remaining which borrower is now selling

219 months reserves > 12 months guideline minimum

Perfect mortgage history going back a full 99 months and low balance to limit ratios on all non mortgage accounts.

Borrower has employment stability for 43 years in the XXX

Credit Score is 737, 37 points > program requirement of 700.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     10/XX/2018  11:07:22 AM 2 B 10/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257536           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		     Reviewer Comment (2019-03-01): Catastrophic disaster report provided.
 11/XX/2018  3:03:43 PM     1 A 10/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257537           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted])     Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting amount of escrowed property costs over x year and LOE. Exception Cured.


Reviewer Comment (2019-03-01): Page x of the CD reflects $x,xxx.xx as Escrowed costs over Year x.  However, monthly escrow is $xxx.xx.  Page x needs to be updated to reflect the correct amount of escrow over year x.  Corrected CD and Letter of Explanation to borrower required to cure.


Buyer Comment (2019-03-01): Escrows are correct. Insurance premium is $xxx @ $xx.xx a month with x months collected
Taxes are correct. Annual payment is $x,xxx.xx @ $xxx.xx a month with x months collected
   11/XX/2018  2:12:52 PM   2 B 10/XX/2018 VA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257537           Credit Assets Asset Documentation Guideline Issue:Insufficient asset documentation. Financial Institution: [Redacted] / End Date: [Redacted] // Account Type:[Redacted]/ Account Number: [Redacted] Per FNMA guidelines, x months' statements are required.  There is no overlay outlined in investor guidelines to allow x month statement. 753 representative FICO score > 660 guideline minimum by more than 93 points

24.163% DTI on this Asset Depletion documentation loan < 50% guideline max by 25.837%		 Reviewer Comment (2019-03-01): Lender approved exception for x month bank statement to verify assets vs program requirement of x months.


Reviewer Comment (2019-03-01): No additional assets documents have been provided for XXX, only x month in file.


Reviewer Comment (2019-03-01): Trailing doc provided XXX is a duplicate account already in file. Need additional month for x months requirement.
     11/XX/2018  8:44:45 AM 2 B 10/XX/2018 VA Primary Purchase   C B C B C B A A Non QM Non QM No
206257539           Credit Credit AUS Discrepancy / Guidelines Discrepancy AUS Findings: All conditions were not met   Statements requested by Underwriter - Provide all pages of regular bank statements for accounts with XXX or the most recent consecutive x month period to support income used for qualifying -Not provided   Reviewer Comment (2019-03-01): Agree with client. Exception cleared.


Buyer Comment (2019-03-01): (REDACTED) statement in file meets UW guidelines for the SP Ax "Asset Depletion" program.  Two months is not required.  Please clear.


Reviewer Comment (2019-03-01): Only x month of statements provided, need additional month for x mon requirement.


Buyer Comment (2019-03-01): (REDACTED) statement documented in file is the full statement.
 11/XX/2018  12:32:11 PM     1 A 10/XX/2018 AL Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257539           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Borrower was not provided with right to receive a copy of the Appraisal Disclosure   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  12:41:48 PM 2 B 10/XX/2018 AL Primary Refinance - Cash-out - Other Good faith redisclosure C B C A C B A A Non QM Non QM Yes
206257539           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.46390% or Final Disclosure APR of 6.48700% is in excess of allowable threshold of APOR 4.86% + 1.5%, or 6.36000%.  Non-Compliant Higher Priced Mortgage Loan. Final Disclosure APR of [Redacted] is in excess of the APOR allowable threshold of [Redacted]   Reviewer Comment (2019-03-01): .
 11/XX/2018  4:44:58 PM     1 A 10/XX/2018 AL Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257539           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - HPML Status HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Borrower was not provided with the right to receive a copy of the Appraisal Disclosure   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  12:41:57 PM 2 B 10/XX/2018 AL Primary Refinance - Cash-out - Other Good faith redisclosure C B C A C B A A Non QM Non QM No
206257539           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Servicing disclosure not provided to borrower   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  12:42:04 PM 2 B 10/XX/2018 AL Primary Refinance - Cash-out - Other Good faith redisclosure C B C A C B A A Non QM Non QM Yes
206257539           Compliance Compliance Federal Compliance 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. Borrower was not provided with a list of  Homeownership Counseling Organizations   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  12:42:11 PM 2 B 10/XX/2018 AL Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257539           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The Final Closing Disclosure stated an inaccurate amount that the Total Closing Costs exceeded the legal limit   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  12:42:19 PM 2 B 10/XX/2018 AL Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257539           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. Loan Estimate not provided to the borrower   Reviewer Comment (2019-03-01): (Redacted) received x Loan Estimates x/x/xx, x/xx/xx and xx/x/xx.
 11/XX/2018  4:44:58 PM     1 A 10/XX/2018 AL Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206257539           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Tax Pick Up Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Title (TI) Tax Fee Amount of [Redacted] exceeds tolerance of [Redacted] No cure provided to the borrower   Reviewer Comment (2019-03-01): (Redacted) received an attestation fee was required by Borrower's chosen provider.


Buyer Comment (2019-03-01): Borrower shopped for their own selected Title company.  Please clear.
 11/XX/2018  4:48:22 PM     1 A 10/XX/2018 AL 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
206257539           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Lender's Title Insurance.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Title - Lenders Title Insurance Fee Amount of [Redacted] exceeds tolerance of [Redacted]. No cure was provided to the borrower   Reviewer Comment (2019-03-01): (Redacted) received an attestation fee was required by Borrower's chosen provider.


Buyer Comment (2019-03-01): Borrower shopped for their own selected Title company.  Please clear.
 11/XX/2018  4:48:22 PM     1 A 10/XX/2018 AL 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
206257540           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     10/XX/2018  8:58:26 AM 2 B 10/XX/2018 NC Primary Purchase   C B A A C B A A Non QM Non QM No
206257540           Compliance Compliance Federal Compliance 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. (Type:Primary/[Redacted]) The file contained documentation verifying the borrower received a copy of the appraisal on [Redacted] which is prior to the revised appraisal date of [Redacted].  Missing documentation verifying the borrower received a copy of the updated appraisal.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     10/XX/2018  8:57:58 AM 2 B 10/XX/2018 NC Primary Purchase   C B A A C B A A Non QM Non QM No
206257540           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Additional/[Redacted])     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     10/XX/2018  8:58:32 AM 2 B 10/XX/2018 NC Primary Purchase   C B A A C B A A Non QM Non QM No
206257540           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     10/XX/2018  8:57:34 AM 2 B 10/XX/2018 NC Primary Purchase   C B A A C B A A Non QM Non QM Yes
206257540           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     10/XX/2018  8:57:41 AM 2 B 10/XX/2018 NC Primary Purchase   C B A A C B A A Non QM Non QM No
206257540           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) The final CD disclosed that the loan is not assumable; the note disclosed that the loan is assumable.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     10/XX/2018  8:57:50 AM 2 B 10/XX/2018 NC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257540           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) The final Closing Disclosure reflects a Closing Date of [Redacted], but the transaction consummation (mortgage notary) date was [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     10/XX/2018  8:57:25 AM 2 B 10/XX/2018 NC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257540           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Prepaid City Property Tax Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] did not disclose number of months for City Property Tax under Prepaids. (Final/[Redacted]) Line x of Section F, number of months is blank.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     10/XX/2018  8:58:06 AM 2 B 10/XX/2018 NC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257540           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Prepaid Property Tax Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] did not disclose number of months for Property Tax under Prepaids. (Final/[Redacted]) Line x of Section F, number of months is blank.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     10/XX/2018  8:58:18 AM 2 B 10/XX/2018 NC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257540           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2019-03-01): Document tracking details provided.


Buyer Comment (2019-03-01): Executed CD is signed and disbursed xx/xx


Reviewer Comment (2019-03-01): (Redacted) received tracking that indicates LE was received by coborrower on xx/xx/xx.  Exception stands.


Buyer Comment (2019-03-01): LE Tracking
 11/XX/2018  3:41:28 PM     1 A 10/XX/2018 NC Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257540           Compliance Compliance Federal Compliance 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. Cure of [Redacted] was provided on the final CD.       10/XX/2018  5:44:54 PM   1 A 10/XX/2018 NC Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
206257540           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2019-03-01): Document tracking details provided.


Reviewer Comment (2019-03-01): (Redacted) received tracking that indicates coborrower received disclosure on xx/xx/xx.  Exception stands.


Buyer Comment (2019-03-01): LE Tracking, CD Tracking
 11/XX/2018  3:41:28 PM     1 A 10/XX/2018 NC Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257540           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant.  Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller's CD shows [Redacted] seller paid closing costs, borrower's final CD shows $x.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     10/XX/2018  8:58:40 AM 2 A 10/XX/2018 NC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257540           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure [Redacted] 12:00:00 AM was received. (Interim/[Redacted]) [Redacted] received evidence CD and LE were received by coborrower on [Redacted].   Reviewer Comment (2019-03-01): Document tracking details provided.
 11/XX/2018  3:41:28 PM     1 A 10/XX/2018 NC Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257541           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   Missing Lender's Initial [Redacted]   Buyer Comment (2019-03-01): waive
     11/XX/2018  1:21:47 PM 2 B 10/XX/2018 LA Primary Purchase   C B A A C B A A Non QM Non QM No
206257541           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation disclosure not provided   Buyer Comment (2019-03-01): waive
     11/XX/2018  1:21:56 PM 2 B 10/XX/2018 LA Primary Purchase   C B A A C B A A Non QM Non QM No
206257541           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) The Flood escrow amount in the Final CD is not supported by the Flood Policy provided in the file, resulting in the exception.  Escrows reflect monthly flood insurance premium of [Redacted] vs. [Redacted] evidenced in file.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation & Corrected Closing Disclosure.


Buyer Comment (2019-03-01): Uploaded PCCD/Refund/LOX/Tracking Label
   11/XX/2018  12:42:45 PM   2 B 10/XX/2018 LA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257541           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/595696) The Flood escrow amount in the Final CD is not supported by the Flood Policy provided in the file, resulting in the exception.  Escrows reflect monthly flood insurance premium of [Redacted] vs. [Redacted] evidenced in file.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Corrected CD.


Buyer Comment (2019-03-01): Uploaded PCCD/Refund/LOX/Tracking Label
   11/XX/2018  1:07:30 PM   2 B 10/XX/2018 LA Primary Purchase 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
206257541           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/595697) The Flood escrow amount in the Final CD is not supported by the Flood Policy provided in the file, resulting in the exception.  Escrows reflect monthly flood insurance premium of [Redacted] vs. [Redacted] evidenced in file.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Corrected CD.


Buyer Comment (2019-03-01): Uploaded PCCD/Refund/LOX/Tracking Label
   11/XX/2018  1:08:13 PM   2 B 10/XX/2018 LA Primary Purchase 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
206257541           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/595698) The Flood escrow amount in the Final CD is not supported by the Flood Policy provided in the file, resulting in the exception.  Escrows reflect monthly flood insurance premium of [Redacted] vs. [Redacted] evidenced in file.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Corrected CD.


Buyer Comment (2019-03-01): Uploaded PCCD/Refund/LOX/Tracking Label
   11/XX/2018  1:08:49 PM   2 B 10/XX/2018 LA Primary Purchase 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
206257541           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/595699) The Flood escrow amount in the Final CD is not supported by the Flood Policy provided in the file, resulting in the exception.  Escrows reflect monthly flood insurance premium of [Redacted] vs. [Redacted] evidenced in file.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Corrected CD.


Buyer Comment (2019-03-01): Uploaded PCCD/Refund/LOX/Tracking Label
   11/XX/2018  1:09:24 PM   2 B 10/XX/2018 LA Primary Purchase 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
206257541           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. Evidence of earlier receipt missing from file.   Reviewer Comment (2019-03-01): Agree with seller, exception cleared.


Buyer Comment (2019-03-01): Loan was change from FIXED to ARM on xx/xx. Disclosure was sent xx/xx.
 11/XX/2018  1:16:21 PM     1 A 10/XX/2018 LA Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257541           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Timing TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower within three (3) days of application. Evidence of earlier receipt missing from file.   Reviewer Comment (2019-03-01): Agree with seller, exception cleared.


Buyer Comment (2019-03-01): Loan was change from FIXED to ARM on xx/xx. Disclosure was sent xx/xx.
 11/XX/2018  1:16:30 PM     1 A 10/XX/2018 LA Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257541           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/595696) The Flood escrow amount in the Final CD is not supported by the Flood Policy provided in the file, resulting in the exception.  Escrows reflect monthly flood insurance premium of [Redacted] vs. [Redacted] evidenced in file.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Corrected CD.


Buyer Comment (2019-03-01): Uploaded PCCD/Refund/LOX/Tracking Label
   11/XX/2018  1:10:02 PM   2 B 10/XX/2018 LA Primary Purchase 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
206257541           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Figure not provided, field blank.  No cure provided for overages.   Buyer Comment (2019-03-01): waive
     11/XX/2018  1:23:00 PM 2 B 10/XX/2018 LA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257541           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Evidence of earlier receipt missing from file, initial CD not signed by borrower.   Reviewer Comment (2019-03-01): (Redacted) received evidence of initial CD signed on xx/xx/xx.
 11/XX/2018  3:13:45 PM     1 A 10/XX/2018 LA Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257541           Compliance Compliance Federal Compliance 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 [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. No cure provided for overage, endorsement fee increased without VCC.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Corrected CD.


Buyer Comment (2019-03-01): Uploaded PCCD/Refund/LOX/Tracking Label
   11/XX/2018  1:10:40 PM   2 B 10/XX/2018 LA 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
206257541           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure [Redacted] 12:00:00 AM was received. (Interim/[Redacted]) [Redacted] received evidence of initial CD signed on [Redacted].   Buyer Comment (2019-03-01): waive
     11/XX/2018  12:11:33 PM 2 B 10/XX/2018 LA Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257542           Compliance Compliance Federal Compliance 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 $xxx.xx plus 10% or $xxx.xx.  Sufficient or excess cure was provided to the borrower at Closing. (0)         11/XX/2018  4:42:17 PM   1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
206257542           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Field Review Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         11/XX/2018  4:42:17 PM   1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
206257542           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (Final/[Redacted]) Disclosure reflects TIP of [Redacted] but calculated TIP is [Redacted], which is outside of .[Redacted] tolerance.  Used Index Value = [Redacted] per rate lock document in file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  4:23:02 PM 2 B 10/XX/2018 NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
206257544           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Assets did not meet reserve requirement of 110% of the loan amount plus 3 months PITIA for the A6 program.   Reviewer Comment (2019-03-01): Reserves required are $xxx,xxx.xx and available is $xxx,xxx.xx


Buyer Comment (2019-03-01): Available Reserves $xxx,xxx.xx + Cash to Borrower $xx,xxx.xx = $xxx,xxx.xx
 11/XX/2018  9:03:04 AM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206257544           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) The final CD disclosed that the loan is not assumable; the note disclosed that the loan is assumable.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  5:40:38 PM 2 B 10/XX/2018 CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
206257544           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller Change - Total Payoffs TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether there was a change in the Total Payoffs and Payments. (Final/[Redacted]) When rounded, the payoff total on the LE is the same as the payoff total on the CD; however, the CD disclosed Yes in the "Did this change?" column.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  5:40:31 PM 2 B 10/XX/2018 CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
206257544           Compliance Compliance Federal Compliance TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on [Redacted] reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (Final/[Redacted]) The final CD disclosed the Collateral Desk Review fee and the Tax Related Service Fee paid to the Lender in Section B.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  5:40:22 PM 2 B 10/XX/2018 CA Primary Refinance - Cash-out - Other Good Faith Redisclosure C B C B B B A A Non QM Non QM Yes
206257544           Credit Missing Document General Missing Document: Desk Review not provided       Reviewer Comment (2019-03-01): Desk Review provided.
 11/XX/2018  12:39:59 PM     1 A 10/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206257544           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   AMC received a 442 dated 11/XX/2018 reflecting no damage from fires. Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception with compensating factor.


Reviewer Comment (2019-03-01): Incorrectly cleared.


Reviewer Comment (2019-03-01): xxx appraisal update provided.
     11/XX/2018  8:59:03 AM 2 B 10/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206257545           Compliance Loan Package Documentation Closing / Title Missing Document: Note - Subject Lien not provided       Reviewer Comment (2019-03-01): Received note. Condition cleared.
 11/XX/2018  12:25:39 PM     1 A 11/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257545           Credit Loan Package Documentation Closing / Title Missing Document: Security Instrument not provided       Reviewer Comment (2019-03-01): Received security instrument. Condition cleared.
 11/XX/2018  12:25:54 PM     1 A 11/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257545           Credit Missing Document General Incomplete Document: 1003 Final is incomplete   The final [Redacted] was not signed by the borrower.   Reviewer Comment (2019-03-01): Received final executed xxxx. Condition cleared.
 11/XX/2018  12:26:19 PM     1 A 11/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257545           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date.       Reviewer Comment (2019-03-01): Received note reflecting hazard policy in effect. Condition cleared.


Buyer Comment (2019-03-01): Note dated xx-xx. Please clear
 11/XX/2018  12:26:42 PM     1 A 11/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257545           Credit System General Valuation address does not match Note address. Valuation Type: Appraisal / Valuation Report Date: [Redacted], Valuation Type: Desk Review / Valuation Report Date: [Redacted] Appraisal disclosed city as [Redacted]; final 1003 and CD disclosed Baldwin.   Reviewer Comment (2019-03-01): Received corrected appraisal. Condition cleared.
 11/XX/2018  12:27:02 PM     1 A 11/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257545           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Additional/[Redacted])     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  10:40:18 AM 2 B 11/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257545           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.23820% or Final Disclosure APR of 7.29700% is in excess of allowable threshold of APOR 4.89% + 1.5%, or 6.39000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.


Reviewer Comment (2019-03-01): no information provided.
     11/XX/2018  10:17:05 AM 1 A 11/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257545           Compliance Compliance Federal Compliance TIL Higher Priced Mortgage Loan Safe Harbor TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  10:40:28 AM 2 B 11/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257545           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) New York Subprime Loan:  Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law.     Reviewer Comment (2019-03-01): Received mortgage with language. Condition cleared.


Buyer Comment (2019-03-01): Verbiage is on the MTG. please clear
 11/XX/2018  12:23:15 PM     1 A 11/XX/2018 NY Primary Purchase 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. D B D A D B A A Non QM Non QM Yes
206257545           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): (Redacted) received required documents, exception cleared.


Reviewer Comment (2019-03-01): no information provided.
 11/XX/2018  2:35:03 PM     1 A 11/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257545           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) Final CD not signed.   Reviewer Comment (2019-03-01): (Redacted) received Note, Mortgage, xxxx, and Final CD. The Final CD closing date matches consummation. Exception Cleared.
 11/XX/2018  1:16:25 PM     1 A 11/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257545           Compliance Compliance Federal Compliance 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.) (Final/ [Redacted]) The Borrower's CD did not disclose any seller paid fees.  A Seller's CD was not provided.   Reviewer Comment (2019-03-01): (Redacted) received Note, Seller's CD, Mortgage, xxxx, and Final CD. Exception Cleared.
 11/XX/2018  1:28:39 PM     1 A 11/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257545           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the increase in the Desk Review Fee.   Reviewer Comment (2019-03-01): New exception for tolerance due to Final CD entered. Please provide $xxx cure for Desk Review Fee, PCCD, LOE, and Proof of Mailing. Exception Stands.
 11/XX/2018  1:36:14 PM     1 A 11/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257545           Compliance Compliance Federal Compliance 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 $0.00.  Insufficient or no cure was provided to the borrower. (7505) The Desk Review Fee was added to the LE issued on [Redacted] without a valid change of circumstance.   Reviewer Comment (2019-03-01): (Redacted) received the corrected PCCD, copy if refund check, LOX and shipping label (out for deliver to be delivered by x:xx PM xx/xx/xxxx.


Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Shipping Label, Copy of Refund Check, and Corrected CD.  Please provide confirmation that the package is in route / been shipped to the borrower.  Unable to verify per FedEx website as tracking information not yet provided to FedEx .


Reviewer Comment (2019-03-01): Justification for the need for the appraisal review is required.  If the requirement is part of the underwriting for the program then the criteria was clear, and cure will be required, if the it was not part of the program criteria then the attestation will suffice.


Buyer Comment (2019-03-01): The lender did not know that we required an appraisal review until the approval was issued. This was their first loan.


Reviewer Comment (2019-03-01): The Appraisal Desk Review was added on the xx/xx/xx without a valid change of circumstance. The COC does not indicate why this was an unforeseen expense at the initial LE. Please provide $xxx cure for Desk Review Fee, PCCD, LOE, and Proof of Mailing. Exception Stands.
   11/XX/2018  10:32:44 AM   2 B 11/XX/2018 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 D B A A Non QM Non QM Yes
206257545           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) New York Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan.     Reviewer Comment (2019-03-01): New York Subprime Tax Disclosure Provided


Reviewer Comment (2019-03-01): Notice of taxes and insurance disclosure will be required. If the initial LE dated within x days of the application date had reflected the tax and insurance escrows/amounts, this document could have been used, however the LE dated xx/xx/xxxx reflects no escrows or tax/insurance amounts. Condition remains.


Buyer Comment (2019-03-01): Escrow's on CD, please clear
 11/XX/2018  12:50:01 PM     1 A 11/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257545           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted]; unable to determine closing date due to unsigned final CD.   Reviewer Comment (2019-03-01): (Redacted) received Note, Mortgage, xxxx, and Final CD. The Note and Final CD indicate the closing date. Exception Cleared.
 11/XX/2018  1:16:25 PM     1 A 11/XX/2018 NY Primary Purchase No Defined Cure D B D A D B A A Non QM Non QM No
206257545           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) New exception for tolerance due to Final CD entered. Please provide $[Redacted] cure for Desk Review Fee, PCCD, LOE, and Proof of Mailing. Exception Stands.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  10:40:02 AM 2 B 11/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A D B A A Non QM Non QM Yes
206257545           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan. no information provided.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  3:37:39 PM 2 B 11/XX/2018 NY Primary Purchase   D B D A D B A A Non QM Non QM No
206257546           Compliance Compliance Federal Compliance FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (2018). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $1000.00 (2018) (an overage of $[Redacted] or .[Redacted]%). Points and Fees test results of [Redacted]% exceeded max allowed of x%.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  4:16:10 PM 2 B 10/XX/2018 CT Investment Refinance - Cash-out - Other   C B C B B B A A N/A N/A Yes
206257546           Credit Guideline Guideline Issue The borrower is self-employed.  Guidelines require either a tax professional letter or regulatory agency verifying at least 2 years of self-employment along with either a phone listing and/or business address using directory assistance or internet search to be in file.   Documentation in file is from an Accountant vs. a letter from a CPA as required per guidelines.  Approved Exception in file. Property owned free and clear, no public records.

Borrower is self-employed as XXX for the last 18 years.

DTI is 43.987%, 6.013% < program maximum of 50%.

Reserves are 23.76 months, 20.76 months > program requirement of 3 months.

Credit score is 740, 20 points > program requirement of 720.  In addition, there are no public records.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     11/XX/2018  1:49:22 PM 2 B 10/XX/2018 CT Investment Refinance - Cash-out - Other   C B C B B B A A N/A N/A No
206257546           Credit Income / Employment Income Documentation Income Docs Missing:   Per the [Redacted] bank statement guidelines, addition income from the borrowers' primary residence and the subject property should be verified by Leases and Bank Statements showing three months of rent receipts (or bank statement showing receipt of security deposit and first month's rent if newly rented property).   Reviewer Comment (2019-03-01): Agree with lender, rental income not used in qualification.


Buyer Comment (2019-03-01): Per UW, rents were not used to qualify. Please clear condition.


Reviewer Comment (2019-03-01): It appears the subject property has been owned by borrower since xxxx. Therefore, leases and the bank statements for x months reflecting rental income from the subject property and borrower's primary would be required. Condition remains.


Buyer Comment (2019-03-01): Tenant is from previous owner, our borrower would not have had a lease at time of purchase


Reviewer Comment (2019-03-01): Per guidelines, Ax bank statement program requires Leases and Bank Statements showing three months of rent receipts (or bank statement showing receipt of security deposit and first month's rent if newly rented property). Appraisal indicates "Tenant" for occupancy. Exception remains.


Buyer Comment (2019-03-01): rent analysis based off of the appraisal
 11/XX/2018  8:11:29 AM     1 A 10/XX/2018 CT Investment Refinance - Cash-out - Other   C B C B B B A A N/A N/A No
206257546           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Discrepancy in DTI due to [Redacted] deposits per U/W calculation is incorrect. Per bank statement provided, [Redacted] for [Redacted] is for [Redacted] and [Redacted], should be broken out into x separate months. Resulting in [Redacted] month history, not [Redacted] month history. Please provide [Redacted] for review.   Reviewer Comment (2019-03-01): Updated worksheet has been provided and DTI updated.


Buyer Comment (2019-03-01): The worksheet IS based on the business bank  statements in our file.  We don't even have personal statements.


Reviewer Comment (2019-03-01): Revised worksheet provided is for personal bank statements, qualifying income is based on business bank statements, per statements in file. Worksheet should be based on acct # xxxx from xx/xx/xxxx - xx/xx/xxxx.


Buyer Comment (2019-03-01): Revised worksheet removed (REDACTED) xxxx income and split out (REDACTED) and (REDACTED) xxxx for xx
 11/XX/2018  10:44:58 AM     1 A 10/XX/2018 CT Investment Refinance - Cash-out - Other   C B C B B B A A N/A N/A No
206257546           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		 Disaster was declared on [Redacted]- CT severe storms, tornado, and straight line winds. Lender provided the CDAIR report dated 12/4/2018 with no damage indicating the property was not affected. Reviewer Comment (2019-03-01): (Redacted) has elected to waive with compensating factor.
     12/XX/2018  2:27:56 PM 2 B 10/XX/2018 CT Investment Refinance - Cash-out - Other   C B C B B B A A N/A N/A No
206257547           Compliance Compliance Federal Compliance 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. Copy of Right to Receive a copy of appraisal is dated [Redacted] with an application date of [Redacted] and initial LE is missing.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  4:11:08 PM 2 B 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM Yes
206257547           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Missing Servicing Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  4:11:17 PM 2 B 10/XX/2018 NY Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM Yes
206257547           Compliance Compliance Federal Compliance 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. Missing evidence List of Homeownership Counseling Organizations was provided to the borrower.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  4:11:26 PM 2 B 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257547           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) New York Subprime Loan: Counseling Disclosure not provided to borrower. Missing evidence New York Subprime Counseling Disclosure was provided to the borrower.   Reviewer Comment (2019-03-01): Received required documentation. Condition cleared.


Reviewer Comment (2019-03-01): New York Subprime Counseling Disclosure not provided.
 11/XX/2018  12:23:20 PM     1 A 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257547           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) New York Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan. Missing evidence borrower was provided the New York Subprime Tax Disclosure   Reviewer Comment (2019-03-01): Lender provided the initial LE dated x/x/xxxx with the tax and insurance escrows provided.


Buyer Comment (2019-03-01): Initial LE reflects Escrow "Yes" with amount disclosed for Taxes and Insurance which meets NY subprime regulation.  Please clear.


Reviewer Comment (2019-03-01): New York Subprime Tax Disclosure not provided.


Buyer Comment (2019-03-01): Initial Escrow Account Disclosure statement uploaded for review.
 11/XX/2018  2:52:40 PM     1 A 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257547           Compliance Compliance Federal Compliance 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 3 days of the loan application date. Copy of Right to Receive a copy of appraisal is dated [Redacted] with an application date of [Redacted] and initial LE is missing.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  4:11:37 PM 2 B 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257547           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing evidence borrower was provided the Home Loan Toolkit   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  4:11:47 PM 2 B 10/XX/2018 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257547           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Initial Closing Disclosure dated [Redacted] on the same day of consummation without evidence of timing waiver.   Reviewer Comment (2019-03-01): LE & Initial CD provided.
 11/XX/2018  5:34:43 PM     1 A 10/XX/2018 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257547           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. Missing initial Loan Estimate.   Reviewer Comment (2019-03-01): LE & Initial CD provided.
 11/XX/2018  5:34:43 PM     1 A 10/XX/2018 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257547           Compliance Compliance Federal Compliance ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. Missing ARM Disclosure.   Reviewer Comment (2019-03-01): ARM loan program disclosure provided.
 11/XX/2018  3:34:01 PM     1 A 10/XX/2018 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257547           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. Missing CHARM Booklet Disclosure.   Reviewer Comment (2019-03-01): Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet provided.
 11/XX/2018  3:34:01 PM     1 A 10/XX/2018 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257547           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.52570% or Final Disclosure APR of 6.54600% is in excess of allowable threshold of APOR 4.89% + 1.5%, or 6.39000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): LE & Initial CD provided.
 11/XX/2018  5:34:43 PM     1 A 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257547           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): Received required documentation. Condition cleared.
 11/XX/2018  12:23:20 PM     1 A 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257547           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. Please provide E-sign Consent Agreement as LE and Initial CD are signed electronically.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  3:01:54 PM 2 B 10/XX/2018 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257547           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Please provide Settlement Service Provider List   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  3:02:03 PM 2 B 10/XX/2018 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257547           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  3:16:02 PM 2 B 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257548           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception. Chose without comp factor.


Buyer Comment (2019-03-01): Please waive
     11/XX/2018  2:39:04 PM 2 B 10/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206257548           Compliance Compliance Federal Compliance 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 three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:Primary/[Redacted])     Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception. Chose without comp factor.


Buyer Comment (2019-03-01): Please waive
     11/XX/2018  2:39:16 PM 2 B 10/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206257548           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.17120% or Final Disclosure APR of 7.18200% is in excess of allowable threshold of APOR 4.77% + 1.5%, or 6.27000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  11:35:08 AM 1 A 10/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206257548           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 7.17120% or Final Disclosure APR of 7.18200% is in excess of allowable threshold of APOR 4.77% + 1.5%, or 6.27000%.  Compliant Higher Priced Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  11:35:28 AM 1 A 10/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206257548           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Final/[Redacted]) The CD disclosed monthly insurance escrow of [Redacted] for an annual amount of [Redacted]; the prepaid amount in Section F is [Redacted].   Reviewer Comment (2019-03-01): Upon further review, the exception is cleared.


Buyer Comment (2019-03-01): PCCD,LOX,Label
 11/XX/2018  2:36:13 PM     1 A 10/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257548           Compliance Compliance Federal Compliance 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.) (Final/ [Redacted]) Neither the Borrower's CD nor the Seller's CD disclosed any seller paid fees.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception cleared.


Buyer Comment (2019-03-01): PCCD,LOX,Label


Buyer Comment (2019-03-01): PCCD,LOX


Buyer Comment (2019-03-01): PCCD


Reviewer Comment (2019-03-01): (Redacted) received Seller's CD however it indicates an additional $xxxx.xx of seller fees paid that are not reflected on the Final Settlement Statement. TRID requires any fee that is charged to the Seller to be reflected on the Consumer's CD as a Seller paid fee as well.  A Corrected CD and LOE is required to cure. Please provide a corrected PCCD indicating seller paid fees that were charged to seller. Exception Stands.


Buyer Comment (2019-03-01): Seller CD


Reviewer Comment (2019-03-01): Received Final HUD.  Required to cure is either Seller Closing CD with fees that were paid or Post Close CD with the addition on the seller paid fees and letter of explanation to the borrower.


Buyer Comment (2019-03-01): Combined Final HUD
 11/XX/2018  2:39:00 PM     1 A 10/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257548           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Summaries Of Transactions - Seller Credit TILA-RESPA Integrated Disclosure - Summaries of Transactions: Final Closing Disclosure provided on [Redacted] disclosed a Seller Credit that does not match the Seller Credit from the Calculating Cash to Close table. (Final/[Redacted]) Section L, Other Credits disclosed a Seller Credit of [Redacted]; the Calculating Cash to Close table disclosed $x.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive


Reviewer Comment (2019-03-01): The xx/xx/xxxx PCCD shows $xxxx lender credit in Summaries of Transactions, but the credit does not show up in the Calculating Cash to Close - Lender credits section.  A new LOX and PCCD is required to cure.


Buyer Comment (2019-03-01): PCCD,LOX,Label
     11/XX/2018  11:06:47 AM 2 B 10/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257548           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the increase to the Property Taxes.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation & Corrected Closing Disclosure.


Buyer Comment (2019-03-01): PCCD,LOX,Label
   11/XX/2018  2:24:47 PM   2 B 10/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257548           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for 2018 Property Taxes.  Fee Amount of $XXX exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (81724) The final CD disclosed [Redacted] Property Taxes in Section H, Other.  The LE's disclosed Property Taxes of [Redacted] in Section F, Prepaids.  The CD issued on [Redacted] did not disclose any prepaid Property Taxes.   Reviewer Comment (2019-03-01): Letter of Explanation and Corrected CD provided.  Property taxes moved to Section F from H


Buyer Comment (2019-03-01): Please review the PCCD as the Taxes were moved to Section F


Reviewer Comment (2019-03-01): Property Taxes were disclosed i n Section H on the Final CD.  Taxes for prepaid should have been in Section F.  Please provide Post Close CD and LOE to borrower to cure.


Buyer Comment (2019-03-01): Property Taxes were disclosed on all LE's
   11/XX/2018  10:54:02 AM   2 B 10/XX/2018 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
206257549           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) New York Subprime Loan: Counseling Disclosure not provided to borrower. New York SubPrime counseling disclosure not provided to borrower   Reviewer Comment (2019-03-01): New York SubPrime counseling disclosure provided.
 11/XX/2018  8:43:30 AM     1 A 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257549           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan. APR of XXX% exceeds the allowable threshold of Prime Mortgage Market Rate of 5.850 %   Reviewer Comment (2019-03-01): Seller provided the initial LE dated (Redacted) with escrow amounts for hazard and taxes.


Reviewer Comment (2019-03-01): No information provided.
 11/XX/2018  4:35:53 PM     1 A 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257549           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) New York Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan. Borrower not provided with Notice of Taxes and Insurance disclosure   Reviewer Comment (2019-03-01): Seller provided the initial LE dated (Redacted) with escrow amounts for hazard and taxes.


Reviewer Comment (2019-03-01): New York Subprime Tax Disclosure is a specific document needed to be provided. (REDACTED) also be named New York Disclosure for Taxes and Insurance Exception remains.


Buyer Comment (2019-03-01): Escrow were on LE


Reviewer Comment (2019-03-01): No information provided.
 11/XX/2018  4:35:53 PM     1 A 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257549           Compliance Compliance Federal Compliance TRID Loan Estimate Esign Consent Agreement Timing ESIGN Act - Loan Estimate provided on [Redacted] was electronically provided prior to borrower's consent to receive electronic disclosures. (Initial/[Redacted]) The Loan Estimate was electronically signed by the borrower on [Redacted] yet only e-sign consent in file is dated [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  12:23:14 PM 2 B 10/XX/2018 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257549           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. ..   Reviewer Comment (2019-03-01): New York Subprime Loan: Counseling Disclosure sent xx/xx/xxxx
 11/XX/2018  8:50:16 AM     1 A 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257549           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  4:39:29 PM 2 B 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257550           Credit Missing Document General Missing Document: Borrower Ability to Repay Attestation not provided       Reviewer Comment (2019-03-01): (Redacted) received the ATR-xxA attestation initialed signed.
 11/XX/2018  10:24:33 AM     1 A 10/XX/2018 FL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257550           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.29870% or Final Disclosure APR of 6.30400% is in excess of allowable threshold of APOR 4.76% + 1.5%, or 6.26000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  12:55:19 PM 1 A 10/XX/2018 FL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257550           Compliance Compliance Federal Compliance 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.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  5:05:28 PM 2 B 10/XX/2018 FL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257550           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) Tax and insurance escrows equal [Redacted] per month per CD.  Page four of CD indicates costs over one year of [Redacted] vs. actual of [Redacted]   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation & Corrected Closing Disclosure.
   11/XX/2018  6:58:04 PM   2 B 10/XX/2018 FL Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257550           Compliance Compliance Federal Compliance TRID Service Provider Timing TILA-RESPA Integrated Disclosure: Borrower did not receive a list of service providers within 3 business days of application. SSPL dated [Redacted], application date is [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  5:05:36 PM 2 B 10/XX/2018 FL Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206257550           Credit Income / Employment Income Documentation Income Docs Missing:   Guidelines require x months bank statements for rental income when using income from Lease Agreement.  Bank statements not provided. Reserves are 56 months, 53 months > program requirement of 3 months.

Credit score is 755, 135 points > program requirement of 620

LTV is 53.464%, 26.536% < program maximum of 80%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception with compensating factors.


Reviewer Comment (2019-03-01): Open


Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception
     11/XX/2018  8:15:12 AM 2 B 10/XX/2018 FL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257551           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.72060% or Final Disclosure APR of 6.73200% is in excess of allowable threshold of APOR 4.86% + 1.5%, or 6.36000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  1:04:28 PM 1 A 10/XX/2018 NY Primary Purchase   C B C A B B A A Non QM Non QM No
206257551           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  11:04:44 AM 2 B 10/XX/2018 NY Primary Purchase   C B C A B B A A Non QM Non QM No
206257551           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. The disclosure was provided on [Redacted]; the application was received on [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  11:04:53 AM 2 B 10/XX/2018 NY Primary Purchase   C B C A B B A A Non QM Non QM No
206257551           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted]     Reviewer Comment (2019-03-01): Paystubs, W-x, WVOE and VVOE provided.
 11/XX/2018  11:30:57 AM     1 A 10/XX/2018 NY Primary Purchase   C B C A B B A A Non QM Non QM No
206257552           Credit Missing Document General Missing Document: Borrower Ability to Repay Attestation not provided       Reviewer Comment (2019-03-01): Borrower Ability to Repay Attestation provided.


Buyer Comment (2019-03-01): Uploaded


Reviewer Comment (2019-03-01): Borrower Ability to Repay Attestation not in file.
 12/XX/2018  9:39:07 AM     1 A 10/XX/2018 TX Primary Purchase   C B C B C B A A Non QM Non QM No
206257552           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.75490% or Final Disclosure APR of 6.73200% is in excess of allowable threshold of APOR 4.74% + 1.5%, or 6.24000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  2:12:00 PM 1 A 10/XX/2018 TX Primary Purchase   C B C B C B A A Non QM Non QM No
206257552           Compliance Compliance Federal Compliance ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower.     Reviewer Comment (2019-03-01): ARM loan program disclosure provided.
 11/XX/2018  11:45:21 AM     1 A 10/XX/2018 TX Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257552           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower.     Reviewer Comment (2019-03-01): Evidence of Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, provided.
 11/XX/2018  11:46:52 AM     1 A 10/XX/2018 TX Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257552           Compliance Compliance Federal Compliance TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. Missing from file, LE in file not provided within x days of app and cannot be used in its place.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  5:25:57 PM 2 B 10/XX/2018 TX Primary Purchase   C B C B C B A A Non QM Non QM Yes
206257552           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Evidence of earlier receipt missing from file, initial CD not signed by borrower.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.


Buyer Comment (2019-03-01): Disclosure Tracking uploaded - reflects borrower electronically received as of xx/xx/xx. Please clear.


Reviewer Comment (2019-03-01): (Redacted) received initial CD dated xx/x/xx which is not signed by the Borrower and evidence of earlier receipt was not provided.  Mailbox rule applied.
 11/XX/2018  12:17:01 PM     1 A 10/XX/2018 TX Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257552           Compliance Compliance Federal Compliance TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (Initial/[Redacted]) Evidence of earlier receipt missing from file, appears to not be initial LE.   Reviewer Comment (2019-03-01): (Redacted) received initial LE dated x/x/xx.


Buyer Comment (2019-03-01): LE dated x/x/xx previously uploaded xx/xx/xx.  Re-uploaded for review.


Reviewer Comment (2019-03-01): Disclosure Tracking Details indicates initial LE was sent on x/x/xx.  Provide initial LE dated x/x/xx or any others that (REDACTED) be available.
 11/XX/2018  5:45:32 PM     1 A 10/XX/2018 TX Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257552           Compliance Compliance Federal Compliance TRID Seller Closing Disclosure Fees Lesser than Final Closing Disclosure Seller Paid Fees TILA-RESPA Integrated Disclosure:  Fees disclosed on the Seller's Closing Disclosure are less than the Seller Paid fees disclosed on the Consumer's Final Closing Disclosure. (Final/[Redacted]) All fees shown on Seller CD provided on Borrower CD in addition to other fees, all captured.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  5:25:36 PM 1 A 10/XX/2018 TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257552           Credit Credit Miscellaneous Credit Exception:   Lender approved exception doc [Redacted] for borrower being self-employed for [Redacted] months vs. program requirement of [Redacted] months.  Evidence company was registered with SOS on [Redacted], but not active until [Redacted] months prior to closing. Borrower has been in XXX for the past 2 years

FICO 705, 5 points > program requirement of 700

16.71 months reserves > 3 months guideline minimum

40.70406%% DTI on this Alt documentation loan < 43% guideline max - 2.29594% below program guideline maximum

LTV is 75%, 15% < program maximum of 90%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     11/XX/2018  2:25:26 PM 2 B 10/XX/2018 TX Primary Purchase   C B C B C B A A Non QM Non QM No
206257553           Compliance Compliance Federal Compliance 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. ATR failure due to missing current third party verification (documentation provided is all associated with initial date of incorporation   Reviewer Comment (2019-03-01): Meets Guidelines


Reviewer Comment (2019-03-01): All additional document provided are from xxxx - no current documentation for third party verification within xxx days of note was provided.


Buyer Comment (2019-03-01): Uploaded XXX docs included SOS Business Search
 11/XX/2018  12:29:38 AM     1 A 10/XX/2018 NC Primary Purchase Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM Yes
206257553           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - Bank Statements Ability to Repay (Dodd-Frank 2014): Unable to verify Bank Statement income using reasonably reliable third-party records. ([Redacted]) ATR failure due to missing current third party verification (documentation provided is all associated with initial date of incorporation   Reviewer Comment (2019-03-01): meets lenders guideline requirements


Reviewer Comment (2019-03-01): All additional document provided are from xxxx - no current documentation for third party verification within xxx days of note was provided.


Buyer Comment (2019-03-01): Uploaded XXX docs included SOS Business Search
 11/XX/2018  12:30:34 AM     1 A 10/XX/2018 NC Primary Purchase   C B C A C B A A Non QM Non QM No
206257553           Compliance Compliance Federal Compliance NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. ATR failure due to missing current third party verification (documentation provided is all associated with initial date of incorporation   Reviewer Comment (2019-03-01): Bank statements used to verify Employment per Guidelines
 11/XX/2018  12:31:22 AM     1 A 10/XX/2018 NC Primary Purchase   C B C A C B A A Non QM Non QM No
206257553           Compliance Compliance State Compliance (State HPML Provision) North Carolina Rate Spread Home Loan (Ability to Repay Requirements Not Met) North Carolina Rate Spread Home Loan: Ability to repay requirements not met. North Carolina Rate Spread Home Loan: Ability to repay requirements not met.   Reviewer Comment (2019-03-01): Loan meets Creditors guidelines for income documentation


Reviewer Comment (2019-03-01): Incorrectly overridden


Reviewer Comment (2019-03-01): All additional document provided are from xxxx - no current documentation for third party verification within xxx days of note was provided.


Buyer Comment (2019-03-01): Uploaded XXX docs included SOS Business Search
 11/XX/2018  1:55:17 PM     1 A 10/XX/2018 NC Primary Purchase   C B C A C B A A Non QM Non QM No
206257553           Compliance Compliance State Compliance North Carolina Rate Spread Threshold Test Non-Compliant North Carolina Rate Spread Home Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of APOR x.xx% + 1.5%, or x.xxxxx%.  Non-Compliant Rate Spread Home Loan.     Buyer Comment (2019-03-01): waive


Reviewer Comment (2019-03-01): Loan meets Creditors guidelines for income documentation, therefore loan is an HPML compliant loan.


Reviewer Comment (2019-03-01): All additional document provided are from xxxx - no current documentation for third party verification within xxx days of note was provided.


Buyer Comment (2019-03-01): Why is loan non compliant?
     11/XX/2018  2:41:21 PM 2 B 10/XX/2018 NC Primary Purchase   C B C A C B A A Non QM Non QM No
206257553           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Closing Costs Exceeds Limits Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. (Final/[Redacted]) Final and post disclosure accurately reflects a cure of [Redacted] on page x but fail to disclose the same in the calculating cash to close section on page x   Buyer Comment (2019-03-01): waive
     11/XX/2018  2:49:17 PM 2 B 10/XX/2018 NC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257553           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Calculating Cash to Close: Final Closing Disclosure provided on[Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit.   Buyer Comment (2019-03-01): waive
     11/XX/2018  2:49:10 PM 2 B 10/XX/2018 NC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257553           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.24450% or Final Disclosure APR of 6.24900% is in excess of allowable threshold of APOR 4.74% + 1.5%, or 6.24000%.  Compliant Higher Priced Mortgage Loan. 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] + x.x%, or [Redacted]%. Compliant Higher Priced Mortgage Loan.   Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  10:54:53 AM 1 A 10/XX/2018 NC Primary Purchase   C B C A C B A A Non QM Non QM No
206257553           Compliance Compliance Federal Compliance 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 10% or $xx.xx.  Sufficient or excess cure was provided to the borrower at Closing. (0) Ten Percent Fee Tolerance exceeded. Total amount of [Redacted] for recording Fees exceeds tolerance of [Redacted] plus [Redacted] or [Redacted]. Sufficient or excess cure was provided to the borrower at Closing.       11/XX/2018  12:08:31 PM   1 A 10/XX/2018 NC Primary Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
206257553           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero 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. Zero 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 (2019-03-01): Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $xxx.xx exceeds tolerance of $x.xx. Sufficient or excess cure was provided to the borrower at Closing
   11/XX/2018  3:17:49 PM   1 A 10/XX/2018 NC Primary Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
206257553           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] 4506 or 4506-T   Reviewer Comment (2019-03-01): xxxxT and tax returns are not required on SPAx bank statement loans.


Buyer Comment (2019-03-01): Tax returns/xxxxT are not required or Bank Statement Income Loans.
 11/XX/2018  10:58:50 AM     1 A 10/XX/2018 NC Primary Purchase   C B C A C B A A Non QM Non QM No
206257554           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  12:13:51 PM 2 B 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257554           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan. Loan became subprime at [Redacted] COC which caused APR to exceed threshold.  No prohibited practice violations.  Loan is NY Subprime Compliant.   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): No information provided. Document dated outside of x days from application date.


Reviewer Comment (2019-03-01): No information provided.
     11/XX/2018  6:54:39 PM 2 B 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257554           Compliance Compliance Federal Compliance 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. (Final/[Redacted])     Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the amount of non escrowed property costs over x year and LOE. Exception Cleared.


Reviewer Comment (2019-03-01): Appraisal in the loan file confirms monthly HOA of $xxx.  Page x of the Final CD shows Non Escrow Cost over Year x to reflect $x,xxx.  Please provide confirmation of HOA amount or Corrected Post Close CD and Letter of Explanation to the borrower.
   11/XX/2018  2:04:15 PM   2 B 10/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257554           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) New York Subprime Loan: Counseling Disclosure not provided to borrower within three days of application. New York Subprime Loan: Counseling Disclosure not provided to borrower within three days of application.   Reviewer Comment (2019-03-01): Loan was not subprime at time of application but rather with x/xx COC in which APR then exceeded threshold.  Timing exception cleared.


Reviewer Comment (2019-03-01): No information provided. Document dated outside of x days from application date.


Reviewer Comment (2019-03-01): Document provided is outside of x days from application date.


Reviewer Comment (2019-03-01): No information provided.
 11/XX/2018  4:42:59 PM     1 A 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257554           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Initial disclosure letter in file indicates that the Borrower was provided with list of service providers, however, unable to determine if it was compliant as it was missing from the file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  12:14:01 PM 2 B 10/XX/2018 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257555           Credit Credit Miscellaneous Property valuation variance is greater than 10% between the valuation report used for LTV and supporting valuation report. Valuation Type: Appraisal / Valuation Report Date: [Redacted] $[Redacted] variance between two appraisals, lender using most conservative value.   Reviewer Comment (2019-03-01): Received required documentation. Condition cleared.


Buyer Comment (2019-03-01): Please clear this conditions since we are using lower value
 11/XX/2018  12:43:55 PM     1 A 10/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206257555           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.06820% or Final Disclosure APR of 7.09500% is in excess of allowable threshold of APOR 4.89% + 1.5%, or 6.39000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  9:11:41 AM 1 A 10/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206257555           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Not provided, field blank.  No cure provided for overage.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  1:31:04 PM 2 B 10/XX/2018 NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257555           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. No cure provided for overage, settlement fee increased without VCC.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.Tracking has confirmed delivered.


Reviewer Comment (2019-03-01): Letter of Explanation, Shipping Label, Copy of Refund Check, and Corrected CD have been provided.  The Shipping Label per UPS websites shows the shipping label has been created but the package has yet to ship.  Need confirmation at minimum that the package is in transit to the borrower.


Reviewer Comment (2019-03-01): Title - Settlement / Closing / Escrow Fee of $xxx was disclosed on both Loan Estimates as a $xxx fee listed in Section B which is non shoppable and thus being treated as x% tolerance.


Buyer Comment (2019-03-01): Regarding the cure, please be advised, cure is not required as the settlement agent was not on our SSPL and the fee was in "did shop"  section which has no tolerance
   11/XX/2018  12:32:03 PM   2 B 10/XX/2018 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
206257555           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. Missing e-sign consent.   Reviewer Comment (2019-03-01): E-Sign Document provided.


Buyer Comment (2019-03-01): Regarding the cure, please be advised, cure is not required as the settlement agent was not on our SSPL and the fee was in "did shop"  section which has no tolerance
 11/XX/2018  8:34:08 AM     1 A 10/XX/2018 NJ Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257555           Credit Credit Miscellaneous Property valuation variance is greater than 10% between the valuation report used for LTV and supporting valuation report. Valuation Type: Appraisal / Valuation Report Date: [Redacted] Missing the desk review for the additional valuation. Used lower value for LTV.   Reviewer Comment (2019-03-01): Received required documentation. Condition cleared.
 11/XX/2018  12:44:06 PM     1 A 10/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206257557           Compliance Compliance Federal Compliance ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. ARM Loan Program disclosure not provided to the borrower   Reviewer Comment (2019-03-01): Received required documentation. Condition cleared.
 11/XX/2018  8:34:59 AM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure C A A A C A A A Non QM Non QM No
206257557           Compliance Compliance Federal Compliance 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 to the Borrower   Reviewer Comment (2019-03-01): Received required documentation. Condition cleared.
 11/XX/2018  8:34:59 AM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure C A A A C A A A Non QM Non QM No
206257557           Compliance Compliance Federal Compliance 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. (Type:Secondary/[Redacted])     Reviewer Comment (2019-03-01): Received required documentation. Condition cleared.
 11/XX/2018  8:37:42 AM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other   C A A A C A A A Non QM Non QM No
206257559           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).     Reviewer Comment (2019-03-01): Exception cleared once fees reconciled.  Moved underwriting and processing fee to section a per final cd.
 11/XX/2018  1:19:51 PM     1 A 10/XX/2018 CA Second Home Purchase   C B C A C B A A Non QM Non QM Yes
206257559           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Cure for [Redacted] tolerance violation ([Redacted]), (Loan Discount Points) of ([Redacted]), (Underwriting Fee) of ([Redacted]), (Processing Fee) of ([Redacted]), (Collateral Desktop Analysis Fee) of ([Redacted]), (Title - Settlement/Closing/Escrow Fee) of ([Redacted]), (Title - Courier) of ([Redacted]), (Title - Recording Service Fee) of ([Redacted]), (Title - Document Preparation Fee) of ([Redacted]), (Title - Endorsement Fee) of ([Redacted]), (Title - Lender Insurance Fee) of ([Redacted]) and (Title - Notary Fee) of ([Redacted]) was not provided. Cure of ([Redacted]) was reflected, which is insufficient to cure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/04/2018 2 B 10/XX/2018 CA Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257559           Compliance Compliance Federal Compliance 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 $x.xx plus 10% or $x.xx.  Insufficient or no cure was provided to the borrower. (0) (Recording fee) was not disclosed on Loan Estimate.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Reviewer Comment (2019-03-01): Recording fee of $x was disclosed on the LE.  Recording fee is included in xx% tolerance.  As there were no xx% fees included on the LE.  A refund of $xxx is required (xxx% of $x is $x).


Reviewer Comment (2019-03-01): LE did not show Recording Fee in Section E. Fee was not initially disclosed and is subject to Zero Tolerance, unless a valid COC can be provided.  For further reference please refer to xx CFR xxxx.xx(f)(x)(v).
   12/04/2018   2 B 10/XX/2018 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 C A C B A A Non QM Non QM Yes
206257559           Compliance Compliance Federal Compliance 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. Fee was not disclosed on Loan Estimate.   Reviewer Comment (2019-03-01): (Redacted) received a VCC for fee change.
 11/XX/2018  3:49:34 PM     1 A 10/XX/2018 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 C A C B A A Non QM Non QM Yes
206257559           Compliance Compliance Federal Compliance 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. Fee disclosed as ($[Redacted]) in Section B on (LE dated [Redacted]), but disclosed as ([Redacted]) in Section A on Final Closing Disclosure.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): LE did not show any title fees at all in Section B or C or the processing and underwriting fees in Section A.  Since none of the fees were initially disclosed they are subject to Zero Tolerance, unless a valid COC can be provided.  For further reference please refer to xx CFR xxxx.xx(f)(x)(v).
   12/04/2018   2 B 10/XX/2018 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 C A C B A A Non QM Non QM Yes
206257559           Compliance Compliance Federal Compliance 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. Fee disclosed as ($[Redacted]) in Section B on (LE dated [Redacted]), but disclosed as ([Redacted]) in Section A on Final Closing Disclosure.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): LE did not show any title fees at all in Section B or C or the processing and underwriting fees in Section A.  Since none of the fees were initially disclosed they are subject to Zero Tolerance, unless a valid COC can be provided. For further reference please refer to xx CFR xxxx.xx(f)(x)(v).
   12/04/2018   2 B 10/XX/2018 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 C A C B A A Non QM Non QM Yes
206257559           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Fee was not disclosed on Loan Estimate.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): LE did not show any title fees at all in Section B or C or the processing and underwriting fees in Section A.  Since none of the fees were initially disclosed they are subject to Zero Tolerance, unless a valid COC can be provided. For further reference please refer to xx CFR xxxx.xx(f)(x)(v).
   12/04/2018   2 B 10/XX/2018 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 C A C B A A Non QM Non QM Yes
206257559           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. No Title Fees were disclosed on Loan Estimate.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): LE did not show any title fees at all in Section B or C or the processing and underwriting fees in Section A.  Since none of the fees were initially disclosed they are subject to Zero Tolerance, unless a valid COC can be provided.  For further reference please refer to xx CFR xxxx.xx(f)(x)(v).
   12/04/2018   2 B 10/XX/2018 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 C A C B A A Non QM Non QM Yes
206257559           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Courier / Express Mail / Messenger Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. No Title Fees were disclosed on Loan Estimate.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): LE did not show any title fees at all in Section B or C or the processing and underwriting fees in Section A.  Since none of the fees were initially disclosed they are subject to Zero Tolerance, unless a valid COC can be provided.  For further reference please refer to xx CFR xxxx.xx(f)(x)(v).
   12/04/2018   2 B 10/XX/2018 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 C A C B A A Non QM Non QM Yes
206257559           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Recording Service Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. No Title Fees were disclosed on Loan Estimate.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): LE did not show any title fees at all in Section B or C or the processing and underwriting fees in Section A.  Since none of the fees were initially disclosed they are subject to Zero Tolerance, unless a valid COC can be provided. For further reference please refer to xx CFR xxxx.xx(f)(x)(v).
   12/04/2018   2 B 10/XX/2018 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 C A C B A A Non QM Non QM Yes
206257559           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Document Preparation Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. No Title Fees were disclosed on Loan Estimate.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): LE did not show any title fees at all in Section B or C or the processing and underwriting fees in Section A.  Since none of the fees were initially disclosed they are subject to Zero Tolerance, unless a valid COC can be provided.  For further reference please refer to xx CFR xxxx.xx(f)(x)(v).
   12/04/2018   2 B 10/XX/2018 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 C A C B A A Non QM Non QM Yes
206257559           Compliance Compliance Federal Compliance 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 [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. No Title Fees were disclosed on Loan Estimate.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): LE did not show any title fees at all in Section B or C or the processing and underwriting fees in Section A.  Since none of the fees were initially disclosed they are subject to Zero Tolerance, unless a valid COC can be provided. For further reference please refer to xx CFR xxxx.xx(f)(x)(v).
   12/04/2018   2 B 10/XX/2018 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 C A C B A A Non QM Non QM Yes
206257559           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Lender's Title Insurance.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. No Title Fees were disclosed on Loan Estimate.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): LE did not show any title fees at all in Section B or C or the processing and underwriting fees in Section A.  Since none of the fees were initially disclosed they are subject to Zero Tolerance, unless a valid COC can be provided. For further reference please refer to xx CFR xxxx.xx(f)(x)(v).
   12/04/2018   2 B 10/XX/2018 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 C A C B A A Non QM Non QM Yes
206257559           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Notary Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. No Title Fees were disclosed on Loan Estimate.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): LE did not show any title fees at all in Section B or C or the processing and underwriting fees in Section A.  Since none of the fees were initially disclosed they are subject to Zero Tolerance, unless a valid COC can be provided. For further reference please refer to xx CFR xxxx.xx(f)(x)(v).
   12/04/2018   2 B 10/XX/2018 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 C A C B A A Non QM Non QM Yes
206257559           Compliance Compliance Federal Compliance 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 not disclosed on Loan Estimate.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): LE did not show Transfer Tax in Section E. Fee was not initially disclosed and is subject to Zero Tolerance, unless a valid COC can be provided.  For further reference please refer to xx CFR xxxx.xx(f)(x)(v).
   12/04/2018   2 B 10/XX/2018 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 C A C B A A Non QM Non QM Yes
206257559           Credit Credit Miscellaneous Credit Exception:   Please provide hazard insurance for [Redacted] owner occupied property supporting [Redacted] monthly per Final [Redacted] as per mortgage statement, first mortgage does not include escrows. Subject to re-qualification.   Reviewer Comment (2019-03-01): Hazard insurance policy for xxxxx XXX provided.
 12/XX/2018  9:04:34 AM     1 A 10/XX/2018 CA Second Home Purchase   C B C A C B A A Non QM Non QM No
206257561           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%). Points and Fees test result of [Redacted]% exceeded max of x% by .[Redacted]% or [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  1:22:37 PM 2 B 10/XX/2018 TX Primary Purchase   C B A A C B A A Non QM Non QM Yes
206257561           Compliance Compliance Federal Compliance 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. Missing evidence Homeownership Counseling List was provided to the borrower.   Reviewer Comment (2019-03-01): Homeownership Counseling List was provided.
 11/XX/2018  11:42:31 AM     1 A 10/XX/2018 TX Primary Purchase   C B A A C B A A Non QM Non QM No
206257561           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) Escrowed Property Costs over x year of [Redacted] reflected on page x of the final CD does not match escrow amount of $[Redacted] per month or [Redacted] annually.   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting amount of escrowed property costs over x year and LOE. Exception Cured.
   11/XX/2018  7:50:24 AM   2 B 10/XX/2018 TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257561           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. Missing evidence of Esign Consent Agreement from borrower.   Reviewer Comment (2019-03-01): Esign Consent Agreement from borrower provided.
 11/XX/2018  11:42:31 AM     1 A 10/XX/2018 TX Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257561           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing evidence Home Loan Toolkit was provided to the borrower.   Reviewer Comment (2019-03-01): Home Loan Toolkit was provided.
 11/XX/2018  11:42:31 AM     1 A 10/XX/2018 TX Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257561           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Only Closing Disclosure in file is dated [Redacted] which is the same day of consummation.   Reviewer Comment (2019-03-01): (Redacted) received the initial CD dated (Redacted).
 11/XX/2018  1:10:12 PM     1 A 10/XX/2018 TX Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257561           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Missing evidence Settlement Service Provider List was provided to the borrower.   Reviewer Comment (2019-03-01): Settlement Service Provider List was provided.
 11/XX/2018  11:42:31 AM     1 A 10/XX/2018 TX Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257561           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Final Closing Disclosure only reflected $.[Redacted] as the amount exceeding the legal limit.   Reviewer Comment (2019-03-01): (Redacted) received the LE dated xx/xx/xxxx.
 11/XX/2018  1:19:18 PM     1 A 10/XX/2018 TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257561           Compliance Compliance Federal Compliance 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 Estimate reflected a Loan Discount Point fee of [Redacted] yet final Closing Disclosure shows [Redacted] without evidence of a valid changed circumstance.   Reviewer Comment (2019-03-01): (Redacted) received the LE dated xx/xx/xxxx and rate lock dated xx/xx/xxxx.
 11/XX/2018  1:19:18 PM     1 A 10/XX/2018 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
206257561           Compliance Compliance Federal Compliance 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. Initial Loan Estimate reflected a credit report fee of $[Redacted] yet final Closing Disclosure shows [Redacted].  Lender credit reflected on final CD of .[Redacted] to cure.   Reviewer Comment (2019-03-01): (Redacted) received the LE dated xx/xx/xxxx.
 11/XX/2018  1:19:18 PM     1 A 10/XX/2018 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
206257561           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.71120% or Final Disclosure APR of 7.72000% is in excess of allowable threshold of APOR 4.94% + 1.5%, or 6.44000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  3:08:09 PM 1 A 10/XX/2018 TX Primary Purchase   C B A A C B A A Non QM Non QM No
206257561           Compliance Compliance Federal Compliance 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. sufficient cure provided on the final CD.       11/XX/2018  1:19:18 PM   1 A 10/XX/2018 TX Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
206257563           Credit Missing Document General Missing Document: Verification of Non-US Citizen Status not provided   Final [Redacted] and Fraud report indicate [Redacted] is a Permanent Resident Alien, however, Verification of Non-US Citizenship was not provided.  Please provide either Verification of Non-US Citizenship or provide corrected [Redacted] and/or Fraud report reflecting [Redacted] as a US Citizen.   Reviewer Comment (2019-03-01): Fraud report indicating Bx is a US Citizen provided.
 12/XX/2018  8:36:16 AM     1 A 10/XX/2018 AL Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
206257563           Credit Missing Document General Missing Document: Borrower Ability to Repay Attestation not provided   Ability to Repay Attestation not provided   Reviewer Comment (2019-03-01): Borrower Ability to Repay Attestation provided
 12/XX/2018  7:56:28 AM     1 A 10/XX/2018 AL Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
206257563           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of the greater of .00000% of the Federal Total Loan Amount and $[Redacted] (2018). Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] and $[Redacted] (2018) (an overage of $[Redacted] or [Redacted]%).     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  5:11:37 PM 2 B 10/XX/2018 AL Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM Yes
206257563           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Demand Feature TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan contains a Demand Feature. (Final/[Redacted]) Fields not completed by lender on final CD.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  5:11:29 PM 2 B 10/XX/2018 AL Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
206257563           Compliance Compliance Federal Compliance 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. $[Redacted] cure provided for this overage, credit report fee increased without VCC.       11/XX/2018  5:52:17 PM   1 A 10/XX/2018 AL Primary Refinance - Cash-out - Other Final CD evidences Cure C B C A B B A A Non QM Non QM Yes
206257563           Credit 1003 Document Error Borrower(s) is not a U.S. Citizen, and the guideline required documentation was not provided. Borrower: [Redacted] Final [Redacted] and Fraud report indicate [Redacted] is a Permanent Resident Alien, however, Verification of Non-US Citizenship was not provided.  Please provide either Verification of Non-US Citizenship or provide corrected [Redacted] and/or Fraud report reflecting [Redacted] as a US Citizen.   Reviewer Comment (2019-03-01): Fraud report indicating Bx is a US Citizen provided.
 12/XX/2018  8:36:53 AM     1 A 10/XX/2018 AL Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
206257563           Credit Loan Package Documentation Application / Processing 1003 Error: Citizenship Source Documentation  was not provided Borrower: [Redacted] Final [Redacted] and Fraud report indicate [Redacted] is a Permanent Resident Alien, however, Verification of Non-US Citizenship was not provided.  Please provide either Verification of Non-US Citizenship or provide corrected [Redacted] and/or Fraud report reflecting [Redacted] as a US Citizen.   Reviewer Comment (2019-03-01): Fraud report indicating Bx is a US Citizen provided.
 12/XX/2018  8:37:02 AM     1 A 10/XX/2018 AL Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
206257565           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.88450% or Final Disclosure APR of 6.88600% is in excess of allowable threshold of APOR 4.89% + 1.5%, or 6.39000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  4:36:26 PM 1 A 10/XX/2018 MA Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
206257565           Compliance Compliance State Compliance Massachusetts HPML Threshold Test Compliant Massachusetts 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]% + 1.5%, or[Redacted]% Compliant Higher Priced Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  4:36:32 PM 2 B 10/XX/2018 MA Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
206257565           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) The Insurance Binder disclosed an annual premium of [Redacted]; the Tax Certificate disclosed quarterly taxes of [Redacted], or [Redacted]/year, for a total of [Redacted].  The CD disclosed [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation & Corrected Closing Disclosure.


Reviewer Comment (2019-03-01): Page x of the Final CD has Escrow Property Cost Over Year x of $x,xxx while the monthly escrow on page x is $xxx.xx.  Page x needs to be updated to reflect the monthly escrow amount of $xxx.xx over xx, xx or xx months.  Post Close CD and Letter of Explanation to borrower required to cure


Buyer Comment (2019-03-01): There are x installments for taxes..xst $xxx.xx, xnd $xxx.xx, xrd $xxx.xx, and xth $xxx.xx = $x,xxx.xx divided by xx = $xxx.xx

Insurance escrow amount is correct
   11/XX/2018  8:03:00 PM   2 B 10/XX/2018 MA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257569           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Approved lender exception doc 0013 for loan amount of $[Redacted] vs. program max of [Redacted] for 69.8% LTV. Borrower has been self-employed as XXX XXX for the past 20 years.

DTI of 17% (really 9%) vs. program max of 50%.

Perfect credit history, no derogs, large mortgages with 99 month histories.

788 FICO vs. program min. 700		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     11/XX/2018  2:58:29 PM 2 B 11/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257569           Compliance Compliance Federal Compliance 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 three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:Primary/[Redacted]) Signed timing waiver in file, no proof if/when reports were provided to borrower.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     11/XX/2018  9:43:24 AM 2 B 11/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257569           Compliance Compliance Federal Compliance 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 three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:Primary/[Redacted]) Signed timing waiver in file, no proof if/when reports were provided to borrower.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     11/XX/2018  9:43:34 AM 2 B 11/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257569           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     11/XX/2018  9:43:42 AM 2 B 11/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257569           Compliance Compliance Federal Compliance 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.) (Final/ [Redacted]) No seller paid fees shown on Borrower CD or Seller CD.   Reviewer Comment (2019-03-01): (Redacted) received required Letter of Explanation & Corrected Closing Disclosure.


Reviewer Comment (2019-03-01): Waiting on uploaded documents to appear in Clarity.


Buyer Comment (2019-03-01): Please see PCCD REVISED x, LOX GREEN REVISED x and LABEL x sent to borrower; LOX revised x was uploaded in error


Buyer Comment (2019-03-01): Please see


Buyer Comment (2019-03-01): Please see PCCD REVISED x, LABEL x, LOX REVISED x
   11/XX/2018  3:07:51 PM   1 A 11/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257569           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Figure not provided, field blank.  No cure provided for overages.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided.
   11/XX/2018  2:55:48 PM   2 B 11/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257569           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     11/XX/2018  9:42:48 AM 2 B 11/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257569           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. No cure provided for overage.  Second appraisal fee increased without VCC.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Reviewer Comment (2019-03-01): Although, the total appraisal fees on the LE were in excess of the total charged at closing.  The x appraisal fees were separately disclosed on the LE and are individually subject to zero tolerance.  Since the xnd appraisal fee increased above what was disclosed on the LE, a refund of $xxx is due.  Provide a Corrected CD, Copy of Refund Check, Letter of Explanation and Proof of Delivery to cure.


Buyer Comment (2019-03-01): Initial LE reflects total appraisal fees of $xxxx, Please see Final CD reflecting total appraisal fees for xst and xnd appraisal total $x,xxx
   11/XX/2018  2:54:17 PM   2 B 11/XX/2018 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 B C B A A Non QM Non QM Yes
206257572           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   Missing Lenders initial [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  12:35:18 PM 2 B 11/XX/2018 NJ Primary Purchase   C B C A B B A A Non QM Non QM No
206257572           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy.   Calculated PITIA months reserves of 2.85 is less than Guideline PITIA months reserves of 3.00. Please provide the appraisal invoice reflecting paid by borrowers for prepaid closing cost.   Reviewer Comment (2019-03-01): Seller provided receipt for the appraisal fee xxx.xx prepaid closing cost.
 11/XX/2018  1:06:10 PM     1 A 11/XX/2018 NJ Primary Purchase   C B C A B B A A Non QM Non QM No
206257572           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.28910% or Final Disclosure APR of 7.28700% is in excess of allowable threshold of APOR 4.86% + 1.5%, or 6.36000%.  Compliant Higher Priced Mortgage Loan. The Final Disclosure APR of [Redacted]% exceeds the APOR threshold of [Redacted]%. Compliant Higher Priced Loan   Reviewer Comment (2019-03-01): Lender purchases HPML compliant loans.
     11/XX/2018  3:43:18 PM 1 A 11/XX/2018 NJ Primary Purchase   C B C A B B A A Non QM Non QM No
206257574           Credit Missing Document General Missing Document: Borrower Ability to Repay Attestation not provided   Please provide the Borrower Ability to Repay Attestation.   Reviewer Comment (2019-03-01): Borrower Ability to Repay Attestation provided.
 11/XX/2018  8:37:40 AM     1 A 11/XX/2018 MN Primary Purchase   C B C B B B A A Non QM Non QM No
206257574           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.20260% or Final Disclosure APR of 7.29300% is in excess of allowable threshold of APOR 4.74% + 1.5%, or 6.24000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): Client purchases HPML compliant loans.
     11/XX/2018  1:11:22 PM 1 A 11/XX/2018 MN Primary Purchase   C B C B B B A A Non QM Non QM No
206257574           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  5:00:34 PM 2 B 11/XX/2018 MN Primary Purchase   C B C B B B A A Non QM Non QM Yes
206257574           Compliance Compliance Federal Compliance 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. Missing evidence of the borrower's receipt of the List of Homeownership Counseling Organizations.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  5:00:26 PM 2 B 11/XX/2018 MN Primary Purchase   C B C B B B A A Non QM Non QM No
206257574           Compliance Compliance State Compliance (State HPML) Minnesota Subprime (APR Exceeds Subprime Threshold) Minnesota Subprime Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is in excess of allowable threshold of USTreasury [Redacted]% + 3%, or [Redacted]%.  Compliant Subprime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  5:00:18 PM 2 B 11/XX/2018 MN Primary Purchase   C B C B B B A A Non QM Non QM No
206257574           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing evidence of the borrower's receipt of the Home Loan Toolkit.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  5:00:08 PM 2 B 11/XX/2018 MN Primary Purchase No Defined Cure C B C B B B A A Non QM Non QM No
206257574           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total [Redacted], while closing CD seller's fees total [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  4:59:59 PM 2 A 11/XX/2018 MN Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
206257574           Compliance Compliance Federal Compliance 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. Fee disclosed as $[Redacted] on LE dated [Redacted], but disclosed as [Redacted] on Final Closing Disclosure. Cure for [Redacted] was provided.       11/XX/2018  11:05:49 AM   1 A 11/XX/2018 MN Primary Purchase Final CD evidences Cure C B C B B B A A Non QM Non QM Yes
206257574           Credit Guideline Guideline Issue The borrower is self-employed.  Guidelines require either a tax professional letter or regulatory agency verifying at least 2 years of self-employment along with either a phone listing and/or business address using directory assistance or internet search to be in file.   Lender approved exception to allow Borrower has only been self-employed for [Redacted] months vs program requirement of a minimum of [Redacted] months self-employment. Borrower has been in the same line of work XXX for the past 4 years (having been previously also been in the XXX)

Perfect credit history with never a late payment and very little current outstanding debt

Credit score is 763, 103 points > program requirement of 720

31 months of reserves, 28 months > program requirement of 3 months

DTI is 17.739%, 32.261% < program maximum of 50%

LTV is 80%, 10% < program maximum of 90%		 Reviewer Comment (2019-03-01): Lender has elected to waive this exception based on compensating factors.
     11/XX/2018  1:12:51 PM 2 B 11/XX/2018 MN Primary Purchase   C B C B B B A A Non QM Non QM No
206257574           Credit Credit Miscellaneous Credit Exception:   Borrower has only been self-employed for 21 months vs program requirement of a minimum of 24 months self-employment Lender approved. Borrower has been in the same line of work XXX for the past 4 years (having been previously also been in the XXX

Perfect credit history with never a late payment and very little current outstanding debt

Credit score is 763, 103 points > program requirement of 720

31 months of reserves, 28 months > program requirement of 3 months

DTI is 17.739%, 32.261% < program maximum of 50%

LTV is 80%, 10% < program maximum of 90%		 Reviewer Comment (2019-03-01): Lender has elected to waive this exception based on compensating factors.
     11/XX/2018  1:18:56 PM 2 B 11/XX/2018 MN Primary Purchase   C B C B B B A A Non QM Non QM No
206257768           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		     Reviewer Comment (2019-03-01): Catastrophic disaster inspection report provided.
 11/XX/2018  2:03:05 PM     1 A 10/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257768           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) CD issued [Redacted] and received by borrower [Redacted].  Actual closing date is [Redacted]   Reviewer Comment (2019-03-01): Document tracking provided.
 11/XX/2018  9:27:23 AM     1 A 10/XX/2018 CA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257768           Compliance Compliance Federal Compliance TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on [Redacted] reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (Final/[Redacted]) The final CD disclosed the Processing Fee paid to the Broker in Section B.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  3:37:55 PM 2 B 10/XX/2018 CA Primary Purchase Good Faith Redisclosure C B C A C B A A Non QM Non QM Yes
206257770           Compliance Compliance Federal Compliance 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 88.76627% significantly exceeds the guideline maximum of 50.00%.  (DTI Exception cannot be compensated to a lower grade.) The file does not qualify- DTI is [Redacted] due to missing proof of lease income of $[Redacted] for property at [Redacted]   Reviewer Comment (2019-03-01): Documentation provided for proof xxxx XXX paid by other.


Buyer Comment (2019-03-01): The following properties are paid by other
xxxx XXX
xxxx XXX


Reviewer Comment (2019-03-01): Removed xxxx XXX from REO schedule. No rental income provded for xxxx XXX and xxxx XXX has negative rental income of -$xxx.xx. DTI is xx%


Buyer Comment (2019-03-01): Property located xxxxx is under contract for purchase..
 11/XX/2018  11:43:26 AM     1 A 10/XX/2018 NM Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257770           Compliance Compliance State Compliance New Mexico Home Loan (Ability to Repay not Verified) New Mexico Home Loan:   Borrower's ability to repay not verified with reliable documentation.     Reviewer Comment (2019-03-01): documentation provided.


Buyer Comment (2019-03-01): What do you need to clear this?
 11/XX/2018  12:08:21 PM     1 A 10/XX/2018 NM Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257770           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Final/[Redacted]) The homeowner's insurance premium listed in Prepaids is not for x full year's premium but for a partial year due on the policy x months @ [Redacted] or [Redacted] annually and monthly escrow [Redacted] x [Redacted]=[Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  9:54:09 AM 2 B 10/XX/2018 NM Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257770           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy.   The lease agreement for $[Redacted] monthly rental income to offset the debt for [Redacted]  was not found and without it the DTI exceeds max guideline of [Redacted]   Reviewer Comment (2019-03-01): Rental income adjusted resulting in corrected DTI.


Reviewer Comment (2019-03-01): Removed xxxx from REO schedule. No rental income provded for xxxx XXX and xxxx XXX has negative rental income of -$xxx.xx. DTI is xx%


Buyer Comment (2019-03-01): Please see upload
 11/XX/2018  11:48:10 AM     1 A 10/XX/2018 NM Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257770           Compliance Compliance Federal Compliance 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 is greater than max of [Redacted] due to missing lease.   Reviewer Comment (2019-03-01): Rental income adjusted resulting in corrected DTI.


Reviewer Comment (2019-03-01): Removed xxxx xxx from REO schedule. No rental income provded for xxxx XXX and xxxx XXX has negative rental income of -$xxx.xx. DTI is xx%


Buyer Comment (2019-03-01): Please see upload
 11/XX/2018  11:49:30 AM     1 A 10/XX/2018 NM Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257770           Compliance Compliance Federal Compliance 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. ATR fail due to missing rental income documentation and excessive DTI   Reviewer Comment (2019-03-01): .


Buyer Comment (2019-03-01): Please see upload
 11/XX/2018  12:08:21 PM     1 A 10/XX/2018 NM 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
206257770           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - REO 25% Method Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income (25% Method) using reasonably reliable third-party records. (Non-Subject Investment/25% Vacancy Method) File does not contain sufficient rental income documentation missing lease for [Redacted] XXX.   Reviewer Comment (2019-03-01): Removed from REO schedule.


Buyer Comment (2019-03-01): Please see upload
 11/XX/2018  12:08:21 PM     1 A 10/XX/2018 NM Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257770           Compliance Compliance Federal Compliance NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Excessive DTI, missing documentation   Reviewer Comment (2019-03-01): .
 11/XX/2018  12:08:21 PM     1 A 10/XX/2018 NM Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257770           Compliance Compliance Federal Compliance 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. .   Reviewer Comment (2019-03-01): Rental income adjusted resulting in corrected DTI.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): Removed xxxx XXX from REO schedule. No rental income provded for xxxx XXX and xxxx XXX has negative rental income of -$xxx.xx. DTI is xx%
 11/XX/2018  11:49:30 AM     1 A 10/XX/2018 NM 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
206257772           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		     Reviewer Comment (2019-03-01): Catastrophic disaster are inspection report provided.
 11/XX/2018  10:52:50 AM     1 A 10/XX/2018 CA Investment Purchase   C B C A B B A A N/A N/A No
206257772           Compliance Compliance Federal Compliance 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. (Type:Primary/[Redacted]) Appraisal report dated [Redacted]; emailed to borrower on  [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  11:42:52 AM 2 B 10/XX/2018 CA Investment Purchase   C B C A B B A A N/A N/A No
206257774           Compliance Compliance Federal Compliance 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 three (3) business days of application.     Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): Affiliated Business Arrangement Disclosure needs to be dated within three (x) business days of application.
     11/XX/2018  5:11:16 PM 2 B 11/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257774           Compliance Compliance Federal Compliance 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 (2019-03-01): List of Homeownership Counseling Organizations provided.
 11/XX/2018  2:26:51 PM     1 A 11/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257774           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application.     Reviewer Comment (2019-03-01): ARM loan program disclosure provided.


Reviewer Comment (2019-03-01): needs to be dated within three (x) business days of application.
 11/XX/2018  8:21:17 AM     1 A 11/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257774           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower.     Reviewer Comment (2019-03-01): Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, provided.
 11/XX/2018  2:40:14 PM     1 A 11/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257774           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Documentation does not show that the disclosure was provided.   Reviewer Comment (2019-03-01): Your Home Loan Toolkit Disclosure provided.
 11/XX/2018  2:26:51 PM     1 A 11/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257774           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Missing proof of timely receipt   Reviewer Comment (2019-03-01): xx/xx/xxxx Loan Estimate e-signed provided.
 11/XX/2018  4:27:38 PM     1 A 11/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257774           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Documentation does not show that the disclosure was provided.   Reviewer Comment (2019-03-01): List of service providers provided.
 11/XX/2018  2:26:51 PM     1 A 11/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257774           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.26260% or Final Disclosure APR of 7.30700% is in excess of allowable threshold of APOR 4.77% + 1.5%, or 6.27000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): Client purchases HPML compliant loans.
     11/XX/2018  11:55:40 AM 1 A 11/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257774           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total [Redacted], while closing CD seller's fees total [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  12:58:45 PM 1 A 11/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257774           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Timing TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower within three (3) days of application. .   Reviewer Comment (2019-03-01): Received evidence borrower received documentation within appropriate time. Condition cleared.


Reviewer Comment (2019-03-01): Unable to downgrade to EVx as other disclosures were signed electronically which suggests that the early package was sent electronically as well. We cited for not have a E-sign consent agreement in file. Without an E-sign, any disclosures electronically should be treated as though they were never provided. As a result, we can only downgrade the CHARM to EVA if it can be demonstrated am E-sign consent was executed by the borrower on or before the date these disclosures were sent to them on xx/xx/xx.


Buyer Comment (2019-03-01): Please downgrade to EVA x since  Home Loan ToolKit was provided
 11/XX/2018  1:37:16 PM     1 A 11/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257774           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. Loan Estimate dated [Redacted] was provided.  Borrower signed electronically please provide E-sign Consent Agreement   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  5:11:36 PM 2 B 11/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257774           Compliance Compliance Federal Compliance 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 Estimate dated [Redacted] was provided as a trailing document.  Lender points increased from x% ([Redacted]) to [Redacted] ).  File does not contain valid change of circumstance for fee increase on the [Redacted] Loan Estimate.  Change of circumstance was provided however, it is dated [Redacted] which is dated after the Loan Estimate and does not provide any details of what changes occurred and why they occurred.   Reviewer Comment (2019-03-01): (Redacted) received a LE dated xx/xx/xx and VCC for fee change.
 11/XX/2018  3:49:41 PM     1 A 11/XX/2018 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
206257774           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The Loan Estimate dated [Redacted] was provided as a trailing document.  Lender points increased from x% ([Redacted]) to [Redacted] ).  File does not contain valid change of circumstance for fee increase on the [Redacted] Loan Estimate.  Change of circumstance was provided however, it is dated [Redacted] which is dated after the Loan Estimate and does not provide any details of what changes occurred and why they occurred.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  5:11:45 PM 2 B 11/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257776           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Total Closing Costs exceeding the legal limit was blank on the final CD yet the increase in ten percent tolerance fees was exceeded.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  4:28:49 PM 2 B 11/XX/2018 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
206257776           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Borrower was not provided with a list of service providers   Reviewer Comment (2019-03-01): (Redacted) received Service Provider List provided on xx/xx/xxxx. Exception Cleared
 11/XX/2018  8:15:34 AM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure C B A A C B A A Non QM Non QM No
206257776           Compliance Compliance Federal Compliance ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. ARM Loan Disclosure was not provided to the borrower   Reviewer Comment (2019-03-01): (Redacted) received ARM Disclosure and Disclosure Tracking indicating provided date of xx/xx/xxxx. Exception Cleared.
 11/XX/2018  8:15:34 AM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure C B A A C B A A Non QM Non QM No
206257776           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. CHARM booklet was not provided to the borrower   Reviewer Comment (2019-03-01): (Redacted) received CHARM Booklet and Disclosure Tracking indicating provided date of xx/xx/xxxx. Exception Cleared.
 11/XX/2018  8:15:34 AM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure C B A A C B A A Non QM Non QM No
206257776           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. Electronic E-Sign Disclosure not in file   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated xx/xx/xxxx. Exception Cleared
 11/XX/2018  8:15:34 AM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure C B A A C B A A Non QM Non QM No
206257776           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) New York Subprime Loan: Counseling Disclosure not provided to borrower. NY Sub Prime Counseling Disclosure was not in file   Reviewer Comment (2019-03-01): NY Sub Prime Counseling Disclosure provided.
 11/XX/2018  11:55:44 AM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
206257776           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan. APR on subject loan of 6.77520% is in excess of allowable threshold fo Prime Mortgage Market Rate of 5.82%   Reviewer Comment (2019-03-01): NY Sub Prime Counseling Disclosure provided.
 11/XX/2018  11:55:44 AM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
206257776           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.77520% or Final Disclosure APR of 6.83300% is in excess of allowable threshold of APOR 4.77% + 1.5%, or 6.27000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  9:56:15 AM 1 A 11/XX/2018 NY Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
206257776           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $x,xxx.xx plus 10% or $x,xxx.xx.  Insufficient or no cure was provided to the borrower. (0) Increase in Title Doc Prep fees from $[Redacted] to $[Redacted] exceeded the [Redacted] max tolerance.   Reviewer Comment (2019-03-01): (Redacted) received Service Provider List, E Consent, ARM Disclosure, and CHARM. The title fees in Section B were provided by Service Provider and initially disclosed in Section C. Exception Cleared.


Buyer Comment (2019-03-01): Please see SSPL
 11/XX/2018  8:28:34 AM     1 A 11/XX/2018 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
206257776           Compliance Compliance Federal Compliance 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 1026.43(c)(5).     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  4:28:37 PM 2 B 11/XX/2018 NY Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
206257776           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. .   Reviewer Comment (2019-03-01): New York Subprime Loan: Counseling Disclosure provided
 11/XX/2018  11:59:24 AM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
206257776           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan. .   Reviewer Comment (2019-03-01): New York Subprime Loan: Counseling Disclosure provided
 11/XX/2018  11:59:24 AM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
206257776           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) New York Subprime Loan: Counseling Disclosure not provided to borrower within three days of application. New York Subprime Loan: Counseling Disclosure dated [Redacted]   Reviewer Comment (2019-03-01): (Redacted) received email tracking dated x/xx/xxxx to borrower  via email.


Buyer Comment (2019-03-01): Please see attached tracking


Reviewer Comment (2019-03-01): Form is dated by borrower x/xx, not within x days of application- please provide evidence of document provided within x days of application
 11/XX/2018  3:56:26 PM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
206257778           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.21320% or Final Disclosure APR of 7.26600% is in excess of allowable threshold of APOR 4.94% + 1.5%, or 6.44000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): Client purchases HPML compliant loans.
     11/XX/2018  2:17:44 PM 1 A 11/XX/2018 TX Primary Purchase   C B B A C B A A Non QM Non QM No
206257778           Compliance Compliance Federal Compliance 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.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  5:01:00 PM 2 B 11/XX/2018 TX Primary Purchase   C B B A C B A A Non QM Non QM No
206257778           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) HOA Dues, non escrow property costs over x year is [Redacted]
CD indicates [Redacted]		   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure provided.
   11/XX/2018  3:38:49 PM   2 B 11/XX/2018 TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B B A C B A A Non QM Non QM Yes
206257778           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Charge-offs / Balance:  [Redacted] Per investor guidelines applicable on application date: All non-medical collection accounts and charge-offs that are not in dispute (except collection accounts and charge offs no longer enforceable due to the applicable state statute of limitations), must be paid in full prior to or at the time of a Loans' funding by the originating lender.   Reviewer Comment (2019-03-01): Per guidelines, amount has to exceed $xxxx.xx to require to be paid off.
 11/XX/2018  1:36:57 PM     1 A 11/XX/2018 TX Primary Purchase   C B B A C B A A Non QM Non QM No
206257778           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Prepaid Insurance Prepaid Other 1 Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] did not disclose number of months for Insurance Prepaid - Other under Prepaids. (Final/[Redacted]) The field is blank on the consumer's final CD.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  5:01:09 PM 2 B 11/XX/2018 TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B B A C B A A Non QM Non QM Yes
206257780           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   HOI coverage including [Redacted] of  [Redacted] meets loan amount of [Redacted] however not [Redacted] of the estimated cost new [Redacted] ([Redacted] x [Redacted] = [Redacted])   Reviewer Comment (2019-03-01): Replacement cost estimator provided.
 11/XX/2018  2:55:21 PM     1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
206257780           Compliance Compliance Federal Compliance Federal FACTA Disclosure Timing Test FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. FACTA provided at closing, evidence of earlier receipt missing from file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  1:01:28 PM 2 B 10/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
206257780           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.98530% or Final Disclosure APR of 7.03700% is in excess of allowable threshold of APOR 4.89% + 1.5%, or 6.39000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): Lender purchases HPML compliant loans.
     11/XX/2018  10:38:17 AM 1 A 10/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
206257780           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. NY Counseling Disclosure provided [Redacted], x days after application date.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  1:01:37 PM 2 B 10/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
206257780           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  1:01:44 PM 2 B 10/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
206257782           Compliance Compliance Federal Compliance 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. (Type:Primary/[Redacted]) Appraisal reflects date of report as  [Redacted], however per email, the borrower was sent the appraisal on  [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  2:24:43 PM 2 B 11/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257782           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Missing evidence of the borrower's receipt of the right to receive a copy of the Appraisal Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  2:25:26 PM 2 B 11/XX/2018 NY Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM Yes
206257782           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.86520% or Final Disclosure APR of 6.93100% is in excess of allowable threshold of APOR 4.89% + 1.5%, or 6.39000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): LE's, CD's and Change of Circumstance documents provided.  Loan is now HPML Compliant and exception has been added for HPML Compliant.
 11/XX/2018  10:32:43 AM     1 A 11/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257782           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - HPML Status HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Missing evidence of the borrower's receipt of the right to receive a copy of the Appraisal Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  2:25:35 PM 2 B 11/XX/2018 NY Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM No
206257782           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Missing evidence of the borrower's receipt of the Servicing Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  2:25:45 PM 2 B 11/XX/2018 NY Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM Yes
206257782           Compliance Compliance Federal Compliance 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. Missing evidence of the borrower's receipt of the List of Homeownership Counseling Organizations.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  2:25:54 PM 2 B 11/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257782           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) New York Subprime Loan: Counseling Disclosure not provided to borrower. Missing evidence of the borrower's receipt of the New York Subprime Counseling Disclosure.   Reviewer Comment (2019-03-01): NY Subprime disclosure was provided within x days of when loan became Subprime on xx/xx/xx.


Reviewer Comment (2019-03-01): Please provide the NY subprime disclosure dated within x days of application, document in file is dated xx/xx/xxxx.


Reviewer Comment (2019-03-01): Incorrectly cleared.


Reviewer Comment (2019-03-01): New York Subprime Loan: Counseling Disclosure provided
 11/XX/2018  4:06:47 PM     1 A 11/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257782           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan. Compliant NY Subprime Home Loan   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Reviewer Comment (2019-03-01): Subprime counseling disclosure provided within x days of loan becoming subprime.
     11/XX/2018  9:11:40 AM 2 B 11/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257782           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) New York Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan. Missing evidence of the borrower's receipt of the New York Subprime Tax Disclosure.   Reviewer Comment (2019-03-01): New York Subprime Tax Disclosure provided.


Buyer Comment (2019-03-01): Initial LE and subsequent re-disclosed LE's reflect loan is Escrowed with Taxes and Insurance amounts denoted on page x.  This meets the NY State Compliance x-M provision.  Please clear.


Reviewer Comment (2019-03-01): New York Subprime Loan (Notice of Taxes and Insurance) is a specific document. Exception remains.


Buyer Comment (2019-03-01): See uploaded Initial LE's disclosing Taxes.
 11/XX/2018  1:49:34 PM     1 A 11/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257782           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing evidence of the borrower's receipt of the Home Loan Toolkit.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  2:26:06 PM 2 B 11/XX/2018 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257782           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2019-03-01): LE's, CD's and Change of Circumstance documents provided
 11/XX/2018  10:32:43 AM     1 A 11/XX/2018 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257782           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. Missing evidence of the borrower's receipt of the Loan Estimate.   Reviewer Comment (2019-03-01): LE's, CD's and Change of Circumstance documents provided
 11/XX/2018  10:32:43 AM     1 A 11/XX/2018 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257782           Compliance Compliance Federal Compliance ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. Missing evidence of the borrower's receipt of the ARM Disclosure.   Reviewer Comment (2019-03-01): ARM disclosure provided


Buyer Comment (2019-03-01): ARM disclosure provided - program change from Fixed to ARM as of x(Redacted).
 11/XX/2018  9:03:36 AM     1 A 11/XX/2018 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257782           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. Missing evidence of the borrower's receipt of the Consumer Handbook on Adjustable Rate Mortgages.   Reviewer Comment (2019-03-01): CHARM Booklet Disclosure  provided.


Buyer Comment (2019-03-01): CHARM booklet and Discl Tracking Summary uploaded showing booklet provided at time of COC x/xx when program changed from Fixed to ARM. Please clear.


Reviewer Comment (2019-03-01): CHARM Booklet Disclosure not provided.
 11/XX/2018  1:49:34 PM     1 A 11/XX/2018 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257782           Compliance Compliance Federal Compliance 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 three (3) business days of application. .   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  10:19:44 AM 2 B 11/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257782           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) New York Subprime Loan: Counseling Disclosure not provided to borrower within three days of application. New York Subprime Loan: Counseling Disclosure dated [Redacted].   Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): NY Subprime Loan Counseling Disclosure dated xx/xx/xx was the day the loan went "subprime" thus the disclosure date.  Please clear.


Reviewer Comment (2019-03-01): New York Subprime Loan: Counseling Disclosure dated xx/xx/xxxx.
 11/XX/2018  11:01:29 AM     1 A 11/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257782           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.86520% or Final Disclosure APR of 6.93100% is in excess of allowable threshold of APOR 4.89% + 1.5%, or 6.39000%.  Compliant Higher Priced Mortgage Loan. Compliant Higher Priced Mortgage Loan.   Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  3:54:21 PM 1 A 11/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257782           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. LE's and CD's provided as trailing documents were electronically signed.  Please provide E-sign Consent Agreement   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  2:08:17 PM 2 B 11/XX/2018 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257784           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.08560% or Final Disclosure APR of 7.08800% is in excess of allowable threshold of APOR 4.95% + 1.5%, or 6.45000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  9:41:20 AM 1 A 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257784           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) New York Subprime Loan: Counseling Disclosure not provided to borrower.     Reviewer Comment (2019-03-01): Loan became NY Subprime with COC dated x/xx and was not Subprime at time of application.  Exception cleared.


Reviewer Comment (2019-03-01): Incorrectly cleared


Reviewer Comment (2019-03-01): .


Buyer Comment (2019-03-01): here is the (Redacted) from x/xx/xx showing it wasn't subprime.  Here is the one also from x/xx/xx showing it IS subprime as well as the disclosure that was sent out and executed in the appropriate time frame
 11/XX/2018  4:08:08 PM     1 A 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257784           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan. Loan is a compliant New York Subprime Home Loan.   Buyer Comment (2019-03-01): (Redacted) Has Elected to waive
     11/XX/2018  9:32:43 AM 2 B 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257784           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) New York Subprime Loan: Counseling Disclosure not provided to borrower within three days of application. .   Reviewer Comment (2019-03-01): Loan changed from Prime to Sub-prime on xx/xx/xxxx
 11/XX/2018  11:57:59 AM     1 A 10/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257786           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy.   The verified funds are insufficient to cover the reserve requirement in addition to funds for closing.   Reviewer Comment (2019-03-01): Included POC's to assets to satisfy reserve requirements.
 11/XX/2018  12:27:57 PM     1 A 11/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257786           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.85910% or Final Disclosure APR of 6.86300% is in excess of allowable threshold of APOR 4.89% + 1.5%, or 6.39000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): Lender purchases HPML compliant loans.
     11/XX/2018  3:05:37 PM 1 A 11/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257786           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) New York Subprime Loan: Counseling Disclosure not provided to borrower within three days of application. Unable to determine earlier receipt of Counseling Disclosure issued by the New York Department of Financial Services.   Reviewer Comment (2019-03-01): New York Subprime Loan: Counseling Disclosure provided.


Buyer Comment (2019-03-01): Sent out with initial disclosures package
 11/XX/2018  12:41:21 PM     1 A 11/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257786           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): .
 11/XX/2018  12:41:21 PM     1 A 11/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257786           Compliance Compliance Federal Compliance ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. There is documented evidence in file that the ARM Disclosure was provided to the Borrower, however, because a copy of the disclosure was not provided it cannot be determined whether it was compliant or not.   Reviewer Comment (2019-03-01): ARM loan program disclosure provided.


Reviewer Comment (2019-03-01): ARM loan program disclosure not provide in package uploaded to file. Exception remains.


Buyer Comment (2019-03-01): Sent out with initial disclosures package
 11/XX/2018  10:33:07 AM     1 A 11/XX/2018 NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257786           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The Patriot Search fee appeared on the Final CD but was not disclosed to the Borrower on the Loan Estimates. The Final CD does not reflect a cure amount for the dollar amount by which the total closing costs exceed the legal limit.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  10:07:57 AM 2 B 11/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257786           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Patriot Search.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. The Patriot Search fee was disclosed on the Final CD but was not initially disclosed to the Borrower on the Loan Estimate. There is no Changed Circumstance in file addressing this increase and no cure provided to the Borrower.   Reviewer Comment (2019-03-01): Patriot Search Fee paid to borrower chosen provider on Final CD


Buyer Comment (2019-03-01): SSPL, the borrower closed w/ a different title company than the one on our SSPL thereby not forcing us to adhere to the tolerance.


Buyer Comment (2019-03-01): Sent out with initial disclosures package
 11/XX/2018  3:55:58 PM     1 A 11/XX/2018 NY 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
206257786           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Partial Payments TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Partial Payments. (Final/[Redacted]) The Final CD does not indicate whether partial payments are allowed.   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure provided


Buyer Comment (2019-03-01): Please see PC CD,  LOE, and FED Label
   11/XX/2018  3:56:32 PM   2 B 11/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257786           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  2:51:37 PM 2 B 11/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257786           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. .   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  2:51:49 PM 2 B 11/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206257788           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted]     Reviewer Comment (2019-03-01): Paystubs and WVOE provided.
 11/XX/2018  10:25:19 AM     1 A 11/XX/2018 CA Second Home Purchase   C B C B B B A A Non QM Non QM No
206257788           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. File contains evidence that the borrower received electronic disclosures, missing documentation of consent   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  12:28:03 PM 2 B 11/XX/2018 CA Second Home Purchase No Defined Cure C B C B B B A A Non QM Non QM No
206257788           Credit Credit Miscellaneous Miscellaneous Credit (Non-Material):   Allow non-vested, restricted stock options as income ([Redacted] per month/18% of total income) vs program requirement that borrower is fully vested and has unrestricted access to said stick options. Lender approved. Borrower is XXX For the past 3 years, 5 months and in the profession for 10 years.

DTI 40.85908%, 9.14092% < program maximum of 50%

40 months reserves > 3 months guideline minimum

Credit score is 707,  7 points > program requirement of 700.

LTV is 75%, 5% < program maximum of 80%.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     11/XX/2018  2:43:31 PM 2 B 11/XX/2018 CA Second Home Purchase   C B C B B B A A Non QM Non QM No
206257788           Credit Credit Miscellaneous Credit Exception:   Need additional information on [Redacted] and [Redacted] ISO income for calculation. (Additional income on paystubs used to qualify by lender - no documents provided for previous x years - amount is listed on the UW worksheet) Borrower is XXX for the past 3 years, 5 months and in the profession for 10 years.

DTI 40.85908%, 9.14092% < program maximum of 50%

40 months reserves > 3 months guideline minimum

Credit score is 707,  7 points > program requirement of 700.

LTV is 75%, 5% < program maximum of 80%.		 Reviewer Comment (2019-03-01): Allow non-vested, restricted stock options as income ($xxxx.xxper month/xx% of total income) vs program requirement that borrower is fully vested and has unrestricted access to said stock options.
     11/XX/2018  8:04:36 AM 2 B 11/XX/2018 CA Second Home Purchase   C B C B B B A A Non QM Non QM No
206257790           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Current paystubs missing for Co-Borrower XXX.   Reviewer Comment (2019-03-01): Paystubs provided.
 11/XX/2018  10:49:46 AM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206257790           Credit Property - Appraisal Appraisal Documentation Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. Valuation Type: Appraisal / Valuation Report Date: [Redacted]     Reviewer Comment (2019-03-01): xxxxD/xxx was provided.
 11/XX/2018  10:50:11 AM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206257790           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Primary/[Redacted])     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  2:27:37 PM 2 B 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206257790           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.06020% or Final Disclosure APR of 7.09700% is in excess of allowable threshold of APOR 4.89% + 1.5%, or 6.39000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): Receipt of Appraisal provided.
 12/04/2018     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206257790           Compliance Compliance Federal Compliance (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 three (3) business days prior to consummation. (Type:Additional[Redacted])     Reviewer Comment (2019-03-01): Receipt of Appraisal provided.
 12/04/2018     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206257790           Compliance Compliance State Compliance (State HPML Provision) New York Subprime Loan (Change Fees) New York Subprime Loan: Mortgage loan contains possible impermissible modification or deferral fees. (Note: Only applies if original loan was also subprime.)     Reviewer Comment (2019-03-01): Extension fee is for rate lock extension, not subprime change fee


Reviewer Comment (2019-03-01): Reopening to address Compliant vs Non-Compliant


Reviewer Comment (2019-03-01): Extension fee charged is for rate lock


Buyer Comment (2019-03-01): Credit report identifies loan being paid in full as being a prime conventional loan with Fannie Mae. Uploaded copy of prior mortgage recorded.  Please clear.
 12/XX/2018  5:13:55 PM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206257790           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): Extension fee is for rate lock extension, not subprime change fee
 12/XX/2018  5:13:55 PM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206257790           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) The final CD disclosed month escrow amount of [Redacted] which calculates to an annual amount of [Redacted].  Page x of the final CD disclosed [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the amount of escrowed property costs over x year and LOE. Exception Cured.


Buyer Comment (2019-03-01): PCCD uploaded with correction. Please clear.
   12/XX/2018  8:14:51 AM   2 B 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257790           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/615096) Hazard insurance premium is [Redacted] annually or [Redacted] per month.  Final CD disclosed monthly escrow for hazard insurance as [Redacted]   Reviewer Comment (2019-03-01): (Redacted) received  Letter of Explanation, Proof of Delivery, Corrected CD, and RTC has been reopened and expired.


Reviewer Comment (2019-03-01): (Redacted) received RTC form with an expiration of xx-xx-xx and proof of delivery on xx-xx-xx.  Will cure after expiration expires.


Reviewer Comment (2019-03-01): rescission is required to be reopened based on the violation occurring to a material disclosure.Once this has been received, along with proof of delivery so as to establish the requisite x business day expiration was provided, we can cure.


Reviewer Comment (2019-03-01): (Redacted) received PCCD corrected the projected payments, LOE and Shipping Label. The label indicates package has yet to be shipped. Please indicate when Proof of Delivery is completed.


Buyer Comment (2019-03-01): PCCD uploaded with correction. Please clear.
   12/XX/2018  12:39:54 AM   2 B 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206257790           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Fixed Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/615096) Hazard insurance premium is [Redacted] annually or [Redacted] per month.  Final CD disclosed monthly escrow for hazard insurance as [Redacted]   Reviewer Comment (2019-03-01): Cure documentation received. Exception cured to EVx-B.


Buyer Comment (2019-03-01): See trailing documents - Rescission was reopened, proof of delivery provided. Please clear.


Reviewer Comment (2019-03-01): rescission is required to be reopened based on the violation occurring to a material disclosure.Once this has been received, along with proof of delivery so as to establish the requisite x business day expiration was provided, we can cure.


Reviewer Comment (2019-03-01): (Redacted) received PCCD corrected the projected payments, LOE and Shipping Label. The label indicates package has yet to be shipped. Please indicate when Proof of Delivery is completed.


Buyer Comment (2019-03-01): PCCD uploaded with correction. Please clear.
   12/XX/2018  1:35:47 PM   2 B 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206257790           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the increases to the Final Inspection Fee and the Lock Extension.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  2:27:27 PM 2 B 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257790           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Final CD issued [Redacted], signed by borrower as received on [Redacted] . Actual closing date is [Redacted]   Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx CD received xx/xx/xxxx. Exception Cleared.
 12/04/2018     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C A C B A A Non QM Non QM No
206257790           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. The SSPL is not located in the file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  2:27:20 PM 2 B 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C A C B A A Non QM Non QM No
206257790           Compliance Compliance Federal Compliance 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. Extension Fee added to the CD issued on [Redacted] without a valid change of circumstance.   Reviewer Comment (2019-03-01): (Redacted) received COC indicating a rate lock extension. Exception Cleared.
 12/XX/2018  4:40:51 PM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation 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
206257790           Compliance Compliance Federal Compliance 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. Final Inspection Fee added to the CD issued on [Redacted] without a valid change of circumstance.   Reviewer Comment (2019-03-01): Cure documentation received. Exception cured to EVx.


Buyer Comment (2019-03-01): Delivered


Reviewer Comment (2019-03-01): (Redacted) received PCCD indicating a cure of $xxx, LOE, Refund Check, and Shipping Label. The label indicates package has yet to be shipped. Please indicate when Proof of Delivery is completed to cure.
   12/XX/2018  2:57:02 PM   2 B 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation 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
206257790           Compliance Compliance Federal Compliance 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 three (3) business days of application. The disclosure was provided on [Redacted]; the application was received on [Redacted].   Reviewer Comment (2019-03-01): Seller provided form dated xx/xx/xxxx


Reviewer Comment (2019-03-01): Incorrectly waived


Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
 12/XX/2018  2:58:16 PM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206257790           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) New York Subprime Loan: Counseling Disclosure not provided to borrower within three days of application. The disclosure was provided on [Redacted]; the application was received on [Redacted].   Reviewer Comment (2019-03-01): New York Subprime Counseling Disclosure provided.


Reviewer Comment (2019-03-01): New York Subprime Loan Counseling Disclosure dated within three days of application not provided as of yet.
 12/04/2018     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206257790           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.06020% or Final Disclosure APR of 7.09700% is in excess of allowable threshold of APOR 4.89% + 1.5%, or 6.39000%.  Compliant Higher Priced Mortgage Loan. .   Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  1:34:40 PM 1 A 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206257790           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  1:45:42 PM 2 B 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206257792           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Guidelines require a minimum of x months of reserves yet only [Redacted] months available after closing. The borrower has a perfect credit history with no late payments reflected in the history.

Borrower has job stability for 3 years as XXX for 3 years and has 6 years experience in the field.

38% DTI on this Full Documentation loan < 50% guideline max 12% below program guideline maximum

Credit Score of 722, 82 points> program requirements of  mininum 640.		 Reviewer Comment (2019-03-01): Reserves are x.xx months vs program requirement of x months.
     12/XX/2018  7:50:31 AM 2 B 10/XX/2018 CO Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257792           Compliance Compliance Federal Compliance ARM Disclosure Prior to Closing Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower at least three (3) days prior to consummation for a loan that did not start as an ARM. Only ARM disclosure in file was provided to and signed by the borrower on [Redacted] which is the date of consummation.   Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): LE dated xx/xx/xx reflects program was FIXED rate.  COC / LE dated xx/xx/xx reflects program change to x/x ARM.  Please clear.


Reviewer Comment (2019-03-01): Document provided reflects a date of xx/xx/xxxx, outside of x days of app date.


Buyer Comment (2019-03-01): See trailing document uploaded.
 12/04/2018     1 A 10/XX/2018 CO Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257792           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Prior to Closing Timing TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower at least three (3) days prior to consummation for a loan that did not start as an ARM.     Reviewer Comment (2019-03-01): Agree with lender.
 12/04/2018     1 A 10/XX/2018 CO Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257792           Compliance Compliance Federal Compliance TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (Initial/[Redacted]) Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (Initial/[Redacted])   Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx LE. Exception Cleared.


Buyer Comment (2019-03-01): Please see trailing document uploaded.
 12/04/2018     1 A 10/XX/2018 CO Primary Refinance - Rate/Term No Defined Cure C B C B C B A A Non QM Non QM No
206257792           Compliance Compliance Federal Compliance TRID Service Provider Timing TILA-RESPA Integrated Disclosure: Borrower did not receive a list of service providers within 3 business days of application. Borrower did not receive a list of service providers within 3 business days of application. (List was not found in file).   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  2:16:01 PM 2 B 10/XX/2018 CO Primary Refinance - Rate/Term No Defined Cure C B C B C B A A Non QM Non QM No
206257792           Compliance Compliance Federal Compliance TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. (Note: provided via initial LE effective [Redacted] vs application date of [Redacted]).   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  2:15:54 PM 2 B 10/XX/2018 CO Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM Yes
206257792           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Property Value TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed an Appraised Property Value that did not match the actual Property Value for the loan. (Final/[Redacted]) General Information: Final Closing Disclosure provided on [Redacted] disclosed an Appraised Property Value [Redacted] that did not match the actual Property Value for the loan pf [Redacted] (per the Appraisal).   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  2:15:47 PM 2 B 10/XX/2018 CO Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257792           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Note reflects assumption language yet CD indicates assumption not allowed.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  2:15:07 PM 2 B 10/XX/2018 CO Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257792           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Issue:  Refinance seasoning requirements not met   Borrower has been on deed and title for 1 months (purchased [Redacted]) vs the program minimum requirement of 3 months.  An approved Lender Exception was provided for this variance from guidelines. The borrower has a perfect credit history with no late payments reflected in the history.

Borrower has job stability for 3 years as XXX for 3 years and has 6 years experience in the field.

38% DTI on this Full Documentation loan < 50% guideline max 12% below program guideline maximum

Credit Score of 722, 82 points> program requirements of  mininum 640.

The DTI is 37.917%, 12.086% below the program maximum of 50%.		 Reviewer Comment (2019-03-01): An approved Lender Exception was provided and the stated compensating factors are confirmed by documents in file.
     11/XX/2018  1:06:40 PM 2 B 10/XX/2018 CO Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257794           Compliance Compliance State Compliance (State HPML) Minnesota Subprime (APR Exceeds Subprime Threshold) Minnesota Subprime Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is in excess of allowable threshold of USTreasury [Redacted]% + 3%, or [Redacted]%.  Compliant Subprime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  2:35:12 PM 2 B 11/XX/2018 MN Primary Purchase   B B A A B B A A Non QM Non QM No
206257794           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Demand Feature TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan contains a Demand Feature. (Final/[Redacted]) Final CD issued [Redacted] did not indicate if the loan has a Demand Feature or not. Field is blank.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  2:35:25 PM 2 B 11/XX/2018 MN Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
206257794           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] did not disclose number of months for homeowner's insurance under Prepaids. (Final/[Redacted]) Page x section F of final CD does not disclose the number of months of Hazard Insurance   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  2:35:33 PM 2 B 11/XX/2018 MN Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
206257794           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (Final/[Redacted]) The TIP disclosed on the Final CD is [Redacted] higher than the system calculated TIP. The cause of this discrepancy cannot be determined.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  2:35:47 PM 2 B 11/XX/2018 MN Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
206257796           Compliance Compliance Federal Compliance Federal FACTA Disclosure Timing Test FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2019-03-01): Initial FACTA Disclosure was provided on x/xx/xx.
 11/XX/2018  11:18:58 AM     1 A 11/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257796           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.39050% or Final Disclosure APR of 6.42800% is in excess of allowable threshold of APOR 4.89% + 1.5%, or 6.39000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): cleared
 11/XX/2018  11:18:58 AM     1 A 11/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257796           Compliance Compliance Federal Compliance 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 three (3) business days of application. Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2019-03-01): (Redacted) received evidence of earlier receipt.
 11/XX/2018  11:24:16 AM     1 A 11/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257796           Compliance Compliance Federal Compliance 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. Missing evidence of the borrower's receipt of the List of Homeownership Counseling Organizations.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  9:42:22 AM 2 B 11/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257796           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Missing evidence of the borrower's receipt of the Right to receive a copy of the Appraisal Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  9:42:30 AM 2 B 11/XX/2018 FL Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM Yes
206257796           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - HPML Status HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Missing evidence of the borrower's receipt of the Right to receive a copy of the Appraisal Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  9:42:41 AM 2 B 11/XX/2018 FL Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM No
206257796           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Missing evidence of the borrower's receipt of the Servicing Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  9:43:14 AM 2 B 11/XX/2018 FL Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM Yes
206257796           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing evidence of the borrower's receipt of the Home Loan Toolkit.   Reviewer Comment (2019-03-01): (Redacted) received Home Loan Tool Kit.
 11/XX/2018  11:10:14 AM     1 A 11/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257796           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2019-03-01): (Redacted) received x LEs and an initial CD and evidence of earlier receipt.
 11/XX/2018  11:10:14 AM     1 A 11/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257796           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. Missing evidence of the borrower's receipt of the Loan Estimate.   Reviewer Comment (2019-03-01): (Redacted) received x LEs and an initial CD and evidence of earlier receipt.
 11/XX/2018  11:10:14 AM     1 A 11/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257796           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. .   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  11:37:00 AM 2 B 11/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257796           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) .   Reviewer Comment (2019-03-01): Not applicable after receipt of initial and revised LE and initial CD.
 11/XX/2018  11:18:58 AM     1 A 11/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257796           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. .   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  11:37:09 AM 2 B 11/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257798           Credit Missing Document General Missing Document: Borrower Ability to Repay Attestation not provided   Guidelines require the Borrower Attestation [Redacted] ATR-[Redacted] to be completed by the Borrower and included in file, however, it was not found in the documents provided.   Reviewer Comment (2019-03-01): Borrower Attestation signed and dated provided.


Reviewer Comment (2019-03-01): Borrower Attestation not initialed by borrower.
 12/04/2018     1 A 11/XX/2018 NY Primary Purchase   C B C A C B C A Non QM Non QM No
206257798           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) The total estimated monthly escrow payment is [Redacted], calculated over [Redacted] months is a total of [Redacted]. Unable to determine how the figure of $[Redacted] was calculated but is not supported by documentation in file.   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the amount of escrowed property costs over x year and LOE. Exception Cured.


Reviewer Comment (2019-03-01): Estimated monthly escrow payment is $x,xxx.xx page x of the Final CD reflects $xx,xxx as the Amount of Escrowed Property Costs over Year x.  This figure needs to be corrected as $xx,xxx is not the amount of esrowed cost over x year based on the monthly escrow amount. Please provide a Corrected CD and Letter of Explanation to the borrower cure.
   12/XX/2018  4:04:38 PM   2 B 11/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM Yes
206257798           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/616218) The variance of the escrow payment is caused by the reserve amount calculated for School Taxes. The Borrower's final CD discloses a monthly amount of [Redacted], however, the tax certs in file support an amount of [Redacted] per month.   Reviewer Comment (2019-03-01): Confirmed from Tax Certificates in the loan file total XXX for xxxx / xxxx total $xx,xxx.xx which is $x,xxx.xx per month.
 11/XX/2018  11:49:06 AM     1 A 11/XX/2018 NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B C A Non QM Non QM Yes
206257798           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/616219) The variance of the escrow payment is caused by the reserve amount calculated for School Taxes. The Borrower's final CD discloses a monthly amount of [Redacted], however, the tax certs in file support an amount of [Redacted] per month.   Reviewer Comment (2019-03-01): Confirmed from Tax Certificates in the loan file total school taxes for xxxx / xxxx total $xx,xxx.xx which is $x,xxx.xx per month.
 11/XX/2018  11:49:06 AM     1 A 11/XX/2018 NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B C A Non QM Non QM Yes
206257798           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/616220) The variance of the escrow payment is caused by the reserve amount calculated for School Taxes. The Borrower's final CD discloses a monthly amount of [Redacted], however, the tax certs in file support an amount of [Redacted] per month.   Reviewer Comment (2019-03-01): Confirmed from Tax Certificates in the loan file total school taxes for xxxx / xxxx total $xx,xxx.xx which is $x,xxx.xx per month.
 11/XX/2018  11:49:06 AM     1 A 11/XX/2018 NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B C A Non QM Non QM Yes
206257798           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/616221) The variance of the escrow payment is caused by the reserve amount calculated for School Taxes. The Borrower's final CD discloses a monthly amount of [Redacted], however, the tax certs in file support an amount of [Redacted] per month.   Reviewer Comment (2019-03-01): Confirmed from Tax Certificates in the loan file total school taxes for xxxx / xxxx total $xx,xxx.xx which is $x,xxx.xx per month.
 11/XX/2018  11:49:06 AM     1 A 11/XX/2018 NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B C A Non QM Non QM Yes
206257798           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/616218) The variance of the total monthly payment is caused by the reserve amount calculated for School Taxes. The Borrower's final CD discloses a monthly amount of [Redacted], however, the tax certs in file support an amount of [Redacted] per month.   Reviewer Comment (2019-03-01): Confirmed from Tax Certificates in the loan file total school taxes for xxxx / xxxx total $xx,xxx.xx which is $x,xxx.xx per month.
 11/XX/2018  11:49:06 AM     1 A 11/XX/2018 NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B C A Non QM Non QM Yes
206257798           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 2 that does not match the actual total payment for the loan. (ProjSeq:2/616219) The variance of the total monthly payment is caused by the reserve amount calculated for School Taxes. The Borrower's final CD discloses a monthly amount of [Redacted], however, the tax certs in file support an amount of [Redacted] per month.   Reviewer Comment (2019-03-01): Confirmed Minimum Estimated Payment is correct on the Final CD.
 11/XX/2018  11:56:51 AM     1 A 11/XX/2018 NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B C A Non QM Non QM Yes
206257798           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 3 that does not match the actual total payment for the loan. (ProjSeq:3/616220) The variance of the total monthly payment is caused by the reserve amount calculated for School Taxes. The Borrower's final CD discloses a monthly amount of [Redacted], however, the tax certs in file support an amount of [Redacted] per month.   Reviewer Comment (2019-03-01): Confirmed Minimum Estimated Payment is correct on the Final CD.
 11/XX/2018  11:56:51 AM     1 A 11/XX/2018 NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B C A Non QM Non QM Yes
206257798           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 4 that does not match the actual total payment for the loan. (ProjSeq:4/616221) The variance of the total monthly payment is caused by the reserve amount calculated for School Taxes. The Borrower's final CD discloses a monthly amount of [Redacted], however, the tax certs in file support an amount of [Redacted] per month.   Reviewer Comment (2019-03-01): Confirmed Minimum Estimated Payment is correct on the Final CD.  Confirmed Minimum Estimated Payment is correct on the Final CD.
 11/XX/2018  11:56:51 AM     1 A 11/XX/2018 NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B C A Non QM Non QM Yes
206257798           Property Property - Appraisal Appraisal Documentation The property type differs between the valuation documents in file. Unable to verify the property type.  Ineligible per guidelines.   The valuation provided with the most conservative value indicates the subject property is "attached", however, all other valuations confirm it is "detached". The subject appears to be detached in the photos provided. Please provide documentation to confirm.   Reviewer Comment (2019-03-01): Corrected appraisal provided reflecting detached.
 12/XX/2018  10:08:56 AM     1 A 11/XX/2018 NY Primary Purchase   C B C A C B C A Non QM Non QM No
206257800           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Final/[Redacted]) Section F of the final disclosure reflects a total amount collected for homeowners insurance of [Redacted], which does not match the monthly calculation amount of [Redacted] from section G   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  5:43:27 PM 2 B 11/XX/2018 NH Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
206257800           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.04150% or Final Disclosure APR of 7.07700% is in excess of allowable threshold of APOR 4.95% + 1.5%, or 6.45000%.  Compliant Higher Priced Mortgage Loan. 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] + x.x%, or [Redacted]%. Compliant Higher Priced Mortgage Loan.   Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  9:27:19 AM 1 A 11/XX/2018 NH Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
206257802           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   The Lender's Initial 1003 was not provided in file, however, the Creditor Application Date was confirmed through other documentation.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  10:14:49 AM 2 B 11/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206257802           Compliance Compliance Federal Compliance TILA LO Compensation (Impermissible Compensation Method) Loan Originator Compensation (Dodd-Frank 2014):  Unable to determine Compensation method used. Unable to determine what the Broker's compensation was based upon. The Disclosure in file only provides the amount of compensation but not the method of calculation.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  10:15:01 AM 2 B 11/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206257802           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) The estimated escrow payment disclosed on the Final CD is [Redacted] per month. This figure calculated over x year is a total of [Redacted] versus the [Redacted] disclosed on the Final CD.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation & Corrected Closing Disclosure.


Buyer Comment (2019-03-01): Uploaded for review: PCCD-LOX-Label
   11/XX/2018  5:22:26 PM   2 B 11/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257802           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/617097) The final CD indicates the homeowner's insurance premium is [Redacted] with a monthly expense of [Redacted], however, the evidence of insurance provided in file discloses an insurance premium of [Redacted] which is a monthly figure of [Redacted]. This is causing a variance in the calculation of the monthly payment.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable.


Buyer Comment (2019-03-01): Uploaded for review: PCCD-LOX-Label
   11/XX/2018  5:23:32 PM   2 B 11/XX/2018 CA Primary Purchase 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
206257802           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/617098) The final CD indicates the homeowner's insurance premium is [Redacted] with a monthly expense of [Redacted], however, the evidence of insurance provided in file discloses an insurance premium of [Redacted] which is a monthly figure of [Redacted]. This is causing a variance in the calculation of the monthly payment.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, and Corrected CD.


Buyer Comment (2019-03-01): Uploaded for review: PCCD-LOX-Label
   11/XX/2018  5:24:58 PM   2 B 11/XX/2018 CA Primary Purchase 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
206257802           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/617099) The final CD indicates the homeowner's insurance premium is [Redacted] with a monthly expense of [Redacted], however, the evidence of insurance provided in file discloses an insurance premium of [Redacted] which is a monthly figure of [Redacted]. This is causing a variance in the calculation of the monthly payment.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, and Corrected CD.


Buyer Comment (2019-03-01): Uploaded for review: PCCD-LOX-Label
   11/XX/2018  5:25:23 PM   2 B 11/XX/2018 CA Primary Purchase 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
206257802           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/617100) The final CD indicates the homeowner's insurance premium is [Redacted] with a monthly expense of [Redacted], however, the evidence of insurance provided in file discloses an insurance premium of [Redacted] which is a monthly figure of [Redacted]. This is causing a variance in the calculation of the monthly payment.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, and Corrected CD.


Buyer Comment (2019-03-01): Uploaded for review: PCCD-LOX-Label
   11/XX/2018  5:26:08 PM   2 B 11/XX/2018 CA Primary Purchase 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
206257802           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/617097) The final CD indicates the homeowner's insurance premium is [Redacted] with a monthly expense of [Redacted], however, the evidence of insurance provided in file discloses an insurance premium of [Redacted] which is a monthly figure of [Redacted]. This is causing a variance in the calculation of the monthly payment.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, and Corrected CD.


Buyer Comment (2019-03-01): Uploaded for review: PCCD-LOX-Label
   11/XX/2018  5:26:34 PM   2 B 11/XX/2018 CA Primary Purchase 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
206257802           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (Final/[Redacted]) The final CD indicates the homeowner's insurance premium is [Redacted] with a monthly expense of [Redacted], however, the evidence of insurance provided in file discloses an insurance premium of [Redacted] which is a monthly figure of [Redacted]. This is causing a variance in the calculation of the monthly payment.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  10:15:19 AM 2 B 11/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257804           Credit Assets Asset Calculation / Analysis Available for Closing is insufficient to cover Cash From Borrower.   File is missing additional funds to verify cash to close and reserves. Per final [Redacted] and [Redacted], borrower has [Redacted] in account #[Redacted]. File is missing most recent x months bank statements to support.   Reviewer Comment (2019-03-01): Additional assets provided to satisfy reserve requirements.


Buyer Comment (2019-03-01): (REDACTED) and (REDACTED) bank statements with balance of $xxxxxxx.xx as of x/xx uploaded for your review.
 11/XX/2018  12:48:31 PM     1 A 11/XX/2018 OR Primary Purchase   C B C A C B A A Non QM Non QM No
206257804           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Cure for Loan Discount Points of [Redacted] was not provided.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  7:12:46 PM 2 B 11/XX/2018 OR Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257804           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx CD was received electronically on xx/xx/xxxx. Exception Cleared.


Buyer Comment (2019-03-01): xx/xx Cd tracking uploaded for your review.
 11/XX/2018  11:59:57 AM     1 A 11/XX/2018 OR Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257804           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicated xx/xx/xxxx LE was received xx/xx/xxxx. Exception Cleared.


Buyer Comment (2019-03-01): xx/x LE tracking uploaded for your review.
 11/XX/2018  12:29:31 PM     1 A 11/XX/2018 OR Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257804           Compliance Compliance Federal Compliance 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. Fee was increased to $[Redacted] on LE dated [Redacted]. File is missing a valid change of circumstance for the increase in fee. No evidence of cure provided.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx COC indicating loan amount increase corresponding with the fee. Exception Cleared.


Buyer Comment (2019-03-01): Change of circumstance has been uploaded for your review.
 11/XX/2018  8:01:33 AM     1 A 11/XX/2018 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
206257804           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy.   File is missing additional funds to verify cash to close and reserves. Per final [Redacted] and [Redacted], borrower has [Redacted] in account #[Redacted]. File is missing most recent x months bank statements to support.   Reviewer Comment (2019-03-01): Additional assets provided to satisfy reserve requirements.


Buyer Comment (2019-03-01): (REDACTED) and (REDACTED) bank statements with balance of $xxxxxx.xx  as of x/xx uploaded for your review.
 11/XX/2018  12:48:44 PM     1 A 11/XX/2018 OR Primary Purchase   C B C A C B A A Non QM Non QM No
206257804           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure [Redacted] 12:00:00 AM was received. (Interim/[Redacted]) Added [Redacted]he most recent LE used the mailbox rule therefore receipt is 11/XX/2018, the same day the of the initial CD.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicated xx/xx/xxxx LE was received xx/xx/xxxx. Exception Cleared.
 11/XX/2018  12:29:31 PM     1 A 11/XX/2018 OR Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257806           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  11:33:36 AM 2 B 11/XX/2018 TX Primary Purchase   C B C A C B A A Non QM Non QM No
206257806           Credit Missing Document General Missing Document: Borrower Ability to Repay Attestation not provided       Reviewer Comment (2019-03-01): Borrower Ability to Repay Attestation provided.


Buyer Comment (2019-03-01): See Attached Borrower attestation
 11/XX/2018  8:22:15 AM     1 A 11/XX/2018 TX Primary Purchase   C B C A C B A A Non QM Non QM No
206257806           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  11:33:48 AM 2 B 11/XX/2018 TX Primary Purchase   C B C A C B A A Non QM Non QM No
206257806           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  11:33:57 AM 2 B 11/XX/2018 TX Primary Purchase   C B C A C B A A Non QM Non QM No
206257806           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Missing proof of timely receipt of the initial closing disclosure dated [Redacted]   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx CD was received xx/xx/xxxx. Exception Cleared.


Buyer Comment (2019-03-01): See attached Timely receipt of Initial CD
 11/XX/2018  1:48:39 PM     1 A 11/XX/2018 TX Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257806           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) LE received date  of [Redacted] is not received by borrower at least x business days prior to closing   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx LE was received xx/xx/xxxx. Exception Cleared.


Buyer Comment (2019-03-01): See attached timely receipt of revised LE
 11/XX/2018  1:42:54 PM     1 A 11/XX/2018 TX Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257806           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.63950% or Final Disclosure APR of 7.89200% is in excess of allowable threshold of APOR 4.94% + 2.5%, or 7.44000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  9:32:34 AM 1 A 11/XX/2018 TX Primary Purchase   C B C A C B A A Non QM Non QM No
206257808           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Buyer Comment (2019-03-01): waive
     11/XX/2018  2:40:13 PM 2 B 11/XX/2018 MD Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257808           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ Lender approved exception doc [Redacted] for no CPA letter (borrower does not have a CPA) vs. program requirement of CPA letter stating withdrawal of business funds will not affect business. No late payments in last 45 months, no public records.

Borrower self-employed for 3 years, in same line of work 8 years.

29.46% DTI vs. program max of 50%.

627 FICO vs. program min. of 620.		 Reviewer Comment (2019-03-01): Borrower dos not have a CPA. Exception is to not require a CPA letter stating withdrawal of funds would negatively impact the business vs program requirement to have a CPA letter stating such.
     11/XX/2018  3:18:21 PM 2 B 11/XX/2018 MD Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257808           Compliance Compliance Federal Compliance 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 three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:Primary/[Redacted]) Appraisal timing waived, no evidence when reports provided in file.   Buyer Comment (2019-03-01): waive
     11/XX/2018  2:40:39 PM 2 B 11/XX/2018 MD Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257808           Compliance Compliance Federal Compliance Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).     Buyer Comment (2019-03-01): waive
     11/XX/2018  2:40:51 PM 2 B 11/XX/2018 MD Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM Yes
206257808           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing from file.   Buyer Comment (2019-03-01): waive
     11/XX/2018  2:41:01 PM 2 B 11/XX/2018 MD Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257808           Compliance Compliance State Compliance (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) Maryland Higher-Priced Mortgage Loan:  Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. Missing from file.   Buyer Comment (2019-03-01): waive
     11/XX/2018  2:41:14 PM 2 B 11/XX/2018 MD Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257808           Compliance Compliance State Compliance Maryland HPML Threshold Test Non-Compliant Maryland 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]% + 1.5%, or [Redacted]%.  Non-Compliant Higher Priced Loan.     Buyer Comment (2019-03-01): waive
     11/XX/2018  2:41:27 PM 2 B 11/XX/2018 MD Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257808           Compliance Compliance State Compliance Maryland Mortgage Lending Regulations (Tangible Net Benefit Worksheet Not Signed) Maryland Mortgage Lending Regulations:  Net Tangible Benefit Worksheet not signed by borrower. MD - Net Tangible Benefit Worksheet not signed by borrower.   Buyer Comment (2019-03-01): waive
     11/XX/2018  2:41:33 PM 2 B 11/XX/2018 MD Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257808           Compliance Compliance State Compliance Maryland Ability to Repay Not Verified Maryland SB270:  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, if applicable. 1008 shows qualifying rate as Note Rate, not fully indexed rate.   Buyer Comment (2019-03-01): waive
     11/XX/2018  2:41:47 PM 2 B 11/XX/2018 MD Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257808           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Final/[Redacted]) [Redacted]monthly should be [Redacted]annually but prepaid HOI on final CD shows [Redacted]   Buyer Comment (2019-03-01): waive
     11/XX/2018  2:41:58 PM 2 B 11/XX/2018 MD Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257808           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Not provided, field blank.  No cure provided for overages.   Buyer Comment (2019-03-01): waive
     11/XX/2018  2:40:01 PM 2 B 11/XX/2018 MD Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257808           Compliance Compliance Federal Compliance 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 10% or $xxx.xx.  Insufficient or no cure was provided to the borrower. (0) No cure provided for overages, ten percent fees increased without cure.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD
   12/XX/2018  9:16:53 PM   2 B 11/XX/2018 MD 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 B C B A A Non QM Non QM Yes
206257810           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.45190% or Final Disclosure APR of 7.48100% is in excess of allowable threshold of APOR 4.98% + 2.5%, or 7.48000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  12:30:22 PM 1 A 11/XX/2018 OR Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257810           Compliance Compliance Federal Compliance 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 1026.43(c)(5).     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  4:05:58 PM 2 B 11/XX/2018 OR Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257810           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Property Value TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed an Appraised Property Value that did not match the actual Property Value for the loan. (Final/[Redacted]) Final CD reflects Appraised Property Value of [Redacted], however the original appraisal dated [Redacted] reflects a value of [Redacted]. Lender used to lower of the two values to qualify.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  4:05:46 PM 2 B 11/XX/2018 OR Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257810           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Cure for (Second Appraisal Fee) of ([Redacted]) was not provided.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  4:05:39 PM 2 B 11/XX/2018 OR Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257810           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Fee was not disclosed on Initial Loan Estimate.   Reviewer Comment (2019-03-01): COC showing fee added along with LOX.


Buyer Comment (2019-03-01): xnd appraisal not required for loan program / loan amount < $x.x million.  Uploaded COC showing fee added along with LOX.
 11/XX/2018  9:19:05 AM     1 A 11/XX/2018 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
206257810           Compliance Compliance Federal Compliance ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. Missing evidence of the borrower's receipt of the ARM Disclosure.   Reviewer Comment (2019-03-01): ARM Disclosure provided.
 11/XX/2018  9:13:21 AM     1 A 11/XX/2018 OR Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206257810           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. Missing evidence of the borrower's receipt of the Consumer Handbook on Adjustable Rate Mortgages.   Reviewer Comment (2019-03-01): CHARM Booklet Disclosure provided
 11/XX/2018  9:13:21 AM     1 A 11/XX/2018 OR Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206257810           Credit Credit Credit Documentation Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Please provide a Verification of Mortgage supporting maximum [Redacted]. Credit report only reflecting a [Redacted] month mortgage history and no additional documentation in file to complete [Redacted] month history. Subject to re-qualification.   Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): Credit report reflects xx months reporting through xx/xxxx, payoff statement in file reflects interest through xx/xx/xx and next payment due for xx/xx/xxxx which completes the xx+ months required.  Please clear.
 11/XX/2018  9:09:50 AM     1 A 11/XX/2018 OR Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257812           Credit Assets Asset Calculation / Analysis Available for Closing is insufficient to cover Cash From Borrower.   CPA letter did not address affect of withdrawal of funds on business account nor is there evidence the Lender conducted a cash flow analysis as required per guidelines therefore excluded from available funds for closing.  The final [Redacted] disclosed a [Redacted] for which statements were not provided.   Reviewer Comment (2019-03-01): Updated bank statements provided.


Reviewer Comment (2019-03-01): Still need CPA letter addressing affect of withdrawal of funds from business account.


Buyer Comment (2019-03-01): Please see (REDACTED) (REDACTED) xxxx, (REDACTED) AUG xxxx and xxxxx - AUG xx, xxxxx (REDACTED) -xx
 12/XX/2018  9:35:45 AM     1 A 11/XX/2018 CA Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
206257812           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower. Missing evidence Anti Steering Disclosure was provided to the borrower.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     11/XX/2018  4:03:54 PM 2 B 11/XX/2018 CA Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
206257812           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.81720% or Final Disclosure APR of 7.84400% is in excess of allowable threshold of APOR 4.89% + 2.5%, or 7.39000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  4:19:21 PM 1 A 11/XX/2018 CA Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
206257812           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 7.81720% or Final Disclosure APR of 7.84400% is in excess of allowable threshold of APOR 4.89% + 2.5%, or 7.39000%.  Compliant Higher Priced Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  4:25:44 PM 1 A 11/XX/2018 CA Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
206257812           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) The final CD disclosed a closing date of [Redacted]; documents were signed on [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     12/XX/2018  10:23:09 AM 2 B 11/XX/2018 CA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257812           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the increase to the Loan Discount Points.   Reviewer Comment (2019-03-01): Received attestation advising the Closing Date on the xx/xx/xxxx CD should have been xx/xx/xxxx and Not xx/xx/xxxx


Buyer Comment (2019-03-01): Please see ATTESTATION x reflecting the closing date on the xx/xx CD should have reflected xx/xx


Reviewer Comment (2019-03-01): (Redacted) received the Change of Circumstance dated xx/xx/xxxx.  The CD dated xx/xx/xxxx has a Closing Date of xx/xx/xxxx (thus closing already occurred). If the date was assumed to be xx/x/xxxx at the time the CD was issued then the fee can not be re-baselined.  If the closing date was assumed to be a different date, an attestation on the correct date will allow us to re-baseline.


Buyer Comment (2019-03-01): Please see COC CD
 12/XX/2018  11:03:13 AM     1 A 11/XX/2018 CA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257812           Compliance Compliance Federal Compliance 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 CD issued on [Redacted] increased the Loan Discount Points without a valid change of circumstance.   Reviewer Comment (2019-03-01): Received attestation advising the Closing Date on the xx/xx/xxxx CD should have been xx/xx/xxxx and Not xx/xx/xxxx


Buyer Comment (2019-03-01): Please see ATTESTATION x reflecting the xx/xx CD should have reflected the closing date as xx/xx


Reviewer Comment (2019-03-01): (Redacted) received the Change of Circumstance dated xx/xx/xxxx.  The CD dated xx/xx/xxxx has a Closing Date of xx/xx/xxxx (thus closing already occurred). If the date was assumed to be xx/x/xxxx at the time the CD was issued then the fee can not be re-baselined.  If the closing date was assumed to be a different date, an attestation on the correct date will allow us to re-baseline.


Buyer Comment (2019-03-01): Please see COC CD reflecting increase in loan amount/settlement charges
 12/XX/2018  11:03:13 AM     1 A 11/XX/2018 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
206257812           Compliance Compliance Federal Compliance TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [Redacted, prior to three (3) business days from transaction date of [Redacted. Final CD reflected a disbursement date of [Redacted], however, date of consummation is [Redacted] which would then require a disbursement date of [Redacted].   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery and corrected RTC provided for cure.


Buyer Comment (2019-03-01): Please see LOX, LABEL, NORTC - reopening rescission to cure
   12/XX/2018  12:21:57 PM   2 B 11/XX/2018 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 C B A A Non QM Non QM Yes
206257812           Credit Credit Miscellaneous Credit Exception:   Still need CPA letter addressing affect of withdrawal of funds from business account.   Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): Please see (REDACTED) FARGO xxxx reflects as a personal account; Please see EXECUTED CD reflecting $xxx.xx was paid by borrower at closing - over $xx,xxx was available in borrower's personal account and business funds were not used for closing therefore CPA letter is not required for withdrawal of funds
 12/XX/2018  3:05:01 PM     1 A 11/XX/2018 CA Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
206257814           Credit Credit Credit Documentation Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Missing evidence of timely rental payments within the most recent [Redacted] months for the borrower's current address:  [Redacted] XXX, CT only x months verified. Perfect credit history with never a late payment going back to earliest inception date of 2/1982.

19.481% LTV < 60.519% guideline max of 80%.

760  representative FICO score >720 guideline minimum - 40 points above guideline minimum.

123 months reserves vs. 110% + 6 months (106 months).		 Reviewer Comment (2019-03-01): Allow x months of verified rental payments history vs program requirement of xx months rental history.


Buyer Comment (2019-03-01): Exception Approval


Reviewer Comment (2019-03-01): Per addendum, borrower has rented since xx/xx/xxxx. Payment schedule provided shows a total of x payments made with the xx/xx/xxxx payment accounting for x of those payments for Nov, Dec and Jan. Need evidence of payments for Aug, Sep and Oct of xxxx. No VOR has been provided, just lease agreement. Exception remains.


Buyer Comment (2019-03-01): VOR and Lease


Buyer Comment (2019-03-01): Please see Addendum as upfront rent was provided


Reviewer Comment (2019-03-01): Per final xxxx, borrower has lived at the residence for x year and x months. There should be at minimum x more months that can be confirmed by some payment method available.


Buyer Comment (2019-03-01): Short Term lease


Reviewer Comment (2019-03-01): Wire transfer log only reflects x months of payments, need xx month history of payments.


Buyer Comment (2019-03-01): Letter of explanations See attached


Reviewer Comment (2019-03-01): Received update rental information. The lease start date was xx/xx/xxxx through current closing date. Pay history provided reflects payments from xx/xx/xxxx through xx/xx/xxxx. Will need the complete rental history for the full term.


Buyer Comment (2019-03-01): VOR
     1/XX/2019  2:39:47 PM 2 B 11/XX/2018 CT Primary Refinance - Cash-out - Home Improvement   C B C B C B A A Non QM Non QM No
206257814           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. DTI of [Redacted] exceed guideline max of [Redacted].  Approved Lender Exception in file. Perfect credit history with never a late payment going back to earliest inception date of 2/1982.

19.481% LTV < 60.519% guideline max of 80%.

760  representative FICO score >720 guideline minimum - 40 points above guideline minimum.

123 months reserves vs. 110% + 6 months (106 months).		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     11/XX/2018  10:47:19 AM 2 B 11/XX/2018 CT Primary Refinance - Cash-out - Home Improvement   C B C B C B A A Non QM Non QM No
206257814           Compliance Compliance Federal Compliance TRID Closing Disclosure Total Closing Costs Exceeds Limits Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Closing Disclosure provided on [Redacted] disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. (Interim/[Redacted]) 11/XX/18 CD reflects an amount exceeding the legal limit of  $0 in section J on page 2 yet page 3 shows $[Redacted].   Reviewer Comment (2019-03-01): Buyer elected to waive the exception.


Buyer Comment (2019-03-01): Please waive
     12/XX/2018  7:48:41 AM 2 B 11/XX/2018 CT Primary Refinance - Cash-out - Home Improvement 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
206257814           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Closing Costs Exceeds Limits Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. (Final/[Redacted]) Final CD on [Redacted] reflects an amount exceeding the legal limit of  $[Redacted] in section J on page x yet page x shows $[Redacted].   Reviewer Comment (2019-03-01): Buyer elected to waive the exception.


Buyer Comment (2019-03-01): Please waive
     12/XX/2018  7:48:51 AM 2 B 11/XX/2018 CT Primary Refinance - Cash-out - Home Improvement Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257814           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) [Redacted] CD reflects an amount exceeding the legal limit of  $[Redacted]  in section J on page 2,  page 3 shows $[Redacted] yet amount exceeding the legal limit is $[Redacted].   Reviewer Comment (2019-03-01): Buyer elected to waive the exception.


Buyer Comment (2019-03-01): Please waive
     12/XX/2018  7:48:59 AM 2 B 11/XX/2018 CT Primary Refinance - Cash-out - Home Improvement Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257814           Compliance Compliance Federal Compliance 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. Initial LE reflected an appraisal fee of $[Redacted] yet final CD shows $[Redacted].  Lender credit of $[Redacted] listed on Final CD.   Reviewer Comment (2019-03-01): (Redacted) received Closing statement indicating cure of $xxx. Exception Cleared.


Buyer Comment (2019-03-01): HUD x


Reviewer Comment (2019-03-01): (Redacted) reviewed Final CD page x Section J indicates $xxx credit for increase in the closing cost.  Page x in the Calculating Cash to Close Section it states $xxx credit for increase in closing costs.  Unable to determine what the borrower was credited due to different amounts.  Please provide Final Alta Settlement Statement to confirm.  In addition the total fee violations are $xxx.  $xxx for the increase in the appraisal fee a and $xxx for the Re-Inspection Fees as change of circumstances were not provided.


Buyer Comment (2019-03-01): Lender Credit is $xxx on Final CD
 12/XX/2018  12:52:55 PM     1 A 11/XX/2018 CT Primary Refinance - Cash-out - Home Improvement 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
206257814           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Reinspection Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Initial LE did not reflect a reinspection fee yet final CD reflects $[Redacted].  Lender credit on the Final CD only shows $[Redacted] which does not cover the amount exceeding the legal limit.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-03-01): This has been available. Please cure


Reviewer Comment (2019-03-01): (Redacted) received PCCD indicating an additional $xxx cure, Refund Check, LOE, and Shipping Label. The tracking number indicates package estimated delivery is xx/xx/xxxx. Please indicate when Proof of Delivery is available per tracking to cure.


Buyer Comment (2019-03-01): PCCD,LOX,Refund and label


Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD required to cure.  (Redacted) reviewed Final CD and Alta Settlement Statement that confirms the borrower paid $xxx before closing for the re-inspection fee. Although the fee was paid outside of closing the amount is still included in the overall amount the borrower paid for the re-inspection and subject to x% tolerance or a valid change of circumstance.


Buyer Comment (2019-03-01): Please see Final CD Section B with borrower paid before closing Re inspection Fee of $xxx


Reviewer Comment (2019-03-01): Appraisal fee increased by $xxx and Reinspection Fee increased by $xxx for a total of $xxx less $xxx cure at closing.  Need $xxx additional cure amount to cover both the zero tolerance violations.  A corrected CD, copy of refund check, letter of explanation and proof of delivery is required to cure.


Buyer Comment (2019-03-01): Lender credit is $xxx


Buyer Comment (2019-03-01): Fee Tolerance,Exe CD


Buyer Comment (2019-03-01): Fee Tolerance
   1/XX/2019  3:14:03 PM   2 B 11/XX/2018 CT Primary Refinance - Cash-out - Home Improvement 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
206257814           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing signed [Redacted] as required per Lender approval.   Reviewer Comment (2019-03-01): Agree with lender, xxxxt not required.


Buyer Comment (2019-03-01): xxxx-T not required per guides. Page xxx xx.x For loan programs Jx - Jumbo Prime, Ax - Residual Income and Mx - Moderate Credit Full Doc, (Redacted) requires that Lenders include an IRS form xxxx-T which must be executed by the borrower. Lenders should not obtain a xxxx-T for loan
program where income is not documented by tax filings.
 1/XX/2019  2:15:02 PM     1 A 11/XX/2018 CT Primary Refinance - Cash-out - Home Improvement   C B C B C B A A Non QM Non QM No
206257814           Compliance Compliance Federal Compliance 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. DTI of [Redacted] exceeds Non QM ATR max of [Redacted].   Reviewer Comment (2019-03-01): Loan is Non-QM loan based on DTI exception having compensating factors.
 11/XX/2018  12:11:47 PM     1 A 11/XX/2018 CT Primary Refinance - Cash-out - Home Improvement Lender to provide updated ATR/QM Loan Designation C B C B C B A A Non QM Non QM Yes
206257814           Compliance Compliance Federal Compliance 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 54.67698% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) DTI of [Redacted] exceeds Non QM ATR max of [Redacted]. Perfect credit history with never a late payment going back to earliest inception date of 2/1982.

19.481% LTV < 60.519% guideline max of 80%.

760  representative FICO score >720 guideline minimum - 40 points above guideline minimum.

123 months reserves vs. 110% + 6 months (106 months).		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     11/XX/2018  10:49:08 AM 2 B 11/XX/2018 CT Primary Refinance - Cash-out - Home Improvement   C B C B C B A A Non QM Non QM No
206257814           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure xx/x/xxxx 12:00:00 AM was received. (Interim/[Redacted]) LE issued on [Redacted] was not acknowledged as being received by the borrower prior to CD issued and received by the borrower on [Redacted].   Reviewer Comment (2019-03-01): Buyer elected to waive the exception.


Buyer Comment (2019-03-01): Please waive
     12/XX/2018  7:49:10 AM 2 B 11/XX/2018 CT Primary Refinance - Cash-out - Home Improvement No Defined Cure C B C B C B A A Non QM Non QM No
206257814           Credit Credit Miscellaneous Miscellaneous Credit (Non-Material):   $[Redacted] escrow holdback present which is not allowed per guidelines.  Approved Lender Exception in file. Perfect credit history with never a late payment going back to earliest inception date of 2/1982.

19.481% LTV < 60.519% guideline max of 80%.

760  representative FICO score >720 guideline minimum - 40 points above guideline minimum.

123 months reserves vs. 110% + 6 months (106 months).		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     11/XX/2018  10:53:37 AM 2 B 11/XX/2018 CT Primary Refinance - Cash-out - Home Improvement   C B C B C B A A Non QM Non QM No
206257816           Compliance Compliance Federal Compliance 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.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  1:06:14 PM 2 B 11/XX/2018 FL Investment Purchase   C B C A B B A A N/A N/A No
206257816           Compliance Compliance Federal Compliance FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (2018). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $1000.00 (2018) (an overage of $[Redacted] or .[Redacted]%).     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  1:06:25 PM 2 B 11/XX/2018 FL Investment Purchase   C B C A B B A A N/A N/A Yes
206257816           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  1:06:34 PM 2 B 11/XX/2018 FL Investment Purchase   C B C A B B A A N/A N/A No
206257816           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Supporting documentation not provided for VA benefit income disclosed on [Redacted].   Reviewer Comment (2019-03-01): Removed VA Benefits from income calculations.


Buyer Comment (2019-03-01): Borrowers qualify without the income from the VA.  DTI without the VA income is xx.xx % Max DTI for the program is xx% at this LTV and Credit Score.  Please remove exception.
 11/XX/2018  9:03:23 AM     1 A 11/XX/2018 FL Investment Purchase   C B C A B B A A N/A N/A No
206257818           Compliance Compliance Federal Compliance 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. (Type:Primary/[Redacted])     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  4:25:52 PM 2 B 11/XX/2018 NH Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206257818           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.85310% or Final Disclosure APR of 7.95500% is in excess of allowable threshold of APOR 4.74% + 1.5%, or 6.24000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  11:56:40 AM 1 A 11/XX/2018 NH Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206257818           Compliance Compliance Federal Compliance 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.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  4:26:01 PM 2 B 11/XX/2018 NH Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206257818           Credit Guideline Guideline Issue Ineligible property type.   Subject has [Redacted] acres vs program maximum of [Redacted] acres.  Lender approved exception. Subject land is residential and vacant.  Subject has two porches and a barn.

Guideline variance approved by lender at time of origination.  Credit score is 682, 62 points > program requirement of 620.  No public records and low balance to limit ratios on all revolving accounts.

Guideline variance approved by lender at time of origination.  Reserves are 78 months, 75 months > program requirement of 3 months

Guideline variance approved by lender at time of origination.  LTV is 50%, 35% < maximum program of 85%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     11/XX/2018  12:04:06 PM 2 B 11/XX/2018 NH Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206257818           Credit Guideline Guideline Issue The borrower is self-employed.  Guidelines require verification of the borrower's business within 30 days of the note date.   [Redacted] Subject land is residential and vacant.  Subject has two porches and a barn.

Guideline variance approved by lender at time of origination.  Credit score is 682, 62 points > program requirement of 620.  No public records and low balance to limit ratios on all revolving accounts.

Guideline variance approved by lender at time of origination.  Reserves are 78 months, 75 months > program requirement of 3 months

Guideline variance approved by lender at time of origination.  LTV is 50%, 35% < maximum program of 85%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     11/XX/2018  12:04:35 PM 2 B 11/XX/2018 NH Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206257820           Compliance Compliance Federal Compliance 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 three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:Primary/[Redacted])     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  3:53:22 PM 2 B 11/XX/2018 GA Primary Purchase   C B C B C B A A Non QM Non QM No
206257820           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.97280% or Final Disclosure APR of 7.00200% is in excess of allowable threshold of APOR 4.87% + 1.5%, or 6.37000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  12:14:01 PM 1 A 11/XX/2018 GA Primary Purchase   C B C B C B A A Non QM Non QM No
206257820           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. E sign consent form not found   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated xx/xx/xxxx. Exception Cleared.
 11/XX/2018  4:45:54 PM     1 A 11/XX/2018 GA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257820           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Minimum Loan Amount discrepancy. Note loan amount of ___ is less than Guideline minimum loan amount of ___.   DTI of 23.45357% is26.54643% below the program maximum of 50%.

Reserves are 110% of loan amount plus 175 months, 172 months greater than the program requirement of loan amount plus 3 months.

Credit score of 736 is 36 points above the program requirement of 700.		 Reviewer Comment (2019-03-01): Loan amount is $xxx,xxx.xx vs program minimum of $xxx,xxx.xx


Reviewer Comment (2019-03-01): No new information provided.
     11/XX/2018  1:48:59 PM 2 B 11/XX/2018 GA Primary Purchase   C B C B C B A A Non QM Non QM No
206257820           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the increase to the Loan Discount Points.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  3:53:31 PM 2 B 11/XX/2018 GA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257820           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) The initial CD was provided on the same day as closing.   Reviewer Comment (2019-03-01): (Redacted) received the xx/xx/xxxx CD. Exception Cleared.
 11/XX/2018  4:43:16 PM     1 A 11/XX/2018 GA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257820           Compliance Compliance Federal Compliance 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 added to the CD issued on [Redacted] without a valid change of circumstance.   Reviewer Comment (2019-03-01): (Redacted) received the xx/xx/xxxx COC indicating a borrower requested change. Exception Cleared.
 11/XX/2018  4:43:16 PM     1 A 11/XX/2018 GA 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
206257820           Credit Credit Credit Calculation / Analysis Guideline Issue:  Insufficient tradelines per credit guidelines   Borrower has 1 open trade line (opened [Redacted]) vs program requirement of at least two trade lines that have been active within the past twelve months.  Lender approved exception. DTI of 23.45357% is26.54643% below the program maximum of 50%.

Reserves are 110% of loan amount plus 175 months, 172 months greater than the program requirement of loan amount plus 3 months.

Credit score of 736 is 36 points above the program requirement of 700.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     11/XX/2018  12:21:28 PM 2 B 11/XX/2018 GA Primary Purchase   C B C B C B A A Non QM Non QM No
206257822           Credit Missing Document General Missing Document: Borrower Ability to Repay Attestation not provided   Borrower Ability to Repay Attestation not provided   Reviewer Comment (2019-03-01): Received. Cleared.
 11/XX/2018  12:03:56 PM     1 A 11/XX/2018 MD Primary Purchase   C B C A C B A A Non QM Non QM No
206257822           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Right to receive a copy of the Appraisal disclosure not in file   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  4:37:36 PM 2 B 11/XX/2018 MD Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM Yes
206257822           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.16080% or Final Disclosure APR of 7.20500% is in excess of allowable threshold of APOR 4.94% + 1.5%, or 6.44000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): Received required documentation. Cleared
 11/XX/2018  11:59:15 AM     1 A 11/XX/2018 MD Primary Purchase   C B C A C B A A Non QM Non QM No
206257822           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - HPML Status HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Borrower was not provided with the right to receive a copy of the Appraisal disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  4:38:06 PM 2 B 11/XX/2018 MD Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM No
206257822           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. The Servicing Disclosure was not provided   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  4:38:20 PM 2 B 11/XX/2018 MD Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM Yes
206257822           Compliance Compliance Federal Compliance 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. Borrower did not receive a List of Homeownership Counseling Organizations   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  4:38:30 PM 2 B 11/XX/2018 MD Primary Purchase   C B C A C B A A Non QM Non QM No
206257822           Compliance Compliance State Compliance Maryland Counseling Agencies Disclosure Not in File Maryland HB1399 - No evidence of counseling agencies list per Maryland HB 1399. No evidence of counseling agencies list   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  4:38:39 PM 2 B 11/XX/2018 MD Primary Purchase   C B C A C B A A Non QM Non QM No
206257822           Compliance Compliance State Compliance (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) Maryland Higher-Priced Mortgage Loan:  Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. Borrower not provided with Maryland HPML disclosure of non- higher priced loans otherwise qualified for   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  4:38:52 PM 2 B 11/XX/2018 MD Primary Purchase   C B C A C B A A Non QM Non QM No
206257822           Compliance Compliance State Compliance Maryland HPML Threshold Test Non-Compliant Maryland 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]% + 1.5%, or [Redacted]%.  Non-Compliant Higher Priced Loan. Final Disclosure APR of [Redacted] exceeds the APOR allowable threshold of [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  4:39:11 PM 2 B 11/XX/2018 MD Primary Purchase   C B C A C B A A Non QM Non QM No
206257822           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. Missing initial Loan Estimate.   Reviewer Comment (2019-03-01): Received required documentation. Cleared
 11/XX/2018  11:59:15 AM     1 A 11/XX/2018 MD Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257822           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Received LE's. Missing SSPL list.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  12:08:23 PM 2 B 11/XX/2018 MD Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257824           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided   Missing Lender Approval.   Reviewer Comment (2019-03-01): Approval provided.
 12/XX/2018  1:51:00 PM     1 A 11/XX/2018 NJ Second Home Purchase   C B C B C B A A Non QM Non QM No
206257824           Credit Loan Package Documentation Application / Processing Missing Document: Missing Final 1003   Missing signed Final [Redacted].   Reviewer Comment (2019-03-01): Final xxxx provided.
 12/XX/2018  1:51:20 PM     1 A 11/XX/2018 NJ Second Home Purchase   C B C B C B A A Non QM Non QM No
206257824           Compliance Compliance Federal Compliance 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. Missing evidence List of Homeownership Counseling Organizations was provided to the borrower within x days of the initial application.   Reviewer Comment (2019-03-01): List of Homeownership Counseling Organizations was provided.
 12/XX/2018  1:40:34 PM     1 A 11/XX/2018 NJ Second Home Purchase   C B C B C B A A Non QM Non QM No
206257824           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Missing evidence borrower was provide the Right To Receive a Copy of the Appraisal Disclosure within x days of initial application.   Buyer Comment (2019-03-01): (Redacted) has Elected to waive


Reviewer Comment (2019-03-01): (Redacted) received evidence of Appraisal Disclosure


Reviewer Comment (2019-03-01): (Redacted) received LE dated xx/x and Revised LE dated xx/xx, along with VCC.
     12/04/2018 2 B 11/XX/2018 NJ Second Home Purchase Good faith redisclosure C B C B C B A A Non QM Non QM Yes
206257824           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Evidence consumer received servicing disclosure not documented.   Reviewer Comment (2019-03-01): (Redacted) received Respa Servicing Disclosure, Home Loan Tool Kit and SSPL Disclosure
 12/XX/2018  7:26:54 PM     1 A 11/XX/2018 NJ Second Home Purchase Good faith redisclosure C B C B C B A A Non QM Non QM Yes
206257824           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) A dollar amount by which fees exceeded legal limits was blank on the final CD yet fees exceeded max by [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/XX/2018  12:23:18 PM 2 B 11/XX/2018 NJ Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257824           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Home Loan Toolkit Disclosure was not provided.   Reviewer Comment (2019-03-01): (Redacted) received Respa Servicing Disclosure, Home Loan Tool Kit and SSPL Disclosure
 12/XX/2018  7:26:12 PM     1 A 11/XX/2018 NJ Second Home Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257824           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. Loan Estimate was missing from the loan documents.   Reviewer Comment (2019-03-01): (Redacted) received LE dated xx/x and Revised LE dated xx/xx, along with VCC.
 12/XX/2018  7:21:49 PM     1 A 11/XX/2018 NJ Second Home Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257824           Compliance Compliance Federal Compliance 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. Evidence of sufficient cure for $[Redacted] survey fee added to final CD is not provided.   Reviewer Comment (2019-03-01): (Redacted) received LE dated xx/x and Revised LE dated xx/xx, along with VCC.
 12/XX/2018  7:21:49 PM     1 A 11/XX/2018 NJ 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 B C B A A Non QM Non QM Yes
206257824           Credit Credit Credit Eligibility Guideline Issue: Derogatory mortgage payments outside of credit guidelines   Credit report indicates mortgage payment history that includes [Redacted] and [Redacted] reporting in the prior [Redacted] months.  Approved Lender Exception in file. No public records.

Borrower has job stability for 10 years as a XXX.

19.88% DTI, 30.12% < program max of 50%.

158 months reserves > 153 months guideline minimum of 3 months.

Guideline variance approved by lender at time of origination.  Credit score is 689, 9 points > program requirement of 680.  Payment history on mortgage that was transferred was 0x30 since inception.  No public records.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     11/XX/2018  10:19:07 AM 2 B 11/XX/2018 NJ Second Home Purchase   C B C B C B A A Non QM Non QM No
206257826           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  6:32:17 PM 2 B 11/XX/2018 CA Second Home Purchase   C B C B B B A A Non QM Non QM No
206257826           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   CDAIR dated 11/XX/2018 with no damage provided after the declared disaster on 11/XX/2018 Reviewer Comment (2019-03-01): (Redacted) has elected to waive with compensating factor.


Reviewer Comment (2019-03-01): Need inspection report showing no damage since wildfires started. Exception remains.
     11/XX/2018  10:46:03 AM 2 B 11/XX/2018 CA Second Home Purchase   C B C B B B A A Non QM Non QM No
206257826           Compliance Compliance Federal Compliance TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on [Redacted] reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (Final/[Redacted]) Section B of final CD has fees paid to the Broker for Processing and Credit Report   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  6:32:25 PM 2 B 11/XX/2018 CA Second Home Purchase Good Faith Redisclosure C B C B B B A A Non QM Non QM Yes
206257826           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (Final/[Redacted]) Final disclosure reflects a Total interest percentage of [Redacted], calculated TIP is [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  6:32:35 PM 2 B 11/XX/2018 CA Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
206257828           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.73660% or Final Disclosure APR of 6.77200% is in excess of allowable threshold of APOR 4.74% + 1.5%, or 6.24000%.  Compliant Higher Priced Mortgage Loan. Compliant Higher Priced Mortgage Loan.   Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  9:20:59 AM 1 A 11/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257828           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) New York Subprime Loan: Counseling Disclosure not provided to borrower.     Reviewer Comment (2019-03-01): Received disclosure. Cleared.
 11/XX/2018  11:39:17 AM     1 A 11/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257828           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): Cleared.
 11/XX/2018  11:39:17 AM     1 A 11/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257828           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] did not disclose the Total Interest Percentage. (Final/[Redacted]) Documentation information blurred on the Final CD for this section.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  10:14:17 AM 2 B 11/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257828           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Disclosure signed by borrower one day after application date.   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): Updated document does not reflect a provided date, only signature date.Need confirmation of when document was provided.
     11/XX/2018  11:57:58 AM 2 B 11/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257828           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): Updated document does not reflect a provided date, only signature date.Need confirmation of when document was provided.
     11/XX/2018  11:58:09 AM 2 B 11/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206257830           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.   Both interior appraisal inspections were completed on[Redacted] prior to FEMA disaster declaration date of[Redacted] Property inspected post disaster but pre-FEMA declaration of disaster end date. Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Reviewer Comment (2019-03-01): Need inspection report showing no damage since wildfires started. Appraisal dated xx/xx/xxxx prior to the declared disaster on xx/xx/xxxx.Exception remains.
     12/XX/2018  10:13:31 AM 2 B 11/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206257830           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   Missing Lender's initial [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  6:35:05 PM 2 B 11/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206257830           Compliance Compliance Federal Compliance 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 1026.43(c)(5). Investor qualification rate of x.x with payment of [Redacted] varies from ATR method.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  6:35:15 PM 2 B 11/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206257832           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.22450% or Final Disclosure APR of 7.24900% is in excess of allowable threshold of APOR 4.96% + 1.5%, or 6.46000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  11:21:21 AM 1 A 11/XX/2018 NJ Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
206257834           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.98690% or Final Disclosure APR of 8.01500% is in excess of allowable threshold of APOR 4.94% + 1.5%, or 6.44000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  1:06:04 PM 1 A 11/XX/2018 NH Primary Purchase   C A C A C A A A Non QM Non QM No
206257834           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing evidence of when Home Loan Toolkit was provided to the borrower.  Doc in file is not dated nor is it signed by the borrower.   Reviewer Comment (2019-03-01): ARM, CHARM, IEAD and Home Loan Toolkit Disclosures provided.
 11/XX/2018  7:38:33 PM     1 A 11/XX/2018 NH Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
206257834           Compliance Compliance Federal Compliance ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. Missing evidence of when ARM disclosure was provided to the borrower.  Doc in file is not dated nor is it signed by the borrower.   Reviewer Comment (2019-03-01): ARM, CHARM, IEAD and Home Loan Toolkit Disclosures provided.
 11/XX/2018  7:38:33 PM     1 A 11/XX/2018 NH Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
206257834           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. Missing evidence of when CHARM Booklet was provided to the borrower.  Doc in file is not dated nor is it signed by the borrower.   Reviewer Comment (2019-03-01): ARM, CHARM, IEAD and Home Loan Toolkit Disclosures provided.
 11/XX/2018  7:38:33 PM     1 A 11/XX/2018 NH Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
206257834           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ Missing proof of percentage of ownership of company   Reviewer Comment (2019-03-01): CPA letter states Sole Proprietor.
 11/XX/2018  9:49:16 AM     1 A 11/XX/2018 NH Primary Purchase   C A C A C A A A Non QM Non QM No
206257837           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  5:53:35 PM 2 B 11/XX/2018 TX Primary Refinance - Cash-out - Home Improvement   C B C A C B A A Non QM Non QM No
206257837           Credit Missing Document General Missing Document: Borrower Ability to Repay Attestation not provided       Reviewer Comment (2019-03-01): Borrower Ability to Repay Attestation provided.
 12/XX/2018  8:05:25 AM     1 A 11/XX/2018 TX Primary Refinance - Cash-out - Home Improvement   C B C A C B A A Non QM Non QM No
206257837           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.30510% or Final Disclosure APR of 7.34400% is in excess of allowable threshold of APOR 4.89% + 1.5%, or 6.39000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  1:46:16 PM 1 A 11/XX/2018 TX Primary Refinance - Cash-out - Home Improvement   C B C A C B A A Non QM Non QM No
206257837           Compliance Compliance Federal Compliance 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. Missing from file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  5:53:24 PM 2 B 11/XX/2018 TX Primary Refinance - Cash-out - Home Improvement   C B C A C B A A Non QM Non QM No
206257837           Compliance Compliance State Compliance (TX50(a)(6)) Texas Cash-out Loan  (TX Home Equity Disclosure/Notice Concerning Extensions of Credit Not Provided) Texas Constitution Section 50(a)(6): Revised Notice Concerning Extensions of Credit not provided on TX Home Equity Loan made on or after 1/XX/18.     Reviewer Comment (2019-03-01): Texas Cash-out Extension of Credit Disclosure provided.
 12/XX/2018  8:54:55 AM     1 A 11/XX/2018 TX Primary Refinance - Cash-out - Home Improvement 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
206257837           Compliance Compliance State Compliance (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) Texas Constitution Section 50(a)(6): Acknowledgment of the Fair Market Value not properly executed by the Lender.     Reviewer Comment (2019-03-01): Texas Cash-out Fair Market Acknowledgment Signed By Lender provided.
 12/XX/2018  8:54:55 AM     1 A 11/XX/2018 TX Primary Refinance - Cash-out - Home Improvement To Remediate: Lender must either sign the AFMV.  Best practices would be to deliver to the borrower the required disclosure signed by the lender 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
206257837           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Missing from file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  5:53:17 PM 2 B 11/XX/2018 TX Primary Refinance - Cash-out - Home Improvement No Defined Cure C B C A C B A A Non QM Non QM No
206257838           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Primary/[Redacted])     Reviewer Comment (2019-03-01): Lender provided Borrower receipt of the primary appraisal on xx/xx/xxxx.


Reviewer Comment (2019-03-01): Lender provided receipt of the CDA receipt dated xx/xx/xxxx however we are missing borrower receipt of the Primary Full appraisal dated xx/xx/xxxx. Exception remains.
 11/XX/2018  3:28:08 PM     1 A 11/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257838           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.49780% or Final Disclosure APR of 7.54200% is in excess of allowable threshold of APOR 4.94% + 2.5%, or 7.44000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): Lender provided Borrower receipt of the primary appraisal on xx/xx/xxxx.
 11/XX/2018  3:28:08 PM     1 A 11/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257838           Compliance Compliance Federal Compliance (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 three (3) business days prior to consummation. (Type:Additional[Redacted])     Reviewer Comment (2019-03-01): Lender provided Borrower receipt of the primary appraisal on xx/xx/xxxx.
 11/XX/2018  3:29:13 PM     1 A 11/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257838           Compliance Compliance Federal Compliance Flood Insurance Escrow - Flood not Escrowed for Property in Flood Zone Loan originated post December 2015, the subject property is in a flood zone, flood insurance is not escrowed. Subject is a condo, flood insurance included in HOA.Condo fee   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  5:06:46 PM 2 B 11/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257838           Compliance Compliance Federal Compliance 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.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  5:06:34 PM 2 B 11/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257838           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Final disclosure reflects total non-escrow property costs over year x of [Redacted], accurate figure is [Redacted]   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure provided.
   11/XX/2018  2:51:14 PM   2 B 11/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257838           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. File does not contain borrower's consent for electronic signature   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  5:06:23 PM 2 B 11/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257838           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Final CD does not contain an amount in the total closing costs exceeds legal limit section.  Limit exceeded - cure of $[Redacted] not provided.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  5:06:11 PM 2 B 11/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257838           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. File does not contain a copy or receipt of the Home Loan Toolkit   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  5:06:02 PM 2 B 11/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257838           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. The Settlement Service Providers List is not contained within the file. Unable to determine if Borrower used Lender's recommended providers.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  5:05:52 PM 2 B 11/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257838           Compliance Compliance Federal Compliance 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 HOA/Condo Questionnaire Fee of [Redacted] was added without a valid change of circumstance.  Tolerance was exceeded without cure.   Reviewer Comment (2019-03-01): (Redacted) received the PCCD, refund xx.xx, LOX and proof of delivery received xx/xx/xxxx.


Reviewer Comment (2019-03-01): (Redacted) received PCCD indicating a cure of $xx, Refund Check, and Shipping Label. The Shipping Label indicates package has yet to be mailed. Please indicate Proof of Delivery to cure.


Buyer Comment (2019-03-01): PCCD, LOX, Refund Chk and tracking info provided


Reviewer Comment (2019-03-01): Documentation provided indicates the condo questionnaire fee was added because of the condo questionnaire.  Citing the fee itself is not a valid changed circumstance.  Information on the change that caused the condo questionnaire fee to be required is needed to determine if the fee can be rebaselined.


Reviewer Comment (2019-03-01): Changed Circumstance in images indicates condo questionnaire is required, but it does not indicate why the fee is now required.  Information on what changed is required to determine if this is a valid changed circumstance.


Buyer Comment (2019-03-01): Lender rebuttal:  "Good morning, please be advised that not all Condo's charge a questionnaire fee.  When we were made aware of the fee it was added to the LE and disclosed properly with an accompanying COC."  Please clear.


Reviewer Comment (2019-03-01): (Redacted) received change of circumstance dated xx/xx/xxxx advising the $xx Condo Questionnaire was added as it is required.  Subject property is a Condo complex and thus the lender would have been aware that a Condo Questionnaire was required.  No new information provided or obtained to justify adding the $xx Fee.  Required cure included Corrected CD, Letter of Explanation to the Borrower, Cure Check and Proof of Delivery.
   12/XX/2018  9:21:56 AM   2 B 11/XX/2018 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
206257838           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.49780% or Final Disclosure APR of 7.54200% is in excess of allowable threshold of APOR 4.94% + 2.5%, or 7.44000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  3:29:45 PM 1 A 11/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257840           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   Missing Lender's [Redacted]   Buyer Comment (2019-03-01): waive
     11/XX/2018  10:37:20 AM 2 B 11/XX/2018 TN Second Home Purchase   C B A A C B A A Non QM Non QM No
206257840           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): waive
     11/XX/2018  10:37:28 AM 2 B 11/XX/2018 TN Second Home Purchase   C B A A C B A A Non QM Non QM No
206257840           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The Initial Closing Disclosure not provided at least x business before closing   Reviewer Comment (2019-03-01): (Redacted) received the initial CD indicating receipt on xx/xx/xxxx. Exception Cleared.
 11/XX/2018  12:19:51 PM     1 A 11/XX/2018 TN Second Home Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257840           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) Revised Loan Estimate [Redacted], not received by borrower at least x business days prior to closing   Reviewer Comment (2019-03-01): (Redacted) received the most recent LE indicating receipt on xx/xx/xxxx. Exception Cleared.
 11/XX/2018  12:19:51 PM     1 A 11/XX/2018 TN Second Home Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257842           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Only copy of CD in file was provided on [Redacted] which was the date of consummation.   Reviewer Comment (2019-03-01): Closing Disclosure provided.


Reviewer Comment (2019-03-01): No new information provided.
 11/XX/2018  1:45:16 PM     1 A 11/XX/2018 NJ Second Home Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257842           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. Missing copy of initial LE issued to the borrower.   Reviewer Comment (2019-03-01): Loan Estimate provided


Reviewer Comment (2019-03-01): No new information provided.
 11/XX/2018  1:45:16 PM     1 A 11/XX/2018 NJ Second Home Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257842           Compliance Compliance Federal Compliance 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. Missing copy of Homeownership Counseling List issued to the borrower.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  6:28:23 PM 2 B 11/XX/2018 NJ Second Home Purchase   C B C A C B A A Non QM Non QM No
206257842           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ Missing employer offer letter or pay stubs confirming co-borrower's current income and earnings.   Reviewer Comment (2019-03-01): Employer letter provided.
 11/XX/2018  10:35:47 AM     1 A 11/XX/2018 NJ Second Home Purchase   C B C A C B A A Non QM Non QM No
206257842           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Missing Servicing Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/XX/2018  6:28:33 PM 2 B 11/XX/2018 NJ Second Home Purchase Good faith redisclosure C B C A C B A A Non QM Non QM Yes
206257842           Compliance Compliance Miscellaneous Compliance Other Compliance Exception (Manual Add)   Missing copy of Compliance Ease or Mavent report required by Lender.   Reviewer Comment (2019-03-01): (Redacted) report provided.


Reviewer Comment (2019-03-01): No new information provided.
 11/XX/2018  1:39:21 PM     1 A 11/XX/2018 NJ Second Home Purchase   C B C A C B A A Non QM Non QM Yes
206257842           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. .   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  5:42:40 PM 2 B 11/XX/2018 NJ Second Home Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257842           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) .   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  5:42:48 PM 2 B 11/XX/2018 NJ Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257842           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. .   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     11/XX/2018  5:42:58 PM 2 B 11/XX/2018 NJ Second Home Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257842           Compliance Compliance Federal Compliance 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. .   Reviewer Comment (2019-03-01): After further review of the fee entry the exception has been cleared.
 12/XX/2018  10:53:20 AM     1 A 11/XX/2018 NJ 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
206257844           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.28730% or Final Disclosure APR of 8.30200% is in excess of allowable threshold of APOR 4.89% + 2.5%, or 7.39000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  9:25:31 AM 1 A 11/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206257844           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 8.28730% or Final Disclosure APR of 8.30200% is in excess of allowable threshold of APOR 4.89% + 2.5%, or 7.39000%.  Compliant Higher Priced Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  9:25:53 AM 1 A 11/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206257844           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the decrease to the Lender Credit.   Buyer Comment (2019-03-01): (Redacted) Has elected to waive this exception.
     12/XX/2018  11:51:19 AM 2 B 11/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257844           Compliance Compliance Federal Compliance 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 LE issued on [Redacted] decreased the Lender Credit without a valid change of circumstance.   Reviewer Comment (2019-03-01): (Redacted) received required documents.  The Lender credit was reduced by the same percentage as the loan balance and proper notice was given.  Exception cleared.


Buyer Comment (2019-03-01): Please see attached COC.  Loan amount changed.
 12/04/2018     1 A 11/XX/2018 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
206257844           Compliance Compliance Federal Compliance 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. (Type:Primary/[Redacted]) Appraisal provided  [Redacted], report date  [Redacted].   Buyer Comment (2019-03-01): (Redacted) Has elected to waive this exception.
     12/XX/2018  11:51:34 AM 2 B 11/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206257846           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] File is missing paystubs and [Redacted]-T required for SPJx program.   Reviewer Comment (2019-03-01): xxxxT provided.


Buyer Comment (2019-03-01): Please see xxxxT uploaded for your review.


Reviewer Comment (2019-03-01): Still need xxxx-T (xxxx), and xxxx-T (xxxx).


Buyer Comment (2019-03-01): Paystubs uploaded for your review.
 12/XX/2018  2:19:14 PM     1 A 11/XX/2018 WA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257846           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.20040% or Final Disclosure APR of 8.21300% is in excess of allowable threshold of APOR 4.94% + 1.5%, or 6.44000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  10:20:09 AM 1 A 11/XX/2018 WA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257846           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:03:22 PM 2 B 11/XX/2018 WA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257846           Compliance Compliance Federal Compliance 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. LO is currently inactive per NMLS Consumer Access, end date with Broker was [Redacted], x days after application date.   Reviewer Comment (2019-03-01): Information has been updated.


Buyer Comment (2019-03-01): Please see corrected documents uploaded for your review.
 12/XX/2018  2:17:25 PM     1 A 11/XX/2018 WA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257846           Compliance Compliance Federal Compliance 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 for overage, Discount Points fee increased without VCC.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception cleared.


Buyer Comment (2019-03-01): Please see revised xx./xx COC uploaded for your review.


Buyer Comment (2019-03-01): Change of Circumstance for loan amount increase uploaded for your review.
 12/04/2018     1 A 11/XX/2018 WA 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
206257846           Compliance Compliance Federal Compliance 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 provided for overage, Appraisal Fee increased without VCC.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception cleared.


Buyer Comment (2019-03-01): Change of circumstance for tolerance cure uploaded for your review.
 12/04/2018     1 A 11/XX/2018 WA 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
206257846           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Figure not provided, field blank.  No cure provided for overages.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:03:41 PM 2 B 11/XX/2018 WA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257846           Compliance Compliance Federal Compliance TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. Missing from file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:04:37 PM 2 B 11/XX/2018 WA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM Yes
206257846           Compliance Compliance Federal Compliance 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. No Cure provided.   Reviewer Comment (2019-03-01): Cure provided on xx/x/xxxx.  Exception cleared.


Reviewer Comment (2019-03-01): tr-open temporarily.
 12/04/2018     1 A 11/XX/2018 WA Primary Refinance - Cash-out - Other Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
206257848           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.       Reviewer Comment (2019-03-01): Catastrophic disaster report provided and end date of xx/xx/xxxx


Buyer Comment (2019-03-01): Uploaded For Review: CDAIR
 12/04/2018     1 A 11/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206257848           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Judgments / Balance:  [Redacted] The credit report disclosed a tax lien in the amount of $[Redacted] that still shows unpaid. There is no documentation in file to confirm it has been satisfied or that it poses no threat to the lienholder xst position.   Reviewer Comment (2019-03-01): Credit supplement dated xx/xx reflects "No Public Records Found."


Buyer Comment (2019-03-01): Uploaded for review: Credit supplement dated xx/xx evidencing "No Public Records Found."
 12/XX/2018  3:13:49 PM     1 A 11/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206257848           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower. The Anti-Steering Disclosure was not provided in file so compliance with Safe Harbor could not be confirmed.   Buyer Comment (2019-03-01): (Redacted) has elected to wavie this exception.
     12/XX/2018  2:29:58 PM 2 B 11/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206257848           Compliance Compliance Federal Compliance TILA LO Compensation (Impermissible Compensation Method) Loan Originator Compensation (Dodd-Frank 2014):  Unable to determine Compensation method used. The LO Compensation Agreement in file discloses the amount of Broker's compensation but does not indicate how that figure was calculated.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  2:30:30 PM 2 B 11/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206257848           Credit Guideline Guideline Issue Ineligible property type. ___ Subject property includes an un-permitted accessory unit above the garage which was converted and guidelines require that all properties must meet zoning requirements and must have a Certificate of Occupancy for their intended use. A Lender Acknowledged Exception was granted. Overall, monthly payment reduction of approximately $961.

Appraiser gave no value to the kitchen in the accessory unit.

Accessory unit converted to recording studio and was valued by the Appraiser as part of the garage. It is not economical to convert it back and it is not uncommon in the area.

Borrower qualifying credit score of 738 is 78 point greater than the minimum required of 660.

Borrower has employment stability for 22 years as xxx
Borrower has 8.67 months of reserves available and program minimum required is 6 months.

Subject LTV of 73.482% is lower than program maximum of 75%.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     11/XX/2018  4:19:28 PM 2 B 11/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206257850           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.35670% or Final Disclosure APR of 7.38500% is in excess of allowable threshold of APOR 4.94% + 1.5%, or 6.44000%.  Compliant Higher Priced Mortgage Loan. Compliant Higher Priced Mortgage Loan.   Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     11/XX/2018  2:50:23 PM 1 A 11/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257850           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation disclosure not provided.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  11:19:16 AM 2 B 11/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257850           Compliance Compliance Federal Compliance 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. Lender provided a credit of $[Redacted] which was insufficient to cover increase of [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received an attestation that Saturday is not considered a business day for (Redacted) loans.


Buyer Comment (2019-03-01): Please see attached CFPB Reg.   - For the purposes of providing the LE , a business day on which the creditors offices are open to the public for carrying out substantially all of its business functions.  - (Redacted)s offices are not open on Saturdays,  Please read attached Reg.


Reviewer Comment (2019-03-01): (REDACTED) xth was a Friday and Saturdays are included in x day timing.  The x disclosure timing ended on xx/xx/xx and Revised LE was not sent until xx/xx/xx does not meet the timing requirements.


Buyer Comment (2019-03-01): (REDACTED) xxth was a legal holiday - Veterans day was observed.  LE was sent out within x business days.  Please clear the exception.


Reviewer Comment (2019-03-01): (Redacted) received change of circumstance for rate extension.  Lender made aware of the change on xx/xx/xxxx and the Loan Estimate with the updated fee wasn't disclosed until xx/xx/xxxx.  Borrower not notified within x business days of lender being made aware of the change.  Cure require.  Please provide Corrected CD, Cure Check, Letter of Explanation to the borrower and Proof of Delivery.


Buyer Comment (2019-03-01): Please see attached for COC.  Rate extension.
 12/XX/2018  3:04:31 PM     1 A 11/XX/2018 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
206257850           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Reinspection Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Lender provided a $[Redacted] credit to cure this increase.   Reviewer Comment (2019-03-01): $xxx cure was provided to the borrower at closing.


Buyer Comment (2019-03-01): Please clear this finding cure was provided to borrower.
 12/XX/2018  4:44:11 PM     1 A 11/XX/2018 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
206257850           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Amount listed of $[Redacted] was insufficient to cover the amount that exceeded the legal limit.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  11:19:28 AM 2 B 11/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257850           Compliance Compliance Federal Compliance 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. (Type:Primary/[Redacted]) Borrower acknowledged receipt of appraisal on [Redacted] yet updated report in file is dated [Redacted].  Missing evidence borrower received updated report.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  11:19:35 AM 2 B 11/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257850           Credit System General 1003 Subject Address does not match Note address.   Please provided a corrected [Redacted] with city name of XXX.   Reviewer Comment (2019-03-01): Corrected xxxx with city name of XXX. provided.


Buyer Comment (2019-03-01): See attached
 12/XX/2018  11:32:26 AM     1 A 11/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257850           Credit System General Flood Certificate Subject Address does not match Note address.   Please provided a corrected Flood Cert  with city name of XXX.   Reviewer Comment (2019-03-01): Corrected Flood Certificate with city name of XXX. provided.


Buyer Comment (2019-03-01): See attached
 12/XX/2018  11:32:50 AM     1 A 11/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257850           Credit System General AUS/Approval Subject Address does not match Note address.   Please provided a corrected Approval with city name of XXX.   Reviewer Comment (2019-03-01): Corrected AUS/Approval  with city name of XXX. provided.


Buyer Comment (2019-03-01): See attached
 12/XX/2018  11:33:22 AM     1 A 11/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257850           Credit System General Closing Disclosure Subject Address does not match Note address. Date Issued: [Redacted] / Relative Sequence Num: <empty>, Date Issued: [Redacted] / Relative Sequence Num: <empty> Please provided a corrected CD dated [Redacted] and [Redacted] with city name of XXX.   Reviewer Comment (2019-03-01): Corrected CD provided.


Reviewer Comment (2019-03-01): Only partial part on page x of the PCCD was provided please provide complete full PCCD for review. Exception remains.


Buyer Comment (2019-03-01): See attached


Reviewer Comment (2019-03-01): Provide evidence address on CD has been corrected to reflect XXX as city.


Buyer Comment (2019-03-01): These were not required to be corrected .  CD's were generated timely and delivered to the borrowers in the past.  All current documents have been corrected.
 12/XX/2018  10:49:31 AM     1 A 11/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257852           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___.   765 representative FICO score > 640 guideline minimum - 125 points above guideline minimum

LTV of 85%, 5% < program max of 90%

22.497% DTI on this bank statement documentation loan < 50% guideline max - 27.503% below program guideline maximum		 Reviewer Comment (2019-03-01): Reserves are x.xx months vs program requirement of x months.
     12/04/2018 2 B 11/XX/2018 GA Primary Purchase   C B C B C B A A Non QM Non QM No
206257852           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date. Hazard Insurance Policy Effective Date ___, Transaction Date:  ___   Borrower has been self-employed for the past 5 years as XXX XXX

Perfect mortgage history paid as agreed since earliest inception date of 3/2014.

765 representative FICO score > 640 guideline minimum - 125 points above guideline minimum

LTV of 85%, 5% < program max of 90%

22.497% DTI on this bank statement documentation loan < 50% guideline max - 27.503% below program guideline maximum		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.


Reviewer Comment (2019-03-01): Incorrectly cleared.


Reviewer Comment (2019-03-01): xxxx that reflects the home has no damage.


Buyer Comment (2019-03-01): Uploaded xxxx that reflects the home has no damage. Along with the exception that reflects we approved the HOI effective date


Reviewer Comment (2019-03-01): Need documentation no claims have come against the property between Effective Date (Redacted) and Transaction Date: xx/xx/xxxx.
     12/XX/2018  10:59:20 AM 2 B 11/XX/2018 GA Primary Purchase   C B C B C B A A Non QM Non QM No
206257852           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): waive
     12/XX/2018  10:29:55 AM 2 B 11/XX/2018 GA Primary Purchase   C B C B C B A A Non QM Non QM No
206257852           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The dollar amount by which costs exceeded legal limits was not disclosed.   Buyer Comment (2019-03-01): waive
     12/XX/2018  10:30:09 AM 2 B 11/XX/2018 GA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257852           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Evidence CD received at least x business days prior to closing is not provided.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx CD and xx/xx/xxxx LE indicating electronic receipt the dates issued. Exception Cleared.
 12/XX/2018  1:37:00 PM     1 A 11/XX/2018 GA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257852           Compliance Compliance Federal Compliance TRID Interim Closing Disclosure Timing TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on [Redacted] contains a change in APR, loan product or addition of prepayment penalty and was not received by borrower at least three (3) business days prior to consummation Final CD was not received at least x business days prior to closing and the initial CD did not disclose an APR.   Reviewer Comment (2019-03-01): (Redacted) received initial CD. Exception Cleared.


Buyer Comment (2019-03-01): Uploaded Initial CD esigned
 12/XX/2018  1:41:56 PM     1 A 11/XX/2018 GA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257852           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) Revised LE not received at least x business days prior to consummation.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx CD and xx/xx/xxxx LE indicating electronic receipt the dates issued. Exception Cleared.
 12/XX/2018  1:37:00 PM     1 A 11/XX/2018 GA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257852           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $x,xxx.xx plus 10% or $x,xxx.xx.  Insufficient or no cure was provided to the borrower. (0) Ten Percent Fee Tolerance exceeded. Total amount of [Redacted] exceeds tolerance of [Redacted] plus [Redacted] or [Redacted].  Missing proof of valid change, insufficient or no cure was provided to the borrower.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD


Reviewer Comment (2019-03-01): The exception is populating as the Title-Lender's Title Insurance was disclosed as $xxxx and increased to $xxxx. Borrower chose to use the selected service provider therefore fee is subject to xx% tolerance. Please provide corrected CD, LOE, Refund Check, and Proof of Delivery to cure.


Buyer Comment (2019-03-01): Can you please advise which fees increased?
   12/XX/2018  8:56:51 PM   2 B 11/XX/2018 GA 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
206257854           Compliance Compliance Federal Compliance 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 three (3) business days of application. Application date is [Redacted]. Disclosure in file was provided [Redacted], not within 3 business days of application.   Reviewer Comment (2019-03-01): Affiliated Business Arrangement Disclosure provided.
 12/04/2018     1 A 11/XX/2018 NJ Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257854           Compliance Compliance Federal Compliance 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 (2019-03-01): Homeownership Counseling List provided.
 12/04/2018     1 A 11/XX/2018 NJ Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257854           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. Application date is [Redacted]. Disclosure in file was provided [Redacted], not within 3 business days of application.   Reviewer Comment (2019-03-01): ARM loan program disclosure provided.
 12/04/2018     1 A 11/XX/2018 NJ Primary Refinance - Rate/Term No Defined Cure C B C B C B A A Non QM Non QM No
206257854           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower.     Reviewer Comment (2019-03-01): CHARM Booklet provided.
 12/04/2018     1 A 11/XX/2018 NJ Primary Refinance - Rate/Term No Defined Cure C B C B C B A A Non QM Non QM No
206257854           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. - Also missing initial Loan Estimate from file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/04/2018 2 B 11/XX/2018 NJ Primary Refinance - Rate/Term Good faith redisclosure C B C B C B A A Non QM Non QM Yes
206257854           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. File does not evidence the consumer was provided with the Servicing Disclosure. - Also missing the initial Loan Estimate from file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/04/2018 2 B 11/XX/2018 NJ Primary Refinance - Rate/Term Good faith redisclosure C B C B C B A A Non QM Non QM Yes
206257854           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Loan estimate is missing from the file. Unable to verify proper disclosure of fees.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/04/2018 2 B 11/XX/2018 NJ Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257854           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. Missing LE(s) from file.   Reviewer Comment (2019-03-01): (Redacted) received x LEs. Exception Cleared.
 12/04/2018     1 A 11/XX/2018 NJ Primary Refinance - Rate/Term No Defined Cure C B C B C B A A Non QM Non QM No
206257854           Compliance Compliance Federal Compliance 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. Loan estimate is missing from the file. Unable to verify proper disclosure of fee.   Reviewer Comment (2019-03-01): (Redacted) received x LEs. Exception Cleared.


Buyer Comment (2019-03-01): Please see uploaded LEs
 12/04/2018     1 A 11/XX/2018 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 C B C B A A Non QM Non QM Yes
206257854           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Loan estimate is missing from the file. Unable to verify proper disclosure of fee.   Reviewer Comment (2019-03-01): (Redacted) received x LEs. Exception Cleared.


Buyer Comment (2019-03-01): Please see uploaded LEs
 12/04/2018     1 A 11/XX/2018 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 C B C B A A Non QM Non QM Yes
206257854           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Loan estimate is missing from the file. Unable to verify proper disclosure of fee.   Reviewer Comment (2019-03-01): (Redacted) received x LEs. Exception Cleared.


Buyer Comment (2019-03-01): Please see uploaded LEs
 12/04/2018     1 A 11/XX/2018 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 C B C B A A Non QM Non QM Yes
206257854           Compliance Compliance Federal Compliance 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. Loan estimate is missing from the file. Unable to verify proper disclosure of fee.   Reviewer Comment (2019-03-01): (Redacted) received x LEs. Exception Cleared.


Buyer Comment (2019-03-01): Please see uploaded LEs
 12/04/2018     1 A 11/XX/2018 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 C B C B A A Non QM Non QM Yes
206257854           Compliance Compliance Federal Compliance 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. Loan estimate is missing from the file. Unable to verify proper disclosure of fee.   Reviewer Comment (2019-03-01): (Redacted) received x LEs. Exception Cleared.


Buyer Comment (2019-03-01): Please see uploaded LEs
 12/04/2018     1 A 11/XX/2018 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 C B C B A A Non QM Non QM Yes
206257854           Compliance Compliance Federal Compliance TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Third Circuit) 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.     Reviewer Comment (2019-03-01): (Redacted) received the corrected and signed NORTC xx/xx/xxxx, an LOE from the LO who actually spoke to the borrower outlining the conversation that took place o the borrower.


Buyer Comment (2019-03-01): Per lender, the loan officer explained to the borrowers over the phone.


Reviewer Comment (2019-03-01): ROR provided is acceptable, missing the Letter if Explanation description why it was being sent. Exception remains.


Reviewer Comment (2019-03-01): Need additional documentation; Letter of Explanation and Proof of Delivery.


Reviewer Comment (2019-03-01): incorrectly cleared


Reviewer Comment (2019-03-01): Corrected Right To Rescind provided.
   12/XX/2018  10:21:51 AM   2 B 11/XX/2018 NJ 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 B C B A A Non QM Non QM Yes
206257854           Credit Credit Miscellaneous Credit Exception:   Less than [Redacted] months documented hosing history (x months) vs program requirement for a minimum of a [Redacted] month documented housing history. Lender approved. Borrower is paying off high interest mortgage resulting in an overall monthly housing payment reduction of 50.17 per month.

Bo credit late payments in the past 26 months (since //2016) and no public records.

25.05291% DTI on this Full documentation loan < 50% guideline max -24.94709% below program guideline maximum

Credit Score is 712, 12 points > program requirement of 700.

LTV 79% , 6% < program maximum of 85%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  9:08:14 AM 2 B 11/XX/2018 NJ Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257854           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero 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. Added [Redacted]he fee was added without a valid COC. Please provide a corrected CD, LOE, Refund Check, and Proof of Delivery to cure.       12/04/2018   1 A 11/XX/2018 NJ Primary Refinance - Rate/Term Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
206257854           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Added [Redacted]he fee was added without a valid COC. Please provide a corrected CD, LOE, Refund Check, and Proof of Delivery to cure.       12/04/2018   1 A 11/XX/2018 NJ Primary Refinance - Rate/Term Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
206257854           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Water Testing Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Added [Redacted]he fee was added without a valid COC. Please provide a corrected CD, LOE, Refund Check, and Proof of Delivery to cure.       12/04/2018   1 A 11/XX/2018 NJ Primary Refinance - Rate/Term Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
206257854           Compliance Compliance Federal Compliance TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [Redacted, prior to three (3) business days from transaction date of [Redacted. .   Reviewer Comment (2019-03-01): Incorrectly cited
 12/XX/2018  10:48:47 AM     1 A 11/XX/2018 NJ 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 B C B A A Non QM Non QM Yes
206257856           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Tax Liens / Balance:  [Redacted] The Lender's credit report discloses a federal tax lien of $[Redacted] brought against the Borrower. It discloses the date it was filed but does not indicate that it is satisfied. There was no other documentation provided in file to confirm the matter has been resolved.   Reviewer Comment (2019-03-01): Exception was cleared by use of the Data Verify report dated xx/xx/xxxx page x reflecting no outstanding judgement. The Borrower file for a Chapter x Bankruptcy in xxxxx which was discharged x/xxxx.


Reviewer Comment (2019-03-01): federal tax lien D/C xx/xx/xxxx


Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
 12/XX/2018  2:16:55 PM     1 A 11/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257856           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Unable to determine what the Broker's compensation was based upon due to missing LO Compensation Agreement or document of the like.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:04:55 PM 2 B 11/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257856           Compliance Compliance Federal Compliance 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.) (Final/ [Redacted]) The Borrower's Final CD did not disclose any seller paid fees and the Seller CD is missing from file.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation & Corrected Closing Disclosure.


Buyer Comment (2019-03-01): Please see revised PCCD uploaded for your review.


Buyer Comment (2019-03-01): Please see PCCD/LOX//abel uploaded for your review.
   12/XX/2018  3:42:51 PM   1 A 11/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257856           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Prepaid Flood Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] did not disclose number of months for Flood Insurance Premium under Prepaids. (Final/[Redacted]) The Borrower's Final CD did not disclose the number of months represented by the Flood Insurance Premium paid.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:05:06 PM 2 B 11/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257856           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure [Redacted] 12:00:00 AM was received. (Interim/[Redacted]) Unable to determine when Borrower received the Loan Estimate issued [Redacted]. The estimated date received is dated after the initial CD was signed by the Borrower.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:05:17 PM 2 B 11/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257856           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) Unable to determine when Borrower received the Loan Estimate issued [Redacted]. The estimated date received is not at least x business days prior to closing.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception cleared/


Buyer Comment (2019-03-01): Please see uploaded tracking.
 12/XX/2018  3:47:58 PM     1 A 11/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257856           Credit Assets Asset Documentation Assets Error: Usability  was not provided   The Borrower's business account was used to verify sufficient funds for closing and reserves. The loan program guidelines require that a CPA letter is provided confirming that withdrawal of the funds for closing will not have a negative impact on the business, however, this documentation was not provided in file and there is no Lender approved exception in lieu of the documentation.   Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): The CPA letter is waived if the LTV is xx% or less.  Please see page  xx of the guidelines.


Reviewer Comment (2019-03-01): Since funds are needed for closing costs, a CPA letter is required.


Buyer Comment (2019-03-01): The new guidelines state the CPA letter is no longer needed regarding impact of use of business funds or the need to transfer to business account.
 12/XX/2018  1:24:39 PM     1 A 11/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257858           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   Missing Lender's initial [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  1:33:06 PM 2 B 11/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257858           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.       Reviewer Comment (2019-03-01): Disaster inspection report provided and cleared, with a Disaster End Date of xx/xx/xxxx.


Buyer Comment (2019-03-01): CDAIR attached for your review.
 12/XX/2018  10:00:09 AM     1 A 11/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257858           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.66250% or Final Disclosure APR of 7.68500% is in excess of allowable threshold of APOR 4.96% + 1.5%, or 6.46000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/04/2018 1 A 11/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257858           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 7.66250% or Final Disclosure APR of 7.68500% is in excess of allowable threshold of APOR 4.96% + 1.5%, or 6.46000%.  Compliant Higher Priced Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/04/2018 1 A 11/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257858           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) The final CD disclosed a Closing Date of [Redacted]; documents were signed on [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  1:33:18 PM 2 B 11/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257858           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the increases to the Loan Discount Points and the Broker Fee.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  1:33:29 PM 2 B 11/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257858           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; the borrower signed on [Redacted].   Reviewer Comment (2019-03-01): Initial CD signed by borrowers on (Redacted) received.


Buyer Comment (2019-03-01): See attached signed xx.xx CD
 12/XX/2018  10:46:18 AM     1 A 11/XX/2018 CA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257858           Compliance Compliance Federal Compliance 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 LE issued on [Redacted] increased the Loan Discount Points without a valid change of circumstance.   Reviewer Comment (2019-03-01): Change of circumstance loan amount increase.


Buyer Comment (2019-03-01): See attached VCOC
 12/XX/2018  10:46:18 AM     1 A 11/XX/2018 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
206257858           Compliance Compliance Federal Compliance 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. The LE issued on [Redacted] increased the Broker Fee without a valid change of circumstance.   Reviewer Comment (2019-03-01): Change of circumstance loan amount increase.


Buyer Comment (2019-03-01): See attached VCOC
 12/XX/2018  10:46:18 AM     1 A 11/XX/2018 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
206257858           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing evidence borrower was provided a copy of the LO Compensation Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  1:33:42 PM 2 B 11/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257860           Credit Property - Appraisal Appraisal Documentation Missing Document: Appraisal not provided   Please provide Appraisal supporting value used to qualify.   Reviewer Comment (2019-03-01): Appraisal provided.


Buyer Comment (2019-03-01): Appraisal uploaded for your review.
 12/XX/2018  10:25:24 AM     1 A 11/XX/2018 FL Second Home Purchase   D B D B B B A A Non QM Non QM No
206257860           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.       Reviewer Comment (2019-03-01): appraisal report provided dated xx/xx/xxx


Buyer Comment (2019-03-01): The appraisal report is dated xx/xx/xxx - Florida Hurricane IRMA was x/x/xxxx to xx/x/xxxx, not xxxx, please clear or remove this exception.
 12/XX/2018  10:14:53 AM     1 A 11/XX/2018 FL Second Home Purchase   D B D B B B A A Non QM Non QM No
206257860           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Minimum Loan Amount discrepancy. Note loan amount of ___ is less than Guideline minimum loan amount of ___. Lender approved exception to allow Loan amount is $[Redacted] vs program minimum of [Redacted]. Reserves are 13.14 months, 10.14 months > program requirement of 3 months

DTI is 22.99%,27.01% < program maximum of 50%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  11:13:15 AM 2 B 11/XX/2018 FL Second Home Purchase   D B D B B B A A Non QM Non QM No
206257860           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower. Missing evidence of the borrower's receipt of the Anti-Steering Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:35:49 PM 2 B 11/XX/2018 FL Second Home Purchase   D B D B B B A A Non QM Non QM No
206257860           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing evidence of the borrower's receipt of the Loan Originator Compensation disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:36:00 PM 2 B 11/XX/2018 FL Second Home Purchase   D B D B B B A A Non QM Non QM No
206257860           Compliance Compliance Federal Compliance 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 1026.43(c)(5).     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  3:09:46 PM 2 B 11/XX/2018 FL Second Home Purchase   D B D B B B A A Non QM Non QM No
206257862           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. (Final/[Redacted]) Unable to determine the cause of the variance in Finance Charge due to missing itemization of amount financed.   Reviewer Comment (2019-03-01): Upon further review, the exception is cleared.


Buyer Comment (2019-03-01): Please see (REDACTED)VENT xx-xx
 12/XX/2018  5:33:12 PM     1 A 11/XX/2018 CA 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 A C A C A A A Non QM Non QM Yes
206257862           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The Initial CD issued on [Redacted] was not signed by the Borrower so it cannot be confirmed if Borrower received the disclosure at least x business days prior to closing.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating xx/xx/xxxx CD was received the same day. Exception Cleared.


Buyer Comment (2019-03-01): Please see CD, ESIGN reflecting CD was sent and received on xx/xx
 12/XX/2018  7:55:01 AM     1 A 11/XX/2018 CA Primary Refinance - Rate/Term No Defined Cure C A C A C A A A Non QM Non QM No
206257862           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) The LE issued [Redacted] did not have a signature date from the Borrower so the date received was estimated to be [Redacted] which was the same day as closing. No verification in file as to when the Borrower received the LE.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx LE with receipt the same day. Exception Cleared.


Buyer Comment (2019-03-01): Please see ESIGN and LE TRACKING xx-xx reflects the LE in question was sent and received on xx/xx


Buyer Comment (2019-03-01): Please see CD and ESIGN; CD reflects sent and received on xx/xx
 12/XX/2018  7:55:01 AM     1 A 11/XX/2018 CA Primary Refinance - Rate/Term No Defined Cure C A C A C A A A Non QM Non QM No
206257862           Credit Credit Miscellaneous Credit Exception:   Missing the compliance report : compliance ease or Mavent as required per guides.   Reviewer Comment (2019-03-01): (Redacted) provided.


Buyer Comment (2019-03-01): Please see (REDACTED)VENT xx-xx
 12/XX/2018  2:25:38 PM     1 A 11/XX/2018 CA Primary Refinance - Rate/Term   C A C A C A A A Non QM Non QM No
206257864           Compliance Compliance Federal Compliance 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. Missing evidence borrower received a copy of the Right to Receive a Copy of the appraisal.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:42:03 PM 2 B 11/XX/2018 TN Investment Refinance - Cash-out - Other   C B C A B B A A N/A N/A No
206257864           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing documentation of borrowers % of ownership of [Redacted] as required per guides.   Reviewer Comment (2019-03-01): proof of percent of business owned provided.


Buyer Comment (2019-03-01): Please see proof of percent of business owned uploaded for your review.
 12/XX/2018  2:03:44 PM     1 A 11/XX/2018 TN Investment Refinance - Cash-out - Other   C B C A B B A A N/A N/A No
206257866           Compliance Compliance Federal Compliance 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. Missing evidence borrower was provided with the Right to Receive a Copy of the Appraisal report disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:54:31 PM 2 B 11/XX/2018 NM Investment Purchase   B B A A B B A A N/A N/A No
206257866           Compliance Compliance Federal Compliance High Cost Indicator Test Loan does not exceed any high cost thresholds, however, documentation indicating loan was originated as a high cost loan found in file. Mavent report dated [Redacted] reflects loan failed the High Cost test.   Reviewer Comment (2019-03-01): Per (Redacted) subject is investment and High Cost Pass Result.


Reviewer Comment (2019-03-01): Incorrect exception was investment high cost pass per (Redacted)


Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception. Chose without comp factor.


Buyer Comment (2019-03-01): Please remove this exception per Investor request.
 12/XX/2018  8:44:06 AM     1 A 11/XX/2018 NM Investment Purchase   B B A A B B A A N/A N/A No
206257868           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     12/XX/2018  2:10:52 PM 2 B 11/XX/2018 CT Primary Purchase   C B C A B B A A Non QM Non QM No
206257868           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.46410% or Final Disclosure APR of 7.47000% is in excess of allowable threshold of APOR 4.87% + 1.5%, or 6.37000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/04/2018 1 A 11/XX/2018 CT Primary Purchase   C B C A B B A A Non QM Non QM No
206257868           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     12/XX/2018  2:11:14 PM 2 B 11/XX/2018 CT Primary Purchase   C B C A B B A A Non QM Non QM No
206257868           Compliance Compliance State Compliance (State HPML) Connecticut Non-Prime Home Loan (APR Exceeds Non-Prime Threshold) Connecticut Non-Prime Home Loan: APR on subject loan of 7.46410% or Final Disclosure APR of 7.47000% is in excess of allowable threshold of APOR 4.87% + 1.5%, or 6.37000%.  Compliant Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/04/2018 1 A 11/XX/2018 CT Primary Purchase   C B C A B B A A Non QM Non QM No
206257868           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. The Loan Estimates and the initial CD were signed electronically; however, the e-sign consent documentation was not provided.   Reviewer Comment (2019-03-01): Esign Consent Agreement provided.


Buyer Comment (2019-03-01): Please see ESIGN
 12/XX/2018  3:17:19 PM     1 A 11/XX/2018 CT Primary Purchase No Defined Cure C B C A B B A A Non QM Non QM No
206257868           Compliance Compliance Federal Compliance TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on [Redacted] reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (Final/[Redacted]) The final CD disclosed the 3rd Party Processing Fee and the Underwriting Fee paid to the Broker in Section B.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     12/XX/2018  2:11:35 PM 2 B 11/XX/2018 CT Primary Purchase Good Faith Redisclosure C B C A B B A A Non QM Non QM Yes
206257868           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ Missing the CPA letter for verification of percentage owned of [Redacted] as required per guidelines.   Reviewer Comment (2019-03-01): Business license information provided showing (REDACTED) as only principal.


Buyer Comment (2019-03-01): Please see XXX DOCS reflecting (REDACTED) as only Member/Principal of XXX
 12/XX/2018  3:15:13 PM     1 A 11/XX/2018 CT Primary Purchase   C B C A B B A A Non QM Non QM No
206257870           Compliance Compliance Federal Compliance 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. 52.29598% DTI based on Lender qualification method of fully on indexed rate +1.9% P&I [Redacted] , neg cash flow[Redacted] and other debts [Redacted].   Reviewer Comment (2019-03-01): After recalculation, DTI has fXXXunder xx% per guidelines.


Reviewer Comment (2019-03-01): Issue is due to amortization period used in qualifying paymenmt by lender was xxx months, however due to loan being xx year I/O, should be based on xxx months.


Buyer Comment (2019-03-01): DTI is xx.xxxxx% Please clear


Reviewer Comment (2019-03-01): Corrected Qualifying rate to x.xxx% and qualifying P&I to xxxx.xx, which resulted in a DTI of xx.xxx%.


Reviewer Comment (2019-03-01): Lender used P&I payment from Note for qualifying payment. Correct payment after qualify rate adjusted per guidelines.


Buyer Comment (2019-03-01): Qualifying rate is x.xxx%
 1/XX/2019  1:14:57 PM     1 A 11/XX/2018 CA Second Home Purchase Lender to provide updated ATR/QM Loan Designation C B C B C B A A Non QM Non QM Yes
206257870           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) Missing proof that the borrower was provided the final revised loan estimate dated [Redacted] at least x business days prior to closing   Reviewer Comment (2019-03-01): (Redacted) received evidence of earlier receipt.


Buyer Comment (2019-03-01): LE Tracking
 12/XX/2018  8:28:01 PM     1 A 11/XX/2018 CA Second Home Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257870           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Audit calculation method for P& I differs from lender calculation, causes DTI to exceed program  maximum of 50%.[Redacted]% DTI based on Lender qualification method of fully on indexed rate +1.9% P&I [Redacted] , neg cash flow [Redacted] and other debts [Redacted]   Reviewer Comment (2019-03-01): After recalculation, DTI has fXXXunder xx% per guidelines.


Buyer Comment (2019-03-01): The Exception is not needed if under xx%. Please clear this aged file


Reviewer Comment (2019-03-01): After correcting the qualifying PITI, Investor DTI is xx.xxx% vs Non-QM DTI of xx.xxx%. Please correct exception approval.


Buyer Comment (2019-03-01): Exception Approval


Reviewer Comment (2019-03-01): Issue is due to amortization period used in qualifying paymenmt by lender was xxx months, however due to loan being xx year I/O, should be based on xxx months.


Buyer Comment (2019-03-01): DTI is xx.xxxxx% Please clear


Reviewer Comment (2019-03-01): Corrected Qualifying rate to x.xxx% and qualifying P&I to xxxx.xx, which resulted in a DTI of xx.xxx%.


Reviewer Comment (2019-03-01): Corrected qualifying rate.
 1/XX/2019  1:13:54 PM     1 A 11/XX/2018 CA Second Home Purchase   C B C B C B A A Non QM Non QM No
206257870           Compliance Compliance Federal Compliance 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. ATR risk based on DTI exceeding 50%. [Redacted]% DTI based on Lender qualification method of fully on indexed rate +1.9% P&I [Redacted] , neg cash flow [Redacted] and other debts [Redacted].     12/XX/2018  2:56:41 PM     1 A 11/XX/2018 CA Second Home Purchase   C B C B C B A A Non QM Non QM No
206257870           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure [Redacted] 12:00:00 AM was received. (Interim/[Redacted])     Reviewer Comment (2019-03-01): (Redacted) received evidence of earlier receipt.
 12/XX/2018  8:28:01 PM     1 A 11/XX/2018 CA Second Home Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257870           Compliance Compliance Federal Compliance 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 1026.43(c)(5). [Redacted] DTI based on Lender qualification method of fully on indexed rate +1.9% P&I [Redacted] , neg cash flow [Redacted] and other debts [Redacted]   Buyer Comment (2019-03-01): Please waive


Reviewer Comment (2019-03-01): Issue is due to amortization period used in qualifying paymenmt by lender was xxx months, however due to loan being xx year I/O, should be based on xxx months.


Buyer Comment (2019-03-01): DTI is xx.xxxxx% Please clear


Reviewer Comment (2019-03-01): Corrected Qualifying rate to x.xxx% and qualifying P&I to xxxx.xx, which resulted in a DTI of xx.xxx%.


Reviewer Comment (2019-03-01): Lender used P&I payment from Note for qualifying payment. Correct payment after qualify rate adjusted per guidelines.
     1/XX/2019  5:38:08 PM 2 B 11/XX/2018 CA Second Home Purchase   C B C B C B A A Non QM Non QM No
206257870           Compliance Compliance Federal Compliance General ATR Provision Investor and Non QM DTIs don't match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTIs calculated in accordance with the Lenders Guidelines of 52.29598% and based on 1026.43(c)(5) of 53.63% moderately exceed the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) [Redacted] DTI based on Lender qualification method of fully on indexed rate +1.9% P&I [Redacted] , neg cash flow [Redacted] and other debts [Redacted]   Reviewer Comment (2019-03-01): Adjusted xxxx XXX HELOC Note at x.xxx% for xx years is $xxxx.xx. lowering DTI.


Reviewer Comment (2019-03-01): Corrected Qualifying rate to x.xxx% and qualifying P&I to xxxx.xx, which resulted in a DTI of xx.xxx%.


Buyer Comment (2019-03-01): Qualifying Rate is x.xxx%
 1/XX/2019  2:45:05 PM     1 A 11/XX/2018 CA Second Home Purchase   C B C B C B A A Non QM Non QM No
206257870           Compliance Compliance Federal Compliance General Ability To Repay Provision Non QM DTI moderately exceeds Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the 1026.43(c)(5) of 53.42% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) .   Reviewer Comment (2019-03-01): Adjusted xxxx XXX HELOC Note at x.xxx% for xx years is $xxxx.xx. lowering DTI.


Buyer Comment (2019-03-01): Using full line of $xxxK


Buyer Comment (2019-03-01): HELOC Note at x.xxx% for xx years is $xxxx.xx. Please adjust the DTI


Reviewer Comment (2019-03-01): Corrected Qualifying rate to x.xxx% and qualifying P&I to xxxx.xx, which resulted in a DTI of xx.xxx%.


Reviewer Comment (2019-03-01): Corrected qualifying rate and P&I.


Reviewer Comment (2019-03-01): Per (Redacted) training guidance, when actual payment not available, we are to use x.x% of the line limit, which is $xxxx.xx. Provide any documentation stating the actual HELOC payment.


Buyer Comment (2019-03-01): HELOC agreement *Fully amortization with Taxes and Ins is not a xK payment, Please recalculate and adjust the DTI please


Reviewer Comment (2019-03-01): Lender used P&I payment from Note for qualifying payment. Correct payment after qualify rate adjusted per guidelines.
 1/XX/2019  2:45:05 PM     1 A 11/XX/2018 CA Second Home Purchase   C B C B C B A A Non QM Non QM No
206257870           Credit Data Verification General The Investor's qualifying total debt ratio is less than the Non-QM qualifying total debt ratio. Investor's qualifying DTI: ___
Non-QM qualifying DTI: ___		 Lender used initial P&I of [Redacted] for qualifying payment.   Reviewer Comment (2019-03-01): Per guidelines, other method used for qualifying method.


Buyer Comment (2019-03-01): DTI is xx.xxxxx% Please clear


Reviewer Comment (2019-03-01): Corrected Qualifying rate to x.xxx% and qualifying P&I to xxxx.xx, which resulted in a DTI of xx.xxx%.


Reviewer Comment (2019-03-01): Lender used P&I payment from Note for qualifying payment. Correct payment after qualify rate adjusted per guidelines.
 1/XX/2019  9:29:10 AM     1 A 11/XX/2018 CA Second Home Purchase   C B C B C B A A Non QM Non QM No
206257870           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (Final/[Redacted]) .   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     1/XX/2019  8:36:56 AM 2 B 11/XX/2018 CA Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257870           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy.   .   Reviewer Comment (2019-03-01): Adjusted xxxx XXX HELOC Note at x.xxx% for xx years is $xxxx.xx. lowering DTI.


Reviewer Comment (2019-03-01): Corrected Qualifying rate to x.xxx% and qualifying P&I to xxxx.xx, which resulted in a DTI of xx.xxx%.
 1/XX/2019  2:44:35 PM     1 A 11/XX/2018 CA Second Home Purchase   C B C B C B A A Non QM Non QM No
206257870           Credit Credit Miscellaneous Credit Exception:   Subject property is on [Redacted] acres vs program maximum of [Redacted] acres. Lender approved Both Borrowers are self employed as XXX for the past 11.87 years.

Excellent mortgage history paid as agreed since earliest inception date of 8/2005.

Credit Score 797, 117 points < program requirements of 680.

LTV is 71.429%, 8.571% < program maximum of 80%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     2/XX/2019  1:46:00 PM 2 B 11/XX/2018 CA Second Home Purchase   C B C B C B A A Non QM Non QM No
206257872           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.       Reviewer Comment (2019-03-01): CDAIR provided, which has an end date of xx/xx/xxxx.


Buyer Comment (2019-03-01): CDAIR
 12/XX/2018  8:54:06 AM     1 A 11/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257872           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) The final CD disclosed a closing Date of [Redacted]; the documents were signed on [Redacted].   Reviewer Comment (2019-03-01): Client acknowledges - rating x remains


Buyer Comment (2019-03-01): Please waive
     12/XX/2018  4:49:42 PM 2 B 11/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257872           Compliance Compliance Federal Compliance 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.) (Final/ [Redacted]) Neither the Borrower's or Seller's CD disclosed any seller paid fees.   Reviewer Comment (2019-03-01): (Redacted) received the required documents, exception cleared.


Buyer Comment (2019-03-01): PCCD,LOX and Label


Reviewer Comment (2019-03-01): The Seller's Disclosure and the Consumer's CD must reflect any and all Seller paid fees, not just fees paid on behalf of the Buyer.  The Purchase Contract does state that several fees were required to be paid by the Seller.  Please provide the Seller's Closing Disclosure with all fees charged to the Seller and a Revised Consumer's CD with the Seller paid fees disclosed along with a Letter of Explanation provided to the Borrower to cure.


Buyer Comment (2019-03-01): There are no Seller concessions See Purchase contract and Appraisal
 12/XX/2018  1:02:47 AM     1 A 11/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257872           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the increase to the Recording Fee.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation & Corrected Closing Disclosure.


Buyer Comment (2019-03-01): PCCD,LOX and Label
   12/XX/2018  9:23:49 AM   2 B 11/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257872           Compliance Compliance Federal Compliance 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 10% or $xxx.xx.  Insufficient or no cure was provided to the borrower. (0) The CD issued on [Redacted] increased the Recording Fee without a valid change of circumstance.   Reviewer Comment (2019-03-01): (Redacted) received the required documents, exception cleared.


Buyer Comment (2019-03-01): PCCD,LOX and Label


Reviewer Comment (2019-03-01): Final ALTA Settlement Statement is needed to verify actual fees charged to the Borrower at closing and any credits given to cure.


Buyer Comment (2019-03-01): This fee was cured at closing
 12/XX/2018  1:02:47 AM     1 A 11/XX/2018 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
206257872           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $xxx.xx exceeds tolerance of $xxx.xx plus 10% or $xxx.xx.  Sufficient or excess cure was provided to the borrower. (0) Cure not provided at closing.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.
   12/XX/2018  1:18:56 AM   2 B 11/XX/2018 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
206257872           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Costs Subtotals Seller Paid - At Closing TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed Total Closing Costs (Paid by Seller at Closing) that does not match sum of fees. (Final/[Redacted]) Seller closing disclosure provided in loan file is showing no fee to the seller.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     12/XX/2018  10:06:27 AM 2 B 11/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257874           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.       Reviewer Comment (2019-03-01): Disaster inspection report provided and end date is xx/xx/xxxx.


Buyer Comment (2019-03-01): Please see CDAIR uploaded for your review.
 12/XX/2018  1:51:46 PM     1 A 11/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257874           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. The disclosure was not provided with the documents; the earliest LE was provided on [Redacted] and the application was received on [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  10:28:09 AM 2 B 11/XX/2018 CA Primary Purchase Good faith redisclosure C B C B C B A A Non QM Non QM Yes
206257874           Compliance Compliance Federal Compliance 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 Statement disclose a starting balance of [Redacted]; the CD disclosed [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  10:28:20 AM 2 B 11/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM Yes
206257874           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. The disclosure was not provided with the documents; the earliest LE was provided on [Redacted] and the application was received on [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  10:28:31 AM 2 B 11/XX/2018 CA Primary Purchase Good faith redisclosure C B C B C B A A Non QM Non QM Yes
206257874           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; the borrowers signed on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx CD was received xx/xxxxxx. Exception Cleared.


Buyer Comment (2019-03-01): Please see xx/xx CD tracking uploaded for your review.
 12/XX/2018  7:16:52 AM     1 A 11/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257874           Compliance Compliance Federal Compliance TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (Initial/[Redacted]) The earliest LE was provided on [Redacted] and the application was received on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx LE. Exception Cleared.


Buyer Comment (2019-03-01): Please see xx/x LE uploaded for your review.


Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking. Please upload the xx/xx LE again.


Buyer Comment (2019-03-01): xx/x LE uploaded for your review.


Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx LE was received xx/xx/xxxx however the exception is due to LE not provided within x business days of application date of xx/xx/xxxx. Please provide earliest LE provided if not xx/xx/xxxx.


Buyer Comment (2019-03-01): Please see xx/x LE tracking uploaded for your review.
 12/XX/2018  7:39:02 AM     1 A 11/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257874           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) The final CD disclosed a closing date of [Redacted]; the borrowers signed on [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  10:28:44 AM 2 B 11/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257874           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) The final LE was issued on [Redacted] with no evidence of early receipt; the borrowers signed on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx LE was received xx/xx/xxxx. Exception Cleared.


Buyer Comment (2019-03-01): Please see xx/xx LE tracking uploaded for your review.
 12/XX/2018  7:24:10 AM     1 A 11/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257874           Credit Guideline Guideline Issue The borrower is self-employed.  Guidelines require either a tax professional letter or regulatory agency verifying at least 2 years of self-employment along with either a phone listing and/or business address using directory assistance or internet search to be in file.   Exception for self-employment of x months vs program requirement when a borrower's self-employment income is used to qualify for the loan must have been continually self-employed for two years. No late payments on credit report for the past 70 months (last late 12/2011).  No public records.

Borrower has been in the consulting business for 10 years.Co-borrower is self-employed, XXX XXX for 8 years and has been in the same line of work for the past 10 years.

DTI of 46.45149% is 3.54851% below the program maximum of 50%.

Credit score of 752 is 32 points above the program requirement of 720.

LTV of 77.50% is 7.5% below the program maximum of 85%.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  12:08:49 PM 2 B 11/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206257874           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Added [Redacted]he initial LE did not disclose Loan Discount Points. A change of circumstance is not in file as well. Please provide corresponding COC or provide corrected CD, LOE, Refund Check, and Proof of Delivery to cure.   Reviewer Comment (2019-03-01): (Redacted) received VCC for fee changes.
 12/XX/2018  4:43:38 PM     1 A 11/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257874           Compliance Compliance Federal Compliance 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. Added [Redacted]he initial LE did not disclose Loan Discount Points. A change of circumstance is not in file as well. Please provide corresponding COC or provide corrected CD, LOE, Refund Check, and Proof of Delivery to cure.   Reviewer Comment (2019-03-01): (Redacted) received VCC for fee changes.


Buyer Comment (2019-03-01): COC uploaded for your review.
 12/XX/2018  4:43:38 PM     1 A 11/XX/2018 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
206257877           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing VVOE for verification of employment with [Redacted]   Reviewer Comment (2019-03-01): Wage earner income removed.


Buyer Comment (2019-03-01): xxxx uploaded.


Buyer Comment (2019-03-01): The final income calculator, xxxx, approval and lock have been uploaded. The DTI based on self employed income is xx.xx max for program is xx% based on LTV.


Reviewer Comment (2019-03-01): Borrower's job with XXX is a wage earner job. VVOE required.


Buyer Comment (2019-03-01): Per (Redacted) guidelines, page xx  "Verbal verifications of employment are not required for self-employed borrowers"
 2/XX/2019  1:27:05 PM     1 A 11/XX/2018 FL Investment Refinance - Cash-out - Other   A A A A A A A A N/A N/A No
206257879           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Estimated cost new per appraiser was [Redacted]. [Redacted] coverage of [Redacted] does not meet guides of [Redacted] of estimated cost new.   Reviewer Comment (2019-03-01): RCE provided for dwelling coverage.
 12/XX/2018  2:19:49 PM     1 A 11/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257879           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.29290% or Final Disclosure APR of 7.29900% is in excess of allowable threshold of APOR 4.90% + 1.5%, or 6.40000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  1:41:24 PM 1 A 11/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257879           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 7.29290% or Final Disclosure APR of 7.29900% is in excess of allowable threshold of APOR 4.90% + 1.5%, or 6.40000%.  Compliant Higher Priced Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  1:42:42 PM 1 A 11/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257879           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Final CD did not reflect any amount as exceeding the legal limit.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx COC. Exception Cleared


Buyer Comment (2019-03-01): Uploaded COC
 12/XX/2018  7:13:18 AM     1 A 11/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257879           Compliance Compliance Federal Compliance 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. Increase in Loan Discount Points from [Redacted] exceeded the max allowed without a valid changed circumstance.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx COC. Exception Cleared
 12/XX/2018  7:13:18 AM     1 A 11/XX/2018 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
206257879           Credit Legal / Regulatory / Compliance Title / Lien Defect Title Policy Coverage is less than Original Loan Amount.   Most recent updated preliminary title report in file dated [Redacted] reflected a policy amount of [Redacted] yet loan amount is [Redacted].   Reviewer Comment (2019-03-01): Updated title commitment provided with corrected coverage amount.


Reviewer Comment (2019-03-01): No new information has been provided.
 12/XX/2018  8:38:22 AM     1 A 11/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257879           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower. Missing Anti Steering Disclosure.   Buyer Comment (2019-03-01): waive
     12/XX/2018  9:43:38 AM 2 B 11/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257879           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure [Redacted] 12:00:00 AM was received. (Interim/[Redacted]) Revised LE dated [Redacted] was esigned by the borrowers on [Redacted] which was the same date as the CD dated [Redacted] that was also esigned by the borrowers on [Redacted].   Buyer Comment (2019-03-01): waive
     12/XX/2018  9:43:53 AM 2 B 11/XX/2018 CA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257881           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date.   The policy effective date is [Redacted], however, all the disbursement date disclosed on the final CD is [Redacted].   Reviewer Comment (2019-03-01): Revised HOI policy provided.


Buyer Comment (2019-03-01): Please see REVISED HOI
 12/XX/2018  9:40:58 AM     1 A 11/XX/2018 AZ Primary Purchase   C B C A C B A A Non QM Non QM No
206257881           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Unable to determine what Broker compensation was based upon due to missing LO Compensation Disclosure or similar document.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     12/XX/2018  1:45:15 PM 2 B 11/XX/2018 AZ Primary Purchase   C B C A C B A A Non QM Non QM No
206257881           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) The final CD discloses a closing date and disbursement date of [Redacted], however, the Borrower did not execute the closing documents until [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     12/XX/2018  1:47:12 PM 2 B 11/XX/2018 AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257881           Compliance Compliance Federal Compliance 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.) (Final/ [Redacted]) Neither the borrower's or Seller's CD have any Seller paid fees.   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting seller paid fees and LOE. Exception Cured.


Buyer Comment (2019-03-01): Please see PCCD, LOX and LABEL
   12/XX/2018  4:50:48 PM   1 A 11/XX/2018 AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257883           Credit Income / Employment Income Documentation Income Docs Missing:   Missing letter from CPA as required per guidelines.  Letter in file is from an accountant vs. CPA.  Approved Lender Exception in file. 3 open mortgages dating back to 2004 with only 1 x 30 42 months ago. No public records.

Borrower has self employment stability for 12 years as XXX

4.47 months reserves, 1.47 months > program minimum of 3 months.

765 representative, 45 points > program requirement of 720.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  1:59:34 PM 2 B 11/XX/2018 MI Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257883           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower. Missing copy of Anti Steering Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:14:44 PM 2 B 11/XX/2018 MI Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257883           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.99250% or Final Disclosure APR of 7.99500% is in excess of allowable threshold of APOR 4.87% + 2.5%, or 7.37000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  1:52:20 PM 1 A 11/XX/2018 MI Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257883           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing copy of LO Compensation Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:15:00 PM 2 B 11/XX/2018 MI Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257883           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Final CD did not reflect a dollar amount by which the total costs exceeded the legal limit.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:15:15 PM 2 B 11/XX/2018 MI Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257883           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Initial CD dated [Redacted] was not acknowledged as being received by the borrower x business days prior to consummation date of [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx CD was received xx/xx/xxxx. Exception Cleared.


Buyer Comment (2019-03-01): See attached
 12/XX/2018  4:36:59 PM     1 A 11/XX/2018 MI Primary Refinance - Rate/Term No Defined Cure C B C B C B A A Non QM Non QM No
206257883           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) Revised LE dated [Redacted] was not acknowledged as being received by the borrower a minimum of x business days prior to consummation date of [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx LE was received xx/xx/xxxx. Exception Cleared.


Buyer Comment (2019-03-01): See attached
 12/XX/2018  4:47:01 PM     1 A 11/XX/2018 MI Primary Refinance - Rate/Term No Defined Cure C B C B C B A A Non QM Non QM No
206257883           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Initial LE reflected only 1 appraisal fee yet the final CD shows the borrower paid for a Second Appraisal and a valid changed circumstance is not documented.   Reviewer Comment (2019-03-01): (Redacted) received a blank tracking history from client.  Manually verified UPS tracking #xZxxxRxxxxxxxxxxxx was delivered on xx/xx/xx.


Buyer Comment (2019-03-01): See attached Tracking.


Reviewer Comment (2019-03-01): (Redacted) received corrected CD, LOE, Refund Check, and Shipping Label. The label indicates package has not yet shipped. Please indicate when Proof of Delivery is available to cure.


Buyer Comment (2019-03-01): Please see attached PCCD, Refund Check, Label and LOX.
   12/XX/2018  10:33:47 PM   2 B 11/XX/2018 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 B C B C B A A Non QM Non QM Yes
206257883           Compliance Compliance Federal Compliance 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. Initial LE did not reflect any transfer tax yet the final CD shows a charge of [Redacted] without a valid changed circumstance.   Reviewer Comment (2019-03-01): (Redacted) received  Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD (tracking # xZxxxRxxxxxxxxxxxx).


Buyer Comment (2019-03-01): Please see attached, PCCD, LOX, Refund Check and the Label.


Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx COC indicating a new title company was chosen advising transfer tax was not paid.  Invoices and title commitment in file indicate the title company was chosen as early as xx/xx/xxxx. Please provide corrected CD, LOE, Refund Check, and Proof of Delivery to cure.


Buyer Comment (2019-03-01): Please see attached VCOC
   1/XX/2019  2:38:47 PM   2 B 11/XX/2018 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 B C B C B A A Non QM Non QM Yes
206257885           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.17150% or Final Disclosure APR of 8.17400% is in excess of allowable threshold of APOR 4.90% + 1.5%, or 6.40000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  10:06:55 AM 1 A 11/XX/2018 FL Primary Refinance - Rate/Term   C B C A B B A A Non QM Non QM No
206257885           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing LO Compensation Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  1:40:12 PM 2 B 11/XX/2018 FL Primary Refinance - Rate/Term   C B C A B B A A Non QM Non QM No
206257885           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing documentation of borrowers percentage of business ownership as required per guidelines.   Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): Please see annual report and business directory uploaded which only has the borrower listed as owner.
 12/XX/2018  2:39:20 PM     1 A 11/XX/2018 FL Primary Refinance - Rate/Term   C B C A B B A A Non QM Non QM No
206257889           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] [Redacted]   Reviewer Comment (2019-03-01): XXX (S-Corp) xxxx K-x and xxxxS provided


Reviewer Comment (2019-03-01): Still need XXX (S-Corp) xxxx K-x and xxxxS. CPA letter not needed.


Buyer Comment (2019-03-01): xxxx K-x's have been uploaded.  Please what is meant by CPA xxxx?  A CPA letter would not be required per guidelines for xxxx.


Reviewer Comment (2019-03-01): Missing documentation as follows: (REDACTED) K-x xxxx, xxx (REDACTED) K-x xxxx, (REDACTED) K-x xxxx, xxx (REDACTED) K-x, and CPA xxxx, (REDACTED) xxxx,K-x xxxx, xxx (REDACTED) K-x xxxx


Reviewer Comment (2019-03-01): Per the final xxxx, Schd C income, (REDACTED) Inc and (REDACTED) Inc was used for qualifying. Documentation for all businesses were included in loan file and have to be considered in qualifying, which resulted in negative income for x of the businesses, per the cash flow analysis provided on page xx and Schd E Statement x on page xx. Need complete schedules and K-x's for all pertaining businesses in addition to other documentation specified. Exception remain.


Buyer Comment (2019-03-01): x) Income used:
xxxx SCH C - for  (REDACTED) - $xxxK/xx= $x,xxx
xxxx xxxxS for (REDACTED) INC - Wx $xx,xxx/xx= $x,xxx.xx and Kx $xx,xxx/xx = $x,xxx.xx.
Total income of $xx,xxx.xx


did not use income from other businesses owned by the borrower


Reviewer Comment (2019-03-01): Need all income documentation with all pages for (REDACTED), xxx (REDACTED), (REDACTED) XXX, xxx (REDACTED), (REDACTED) (S-Corp), (REDACTED) (C-corp) Missing CPA letter for xxx (REDACTED), Missing Wx for xxx (REDACTED) (C-corp) and Schedule E for xxx (REDACTED) St and xxx (REDACTED).
 12/XX/2018  3:02:47 PM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257889           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure [Redacted] 12:00:00 AM was received. (Interim/[Redacted]) Revised LE dated [Redacted] was acknowledged as being received by the borrower on [Redacted] which was after the borrower received the CD dated [Redacted] on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx LE was received xx/xx/xxxx. Exception Cleared.
 12/XX/2018  7:39:45 AM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206257889           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure [Redacted] 12:00:00 AM was received. (Interim/[Redacted]) Revised LE dated [Redacted] was acknowledged as being received by the borrower on [Redacted] which is on the same day the borrower acknowledged receiving the initial CD dated [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/XX/2018  3:33:25 PM 2 B 11/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206257889           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) Revised LE dated [Redacted] was not received at least four business days prior to closing.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx LE was received xx/xx/xxxx. Exception Cleared.
 12/XX/2018  7:39:45 AM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206257889           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - REO Schedule E Method Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income (Schedule E Method) using reasonably reliable third-party records. (Non-Subject Investment/Schedule E) Missing income documents, therefore, unable to verify REO using reliable third party records   Reviewer Comment (2019-03-01): Lender provided documentation for S-corp loss used per documents.


Reviewer Comment (2019-03-01): Per the final xxxx, Schd C income, (REDACTED) Inc and (REDACTED) Inc was used for qualifying. Documentation for all businesses were included in loan file and have to be considered in qualifying, which resulted in negative income for x of the businesses, per the cash flow analysis provided on page xx and Schd E Statement x on page xx. Need complete schedules and K-x's for all pertaining businesses in addition to other documentation specified. Exception remain.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): Missing Schedule E for xxx (REDACTED) St and xxx (REDACTED).
 12/XX/2018  2:58:33 PM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257889           Compliance Compliance Federal Compliance NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. ATR failed due to missing income documentation   Reviewer Comment (2019-03-01): Lender provided documentation for S-corp loss used per documents.


Reviewer Comment (2019-03-01): Need all income documentation with all pages for (REDACTED), xxx (REDACTED), (REDACTED) XXX, xxx (REDACTED), (REDACTED) (S-Corp), (REDACTED) (C-corp) Missing CPA letter for xxx (REDACTED), Missing Wx for xxx (REDACTED) (C-corp) and Schedule E for xxx (REDACTED) St and xxx (REDACTED).
 12/XX/2018  2:58:33 PM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257889           Compliance Compliance Federal Compliance 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. ATR fail due to missing income documentation   Reviewer Comment (2019-03-01): Lender provided documentation for S-corp loss used per documents.


Reviewer Comment (2019-03-01): Per the final xxxx, Schd C income, (REDACTED) Inc and (REDACTED) Inc was used for qualifying. Documentation for all businesses were included in loan file and have to be considered in qualifying, which resulted in negative income for x of the businesses, per the cash flow analysis provided on page xx and Schd E Statement x on page xx. Need complete schedules and K-x's for all pertaining businesses in addition to other documentation specified. Exception remain.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): Need all income documentation with all pages for (REDACTED), xxx (REDACTED), (REDACTED) XXX, xxx (REDACTED), (REDACTED) (S-Corp), (REDACTED) (C-corp) Missing CPA letter for xxx (REDACTED), Missing Wx for xxx (REDACTED) (C-corp) and Schedule E for xxx (REDACTED) St and xxx (REDACTED).
 12/XX/2018  2:58:33 PM     1 A 11/XX/2018 NY 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
206257889           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - REO Schedule E Method Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income (Schedule E Method) using reasonably reliable third-party records. (Non-Subject Investment/Schedule E) ATR fail due to missing income documentation   Reviewer Comment (2019-03-01): Lender provided documentation for S-corp loss used per documents.


Reviewer Comment (2019-03-01): Per the final xxxx, Schd C income, (REDACTED) Inc and (REDACTED) Inc was used for qualifying. Documentation for all businesses were included in loan file and have to be considered in qualifying, which resulted in negative income for x of the businesses, per the cash flow analysis provided on page xx and Schd E Statement x on page xx. Need complete schedules and K-x's for all pertaining businesses in addition to other documentation specified. Exception remain.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): Missing Schedule E for xxx (REDACTED) St and xxx (REDACTED).
 12/XX/2018  2:58:33 PM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257889           Compliance Compliance Federal Compliance Income Data was not provided Income Source and Qualifying Monthly Income Amount are required. ([Redacted]) Provide income documentation.   Reviewer Comment (2019-03-01): Income/Loss was not used for (REDACTED) as per statement x attached to xxxx's reflected x. Used loss for (REDACTED) Service per xxxx's, CPA and K-x.


Reviewer Comment (2019-03-01): Per xxxx E&M properties listed as Partnership per Statement x for income or Loss please provide the xxxx for partnership income and or loss.


Reviewer Comment (2019-03-01): Per the final xxxx, Schd C income, (REDACTED) Inc and (REDACTED) Inc was used for qualifying. Documentation for all businesses were included in loan file and have to be considered in qualifying, which resulted in negative income for x of the businesses, per the cash flow analysis provided on page xx and Schd E Statement x on page xx. Need complete schedules and K-x's for all pertaining businesses in addition to other documentation specified. Exception remain.


Buyer Comment (2019-03-01): Please see upload
 12/XX/2018  12:48:10 PM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257889           Compliance Compliance Federal Compliance 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 54.23202% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) Pending additional income documentation.   Reviewer Comment (2019-03-01): Lender provided documentation for S-corp loss used per documents.


Reviewer Comment (2019-03-01): The DTI is xx.xxx% the new updated xxxx/approval/xxxx with business loss does not reflect the negative REO for xxx (REDACTED) in the amount of xxxx.xx.


Reviewer Comment (2019-03-01): Per the final xxxx, Schd C income, (REDACTED) Inc and (REDACTED) Inc was used for qualifying. Documentation for all businesses were included in loan file and have to be considered in qualifying, which resulted in negative income for x of the businesses, per the cash flow analysis provided on page xx and Schd E Statement x on page xx. Need complete schedules and K-x's for all pertaining businesses in addition to other documentation specified. Exception remain.


Buyer Comment (2019-03-01): Please see upload
 12/XX/2018  2:58:33 PM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257889           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Pending additional income documentation.   Reviewer Comment (2019-03-01): Seller provided evidence of rental payment paid by XXX


Reviewer Comment (2019-03-01): The DTI is xx.xxx% the new updated xxxx/approval/xxxx with business loss does not reflect the negative REO for xxx (REDACTED) in the amount of xxxx.xx.


Buyer Comment (2019-03-01): Updated documentation pertaining to Business uploaded for review.


Reviewer Comment (2019-03-01): Per the final xxxx, Schd C income, (REDACTED) Inc and (REDACTED) Inc was used for qualifying. Documentation for all businesses were included in loan file and have to be considered in qualifying, which resulted in negative income for x of the businesses, per the cash flow analysis provided on page xx and Schd E Statement x on page xx. Need complete schedules and K-x's for all pertaining businesses in addition to other documentation specified. Exception remain.


Buyer Comment (2019-03-01): Please see upload
 12/XX/2018  12:29:19 PM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257889           Compliance Compliance Federal Compliance 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. Added 12/XX/18   Reviewer Comment (2019-03-01): Income/Loss was not used for (REDACTED) as per statement x attached to xxxx's reflected x. Used loss for (REDACTED) Service per xxxx's, CPA and K-x.


Reviewer Comment (2019-03-01): Missing the lease and or xxxx/xxxx for xxx (REDACTED).


Reviewer Comment (2019-03-01): Per the final xxxx, Schd C income, (REDACTED) Inc and (REDACTED) Inc was used for qualifying. Documentation for all businesses were included in loan file and have to be considered in qualifying, which resulted in negative income for x of the businesses, per the cash flow analysis provided on page xx and Schd E Statement x on page xx. Need complete schedules and K-x's for all pertaining businesses in addition to other documentation specified. Exception remain.


Buyer Comment (2019-03-01): Please see upload
 12/XX/2018  12:48:10 PM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257889           Compliance Compliance Federal Compliance 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. Missing evidence of Schedule E, Partnership or Lease for[Redacted]. however no loss on Lenders final [Redacted]. Please provide source of income.   Reviewer Comment (2019-03-01): Seller provided evidence of rental payment paid by XXX
 12/XX/2018  12:28:18 PM     1 A 11/XX/2018 NY 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
206257889           Compliance Compliance Federal Compliance 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 61.80999% significantly exceeds the guideline maximum of 50.00%.  (DTI Exception cannot be compensated to a lower grade.) Missing evidence of Schedule E, Partnership or Lease for [Redacted] St. however no loss on Lenders final [Redacted]. Please provide source of income.   Reviewer Comment (2019-03-01): Seller provided evidence of rental payment paid by XXX
 12/XX/2018  12:28:18 PM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257889           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - REO 25% Method Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income (25% Method) using reasonably reliable third-party records. (Non-Subject Investment/25% Vacancy Method) Missing [Redacted] or lease for [Redacted].   Reviewer Comment (2019-03-01): Property paid by business - meets FNMA guides section Bx-x-xx self employed borrower business provided evidence the obligation was paid out of company funds.


Buyer Comment (2019-03-01): Escalation email sent, leases would not be required, property paid by business. Please clear.
 12/XX/2018  1:20:35 PM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257891           Compliance Compliance State Compliance (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) Texas Constitution Section 50(a)(6): Acknowledgment of the Fair Market Value not properly executed by the Lender. Fair market value acknowledge not executed by Lender   Reviewer Comment (2019-03-01): Texas Cash-out Fair Market Acknowledgment Signed By Lender provided.


Buyer Comment (2019-03-01): TX FMV
 12/XX/2018  11:11:59 AM     1 A 11/XX/2018 TX Primary Refinance - Cash-out - Debt Consolidation To Remediate: Lender must either sign the AFMV.  Best practices would be to deliver to the borrower the required disclosure signed by the lender 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 A A Non QM Non QM Yes
206257891           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Evidence of earlier receipt missing from file.  Initial CD not signed by borrower.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx CD was received xx/xx/xxxx. Exception Cleared.


Buyer Comment (2019-03-01): CD Tracking
 12/XX/2018  7:47:52 AM     1 A 11/XX/2018 TX Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B A A C B A A Non QM Non QM No
206257891           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing from file.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception. Chose without comp factor.


Buyer Comment (2019-03-01): Please waive
     12/XX/2018  3:09:44 PM 2 B 11/XX/2018 TX Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
206257891           Compliance Compliance State Compliance (TX50(a)(6)) Texas Cash-out Loan  (Points and Fees Exceeds 2% of Original Principal Balance) Texas Constitution Section 50(a)(6): 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]%.) Points and Fees of [Redacted]% is in excess of the maximum [Redacted] allowed based on the Loan Amount   Reviewer Comment (2019-03-01): CHD cleared


Buyer Comment (2019-03-01): Tolerance Cure on Final CD
 12/XX/2018  11:06:09 AM     1 A 11/XX/2018 TX Primary Refinance - Cash-out - Debt Consolidation 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
206257891           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.99350% or Final Disclosure APR of 8.01200% is in excess of allowable threshold of APOR 4.74% + 1.5%, or 6.24000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  2:34:46 PM 1 A 11/XX/2018 TX Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
206257891           Compliance Compliance State Compliance (TX50(a)(6)) Texas Cash-out Loan  (TX Home Equity Disclosure/Notice Concerning Extensions of Credit Not Provided) Texas Constitution Section 50(a)(6): Revised Notice Concerning Extensions of Credit not provided on TX Home Equity Loan made on or after 1/XX/18. Missing from file.   Reviewer Comment (2019-03-01): Received documentation. Cleared.


Buyer Comment (2019-03-01): xxxx Ext of Credit
 12/XX/2018  11:36:53 AM     1 A 11/XX/2018 TX Primary Refinance - Cash-out - Debt Consolidation 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 A A Non QM Non QM Yes
206257891           Compliance Compliance Federal Compliance 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. [Redacted] cure provided for overages, credit report fee increased without VCC.       12/XX/2018  11:56:12 AM   1 A 11/XX/2018 TX Primary Refinance - Cash-out - Debt Consolidation Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
206257891           Compliance Compliance Federal Compliance 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 increased on the initial CD to [Redacted] from [Redacted] with COC provided for evidence of valid increase.   Reviewer Comment (2019-03-01): Credit Report fee tolerance of $xx.xx was cured at closing.


Buyer Comment (2019-03-01): Please Clear


Reviewer Comment (2019-03-01): Credit Report fee tolerance of $xx.xx was cured at closing.  This exception will be cleared when all the other tolerance cures have been completed.


Buyer Comment (2019-03-01): See Lender credit on Executed CD Line J page x
 12/XX/2018  12:09:48 AM     1 A 11/XX/2018 TX Primary Refinance - Cash-out - Debt Consolidation 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
206257891           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Lender credit tolerance of -[Redacted] is insufficient to cure tolerance exceptions.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation & Corrected Closing Disclosure


Buyer Comment (2019-03-01): This was cured on Final CD
   12/XX/2018  12:10:32 AM   2 B 11/XX/2018 TX Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257891           Compliance Compliance Federal Compliance 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 [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Endorsement increased from [Redacted] on initial CD without evidence of valid COC for increase.   Reviewer Comment (2019-03-01): Upon further review the exception is cleared.  Total fees disclosed on initial LE's, though in different sections did not exceed initial disclosed amount at close.


Buyer Comment (2019-03-01): LE x/xx See Title Endorsement Fee under Section B and C No refund needed


Reviewer Comment (2019-03-01): Cure amount needed $xxx.xx.
 12/XX/2018  2:25:21 PM     1 A 11/XX/2018 TX Primary Refinance - Cash-out - Debt Consolidation 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
206257891           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Fee Terminology TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on [Redacted] did not use the same fee terminology as the Loan Estimate. (Final/[Redacted]) Endorsement fees were disclosed as duplicates, and in different sections.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     12/XX/2018  8:37:54 AM 2 B 11/XX/2018 TX Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257895           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.03020% or Final Disclosure APR of 7.02800% is in excess of allowable threshold of APOR 4.87% + 1.5%, or 6.37000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  4:29:01 PM 1 A 11/XX/2018 FL Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257895           Compliance Compliance Federal Compliance TIL Higher Priced Mortgage Loan Safe Harbor TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. Unable to determine when Borrower was provided a copy of the appraisal. They signed a document at closing confirming they received a copy at least x days prior to closing, however, the appraisal was completed by another Lender and no documentation in file confirms date provided/date of receipt.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:48:18 PM 2 B 11/XX/2018 FL Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257895           Compliance Compliance Federal Compliance 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. The Notice of Special Flood Hazard Determination Disclosure appears to have been provided to the Borrower but there is not record that the Borrower received the disclosure due to missing Borrower signature.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:48:02 PM 2 B 11/XX/2018 FL Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257895           Compliance Compliance Federal Compliance 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. There is no proof in file that the List of Homeownership Counseling Organizations disclosure was provided to the Borrower.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:47:51 PM 2 B 11/XX/2018 FL Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257895           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The valuation in file reflects HOA monthly dues of $[Redacted] which is a total of $[Redacted] calculated over a x year period versus the $[Redacted] figure disclosed on the Final CD.   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the amount of non escrowed property costs over x year and LOE. Exception Cured.
   12/XX/2018  9:55:58 AM   2 B 11/XX/2018 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
206257895           Compliance Compliance Federal Compliance ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. There is no evidence provided in file to confirm Borrower was provided a copy of the ARM Disclosure.   Reviewer Comment (2019-03-01): ARM Disclosure provided.
 12/XX/2018  10:05:53 AM     1 A 11/XX/2018 FL Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206257895           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. There is no evidence provided in file to confirm that Borrower was provided a copy of the CHARM Booklet Disclosure.   Reviewer Comment (2019-03-01): (Redacted) received CHARM Booklet dated xx/xx/xxxx. Exception Cleared.
 12/XX/2018  9:59:07 AM     1 A 11/XX/2018 FL Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206257895           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Borrower's social security income was used for qualifying, however, there was no documentation provided in file to support. The program guidelines require a copy of the award letter or bank statements confirming proof of at least 6 months receipt.   Reviewer Comment (2019-03-01): Award Letter  provided.
 12/XX/2018  11:34:21 AM     1 A 11/XX/2018 FL Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257895           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Demand Feature TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan contains a Demand Feature. (Final/[Redacted]) The final CD does not indicate whether the subject mortgage has a demand feature or not.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:47:41 PM 2 B 11/XX/2018 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
206257895           Compliance Compliance Federal Compliance 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. The credit report fee increased without a valid change of circumstance, however, the Final CD discloses a sufficient cure to Borrower.       12/XX/2018  3:50:10 PM   1 A 11/XX/2018 FL Primary Refinance - Cash-out - Other Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
206257895           Credit Assets Asset Documentation Guideline Issue:Insufficient asset documentation. Financial Institution: [Redacted] / End Date: [Redacted] // Account Type:[Redacted]/ Account Number: [Redacted] Only x months of these account statements was provided while a minimum of x months statements is required per guidelines.   Reviewer Comment (2019-03-01): Removed (REDACTED) IRA Account Number: xxx-x-x and  Stocks/Bonds  Account Number: xx-x-x, not necessary for reserves.


Buyer Comment (2019-03-01): Asset statement used for income calculation under the SP Ax Asset Depletion program which does not require x months documented per guidelines for Investment / Trust accounts(see trailing document).  Loan type is Cash-out Refi - proceeds used towards required reserves.
 12/XX/2018  11:40:44 AM     1 A 11/XX/2018 FL Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257897           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.86100% or Final Disclosure APR of 8.87500% is in excess of allowable threshold of APOR 4.90% + 1.5%, or 6.40000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  10:56:29 AM 1 A 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
206257897           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) New York Subprime Loan: Counseling Disclosure not provided to borrower. Unable to confirm if the New York Subprime Counseling Disclosure was provided to the Borrower due to missing documentation.   Reviewer Comment (2019-03-01): New York Subprime Counseling Disclosure provided
 12/XX/2018  9:54:23 AM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
206257897           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): New York Subprime Counseling Disclosure provided
 12/XX/2018  9:54:23 AM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
206257897           Compliance Compliance Federal Compliance 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 increased without a valid change of circumstance, however, the Final CD discloses a sufficient cure provided to Borrower.       12/XX/2018  12:32:07 PM   1 A 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
206257897           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Final/[Redacted]) The annual premium per the Hazard Declaration page is [Redacted].  The Premium paid on the final CD is [Redacted].  Provide the declaration page for the new renewal policy with updated premium of [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/XX/2018  3:34:49 PM 2 B 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257897           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Negative Fees TRID-RESPA Integrated Disclosure - Final Closing Disclosure provided on 11/XX/2018 disclosed a negative fee amount. (Final/[Redacted) The escrow account with [Redacted] has been rolled over to [Redacted].  The balance is represented as a negative amount on the final CD in the amount of -[Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/XX/2018  3:35:02 PM 2 B 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257897           Compliance Compliance Miscellaneous Compliance Other Compliance Exception (Manual Add)   For a Loan to be eligible for sale to [Redacted], the Loan must have passed a compliance engine query that indicates that the loan complies with all applicable federal, state and local laws and regulations.  Provide the Mavent or Compliance Ease review.  Mavent and ComplianceEase have been preapproved by [Redacted] as acceptable compliance engines and may be used by Lenders to satisfy [Redacted] compliance engine requirement.   Reviewer Comment (2019-03-01): (Redacted) provided.
 12/XX/2018  9:59:04 AM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM Yes
206257897           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. .   Reviewer Comment (2019-03-01): New York Subprime Counseling Disclosure provided
 12/XX/2018  9:55:57 AM     1 A 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
206257897           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan. .   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/XX/2018  10:20:29 AM 2 B 11/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
206257899           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.       Reviewer Comment (2019-03-01): Disaster inspection report provided with end date of xx/xx/xxxx.
 12/XX/2018  2:27:49 PM     1 A 11/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257899           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Approved lender exception doc 0110 for loan amount $[Redacted] vs. program max of [Redacted], Please provide updated exception for loan amount of XXX per Note 24.71 months reserves > 12 months guideline minimum

No public records, no mortgage lates.

Overall expenses decreasing by $3882.00/mo.

36.15387% DTI on this Full documentation loan < 50% guideline max - 13.84613% below program guideline maximum. Borrowers annual income is approximately $1 million		 Reviewer Comment (2019-03-01): Loan amount is $x,xxx,xxx.xx vs program max of $x,xxx,xxx.xx
     12/XX/2018  11:28:54 AM 2 B 11/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257899           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing co-borrower paystub and VVOE.   Reviewer Comment (2019-03-01): paystub and VVOE.provided.
 12/XX/2018  12:27:35 PM     1 A 11/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257899           Compliance Compliance Federal Compliance TILA NMLSR - Originator Company Not Licensed at time of Application Unable to test LO company NMLS license due to missing information. Missing evidence of creditor application date, unable to test NMLS license info.   Reviewer Comment (2019-03-01): Initial app date placed.
 12/XX/2018  12:16:15 PM     1 A 11/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257899           Compliance Compliance Federal Compliance Federal Loan Originator Compensation - Individual LO Not NMLS Licensed at Time of Application Unable to test Loan Originator license due to missing information. Missing evidence of creditor application date, unable to test NMLS license info.   Reviewer Comment (2019-03-01): Initial app date placed.


Buyer Comment (2019-03-01): Uploaded xxxx
 12/XX/2018  12:16:15 PM     1 A 11/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257899           Compliance Compliance Federal Compliance TILA NMLSR - Individual Originator License Status Not Approved Unable to test Individual Loan Originator license status due to missing information. Missing evidence of creditor application date, unable to test NMLS license info.   Reviewer Comment (2019-03-01): Initial app date placed.


Buyer Comment (2019-03-01): Uploaded xxxx
 12/XX/2018  12:16:15 PM     1 A 11/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257899           Compliance Compliance Federal Compliance TILA NMLSR - Originator Company License Status Not Approved Unable to test LO company status due to missing information. Missing evidence of creditor application date, unable to test NMLS license info.   Reviewer Comment (2019-03-01): Initial app date placed.


Buyer Comment (2019-03-01): Uploaded xxxx
 12/XX/2018  12:16:15 PM     1 A 11/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257899           Compliance Compliance Federal Compliance ARM Disclosure Timing Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. Missing evidence of creditor application date, unable to test disclosure timing.   Reviewer Comment (2019-03-01): Initial app date placed.


Buyer Comment (2019-03-01): Uploaded xxxx
 12/XX/2018  12:16:15 PM     1 A 11/XX/2018 CA Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206257899           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Timing Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. Missing evidence of creditor application date, unable to test disclosure timing.   Reviewer Comment (2019-03-01): Initial app date placed.


Buyer Comment (2019-03-01): Uploaded xxxx
 12/XX/2018  12:16:15 PM     1 A 11/XX/2018 CA Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206257899           Compliance Compliance Federal Compliance RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. Missing evidence of creditor application date, unable to test disclosure timing.   Reviewer Comment (2019-03-01): Initial app date placed.


Buyer Comment (2019-03-01): Uploaded xxxx
 12/XX/2018  12:16:15 PM     1 A 11/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257899           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller Change - Total Payoffs TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether there was a change in the Total Payoffs and Payments. (Final/[Redacted]) [Redacted] change from LE to CD, lender marked a changed despite just rounding.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/XX/2018  11:09:02 AM 2 B 11/XX/2018 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
206257899           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Approved lender exception for 639 FICO vs. program min. of 660 (needed for loan amount/LTV). 24.71 months reserves > 12 months guideline minimum

No public records, no mortgage lates.

Overall expenses decreasing by $3882.00/mo.

36.15387% DTI on this Full documentation loan < 50% guideline max - 13.84613% below program guideline maximum. Borrowers annual income is approximately $1 million

Borrower is XXX		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  3:11:31 PM 2 B 11/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257899           Compliance Compliance Federal Compliance 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. ATR fail due to missing B2 paystub/VVOE.   Reviewer Comment (2019-03-01): Paystubs and VVOE provided.
 12/XX/2018  12:26:49 PM     1 A 11/XX/2018 CA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
206257899           Compliance Compliance Federal Compliance General Ability To Repay Provision Employment - W-2 Ability to Repay (Dodd-Frank 2014): Unable to verify current Wages/W-2 employment status using reasonably reliable third-party records. ([Redacted]) ATR fail due to missing B2 paystub/VVOE.   Reviewer Comment (2019-03-01): Paystubs and VVOE provided.
 12/XX/2018  12:26:49 PM     1 A 11/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257899           Compliance Compliance Federal Compliance NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. ATR fail due to missing B2 paystub/VVOE.   Reviewer Comment (2019-03-01): Paystubs and VVOE provided.
 12/XX/2018  12:26:49 PM     1 A 11/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257901           Compliance Compliance Federal Compliance 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 1026.43(c)(5). Lender qualification greater of note rate or fully indexed rate +x.x   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  1:25:17 PM 2 B 11/XX/2018 NC Primary Purchase   C B A A C B A A Non QM Non QM No
206257901           Compliance Compliance State Compliance North Carolina Rate Spread Threshold Test Compliant North Carolina Rate Spread Home Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of APOR x.xx% + 2.5%, or x.xxxxx%.  Compliant Rate Spread Home Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  1:25:26 PM 2 B 11/XX/2018 NC Primary Purchase   C B A A C B A A Non QM Non QM No
206257901           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Prepaid Property Tax Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] did not disclose number of months for Property Tax under Prepaids. (Final/[Redacted]) The number of months is blank on the final CD.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  1:25:35 PM 2 B 11/XX/2018 NC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257901           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. File did not provide evidence that the Home Loan Toolkit was provided to the borrower.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  1:25:42 PM 2 B 11/XX/2018 NC Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257901           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Evidence of earlier receipt missing from file, only CD received.   Reviewer Comment (2019-03-01): .
 12/XX/2018  10:21:00 AM     1 A 11/XX/2018 NC Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257901           Compliance Compliance Federal Compliance 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 $0.00.  Sufficient or excess cure was provided to the borrower at Closing. (7505) The Appraisal Desk Review Fee was added to the final CD without a valid change of circumstance.  A tolerance cure was provided.       12/XX/2018  4:19:01 PM   1 A 11/XX/2018 NC Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
206257901           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.62180% or Final Disclosure APR of 7.62700% is in excess of allowable threshold of APOR 4.90% + 2.5%, or 7.40000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  3:25:29 PM 1 A 11/XX/2018 NC Primary Purchase   C B A A C B A A Non QM Non QM No
206257901           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. .   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:15:10 PM 2 B 11/XX/2018 NC Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257901           Compliance Compliance Federal Compliance TRID Interim Closing Disclosure Timing Irregular Transactions TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on [Redacted] contains a change in APR, loan product or addition of prepayment penalty and was not received by borrower at least three (3) business days prior to consummation Missing valid CoC.   Reviewer Comment (2019-03-01): Initial CD received dated xx/xx/xxxx


Reviewer Comment (2019-03-01): No CD in file dated xx/xx/xx please provided the CD for review. Exception remains open.
 12/XX/2018  2:48:15 PM     1 A 11/XX/2018 NC Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257903           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.08170% or Final Disclosure APR of 8.08600% is in excess of allowable threshold of APOR 4.90% + 2.5%, or 7.40000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  9:01:06 AM 1 A 11/XX/2018 NC Primary Purchase   C B A A C B A A Non QM Non QM No
206257903           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. Esign consent agreement was not in file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  11:05:26 AM 2 B 11/XX/2018 NC Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257903           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. Loan Estimate was not provided in file.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx and xx/xx LE. Exception Cleared.
 12/XX/2018  4:29:13 PM     1 A 11/XX/2018 NC Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206257903           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Pest Inspection Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. The final CD increased the Pest Inspection Fee without a valid change of circumstance.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx and xx/xx LE. Exception Cleared.
 12/XX/2018  4:29:13 PM     1 A 11/XX/2018 NC 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
206257903           Compliance Compliance Federal Compliance 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. The Survey Fee was added to the final CD without a valid change of circumstance.   Reviewer Comment (2019-03-01): Attestation received.  Title - Survey Fee further outsourced by borrower chosen service provider.


Reviewer Comment (2019-03-01): As the fee in question was not disclosed on the LE, the service is not considered shoppable and therefore subject to x% tolerance.  If the borrower-chosen service provider further outsourced the Survey Fee to XXX., we would accept an attestation confirming this. Ideally, the attestation would come from the service provider, but if that cannot be obtained, we would accept one from the lender. 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
 12/XX/2018  3:14:00 PM     1 A 11/XX/2018 NC 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
206257903           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the increases to the Pest Inspection Fee and the Survey Fee.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  11:05:35 AM 2 B 11/XX/2018 NC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257903           Compliance Compliance State Compliance North Carolina Rate Spread Threshold Test Compliant North Carolina Rate Spread Home Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of APOR x.xx% + 2.5%, or x.xxxxx%.  Compliant Rate Spread Home Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  11:05:41 AM 2 B 11/XX/2018 NC Primary Purchase   C B A A C B A A Non QM Non QM No
206257903           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. The disclosure or the Loan Estimate were not provided.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  11:05:52 AM 2 B 11/XX/2018 NC Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM Yes
206257903           Compliance Compliance Federal Compliance 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. Added [Redacted]he Title-Wire fee was not initially disclosed or added with a valid change of circumstance.   Reviewer Comment (2019-03-01): Fee paid to borrowers chosen provider.
 12/XX/2018  4:48:05 PM     1 A 11/XX/2018 NC 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
206257905           Credit Missing Document General Missing Document: Borrower Ability to Repay Attestation not provided       Reviewer Comment (2019-03-01): Borrower Ability to Repay Attestation provided.
 12/XX/2018  10:42:57 AM     1 A 11/XX/2018 NJ Investment Purchase   C B C A B B A A N/A N/A No
206257905           Compliance Compliance Federal Compliance 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 three (3) business days of application or determination of first lien status. The disclosure was provided at the time of the appraisal delivery ([Redacted]); application was received on [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  11:11:12 AM 2 B 11/XX/2018 NJ Investment Purchase   C B C A B B A A N/A N/A No
206257905           Credit Income / Employment Income Documentation The verbal verification of employment was obtained more than 10 days prior to the note date.   Verbal VOE dated [Redacted]; Note dated [Redacted].   Reviewer Comment (2019-03-01): Verbal VOE's provided.
 12/XX/2018  7:44:17 AM     1 A 11/XX/2018 NJ Investment Purchase   C B C A B B A A N/A N/A No
206257907           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) The insurance binder disclosed an annual premium of [Redacted] and the tax certificate disclosed semi-annual taxes of [Redacted] ([Redacted]/year) for a total of [Redacted].  The CD disclosed [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the amount of escrowed property costs over x year and LOE. Exception Cured.


Buyer Comment (2019-03-01): Please see PCCD/LOX/NORTC/Label uploaded for your review.


Reviewer Comment (2019-03-01): (Redacted) received the Final CD The allowable tolerance for the no escrow account field on page four of the CD is $x.xx per month of escrowed costs or $x.xx for xx months. Total disclosed on page four of CD is $xxxx.xx and documentation in images indicates total should be $xxxx.xx ($xxxx.xx for hazard insurance, $xxxx.xx for property taxes).  Letter of Explanation and Corrected CD required to cure.


Buyer Comment (2019-03-01): The final executed CD uploaded disclosed taxes of $xxxx.xx for x months=$xxxx.xx yearly..
   12/XX/2018  3:28:47 PM   2 B 11/XX/2018 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
206257907           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/629824) The final CD disclosed a monthly escrow amount of [Redacted] for insurance.  The evidence of insurance disclosed an annual premium of [Redacted] which calculates to [Redacted]/month.   Reviewer Comment (2019-03-01): (Redacted) received Proof of Delivery coinciding with rescission re opened. Exception Cured.


Buyer Comment (2019-03-01): RTC expired xx/xx, please cure.


Reviewer Comment (2019-03-01): (Redacted) received corrected CD, LOE, Shipping Label and RTC. Please indicate once RTC expires (xx/xx) to cure.


Buyer Comment (2019-03-01): Please see PCCD/LOX/NORTC/Label uploaded for your review.


Reviewer Comment (2019-03-01): Incorrectly waived.


Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
   12/XX/2018  10:42:40 AM   2 B 11/XX/2018 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 C B C B C B A A Non QM Non QM Yes
206257907           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Fixed Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/629824) The total monthly payment disclosed on the final CD is inaccurate due to the discrepancy in the insurance escrow amount.   Reviewer Comment (2019-03-01): (Redacted) received Proof of Delivery coinciding with rescission re opened. Exception Cured.


Buyer Comment (2019-03-01): RTC expired on xx/xx,please cure.


Reviewer Comment (2019-03-01): (Redacted) received corrected CD, LOE, Shipping Label and RTC. Please indicate once RTC expires (xx/xx) to cure.


Buyer Comment (2019-03-01): Please see PCCD/LOX/NORTC/Label uploaded for your review.
   12/XX/2018  10:43:03 AM   2 B 11/XX/2018 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 C B C B C B A A Non QM Non QM Yes
206257907           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Final/[Redacted]) The final CD disclosed a monthly escrow amount of [Redacted] for insurance.  The prepaid amount of [Redacted] calculates to [Redacted]/month.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:55:47 PM 2 B 11/XX/2018 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
206257907           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Property Value TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed an Appraised Property Value that did not match the actual Property Value for the loan. (Final/[Redacted]) The CD disclosed a value of [Redacted] which is the value disclosed on the Desk Review.  The Appraisal disclosed a value of [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:54:59 PM 2 B 11/XX/2018 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
206257907           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller Change - Total Payoffs TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed a Payoff Amount that is not equal to the sum of all payoffs listed in the Payoffs and Payments section. (Final/[Redacted]) The Calculating Cash to Close table disclosed Total Payoffs of [Redacted]; however, Section K/Total Payoffs and Payment disclosed [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:55:09 PM 2 B 11/XX/2018 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
206257907           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Lender approved exception for DTI exceeding program maximum. Borrower has 1 open mortgage and 1 HELOC reporting no lates since inception dated 5/2006 and 7/2007.  No public records.

LTV is 60%, 25% below the program maximum of 85%.

Credit score is 751, 31 points above the program requirement is 720.

Overall monthly payment reduction of approximately $265per month.

Borrower is self-employed as XXX XXX for 25 years.

No late payment on credit report since inception with earliest trade line dated 10/1979.

Reserves are 7 months, 4 months greater than the program requirement of 3 months.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  8:55:04 AM 2 B 11/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257907           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Additional/[Redacted])     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:55:18 PM 2 B 11/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257907           Compliance Compliance Federal Compliance 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 51.82778% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) Lender provided compensating factors. Borrower has 1 open mortgage and 1 HELOC reporting no lates since inception dated 5/2006 and 7/2007.  No public records.

LTV is 60%, 25% below the program maximum of 85%.

Credit score is 751, 31 points above the program requirement is 720.

Overall monthly payment reduction of approximately $265per month.

Borrower is self-employed as XXX XXX for 25 years.

No late payment on credit report since inception with earliest trade line dated 10/1979.

Reserves are 7 months, 4 months greater than the program requirement of 3 months.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  8:57:07 AM 2 B 11/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257915           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. An approved exception was provided, allowing the higher LTV, based on compensating factors of reserves, credit history and length of employment. No late payments on credit report for the past 14 months (last late 8/2017). No public records.

Borrower is self-employed as XXX XXX for 5 years.

Reserves are 7.16 months, 4.16 months > program requirement of 3 months.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  12:03:06 PM 2 B 11/XX/2018 TX Primary Purchase   C B C B C B A A Non QM Non QM No
206257915           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. An approved lender exception is provided based on compensating factors of reserves, credit history and length of employment. No late payments on credit report for the past 14 months (last late 8/2017). No public records.

Borrower is self-employed as XXX XXX \for 5 years.

Reserves are 7.16 months, 4.16 months > program requirement of 3 months.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  12:02:24 PM 2 B 11/XX/2018 TX Primary Purchase   C B C B C B A A Non QM Non QM No
206257915           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Closing Costs Exceeds Limits Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. (Final/[Redacted]) The final CD disclosed a Lender Credit of [Redacted] in Section J on page x; however, the Calculating Cash to Close table on page x disclosed a Lender Credit of [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     12/XX/2018  6:54:12 PM 2 B 11/XX/2018 TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257915           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; the borrower signed on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received the required documents, exception cleared.


Buyer Comment (2019-03-01): Please see ESIGN and CD reflecting CD was sent and received on xx/xx


Reviewer Comment (2019-03-01): Incorrect documents were uploaded - exception remains open.


Buyer Comment (2019-03-01): Please see ESIGN and CD reflecting sent and received on xx/xx
 12/XX/2018  1:10:54 PM     1 A 11/XX/2018 TX Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257915           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.74960% or Final Disclosure APR of 8.77200% is in excess of allowable threshold of APOR 4.96% + 1.5%, or 6.46000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  11:49:38 AM 1 A 11/XX/2018 TX Primary Purchase   C B C B C B A A Non QM Non QM No
206257915           Compliance Compliance Federal Compliance 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 CD issued on [Redacted] increased the Appraisal Fee without a valid change of circumstance.  A tolerance cure was provided.       12/XX/2018  10:42:48 AM   1 A 11/XX/2018 TX Primary Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
206257915           Compliance Compliance Federal Compliance 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 47.85670% moderately exceeds the guideline maximum of 43.00%. (DTI Exception is eligible to be regraded with compensating factors.) Lender exception provided compensating factors. No late payments on credit report for the past 14 months (last late 8/2017). No public records.

Borrower is self-employed as XXX XXX for 5 years.

Reserves are 7.16 months, 4.16 months > program requirement of 3 months.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  12:05:47 PM 2 B 11/XX/2018 TX Primary Purchase   C B C B C B A A Non QM Non QM No
206257917           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.13060% or Final Disclosure APR of 7.13800% is in excess of allowable threshold of APOR 4.89% + 1.5%, or 6.39000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  1:25:38 PM 1 A 11/XX/2018 CT Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
206257917           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Unable to determine what the Broker's compensation was based upon due to missing LO Compensation Disclosure or document of the like.   Reviewer Comment (2019-03-01): LO Compensation (Disclosure) provided.


Buyer Comment (2019-03-01): Anti Steering
 12/XX/2018  12:45:42 PM     1 A 11/XX/2018 CT Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
206257917           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) The Loan Estimate issued on [Redacted] was not signed by the Borrower. The estimated date of receipt is not at least x business days prior to closing.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating receipt on xx/xx/xxxx. Exception Cleared.


Buyer Comment (2019-03-01): Anti Steering,LE Tracking
 12/XX/2018  11:26:37 AM     1 A 11/XX/2018 CT Primary Refinance - Cash-out - Other No Defined Cure C A C A C A A A Non QM Non QM No
206257917           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Transaction Error: Outstanding liens were not paid at closing. Date Issued: [Redacted]/ Relative Sequence Num: <empty> The subject property preliminary title discloses a current mortgage with the People's United Bank as well as a payoff was provided in file, however, the final CD does not indicate the mortgage was paid off. The open mortgage was not reflected in the CLTV.   Reviewer Comment (2019-03-01): Final title does not reflect any other liens to property.


Buyer Comment (2019-03-01): CD Tracking, Final Title
 12/XX/2018  12:43:41 PM     1 A 11/XX/2018 CT Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
206257917           Compliance Compliance State Compliance (State HPML) Connecticut Non-Prime Home Loan (APR Exceeds Non-Prime Threshold) Connecticut Non-Prime Home Loan: APR on subject loan of 7.13060% or Final Disclosure APR of 7.13800% is in excess of allowable threshold of APOR 4.89% + 1.5%, or 6.39000%.  Compliant Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  1:26:47 PM 1 A 11/XX/2018 CT Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
206257917           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) There was no dollar amount disclosed on the Final CD to indicate the amount by which the Total closing costs exceeded the legal limit.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking. The exception is cleared due to borrowing using own provider.
 12/XX/2018  11:38:30 AM     1 A 11/XX/2018 CT Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C A C A C A A A Non QM Non QM Yes
206257917           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The Initial CD was issued on [Redacted], however, it was not signed by the Borrower to confirm receipt. The estimated date of receipt does not give the Borrower at least x business days to review before closing.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating receipt on xx/xx/xxxx. Exception Cleared.


Buyer Comment (2019-03-01): CD Tracking
 12/XX/2018  11:26:37 AM     1 A 11/XX/2018 CT Primary Refinance - Cash-out - Other No Defined Cure C A C A C A A A Non QM Non QM No
206257917           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. The Title - Settlement/Closing/Escrow Fee increased without a valid change of circumstance and no sufficient cure provided to Borrower.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking. The settlement fee was shoppable and borrower did shop therefore no tolerance. Exception Cleared.


Buyer Comment (2019-03-01): See Lender credit Line J on Final CD
 12/XX/2018  11:37:45 AM     1 A 11/XX/2018 CT 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
206257919           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-03-01): Approval provided.
 12/XX/2018  1:38:53 PM     1 A 11/XX/2018 IL Investment Refinance - Cash-out - Other   C A C A A A A A N/A N/A No
206257919           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted]     Reviewer Comment (2019-03-01): Received extension. Cleared.


Reviewer Comment (2019-03-01): Per the guideline uploaded section x.x x page xx "If required tax returns are not available due to filing extension, then the tax returns for the immediate prior year (REDACTED) be used to document income." This being the case since xxxx tax returns being used to qualify. xxxx filing extension is required.


Buyer Comment (2019-03-01): Tax Return Extension is not required per UW guidelines. Please clear.
 12/XX/2018  10:43:26 AM     1 A 11/XX/2018 IL Investment Refinance - Cash-out - Other   C A C A A A A A N/A N/A No
206257919           Credit Property - Appraisal General Appraisal Requirements Subject is a refinance and property is listed for sale. Valuation Type: Appraisal / Valuation Report Date: [Redacted] Additional Comments on page 34 of the Appraisal state that the appraiser spoke to the listing agent on [Redacted] (which is also the report date) to discuss the increase in the listing price.  Documentation not provided to show that the listing was removed.   Reviewer Comment (2019-03-01): Cancellation of listing provided.


Buyer Comment (2019-03-01): Please see uploaded trailing document - Cancelled MLS listing from page xx of original appraisal in closing package. Please clear.
 12/XX/2018  1:38:21 PM     1 A 11/XX/2018 IL Investment Refinance - Cash-out - Other   C A C A A A A A N/A N/A No
206257921           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.49740% or Final Disclosure APR of 7.51400% is in excess of allowable threshold of APOR 4.76% + 1.5%, or 6.26000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  9:25:14 AM 1 A 11/XX/2018 NY Primary Purchase   B B A A B B A A Non QM Non QM No
206257921           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. Esign consent disclosure was not in file   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:16:50 PM 2 B 11/XX/2018 NY Primary Purchase No Defined Cure B B A A B B A A Non QM Non QM No
206257921           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Prepaid Town Property Tax Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] did not disclose number of months for Town Property under Prepaids. (Final/[Redacted]) The number of months was not provided on the Final Closing Disclosure   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:16:56 PM 2 B 11/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
206257921           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller Borrower Paid Cash to Close TILA-RESPA Integrated Disclosure - Costs at Closing: Final Closing Disclosure provided on [Redacted] disclosed Cash to Close in the Costs at Closing Table that does not match the Calculating Cash to Close table. (Final/[Redacted]) Page x of the Final CD dated [Redacted] is missing from the loan file therefore data entry captured from initial CD dated [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:17:03 PM 2 B 11/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
206257921           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:17:11 PM 2 B 11/XX/2018 NY Primary Purchase   B B A A B B A A Non QM Non QM No
206257923           Compliance Compliance Federal Compliance 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.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/XX/2018  5:37:18 PM 2 B 11/XX/2018 CT Primary Purchase   B B A A B B A A Non QM Non QM No
206257923           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.13850% or Final Disclosure APR of 7.15800% is in excess of allowable threshold of APOR 4.94% + 1.5%, or 6.44000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  3:52:05 PM 1 A 11/XX/2018 CT Primary Purchase   B B A A B B A A Non QM Non QM No
206257923           Compliance Compliance State Compliance (State HPML) Connecticut Non-Prime Home Loan (APR Exceeds Non-Prime Threshold) Connecticut Non-Prime Home Loan: APR on subject loan of 7.13850% or Final Disclosure APR of 7.15800% is in excess of allowable threshold of APOR 4.94% + 1.5%, or 6.44000%.  Non-Compliant Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/XX/2018  5:37:28 PM 2 B 11/XX/2018 CT Primary Purchase   B B A A B B A A Non QM Non QM No
206257923           Compliance Compliance State Compliance (State HPML Disclosure) Connecticut Non-Prime Home Loan (Counseling Notice Not Provided) Connecticut Non-Prime Home Loan (HB5577): Counseling Notice (with toll-free number) not provided to borrower.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/XX/2018  5:37:42 PM 2 B 11/XX/2018 CT Primary Purchase   B B A A B B A A Non QM Non QM No
206257923           Credit System General Security Instrument address does not match Note address.   Security instrument address does not match Notes as missing Unit x.   Reviewer Comment (2019-03-01): Corrected document provided.
 12/XX/2018  12:14:36 PM     1 A 11/XX/2018 CT Primary Purchase   B B A A B B A A Non QM Non QM No
206257923           Credit System General 1003 Subject Address does not match Note address.   Final [Redacted] address does not match Notes as missing Unit x.   Reviewer Comment (2019-03-01): Corrected document provided.


Buyer Comment (2019-03-01): Please see upload
 12/XX/2018  12:14:44 PM     1 A 11/XX/2018 CT Primary Purchase   B B A A B B A A Non QM Non QM No
206257923           Credit System General Flood Certificate Subject Address does not match Note address.   Flood Cert  address does not match Notes as missing Unit x.   Reviewer Comment (2019-03-01): Corrected document provided.
 12/XX/2018  12:14:52 PM     1 A 11/XX/2018 CT Primary Purchase   B B A A B B A A Non QM Non QM No
206257923           Credit System General AUS/Approval Subject Address does not match Note address.   Approval address does not match Notes as missing Unit[Redacted]   Reviewer Comment (2019-03-01): Corrected document provided.
 12/XX/2018  12:15:00 PM     1 A 11/XX/2018 CT Primary Purchase   B B A A B B A A Non QM Non QM No
206257923           Credit System General Valuation address does not match Note address. Valuation Type: Desk Review / Valuation Report Date: [Redacted] Desk review address does not match Notes as missing Unit x.   Reviewer Comment (2019-03-01): Corrected document provided.
 12/XX/2018  12:16:59 PM     1 A 11/XX/2018 CT Primary Purchase   B B A A B B A A Non QM Non QM No
206257923           Credit System General Closing Disclosure Subject Address does not match Note address. Date Issued: [Redacted] / Relative Sequence Num: <empty>, Date Issued: [Redacted] / Relative Sequence Num: <empty> CD dated [Redacted] and [Redacted] address does not match Notes as missing Unit 9.   Reviewer Comment (2019-03-01): Corrected document provided.


Buyer Comment (2019-03-01): Please see upload
 12/XX/2018  12:15:07 PM     1 A 11/XX/2018 CT Primary Purchase   B B A A B B A A Non QM Non QM No
206257925           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy.   No lender exception in file, max LTV for any investment prop. pur[Redacted] program is [Redacted].   Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): This was approved on xx/x prior to any changes (consolidation of programs). Please clear


Reviewer Comment (2019-03-01): Per guide, Investment Property has a max LTV of xx% for a score of xxx. Borrower score is xxx.


Buyer Comment (2019-03-01): Please clear


Buyer Comment (2019-03-01): Purchase and Rate & Term Refinance:  
 
xxx minimum Credit Score:
xx% LTV to $x,xxx,xxx
xx% LTV to $x,xxx,xxx
 
xxx minimum Credit Score:
xx% LTV to $xxx,xxx
xx% LTV to $x,xxx,xxx  
xx% LTV to $x,xxx,xxx
xx% LTV to $x,xxx,xxx
xx% LTV to $x,xxx,xxx
 12/XX/2018  10:23:57 AM     1 A 11/XX/2018 NY Investment Purchase   C A C A A A A A N/A N/A No
206257927           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing Nov. [Redacted] and Jan. [Redacted] statements for [Redacted]Bank acct. [Redacted] used for income analysis.   Reviewer Comment (2019-03-01): Nov. xxxx and Jan. xxxx statements in file.


Buyer Comment (2019-03-01): Uploaded For Review: Bank statement for Jan xxxx
 12/XX/2018  9:54:32 AM     1 A 11/XX/2018 FL Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257927           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  9:00:13 AM 2 B 11/XX/2018 FL Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257927           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) Loan is an Assumable ARM product, CD indicates not assumable   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  9:00:24 AM 2 B 11/XX/2018 FL Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257927           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Captured as disclosed, [Redacted], insufficient cure provided for overages.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  9:00:36 AM 2 B 11/XX/2018 FL Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257927           Compliance Compliance Federal Compliance 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. Broker fee increased without VCC, insufficient cure provided.   Reviewer Comment (2019-03-01): VCC provided for loan amount increase.


Buyer Comment (2019-03-01): Uploaded  For Review: COC
 12/XX/2018  12:17:27 PM     1 A 11/XX/2018 FL 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 B C B A A Non QM Non QM Yes
206257927           Compliance Compliance Federal Compliance 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 taxes increased without VCC, insufficient cure provided.   Reviewer Comment (2019-03-01): VCC provided for loan amount increase which supports increase in Florida transfer taxes which is based on face amount on Note.


Buyer Comment (2019-03-01): Uploaded For Review: COC
 12/XX/2018  12:19:52 PM     1 A 11/XX/2018 FL 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 B C B A A Non QM Non QM Yes
206257927           Compliance Compliance Federal Compliance 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 [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Endorsement fees increased without VCC, insufficient cure provided.   Reviewer Comment (2019-03-01): (Redacted) received an attestation for fee was required by Borrowers chosen provider.


Buyer Comment (2019-03-01): Borrower shopped,  why is there a Zero% tolerance applied?


Buyer Comment (2019-03-01): Please advise of refund due including the $xx credit reflected on CD.
 12/XX/2018  5:37:21 PM     1 A 11/XX/2018 FL 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 B C B A A Non QM Non QM Yes
206257927           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Approved lender exception doc 0367 for 7 months reserves vs. program requirement of 12 months. Borrower has no late payments on all accounts listed on credit report.

Long Established condo, project first marketed in 2002, No single entity owns more than 15% and no commercial space in the project

Borrower is a XXX

Credit score is 778, 58 points > program requirement of 720		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  2:12:37 PM 2 B 11/XX/2018 FL Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257927           Credit Credit Miscellaneous Credit Exception:   Approved lender exception doc 0367 to accept 5 months of mortgage payments due to litigation between borrower and wrap-around lender. Borrower has no late payments on all accounts listed on credit report.

Long Established condo, project first marketed in 2002, No single entity owns more than 15% and no commercial space in the project

Borrower is XXX

Credit score is 778, 58 points > program requirement of 720		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  2:12:46 PM 2 B 11/XX/2018 FL Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257929           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.21210% or Final Disclosure APR of 8.21400% is in excess of allowable threshold of APOR 4.98% + 1.5%, or 6.48000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  3:59:08 PM 1 A 11/XX/2018 NJ Primary Purchase   B B A A B B A A Non QM Non QM No
206257929           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing evidence borrower was provided the LO Compensation Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:31:54 PM 2 B 11/XX/2018 NJ Primary Purchase   B B A A B B A A Non QM Non QM No
206257931           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage of [Redacted] does not cover loan amount of [Redacted] (meets [Redacted] of the estimated cost new) please provided updated policy or replacement cost estimate.   Reviewer Comment (2019-03-01): Replacement Cost Estimator provided.


Buyer Comment (2019-03-01): Please see REPLACEMENT COST ESTIMATE
 12/XX/2018  8:31:38 AM     1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257931           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.94730% or Final Disclosure APR of 7.00300% is in excess of allowable threshold of APOR 5.01% + 1.5%, or 6.51000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  2:25:48 PM 1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257931           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     12/XX/2018  9:51:08 AM 2 B 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257931           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Provided on [Redacted]   Reviewer Comment (2019-03-01): .


Buyer Comment (2019-03-01): Please see ESIGN, CD reflecting was sent on xx/xx and received on xx/xx
 12/XX/2018  8:44:43 AM     1 A 12/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257931           Compliance Compliance Federal Compliance TRID Interim Closing Disclosure Timing Irregular Transactions TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on [Redacted] contains a change in APR, loan product or addition of prepayment penalty and was not received by borrower at least three (3) business days prior to consummation CoC not provided.   Reviewer Comment (2019-03-01): E-signed CD received


Buyer Comment (2019-03-01): Please see ESIGN, CD x reflecting sent and received on xx/xx


Reviewer Comment (2019-03-01): (Redacted) received the closing calculator.  There are x Initial CD's in the loan file with issue date of xx/xx/xxxx.  Please provide evidence of receipt for the Initial CD that shows $xxx,xxx.xx as Cash to Close.


Buyer Comment (2019-03-01): Please see TRID CLOSING DATE CALCULATOR reflecting earliest closing date is xx/x; Please see NOTE reflecting loan closed on xx/x
 12/XX/2018  3:10:47 PM     1 A 12/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257933           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): waive
     12/XX/2018  12:14:57 PM 2 B 11/XX/2018 FL Second Home Purchase   C B C B C B A A Non QM Non QM No
206257933           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The Appraisal disclosed monthly HOA fee of [Redacted] for [Redacted]/year.  The CD disclosed [Redacted].   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure provided.
   12/XX/2018  9:46:51 AM   2 B 11/XX/2018 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257933           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; the borrower signed on [Redacted].   Reviewer Comment (2019-03-01): Initial CD provided with e-signature
 12/XX/2018  9:46:25 AM     1 A 11/XX/2018 FL Second Home Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257933           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.     Buyer Comment (2019-03-01): waive
     12/XX/2018  12:15:07 PM 2 B 11/XX/2018 FL Second Home Purchase   C B C B C B A A Non QM Non QM No
206257933           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted]     Reviewer Comment (2019-03-01): VVOE provided.


Reviewer Comment (2019-03-01): VVOE is for wage earner job with XXX.


Buyer Comment (2019-03-01): Bank Statement were provided so VVOE not required as borrower is self employed
 12/XX/2018  11:49:02 AM     1 A 11/XX/2018 FL Second Home Purchase   C B C B C B A A Non QM Non QM No
206257933           Credit Insurance Insurance Documentation The Blanket Coverage for a Condo does not meet guidelines.   Fidelity Bond coverage is $[Redacted] vs program requirement that the Fidelity Bond be x months of HOA assessments ([Redacted]/x = [Redacted] or $[Redacted]).  Lender approved exception. Borrower is self-employed XXX XXX for the past 2 years, 9 months.

Reserves are 58 months, 55 months above the program requirement of 3 months.

Credit score of 694 is 54 points above the program requirement of 3 months.  No public records.

Project first marketed in November 2017, no commercial space, no litigation in the project and only 4% delinquent homeowner's association dues.		 Reviewer Comment (2019-03-01): Lender approved exception for Fidelity Bond coverage is $xx,xxx vs program requirement that the Fidelity Bond be x months of HOA assessments ($xxx,xxx.xx/x = $xx,xxx.xx or $xx,xxx).
     12/XX/2018  3:21:39 PM 2 B 11/XX/2018 FL Second Home Purchase   C B C B C B A A Non QM Non QM No
206257935           Credit Assets Asset Documentation Missing Document: Asset Documentation not provided   Guidelines require a letter from a CPA documenting impact on business use of funds, however, letter in file is from an attorney.  Approved Lender Exception in file. 5.94695% DTI on this Alt documentation loan < 50% guideline max - 44.05305% below program guideline maximum

Guideline variance approved by lender at time of origination. Borrower is XXX XXX for the past 10 years.

Guideline variance approved by lender at time of origination. Credit sore is 649, 9 points > program requirement of 640		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  2:09:58 PM 2 B 11/XX/2018 PA Primary Purchase   C B C B B B A A Non QM Non QM No
206257935           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] File is missing [Redacted] of [Redacted] required Business Bank Statements for program Ax   Reviewer Comment (2019-03-01): A full xx months bank statements have been provided for review.


Buyer Comment (2019-03-01): Please see the most recent xx months of bank statements uploaded for you review.
 12/XX/2018  12:41:15 PM     1 A 11/XX/2018 PA Primary Purchase   C B C B B B A A Non QM Non QM No
206257935           Compliance Compliance Federal Compliance 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 three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:Primary/[Redacted]) Evidence of when borrower was provided a copy of the appraisal report was missing from the loan file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:19:29 PM 2 B 11/XX/2018 PA Primary Purchase   C B C B B B A A Non QM Non QM No
206257935           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing evidence borrower was provided a copy of the LO Compensation Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:19:43 PM 2 B 11/XX/2018 PA Primary Purchase   C B C B B B A A Non QM Non QM No
206257935           Compliance Compliance Federal Compliance TRID Closing Disclosure Total Closing Costs Exceeds Limits Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Closing Disclosure provided on [Redacted] disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. (Initial/[Redacted]) Page x of the CD reflects $[Redacted] that exceeds the legal limit yet page x does not indicate any amount that exceeded the legal limit.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:20:04 PM 2 B 11/XX/2018 PA 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 B B A A Non QM Non QM Yes
206257935           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Closing Costs Exceeds Limits Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. (Final/[Redacted]) Page x of the CD reflects $[Redacted] that exceeds the legal limit yet page x does not indicate any amount that exceeded the legal limit.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:20:15 PM 2 B 11/XX/2018 PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
206257935           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Page x of the CD reflects $[Redacted] that exceeds the legal limit yet page x does not indicate any amount that exceeded the legal limit.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:20:29 PM 2 B 11/XX/2018 PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
206257935           Credit Assets Asset Calculation / Analysis Available for Closing is insufficient to cover Cash From Borrower.   [Redacted]   Reviewer Comment (2019-03-01): bank statements for account # xxxx provided.


Buyer Comment (2019-03-01): Please see bank statements for account # xxxx uploaded for your review.


Reviewer Comment (2019-03-01): Missing (REDACTED) account #xxxx. Exception remains.


Buyer Comment (2019-03-01): The qualifying assets total $xxx,xxx.xx:
(REDACTED) # xxxx Balance: $xx,xxx.xx
(REDACTED) # xxxx Balance: $xxxxx.xx
(REDACTED) # xxxx Balance: $xxxxx.xx
 12/XX/2018  8:17:43 AM     1 A 11/XX/2018 PA Primary Purchase   C B C B B B A A Non QM Non QM No
206257935           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.82920% or Final Disclosure APR of 7.83200% is in excess of allowable threshold of APOR 4.98% + 1.5%, or 6.48000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  2:12:51 PM 1 A 11/XX/2018 PA Primary Purchase   C B C B B B A A Non QM Non QM No
206257935           Compliance Compliance Federal Compliance 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. Initial LE reflects an appraisal fee of $[Redacted] yet the final CD shows a fee of $[Redacted].       12/XX/2018  1:25:26 PM   1 A 11/XX/2018 PA Primary Purchase Final CD evidences Cure C B C B B B A A Non QM Non QM Yes
206257935           Credit Property - Appraisal Property Eligibility - Subject and Improvements Guideline Issue:  Property type not allowed per credit guidelines   Subject is a log home which is ineligible per guides. Lender approved exception. 5.94695% DTI on this Alt documentation loan < 50% guideline max - 44.05305% below program guideline maximum

Guideline variance approved by lender at time of origination. Borrower is XXX XXX, for the past 10 years.

Guideline variance approved by lender at time of origination. Credit sore is 649, 9 points > program requirement of 640		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  1:30:11 PM 2 B 11/XX/2018 PA Primary Purchase   C B C B B B A A Non QM Non QM No
206257937           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Dwelling coverage on subject is insufficient by [Redacted]. As guides require cover of note and [Redacted] of the estimated cost new ([Redacted] x [Redacted] = [Redacted])   Reviewer Comment (2019-03-01): RCE provided.
 12/XX/2018  8:58:55 AM     1 A 11/XX/2018 FL Investment Purchase   C B C A B B A A N/A N/A No
206257937           Compliance Compliance Federal Compliance 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 three (3) business days of application or determination of first lien status. Evidence of earlier receipt missing from file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:07:31 PM 2 B 11/XX/2018 FL Investment Purchase   C B C A B B A A N/A N/A No
206257937           Credit Property - Appraisal Appraisal Documentation Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. Valuation Type: Appraisal / Valuation Report Date: [Redacted] Completion Report missing from file.   Reviewer Comment (2019-03-01): xxxxD/xxx was provided.
 12/XX/2018  10:40:13 AM     1 A 11/XX/2018 FL Investment Purchase   C B C A B B A A N/A N/A No
206257939           Credit Missing Document General Missing Document: Borrower Ability to Repay Attestation not provided   Missing evidence of the borrower's receipt of the Ability to Repay Attestation.   Reviewer Comment (2019-03-01): Received documentation. Cleared.
 12/XX/2018  12:08:34 PM     1 A 11/XX/2018 FL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257939           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Missing evidence of the borrower's receipt of the Right to Receive a copy of the Appraisal Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:15:45 PM 2 B 11/XX/2018 FL Primary Refinance - Cash-out - Other Good faith redisclosure C B C B C B A A Non QM Non QM Yes
206257939           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Missing evidence of the borrower's receipt of the Servicing Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:15:39 PM 2 B 11/XX/2018 FL Primary Refinance - Cash-out - Other Good faith redisclosure C B C B C B A A Non QM Non QM Yes
206257939           Compliance Compliance Federal Compliance 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. Missing evidence of the borrower's receipt of the List of Homeownership Counseling Organizations.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:15:33 PM 2 B 11/XX/2018 FL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257939           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. Missing evidence of the borrower's receipt of the Loan Estimate.   Reviewer Comment (2019-03-01): Received LE. Cleared.
 12/XX/2018  12:07:17 PM     1 A 11/XX/2018 FL Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206257939           Compliance Compliance Federal Compliance ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. Missing evidence of the borrower's receipt of the ARM Disclosure.   Reviewer Comment (2019-03-01): ARM Disclosure provided
 12/XX/2018  8:34:24 AM     1 A 11/XX/2018 FL Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206257939           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Primary/[Redacted]) Email in file reflects copies of both appraisals were sent to the borrower on [Redacted]. No verification of borrower receipt, therefore received date is [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:15:26 PM 2 B 11/XX/2018 FL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257939           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Secondary/[Redacted]) Email in file reflects copies of both appraisals were sent to the borrower on [Redacted]. No verification of borrower receipt, therefore received date is [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:15:00 PM 2 B 11/XX/2018 FL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257939           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (Final/[Redacted]) Disclosure reflects TIP of [Redacted]) but calculated TIP is [Redacted]).  Used Index Value = ([Redacted]) per (Approval and Rate Lock) document in file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:14:50 PM 2 B 11/XX/2018 FL Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257939           Credit Credit Miscellaneous Credit Exception:   Please provide verification that [Redacted]for [Redacted] dated [Redacted] reflected on the credit report is not real estate secured. Subject to re-qualification.   Reviewer Comment (2019-03-01): Statement provided reflects Personal Line of Credit.


Buyer Comment (2019-03-01): Please see trailing document.
 12/XX/2018  12:27:31 PM     1 A 11/XX/2018 FL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257939           Credit Credit Credit Calculation / Analysis Guideline Issue:  Insufficient tradelines per credit guidelines   Lender approved exception to allow Credit report shows one open tradeline active and many inactive tradelines within the last [Redacted] months vs program minimum requirement of x active tradelines and x inactive tradeline within the last [Redacted] months reporting for at least [Redacted] months. Please provide updated approved Lender Exception as DTI reflected is [Redacted] and per documentation in file, calculated DTI is [Redacted]. No credit late payments in the past 55 months (since 4/2014) and no public records

DTI is 43.08810%, 6.9119% < program maximum of 50%

Reserves are 110% of loan amount plus 126 months, 120 months > program requirement of 110% of loan amount plus 6 months

Credit score is 748, 28 points > program requirement of 720

LTV is 54.795%, .205% < program maximum of 55%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  4:13:13 PM 2 B 11/XX/2018 FL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206257939           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. SSPL is missing from file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:13:22 PM 2 B 11/XX/2018 FL Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206257943           Credit Missing Document General Missing Document: Borrower Ability to Repay Attestation not provided   Loan program guidelines require that the Borrower Attestation ATR-[Redacted] is completed by the Borrower and provided with every file under loan program [Redacted], however, this document was missing from file.   Reviewer Comment (2019-03-01): Borrower Ability to Repay Attestation provided
 12/XX/2018  10:36:18 AM     1 A 11/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257943           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. There is no evidence in file confirming Borrower was provided the Right to Receive a Copy of the Appraisal Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  7:27:04 PM 2 B 11/XX/2018 FL Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM Yes
206257943           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. There is no evidence in file to confirm that Borrower was provided with the Servicing Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  7:26:56 PM 2 B 11/XX/2018 FL Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM Yes
206257943           Compliance Compliance Federal Compliance 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. There is no evidence in file to confirm Borrower was provided a copy of the List of Homeownership Counseling Organizations disclosure or that there was at least [Redacted] organizations listed.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  7:26:49 PM 2 B 11/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257943           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. There was no evidence in file to confirm the Borrower was provided the Your Home Loan Toolkit Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  7:26:43 PM 2 B 11/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257943           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. There were no Loan Estimates provided in file.   Reviewer Comment (2019-03-01): Loan Estimate provided
 12/XX/2018  10:34:39 AM     1 A 11/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257943           Compliance Compliance Federal Compliance TRID Seller Closing Disclosure TILA-RESPA Integrated Disclosure:  Seller Closing Disclosure not located in the file. (Final/[Redacted]) The Seller's Closing Disclosure was not provided in file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  7:26:35 PM 2 B 11/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257943           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Partial Payments TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Partial Payments. (Final/[Redacted]) The Final CD discloses that the Lender may accept partial payments but also that it does not accept partial payments.   Reviewer Comment (2019-03-01): incorrect input
 12/XX/2018  10:37:55 AM     1 A 11/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257943           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. .   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  11:17:20 AM 2 B 11/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257943           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. .   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  11:17:27 AM 2 B 11/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257945           Credit 1003 Document Error Borrower(s) is not a U.S. Citizen, and the guideline required documentation was not provided.   [Redacted]   Reviewer Comment (2019-03-01): Passport in file states US for nationality.
 12/XX/2018  9:55:11 AM     1 A 11/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257945           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.72010% or Final Disclosure APR of 7.72500% is in excess of allowable threshold of APOR 5.01% + 1.5%, or 6.51000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) received the LEs. Exception Cleared.
 12/XX/2018  1:22:29 PM     1 A 11/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257945           Compliance Compliance Federal Compliance 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 1026.43(c)(5). Used method for Interest Only loan from Investor Guidelines, Base Rate + [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): Unable to clear, exception is an EV2 for lenders qualification versus QM method.


Buyer Comment (2019-03-01): How do we clear?
     12/XX/2018  2:15:17 PM 2 B 11/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257945           Compliance Compliance Federal Compliance 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 three (3) business days of application. The disclosure was provided at closing.   Reviewer Comment (2019-03-01): Initial Affiliated Business Arrangement Disclosure provided
 12/XX/2018  9:57:48 AM     1 A 11/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257945           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. The disclosure was provided at closing.   Reviewer Comment (2019-03-01): Initial ARM Disclosure provided
 12/XX/2018  9:55:55 AM     1 A 11/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257945           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) The initial CD was provided at closing.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx CD received the same day. Exception Cleared.
 12/XX/2018  1:59:36 PM     1 A 11/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257945           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. The Loan Estimate was not provided with the documents.   Reviewer Comment (2019-03-01): (Redacted) received the LEs. Exception Cleared.
 12/XX/2018  1:22:29 PM     1 A 11/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257945           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Neither the disclosure nor the Loan Estimate were provided.   Reviewer Comment (2019-03-01): (Redacted) received the LEs. Exception Cleared.
 12/XX/2018  1:22:29 PM     1 A 11/XX/2018 FL Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM Yes
206257945           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - HPML Status HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Neither the disclosure nor the Loan Estimate were provided.   Reviewer Comment (2019-03-01): (Redacted) received the LEs. Exception Cleared.
 12/XX/2018  1:22:29 PM     1 A 11/XX/2018 FL Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM No
206257945           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Neither the disclosure nor the Loan Estimate were provided.   Reviewer Comment (2019-03-01): (Redacted) received the LEs. Exception Cleared.
 12/XX/2018  1:22:29 PM     1 A 11/XX/2018 FL Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM Yes
206257945           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.72010% or Final Disclosure APR of 7.72500% is in excess of allowable threshold of APOR 5.01% + 1.5%, or 6.51000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  9:14:39 AM 1 A 11/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206257945           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) [Redacted] received initial LEs. The [Redacted] COC does not indicate a valid reason to add the Appraisal Desk Review Fee. Please provide corrected CD, LOE, Refund Check, and Proof of Delivery to cure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/XX/2018  2:15:27 PM 2 B 11/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257945           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. [Redacted] received initial LEs. Please provide list of providers to determine if exception can be cleared.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/XX/2018  2:15:40 PM 2 B 11/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206257945           Compliance Compliance Federal Compliance 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 $0.00.  Insufficient or no cure was provided to the borrower. (7505) [Redacted] received initial LEs. The [Redacted] COC does not indicate a valid reason to add the Appraisal Desk Review Fee. Please provide corrected CD, LOE, Refund Check, and Proof of Delivery to cure.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.
   12/XX/2018  4:21:51 PM   2 B 11/XX/2018 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
206257945           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $[Redacted] exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower. (7505)     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/XX/2018  1:26:34 PM 2 B 11/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM Yes
206257947           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy.   Cashier's check for earnest money deposit paid for with cash so not included in available assets. No public records or derogatory credit.

Borrower has been XXX the XXX for the past 3.61 years in the profession  for the past 20 years

30.089% DTI on this Alt documentation loan < 43% guideline max - 12.911% below program guideline maximum

797 representative FICO score > 720 guideline minimum - 77 points above guideline minimum		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.


Reviewer Comment (2019-03-01): Incorrectly cleared as unsourced EMD used for x,xxx


Reviewer Comment (2019-03-01): Earnest money deposit added to assets for closing costs.
     12/XX/2018  3:33:49 PM 2 B 12/XX/2018 AZ Primary Purchase   C B C B C B A A Non QM Non QM No
206257947           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.       Reviewer Comment (2019-03-01): Hazard Insurance policy with  "Lender its successors and assigns" provided.
 12/XX/2018  1:00:17 PM     1 A 12/XX/2018 AZ Primary Purchase   C B C B C B A A Non QM Non QM No
206257947           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.81190% or Final Disclosure APR of 7.87600% is in excess of allowable threshold of APOR 5.01% + 1.5%, or 6.51000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  1:30:06 PM 1 A 12/XX/2018 AZ Primary Purchase   C B C B C B A A Non QM Non QM No
206257947           Compliance Compliance Federal Compliance 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 1026.43(c)(5). Used Qualification Method of Base Rate + [Redacted] from Investor Guidelines.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  2:25:19 PM 2 B 12/XX/2018 AZ Primary Purchase   C B C B C B A A Non QM Non QM No
206257947           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. The file did not provide evidence that the Home Loan Toolkit was provided to the borrower.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  2:25:25 PM 2 B 12/XX/2018 AZ Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257947           Compliance Compliance Federal Compliance ARM Disclosure Prior to Closing Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower at least three (3) days prior to consummation for a loan that did not start as an ARM. The ARM disclosure was provided at closing.   Reviewer Comment (2019-03-01): ARM disclosure was provided


Buyer Comment (2019-03-01): ARM Discl dated xx/xx/xx uploaded
 12/XX/2018  1:04:35 PM     1 A 12/XX/2018 AZ Primary Purchase   C B C B C B A A Non QM Non QM No
206257947           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. The file did not provide evidence that the CHARM booklet was provided to the borrower.   Reviewer Comment (2019-03-01): Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, provided.
 12/XX/2018  1:04:35 PM     1 A 12/XX/2018 AZ Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257947           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] No proof od percentage of borrowers ownership in business as required per guides.   Reviewer Comment (2019-03-01): Business lic information provided.


Buyer Comment (2019-03-01): AZ SoS shows borrower as sole registered agent. See trailing document.
 12/XX/2018  1:00:50 PM     1 A 12/XX/2018 AZ Primary Purchase   C B C B C B A A Non QM Non QM No
206257947           Credit Credit Miscellaneous Credit Exception:   VOR indicates borrower has paid rent on time since August [Redacted] when new owner acquired the complex. Records not available from previous owner. Per borrower rent is paid with money orders/cash and unable to document [Redacted] months timely  housing payment. Lender approved. No public records or derogatory credit.

Borrower has been XXX the XXX for the past 3.61 years in the profession  for the past 20 years

30.089% DTI on this Alt documentation loan < 43% guideline max - 12.911% below program guideline maximum

797 representative FICO score > 720 guideline minimum - 77 points above guideline minimum		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  3:34:09 PM 2 B 12/XX/2018 AZ Primary Purchase   C B C B C B A A Non QM Non QM No
206257949           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date.   HOI effective date x days after note date.   Reviewer Comment (2019-03-01): Updated Hazard Insurance Policy with  Effective Date of xx/xx/xxxx provided.


Buyer Comment (2019-03-01): Please see attached revised dec page
 12/XX/2018  11:36:40 AM     1 A 11/XX/2018 FL Investment Purchase   C B C A B B A A N/A N/A No
206257949           Compliance Compliance Federal Compliance 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 three (3) business days of application or determination of first lien status. Evidence of earlier receipt missing from file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:27:44 PM 2 B 11/XX/2018 FL Investment Purchase   C B C A B B A A N/A N/A No
206257951           Credit Credit Miscellaneous Credit Exception:   Lender approved exception doc [Redacted] for [Redacted] investor concentration (x out of [Redacted] units) vs. program max of [Redacted]. 40.11420%% DTI vs. program max of 50%.

Guideline variance approved by lender at time of origination. Borrower is a XXX for the past 3 years, 6 months and in the profession for the past 4 years.

Credit score is 795, 75 points > program requirement of 720.

Long established condo first marketed in 1986. All units are current on the HOA Dues, no pending litigation in the project.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  10:26:32 AM 2 B 12/04/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257951           Credit Insurance Insurance Documentation The Blanket Coverage for a Condo does not meet guidelines.   Lender approved exception doc [Redacted] for project co-insurance with [Redacted] coverage vs. program requirement of [Redacted] coverage. 40.11420%% DTI vs. program max of 50%.

Guideline variance approved by lender at time of origination. Borrower is a XXX for the past 3 years, 6 months and in the profession for the past 4 years.

Credit score is 795, 75 points > program requirement of 720.

Long established condo first marketed in 1986. All units are current on the HOA Dues, no pending litigation in the project.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  10:26:44 AM 2 B 12/04/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257951           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.65670% or Final Disclosure APR of 6.70700% is in excess of allowable threshold of APOR 4.84% + 1.5%, or 6.34000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  10:24:08 AM 1 A 12/04/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257951           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  7:39:09 PM 2 B 12/04/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257951           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Non-escrowed HOA dues are [Redacted]/mo. per report, but final CD shows them as [Redacted]/mo.   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the non escrowed property costs over x year and LOE. Exception Cured.
   12/XX/2018  12:51:45 PM   2 B 12/04/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257953           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.25520% or Final Disclosure APR of 7.31500% is in excess of allowable threshold of APOR 4.98% + 1.5%, or 6.48000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  2:09:45 PM 1 A 12/XX/2018 TX Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
206257953           Compliance Compliance State Compliance (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) Texas Constitution Section 50(a)(6): Acknowledgment of the Fair Market Value not properly executed by the Lender.     Reviewer Comment (2019-03-01): Received required documentation. Cleared.


Buyer Comment (2019-03-01): TX FMV
 12/XX/2018  12:45:59 PM     1 A 12/XX/2018 TX Primary Refinance - Cash-out - Other To Remediate: Lender must either sign the AFMV.  Best practices would be to deliver to the borrower the required disclosure signed by the lender 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 A A Non QM Non QM Yes
206257953           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] did not disclose number of months for homeowner's insurance under Prepaids. (Final/[Redacted]) Prepaid HOI shows zero months on final CD.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  7:42:13 PM 2 B 12/XX/2018 TX Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257956           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  7:43:05 PM 2 B 11/XX/2018 AZ Primary Refinance - Rate/Term   C B A A C B A A Non QM Non QM No
206257956           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.54100% or Final Disclosure APR of 6.53600% is in excess of allowable threshold of APOR 4.96% + 1.5%, or 6.46000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  10:20:28 AM 1 A 11/XX/2018 AZ Primary Refinance - Rate/Term   C B A A C B A A Non QM Non QM No
206257956           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  7:43:19 PM 2 B 11/XX/2018 AZ Primary Refinance - Rate/Term   C B A A C B A A Non QM Non QM No
206257956           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] did not disclose number of months for homeowner's insurance under Prepaids. (Final/[Redacted]) Number of months is blank for the prepaid insurance on the final CD.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  7:43:32 PM 2 B 11/XX/2018 AZ Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257956           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure [Redacted] 12:00:00 AM was received. (Interim/[Redacted]) The final LE was provided on [Redacted] with no evidence of early receipt; the initial CD was provided [Redacted] and signed by the borrower on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating xx/xx/xxxx LE was received the same. Exception Cleared.
 12/XX/2018  12:55:32 PM     1 A 11/XX/2018 AZ Primary Refinance - Rate/Term No Defined Cure C B A A C B A A Non QM Non QM No
206257956           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) The final LE was provided on [Redacted] with no evidence of early receipt; the borrower signed on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating xx/xx/xxxx LE was received the same. Exception Cleared.


Buyer Comment (2019-03-01): LE Tracking
 12/XX/2018  12:55:32 PM     1 A 11/XX/2018 AZ Primary Refinance - Rate/Term No Defined Cure C B A A C B A A Non QM Non QM No
206257959           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): waive
     12/XX/2018  11:54:12 AM 2 B 11/XX/2018 DC Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
206257959           Compliance Compliance Federal Compliance 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 LE issued on [Redacted] and the LE issued [Redacted] increased the Loan Discount Points and decreased the Lender Credit without a valid change of circumstance.   Reviewer Comment (2019-03-01): Change of circumstance provided - rate lock extension
 12/XX/2018  3:58:00 PM     1 A 11/XX/2018 DC 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
206257959           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the increase to the Loan Discount Points.   Buyer Comment (2019-03-01): waive
     12/XX/2018  11:54:35 AM 2 B 11/XX/2018 DC Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257959           Compliance Compliance Federal Compliance 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 decreased the Lender Credit without a valid change of circumstance.   Reviewer Comment (2019-03-01): Change of circumstance provided - rate lock extension


Buyer Comment (2019-03-01): Uploaded COCs
 12/XX/2018  3:58:00 PM     1 A 11/XX/2018 DC 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
206257959           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; the borrower signed on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx CD signed the same day. Exception Cleared.
 12/XX/2018  12:19:07 PM     1 A 11/XX/2018 DC Primary Refinance - Cash-out - Other No Defined Cure C B A A C B A A Non QM Non QM No
206257959           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) The final LE was provided on [Redacted] with no evidence of early receipt; the borrower signed on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx CD signed the same day. Exception Cleared.
 12/XX/2018  12:19:07 PM     1 A 11/XX/2018 DC Primary Refinance - Cash-out - Other No Defined Cure C B A A C B A A Non QM Non QM No
206257962           Credit Loan Package Documentation Application / Processing Missing Document: Flood Certificate not provided       Reviewer Comment (2019-03-01): Received flood cert. Cleared.


Buyer Comment (2019-03-01): See attached flood cert
 12/XX/2018  10:39:43 AM     1 A 12/XX/2018 TX Primary Purchase   C B C B C B A A Non QM Non QM No
206257962           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  11:57:06 AM 2 B 12/XX/2018 TX Primary Purchase   C B C B C B A A Non QM Non QM No
206257962           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) The final LE was issued on [Redacted] with no evidence of early receipt; the borrower signed on [Redacted].   Reviewer Comment (2019-03-01): Received e-doc. Cleared.


Buyer Comment (2019-03-01): See attached
 12/XX/2018  10:38:49 AM     1 A 12/XX/2018 TX Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257962           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Summaries Of Transactions - Seller Credit TILA-RESPA Integrated Disclosure - Summaries of Transactions: Final Closing Disclosure provided on [Redacted] disclosed a Seller Credit that does not match the Seller Credit from the Calculating Cash to Close table. (Final/[Redacted]) The Seller Credit of [Redacted] in Other Credits does not match the [Redacted] Credit from the Calculating Cash to Close table.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  11:57:18 AM 2 B 12/XX/2018 TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257962           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; the borrower signed on [Redacted].   Reviewer Comment (2019-03-01): Received e-doc. Cleared.


Buyer Comment (2019-03-01): Correction - See attached CD timing


Buyer Comment (2019-03-01): See attached LE timing
 12/XX/2018  10:38:49 AM     1 A 12/XX/2018 TX Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257962           Compliance Compliance Federal Compliance TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on [Redacted] reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (Final/[Redacted]) The final CD disclosed Appraisal Fee, Credit Report Fee and Reinspection Fee paid to Broker in Section B.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  11:57:29 AM 2 B 12/XX/2018 TX Primary Purchase Good Faith Redisclosure C B C B C B A A Non QM Non QM Yes
206257962           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] September [Redacted] statement not provided for [Redacted] month bank statement review.   Reviewer Comment (2019-03-01): (REDACTED) xxxx statement was provided in loan file.


Buyer Comment (2019-03-01): (REDACTED) xxxx Bank Statement was not required, Please see attached GL for Ax program -  Bk Stats for the preceding xx months prior to the initial application.   Initial application was in (REDACTED) therefore the (REDACTED) statement would be the last one required.  Please see attached GL .
 12/XX/2018  1:23:01 PM     1 A 12/XX/2018 TX Primary Purchase   C B C B C B A A Non QM Non QM No
206257962           Credit Guideline Guideline Issue The borrower is self-employed.  Guidelines require either a tax professional letter or regulatory agency verifying at least 2 years of self-employment along with either a phone listing and/or business address using directory assistance or internet search to be in file.   [Redacted] No late payment on credit report for the past 53 months (last late 6/2014).  No public records.

DTI of 19.22274% is 30.7726% below the program maximum of 50%.

Credit score of 666 is 6 points above the program requirement of 660.

LTV of 80% is 5% below maximum of 85%.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  4:02:23 PM 2 B 12/XX/2018 TX Primary Purchase   C B C B C B A A Non QM Non QM No
206257965           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.   The subject appraisal was completed before the disaster end date of [Redacted], however, there is no post disaster inspection provided in file.   Reviewer Comment (2019-03-01): CDAIR provided.


Buyer Comment (2019-03-01): CDAIR uploaded for review.
 12/XX/2018  1:40:29 PM     1 A 12/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257965           Compliance Compliance Federal Compliance 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. Borrower's credit report fee increased with no valid change of circumstance in file and no cure provided to Borrower.   Reviewer Comment (2019-03-01): (Redacted) received PCCD indicating cure, Refund Check, LOE, and Proof of Delivery. Exception Cured.


Buyer Comment (2019-03-01): Please see PCCD DOCS
   12/XX/2018  8:08:36 AM   2 B 12/XX/2018 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
206257965           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA Maintenance Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. The HOA Maintenance Fee was not disclosed on the Loan Estimates provided to the Borrower. No valid change of circumstance in file and no evidence of cure provided to Borrower.   Reviewer Comment (2019-03-01): (Redacted) received PCCD indicating cure, Refund Check, LOE, and Proof of Delivery. Exception Cured.


Buyer Comment (2019-03-01): Please see PCCD DOCS
   12/XX/2018  8:09:09 AM   2 B 12/XX/2018 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
206257965           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA Membership Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. The HOA Membership Fee was not disclosed on the Loan Estimates provided to the Borrower. There is no valid change of circumstance in file and no evidence of cure provided to Borrower.   Reviewer Comment (2019-03-01): (Redacted) received PCCD indicating cure, Refund Check, LOE, and Proof of Delivery. Exception Cured.


Buyer Comment (2019-03-01): Please see PCCD DOCS
   12/XX/2018  8:09:23 AM   2 B 12/XX/2018 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
206257965           Compliance Compliance Federal Compliance TILA LO Compensation (Impermissible Compensation Method) Loan Originator Compensation (Dodd-Frank 2014):  Unable to determine Compensation method used. Unable to determine what the Broker's compensation was based upon because the LO Compensation Disclosure in file does not disclose the compensation method used.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     12/XX/2018  5:32:58 PM 2 B 12/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206257965           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Prepaid Property Tax Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] did not disclose number of months for Property Tax under Prepaids. (Final/[Redacted]) The Final CD does not indicate how many months the prepaid property tax was collected for.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     12/XX/2018  5:33:10 PM 2 B 12/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257965           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) There were two copies of a Seller's Closing Disclosure in file. The unsigned and uncertified copy reflects the same total of seller paid fees disclosed on the Borrower's final CD, however, the copy signed by the Seller and stamped as the true and correct copy discloses multiple seller paid fees that were not disclosed on the Borrower's final CD.   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting seller paid fees and LOE. Exception Cured.
   12/XX/2018  8:18:22 AM   1 A 12/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257965           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) The final CD discloses a closing date of [Redacted], however, the closing documents were not signed until [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     12/XX/2018  5:33:19 PM 2 B 12/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257965           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) There were multiple violations to the zero % tolerance due to undisclosed fees and an increase in fees, however, there is no valid change of circumstance in file and to cure value disclosed on the Final CD.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  9:40:38 AM 2 B 12/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257968           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.       Reviewer Comment (2019-03-01): Disaster inspection report with end date of xx/xx/xxxx.
 12/XX/2018  2:48:50 PM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206257968           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) Page x of the final CD disclosed estimated monthly escrow of [Redacted] which calculates to an annual amount of [Redacted]; page x disclosed [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received PCCD and LOE. Exception Cured.


Buyer Comment (2019-03-01): Uploaded PCCD/LOX/UPS Label
   12/XX/2018  11:41:15 AM   2 B 12/XX/2018 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
206257968           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/634782) The evidence of insurance disclosed an annual premium of [Redacted] ([Redacted]/month).  The tax certificate disclosed semi-annual taxes of [Redacted] ([Redacted]/month).  Total calculated escrow is [Redacted]; CD disclosed [Redacted].   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Corrected CD provided. Rescission re-opened and expired.


Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Corrected CD provided. Rescission re-opened and expires xx/xx/xxxx.  Once recession expires will be able to cure.


Buyer Comment (2019-03-01): NORTC, LOX and label uploaded for your review.


Reviewer Comment (2019-03-01): Proof of Delivery has been received, however, it does not appear that rescission was re-opened.  Right to cancel must be reopened and expired prior to cure.


Reviewer Comment (2019-03-01): The tracking number on the shipping label indicates delivery is scheduled for xx/xx/xxxx. Please indicate when Proof of Delivery is available to cure.


Buyer Comment (2019-03-01): Uploaded proof of delivery


Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the escrow payment, LOE, and Shipping Label. The Shipping Label indicates package has yet to ship. Please indicate when Proof of Delivery is available to cure.


Buyer Comment (2019-03-01): Uploaded PCCD/LOX/ UPS Label
   12/XX/2018  9:18:02 AM   2 B 12/XX/2018 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 C B C A C B A A Non QM Non QM Yes
206257968           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/634783) The evidence of insurance disclosed an annual premium of [Redacted] ([Redacted]/month).  The tax certificate disclosed semi-annual taxes of [Redacted] ([Redacted]/month).  Total calculated escrow is [Redacted]; CD disclosed [Redacted].   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Corrected CD provided. Rescission re-opened and expired.


Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Corrected CD provided. Rescission re-opened and expires xx/xx/xxxx.  Once recession expires will be able to cure.


Reviewer Comment (2019-03-01): Proof of Delivery has been received, however, it does not appear that rescission was re-opened.  Right to cancel must be reopened and expired prior to cure.


Buyer Comment (2019-03-01): Uploaded Delivery


Reviewer Comment (2019-03-01): The tracking number on the shipping label indicates delivery is scheduled for xx/xx/xxxx. Please indicate when Proof of Delivery is available to cure.


Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the escrow payment, LOE, and Shipping Label. The Shipping Label indicates package has yet to ship. Please indicate when Proof of Delivery is available to cure.


Buyer Comment (2019-03-01): Uploaded PCCD/LOX/UPS Label
   12/XX/2018  9:18:29 AM   2 B 12/XX/2018 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 C B C A C B A A Non QM Non QM Yes
206257968           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/634784) The evidence of insurance disclosed an annual premium of [Redacted] ([Redacted]/month).  The tax certificate disclosed semi-annual taxes of [Redacted] ([Redacted]/month).  Total calculated escrow is [Redacted]; CD disclosed [Redacted].   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Corrected CD provided. Rescission re-opened and expired.


Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Corrected CD provided. Rescission re-opened and expires xx/xx/xxxx.  Once recession expires will be able to cure.


Reviewer Comment (2019-03-01): Proof of Delivery has been received, however, it does not appear that rescission was re-opened.  Right to cancel must be reopened and expired prior to cure.


Buyer Comment (2019-03-01): Uploaded Delivery


Reviewer Comment (2019-03-01): The tracking number on the shipping label indicates delivery is scheduled for xx/xx/xxxx. Please indicate when Proof of Delivery is available to cure.


Buyer Comment (2019-03-01): Uploaded proof of delivery


Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the escrow payment, LOE, and Shipping Label. The Shipping Label indicates package has yet to ship. Please indicate when Proof of Delivery is available to cure.


Buyer Comment (2019-03-01): Uploaded PCCD/LOX/UPS Label
   12/XX/2018  9:18:58 AM   2 B 12/XX/2018 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 C B C A C B A A Non QM Non QM Yes
206257968           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/634785) The evidence of insurance disclosed an annual premium of [Redacted] ([Redacted]/month).  The tax certificate disclosed semi-annual taxes of [Redacted] ([Redacted]/month).  Total calculated escrow is [Redacted]; CD disclosed [Redacted].   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Corrected CD provided. Rescission re-opened and expired.


Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Corrected CD provided. Rescission re-opened and expires xx/xx/xxxx.  Once recession expires will be able to cure.


Reviewer Comment (2019-03-01): Proof of Delivery has been received, however, it does not appear that rescission was re-opened.  Right to cancel must be reopened and expired prior to cure.


Buyer Comment (2019-03-01): Uploaded Delivery


Reviewer Comment (2019-03-01): The tracking number on the shipping label indicates delivery is scheduled for xx/xx/xxxx. Please indicate when Proof of Delivery is available to cure.


Buyer Comment (2019-03-01): Uploaded proof of delivery


Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the escrow payment, LOE, and Shipping Label. The Shipping Label indicates package has yet to ship. Please indicate when Proof of Delivery is available to cure.


Buyer Comment (2019-03-01): Uploaded PCCD/LOX/UPS Label
   12/XX/2018  9:19:25 AM   2 B 12/XX/2018 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 C B C A C B A A Non QM Non QM Yes
206257968           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/634782) The total monthly payment is incorrect due to the discrepancy in the escrow payment.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Corrected CD provided. Rescission re-opened and expired.


Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Corrected CD provided. Rescission re-opened and expires xx/xx/xxxx.  Once recession expires will be able to cure.


Reviewer Comment (2019-03-01): Proof of Delivery has been received, however, it does not appear that rescission was re-opened.  Right to cancel must be reopened and expired prior to cure.


Buyer Comment (2019-03-01): Uploaded Delivery


Reviewer Comment (2019-03-01): The tracking number on the shipping label indicates delivery is scheduled for xx/xx/xxxx. Please indicate when Proof of Delivery is available to cure.


Buyer Comment (2019-03-01): Uploaded proof of delivery


Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the escrow payment, LOE, and Shipping Label. The Shipping Label indicates package has yet to ship. Please indicate when Proof of Delivery is available to cure.


Buyer Comment (2019-03-01): Uploaded PCCD/LOX/UPS Label
   12/XX/2018  9:19:51 AM   2 B 12/XX/2018 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 C B C A C B A A Non QM Non QM Yes
206257968           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Final/[Redacted]) Section G of the final CD disclosed [Redacted] monthly escrow for insurance; prepaid amount in Section F is [Redacted] which calculates to [Redacted] per month.   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the homeowner's insurance premium months paid under prepaids and LOE. Exception Cured.


Buyer Comment (2019-03-01): Uploaded PCCD/LOX/UPS Label
   12/XX/2018  11:42:45 AM   2 B 12/XX/2018 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
206257968           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the increase to the Loan Discount Points.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx COC indicating a loan amount change. Exception Cleared.
 12/XX/2018  2:54:01 PM     1 A 12/XX/2018 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
206257968           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; the borrowers signed on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received the xx/xx/xxxx CD indicating it was received the same day. Exception Cleared.
 12/XX/2018  2:43:29 PM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206257968           Compliance Compliance Federal Compliance TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on [Redacted] reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (Final/[Redacted]) The final CD disclosed the Credit Report Fee paid to the Broker is Section B.   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the payee of the Credit Report Fee and LOE.


Buyer Comment (2019-03-01): Uploaded PCCD/LOX/UPS Label
   12/XX/2018  11:45:50 AM   2 B 12/XX/2018 CA Primary Refinance - Cash-out - Other Good Faith Redisclosure C B C A C B A A Non QM Non QM Yes
206257968           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) The final LE was provided on [Redacted] with no evidence of early receipt; the borrowers signed on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received the xx/xx/xxxx LE that was received the same day. Exception Cleared.
 12/XX/2018  2:40:58 PM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206257968           Compliance Compliance Federal Compliance 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 LE issued on [Redacted] increased the Loan Discount Points without a valid change of circumstance.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx COC indicating a loan amount change. Exception Cleared.
 12/XX/2018  2:54:01 PM     1 A 12/XX/2018 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
206257971           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.69430% or Final Disclosure APR of 6.74300% is in excess of allowable threshold of APOR 5.01% + 1.5%, or 6.51000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  10:11:11 AM 1 A 12/XX/2018 TX Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
206257971           Credit Legal / Regulatory / Compliance Title / Lien Defect Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the title evidence in file.     Reviewer Comment (2019-03-01): Title Policy w/ correct Policy Amount provided.


Buyer Comment (2019-03-01): Title Policy w/ correct Policy Amount for your review.
 12/XX/2018  8:30:43 AM     1 A 12/XX/2018 TX Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
206257971           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  1:47:17 PM 2 B 12/XX/2018 TX Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206257971           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Missing evidence that the initial closing disclosure dated [Redacted] was received at least x business days prior to closing   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the initial CD was received xx/xx/xxxx. Exception Cleared.


Buyer Comment (2019-03-01): Uploaded For Review: Disclosure Tracking
 12/XX/2018  3:46:28 PM     1 A 12/XX/2018 TX Primary Refinance - Rate/Term No Defined Cure C B C A C B A A Non QM Non QM No
206257971           Compliance Compliance Federal Compliance 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].  Missing proof of valid change, insufficient or no cure was provided to the borrower.   Reviewer Comment (2019-03-01): (Redacted) received VCC for fee change.


Buyer Comment (2019-03-01): Uploaded For Your Review: VCC for increase in Discount Points.


Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx COC. The Loan Discount Point Fee increased from $xxxx.xx to $xxxx.xx on the xx/xx/xxxx CD without a valid change of circumstance. Please provide a corrected CD, LOE, Refund Check, and Proof of Delivery to cure.


Buyer Comment (2019-03-01): COC  uploaded fro review
 12/XX/2018  10:09:31 AM     1 A 12/XX/2018 TX 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
206257971           Compliance Compliance Federal Compliance 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 10% or $xxx.xx.  Insufficient or no cure was provided to the borrower. (0) Ten Percent Fee Tolerance exceeded. Total amount of [Redacted] for recording fees exceeds tolerance of [Redacted] plus [Redacted] or [Redacted].  Insufficient or no cure was provided to the borrower.   Reviewer Comment (2019-03-01): (Redacted) received  Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-03-01): Uploaded For Review: PCCD-LOX-Label-Check
   12/XX/2018  10:29:28 AM   2 B 12/XX/2018 TX 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
206257975           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance policy number is missing from evidence of insurance.       Reviewer Comment (2019-03-01): policy number provided.
 12/XX/2018  10:02:31 AM     1 A 12/04/2018 NY Primary Purchase   B B B A B B A A Non QM Non QM No
206257975           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Disclosure provided on [Redacted]; application received on [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/XX/2018  10:17:41 AM 2 B 12/04/2018 NY Primary Purchase   B B B A B B A A Non QM Non QM No
206257975           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/XX/2018  10:18:04 AM 2 B 12/04/2018 NY Primary Purchase   B B B A B B A A Non QM Non QM No
206257977           Credit Credit Credit Documentation Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Missing documentation reflecting a timely rental payment history,  within the most recent [Redacted] months for the following address': [Redacted]   Reviewer Comment (2019-03-01): Bank statement history provided.
 12/XX/2018  12:20:25 PM     1 A 12/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257977           Credit Assets Asset Documentation Missing Document: Asset Documentation not provided   Missing an executed Full Access Letter from for the following accounts, that are joint with a non-borrower ([Redacted]): [Redacted]acct#[Redacted] & [Redacted], [Redacted] acct #[Redacted] , and [Redacted] acct#[Redacted].   Reviewer Comment (2019-03-01): Full Access Letter provided.
 12/XX/2018  1:09:43 PM     1 A 12/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257977           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.42310% or Final Disclosure APR of 6.46700% is in excess of allowable threshold of APOR 4.84% + 1.5%, or 6.34000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  2:27:53 PM 1 A 12/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257977           Compliance Compliance Federal Compliance TIL Higher Priced Mortgage Loan Safe Harbor TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. Appraisal reflects a lender other than the broker/lender   Buyer Comment (2019-03-01): waive
     12/XX/2018  10:29:53 AM 2 B 12/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257977           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): waive
     12/XX/2018  10:30:20 AM 2 B 12/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257977           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Final disclosure reflects a total non escrpwed expense for HOA of [Redacted], calculated total expense is [Redacted]   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting non escrowed property costs and LOE. Exception Cured.


Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the non escrowed property costs over x year to $xxxx.xx. The appraisal indicates $xxxx/year of HOA Dues. The Purchase Agreement also indicates monthly dues of $xx.xx and $xx.xx totaling $xxxx.xx for the year. Please provide corrected CD and LOE to cure.
   12/XX/2018  10:06:46 AM   2 B 12/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257977           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Calculating Cash to Close: Final Closing Disclosure provided on [Redacted]disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. [Redacted]   Buyer Comment (2019-03-01): waive
     12/XX/2018  10:30:55 AM 2 B 12/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257977           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Missing proof that the borrower received the initial closing disclosures dated [Redacted]  within x business days of closing   Reviewer Comment (2019-03-01): (Redacted) received the (Redacted) CD indicating it was received the same day. Exception Cleared.
 12/XX/2018  11:52:54 AM     1 A 12/XX/2018 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206257977           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero 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. Zero 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.   Reviewer Comment (2019-03-01): (Redacted) received valid COC for fee change.
 12/XX/2018  2:51:53 PM     1 A 12/XX/2018 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 B C B A A Non QM Non QM Yes
206257977           Compliance Compliance Federal Compliance 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 (2019-03-01): (Redacted) received valid COC for lender credit fee change due to relock and exception cost.
 12/XX/2018  3:08:10 PM     1 A 12/XX/2018 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 B C B A A Non QM Non QM Yes
206257977           Credit Credit Miscellaneous Credit Exception:   Use of income from a new job borrower has been employed with for x months vs program requirement of use of the lower of current income or [Redacted] months average income to qualify. Lender approved. Perfect credit history with no late payments going back to earliest account inception dated of 11/2014.

Borrower has been in the same line of work for the past 9 years.

60.43 months reserves > 3 months guideline minimum

LTV 75% is 5% < qualifying program of 80%.

FICO Score of 734, 14 points > than qualifying program of 720.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  2:10:46 PM 2 B 12/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257977           Credit Credit Miscellaneous Credit Exception:   Borrower has 2 active tradelines and no inactive tradelines which have been reporting for a minimum of 12 months(all tradelines but the 2 are less than 10 months reporting due to lack of time in US)vs program minimum of a minimum of two active and one inactive tradeline reporting for a minimum of 12 months. Lender approved. Perfect credit history with no late payments going back to earliest account inception dated of 11/2014.

Borrower has been in the same line of work for the past 9 years.

60.43 months reserves > 3 months guideline minimum

LTV 75% is 5% < qualifying program of 80%.

FICO Score of 734, 14 points > than qualifying program of 720.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  2:10:57 PM 2 B 12/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206257980           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.94510% or Final Disclosure APR of 6.99500% is in excess of allowable threshold of APOR 4.98% + 1.5%, or 6.48000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  1:49:24 PM 1 A 12/XX/2018 PA Primary Purchase   B B A A B B A A Non QM Non QM No
206257980           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:27:56 PM 2 B 12/XX/2018 PA Primary Purchase   B B A A B B A A Non QM Non QM No
206257983           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower. Missing evidence borrower was provide the Anti-Steering Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  3:20:24 PM 2 B 12/04/2018 TX Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
206257983           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.47570% or Final Disclosure APR of 7.52400% is in excess of allowable threshold of APOR 5.01% + 2.5%, or 7.51000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  2:38:54 PM 1 A 12/04/2018 TX Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
206257983           Compliance Compliance Federal Compliance TILA LO Compensation (Impermissible Compensation Method) Loan Originator Compensation (Dodd-Frank 2014):  Unable to determine Compensation method used. LO Compensation Disclosure provided to the borrower did not indicate the compensation method used to pay the Broker.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  3:20:35 PM 2 B 12/04/2018 TX Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
206257983           Compliance Compliance State Compliance (TX50(a)(6)) Texas Cash-out Loan  (TX Home Equity Disclosure/Notice Concerning Extensions of Credit Not Provided) Texas Constitution Section 50(a)(6): Revised Notice Concerning Extensions of Credit not provided on TX Home Equity Loan made on or after 1/XX/18. Missing evidence Revised Notice Concerning Extensions of Credit was provided to the borrower.   Reviewer Comment (2019-03-01): Texas Cash-out Extension of Credit Disclosure provided


Buyer Comment (2019-03-01): See attached


Reviewer Comment (2019-03-01): Document is missing from file and is required to be signed by borrower.


Buyer Comment (2019-03-01): Please clarify what you would like to see as evidence that the borrower received a copy of the form?  The borrower does not sign the form.
 12/XX/2018  2:23:12 PM     1 A 12/04/2018 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 A A Non QM Non QM Yes
206257983           Compliance Compliance State Compliance (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) Texas Constitution Section 50(a)(6): Acknowledgment of the Fair Market Value not properly executed by the Lender. Acknowledgment of Fair Market Value was not signed by the Lender.   Reviewer Comment (2019-03-01): Texas Cash-out Fair Market Acknowledgment Signed By Lender provided.


Buyer Comment (2019-03-01): See attached FMV signed by lender
 12/XX/2018  11:03:00 AM     1 A 12/04/2018 TX Primary Refinance - Cash-out - Other To Remediate: Lender must either sign the AFMV.  Best practices would be to deliver to the borrower the required disclosure signed by the lender 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 A A Non QM Non QM Yes
206257983           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Initial CD issued [Redacted] was not acknowledged as being received by the borrower x business days prior to closing.   Reviewer Comment (2019-03-01): Received evidence of borrower's receipt. Cleared.


Buyer Comment (2019-03-01): See attached
 12/XX/2018  11:42:02 AM     1 A 12/04/2018 TX Primary Refinance - Cash-out - Other No Defined Cure C B A A C B A A Non QM Non QM No
206257986           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Missing proof that the borrower received the initial closing disclosure at least x business days prior to closing   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating receipt of CD on (Redacted). Exception Cleared.


Buyer Comment (2019-03-01): Uploaded For Review: Receipt of CD
 12/XX/2018  12:51:58 PM     1 A 12/04/2018 CA Primary Refinance - Rate/Term No Defined Cure C A A A C A A A Non QM Non QM No
206257989           Credit Property - Appraisal General Appraisal Requirements Subject is a refinance and property is listed for sale.   Lender acknowledged exception for property listed for sale [Redacted]; listing removed [Redacted] vs. program requirement that if property is listed for sale, or was listed for sale at any time over the past three months, a loan secured by the property is ineligible for sale to [Redacted] No public records.

Rate and Term refinance of a 5 Month I/O to a 5 Year fully amortizing mortgage with a payment reduction of over $70.00 per month

Borrower is XXX XXX for the past 3 years

Reserves are 4.29 months, 1.29 months > program requirement of 3 months

Credit score is 705, 65 points > program requirement of 700

LTV is 85%, 5% < program maximum of 90%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  10:25:13 AM 2 B 12/04/2018 WA Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257989           Credit Legal / Regulatory / Compliance Title / Lien Defect Title Policy Coverage is less than Original Loan Amount.   Title policy coverage on the commitment was [Redacted] yet loan amount was [Redacted].   Reviewer Comment (2019-03-01): Short form policy provided.


Buyer Comment (2019-03-01): Please see uploaded ALTA policy for $xxx,xxx.
 12/XX/2018  8:51:59 AM     1 A 12/04/2018 WA Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257989           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.95860% or Final Disclosure APR of 7.00000% is in excess of allowable threshold of APOR 5.01% + 1.5%, or 6.51000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  10:10:00 AM 1 A 12/04/2018 WA Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206257989           Compliance Compliance Federal Compliance 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. Loan failed ATR/NonQM due to missing verification of the borrower's business from a third party dated within [Redacted] days of closing.   Reviewer Comment (2019-03-01): Non QM based on guidelines
 12/XX/2018  1:34:46 PM     1 A 12/04/2018 WA Primary Refinance - Rate/Term Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
206257989           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) CD indicates total closing costs exceeded legal limit by $[Redacted].  Actual cure required is $[Redacted].  Discount points and Transfer fee without tolerance cure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:19:11 PM 2 B 12/04/2018 WA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206257989           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Initial CD issued on [Redacted] was not acknowledged as being received by the borrower x business days prior to closing.   Reviewer Comment (2019-03-01): Disclosure tracking details provided.


Buyer Comment (2019-03-01): Please see xx/xx CD tracking uploaded for your review.
 12/XX/2018  1:30:18 PM     1 A 12/04/2018 WA Primary Refinance - Rate/Term No Defined Cure C B C B C B A A Non QM Non QM No
206257989           Compliance Compliance Federal Compliance 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 10% or $xxx.xx.  Insufficient or no cure was provided to the borrower. (0) 10% fee tolerance exceeded without sufficient cure. Transfer Tax increased without valid change circumstance. No cure provided   Reviewer Comment (2019-03-01): Ten Percent tolerance cure of $xxx.xx was completed on final CD.  Final ALTA Settlement Statement verified the lender credit for $xxx.xx at funding.  No cure check needed.


Buyer Comment (2019-03-01): Please see final CD which has credit for closing costs uploaded for your review.
 12/XX/2018  11:57:15 PM     1 A 12/04/2018 WA 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 B C B A A Non QM Non QM Yes
206257989           Compliance Compliance Federal Compliance 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 increased without a valid change circumstance.  Tolerance exceeded. No cure provided   Reviewer Comment (2019-03-01): (Redacted) received VCC for fee changes.


Buyer Comment (2019-03-01): Please see xx/xx COC uploaded for your review.


Reviewer Comment (2019-03-01): (Redacted) received COC for relock on xx/xx/xx LE.  However, the Loan Discount increased on xx/xx/xx without a valid COC.  Please provide a VCC or a refund of $x,xxx.xx is due.


Buyer Comment (2019-03-01): Please see change of circumstance uploaded for your review.
 12/XX/2018  6:37:11 PM     1 A 12/04/2018 WA 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 B C B A A Non QM Non QM Yes
206257989           Compliance Compliance Federal Compliance 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 increased without a valid change circumstance.  Tolerance exceeded. No cure provided   Reviewer Comment (2019-03-01): (Redacted) received VCC for fee changes.


Reviewer Comment (2019-03-01): (Redacted) received final CD and Final ATLA settlement statement reflecting a total tolerance cure of $xxx.xx which covered the $xx Transfer Tax and the xx% fee tolerance violation.  This exception will remain until all fee tolerance exceptions are completed.


Buyer Comment (2019-03-01): Please see final CD which has credit for closing costs uploaded for your review.
 12/XX/2018  6:37:11 PM     1 A 12/04/2018 WA 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 B C B A A Non QM Non QM Yes
206257989           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure [Redacted] 12:00:00 AM was received. (Interim/[Redacted]) [Redacted] received Disclosure Tracking for the Initial CD dated [Redacted].  Please provide evidence of earlier receipt for the Loan Estimate dated [Redacted].  Evidence is not found in the loan file and [Redacted] using the 3 business day mailbox rule as the received date.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  3:40:35 PM 2 B 12/04/2018 WA Primary Refinance - Rate/Term No Defined Cure C B C B C B A A Non QM Non QM No
206257989           Compliance Compliance Federal Compliance 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 $xxx.xx plus 10% or $xxx.xx.  Sufficient or excess cure was provided to the borrower at Closing. (0) .       12/XX/2018  6:37:11 PM   1 A 12/04/2018 WA Primary Refinance - Rate/Term Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
206257989           Compliance Compliance Federal Compliance 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. [Redacted] received VCC for fee changes.       12/XX/2018  6:37:11 PM   1 A 12/04/2018 WA Primary Refinance - Rate/Term Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
206257992           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.76150% or Final Disclosure APR of 6.80900% is in excess of allowable threshold of APOR 4.96% + 1.5%, or 6.46000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  10:35:12 AM 1 A 12/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257992           Compliance Compliance Federal Compliance 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.     Buyer Comment (2019-03-01): waive
     12/XX/2018  2:12:00 PM 2 B 12/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257992           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): waive
     12/XX/2018  2:11:51 PM 2 B 12/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206257992           Compliance Compliance Federal Compliance 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.) (Final/ [Redacted]) Missing seller's disclosure, final disclosure reflects no costs paid by the seller   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure received.
   12/XX/2018  6:24:47 PM   1 A 12/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206257998           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.71760% or Final Disclosure APR of 6.71600% is in excess of allowable threshold of APOR 5.01% + 1.5%, or 6.51000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  3:03:29 PM 1 A 12/04/2018 IL Primary Purchase   A A A A A A A A Non QM Non QM No
206258004           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. The increase in DTI since time of origination is due to a difference in the calculation of the subject PITIA. The Originator only used $x in monthly HOA fees, while the appraisal in file indicates the monthly fee is $[Redacted]. No late payments in CBR since 2012.

Borrower has been self employed as XXX XXX for 10 years.

Credit score is 708, 68 points > program requirement of 640		 Reviewer Comment (2019-03-01): DTI is xx.xxx% vs program max of xx%


Buyer Comment (2019-03-01): Please see attached Exception for the elevated DTI.
     1/XX/2019  10:48:40 AM 2 B 12/XX/2018 FL Second Home Purchase   C B C B C B A A Non QM Non QM No
206258004           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Unable to determine what the Broker's compensation was based upon due to the missing LO Compensation Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  7:44:45 PM 2 B 12/XX/2018 FL Second Home Purchase   C B C B C B A A Non QM Non QM No
206258004           Compliance Compliance Federal Compliance 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 50.73673% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) The increase in DTI since time of origination is due to a difference in the calculation of the subject PITIA. The Originator only used $x in monthly HOA fees, while the appraisal in file indicates the monthly fee is $[Redacted]. No late payments on CBR since earliest open date of 12/02012.

Borrower has been self employed for 10 years with same business.

Credit score is 708, 68 points > program requirement of 640		 Reviewer Comment (2019-03-01): DTI is xx.xxx% vs program max of xx%
     1/XX/2019  10:56:50 AM 2 B 12/XX/2018 FL Second Home Purchase   C B C B C B A A Non QM Non QM No
206258004           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The non-escrowed property costs consist of the Borrower's monthly HOA dues. The appraisal discloses this cost as $[Redacted] per month which would be an annual cost of $[Redacted].   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure provided
   12/XX/2018  12:51:34 PM   2 B 12/XX/2018 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258004           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         12/XX/2018  10:10:51 AM   1 A 12/XX/2018 FL Second Home Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
206258004           Compliance Compliance Federal Compliance 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. The Appraisal Re-inspection fee of $[Redacted] was added to the final CD but was not originally disclosed on the Initial LE. The Lender provided a sufficient cure for this addition.       12/XX/2018  10:10:51 AM   1 A 12/XX/2018 FL Second Home Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
206258004           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. (Final/[Redacted]) Loan is under disclosed by [Redacted] due to the title - [Redacted] w.FL MOD restriction fee in section H on the final CD.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount andCorrected CD,


Reviewer Comment (2019-03-01): (Redacted) received a print out showing the package was scanned and out for delivery, however, when checked on USPS website, the package has not yet been shipped.  Will need proof this package is in route, or a copy of the cancelled check to verify Borrower receipt to cure.


Buyer Comment (2019-03-01): See attached


Reviewer Comment (2019-03-01): (Redacted) received Shipping Label. Per UPS website Label Created.  Need confirmation that package has been shipped / in route to the borrower to cure.  Please provide confirmation that the package is in route once shipped to the borrower


Buyer Comment (2019-03-01): See attached, corrected address with UPS.


Reviewer Comment (2019-03-01): Letter of Explanation, Shipping Label, Refund check for under disclosed amount, Corrected CD provided.  Please provide confirmation of delivery. Per USPS website address needs to be corrected in order for delivery to the borrower.


Buyer Comment (2019-03-01): PCCD documents uploaded
   1/XX/2019  5:48:44 PM   2 B 12/XX/2018 FL 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 C B C B A A Non QM Non QM Yes
206258004           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The Initial CD was issued on [Redacted] but unable to determine when Borrower received due to missing signature/date. The estimated date of receipt is [Redacted] which is only x day prior to closing.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the CD was received xx/xx/xxxx. Exception Cleared.


Buyer Comment (2019-03-01): See attached
 12/XX/2018  2:22:00 PM     1 A 12/XX/2018 FL Second Home Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258004           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) Unable to determine the date the Borrower received the LE issued [Redacted] due to missing signature/date. The estimated date of receipt, [Redacted], is dated after the date the initial CD was issued.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the LE was recieved xx/xxx/xxx. Exception Cleared.


Buyer Comment (2019-03-01): See attached
 12/XX/2018  2:22:00 PM     1 A 12/XX/2018 FL Second Home Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258004           Compliance Compliance Federal Compliance 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. NON QM DTI violation   Reviewer Comment (2019-03-01): CPA Letter provided to meet Guidelines


Reviewer Comment (2019-03-01): The DTI due to  difference in the calculation of the subject PITIA. The Originator only used $x in monthly HOA fees, while the appraisal in file indicates the monthly fee is $xxx.


Buyer Comment (2019-03-01): Please clarify what this exception is citing.
 1/XX/2019  11:49:01 AM     1 A 12/XX/2018 FL Second Home Purchase Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
206258004           Credit Assets Asset Documentation Guideline Issue:Insufficient asset documentation.   The bank statement in file provided to source the earnest money deposits disclosed two large deposits on [Redacted] $[Redacted] and [Redacted] $[Redacted]. The source of these large deposits were not documented in file.   Reviewer Comment (2019-03-01): Deposits are from borrowers business per the wire information.
 12/XX/2018  9:02:54 AM     1 A 12/XX/2018 FL Second Home Purchase   C B C B C B A A Non QM Non QM No
206258004           Credit Income / Employment Income Documentation Income Docs Missing:   Please provide the correct copy of the CPA letter. Last years earning do not match other CPA documentation [Redacted] versus [Redacted].   Reviewer Comment (2019-03-01): CPA letters are correct.


Buyer Comment (2019-03-01): See attached
 12/XX/2018  8:55:17 AM     1 A 12/XX/2018 FL Second Home Purchase   C B C B C B A A Non QM Non QM No
206258004           Credit Credit Credit Documentation Credit Report Error: Missing source document for credit/housing history.   Rental income from a lease agreement was used as qualifying income, however, there is no verification of receipt of at least x months rent which is required by program guidelines.   Reviewer Comment (2019-03-01): security deposit provided.


Buyer Comment (2019-03-01): The lease just started in xx/xxxx so there is not x mnths rent collected.  See attached evidence of security deposit.
 12/XX/2018  8:59:27 AM     1 A 12/XX/2018 FL Second Home Purchase   C B C B C B A A Non QM Non QM No
206258004           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure xx/x/xxxx 12:00:00 AM was received. (Interim/[Redacted]) Added [Redacted]he [Redacted] LE does not indicate electronic receipt or signature therefore the mailbox rule is used with a receipt date of [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  11:41:53 AM 2 B 12/XX/2018 FL Second Home Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258007           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy.   CD from sale of departure residence not provided so reserve requirement was not met.   Reviewer Comment (2019-03-01): Settlement statement provided from sale of home for additional assets..


Buyer Comment (2019-03-01): CD from sale of departure residence uploaded for your review.
 12/XX/2018  10:50:59 AM     1 A 12/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206258007           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy.   CD from sale of departure residence was not provided so PITIA included in debts.   Reviewer Comment (2019-03-01): Settlement statement provided from sale of home.
 12/XX/2018  10:54:47 AM     1 A 12/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206258007           Credit Assets Asset Calculation / Analysis Available for Closing is insufficient to cover Cash From Borrower.   CD from sale of departure residence not provided so cash to close requirement not met.   Reviewer Comment (2019-03-01): Settlement statement provided from sale of home for additional assets..
 12/XX/2018  10:51:07 AM     1 A 12/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206258007           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.97530% or Final Disclosure APR of 7.02200% is in excess of allowable threshold of APOR 4.96% + 1.5%, or 6.46000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  1:08:02 PM 1 A 12/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206258007           Compliance Compliance Federal Compliance 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. Loan is at ATR risk due to DTI exceeding program maximum.  Departure residence PITIA included in debts due to missing CD.   Reviewer Comment (2019-03-01): Settlement statement provided from sale of home.


Buyer Comment (2019-03-01): CD from sale of departure residence uploaded for your review.
 12/XX/2018  10:55:50 AM     1 A 12/XX/2018 NJ Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C A C B A A Non QM Non QM Yes
206258007           Compliance Compliance Federal Compliance 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 is at ATR risk due to DTI exceeding program maximum.  Departure residence PITIA included in debts due to missing CD.   Reviewer Comment (2019-03-01): Settlement statement provided from sale of home.
 12/XX/2018  10:55:50 AM     1 A 12/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206258007           Compliance Compliance Federal Compliance 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 54.35634% significantly exceeds the guideline maximum of 43.00%.  (DTI Exception cannot be compensated to a lower grade.) DTI exceeds program maximum due to current PITIA included in debts.   Reviewer Comment (2019-03-01): Settlement statement provided from sale of home.
 12/XX/2018  10:53:18 AM     1 A 12/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206258007           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) Page x of the final CD disclosed Estimated Escrow of [Redacted] per month which calculates to [Redacted] per year; page x of the CD disclosed [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the escrowed property costs over x year and LOE. Exception Cured.


Buyer Comment (2019-03-01): Please see PCCD/LOX/Label uploaded for your review.
   12/XX/2018  4:43:28 PM   2 B 12/XX/2018 NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258007           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/637126) The evidence of insurance disclosed an annual premium of [Redacted] for a monthly amount of [Redacted]; the CD disclosed monthly escrow of [Redacted].   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Corrected CD provided


Buyer Comment (2019-03-01): Please see proof of delivery uploaded for your review.


Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the estimating escrow payment, LOE, and Shipping Label. The Shipping Label indicates package has yet to ship. Please indicate when Proof of Delivery is available to cure.


Buyer Comment (2019-03-01): Please see PCCD/LOX/Label uploaded for your review.
   12/XX/2018  8:29:11 AM   2 B 12/XX/2018 NJ Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206258007           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/637127) The evidence of insurance disclosed an annual premium of [Redacted] for a monthly amount of [Redacted]; the CD disclosed monthly escrow of [Redacted].   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Corrected CD provided


Buyer Comment (2019-03-01): Please see proof of delivery uploaded for your review.


Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the estimating escrow payment, LOE, and Shipping Label. The Shipping Label indicates package has yet to ship. Please indicate when Proof of Delivery is available to cure.


Buyer Comment (2019-03-01): Please see PCCD/LOX/Label uploaded for your review.
   12/XX/2018  8:29:29 AM   2 B 12/XX/2018 NJ Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206258007           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/637128) The evidence of insurance disclosed an annual premium of [Redacted] for a monthly amount of [Redacted]; the CD disclosed monthly escrow of [Redacted].   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Corrected CD provided


Buyer Comment (2019-03-01): Please see proof of delivery uploaded for your review.


Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the estimating escrow payment, LOE, and Shipping Label. The Shipping Label indicates package has yet to ship. Please indicate when Proof of Delivery is available to cure.


Buyer Comment (2019-03-01): Please see PCCD/LOX/Label uploaded for your review.
   12/XX/2018  8:29:45 AM   2 B 12/XX/2018 NJ Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206258007           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/637129) The evidence of insurance disclosed an annual premium of [Redacted] for a monthly amount of [Redacted]; the CD disclosed monthly escrow of [Redacted].   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Corrected CD provided


Buyer Comment (2019-03-01): Please see proof of delivery uploaded for your review.


Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the estimating escrow payment, LOE, and Shipping Label. The Shipping Label indicates package has yet to ship. Please indicate when Proof of Delivery is available to cure.


Buyer Comment (2019-03-01): Please see PCCD/LOX/Label uploaded for your review.
   12/XX/2018  8:30:01 AM   2 B 12/XX/2018 NJ Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206258007           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/637126) The total monthly payment is incorrect due to the discrepancy in the insurance escrow amount.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Corrected CD provided


Buyer Comment (2019-03-01): Please see proof of delivery uploaded for your review.


Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the estimated total minimum payment, LOE, and Shipping Label. The Shipping Label indicates package has yet to ship. Please indicate when Proof of Delivery is available to cure.


Buyer Comment (2019-03-01): Please see PCCD/LOX/Label uploaded for your review.
   12/XX/2018  8:30:19 AM   2 B 12/XX/2018 NJ Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206258007           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Final/[Redacted]) Section G/Prepaids disclosed a monthly escrow amount of [Redacted] which calculates to an annual amount of [Redacted]; Section F/Prepaids disclosed [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  2:05:05 PM 2 B 12/XX/2018 NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258007           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD issued was not acknowledged as being received by the borrower x business days prior to closing.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx CD was received xx/xx/xxxx. Exception Cleared.


Buyer Comment (2019-03-01): Please see xx/x CD tracking uploaded for your review.
 12/XX/2018  4:48:29 PM     1 A 12/XX/2018 NJ Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258010           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Dwelling coverage of [Redacted] was insufficient to cover [Redacted] or [Redacted]  of estimated cost new per appraiser resulting in shortfall of $[Redacted].   Reviewer Comment (2019-03-01): HOI reflects replacement cost.


Buyer Comment (2019-03-01): Policy has Replacement cost See page x
 1/XX/2019  10:13:38 AM     1 A 12/XX/2018 FL Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206258010           Compliance Compliance Federal Compliance 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. Initial LE reflected a Loan Discount of [Redacted] yet the Final CD shows [Redacted].   Reviewer Comment (2019-03-01): Change of circumstances received - loan amount increase and pricing exception


Buyer Comment (2019-03-01): COC for loan amount,COC for discount points
 1/XX/2019  11:54:30 AM     1 A 12/XX/2018 FL 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 B C B A A Non QM Non QM Yes
206258010           Compliance Compliance Federal Compliance 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. Initial LE reflected a mortgage broker fee of [Redacted] yet the final CD shows [Redacted] without a valid changed circumstance.   Reviewer Comment (2019-03-01): Change of circumstances received - loan amount increase and pricing exception


Buyer Comment (2019-03-01): COC
 1/XX/2019  11:54:30 AM     1 A 12/XX/2018 FL 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 B C B A A Non QM Non QM Yes
206258010           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Final Closing Disclosure provided on [Redacted] disclosed an blank value of the dollar amount by which the Total Closing Costs exceeded the legal limit.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     1/XX/2019  6:07:17 PM 2 B 12/XX/2018 FL Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258010           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Initial CD issued on [Redacted] was not acknowledged as being received by the borrower x business days prior to closing.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx CD was received the same day. Exception Cleared.


Buyer Comment (2019-03-01): CD Tracking
 12/XX/2018  1:20:39 PM     1 A 12/XX/2018 FL Primary Refinance - Rate/Term No Defined Cure C B C B C B A A Non QM Non QM No
206258010           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing evidence borrower was provided a copy of the LO Compensation Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     1/XX/2019  6:08:09 PM 2 B 12/XX/2018 FL Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206258010           Credit Guideline Guideline Issue Borrower does not have the minimum active tradelines per guidelines.   Guidelines require a minimum of x active trades reporting [Redacted] months.  Approved Lender Exception is in file. No late payments on credit report in 83 months since judgment dated 11/2011.

Borrower self employed for over 8 years.

DTI 28.11087%, 213889% less than program max of 50%.

763 FICO, 83 points > program minimum of 680.

55.185% LTV, 29.815% < max of 85% per program guidelines.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  10:21:37 AM 2 B 12/XX/2018 FL Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206258010           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing proof of borrower % of ownership.   Reviewer Comment (2019-03-01): Articles of Incorporation provided.


Buyer Comment (2019-03-01): CD Tracking,XXX Docs
 12/XX/2018  1:55:22 PM     1 A 12/XX/2018 FL Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206258013           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.12770% or Final Disclosure APR of 7.16800% is in excess of allowable threshold of APOR 4.82% + 1.5%, or 6.32000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  1:18:13 PM 1 A 12/XX/2018 CA Primary Purchase   C A A A C A A A Non QM Non QM No
206258013           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 7.12770% or Final Disclosure APR of 7.16800% is in excess of allowable threshold of APOR 4.82% + 1.5%, or 6.32000%.  Compliant Higher Priced Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  1:18:20 PM 1 A 12/XX/2018 CA Primary Purchase   C A A A C A A A Non QM Non QM No
206258013           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Evidence of earlier receipt missing from file, initial CD not signed by borrower.   Reviewer Comment (2019-03-01): (Redacted) received attestation xnd CD issued xx/xx/xxxx was not issued to borrower. Exception Cleared.


Buyer Comment (2019-03-01): Uploaded For Review: Attestation


Reviewer Comment (2019-03-01): Please upload attestation again. It is not found in trailing documents.


Buyer Comment (2019-03-01): Uploaded For your review:  Letter of attestation


Reviewer Comment (2019-03-01): Please provide attestation to determine if can be cleared. The xnd CD is dated the same date with the same amount of closing costs.


Buyer Comment (2019-03-01): The xnd CD to which you are referring was never sent received by borrower and were only a part of closing docs ordered sent to the title company for the final.


Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the first xx/xx/xxxx CD was received xx/xx/xxxx. The xnd xx/xx/xxxx CD does not have an indicated receipt therefore the mailbox rule is used of xx/xx/xxxx.


Buyer Comment (2019-03-01): Uploaded For Review: Disclosure Tracking
 12/XX/2018  10:48:14 AM     1 A 12/XX/2018 CA Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
206258016           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.91670% or Final Disclosure APR of 6.97000% is in excess of allowable threshold of APOR 4.94% + 1.5%, or 6.44000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  11:28:41 AM 1 A 12/04/2018 CA Primary Purchase   B B A A B B A A Non QM Non QM No
206258016           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 6.91670% or Final Disclosure APR of 6.97000% is in excess of allowable threshold of APOR 4.94% + 1.5%, or 6.44000%.  Compliant Higher Priced Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  11:29:14 AM 1 A 12/04/2018 CA Primary Purchase   B B A A B B A A Non QM Non QM No
206258016           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Final/[Redacted]) Final disclosure reflects a per month calculation for homeowners insurance in section F that is not accurate. x months of premium equals [Redacted], disclosure reflects [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  3:35:38 PM 2 B 12/04/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
206258019           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.80730% or Final Disclosure APR of 6.81200% is in excess of allowable threshold of APOR 5.01% + 1.5%, or 6.51000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  3:06:48 PM 1 A 11/XX/2018 TX Primary Purchase   C B A A C B A A Non QM Non QM No
206258019           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. Application date is [Redacted] and disclosure provided on [Redacted]   Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): Closing package included trailing document showing CoC and LE dated xx/xx/xxxx changing the loan program from "fixed" to "ARM". Disclosure sent at program change. Please clear.
 12/XX/2018  9:24:59 AM     1 A 11/XX/2018 TX Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258019           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Final/[Redacted]) Homeowner's insurance premium under Prepaids is [Redacted] does not match amount per month calculation of [Redacted]. Premium should be [Redacted] as verified with evidence of insurance.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:33:57 PM 2 B 11/XX/2018 TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258019           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redacted]) The note verifies the loan is assumable; however, page x of final CD shows it will not allow assumption.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:34:04 PM 2 B 11/XX/2018 TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258019           Compliance Compliance Federal Compliance 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 1026.43(c)(5). Lender method Greater of the fully indexed or the note rate   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:34:09 PM 2 B 11/XX/2018 TX Primary Purchase   C B A A C B A A Non QM Non QM No
206258022           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.       Reviewer Comment (2019-03-01): CDAIR provided.


Buyer Comment (2019-03-01): CDAIR uploaded for review.
 12/XX/2018  1:52:07 PM     1 A 12/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206258022           Credit System General Flood Certificate Subject Address does not match Note address.   City name on flood cert shown as "[Redacted]", city on Note shown as "[Redacted]".   Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): As per USPS Zip code - City is XXX.  See attached.  All the zip codes match xxxxx.  The difference between XXX and XXX area is a matter of semantics.  The property is in XXXCounty which is general described as a City.
 12/XX/2018  1:09:59 PM     1 A 12/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206258022           Credit System General Valuation address does not match Note address. Valuation Type: Appraisal / Valuation Report Date: [Redacted] Valuation Type: Desk Review / Valuation Report Date: [Redacted] City name on appraisal shown as "[Redacted]" and "[Redacted]" on CDA, city on Note shown as "[Redacted]". Per USPS Zip delivers to [Redacted]   Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): As per USPS Zip code - City is XXX.  See attached.  All the zip codes match xxxxx.  The difference between XXX and XXX area is a matter of semantics.  The property is in XXXCounty which is general described as a City.
 12/XX/2018  1:10:08 PM     1 A 12/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206258022           Compliance Compliance Federal Compliance 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. (Type:Primary/[Redacted])     Buyer Comment (2019-03-01): (Redacted) has elected to Waive this exception.
     12/XX/2018  5:25:08 PM 2 B 12/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206258022           Compliance Compliance Federal Compliance 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 three (3) business days of application. Evidence of earlier receipt missing from file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:25:37 PM 2 B 12/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206258022           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Prepaid Tax Prepaid Other 1 Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] did not disclose number of months for Tax Prepaid - Other under Prepaids. (Final/[Redacted]) Number of months blank on CD.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:25:45 PM 2 B 12/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258022           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Prepaid Tax Prepaid Other 2 Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] did not disclose number of months for Tax Prepaid - Other under Prepaids. (Final/[Redacted]) Number of months blank on CD.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:25:55 PM 2 B 12/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258022           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Timing Truth in Lending Act (2015): Creditor or broker did not provide the Home Loan Toolkit Disclosure to applicant within 3 business days of application. Evidence of earlier receipt missing from file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:26:03 PM 2 B 12/XX/2018 CA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258022           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Evidence of earlier receipt missing from file, initial CD issued [Redacted] not signed by borrowers.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx was received the same day. Exception Cleared.


Buyer Comment (2019-03-01): See attached CD timing
 12/XX/2018  3:55:23 PM     1 A 12/XX/2018 CA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258022           Compliance Compliance Federal Compliance TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (Initial/[Redacted]) Evidence of earlier receipt missing from file.   Reviewer Comment (2019-03-01): (Redacted) received attestation from (Redacted) that it is not open for business on Saturdays and that it observed Veteran's Day on xx/xx.


Buyer Comment (2019-03-01): Saturday is not a (Redacted) business day and the xxth was Veterans day.  The LE was sent out with in three days.  Please clear the exception.


Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx LE was received xx/xx/xxxx. The origination application date is xx/xx/xxxx therefore the xx/xx/xxxx was not received within x business days of application.


Buyer Comment (2019-03-01): Please see attached
 12/XX/2018  4:55:58 PM     1 A 12/XX/2018 CA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258022           Compliance Compliance Federal Compliance TRID Service Provider Timing TILA-RESPA Integrated Disclosure: Borrower did not receive a list of service providers within 3 business days of application. Evidence of earlier receipt missing from file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:26:15 PM 2 B 12/XX/2018 CA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258022           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing [Redacted] months business statements for income from account [Redacted] for [Redacted]. DTI subject to change.   Reviewer Comment (2019-03-01): account statements for xxxx for xx/xxxx-xx/xxxx provided.


Buyer Comment (2019-03-01): Please see attached bk statements for account # xxxx


Reviewer Comment (2019-03-01): Per the bank statement analysis provided, statements used for qualifying are from a business account ending in xxxx. Deposits from personal statements in file do not match those on the analysis. Note that on analysis were it states "Account Number used" is incorrect. Account number should be next to "Business". See notes at bottom. Exception remains.


Buyer Comment (2019-03-01): Borrower doesn't have a business account acct # xxxx.  Can you please be more specific or double check the account #.
 12/XX/2018  3:47:55 PM     1 A 12/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206258025           Credit Missing Document General Missing Document: Borrower Ability to Repay Attestation not provided       Reviewer Comment (2019-03-01): Borrower Ability to Repay Attestation provided.
 12/XX/2018  8:16:55 AM     1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258025           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy.       Reviewer Comment (2019-03-01): Assets added for reserves.


Buyer Comment (2019-03-01): Please see LOX and copy of EMD over deposit refund check.
 12/XX/2018  8:16:38 AM     1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258025           Compliance Compliance Federal Compliance 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.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  8:09:53 PM 2 B 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258025           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Right to receive copy of appraisal not located in file   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  8:09:46 PM 2 B 12/XX/2018 FL Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM Yes
206258025           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. File does not evidence the consumer was provided with the Servicing Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  8:09:37 PM 2 B 12/XX/2018 FL Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM Yes
206258025           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  8:09:30 PM 2 B 12/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258025           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. The LE is not located in the file.   Reviewer Comment (2019-03-01): Loan Estimate provided.
 12/XX/2018  8:11:24 AM     1 A 12/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258025           Compliance Compliance Federal Compliance 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. 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.   Reviewer Comment (2019-03-01): After receipt of the LE's and fee entry exception cleared.


Buyer Comment (2019-03-01): Borrower shopped and selected their own Title company.
 12/XX/2018  11:11:20 AM     1 A 12/XX/2018 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
206258025           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Lender's Title Insurance.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Title - Lender's Title Insurance.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower.   Reviewer Comment (2019-03-01): Loan Estimate provided.


Buyer Comment (2019-03-01): Borrower shopped and selected their own Title company.
 12/XX/2018  8:11:24 AM     1 A 12/XX/2018 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
206258028           Credit Insurance Insurance Analysis Insufficient Coverage: Flood insurance coverage amount is insufficient.   Coverage is [Redacted]; estimated cost new is [Redacted].   Reviewer Comment (2019-03-01): Flood insurance coverage amount of $xxx,xxx provided.
 1/XX/2019  1:21:11 PM     1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258028           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.81800% or Final Disclosure APR of 6.91000% is in excess of allowable threshold of APOR 5.01% + 1.5%, or 6.51000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  12:29:18 PM 1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258028           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): waive
     12/XX/2018  10:33:08 AM 2 B 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258028           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Final/[Redacted]) Section G of the final CD disclosed a monthly escrow amount of [Redacted] which  calculates to an annual amount of [Redacted]; Section F/Prepaids disclosed a premium of [Redacted].  The insurance binder disclosed a premium of [Redacted]; the billing statement disclosed [Redacted].   Buyer Comment (2019-03-01): waive
     12/XX/2018  10:33:15 AM 2 B 12/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258028           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; the borrower signed on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received (Redacted) CD with receipt on (Redacted). Exception Cleared.
 12/XX/2018  3:08:33 PM     1 A 12/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258031           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:22:43 PM 2 B 12/XX/2018 MD Primary Purchase   B B A A B B A A Non QM Non QM No
206258034           Compliance Compliance Federal Compliance 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. (Type:Primary/[Redacted])     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:11:19 PM 2 B 11/XX/2018 NY Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
206258034           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. (Final/[Redacted]) The final CD disclosed a finance charge of [Redacted]; calculated finance charge is [Redacted], resulting in an under disclosure of [Redacted]. Due to PP interest and Service sales tax.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception cleared.


Buyer Comment (2019-03-01): See trailing document - (Redacted) report showing no TILA fails or under disclosures.
 12/XX/2018  11:16:31 AM     1 A 11/XX/2018 NY 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 A C B A A Non QM Non QM Yes
206258037           Credit Missing Document General Missing Document: Borrower Ability to Repay Attestation not provided       Reviewer Comment (2019-03-01): Borrower Ability to Repay Attestation provided.
 12/XX/2018  2:48:58 PM     1 A 12/XX/2018 OH Investment Refinance - Cash-out - Other   C A C A A A A A N/A N/A No
206258040           Credit Credit Miscellaneous Credit Exception:   Lender approved exception for self-employment of [Redacted] months vs. program requirement that at least one borrower must have been continually self-employed for x years. DTI of 39.499% < program maximum of 43%

No late payment on credit report since inception with earliest open date of 12/1991. No public records.

775 representative FICO score > 720 guideline minimum

70% LTV < 90% guideline max		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  11:45:50 AM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258040           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Cure for Loan origination fee of [Redacted] and Appraisal fee of $[Redacted] was not provided.   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure provided
   12/XX/2018  9:29:46 AM   2 B 12/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258040           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. The Home Loan Toolkit Disclosure was not located in file   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  3:20:01 PM 2 B 12/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258040           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2019-03-01): (Redacted) received the xx/xx/xxxx CD received the same day. Exception Cleared.
 12/XX/2018  11:59:16 AM     1 A 12/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258040           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Fee was not disclosed on Loan Estimate.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided


Reviewer Comment (2019-03-01): (Redacted) received PCCD indicating cure of $xxxx, LOE, Refund Checks, and Shipping Label. The Shipping Label indicates package has yet to ship. Please indicate when Proof of Delivery is available per tracking number to cure.
   12/XX/2018  9:30:30 AM   2 B 12/XX/2018 NY 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
206258040           Compliance Compliance Federal Compliance 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. Fee disclosed as $[Redacted] on LE dated [Redacted], but disclosed as $[Redacted] on Final Closing Disclosure.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided


Buyer Comment (2019-03-01): Delivery confirmation provided.  Please clear.


Reviewer Comment (2019-03-01): (Redacted) received PCCD indicating cure of $xxxx, LOE, Refund Checks, and Shipping Label. The Shipping Label indicates package has yet to ship. Please indicate when Proof of Delivery is available per tracking number to cure.


Buyer Comment (2019-03-01): Cure documents provided - see trailing documents uploaded.
   12/XX/2018  9:30:52 AM   2 B 12/XX/2018 NY 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
206258040           Compliance Compliance Federal Compliance 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 1026.43(c)(5).     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  10:04:45 AM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258040           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $x,xxx.xx plus 10% or $x,xxx.xx.  Insufficient or no cure was provided to the borrower. (0) $[Redacted] violation due to increase in Loan origination and Appraisal fees.  No evidence of cure.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx CD. Exception Cleared.


Buyer Comment (2019-03-01): Cure documents provided - see trailing documents uploaded.
 12/XX/2018  12:27:40 PM     1 A 12/XX/2018 NY 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
206258040           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  10:04:55 AM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258043           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.   Missing copy of the Appraisal from file.   Reviewer Comment (2019-03-01): Received property appraisal. Cleared.


Buyer Comment (2019-03-01): Appraisal uploaded.
 12/XX/2018  10:51:26 AM     1 A 12/XX/2018 FL Investment Purchase   D B D A B B A A N/A N/A No
206258043           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted]     Reviewer Comment (2019-03-01): xxxx or xxxx-T (xxxx) provided.
 1/XX/2019  9:53:06 AM     1 A 12/XX/2018 FL Investment Purchase   D B D A B B A A N/A N/A No
206258043           Compliance Compliance Federal Compliance 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 three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:Additional/[Redacted])     Buyer Comment (2019-03-01): waive
     12/XX/2018  1:28:34 PM 2 B 12/XX/2018 FL Investment Purchase   D B D A B B A A N/A N/A No
206258043           Credit Property - Appraisal Appraisal Documentation Missing Document: Appraisal not provided       Reviewer Comment (2019-03-01): Received property appraisal. Cleared.


Buyer Comment (2019-03-01): Appraisal uploaded.
 12/XX/2018  10:51:37 AM     1 A 12/XX/2018 FL Investment Purchase   D B D A B B A A N/A N/A No
206258043           Compliance Compliance Federal Compliance 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.     Buyer Comment (2019-03-01): waive
     12/XX/2018  1:27:27 PM 2 B 12/XX/2018 FL Investment Purchase   D B D A B B A A N/A N/A No
206258043           Compliance Compliance Federal Compliance Property Type Not Provided (Missing Data) Property Type. If property type is other than single family residence, state and federal testing may be impacted. Appraisal not provided   Buyer Comment (2019-03-01): waive
     12/XX/2018  1:27:14 PM 2 B 12/XX/2018 FL Investment Purchase   D B D A B B A A N/A N/A No
206258043           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: Borrower: [Redacted] Borrower: Borrower: [Redacted]     Reviewer Comment (2019-03-01): XXXXXX signed xxxxt provided.


Reviewer Comment (2019-03-01): XXXXXX xxxxt still missing from file.


Buyer Comment (2019-03-01): Uploaded 4506T
 1/XX/2019  1:45:16 PM     1 A 12/XX/2018 FL Investment Purchase   D B D A B B A A N/A N/A No
206258046           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.       Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): The xxxxD was completed on xx/x well after the disaster referenced.


Reviewer Comment (2019-03-01): Disaster end date is xx/xx/xxxx and effective date of appraisal is xx/xx/xxxx. Need post disaster inspection report.


Buyer Comment (2019-03-01): The xxxxD was completed by a licensed appraiser.  According to USPAP, if additional damage was denoted during the inspection it would have needed to be noted, why is this, along with photos of the subject, not acceptable to support that this is no further damage to the subject property?


Reviewer Comment (2019-03-01): xxx provided cannot be used for a Catastrophe inspection.


Buyer Comment (2019-03-01): CD Tracking,LE Tracking, Broker Agreement, Final Income Calc *See xx month Average with no income from xx/xxxx* xxxxD is dated  xx/x/xx which is after disaster end date
 12/XX/2018  1:31:58 PM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258046           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; the borrower signed on [Redacted].   Reviewer Comment (2019-03-01): Received disclosure tracking. Cleared.


Buyer Comment (2019-03-01): CD Tracking
 12/XX/2018  1:13:02 PM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206258046           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) The final LE was provided on [Redacted] with no evidence of early receipt; the borrower signed on [Redacted].   Reviewer Comment (2019-03-01): Received disclosure tracking. Cleared.


Buyer Comment (2019-03-01): CD Tracking,LE Tracking, Broker Agreement
 12/XX/2018  1:13:02 PM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206258046           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.     Reviewer Comment (2019-03-01): LO Compensation Steering Disclosure provided


Reviewer Comment (2019-03-01): Unable to clear. No date was provided on the document.


Buyer Comment (2019-03-01): CD Tracking,LE Tracking, Broker Agreement
 12/XX/2018  1:29:05 PM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258046           Compliance Compliance Federal Compliance TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on [Redacted] reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (Final/[Redacted]) The final CD disclosed the Credit Report Fee paid to the Broker in Section B.   Reviewer Comment (2019-03-01): The buyer has elected to waive this exception.


Buyer Comment (2019-03-01): Please waive
     12/XX/2018  1:25:32 PM 2 B 12/XX/2018 CA Primary Refinance - Cash-out - Other Good Faith Redisclosure C B C B C B A A Non QM Non QM Yes
206258046           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ Oct [Redacted] statement not provided for [Redacted] month analysis. 103 months reserves > 6 months guideline minimum - borrowers have verified reserves of $1,486,952.64

42.294% DTI on this bank statement documentation loan < 50% guideline max - 7.706% below program guideline maximum

778 representative FICO score > 660 guideline minimum - 118 points above guideline minimum		 Reviewer Comment (2019-03-01): Allow xx months of bank statements for income calculation vs program requirement of xx months.


Buyer Comment (2019-03-01): Exception Approval


Reviewer Comment (2019-03-01): Without the xx/xx bank statement, there is only xx months reviewed which is less than the requirement.


Buyer Comment (2019-03-01): CD Tracking,LE Tracking, Broker Agreement, Final Income Calc *See xx month Average with no income from xx/xxxx*
     1/XX/2019  12:20:56 PM 2 B 12/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258049           Compliance Compliance Federal Compliance 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 three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:Primary/[Redacted])     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  7:06:57 PM 2 B 12/XX/2018 FL Investment Purchase   B B A A B B A A N/A N/A No
206258049           Compliance Compliance Federal Compliance 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.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  7:07:07 PM 2 B 12/XX/2018 FL Investment Purchase   B B A A B B A A N/A N/A No
206258052           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower. Unable to determine Safe Harbor, Anti Steering disclosure not provided   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  7:09:52 PM 2 B 12/XX/2018 CA Primary Purchase   B B A A B B A A Non QM Non QM No
206258052           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator compensation disclosure was not in file   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  7:09:59 PM 2 B 12/XX/2018 CA Primary Purchase   B B A A B B A A Non QM Non QM No
206258052           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Final/[Redacted]) The homeowner's insurance pre paid [Redacted] does not match the pre month calculation of [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  7:10:05 PM 2 B 12/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
206258055           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  7:41:58 PM 2 B 11/XX/2018 AZ Second Home Purchase   B B A A B B A A Non QM Non QM No
206258055           Compliance Compliance Federal Compliance 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 1026.43(c)(5). Investor method Greater of the fully indexed rate or the note rare does not match the Non-QM method.   Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  8:28:22 AM 2 B 11/XX/2018 AZ Second Home Purchase   B B A A B B A A Non QM Non QM No
206258058           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.   FEMA disaster ended [Redacted] yet loan file is missing appraisal dated after disaster confirming it was inspected.   Reviewer Comment (2019-03-01): Received appraisal. Cleared.


Buyer Comment (2019-03-01): Uploaded For Review: Appraisal
 12/XX/2018  1:04:13 PM     1 A 12/XX/2018 FL Investment Refinance - Cash-out - Other   D B D A B B A A N/A N/A No
206258058           Credit Property - Appraisal Appraisal Documentation Missing Document: Appraisal not provided   Missing copy of appraisal.   Reviewer Comment (2019-03-01): Received appraisal. Cleared.


Buyer Comment (2019-03-01): Appraisal uploaded
 12/XX/2018  1:04:33 PM     1 A 12/XX/2018 FL Investment Refinance - Cash-out - Other   D B D A B B A A N/A N/A No
206258058           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Additional/[Redacted]) No evidence in file of appraisal report being provided to the borrower.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  10:59:07 AM 2 B 12/XX/2018 FL Investment Refinance - Cash-out - Other   D B D A B B A A N/A N/A No
206258058           Compliance Compliance Federal Compliance 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. Federal Flood Disclosure was not signed by the borrower.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  10:59:34 AM 2 B 12/XX/2018 FL Investment Refinance - Cash-out - Other   D B D A B B A A N/A N/A No
206258058           Credit Guideline Guideline Issue Aged document: Primary Valuation is older than guidelines permit Valuation Type: Appraisal / Valuation Report Date: [Redacted] Received appraisal. Report date is [Redacted] with a closing date of [Redacted] which exceeds lender guides.   Reviewer Comment (2019-03-01): Received update appraisal. Condition cleared.


Buyer Comment (2019-03-01): Updated appraisal for review
 12/XX/2018  10:33:36 AM     1 A 12/XX/2018 FL Investment Refinance - Cash-out - Other   D B D A B B A A N/A N/A No
206258064           Credit Credit Credit Documentation Missing Document: Credit Report not provided       Reviewer Comment (2019-03-01): Credit report provided.


Buyer Comment (2019-03-01): Credit Report uploaded.
 12/XX/2018  12:15:00 PM     1 A 12/XX/2018 FL Primary Purchase   D B D B C B A A Non QM Non QM No
206258064           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage amount is [Redacted];dies not meet loan amount of [Redacted] however meets [Redacted] of the estimated cost new ([Redacted] x [Redacted] =[Redacted])   Reviewer Comment (2019-03-01): RCE provided.


Buyer Comment (2019-03-01): Please see RCE


Reviewer Comment (2019-03-01): "Other structures" is not considered part dwelling coverage. Exception remains.


Buyer Comment (2019-03-01): Please re-review HOI evidence of insurance, the dwelling $xxx,xxx + other structures of $xx,xxx = total coverage of $xxx,xxx.
 12/XX/2018  9:37:49 AM     1 A 12/XX/2018 FL Primary Purchase   D B D B C B A A Non QM Non QM No
206258064           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:37:58 PM 2 B 12/XX/2018 FL Primary Purchase   D B D B C B A A Non QM Non QM No
206258064           Compliance Compliance Federal Compliance 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. Loan failed ATR requirements due to missing credit report.   Reviewer Comment (2019-03-01): Credit report provided.


Buyer Comment (2019-03-01): Credit Report uploaded.
 12/XX/2018  12:14:34 PM     1 A 12/XX/2018 FL Primary Purchase Lender to provide updated ATR/QM status D B D B C B A A Non QM Non QM Yes
206258064           Compliance Compliance Federal Compliance General Ability To Repay Provision Credit History Ability to Repay (Dodd-Frank 2014): Unable to verify debt obligations using reasonably reliable third-party records. Loan failed ATR requirements due to missing credit report.   Reviewer Comment (2019-03-01): Credit report provided.
 12/XX/2018  12:14:34 PM     1 A 12/XX/2018 FL Primary Purchase   D B D B C B A A Non QM Non QM No
206258064           Compliance Compliance Federal Compliance NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Loan failed ATR requirements due to missing credit report.   Reviewer Comment (2019-03-01): Credit report provided.
 12/XX/2018  12:14:34 PM     1 A 12/XX/2018 FL Primary Purchase   D B D B C B A A Non QM Non QM No
206258064           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; the borrower signed on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received the xx/xx/xxxx CD electronically signed the same day. Exception Cleared.


Buyer Comment (2019-03-01): Please see ESIGN, CD reflecting sent and received on xx/x
 12/XX/2018  1:08:44 PM     1 A 12/XX/2018 FL Primary Purchase No Defined Cure D B D B C B A A Non QM Non QM No
206258064           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the increases to the Title - Survey Fee and the Title - Wire Transfer Fee   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:38:13 PM 2 B 12/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B C B A A Non QM Non QM Yes
206258064           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero 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. The CD issued on [Redacted] increased the Title - Survey Fee without a valid change of circumstance; however, the fee does not appear to be a zero tolerance fee.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-03-01): PCCD documentation uploaded for review.


Reviewer Comment (2019-03-01): (Redacted) received the xx/xx/xxxx CD.  The Title-Survey Fee was disclosed on section B on the LE indicating borrower was not able to shop therefore subject to x% tolerance. Please provide corrected CD, LOE, Refund Check, and Proof of Delivery to cure.


Buyer Comment (2019-03-01): Please see SSPL, FINAL CD reflecting the borrower shopped for services
   12/XX/2018  2:36:50 PM   2 B 12/XX/2018 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 B C B A A Non QM Non QM Yes
206258064           Compliance Compliance Federal Compliance 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 CD issued on [Redacted] increased the Title - Wire Transfer Fee without a valid change of circumstance; however, the fee does not appear to be a zero tolerance fee.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-03-01): PCCD documentation uploaded


Reviewer Comment (2019-03-01): (Redacted) received the xx/xx/xxxx CD.  The Title-Wire Fee was disclosed on section B on the LE indicating borrower was not able to shop therefore subject to x% tolerance. Please provide corrected CD, LOE, Refund Check, and Proof of Delivery to cure.


Buyer Comment (2019-03-01): Please see SSPL, FINAL CD reflecting the borrower shopped for services
   12/XX/2018  2:37:19 PM   2 B 12/XX/2018 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 B C B A A Non QM Non QM Yes
206258064           Credit Credit Credit Eligibility Unacceptable credit - open collection account(s) within the last 12 months.   Student loan collection account with Dp of Educ for $[Redacted] (co-signed for daughter, she is out of work and is renegotiating the loan) to remain open vs program requirement that all non-medical collection accounts are paid in full prior to or at time of loan funding. Reserves of 17.89 months are 14.89 months greater than the program requirement of 3 months.

Borrower is self-employed as XXX.

DTI of 40% is 10% below the program maximum of 50%.

Credit score of 681 is 1 points above the program requirement of 680.

LTV of 65% is 10% less than program maximum of 80%.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  2:51:03 PM 2 B 12/XX/2018 FL Primary Purchase   D B D B C B A A Non QM Non QM No
206258064           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure xx/x/xxxx 12:00:00 AM was received. (Interim/[Redacted]) Added [Redacted]he [Redacted] CD was received [Redacted]. The [Redacted] LE does not indicate receipt therefore the mailbox rule was used for a receipt date of [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     12/XX/2018  4:33:00 PM 2 B 12/XX/2018 FL Primary Purchase No Defined Cure D B D B C B A A Non QM Non QM No
206258064           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Charge-offs / Balance:  [Redacted] Lender approved exception for program requirement that all non-medical collection accounts are paid in full prior to or at closing or at time loan funded. No public records.

Reserves of 17.89 months are 14.89 months greater than the program requirement of 3 months.

Borrower is self-employed as XXX

DTI of 40% is 10% below the program maximum of 50%.

Credit score of 681 is 1 points above the program requirement of 680.

LTV of 65% is 10% less than program maximum of 80%.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  4:41:59 PM 2 B 12/XX/2018 FL Primary Purchase   D B D B C B A A Non QM Non QM No
206258064           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Survey Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     12/XX/2018  5:00:04 PM 2 B 12/XX/2018 FL Primary Purchase   D B D B C B A A Non QM Non QM Yes
206258064           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With 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].  Sufficient or excess cure was provided to the borrower.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     12/XX/2018  4:59:49 PM 2 B 12/XX/2018 FL Primary Purchase   D B D B C B A A Non QM Non QM Yes
206258067           Credit Insurance Insurance Analysis Hazard Insurance Policy expires within 90 days of the Note Date.   Existing HOI policy due for renewal within [Redacted] days of note.   Reviewer Comment (2019-03-01): Updated HOI policy provided.


Buyer Comment (2019-03-01): Please see renewal policy uploaded for your review.
 1/XX/2019  1:51:02 PM     1 A 12/XX/2018 TX Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206258067           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing June [Redacted] Business statement from [Redacted] account #[Redacted].   Reviewer Comment (2019-03-01): (REDACTED) xxxx bank statement for account# xxxx provided.


Buyer Comment (2019-03-01): Please see (REDACTED) bank statement for account# xxxx uploaded for your review.


Reviewer Comment (2019-03-01): Need xx months of statements and only xx months used per analysis. Either provide (Redacted) or xx/xx/xxxx for complete xx months.


Buyer Comment (2019-03-01): Bank statement for (REDACTED) xxxx acct# xxxx was not used for income.  There are additional business bank statments from #xxxx in the file.
 1/XX/2019  1:40:57 PM     1 A 12/XX/2018 TX Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206258067           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.60470% or Final Disclosure APR of 7.64800% is in excess of allowable threshold of APOR 4.96% + 2.5%, or 7.46000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  10:03:03 AM 1 A 12/XX/2018 TX Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206258067           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing evidence borrower was provided the LO Compensation Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:29:23 PM 2 B 12/XX/2018 TX Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206258067           Compliance Compliance State Compliance (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) Texas Constitution Section 50(a)(6): Acknowledgment of the Fair Market Value not properly executed by the Lender. Texas Cash-out Fair Market Value Acknowledgement not signed by the Lender.   Reviewer Comment (2019-03-01): Texas Cash-out Fair Market Acknowledgment Signed By Lender provided


Buyer Comment (2019-03-01): FMV signed by lender uploaded for your review.
 12/XX/2018  10:13:23 AM     1 A 12/XX/2018 TX Primary Refinance - Cash-out - Other To Remediate: Lender must either sign the AFMV.  Best practices would be to deliver to the borrower the required disclosure signed by the lender 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
206258067           Compliance Compliance State Compliance (TX50(a)(6)) Texas Cash-out Loan  (Itemization of Points and Fees Not Provided At Least 1 Business Day Prior to Closing - No Waiver) Texas Constitution Section 50(a)(6): Final itemized disclosure of fees, points, costs and charges not provided to borrower at least one (1) business day prior to closing without a waiver. Texas Cash-out Itemized Disclosure signed at closing vs. x day prior to closing.   Reviewer Comment (2019-03-01): Disclosure does indicate to be provided one day prior to closing.


Buyer Comment (2019-03-01): The disclosure indicates to be provided but not signed until the day of closing.
 1/XX/2019  2:07:23 PM     1 A 12/XX/2018 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
206258067           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Final/[Redacted]) Prepaids Section F reflects [Redacted] months for Homeowner's Insurance Premium at [Redacted] yet annual premium is [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  11:31:59 AM 2 B 12/XX/2018 TX Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258067           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Total Costs Exceeding the Legal Limit on the Final CD is blank yet there is a zero percent tolerance fee increase for the Mortgage Broker fee totaling $[Redacted] and a lender credit of $[Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  11:32:13 AM 2 B 12/XX/2018 TX Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258067           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Evidence of earlier receipt missing from file, initial CD issued [Redacted] not signed by borrowers.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx was received the same day. Exception Cleared.


Buyer Comment (2019-03-01): Please see xx/x CD tracking uploaded for your review.
 12/XX/2018  8:18:39 AM     1 A 12/XX/2018 TX Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206258067           Compliance Compliance Federal Compliance 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. The initial LE did not reflect a mortgage broker fee yet the final CD shows a fee of $[Redacted].  No cure provided for overage.   Reviewer Comment (2019-03-01): Change of circumstance provided.


Buyer Comment (2019-03-01): COC uploaded for review.
 12/XX/2018  11:22:33 AM     1 A 12/XX/2018 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 C B C A C B A A Non QM Non QM Yes
206258070           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  2:11:02 PM 2 B 12/XX/2018 PA Second Home Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
206258070           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  2:11:14 PM 2 B 12/XX/2018 PA Second Home Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258070           Compliance Compliance Federal Compliance TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on [Redacted] reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (Final/[Redacted]) Credit report fee was paid to the broker in section B   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  2:11:25 PM 2 B 12/XX/2018 PA Second Home Refinance - Cash-out - Other Good Faith Redisclosure C B A A C B A A Non QM Non QM Yes
206258070           Compliance Compliance Federal Compliance 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 [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Zero 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.   Reviewer Comment (2019-03-01): Upon further review, the exception is cleared.


Buyer Comment (2019-03-01): Please escalate: As reflected on all Loan Estimates and Final CD, this fee is reflected under section "C", therefore there is no tolerance level.
 12/XX/2018  2:56:23 PM     1 A 12/XX/2018 PA 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
206258073           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing evidence borrower was provide the LO Compensation Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:52:21 PM 2 B 12/XX/2018 SC Primary Purchase   C B C A C B A A Non QM Non QM No
206258073           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Initial CD issued on [Redacted] was not acknowledged as being received by the borrower x business days prior to closing.   Reviewer Comment (2019-03-01): Disclosure Tracking provided.


Buyer Comment (2019-03-01): LE Tracking,CD Tracking
 12/XX/2018  3:32:11 PM     1 A 12/XX/2018 SC Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258073           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) Revised LE dated [Redacted] was not acknowledged as being received by the borrower x business days prior to closing.   Reviewer Comment (2019-03-01): Disclosure Tracking provided.


Buyer Comment (2019-03-01): LE Tracking,
 12/XX/2018  3:32:11 PM     1 A 12/XX/2018 SC Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258073           Credit Credit Credit Documentation Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Missing VOM for borrower's current residence located at [Redacted] or proof borrower does not own the property.   Reviewer Comment (2019-03-01): Closing statement provided.


Buyer Comment (2019-03-01): LE Tracking,CD Tracking,HUD for sale of xxx XXX XXX
 12/XX/2018  3:27:55 PM     1 A 12/XX/2018 SC Primary Purchase   C B C A C B A A Non QM Non QM No
206258073           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.87590% or Final Disclosure APR of 6.91300% is in excess of allowable threshold of APOR 4.85% + 1.5%, or 6.35000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  11:04:31 AM 1 A 12/XX/2018 SC Primary Purchase   C B C A C B A A Non QM Non QM No
206258073           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Courier / Express Mail / Messenger Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Initial LE reflected a title courier fee of $[Redacted] yet final CD shows $[Redacted].  Lender  provided a credit of [Redacted] which included the cure to cover the $[Redacted] increase.       12/XX/2018  10:41:40 AM   1 A 12/XX/2018 SC Primary Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
206258076           Compliance Compliance Federal Compliance 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.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:06:05 PM 2 B 12/XX/2018 FL Investment Purchase   B B A A B B A A N/A N/A No
206258079           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor             12/XX/2018  7:25:02 AM 2 B 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258079           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant             12/XX/2018  4:17:34 PM 1 A 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258079           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.             12/XX/2018  7:25:15 AM 2 B 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258079           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold)             12/XX/2018  4:17:52 PM 1 A 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258079           Compliance Compliance Federal Compliance TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien           12/XX/2018  8:21:22 AM   1 A 12/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258079           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Non Escrowed Property Costs Year 1           12/XX/2018  8:20:40 AM   2 B 12/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258079           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date.         12/XX/2018  9:50:07 AM     1 A 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258079           Credit Credit Miscellaneous Credit Exception:     759 representative FICO score 119 points > program requirement of 640.

80% LTV, 5% < program max of 85%.

Borrower has employment stability for 6 years as an attorney.		       12/XX/2018  10:51:14 AM 2 B 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258082           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Dwelling coverage on HOI declaration page reflects [Redacted] yet [Redacted] of cost to replace is [Redacted] resulting in a shortfall of .[Redacted] cents.   Reviewer Comment (2019-03-01): Hazard insurance policy with increased coverage amount provided.
 12/XX/2018  8:33:06 AM     1 A 12/XX/2018 FL Investment Purchase   C A C A A A A A N/A N/A No
206258082           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: Borrower: [Redacted], Borrower: Borrower: [Redacted] Borrower: Borrower: [Redacted] ___ Missing signed [Redacted] for all x borrowers as required on Jx Jumbo Prime product.   Reviewer Comment (2019-03-01): Signed xxxT for XXXXXX provided.


Reviewer Comment (2019-03-01): Missing signed xxxT for XXXXXX
 1/XX/2019  1:38:50 PM     1 A 12/XX/2018 FL Investment Purchase   C A C A A A A A N/A N/A No
206258085           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing XXX [Redacted] and May [Redacted] statements for [Redacted]business account [Redacted] used for income analysis.   Reviewer Comment (2019-03-01): (REDACTED) xxxx and (REDACTED) xxxx statements provided.
 12/XX/2018  12:41:32 PM     1 A 12/XX/2018 NY Investment Purchase   C A C A A A A A N/A N/A No
206258088           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Unable to determine when the Borrower received the initial closing disclosure because there are no signatures or dates. The estimated date of receipt would be the same day as closing not allowing the Borrower at least x business days to review before closing.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx CD was received xx/xx/xxxx. Exception Cleared.


Buyer Comment (2019-03-01): Please see xx/x CD tracking uploaded for your review.
 12/XX/2018  11:00:47 AM     1 A 12/XX/2018 CA Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258088           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Optional Fees TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed Optional fees in a section other than Section H. (Final/[Redacted]) Final Closing Disclosure provided on [Redacted] disclosed Optional fees not in Section H on page [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  2:52:08 PM 2 B 12/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258088           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) The Loan Estimate issued on [Redacted] did not include Borrower signature or date. The estimated date of receipt was [Redacted] which is less than x business days prior to closing.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the (Redacted) LE was received (Redacted). Exception Cleared.


Buyer Comment (2019-03-01): Please see xx/x LE uploaded for your review.
 12/XX/2018  11:03:44 AM     1 A 12/XX/2018 CA Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258088           Compliance Compliance Federal Compliance TILA LO Compensation (Impermissible Compensation Method) Loan Originator Compensation (Dodd-Frank 2014):  Unable to determine Compensation method used. The LO Compensation Disclosure in file only provides the amount of the compensation received but does not indicate what the figure was based upon.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  2:50:19 PM 2 B 12/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206258091           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date.       Reviewer Comment (2019-03-01): Hazard Insurance Policy Effective Date xx/xx/xxxx, provided.
 1/XX/2019  12:36:05 PM     1 A 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258091           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Evidence Toolkit Disclosure provided to borrower is missing.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:57:08 PM 2 B 12/XX/2018 NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258091           Compliance Compliance Federal Compliance ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. Evidence ARM program disclosure provided to borrower is missing.   Reviewer Comment (2019-03-01): ARM loan program disclosure provided


Buyer Comment (2019-03-01): ARM disclosure and CoC dated xx/xx/xx provided showing program change from Fixed to ARM.
 12/XX/2018  12:43:37 PM     1 A 12/XX/2018 NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258091           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. Evidence CHARM handbook provided to borrower is missing.   Reviewer Comment (2019-03-01): CHARM handbook provided


Buyer Comment (2019-03-01): CHARM booklet acknowledgment and CoC dated xx/xx/xx provided showing program change from Fixed to ARM.
 12/XX/2018  12:43:37 PM     1 A 12/XX/2018 NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258091           Compliance Compliance Federal Compliance 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 1026.43(c)(5). Investor method of Greater of the fully indexed rate or the note rate does not match the Non-QM method of Greater of the fully indexed rate at fully amortized payment or the note rate at fully amortized payment.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:57:00 PM 2 B 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258091           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application.     Reviewer Comment (2019-03-01): Evidence disclosure was provided to borrower at the time of the program change was provided. Condition cleared.


Buyer Comment (2019-03-01): COC previously provided showing program change from fixed to ARM.  Please clear.
 12/XX/2018  9:50:11 AM     1 A 12/XX/2018 NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258091           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Timing TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower within three (3) days of application.     Reviewer Comment (2019-03-01): Evidence disclosure was provided to borrower at the time of the program change was provided. Condition cleared.


Buyer Comment (2019-03-01): COC previously provided showing program change from fixed to ARM.  Please clear.
 12/XX/2018  9:50:17 AM     1 A 12/XX/2018 NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258097           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.       Reviewer Comment (2019-03-01): CDAIR provided.


Buyer Comment (2019-03-01): CDAIR uploaded for review.
 12/XX/2018  12:44:39 PM     1 A 12/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206258097           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing evidence of the borrower's receipt of the LO Compensation disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/XX/2018  4:07:29 PM 2 B 12/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM No
206258097           Compliance Compliance Federal Compliance TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. Please provide all pages of LE dated [Redacted]. File only contains page x.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/XX/2018  4:07:40 PM 2 B 12/XX/2018 CA Primary Purchase   C B C A C B A A Non QM Non QM Yes
206258097           Compliance Compliance Federal Compliance TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (Initial/[Redacted]) Please provide all pages of LE dated [Redacted]. File only contains page x.   Reviewer Comment (2019-03-01): Loan Estimate with all pages provided.


Buyer Comment (2019-03-01): xx/xx LE uploaded for review.


Reviewer Comment (2019-03-01): (Redacted) received xx/x/xxxx CD.  The (Redacted) LE is missing pages x and x.  Unable to address exception at this time.
 12/XX/2018  12:52:57 PM     1 A 12/XX/2018 CA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258103           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.32140% or Final Disclosure APR of 8.36900% is in excess of allowable threshold of APOR 4.96% + 1.5%, or 6.46000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  2:14:05 PM 1 A 12/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258103           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:46:50 PM 2 B 12/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258103           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Final disclosure reflects a total non escrowed expense of [Redacted], calculated total is [Redacted] CD reflects [Redacted] a month X [Redacted]=[Redacted] however appraisal reflects [Redacted]   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the non escrowed property costs over x year and LOE. Exception Cured.
   12/XX/2018  7:13:33 AM   2 B 12/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258103           Credit Credit Miscellaneous Credit Exception:   Borrower has 1 open trade line reporting paid as agreed since inception ([Redacted]) vs program requirement of at least two tradelines that have been active in the last 12 months. Lender approved Borrower is XXX for the past 2 years.

DTI is 7.03412%, 35.96588% < program maximum of 43%

Reserves are 63.79  months, 60.79 months > program requirement of 3 months.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  2:23:55 PM 2 B 12/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258106           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.85100% or Final Disclosure APR of 7.89200% is in excess of allowable threshold of APOR 4.57% + 1.5%, or 6.07000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  3:06:46 PM 1 A 12/XX/2018 NJ Primary Purchase   B B A A B B A A Non QM Non QM No
206258106           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:08:41 PM 2 B 12/XX/2018 NJ Primary Purchase   B B A A B B A A Non QM Non QM No
206258106           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Additional/[Redacted]) Missing evidence of appraisal delivery to the borrower.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:08:48 PM 2 B 12/XX/2018 NJ Primary Purchase   B B A A B B A A Non QM Non QM No
206258109           Credit Credit Miscellaneous Credit Exception:   Lender approved exception doc [Redacted] for borrower being self-employed x year x mos. vs. [Redacted] program requirement of two years. No public records, one open mortgage paid as agreed.

Borrower is self-employed XXX, in same line of work 25 years.

32.85678% DTI vs. program max of 50%.

743 FICO vs. program min. of 720.

55.686% LTV vs. program max of 90%.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  4:07:37 PM 2 B 12/XX/2018 CA Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206258109           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.39030% or Final Disclosure APR of 6.42100% is in excess of allowable threshold of APOR 4.84% + 1.5%, or 6.34000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  3:58:10 PM 1 A 12/XX/2018 CA Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206258109           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 6.39030% or Final Disclosure APR of 6.42100% is in excess of allowable threshold of APOR 4.84% + 1.5%, or 6.34000%.  Compliant Higher Priced Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  3:58:18 PM 1 A 12/XX/2018 CA Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206258109           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Not provided, field blank.  No cure provided increase in fees.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:15:29 PM 2 B 12/XX/2018 CA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258109           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Of Tax Return Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Initial LE dated [Redacted] did not reflect a fee for tax return transcripts yet subsequent LE's and CD's show a $[Redacted] fee without a valid changed circumstance.  Lender provided a credit of $[Redacted] however was not for increase in fees.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.


Buyer Comment (2019-03-01): COC uploaded for review.
 12/XX/2018  4:22:15 PM     1 A 12/XX/2018 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 B C B A A Non QM Non QM Yes
206258112           Credit Credit Miscellaneous Credit Exception:   Lender acknowledged exception for single entity ownership of [Redacted] of the units ([Redacted] out of [Redacted]) vs. program requirement that no single entity (individual, partnership, [Redacted] or corporation) may own more than [Redacted] of the total units in the subject project (other than original developer or sponsor) No public records

Borrower is a XXX for the past 13 years

Reserves are 9.53 months, 11.65 months > program requirement of 3 months

Credit score is 683, 3 points > program requirement of 680

LTV is 85%, 5% < program maximum of 90%

Low homeowner association dues delinquency - 6%. Long established condo, project first marketed inn 2006. No pending litigation in the project, no commercial space		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  1:44:00 PM 2 B 11/XX/2018 NV Primary Purchase   C B C B C A A A Non QM Non QM No
206258112           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing October [Redacted] and November [Redacted] for [Redacted]  #[Redacted] that Lender used to qualify.   Reviewer Comment (2019-03-01): (REDACTED) xxxx and (REDACTED) xxxx statements provided.
 12/XX/2018  2:31:25 PM     1 A 11/XX/2018 NV Primary Purchase   C B C B C A A A Non QM Non QM No
206258112           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) Property tax certification by title agent indicates property taxes are [Redacted] per quarter, x x = [Redacted] / [Redacted] =[Redacted] per month. CD indicates monthly escrow of [Redacted]   Reviewer Comment (2019-03-01): (Redacted) received email regarding tax amount. A tax certificate in file supports amount. Exception Cleared.


Buyer Comment (2019-03-01): Email from title confirming taxes uploaded for review.
 12/XX/2018  3:15:59 PM     1 A 11/XX/2018 NV Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C A A A Non QM Non QM Yes
206258112           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/645514) Property tax certification by title agent indicates property taxes are [Redacted] per quarter, x x = [Redacted] / [Redacted] =[Redacted] per month. CD indicates monthly escrow of [Redacted]   Reviewer Comment (2019-03-01): (Redacted) received email regarding tax amount. A tax certificate in file supports amount. Exception Cleared.


Buyer Comment (2019-03-01): Document uploaded to other exception.
 12/XX/2018  3:15:59 PM     1 A 11/XX/2018 NV Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C A A A Non QM Non QM Yes
206258112           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Fixed Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/645514) Property tax certification by title agent indicates property taxes are [Redacted] per quarter, x x = [Redacted] / [Redacted] =[Redacted] per month. CD indicates monthly escrow of [Redacted]   Reviewer Comment (2019-03-01): (Redacted) received email regarding tax amount. A tax certificate in file supports amount. Exception Cleared.


Buyer Comment (2019-03-01): Document uploaded to other exception.
 12/XX/2018  3:15:59 PM     1 A 11/XX/2018 NV Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C A A A Non QM Non QM Yes
206258112           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.04210% or Final Disclosure APR of 8.04500% is in excess of allowable threshold of APOR 4.98% + 1.5%, or 6.48000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  1:37:18 PM 1 A 11/XX/2018 NV Primary Purchase   C B C B C A A A Non QM Non QM No
206258115           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003   Missing Lenders Initial [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  10:15:52 AM 2 B 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258115           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  10:16:09 AM 2 B 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258115           Compliance Compliance Federal Compliance 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 for overage, discount fee increased without VCC.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception cleared.


Buyer Comment (2019-03-01): Please see Change of Circumstance uploaded for your review.
 12/XX/2018  11:22:43 AM     1 A 12/XX/2018 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
206258115           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. Evidence of earlier receipt missing from file.   Reviewer Comment (2019-03-01): Agree with lender


Buyer Comment (2019-03-01): Please see uploaded COC. Loan changed from fixed to ARM.
 12/XX/2018  9:56:15 AM     1 A 12/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258115           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Lender approved exception for loan amount [Redacted] vs. program max. of [Redacted]. No derogatory credit, 3 open and closed mortgages all rated paid as agreed.

Borrower self-employed XXX for last 5 years.

26.226% DTI vs. program max of 50%.

Unverified reserves are 29 months (< 4 verified) vs. program min. of 12 months.

781 FICO vs. program min. of 720.		 Reviewer Comment (2019-03-01): Buyer elected to waive the exception based on compensating factors.
     12/XX/2018  10:25:50 AM 2 B 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258115           Compliance Compliance Federal Compliance 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 1026.43(c)(5). Custom [Redacted] I/O qualifying rate.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  10:16:22 AM 2 B 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258115           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Figure not provided, field blank.  No cure provided for overages.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  10:16:35 AM 2 B 12/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258115           Credit Credit Miscellaneous Credit Exception:   Lender approved exception for Seller to carry x% xnd D/T, [Redacted] CLTV. No derogatory credit, 3 open and closed mortgages all rated paid as agreed.

Borrower self-employed XXX for last 5 years.

26.226% DTI vs. program max of 50%.

Unverified reserves are 29 months (< 4 verified) vs. program min. of 12 months.

781 FICO vs. program min. of 720.		 Reviewer Comment (2019-03-01): Buyer elected to waive the exception based on compensating factors.
     12/XX/2018  10:24:52 AM 2 B 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258115           Credit Assets Asset Calculation / Analysis Guideline Requirement: Available for Reserves discrepancy.   Verified assets is short of [Redacted] months plus x% of non-subject investment mortgages ([Redacted]), appears lender included business accounts twice on [Redacted].   Reviewer Comment (2019-03-01): Added funds from borrower per wire confirmation to assets for additional funds


Buyer Comment (2019-03-01): Below is asset breakdown and if the accidentally duplicate XXX funds $xxx,xxx.xx backed out:

(REDACTED) #xxxx -  $ xxx,xxx.xx
XXX #xxxx - $ xxx,xxx.xx - personal
XXX #xxxx - $ xx,xxx.xx - biz
XXX #xxxx - $ xx,xxx.xx - biz
XXX #xxxx - $ xx,xxx.xx - biz
(REDACTED) #xxxx - $ xxx,xxx.xx

TOTAL FUNDS = $ xxx,xxx.xx

TOTAL NEEDED FOR RESERVES & CASH TO CLOSE = $ xxx,xxx.xx (See below) this would leave borrower $ xx,xxx.xx overage of funds


Reviewer Comment (2019-03-01): Per final xxxx,  acct # xxxx, xxxx and xxxx are listed twice with funds.


Buyer Comment (2019-03-01): Total funds that the borrower has is $x,xxx,xxx, if the XXX account with $xxxxxx was backed out, it would leave $xxxxxx.  Total for reserves and cash to closed is $xxx,xxx.
 1/XX/2019  1:48:59 PM     1 A 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258115           Credit System General Valuation address does not match Note address. Valuation Type: Appraisal / Valuation Report Date: [Redacted] Primary report was updated to show subject street address as two words vs. one word on Note.  [Redacted]   Reviewer Comment (2019-03-01): Agree with lender


Buyer Comment (2019-03-01): Whether the Note or Appraisal/Valuation Report indicates Ocean Front vs Oceanfront, it secures the property.
 12/XX/2018  1:36:35 PM     1 A 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258115           Credit Assets Asset Calculation / Analysis Available for Closing is insufficient to cover Cash From Borrower.   Insufficient documentation of withdrawal of EMD funds from the borrower's investment account; the statement does not reflect a withdrawal matching the EMD deposit into checking on [Redacted].   Reviewer Comment (2019-03-01): Corrected usage %
 12/XX/2018  1:28:05 PM     1 A 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258115           Credit Credit Miscellaneous Credit Exception:   Please provide an updated Exception Approval which reflects the updated DTI; DTI is now [Redacted] vs. [Redacted] at approval.  Variance is due to the Lender's inclusion of transfers from other depository accounts - transfers from other accounts should be deducted from the total deposits.  DTI remains within program guidelines.   Reviewer Comment (2019-03-01): Loan is within guides no DTI exception was made.
 12/XX/2018  9:19:13 AM     1 A 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258118           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.09780% or Final Disclosure APR of 7.14700% is in excess of allowable threshold of APOR 4.85% + 1.5%, or 6.35000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  9:08:45 AM 1 A 12/XX/2018 NY Primary Purchase   B B A A B B A A Non QM Non QM No
206258118           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     12/XX/2018  1:52:58 PM 2 B 12/XX/2018 NY Primary Purchase   B B A A B B A A Non QM Non QM No
206258121           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:25:01 PM 2 B 12/XX/2018 TN Primary Refinance - Cash-out - Debt Consolidation   B B A A B B A A Non QM Non QM No
206258125           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:43:05 PM 2 B 12/XX/2018 SC Primary Purchase   C B A A C B A A Non QM Non QM No
206258125           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:44:35 PM 2 B 12/XX/2018 SC Primary Purchase   C B A A C B A A Non QM Non QM No
206258125           Compliance Compliance State Compliance South Carolina Home Loan (Acknowledgement of Receipt of Complaint Agency Disclosure Not In File) South Carolina 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. Form was not signed or completed with the regulatory agency information.   Reviewer Comment (2019-03-01): SC CHL signed by borrower


Buyer Comment (2019-03-01): SC CHL uploaded
 12/XX/2018  11:44:01 AM     1 A 12/XX/2018 SC Primary Purchase   C B A A C B A A Non QM Non QM No
206258125           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Closing Costs Exceeds Limits Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. (Final/[Redacted]) Section J of page x disclosed a tolerance cure of [Redacted]; however, the Calculated Cash to Close table on page x did not disclose a tolerance cure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:44:57 PM 2 B 12/XX/2018 SC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258125           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The tolerance cure disclosed in Section J, page x was not disclosed in the Calculating Cash to Close table on page x.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:45:11 PM 2 B 12/XX/2018 SC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258125           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; the borrower signed on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx CD was received the same day. Exception Cleared.


Buyer Comment (2019-03-01): CD tracking uploaded.
 12/XX/2018  7:41:12 AM     1 A 12/XX/2018 SC Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258125           Compliance Compliance Federal Compliance 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 CD issued on [Redacted] increased the Appraisal Fee without a valid change of circumstance.  A tolerance cure was provided.       12/XX/2018  10:06:29 AM   1 A 12/XX/2018 SC Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
206258130           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor   Missing evidence borrower was provided the Anti Steering Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     12/XX/2018  8:13:47 AM 2 B 12/XX/2018 CA Second Home Purchase   C B A A C B A A Non QM Non QM No
206258130           Compliance Compliance Federal Compliance ECOA Appraisal - Appraisal Provided Prior to Date Performed   Appraisal report in file is dated  [Redacted] yet borrower was provided a copy of the report on  [Redacted].  Missing evidence borrower was provided a copy of the revised report.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     12/XX/2018  2:03:17 PM 2 B 12/XX/2018 CA Second Home Purchase   C B A A C B A A Non QM Non QM No
206258130           Compliance Compliance Federal Compliance General Ability To Repay Provision Investor Qualification Method not Matching ATR   Investor used Qualification Method for interest only loans (Base rate + [Redacted])  from investor guidelines does not match 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 for Non-QM.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     12/XX/2018  8:14:30 AM 2 B 12/XX/2018 CA Second Home Purchase   C B A A C B A A Non QM Non QM No
206258130           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Non Escrowed Property Costs Year 1   The Appraisal disclosed monthly HOA dues of [Redacted] for [Redacted] per year.  The CD disclosed [Redacted] which equals $[Redacted] per month.  No other documentation in file confirming HOA dues are less than what was disclosed on the appraisal report.   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the non escrowed property costs over x year and LOE. Exception Cured.


Buyer Comment (2019-03-01): Please see CHECK LABEL, PCCD, LOX
   2/XX/2019  9:29:44 AM   2 B 12/XX/2018 CA Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258130           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits   The final CD did not provide a tolerance cure for the increase to the Loan Discount Points and the decrease to the Lender Credit.   Reviewer Comment (2019-03-01): (Redacted) received the PCCD, LOX, refund and proof of delivery.


Buyer Comment (2019-03-01): Please see UPS TRACKING


Reviewer Comment (2019-03-01): (Redacted) received PCCD indicating cure of $xxxxx.xx, LOE, Refund Check, and Shipping Label. The Shipping Label indicates it has not yet been delivered. Please indicate when Proof of Delivery is available to cure.


Buyer Comment (2019-03-01): Please see CHECK LABEL, PCCD, LOX
   2/XX/2019  8:48:26 AM   2 B 12/XX/2018 CA Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258130           Compliance Compliance Federal Compliance TRID Lender Credit Tolerance Violation   The LE issued on [Redacted] removed the Lender Credit without a valid change of circumstance.   Reviewer Comment (2019-03-01): (Redacted) received the PCCD, LOX, refund and proof of delivery.


Buyer Comment (2019-03-01): Please see UPS TRACKING


Reviewer Comment (2019-03-01): (Redacted) received PCCD indicating cure of $xxxxx.xx, LOE, Refund Check, and Shipping Label. The Shipping Label indicates it has not yet been delivered. Please indicate when Proof of Delivery is available to cure.


Buyer Comment (2019-03-01): Please see CHECK LABEL, PCCD, LOX
   2/XX/2019  8:48:14 AM   2 B 12/XX/2018 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 A A Non QM Non QM Yes
206258130           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided   The LE issued on [Redacted] increased the Loan Discount Points without a valid change of circumstance.   Reviewer Comment (2019-03-01): (Redacted) received the PCCD, LOX, refund and proof of delivery.


Buyer Comment (2019-03-01): Please see UPS TRACKING


Reviewer Comment (2019-03-01): (Redacted) received PCCD indicating cure of $xxxxx.xx, LOE, Refund Check, and Shipping Label. The Shipping Label indicates it has not yet been delivered. Please indicate when Proof of Delivery is available to cure.


Buyer Comment (2019-03-01): Please see CHECK LABEL, PCCD, LOX
   2/XX/2019  8:47:52 AM   2 B 12/XX/2018 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 A A Non QM Non QM Yes
206258133           Credit Missing Document General Missing Document: Borrower Ability to Repay Attestation not provided       Reviewer Comment (2019-03-01): Borrower Ability to Repay Attestation provided
 12/XX/2018  10:44:41 AM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
206258133           Compliance Loan Package Documentation Application / Processing Missing Document: Missing Lender's Initial 1003       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:19:32 PM 2 B 12/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
206258136           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan officer compensation disclosure is missing   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:17:13 PM 2 B 12/XX/2018 MI Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206258136           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Missing proof that initial closing disclosure dated [Redacted] was provided at least x business days prior to closing   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx CD was received the same day. Exception Cleared.


Buyer Comment (2019-03-01): Please see xx/xx CD tracking uploaded for your review.
 12/XX/2018  4:40:07 PM     1 A 12/XX/2018 MI Primary Refinance - Rate/Term No Defined Cure C B C B C B A A Non QM Non QM No
206258136           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) Missing proof that final revised loan estimate was provided to the borrower at least x business days prior to closing   Reviewer Comment (2019-03-01): Disclosure tracking details provided.
 12/XX/2018  4:13:58 PM     1 A 12/XX/2018 MI Primary Refinance - Rate/Term No Defined Cure C B C B C B A A Non QM Non QM No
206258136           Credit Credit Miscellaneous Credit Exception:   Property of [Redacted] acres vs program maximum of [Redacted] acres. Lender approved. Borrower's mortgage payment decreased by $2,705 per month

12.47 months reserves > 3 months guideline minimum

Borrower has self-employment stability for 20 years in the Legal industry

credit mid score is 685, 65 points less than program requirement of 620

42.383% DTI on Approval, documentation loan < 90% guideline max - 47.617% below program guideline maximum		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  4:15:30 PM 2 B 12/XX/2018 MI Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206258139           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Lender approved exception for DTI exceeding program maximum. Credit accounts are paid as agreed since 12/2016.

Borrower is currently self-employed as XXX for 4 years and has 5 years of experience as an XXX.

Credit score of 709 is 29 points above the program requirement of 680.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  4:21:44 PM 2 B 12/XX/2018 NC Primary Purchase   C B C B C B A A Non QM Non QM No
206258139           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.57720% or Final Disclosure APR of 7.62200% is in excess of allowable threshold of APOR 4.99% + 2.5%, or 7.49000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  4:18:32 PM 1 A 12/XX/2018 NC Primary Purchase   C B C B C B A A Non QM Non QM No
206258139           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:35:35 PM 2 B 12/XX/2018 NC Primary Purchase   C B C B C B A A Non QM Non QM No
206258139           Compliance Compliance Federal Compliance 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 43.05094% moderately exceeds the guideline maximum of 43.00%. (DTI Exception is eligible to be regraded with compensating factors.) Lender exception provided compensating factors. Credit accounts are paid as agreed since 12/2016.

Borrower is currently self-employed as XXX years and has 5 years of experience as an XXX.

Credit score of 709 is 29 points above the program requirement of 680.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  4:22:05 PM 2 B 12/XX/2018 NC Primary Purchase   C B C B C B A A Non QM Non QM No
206258139           Compliance Compliance State Compliance North Carolina Rate Spread Threshold Test Compliant North Carolina Rate Spread Home Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of APOR x.xx% + 2.5%, or x.xxxxx%.  Compliant Rate Spread Home Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:35:47 PM 2 B 12/XX/2018 NC Primary Purchase   C B C B C B A A Non QM Non QM No
206258139           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the increase to the Mortgage Broker Fee.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:35:56 PM 2 B 12/XX/2018 NC Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258139           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; the borrowers signed on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received DIsclosure Tracking indicating xx/xx/xxxx CD was received the same day. Exception Cleared.


Buyer Comment (2019-03-01): See attached LE Timing
 12/XX/2018  1:04:23 PM     1 A 12/XX/2018 NC Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258139           Compliance Compliance Federal Compliance TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on [Redacted] reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. (Final/[Redacted]) The final CD disclosed the Credit Report Fee paid to the Broker in Section B.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  12:36:06 PM 2 B 12/XX/2018 NC Primary Purchase Good Faith Redisclosure C B C B C B A A Non QM Non QM Yes
206258139           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) The final LE was provided on [Redacted] with no evidence of early receipt; the borrowers signed on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx LE was received the same day. Exception Cleared.


Buyer Comment (2019-03-01): See attached LE Timing
 12/XX/2018  1:07:52 PM     1 A 12/XX/2018 NC Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258139           Compliance Compliance Federal Compliance 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. The Mortgage Broker Fee was added to the LE issued on [Redacted] without a valid change of circumstance.   Reviewer Comment (2019-03-01): Change of circumstance provided


Buyer Comment (2019-03-01): See Vcoc attached.
 12/XX/2018  11:59:45 AM     1 A 12/XX/2018 NC 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
206258142           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:37:20 PM 2 B 12/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206258142           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:37:28 PM 2 B 12/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206258142           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.70490% or Final Disclosure APR of 6.73200% is in excess of allowable threshold of APOR 5.01% + 1.5%, or 6.51000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  8:53:43 AM 1 A 12/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206258142           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not disclose a tolerance cure for the increase to the Loan Discount Points.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:37:35 PM 2 B 12/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258142           Compliance Compliance Federal Compliance 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 LE issued on [Redacted] increased the Loan Discount Points without a valid change of circumstance.   Reviewer Comment (2019-03-01): Change of circumstance provided - Loan program changed.


Buyer Comment (2019-03-01): The lock confirmations confirm the change. Please review and clear.


Reviewer Comment (2019-03-01): (Redacted) received COC indicating a program change. Please provide documentation supporting program change to determine if COC can clear exception.


Buyer Comment (2019-03-01): COC uploaded.
 12/XX/2018  12:16:48 PM     1 A 12/XX/2018 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
206258145           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.88420% or Final Disclosure APR of 7.92600% is in excess of allowable threshold of APOR 4.96% + 1.5%, or 6.46000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  2:24:00 PM 1 A 12/XX/2018 MI Primary Purchase   C B A A C B A A Non QM Non QM No
206258145           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:25:04 PM 2 B 12/XX/2018 MI Primary Purchase   C B A A C B A A Non QM Non QM No
206258145           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The Appraisal disclosed monthly HOA fees of [Redacted] which calculates to annual amount of [Redacted].  The CD disclosed [Redacted].   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure provided


Buyer Comment (2019-03-01): PCCD,LOX,Label


Buyer Comment (2019-03-01): PCCD,LOX


Buyer Comment (2019-03-01): PCCD
   01/04/2019   2 B 12/XX/2018 MI Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258145           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; the borrower signed on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the initial CD was received the same day. Exception Cleared.


Buyer Comment (2019-03-01): CD Tracking
 12/XX/2018  8:34:45 AM     1 A 12/XX/2018 MI Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258148           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Please provide VVOE for Borrower's second employment with [Redacted], as income was used to qualify. Subject to re-qualification.   Reviewer Comment (2019-03-01): VVOE provided.
 12/XX/2018  3:37:44 PM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258148           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.53160% or Final Disclosure APR of 6.55900% is in excess of allowable threshold of APOR 4.96% + 1.5%, or 6.46000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  9:02:00 AM 1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258148           Compliance Compliance Federal Compliance 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. Fail due to missing VVOE for Borrower's second employment with [Redacted].   Reviewer Comment (2019-03-01): VVOE provided.
 12/XX/2018  3:37:19 PM     1 A 12/XX/2018 NY Primary Purchase Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
206258148           Compliance Compliance Federal Compliance General Ability To Repay Provision Employment - W-2 Ability to Repay (Dodd-Frank 2014): Unable to verify current Wages/W-2 employment status using reasonably reliable third-party records. ([Redacted]) Please provide VVOE for Borrower's second employment with [Redacted], as income was used to qualify. Subject to re-qualification.   Reviewer Comment (2019-03-01): VVOE provided.
 12/XX/2018  3:37:19 PM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258148           Compliance Compliance Federal Compliance NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Fail due to missing VVOE for Borrower's second employment with [Redacted].   Reviewer Comment (2019-03-01): VVOE provided.
 12/XX/2018  3:37:19 PM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258148           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Evidence of earlier borrower receipt was not found in file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  3:01:10 PM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258148           Credit Credit Credit Eligibility Guideline Issue:  Foreclosure timeline outside of credit guidelines   Previous foreclosure [Redacted] yrs prior to Close vs x yrs minimum requirement per guidelines. Per the LoanSafe Fraud Report dated [Redacted], a Foreclosure was reflected on [Redacted] for the Borrower. Borrower has been employed for 14 years as a XXX.

Credit score is 725, 85 points > program requirement of 640.

20.99 months reserves > 6 months guideline minimum - 14.99 month over.		 Reviewer Comment (2019-03-01): LTV is xx% with a NOD/pre-foreclosure xx months ago vs program max LTV of xx% with foreclosure xx months ago.


Buyer Comment (2019-03-01): Credit Exception uploaded.
     1/XX/2019  10:57:38 AM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258148           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  3:01:23 PM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258151           Compliance Compliance Federal Compliance 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 three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:Primary/[Redacted])     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:45:21 PM 2 B 12/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206258151           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:45:36 PM 2 B 12/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206258151           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. (Final/[Redacted]) The final CD disclosed a finance charge of [Redacted]; calculated finance charge is [Redacted], resulting in an under disclosure of [Redacted] (Settlement Fee).   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount and Corrected CD.


Buyer Comment (2019-03-01): PCCD,LOX,Check,UPS label


Buyer Comment (2019-03-01): PCCD,LOX,Check


Reviewer Comment (2019-03-01): (Redacted) received email and attestation.  The The Final CD disclosed a finance charge of $xxx,xxx.xx; calculated finance charge is $xxx,xxx.xx, resulting in an under disclosure of $xxx.xx.  (Redacted) acknowledges that the Closing Fee was disclosed on the LE.  This exception pertains to the overall Finance Charge on the loan.  Fees that are included in the finance charge calculation are Administration Fee $x,xxx, Flood Cert $xx, Points $x,xxx, Pre-paid Interest $xxx, Tax Service Fee $xx, Recording Service Fee $x and Closing / Settlement Fee $xxx.  Required cure Letter of Explanation, Proof of Delivery, Refund check for under disclosed amount, Corrected CD.


Buyer Comment (2019-03-01): XXX escalated to Compliance Mgr


Reviewer Comment (2019-03-01): No new information received.


Buyer Comment (2019-03-01): This was Escalated to XXX


Reviewer Comment (2019-03-01): While the fee (REDACTED) have been disclosed to the borrower from LE to final CD, albeit under a different fee description, the $xxx Closing Fee was not included in the finance charge calculation based on the (Redacted) Report in file. As a result, we have a $xxx finance charge under-disclosure ($xxx,xxx.xx disclosed vs. $xxx,xxx.xx actual). The cure provisions under Section xxx(b) of TILA require that "…the creditor or assignee notifies the person concerned of the error and makes whatever adjustments in the appropriate account are necessary to assure that the person will not be required to pay an amount in excess of the charge actually disclosed…". This cure would require the refund of the $xxx fee.
Note also that under the SFIG RMBS x.x Compliance Review Scope, a refund is further required for finance charge under-disclosures as well. Exception remains.


Reviewer Comment (2019-03-01): (Redacted) received the attestation, however, the fee purpose was to close the loan, and would require a PCCD, LOE and cure in the amount of $xxx.xx.


Buyer Comment (2019-03-01): Attestation


Reviewer Comment (2019-03-01): Finance charge is under-disclosed in the amount of $xxx.xx.  Please provide Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable in order to address the exception.


Buyer Comment (2019-03-01): The Settlement Fee listed on previous LE's and initial CD is listed as Closing Fee on Executed CD
   1/XX/2019  3:57:04 PM   2 B 12/XX/2018 FL 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 B A A C B A A Non QM Non QM Yes
206258151           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; the borrower signed on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx CD was received the same day. Exception Cleared.


Buyer Comment (2019-03-01): CD tracking uploaded.
 12/XX/2018  8:03:35 AM     1 A 12/XX/2018 FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258151           Property Appraisal Reconciliation Value Discrepancy Loan is missing secondary valuation product required for securitization.   Per guides, CDA or ARR required.   Reviewer Comment (2019-03-01): CDA provided.


Buyer Comment (2019-03-01): CDA uploaded.
 12/XX/2018  9:38:17 AM     1 A 12/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206258162           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.33200% or Final Disclosure APR of 7.36900% is in excess of allowable threshold of APOR 5.01% + 1.5%, or 6.51000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  12:01:49 PM 1 A 12/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258162           Compliance Compliance Federal Compliance TIL Higher Priced Mortgage Loan Safe Harbor TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:56:34 PM 2 B 12/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258162           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:55:07 PM 2 B 12/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258162           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; the borrowers signed on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating initial CD was received the same day. Exception Cleared.


Buyer Comment (2019-03-01): CD Tracking uploaded
 12/XX/2018  8:27:30 AM     1 A 12/XX/2018 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258162           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) The final LE was provided on [Redacted] with no evidence of early receipt; the borrowers signed on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the most recent LE was received the same day. Exception Cleared.


Buyer Comment (2019-03-01): LE Tracking uploaded
 12/XX/2018  8:27:30 AM     1 A 12/XX/2018 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258162           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.       Reviewer Comment (2019-03-01): Hazard Insurance policy reflects "Lender its successors and assigns".


Buyer Comment (2019-03-01): Please see HOI page x under Additional Interest reflects lender with "ISAOA" reference
 12/XX/2018  8:49:16 AM     1 A 12/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258162           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: Borrower: [Redacted] Borrower: Borrower: [Redacted] Borrower - July 2018 bank statement missing for 12 month analysis. Co-borrower Verbal VVOE > 10 days prior to note date.   Reviewer Comment (2019-03-01): (REDACTED) xxxx bank statement provided.


Buyer Comment (2019-03-01): Please see (REDACTED) xxxx
 12/XX/2018  8:49:45 AM     1 A 12/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258162           Credit Credit Miscellaneous Credit Exception:   Borrower us a self employed [Redacted] for the past 10 months vs program requirement that each Borrower whose self employment income is used to qualify for the loan must have been continuously self employed for two years. Lender approved. Guideline variance approved by lender at time of origination.  No public records.

Guideline variance approved by lender at time of origination.  Borrower is a XXXl for the past 10 months and was previously employed as a XXX for 9 years.

Reserves are 57.45 months, 54.45 months > program requirement of 3 months.

Guideline variance approved by lender at time of origination.  LTV is 62.903%, 2.097% < program maximum of 65%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  12:32:58 PM 2 B 12/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258162           Credit Employment Miscellaneous The verification of employment was not obtained within 10 days of the note date.   Missing VVOE for co-borrower.   Reviewer Comment (2019-03-01): VVOE for co-borrower provided.


Buyer Comment (2019-03-01): Please see VVOE
 01/04/2019     1 A 12/XX/2018 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258165           Compliance Compliance Federal Compliance 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. (Type:Primary/[Redacted]) The appraisal was provided to the Borrower after the effective date but prior to the signature report date.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:16:36 PM 2 B 12/XX/2018 MD Investment Refinance - Rate/Term   C B A A C B A A N/A N/A No
206258165           Compliance Compliance State Compliance Maryland SB270 Prepayment Penalty Test 2009 Maryland SB270: Mortgage loan contains an impermissible prepayment penalty. The state of Maryland does not permit a pre-payment penalty on an investment property.  Per discussion with [Redacted] outside counsel on related scenarios, exception may be downgraded to EVx-B given contractual language that states prepay will be imposed "unless otherwise prohibited by applicable law or regulation."   Buyer Comment (2019-03-01): (Redacted) elects to waive this exception.


Buyer Comment (2019-03-01): According to Md. Code Ann. Com. Law Section xx-xxx(f), commercial/business purpose loans of $xx,xxx or more are excluded from the definition of a "consumer borrower" to which the prepayment penalty prohibition applies (see Md. Code Ann. Com. Law Section xx-xxxx(a)). Therefore a prepayment penalty is permissible on commercial/business purpose loans greater than $xx,xxx.  

"§xx-xxxx. (f) "Consumer borrower" means an individual receiving a loan or other extension of credit under this subtitle for personal, household, or family purposes or an individual receiving a commercial loan or other extension of credit for any commercial purpose not in excess of $xx,xxx, secured by residential real property.
     12/XX/2018  9:41:47 AM 2 B 12/XX/2018 MD Investment Refinance - Rate/Term   C B A A C B A A N/A N/A No
206258168           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. No lender exception for reserves in file. Borrower has been self employed as a XXX for 10 yrears.

Credit Score is 667, 27 points > program requirement of 640.		 Reviewer Comment (2019-03-01): No reserves vs program requirement of x months of reserves.


Buyer Comment (2019-03-01): Please see approved exception
     1/XX/2019  9:21:16 AM 2 B 12/XX/2018 CA Primary Purchase   C B C B C B C A Non QM Non QM No
206258168           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.79540% or Final Disclosure APR of 7.83600% is in excess of allowable threshold of APOR 4.99% + 1.5%, or 6.49000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  9:05:46 AM 1 A 12/XX/2018 CA Primary Purchase   C B C B C B C A Non QM Non QM No
206258168           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:38:03 PM 2 B 12/XX/2018 CA Primary Purchase   C B C B C B C A Non QM Non QM No
206258168           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 7.79540% or Final Disclosure APR of 7.83600% is in excess of allowable threshold of APOR 4.99% + 1.5%, or 6.49000%.  Compliant Higher Priced Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  9:06:33 AM 1 A 12/XX/2018 CA Primary Purchase   C B C B C B C A Non QM Non QM No
206258168           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Not provided, field blank.  No cure provided for overages.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:38:19 PM 2 B 12/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B C A Non QM Non QM Yes
206258168           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Courier / Express Mail / Messenger Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. No cure provided for overage, courier fee increased without VCC   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided


Buyer Comment (2019-03-01): Please see REFUND DOCS which include PCCD, LOX,  Check and Label
   1/XX/2019  8:55:08 AM   2 B 12/XX/2018 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 C A Non QM Non QM Yes
206258168           Credit Missing Document General Missing Document: Desk Review not provided   Required CDA/Desk Review missing from file.   Reviewer Comment (2019-03-01): Received CDA. Cleared.


Buyer Comment (2019-03-01): CDA uploaded.
 12/XX/2018  9:44:53 AM     1 A 12/XX/2018 CA Primary Purchase   C B C B C B C A Non QM Non QM No
206258168           Property Appraisal Reconciliation Value Discrepancy Loan is to go in a securitization and reflects only one valuation product when two are required.   File missing secondary valuation, required CDA not in file.   Reviewer Comment (2019-03-01): Received CDA. Cleared.


Buyer Comment (2019-03-01): CDA has been uploaded.
 12/XX/2018  9:45:11 AM     1 A 12/XX/2018 CA Primary Purchase   C B C B C B C A Non QM Non QM No
206258168           Credit Loan Package Documentation Application / Processing Missing Valuation: Valuation Type: Desk Review / Valuation Report Date: <empty>     Reviewer Comment (2019-03-01): Received CDA. Cleared.


Buyer Comment (2019-03-01): CDA has been uploaded.
 12/XX/2018  9:45:24 AM     1 A 12/XX/2018 CA Primary Purchase   C B C B C B C A Non QM Non QM No
206258168           Credit Assets Asset Documentation Guideline Issue:Insufficient asset documentation. Financial Institution: [Redacted] / End Date: [Redacted] // Account Type:[Redacted]/ Account Number: [Redacted] Please provide the additional statement for account [Redacted] to cover [Redacted] days.   Reviewer Comment (2019-03-01): Received addl bank statement. Cleared.


Buyer Comment (2019-03-01): Please see CITI xxxx (REDACTED)
 12/XX/2018  9:45:46 AM     1 A 12/XX/2018 CA Primary Purchase   C B C B C B C A Non QM Non QM No
206258171           Credit Loan Package Documentation Closing / Title Missing Document: Security Instrument not provided       Reviewer Comment (2019-03-01): Security Instrument provided.


Buyer Comment (2019-03-01): Security Instrument uploaded.
 12/XX/2018  9:49:50 AM     1 A 12/XX/2018 FL Primary Purchase   D B D A C B A A Non QM Non QM No
206258171           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.64290% or Final Disclosure APR of 8.66800% is in excess of allowable threshold of APOR 5.01% + 1.5%, or 6.51000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  1:10:29 PM 1 A 12/XX/2018 FL Primary Purchase   D B D A C B A A Non QM Non QM No
206258171           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:36:37 PM 2 B 12/XX/2018 FL Primary Purchase   D B D A C B A A Non QM Non QM No
206258171           Compliance Compliance Federal Compliance 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.) (Final/ [Redacted]) No seller paid fees shown on Borrower or Seller CDs.   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure adding seller fees provided


Buyer Comment (2019-03-01): Please see PCCD/LOX/Label uploaded for your review.
   1/XX/2019  12:30:03 PM   1 A 12/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A C B A A Non QM Non QM Yes
206258171           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Evidence of earlier receipt missing from file, initial CD not signed by borrower.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the initial CD was received the same day. Exception Cleared.


Buyer Comment (2019-03-01): CD tracking uploaded.
 12/XX/2018  9:04:14 AM     1 A 12/XX/2018 FL Primary Purchase No Defined Cure D B D A C B A A Non QM Non QM No
206258174           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. The subject transaction is limited to a maximum [Redacted] LTV due to the discharged bankruptcy not meeting the seasoning requirements of [Redacted] months. A Lender acknowledged exception was granted. Borrower rented the subject property for 7 years before purchasing the property.

CPA letter provided confirming Borrower is 100% XXX business for the past 2 years.

Verified reserves in the amount of 29.41 months versus the program requirement for 9 months.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  1:33:32 PM 2 B 12/XX/2018 IL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258174           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 9.37030% or Final Disclosure APR of 9.41200% is in excess of allowable threshold of APOR 4.99% + 1.5%, or 6.49000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  1:29:15 PM 1 A 12/XX/2018 IL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258174           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Unable to determine what the Broker's compensation was based upon due to missing Loan Originator Compensation disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:57:54 PM 2 B 12/XX/2018 IL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258174           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Evidence of earlier receipt missing from file, initial CD not signed by borrower.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx CD was received the same day. Exception Cleared.


Buyer Comment (2019-03-01): CD tracking uploaded.
 12/XX/2018  9:10:51 AM     1 A 12/XX/2018 IL Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206258174           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) Evidence of earlier receipt missing from file, revised LE not signed by borrower.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the most recent LE was received xx/xx/xxxx. Exception Cleared.


Buyer Comment (2019-03-01): LE tracking uploaded.
 12/XX/2018  9:10:51 AM     1 A 12/XX/2018 IL Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206258174           Credit Credit Miscellaneous Credit Exception:   Borrower experienced a Bankruptcy [Redacted] months ago ([Redacted]) vs program requirement of no foreclosure, bankruptcy, deed in lieu or short sale over 48 months at standard LTV's and reserves. Borrower rented the subject property for 7 years before purchasing the property.

CPA letter provided confirming Borrower is 100% XXX business for the past 2 years.

Verified reserves in the amount of 29.41 months versus the program requirement for 9 months.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  1:38:58 PM 2 B 12/XX/2018 IL Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258177           Credit Loan Package Documentation Closing / Title Missing Document: Rider - Other not provided   Page x of the Prepayment Rider was not complete [Redacted].   Reviewer Comment (2019-03-01): Corrected Prepayment Rider provided


Buyer Comment (2019-03-01): Please see PREPAYMENT RIDER - complete doc
 12/XX/2018  9:17:53 AM     1 A 12/XX/2018 CO Investment Refinance - Cash-out - Home Improvement   C B C A B B A A N/A N/A No
206258177           Compliance Compliance Federal Compliance 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. (Type:Primary/[Redacted]) Appraisal received [Redacted] prior to the report date [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  7:06:06 PM 2 B 12/XX/2018 CO Investment Refinance - Cash-out - Home Improvement   C B C A B B A A N/A N/A No
206258177           Compliance Compliance Federal Compliance 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.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  7:06:19 PM 2 B 12/XX/2018 CO Investment Refinance - Cash-out - Home Improvement   C B C A B B A A N/A N/A No
206258180           Compliance Compliance Federal Compliance 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. (Type:Primary/[Redacted]) Date valuation provided was for the initial appraisal and did not include subsequent valuations Unable to determine compliance timing requirements   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  10:02:37 AM 2 B 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258180           Compliance Compliance Federal Compliance 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. (Type:Additional/[Redacted]) Date valuation provided was for the initial appraisal and did not include subsequent valuations. Unable to determine compliance timing requirements   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  10:02:49 AM 2 B 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258180           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator compensation disclosure was not in file, unable to determine if the compensation was based on a term of the transaction   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  10:03:02 AM 2 B 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258180           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) Escrowed property cost over Year x is not accurate   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting escrowed property costs over x year and LOE. Exception Cured.


Buyer Comment (2019-03-01): Please see PCCD/LOX/Label uploaded for your review.


Reviewer Comment (2019-03-01): The xx-month break down of escrow yearly amount is $xxxx.xx.  The amount for escrowed property costs for one year of $xxxx disclosed on the final CD exceeds the allowed margin of error ($.xx per month) by $.xx.  Please provide corrected CD and LOE in order to address the exception.
   1/XX/2019  2:11:20 PM   2 B 12/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258180           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/649911) The escrow payment of [Redacted] per month is not accurate. The correct estimate should be [Redacted] monthly.   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting escrow payment and LOE. Exception Cured.


Buyer Comment (2019-03-01): Please see PCCD/LOX/Label uploaded for your review.


Reviewer Comment (2019-03-01): The xx-month break down of Monthly Escrow Payment is $xxx.xx The amount for Monthly Escrow Payment of $xxx disclosed on the final CD is incorrect.  Please provide corrected CD and LOE in order to address the exception.
   1/XX/2019  2:12:03 PM   2 B 12/XX/2018 FL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206258180           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/649912) The escrow payment of [Redacted] per month is not accurate. The correct estimate should be [Redacted] monthly.   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting escrow payment and LOE. Exception Cured.


Buyer Comment (2019-03-01): Please see PCCD/LOX/Label uploaded for your review.


Reviewer Comment (2019-03-01): The Monthly Escrow Payment is $xxx.xx The amount for Payment stream x of $xxx disclosed on the final CD is incorrect. Please provide corrected CD and LOE in order to address the exception.
   1/XX/2019  2:12:34 PM   2 B 12/XX/2018 FL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206258180           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/649913) The escrow payment of [Redacted] per month is not accurate. The correct estimate should be [Redacted] monthly.   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting escrow payment and LOE. Exception Cured.


Buyer Comment (2019-03-01): Please see PCCD/LOX/Label uploaded for your review.


Reviewer Comment (2019-03-01): The Monthly Escrow Payment is $xxx.xx The amount for Payment stream x of $xxx disclosed on the final CD is incorrect. Please provide corrected CD and LOE in order to address the exception.
   1/XX/2019  2:12:49 PM   2 B 12/XX/2018 FL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206258180           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/649914) The escrow payment of [Redacted] per month is not accurate. The correct estimate should be [Redacted] monthly.   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting escrow payment and LOE. Exception Cured.


Buyer Comment (2019-03-01): Please see PCCD/LOX/Label uploaded for your review.


Reviewer Comment (2019-03-01): The Monthly Escrow Payment is $xxx.xx The amount for Payment stream x of $xxx disclosed on the final CD is incorrect. Please provide corrected CD and LOE in order to address the exception.
   1/XX/2019  2:13:07 PM   2 B 12/XX/2018 FL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206258180           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/649911) The estimated total monthly payment is inaccurate as a result of the incorrect escrow payment amount   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting escrow payment and LOE. Exception Cured.


Buyer Comment (2019-03-01): Please see PCCD/LOX/Label uploaded for your review.


Reviewer Comment (2019-03-01): The Monthly Escrow Payment is $xxx.xx The amount for Payment stream x of $xxx disclosed on the final CD is incorrect. Please provide corrected CD and LOE in order to address the exception.
   1/XX/2019  2:13:33 PM   2 B 12/XX/2018 FL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206258180           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Final/[Redacted]) The homeowners insurance under Prepaids does not match amount per month calculation. $[Redacted] = [Redacted] Amount used for escrow was [Redacted] per month   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  10:03:16 AM 2 B 12/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258180           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The Final Closing Disclosure stated an incorrect amount that the Total Closing Cost exceeded the legal limit   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  10:03:32 AM 2 B 12/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258180           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure [Redacted] 12:00:00 AM was received. (Interim/[Redacted]) The Revised loan estimate issued [Redacted] was received after the date that the Closing Disclosure issued [Redacted] was sent.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  10:03:46 AM 2 B 12/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258180           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) The Loan Estimate issued [Redacted] was not received by the borrower at least x business days before closing   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx :LE was received the same day. Exception Cleared.


Buyer Comment (2019-03-01): Please see xx/xx LE tracking uploaded for your review.
 12/XX/2018  8:05:57 AM     1 A 12/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258180           Compliance Compliance Federal Compliance 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 of [Redacted] exceeds tolerance of [Redacted]. No cure was provided to the borrower.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.


Buyer Comment (2019-03-01): COC uploaded for review.
 1/XX/2019  2:43:33 PM     1 A 12/XX/2018 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
206258180           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy.   [Redacted]   Reviewer Comment (2019-03-01): Removed rental payment from liabilities due to borrower purchasing primary residence.


Buyer Comment (2019-03-01): Please see the letter of explanation stating they were paying the father's mortgage while they were living at the fathers house prior to our subject loan which was the purchase of their primary residence.


Reviewer Comment (2019-03-01): Updated DTI is xx.xxx% due to bank statements used for calculation are business and can only use xx% of deposits, also borrower owns only xx% of the business, so adjusted usage rate to xx.x% of deposits.


Buyer Comment (2019-03-01): Please see revised Ax calculator and and additional bank account used for income uploaded for your review.
 1/XX/2019  1:47:57 PM     1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258180           Compliance Compliance Federal Compliance 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. DTI ratio exceeds the investor guidelines due to incorrect income calculation and exclusion of a rent payment.   Reviewer Comment (2019-03-01): Updated liabilities.


Reviewer Comment (2019-03-01): Updated DTI is xx.xxx% due to bank statements used for calculation are business and can only use xx% of deposits, also borrower owns only xx% of the business, so adjusted usage rate to xx.x% of deposits.


Buyer Comment (2019-03-01): Please see revised Ax calculator and and additional bank account used for income uploaded for your review.
 1/XX/2019  1:49:42 PM     1 A 12/XX/2018 FL Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C A C B A A Non QM Non QM Yes
206258180           Compliance Compliance Federal Compliance 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 75.44092% significantly exceeds the guideline maximum of 50.00%.  (DTI Exception cannot be compensated to a lower grade.) [Redacted]   Reviewer Comment (2019-03-01): Additional bank statements included in calculation.


Buyer Comment (2019-03-01): Please see revised Ax calculator and and additional bank account used for income uploaded for your review.
 1/XX/2019  11:31:57 AM     1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258180           Compliance Compliance Federal Compliance 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. The loan does not meet Investor DTI requirements and exceeds [Redacted] DTI.   Reviewer Comment (2019-03-01): Updated liabilities.


Buyer Comment (2019-03-01): Please see the letter of explanation stating they were paying the father's mortgage while they were living at the fathers house prior to our subject loan which was the purchase of their primary residence.


Reviewer Comment (2019-03-01): Updated DTI is xx.xxx% due to bank statements used for calculation are business and can only use xx% of deposits, also borrower owns only xx% of the business, so adjusted usage rate to xx.x% of deposits.


Buyer Comment (2019-03-01): Please see revised Ax calculator and and additional bank account used for income uploaded for your review.
 1/XX/2019  1:49:42 PM     1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258180           Compliance Compliance Federal Compliance 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 50.10470% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.)     Reviewer Comment (2019-03-01): Removed rental payment from liabilities due to purchasing a primary residence.


Buyer Comment (2019-03-01): Please see the letter of explanation stating they were paying the father's mortgage while they were living at the fathers house prior to our subject loan which was the purchase of their primary residence.
 1/XX/2019  1:40:56 PM     1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258183           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     12/XX/2018  5:35:17 PM 2 B 12/XX/2018 MT Second Home Purchase   C B C B C B A A Non QM Non QM No
206258183           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Non-escrowed HOA dues are off on final CD, annual HOA dues per valuation report is [Redacted] vs. [Redacted] on final CD.   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting the non escrowed property costs over x year and LOE. Exception Cured.


Buyer Comment (2019-03-01): Please see PCCD, LOX, LABEL
   1/XX/2019  3:08:01 PM   2 B 12/XX/2018 MT Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258183           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero 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. $[Redacted] cure provided for this overage, second appraisal fee added without VCC.       12/XX/2018  3:19:17 PM   1 A 12/XX/2018 MT Second Home Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
206258183           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Closing Costs Exceeds Limits Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. (Final/[Redacted]) Not provided, field blank on pg. x of CD.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     1/XX/2019  1:47:32 PM 2 B 12/XX/2018 MT Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258183           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Not provided, field blank on pg. x of CD.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     1/XX/2019  1:47:45 PM 2 B 12/XX/2018 MT Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258183           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Tax Liens / Balance: [Redacted], Credit Report: Original // Public Record Type: Tax Liens / Balance: [Redacted] Unpaid tax liens on credit report, no evidence of satisfaction in file.   Reviewer Comment (2019-03-01): Agree with lender, no public records exist on CBR.


Buyer Comment (2019-03-01): Please see SUPPLEMENT reflecting there are no public records / tax liens
 1/XX/2019  2:18:53 PM     1 A 12/XX/2018 MT Second Home Purchase   C B C B C B A A Non QM Non QM No
206258183           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Approved lender exception doc 0009 for 73.75% LTV vs. program max of 60%. Please provide updated exception as max LTV per 10/19 guides is 70%. Reserves of 23.6 months, 11.6 months > program requirement of 12 months.

Credit score is 742, 22 points > program requirement of 720

No derogatory credit.		 Reviewer Comment (2019-03-01): LTV is xx.xx% vs program max of xx%


Buyer Comment (2019-03-01): Please see REVISED APPROVED EXCEPTION
     1/XX/2019  3:24:04 PM 2 B 12/XX/2018 MT Second Home Purchase   C B C B C B A A Non QM Non QM No
206258186           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Charge-offs / Balance:  [Redacted]     Reviewer Comment (2019-03-01): Case summary details provided to show judgment paid.


Buyer Comment (2019-03-01): Proof of Judgement
 1/XX/2019  1:13:19 PM     1 A 12/XX/2018 IL Primary Purchase   C B C B C B A A Non QM Non QM No
206258186           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Recalculated DTI is higher based on updated monthly liabilities reflected on credit report supplement.  The average of the borrower's income was calculated on an inaccurate number of month of year to date earnings. Borrower has employment stability for 20 years as a XXX.

8 months reserves > 3 months guideline minimum - borrowers have verified reserves of $42,571.22

Credit score is 689, 9 points > program requirement of 680		 Reviewer Comment (2019-03-01): DTI is xx.xxx% vs program max of xx%


Buyer Comment (2019-03-01): Exception Approval


Reviewer Comment (2019-03-01): Advised by upper mngt that the CBR obtained prior to close is what is used in DTI calculation.


Buyer Comment (2019-03-01): (Redacted) always uses Broker CBR  and pulls Due Diligence CBR to make sure no new accounts opened and no scores obtained


Reviewer Comment (2019-03-01): Adjusted income, however discrepancy due to difference in amount used for liabilities. Lender has a total of $xxxx and per CBR provided, reviewer has $xxxx.xx.


Buyer Comment (2019-03-01): Borrower hired x/x/xx per VVOE  Income Calc provided
     1/XX/2019  1:15:41 PM 2 B 12/XX/2018 IL Primary Purchase   C B C B C B A A Non QM Non QM No
206258186           Compliance Compliance Federal Compliance 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.     Reviewer Comment (2019-03-01): Lender DTI exception provided.


Buyer Comment (2019-03-01): Exception Approval
 1/XX/2019  1:27:26 PM     1 A 12/XX/2018 IL Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C B C B A A Non QM Non QM Yes
206258186           Compliance Compliance Federal Compliance 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 44.54955% moderately exceeds the guideline maximum of 43.00%. (DTI Exception is eligible to be regraded with compensating factors.)   Borrower has employment stability for 20 years as a XXX.

8 months reserves > 3 months guideline minimum - borrowers have verified reserves of $42,571.22

Credit score of 689, 9 points > program requirements of 680		 Reviewer Comment (2019-03-01): DTI is xx.xxx% vs program max of xx%


Buyer Comment (2019-03-01): Exception Approval
     1/XX/2019  1:25:51 PM 2 B 12/XX/2018 IL Primary Purchase   C B C B C B A A Non QM Non QM No
206258186           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure [Redacted] 12:00:00 AM was received. (Interim/[Redacted]) Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx LE was received xx/xx/xxxx. Exception Cleared.


Buyer Comment (2019-03-01): LE tracking was uploaded.
 12/XX/2018  8:12:24 AM     1 A 12/XX/2018 IL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258186           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx LE was received xx/xx/xxxx. Exception Cleared.


Buyer Comment (2019-03-01): LE tracking uploaded.
 12/XX/2018  8:12:24 AM     1 A 12/XX/2018 IL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258186           Compliance Compliance Federal Compliance 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 exceeds [Redacted] due to miscalculation of income and consumer debts.   Reviewer Comment (2019-03-01): Lender approve exception provided for DTI.


Buyer Comment (2019-03-01): Exception Approval
 1/XX/2019  1:17:07 PM     1 A 12/XX/2018 IL Primary Purchase   C B C B C B A A Non QM Non QM No
206258193           Compliance Compliance Federal Compliance 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 was not disclosed on Initial Loan Estimate.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx COC indicating compensation change. Exception Cleared.


Buyer Comment (2019-03-01): Please see attached VCOC
 12/XX/2018  12:38:55 PM     1 A 12/XX/2018 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
206258193           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Cure for (Broker Fee) of ([Redacted]) and (Title - Endorsement Fee) of ([Redacted]) was not provided.   Buyer Comment (2019-03-01): (Redacted) elects to waive this exception.
     12/XX/2018  7:45:58 AM 2 B 12/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258193           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the initial CD was received the same day issued. Exception Cleared.


Buyer Comment (2019-03-01): See attached CD Timing
 12/XX/2018  8:25:05 AM     1 A 12/XX/2018 CA Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258193           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Primary/[Redacted]) Missing evidence of the borrower's receipt of the appraisal.   Buyer Comment (2019-03-01): (Redacted) elects to waive this exception.
     12/XX/2018  7:46:08 AM 2 B 12/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206258193           Compliance Compliance Federal Compliance 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 [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Fee was not disclosed on Initial Loan Estimate.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided


Buyer Comment (2019-03-01): See attached PCCD, LOX, REFUND and LABEL


Reviewer Comment (2019-03-01): Tolerance issue is for Title - Endorsement fee of $25, which reduced from $75.


Buyer Comment (2019-03-01): The Title - Recording service fee $xx.xx was on all LE's  in sec C.  Placement issue.  Please remove exception.
   1/XX/2019  10:01:50 AM   2 B 12/XX/2018 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
206258196           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:56:43 PM 2 B 12/XX/2018 CA Primary Purchase   B B A A B B A A Non QM Non QM No
206258196           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.62960% or Final Disclosure APR of 7.65800% is in excess of allowable threshold of APOR 4.99% + 1.5%, or 6.49000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) Mortgage purchases HPML compliant loans
     12/XX/2018  1:55:24 PM 1 A 12/XX/2018 CA Primary Purchase   B B A A B B A A Non QM Non QM No
206258196           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 7.62960% or Final Disclosure APR of 7.65800% is in excess of allowable threshold of APOR 4.99% + 1.5%, or 6.49000%.  Compliant Higher Priced Loan.     Reviewer Comment (2019-03-01): (Redacted) Mortgage purchases HPML compliant loans
     12/XX/2018  1:55:55 PM 1 A 12/XX/2018 CA Primary Purchase   B B A A B B A A Non QM Non QM No
206258196           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) Final CD is executed,disbursed and documents signed on [Redacted], however closing date reflects [Redacted].  Please provide a Post Consummation CD which reflects corrected dates.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:57:36 PM 2 B 12/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
206258196           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Secondary/[Redacted])     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  6:57:50 PM 2 B 12/XX/2018 CA Primary Purchase   B B A A B B A A Non QM Non QM No
206258199           Compliance Compliance Federal Compliance 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.) (Final/ [Redacted]) The Borrower's final CD did not disclose any seller paid fees and the Seller's CD was not provided in file.   Reviewer Comment (2019-03-01): (Redacted) received the PCCD and LOX.


Reviewer Comment (2019-03-01): Seller provided the corrected PCCD however missing the LOX to borrower to cure.
   12/XX/2018  5:34:13 PM   1 A 12/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258199           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:56:07 PM 2 B 12/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258199           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.66470% or Final Disclosure APR of 7.70400% is in excess of allowable threshold of APOR 4.84% + 1.5%, or 6.34000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  2:34:02 PM 1 A 12/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258202           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.43600% or Final Disclosure APR of 7.46300% is in excess of allowable threshold of APOR 4.85% + 1.5%, or 6.35000%.  Non-Compliant Higher Priced Mortgage Loan. APR on this HPML loan of 7.436% exceeded the max allowed of 6.35%.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx and xx/x LE. Exception Cleared.
 1/XX/2019  8:28:41 AM     1 A 12/XX/2018 NC Primary Purchase   C B A A C B A A Non QM Non QM No
206258202           Compliance Compliance Federal Compliance 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. Missing evidence borrower was provided the List of Homeownership Counseling Organizations at time of application.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:28:40 PM 2 B 12/XX/2018 NC Primary Purchase   C B A A C B A A Non QM Non QM No
206258202           Compliance Compliance State Compliance North Carolina Rate Spread Threshold Test Compliant North Carolina Rate Spread Home Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of APOR x.xx% + 1.5%, or x.xxxxx%.  Compliant Rate Spread Home Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  2:06:21 PM 2 B 12/XX/2018 NC Primary Purchase   C B A A C B A A Non QM Non QM No
206258202           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Missing evidence borrower was provided the Right to Receive a Copy of the Appraisal disclosure at time of application.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:28:49 PM 2 B 12/XX/2018 NC Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM Yes
206258202           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - HPML Status HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Missing evidence borrower was provided the Right to Receive a Copy of the Appraisal disclosure at time of application.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:28:56 PM 2 B 12/XX/2018 NC Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM No
206258202           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Missing evidence borrower was provided a copy of the Servicing Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:29:04 PM 2 B 12/XX/2018 NC Primary Purchase Good faith redisclosure C B A A C B A A Non QM Non QM Yes
206258202           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing evidence borrower was provide the Home Loan Toolkit at time of application.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:29:10 PM 2 B 12/XX/2018 NC Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258202           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Only final CD dated [Redacted] and signed on [Redacted] was provided in file.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx CD received the same day. Exception Cleared.
 1/XX/2019  12:32:31 PM     1 A 12/XX/2018 NC Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258202           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. Missing copy of Loan Estimate.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx and xx/x LE. Exception Cleared.
 1/XX/2019  8:28:41 AM     1 A 12/XX/2018 NC Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258202           Compliance Compliance Federal Compliance 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 three (3) business days of application. The ABA was provided to  the borrower on [Redacted], more than x days after application.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  5:29:23 PM 2 B 12/XX/2018 NC Primary Purchase   C B A A C B A A Non QM Non QM No
206258202           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Please provide Settlement Service Provider List to determine if exception can be cleared.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  1:05:59 PM 2 B 12/XX/2018 NC Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258205           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Lender approved exception for DTI exceeding program maximum. Borrower's current mortgage is rated paid as agreed since inception (10/2016).  Credit report reflects 3 closed mortgages all paid as agreed.

Borrower is a self-employed XXX for the past 38 years.

Reserves of 31 months are 28 months greater than the program requirement of 3 months.

Credit score of 712 is 72 points above the program requirement of 640.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this requirement based on validated compensating factors.
     12/XX/2018  9:56:02 AM 2 B 9/XX/2018 FL Second Home Purchase   C B C B C B A A Non QM Non QM No
206258205           Compliance Compliance Federal Compliance FACTA Disclosure Missing FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  3:47:16 PM 2 B 9/XX/2018 FL Second Home Purchase   C B C B C B A A Non QM Non QM No
206258205           Compliance Compliance Federal Compliance 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 50.20436% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) Compensating factors were provided. Borrower's current mortgage is rated paid as agreed since inception (10/2016).  Credit report reflects 3 closed mortgages all paid as agreed.

Borrower is a self-employed XXX for the past 38 years.

Reserves of 31 months are 28 months greater than the program requirement of 3 months.

Credit score of 712 is 72 points above the program requirement of 640.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this requirement based on validated compensating factors.
     12/XX/2018  12:05:46 PM 2 B 9/XX/2018 FL Second Home Purchase   C B C B C B A A Non QM Non QM No
206258205           Compliance Compliance Federal Compliance 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.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  3:47:07 PM 2 B 9/XX/2018 FL Second Home Purchase   C B C B C B A A Non QM Non QM No
206258205           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. File does not contain evidence that the toolkit was provided to the borrowers.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  3:47:00 PM 2 B 9/XX/2018 FL Second Home Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258208           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.59410% or Final Disclosure APR of 7.70000% is in excess of allowable threshold of APOR 4.99% + 1.5%, or 6.49000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  9:36:00 AM 1 A 12/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258208           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) New York Subprime Loan: Counseling Disclosure not provided to borrower. Missing evidence of the borrower's receipt of the NY Subprime Counseling Disclosure.   Reviewer Comment (2019-03-01): Received required documentation. Condition cleared.


Reviewer Comment (2019-03-01): New York Subprime Loan (Counseling Disclosure) not uploaded with trailing docs.
 1/XX/2019  11:38:05 AM     1 A 12/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258208           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): Received required documentation. Condition cleared.
 1/XX/2019  11:38:05 AM     1 A 12/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258208           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $xxx.xx plus 10% or $xxx.xx.  Insufficient or no cure was provided to the borrower. (0) ([Redacted]violation due to increase in (Recording fees).  No evidence of cure.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided


Reviewer Comment (2019-03-01): (Redacted) received PCCD dated x/x/xx, Letter of Explanation provided to Borrower, Copy of Refund check for $xxx and copy of shipping label.  According to USPS tracking package has not yet shipped.  Upon receipt of Proof of Delivery (package shipped and enroute) exception will be cured.


Buyer Comment (2019-03-01): PCCD/LOX/Refund/Label uploaded for review.
   01/04/2019   2 B 12/XX/2018 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
206258208           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx CD that was received the same day. Exception Cleared.
 1/XX/2019  12:50:13 PM     1 A 12/XX/2018 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258208           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Cure for [Redacted] tolerance violation ([Redacted]) was not provided.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  9:40:32 AM 2 B 12/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258208           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): Received required documentation.


Buyer Comment (2019-03-01): Appears to be duplicate exception, documentation provided to clear other, please review for clearance.
 1/XX/2019  1:48:16 PM     1 A 12/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258214           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.22000% or Final Disclosure APR of 7.23300% is in excess of allowable threshold of APOR 4.90% + 1.5%, or 6.40000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  9:36:12 AM 1 A 12/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258214           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:13:33 PM 2 B 12/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258214           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. The New York SubPrime Counseling Disclosure was provided to the borrower on [Redacted] yet the initial application date was [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:13:49 PM 2 B 12/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258214           Compliance Compliance Miscellaneous Compliance Other Compliance Exception (Manual Add)   Missing the  E&O Policy with minimum coverage of [Redacted] per claim and [Redacted] in aggregate with a deductible of no more than $[Redacted]. The title insurer must have an "A" or better rating from [Redacted] rating service.   Reviewer Comment (2019-03-01): CPL provided.
 1/XX/2019  1:47:09 PM     1 A 12/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM Yes
206258217           Credit Loan Package Documentation Closing / Title Missing Document: Rider - ARM not provided   The Security Instrument indicated there was a an ARM Rider, however, it was not provided in file.   Reviewer Comment (2019-03-01): Rider - ARM provided
 1/XX/2019  9:38:43 AM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258217           Compliance Compliance Federal Compliance 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. There is no evidence in file indicating the List of Homeownership Counseling Organizations disclosure was provided to the Borrower.   Reviewer Comment (2019-03-01): Received required documentation. Cleared.
 1/XX/2019  1:33:46 PM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258217           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) New York Subprime Loan: Counseling Disclosure not provided to borrower. There is no evidence in file to confirm the New York Subprime Counseling Disclosure was provided to the Borrower.   Reviewer Comment (2019-03-01): Received required documentation. Cleared.
 1/XX/2019  1:33:46 PM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258217           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): New York Subprime Counseling Disclosure provided.
 1/XX/2019  1:19:42 PM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258217           Compliance Compliance Federal Compliance ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. There is no evidence in file to confirm the ARM Disclosure was provided to the Borrower.   Reviewer Comment (2019-03-01): Received required documentation. Cleared.
 1/XX/2019  1:33:46 PM     1 A 12/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258217           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. There is no evidence in file to confirm the CHARM Booklet Disclosure was provided to the Borrower.   Reviewer Comment (2019-03-01): Received required documentation. Cleared.
 1/XX/2019  1:33:46 PM     1 A 12/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258217           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) There was a Compliance Inspection Fee that appeared on the final CD that was not originally disclosed to the Borrower, however, the Final CD does not disclose a cure or dollar amount by which the total closing costs exceeded the legal limit.   Reviewer Comment (2019-03-01): Revised LE and Change of circumstance received - appraisal made subject to
 1/XX/2019  11:17:24 AM     1 A 12/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258217           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. There is no evidence in file to confirm the Your Home Loan Toolkit Disclosure was provided to the Borrower.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.


Reviewer Comment (2019-03-01): Trailing documents received no evidence in trailing documents to confirm the Your Home Loan Toolkit Disclosure was provided to the Borrower.
     1/XX/2019  3:56:29 PM 2 B 12/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258217           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. There is no evidence in file to confirm the Settlement Service Provider list was provided to the Borrower.   Reviewer Comment (2019-03-01): document provided
 1/XX/2019  11:17:24 AM     1 A 12/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258217           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Charge-offs / Balance:  [Redacted] Program guidelines require that any non-medical collection or charge-off with a balance of more than $[Redacted] must be paid in full prior to closing. Borrower has been self-employed as XXX/XXX and has been in the same line of work for 20 years

14.51 months reserves > 3 months guideline minimum

Credit score is 649, 9 points > program requirement of 640

LTV is 80%, 5% < program maximum of 85%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.


Buyer Comment (2019-03-01): (Redacted) Approved Credit Exception uploaded. Please clear.


Reviewer Comment (2019-03-01): Guideline states must be paid off prior to or at time of closing. Provide proof of either. Exception remains.


Buyer Comment (2019-03-01): Reserves were verified to cover the $xxxx collection/chargeoff account.
     1/XX/2019  10:32:16 AM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258217           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.71470% or Final Disclosure APR of 8.75100% is in excess of allowable threshold of APOR 5.01% + 1.5%, or 6.51000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  2:04:25 PM 1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258217           Compliance Compliance Federal Compliance 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 $0.00.  Insufficient or no cure was provided to the borrower. (7505) The $[Redacted] Compliance Inspection Fee appeared on the final CD but was not disclosed in the initial LE. There was no valid change of circumstance in file and no cure provided to Borrower.   Reviewer Comment (2019-03-01): Revised LE and Change of circumstance received - appraisal made subject to
 1/XX/2019  11:17:24 AM     1 A 12/XX/2018 NY 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
206258217           Credit Income / Employment Income Documentation Income Docs Missing:   There were multiple unusually large deposits disclosed in the May [Redacted] bank statement that are needed for qualifying purposes but were not sourced in file to confirm they are business related deposits: x/x $[Redacted], [Redacted] $[Redacted], [Redacted] $[Redacted].   Reviewer Comment (2019-03-01): Documentation provided.
 1/XX/2019  1:27:14 PM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258217           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) New York Subprime Loan: Counseling Disclosure not provided to borrower within three days of application. Evidence of borrower's earlier receipt was not provided.   Reviewer Comment (2019-03-01): New York Subprime Counseling Disclosure provided.
 1/XX/2019  1:19:42 PM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258217           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  3:56:02 PM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258220           Credit Assets Asset Calculation / Analysis Guideline Requirement: Available for Reserves discrepancy. Calculated Available for Reserves of ___ is less than Guideline Available for Reserves of ___. Lender acknowledged exception for [Redacted] months reserves vs. program requirement of x months.  Actual reserves are [Redacted] months - please provide an updated exception approval reflecting the reserve amount change. DTI is 16.538%, 33.462% less than the program maximum of 50%.

Guideline variance approved by lender at time of origination. No public records

Guideline variance approved by lender at time of origination. Borrower is the XXX XXX for the past XXX and in the profession for 18 years

Guideline variance approved by lender at time of origination.  LTV is XX%, 5% < program maximumof 90%		 Reviewer Comment (2019-03-01): Reserves are x.xx months vs program requirement of x months.
     1/XX/2019  8:20:04 AM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258220           Credit Data Verification General The Investor's qualifying total debt ratio is less than the Non-QM qualifying total debt ratio. Investor's qualifying DTI: ___
Non-QM qualifying DTI: ___		 Confirmed - the qualifying payment used was [Redacted] less than the Non-QM qualifying payment.  The Qualifying method selected by the lender (Greater of Note Rate vs. Fully Indexed Rate + x.x%) resulted in a payment that was less than the Non-QM Qualifying method (Greater of the Note Rate vs. Fully Indexed rate amortized over the period remaining after the IO period) and fails ATR requirements.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  5:45:17 PM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258220           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.67200% or Final Disclosure APR of 7.70300% is in excess of allowable threshold of APOR 4.85% + 2.5%, or 7.35000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) Mortgage purchases HPML compliant loans.
     12/XX/2018  1:11:21 PM 1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258220           Compliance Compliance Federal Compliance 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 1026.43(c)(5). The Qualifying method selected by the lender (Greater of Note Rate vs. Fully Indexed Rate + x.x%) resulted in a payment that was less than the Non-QM Qualifying method (Greater of the Note Rate vs. Fully Indexed rate amortized over the period remaining after the IO period) and fails ATR requirements.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  5:45:28 PM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258220           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Final CD indicates non-escrowed property costs over one year of [Redacted].  Page x of the CD indicates non-escrowed monthly amount of [Redacted] ([Redacted] total - [Redacted] escrowed = [Redacted] non-escrowed) x [Redacted] months = [Redacted] in non-escrowed costs.   The final CD reflected a total of only [Redacted] months of non-escrowed amounts.   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting non escrowed property costs over x year and LOE. Exception Cured.


Reviewer Comment (2019-03-01): Seller provided a revised Appraisal dated xx/x/xxxx with HOA dues of xxx.xx annually which does not equal final CD costs of of non escrowed monthly costs xxx.xx.


Reviewer Comment (2019-03-01): (Redacted) reviewed appraisal page x lists $x for HOA


Buyer Comment (2019-03-01): The amount was taken off the appraisal.


Reviewer Comment (2019-03-01): Post Close CD dated xx/xx/xxxx has  Non-Escrowed Property Costs over Year x of $x,xxx.xx. Unable to determine where this figure is from as the appraisals in the loan file show there is not a HOA.  Please provide documentation to confirm the  Non-Escrowed Property Costs over Year x of $x,xxx.xx.
   1/XX/2019  3:48:43 PM   2 B 12/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258220           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Partial Payments TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Partial Payments. (Final/[Redacted]) CD does not indicate if Partial Payments are allowed or not   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure provided
   1/XX/2019  4:08:15 PM   2 B 12/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258220           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Final disclosure reflects an increase in total costs exceeding the legal limit, insufficient cure provided at closing   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  5:45:41 PM 2 B 12/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258220           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. There is no indication that the Home Loan Toolkit was issued by Lender   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the Home Loan Toolkit was received xx/xx/xxxx. Exception Cleared
 01/04/2019     1 A 12/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258220           Compliance Compliance Federal Compliance 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] without a valid changed circumstance. Tolerance exceeded. No cure provided   Reviewer Comment (2019-03-01): (Redacted) received revised LE dated xx/xx/xx and VCC for rate lock.
 1/XX/2019  11:34:21 AM     1 A 12/XX/2018 NY 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
206258220           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. ARM disclosure does not contain an issued date. Used date received by borrower   Reviewer Comment (2019-03-01): Disclosure summary provided.
 1/XX/2019  8:17:23 AM     1 A 12/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258220           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. There is no evidence of issue date or received date for the CHARM Booklet in file   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the CHARM Booklet was received xx/xx/xxxx. Exception Cleared.
 01/04/2019     1 A 12/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258220           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Missing evidence the borrower was provided a list of settlement providers within x business days of application   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the SSPL was provided xx/xx/xxxx. Exception Cleared.
 01/04/2019     1 A 12/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258220           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $x,xxx.xx plus 10% or $x,xxx.xx.  Insufficient or no cure was provided to the borrower. (0) Ten Percent Fee Tolerance exceeded. Total amount of [Redacted] exceeds tolerance of [Redacted] plus [Redacted] or [Redacted]. Missing proof of valid change, file appears to be missing the final revised loan estimate. Insufficient or no cure was provided to the borrower.   Reviewer Comment (2019-03-01): Disclosure summary provided.


Buyer Comment (2019-03-01): Title company is not on our sspl so there was no 10% violation
 1/XX/2019  8:17:23 AM     1 A 12/XX/2018 NY 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
206258223           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Cure for Extension Fee of [Redacted] was not provided.   Reviewer Comment (2019-03-01): (Redacted) received valid COC for rate lock extension fee added.
 1/XX/2019  9:51:15 AM     1 A 12/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258223           Compliance Compliance Federal Compliance 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. Fee was not disclosed on Loan Estimate.   Reviewer Comment (2019-03-01): (Redacted) received valid COC for rate lock extension fee added.
 1/XX/2019  9:51:15 AM     1 A 12/XX/2018 NY 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
206258223           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Edisclosure package reflects the borrower received the provider list, however disclosure not in the loan file. Unable to verify name of vendors on the provider list.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  1:56:39 PM 2 B 12/XX/2018 NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258223           Compliance Compliance Federal Compliance 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. (Type:Secondary/[Redacted]) The file contained documentation verifying the borrower received a copy of the appraisal on [Redacted] which is prior to the revised appraisal date of [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  1:56:22 PM 2 B 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258223           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ CPA letter or other documentation does not provide evidence of borrowers percentage of ownership of [Redacted].   Reviewer Comment (2019-03-01): Agree with lender. CPA letter states borrower as sole XXX company.


Buyer Comment (2019-03-01): The CPA letter indicates XXXXXXis the sole XXX the company.
 1/XX/2019  10:08:08 AM     1 A 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258226           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.68120% or Final Disclosure APR of 7.71000% is in excess of allowable threshold of APOR 4.85% + 1.5%, or 6.35000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  5:13:29 PM 1 A 12/XX/2018 CA Primary Purchase   C B C A B B A A Non QM Non QM No
206258226           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 7.68120% or Final Disclosure APR of 7.71000% is in excess of allowable threshold of APOR 4.85% + 1.5%, or 6.35000%.  Compliant Higher Priced Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  5:13:36 PM 1 A 12/XX/2018 CA Primary Purchase   C B C A B B A A Non QM Non QM No
206258226           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.   The mortgagee clause appearing on the evidence of insurance did not include the "ISAOA" verbiage.   Reviewer Comment (2019-03-01): Updated Hazard Insurance policy reflects "Lender its successors and assigns".


Buyer Comment (2019-03-01): Please see updated mortgagee clause on HOI uploaded for your review.
 12/XX/2018  10:49:51 AM     1 A 12/XX/2018 CA Primary Purchase   C B C A B B A A Non QM Non QM No
206258226           Compliance Compliance Federal Compliance TILA LO Compensation (Impermissible Compensation Method) Loan Originator Compensation (Dodd-Frank 2014):  Unable to determine Compensation method used. The LO Compensation Disclosure was provided disclosing the compensation figure, however, it did not indicate what the compensation was based upon.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  7:11:42 PM 2 B 12/XX/2018 CA Primary Purchase   C B C A B B A A Non QM Non QM No
206258229           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.84230% or Final Disclosure APR of 7.87400% is in excess of allowable threshold of APOR 4.98% + 1.5%, or 6.48000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  12:13:27 PM 1 A 12/XX/2018 FL Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206258229           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): waive
     1/XX/2019  8:23:49 AM 2 B 12/XX/2018 FL Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206258229           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Service Charges.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Sufficient cure provided for overage, misc. service charges added to CD without VCC.       12/XX/2018  11:26:11 AM   1 A 12/XX/2018 FL Primary Refinance - Cash-out - Other Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
206258229           Credit Property - Appraisal General Appraisal Requirements Subject is a refinance and property is listed for sale. Valuation Type: Appraisal / Valuation Report Date: [Redacted] [Redacted] guidelines do not allow for subject to be listed on cash-out refi, no listing dates/details provided by appraiser.   Reviewer Comment (2019-03-01): Revised appraisal provided that does not reflect the property was listed for sale within xx months.


Buyer Comment (2019-03-01): uploaded revised appraisal that does not reflect the property was listed for sale within 12 months


Reviewer Comment (2019-03-01): Appraisal reflects the date of xx/xx/xxxx borrower purchased the property. Statement on page x of appraisal refers to most recent xx months. Exception remains.


Buyer Comment (2019-03-01): the appraisal reflects the date that our borrower purchased the property
 1/XX/2019  2:12:03 PM     1 A 12/XX/2018 FL Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206258229           Compliance Compliance Federal Compliance 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. [Redacted] DTI due to Lender used 100% of deposits no CPA ;letter or documentation to meet business type 1 or 2 for [Redacted] loan program.   Reviewer Comment (2019-03-01): Corrected banks statement usability to xxx%.


Buyer Comment (2019-03-01): income method used was personal bank statement analysis, if borrower has business and personal account, xxx% of deposit average is acceptable.  This was done correctly. It is not Business Type x or x it is analysis of personal bank statements per guidelines
 1/XX/2019  10:30:35 AM     1 A 12/XX/2018 FL 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
206258229           Compliance Compliance Federal Compliance 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 56.17992% significantly exceeds the guideline maximum of 50.00%.  (DTI Exception cannot be compensated to a lower grade.) [Redacted]% DTI due to Lender used 100% of deposits no CPA ;letter or documentation to meet business type 1 or 2 for [Redacted] loan program.   Reviewer Comment (2019-03-01): xxx% usability due to personal account


Buyer Comment (2019-03-01): income method used was personal bank statement analysis, if borrower has business and personal account, xxx% of deposit average is acceptable.  This was done correctly. It is not Business Type x or x it is analysis of personal bank statements per guidelines
 1/XX/2019  10:20:22 AM     1 A 12/XX/2018 FL Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206258229           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy.   [Redacted]% DTI due to Lender used 100% of deposits no CPA ;letter or documentation to meet business type 1 or 2 for [Redacted] loan program.   Reviewer Comment (2019-03-01): Corrected banks statement usability to xxx%.


Buyer Comment (2019-03-01): income method used was personal bank statement analysis, if borrower has business and personal account, xxx% of deposit average is acceptable.  This was done correctly. It is not Business Type x or x it is analysis of personal bank statements per guidelines
 1/XX/2019  10:28:55 AM     1 A 12/XX/2018 FL Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206258229           Compliance Compliance Federal Compliance 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. [Redacted] DTI due to Lender used 100% of deposits no CPA letter or documentation to meet business type 1 or 2 for [Redacted] loan program.   Reviewer Comment (2019-03-01): Corrected banks statement usability to xxx%.


Buyer Comment (2019-03-01): income method used was personal bank statement analysis, if borrower has business and personal account, xxx% of deposit average is acceptable.  This was done correctly. It is not Business Type x or x it is analysis of personal bank statements per guidelines
 1/XX/2019  10:30:35 AM     1 A 12/XX/2018 FL Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206258232           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing evidence borrower was provided a copy of the LO Compensation Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  7:20:06 PM 2 B 12/XX/2018 GA Primary Purchase   C B C A C B A A Non QM Non QM No
206258232           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Initial CD issued [Redacted] was not signed or dated as received by borrowers x days prior to consummation date of [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the initial CD was received xx/xx/xxxx. Exception Cleared.


Buyer Comment (2019-03-01): CD tracking uploaded.
 12/XX/2018  8:17:18 AM     1 A 12/XX/2018 GA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258232           Credit System General Flood Certificate Subject Address does not match Note address.   Flood Cert reflects subject property city as [Redacted] listed on the Note, Security Instrument, and Appraisal.   Reviewer Comment (2019-03-01): Flood Cert updated provided.


Buyer Comment (2019-03-01): Flood Cert updated
 12/XX/2018  2:39:13 PM     1 A 12/XX/2018 GA Primary Purchase   C B C A C B A A Non QM Non QM No
206258235           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.79560% or Final Disclosure APR of 7.82300% is in excess of allowable threshold of APOR 4.85% + 1.5%, or 6.35000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  12:58:34 PM 1 A 12/XX/2018 NY Primary Purchase   B B A A B B A A Non QM Non QM No
206258235           Compliance Compliance Federal Compliance 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 three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:Primary/[Redacted]) Missing evidence of appraisal delivery to the borrower   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:10:15 PM 2 B 12/XX/2018 NY Primary Purchase   B B A A B B A A Non QM Non QM No
206258235           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     12/XX/2018  4:10:21 PM 2 B 12/XX/2018 NY Primary Purchase   B B A A B B A A Non QM Non QM No
206258238           Credit Loan Package Documentation Application / Processing Missing Document: Missing Final 1003       Reviewer Comment (2019-03-01): Final xxxx provided.
 01/04/2019     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258238           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Evidence of earlier receipt missing from file, only CD received.   Reviewer Comment (2019-03-01): (Redacted) received (Redacted) CD that was received the same day. Exception Cleared.
 01/04/2019     1 A 12/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258238           Compliance Compliance Federal Compliance 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 not signed by borrowers.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  3:20:53 PM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258238           Compliance Compliance Federal Compliance 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. ATR risk due to DTI exceeding program max.   Reviewer Comment (2019-03-01): DTI is xx.xx% vs program max of xx%
 1/XX/2019  11:25:01 AM     1 A 12/XX/2018 NY Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C B C B A A Non QM Non QM Yes
206258238           Compliance Compliance Federal Compliance 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 50.82754% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) ATR risk due to DTI exceeding program max.  No lender exception for DTI. Due to lower income [Redacted] 2 open and 1 closed mortgages paid as agreed since 2013, no public records.

31.94 months reserves vs. program requirement of 12 months.

750 credit score vs. program min. of 720.

Both borrowers are self-employed XXX for 13 years.		 Reviewer Comment (2019-03-01): DTI is xx.xx% vs program max of xx%
     1/XX/2019  11:23:31 AM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258238           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Income calculation lower than lender figs on [Redacted], no lender exception in file for DTI.ATR risk due to DTI exceeding program max.  No lender exception for DTI. Due to lower income [Redacted], HOI [Redacted] and taxes [Redacted]. 2 open and 1 closed mortgages paid as agreed since 2013, no public records.

31.94 months reserves vs. program requirement of 12 months.

750 credit score vs. program min. of 720.

Subject designated a XXX landmark in 1999, historical building.No pending litigation.

Both borrowers are self-employed XXX for 13 years.		 Reviewer Comment (2019-03-01): DTI is xx.xx% vs program max of xx%


Reviewer Comment (2019-03-01): Updated DTI is xx.xx%. Discrepancy is due to difference in amount used for Mtg or Notes payable <  x year, lender used $xxxxx for xxxx, but should be $xxxxx.xx. Also income used for qualifying for both borrowers of $xx,xxx.xx does match the cash flow analysis from lender of $xxx,xxx.xx yearly ($xx,xxx.xx.xx monthly)
     1/XX/2019  10:57:46 AM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258238           Credit Credit Miscellaneous Credit Exception:   Approved lender exception doc 0005 for 60% of condo project dedicated to commercial use vs. program max of 50%. 2 open and 1 closed mortgages paid as agreed since 2013, no public records.

31.94 months reserves vs. program requirement of 12 months.

750 credit score vs. program min. of 720.

Subject designated a XXX landmark in 1999, historical building.No pending litigation.

Both borrowers are self-employed XXX for 13 years.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  2:56:09 PM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258238           Credit Credit Miscellaneous Credit Exception:   Approved lender exception doc 0005 for condo complex not having fidelity bond coverage. 2 open and 1 closed mortgages paid as agreed since 2013, no public records.

31.94 months reserves vs. program requirement of 12 months.

750 credit score vs. program min. of 720.

Subject designated a XXX landmark in 1999, historical building.No pending litigation.

Both borrowers are self-employed XXX for 13 years.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  2:56:21 PM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258238           Compliance Compliance Federal Compliance 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. ATR risk due to DTI exceeding program max of 50%.ATR risk due to DTI exceeding program max.  No lender exception for DTI. Due to lower income[Redacted], HOI [Redacted] and taxes [Redacted]   Reviewer Comment (2019-03-01): DTI exception provided.
 1/XX/2019  10:58:55 AM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258241           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the increases to the Power of Attorney Fee.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  10:56:33 AM 2 B 12/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258241           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Power Of Attorney Preparation Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. The CD issued on [Redacted] added the Power of Attorney Fee without a valid change of circumstance.   Reviewer Comment (2019-03-01): PC-CD and LOE to borrower.  POA fee paid to borrower chosen provider in Section C, no cure check required.


Reviewer Comment (2019-03-01): Please provide Post Close CD and Letter of Explanation.  Power Of Attorney fee does not list a payee.


Buyer Comment (2019-03-01): Per Lender, Both of these fees are borrower can and did shop for, thus not subject to tolerance.
   1/XX/2019  5:01:10 PM   2 B 12/XX/2018 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
206258241           Compliance Compliance Federal Compliance TILA NMLSR - Originator Company Not Licensed at time of Application Unable to test LO company NMLS license due to missing information.     Reviewer Comment (2019-03-01): Lender application date provided.


Buyer Comment (2019-03-01): Brokers xxxx
 1/XX/2019  12:36:01 PM     1 A 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258241           Compliance Compliance Federal Compliance Federal Loan Originator Compensation - Individual LO Not NMLS Licensed at Time of Application Unable to test Loan Originator license due to missing information.     Reviewer Comment (2019-03-01): Lender application date provided.


Buyer Comment (2019-03-01): Brokers xxxx
 1/XX/2019  12:36:01 PM     1 A 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258241           Compliance Compliance Federal Compliance TILA NMLSR - Individual Originator License Status Not Approved Unable to test Individual Loan Originator license status due to missing information.     Reviewer Comment (2019-03-01): Lender application date provided.


Buyer Comment (2019-03-01): Brokers xxxx
 1/XX/2019  12:36:01 PM     1 A 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258241           Compliance Compliance Federal Compliance TILA NMLSR - Originator Company License Status Not Approved Unable to test LO company status due to missing information.     Reviewer Comment (2019-03-01): Lender application date provided.


Buyer Comment (2019-03-01): Please see uploaded broker's xxxx
 1/XX/2019  12:36:01 PM     1 A 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258241           Compliance Compliance Federal Compliance RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. List provided on [Redacted]; creditor application date [Redacted].   Reviewer Comment (2019-03-01): Lender application date provided.


Buyer Comment (2019-03-01): Please see uploaded broker's xxxx
 1/XX/2019  12:36:01 PM     1 A 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258241           Compliance Compliance Federal Compliance TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (Initial/[Redacted]) LE provided on [Redacted]; creditor application date [Redacted].   Reviewer Comment (2019-03-01): Lender application date provided.


Buyer Comment (2019-03-01): Please see uploaded broker's xxxx
 1/XX/2019  12:36:01 PM     1 A 12/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258241           Compliance Compliance Federal Compliance TRID Service Provider Timing TILA-RESPA Integrated Disclosure: Borrower did not receive a list of service providers within 3 business days of application. Provider list provided on [Redacted]; creditor application date [Redacted].   Reviewer Comment (2019-03-01): Lender application date provided.


Buyer Comment (2019-03-01): Please see uploaded broker's xxxx
 1/XX/2019  12:36:01 PM     1 A 12/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258241           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Repairs Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. The CD issued on [Redacted] added the Retrofit Fee without a valid change of circumstance.   Reviewer Comment (2019-03-01): PC-CD and LOE provided to the borrower.  Repair fees moved from Section C to Section H.  No cure check required.


Reviewer Comment (2019-03-01): Please provide Post Close CD and Letter of Explanation to the borrower.  It the Retofit (Repair) fee was chosen by the title provider, the fee will be tested in the same tolerance category as other title fees.  I the fee was not required, but chosen by the borrower as an optional fee, then it should be listed in section H.


Buyer Comment (2019-03-01): Per Lender, Both of these fees are borrower can and did shop for, thus not subject to tolerance.
   1/XX/2019  5:02:04 PM   2 B 12/XX/2018 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
206258241           Compliance Compliance Federal Compliance ARM Disclosure Timing Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. ARM Disclosure provided on [Redacted]; creditor application date [Redacted]   Reviewer Comment (2019-03-01): Lender application date provided.


Buyer Comment (2019-03-01): Please see uploaded broker's xxxx
 1/XX/2019  12:36:01 PM     1 A 12/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258241           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Timing Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. CHARM booklet provided on[Redacted]; creditor application date [Redacted]   Reviewer Comment (2019-03-01): Lender application date provided.


Buyer Comment (2019-03-01): Please see uploaded broker's xxxx
 1/XX/2019  12:36:01 PM     1 A 12/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258241           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Lender approved exception for loan amount. Perfect credit history and no public records.

Borrower is currently self-employed as XXX XXX for 7 years.

Reserves of 20.86 months are 8.86 months greater than the program requirement of 12 months.

Credit score of 795 is 125 points above the program requirement of 660.

DTI is 37.82449%; 12.18% below the program maximum of 50%.  (Calculated DTI is 37.82% based on 25% usability of bank statement income due to business ownership of 50% per CPA letter.)		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  3:49:00 PM 2 B 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258241           Credit Data Verification General The Investor's qualifying total debt ratio is less than the Non-QM qualifying total debt ratio. Investor's qualifying DTI: ___
Non-QM qualifying DTI: ___		 Used Qualification Method for Interest Only from guidelines, Base Rate + [Redacted] for Qualifying Rate of [Redacted] and P&I Payment of [Redacted]; Non-QM Qualifying Rate is [Redacted]% with P&I Payment of [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
       2 B 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258241           Compliance Compliance Federal Compliance 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. Disclosure dated [Redacted] > x days after creditor application date [Redacted].   Reviewer Comment (2019-03-01): Lender application date provided.


Buyer Comment (2019-03-01): Please see uploaded broker's xxxx
 1/XX/2019  12:36:01 PM     1 A 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM Yes
206258241           Compliance Compliance Federal Compliance TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. Disclosure dated [Redacted] > x days after creditor application date [Redacted].   Reviewer Comment (2019-03-01): Lender application date provided.


Buyer Comment (2019-03-01): Please see uploaded broker's xxxx
 1/XX/2019  12:36:01 PM     1 A 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM Yes
206258241           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Timing Truth in Lending Act (2015): Creditor or broker did not provide the Home Loan Toolkit Disclosure to applicant within 3 business days of application. Disclosure dated [Redacted] > x days after creditor application date [Redacted].   Reviewer Comment (2019-03-01): Lender application date provided.


Buyer Comment (2019-03-01): Please see uploaded broker's xxxx
 1/XX/2019  12:36:01 PM     1 A 12/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258241           Compliance Compliance Federal Compliance 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 1026.43(c)(5). Base Rate + 1.90%, investor method used does not match 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   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  1:46:10 PM 2 B 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258244           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  5:38:31 PM 2 B 12/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206258244           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) The final CD disclosed the Amount of Escrowed Property Costs over Year x as [Redacted] on page x; however the monthly escrowed flood insurance is [Redacted]. Total monthly escrow payment is [Redacted] or [Redacted] per year.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation & Corrected Closing Disclosure.


Buyer Comment (2019-03-01): Uploaded PCCD
   1/XX/2019  11:00:00 AM   2 B 12/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258244           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/653913) The final CD disclosed an escrow payment for payment stream x of [Redacted] that does not match the actual payment for the loan of [Redacted]. Difference is due to monthly flood insurance. Policy in file verifies annual premium is [Redacted] or [Redacted] per month. Final CD reflects a monthly payment of $[Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Proof of Delivery. Exception Cured.


Buyer Comment (2019-03-01): uploaded UPS delivery


Reviewer Comment (2019-03-01): Need to wait on delivery before clearing.


Buyer Comment (2019-03-01): Uploaded PCCD
   1/XX/2019  10:59:24 AM   2 B 12/XX/2018 FL Primary Purchase 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
206258244           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/653914) The final CD disclosed an escrow payment for payment stream x of [Redacted] that does not match the actual payment for the loan of [Redacted]. Difference is due to monthly flood insurance. Policy in file verifies annual premium is [Redacted] or [Redacted] per month. Final CD reflects a monthly payment of $[Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Proof of Delivery. Exception Cured.


Buyer Comment (2019-03-01): uploaded UPS delivery


Reviewer Comment (2019-03-01): Need to wait on delivery to cure exception.


Buyer Comment (2019-03-01): Uploaded PCCD
   1/XX/2019  10:59:56 AM   2 B 12/XX/2018 FL Primary Purchase 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
206258244           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/653915) The final CD disclosed an escrow payment for payment stream x of [Redacted] that does not match the actual payment for the loan of [Redacted]. Difference is due to monthly flood insurance. Policy in file verifies annual premium is [Redacted] or [Redacted] per month. Final CD reflects a monthly payment of $[Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Proof of Delivery. Exception Cured.


Buyer Comment (2019-03-01): uploaded UPS delivery


Reviewer Comment (2019-03-01): Need to wait on delivery to cure exception.


Buyer Comment (2019-03-01): Uploaded PCCD
   1/XX/2019  11:00:21 AM   2 B 12/XX/2018 FL Primary Purchase 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
206258244           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/653916) The final CD disclosed an escrow payment for payment stream x of [Redacted] that does not match the actual payment for the loan of [Redacted]. Difference is due to monthly flood insurance. Policy in file verifies annual premium is [Redacted] or [Redacted] per month. Final CD reflects a monthly payment of $[Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Proof of Delivery. Exception Cured.


Buyer Comment (2019-03-01): uploaded UPS delivery


Reviewer Comment (2019-03-01): Need to wait on delivery to cure exception.


Buyer Comment (2019-03-01): Uploaded PCCD
   1/XX/2019  11:00:46 AM   2 B 12/XX/2018 FL Primary Purchase 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
206258244           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/653913) The final CD disclosed an Estimated Total Monthly Payment for payment stream x of [Redacted] that does not match the actual payment for the loan of [Redacted]. Difference is due to monthly flood insurance. Policy in file verifies annual premium is [Redacted] or [Redacted] per month. Final CD reflects a monthly payment of $[Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Proof of Delivery. Exception Cured.


Buyer Comment (2019-03-01): uploaded UPS delivery


Reviewer Comment (2019-03-01): Need to wait on delivery to cure exception.


Buyer Comment (2019-03-01): Uploaded PCCD
   1/XX/2019  11:01:07 AM   2 B 12/XX/2018 FL Primary Purchase 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
206258247           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-03-01): Received approval (trailing docs). Cleared.
 1/XX/2019  1:48:32 PM     1 A 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258247           Compliance Compliance State Compliance (State HPML Provision) New York Subprime Loan (Ability to Repay not Verified) New York Subprime Loan:  Borrower's ability to repay not verified with reliable documentation.     Reviewer Comment (2019-03-01): Compliance data input tab completed.
 01/04/2019     1 A 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258247           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): Compliance data input tab completed.
 01/04/2019     1 A 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258247           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  4:03:40 PM 2 B 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258247           Compliance Compliance Federal Compliance TILA NMLSR - Originator Company Not Licensed at time of Application Unable to test LO company NMLS license due to missing information.     Reviewer Comment (2019-03-01): Reviewed updated information. Condition cleared.
 1/XX/2019  2:00:40 PM     1 A 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258247           Compliance Compliance Federal Compliance Federal Loan Originator Compensation - Individual LO Not NMLS Licensed at Time of Application Unable to test Loan Originator license due to missing information.     Reviewer Comment (2019-03-01): Reviewed updated information. Condition cleared.


Buyer Comment (2019-03-01): Please see uploaded xxxx
 1/XX/2019  2:00:40 PM     1 A 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258247           Compliance Compliance Federal Compliance TILA NMLSR - Individual Originator License Status Not Approved Unable to test Individual Loan Originator license status due to missing information.     Reviewer Comment (2019-03-01): Reviewed updated information. Condition cleared.


Buyer Comment (2019-03-01): Please see uploaded xxxx
 1/XX/2019  2:00:40 PM     1 A 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258247           Compliance Compliance Federal Compliance TILA NMLSR - Originator Company License Status Not Approved Unable to test LO company status due to missing information.     Reviewer Comment (2019-03-01): Reviewed updated information. Condition cleared.


Buyer Comment (2019-03-01): Please see uploaded xxxx
 1/XX/2019  2:00:40 PM     1 A 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258247           Compliance Compliance Federal Compliance RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. Lender application date not provided.  Disclosure provided within x days of the broker application date.   Reviewer Comment (2019-03-01): Reviewed updated information. Condition cleared.


Buyer Comment (2019-03-01): Please see uploaded xxxx
 1/XX/2019  2:00:40 PM     1 A 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258247           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. Lender application date not provided.  Disclosure provided within x days of the broker application date.   Reviewer Comment (2019-03-01): Reviewed updated information. Condition cleared.


Buyer Comment (2019-03-01): Please see uploaded xxxx
 1/XX/2019  2:00:40 PM     1 A 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258247           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. Lender application date not provided.  Disclosure provided within x days of the broker application date.   Reviewer Comment (2019-03-01): Reviewed updated information. Condition cleared.


Buyer Comment (2019-03-01): Please see uploaded xxxx
 1/XX/2019  2:00:40 PM     1 A 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258247           Compliance Compliance Federal Compliance ARM Disclosure Timing Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. Lender application date not provided.  Disclosure provided within x days of the broker application date.   Reviewer Comment (2019-03-01): Reviewed updated information. Condition cleared.


Buyer Comment (2019-03-01): Please see uploaded xxxx
 1/XX/2019  2:00:40 PM     1 A 12/XX/2018 NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258247           Compliance Compliance Federal Compliance QM Originator Loan Designation Info Not Provided Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation not provided. Loan designation not provided.   Reviewer Comment (2019-03-01): Received updated information. Cleared.
 1/XX/2019  2:12:03 PM     1 A 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM Yes
206258247           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Evidence of borrower's earlier receipt was not provided.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  4:03:16 PM 2 B 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258247           Compliance Compliance Federal Compliance Check Restated Loan Designation Match - General Ability to Repay Ability to Repay (Dodd-Frank 2014): The initial Loan Designation provided did not match.  However, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM. Loan designation of Non QM.   Reviewer Comment (2019-03-01): Cleared
 1/XX/2019  2:13:35 PM     1 A 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258247           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     01/04/2019 2 B 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258250           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing evidence borrower was provided a copy of the LO Compensation disclosure at time of application.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     01/04/2019 2 B 12/XX/2018 GA Primary Purchase   C B A A C B A A Non QM Non QM No
206258250           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) Escrowed property costs on page x of final CD total annually of  [Redacted] vs Page x of CD which indicates [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received title commitment indicating taxes of $xxxx.xx/mo. Exception Cleared.
 01/04/2019     1 A 12/XX/2018 GA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258250           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/653919) Property taxes per Tax Cert prepared by Closing Agent indicates both County and City Taxes.  CD discloses only escrows for County tax at [Redacted] per month vs. combined City and County at  [Redacted] per month.   Reviewer Comment (2019-03-01): (Redacted) received title commitment indicating taxes of $xxxx.xx/mo. Exception Cleared.


Buyer Comment (2019-03-01): Please see attached title policy.  Please refer to page x that shows the County and city taxes as well as sanitary taxes for xxxx.  Totaling $xx,xxx.xx/xx= $xxxx.xx.  Please review your calculations and advise.
 01/04/2019     1 A 12/XX/2018 GA Primary Purchase 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
206258250           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/653920) Property taxes per Tax Cert prepared by Closing Agent indicates both County and City Taxes.  CD discloses only escrows for County tax at [Redacted] per month vs. combined City and County at  [Redacted] per month.   Reviewer Comment (2019-03-01): (Redacted) received title commitment indicating taxes of $xxxx.xx/mo. Exception Cleared.
 01/04/2019     1 A 12/XX/2018 GA Primary Purchase 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
206258250           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/653921) Property taxes per Tax Cert prepared by Closing Agent indicates both County and City Taxes.  CD discloses only escrows for County tax at [Redacted] per month vs. combined City and County at  [Redacted] per month.   Reviewer Comment (2019-03-01): (Redacted) received title commitment indicating taxes of $xxxx.xx/mo. Exception Cleared.
 01/04/2019     1 A 12/XX/2018 GA Primary Purchase 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
206258250           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/653922) Property taxes per Tax Cert prepared by Closing Agent indicates both County and City Taxes.  CD discloses only escrows for County tax at [Redacted] per month vs. combined City and County at  [Redacted] per month.   Reviewer Comment (2019-03-01): (Redacted) received title commitment indicating taxes of $xxxx.xx/mo. Exception Cleared.
 01/04/2019     1 A 12/XX/2018 GA Primary Purchase 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
206258250           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/653919) Property taxes per Tax Cert prepared by Closing Agent indicates both County and City Taxes.  CD discloses only escrows for County tax at [Redacted] per month vs. combined City and County at  [Redacted] per month.   Reviewer Comment (2019-03-01): (Redacted) received title commitment indicating taxes of $xxxx.xx/mo. Exception Cleared.
 01/04/2019     1 A 12/XX/2018 GA Primary Purchase 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
206258250           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Prepaid Other 1 Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] did not disclose number of months for xxxx Sanitation Tax under Prepaids. (Final/[Redacted]) CD did not disclose the number of months paid by the Seller for [Redacted] Sanitation Tax   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     01/04/2019 2 B 12/XX/2018 GA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258250           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Final CD issued [Redacted] did not disclose an amount for the total closing costs exceeding legal limit.  Cure required if [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     01/04/2019 2 B 12/XX/2018 GA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258250           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) CD issued [Redacted]is not signed/dated as received by Borrower.  Default date used.  Actual closing date is [Redacted]   Reviewer Comment (2019-03-01): (Redacted) received snippet indicating the CD was received (Redacted). Exception Cleared.


Reviewer Comment (2019-03-01): (Redacted) received document however it is blank. Please re upload document.


Buyer Comment (2019-03-01): Please see attached evidence that the initial CD was delivered and accepted within acceptable time limits.
 01/04/2019     1 A 12/XX/2018 GA Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258250           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Of Tax Return Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Verification of Tax Return Fee of [Redacted] added without a valid change circumstance.  Tolerance exceeded. No Cure provided.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided


Buyer Comment (2019-03-01): Please see attached PCCD, Refund, LOX and Label
   1/XX/2019  8:04:27 AM   2 B 12/XX/2018 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
206258253           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Unable to determine what the Broker's compensation was based upon due to missing LO Compensation disclosure.   Buyer Comment (2019-03-01): waive
     1/XX/2019  10:31:14 AM 2 B 12/XX/2018 OH Primary Purchase   C B C B C B A A Non QM Non QM No
206258253           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. (Final/[Redacted]) The final figures are correctly disclosed, however, there is a $[Redacted] finance charge variance. Amount disclosed of finance charges on Final CD [Redacted]< calculated of [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Refund check for under disclosed amount, Corrected CD.


Reviewer Comment (2019-03-01): (Redacted) received a PCCD and LOE for the FC underdisclosed amount of $xxx.  Need a copy of refund check and proof of delivery to cure.
   1/XX/2019  5:50:05 PM   2 B 12/XX/2018 OH 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 B C B C B A A Non QM Non QM Yes
206258253           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Closing Costs Exceeds Limits Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. (Final/[Redacted]) There is a [Redacted] lender credit issued to cure the increase in closing costs above the legal limit, however, this figure is not reflected in the Calculating Cash to Close table.   Buyer Comment (2019-03-01): waive
     1/XX/2019  10:31:22 AM 2 B 12/XX/2018 OH Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258253           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The total closing costs increased since time of initial disclosure. A sufficient cure was provided to the Borrower, however, that cure is not reflected in the Calculating Cash to Close table on the final CD.   Buyer Comment (2019-03-01): waive
     1/XX/2019  10:31:32 AM 2 B 12/XX/2018 OH Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258253           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Of Tax Return Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing. The verification of tax return fee was not originally disclosed on the Loan Estimate but appears on the final CD, however, a sufficient cure was provided to cover the increase in total closing costs.       12/XX/2018  4:31:49 PM   1 A 12/XX/2018 OH Primary Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
206258253           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing. The survey fee was not originally disclosed on the Loan Estimate but appears on the final CD, however, a sufficient cure was provided to cover the increase in total closing costs.       12/XX/2018  4:31:49 PM   1 A 12/XX/2018 OH Primary Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
206258253           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title Misc Charges.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Evidence of sufficient cure for increase in zero percent fee was not provided.       12/XX/2018  4:31:49 PM   1 A 12/XX/2018 OH Primary Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
206258253           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Evidence of sufficient cure for increase in zero percent fee was not provided.       12/XX/2018  4:31:49 PM   1 A 12/XX/2018 OH Primary Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
206258253           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Minimum Loan Amount discrepancy. Note loan amount of ___ is less than Guideline minimum loan amount of ___. Program guidelines limit the minimum loan amount to [Redacted] for Borrower's with qualifying credit scores lower than [Redacted]. A Lender Exception was granted based upon compensating factors. Borrower and Co-Borrower are Owners of XXX for the past 2.08 years.

DTI is 39.61622%, 10.38378% < program maximum of 50%.

Reserves are 11.89 months, 8.89 months > program requirement of 3 months.

Credit score is 645, 5 points > program minimum of 640.  No public records for either borrower.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     12/XX/2018  4:01:37 PM 2 B 12/XX/2018 OH Primary Purchase   C B C B C B A A Non QM Non QM No
206258253           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.22190% or Final Disclosure APR of 8.23800% is in excess of allowable threshold of APOR 4.99% + 1.5%, or 6.49000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     12/XX/2018  3:29:32 PM 1 A 12/XX/2018 OH Primary Purchase   C B C B C B A A Non QM Non QM No
206258256           Compliance Compliance Federal Compliance 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. Initial application dated [Redacted] yet disclosure provided on [Redacted].  Federal Holiday observed on [Redacted] not recognized as a non-business day.   Reviewer Comment (2019-03-01): Lender was not Open on Veteran's Day
 1/XX/2019  11:18:41 AM     1 A 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM Yes
206258256           Compliance Compliance Federal Compliance TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. Initial application dated [Redacted] yet disclosure provided [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     1/XX/2019  5:09:15 PM 2 B 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM Yes
206258256           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The Title - SubEscrow fee increased from time of initial disclosure, however, a valid change of circumstance was not provided. The final CD also did not disclose a dollar amount by which the total closing costs exceeded the legal limit.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation & Corrected Closing Disclosure.


Buyer Comment (2019-03-01): Please see PCCD DOCS - consisting of PCCD, LOX, CHECK, LABEL reflecting cure of $xx.xx
   1/XX/2019  1:22:10 PM   2 B 12/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258256           Compliance Compliance Federal Compliance TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (Initial/[Redacted]) Initial application dated [Redacted] yet disclosure provided on [Redacted].  Federal Holiday observed on [Redacted] not recognized as a non-business day.   Reviewer Comment (2019-03-01): Lender closed on Veterans Day settings updated to reflect not open for the holiday


Buyer Comment (2019-03-01): The date on the document is an error which is clearly denoted by the time stamp at the bottom of the disclosure, please review.


Reviewer Comment (2019-03-01): Reviewed rebuttal, however the Homeownership Counseling Organization List document provided in the file is dated xx/xx/xxxx indicating Lender's office was opened or at least operational. Therefore, this date would have to be included in the x day timing regulation. Condition remains.


Buyer Comment (2019-03-01): According to compliance guideline xxxx.x(a)(x)-x state a business day is any day the creditors offices are open to conduct substantially ALL of its business functions - weekends are not included in addition veterans day fell on Sunday as a result is observed on xx/xx so it also would not be included
 1/XX/2019  11:36:56 AM     1 A 12/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258256           Compliance Compliance Federal Compliance TRID Service Provider Timing TILA-RESPA Integrated Disclosure: Borrower did not receive a list of service providers within 3 business days of application. Initial application dated [Redacted] yet disclosure provided on [Redacted].  Federal Holiday observed on [Redacted] not recognized as a non-business day.   Reviewer Comment (2019-03-01): Lender closed on Veterans Day settings updated to reflect not open for the holiday


Reviewer Comment (2019-03-01): Reviewed rebuttal, however the Homeownership Counseling Organization List document provided in the file is dated xx/xx/xxxx indicating Lender's office was opened or at least operational. Therefore, this date would have to be included in the x day timing regulation. Condition remains.


Buyer Comment (2019-03-01): According to compliance guideline xxxx.x(a)(x)-x state a business day is any day the creditors offices are open to conduct substantially ALL of its business functions - weekends are not included in addition veterans day fell on Sunday as a result is observed on xx/xx so it also would not be included
 1/XX/2019  11:36:56 AM     1 A 12/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258256           Compliance Compliance Federal Compliance 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. Initial LE reflected a Sub Escrow fee of $[Redacted] yet the final CD shows a charge of [Redacted] without sufficient evidence of a cure to the borrower.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-03-01): Please see PCCD DOCS - consisting of PCCD, LOX, CHECK, LABEL reflecting cure of $xx.xx
   1/XX/2019  1:20:56 PM   2 B 12/XX/2018 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
206258256           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. Initial application dated [Redacted] yet disclosure provided on [Redacted].  Federal Holiday observed on [Redacted] not recognized as a non-business day.   Reviewer Comment (2019-03-01): Lender closed on Veterans Day settings updated to reflect not open for the holiday


Reviewer Comment (2019-03-01): Reviewed rebuttal, however the Homeownership Counseling Organization List document provided in the file is dated xx/xx/xxxx indicating Lender's office was opened or at least operational. Therefore, this date would have to be included in the x day timing regulation. Condition remains.


Buyer Comment (2019-03-01): According to compliance guideline xxxx.x(a)(x)-x state a business day is any day the creditors offices are open to conduct substantially ALL of its business functions - weekends are not included in addition veterans day fell on Sunday as a result is observed on xx/xx so it also would not be included
 1/XX/2019  11:36:56 AM     1 A 12/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258256           Credit Assets Asset Documentation Guideline Issue:Insufficient asset documentation.   The final [Redacted] confirms the business account was used to verify funds for closing, however, the file is missing the guideline required cash flow analysis or letter from CPA confirming use of business funds will not have a negative impact on the business. Borrower has 1 open mortgage and 1 home equity reporting paid as agreed since inception. no public records.

Borrower has been self-employed as XXX for the past XXX years with 32 years ub the same line of business.

42.65650% DTI on this Alt documentation loan < 50% guideline max - 7.3435% below program guideline maximum

753 representative FICO score > 680 guideline minimum - 83 points above guideline minimum		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.


Buyer Comment (2019-03-01): Please see APPROVED EXCEPTION


Reviewer Comment (2019-03-01): Neither CPA letter indicates the use of business funds will not have a negative impact on the business, per guidelines.


Buyer Comment (2019-03-01): Please see CPA Letter reflecting borrower self-employed more than x years
     1/XX/2019  3:26:04 PM 2 B 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258256           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy.   The DTI has increased beyond the maximum allowable per guidelines. This is due to the incorrect calculation of rental income because the [Redacted] vacancy method was not used. Also, the qualifying mortgage payment was originally based upon the Note rate instead of the fully indexed rate as required by guidelines.   Reviewer Comment (2019-03-01): Reviewed updated information. Cleared.


Buyer Comment (2019-03-01): Please see GUIDELINES RENTAL INCOME  - (Redacted) guidelines do not state that a xx% vacancy factor is to be applied
 1/XX/2019  11:27:00 AM     1 A 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258256           Compliance Compliance Federal Compliance TILA LO Compensation (Impermissible Compensation Method) Loan Originator Compensation (Dodd-Frank 2014):  Unable to determine Compensation method used. The Broker compensation was disclosed, however, the method used to determine the compensation was not disclosed.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     1/XX/2019  8:52:42 AM 2 B 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258256           Compliance Compliance Federal Compliance 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 subject loan is receiving an overall ATR risk due to excessive DTI causing a loan designation failure.   Reviewer Comment (2019-03-01): Reviewed updated information. Cleared.


Reviewer Comment (2019-03-01): Debt ratio is within tolerance, however loan continues to return an ATR Risk.


Buyer Comment (2019-03-01): Please see GUIDELINES RENTAL INCOME  - (Redacted) guidelines do not state that a xx% vacancy factor is to be applied
 1/XX/2019  11:30:39 AM     1 A 12/XX/2018 CA Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C B C B A A Non QM Non QM Yes
206258256           Compliance Compliance Federal Compliance 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. The subject loan is receiving an overall ATR risk due to excessive DTI causing a loan designation failure.   Reviewer Comment (2019-03-01): Reviewed updated information. Cleared.


Reviewer Comment (2019-03-01): Debt ratio is within tolerance, however loan continues to return an ATR Risk.


Buyer Comment (2019-03-01): Please see GUIDELINES RENTAL INCOME  - (Redacted) guidelines do not state that a xx% vacancy factor is to be applied
 1/XX/2019  11:30:39 AM     1 A 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258256           Compliance Compliance Federal Compliance 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 50.44199% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) The DTI has increased beyond the maximum allowable due to the incorrect calculation of rental income where the [Redacted] vacancy factor was not considered and also due to the qualifying payment being based upon the Note rate instead of the fully indexed rate.   Reviewer Comment (2019-03-01): Reviewed updated information. Cleared.


Buyer Comment (2019-03-01): Please see GUIDELINES RENTAL INCOME (Redacted) guidelines do not state that a xx% vacancy factor applies
 1/XX/2019  11:25:56 AM     1 A 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258256           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Timing Truth in Lending Act (2015): Creditor or broker did not provide the Home Loan Toolkit Disclosure to applicant within 3 business days of application. The initial loan application was dated [Redacted], however, the disclosure was provided on [Redacted] exceeding the x business day timing requirement.   Reviewer Comment (2019-03-01): Lender was not Open on Veteran's Day


Reviewer Comment (2019-03-01): Reviewed rebuttal, however the Homeownership Counseling Organization List document provided in the file is dated xx/xx/xxxx indicating Lender's office was opened or at least operational. Therefore, this date would have to be included in the x day timing regulation. Condition remains.


Buyer Comment (2019-03-01): According to compliance guideline xxxx.x(a)(x)-x state a business day is any day the creditors offices are open to conduct substantially ALL of its business functions - weekends are not included in addition veterans day fell on Sunday as a result is observed on xx/xx so it also would not be included
 1/XX/2019  11:18:41 AM     1 A 12/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258256           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Timing TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower within three (3) days of application. The initial loan application was dated [Redacted], however, the disclosure was provided on [Redacted] exceeding the x business day timing requirement.   Reviewer Comment (2019-03-01): Lender closed on Veterans Day settings updated to reflect not open for the holiday


Reviewer Comment (2019-03-01): Reviewed rebuttal, however the Homeownership Counseling Organization List document provided in the file is dated xx/xx/xxxx indicating Lender's office was opened or at least operational. Therefore, this date would have to be included in the x day timing regulation. Condition remains.


Buyer Comment (2019-03-01): According to compliance guideline xxxx.x(a)(x)-x state a business day is any day the creditors offices are open to conduct substantially ALL of its business functions - weekends are not included in addition veterans day fell on Sunday as a result is observed on xx/xx so it also would not be included
 1/XX/2019  11:36:56 AM     1 A 12/XX/2018 CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258256           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing verification borrower has been self employed for x years consecutive.   Reviewer Comment (2019-03-01): CPA Letter reflecting borrower self-employed more than x years provided.


Buyer Comment (2019-03-01): Please see CPA Letter reflecting borrower self-employed more than x years
 1/XX/2019  7:45:23 AM     1 A 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258256           Credit Credit Miscellaneous Credit Exception:   Do not required funds to be transferred from business account into borrower's personal account for for funds to close ([Redacted] needed) vs program requirement that funds to close are transferred to the borrowers personal account. Lender approved. Borrower has 1 open mortgage and 1 home equity reporting paid as agreed since inception. no public records.

Borrower has been self-employed as XXX for the past X years with 32 years ub the same line of business.

42.65650% DTI on this Alt documentation loan < 50% guideline max - 7.3435% below program guideline maximum

753 representative FICO score > 680 guideline minimum - 83 points above guideline minimum		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  3:26:15 PM 2 B 12/XX/2018 CA Primary Purchase   C B C B C B A A Non QM Non QM No
206258259           Credit Loan Package Documentation Closing / Title Missing Document: Security Instrument not provided       Reviewer Comment (2019-03-01): Security Instrument provided.


Buyer Comment (2019-03-01): DOT
 1/XX/2019  1:36:36 PM     1 A 12/XX/2018 CA Primary Purchase   D B D B C B A A Non QM Non QM No
206258259           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure [Redacted] 12:00:00 AM was received. (Interim/[Redacted]) Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2019-03-01): Disclosure tracking details provided
 01/04/2019     1 A 12/XX/2018 CA Primary Purchase No Defined Cure D B D B C B A A Non QM Non QM No
206258259           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $xxx.xx plus 10% or $xxx.xx.  Insufficient or no cure was provided to the borrower. (0) Insufficient or no cure was provided to the borrower.   Reviewer Comment (2019-03-01): Fee Reconciliation updated
 01/04/2019     1 A 12/XX/2018 CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D B C B A A Non QM Non QM Yes
206258259           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Courier / Express Mail / Messenger Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Fee was not disclosed on Loan Estimate.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided


Buyer Comment (2019-03-01): PCCD,LOX,Check,Label


Buyer Comment (2019-03-01): PCCD,LOX,Check


Buyer Comment (2019-03-01): PCCD,LOX


Buyer Comment (2019-03-01): PCCD
   1/XX/2019  9:57:30 AM   2 B 12/XX/2018 CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D B C B A A Non QM Non QM Yes
206258259           Compliance Compliance Federal Compliance 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.) (Final/ [Redacted]) No Seller fees reflected on the Final Seller CD.   Reviewer Comment (2019-03-01): Seller CD provided


Buyer Comment (2019-03-01): Seller CD
 1/XX/2019  1:09:44 PM     1 A 12/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B C B A A Non QM Non QM Yes
206258259           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2019-03-01): Disclosure tracking details provided


Buyer Comment (2019-03-01): DOT,LE Tracking
 01/04/2019     1 A 12/XX/2018 CA Primary Purchase No Defined Cure D B D B C B A A Non QM Non QM No
206258259           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Cure for various x% and [Redacted] tolerance violations was not provided.   Buyer Comment (2019-03-01): Please waive
     1/XX/2019  12:11:13 PM 2 B 12/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B C B A A Non QM Non QM Yes
206258259           Compliance Compliance Federal Compliance 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. (Type:Primary/[Redacted]) The file contained documentation verifying the borrower received a copy of the appraisal on [Redacted] which is prior to the revised appraisal date of [Redacted].   Buyer Comment (2019-03-01): Please waive
     01/04/2019 2 B 12/XX/2018 CA Primary Purchase   D B D B C B A A Non QM Non QM No
206258259           Compliance Compliance Federal Compliance 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. ATR Risk due to DTI of 49% vs program maximum of 43% for 90% LTV.   Reviewer Comment (2019-03-01): Based on Compensating factors, loan deemed to be Non-QM


Reviewer Comment (2019-03-01): Per General ATR exception, xx.xxxxx% significantly exceeds the guideline maximum of xx.xx%.  (DTI Exception cannot be compensated to a lower grade.)


Buyer Comment (2019-03-01): Please see compensating factors on Exception as there are x


Reviewer Comment (2019-03-01): DTI Exception cannot be compensated to a lower grade.,Exception remains.


Buyer Comment (2019-03-01): DOT,LE Tracking,Exception Approval
 1/XX/2019  1:46:50 PM     1 A 12/XX/2018 CA Primary Purchase Lender to provide updated ATR/QM Loan Designation D B D B C B A A Non QM Non QM Yes
206258259           Compliance Compliance Federal Compliance 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 49.58227% significantly exceeds the guideline maximum of 43.00%.  (DTI Exception cannot be compensated to a lower grade.) DTI of [Redacted] vs program maximum of [Redacted] for [Redacted] LTV   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception with compensating factors.


Reviewer Comment (2019-03-01): Based on Compensating factors provided by the aggregator, including not considering the bonus income in the DTI, and the residual income of $xx,xxx.xx, teh exception was regraded to eVx and the loan is considered to be Non-QM,


Reviewer Comment (2019-03-01): DTI Exception cannot be compensated to a lower grade.,Exception remains.
     1/XX/2019  3:02:54 PM 2 B 12/XX/2018 CA Primary Purchase   D B D B C B A A Non QM Non QM No
206258259           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Lender approved exception to allow DTI of [Redacted] vs program maximum of [Redacted] for [Redacted] LTV Perfect credit histories for both borrowers with never a late payment and no public records going back to earliest account inception date of 6/1995.

Borrower has been in the same line of work (Medical) for the past 23 years. Co-borrower has been in the same line of work (Medical) for the past 14 years

16.44 months reserves > 3 months guideline minimum

788 representative FICO score > 720 guideline minimum		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  2:02:41 PM 2 B 12/XX/2018 CA Primary Purchase   D B D B C B A A Non QM Non QM No
206258262           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.38760% or Final Disclosure APR of 7.41100% is in excess of allowable threshold of APOR 4.85% + 1.5%, or 6.35000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     1/XX/2019  4:37:53 PM 1 A 12/XX/2018 FL Primary Purchase   C B C A B B A A Non QM Non QM No
206258262           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  5:58:51 PM 2 B 12/XX/2018 FL Primary Purchase   C B C A B B A A Non QM Non QM No
206258262           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Processing Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing. The CD issued on [Redacted] increased the Processing Fee without a valid change of circumstance.  A tolerance cure was provided.       1/XX/2019  4:16:18 PM   1 A 12/XX/2018 FL Primary Purchase Final CD evidences Cure C B C A B B A A Non QM Non QM Yes
206258262           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing verification of self employment  for x consecutive years for [Redacted] as start date [Redacted] .[Redacted] years and percentage of ownership.   Reviewer Comment (2019-03-01): CPA letter provided.


Buyer Comment (2019-03-01): Please see CPA  LETTER reflecting borrowers have been self-employed since xxxx
 1/XX/2019  1:57:05 PM     1 A 12/XX/2018 FL Primary Purchase   C B C A B B A A Non QM Non QM No
206258265           Credit Loan Package Documentation Application / Processing Missing Document: Missing Final 1003       Reviewer Comment (2019-03-01): Final xxxx provided.
 1/XX/2019  12:14:16 PM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258265           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Approved lender exception doc 0003 for 51.939% DTI vs. program max of 50%. No mortgage lates in past 76 months, no public records.

710 FICO vs. program min. 620.

58.974% LTV vs. program max of 85%.

B1 employed as XXX for past 5 years.B2 has been self-employed as XXX. for past 14 years.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  1:06:45 PM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258265           Credit Credit Miscellaneous Credit Exception:   Approved lender exception doc 0003 for co-signed [Redacted] (6 months left, no lates) to be excluded from ratios vs. program requirement that lease payments be included in ratios regardless of remaining term. No mortgage lates in past 76 months, no public records.

710 FICO vs. program min. 620.

58.974% LTV vs. program max of 85%.

B1 employed as XXX for past 5 years.B2 has been self-employed as XXX or past 14 years.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  1:07:22 PM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258265           Compliance Compliance Federal Compliance 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. Evidence of earlier receipt missing from file.   Reviewer Comment (2019-03-01): Initial Closing Disclosure provided
 1/XX/2019  12:46:42 PM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM Yes
206258265           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.43900% or Final Disclosure APR of 6.46400% is in excess of allowable threshold of APOR 4.96% + 1.5%, or 6.46000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): Initial Closing Disclosure provided
 1/XX/2019  12:46:42 PM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258265           Compliance Compliance Federal Compliance 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 51.93859% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) Lender exception in file for DTI over [Redacted]. No mortgage lates in past 76 months, no public records.

710 FICO vs. program min. 620.

58.974% LTV vs. program max of 85%.

B1 employed as XXX for past 5 years.B2 has been self-employed as XXX for past 14 years.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  1:09:42 PM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258265           Compliance Compliance Federal Compliance TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. Evidence of earlier receipt missing from file.   Reviewer Comment (2019-03-01): Initial Closing Disclosure provided
 1/XX/2019  12:46:42 PM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM Yes
206258265           Compliance Compliance Federal Compliance 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 three (3) business days of application. Evidence of earlier receipt missing from file.   Reviewer Comment (2019-03-01): Evidence of earlier receipt provided.
 1/XX/2019  12:24:56 PM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258265           Compliance Compliance State Compliance (State HPML Provision) New York Subprime Loan (Ability to Repay not Verified) New York Subprime Loan: 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 with fully-amortizing payment and taking into account  payments on any simultaneously-closed loans. File is missing a [Redacted], approval does not provided DTI.  UTD if PITI used was fully indexed or not.   Reviewer Comment (2019-03-01): xxxx provided.


Reviewer Comment (2019-03-01): Pending documentation.
 1/XX/2019  12:02:07 PM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258265           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) New York Subprime Loan: Counseling Disclosure not provided to borrower.     Reviewer Comment (2019-03-01): Evidence of earlier receipt provided.
 1/XX/2019  12:24:56 PM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258265           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): xxxx provided.
 1/XX/2019  12:02:07 PM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258265           Compliance Compliance Federal Compliance 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 3 days of the loan application date. Evidence of earlier receipt missing from file.   Reviewer Comment (2019-03-01): Initial Closing Disclosure provided
 1/XX/2019  12:46:42 PM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258265           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Evidence of earlier receipt missing from file, only CD received.   Reviewer Comment (2019-03-01): Initial Closing Disclosure provided
 1/XX/2019  12:46:42 PM     1 A 12/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258265           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. File missing any and all Loan Estimates.   Reviewer Comment (2019-03-01): Loan Estimate provided
 1/XX/2019  1:09:28 PM     1 A 12/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258265           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing from file.   Reviewer Comment (2019-03-01): (Redacted) received Acknowledgement of Receipt of mutliple disclosures including Home Loan Toolkit.
 1/XX/2019  12:18:29 AM     1 A 12/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258265           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. New York Subprime Loan: Counseling Disclosure provided on [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  3:01:37 PM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258265           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) .   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  3:01:47 PM 2 B 12/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258265           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Service Charges.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. .   Reviewer Comment (2019-03-01): The fee is paid to chosen provider. Exception Cleared.


Reviewer Comment (2019-03-01): IN order to address the exception, an attestation indicating the fee was required by the borrowers chosen vendor is required, or a LOE, PCCD, copy of refund check and proof of delivery is required.


Buyer Comment (2019-03-01): This is a fee that the borrower can shop for , therefore there the fee is not subject to tolerance
Borrower chose the title company , who determined that the service was needed
 1/XX/2019  1:57:48 PM     1 A 12/XX/2018 NY 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
206258265           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  3:03:22 PM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258271           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.87790% or Final Disclosure APR of 6.89500% is in excess of allowable threshold of APOR 4.74% + 1.5%, or 6.24000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     1/XX/2019  9:39:51 AM 1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258271           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Unable to determine what the compensation was based upon due to the missing LO compensation disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     01/04/2019 2 B 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258271           Compliance Compliance Federal Compliance 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 subject loan is failing loan designation due to an ATR risk. The ATR risk is being caused by the DTI exceeding the maximum allowable per guidelines.   Reviewer Comment (2019-03-01): Paystubs and WVOE have been provided.
 1/XX/2019  9:45:01 AM     1 A 12/XX/2018 FL Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C A C B A A Non QM Non QM Yes
206258271           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The Lender Credit decreased and the Recording Fee increased without a valid change of circumstance provided. There was no cure disclosed on the final CD.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     01/04/2019 2 B 12/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258271           Compliance Compliance Federal Compliance 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 Lender Credit decreased from $[Redacted] to $[Redacted] as disclosed on the Rate Lock confirmation dated [Redacted], however, a valid change of circumstance was not provided.   Reviewer Comment (2019-03-01): Change of circumstance - rate lock extension


Buyer Comment (2019-03-01): Please see change of circumstance uploaded for your review.
 1/XX/2019  4:07:09 PM     1 A 12/XX/2018 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
206258271           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy.   The DTI now exceeds the maximum allowable due to the inclusion of the monthly HOA fees on the subject property. They were not included in the PITIA at time of origination resulting in a lower calculation of DTI.   Reviewer Comment (2019-03-01): Paystubs and WVOE have been provided.


Buyer Comment (2019-03-01): Please see paystubs and VOE for XXX uploaded for your review.


Reviewer Comment (2019-03-01): Neither VOE's in file indicate Instructor and there is no current income documentation in file for XXX. Missing paystubs or WVOE to calculate income.


Buyer Comment (2019-03-01): Bx- is an instructor per VOE, I had the underwriter reach out to the employer and for x weeks out of the year the borrower is not paid due to summer and spring break closures. Income should have been based on x.xx months subtracting the x weeks our borrower isn't paid. The income for her is $xxx.xx.
Bx- the employer letter dated xx/xx/xx is the correct income- converted it is $xxxxx. He also receive flex pay which is listed on the letter and the most recent paystub. The income for him is $xxxx.xx plus the flex pay of $xxx = $xxxx.xx.  
There  was an AMEX that had a bal and pmt of xx.xx, this is a xx day acct per guides, if borrower has enough assets to cover xx day accts we do not have to include them in the DTI. The combination of these items brings the DTI down to xx.xxx.
Please see revised income calculators, xxxx and xxxx.  The paystub has also been uploaded for your review.


Reviewer Comment (2019-03-01): Letter from employer reflects a yearly base salary of $xx,xxx.xx as of the date of the letter, per conversion website Oanda, which is $xxxx.xx per month. Letter did not reflect YTD income, so base salary used for qualifying income. (Redacted) qualifying income based on previous years W-x income, which is not the most conservative approach. Need YTD income with breakdown of how pay is allocated per placement.


Buyer Comment (2019-03-01): Please see revised income calculator. Borrower x income was in British pounds, see conversions to US Dollars.
 1/XX/2019  9:42:20 AM     1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258271           Compliance Compliance Federal Compliance 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. The DTI exceeds the maximum allowable per guidelines and has caused an ATR violation.   Reviewer Comment (2019-03-01): Paystubs and WVOE have been provided.


Buyer Comment (2019-03-01): Please see paystubs and VOE for XXX uploaded for your review.


Reviewer Comment (2019-03-01): Neither VOE's in file indicate Instructor and there is no current income documentation in file for XXXXXX. Missing paystubs or WVOE to calculate income.


Buyer Comment (2019-03-01): Bx- is an instructor per VOE, I had the underwriter reach out to the employer and for x weeks out of the year the borrower is not paid due to summer and spring break closures. Income should have been based on x.xx months subtracting the x weeks our borrower isn't paid. The income for her is $xxx.xx.
Bx- the employer letter dated xx/xx/xx is the correct income- converted it is $xxxxx. He also receive flex pay which is listed on the letter and the most recent paystub. The income for him is $xxxx.xx plus the flex pay of $xxx = $xxxx.xx.  
There  was an AMEX that had a bal and pmt of xx.xx, this is a xx day acct per guides, if borrower has enough assets to cover xx day accts we do not have to include them in the DTI. The combination of these items brings the DTI down to xx.xxx.
Please see revised income calculators, xxxx and xxxx.  The paystub has also been uploaded for your review.
 1/XX/2019  9:45:01 AM     1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258271           Compliance Compliance Federal Compliance 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 50.88333% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) The DTI now exceeds the maximum allowable due to the inclusion of the monthly HOA fees on the subject property. They were not included in the PITIA at time of origination resulting in a lower calculation of DTI.   Reviewer Comment (2019-03-01): Paystubs and WVOE have been provided.


Buyer Comment (2019-03-01): Please see paystubs and VOE for XXX uploaded for your review.


Reviewer Comment (2019-03-01): Neither VOE's in file indicate Instructor and there is no current income documentation in file for XXXXXX. Missing paystubs or WVOE to calculate income.


Buyer Comment (2019-03-01): Bx- is an instructor per VOE, I had the underwriter reach out to the employer and for x weeks out of the year the borrower is not paid due to summer and spring break closures. Income should have been based on x.xx months subtracting the x weeks our borrower isn't paid. The income for her is $xxx.xx.
Bx- the employer letter dated xx/xx/xx is the correct income- converted it is $xxxxx. He also receive flex pay which is listed on the letter and the most recent paystub. The income for him is $xxxx.xx plus the flex pay of $xxx = $xxxx.xx.  
There  was an AMEX that had a bal and pmt of xx.xx, this is a xx day acct per guides, if borrower has enough assets to cover xx day accts we do not have to include them in the DTI. The combination of these items brings the DTI down to xx.xxx.
Please see revised income calculators, xxxx and xxxx.  The paystub has also been uploaded for your review.
 1/XX/2019  9:41:42 AM     1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258271           Credit Assets Asset Documentation Guideline Issue:Insufficient asset documentation.   A foreign bank account was used to calculate sufficient funds for closing, however, the currency conversion for that account was not provided in file.   Reviewer Comment (2019-03-01): currency converter provided.


Buyer Comment (2019-03-01): Please see currency converter for foreign bank account uploaded for your review.
 1/XX/2019  3:25:56 PM     1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258271           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] The income documentation requirement was not satisfied for the Borrower. Both the paystubs and the verification of employment for the prior employer was missing from file.   Reviewer Comment (2019-03-01): Paystubs and WVOE have been provided.


Buyer Comment (2019-03-01): Please see paystubs and VOE for XXX uploaded for your review.


Reviewer Comment (2019-03-01): There is no current income documentation in file for XXXXXX. Missing paystubs or WVOE to calculate income.


Buyer Comment (2019-03-01): The only income used for XXX was from XXXXXX where she has been employed for x years.


Reviewer Comment (2019-03-01): Per (Redacted) guide, Jumbo Prime program must adhere to manual underwriting requirements of the FNMA selling guide. Provide VVOE for previous employment.


Buyer Comment (2019-03-01): Please see uploaded xx/xx/xx guidelines, page xx which do not require prior employer pay-stub and VOE.
 1/XX/2019  9:12:42 AM     1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258274           Credit Insurance Insurance Documentation Missing Document: Hazard Dec Page not provided   Provide a copy of the XXX HO6 Policy for the subject property with a premium in the amount of [Redacted].  TheXXX #CQFL-[Redacted] has a total premium of [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received valid HOI dec page with premium of $xxx.xx


Buyer Comment (2019-03-01): uploaded dec page. premium is $xxx. uploaded pccd/lox/tracking to reflect correct HOI
 1/XX/2019  6:34:41 PM     1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258274           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.45530% or Final Disclosure APR of 7.47900% is in excess of allowable threshold of APOR 4.99% + 1.5%, or 6.49000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     1/XX/2019  10:25:07 AM 1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258274           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing all [Redacted] months statements for [Redacted]business account [Redacted] used for income analysis. DTI is subject to change.   Reviewer Comment (2019-03-01): xx months statements for (REDACTED) account xxxxxx provided.
 1/XX/2019  9:59:58 AM     1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258274           Credit Missing Document General Incomplete Document: Closing Disclosure is incomplete   Closing Disclosure doc [Redacted] is incomplete, numerous blank or "zero-ed" fields.   Reviewer Comment (2019-03-01): Closing Disclosure doc xxxx is corrected CD.
 1/XX/2019  10:07:25 AM     1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258274           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): waive
     01/04/2019 2 B 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258274           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Not provided, field blank.  No cure provided for overages.   Buyer Comment (2019-03-01): waive
     01/04/2019 2 B 12/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258274           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Evidence of earlier receipt missing from file, only CD received.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx CD received (Redacted). Exception Cleared.
 01/04/2019     1 A 12/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258274           Compliance Compliance Federal Compliance 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 [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. No cure provided for overage, endorsement fee increased without VCC.   Reviewer Comment (2019-03-01): (Redacted) received Proof of Delivery. Exception Cured.


Reviewer Comment (2019-03-01): (Redacted) received PCCD dated x/x/xx, Letter of explanation, Copy of Refund check, and copy of shipping label.  UPS label was created on x/x/xx, but not yet shipped.  Need evidence of Proof of Delivery prior to cure.
   1/XX/2019  10:02:59 AM   2 B 12/XX/2018 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
206258274           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) [Redacted] received PCCD corrected the Escrowed Property Costs to $[Redacted] per month.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation & Corrected Closing Disclosure dated x/x/xx.
   1/XX/2019  6:31:40 PM   2 B 12/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258274           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/654294) [Redacted] received PCCD corrected the Escrowed Property Costs to $[Redacted] per month.   Reviewer Comment (2019-03-01): (Redacted) received Proof of Delivery. Exception Cured.


Buyer Comment (2019-03-01): Uploaded UPS delivery


Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation & Corrected Closing Disclosure dated x/x/xx.  Shipping label created but not yet shipped.  Proof of Delivery is required to cure.
   1/XX/2019  10:04:10 AM   2 B 12/XX/2018 FL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206258274           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/654295) [Redacted] received PCCD corrected the Escrowed Property Costs to $[Redacted] per month.   Reviewer Comment (2019-03-01): (Redacted) received Proof of Delivery. Exception Cured.


Buyer Comment (2019-03-01): Uploaded UPS delivery


Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation & Corrected Closing Disclosure dated x/x/xx.  Shipping label created but not yet shipped.  Proof of Delivery is required to cure.
   1/XX/2019  10:04:31 AM   2 B 12/XX/2018 FL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206258274           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/654296) [Redacted] received PCCD corrected the Escrowed Property Costs to $[Redacted] per month.   Reviewer Comment (2019-03-01): (Redacted) received Proof of Delivery. Exception Cured.


Buyer Comment (2019-03-01): Uploaded UPS delivery


Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation & Corrected Closing Disclosure dated x/x/xx.  Shipping label created but not yet shipped.  Proof of Delivery is required to cure.
   1/XX/2019  10:04:59 AM   2 B 12/XX/2018 FL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206258274           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/654297) [Redacted] received PCCD corrected the Escrowed Property Costs to $[Redacted] per month.   Reviewer Comment (2019-03-01): (Redacted) received Proof of Delivery. Exception Cured.


Buyer Comment (2019-03-01): Uploaded UPS delivery


Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation & Corrected Closing Disclosure dated x/x/xx.  Shipping label created but not yet shipped.  Proof of Delivery is required to cure.
   1/XX/2019  10:05:20 AM   2 B 12/XX/2018 FL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206258274           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/654294) [Redacted] received PCCD corrected the Escrowed Property Costs to $[Redacted] per month.   Reviewer Comment (2019-03-01): (Redacted) received Proof of Delivery. Exception Cured.


Buyer Comment (2019-03-01): Uploaded UPS delivery


Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation & Corrected Closing Disclosure dated x/x/xx.  Shipping label created but not yet shipped.  Proof of Delivery is required to cure.
   1/XX/2019  10:05:37 AM   2 B 12/XX/2018 FL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206258274           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) [Redacted] received PCCD corrected the Escrowed Property Costs to $[Redacted] per month.   Reviewer Comment (2019-03-01): (Redacted) received PCCD corrected the Escrowed Property Costs to $xxx.xx per month.
 1/XX/2019  6:28:24 PM     1 A 12/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258277           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.74800% or Final Disclosure APR of 7.77500% is in excess of allowable threshold of APOR 4.85% + 1.5%, or 6.35000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     1/XX/2019  12:29:56 PM 1 A 12/XX/2018 FL Primary Purchase   B B A A B B A A Non QM Non QM No
206258277           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  6:51:28 PM 2 B 12/XX/2018 FL Primary Purchase   B B A A B B A A Non QM Non QM No
206258277           Compliance Compliance Federal Compliance 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 CD issued on [Redacted] increased the Appraisal Fee without a valid change of circumstance.  A tolerance cure was provided.       12/XX/2018  5:33:52 PM   1 A 12/XX/2018 FL Primary Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
206258280           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  12:17:19 PM 2 B 12/XX/2018 FL Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
206258280           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Not provided, field blank.  No cure provided for overages.   Buyer Comment (2019-03-01): waive
     1/XX/2019  2:30:58 PM 2 B 12/XX/2018 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
206258280           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Evidence of earlier receipt missing from file, initial CD not signed by borrowers.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx CDs were received xx/xx/xxxx. Exception Cleared.


Buyer Comment (2019-03-01): CD Tracking uploaded for review.
 01/04/2019     1 A 12/XX/2018 FL Primary Refinance - Cash-out - Other No Defined Cure C B A A C B A A Non QM Non QM No
206258280           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero 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. No cure provided for overage, survey fee added without VCC.   Reviewer Comment (2019-03-01): The Survey Fee did not have Title- prefix on initial LEs. Exception Cleared.


Buyer Comment (2019-03-01): The survey fee was disclosed on initial LE in section C as $xxx. Fee was decreased to $xxx and moved to Section B
 01/04/2019     1 A 12/XX/2018 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
206258280           Compliance Compliance Federal Compliance 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. No cure provided for overage, transfer tax increased without VCC.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided


Reviewer Comment (2019-03-01): (Redacted) received PCCD, LOE and Copy of Refund Check.  Shipping label has been created, but not yet shipped.  Need evidence of Proof of Delivery to cure.
   1/XX/2019  11:56:16 AM   2 B 12/XX/2018 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
206258280           Compliance Compliance Federal Compliance 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. No COC for increase in fee provided.   Reviewer Comment (2019-03-01): Borrower's chosen provider outsourced fee. Exception Cleared.


Buyer Comment (2019-03-01): the borrower chose to shop for these services
 01/04/2019     1 A 12/XX/2018 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
206258283           Credit Loan Package Documentation Loan File Missing Document: Hazard Insurance Policy not provided       Reviewer Comment (2019-03-01): Hazard Insurance policy provided.


Buyer Comment (2019-03-01): HOI
 1/XX/2019  10:32:29 AM     1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258283           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.       Reviewer Comment (2019-03-01): Hazard Insurance policy provided.


Buyer Comment (2019-03-01): See Dec Page
 1/XX/2019  10:32:11 AM     1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258283           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.59640% or Final Disclosure APR of 8.66400% is in excess of allowable threshold of APOR 4.79% + 1.5%, or 6.29000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     1/XX/2019  11:22:59 AM 1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258283           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): Please waive
     01/04/2019 2 B 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258283           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Lender Credit TILA-RESPA Integrated Disclosure - Costs at Closing: Final Closing Disclosure provided on [Redacted] disclosed a Lender Credit less than the legal limit exceeded on the Calculating Cash to Close table. (Final/[Redacted]) The Calculating Cash to Close table disclosed a tolerance cure of [Redacted]; however, Section J on page x did not disclose a tolerance cure.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-03-01): PCCD


Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx COC. The exception pertains to xx/xx CD not indicating a lender credit on page x, cure on bottom of page x, but a cure of $x.xx is indicated on page x. Please provide corrected CD and LOE to cure.


Buyer Comment (2019-03-01): This was a Credit See Final Cash to Close
   1/XX/2019  3:48:56 PM   2 B 12/XX/2018 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
206258283           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) One appraisal disclosed HOA fees of $[Redacted] per year; the other disclosed $[Redacted] per year.  The final CD disclosed [Redacted] per year.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation & Corrected Closing Disclosure.


Buyer Comment (2019-03-01): PCCD
   1/XX/2019  3:51:09 PM   2 B 12/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258283           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a sufficient tolerance cure for the increases to the Credit Report Fee, Second Appraisal Fee and Broker Fee.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation & Corrected Closing Disclosure.


Buyer Comment (2019-03-01): PCCD
   1/XX/2019  3:51:28 PM   2 B 12/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258283           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) The initial CD was provided on [Redacted] with no evidence of early receipt; the borrower signed on [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx CD was received xx/xx/xxxx. Exception Cleared.


Buyer Comment (2019-03-01): HOI,CD Tracking
 01/04/2019     1 A 12/XX/2018 FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258283           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. The Second Appraisal Fee was added to the LE issued on [Redacted] without a valid change of circumstance.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-03-01): PCCD,LOX,Refund and label
   1/XX/2019  3:52:18 PM   2 B 12/XX/2018 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
206258283           Compliance Compliance Federal Compliance 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. The final CD increased the Credit Report Fee without a valid change of circumstance.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-03-01): Cure provided
   1/XX/2019  3:53:03 PM   2 B 12/XX/2018 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
206258283           Credit Loan Package Documentation Application / Processing 1003 Error: Birth Date  was not provided   1003 disclosed birth date as [Redacted]; credit report disclosed [Redacted]   Reviewer Comment (2019-03-01): Corrected xxxx provided with birth date as x/xx/xxxx


Buyer Comment (2019-03-01): HOI,CD Tracking,xxxx
 1/XX/2019  10:35:09 AM     1 A 12/XX/2018 FL Primary Purchase   C B C A C B A A Non QM Non QM No
206258283           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Closing Costs Exceeds Limits Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. (Final/[Redacted]) The Calculating Cash to Close table disclosed a tolerance cure of [Redacted]; however, Section J on page x did not disclose a tolerance cure.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation & Corrected Closing Disclosure.


Buyer Comment (2019-03-01): PCCD


Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx COC. The exception pertains to xx/xx CD not indicating a lender credit on page x, cure on bottom of page x, but a cure of $x.xx is indicated on page x. Please provide corrected CD and LOE to cure.


Buyer Comment (2019-03-01): This was a credit per Final Cash to Close
   1/XX/2019  3:53:37 PM   2 B 12/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258283           Compliance Compliance Federal Compliance 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. The LE issued on [Redacted] increased the Broker Fee without a valid change of circumstance.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx COC indicating a loan amount increase. Exception Cleared.


Buyer Comment (2019-03-01): HOI,CD Tracking,xxxx,COC
 1/XX/2019  8:18:16 AM     1 A 12/XX/2018 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
206258286           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.01200% or Final Disclosure APR of 7.03300% is in excess of allowable threshold of APOR 4.88% + 1.5%, or 6.38000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     1/XX/2019  1:54:03 PM 1 A 12/XX/2018 MI Primary Purchase   C B A A C B A A Non QM Non QM No
206258286           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Unable to determine what the Broker's compensation was based upon due to the missing LO Compensation Disclosure or document of the like.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  7:10:59 PM 2 B 12/XX/2018 MI Primary Purchase   C B A A C B A A Non QM Non QM No
206258286           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. The Broker's initial loan application was signed by the Broker on [Redacted] but was not signed by the Borrower until [Redacted]. The ARM disclosure was provided within x days of the time the Borrower signed.   Reviewer Comment (2019-03-01): Corrected provided date.


Buyer Comment (2019-03-01): Please advise on this exception, it is noted "The ARM disclosure was provided within x days of the time the Borrower signed".
 1/XX/2019  8:27:42 AM     1 A 12/XX/2018 MI Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258286           Compliance Compliance Federal Compliance 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. (Type:Primary/[Redacted]) The copy of the appraisal report was provided to the Borrower after the effective date but prior to the Appraiser's report date.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  7:11:14 PM 2 B 12/XX/2018 MI Primary Purchase   C B A A C B A A Non QM Non QM No
206258286           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] did not disclose number of months for homeowner's insurance under Prepaids. (Final/[Redacted]) The final CD disclosed the prepaid homeowner's insurance premium, however, did not indicate the number of months it was being collected for.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  7:11:31 PM 2 B 12/XX/2018 MI Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258289           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Approved lender exception provided, approving a DTI of 54.20% vs. a program maximum of 50%. Monthly debt decreasing by $3140.00 with multiple payoffs through closing.

No public records, 1 open mortgage paid as agreed since 2009.

Self employed XXX of 15 years.

41 months reserves vs. program required 3 months.

666 FICO vs. program min. of 640.

65% LTV vs. program max of 80% LTV.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this requirement based on validated compensating factors.
     1/XX/2019  5:08:04 PM 2 B 12/XX/2018 TX Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258289           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.91010% or Final Disclosure APR of 7.93500% is in excess of allowable threshold of APOR 5.01% + 1.5%, or 6.51000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) Mortgage purchases HPML compliant loans.
     1/XX/2019  4:37:37 PM 1 A 12/XX/2018 TX Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258289           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): waive
     1/XX/2019  12:55:26 PM 2 B 12/XX/2018 TX Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258289           Compliance Compliance Federal Compliance 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. ATR risk due to DTI exceeding program max of 50%; an approved lender exception with compensating factors was provided in the file.   Reviewer Comment (2019-03-01): Exception was provided for DTI.


Buyer Comment (2019-03-01): Exception was provided. Please clear
 1/XX/2019  7:54:46 AM     1 A 12/XX/2018 TX Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C B C B C B A A Non QM Non QM Yes
206258289           Compliance Compliance State Compliance (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) Texas Constitution Section 50(a)(6): Acknowledgment of the Fair Market Value not properly executed by the Lender.     Reviewer Comment (2019-03-01): Exception was provided for DTI.
 1/XX/2019  7:54:46 AM     1 A 12/XX/2018 TX Primary Refinance - Cash-out - Other To Remediate: Lender must either sign the AFMV.  Best practices would be to deliver to the borrower the required disclosure signed by the lender 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 B C B A A Non QM Non QM Yes
206258289           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Not provided, field blank.  No cure provided for overages.   Buyer Comment (2019-03-01): waive
     1/XX/2019  12:55:57 PM 2 B 12/XX/2018 TX Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258289           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Tax Certificate Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. No cure provided for overage, tax cert fee increased without VCC.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Reviewer Comment (2019-03-01): Loan Estimates provided to the borrower disclosed the Tax Certificate Fee of $xx in Section B (Non Shop-able Fees).  Thus this fee being treated as x% tolerance.  Required cure: Corrected CD, LOE to Borrower, Cure Check and Proof of Delivery.


Buyer Comment (2019-03-01): Borrower shopped for this service so fee can increase
   1/XX/2019  3:02:14 PM   2 B 12/XX/2018 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 C B C B C B A A Non QM Non QM Yes
206258289           Compliance Compliance Federal Compliance 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 54.20072% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) ATR risk due to DTI exceeding program max of 50%; an approved lender exception with compensating factors was provided in the file. Monthly debt decreasing by $3140.00 with multiple payoffs through closing.

No public records, 1 open mortgage paid as agreed since 2009.

666 FICO vs. program min. of 640.

65% LTV vs. program max of 80% LTV.		 Reviewer Comment (2019-03-01): DTI is xx.xxx% vs program max of xx%


Buyer Comment (2019-03-01): Exception was provided. Please clear
     1/XX/2019  7:53:38 AM 2 B 12/XX/2018 TX Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258289           Compliance Compliance State Compliance (TX50(a)(6)) Texas Cash-out Loan  (TX Home Equity Disclosure/Notice Concerning Extensions of Credit Not Provided) Texas Constitution Section 50(a)(6): Revised Notice Concerning Extensions of Credit not provided on TX Home Equity Loan made on or after 1/XX/18.     Reviewer Comment (2019-03-01): Notice Concerning Extensions of Credit provided
 1/XX/2019  8:02:32 AM     1 A 12/XX/2018 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 B C B A A Non QM Non QM Yes
206258289           Compliance Compliance State Compliance (TX50(a)(6)) Texas Cash-out Loan  (Loan closed prior to expiration of 12-day cooling off period) Texas Constitution Section 50(a)(6):  Loan closed prior to expiration of 12-day cooling off period.     Reviewer Comment (2019-03-01): Initial Notice Concerning Extensions of Credit provided
 1/XX/2019  12:26:45 PM     1 A 12/XX/2018 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 B C B A A Non QM Non QM Yes
206258292           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Note loan amount of [Redacted] is greater than Guideline maximum loan amount of [Redacted].  Approved Lender Exception in file. No Public Records.

Appraiser states over $1,000,000 spent on repairs and upgrading since borrower purchased subject on 3/XX/2018.

Borrower has been self employed as XXX for the past 12 years.

Reserves of 28.66 months, 22.66 months > program requirement of 6 months.

Credit score of 701, 1 point > program requirement of 700.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     01/04/2019 2 B 12/XX/2018 NV Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258292           Credit Document Error General Note terms reflect Interest Only.  Interest-Only Rider was not checked on the Security Instrument screen.  Correct data or set exception.   Interest only rider not in file   Reviewer Comment (2019-03-01): Interest Only language indicated on ARM rider.


Buyer Comment (2019-03-01): Please clarify Interest Only Rider???
 1/XX/2019  10:57:37 AM     1 A 12/XX/2018 NV Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258292           Credit Credit Miscellaneous Property valuation variance is greater than 10% between the valuation report used for LTV and supporting valuation report. Valuation Type: Appraisal / Valuation Report Date: [Redacted], Valuation Type: Appraisal / Valuation Report Date: [Redacted] Property valuation variance is greater than [Redacted] between the valuation report [Redacted] and supporting valuation of [Redacted].  Lender used [Redacted] to qualify.   Reviewer Comment (2019-03-01): Agree with lender, CDA value is < xx% of appraised value but > xx%. CDA value used.


Buyer Comment (2019-03-01): (Redacted) uses the ARR value when the ARR is less than xx% but greater than xx% of appraised value of the Subject Property, then the value of the Subject Property used in the Loan to Value calculation must be reduced to the value on the ARR.
 1/XX/2019  11:09:48 AM     1 A 12/XX/2018 NV Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258292           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator compensation disclosure not provided. Unable to determine if compensation was based on a term of the transaction   Buyer Comment (2019-03-01): Please waive
     1/XX/2019  2:37:02 PM 2 B 12/XX/2018 NV Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258292           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Property Value TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed an Appraised Property Value that did not match the actual Property Value for the loan. (Final/[Redacted]) Collateral Desk Analysis provided by XXX reflected a value of [Redacted] yet appraisal reports in file show [Redacted] and [Redacted]  Lender used XXX value of [Redacted] to qualify.   Reviewer Comment (2019-03-01): Value of $x,xxx,xxx based on XXX value and used by lender since it was the lowest value.


Buyer Comment (2019-03-01): Per Spout guides
 1/XX/2019  12:28:35 PM     1 A 12/XX/2018 NV Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258292           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Final closing disclosure reflected $x Total Closing Costs exceeding the legal limit yet fees increased by $[Redacted].   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided
   1/XX/2019  12:27:51 PM   2 B 12/XX/2018 NV Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258292           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Of Tax Return Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Verification of Tax Return fee amount of [Redacted] exceeds tolerance of [Redacted]. Sufficient cure was provided to the Borrower       1/XX/2019  2:14:29 PM   1 A 12/XX/2018 NV Primary Refinance - Cash-out - Other Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
206258292           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Of Tax Return Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Initial LE did not reflect a fee for Verification of Tax Returns/Transcripts yet final CD shows $[Redacted].   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided


Buyer Comment (2019-03-01): LOX,PCCD,Check and Label


Buyer Comment (2019-03-01): LOX
   1/XX/2019  12:27:37 PM   2 B 12/XX/2018 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 B C B C B A A Non QM Non QM Yes
206258295           Compliance Compliance Federal Compliance 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. There is no evidence in file to confirm the Right to Receive a Copy of the Appraisal disclosure was provided to the Borrower.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  12:23:26 PM 2 B 12/XX/2018 FL Investment Refinance - Cash-out - Other   C B C A B B A A N/A N/A No
206258295           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.   The mortgagee clause does not include the ISAOA verbiage.   Reviewer Comment (2019-03-01): HOI with ISAOA provided.


Buyer Comment (2019-03-01): HOI with ISAOA
 1/XX/2019  11:56:22 AM     1 A 12/XX/2018 FL Investment Refinance - Cash-out - Other   C B C A B B A A N/A N/A No
206258298           Compliance Compliance Federal Compliance 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. (Type:Primary/[Redacted]) The file contained documentation verifying the borrower received a copy of the appraisal on [Redacted] which is prior to the revised appraisal date of [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     1/XX/2019  12:28:46 PM 2 B 12/XX/2018 FL Investment Refinance - Cash-out - Other   C B C B B B A A N/A N/A No
206258298           Credit Credit Miscellaneous Credit Exception:   Lender approved exception to permit broker who is not licensed in Florida to originate a business purpose loan for a [Redacted] borrower (this is permitted by Florida regulations) Borrower is self-employed as XXX for 23 years

94.05 months reserves > 7 months guideline minimum

Excellent credit with all accounts paid as agreed since 11/1974

10.844% DTI < 50% guideline max

766 representative FICO score > 720 guideline minimum		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     01/04/2019 2 B 12/XX/2018 FL Investment Refinance - Cash-out - Other   C B C B B B A A N/A N/A No
206258301           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.   Unable to determine what the Broker's compensation was based upon due to missing LO Compensation Disclosure.   Buyer Comment (2019-03-01): (Redacted) Has elected to waive this exception.
     1/XX/2019  1:24:04 PM 2 B 12/XX/2018 TN Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258301           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1   The estimated escrowed payment disclosed on the Final CD is [Redacted]. Those costs calculated over x year is a total of $[Redacted] versus the $[Redacted] total disclosed on the Final CD.   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure provided


Buyer Comment (2019-03-01): Please see attached correct ed PCCD, LOX and Label
   1/XX/2019  10:30:23 AM   2 B 12/XX/2018 TN Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258301           Compliance Compliance Federal Compliance TRID - Good Faith Fee Tolerance   The amount of the homeowner's annual premium increased > [Redacted] tolerance since the time fees were originally disclosed to the Borrower. There was VCC or  no cure provided to the Borrower.   Reviewer Comment (2019-03-01): Exception cleared pending SFIG clarification on Good Faith threshold testing
 1/XX/2019  6:27:56 AM     1 A 12/XX/2018 TN 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
206258301           Compliance Compliance Federal Compliance TRID - Good Faith Fee Tolerance   The prepaid property tax amount significantly increased > the [Redacted] tolerance since the time fees were originally disclosed to the Borrower. No VCC or cure was provided to the Borrower.   Reviewer Comment (2019-03-01): Exception cleared pending SFIG clarification on Good Faith threshold testing
 1/XX/2019  6:27:56 AM     1 A 12/XX/2018 TN 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
206258301           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Property Value   The final CD disclosed an appraisal value of [Redacted], however, the accurate value used to calculate the LTV was [Redacted].   Buyer Comment (2019-03-01): (Redacted) Has elected to waive this exception.
     1/XX/2019  1:24:17 PM 2 B 12/XX/2018 TN Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258301           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits   The homeowner's insurance premium and prepaid property tax amount have increased with no cure to Borrower disclosed on the Final CD.   Buyer Comment (2019-03-01): (Redacted) Has elected to waive this exception.
     1/XX/2019  1:24:29 PM 2 B 12/XX/2018 TN Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258301           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   The original appraisal performed and used to calculate LTV did not disclose an estimated cost new, however, the hazard dwelling coverage met the amount of the loan principal. The second appraisal performed disclosed a total estimated cost new of [Redacted]. The guidelines require that the property dwelling covers the lesser of the principal loan amount or total estimated cost new, however, should not be less than [Redacted] of the estimated cost new. The [Redacted] dwelling does not cover [Redacted] of the total estimated cost new.   Reviewer Comment (2019-03-01): RCE showing $x,x million in coverage provided.


Buyer Comment (2019-03-01): Please see attached RCE showing $x,x million in coverage is adequate.
 1/XX/2019  11:04:00 AM     1 A 12/XX/2018 TN Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258301           Credit Property - Appraisal Property Eligibility - Subject and Improvements Guideline Issue:  Property type not allowed per credit guidelines   Loan guidelines indicate that subject properties located on more than [Redacted] acres of land are not eligible. The subject is located on [Redacted] acres and a Lender Acknowledged Exception was granted. The credit report discloses perfect mortgage history since 04/2006.

Borrower's qualifying credit score of 775 is > the minimum credit score requirement of 720.

Borrower has been the XXX XXX for the past 10 years.

The verified reserves are 15.89 months greater than the program requirement of 12 months.

The DTI of 21.71603% is > the program maximum allowable of 50%.

Subject LTV of 49.231% is < the program maximum of 60%.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  9:37:56 AM 2 B 12/XX/2018 TN Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258301           Credit Credit Credit Documentation Credit Report Error: Missing source document for credit/housing history.   The credit report discloses a mortgage with Loancare in which the real estate owned section of the Final [Redacted] does not indicate the owned corresponding property or the additional housing expenses. The undisclosed property expenses were not documented in file.   Reviewer Comment (2019-03-01): Mortgage with Loancare belongs to previous husband per divorce decree.


Buyer Comment (2019-03-01): See attached statement from Loan Care evidencing that the payment includes escrow and what property the loan is secured to.
 1/XX/2019  11:02:14 AM     1 A 12/XX/2018 TN Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258301           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Missing Documents: Missing other financing information.   The divorce decree in file discloses that the Borrower was awarded x properties, which includes the subject property, but the housing expenses of each were not documented in file and were not included in the calculation of the DTI.   Reviewer Comment (2019-03-01): Agree with lender.


Buyer Comment (2019-03-01): Please see attached LOE and page x of the divorce decree.  Borrowers ex husband was awarded that property and the borrower has no financial responsibility.


Reviewer Comment (2019-03-01): Agree with lender, however mortgage statement provided for xxxx (REDACTED) still shows borrower as part owner. Provide documentation showing borrower not responsible for payment of any portion.


Buyer Comment (2019-03-01): .  Please see attached documents.  The borrower never took title to the said properties.  Therefore they would not be included in the DTI.  Attached of the Tax bills and property descriptions which include ownership info current as of x/xxxx
 2/XX/2019  1:08:58 PM     1 A 12/XX/2018 TN Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258304           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.56070% or Final Disclosure APR of 7.58900% is in excess of allowable threshold of APOR 4.79% + 1.5%, or 6.29000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliance loans.
     1/XX/2019  10:42:56 AM 1 A 12/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258304           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) New York Subprime Loan: Counseling Disclosure not provided to borrower.     Reviewer Comment (2019-03-01): New York Subprime Loan: Counseling Disclosure  provided
 1/XX/2019  10:13:41 AM     1 A 12/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258304           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): New York Subprime Loan: Counseling Disclosure  provided
 1/XX/2019  10:13:41 AM     1 A 12/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258304           Compliance Compliance Federal Compliance TRID - Good Faith Fee Tolerance TILA-RESPA Integrated Disclosure:  Good Faith Tolerance exceeded for Property Taxes.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Insufficient or no cure was provided to the borrower. (8807) Fee amount > [Redacted] tolerance, No cure provided for overage, real estate taxes collected increased without VCC.   Reviewer Comment (2019-03-01): (Redacted) is removing the current testing for the good faith disclosure of Homeowners insurance and Tax components from the LEs and CDs being evaluated as part of our TRID review.  We will be working with SFIG to identify standards within the loan file documentation required to perform testing that reveals actual compliance violations and does not negatively impact the market place with superfluous exceptions that based on current documentation levels in the loan files.


Buyer Comment (2019-03-01): See CFPB rule uploaded


Reviewer Comment (2019-03-01): Loan Estimates dated xx/xx/xxxx and xx/xx/xxxx show $x in Section F for prepaid taxes and $x,xxx in Section G for Initial Escrow Payment for taxes.  Total amount for both sections $x,xxx.  Change of circumstance received is for rate lock and does not pertain to this exception.  Final CD shows Prepaid Taxes in Section F $x,xxx.xx and Initial Escrow Payment for taxes in Section G $x,xxx.xx.  Total amount for both sections on Final CD $x,xxx.xx which is greater than xx% disclosed on the LE's.  Valid change of circumstance required or cure provided to the borrower.


Buyer Comment (2019-03-01): VCC and LE dated xx/xx disclose property taxes within a xx% of amount on final CD ($xxx.xx per month versus final $xxx.xx)


Reviewer Comment (2019-03-01): Effective with application dates of xx/x/xx or after, TRID amendments provide that certain estimates that were not made in good faith on the LE will be subject to x% tolerance and will need to be addressed similar to other fees subject to tolerance (VCC will be required to rebaseline charged amount).  (Redacted)'s testing adopts a xx% default threshold based on the SFIG RMBS x.x TRID Review Scope.  Client (REDACTED) elect to use a different good faith threshold.


Buyer Comment (2019-03-01): Property Taxes are not subject to a tolerance violation since they are not a "Fee". Please clear.
 1/XX/2019  6:03:50 PM     1 A 12/XX/2018 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
206258304           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Not provided, field blank.  No cure provided for overage.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  2:03:31 PM 2 B 12/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258304           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  6:27:48 PM 2 B 12/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258307           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.05970% or Final Disclosure APR of 7.10900% is in excess of allowable threshold of APOR 4.98% + 1.5%, or 6.48000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     01/04/2019 1 A 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258307           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) The final CD disclosed the Amount of Escrowed Property Costs over Year x as [Redacted] on page x; however the escrowed property costs are $[Redacted] per year (monthly escrow payment of [Redacted] x [Redacted]).   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure provided


Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting escrowed property costs over x year. Please provide LOE to cure.
   1/XX/2019  11:52:55 AM   2 B 12/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258307           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Cure for Survey fee of $[Redacted] was not provided.   Buyer Comment (2019-03-01): (Redacted) has elected to wiave
     1/XX/2019  5:57:44 PM 2 B 12/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258307           Compliance Compliance Federal Compliance TIL Higher Priced Mortgage Loan Safe Harbor TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. Requirement not satisfied due to appraisal and desk review reflecting the subject address city as [Redacted]. It does not match the Note city of [Redacted].   Reviewer Comment (2019-03-01): USPS website reflects both addresses as correct.
 1/XX/2019  2:38:53 PM     1 A 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258307           Compliance Compliance Federal Compliance 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. Fee was not disclosed on Loan Estimate.   Reviewer Comment (2019-03-01): Letter of Explanation and Corrected CD provided.  Survey Fee moved to Section H


Reviewer Comment (2019-03-01): (Redacted) received PC-CD dated xx/xx/xxxx.  LOE to borrower detailing the change is required.  LOE provided does not detail the Survey Fee being moved from Section C to Section H.  Please provide LOE to cure.


Buyer Comment (2019-03-01): Please see upload


Reviewer Comment (2019-03-01): (Redacted) received PCCD. If fee was not required the correct section is H. Please provide a corrected CD and LOE to cure.


Buyer Comment (2019-03-01): As for the Survey fee this is not a fee that is subject to cure and is a fee the borrower can and did shop for. The title company is not on our SSPL so they are not subject to the xx% or x% tolerance. It's not a required fee but an optional fee the borrower chose. Please waive this condition.
   1/XX/2019  5:58:26 PM   2 B 12/XX/2018 NY 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
206258307           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  5:58:25 PM 2 B 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258307           Credit System General Valuation address does not match Note address. Valuation Type: Appraisal / Valuation Report Date: [Redacted], Valuation Type: Desk Review / Valuation Report Date: [Redacted] Appraisal and desk review reflect the subject address city as [Redacted]. It does not match the Note city of [Redacted]   Reviewer Comment (2019-03-01): USPS website reflects both addresses as correct.
 1/XX/2019  2:32:26 PM     1 A 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258310           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.69980% or Final Disclosure APR of 6.76000% is in excess of allowable threshold of APOR 4.79% + 1.5%, or 6.29000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     01/04/2019 1 A 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258310           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) Page x of the final CD disclosed monthly Estimated Escrow of [Redacted] for an annual amount of [Redacted]; page x disclosed [Redacted].   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure provided


Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting escrowed property costs over x year. Please provide LOE to cure.


Buyer Comment (2019-03-01): SINCE WE ARE PICKING UP AT MINIMUM x MONTHS OF  CUSSION AT CLOSING WE ARE ONLY DISCLOSING xx MONTHS xxxxx.xxXxx=xx,xxx.xx
   1/XX/2019  1:08:31 PM   2 B 12/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258310           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/657059) The evidence of insurance (which is a quote, not a binder or policy) disclosed an annual premium of [Redacted].  The CD disclosed a monthly insurance escrow amount of [Redacted] for [Redacted] per year.   Reviewer Comment (2019-03-01): LOE to borrower and Corrected CD received


Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting estimated payment. Please provide LOE to cure.


Buyer Comment (2019-03-01): Response - see attached revised CD and escrow analysis and first  payment letter reflecting the correct hazard insurance monthly payment
   1/XX/2019  1:09:34 PM   2 B 12/XX/2018 NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206258310           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Fixed Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/657059) Due to the discrepancy in the monthly insurance escrow, the total monthly payment does not match the file documentation.   Reviewer Comment (2019-03-01): LOE to borrower and Corrected CD received


Buyer Comment (2019-03-01): Please see uploaded LOE


Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting estimated payment. Please provide LOE to cure.


Buyer Comment (2019-03-01): monthly insurance escrow revised to $xxxx.xx annually
   1/XX/2019  1:09:55 PM   2 B 12/XX/2018 NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
206258310           Compliance Compliance Federal Compliance TRID - Good Faith Fee Tolerance TILA-RESPA Integrated Disclosure:  Good Faith Tolerance exceeded for Property Taxes.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Insufficient or no cure was provided to the borrower. (8807) The final CD increased the Prepaid Property Taxes and the Escrowed Property Taxes without a valid change of circumstance.   Reviewer Comment (2019-03-01): (Redacted) received (Redacted) COC indicating an increase in property tax. Exception Cleared.


Buyer Comment (2019-03-01): See attached CD dated xx/xx/xx with COC showing increase in property taxes
 1/XX/2019  12:32:19 PM     1 A 12/XX/2018 NY 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
206258310           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the increase to the Property Taxes.   Reviewer Comment (2019-03-01): (Redacted) received (Redacted) COC indicating an increase in property tax. Exception Cleared.


Buyer Comment (2019-03-01): See COC dated (Redacted)  and COC showing increase in property taxes
 1/XX/2019  12:33:48 PM     1 A 12/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258310           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date.   HO6 coverage is effective [Redacted]; disbursement date on CD is [Redacted].   Reviewer Comment (2019-03-01): Updated Hazard Insurance Policy provided.


Reviewer Comment (2019-03-01): Hazard Insurance Policy provided in trailing docs are quotes. Provided dec page or binder with effective date of xx/xx/xxxx.


Buyer Comment (2019-03-01): See attached CD dated xx/xx/xx with COC showing increase in property taxes
 1/XX/2019  2:49:53 PM     1 A 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258310           Credit System General Valuation address does not match Note address. Valuation Type: Desk Review / Valuation Report Date: [Redacted] The Desk Review disclosed the property state as CA; property is located in NY.   Reviewer Comment (2019-03-01): Desk Review corrected to NY
 1/XX/2019  2:54:26 PM     1 A 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258310           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  10:03:02 AM 2 B 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM No
206258310           Compliance Compliance Federal Compliance RESPA -  Initial Escrow Account statement Inaccurate RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. [Redacted] received an updated IEADS that does not match Final CD.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  12:09:17 PM 2 B 12/XX/2018 NY Primary Purchase   C B C A C B A A Non QM Non QM Yes
206258313           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.98460% or Final Disclosure APR of 6.99600% is in excess of allowable threshold of APOR 4.85% + 1.5%, or 6.35000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     1/XX/2019  9:07:16 AM 1 A 12/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206258313           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 6.98460% or Final Disclosure APR of 6.99600% is in excess of allowable threshold of APOR 4.85% + 1.5%, or 6.35000%.  Compliant Higher Priced Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     1/XX/2019  9:14:26 AM 1 A 12/XX/2018 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206258313           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Final/[Redacted]) Homeowner insurance under prepaids shows a premium amount of [Redacted]. The actual premium is [Redacted] verified with hazard insurance policy.   Buyer Comment (2019-03-01): (Redacted) Mortgage has elected to waive this exception.
     1/XX/2019  3:01:21 PM 2 B 12/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258313           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) The final CD disclosed the Amount of Escrowed Property Costs over Year x as [Redacted] on page x; however the monthly homeowner's insurance is causing the difference. Hazard insurance policy verifies the annual premium is [Redacted] or [Redacted]. Final CD reflects a monthly amount of [Redacted]. The actual Escrowed Property Costs over Year x are [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting escrowed property costs over x year and LOE. Exception Cured.


Buyer Comment (2019-03-01): Uploaded For Review: PCCD-LOX-Label
   1/XX/2019  8:53:11 AM   2 B 12/XX/2018 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258313           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/656902) Final CD escrow payment for payment stream x of [Redacted] does not match the actual payment for the loan of [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting estimated escrow payment and LOE. Exception Cured.


Buyer Comment (2019-03-01): Uploaded For Review: PCCD-LOX-Label
   1/XX/2019  8:52:01 AM   2 B 12/XX/2018 CA Primary Purchase 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
206258313           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Fixed Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/656902) Final CD Estimated Total Monthly Payment for payment stream x of [Redacted] does not match the actual payment for the loan of [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting estimated minimum payment and LOE. Exception Cured.


Buyer Comment (2019-03-01): Uploaded For Review: PCCD-LOX-Label
   1/XX/2019  8:52:37 AM   2 B 12/XX/2018 CA Primary Purchase 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
206258313           Compliance Compliance Federal Compliance TRID Post Close Closing Disclosure Total Of Payments Test Non-Rescindable Transactions TILA-RESPA Integrated Disclosure - Post Closing Disclosure:  Total of Payments of $[Redacted] disclosed on the Final Closing Disclosure dated [Redacted] is inaccurate by more than $100 compared to the Total of Payments calculated based on fees disclosed on the Post Closing Disclosure of $[Redacted] provided on [Redacted], a difference of $[Redacted]. (Post-Close[Redacted])     Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Refund check for under disclosed equivalent amount, Corrected CD provided


Buyer Comment (2019-03-01): Uploaded For Your Review: LOX, Copy of Check, USPS Delivery


Reviewer Comment (2019-03-01): (Redacted) received PCCD reflecting the $xxx cure.  Need copy of refund check, letter of explanation given to Borrower and proof of delivery to cure.


Buyer Comment (2019-03-01): For Your Review: PCCD-LOX-Label-Refund Check


Reviewer Comment (2019-03-01): TOP tolerance includes fees that changed after closing. Provide evidence the Reinspection fee increased after the Final CD or a refund of the TOP difference of $xxx is due.  A Corrected CD, Copy of Refund Check, Letter of Explanation and Proof of Delivery is required to cure.


Buyer Comment (2019-03-01): Please escalate: PCCD was over disclosed by $xxx, the tolerance issue is regarding under-disclosure.
   1/XX/2019  3:10:35 PM   2 B 12/XX/2018 CA Primary 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
206258313           Compliance Compliance Federal Compliance TRID Post Close Closing Disclosure Total Of Payments Test Non-Rescindable Transactions TILA-RESPA Integrated Disclosure - Post Closing Disclosure:  Total of Payments of $[Redacted] disclosed on the Final Closing Disclosure dated [Redacted] is inaccurate by more than $100 compared to the Total of Payments calculated based on fees disclosed on the Post Closing Disclosure of $[Redacted] provided on [Redacted], a difference of $[Redacted]. (Post-Close/[Redacted]) Exception cured   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Refund check for under disclosed equivalent amount, Corrected CD provided
   1/XX/2019  3:12:41 PM   2 B 12/XX/2018 CA Primary 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
206258316           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance policy number is missing from evidence of insurance.       Reviewer Comment (2019-03-01): Policy number provided.


Buyer Comment (2019-03-01): Policy number reflects on Paid invioce
 1/XX/2019  9:41:44 AM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258316           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.46960% or Final Disclosure APR of 6.47900% is in excess of allowable threshold of APOR 4.96% + 1.5%, or 6.46000%.  Compliant Higher Priced Mortgage Loan. Compliant Higher Priced Mortgage Loan.   Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     1/XX/2019  9:43:13 AM 1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258316           Compliance Compliance State Compliance (State HPML Provision) New York Subprime Loan (Ability to Repay not Verified) New York Subprime Loan: 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 with fully-amortizing payment and taking into account  payments on any simultaneously-closed loans.     Reviewer Comment (2019-03-01): Borrower attestation provided.
 1/XX/2019  9:39:13 AM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258316           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): Borrower attestation provided.
 1/XX/2019  9:39:13 AM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258316           Compliance Compliance Federal Compliance TRID - Good Faith Fee Tolerance TILA-RESPA Integrated Disclosure:  Good Faith Tolerance exceeded for Property Taxes.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Insufficient or no cure was provided to the borrower. (8807) Final closing disclosure reflects an increase in pre-paid property taxes of [Redacted] which was not previously disclosed, missing proof of valid change.   Reviewer Comment (2019-03-01): (Redacted) received VCC for tax charge change.
 1/XX/2019  7:47:57 PM     1 A 12/XX/2018 NY 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
206258316           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure [Redacted] 12:00:00 AM was received. (Interim/[Redacted]) The final revised loan estimate dated [Redacted] and the initial closing disclosure dated [Redacted] were both acknowledged electronically on [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  11:37:54 AM 2 B 12/XX/2018 NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258316           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Final disclosure does not reflect a dollar amount by which the total closing costs exceeds legal limit   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  11:38:08 AM 2 B 12/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258316           Compliance Compliance Federal Compliance NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Ability-to-Repay requirements not satisfied due to missing income documentation   Reviewer Comment (2019-03-01): Paystubs and WVOE provided.
 1/XX/2019  9:29:10 AM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258316           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Counseling Disclosure not provided to borrower at the time of application, but within three days of application.   Reviewer Comment (2019-03-01): New York Subprime Counseling Disclosure was provided within x days of app date.


Buyer Comment (2019-03-01): Brokers initial xxxx
 1/XX/2019  9:36:08 AM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258316           Compliance Compliance Federal Compliance 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 missing wage income for co-borrower.   Reviewer Comment (2019-03-01): Paystubs and WVOE provided.
 1/XX/2019  9:29:10 AM     1 A 12/XX/2018 NY Primary Purchase Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
206258316           Compliance Compliance Federal Compliance General Ability To Repay Provision Income and Assets - Wages Ability to Repay (Dodd-Frank 2014): Unable to verify S-Corp income using reasonably reliable third-party records. ( [Redacted]) Missing documentation for Wage income for co-borrower Wx/paystubs   Reviewer Comment (2019-03-01): Paystubs and WVOE provided.
 1/XX/2019  9:29:10 AM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258316           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted]     Reviewer Comment (2019-03-01): Paystubs and WVOE provided.
 1/XX/2019  9:27:45 AM     1 A 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258316           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  9:46:22 AM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258316           Credit Credit Miscellaneous Credit Exception:   Co-borrower does not have credit scores vs program requirement of a minimum of two valid credit scores. Lender approved. Borrower is self-employed as XXX XXX for 2.63 years and has been in the same profession for the past 20 years.

8.94 months reserves > 3 months guideline minimum

DTI 46.59014%, 3.40986% < program maximum of 50%

Credit score 774, 54 points >program requirement of 720

64.99996% LTV < 85% guideline max

Primary wage earner has multiple trade lines and 3 valid credit scores. No late payment on credit report since inception with earliest open date of 6/2008. No public records.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     2/XX/2019  11:22:20 AM 2 B 12/XX/2018 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258319           Compliance Compliance Federal Compliance 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 1026.43(c)(5). [Redacted]% Above Note Rate - [Redacted] I/O > non QM method 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   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  5:47:32 PM 2 B 12/XX/2018 CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206258319           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) Escrowed T&I over one year should be [Redacted] vs. [Redacted] on final CD. Monthly escrow per final CD [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting escrowed property costs over x year and LOE. Exception Cured.
   1/XX/2019  10:22:36 AM   2 B 12/XX/2018 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
206258319           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Missing from file.   Reviewer Comment (2019-03-01): Receipt of Appraisal provided.
 1/XX/2019  11:35:30 AM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other Good faith redisclosure C B C A C B A A Non QM Non QM Yes
206258319           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Missing from file.   Reviewer Comment (2019-03-01): LE's provided
 1/XX/2019  11:41:46 AM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other Good faith redisclosure C B C A C B A A Non QM Non QM Yes
206258319           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. File missing any and all LEs.   Reviewer Comment (2019-03-01): LE's provided
 1/XX/2019  11:41:46 AM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206258319           Compliance Compliance Federal Compliance 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 10% or $xxx.xx.  Insufficient or no cure was provided to the borrower. (0) [Redacted] cure was provided for this overage, other overages not accounted for.   Reviewer Comment (2019-03-01): Cure for xx% provided at closing
 1/XX/2019  11:51:14 AM     1 A 12/XX/2018 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
206258319           Compliance Compliance Federal Compliance 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. Insufficient cure provided for overage, discount points fee increased without VCC.   Reviewer Comment (2019-03-01): Change of circumstance provided


Buyer Comment (2019-03-01): attached is CD issued xx.xx.xx and COC showing discount points in the amt. of $xx,xxx.xx. The points are rate dependent charges and should not require refund


Reviewer Comment (2019-03-01): Updated (Redacted): 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.  The xx/xx/xxxx LE had a change of circumstance for loan program change and the points disclosed to the borrower were $x.  The xx/xx/xxxx LE disclosed points of $xx,xxx.xx.  The change of circumstance provided for xx/xx/xxxx does not specify why the points went from $x to $xx,xxx.xx document states that the rate lock was extended but no justification provided for points to increase


Buyer Comment (2019-03-01): Please see uploaded CDs
 1/XX/2019  3:15:53 PM     1 A 12/XX/2018 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
206258319           Compliance Compliance Federal Compliance 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. Insufficient cure provided for overage, extension fee added without VCC.   Reviewer Comment (2019-03-01): Change of circumstance provided rate lock extension


Buyer Comment (2019-03-01): Please see uploaded CDs
 1/XX/2019  11:41:46 AM     1 A 12/XX/2018 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
206258319           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Attorney Review Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Insufficient cure provided for overage, attorney's fee added without VCC.   Reviewer Comment (2019-03-01): Fee disclosed on LE's provided


Buyer Comment (2019-03-01): Please see uploaded CDs
 1/XX/2019  11:41:46 AM     1 A 12/XX/2018 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
206258319           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Courier / Express Mail / Messenger Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Insufficient cure provided for overage, courier fee increased without VCC.   Reviewer Comment (2019-03-01): paid to borrower chosen provider in section c


Buyer Comment (2019-03-01): Please see uploaded CDs
 1/XX/2019  11:41:46 AM     1 A 12/XX/2018 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
206258319           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) Captured as disclosed, closing date shown as [Redacted], mortgage signed [Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  5:48:12 PM 2 B 12/XX/2018 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
206258319           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Captured as disclosed, [Redacted].  This was for ten percent fee overage, other overages not accounted for.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  5:30:18 PM 2 B 12/XX/2018 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
206258319           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Primary/[Redacted]) No evidence if/when report provided to borrower.   Reviewer Comment (2019-03-01): Receipt of Appraisal provided.
 1/XX/2019  11:35:30 AM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206258319           Compliance Compliance Federal Compliance TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [Redacted, prior to three (3) business days from transaction date of [Redacted. Disbursement date shown as [Redacted] on final CD, prior to x days from [Redacted].   Reviewer Comment (2019-03-01): Post-close CD provided.


Buyer Comment (2019-03-01): Loan disbursed on xx-xx
 1/XX/2019  2:36:43 PM     1 A 12/XX/2018 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
206258319           Credit HUD General Refi Purpose reflects Rate/Term and cash out greater than the lesser of 2% of the loan amount or $2000.   File written up as rate/term, cashout exceeds $xk, not allowed per [Redacted] guide.   Reviewer Comment (2019-03-01): Updated Approval and 1008 provided reflecting Cash-out Refi.
 1/XX/2019  9:18:23 AM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206258319           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Please provide copy of the SSPL.  Document is missing from the loan file   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): Please provide copy of the SSPL.  Document is missing from the loan file
     1/XX/2019  4:34:12 PM 2 B 12/XX/2018 CA Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206258319           Compliance Compliance Federal Compliance 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 [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Please provided copy of the SSPL in order to verify provider,  fee is currently tested at x% until SSPL list is provided.   Reviewer Comment (2019-03-01): Sufficient or excess cure was provided to the borrower at Closing. (xxxx)


Reviewer Comment (2019-03-01): Please provided copy of the SSPL in order to verify provider,  fee is currently tested at x% until SSPL list is provided.
 1/XX/2019  3:15:53 PM     1 A 12/XX/2018 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
206258319           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $x,xxx.xx plus 10% or $x,xxx.xx.  Sufficient or excess cure was provided to the borrower at Closing. (0) Sufficient or excess cure was provided to the borrower at Closing       1/XX/2019  3:15:53 PM   1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
206258319           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Sufficient or excess cure was provided to the borrower at Closing       1/XX/2019  3:15:53 PM   1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
206258322           Compliance Legal / Regulatory / Compliance Anti-Predatory Violation (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (Notice to Assignee) Truth in Lending Act (HOEPA): Required Statement was not provided to purchaser or assignee for loan that was sold or assigned. (Note: This notice only applies when selling or assigning a HOEPA loan and may not be found in the file for loans that have not been previously sold)     Reviewer Comment (2019-03-01): HOEPA cure documentation provided to clear exception.


Reviewer Comment (2019-03-01): No statement has been provided, per the exception requirement.


Buyer Comment (2019-03-01): See trailing document provided.
 1/XX/2019  9:50:17 AM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258322           Compliance Legal / Regulatory / Compliance Anti-Predatory Violation (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (HOEPA Disclosure Not Provided) Truth in Lending Act (HOEPA):  HOEPA disclosure was not provided to the Borrower     Reviewer Comment (2019-03-01): HOEPA cure documentation provided to clear exception.


Reviewer Comment (2019-03-01): No disclosure has been provided, per the exception requirement.
 1/XX/2019  9:50:17 AM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258322           Compliance Legal / Regulatory / Compliance Anti-Predatory Violation (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Financed Points and Fees) Truth in Lending Act (HOEPA): Mortgage loan financed Points and Fees.     Reviewer Comment (2019-03-01): HOEPA cure documentation provided to clear exception.


Reviewer Comment (2019-03-01): No disclosure has been provided, per the exception requirement.


Buyer Comment (2019-03-01): See trailing document provided.
 1/XX/2019  9:50:17 AM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258322           Compliance Legal / Regulatory / Compliance Anti-Predatory Violation (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Late Charge) Truth in Lending Act (HOEPA): Mortgage loan contains a late charge that exceeds the greater of 4% of the amount past due or grace period of less than 15 days. Confirmed by Note.   Reviewer Comment (2019-03-01): HOEPA cure documentation provided to clear exception.


Reviewer Comment (2019-03-01): HOEPA requirements per website are x% max.


Buyer Comment (2019-03-01): See trailing document provided.
 1/XX/2019  9:50:17 AM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258322           Compliance Legal / Regulatory / Compliance Anti-Predatory Violation (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 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.     Reviewer Comment (2019-03-01): HOEPA cure documentation provided to cure exception to EVx-B.  Loan is no longer a HOEPA loan.


Buyer Comment (2019-03-01): Tracking shows delivered - please clear


Buyer Comment (2019-03-01): Uploaded LOX, PCCD, refund / cure check and tracking.


Reviewer Comment (2019-03-01): Need proof of refund check provided to borrower.


Buyer Comment (2019-03-01): Uploaded Borrower signed letter with option selected and proof of delivery via email.


Reviewer Comment (2019-03-01): HOEPA doesn't require interest to be refunded (i.e., overage amount only).  If borrower elects to have a refund provided for the HOEPA cure, the amount of $xx,xxx.xx would be refunded.


Reviewer Comment (2019-03-01): No disclosure has been provided, per the exception requirement.


Buyer Comment (2019-03-01): See trailing document provided.
   1/XX/2019  9:51:45 AM   2 B 12/XX/2018 CA Primary Refinance - Cash-out - Other Letter of Explanation, Signed Borrower Option Letter (with choice indicated), Refund Check & Proof of Delivery C B C B C B A A Non QM Non QM Yes
206258322           Compliance Legal / Regulatory / Compliance Anti-Predatory Violation (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Counseling Requirement) Truth in Lending Act (HOEPA): Borrower did not receive pre-loan counseling.     Reviewer Comment (2019-03-01): HOEPA cure documentation provided to clear exception.


Reviewer Comment (2019-03-01): No disclosure has been provided, per the exception requirement.


Buyer Comment (2019-03-01): See trailing document provided.
 1/XX/2019  9:50:17 AM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258322           Compliance Compliance Federal Compliance 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.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  6:05:07 PM 2 B 12/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258322           Compliance Compliance Federal Compliance ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower.     Reviewer Comment (2019-03-01): Document provided.
 1/XX/2019  1:24:05 PM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206258322           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower.     Reviewer Comment (2019-03-01): Document provided.
 1/XX/2019  1:24:05 PM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206258322           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. The initial Loan Estimate is not provided and there is no evidence of a separate disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  6:05:14 PM 2 B 12/XX/2018 CA Primary Refinance - Cash-out - Other Good faith redisclosure C B C B C B A A Non QM Non QM Yes
206258322           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. The initial Loan Estimate is not provided and there is no evidence of a separate disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  6:05:21 PM 2 B 12/XX/2018 CA Primary Refinance - Cash-out - Other Good faith redisclosure C B C B C B A A Non QM Non QM Yes
206258322           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Only the consumer's final CD is provided for review and analysis.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx CD received the same day. Exception Cleared.
 1/XX/2019  8:18:53 AM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206258322           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. No Loan Estimates are provided for review and analysis.   Reviewer Comment (2019-03-01): (Redacted) received x LEs. Exception Cleared.
 1/XX/2019  8:18:53 AM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206258322           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Approved Lender Exception provided in the file Borrower mortgage payment history shows 0x30x12.

Reserves are $1,673,000

Borrower has self-employment stability for 2 years in the Restaurant Business; with over 20 years as XXX of XXX

LTV is 42.553%, 7.44% < program max of 50%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this requirement based on validated compensating factors.
     1/XX/2019  5:36:12 PM 2 B 12/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258322           Credit Legal / Regulatory / Compliance Title / Lien Defect Title Policy Coverage is less than Original Loan Amount.   Please provide evidence of title insurance in the full amount of the loan.   Reviewer Comment (2019-03-01): Updated Title Policy Amount of $x,xxx,xxx.xx provided.
 1/XX/2019  9:11:15 AM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258322           Credit Property - Appraisal General Appraisal Requirements Subject is a refinance and property is listed for sale. Valuation Type: Appraisal / Valuation Report Date: [Redacted] The file includes a Lender Approved exception to allow the property to continue to be listed for sale. Borrower mortgage payment history shows 0x30x12.

Reserves are $1,673,000

Borrower has self-employment stability for 2 years in the Restaurant Business; with over 20 years as XXX of XXX

LTV is 42.553%, 7.44% < program max of 50%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this requirement based on validated compensating factors.
     1/XX/2019  5:35:51 PM 2 B 12/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258322           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Missing esign consent.  TRID disclosures provided electronically will not be used to set or rebaseline fees for tolerance purposes.  Disclosures sent electronically may result in a fee tolerance violation of up to [Redacted] and disclosure timing violations. Please provide E Consent.   Reviewer Comment (2019-03-01): Document provided.


Buyer Comment (2019-03-01): E Consent uploaded.
 1/XX/2019  1:24:05 PM     1 A 12/XX/2018 CA Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206258322           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Wire / Funding / Disbursement Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Fee was charged by chosen provider. Exception Cleared.   Reviewer Comment (2019-03-01): Exception cleared due to duplication.


Reviewer Comment (2019-03-01): (Redacted) received E-Sign Agreement dated xx/xx/xx.  Exception will remain until all tolerance exceptions are cleared.  Still outstanding Zero tolerance for Appraisal fee $x,xxx.xx, Title Service Charges for $xx.xx, Wire/Funding/Disbursement Fee for $xx.xx ($x,xxx.xx total) and xx% tolerance total of $x,xxx.xx to be completed.  No cure provided at closing.


Buyer Comment (2019-03-01): Exception remains open however states "Exception Cleared" under Exception Information. Please advise.
 1/XX/2019  5:56:49 PM     1 A 12/XX/2018 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
206258322           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Please provide SSPL.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  4:23:30 PM 2 B 12/XX/2018 CA Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206258322           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Service Charges.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Fee was charged by chosen provider. Exception Cleared.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD have been provided.


Buyer Comment (2019-03-01): Uploaded LOX, PCCD, refund / cure check and tracking.


Reviewer Comment (2019-03-01): (Redacted) received E-Sign Agreement dated xx/xx/xx.  Exception will remain until all tolerance exceptions are cleared.  Still outstanding Zero tolerance for Appraisal fee $x,xxx.xx, Title Service Charges for $xx.xx, Wire/Funding/Disbursement Fee for $xx.xx ($x,xxx.xx total) and xx% tolerance total of $x,xxx.xx to be completed.  No cure provided at closing.


Buyer Comment (2019-03-01): Exception remains open however states "Exception Cleared" under Exception Information. Please advise.
   1/XX/2019  1:42:41 PM   2 B 12/XX/2018 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
206258322           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) LEs signed with electronic consent are currently using $x for fees as E Consent is not in file. Please provide E consent to complete compliance testing.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD


Reviewer Comment (2019-03-01): (Redacted) received E-Sign Agreement dated xx/xx/xx.  Exception will remain until all tolerance exceptions are cleared.  Still outstanding Zero tolerance for Appraisal fee $x,xxx.xx, Title Service Charges for $xx.xx, Wire/Funding/Disbursement Fee for $xx.xx ($x,xxx.xx total) and xx% tolerance total of $x,xxx.xx to be completed.  No cure provided at closing.


Buyer Comment (2019-03-01): E Consent uploaded.
   1/XX/2019  1:48:02 PM   2 B 12/XX/2018 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
206258322           Compliance Compliance Federal Compliance TRID - Good Faith Fee Tolerance TILA-RESPA Integrated Disclosure:  Good Faith Tolerance exceeded for Homeowners Insurance Premium.  Fee Amount of $[Redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (8500) LEs signed with electronic consent are currently using $x for fees as E Consent is not in file. Please provide E consent to complete compliance testing.   Reviewer Comment (2019-03-01): Document provided.


Buyer Comment (2019-03-01): E Consent uploaded.
 1/XX/2019  1:24:05 PM     1 A 12/XX/2018 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
206258322           Compliance Compliance Federal Compliance TRID - Good Faith Fee Tolerance TILA-RESPA Integrated Disclosure:  Good Faith Tolerance exceeded for Property Taxes.  Fee Amount of $[Redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (8807) LEs signed with electronic consent are currently using $x for fees as E Consent is not in file. Please provide E consent to complete compliance testing.   Reviewer Comment (2019-03-01): Document provided.


Buyer Comment (2019-03-01): E Consent uploaded.
 1/XX/2019  1:24:05 PM     1 A 12/XX/2018 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
206258322           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $x.xx plus 10% or $x.xx.  Insufficient or no cure was provided to the borrower. (0) LEs signed with electronic consent are currently using $x for fees as E Consent is not in file. Please provide E consent to complete compliance testing.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD


Buyer Comment (2019-03-01): Uploaded LOX, PCCD, refund / cure check and tracking.


Reviewer Comment (2019-03-01): (Redacted) received E-Sign Agreement dated xx/xx/xx.  Exception will remain until all tolerance exceptions are cleared.  Still outstanding Zero tolerance for Appraisal fee $x,xxx.xx, Title Service Charges for $xx.xx, Wire/Funding/Disbursement Fee for $xx.xx ($x,xxx.xx total) and xx% tolerance total of $x,xxx.xx to be completed.  No cure provided at closing.


Buyer Comment (2019-03-01): E Consent uploaded.
   1/XX/2019  1:45:02 PM   2 B 12/XX/2018 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
206258322           Compliance Compliance Federal Compliance 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. LEs signed with electronic consent are currently using $x for fees as E Consent is not in file. Please provide E consent to complete compliance testing.   Reviewer Comment (2019-03-01): Document provided.


Buyer Comment (2019-03-01): E Consent uploaded.
 1/XX/2019  1:24:05 PM     1 A 12/XX/2018 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
206258322           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Application Fee.  Fee Amount of $[Redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7306) LEs signed with electronic consent are currently using $x for fees as E Consent is not in file. Please provide E consent to complete compliance testing.   Reviewer Comment (2019-03-01): Document provided.


Buyer Comment (2019-03-01): E Consent uploaded.
 1/XX/2019  1:24:05 PM     1 A 12/XX/2018 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
206258322           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. LEs signed with electronic consent are currently using $x for fees as E Consent is not in file. Please provide E consent to complete compliance testing.   Reviewer Comment (2019-03-01): Document provided.


Buyer Comment (2019-03-01): E Consent uploaded.
 1/XX/2019  1:24:05 PM     1 A 12/XX/2018 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
206258322           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Commitment Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. LEs signed with electronic consent are currently using $x for fees as E Consent is not in file. Please provide E consent to complete compliance testing.   Reviewer Comment (2019-03-01): Document provided.


Buyer Comment (2019-03-01): E Consent uploaded.
 1/XX/2019  1:24:05 PM     1 A 12/XX/2018 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
206258322           Compliance Compliance Federal Compliance 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. LEs signed with electronic consent are currently using $x for fees as E Consent is not in file. Please provide E consent to complete compliance testing.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD


Buyer Comment (2019-03-01): Uploaded LOX, PCCD, refund / cure check and tracking.


Reviewer Comment (2019-03-01): (Redacted) received E-Sign Agreement dated xx/xx/xx.  Exception will remain until all tolerance exceptions are cleared.  Still outstanding Zero tolerance for Appraisal fee $x,xxx.xx, Title Service Charges for $xx.xx, Wire/Funding/Disbursement Fee for $xx.xx ($x,xxx.xx total) and xx% tolerance total of $x,xxx.xx to be completed.  No cure provided at closing.


Buyer Comment (2019-03-01): E Consent uploaded.
   1/XX/2019  1:45:37 PM   2 B 12/XX/2018 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
206258322           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Attorney Review Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. LEs signed with electronic consent are currently using $x for fees as E Consent is not in file. Please provide E consent to complete compliance testing.   Reviewer Comment (2019-03-01): Exception cleared due to mislabeling.


Buyer Comment (2019-03-01): E Consent uploaded.
 1/XX/2019  5:56:49 PM     1 A 12/XX/2018 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
206258322           Compliance Compliance Federal Compliance 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. LEs signed with electronic consent are currently using $x for fees as E Consent is not in file. Please provide E consent to complete compliance testing.   Reviewer Comment (2019-03-01): Document provided.
 1/XX/2019  1:24:05 PM     1 A 12/XX/2018 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
206258322           Compliance Compliance Federal Compliance 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 of [Redacted].  Insufficient or no cure was provided to the borrower. LEs signed with electronic consent are currently using $x for fees as E Consent is not in file. Please provide E consent to complete compliance testing.   Reviewer Comment (2019-03-01): Document provided.
 1/XX/2019  1:24:05 PM     1 A 12/XX/2018 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
206258322           Compliance Compliance Federal Compliance 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. LEs signed with electronic consent are currently using $x for fees as E Consent is not in file. Please provide E consent to complete compliance testing.   Reviewer Comment (2019-03-01): Document provided.
 1/XX/2019  1:24:05 PM     1 A 12/XX/2018 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
206258322           Compliance Compliance Federal Compliance 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. [Redacted] received E-Sign Agreement dated [Redacted].  Exception will remain until all tolerance exceptions are cleared.  Still outstanding Zero tolerance for Appraisal fee [Redacted], Title Service Charges for $[Redacted], Wire/Funding/Disbursement Fee for $[Redacted] ($[Redacted] total) and 10% tolerance total of $[Redacted] to be completed.  No cure provided at closing.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD


Buyer Comment (2019-03-01): Uploaded LOX, PCCD, refund / cure check and tracking.
   1/XX/2019  1:46:11 PM   2 B 12/XX/2018 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
206258322           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Lender approved Borrower mortgage payment history shows 0x30x12.

Reserves are $1,673,000

Borrower has self-employment stability for 2 years in the Restaurant Business; with over 20 years as XXX of XXX

LTV is 42.553%, 7.44% < program max of 50%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  4:15:19 PM 2 B 12/XX/2018 CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258333           Credit Insurance Insurance Documentation Hazard Insurance Error: Missing HO-6 policy, blanket hazard insurance policy provided does not contain unit interior coverage.   HO6 coverage not referenced in insurance policy provided.  Processor cert [Redacted] signed by [Redacted] Account XXX states HO6 not required as covered by the HOA fees. Please provide copy of coverage   Reviewer Comment (2019-03-01): HO-x policy provide d.


Buyer Comment (2019-03-01): Policy uploaded
 1/XX/2019  11:56:46 AM     1 A 12/XX/2018 NY Second Home Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258333           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Lender approved exception for loan amount exceeding program maximum. No public records.

Borrower is XXX and XXX XXX for the past 10 years.

DTI of 47.86373% is 2.13627% below program maximum of 50%.

Credit score of 740 is 20 points above the program requirement of 720.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  4:46:19 PM 2 B 12/XX/2018 NY Second Home Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258333           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Secondary/[Redacted])     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  11:26:16 AM 2 B 12/XX/2018 NY Second Home Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258333           Compliance Compliance Federal Compliance 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.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  11:26:25 AM 2 B 12/XX/2018 NY Second Home Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258333           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) The CD is dated the same date as closing.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx/xxxx CD received the same day. Exception Cleared.
 1/XX/2019  2:05:25 PM     1 A 12/XX/2018 NY Second Home Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206258333           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. The Loan Estimate was not provided with the documentation.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx and xx/xx LEs. Exception Cleared.
 1/XX/2019  2:05:25 PM     1 A 12/XX/2018 NY Second Home Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206258333           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. The disclosure nor the Loan Estimate were included with the documents.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  11:26:33 AM 2 B 12/XX/2018 NY Second Home Refinance - Cash-out - Other Good faith redisclosure C B C B C B A A Non QM Non QM Yes
206258333           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. The disclosure nor the Loan Estimate were included with the documents.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  11:26:42 AM 2 B 12/XX/2018 NY Second Home Refinance - Cash-out - Other Good faith redisclosure C B C B C B A A Non QM Non QM Yes
206258333           Credit Loan Package Documentation Closing / Title Missing Lien(s) negatively impacting title   Title commitment disclosed NYS Tax Warrant of [Redacted]; Approval required proof of payment prior to or at closing.  Documentation not provided.   Reviewer Comment (2019-03-01): Proof of payment provided for tax lien.
 1/XX/2019  1:07:16 PM     1 A 12/XX/2018 NY Second Home Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258333           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Lender's analysis that was provided [Redacted] does not match bank statement documentation. Please provide corrected worksheet with deposits from [Redacted].   Reviewer Comment (2019-03-01): Correct xxxx or income worksheet provided.


Buyer Comment (2019-03-01): See trailing document provided. Please clear.
 1/XX/2019  3:27:22 PM     1 A 12/XX/2018 NY Second Home Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258333           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Tax Liens / Balance:[Redacted], Credit Report: Original // Public Record Type: Tax Liens / Balance: [Redacted], Credit Report: Original // Public Record Type: Tax Liens / Balance: [Redacted] Credit report disclosed x unpaid tax liens.  Documentation to clear them not provided.   Reviewer Comment (2019-03-01): Agree with lender, NY State Tax Warrant shows no open Warrants against borrower.


Buyer Comment (2019-03-01): See trailing documents (NY State Tax Warrant shows no open Warrants against borrower) Please clear.


Reviewer Comment (2019-03-01): State Tax Lien for $xxxx.xx and Federal Tax Lien for $xxxxx.xx, still need proof have been released and/or paid.
 1/XX/2019  3:22:51 PM     1 A 12/XX/2018 NY Second Home Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
206258333           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Missing esign consent.  TRID disclosures provided electronically will not be used to set or rebaseline fees for tolerance purposes.  Disclosures sent electronically may result in a fee tolerance violation of up to [Redacted] and disclosure timing violations. An E Consent is not found in file. Please provide to determine if exception can be cleared.   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated xx/xx/xxxx. Exception Cleared.
 1/XX/2019  8:22:20 AM     1 A 12/XX/2018 NY Second Home Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206258333           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. A SSPL is not found in file. Please provide to determine if exception can be cleared.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  11:26:52 AM 2 B 12/XX/2018 NY Second Home Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
206258333           Compliance Compliance Federal Compliance 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 initially disclosed as $[Redacted] and increased to $[Redacted] on the [Redacted] CD without a valid change of circumstance. Please provide a corrected CD, LOE, Refund Check, and Proof of Delivery to cure.   Reviewer Comment (2019-03-01): (Redacted) received LOE, refund check, corrected CD, and proof of shipment.


Reviewer Comment (2019-03-01): Upon further review, the Reinspection Fee was initially disclosed as $xxx. $xxxx cure is sufficient. Please indicate when Proof of Delivery is available to cure.


Reviewer Comment (2019-03-01): (Redacted) received PCCD indicating cure of $xxxx, Refund Check, LOE, and Shipping Label. Shipping label also indicates package has yet to ship. Please indicate once Proof of Delivery is available per tracking number to cure.


Buyer Comment (2019-03-01): PCCD, LOX, Rfd Check and Tracking provided for total cure ($xxx Appraisal fee + $xxxx Appraisal Re-Inspection Fee = $xxxx cure)
   1/XX/2019  2:26:57 PM   2 B 12/XX/2018 NY 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
206258333           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. The Second Appraisal Fee was not initially disclosed or added with a valid change of circumstance. Please provide a corrected CD, LOE, Refund Check, and Proof of Delivery to cure.   Reviewer Comment (2019-03-01): Exception Cleared. Fee was disclosed as the Appraisal Re Inspection Fee initially.


Reviewer Comment (2019-03-01): (Redacted) received PCCD indicating cure of $xxxx, Refund Check, LOE, and Shipping Label. The total cure of exception is $xxxx therefore total cure due is $xxxx. Shipping label also indicates package has yet to ship. Please provide corrected CD, LOE, Refund Check, and Proof of Delivery to cure.


Buyer Comment (2019-03-01): PCCD, LOX, Rfd Check and Tracking provided for total cure ($xxx Appraisal fee + $xxxx Appraisal Re-Inspection Fee = $xxxx cure) See trailing documents provided


Buyer Comment (2019-03-01): Appraisal Re-Inspection fee disclosed on initial LE is $xxx.  Please confirm cure amount needed. ($xxxx)
 1/XX/2019  11:52:34 AM     1 A 12/XX/2018 NY 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
206258333           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The Appraisal Fee and Reinspection Fee violated tolerance. Please provide a corrected CD, LOE, Refund Check, and Proof of Delivery to cure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  11:27:15 AM 2 B 12/XX/2018 NY Second Home Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258333           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Fee was paid to chosen provider. Exception Cleared.   Reviewer Comment (2019-03-01): Fee was paid to chosen provider. Exception Cleared.
 1/XX/2019  2:12:26 PM     1 A 12/XX/2018 NY 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
206258333           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Bankruptcy / Patriot Search.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Fee was paid to chosen provider. Exception Cleared.   Reviewer Comment (2019-03-01): Fee was paid to chosen provider. Exception Cleared.
 1/XX/2019  2:12:18 PM     1 A 12/XX/2018 NY 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
206258333           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Fee was paid to chosen provider. Exception Cleared.   Reviewer Comment (2019-03-01): Fee was paid to chosen provider. Exception Cleared.
 1/XX/2019  2:12:10 PM     1 A 12/XX/2018 NY 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
206258333           Compliance Compliance Federal Compliance 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. Upon further review, the Reinspection Fee was initially disclosed as $[Redacted]. $[Redacted] cure is sufficient. Please indicate when Proof of Delivery is available to cure.   Reviewer Comment (2019-03-01): (Redacted) received LOE, refund check, corrected CD, and proof of shipment.


Buyer Comment (2019-03-01): PCCD, LOX, Rfd Check and tracking provided. Please clear.
   1/XX/2019  2:26:24 PM   2 B 12/XX/2018 NY 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
206258333           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) HO6 policy provided.   Reviewer Comment (2019-03-01): (Redacted) received PCCD correcting non escrowed property costs over x year and LOE. Exception Cured.


Buyer Comment (2019-03-01): Uploaded revised PCCD


Reviewer Comment (2019-03-01): The annual hazard insurance premium is $xxx or $xx.xx/month.  The monthly non-escrowed total would equal to $xxx.xx.   (Redacted) will accept either xx, xx or xx months within our testing. The issue is the actual dollar amount for non-escrowed on page x which is not tying out to the monthly amount of non-escrowed costs for HOA dues and insurance.
$xxx.xx * xx = $x,xxx.xx
$xxx.xx * xx = $x,xxx.xx
$xxx.xx * xx = $x,xxx.xx
Amount of Page x of final CD = $x,xxx.xx
Amount of Page x of PC-CD = $x,xxx.xx
Note that while (Redacted) does also allow for a $x.xx tolerance (per month), that tolerance still does not get us to an acceptable value.


Reviewer Comment (2019-03-01): Non escrowed costs over year one do not include the HOx policy of xx.xx monthly.
   1/XX/2019  5:15:43 PM   2 B 12/XX/2018 NY Second Home Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258336           Credit Insurance Insurance Analysis The Hazard Insurance Policy effective date is after the Transaction Date.   Loan disbursed on [Redacted], prior to insurance effective date of [Redacted].   Reviewer Comment (2019-03-01): Hazard Insurance Policy with corrected date provided.
 1/XX/2019  11:13:25 AM     1 A 12/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206258336           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Missing evidence the Appraisal Disclosure was provided to the borrower   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  1:33:40 PM 2 B 12/XX/2018 NJ Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM Yes
206258336           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.27210% or Final Disclosure APR of 7.34900% is in excess of allowable threshold of APOR 4.99% + 1.5%, or 6.49000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): Loan is now a Compliant Higher Priced Mortgage Loan. Additional documents provided
 1/XX/2019  1:09:04 PM     1 A 12/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206258336           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - HPML Status HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Missing evidence the Appraisal Disclosure was provided to the borrower   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  1:33:49 PM 2 B 12/XX/2018 NJ Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM No
206258336           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Missing evidence the Servicing Disclosure was provided to the borrower   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  1:33:58 PM 2 B 12/XX/2018 NJ Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM Yes
206258336           Compliance Compliance Federal Compliance 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. Missing evidence the List of Homeownership Counseling Organizations Disclosure was provided to the borrower   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  1:34:06 PM 2 B 12/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206258336           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing evidence the Home Loan Toolkit Disclosure was provided to the borrower   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  1:34:15 PM 2 B 12/XX/2018 NJ Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258336           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) Evidence of earlier borrower receipt was not found in file.   Reviewer Comment (2019-03-01): Initial CD provided
 1/XX/2019  1:09:04 PM     1 A 12/XX/2018 NJ Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258336           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. There is no Loan Estimate in the file   Reviewer Comment (2019-03-01): LE's provided
 1/XX/2019  1:09:04 PM     1 A 12/XX/2018 NJ Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258336           Compliance Compliance Federal Compliance ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. Missing evidence the ARM Disclosure was provided to the borrower   Reviewer Comment (2019-03-01): Acknowledgment of receipt provided
 1/XX/2019  1:09:04 PM     1 A 12/XX/2018 NJ Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258336           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. Missing evidence the CHARM Disclosure was provided to the borrower   Reviewer Comment (2019-03-01): Acknowledgment of receipt provided
 1/XX/2019  1:09:04 PM     1 A 12/XX/2018 NJ Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258336           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.27210% or Final Disclosure APR of 7.34900% is in excess of allowable threshold of APOR 4.99% + 1.5%, or 6.49000%.  Compliant Higher Priced Mortgage Loan. Compliant Higher Priced Mortgage Loan.   Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     1/XX/2019  9:52:39 AM 1 A 12/XX/2018 NJ Primary Purchase   C B C A C B A A Non QM Non QM No
206258336           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Please provide Settlement Service Provider List to determine if provider was listed on SSPL.  Fees is currently tested at x% tolerance until Settlement Service Provider List can be reviewed.   Reviewer Comment (2019-03-01): (Redacted) received SSPL. Exception Cured.


Buyer Comment (2019-03-01): SSPL provided
 1/XX/2019  1:55:15 PM     1 A 12/XX/2018 NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258336           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Please provide Settlement Service Provider List   Reviewer Comment (2019-03-01): (Redacted) received SSPL. Exception Cured.
 1/XX/2019  1:55:15 PM     1 A 12/XX/2018 NJ Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
206258336           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Copy Or Fax Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Please provide Settlement Service Provider List to determine if provider was listed on SSPL.  Fee is currently tested at x% tolerance until Settlement Service Provider List can be reviewed.   Reviewer Comment (2019-03-01): (Redacted) received SSPL. Exception Cured.


Buyer Comment (2019-03-01): SSPL provided
 1/XX/2019  1:55:15 PM     1 A 12/XX/2018 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
206258336           Compliance Compliance Federal Compliance 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 Settlement Service Provider List to determine if provider was listed on SSPL.  Fee is currently tested at x% tolerance until Settlement Service Provider List can be reviewed.   Reviewer Comment (2019-03-01): (Redacted) received SSPL. Exception Cured.


Buyer Comment (2019-03-01): SSPL provided
 1/XX/2019  1:55:15 PM     1 A 12/XX/2018 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
206258336           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Flood cert.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Please provide Settlement Service Provider List to determine if provider was listed on SSPL.  Fee is currently tested at x% tolerance until Settlement Service Provider List can be reviewed.   Reviewer Comment (2019-03-01): (Redacted) received SSPL. Exception Cured.


Buyer Comment (2019-03-01): SSPL provided
 1/XX/2019  1:55:15 PM     1 A 12/XX/2018 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
206258336           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transaction Management.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Please provide Settlement Service Provider List to determine if provider was listed on SSPL.  Fee is currently tested at x% tolerance until Settlement Service Provider List can be reviewed.   Reviewer Comment (2019-03-01): (Redacted) received SSPL. Exception Cured.


Buyer Comment (2019-03-01): SSPL provided
 1/XX/2019  1:55:15 PM     1 A 12/XX/2018 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
206258339           Compliance Compliance Federal Compliance TRID - Good Faith Fee Tolerance TILA-RESPA Integrated Disclosure:  Good Faith Tolerance exceeded for Homeowners Insurance Premium.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Insufficient or no cure was provided to the borrower. (8500) The homeowner's insurance premium increased > the [Redacted] tolerance without a valid changed circumstance or sufficient cure provided to Borrower.   Reviewer Comment (2019-03-01): Exception cleared pending SFIG clarification on Good Faith threshold testing
 1/XX/2019  6:27:56 AM     1 A 12/XX/2018 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
206258339           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Escrowed Property Costs Year 1 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. (Final/[Redacted]) The Final CD discloses the monthly escrow payment as [Redacted]. These costs calculated over a x year period is $[Redacted] versus $[Redacted]. Total escrow amounts collected are [Redacted] a month   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure provided


Buyer Comment (2019-03-01): Uploaded For Review PCCD Docs.
   1/XX/2019  9:59:02 AM   2 B 12/XX/2018 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
206258339           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment 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. (ProjSeq:1/658699) There is a $.[Redacted] variance in the hazard insurance monthly expense. The annual premium is disclosed on the binder and the final CD as $[Redacted] which calculates to a monthly expense of [Redacted] versus the figure of [Redacted] disclosed in the escrow section of the final CD.   Reviewer Comment (2019-03-01): Exception Cured.


Buyer Comment (2019-03-01): Uploaded for Review: USPS Delivery


Reviewer Comment (2019-03-01): Letter of Explanation, Shipping Label, Corrected CD provided.  Please provide proof that the documents have been sent per UPS website tracking number xzxxxrxxxxxxxcxxxx is not valid.  Unable to verify the document has been shipped to the borrower.  Recession is not required to be re-opened since the Final CD matches the IEAD provided to the borrower and a minimal adjustment was made to escrow.


Buyer Comment (2019-03-01): Uploaded For Review PCCD Docs.
   1/XX/2019  12:57:45 PM   2 B 12/XX/2018 FL 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
206258339           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. (ProjSeq:2/658700) The correct monthly expense of the homeowner's insurance is [Redacted] versus the figure of [Redacted] disclosed in the escrow section of the final CD.   Reviewer Comment (2019-03-01): Exception Cured.


Buyer Comment (2019-03-01): Uploaded for Review: USPS Delivery


Reviewer Comment (2019-03-01): Letter of Explanation, Shipping Label, Corrected CD provided.  Please provide proof that the documents have been sent per UPS website tracking number xzxxxrxxxxxxxcxxxx is not valid.  Unable to verify the document has been shipped to the borrower.  Recession is not required to be re-opened since the Final CD matches the IEAD provided to the borrower and a minimal adjustment was made to escrow.
   1/XX/2019  12:58:35 PM   2 B 12/XX/2018 FL 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
206258339           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. (ProjSeq:3/658701) The correct monthly expense of the homeowner's insurance is [Redacted] versus the figure of [Redacted] disclosed in the escrow section of the final CD.   Reviewer Comment (2019-03-01): Exception Cured.


Buyer Comment (2019-03-01): Uploaded for Review: USPS Delivery


Reviewer Comment (2019-03-01): Letter of Explanation, Shipping Label, Corrected CD provided.  Please provide proof that the documents have been sent per UPS website tracking number xzxxxrxxxxxxxcxxxx is not valid.  Unable to verify the document has been shipped to the borrower.  Recession is not required to be re-opened since the Final CD matches the IEAD provided to the borrower and a minimal adjustment was made to escrow.


Buyer Comment (2019-03-01): Uploaded For Review PCCD Docs.
   1/XX/2019  12:58:51 PM   2 B 12/XX/2018 FL 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
206258339           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. (ProjSeq:4/658702) The correct monthly expense of the homeowner's insurance is [Redacted] versus the figure of [Redacted] disclosed in the escrow section of the final CD.   Reviewer Comment (2019-03-01): Exception Cured.


Buyer Comment (2019-03-01): Uploaded for Review: USPS Delivery


Reviewer Comment (2019-03-01): Letter of Explanation, Shipping Label, Corrected CD provided.  Please provide proof that the documents have been sent per UPS website tracking number xzxxxrxxxxxxxcxxxx is not valid.  Unable to verify the document has been shipped to the borrower.  Recession is not required to be re-opened since the Final CD matches the IEAD provided to the borrower and a minimal adjustment was made to escrow.


Buyer Comment (2019-03-01): Uploaded For Review PCCD Docs.
   1/XX/2019  12:59:13 PM   2 B 12/XX/2018 FL 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
206258339           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/658699) The correct monthly expense of the homeowner's insurance is [Redacted] versus the figure of [Redacted] disclosed in the escrow section of the final CD.   Reviewer Comment (2019-03-01): Exception Cured.


Buyer Comment (2019-03-01): Uploaded for Review: USPS Delivery


Reviewer Comment (2019-03-01): Letter of Explanation, Shipping Label, Corrected CD provided.  Please provide proof that the documents have been sent per UPS website tracking number xzxxxrxxxxxxxcxxxx is not valid.  Unable to verify the document has been shipped to the borrower.  Recession is not required to be re-opened since the Final CD matches the IEAD provided to the borrower and a minimal adjustment was made to escrow.


Buyer Comment (2019-03-01): Uploaded For Review PCCD Docs.
   1/XX/2019  12:59:33 PM   2 B 12/XX/2018 FL 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
206258339           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Final/[Redacted]) The correct monthly expense of the homeowner's insurance is [Redacted] versus the figure of [Redacted] disclosed in the escrow section of the final CD.   Buyer Comment (2019-03-01): (Redacted) Mortgage has elected to waive this exception.
     1/XX/2019  3:26:34 PM 2 B 12/XX/2018 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
206258339           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Property Value TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed an Appraised Property Value that did not match the actual Property Value for the loan. (Final/[Redacted]) The final closing disclosure indicated a valuation of [Redacted].  Actual Valuation was [Redacted]   Buyer Comment (2019-03-01): (Redacted) Mortgage has elected to waive this exception.
     1/XX/2019  3:26:48 PM 2 B 12/XX/2018 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
206258339           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The legal limit exceeded was not provided.   Buyer Comment (2019-03-01): (Redacted) Mortgage has elected to waive this exception.
     1/XX/2019  3:27:02 PM 2 B 12/XX/2018 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
206258339           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Unable to determine what the Broker's compensation was based upon due to missing LO Compensation Disclosure.   Buyer Comment (2019-03-01): (Redacted) Mortgage has elected to waive this exception.
     1/XX/2019  3:28:10 PM 2 B 12/XX/2018 FL Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
206258339           Compliance Compliance Federal Compliance 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 1026.43(c)(5). The program guidelines confirm that the qualifying payment for a x/x ARM with [Redacted] year interest only feature should be based upon the base interest rate plus x.x%. The base interest rate should be calculated using the greater of the Note rate or fully indexed rate.   Buyer Comment (2019-03-01): (Redacted) Mortgage has elected to waive this exception.
     1/XX/2019  3:28:21 PM 2 B 12/XX/2018 FL Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
206258342           Credit Credit Credit Documentation Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Verification of timely rental payment history on  the subject property within the most recent [Redacted] months is missing from file. Monthly housing payment reduction 185.95

Borrower has employment stability for more than 7 years in the Automotive Industry.

FICO Score 724, 4points > program requirement 720.		 Reviewer Comment (2019-03-01): Allow x months of mortgage history (per recent CBR) vs program requirement of xx months (Per final xxxx borrower was renting subject property past x years prior to purchasing x months ago.


Buyer Comment (2019-03-01): Exception Approval


Reviewer Comment (2019-03-01): CBR supplement only reflects x month mortgage payment history, still need x month payment history for previous rental payments.


Buyer Comment (2019-03-01): CBR supplement


Reviewer Comment (2019-03-01): Months reviewed indicates x months and payment history only shows x payments. Need xx month history between previous rental and current mortgage for grading.


Buyer Comment (2019-03-01): See xx/x CBR reporting since x/xx
     1/XX/2019  9:39:30 AM 2 B 12/XX/2018 CA Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206258342           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Lender approved exception in file for reserves not meeting required number of months (per guidelines). Monthly housing payment reduction 185.95

Borrower has employment stability for more than 7 years in the Automotive Industry.

FICO Score 724, 4points > program requirement 720.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  11:02:10 AM 2 B 12/XX/2018 CA Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206258342           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Lender approved exception in file for DTI exceeding product/program max. Monthly housing payment reduction 185.95

Borrower has employment stability for more than 7 years in the Automotive Industry.

FICO Score 724, 4points > program requirement 720.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  11:02:23 AM 2 B 12/XX/2018 CA Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206258342           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] 4506 or 4506-T is missing and is required by program guidelines.   Reviewer Comment (2019-03-01): xxxx-T (xxxx) provided.


Buyer Comment (2019-03-01): xxxx-T
 1/XX/2019  3:24:28 PM     1 A 12/XX/2018 CA Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206258342           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  7:17:37 PM 2 B 12/XX/2018 CA Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206258342           Compliance Compliance Federal Compliance 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 51.77623% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.)   Monthly housing payment reduction 185.95

Borrower has employment stability for more than 7 years in the Automotive Industry.

FICO Score 724, 4points > program requirement 720.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  11:04:31 AM 2 B 12/XX/2018 CA Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206258342           Compliance Compliance Federal Compliance TRID Closing Disclosure Lump Sum Allocation Lump sum lender/seller credit disclosed on Closing Disclosure applied to offset non-finance charges first, then finance charges pursuant to client's election as permitted under SFIG RMBS 3.0 TRID Compliance Review Scope Version 2.0 (updated October 2018).  Anti-predatory lending points and fees testing are not impacted.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  7:18:01 PM 2 B 12/XX/2018 CA Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206258342           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[Redacted]) Initial CD issued less than x days prior to closing and received by the borrower less than x days prior to closing.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the xx/xx/xxxx CD was received the same day. Exception Cleared.


Buyer Comment (2019-03-01): CD tracking uploaded for review.
 1/XX/2019  7:55:11 AM     1 A 12/XX/2018 CA Primary Refinance - Rate/Term No Defined Cure C B C B C B A A Non QM Non QM No
206258345           Credit Loan Package Documentation Application / Processing Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided       Reviewer Comment (2019-03-01): Loan Underwriting and Transmittal Summary (xxxx) / MCAW provided
 1/XX/2019  9:38:01 AM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206258345           Credit Missing Document General Missing Document: Borrower Ability to Repay Attestation not provided   The document is provided and signed, however, it is incomplete.   Reviewer Comment (2019-03-01): Borrower Ability to Repay Attestation provided
 1/XX/2019  9:38:25 AM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206258345           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $x.xx plus 10% or $x.xx.  Insufficient or no cure was provided to the borrower. (0) Because the initial LE was delivered electronically and there is no borrower consent provided, the initially disclosed fees are not registered as a valid baseline and all fees exceed tolerances.   Reviewer Comment (2019-03-01): (Redacted) received the complete Final CD and (Redacted) CD. An updated duplicate exception is populated.


Buyer Comment (2019-03-01): See E Consent uploaded
 1/XX/2019  1:46:49 PM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation 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
206258345           Compliance Compliance Federal Compliance 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. Because the initial LE was delivered electronically and there is no borrower consent provided, the initially disclosed fees are not registered as a valid baseline and all fees exceed tolerances.   Reviewer Comment (2019-03-01): E-Sign Consent agreement is provided.


Buyer Comment (2019-03-01): E Consent uploaded
 1/XX/2019  9:37:04 AM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation 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
206258345           Compliance Compliance Federal Compliance 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. Because the initial LE was delivered electronically and there is no borrower consent provided, the initially disclosed fees are not registered as a valid baseline and all fees exceed tolerances.   Reviewer Comment (2019-03-01): Valid CoC provided.
 1/XX/2019  9:37:04 AM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation 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
206258345           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Because the initial LE was delivered electronically and there is no borrower consent provided, the initially disclosed fees are not registered as a valid baseline and all fees exceed tolerances.   Reviewer Comment (2019-03-01): Valid CoC provided.
 1/XX/2019  9:37:04 AM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation 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
206258345           Compliance Compliance Federal Compliance 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. Because the initial LE was delivered electronically and there is no borrower consent provided, the initially disclosed fees are not registered as a valid baseline and all fees exceed tolerances.   Reviewer Comment (2019-03-01): Valid CoC provided.
 1/XX/2019  9:37:04 AM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation 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
206258345           Compliance Compliance Federal Compliance 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. Because the initial LE was delivered electronically and there is no borrower consent provided, the initially disclosed fees are not registered as a valid baseline and all fees exceed tolerances.   Reviewer Comment (2019-03-01): Valid CoC provided.
 1/XX/2019  9:37:04 AM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation 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
206258345           Compliance Compliance Federal Compliance 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. Because the initial LE was delivered electronically and there is no borrower consent provided, the initially disclosed fees are not registered as a valid baseline and all fees exceed tolerances.   Reviewer Comment (2019-03-01): Valid CoC provided.
 1/XX/2019  9:37:04 AM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation 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
206258345           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Settlement / Closing / Escrow Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Because the initial LE was delivered electronically and there is no borrower consent provided, the initially disclosed fees are not registered as a valid baseline and all fees exceed tolerances.   Reviewer Comment (2019-03-01): Valid CoC provided.
 1/XX/2019  9:37:04 AM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation 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
206258345           Compliance Compliance Federal Compliance 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 of [Redacted].  Insufficient or no cure was provided to the borrower. Because the initial LE was delivered electronically and there is no borrower consent provided, the initially disclosed fees are not registered as a valid baseline and all fees exceed tolerances.   Reviewer Comment (2019-03-01): Valid CoC provided.
 1/XX/2019  9:37:04 AM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation 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
206258345           Compliance Compliance Federal Compliance 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. Because the initial LE was delivered electronically and there is no borrower consent provided, the initially disclosed fees are not registered as a valid baseline and all fees exceed tolerances.   Reviewer Comment (2019-03-01): Valid CoC provided.
 1/XX/2019  9:37:04 AM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation 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
206258345           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Cash To Close TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] did not disclose the Final value of Cash to Close. (Final/[Redacted]) Page x of the consumer's final CD is missing.   Reviewer Comment (2019-03-01): (Redacted) received the complete Final CD and (Redacted) CD. Exception Cleared.
 1/XX/2019  1:38:16 PM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258345           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Closing Costs Financed TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed Closing Costs Financed that does not match actual amount of closing costs financed. (Final/[Redacted]) Page x of the consumer's final CD is missing.   Reviewer Comment (2019-03-01): (Redacted) received the complete Final CD and (Redacted) CD. Exception Cleared.
 1/XX/2019  1:38:16 PM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258345           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller Loan Estimate Value - Closing Costs Paid Before Closing TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] incorrectly disclosed Closing Costs Paid Before Closing in the Loan Estimate column. (Final/[Redacted]) Page x of the consumer's final CD is missing.   Reviewer Comment (2019-03-01): (Redacted) received the complete Final CD and (Redacted) CD. Exception Cleared.
 1/XX/2019  1:38:16 PM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258345           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller Loan Estimate Value - Loan Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] did not disclose the Loan Estimate value of Loan Amount. (Final/[Redacted]) Page x of the consumer's final CD is missing.   Reviewer Comment (2019-03-01): (Redacted) received the complete Final CD and (Redacted) CD. Exception Cleared.
 1/XX/2019  1:38:16 PM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258345           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller Loan Estimate Value - Total Closing Costs TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] did not disclose the Loan Estimate value of Total Closing Costs. (Final/[Redacted]) Page x of the consumer's final CD is missing.   Reviewer Comment (2019-03-01): (Redacted) received the complete Final CD and (Redacted) CD. Exception Cleared.
 1/XX/2019  1:38:16 PM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258345           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller Loan Estimate Value - Total Payoffs TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] did not disclose the Loan Estimate value of Total Payoffs and Payments. (Final/[Redacted]) Page x of the consumer's final CD is missing.   Reviewer Comment (2019-03-01): (Redacted) received the complete Final CD and (Redacted) CD. Exception Cleared.
 1/XX/2019  1:38:16 PM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258345           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller Value - Closing Costs Paid Before Closing TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] did not disclose the Final value of Closings Costs Paid Before Closing. (Final/[Redacted]) Page x of the consumer's final CD is missing.   Reviewer Comment (2019-03-01): (Redacted) received the complete Final CD and (Redacted) CD. Exception Cleared.
 1/XX/2019  1:38:16 PM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258345           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller Value - Loan Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] did not disclose the Final value of Loan Amount. (Final/[Redacted]) Page x of the consumer's final CD is missing.   Reviewer Comment (2019-03-01): (Redacted) received the complete Final CD and (Redacted) CD. Exception Cleared.
 1/XX/2019  1:38:16 PM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258345           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller Value - Total Closing Costs TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] did not disclose the final value of Total Closing Costs. (Final/[Redacted]) Page x of the consumer's final CD is missing.   Reviewer Comment (2019-03-01): (Redacted) received the complete Final CD and (Redacted) CD. Exception Cleared.
 1/XX/2019  1:38:16 PM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258345           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller Value - Total Payoffs TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] did not disclose the Final value of Total Payoffs and Payments. (Final/[Redacted]) Page x of the consumer's final CD is missing.   Reviewer Comment (2019-03-01): (Redacted) received the complete Final CD and (Redacted) CD. Exception Cleared.
 1/XX/2019  1:38:16 PM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258345           Compliance Compliance Federal Compliance TRID - Good Faith Fee Tolerance TILA-RESPA Integrated Disclosure:  Good Faith Tolerance exceeded for Homeowners Insurance Premium.  Fee Amount of $[Redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (8500) Because the initial LE was delivered electronically and there is no borrower consent provided, the initially disclosed fees are not registered as a valid baseline and all fees exceed tolerances.   Reviewer Comment (2019-03-01): Exception cleared pending SFIG clarification on Good Faith threshold testing
 1/XX/2019  6:27:56 AM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation 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
206258345           Compliance Compliance Federal Compliance TRID - Good Faith Fee Tolerance TILA-RESPA Integrated Disclosure:  Good Faith Tolerance exceeded for Property Taxes.  Fee Amount of $[Redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (8807) Because the initial LE was delivered electronically and there is no borrower consent provided, the initially disclosed fees are not registered as a valid baseline and all fees exceed tolerances.   Reviewer Comment (2019-03-01): Exception cleared pending SFIG clarification on Good Faith threshold testing
 1/XX/2019  6:27:56 AM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation 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
206258345           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) No evidence that an initial CD being issued to the consumer is provided.   Reviewer Comment (2019-03-01): (Redacted) received the complete Final CD and (Redacted) CD. Exception Cleared.
 1/XX/2019  1:38:16 PM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C A C B A A Non QM Non QM No
206258345           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.28990% or Final Disclosure APR of 7.35700% is in excess of allowable threshold of APOR 4.79% + 1.5%, or 6.29000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     1/XX/2019  12:56:33 PM 1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206258345           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) New York Subprime Loan: Counseling Disclosure not provided to borrower.     Reviewer Comment (2019-03-01): New York Subprime Loan: Counseling Disclosure provided
 1/XX/2019  9:37:04 AM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206258345           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan.     Reviewer Comment (2019-03-01): New York Subprime Loan: Counseling Disclosure provided
 1/XX/2019  9:37:04 AM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206258345           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Missing esign consent.  TRID disclosures provided electronically will not be used to set or rebaseline fees for tolerance purposes.  Disclosures sent electronically may result in a fee tolerance violation of up to [Redacted] and disclosure timing violations. E-Sign Consent agreement is not provided.   Reviewer Comment (2019-03-01): E-Sign Consent agreement is provided.
 1/XX/2019  9:37:04 AM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C A C B A A Non QM Non QM No
206258345           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Loan Estimate Without Seller- Cash to Close TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] did not disclose Loan Estimate value for Cash to Close. (Final/[Redacted]) Page x of the consumer's final CD is missing.   Reviewer Comment (2019-03-01): (Redacted) received the complete Final CD and (Redacted) CD. Exception Cleared.
 1/XX/2019  1:38:16 PM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258345           Credit Missing Document General Incomplete Document: Closing Disclosure is incomplete   Page x of the consumer's final CD is missing.   Reviewer Comment (2019-03-01): (Redacted) received the complete Final CD and (Redacted) CD. Exception Cleared.


Buyer Comment (2019-03-01): Final CD uploaded
 1/XX/2019  1:41:47 PM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206258345           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Secondary/[Redacted])     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  1:13:17 PM 2 B 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206258345           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  1:13:27 PM 2 B 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206258345           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) [Redacted] received the complete Final CD and [Redacted] CD. The cure due is [Redacted]. Fees in the 10% tolerance exceed tolerance by $XXX. The HOI violation is $XXX. The Property Tax violation is $[Redacted]. Please provide corrected CD, LOE, Refund Check, and Proof of Delivery to cure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  1:13:35 PM 2 B 12/XX/2018 NY Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258348           Credit Legal / Regulatory / Compliance Title / Lien Defect Title Evidence is not a standard policy.       Reviewer Comment (2019-03-01): Standard title commitment in file dated xx/xx/xxxx.


Buyer Comment (2019-03-01): Title report uploaded for review.  Is standard policy, Schedule A, Schedule B part I, II.
 1/XX/2019  4:06:58 PM     1 A 01/04/2019 NC Second Home Purchase   C B C A B B A A Non QM Non QM No
206258348           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  3:44:14 PM 2 B 01/04/2019 NC Second Home Purchase   C B C A B B A A Non QM Non QM No
206258348           Compliance Compliance Federal Compliance TRID Closing Disclosure Lump Sum Allocation Lump sum lender/seller credit disclosed on Closing Disclosure applied to offset non-finance charges first, then finance charges pursuant to client's election as permitted under SFIG RMBS 3.0 TRID Compliance Review Scope Version 2.0 (updated October 2018).  Anti-predatory lending points and fees testing are not impacted.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  3:44:21 PM 2 B 01/04/2019 NC Second Home Purchase   C B C A B B A A Non QM Non QM No
206258348           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Final/[Redacted]) Monthly HOI per CD is [Redacted]/mo. which is [Redacted] annually, CD shows [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  3:44:28 PM 2 B 01/04/2019 NC Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM Yes
206258351           Credit Loan Package Documentation Application / Processing Missing Document: Purchase Agreement / Sales Contract not provided   Pur[Redacted]contract provided in file is incomplete.  Missing entire contract and borrower's signature.  Provide complete contract.   Reviewer Comment (2019-03-01): Complete Purchase Agreement provided.


Reviewer Comment (2019-03-01): Original Purchase Agreement pages stop at line xx, need all pages after that, including signatures. The disclosure provided with signatures is just for Lead Based Paint. Exception remains.


Reviewer Comment (2019-03-01): Rider to contract provided, however file still missing complete original purchase agreement with signatures.
 1/XX/2019  1:46:03 PM     1 A 1/XX/2019 NY Primary Purchase   D B D B C B A A Non QM Non QM No
206258351           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. LTV of [Redacted] exceeds max LTV allowed of [Redacted].  Approved Lender exception in file. No public records and no derogatory credit.

Borrower is XXX XXX for the past 18 years.

DTI is 38.91447%, 11.08553% < program maximum of 50%.

Credit score is 813, 153 points > program requirement of 660.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  11:45:13 AM 2 B 1/XX/2019 NY Primary Purchase   D B D B C B A A Non QM Non QM No
206258351           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The Closing Disclosure does not indicate the value by which the Total Closing Costs exceeds the legal limit.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  11:18:48 AM 2 B 1/XX/2019 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B C B A A Non QM Non QM Yes
206258351           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. The Loan Estimate discloses $[Redacted] for the loan origination charges.  The initial CD has loan origination charges of $[Redacted] without a valid change in circumstance.   Reviewer Comment (2019-03-01): (Redacted) received the PCCD, LOE, refund and shipping - delivered x/xx/xx.


Reviewer Comment (2019-03-01): (Redacted) received PCCD indicating $xxx cure, Refund Check, LOE, and Shipping Label scheduled for delivery Tuesday. Please indicate when Proof of Delivery is available per tracking to cure.
   1/XX/2019  5:03:57 PM   2 B 1/XX/2019 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 B C B A A Non QM Non QM Yes
206258351           Compliance Compliance Federal Compliance 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 initial Loan Estimate discloses Transfer Tax fees of $[Redacted].  The initial Closing Disclosure has $[Redacted] State Tax/Stamps and $[Redacted] Transfer taxes for a total of [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received the PCCD, LOE, refund and shipping - delivered x/xx/xx.


Reviewer Comment (2019-03-01): (Redacted) received PCCD indicating $xxx cure, Refund Check, LOE, and Shipping Label scheduled for delivery Tuesday. Please indicate when Proof of Delivery is available per tracking to cure.
   1/XX/2019  5:04:14 PM   2 B 1/XX/2019 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 B C B A A Non QM Non QM Yes
206258351           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure [Redacted] 12:00:00 AM was received. (Interim/[Redacted]) Revised LE dated [Redacted] was acknowledged as being received by the borrower on [Redacted] which is the date of consummation of closing.   Reviewer Comment (2019-03-01): The mailbox rule can be applied to the (Redacted) LE. Exception Cleared.


Buyer Comment (2019-03-01): he revised loan estimate date xx/xx/xx  is null and void since a revised  LE and COC was sent to the borrower on xx/xx/xx and the package was received by the borrower on xx/xx/xx x.xx AM- see attached
 1/XX/2019  1:57:39 PM     1 A 1/XX/2019 NY Primary Purchase No Defined Cure D B D B C B A A Non QM Non QM No
206258351           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted]) Revised LE dated [Redacted] was acknowledged as being received by the borrower on [Redacted] which is the date of consummation of closing.   Reviewer Comment (2019-03-01): The mailbox rule can be applied to the (Redacted) LE. Exception Cleared.


Buyer Comment (2019-03-01): he revised loan estimate date xx/xx/xx  is null and void since a revised  LE and COC was sent to the borrower on xx/xx/xx and the package was received by the borrower on xx/xx/xx x.xx AM- see attached
 1/XX/2019  1:57:39 PM     1 A 1/XX/2019 NY Primary Purchase No Defined Cure D B D B C B A A Non QM Non QM No
206258354           Credit Credit Credit Documentation Missing Document: Credit Report not provided   Provide a copy of the credit report used in origination.   Reviewer Comment (2019-03-01): Credit Report provided


Buyer Comment (2019-03-01): Credit Report uploaded.
 1/XX/2019  8:35:58 AM     1 A 12/XX/2018 GA Primary Refinance - Cash-out - Other   D B D A C B A A Non QM Non QM No
206258354           Compliance Compliance Federal Compliance 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 1026.43(c)(5).     Buyer Comment (2019-03-01): Please waive
     1/XX/2019  6:06:47 PM 2 B 12/XX/2018 GA Primary Refinance - Cash-out - Other   D B D A C B A A Non QM Non QM No
206258354           Compliance Compliance Federal Compliance 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 is disclosed as $[Redacted] on the Loan Estimate.  The Final Closing Disclosure discloses the appraisal fee as [Redacted].       1/XX/2019  2:42:23 PM   1 A 12/XX/2018 GA Primary Refinance - Cash-out - Other Final CD evidences Cure D B D A C B A A Non QM Non QM Yes
206258354           Compliance Compliance Federal Compliance 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 ATR fail is in reference to the missing credit report.   Reviewer Comment (2019-03-01): CBR provided for review.
 1/XX/2019  8:33:14 AM     1 A 12/XX/2018 GA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status D B D A C B A A Non QM Non QM Yes
206258354           Compliance Compliance Federal Compliance General Ability To Repay Provision Credit History Ability to Repay (Dodd-Frank 2014): Unable to verify debt obligations using reasonably reliable third-party records. The credit report is missing and needs to be provided for review.   Reviewer Comment (2019-03-01): CBR provided for review.
 1/XX/2019  8:33:14 AM     1 A 12/XX/2018 GA Primary Refinance - Cash-out - Other   D B D A C B A A Non QM Non QM No
206258354           Compliance Compliance Federal Compliance NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. The credit report is missing.  The Ability to Repay requirements are not met until the Debt Ratio can be deteremined.   Reviewer Comment (2019-03-01): CBR provided for review.
 1/XX/2019  8:33:14 AM     1 A 12/XX/2018 GA Primary Refinance - Cash-out - Other   D B D A C B A A Non QM Non QM No
206258354           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. (Final/[Redacted]) The calculated finance charge is [Redacted].  The final closing disclosure has a finance charge of [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of correction at closing.


Buyer Comment (2019-03-01): Please see Executed CD for cure of $xx. Please cure
   1/XX/2019  4:41:09 PM   2 B 12/XX/2018 GA 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 B D A C B A A Non QM Non QM Yes
206258354           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): Please waive
     1/XX/2019  8:38:52 PM 2 B 12/XX/2018 GA Primary Refinance - Cash-out - Other   D B D A C B A A Non QM Non QM No
206258354           Compliance Compliance Federal Compliance Right of Rescission Timing - Note Date used as Transaction Date Unable to conclusively determine date of consummation. Note date used as transaction date for purposes of determining compliance with rescission timing requirements     Buyer Comment (2019-03-01): Please waive
     1/XX/2019  12:50:59 PM 2 B 12/XX/2018 GA Primary Refinance - Cash-out - Other   D B D A C B A A Non QM Non QM No
206258357           Compliance Compliance Federal Compliance TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. There is no evidence the Servicing Disclosure was provided to borrowers within x days of application date.   Reviewer Comment (2019-03-01): (Redacted) received initial LE dated xx/xx/xx


Reviewer Comment (2019-03-01): (Redacted) received Disclosure Summary for Electronic documents sent to the Borrower on xx/xx/xx, including an alternate LE.  File contains only x LE dated xx/xx/xx.  It appears there are additional disclosures not provided for review.
 1/XX/2019  8:56:15 PM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM Yes
206258357           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. There is no evidence that Borrowers were provided a list of service providers.   Reviewer Comment (2019-03-01): (Redacted) received SSPL


Reviewer Comment (2019-03-01): Not provided.
 1/XX/2019  8:56:15 PM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206258357           Compliance Compliance Federal Compliance TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (Initial/[Redacted]) LE was not delivered or placed in the mail within x business days of application.   Reviewer Comment (2019-03-01): (Redacted) received initial LE dated xx/xx/xx


Reviewer Comment (2019-03-01): (Redacted) received Disclosure Summary for Electronic documents sent to the Borrower on xx/xx/xx, including an alternate LE.  File contains only x LE dated xx/xx/xx.  It appears there are additional disclosures not provided for review.
 1/XX/2019  8:56:15 PM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206258357           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Calculating Cash to close section (pg) : Exceeds legal limit by" is less than the required cure amount.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  10:08:07 AM 2 B 12/XX/2018 NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258357           Compliance Compliance Federal Compliance 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. (Initial/[Redacted]) LE was not delivered or placed in the mail to borrowers at least seven business days prior to closing.   Reviewer Comment (2019-03-01): (Redacted) received initial LE dated xx/xx/xx


Buyer Comment (2019-03-01): Please see uploaded LEs


Reviewer Comment (2019-03-01): (Redacted) received Disclosure Summary for Electronic documents sent to the Borrower on xx/xx/xx, including an alternate LE.  File contains only x LE dated xx/xx/xx.  It appears there are additional disclosures not provided for review.
 1/XX/2019  8:56:15 PM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206258357           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided 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. 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   Reviewer Comment (2019-03-01): Zero tolerance violation of $775 was cured at closing.


Buyer Comment (2019-03-01): Please see uploaded LEs


Reviewer Comment (2019-03-01): (Redacted) received Disclosure Summary for Electronic documents sent to the Borrower on xx/xx/xx, including an alternate LE.  File contains only x LE dated xx/xx/xx.  It appears there are additional disclosures not provided for review.


Buyer Comment (2019-03-01): Disclosed $xxx.  Charge of $xxxx.  Gave a cure of $xxx
 1/XX/2019  8:58:03 PM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM Yes
206258357           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Tax Certificate Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Title - Tax Certificate Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower   Reviewer Comment (2019-03-01): (Redacted) received initial LE dated xx/xx/xx


Buyer Comment (2019-03-01): Please see uploaded LEs


Reviewer Comment (2019-03-01): (Redacted) received Disclosure Summary for Electronic documents sent to the Borrower on xx/xx/xx, including an alternate LE.  File contains only x LE dated xx/xx/xx.  It appears there are additional disclosures not provided for review.


Buyer Comment (2019-03-01): x. Please waive as they chose their own title company
 1/XX/2019  8:56:15 PM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM Yes
206258357           Credit 1003 Missing Document Missing Lender's Intial 1003/Application.       Reviewer Comment (2019-03-01): Lender's Intial xxxx/Application provided.
 1/XX/2019  8:16:51 AM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206258357           Compliance Compliance Federal Compliance 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.   Reviewer Comment (2019-03-01): (Redacted) received evidence of earlier receipt.
 1/XX/2019  6:55:27 PM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM Yes
206258357           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] ___ Documents missing to support the SSI income used to qualify.   Reviewer Comment (2019-03-01): Confirmed that Bx income is supported by Award letter; (REDACTED) supported by xxxx; and Survivor Benefit supported by Award letter, bank statements showing current receipt and confirmation via birth certificate of continuance based on child birth date of x/x/xx.


Reviewer Comment (2019-03-01): Per FNMA guide, file missing proof of receipt for B-x SSI amount  $xxxx.xx and for B-x (REDACTED) income only have xxxx xxxx, need proof of regular and continued receipt.


Reviewer Comment (2019-03-01): Still missing proof of (REDACTED) income and bank statements showing B-x SSI.


Reviewer Comment (2019-03-01): Still need daughters SSI.
 1/XX/2019  11:42:06 AM     1 A 12/XX/2018 NY Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206258357           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $xxx.xx plus 10% or $xxx.xx.  Sufficient or excess cure was provided to the borrower. (0) [Redacted] received initial LE dated [Redacted]   Reviewer Comment (2019-03-01): Fee was paid to same provider - updated fee entry.


Reviewer Comment (2019-03-01): Erroneous entry by underwriting caused the Ten Percent Fee to show cured, however, it has not yet been cured. Provide a Corrected CD, Copy of Refund Check, Letter of Explanation and Proof of Delivery to cure.


Reviewer Comment (2019-03-01): Erroneous entry by underwriting caused the Ten Percent Fee to show cured, however, it has not yet been cured.
 1/XX/2019  12:00:00 PM     1 A 12/XX/2018 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
206258357           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $xxx.xx plus 10% or $xxx.xx.  Insufficient or no cure was provided to the borrower. (0) Erroneous entry by underwriting caused the Ten Percent Fee to show cured, however, it has not yet been cured. Provide a Corrected CD, Copy of Refund Check, Letter of Explanation and Proof of Delivery to cure.   Reviewer Comment (2019-03-01): Fees reconciled exception cleared
 1/XX/2019  4:33:32 PM     1 A 12/XX/2018 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
206258357           Compliance Compliance Federal Compliance 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. Tolerance cure of $[Redacted] was done at closing   Reviewer Comment (2019-03-01): Fees reconciled exception cleared
 1/XX/2019  4:33:32 PM     1 A 12/XX/2018 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
206258357           Compliance Compliance Federal Compliance 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. Cure of $[Redacted] provided at closing       1/XX/2019  4:33:32 PM   1 A 12/XX/2018 NY Primary Refinance - Cash-out - Other Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
206258360           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) New York Subprime Loan: Counseling Disclosure not provided to borrower within three days of application. Disclosure provided on [Redacted]; application received on [Redacted].   Reviewer Comment (2019-03-01): Counseling Disclosure provided on day lender determined loan to be NY Subprime.  Exception cleared.


Buyer Comment (2019-03-01): 2. (Redacted) from BEFORE the fail and the one AT the fail to show the Subprime disclosure was signed timely
 1/XX/2019  11:07:36 AM     1 A 1/XX/2019 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258360           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Non-Compliant SubPrime Loan. No subprime exceptions exist. Loan is a compliant NY Subprime Home Loan.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  12:37:04 PM 2 B 1/XX/2019 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258360           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Missing esign consent.  TRID disclosures provided electronically will not be used to set or rebaseline fees for tolerance purposes.  Disclosures sent electronically may result in a fee tolerance violation of up to [Redacted] and disclosure timing violations. Missing E-sign consent, several fee overage exceptions due to initial LE being e-signed, considered invalid and all fee baselines are [Redacted].   Reviewer Comment (2019-03-01): E-consent provided.
 1/XX/2019  11:53:33 AM     1 A 1/XX/2019 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258360           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Demand Feature TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan contains a Demand Feature. (Final/[Redacted]) Field not completed on final CD.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  12:37:13 PM 2 B 1/XX/2019 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258360           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not provide a tolerance cure for the fees changed without a valid change of circumstance.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  12:37:21 PM 2 B 1/XX/2019 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258360           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing Home Loan Toolkit.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.
 1/XX/2019  5:18:02 PM     1 A 1/XX/2019 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258360           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Missing Settlement Service Providers List.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.
 1/XX/2019  5:18:02 PM     1 A 1/XX/2019 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258360           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $x.xx plus 10% or $x.xx.  Insufficient or no cure was provided to the borrower. (0) Insufficient cure provided for overages, ten percent fees increased without VCC.   Reviewer Comment (2019-03-01): E-consent provided.
 1/XX/2019  11:53:33 AM     1 A 1/XX/2019 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
206258360           Compliance Compliance Federal Compliance 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. Insufficient cure provided for overage, missing e-sign consent so initial LE baseline is [Redacted] for discount points.   Reviewer Comment (2019-03-01): E-consent provided.
 1/XX/2019  11:53:33 AM     1 A 1/XX/2019 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
206258360           Compliance Compliance Federal Compliance 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. Insufficient cure provided for overage, missing e-sign consent so initial LE baseline is [Redacted] for underwriting fee.   Reviewer Comment (2019-03-01): E-consent provided.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  11:53:33 AM     1 A 1/XX/2019 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
206258360           Compliance Compliance Federal Compliance 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. Insufficient cure provided for overage, missing e-sign consent so initial LE baseline is [Redacted] for processing fee.   Reviewer Comment (2019-03-01): E-consent provided.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  11:53:33 AM     1 A 1/XX/2019 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
206258360           Compliance Compliance Federal Compliance 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. Insufficient cure provided for overage, missing e-sign consent so initial LE baseline is [Redacted] for appraisal fee.   Reviewer Comment (2019-03-01): SSPL was provided with a settlement service provider identified.


Reviewer Comment (2019-03-01): No valid CoC. Exception remains.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  1:55:42 PM     1 A 1/XX/2019 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
206258360           Compliance Compliance Federal Compliance 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. Insufficient cure provided for overage, missing e-sign consent so initial LE baseline is [Redacted] for credit report fee.   Reviewer Comment (2019-03-01): E-consent provided.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  11:53:33 AM     1 A 1/XX/2019 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
206258360           Compliance Compliance Federal Compliance 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 of [Redacted].  Insufficient or no cure was provided to the borrower. Insufficient cure provided for overage, missing e-sign consent so initial LE baseline is [Redacted] for flood cert fee.   Reviewer Comment (2019-03-01): E-consent provided.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  11:53:33 AM     1 A 1/XX/2019 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
206258360           Compliance Compliance Federal Compliance 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. Insufficient cure provided for overage, missing e-sign consent so initial LE baseline is [Redacted] for tax service fee.   Reviewer Comment (2019-03-01): E-consent provided.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  11:53:33 AM     1 A 1/XX/2019 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
206258360           Compliance Compliance Federal Compliance 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. Insufficient cure provided for overage, abstract/title search fee added without VCC.   Reviewer Comment (2019-03-01): SSLP provided and provider is not listed.


Buyer Comment (2019-03-01): borrower chose their own title company therefore not subject to tolerance


Reviewer Comment (2019-03-01): No valid CoC. Exception remains.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  4:01:11 PM     1 A 1/XX/2019 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
206258360           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Services Sales Tax.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Insufficient cure provided for overage, sales tax fee added without VCC.   Reviewer Comment (2019-03-01): SSLP provided and provider is not listed.


Buyer Comment (2019-03-01): borrower chose their own title company therefore not subject to tolerance


Reviewer Comment (2019-03-01): No valid CoC. Exception remains.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  4:01:11 PM     1 A 1/XX/2019 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
206258360           Compliance Compliance Federal Compliance 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. Insufficient cure provided for overage, missing e-sign consent so initial LE baseline is [Redacted] for transfer taxes.   Reviewer Comment (2019-03-01): E-consent provided.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  11:53:33 AM     1 A 1/XX/2019 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
206258360           Compliance Compliance Federal Compliance ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. Missing ARM Disclosure.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.
 1/XX/2019  5:18:02 PM     1 A 1/XX/2019 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258360           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. Missing CHARM Booklet.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.
 1/XX/2019  5:18:02 PM     1 A 1/XX/2019 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258360           Compliance Compliance Federal Compliance 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. (Type:Primary/[Redacted])     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  12:38:56 PM 2 B 1/XX/2019 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258360           Compliance Compliance Federal Compliance TRID Service Provider - Compliant TILA-RESPA Integrated Disclosure: Settlement Service Provider List did not provide at least one available provider for each settlement service borrower is entitled to shop for or inform borrower they may choose different provider from list. Settlement Service Provider List not provided, just summary of disclosures.   Reviewer Comment (2019-03-01): SSPL was provided with a settlement service provider identified.
 1/XX/2019  1:55:42 PM     1 A 1/XX/2019 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258360           Compliance Compliance Federal Compliance 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.         1/XX/2019  1:55:42 PM   1 A 1/XX/2019 NY Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
206258363           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-03-01): Approval provided
 1/XX/2019  9:12:42 AM     1 A 1/XX/2019 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258363           Credit Credit Credit Calculation / Analysis Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Approved lender exception doc 0005 for 637 FICO vs. program min. 640. No public records found.

Borrower has been self employed as XXX XXX for the past 3.76 years.

Reserves are 3.3 months, .3 months > program requirement of 3 months.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  3:51:08 PM 2 B 1/XX/2019 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258363           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Minimum Loan Amount discrepancy. Note loan amount of ___ is less than Guideline minimum loan amount of ___. Approved lender exception doc 0005 for $[Redacted] loan amount vs. program min. of [Redacted] No public records found.

Borrower has been self employed as XXX XXX for the past 3.76 years.

Reserves are 3.3 months, .3 months > program requirement of 3 months.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  3:51:18 PM 2 B 1/XX/2019 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258363           Compliance Compliance Federal Compliance ECOA Appraisal - Appraisal Provided Prior to Date Performed   Doc [Redacted] shows borrower was provided report on [Redacted] vs. report date of [Redacted].  Report in file appears to be a revision.   Reviewer Comment (2019-03-01): Corrected received date.
 1/XX/2019  9:12:12 AM     1 A 1/XX/2019 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258363           Compliance Compliance Federal Compliance FACTA Disclosure Missing       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  3:12:24 PM 2 B 1/XX/2019 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258363           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant       Reviewer Comment (2019-03-01): (Redacted) received xx/xx CD and LEs. Exception Cleared.
 1/XX/2019  11:52:02 AM     1 A 1/XX/2019 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258363           Compliance Compliance Federal Compliance RESPA Disclosure - List of Homeownership Counseling Organizations Missing       Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  3:12:33 PM 2 B 1/XX/2019 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258363           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided   Missing from file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  3:12:48 PM 2 B 1/XX/2019 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258363           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver   Evidence of earlier receipt missing from file, one and only CD received.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx CD and LEs. Exception Cleared.
 1/XX/2019  11:52:02 AM     1 A 1/XX/2019 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258363           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File   File missing any and all Loan Estimates.   Reviewer Comment (2019-03-01): (Redacted) received xx/xx CD and LEs. Exception Cleared.
 1/XX/2019  11:52:02 AM     1 A 1/XX/2019 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258363           Compliance Compliance Federal Compliance ARM Disclosure Status       Reviewer Comment (2019-03-01): ARM loan program disclosure  provided
 1/XX/2019  8:04:47 AM     1 A 1/XX/2019 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258363           Compliance Compliance Federal Compliance CHARM Booklet Disclosure Status       Reviewer Comment (2019-03-01): CHARM Booklet provided
 1/XX/2019  8:09:13 AM     1 A 1/XX/2019 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258363           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - ECOA Status   Missing from file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  3:13:02 PM 2 B 1/XX/2019 FL Primary Purchase Good faith redisclosure C B C B C B A A Non QM Non QM Yes
206258363           Compliance Compliance Federal Compliance TRID Appraisal Disclosure - HPML Status   Missing from file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  3:13:13 PM 2 B 1/XX/2019 FL Primary Purchase Good faith redisclosure C B C B C B A A Non QM Non QM No
206258363           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status   Missing from file.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  3:13:22 PM 2 B 1/XX/2019 FL Primary Purchase Good faith redisclosure C B C B C B A A Non QM Non QM Yes
206258363           Credit Credit Credit Eligibility Public Record Issue: Credit Report: Original // Public Record Type: Charge-offs / Balance:  [Redacted] Non-medical collection over  >$xk, needs to be paid per [Redacted] guide. Asset account [Redacted] reduced by total balance of [Redacted]   Reviewer Comment (2019-03-01): Credit Supplement provided showing zero balance.


Buyer Comment (2019-03-01): Credit Supplement uploaded showing zero balance.
 1/XX/2019  12:52:36 PM     1 A 1/XX/2019 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258363           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant       Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     1/XX/2019  12:44:24 PM 1 A 1/XX/2019 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258363           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status   [Redacted] received [Redacted] CD and LEs. Please provide E Consent to determine if exception can be cleared.   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted). Exception Cleared.


Buyer Comment (2019-03-01): Esign Consent uploaded
 1/XX/2019  4:10:48 PM     1 A 1/XX/2019 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258363           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status   [Redacted] received [Redacted] CD and LEs. Please provide the SSPL to determine if exception can be cleared.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  11:35:45 AM 2 B 1/XX/2019 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258363           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits   [Redacted] received [Redacted] CD and LEs. Please provide E Consent to determine if exception can be cleared. The Credit Report Fee additionally increased without a valid change of circumstance on the [Redacted] LE. Please provide corrected CD, LOE, Refund Check, and Proof of Delivery to cure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  11:35:57 AM 2 B 1/XX/2019 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258363           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided   [Redacted] received [Redacted] CD and LEs. Please provide E Consent to determine if exception can be cleared.   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted). Exception Cleared.


Buyer Comment (2019-03-01): E Consent uploaded.
 1/XX/2019  4:10:48 PM     1 A 1/XX/2019 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 B C B A A Non QM Non QM Yes
206258363           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided   [Redacted] received [Redacted] CD and LEs. Please provide E Consent to determine if exception can be cleared.   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted). Exception Cleared.


Buyer Comment (2019-03-01): E Consent uploaded.
 1/XX/2019  4:10:48 PM     1 A 1/XX/2019 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 B C B A A Non QM Non QM Yes
206258363           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided   [Redacted] received [Redacted] CD and LEs. Please provide E Consent to determine if exception can be cleared.   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted). Exception Cleared.


Buyer Comment (2019-03-01): E Consent uploaded.
 1/XX/2019  4:10:48 PM     1 A 1/XX/2019 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 B C B A A Non QM Non QM Yes
206258363           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided   [Redacted] received [Redacted] CD and LEs. Please provide E Consent to determine if exception can be cleared.   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted). Exception Cleared.


Buyer Comment (2019-03-01): E Consent uploaded.
 1/XX/2019  4:10:48 PM     1 A 1/XX/2019 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 B C B A A Non QM Non QM Yes
206258363           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided   [Redacted] received [Redacted] CD and LEs. Please provide E Consent to determine if exception can be cleared.   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted). Exception Cleared.


Buyer Comment (2019-03-01): E Consent uploaded.
 1/XX/2019  4:10:48 PM     1 A 1/XX/2019 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 B C B A A Non QM Non QM Yes
206258363           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided   [Redacted] received [Redacted] CD and LEs. Please provide E Consent to determine if exception can be cleared. The Credit Report Fee additionally increased without a valid change of circumstance on the [Redacted] LE. Please provide corrected CD, LOE, Refund Check, and Proof of Delivery to cure.   Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD were received.


Buyer Comment (2019-03-01): See cure documents provided with tracking label.


Reviewer Comment (2019-03-01): (Redacted) received the Settlement Service Provider List.  The required cure documents still outstanding are: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD required to cure.  Cure amount confirmed of $xxx.xx.  The Initial LE disclosed a credit report fee of $xx and the Final CD shows $xxx.xx.  Change of circumstance does not specify the reason for change on the revised LE other than fees update which does not justify the credit report fee increasing.


Buyer Comment (2019-03-01): See trailing documents. Please Clear.


Reviewer Comment (2019-03-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD required to cure.  Cure amount confirmed of $xxx.xx


Buyer Comment (2019-03-01): Please confirm cure amount as $xxx.xx.


Reviewer Comment (2019-03-01): Changed Circumstance indicates loan was locked and the settlement fees were updated. Locking the loan is not a valid reason for the credit report fee to increase. Additionally, just stating that the settlement fees increased is not a valid changed circumstance.  Information on what caused the credit report fee to increase and when the lender was aware of the change is required for (Redacted) to complete its analysis.


Reviewer Comment (2019-03-01): Lender does not agree - The LE COC produced xx/xx/xxxx shows change of circumstance - Locked and Other. Comments section - loan file was locked; settlement fees updated. The credit report is considered a settlement fee. This was already disclosed accurately. Guidelines do not state specific update  needs to be written out on the COC.


Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted). The xx/xx/xxxx COC does not indicate a valid reason for the fee to increase as required. Please provide corrected CD, LOE, Refund Check, and Proof of Delivery to cure.


Buyer Comment (2019-03-01): Disclosure Tracking / VCC dated xx/xx reflects CoC: Locked Loan and Other (LE dated xx/xx shows CR fee of $xxx disclosed)


Buyer Comment (2019-03-01): LOX provided reflecting prior VCC included increase meeting TRID requirements. Please clear.


Buyer Comment (2019-03-01): E Consent uploaded.
   2/XX/2019  1:33:14 PM   2 B 1/XX/2019 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 B C B A A Non QM Non QM Yes
206258363           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided   [Redacted] received [Redacted] CD and LEs. Please provide E Consent to determine if exception can be cleared.   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted). Exception Cleared.


Buyer Comment (2019-03-01): E Consent uploaded.
 1/XX/2019  4:10:48 PM     1 A 1/XX/2019 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 B C B A A Non QM Non QM Yes
206258363           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided   [Redacted] received [Redacted] CD and LEs. Please provide E Consent to determine if exception can be cleared.   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted). Exception Cleared.


Buyer Comment (2019-03-01): E Consent uploaded.
 1/XX/2019  4:10:48 PM     1 A 1/XX/2019 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 B C B A A Non QM Non QM Yes
206258366           Credit Assets Asset Documentation Asset documentation requirements not met according to Decision System Input. All documentation requirements for ___ were not met. All funds used for closing in business account vs. transferring from business to personal as required per guidelines.  Approved Lender Exception in file. Borrowers have (Borrower has) owned the current property for 14 years with no late payments

Self-employed as XXX XXXfor the past 14 years.

10 months of reserves, 5 months > program max of 3 months.

Credit score is 726, 6 points> than program requirement of720

DTI 42.34%, 7.66% < program max of 50%.

LTV 70%, 20% < program maximum of 90%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  1:40:00 PM 2 B 1/XX/2019 GA Primary Purchase   C B C B C A A A Non QM Non QM No
206258366           Compliance Compliance Federal Compliance 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. Missing evidence borrower was provided the List of Homeownership Counseling Organizations at time of application.   Reviewer Comment (2019-03-01): Homeownership Counseling List provided
 1/XX/2019  11:36:51 AM     1 A 1/XX/2019 GA Primary Purchase   C B C B C A A A Non QM Non QM No
206258366           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. There is no evidence the borrower was provided with list of service providers.   Reviewer Comment (2019-03-01): Settlement Service Provider
 1/XX/2019  11:36:51 AM     1 A 1/XX/2019 GA Primary Purchase No Defined Cure C B C B C A A A Non QM Non QM No
206258366           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.57570% or Final Disclosure APR of 7.64200% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     1/XX/2019  1:34:42 PM 1 A 1/XX/2019 GA Primary Purchase   C B C B C A A A Non QM Non QM No
206258366           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. There is no evidence the borrower was provided Your Home Loan Toolkit Disclosure.   Reviewer Comment (2019-03-01): Home Loan Toolkit Provided
 1/XX/2019  11:36:51 AM     1 A 1/XX/2019 GA Primary Purchase No Defined Cure C B C B C A A A Non QM Non QM No
206258366           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[Redacted]) The final CD dated [Redacted] was not provided to the Borrower at least three business days prior to closing   Reviewer Comment (2019-03-01): (Redacted) received (Redacted) CD that was received the same day. Exception Cleared.
 1/XX/2019  5:40:27 PM     1 A 1/XX/2019 GA Primary Purchase No Defined Cure C B C B C A A A Non QM Non QM No
206258366           Credit Document Error General Property is a Condo.  Condo Rider was not indicated on the Security Instrument.   Subject is a Condo per the appraisal yet Security Instrument indicated PUD and only PUD rider in file as well as title commitment and legal description. Please have final title and appraisal corrected to Condominium.   Reviewer Comment (2019-03-01): Condo rider provided.
 1/XX/2019  10:39:18 AM     1 A 1/XX/2019 GA Primary Purchase   C B C B C A A A Non QM Non QM No
206258369           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.45760% or Final Disclosure APR of 6.49500% is in excess of allowable threshold of APOR 4.67% + 1.5%, or 6.17000%.  Compliant Higher Priced Mortgage Loan. Final Disclosure APR of [Redacted]% exceeds the APOR threshold of [Redacted]   Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     1/XX/2019  1:21:46 PM 1 A 1/XX/2019 NY Primary Purchase   B B A A B B A A Non QM Non QM No
206258369           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Borrower was not provided with the Home Loan Toolkit Disclosure   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  3:38:59 PM 2 B 1/XX/2019 NY Primary Purchase No Defined Cure B B A A B B A A Non QM Non QM No
206258369           Compliance Compliance Federal Compliance TIL Higher Priced Mortgage Loan Safe Harbor TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. Appraiser not in National Registry.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  3:39:08 PM 2 B 1/XX/2019 NY Primary Purchase   B B A A B B A A Non QM Non QM No
206258372           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Lender provided a exception for [Redacted] however calculations are [Redacted]% please provide updated exception. Borrower has 5 closed mortgage reporting paid as agreed since inception. No late payments on credit report since inception with earliest open date of 01/1998. No public records.

Borrower has been in the auto oil change business for the past 5 years

Credit score is 740, 100 points > program requirement of 640

LTV is 80%, 5% < maximum program of 85%		 Reviewer Comment (2019-03-01): DTI is 52.316% vs program max of 50%


Reviewer Comment (2019-03-01): Neither (redacted) nor (Redacted) was included in DTI. Issue is that reviewer used most recent CBR for liabilities and (Redacted) used initial CBR, also (Redacted) used 50% of deposits from business bank accounts, but the businesses are owned 50%, which reduces the deposits usage to 25%.


Buyer Comment (2019-03-01): Please see attached credit supplement evidencing that the borrower is not responsible for the (Redacted) and (Redacted) account.  This brings the DTI to 52.40.
     2/XX/2019  9:18:12 AM 2 B 1/XX/2019 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258372           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant       Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     1/XX/2019  11:32:38 AM 1 A 1/XX/2019 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258372           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.   Missing evidence of the borrower's receipt of the LO Compensation Disclosure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  3:36:20 PM 2 B 1/XX/2019 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258372           Compliance Compliance Federal Compliance Check Loan Designation Match - ATR Risk   Lender provided a exception for [Redacted] however calculations are [Redacted]% please provide updated exception.   Reviewer Comment (2019-03-01): Lender provided a exception for 52.316% vs guideline max of 50%
 2/XX/2019  9:22:06 AM     1 A 1/XX/2019 FL Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C B C B A A Non QM Non QM Yes
206258372           Compliance Compliance Federal Compliance General Ability To Repay Provision Investor Guidelines   Lender provided a exception for [Redacted] however calculations are [Redacted]% please provide updated exception.   Reviewer Comment (2019-03-01): Lender provided a exception for 52.316%
 2/XX/2019  9:19:40 AM     1 A 1/XX/2019 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258372           Compliance Compliance Federal Compliance General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines   Lender provided a exception for [Redacted] however calculations are [Redacted]% please provide updated exception. Borrower has 5 closed mortgage reporting paid as agreed since inception. No late payments on credit report since inception with earliest open date of 01/1998. No public records.

Borrower has been in the auto oil change business for the past 5 years

Credit score is 740, 100 points > program requirement of 640

LTV is 80%, 5% < maximum program of 85%		 Reviewer Comment (2019-03-01): Lender provided a exception for 52.316% vs guideline max of 50%
     2/XX/2019  9:21:14 AM 2 B 1/XX/2019 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258372           Credit Guideline Guideline Issue The borrower is self-employed.  Guidelines require either a tax professional letter or regulatory agency verifying at least 2 years of self-employment along with either a phone listing and/or business address using directory assistance or internet search to be in file.   Lender approved exception to allow Borrower is self-employed owns x [Redacted] locations with one location [Redacted] #x less than x years (x.x years) vs program requirement of [Redacted] months. Borrower has 5 closed mortgage reporting paid as agreed since inception. No late payments on credit report since inception with earliest open date of 01/1998. No public records.

Borrower has been in the auto oil change business for the past 5 years

Credit score is 740, 100 points > program requirement of 640

LTV is 80%, 5% < maximum program of 85%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  11:16:38 AM 2 B 1/XX/2019 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258372           Credit Credit Credit Documentation Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Please provide Verification of Rent for the borrower's current residence supporting maximum [Redacted]. Borrower has 5 closed mortgage reporting paid as agreed since inception. No late payments on credit report since inception with earliest open date of 01/1998. No public records.

Borrower has been in the auto oil change business for the past 5 years

Credit score is 740, 100 points > program requirement of 640

LTV is 80%, 5% < maximum program of 85%		 Reviewer Comment (2019-03-01): Do not require VOR vs program requirement of 12 months payment history must be obtained and verified.


Buyer Comment (2019-03-01): Please see attached revised Exception allowing for no rental history.


Reviewer Comment (2019-03-01): Rent free letter can not come from  the person who lives rent free. It needs to come from the person who allows them to live rent free. Exception remains.


Buyer Comment (2019-03-01): Please see revised 1003 and rent free letter.  The $3000 was a typo


Reviewer Comment (2019-03-01): Per final 1003, borrower pays $3000.00 per month fro rent. Exception remains.


Buyer Comment (2019-03-01): Please see attached Rent free letter for current residence.
     02/04/2019 2 B 1/XX/2019 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258375           Property Appraisal Reconciliation Value Discrepancy Loan is to go in a securitization and reflects only one valuation product when two are required.   Missing Appraisal.   Reviewer Comment (2019-03-01): Appraisal provided.


Reviewer Comment (2019-03-01): error


Reviewer Comment (2019-03-01): Agree with lender. CDA provided and no sales in last 36 months.


Buyer Comment (2019-03-01): Per Appraisal, no sale in the last 3 years
 1/XX/2019  8:35:10 AM     1 A 1/XX/2019 NY Primary Purchase   D B D A C B C A Non QM Non QM No
206258375           Credit Loan Package Documentation Application / Processing Missing Valuation: Valuation Type: Appraisal / Valuation Report Date: <empty> Missing Appraisal.   Reviewer Comment (2019-03-01): Appraisal provided.
 1/XX/2019  8:35:16 AM     1 A 1/XX/2019 NY Primary Purchase   D B D A C B C A Non QM Non QM No
206258375           Credit Property - Appraisal Appraisal Documentation Missing Document: Appraisal not provided   Missing Appraisal.   Reviewer Comment (2019-03-01): Appraisal provided.


Buyer Comment (2019-03-01): Please see uploaded appraisal and final inspection
 1/XX/2019  8:35:26 AM     1 A 1/XX/2019 NY Primary Purchase   D B D A C B C A Non QM Non QM No
206258375           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.06440% or Final Disclosure APR of 7.12300% is in excess of allowable threshold of APOR 4.79% + 1.5%, or 6.29000%.  Non-Compliant Higher Priced Mortgage Loan. Missing the appraisal.   Reviewer Comment (2019-03-01): Appraisal provided.


Buyer Comment (2019-03-01): Please see uploaded appraisal and final inspection
 1/XX/2019  8:33:31 AM     1 A 1/XX/2019 NY Primary Purchase   D B D A C B C A Non QM Non QM No
206258375           Compliance Compliance Federal Compliance TIL Higher Priced Mortgage Loan Safe Harbor TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. HPML Safe Harbor rule not met due to missing appraisal.   Reviewer Comment (2019-03-01): Appraisal provided.


Buyer Comment (2019-03-01): Please see uploaded appraisal and final inspection
 1/XX/2019  8:33:31 AM     1 A 1/XX/2019 NY Primary Purchase   D B D A C B C A Non QM Non QM No
206258375           Compliance Compliance Federal Compliance (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Appraisal Not Obtained Timely) Unable to determine compliance with timely delivery of valuation to borrower due to missing information. Due to missing appraisal, unable to confirm delivery of appraisal to borrower was compliant.   Reviewer Comment (2019-03-01): Appraisal provided.
 1/XX/2019  8:33:31 AM     1 A 1/XX/2019 NY Primary Purchase   D B D A C B C A Non QM Non QM No
206258375           Compliance Compliance Federal Compliance (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Appraisal - Did Not Physically Visit) TILA HPML Appraisal Rule (Dodd-Frank 2014): Appraisal not obtained by physical visit to property. Missing Appraisal.   Reviewer Comment (2019-03-01): Appraisal provided.
 1/XX/2019  8:33:31 AM     1 A 1/XX/2019 NY Primary Purchase   D B D A C B C A Non QM Non QM No
206258375           Compliance Compliance Federal Compliance Appraisal Flipped Property Missing Information Last Sales Price or Last Sales Date from the Primary Valuation or Contract Sales Price or Contract Sales Date are missing. Unable to determine compliance with TIL HPML Flipped Property Requirements. Missing Appraisal.   Reviewer Comment (2019-03-01): Appraisal provided.


Buyer Comment (2019-03-01): Per appraisal, no sale listing in the last 3 years
 1/XX/2019  8:33:31 AM     1 A 1/XX/2019 NY Primary Purchase   D B D A C B C A Non QM Non QM No
206258375           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan. Subject loan APR of [Redacted]% exceeded the max NY State APR  of x.x%.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  2:28:28 PM 2 B 1/XX/2019 NY Primary Purchase   D B D A C B C A Non QM Non QM No
206258378           Compliance Compliance Federal Compliance 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 1026.43(c)(5). Base rate +1.9 per investor does not match the Non-QM Method of 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.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  2:15:17 PM 2 B 1/XX/2019 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258378           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Subject loan program only allows a maximum loan amount of [Redacted] compared to the subject loan amount of [Redacted]. A Lender approved exception was granted with a counter-offer of maximum LTV of [Redacted]. Borrower has no public records reporting.

Borrower is owner and XXX for the past 5 years and in the profession for 23 years.

DTI is 1.68575%, 48% < program maximum of 50%

Reserves are 68 months, 65 months>program requirement of 3 months		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  12:20:25 PM 2 B 1/XX/2019 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258378           Compliance Compliance Federal Compliance 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. (Type:Primary/[Redacted]) Documentation in file confirms the copies of both appraisals were provided to the Borrower after the effective dates but prior to the report date of the appraisal used to calculate the LTV.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  2:15:28 PM 2 B 1/XX/2019 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258378           Compliance Compliance Federal Compliance Loan Estimate: The "Date Issued" is prior to 10/XX/2015 and incorrectly entered on the Loan Estimate.   Page x of the initial Loan Estimate is missing from file. Unable to confirm data found on this page. The date issued was determined using the print date and signature date on pages x and x.   Reviewer Comment (2019-03-01): Complete LE dated (Redacted) provided.
 1/XX/2019  9:39:51 AM     1 A 1/XX/2019 NY Primary Purchase   C B C B C B A A Non QM Non QM No
206258381           Credit Income / Employment Income Documentation The verbal verification of employment was obtained more than 10 days prior to the note date.   Verbal VOE dated [Redacted]; Note dated [Redacted].   Reviewer Comment (2019-03-01): Updated VVOE dated (Redacted) provided.
 1/XX/2019  3:15:36 PM     1 A 1/XX/2019 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258381           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Lender approved exception to LTV. Borrower has employment stability for 23 years with XXX Services.

Borrower has been employed 23 years with XXX Services.

Re-established accounts all paid as agreed since 12/2015.		 Reviewer Comment (2019-03-01): Allow for LTV of 85% with a xxxx B/K dismissed xx months ago (Redacted) vs program requirement of xx months or a max LTV of 75%.


Buyer Comment (2019-03-01): See trailing document.
     1/XX/2019  9:49:25 AM 2 B 1/XX/2019 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258381           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.84710% or Final Disclosure APR of 7.89800% is in excess of allowable threshold of APOR 4.59% + 1.5%, or 6.09000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     1/XX/2019  10:36:11 AM 1 A 1/XX/2019 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258381           Compliance Compliance Federal Compliance TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. The Loan Estimate or disclosure were not provided.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  4:37:59 PM 2 B 1/XX/2019 FL Primary Purchase Good faith redisclosure C B C B C B A A Non QM Non QM Yes
206258381           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD did not disclose a tolerance cure for the increase to the Transfer Taxes.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  4:37:53 PM 2 B 1/XX/2019 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258381           Compliance Compliance Federal Compliance TILA-RESPA Integrated Disclosure: application date on or after 10/XX/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[Redacted] may be required. The Loan Estimate was not provided.   Reviewer Comment (2019-03-01): (Redacted) received REDACTED COC. Exception Cleared.


Buyer Comment (2019-03-01): See trailing documents
 1/XX/2019  10:12:39 AM     1 A 1/XX/2019 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258381           Compliance Compliance Federal Compliance 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 CD issued on disclosed the Transfer Taxes as [Redacted] and StateTax/Stamps as [Redacted]; the final CD disclosed the Transfer Taxes as [Redacted] and did not disclose a State Tax/Stamps fee.   Reviewer Comment (2019-03-01): (Redacted) received REDACTED COC. Exception Cleared.


Buyer Comment (2019-03-01): See trailing document
 1/XX/2019  10:12:39 AM     1 A 1/XX/2019 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 B C B A A Non QM Non QM Yes
206258384           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Missing esign consent.  TRID disclosures provided electronically will not be used to set or rebaseline fees for tolerance purposes.  Disclosures sent electronically may result in a fee tolerance violation of up to [Redacted] and disclosure timing violations. Evidence of electronic consent not provided.   Reviewer Comment (2019-03-01): E Consent provided


Buyer Comment (2019-03-01): E Consent provided
 1/XX/2019  1:42:55 PM     1 A 1/XX/2019 TX Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206258384           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller Change - Total Closing Costs TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether there was a change in the Total Closing Costs. (Final/[Redacted]) The Loan Estimate and Final columns disclose different amounts; however "Did this change?" is answered No.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  10:06:04 AM 2 B 1/XX/2019 TX Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258384           Compliance Compliance Federal Compliance TRID Interim Closing Disclosure Timing Irregular Transactions TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on [Redacted] contains a change in APR, loan product or addition of prepayment penalty and was not received by borrower at least three (3) business days prior to consummation The CD issued on [Redacted] disclosed an APR of [Redacted]; the CD issued on [Redacted] disclosed [Redacted].  Therefore, the CD provided on [Redacted] required a new waiting period.   Reviewer Comment (2019-03-01): (Redacted) received PCCD and (Redacted) CD. Exception Cleared.


Buyer Comment (2019-03-01): See trailing documents
 1/XX/2019  1:08:55 PM     1 A 1/XX/2019 TX Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206258384           Compliance Compliance Federal Compliance 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 $x.xx plus 10% or $x.xx.  Insufficient or no cure was provided to the borrower. (0) Due to missing e-sign consent documentation, the baseline for the [Redacted] fees is [Redacted] and was increased without a valid change of circumstance.   Reviewer Comment (2019-03-01): E Consent provided


Buyer Comment (2019-03-01): E Consent provided.
 1/XX/2019  1:42:55 PM     1 A 1/XX/2019 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 C B C A C B A A Non QM Non QM Yes
206258384           Compliance Compliance Federal Compliance 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. Due to missing e-sign consent documentation, the baseline for the Loan Discount Points is [Redacted] and was increased without a valid change of circumstance.   Reviewer Comment (2019-03-01): E Consent provided


Buyer Comment (2019-03-01): E Consent provided
 1/XX/2019  1:42:55 PM     1 A 1/XX/2019 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 C B C A C B A A Non QM Non QM Yes
206258384           Compliance Compliance Federal Compliance 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. Due to missing e-sign consent documentation, the baseline for the Underwriting Fee is [Redacted] and was increased without a valid change of circumstance.   Reviewer Comment (2019-03-01): E Consent provided


Buyer Comment (2019-03-01): E Consent provided
 1/XX/2019  1:42:55 PM     1 A 1/XX/2019 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 C B C A C B A A Non QM Non QM Yes
206258384           Compliance Compliance Federal Compliance 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. Due to missing e-sign consent documentation, the baseline for the Processing Fee is [Redacted] and was increased without a valid change of circumstance.   Reviewer Comment (2019-03-01): E Consent provided


Buyer Comment (2019-03-01): E Consent provided
 1/XX/2019  1:42:55 PM     1 A 1/XX/2019 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 C B C A C B A A Non QM Non QM Yes
206258384           Compliance Compliance Federal Compliance 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 $0.00.  Insufficient or no cure was provided to the borrower. (7355) Due to missing e-sign consent documentation, the baseline for the Administration Fee is [Redacted] and was increased without a valid change of circumstance.   Reviewer Comment (2019-03-01): E Consent provided


Buyer Comment (2019-03-01): E Consent provided
 1/XX/2019  1:42:55 PM     1 A 1/XX/2019 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 C B C A C B A A Non QM Non QM Yes
206258384           Compliance Compliance Federal Compliance 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. Due to missing e-sign consent documentation, the baseline for the Appraisal Fee is [Redacted] and was increased without a valid change of circumstance.   Reviewer Comment (2019-03-01): Cured at closing.


Reviewer Comment (2019-03-01): (Redacted) received PCCD indicating cure of $1246.42, refund check of $5, and LOE. The Appraisal Fee increased from $1800 to $2725 without a valid change of circumstance. Please additional refund of $925 for Appraisal Fee tolerance violation and Proof of Delivery to cure.


Buyer Comment (2019-03-01): E Consent provided
   1/XX/2019  9:03:20 PM   1 A 1/XX/2019 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 C B C A C B A A Non QM Non QM Yes
206258384           Compliance Compliance Federal Compliance 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. Due to missing e-sign consent documentation, the baseline for the Credit Report Fee is [Redacted] and was increased without a valid change of circumstance.   Reviewer Comment (2019-03-01): Cured at closing.


Reviewer Comment (2019-03-01): (Redacted) received PCCD indicating cure of $1246.42, refund check of $5, and LOE. The Credit Report Fee increased from $180 to $496.42 without a valid change of circumstance. Please additional refund of $316.42 for Credit Report Fee tolerance violation and Proof of Delivery to cure.


Buyer Comment (2019-03-01): E Consent provided
   1/XX/2019  9:03:50 PM   1 A 1/XX/2019 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 C B C A C B A A Non QM Non QM Yes
206258384           Compliance Compliance Federal Compliance 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. Due to missing e-sign consent documentation, the baseline for the Document Preparation Fee is [Redacted] and was increased without a valid change of circumstance.   Reviewer Comment (2019-03-01): E Consent provided


Buyer Comment (2019-03-01): E Consent provided
 1/XX/2019  1:42:55 PM     1 A 1/XX/2019 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 C B C A C B A A Non QM Non QM Yes
206258384           Compliance Compliance Federal Compliance ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. The disclosure was provided at closing.   Reviewer Comment (2019-03-01): Initial ARM Disclosure provided


Buyer Comment (2019-03-01): See trailing document


Reviewer Comment (2019-03-01): ARM Disclosure provided dated (Redacted), not with 3 days of app date.
 1/XX/2019  11:42:08 AM     1 A 1/XX/2019 TX Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206258384           Credit Missing Document General Missing Document: Borrower Ability to Repay Attestation not provided       Reviewer Comment (2019-03-01): Borrower Ability to Repay Attestation provided


Buyer Comment (2019-03-01): See trailing document
 1/XX/2019  11:38:20 AM     1 A 1/XX/2019 TX Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206258384           Compliance Compliance State Compliance (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) Texas Constitution Section 50(a)(6): Acknowledgment of the Fair Market Value not properly executed by the Lender. Document was not signed by lender.   Reviewer Comment (2019-03-01): Texas Cash-out Fair Market Acknowledgment Signed By Lender provided.
 1/XX/2019  1:42:55 PM     1 A 1/XX/2019 TX Primary Refinance - Cash-out - Other To Remediate: Lender must either sign the AFMV.  Best practices would be to deliver to the borrower the required disclosure signed by the lender 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
206258384           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Not Yet Due and Payable.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. The fee was added to the CD issued on [Redacted] without a valid change of circumstance.   Reviewer Comment (2019-03-01): letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided


Buyer Comment (2019-03-01): Tracking uploaded


Reviewer Comment (2019-03-01): (Redacted) received PCCD indicating cure of $1246.42, refund check of $5, and LOE. Please provide Proof of Delivery to cure.


Buyer Comment (2019-03-01): See trailing documents
   1/XX/2019  4:16:32 PM   2 B 1/XX/2019 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 C B C A C B A A Non QM Non QM Yes
206258384           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Closing Costs Exceeds Limits Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. (Final/[Redacted]) Section J on page x disclosed a tolerance cure of [Redacted]; the Calculating Cash to Close table on page x did not disclose a tolerance cure.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  10:06:13 AM 2 B 1/XX/2019 TX Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258387           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Cure for (Second Appraisal Fee) of ([Redacted]) and (Transfer Tax) of ([Redacted]) was not provided.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  11:38:52 AM 2 B 1/XX/2019 NY Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258387           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Fee was not disclosed on Initial Loan Estimate.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.
 1/XX/2019  6:37:04 PM     1 A 1/XX/2019 NY Primary Refinance - Cash-out - Debt Consolidation 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
206258387           Compliance Compliance Federal Compliance 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 disclosed as ($[Redacted]) on (LE dated [Redacted]), but disclosed as ([Redacted]) on Final Closing Disclosure.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.
 1/XX/2019  6:37:04 PM     1 A 1/XX/2019 NY Primary Refinance - Cash-out - Debt Consolidation 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
206258387           Credit Insurance Insurance Documentation Hazard Insurance Error: Subject hazard insurance premium is missing from evidence of insurance.   Please provide hazard insurance policy reflecting premium amount. Subject to re-qualification.   Reviewer Comment (2019-03-01): Hazard insurance policy reflecting premium amount has been provided.
 1/XX/2019  9:34:20 AM     1 A 1/XX/2019 NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206258387           Credit Income / Employment Income Documentation Income Docs Missing:   Please provide updated bank statement calculator to include [Redacted] & [Redacted] bank statements in file. Current bank statement calculator is > [Redacted] days at close [Redacted] statement. Subject to re-qualification.   Reviewer Comment (2019-03-01): (Redacted) & (Redacted) bank statements provided.
 1/XX/2019  2:11:09 PM     1 A 1/XX/2019 NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206258387           Credit Guideline Guideline Issue The borrower is self-employed.  Guidelines require either a tax professional letter or regulatory agency verifying at least 2 years of self-employment along with either a phone listing and/or business address using directory assistance or internet search to be in file.   Please provide Verification of Borrower's business ownership % for XXXXXX [Redacted]. Subject to re-qualification.   Reviewer Comment (2019-03-01): CPA letter was provided with percentage of ownership and years owned.
 1/XX/2019  2:03:54 PM     1 A 1/XX/2019 NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
206258390           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months   CD disclosed 10 months of prepaid hazard insurance of $[Redacted].  $[Redacted] = 12 months escrows @ $[Redacted]   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  6:16:32 PM 2 B 12/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258390           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits   Cure for Transfer Tax Fee of [Redacted] was not provided.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  6:17:34 PM 2 B 12/XX/2018 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258390           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided   Fee disclosed as [Redacted] on initial LE, but disclosed as [Redacted] on Final Closing Disclosure.   Reviewer Comment (2019-03-01): (Redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2019-03-01): See trailing documents.


Reviewer Comment (2019-03-01): Recording fees are a ten percent tolerance fee that are not lumped with transfer taxes.  Transfer taxes of $15,012.20 on final CD exceed tolerance of $8,266.


Buyer Comment (2019-03-01): Total disclosed "Taxes and Other Gov't Fee's" on LE dated xx/xxxx = $21,551 ($8266 Transfer Tax + $13,285 Recording Fee's & Other Taxes). Total amount disclosed exceeds final amount charged on final CD $15,975.36 ($15,012.20 TT). Borrower paid a lessor amount than previously disclosed. Please clear.
   2/XX/2019  11:01:32 AM   2 B 12/XX/2018 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
206258390           Compliance Compliance Federal Compliance ECOA Appraisal - Appraisal Provided Prior to Date Performed   The file contained documentation verifying the borrower received a copy of the appraisal on [Redacted] which is prior to the revised appraisal date of [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  6:17:40 PM 2 B 12/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258390           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided 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.     Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.
 2/XX/2019  11:03:50 AM     1 A 12/XX/2018 NY Primary Purchase   C B A A C B A A Non QM Non QM Yes
206258393           Credit Assets Asset Documentation Missing Document: Asset Documentation not provided   12 month bank statements required for all three [Redacted] from account [Redacted] accounts [Redacted].   Reviewer Comment (2019-03-01): REDACTED
 1/XX/2019  10:34:22 AM     1 A 1/XX/2019 NY Second Home Refinance - Cash-out - Debt Consolidation   C B C B B B A A Non QM Non QM No
206258393           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Escrow TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] disclosed homeowner's insurance under Initial Escrow Payment at Closing that does not match amount per month calculation. (Final/[Redacted]) The final CD reflects HOI of [Redacted] under under Initial Escrow Payment at Closing that does not match amount per month calculation of [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  3:26:46 PM 2 B 1/XX/2019 NY Second Home Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
206258393           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Lender approved exception to allow LTV of [Redacted] vs program maximum of [Redacted] No public records

Borrower has been self-employed for the past 12 years as XXX XXX

Reducing mortgage payment approximately $4,000 per month

FICO of 687 > program requirement of 680

10.727% DTI < 50% guideline max

Loan proceeds are being used to refinance existing mortgage (rate and term not seasoned a year)		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  9:47:53 AM 2 B 1/XX/2019 NY Second Home Refinance - Cash-out - Debt Consolidation   C B C B B B A A Non QM Non QM No
206258393           Compliance Compliance Federal Compliance 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 1026.43(c)(5). Base rate +1.9 <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.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  3:27:06 PM 2 B 1/XX/2019 NY Second Home Refinance - Cash-out - Debt Consolidation   C B C B B B A A Non QM Non QM No
206258393           Credit Credit Miscellaneous Credit Exception:   File missing correct income documentation for XXX. Final [Redacted] reflects base income, not bank statement income. Bank statements for XXX deposits are significantly less than income used for qualifying.   Reviewer Comment (2019-03-01): Final 1003 provided removing XXX from income.
 1/XX/2019  2:19:40 PM     1 A 1/XX/2019 NY Second Home Refinance - Cash-out - Debt Consolidation   C B C B B B A A Non QM Non QM No
206258393           Credit Credit Miscellaneous Credit Exception:   Provide corrected approval and [Redacted] to match updated DTI of [Redacted] after removal of XXX.   Reviewer Comment (2019-03-01): 1008 provided.
 1/XX/2019  7:45:50 AM     1 A 1/XX/2019 NY Second Home Refinance - Cash-out - Debt Consolidation   C B C B B B A A Non QM Non QM No
206258396           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.66150% or Final Disclosure APR of 7.70100% is in excess of allowable threshold of APOR 4.85% + 1.5%, or 6.35000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     1/XX/2019  12:13:04 PM 1 A 1/XX/2019 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258396           Compliance Compliance Federal Compliance TRID Esign Consent Agreement Status ESIGN Act - Missing esign consent.  TRID disclosures provided electronically will not be used to set or rebaseline fees for tolerance purposes.  Disclosures sent electronically may result in a fee tolerance violation of up to [Redacted] and disclosure timing violations. Missing E-sign consent, all baselines [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted). Exception Cleared.
 1/XX/2019  2:01:41 PM     1 A 1/XX/2019 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258396           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) Not provided, field blank.  No cure provided for overages.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  1:11:52 PM 2 B 1/XX/2019 NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258396           Compliance Compliance Federal Compliance TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Home Loan Toolkit disclosure not provided.   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted) and multiple other documents. The receipt of the Home Loan Toolkit was not found in file. Please upload documentation indicating receipt to determine if exception can be cleared.
     1/XX/2019  3:49:58 PM 2 B 1/XX/2019 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258396           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Evidence borrower provided with service providers disclosure not provided.   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted) and multiple other documents. The receipt of SSPL was not found in file. Please upload documentation indicating receipt to determine if exception can be cleared.
     1/XX/2019  3:50:12 PM 2 B 1/XX/2019 NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
206258396           Compliance Compliance Federal Compliance TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $x,xxx.xx exceeds tolerance of $x.xx plus 10% or $x.xx.  Insufficient or no cure was provided to the borrower. (0) No cure provided for overage.  Missing E-sign consent, all baselines [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted). Exception Cleared.
 1/XX/2019  2:01:41 PM     1 A 1/XX/2019 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
206258396           Compliance Compliance Federal Compliance 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 for overage.  Missing E-sign consent, all baselines [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted). Exception Cleared.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  2:01:41 PM     1 A 1/XX/2019 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
206258396           Compliance Compliance Federal Compliance 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. No cure provided for overage.  Missing E-sign consent, all baselines [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted). Exception Cleared.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  2:01:41 PM     1 A 1/XX/2019 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
206258396           Compliance Compliance Federal Compliance 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. No cure provided for overage.  Missing E-sign consent, all baselines [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted). Exception Cleared.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  2:01:41 PM     1 A 1/XX/2019 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
206258396           Compliance Compliance Federal Compliance 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 provided for overage.  Missing E-sign consent, all baselines [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted). Exception Cleared.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  2:01:41 PM     1 A 1/XX/2019 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
206258396           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Courier / Express Mail / Messenger Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. No cure provided for overage.  Missing E-sign consent, all baselines [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted). Exception Cleared.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  2:01:41 PM     1 A 1/XX/2019 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
206258396           Compliance Compliance Federal Compliance 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. No cure provided for overage.  Missing E-sign consent, all baselines [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted). Exception Cleared.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  2:01:41 PM     1 A 1/XX/2019 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
206258396           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Document Preparation Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. No cure provided for overage.  Missing E-sign consent, all baselines [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted). Exception Cleared.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  2:01:41 PM     1 A 1/XX/2019 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
206258396           Compliance Compliance Federal Compliance 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 of [Redacted].  Insufficient or no cure was provided to the borrower. No cure provided for overage.  Missing E-sign consent, all baselines [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted). Exception Cleared.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  2:01:41 PM     1 A 1/XX/2019 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
206258396           Compliance Compliance Federal Compliance 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. No cure provided for overage.  Missing E-sign consent, all baselines [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted). Exception Cleared.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  2:01:41 PM     1 A 1/XX/2019 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
206258396           Compliance Compliance Federal Compliance 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. No cure provided for overage.  Missing E-sign consent, all baselines [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted) and multiple other documents. Fee was was paid to chosen provider. Exception Cleared.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  2:08:52 PM     1 A 1/XX/2019 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
206258396           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Market Rider.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. No cure provided for overage.  Missing E-sign consent, all baselines [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted) and multiple other documents. Fee was was paid to chosen provider. Exception Cleared.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  2:09:49 PM     1 A 1/XX/2019 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
206258396           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Patriot Search.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. No cure provided for overage.  Missing E-sign consent, all baselines [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted) and multiple other documents. Fee was was paid to chosen provider. Exception Cleared.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  2:10:31 PM     1 A 1/XX/2019 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
206258396           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Services Sales Tax.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. No cure provided for overage.  Missing E-sign consent, all baselines [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted) and multiple other documents. Fee was was paid to chosen provider. Exception Cleared.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  2:10:20 PM     1 A 1/XX/2019 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
206258396           Compliance Compliance Federal Compliance 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. No cure provided for overage.  Missing E-sign consent, all baselines [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received E Consent dated (Redacted). Exception Cleared.


Buyer Comment (2019-03-01): Please see uploaded E-consent
 1/XX/2019  2:01:41 PM     1 A 1/XX/2019 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
206258396           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  1:15:27 PM 2 B 1/XX/2019 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258399           Credit Insurance Insurance Analysis Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.       Reviewer Comment (2019-03-01): Hazard Insurance policy does not list "Lender its successors and assigns", provided.
 2/XX/2019  11:45:19 AM     1 A 1/XX/2019 CA Primary Refinance - Rate/Term   C B C B B B A A Non QM Non QM No
206258399           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage amount is [Redacted]; Loan amount is [Redacted] and Estimated Cost New is [Redacted].   Reviewer Comment (2019-03-01): RDE provided.
 1/XX/2019  9:44:48 AM     1 A 1/XX/2019 CA Primary Refinance - Rate/Term   C B C B B B A A Non QM Non QM No
206258399           Credit Loan Package Documentation Closing / Title Missing Lien(s) negatively impacting title   Per notes on [Redacted], Exception needed to allow "soft story lien" to remain open and subordinate.  Exception not provided; subordination not provided. Title schedule B item x. Borrower has been self employment for 15 years as a XXX.

Credit Score of 745, 125 points > program requirement of 620.

52.235% LTV < 85 guideline max		 Reviewer Comment (2019-03-01): Allow xxxxxxx notice on title to remain open vs program requirement that all outstanding liens/notices on title be removed/completed.
     2/XX/2019  11:49:52 AM 2 B 1/XX/2019 CA Primary Refinance - Rate/Term   C B C B B B A A Non QM Non QM No
206258399           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.       Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  9:33:29 AM 2 B 1/XX/2019 CA Primary Refinance - Rate/Term   C B C B B B A A Non QM Non QM No
206258399           Compliance Compliance Federal Compliance TRID Alternate Table Usage   The LE issued on [Redacted] did not use the same tables as the initial LE and the CDs.  It did not disclose the Cash To/From boxes on page x and it used the With Seller Calculating Cash to Close table.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  9:33:48 AM 2 B 1/XX/2019 CA Primary Refinance - Rate/Term Good Faith Redisclosure C B C B B B A A Non QM Non QM Yes
206258399           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Property Value   The final CD disclosed the Appraised Value as [Redacted]; the Appraisal disclosed [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  9:33:58 AM 2 B 1/XX/2019 CA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
206258403           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. ([Redacted]) Final CD reflects a closing date of [Redacted] yet date of consummation is [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  11:51:52 AM 2 B 1/XX/2019 CA Second Home Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM Yes
206258403           Credit Guideline Guideline Issue Guideline Requirement: Documented income duration  did not support the minimum guideline required duration.   [Redacted] W2 income used to qualify vs. current pay stub documenting borrower's base salary.  Approved Lender Exception in file. Non-mtg credit no late payments in the past 56 months (since 5/2014) and no public records. Perfect mortgage history with never a late spanning multiple accounts with earliest inception date of 4/2005.

2.12543% DTI on this Full documentation loan < 50% guideline max - 47.87457% below program guideline maximum

Borrower has been employed as XXX for 13 years

531 months reserves > 6 months guideline minimum

Credit score 769, 49 points greater than 720 minimum required.

60% LTV < 80% guideline max		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  11:10:40 AM 2 B 1/XX/2019 CA Second Home Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206258403           Compliance Compliance Federal Compliance 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 1026.43(c)(5). Lender Guidelines require that the qualifying rate is the Note Rate + [Redacted] on a [Redacted] Year Interest Only x Year ARM.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  11:52:08 AM 2 B 1/XX/2019 CA Second Home Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
206258405           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.31720% or Final Disclosure APR of 6.33700% is in excess of allowable threshold of APOR 4.77% + 1.5%, or 6.27000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     1/XX/2019  10:52:04 AM 1 A 1/XX/2019 NY Primary Purchase   C B C A B B A A Non QM Non QM No
206258405           Credit Missing Document General Incomplete Document: Closing Disclosure is incomplete   Loan Estimate doc [Redacted] is missing page x printed on [Redacted] and e-signed on [Redacted].   Reviewer Comment (2019-03-01): Complete Loan Estimate provided.
 1/XX/2019  8:33:33 AM     1 A 1/XX/2019 NY Primary Purchase   C B C A B B A A Non QM Non QM No
206258405           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx% + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  12:27:11 PM 2 B 1/XX/2019 NY Primary Purchase   C B C A B B A A Non QM Non QM No
206258405           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Not at time of application however within x days.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  12:27:27 PM 2 B 1/XX/2019 NY Primary Purchase   C B C A B B A A Non QM Non QM No
206258408           Compliance Compliance Federal Compliance 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. Missing evidence borrower was provided a copy of the List of Homeownership Counseling Organizations.   Reviewer Comment (2019-03-01): Homeownership Counseling List  provided
 1/XX/2019  7:51:08 AM     1 A 1/XX/2019 NY Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
206258408           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure x/xx/xxxx 12:00:00 AM was received. (Interim/[Redacted]) Revised LE dated [Redacted] was not acknowledged as being received by the borrower prior to the initial CD dated [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.
 1/XX/2019  5:55:14 PM     1 A 1/XX/2019 NY Primary Refinance - Cash-out - Other No Defined Cure C B A A C B A A Non QM Non QM No
206258408           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. (Final/[Redacted]) The Finance Charge was under disclosed [Redacted]. There is not an itemization in file,however appears the under disclosure was caused by the Title - ACRIS fee of the same value.   Reviewer Comment (2019-03-01): Upon further review, the exception is cleared.
 1/XX/2019  6:01:09 PM     1 A 1/XX/2019 NY 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 A C B A A Non QM Non QM Yes
206258408           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[Redacted]) The final CD is blank in the section by which total closing costs exceeds the legal limit.  Cure required is [Redacted]. No cure provided.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  1:28:20 PM 2 B 1/XX/2019 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
206258408           Compliance Compliance Federal Compliance 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 Fee increased from $[Redacted] without a valid change circumstance. No cure was provided. Tolerance exceeded.   Reviewer Comment (2019-03-01): Upon further review, the exception is cleared.


Buyer Comment (2019-03-01): The $250 ACRIS fee is a Doc Prep fee and not a finance charge.

The Mortgage Tax was increased to $28267.50 on 1/10 with a COC indicating an increase in loan amount. See attached.
 1/XX/2019  6:01:09 PM     1 A 1/XX/2019 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
206258411           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.   A post dated disaster inspection report was not provided in file.   Reviewer Comment (2019-03-01): Post Disaster Inspection (PDI) provided
 02/04/2019     1 A 1/XX/2019 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
206258411           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. The qualifying DTI at time of origination exceeded the program maximum allowable of [Redacted], however, the Lender granted an exception and counter offer to a max DTI of [Redacted].x%. The Lender loan approval discloses an approved DTI of [Redacted], however, the [Redacted] discloses a DTI of [Redacted]. Approval DTI of [Redacted] does not include the revolving payment of [Redacted] for the one debt that was not paid off at closing.  Review DTI matches that disclosed on the [Redacted]. Overall monthly payment reduction of approximately $1400.

Borrower has 1 open mortgage reporting paid as agreed since inception dated 8/2017.

Borrower has been self employed as XXX XXX. for the past 20 years.

Reserves are 27.52 months; 24.52 months > program requirement of 3 months.

Credit score is 646; 26 points> program requirement of 620.

LTV is 50.303%; 24.697%< maximum program of 75%.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     1/XX/2019  9:52:42 AM 2 B 1/XX/2019 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
206258411           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant       Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     1/XX/2019  9:54:49 AM 1 A 1/XX/2019 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
206258411           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold)       Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     1/XX/2019  9:57:07 AM 1 A 1/XX/2019 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
206258411           Compliance Compliance Federal Compliance Check Loan Designation Match - ATR Risk   Due to DTI > [Redacted]   Reviewer Comment (2019-03-01): Non QM loan, DTI exception regraded based on compensated factors
 2/XX/2019  11:37:45 AM     1 A 1/XX/2019 CA Primary Refinance - Cash-out - Debt Consolidation Lender to provide updated ATR/QM Loan Designation C B C B C B A A Non QM Non QM Yes
206258411           Compliance Compliance Federal Compliance General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines   The qualifying DTI at time of origination exceeded the program maximum allowable of [Redacted], however, the Lender granted an exception and counter offer to a max DTI of [Redacted].x%. The Lender loan approval discloses an approved DTI of [Redacted], however, the [Redacted] discloses a DTI of [Redacted]. Approval DTI of [Redacted] does not include the revolving payment of [Redacted] for the one debt that was not paid off at closing.  Review DTI matches that disclosed on the [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): Exception regraded, see comment below.


Reviewer Comment (2019-03-01): Regraded to EV2-B based on lenders compensating factors identified by the lender prior to closing.  Consumer has more than 24 months reserves in excess of the guideline requirement and   Payment reduction close to $1,400 per month
     2/XX/2019  1:12:40 PM 2 B 1/XX/2019 CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
206258414           Credit Credit Miscellaneous Credit Exception:   Appraisal indicates no sales of subject in past 36 months. Title report indicates subject re-purchased by Borrower in  [Redacted].  The file includes a Lender acknowledged exception to allow 2 months ownership vs. program requirement that Borrower must be XXX subject property throughout 3 month period preceding the date of the loan.  (Note: Borrower purchased property in  [Redacted], deeded the property to  [Redacted], and remained the occupant as primary residence.   [Redacted] deeded subject property back to Borrower on  [Redacted]. Current mortgage is an ARM and due to adjust 12/2018

No public records and no derogatory credit

Borrower is XXX XXX. for the past 7 years

Credit score is 636, 16 points > program requirement of 620

LTV is 47.611% , 17.389% < maximum per program of 65%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this requirement based on validated compensating factors.
     1/XX/2019  8:46:53 AM 2 B 1/XX/2019 NY Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206258414           Compliance Compliance Federal Compliance TRID non-compliant:  There is a partially completed TRID disclosure in file, which is insufficient to complete testing.   Final CD missing page x   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.
 2/XX/2019  10:05:46 AM     1 A 1/XX/2019 NY Primary Refinance - Rate/Term Letter of Explanation & Corrected Disclosure C B C B C B A A Non QM Non QM Yes
206258414           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant       Reviewer Comment (2019-03-01): (Redacted) Mortgage purchases HPML compliant loans.
     1/XX/2019  9:03:49 AM 1 A 1/XX/2019 NY Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206258414           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Amount Financed   Page x of final  CD is missing from file. Unable to input values causing exceptions.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.


Buyer Comment (2019-03-01): Please see uploaded CD
 2/XX/2019  10:05:02 AM     1 A 1/XX/2019 NY Primary Refinance - Rate/Term TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
206258414           Compliance Compliance Federal Compliance TRID Final Closing Disclosure APR   Page x of final  CD is missing from file. Unable to input values causing exceptions.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.


Buyer Comment (2019-03-01): Please see uploaded CD
 2/XX/2019  10:05:02 AM     1 A 1/XX/2019 NY Primary Refinance - Rate/Term 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 B C B A A Non QM Non QM Yes
206258414           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Contact Information - Lender   Page x of final  CD is missing from file. Unable to input values causing exceptions.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.


Buyer Comment (2019-03-01): Please see uploaded CD
 2/XX/2019  10:05:02 AM     1 A 1/XX/2019 NY Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258414           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Contract Details Missing   Page x of final  CD is missing from file. Unable to input values causing exceptions.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.


Buyer Comment (2019-03-01): Please see uploaded CD
 2/XX/2019  10:18:10 AM     1 A 1/XX/2019 NY Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258414           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Finance Charge   Page x of final  CD is missing from file. Unable to input values causing exceptions.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.


Buyer Comment (2019-03-01): Please see uploaded CD
 2/XX/2019  10:17:46 AM     1 A 1/XX/2019 NY 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 B C B A A Non QM Non QM Yes
206258414           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Liability After Foreclosure Missing   Page x of final  CD is missing from file. Unable to input values causing exceptions.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.


Buyer Comment (2019-03-01): Please see uploaded CD
 2/XX/2019  10:17:25 AM     1 A 1/XX/2019 NY Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258414           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Loan Acceptance or Confirm Receipt Missing   Page x of final  CD is missing from file. Unable to input values causing exceptions.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.


Buyer Comment (2019-03-01): Please see uploaded CD
 2/XX/2019  10:05:02 AM     1 A 1/XX/2019 NY Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258414           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Partial Payments   Page x of final  CD is missing from file. Unable to input values causing exceptions.   Reviewer Comment (2019-03-01): Letter of Explanation & Corrected Closing Disclosure provided


Reviewer Comment (2019-03-01): The complete final CD, uploaded on (Redacted), was missing this check box.  Unable to address this exception at this time.


Buyer Comment (2019-03-01): Please see uploaded CD
   2/XX/2019  10:12:07 AM   2 B 1/XX/2019 NY Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258414           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Refinance Missing   Page x of final  CD is missing from file. Unable to input values causing exceptions.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.


Buyer Comment (2019-03-01): Please see uploaded CD
 2/XX/2019  10:07:01 AM     1 A 1/XX/2019 NY Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258414           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Tax Deductions Missing   Page x of final  CD is missing from file. Unable to input values causing exceptions.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.


Buyer Comment (2019-03-01): Please see uploaded CD
 2/XX/2019  10:07:19 AM     1 A 1/XX/2019 NY Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258414           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Interest Percentage   Page x of final  CD is missing from file. Unable to input values causing exceptions.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.


Buyer Comment (2019-03-01): Please see uploaded CD
 2/XX/2019  10:05:02 AM     1 A 1/XX/2019 NY Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258414           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Of Payments   Page x of final  CD is missing from file. Unable to input values causing exceptions.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.


Buyer Comment (2019-03-01): Please see uploaded CD
 2/XX/2019  10:05:02 AM     1 A 1/XX/2019 NY Primary Refinance - Rate/Term 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 B C B A A Non QM Non QM Yes
206258414           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits   Final CD is blank for the amount in which the total closing costs exceeded the legal limit.   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     1/XX/2019  4:44:14 PM 2 B 1/XX/2019 NY Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
206258414           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided   Pick-up at closing fee increased $[Redacted] without a valid change circumstance. Tolerance exceeded. No cure provided.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.
 2/XX/2019  10:15:51 AM     1 A 1/XX/2019 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 B C B A A Non QM Non QM Yes
206258414           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided   Title - Services Sales Tax fee increased [Redacted] without a valid change circumstance. Tolerance exceeded. No cure provided.   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.
 2/XX/2019  10:15:51 AM     1 A 1/XX/2019 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 B C B A A Non QM Non QM Yes
206258414           Compliance Compliance Federal Compliance TRID Settlement Service Provider Status   SSPL is missing from file   Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.
 2/XX/2019  10:15:51 AM     1 A 1/XX/2019 NY Primary Refinance - Rate/Term No Defined Cure C B C B C B A A Non QM Non QM No
206258414           Compliance Compliance Federal Compliance TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date       Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.


Buyer Comment (2019-03-01): NORTC reflects the xxxx actual date is xxxx. but disbursed funds on the 24th which is correct, Can you clear as is?
 2/XX/2019  10:05:02 AM     1 A 1/XX/2019 NY 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 B C B A A Non QM Non QM Yes
206258414           Compliance Compliance Federal Compliance TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date       Reviewer Comment (2019-03-01): (Redacted) received required documents, exception is cleared.


Buyer Comment (2019-03-01): NORTC reflects the xxxx actual date is xxxx. but disbursed funds on the 24th which is correct, Can you clear as is?
 2/XX/2019  10:05:02 AM     1 A 1/XX/2019 NY 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 B C B A A Non QM Non QM Yes
206258414           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application)   The document did not reflect a date provided but was signed on [Redacted].   Reviewer Comment (2019-03-01): Corrected provided date.


Buyer Comment (2019-03-01): Per Lender, the LO got the form signed in person by the borrower
 2/XX/2019  11:21:59 AM     1 A 1/XX/2019 NY Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206258414           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Non-Compliant       Reviewer Comment (2019-03-01): Corrected provided date.
 2/XX/2019  11:21:59 AM     1 A 1/XX/2019 NY Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206258414           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of x.xxxxx% or Final Disclosure APR of x.xxxxx% is in excess of allowable threshold of Prime Mortgage Market Rate x.xxxxx + 1.75%, or x.xxxxx%.  Compliant SubPrime Loan.     Buyer Comment (2019-03-01): (Redacted) has elected to waive
     2/XX/2019  9:51:04 AM 2 B 1/XX/2019 NY Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206258414           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. .   Buyer Comment (2019-03-01): (Redacted) has elected to waive
     2/XX/2019  9:51:14 AM 2 B 1/XX/2019 NY Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
206258417           Compliance Compliance Federal Compliance 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. (Type:Primary/[Redacted])     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  3:45:24 PM 2 B 1/XX/2019 CA Primary Refinance - Rate/Term   C B C B B B A A Non QM Non QM No
206258417           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     1/XX/2019  3:45:38 PM 2 B 1/XX/2019 CA Primary Refinance - Rate/Term   C B C B B B A A Non QM Non QM No
206258417           Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Lender approved exception for LTV exceeding maximum. Borrower is self-employed for 9 years with over 20 years of experience in Advertising and Media.

Paying off a private first with a housing payment reduction of over $6,500 per month.

No late payments on credit report since inception with earliest open date of 1/2006.

Reserves of 34 months are 22 months greater than the program requirement of 12 months.

DTI of 18.007% is 31.993% below program maximum of 50%.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this requirement based on validated compensating factors.
     1/XX/2019  12:01:29 PM 2 B 1/XX/2019 CA Primary Refinance - Rate/Term   C B C B B B A A Non QM Non QM No
206258420           Credit Loan Package Documentation Application / Processing Missing Document: Approval not provided       Reviewer Comment (2019-03-01): Approval provided


Buyer Comment (2019-03-01): See trailing document
 1/XX/2019  3:27:52 PM     1 A 1/XX/2019 NY Primary Purchase   C B C B A A A A Non QM Non QM No
206258420           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Borrower's own funds discrepancy. Calculated borrower's own funds of ___ is less than Guideline required borrower's own funds of ___. Down payment was made using the borrower's business account vs program requirement that business funds be transferred to the borrower's personal account.  An approved lender exception was provided in the file. CPA letter confirms the use of business funds will not have a negative impact.

Borrower has been self-employed for the past 5 years as XXX of XXX.

Credit score of 782 is 102 points above the program requirement of 680.

DTI of 33.702% is 16.2985% below the program maximum of 50%.

LTV of 85% is 5% below the program maximum of 90%.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this requirement based on validated compensating factors.
     1/XX/2019  12:22:29 PM 2 B 1/XX/2019 NY Primary Purchase   C B C B A A A A Non QM Non QM No
206258423           Credit Insurance Insurance Analysis Insufficient Coverage: Hazard insurance coverage amount is insufficient.   $[Redacted] shortfall.   Reviewer Comment (2019-03-01): RCE  provided.


Buyer Comment (2019-03-01): Uploaded For Your Review: RCE showing $954000 RCE  x 80% =$763,200 HOI required.
 02/04/2019     1 A 1/XX/2019 TX Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206258423           Compliance Compliance State Compliance (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender)       Reviewer Comment (2019-03-01): Texas Cash-out Fair Market Acknowledgment Signed By Lender provided.


Buyer Comment (2019-03-01): Uploaded For Review: Texas FMV
 02/04/2019     1 A 1/XX/2019 TX Primary Refinance - Cash-out - Other To Remediate: Lender must either sign the AFMV.  Best practices would be to deliver to the borrower the required disclosure signed by the lender 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
206258423           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months   Final Closing Disclosure provided on [Redacted] did not disclose number of months for homeowner's insurance under Prepaids.   Buyer Comment (2019-03-01): (Redacted) Mortgage as elected to waive this exception.
     02/04/2019 2 B 1/XX/2019 TX Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258423           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing   Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[Redacted] vs. [Redacted] Closing Date).   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking for the (Redacted) LE and (Redacted) CD indicating they were received the same day. Exception Cleared.


Buyer Comment (2019-03-01): Uploaded For Review: Disclosure Tracking
 02/04/2019     1 A 1/XX/2019 TX Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206258423           Compliance Compliance Federal Compliance TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. Evidence of earlier receipt missing from file, initial CD not signed by borrower.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking for the (Redacted) LE and (Redacted) CD indicating they were received the same day. Exception Cleared.


Buyer Comment (2019-03-01): Uploaded For Your Review: Disclosure Tracking
 02/04/2019     1 A 1/XX/2019 TX Primary Refinance - Cash-out - Other No Defined Cure C B C A C B A A Non QM Non QM No
206258423           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Prepaid Property Tax Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] did not disclose number of months for Property Tax under Prepaids. Final Closing Disclosure provided on [Redacted] did not disclose number of months for RE taxes under Prepaids.   Buyer Comment (2019-03-01): (Redacted) Mortgage has elected to waive this exception
     02/04/2019 2 B 1/XX/2019 TX Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258423           Credit Income / Employment Income Documentation Income Docs Missing: Borrower: [Redacted] Missing May [Redacted] statement for personal [Redacted] used for income analysis.   Reviewer Comment (2019-03-01): (Redacted) statement provided.
 02/04/2019     1 A 1/XX/2019 TX Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
206258423           Compliance Compliance State Compliance (TX50(a)(6)) Texas Cash-out Loan  (TX Home Equity Disclosure/Notice Concerning Extensions of Credit Not Provided) Texas Constitution Section 50(a)(6): Revised Notice Concerning Extensions of Credit not provided on TX Home Equity Loan made on or after 1/XX/18. Please provide the signed TX Cash-out Extension of Credit Disclosure [Redacted]; subject loan was made on or after [Redacted].   Reviewer Comment (2019-03-01): Texas Cash-out Extension of Credit provided.


Buyer Comment (2019-03-01): Uploaded For Your Review: Extension of Credit Disclosure
 02/04/2019     1 A 1/XX/2019 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
206258423           Compliance Compliance State Compliance (TX50(a)(6)) Texas Cash-out Loan  (Loan closed prior to expiration of 12-day cooling off period) Texas Constitution Section 50(a)(6):  Loan closed prior to expiration of 12-day cooling off period.     Reviewer Comment (2019-03-01): Initial TX Home Equity Disclosure/Notice Concerning Extensions of Credit disclosure provided.


Buyer Comment (2019-03-01): Uploaded For Your Review: 12 day Notice. See that borrower dated (Redacted).


Reviewer Comment (2019-03-01): Unable to locate TX Home Equity Disclosure/Notice Concerning Extensions of Credit dated (Redacted). Please upload for review.


Buyer Comment (2019-03-01): Please escalate: Disclosure and application are both dated (Redacted) with a closing date of (Redacted).
 2/XX/2019  10:55:09 AM     1 A 1/XX/2019 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
206258426           Compliance Compliance State Compliance New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant   Loan is a compliant NY Subprime Home Loan. No prohibited practice exceptions exist.   Buyer Comment (2019-03-01): (Redacted) has elected to waive


Reviewer Comment (2019-03-01): Threshold exception has been downgraded to an EV2 .


Reviewer Comment (2019-03-01): Page 1 of LE signed (Redacted) is missing from trailing docs.


Reviewer Comment (2019-03-01): Provide additional information when loan became Subprime.


Buyer Comment (2019-03-01): Please see uploaded initial 1003
     2/XX/2019  12:25:01 PM 2 B 1/XX/2019 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258426           Compliance Compliance Federal Compliance TILA NMLSR - Originator Company Not Licensed at time of Application   UTD creditor application date.   Reviewer Comment (2019-03-01): (Redacted) used for application date.


Buyer Comment (2019-03-01): Brokered loan
 2/XX/2019  9:02:15 AM     1 A 1/XX/2019 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258426           Compliance Compliance Federal Compliance Federal Loan Originator Compensation - Individual LO Not NMLS Licensed at Time of Application   UTD creditor application date.   Reviewer Comment (2019-03-01): (Redacted) used for application date.


Buyer Comment (2019-03-01): Please see uploaded initial 1003
 2/XX/2019  9:02:15 AM     1 A 1/XX/2019 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258426           Compliance Compliance Federal Compliance TILA NMLSR - Individual Originator License Status Not Approved   UTD creditor application date.   Reviewer Comment (2019-03-01): (Redacted) used for application date.


Buyer Comment (2019-03-01): Please see uploaded initial 1003
 2/XX/2019  9:02:15 AM     1 A 1/XX/2019 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258426           Compliance Compliance Federal Compliance TILA NMLSR - Originator Company License Status Not Approved   UTD creditor application date.   Reviewer Comment (2019-03-01): (Redacted) used for application date.


Buyer Comment (2019-03-01): Please see uploaded initial 1003
 2/XX/2019  9:02:15 AM     1 A 1/XX/2019 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258426           Compliance Compliance Federal Compliance RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application   UTD creditor application date.   Reviewer Comment (2019-03-01): (Redacted) used for application date.


Buyer Comment (2019-03-01): Please see uploaded initial 1003
 2/XX/2019  9:02:15 AM     1 A 1/XX/2019 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258426           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application)   UTD creditor application date.   Reviewer Comment (2019-03-01): (Redacted) used for application date.


Buyer Comment (2019-03-01): Please see uploaded initial 1003
 2/XX/2019  9:02:15 AM     1 A 1/XX/2019 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258426           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days)   UTD creditor application date.   Reviewer Comment (2019-03-01): (Redacted) used for application date.


Buyer Comment (2019-03-01): Please see uploaded initial 1003
 2/XX/2019  9:02:15 AM     1 A 1/XX/2019 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258426           Compliance Compliance State Compliance (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) New York Subprime Loan: Counseling Disclosure not provided to borrower within three days of application. .   Reviewer Comment (2019-03-01): NY Subprime Counseling disclosure provided within three days of loan becoming a subprime loan.


Reviewer Comment (2019-03-01): Page 1 of LE signed (Redacted) is missing from trailing docs.


Reviewer Comment (2019-03-01): Provide additional information when loan became Subprime.


Reviewer Comment (2019-03-01): Application date from (Redacted) is (Redacted), the disclosure provided is dated (Redacted).  Provide other evidence of an earlier disclosure.


Buyer Comment (2019-03-01): Please clear, Per email, (Redacted) was used as application date
 2/XX/2019  11:19:22 AM     1 A 1/XX/2019 NY Primary Purchase   C B A A C B A A Non QM Non QM No
206258429           Credit Property - Appraisal Appraisal Documentation Missing Document: Appraisal not provided   Missing copy of appraisal report.   Reviewer Comment (2019-03-01): Appraisal provided


Buyer Comment (2019-03-01): Appraisal uploaded for review.
 2/XX/2019  2:43:29 PM     1 A 1/XX/2019 FL Primary Purchase   D B D A B B C A Non QM Non QM No
206258429           Credit Loan Package Documentation Application / Processing FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.   Missing origination appraisal to confirm subject was not effected by FEMA Disaster that ended [Redacted].   Reviewer Comment (2019-03-01): Appraisal provided


Buyer Comment (2019-03-01): Appraisal uploaded for review.
 2/XX/2019  2:43:50 PM     1 A 1/XX/2019 FL Primary Purchase   D B D A B B C A Non QM Non QM No
206258429           Property Appraisal Reconciliation Value Discrepancy Loan is to go in a securitization and reflects only one valuation product when two are required.   Missing origination appraisal, only Collateral Desktop Analysis in file.   Reviewer Comment (2019-03-01): Appraisal provided


Buyer Comment (2019-03-01): Appraisal uploaded for review.
 2/XX/2019  2:43:40 PM     1 A 1/XX/2019 FL Primary Purchase   D B D A B B C A Non QM Non QM No
206258429           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing evidence borrower was provided a copy of the LO Compensation Disclosure at time of application.   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     02/04/2019 2 B 1/XX/2019 FL Primary Purchase   D B D A B B C A Non QM Non QM No
206258432           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): waive
     2/XX/2019  10:54:36 AM 2 B 1/XX/2019 MD Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
206258432           Compliance Compliance State Compliance Maryland Mortgage Lending Regulations (Tangible Net Benefit Worksheet Not Signed) Maryland Mortgage Lending Regulations:  Net Tangible Benefit Worksheet not signed by borrower.     Buyer Comment (2019-03-01): waive
     2/XX/2019  10:54:44 AM 2 B 1/XX/2019 MD Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
206258432           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Total Closing Costs Exceeds Limits Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. Page x, Section J of the final CD disclosed a tolerance cure of [Redacted] which was not disclosed in the Calculating Cash to Close table on page x.   Buyer Comment (2019-03-01): waive
     2/XX/2019  10:54:50 AM 2 B 1/XX/2019 MD Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258432           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. Not provided, field not shown on pg. x of CD.   Buyer Comment (2019-03-01): waive
     2/XX/2019  10:54:56 AM 2 B 1/XX/2019 MD Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
206258432           Compliance Compliance Federal Compliance 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 decreased the Lender Credit without a valid change of circumstance.   Reviewer Comment (2019-03-01): change of circumstance - loan amount decreased.


Buyer Comment (2019-03-01): Uploaded COC which reflects change in loan amount. The lender credit was .020% and did not change but the loan amount change effected the lender credit amount.
 2/XX/2019  10:57:36 AM     1 A 1/XX/2019 MD 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
206258432           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Borrower is short SPJ8 required reserves.  6 mos. for loan amount plus 2 for financed investment prop, 8 months required.   Reviewer Comment (2019-03-01): Agree with lender. Clarity calculating reserves incorrectly.


Buyer Comment (2019-03-01): There are still over $82,000 in assets so if the required reserves are ($11,779.30 x 6 months) + $4203.32 (xxxxxxx) = $74,879.12. Assets are sufficient to meet reserve requirement


Reviewer Comment (2019-03-01): PITIA for xxxx is mtg pmnt of $1774.33 + HOA of $327.33 = $2101.66 X 2 = $ 4203.32. Based on documentation in file.


Buyer Comment (2019-03-01): Reserves are sufficient. (Subject PITI $11,779.30 x 6 months = $70,675.80) + (PITI on property xxxxxx Rd $1174.33 x 2 months = $2,348.66) = $73,024.46 reserves required. Borr has over $82K. The 2 additional months of reserves required for the additional investment property is calculated based on the PITI of the investment property and not our subject property PITI.
 2/XX/2019  1:51:36 PM     1 A 1/XX/2019 MD Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
206258435           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.32320% or Final Disclosure APR of 8.33100% is in excess of allowable threshold of APOR 4.48% + 1.5%, or 5.98000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     2/XX/2019  12:36:15 PM 1 A 1/XX/2019 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258435           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     2/XX/2019  2:19:30 PM 2 B 1/XX/2019 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258435           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [Redacted] received on or after the date the Closing Disclosure x/xx/xxxx 12:00:00 AM was received. Evidence of earlier receipt missing from file, final LE not signed by borrower, initial CD e-signed [Redacted].   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the (Redacted) LE was received (Redacted). Exception Cleared.


Buyer Comment (2019-03-01): Please see attached LE Timing
 2/XX/2019  1:19:08 PM     1 A 1/XX/2019 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258435           Compliance Compliance Federal Compliance TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. Evidence of earlier receipt missing from file, final LE not signed by borrower.   Reviewer Comment (2019-03-01): (Redacted) received Disclosure Tracking indicating the (Redacted) LE was received (Redacted). Exception Cleared.


Buyer Comment (2019-03-01): See attached LE Timing
 2/XX/2019  1:19:08 PM     1 A 1/XX/2019 FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
206258435           Credit Credit Miscellaneous Credit Exception:   Approved lender exception doc 0010 to allow use of 9 months business bank statements to calculate income vs. program requirement of 12 months. No public records, no derogatory credit.

Borrower is XXX business last two years, in same line of work 15 years.

13.40% DTI vs. program max of 50%.

17.11 months reserves vs. program requirements of 3 months.

686 FICO vs. program min of 680.

85% LTV vs. program max of 90%.		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     2/XX/2019  12:42:24 PM 2 B 1/XX/2019 FL Primary Purchase   C B C B C B A A Non QM Non QM No
206258438           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.     Reviewer Comment (2019-03-01): Anti-Steering Disclosure provided


Buyer Comment (2019-03-01): Broker Fee
 2/XX/2019  9:31:22 AM     1 A 1/XX/2019 FL Second Home Purchase   C B A A C B A A Non QM Non QM No
206258438           Compliance Compliance Federal Compliance 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  [Redacted] appraisal report date  [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     2/XX/2019  3:04:35 PM 2 B 1/XX/2019 FL Second Home Purchase   C B A A C B A A Non QM Non QM No
206258438           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Reviewer Comment (2019-03-01): Loan Originator Compensation disclosure provided


Buyer Comment (2019-03-01): Broker Fee
 2/XX/2019  9:31:22 AM     1 A 1/XX/2019 FL Second Home Purchase   C B A A C B A A Non QM Non QM No
206258438           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) Page x of the final CD disclosed a monthly non-escrowed amount of [Redacted] (HOA) ; page x disclosed [Redacted]. However HOA dues on appraisal are [Redacted]   Reviewer Comment (2019-03-01): (Redacted) received an attestation for the flood insurance policy managed by the HOA is included in the non-escrow property costs at $144.00 per month.


Buyer Comment (2019-03-01): Flood Ins of $144 is included
 2/XX/2019  5:53:13 PM     1 A 1/XX/2019 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258438           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. The final CD disclosed the closing date as [Redacted]; documents were signed on [Redacted].   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     2/XX/2019  3:32:22 PM 2 B 1/XX/2019 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258438           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [Redacted] did not disclose number of months for homeowner's insurance under Prepaids. CD is blank for the number of months escrowed for Homeowner's insurance   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception
     2/XX/2019  3:33:27 PM 2 B 1/XX/2019 FL Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258441           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     2/XX/2019  7:19:37 PM 2 B 1/XX/2019 FL Investment Refinance - Cash-out - Other   B B A B B B A A N/A N/A No
206258441           Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Requirement: Minimum Loan Amount discrepancy. Note loan amount of ___ is less than Guideline minimum loan amount of ___. Lender approved No public records.

Borrower is XXX XXX for the past 11 years

DTI is 41.74833%, 8.25167% < program maximum of 50%

Reserves are 75.26 months, 66.26 months > program requirement of 9 months

Credit Score is 634, 14 points > program requirement of 620.

LTV is 45.455%, 4.545% < program maximum of 50%		 Reviewer Comment (2019-03-01): (Redacted) has elected to waive this exception based on compensating factors.
     2/XX/2019  12:01:50 PM 2 B 1/XX/2019 FL Investment Refinance - Cash-out - Other   B B A B B B A A N/A N/A No
206258444           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     2/XX/2019  7:23:47 PM 2 B 1/XX/2019 NJ Primary Refinance - Cash-out - Debt Consolidation   B B A A B B A A Non QM Non QM No
206258447           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.01460% or Final Disclosure APR of 8.02000% is in excess of allowable threshold of APOR 4.77% + 2.5%, or 7.27000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     2/XX/2019  2:22:42 PM 1 A 1/XX/2019 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206258447           Compliance Compliance State Compliance (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) California Higher-Priced Loan: APR on subject loan of 8.01460% or Final Disclosure APR of 8.02000% is in excess of allowable threshold of APOR 4.77% + 2.5%, or 7.27000%.  Compliant Higher Priced Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     2/XX/2019  2:23:01 PM 1 A 1/XX/2019 CA Primary Purchase   C B A A C B A A Non QM Non QM No
206258447           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Cure of $[Redacted] was provided on the final CD to cure both the Second Appraisal Fee of $[Redacted] and Reinspection Fee of $[Redacted]. (exception remains open due to insufficient to cure all opens tolerance exceptions)   Reviewer Comment (2019-03-01): Cure of $675 at closing provided


Buyer Comment (2019-03-01): Already cured on final CD
 2/XX/2019  2:09:17 PM     1 A 1/XX/2019 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
206258447           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Reinspection Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Insufficient or no cure was provided to the borrower. Cure of $[Redacted] was provided on the final CD to cure both the Second Appraisal Fee of $[Redacted] and Reinspection Fee of $[Redacted]. (exception remains open due to insufficient to cure all opens tolerance exceptions)   Reviewer Comment (2019-03-01): Cure of $675 at closing provided


Buyer Comment (2019-03-01): Already cured on final CD
 2/XX/2019  2:09:17 PM     1 A 1/XX/2019 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
206258447           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Closing Date that did not match the actual date of consummation. The final Closing Disclosure reflects a Closing Date of [Redacted], but the transaction consummation (mortgage notary) date was [Redacted].   Buyer Comment (2019-03-01): waive
     2/XX/2019  1:05:38 PM 2 B 1/XX/2019 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258447           Compliance Compliance Federal Compliance TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. Cure for lender credit not provided   Buyer Comment (2019-03-01): waive
     2/XX/2019  1:05:28 PM 2 B 1/XX/2019 CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
206258447           Compliance Compliance Federal Compliance 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]. Fee disclosed as $-[Redacted][Redacted] on LE dated [Redacted], but disclosed as $-[Redacted][Redacted] on Final Closing Disclosure. Lender credit fee was disclosed as $-[Redacted][Redacted] on LE dated [Redacted], but the file does not have a valid change of circumstance.   Reviewer Comment (2019-03-01): Change of circumstance - re lock, lock extended
 2/XX/2019  2:09:17 PM     1 A 1/XX/2019 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
206258447           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero 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. Cure of $[Redacted] at closing provided       2/XX/2019  2:09:17 PM   1 A 1/XX/2019 CA Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
206258447           Compliance Compliance Federal Compliance 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. Cure of $[Redacted] at closing provided       2/XX/2019  2:09:17 PM   1 A 1/XX/2019 CA Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
206258450           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     2/XX/2019  5:36:19 PM 2 B 1/XX/2019 CA Primary Purchase   B B A A B B A A Non QM Non QM No
206258450           Compliance Compliance Federal Compliance TRID Closing Disclosure Lump Sum Allocation Lump sum lender/seller credit disclosed on Closing Disclosure applied to offset non-finance charges first, then finance charges pursuant to client's election as permitted under SFIG RMBS 3.0 TRID Compliance Review Scope Version 2.0 (updated October 2018).  Anti-predatory lending points and fees testing are not impacted. Final disclosure reflects [Redacted] lump sum payments paid by the seller for "Coordination Fees"   Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     2/XX/2019  5:36:25 PM 2 B 1/XX/2019 CA Primary Purchase   B B A A B B A A Non QM Non QM No
206258450           Compliance Compliance Federal Compliance TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero 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.         2/XX/2019  11:31:42 AM   1 A 1/XX/2019 CA Primary Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
206258453           Compliance Compliance Federal Compliance Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.59610% or Final Disclosure APR of 7.64100% is in excess of allowable threshold of APOR 4.48% + 1.5%, or 5.98000%.  Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-01): (Redacted) mortgage purchases HPML compliant loans.
     2/XX/2019  11:57:30 AM 1 A 2/XX/2019 LA Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
206258453           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.     Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
     2/XX/2019  6:10:41 PM 2 B 2/XX/2019 LA Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
206258453           Compliance Compliance Federal Compliance TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. Finance charges under disclosed by -[Redacted] due to the Title - Electronic delivery fee [Redacted] and Title - Release tracking fee [Redacted] were not included.   Reviewer Comment (2019-03-01): Upon further review, the exception is cleared.


Reviewer Comment (2019-03-01): (Redacted) received PCCD dated (Redacted), Copy of Refund check in the amount of $155, Letter of Explanation and Proof of Delivery.  Right to Cancel must be reopened and expired prior to curing.  New rescission form and proof of delivery is needed to cure.


Buyer Comment (2019-03-01): PCCD uploaded that reflects refund of $155 for under disclosed finance charges


Reviewer Comment (2019-03-01): Loan is underdisclosed in the amount of $70.00.  PCCD, LOE, copy of refund check and proof of delivery is required to address the exception.


Reviewer Comment (2019-03-01): Re-opened by client request


Buyer Comment (2019-03-01): (Redacted) has elected to waive this exception.
 2/XX/2019  4:00:53 PM     1 A 2/XX/2019 LA 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 A C B A A Non QM Non QM Yes
206312720           Compliance Compliance Federal Compliance 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 three (3) business days prior to consummation. (Type:Secondary/[Redacted]) There was no proof provided in file that Borrower received a copy of the second appraisal.   Reviewer Comment (2019-03-12): Appraisal Delivery provided.


Buyer Comment (2019-03-12): Uploaded Appraisal Delivery
 1/XX/2019  1:24:26 PM     1 A 12/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206312720           Compliance Compliance Federal Compliance Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.50980% or Final Disclosure APR of 6.53100% is in excess of allowable threshold of APOR 4.99% + 1.5%, or 6.49000%.  Non-Compliant Higher Priced Mortgage Loan.     Reviewer Comment (2019-03-12): Appraisal Delivery provided.


Buyer Comment (2019-03-12): Uploaded Appraisal Delivery
 1/XX/2019  1:24:26 PM     1 A 12/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206312720           Compliance Compliance Federal Compliance (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 three (3) business days prior to consummation. (Type:Additional[Redacted]) There is no proof in file that the secondary appraisal was provided to the Borrower.   Reviewer Comment (2019-03-12): Appraisal Delivery provided.


Buyer Comment (2019-03-12): Loan is not HPML. 2nd appraisal was not required. Uploaded appraisal delivery
 1/XX/2019  1:24:26 PM     1 A 12/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No
206312720           Compliance Compliance Federal Compliance 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. (Final/[Redacted]) The HOA fees disclosed on the appraisal is $[Redacted] per month which is a total cost of $[Redacted] versus the figures disclosed on the final CD of $[Redacted].   Reviewer Comment (2019-03-12): (Redacted) received PCCD correcting the non escrowed property costs over 1 year and LOE. Exception Cured.
   01/04/2019   2 B 12/XX/2018 FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
206312720           Compliance Compliance Federal Compliance Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. The Broker Compensation Disclosure is missing so unable to determine what the compensation was based upon.   Buyer Comment (2019-03-12): waive
     1/XX/2019  11:31:37 AM 2 B 12/XX/2018 FL Primary Purchase   C B A A C B A A Non QM Non QM No