EX-99.16 17 tm2218058d1_ex99-16.htm CRES RATING AGENCY EXCEPTIONS REPORT

 

EXHIBIT 99.16

 

CRES Rating Agency Exceptions Report

 

 

 

 

Rating Agency Exceptions Report: 5/19/2022

 

Loan Information  Exception Information Initial Overall Grades Final Overall Grades Event Level
Loan Number Loan Number 2 Property State Purpose Occupancy Property Type DTI FICO LTV Note Original Balance Exception ID Exception Type Exception Description Exception Note Exception General Comment Compensating Factors Exception Status KBRA S&P KBRA S&P Grade
753405 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Mixed Use 0 733 65.00 % xxxxxx 205264 Credit Hazard Insurance The property insurance policy or certificate in effect at the time of origination is not included in the loan file. Client waived based on compensating factors.   Credit Score - 733 Fico is 33 points higher than the guideline minimum score of 700., Months Of Reserves - 16 months reserves.
 Cleared Waiver D D B B 2
753405 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Mixed Use 0 733 65.00 % xxxxxx 205266 Credit Eligibilty Borrowers certificate of business purpose in not in the loan file.  Client provided a guideline variance approval letter on this transaction. Client made an exception and is waiving this requirement. Credit Score - 733 Fico is 33 points higher than the guideline minimum score of 700., Months Of Reserves - 16 months reserves.
 Cleared Waiver D D B B 2
753405 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Mixed Use 0 733 65.00 % xxxxxx 205267 Credit Initial 1003 An initial or final application with borrower information is not included in the loan file.  An executed application is need to confirm the borrowers primary address and to confirm that the subject is a business purpose loan.  Client waived with compensating factors.  Loan is a true business purpose loan and an application on a business purpose DSCR program is considered non -material (EV2).  Credit Score - 733 Fico is 33 points higher than the guideline minimum score of 700., Months Of Reserves - 16 months reserves.
 Cleared Waiver D D B B 2
753405 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Mixed Use 0 733 65.00 % xxxxxx 208142 Credit Credit - Eligiblity A fraud report as required under Section 5.1.1 is not located in the loan file.  Client provided a guideline variance approval letter on this transaction. Client made an exception and is waiving this requirement. Credit Score - 733 Fico is 33 points higher than the guideline minimum score of 700., Months Of Reserves - 16 months reserves.
 Cleared Waiver D D B B 2
753405 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Mixed Use 0 733 65.00 % xxxxxx 208143 Credit Note ARM index – Constant Maturity US Treasury (CMT) is not an eligible index per the guides.  Client provided a guideline variance approval letter on this transaction. Client made an exception and is waiving this requirement. Credit Score - 733 Fico is 33 points higher than the guideline minimum score of 700., Months Of Reserves - 16 months reserves.
 Cleared Waiver D D B B 2
755883 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Single Family Detached 47.6 606 70.00 % xxxxxx 222427 Credit Credit According to the underwriting guidelines, Non-sufficient funds will be reviewed and limited to 5 instances. In this case, over 5 NSF charges have been recorded and therefore exceeds the guidelines.  xxxxxx waiving exception with compensating factors.  Months Of Reserves - 19 months of reserves., Prior Mortgage History - No mortgage lates reported in the previous 59 months. , Disposable Income - Disposable monthly income of $5568. Cleared Waiver C C B B 2
755883 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Single Family Detached 47.6 606 70.00 % xxxxxx 222429 Compliance Right of Rescission This loan failed the TILA right of rescission test. The rescission period ended on xxxxxx which is the same day as the disbursement date from the final CD.
 Post consummation CD provided to clear condition.    Cleared Exception C C B B 1
755883 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Single Family Detached 47.6 606 70.00 % xxxxxx 235666 Credit Credit - Eligiblity The file included 24 months of bank statements which if averaged gives the borrower a monthly income of $14,943.25 and a DTI of 62.73%. Using only the most recent 12 months bank statements results in a monthly income of $19,714.42 and a DTI of 47.55%. xxxxxx accepted the use of the most recent 12 months to qualify.  xxxxxx accepted the use of the most recent 12 months to qualify.  Months Of Reserves - 19 months of reserves., Prior Mortgage History - No mortgage lates reported in the previous 59 months. , Disposable Income - Disposable monthly income of $5568. Cleared Waiver C C B B 2
760679 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 691 70.00 % xxxxxx 231048 Credit Title The Title Commitment or Title Policy with the correct insured amount of $ 175,000.00 is not included in the loan file. 03/14/2022: Documentation provided to cure.    Cleared Exception C C B B 1
760679 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 691 70.00 % xxxxxx 231214 Credit LTV According to the underwriting guidelines, the maximum allowed LTV for a cash out refinance with a DSCR less than 1 is 65%. In this case, the loan was qualified with a 70% LTV.  

 03/03/2022: Exception accepted by client.  Years in Home:  Subject property home ownership > 10 years, Reserves - 43 months Cleared Waiver C C B B 2
761727 xxxxxx xxxxxx Refi - Cash Out Owner Occupied PUD 30.1 714 75.00 % xxxxxx 232654 Credit Age of Documentation - Credit Per guidelines, the credit report cannot be more than 90 days of the note date. The note date is xxxxxx and the credit report date is 11/9/2021. A credit report within 90 days of the note date is missing from the file 03/17/2022: Documentation provided to cure.    Cleared Exception C C A A 1
761727 xxxxxx xxxxxx Refi - Cash Out Owner Occupied PUD 30.1 714 75.00 % xxxxxx 232677 Compliance Other A change of circumstance dated xxxxxx was included in the file for a change in program, however the revised CD corresponding with this change is missing from the loan file.  03/17/2022: Documentation provided to cure.    Cleared Exception C C A A 1
762537 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Three-Unit Property 0 661 70.00 % xxxxxx 234263 Credit Loan Purpose A letter explaining the use of loan proceeds is missing from the loan file.  No longer a xxxxxx requirement.   Cleared Exception C C A A 1
762537 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Three-Unit Property 0 661 70.00 % xxxxxx 234265 Credit Leasehold Agreement The lease agreement for subject property xxxxxx expired in the loan file.  4/12/2022:  Documentation received to clear condition.  Confirmed lease has automatic renewal clause.   Cleared Exception C C A A 1
762582 xxxxxx xxxxxx Refi - Cash Out Owner Occupied PUD 54.3 660 44.44 % xxxxxx 228811 Credit Credit DTI of 54.369 exceeds DTI maximum allowed of 50%. Exception is in the file - Exception granted 12/17/2021 for DTI . Exception is in the file - Exception granted 12/17/2021 for DTI . Reserves - 8.2 months reserves exceed minimum of 6 months., LTV - LTV  of 44.44% is greater than 10% below maximum amount of 75%. Cleared Waiver C C B B 2
762582 xxxxxx xxxxxx Refi - Cash Out Owner Occupied PUD 54.3 660 44.44 % xxxxxx 230496 Compliance Other The final CD is missing from the loan file. The Homeownership Counseling Disclosure document is missing from the loan file. This loan failed the initial closing disclosure delivery date test. Need signed copy of ICD.  Document provided to clear condition.    Cleared Exception C C B B 1
762582 xxxxxx xxxxxx Refi - Cash Out Owner Occupied PUD 54.3 660 44.44 % xxxxxx 230766 Compliance Other This loan failed the charges that cannot increase test. The initial LE reflects the credit report fee as $80, however the final CD reflects the comparable fee as $94.30 for an increase of $14.30. A change of circumstance for the increased fee was not included in the loan file.  Post consummation CD provided to clear condition.    Cleared Exception C C B B 2
763002 xxxxxx xxxxxx Purchase Second Home PUD 32.2 740 75.00 % xxxxxx 225376 Credit VOD The file includes a gift letters in the amount of $102,500 , however there was only a pending proof of receipt in the loan file for xxxxxx
 02/14/2022: Documentation provided to cure.    Cleared Exception C C B B 1
763002 xxxxxx xxxxxx Purchase Second Home PUD 32.2 740 75.00 % xxxxxx 225389 Credit Funds to Close According to the underwriting guidelines, a minimum of 12 months reserves are required for loans with an LTV is greater than 70%. In this case, the LTV was greater than 70% and the borrower only provided 7.74 months of reserves which does not meet the guidelines.
 Client waived based on pool seasoning of 6-12 months with on-time payments and compensating factors
 Credit Score - 740 Fico Score.
, DTI - 32.24% DTI. 		 Cleared Waiver C C B B 2
763002 xxxxxx xxxxxx Purchase Second Home PUD 32.2 740 75.00 % xxxxxx 226525 Credit VOM According to the underwriting guidelines, borrowers living rent free are allowed as long as they are living rent free with a relative and provide a LOE executed by such relative confirming that there was no monthly obligation. In this case, the documentation is missing from the loan file.
 Client waived based on pool seasoning of 6-12 months with on-time payments and compensating factors
 Credit Score - 740 Fico Score.
, DTI - 32.24% DTI. 		 Cleared Waiver C C B B 2
763002 xxxxxx xxxxxx Purchase Second Home PUD 32.2 740 75.00 % xxxxxx 226526 Credit Asset Verification According to the underwriting guidelines, each borrower contributing income must have at least 3 trade lines opened for 12 months with activity. In this case, the primary borrower only has 2 tradelines reported with 12 months of activity.
 Client waived based on pool seasoning of 6-12 months with on-time payments and compensating factors
 Credit Score - 740 Fico Score.
, DTI - 32.24% DTI. 		 Cleared Waiver C C B B 2
763120 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 40.8 800 74.91 % xxxxxx 225356 Credit Other According to the underwriting guidelines, a minimum of 12 months reserves are required for loans with an LTV is greater than 70%. In this case, the LTV was greater than 70% and the borrower only provided 3.98 months of reserves which does not meet the guidelines. Client waived based on pool seasoning of 6-12 months with on-time payments and compensating factors
 Years In Residence - The borrower has been in the current residence for 5 years, Credit Score - 800 Fico Score.  Cleared Waiver C C B B 2
763120 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 40.8 800 74.91 % xxxxxx 227095 Property Appraisal According to the underwriting guidelines a secondary valuation is required on all loans. In this case, the SSR report in the file reflects a score of 2.6, an indication of increased risk. An additional secondary valuation is required based on the SSR score and the additional valuation is not in file.  02/02/2022: CDA will be ordered.
02/23/2022: CDA returned supporting the original appraised value. 		   Cleared Exception C C B B 1
763383 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Attached 0 0 60.00 % xxxxxx 232271 Credit Credit According to the underwriting guidelines, Foreign Nationals with no US credit must provide evidence of 2 open tradelines reporting for 2 years with activity in the most recent 12 months.
An exception dated 02/09/2022 was provided allowing only one credit reference with 24 months of credit card statements.  Reserves - Borrower has 75 months of reserves and exceeds the 12 months required under program Cleared Waiver C C B B 2
763475 xxxxxx xxxxxx Rate Term Refi Owner Occupied Condo Attached 18.2 716 35.00 % xxxxxx 226644 Credit Credit - Eligiblity According to the underwriting guidelines, a Contact Consent form is required in the loan file. In this case, the document is missing.
 02/02/2022: Documentation provided to cure.    Cleared Exception C C A A 1
763488 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 37.9 0 45.96 % xxxxxx 234145 Credit Occupancy The borrower's signed an affidavit of occupancy at close (xxxxxx) as an investment property. The borrower signed an occupancy certification at origination xxxxxx showing the property is a second home.  04/02/2022: Documentation provided to cure.    Cleared Exception D D A A 1
763488 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 37.9 0 45.96 % xxxxxx 234150 Credit Final 1003 Discrepancies The file contained hazard insurance for the following investment properties: xxxxxx. However, these properties were not listed on the final 1003 nor were property tax information provided for these properties.      Cleared Exception D D A A 1
763711 xxxxxx xxxxxx Purchase Owner Occupied PUD 35.9 661 85.00 % xxxxxx 231844 Credit Credit According to the underwriting guidelines, an appraisal desk review product must be ordered on each loan from a vendor listed on the Approved Appraisal Desk Review Vendor: CDA report from Clear Capital, ARR from ProTeck, or ARA from Computershare. In this case, the appraisal review product is missing from the loan file. Additionally, the SSR in file reflects a score of 2.6, an indication of increased risk.

03/22/2022: Documentation provided to cure.    Cleared Exception C C A A 1
763715 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Three-Unit Property 0 682 59.78 % xxxxxx 234478 Property Property Type - Eligibility The subject property is a 3 unit attached property with an ADU. An exception request was approved by xxxxxx and placed in the loan file.  An exception request was approved an placed in the loan file.  LTV - Low LTV/CLTV of 59.78% Cleared Waiver C C B B 2
763715 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Three-Unit Property 0 682 59.78 % xxxxxx 234479 Credit Loan Purpose A letter explaining the use of loan proceeds is missing from the loan file.  04/4/2022: Document provided to clear.    Cleared Exception C C B B 1
763716 xxxxxx xxxxxx Refi - Cash Out Owner Occupied PUD 49.5 686 75.00 % xxxxxx 230458 Credit Total Debt Ratio Audit Calculated income DTI is 54.74 which exceeds the maximum allowable of 50% for an Alt doc program.  The file still does not contain sufficient evidence that the business is paying the xxxxxx and xxxxxx and xxxxxx accounts.  Six months evidence is provided for the GM account, but unable to validate 6 months of evidence that the business pays for the other accounts, as required by the guidelines. 03/08/2022: Documentation provided to cure condition, however the printout provided did not validate that the payments were paid by the business without the business    Cleared Exception C C A A 1
763716 xxxxxx xxxxxx Refi - Cash Out Owner Occupied PUD 49.5 686 75.00 % xxxxxx 230460 Credit Underwriting Condition Not Met Current months reserves is 5.5. Standard guidelines at 50% DTI requires 6 months reserves. 03/08/2022: Documentation provided to cure.    Cleared Exception C C A A 1
763716 xxxxxx xxxxxx Refi - Cash Out Owner Occupied PUD 49.5 686 75.00 % xxxxxx 230465 Property Appraisal The SSRS CU score in the file is greater than 2.5 and another secondary desk review is not located in the file. 03/08/2022: Documentation provided to cure.    Cleared Exception C C A A 1
763994 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Attached 0 0 65.00 % xxxxxx 232261 Property Appraised Value According to the underwriting guidelines, for properties owned less than 12 months, the transaction property value is limited to the lower of the current appraised value or the property's purchase price. In this case, the property was purchased on xxxxxx for xxxxxx The LTV using the original purchase price is 85.09% exceeding the guideline maximum. An exception dated 02/15/2022 was included in the file allowing the use of the current appraised value.  LTV - Desk review obtained supporting xxxxxx value, DTI/DSCR - 1.15, Reserves - 137 months Cleared Waiver C C B B 2
763994 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Attached 0 0 65.00 % xxxxxx 232273 Credit Hazard Insurance Dwelling Coverage is $215,800 without guaranteed replacement cost verbiage. A replacement cost estimator was not provided in the file. The Dwelling must meet the loan amount or replacement cost amount. 03/16/2022: Documentation provided to cure.    Cleared Exception C C B B 1
763994 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Attached 0 0 65.00 % xxxxxx 232275 Credit Credit According to the underwriting guidelines, foreign national borrowers without US credit must provide evidence of 2 open tradelines reporting for 2 years with activity in the most recent 12 months. The borrower provided 12 months credit card statements to satisfy one tradeline, however, the credit reference letter provided with the mortgage statement does not meet the following criteria:
* Each letter of reference must state the type and length of the relationship, how the account is held, payment amount, outstanding balance and status of account including a minimum 12-month payment history.
* Name, title & contact information of the person signing the letter must be included.
* Currency must be converted to U.S. Dollars and signed and dated by certified translator.
* All documents must be translated into English. 		 03/14/2022: Documentation provided to cure.    Cleared Exception C C B B 1
763994 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Attached 0 0 65.00 % xxxxxx 232291 Credit LTV According to the underwriting guidelines, the maximum allowed LTV for a cash out refinance with a DSCR less than 1.00 is 60%. In this case, the loan was qualified with a 65% LTV.  03/14/2022: The Final CD and 1003 both reflect a PITIA of $1,678.51. Provide documentation to support the PITIA of $1,528.  
03/17/2022: Documentation provided to cure. 		   Cleared Exception C C B B 1
764001 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 37.9 784 80.00 % xxxxxx 226968 Credit Final 1003 Discrepancies The final 1003 in the loan file is incomplete as Section 5: Declaration was not completed. 03/07/2022: Documentation provided to cure.    Cleared Exception C C B B 1
764001 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 37.9 784 80.00 % xxxxxx 226971 Credit VOM According to the underwriting guidelines, a current mortgage/rental history is required for all xxxxxx programs. In addition, any VOM/VOR completed by a private-party seller, or any non-institutional lender must be supported by alternative documentation showing the most recent 6 month history. In this case, the housing history was missing from the loan file.  

 03/16/2022: Documentation provided to cure.    Cleared Exception C C B B 1
764001 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 37.9 784 80.00 % xxxxxx 226973 Credit Asset Verification According to the underwriting guidelines, loans qualified under the personal bank statement program require 2 months of business bank statements evidencing activity to support business operations and must reflect transfers to the personal account. In this case, the business bank statements were not provided.  03/16/2022: An exception from xxxxxx is required in order to waive the guideline requirement.
04/05/2022: P&L provided, however per the guidelines when personal BS are used, the most recent 2 months of Business bank statements is required.
4/6/2022: The P&L does not clear the exception as Option 3 of the bank statement program requires the P&L match the time period of the bank statements.
04/11/2022: The P&L was reviewed however the time period does not match that of the bank statements.
4/18/2022:  Documentation received to clear condition.
   Cleared Exception C C B B 1
764001 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 37.9 784 80.00 % xxxxxx 237003 Credit Asset Verification Per guidelines, P&L prepared and signed by and signed by either a CPA/accountant, IRS Enrolled Agent, or licensed tax preparer must contain documentation showing evidence of the preparers business.   Provide evidence of preparers business. xxxxxx acknowledges exception and ok waiving with comp factors.  Credit Score - 784 Fico., DTI - 37.94% DTI. Cleared Waiver C C B B 2
764164 xxxxxx xxxxxx Purchase Owner Occupied Condo Attached 37.3 676 85.00 % xxxxxx 233026 Credit Loan Amount According to the underwriting guidelines, the minimum loan amount required is xxxxxx. In this case, the loan was approved with a loan amount of xxxxxx. An exception dated 02/04/2022 was included in the file allowing the loan amount.  DTI - DTI <= 40% which is below requirement under applicable guidelines Cleared Waiver C C B B 2
764407 xxxxxx xxxxxx Purchase Owner Occupied PUD 43.1 801 70.00 % xxxxxx 236930 Credit Final 1003 Discrepancies According to the guidelines, A minimum two (2) year self-employment history is required to be documented on the loan application (1003). Borrowers must be self-employed for at least two (2) years. A business must be in existence for a minimum of two (2) years. In this case self employment information is missing from the final 1003 and proof of existence for 2 years is missing as well.  4/22/2022:  Documentation to clear condition not received.  Please re-upload corrected 1003.
4/26/2022:  Documentation provided to clear condition.		   Cleared Exception D D B B 1
764407 xxxxxx xxxxxx Purchase Owner Occupied PUD 43.1 801 70.00 % xxxxxx 236932 Credit Income - Self Employment According to the guidelines, Verify that the borrower is at least 50% owner of the business by providing one of the following: CPA letter, Tax Preparer letter, operating agreement, or equivalent; reflecting the borrower’s ownership percentage. In this case proof of ownership is missing from the loan file. A business narrative is missing from the file as well.  4/22/2022:  Documentation received to clear condition.   Cleared Exception D D B B 1
764407 xxxxxx xxxxxx Purchase Owner Occupied PUD 43.1 801 70.00 % xxxxxx 236933 Credit Income According to the guidelines, Inconsistent or large deposits should be sourced or excluded from the analysis. The definition of a large deposit is any deposit exceeding 50% of the average monthly sales of the business. In this case there are large deposits in Service xxxxxx account#7583 on xxxxxx $168,373.81 and xxxxxx $123,913.09. Both deposits are not sourced or explained. These deposits were not excluded from the income calculation. 4/22/2022:   Received HUD settlement  that sourced large deposit of$168,373.81 in the attachment.  However, documentation to source deposit of $123,913.09 is not in attachment.  Must provide.
4/26/2022:  Documentation received to clear condition.		   Cleared Exception D D B B 1
764407 xxxxxx xxxxxx Purchase Owner Occupied PUD 43.1 801 70.00 % xxxxxx 236934 Credit Credit - Eligiblity The borrowers contact consent form is missing from the loan file xxxxxx is waiving the guideline requirement.  Credit Score - Qualifying score 801, minimum FICO requirement is 720, LTV - 70% LTV ()max LTV is 90% for purchase transaction) , Months Of Reserves - Minimum reserve requirement for LTV  90% is 12 months. The borrower has 42 months reserves and the LTV is 70% Cleared Waiver D D B B 2
765092 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Single Family Detached 47.6 701 80.00 % xxxxxx 231865 Credit Employment According to the Work Number report, as of xxxxxx, the borrower's Employment status shows that the borrower is on leave with no further documentation listed in the loan file. 03/10/2022: Documentation provided to cure.    Cleared Exception C C A A 1
765092 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Single Family Detached 47.6 701 80.00 % xxxxxx 232254 Credit Credit According to the underwriting guidelines, the minimum required residual income for a borrower with a DTI greater than 50% is $3500. In this case, the borrower has a residual income of $2,125.03 which does not meet the guideline requirement. The lender calculated the borrowers base income as $4,231.87 with the OT income totaling $1,168.84. However, per the paystub in file, the borrower's base income was calculated as $3,033.33 with the OT income calculated as $1,114.71 per month.  03/11/2022: Income updated    Cleared Exception C C A A 1
765101 xxxxxx xxxxxx Purchase Non-Owner Occupied Condo Detached 0 0 56.91 % xxxxxx 233484 Credit Borrower Eligibilty Foreign national borrowers without qualifying U.S. credit (Including borrowers without a valid Social Security number and borrowers with or without an Individual Tax Identification Number) must provide evidence of two (2) open tradelines reporting for two (2) years with activity in the most recent 12 months. An exception for credit card statements for January 2020 for accounts #4255 & #2372, and #2372 from February 2021-January 2022, was approved and placed in the loan file. Exception was satisfied and placed in loan filed Months Of Reserves - 14 months of reserves , CLTV - 56.991 LTV/CLTV Cleared Waiver C C B B 2
765101 xxxxxx xxxxxx Purchase Non-Owner Occupied Condo Detached 0 0 56.91 % xxxxxx 233494 Credit Eligibilty Proof of the borrower being cleared through OFAC's SND list is missing from the loan file. 03/23/2022: Documentation provided to cure.    Cleared Exception C C B B 1
765101 xxxxxx xxxxxx Purchase Non-Owner Occupied Condo Detached 0 0 56.91 % xxxxxx 233495 Credit Credit - Eligiblity The Automatic Payment Authorization Form which is required for Foreign National borrowers is missing from the loan file. 03/23/2022: Documentation provided to cure.    Cleared Exception C C B B 1
765661 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 764 65.00 % xxxxxx 234384 Credit Leasehold Agreement The lease agreement in the loan file expired xxxxxx, an updated lease agreement is missing.  04/02/2022: Documentation provided to cure.    Cleared Exception C C A A 1
765661 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 764 65.00 % xxxxxx 234385 Credit Borrower Eligibilty Proof of the borrower being cleared through OFAC's SND list is missing from the loan file.  04/02/2022: Documentation provided to cure.    Cleared Exception C C A A 1
765661 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 764 65.00 % xxxxxx 234386 Credit Credit - Eligiblity The Automatic Payment Authorization Form for the Foreign National borrower is missing from the loan file.  04/02/2022: Documentation provided to cure.    Cleared Exception C C A A 1
765811 xxxxxx xxxxxx Purchase Owner Occupied PUD 41 775 75.00 % xxxxxx 232928 Property Appraisal According to the underwriting guidelines, properties of xxxxxx acres or less are allowed. In this case, the property is located on xxxxxx acres of land and therefore ineligible.  An exception dated 02/01/2022 was provided allowing the property acres.  DTI - Ratio is 31.69 and can go up to 50%, Reserves - Borrower has 35 months of reserves remaining after closing Cleared Waiver C C B B 2
765811 xxxxxx xxxxxx Purchase Owner Occupied PUD 41 775 75.00 % xxxxxx 232930 Property Appraisal According to the underwriting guidelines, a 2nd appraisal is required for loan amounts greater than xxxxxx. The loan was qualified with a loan amount of xxxxxx and the second appraisal is missing from the file.  03/16/2022: Documentation provided to cure.    Cleared Exception C C B B 1
765904 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 0 70.00 % xxxxxx 233227 Credit Hazard Insurance The property insurance policy or certificate is not included in the loan file. 03/29/2022: Document provided to clear condition.    Cleared Exception C C A A 1
765917 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 50.6 735 65.00 % xxxxxx 233928 Credit Underwriting Condition Not Met Missing HOI premiums for the following investment properties: xxxxxx 4/1/2022 - Document provided to clear condition.   Cleared Exception C C B B 1
765917 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 50.6 735 65.00 % xxxxxx 235014 Credit Total Debt Ratio According to the underwriting guidelines, the maximum allowed DTI for the applicable loan program is 50%. In this case, the borrower has a DTI of 50.55% which exceeds the maximum allowed per the guidelines.  4/7/2022 Per guidelines from xxxxxx Guide;xxxxxx - Alt Doc Matrix, max DTI is 50%.
4/11/2022:  xxxxxx grants exception for DTI.		 Prior Housing History - Current primary home ownership 5 years , Reserves - Reserves exceed requirement by 10 months or more., LTV - LTV/CLTV 10% or more below the maximum allowed under applicable guidelines. Cleared Waiver C C B B 2
765965 xxxxxx xxxxxx Purchase Second Home Condo Attached 31.3 778 80.00 % xxxxxx 232900 Property Property Type - Eligibility According to the underwriting guidelines, condominium projects that include the word xxxxxx are ineligible. In this case, the projects name is xxxxxx and therefore not eligible.  An exception dated 02/02/2022 was included in the file allowing the condo Credit Score - 778 Fico score.  Cleared Waiver C C B B 2
766011 xxxxxx xxxxxx Purchase Owner Occupied Condo Attached 28.8 746 75.00 % xxxxxx 232505 Credit Credit According to the underwriting guidelines, a current mortgage/rental history is required for all xxxxxx programs. In addition, any VOM/VOR completed by a private-party seller, or any non-institutional lender must be supported by alternative documentation showing the most recent 6 month history. In this case, the housing history was missing from the loan file.  

 An exception dated 02/08/2022 was included in the file allowing the housing history.  DTI - DTI <= 40% which is below requirement under applicable guidelines, LTV - LTV/CLTV 10% or more below the maximum allowed under applicable guidelines Cleared Waiver C C B B 2
766011 xxxxxx xxxxxx Purchase Owner Occupied Condo Attached 28.8 746 75.00 % xxxxxx 232527 Credit Employment According to the underwriting guidelines, the Profit and Loss Only document type requires proof CPA or EA is currently active on IRS website dated within 30 days of the loan application. In this case, the required documentation is missing from the file.  

 03/16/2022: Documentation provided to cure.    Cleared Exception C C B B 1
766120 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 48.1 791 80.00 % xxxxxx 234702 Credit VOM According to the guidelines, The max DTI cannot exceed 43% for borrowers who live rent-free or without a complete 12-month housing history. In this case the borrower's DTI 47.99% An exception was provided allowing the DTI.  Months Of Reserves - Minimum required reserves is 6 months. the borrower has 17 months reserves, Credit Score - 791 Fico. Cleared Waiver D D B B 2
766120 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 48.1 791 80.00 % xxxxxx 234714 Credit Income - Self Employment According to the guidelines, personal bank statement review is  based upon the total eligible deposits from the most recent 12 months of statements divided by the number of statements. Also, Two (2) months of business bank statements are required. They must evidence activity to support business operations and they must reflect transfers to the personal account. In this case, the borrower supplied personal bank statement but  2 month business bank statements are missing from the file. Furthermore the underwriter calculated the income using the business bank statement worksheet not the personal bank statement worksheet. 4/5/2022  Documentation to clear condition not received.  Most recent two months of Business bank statements required.
xxxxxx waiving exception with comp factors. 		 Months Of Reserves - Minimum required reserves is 6 months. the borrower has 17 months reserves, Credit Score - 791 Fico. Cleared Waiver D D B B 2
766120 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 48.1 791 80.00 % xxxxxx 234719 Credit Credit - Eligiblity The borrower's contact consent form is missing the borrowers address. xxxxxx is waiving the guideline requirement Months Of Reserves - Minimum required reserves is 6 months. the borrower has 17 months reserves, Credit Score - 791 Fico. Cleared Waiver D D B B 2
766121 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Three-Unit Property 49.8 796 51.28 % xxxxxx 233184 Credit Income According to the guidelines, for business bank statements; In order to use a fixed expense ratio of 50% the following is needed. 24 or 12 months of consecutive business bank statements, the most recent statement dated within 90-days of the note date and a business narrative provided by the borrower’s business. In this case the file is missing the business narrative and 12 month consecutive bank statements. The following statements are missing from the file xxxxxx 04/04/2022: No additional documents have been received to clear the loan.
04/05/2022:  Missing xxxxxx Statement. Also missing business narrative.
4/15/2022:  Documentation not received to clear condition.
04/18/2022: No credit given for the missing 2 months. 		   Cleared Exception D D A A 1
766121 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Three-Unit Property 49.8 796 51.28 % xxxxxx 233191 Credit Credit Report Missing housing expense for the following REO: xxxxxx Per the settlement statement in the file the borrower purchased these properties on xxxxxx. Taxes, Homeowners insurance, Principle, interest and HOA dues are missing from the file. 04/04/2022: Property taxes for the following properties could not be opened: xxxxxx.
04/05/2022: Document provided to clear		   Cleared Exception D D A A 1
766121 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Three-Unit Property 49.8 796 51.28 % xxxxxx 233678 Credit Income - Self Employment According to the guidelines, for business bank statements; Verify that the borrower is at least 50% owner of the business by providing one of the following: CPA letter, Tax Preparer letter, operating agreement, or equivalent; reflecting the borrower’s ownership percentage. In this case, documentation of the borrowers ownership interest is missing from the file. 04/04/2022: No additional documents have been received to clear the loan. Please re-upload.
4/15/2022:  No additional documentation have been received to clear condition.		   Cleared Exception D D A A 1
766121 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Three-Unit Property 49.8 796 51.28 % xxxxxx 233681 Credit Final 1003 Discrepancies Final 1003 does not indicate borrower's self employment income amount. Also, the following investment properties are not listed on the final 1003: xxxxxx 04/04/2022: Document provided to clear condition.    Cleared Exception D D A A 1
766121 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Three-Unit Property 49.8 796 51.28 % xxxxxx 234180 Credit Total Debt Ratio - Income According to the underwriting guidelines, the maximum allowed DTI is 50%. The loan currently has a 79.13% DTI. The borrower has several investment properties however proof of rental income for the properties are not located in the file as well as a lease agreements for the subject property.   04/04/2022: Document provided to clear condition.    Cleared Exception D D A A 1
766122 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 0 43.96 % xxxxxx 233219 Credit Credit The Fraud Report is missing from the loan file. 03/28/2022: Document provided to clear condition.    Cleared Exception C C A A 1
766122 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 0 43.96 % xxxxxx 233590 Credit Borrower ID A copy of the borrower's valid and unexpired visa (including photograph) OR an I-797 form with valid extension dates and I-94 is  missing from the loan file. 03/28/2022: Document provided to clear condition.    Cleared Exception C C A A 1
766122 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 0 43.96 % xxxxxx 233591 Credit Credit - Eligiblity The Automatic Payment Authorization Form is missing from the loan file for the Foreign National borrower.
03/28/2022: Document provided to clear condition.    Cleared Exception C C A A 1
766122 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 0 43.96 % xxxxxx 233593 Credit Borrower Eligibilty Proof of the borrower being cleared through OFAC's SND list is missing from the loan file. 03/28/2022: Document provided to clear condition.    Cleared Exception C C A A 1
766122 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 0 43.96 % xxxxxx 233595 Credit Eligibilty The Borrower Certification of Business Purpose form is missing from the loan file.
03/28/2022: Document provided to clear condition.    Cleared Exception C C A A 1
766122 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 0 43.96 % xxxxxx 233596 Credit 1008 The 1008 and or the approval document is missing from the loan file. 03/28/2022: Document provided to clear condition.    Cleared Exception C C A A 1
766142 xxxxxx xxxxxx Purchase Non-Owner Occupied Four-Unit Property 35 749 70.00 % xxxxxx 233270 Credit Asset Verification According to the underwriting guidelines, 6 months of reserves are required for the program. In this case, verified assets totaling $756,741.17 are in the file with $788,494.17 required to close. The file is short funds to close and 6 months of reserves.

03/22/2022: Documentation provided to cure.    Cleared Exception D D A A 1
766218 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 21.5 770 80.00 % xxxxxx 234663 Credit Credit Missing taxes, insurance and hoa for primary residence xxxxxx. 4/15/2022:  Documentation received to clear condition.   Cleared Exception D D B B 1
766218 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 21.5 770 80.00 % xxxxxx 234664 Credit Income According to the underwriting guidelines, self-employed borrowers are required to provide a YTD P&L signed and dated by the borrower, up to and including the most recent month preceding the loan application date and 2 business checking account statements for the 2 most recent months reflected on the P&L. A gap-year P&L is also required when a gap exists between the tax return ending date and the start date of the YTD P&L. In this case, the YTD P&L for 2022 is missing along with the gap year P&L from 2021. The borrower was not qualified using the bank statement program as the tax returns in file invalidate the bank statements.  xxxxxx requested the use of the bank statement program to qualify the borrower.    Cleared Waiver D D B B 2
766218 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 21.5 770 80.00 % xxxxxx 235737 Property Property Type - Eligibility According to the guidelines, rural properties are not an eligible property type. In this case, the appraisal shows the neighborhood characteristics are rural and therefore is ineligible. xxxxxx accepts the property with compensating factors.  Months Of Reserves - Minimum reserve requirement is 6 months. The borrower has 129 months reserves, Credit Score - 770 Fico  Cleared Waiver D D B B 2
766231 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Single Family Detached 44.2 751 80.00 % xxxxxx 233020 Credit Property Type - Eligibility According to the guidelines, rural properties are not eligible. Per neighborhood characteristics of the appraisal the property is considered rural. An exception was included in the file allowing the property.  Credit Score - Credit Score 30+ points > minimum required
 Cleared Waiver C C B B 2
766232 xxxxxx xxxxxx Purchase Non-Owner Occupied Three-Unit Property 33.4 697 80.00 % xxxxxx 231682 Credit Final 1003 Discrepancies The Primary residence (xxxxxx), is not listed in section 3a as a Property You Own, on the final 1003. There is a letter stating the borrower purchased the property on xxxxxx (pg 334). There is a mortgage statement showing the PITA ($2199.02) for this property that also was not included in the total DTI on the 1008. 03/09/2022: Documentation provided to cure.    Cleared Exception C C A A 1
766234 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 48.9 699 74.79 % xxxxxx 232672 Property Appraisal - Property Eligiblity According to the underwriting guidelines, properties located in a rural area are not an eligible property type. In this case, the appraisal marked the subject as rural and therefore is not eligible.  xxxxxx waiving the rural property with compensating factors.  LTV - Max LTV is 90%. LTV for loan is 75%, Credit Score - 699 Qualifying Fico is over 10 points more than minimum required.  Cleared Waiver C C B B 2
766237 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Single Family Detached 28.8 735 80.00 % xxxxxx 232062 Credit Title Proposed loan amount on the Preliminary title commitment is xxxxxx. File is missing a supplemental addendum with loan a amount xxxxxx 03/14/2022: Documentation provided to cure.    Cleared Exception C C B B 1
766237 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Single Family Detached 28.8 735 80.00 % xxxxxx 232557 Property Appraisal According to the underwriting guidelines, rural properties are not eligible for xxxxxx - Alt Doc program. In this case, the property was located in a rural area per the appraisal and therefore ineligible. An exception dated 02/25/2022 was included in the file allowing the rural property.  Months Of Reserves - 62.98 months of reserves verified. , DTI - Low DTI of 28.78%. Cleared Waiver C C B B 2
766260 xxxxxx xxxxxx Purchase Second Home Condo Attached 43 801 80.00 % xxxxxx 231952 Credit Income - Borrower The lender averaged the borrower's income over 2 years, however the income appears to include bonus income and a completed VOE form detailing the base, overtime, commission, or bonus earnings is missing from the loan file. Using only the base income increases the borrowers DTI to 43.01%.  03/18/2022: Documentation provided to cure.    Cleared Exception C C A A 1
766269 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 0 70.00 % xxxxxx 235393 Credit Borrower Eligibilty According to the underwriting guidelines, borrowers without U.S credit must provide two credit reference letters. In this case, the minimum tradelines were not met.  Exception approval in the loan file.  Years On Job - Borrowers have been self employed for 17 years , Reserves - 232 months reserves Cleared Waiver C C B B 2
766269 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 0 70.00 % xxxxxx 235400 Credit Eligibilty Proof of borrower being cleared through OFAC's SND list is missing from the loan file.  4/7/2022 Documentation received to clear condition.   Cleared Exception C C B B 1
766269 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 0 70.00 % xxxxxx 235401 Credit Credit - Eligiblity Provide the Automatic Payment Authorization Form in the loan file for the Foreign National borrowers.  4/7/2022 Documentation received to clear condition.   Cleared Exception C C B B 1
766296 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 21 790 80.00 % xxxxxx 233431 Credit Income The 12 months business bank statements are missing for the xxxxxx Business Checking account ending 9320-7. Income and DTI subject to change upon receipt of the documents.  03/22/2022: Document provided to clear condition.    Cleared Exception D D A A 1
766522 xxxxxx xxxxxx Rate Term Refi Non-Owner Occupied Single Family Detached 0 716 80.00 % xxxxxx 232962 Credit Occupancy Missing Borrower Certification of Business Purpose 03/28/2022: Document provided to clear condition.    Cleared Exception C C B B 1
766522 xxxxxx xxxxxx Rate Term Refi Non-Owner Occupied Single Family Detached 0 716 80.00 % xxxxxx 232965 Credit VOM Per guidelines, if a borrower’s mortgage or rental history is not reported on the credit report, a VOM/VOR must be provided. Any VOM/VOR completed by a private-party Seller, or any non-institutional lender must be supported by alternative documentation showing the most recent 6-month history (cancelled checks, mortgage/rental statements including payment history, etc.) must be provided. Missing documentation showing most recent 6 months history payment history. 03/28/2022: Document provided to clear condition.    Cleared Exception C C B B 1
766522 xxxxxx xxxxxx Rate Term Refi Non-Owner Occupied Single Family Detached 0 716 80.00 % xxxxxx 233457 Credit Credit - Eligiblity The Borrower's Contact Consent Form is missing from the loan file. xxxxxx Waiving the guideline requirement Months Of Reserves - Minimum reserve requirement is 2 months. The borrower has 6.32 months reserves Cleared Waiver C C B B 2
766643 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 36.5 754 80.00 % xxxxxx 231068 Credit Hazard Insurance Dwelling amount coverage is insufficient. Dwelling $310,000 loan amount is xxxxxx. Replacement Cost Estimator is not in file to support dwelling coverage. 03/01/2022: Documentation provided to cure.    Cleared Exception C C A A 1
766643 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 36.5 754 80.00 % xxxxxx 231069 Credit VOD $45,000 electronic transfer from Acct# 3760 on xxxxxx into xxxxxx acct# 9174. LOE provided (pg 404) However Corresponding acct (xxxxxx # 3760) not in file to show transfer and account ownership. 03/01/2022: Documentation provided to cure.    Cleared Exception C C A A 1
766649 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 32.1 712 80.00 % xxxxxx 232472 Compliance Other This loan failed the charges that cannot increase test. The initial LE reflects the Discount Points fee of $8330 and the final CD reflects the Discount Points fee as $11,513.04, an increase of $3,183.04. A change of circumstance for the increased fee was not included in the loan file.  03/17/2022: Provide proof of receipt for the CD dated xxxxxx.
3/21/2022: Document provided to clear condition. 		   Cleared Exception C C A A 1
766665 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 28.9 703 70.00 % xxxxxx 232451 Credit Final 1003 The final 1003 is not included in the loan file. 03/18/2022: Documentation provided to cure.    Cleared Exception D D A A 1
766667 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Three-Unit Property 0 799 61.11 % xxxxxx 234048 Credit Leasehold Agreement The lease agreements for the subject property are missing from the loan file.  04/01/2022: Documentation provided to cure.    Cleared Exception C C B B 1
766667 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Three-Unit Property 0 799 61.11 % xxxxxx 234049 Credit Eligibilty The subject is a 3 unit with a permitted ADU. The appraisal was appraised as a triplex and no rental income given for ADU. Title exception on title for ADU. Exception Request satisfied dated 02/22/2022. Credit Score - High Credit Score 799
DSCR 1.33		 Cleared Waiver C C B B 2
766667 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Three-Unit Property 0 799 61.11 % xxxxxx 234179 Credit Credit According to the underwriting guidelines, credit event seasonings are limited to at least 24 months since the event. In this case, a loan modification was in the file dated xxxxxx. An exception dated 02/22/2022 was included in the file allowing the modification.  Credit Score - High Credit Score 799
DSCR 1.33		 Cleared Waiver C C B B 2
766693 xxxxxx xxxxxx Rate Term Refi Non-Owner Occupied Three-Unit Property 0 755 46.97 % xxxxxx 233472 Credit Borrower ID A copy of the borrower’s ID is missing from the loan file.
 03/24/2022: Document provided to clear condition.    Cleared Exception D D A A 1
766693 xxxxxx xxxxxx Rate Term Refi Non-Owner Occupied Three-Unit Property 0 755 46.97 % xxxxxx 233473 Credit Credit - Eligiblity The Borrower's Certification of Business Purpose form is missing from the loan file.
03/24/2022: Document provided to clear condition.    Cleared Exception D D A A 1
766696 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Condo Attached 0 728 54.38 % xxxxxx 234101 Credit Initial 1003 The initial 1003 is not included in the loan file.     Cleared Exception C C A A 1
766696 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Condo Attached 0 728 54.38 % xxxxxx 234420 Credit Borrower Eligibilty Proof of the borrower being cleared through OFAC's SND list is missing from the loan file.  04/02/2022: Documentation provided to cure.    Cleared Exception C C A A 1
766696 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Condo Attached 0 728 54.38 % xxxxxx 234421 Credit Credit - Eligiblity The Automatic Payment Authorization Form for the Foreign National borrower is missing from the loan file.  04/02/2022: Documentation provided to cure.    Cleared Exception C C A A 1
766696 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Condo Attached 0 728 54.38 % xxxxxx 234422 Credit Credit The payoff statement is missing from the loan file. 04/02/2022: Documentation provided to cure.    Cleared Exception C C A A 1
766701 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 40.6 727 80.00 % xxxxxx 232347 Credit Income - Co-Borrower Missing 2020 W2 from xxxxxx 03/17/2022: Documentation provided to cure.    Cleared Exception C C A A 1
766701 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 40.6 727 80.00 % xxxxxx 232855 Credit Asset Verification According to the guidelines, the minimum reserve requirement is 6 months PITI. The audited reserves are 5.73 months. 03/18/2022: Documentation provided to cure.    Cleared Exception C C A A 1
766701 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 40.6 727 80.00 % xxxxxx 233255 Credit Credit Tax certification is missing from the file and the preliminary title report 03/17/2022: Documentation provided to cure.    Cleared Exception C C A A 1
766726 xxxxxx xxxxxx Purchase Owner Occupied PUD 39.1 769 90.00 % xxxxxx 231896 Credit Note The Note is missing from the loan file.  03/15/2022: Document provided to clear condition.    Cleared Exception C C A A 1
766726 xxxxxx xxxxxx Purchase Owner Occupied PUD 39.1 769 90.00 % xxxxxx 232289 Compliance Other This loan failed the revised closing disclosure delivery date test (waiting period required). Please provide proof of receipt for the CD's dated xxxxxx 03/15/2022: Document provided to clear condition.    Cleared Exception C C A A 1
766755 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Single Family Detached 46.7 745 75.00 % xxxxxx 234193 Credit Credit - Eligiblity The borrower's contact consent is missing from the loan file. xxxxxx waiving the guideline requirement Reserves - 61 months reserves exceed minimum required of 6 months., Credit Score - 745 Credit score exceeds minimum required credit score of 720., Length of Employment - Borrower has been in same line of work 20 years. Cleared Waiver C C B B 2
766768 xxxxxx xxxxxx Purchase Owner Occupied PUD 7.2 741 75.00 % xxxxxx 233338 Compliance Loan Estimate This loan failed the revised loan estimate delivery date test as proof of receipt for the revised LE dated xxxxxx is missing from the loan file.  3/21/2022: Document provided to clear condition.    Cleared Exception C C A A 1
766771 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 661 65.00 % xxxxxx 234014 Credit Loan Purpose A letter explaining the use of loan proceeds is missing from the loan file. 3/24/2022:  Cash out letter located in file (p.299) to cure.   Cleared Exception D D A A 1
766771 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 661 65.00 % xxxxxx 234015 Credit Credit - Eligiblity The payoff statement is missing from the loan file.  3/25/2022: Evidence provided showing no open liens, subject is owned free and clear.   Cleared Exception D D A A 1
766781 xxxxxx xxxxxx Rate Term Refi Owner Occupied Single Family Detached 40.3 738 52.16 % xxxxxx 232177 Credit Hazard Insurance Property profile missing for xxxxxx. Need to verify PITA and HOA. xxxxxx Servicing assigned as mortgage to the property per final 1003. However, supporting documentation not provided. 03/23/2022: Documentation provided to cure.    Cleared Exception C C A A 1
766792 xxxxxx xxxxxx Purchase Non-Owner Occupied Four-Unit Property 0 759 80.00 % xxxxxx 231964 Credit Borrower Eligibilty According to underwriting guidelines, cross collateral loans require a minimum of 3 properties, this loan has 2 properties. In this case, an exception approval was included in the loan file allowing the properties.   Credit Score - Qualifying Fico of 749. Cleared Waiver C C B B 2
766793 xxxxxx xxxxxx Purchase Owner Occupied Single Family Attached 33.8 812 88.24 % xxxxxx 231649 Credit 1008 The 1008 is not completed in full or is not materially correct. The file includes two 1008's, however they do not have the  correct note rate or correct P&I. Missing the final 1008. 03/10/2022: Document provided to clear condition.    Cleared Exception C C B B 1
766793 xxxxxx xxxxxx Purchase Owner Occupied Single Family Attached 33.8 812 88.24 % xxxxxx 231958 Compliance Loan Estimate This loan failed the charges that in total cannot increase more than 10% test. The initial LE reflects the recording fee as $262, whereas the final CD reflects the recording fee as $363.50, an increase of $101.50. A change of circumstance for the increase of the recordng fee on 1/10/2022 is missing from the file; otherwise a refund of $75.30 is required to reduce the fee under the 10% tolerance.  3/21/2022: Post consummation CD provided to clear condition.    Cleared Exception C C B B 2
766793 xxxxxx xxxxxx Purchase Owner Occupied Single Family Attached 33.8 812 88.24 % xxxxxx 232032 Credit Homeownership counseling The Homeownership Counseling Disclosure in file is not dated within 3 days of the initial application date. 3/21/2022: Document provided to clear condition.    Cleared Exception C C B B 1
766853 xxxxxx xxxxxx Purchase Owner Occupied PUD 28.3 728 79.91 % xxxxxx 236549 Property Appraisal According to the underwriting guidelines, an appraisal desk review product must be ordered on each loan from a vendor listed on the Approved Appraisal Desk Review Vendor: CDA report from Clear Capital, ARR from ProTeck, or ARA from Computershare. In this case, the appraisal review product is missing from the loan file. Additionally, the SSR in file reflects a score of 3.6, an indication of increased risk. 4/22/2022: Documentation received to clear condition.   Cleared Exception D D B B 1
766853 xxxxxx xxxxxx Purchase Owner Occupied PUD 28.3 728 79.91 % xxxxxx 236616 Credit Income - Self Employment According to the guidelines, a business that is a retail or wholesale trade requires either a P&L or Business expense letter to determine the business expense ratio as the fixed expense ratio option is not allowed. In this case the borrower operates a wholesale business and a P&L or Business expense letter is missing from the loan file. 4/28/2022:  xxxxxx granted exception for retail business. Months Of Reserves - The minimum reserve requirement is 12 months. The borrower has 17 months reserves, Credit Score - 30+points>minimum required, LTV - LTV/CLTV 10% or more below the maximum allowed under applicable guidelines. Cleared Waiver D D B B 2
766857 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 714 75.00 % xxxxxx 233181 Credit Final 1003 Discrepancies According to the guidelines, Housing history for the DSCR Doc type is limited to verifying the borrower’s primary residence. The Final 1003 and property report  (pg 641) shows borrower owns primary residence at xxxxxx. However, mortgage statement from xxxxxx shows the mortgage is in the name of xxxxxx, who is not the borrower.      Cleared Exception C C A A 1
766901 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Attached 0 742 75.00 % xxxxxx 235934 Credit Eligibilty According to the underwriting guidelines, for properties owned less than 12 months, the transaction property value is limited to the lower of the current appraised value or the property's purchase price. In this case, an exception dated xxxxxx was included in the file allowing the use of the appraised value being the property did not meet the seasoning requirement.    Credit Score - Qualifying score 742, minimum FICO required is 700, Reserves - 38 months reserves Cleared Waiver C C B B 2
766901 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Attached 0 742 75.00 % xxxxxx 236196 Credit Credit According to the underwriting guidelines, when a loan is vested in a entity, each entity member must complete a 1003 and the credit score and creditworthiness will be use to determine qualification. In this case, the Operating Agreement reflects 2 entity members, however only 1 of the members were used to qualify.  4/15/2022:  Documentation received to clear condition.   Cleared Exception C C B B 1
766920 xxxxxx xxxxxx Purchase Owner Occupied Two-Unit Property 40.1 801 70.00 % xxxxxx 232634 Credit Asset Verification Per guidelines; When the funds are not transferred prior to settlement, the lender must document that the donor gave the closing agent the gift funds in the form of a certified check, a cashier’s check, or other official check. Although gift letter for $5000 is present in the file. Proof of donor funds are missing 03/16/2022: Documentation provided to cure.    Cleared Exception C C A A 1
766958 xxxxxx xxxxxx Purchase Owner Occupied Two-Unit Property 38.8 796 75.00 % xxxxxx 232929 Credit Asset Verification There is a gift letter of $80,000 in the file with funds to be transferred at close. However, proof of Donor funds and disbursement to escrow are missing from the file. 03/21/2022: Document provided to clear condition.    Cleared Exception C C A A 1
766958 xxxxxx xxxxxx Purchase Owner Occupied Two-Unit Property 38.8 796 75.00 % xxxxxx 232932 Credit VOM Missing VOR from borrower's landlord along with proof check # 259 dated xxxxxxx  in the amount of $1450.00 cleared the borrower's xxxxxx acct #2972 completing a 6 month rental payment verification. 04/01/2022: Documentation provided to cure.    Cleared Exception C C A A 1
767023 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 0 65.00 % xxxxxx 234656 Property Property Type- Eligibility According to the guidelines, the maximum acreage for a DSCR loan is xxxxxx acres. In this case the acreage is xxxxxx per the appraisal report 4/5/2022: xxxxxx provided an exception allowing the acreage Months Of Reserves - Minimum reserve requirement is 12 months. The borrower has 31 months, Years In Residence - Current primary home ownership > 2 years. Cleared Waiver C C B B 2
767023 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 0 65.00 % xxxxxx 234660 Credit Underwriting Condition Not Met According to the guidelines, the ACH form must include the bank routing number, account number, and account type. In this case the signed document is missing the required information 4/8/2022 Documentation received is missing, bank routing number, account number and account type.   Provide ACH form that includes this information.
4/13/2022:  Documentation received to clear condition.		   Cleared Exception C C B B 1
767023 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 0 65.00 % xxxxxx 234661 Credit Credit - Eligiblity The signed contact consent form is missing the borrowers mailing address.  xxxxxx is waiving the guideline requirement Months Of Reserves - Minimum reserve requirement is 12 months. The borrower has 31 months, Years In Residence - Current primary home ownership > 2 years. Cleared Waiver C C B B 2
767055 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 773 61.54 % xxxxxx 234855 Credit VOM According to the underwriting guidelines, a current mortgage/rental history is required for all xxxxxx programs. In addition, any VOM/VOR completed by a private-party seller, or any non-institutional lender must be supported by alternative documentation showing the most recent 6 month history. In this case, the housing history was missing from the loan file for the co-borrower, xxxxxx. 4/6/2021 Documentation to clear condition has been cleared. However, must provided back copy of checks to show when check was cleared.  
4/11/2022:  Received documentation with copy of front and back of check.  However, only 5 months received. Per guidelines, recent most 6 month history required.
04/13/2022: Document provided to clear condition. 		   Cleared Exception C C B B 1
767055 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 773 61.54 % xxxxxx 235272 Property Property Type According to the underwriting guidelines, properties up to xxxxxx acres, not meeting the rural definition are eligible. In this case, the property was located on xxxxxx acres and therefore ineligible.  xxxxxx property an exception dated 03/24/2022 allowing the property acres.  Credit Score - Qualifying score 770 is 90 points greater than the minimum required., LTV - LTV of 61.54% is 13% less than the maximum allowed LTV of 75%. Cleared Waiver C C B B 2
767055 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 773 61.54 % xxxxxx 235273 Credit Asset Verification According to the underwriting guidelines, gift funds are acceptable for investment properties when a minimum 10% of the down payment is made by the from their own funds. In this case, the borrower did not provide at least 10% of the down payment from their own funds.  xxxxxx property an exception dated 03/24/2022 allowing the gift funds.  Credit Score - Qualifying score 770 is 90 points greater than the minimum required., LTV - LTV of 61.54% is 13% less than the maximum allowed LTV of 75%. Cleared Waiver C C B B 2
767055 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 773 61.54 % xxxxxx 235274 Credit Employment-Self Employment According to the underwriting guidelines, when a loan is vested in an entity name, each entity member must completed a 1003 and their credit score, and creditworthiness will be used to determine qualification. In this case, the 3rd member of the LLC is not a borrower and did not provide a 1003 or credit report.  xxxxxx property an exception dated 03/24/2022 allowing the exclusion of the 3rd LLC member.  Credit Score - Qualifying score 770 is 90 points greater than the minimum required., LTV - LTV of 61.54% is 13% less than the maximum allowed LTV of 75%. Cleared Waiver C C B B 2
767057 xxxxxx xxxxxx Purchase Owner Occupied PUD 19 702 80.00 % xxxxxx 234256 Credit Credit - Eligiblity The borrowers contact consent form is missing in the loan file xxxxxx is waiving the guidelines requirement Months Of Reserves - Minimum reserve requirement is 6 months. The borrower has 16 months reserves., DTI - Max DTI is 45%. Borrower DTI is 18.99 Cleared Waiver C C B B 2
767063 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 28.6 0 70.00 % xxxxxx 233372 Credit Credit The credit reference letter from xxxxxx meets all the requirements for qualifying foreign credit except  for the printed Name, title & contact information of the person signing the letter. 03/28/2022: Document provided to clear condition.    Cleared Exception D D A A 1
767063 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 28.6 0 70.00 % xxxxxx 233373 Credit Income According to the guidelines, A letter from employer on company letter head providing current monthly salary, YTD earnings and total earnings for the past 2-years. Letter from employer must be on company letterhead, including address and company web address, Employer to be independently verified (xxxxxx, xxxxxx, xxxxxx, other). All docs must be translated by an independent certified translator. In this case, the employer was not independently verified (LexisNexis, D&B, Google, other). and evidence of income documents translated by an independent certified translator are missing from the file. 03/22/2022: Documentation provided to cure.    Cleared Exception D D A A 1
767063 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 28.6 0 70.00 % xxxxxx 233375 Credit Underwriting Condition Not Met According to the guidelines, the borrower is to provide a third-party document with an address that matches the primary residence on the application e.g., lease agreement, utility bill, financial statement. In this case the borrower's primary residence is listed on the new home insurance policy (for the subject) as the borrower's mailing address. No other primary address verification documentation is in the file. 03/28/2022: Document provided to clear condition.    Cleared Exception D D A A 1
767069 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Single Family Detached 38.7 770 65.00 % xxxxxx 231903 Credit VOM Per guidelines, if a borrower’s mortgage or rental history is not reported on the credit report, a VOM/VOR must be provided. Any VOM/VOR completed by a private-party Seller, or any non-institutional lender must be supported by alternative documentation showing the most recent 6-month history (cancelled checks, mortgage/rental statements including payment history, etc.) must be provided. Missing 6 month payment history for subject. 03/22/2022: VOM received however per the guidelines, any VOM completed by a private party must be supported by alt docs showing the most recent 6 month history.
03/28/2022: xxxxxx acknowledged the exception and accepts with comp factors. 		 Credit Score - 770 Fico., Months Of Reserves - 99 months of reserves. Cleared Waiver C C B B 2
767088 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 744 75.00 % xxxxxx 232994 Credit Asset Verification According to the underwriting guidelines, a minimum 2 months reserves are required for the program. In this case, the file includes assets totaling $173,464.81. The funds required to close are $182,313.45, leaving the borrower short funds to close and 2 months of reserves.  4/6/2022 Print out provided was not sufficient to clear the reserves required.
4/13/2022:  Loan closed on xxxxxx.  As of closing date, assets verified from xxxxxx #xxxxxx on xxxxxx was $10,344.56 and xxxxxx #0243 was $163,120.25 Totaling $173,464.81. Funds required to close are $182,313.45, leaving the borrower short funds to close and 2 months reserves.
4/15/2022:  Per LOE, funds of $16,000 was transferred from xxxxxx #8785 to xxxxxx #0243.   However, per account statement on 2/28/2022 there was only $10,344.56.  Source of $16,000 is unknown.
05/02/2022: xxxxxx approved the exception based on comp factors. 		 Credit Score - Credit score above minimum by 20 points or greater. Cleared Waiver C C B B 2
767110 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 677 65.00 % xxxxxx 235172 Credit VOM The VOR for borrower's primary residence is missing from the loan file.  4/5/2022 Per guidelines, VOR from private-party seller or any non-institutional lender must be supported by alternative documentation showing the most recent 6 month history (cancelled checks, mortgage/rental statements including payment history, etc.) must be provided. Provide documentation to support the most recent 6 month payment history.
4/14/2022:  xxxxxx granted exception for VOR.		 Months Of Reserves - 74 months of reserves., Credit Score - Credit Score 20 + points >minimum required, Product Type - DSCR > 1.3 Cleared Waiver C C B B 2
767110 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 677 65.00 % xxxxxx 235173 Credit Eligibilty According to the underwriting guidelines, first time investors are required to have a minimum qualifying score of 680. In this case the borrower was approved with a 677 credit score.  Exception approval in the loan file.  Months Of Reserves - 74 months of reserves., Credit Score - Credit Score 20 + points >minimum required, Product Type - DSCR > 1.3 Cleared Waiver C C B B 2
767116 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 0 734 47.55 % xxxxxx 233722 Credit Credit - Eligiblity The Borrower's Contact Consent form is missing from the loan file. xxxxxx waiving the guideline requirement. Reserves - 21 months reserves exceed minimum required of 2 months., Credit Score - Credit score of 734 exceeds minimum of 700. Cleared Waiver C C B B 2
767121 xxxxxx xxxxxx Purchase Non-Owner Occupied Condo Attached 0 721 80.00 % xxxxxx 235780 Credit Property Type - Eligibility According to the underwriting guidelines, established condominiums require 40% of the total units in the project be to owner occupied. In this case, according to the Condo Questionnaire, only 31% of the total units are owner occupied, which does not meet the requirements.  4/14/2022 xxxxxx granted exception for ownership percentage  within establish condo projects. Years On Job - 15.5 years self employed and 24 years in the industry, Reserves - Reserves exceed requirement by 10 months or more, Product Type - DSCR > 1.3 Cleared Waiver C C B B 2
767121 xxxxxx xxxxxx Purchase Non-Owner Occupied Condo Attached 0 721 80.00 % xxxxxx 235781 Credit Property Type - Eligibility According to the underwriting guidelines, condominium projects allow single entity ownership up to 20% of the project. In this case, the questionnaire confirms that 1 individual owns 22 units or 25% of the project which exceeds the guidelines.  4/14/2022 xxxxxx granted exception for ownership percentage  within establish condo projects. Years On Job - 15.5 years self employed and 24 years in the industry, Reserves - Reserves exceed requirement by 10 months or more, Product Type - DSCR > 1.3 Cleared Waiver C C B B 2
767124 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 715 75.00 % xxxxxx 238081 Credit Credit - Eligiblity According to the underwriting guidelines, lenders should incorporate the xxxxxx Borrower Contact Consent form in the closing package. In this case, the form is missing from the loan file. xxxxxx waiving the guideline requirement.  Credit Score - The qualifying credit score of 715 is 55 points higher than the minimum required of 660., Years In Residence - Borrower has lived in primary residence for 11yrs. Cleared Waiver C C B B 2
767170 xxxxxx xxxxxx Refi - Cash Out Owner Occupied PUD 45.3 652 65.66 % xxxxxx 235912 Compliance Other This loan failed the charges that cannot increase test. The final CD reflects Discount Point Fee of $2,430.89 and Origination Fee of $8470. Both fees increased from the initial LE. A change of circumstance for the fees were included in the file, however the baselines were not reset as the Revised CD dated xxxxxx was not signed.  Provide proof of receipt for the CD.  Proof of receipt provided.    Cleared Exception C C B B 1
767170 xxxxxx xxxxxx Refi - Cash Out Owner Occupied PUD 45.3 652 65.66 % xxxxxx 235914 Credit Credit - Eligiblity The Borrowers contact consent form is missing from the loan file. xxxxxx is waiving the guideline requirement. Length of Employment - Employed at same job for 4 years, Reduction of total monthly debt obligations - The borrower is paying off $89,105.00 in additional debts. Cleared Waiver C C B B 2
767181 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 22.1 719 90.00 % xxxxxx 233157 Credit VOM Per LOE borrower recently purchased xxxxxx with a private mortgage. However, evidence of this private mortgage is missing from the loan file. Property owned by LLC   Cleared Exception D D A A 1
767181 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 22.1 719 90.00 % xxxxxx 233158 Credit Underwriting Condition Not Met Evidence of Hazard insurance premium missing for investment properties located at xxxxxx. Property owned by LLC.    Cleared Exception D D A A 1
767181 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 22.1 719 90.00 % xxxxxx 233160 Credit Initial 1003 Discrepancies The borrower owns 6 investment properties. However, only one investment property is listed on the final xxxxxx. Properties missing from xxxxxx. Properties owned by LLC.    Cleared Exception D D A A 1
767181 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 22.1 719 90.00 % xxxxxx 233161 Compliance Other Final Closing disclosure is not signed or dated by the borrower.  3/21/2022: Document provided to clear condition.    Cleared Exception D D A A 1
767197 xxxxxx xxxxxx Purchase Owner Occupied PUD 44.5 747 80.00 % xxxxxx 233602 Credit Borrower Eligibilty The Borrower's contact consent form is missing from the loan file xxxxxx waiving the guideline requirement Reserves - Minimum reserve requirement is 6 months . the borrower has 7 month reserves Cleared Waiver C C B B 2
767197 xxxxxx xxxxxx Purchase Owner Occupied PUD 44.5 747 80.00 % xxxxxx 233603 Credit VOM According to the guidelines, Any VOM/VOR completed by a private-party Seller, or any non-institutional lender must be supported by alternative documentation showing the most recent 6-month history (cancelled checks, mortgage/rental statements including payment history, etc.) must be provided. A VOR has been provided, However, the file is missing a copy of the cancelled checks for December 2021 and February 2022. 03/28/2022: Document provided to clear condition.    Cleared Exception C C B B 1
767197 xxxxxx xxxxxx Purchase Owner Occupied PUD 44.5 747 80.00 % xxxxxx 233609 Credit Asset Verification There is a gift letter in the file in the amount of $5000. However proof of funds from the Donor is missing from the file. 03/28/2022: Document provided to clear condition.    Cleared Exception C C B B 1
767203 xxxxxx xxxxxx Purchase Owner Occupied Condo Detached 42.7 724 85.00 % xxxxxx 234453 Compliance Other This loan failed the initial closing disclosure delivery date test as the receipt date is less than three business days before consummation. Documentation provided to clear condition.    Cleared Exception C C A A 1
767256 xxxxxx xxxxxx Refi - Cash Out Owner Occupied PUD 36.2 634 70.00 % xxxxxx 233771 Credit Hazard Insurance Homeowners Insurance Declaration page is missing from the file. The documents provided are the invoice and the replacement cost estimator. 04/04/2022: Document provided to clear condition.    Cleared Exception C C A A 1
767256 xxxxxx xxxxxx Refi - Cash Out Owner Occupied PUD 36.2 634 70.00 % xxxxxx 233775 Credit Credit - Eligiblity According to the guidelines, Individual collection and non-mortgage charge-off accounts equal to or greater than $250, and accounts that total more than $2,000, must be paid in full prior to or at closing. In this case the following collections are showing on credit and only a letter of explanation has been provided. The following collections/charge-offs are currently reported as outstanding. xxxxxx $2435; xxxxxx $987 xxxxxx $664; xxxxxx $316; xxxxxx $274; xxxxxx $156 04/04/2022: Document provided to clear condition.    Cleared Exception C C A A 1
767256 xxxxxx xxxxxx Refi - Cash Out Owner Occupied PUD 36.2 634 70.00 % xxxxxx 233776 Credit Credit - Eligiblity According to the guidelines, All open judgments, garnishments, and all outstanding liens must be paid off prior to or at loan closing. In this case the following judgments are showing on title: xxxxxxx $976.923; xxxxxx $1,867.72; xxxxxx $4,762.98  04/04/2022: Document provided to clear condition.    Cleared Exception C C A A 1
767263 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 45.5 685 90.00 % xxxxxx 233728 Credit Asset Verification According  to the underwriting guidelines, 12 months PITI reserves are required with LTV at 90%. In this case the verified assets show only 0.65 months reserves. 04/25/2022: Cleared exception granted.  Credit History - Borrower has no public records, Prior Housing History - Current primary home ownership 2.5 years  Cleared Waiver C C B B 2
767263 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 45.5 685 90.00 % xxxxxx 233729 Credit Credit - Eligiblity The Borrower's consent is missing form is missing from the loan file xxxxxx is waiving guideline requirement Credit History - Borrower has no public records, Prior Housing History - Current primary home ownership 2.5 years  Cleared Waiver C C B B 2
767263 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 45.5 685 90.00 % xxxxxx 233736 Credit Underwriting Condition Not Met Per final approval from the underwriter, 2 documents evidencing residence at xxxxxx (ie. Utility bills, credit card statements etc.) are to be provided at close. In this case the requested documents are missing from the file 03/31/2022: Documentation provided to cure.    Cleared Exception C C B B 1
767267 xxxxxx xxxxxx Purchase Non-Owner Occupied Mixed Use 0 776 75.00 % xxxxxx 235031 Property Property Type - Eligibility According to the underwriting guidelines, xxxxxx have a minimum sqaure footage of xxxxxx In this case some of the units are slightly below xxxxxx  Exception approval in the loan file.  Credit Score - Qualifying score is 776 and the minimum required FICO is 700, Reserves - 35.35 months of reserves Cleared Waiver C C B B 2
767284 xxxxxx xxxxxx Purchase Owner Occupied PUD 30.1 706 85.00 % xxxxxx 234796 Credit Income - Self Employment According to the underwriting guidelines, the maximum allowed DTI for the program is 45%. Based on the bank statements provided, the borrower's audited calculated income is $687.52 per month resulting in a 116.81% DTI. The majority of the deposits are bank transfers from other accounts and cash advances. Also there is an inconsistent deposit of $165,000 on xxxxxx  from a trust that is not addressed by the underwriter. This was not included in the audited calculation. The transfers from the business account ending in 4815 were included however the transfers from the joint personal account ending 9830 were not included in the income calculation.  4/15/2022:   Added $168,000 back into deposit.  Total net deposit is $18,33.87/ 24 months subtract 50% for expense and total is $381.96 per month.  DTI remains above max @ $111.59%.  
4/22/2022:  Documentation received to clear condition.		   Cleared Exception D D A A 1
767284 xxxxxx xxxxxx Purchase Owner Occupied PUD 30.1 706 85.00 % xxxxxx 234802 Credit VOM According to the guidelines, If a borrower’s mortgage or rental history is not reported on the credit report, a VOM/VOR must be provided. Any VOM/VOR completed by a private-party Seller, or any non-institutional lender must be supported by alternative documentation showing the most recent 6-month history. In this case the file contains a lease agreement with a history of payments to the landlord that are not consistent with the monthly lease payment. An exception request is in the file. However, proof the exception was granted is not present.  4/12/2022:  Documentation received to clear condition.   Cleared Exception D D A A 1
767284 xxxxxx xxxxxx Purchase Owner Occupied PUD 30.1 706 85.00 % xxxxxx 234805 Credit Asset Verification According to the guidelines, the minimum reserve requirement on xxxxxx Prime with 85% LTV purchase is 6 months. In this case the borrower has 3.40 months reserves 4/19/2022:  Documentation received to clear condition.   Cleared Exception D D A A 1
767284 xxxxxx xxxxxx Purchase Owner Occupied PUD 30.1 706 85.00 % xxxxxx 237508 Credit Income Provide evidence of CPA business.   Per guidelines, credit file must contain documentation showing evidence of the preparers business. 04/26/2022: Documentation provided to cure.    Cleared Exception D D A A 1
767293 xxxxxx xxxxxx Rate Term Refi Non-Owner Occupied Single Family Attached 0 682 67.69 % xxxxxx 235932 Credit Asset Verification According to the underwriting guidelines, 2 months of reserves is required for a single investment loan. In this case, the file is missing verification of assets to meet the reserve requirement.  4/14/2022:  Documentation  received to clear condition.   Cleared Exception C C A A 1
767293 xxxxxx xxxxxx Rate Term Refi Non-Owner Occupied Single Family Attached 0 682 67.69 % xxxxxx 235933 Credit Credit A payoff statement is missing from the loan file. 4/14/2022;  Documentation received to clear condition.   Cleared Exception C C A A 1
767302 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 780 64.97 % xxxxxx 234369 Credit Credit - Eligiblity Per the appraisal, the subject property is tenant occupied. The file is missing a current lease agreement. 04/02/2022: 1007 provided to cure.    Cleared Exception C C A A 1
767302 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 780 64.97 % xxxxxx 234371 Credit Title Commitment Title Commitment does not reflect a proposed loan amount and proposed lender. Amended escrow instructions were provided. However this file is missing a supplement to the title commitment.  4/4/2022 Documentation received to clear condition.   Cleared Exception C C A A 1
767307 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Condo Attached 0 721 75.00 % xxxxxx 235879 Credit Debt Service Coverage Ratio According to the underwriting guidelines, cross collateralized loans have a minimum DSCR requirement of 1.20. In this case the DCR is 1.03. An exception approval is in the loan file. Exception request approved in loan file.  Credit Score - Qualifying score is 721 minimum requirement is 700, Reserves - 74 moths reserves Cleared Waiver D D B B 2
767307 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Condo Attached 0 721 75.00 % xxxxxx 235880 Credit Condo/PUD According to the underwriting guidelines, Condominium established projects require 40% of the total units in the project to be owner occupied. In this case, the condominium property questionnaire for xxxxxx has 31% total units that are owner occupied. An exception approval is in the loan file. Exception approval in the loan file.  Credit Score - Qualifying score is 721 minimum requirement is 700, Reserves - 74 moths reserves Cleared Waiver D D B B 2
767307 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Condo Attached 0 721 75.00 % xxxxxx 235881 Credit Condo/PUD According to the underwriting guidelines, Condominium projects allow single entity ownership up to 20% of the project. In this case, the questionnaire for xxxxxx confirms that 1 individual owns 22 units or 25% of the project which exceeds the guidelines.  4/19/2022:  xxxxxx granted exception for percentage of ownership in Condo project. Credit Score - Qualifying score is 721 minimum requirement is 700, Reserves - 74 moths reserves Cleared Waiver D D B B 2
767307 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Condo Attached 0 721 75.00 % xxxxxx 235887 Credit Credit Report The credit reports are missing from the loan file.  4/19/2022:  Documentation received to clear condition.   Cleared Exception D D B B 1
767307 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Condo Attached 0 721 75.00 % xxxxxx 235890 Credit Eligibilty According to the underwriting guidelines, rural properties are not allowed for DSCR loans. In this case, xxxxxx is listed as a rural property on the appraisal.  4/19/2022:  Documentation received to clear condition.   Cleared Exception D D B B 1
767307 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Condo Attached 0 721 75.00 % xxxxxx 235893 Credit Employment A Certificate of Authorization for the person executing all documents on behalf of the Entity is missing from the loan file.
 4/19/2022:  Documentation received to clear condition.    Cleared Exception D D B B 1
767310 xxxxxx xxxxxx Purchase Owner Occupied Condo Attached 30.3 783 90.00 % xxxxxx 235396 Credit LTV According to the guidelines, max LTV for Condos is 85%. In this case the LTV is 90% xxxxxx provided an exception allowing the LTV.  LTV - LTV/CLTV 10% or more below the maximum allowed under applicable guidelines, Credit Score - Credit Score 20+ points > minimum required, Months Of Reserves - Minimum reserve requirement is 6 months. The borrower has 68 months Cleared Waiver C C B B 2
767313 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 762 75.00 % xxxxxx 233601 Property Appraisal - Reconciliation/Adjustments According to the underwriting guidelines, CU/ LCA scores that exceeds a 2.5 score require a second appraisal or desk review appraisal from a different appraiser and company. In this case, the SSR risk score is 3.1.  03/29/2022: Document provided to clear condition.    Cleared Exception C C B B 1
767313 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 762 75.00 % xxxxxx 234036 Credit VOM A Verification of Mortgage (VOM) and/or the mortgage payment history for the borrower's primary residence is missing from the loan file. 03/29/2022: Document provided to clear condition.    Cleared Exception C C B B 1
767313 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 762 75.00 % xxxxxx 234038 Credit Credit - Eligiblity The Borrower's Contact Consent form is missing from the loan file.  xxxxxx waiving the guideline requirement. Credit Score - Qualifying score is 762, Reserves exceed requirement. Cleared Waiver C C B B 2
767313 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 762 75.00 % xxxxxx 234039 Credit Credit - Eligiblity The Borrower Certification of Business Purpose form is missing fron the loan file.
03/29/2022: Document provided to clear condition.    Cleared Exception C C B B 1
767319 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 762 75.00 % xxxxxx 234535 Property Appraisal According to the underwriting guidelines, a CU/LCA score exceeding 2.5 requires a field review or second appraisal from a different appraisal company and appraiser. In this case the SSR risk score is 2.6 and a second appraisal or field review is missing from the loan file.  04/02/2022: Documentation provided to cure.    Cleared Exception C C A A 1
767336 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 45.8 721 80.00 % xxxxxx 232857 Credit Total Debt Ratio According to the underwriting guidelines, the maximum allowed DTI for a first time homebuyer is 45%. In this case, the loan has 45.77% DTI which exceeds the guidelines.  xxxxxx acknowledged the exception and accepted with comp factors. Length of Employment - Borrower has been in same line of work 12 years., Months Of Reserves - 13 months of reserves. 6 months required.  Cleared Waiver C C B B 2
767338 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 643 58.58 % xxxxxx 232277 Credit Credit - Eligiblity According to the underwriting guidelines, the Borrower's Contact Consent form is required in the loan file. In this case, the document is missing.
 xxxxxx waiving the guideline requirement.  LTV - 58.58%, Reserves - 51 months Cleared Waiver C C B B 2
767338 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 643 58.58 % xxxxxx 232281 Credit VOM According to the underwriting guidelines, a 12 month housing history of the borrower's primary residence is required in the loan file. In this case, the documents are missing.  03/28/2022: Document provided to clear condition.    Cleared Exception C C B B 1
767341 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Single Family Detached 39 744 27.06 % xxxxxx 234763 Credit Underwriting Condition Not Met A LOE explaining the use of loan proceeds is missing from the file. 04/02/2022: Documentation provided to cure.    Cleared Exception C C B B 1
767341 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Single Family Detached 39 744 27.06 % xxxxxx 234764 Credit Credit - Eligiblity The borrower's contact consent is missing from the loan file xxxxxx is waiving the guideline requirement LTV - Max LTV is 85%. Loan LTV is 27.06%, Prior Mortgage History - Experienced investor owns  5 properties    , Months Of Reserves - Minimum reserve requirement is 6 months. The borrower has 24 months reserves Cleared Waiver C C B B 2
767341 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Single Family Detached 39 744 27.06 % xxxxxx 234765 Credit Title Commitment Title Commitment with all schedules and 24 month chain of title is missing from the loan file 4/5/2022 Documentation received to clear condition.   Cleared Exception C C B B 1
767369 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Three-Unit Property 0 763 75.00 % xxxxxx 233216 Credit Title Policy Title Policy indicates proposed loan amount of xxxxxx The file is missing a title supplement with the correct loan amount of xxxxxx 3/23/2022: Document provided to clear condition.    Cleared Exception C C A A 1
767375 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 753 80.00 % xxxxxx 233163 Credit Credit - Eligiblity According to the underwriting guidelines, lenders should incorporate the xxxxxx Borrower Contact Consent form in the closing package. In this case, the form is missing from the loan file.  xxxxxx waiving the condition.  Credit Score - Qualifying credit score 753 Cleared Waiver D D B B 2
767376 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 684 75.00 % xxxxxx 233195 Credit Credit - Eligiblity The Borrower's Contact Consent form is missing from the loan file.
 xxxxxx waiving the guideline requirement.  Reserves - Borrower has 15 months of reserves Cleared Waiver C C B B 2
767377 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 723 80.00 % xxxxxx 233343 Credit VOM According to the final 1003, the borrower is renting his primary residence. However, a retal payment is not indicated on the application. A VOR or rent free letter is missing from the file 4/18/2022:  xxxxxx granted exception for primary residence housing history. Credit Score - Credit score is 23 points above 700 , Reserves - 10 month reserves > minimum required, Prior Mortgage History - 0x30 for 24 months on all mortgages Cleared Waiver D D B B 2
767377 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 723 80.00 % xxxxxx 233346 Credit Other According to the guidlines, All xxxxxx files require a Borrower contact consent form. The borrower's contact consent form is missing from the loan file xxxxxx waived the guideline requirement.  Credit Score - Credit score is 23 points above 700 , Reserves - 10 month reserves > minimum required, Prior Mortgage History - 0x30 for 24 months on all mortgages Cleared Waiver D D B B 2
767378 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 779 75.00 % xxxxxx 233015 Credit Asset Verification According to the underwriting guidelines, 2 months of reserves are required for the program. In this case, the audited assets prior to close total $113,201.86 which equals to 1.97 months of reserves.  04/01/2022: Documentation provided to cure.    Cleared Exception C C A A 1
767379 xxxxxx xxxxxx Purchase Non-Owner Occupied Three-Unit Property 0 710 75.00 % xxxxxx 232292 Credit Initial 1003 The initial 1003 is not included in the loan file. 03/28/2022: Document provided to clear condition.    Cleared Exception C C A A 1
767381 xxxxxx xxxxxx Rate Term Refi Non-Owner Occupied Single Family Detached 0 698 70.00 % xxxxxx 233442 Credit Credit - Eligiblity The Borrower's Contact Consent form is missing from the loan file.  xxxxxx waiving the guideline requirement.  Reduction of total monthly debt obligations - Rate and Term Refi payment reduction >= 10% Cleared Waiver C C B B 2
767381 xxxxxx xxxxxx Rate Term Refi Non-Owner Occupied Single Family Detached 0 698 70.00 % xxxxxx 233475 Credit Borrower Eligibilty According to the underwriting guidelines, a 5% LTV reduction is required if the appraisal reflects any vacant units. In this case, the maximum allowed LTV after the reduction was 65%. In this case, the loan was qualified with a 70% LTV.  03/28/2022: The DSCR is less than 1 so the max LTV for a borrower with a min 660 Fico for a rate and term is 70%. After the deduction the max would be 65%.
4/7/2022:  xxxxxx exception given for LTV		 Reduction of total monthly debt obligations - Rate and Term Refi payment reduction >= 10% Cleared Waiver C C B B 2
767383 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 0 731 75.00 % xxxxxx 232438 Credit Asset Verification According to the underwriting guidelines a copy of the Entity Articles of Organization, Partnership, and Operating Agreements is required in the loan file when business bank statements are used to qualify. In this case, business assets were used, but the documents required are missing.
03/29/2022: Document provided to clear condition.    Cleared Exception C C B B 1
767383 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 0 731 75.00 % xxxxxx 232441 Credit Credit - Eligiblity According to the underwriting guidelines, a copy of the Borrower's Contact Consent form is required in the loan file. In this case, the document is missing.
 xxxxxx waiving the guideline requirement.  Credit Score - 731 (31 pts above min), Reserves - Greater than 12 months.
Cleared Waiver C C B B 2
767417 xxxxxx xxxxxx Purchase Non-Owner Occupied Condo Attached 30.2 694 80.00 % xxxxxx 236935 Credit Income According to the guidelines, one (1) or more (Non-sufficient funds (NSF) or negative balances) occurrences in the most recent two-month time period, up to three (3) occurrences are allowed in the most recent 12 month time period. In this case, there are 4 NSFs in the most recent month, and 23-NSFs overall in the12 months of statements. An exception was included in the file allowing the NSF charges.  Months Of Reserves - Minimum reserve requirement is 6 months. The borrower has 38 months reserves, DTI - The minimum DTI is 50%. The borrrower DTI is 32.73% Cleared Waiver C C B B 2
767417 xxxxxx xxxxxx Purchase Non-Owner Occupied Condo Attached 30.2 694 80.00 % xxxxxx 236936 Credit Property Type - Eligibility According to the guidelines, A Condo project that includes registration services and offers rentals of units on a daily, weekly, or monthly basis are ineligible. In this case the Condo project allows for short term rentals as noted in the Condo questionnaire. An exception dated 03/30/2022 was included in the loan file allowing the condo.  Months Of Reserves - Minimum reserve requirement is 6 months. The borrower has 38 months reserves, DTI - The minimum DTI is 50%. The borrrower DTI is 32.73% Cleared Waiver C C B B 2
767417 xxxxxx xxxxxx Purchase Non-Owner Occupied Condo Attached 30.2 694 80.00 % xxxxxx 236942 Credit Title Commitment Title Commitment is missing from the loan file. The policy in the file is for the Condo property located at xxxxxx 04/26/2022: Documentation provided to cure.    Cleared Exception C C B B 1
767417 xxxxxx xxxxxx Purchase Non-Owner Occupied Condo Attached 30.2 694 80.00 % xxxxxx 236943 Credit Credit Missing Documentation of principle, interest, taxes, and insurance on properties located at xxxxxx and xxxxxx, both of which were recently financed with xxxxxx. 4/28/2022:  Received CD for xxxxxx, however, xxxxxx is still missing.   The attached CD was for the subject which is xxxxxx.
5/02/20-22:  Documentation received to clear condition.		   Cleared Exception C C B B 1
767425 xxxxxx xxxxxx Purchase Non-Owner Occupied Condo Attached 26.1 694 80.00 % xxxxxx 236766 Credit Income According to the guidelines, If there are one (1) or more occurrences in the most recent two-month time period, up to three (3) occurrences are allowed in the most recent 12-month time period. In this case,  there are 4 NSFs in the most recent month, and 23-NSFs overall in the 12-month's of statements An exception was included in the file allowing the NSF charges.  Months Of Reserves - Minimum reserve requirement is 6 months. Borrower has 37 months Cleared Waiver D D B B 2
767425 xxxxxx xxxxxx Purchase Non-Owner Occupied Condo Attached 26.1 694 80.00 % xxxxxx 236772 Credit Property Type - Eligibility According to the guidelines, A Condo project that includes registration services and offers rentals of units on a daily, weekly, or monthly basis are ineligible. In this case the Condo project allows for short term rentals as noted in the Condo questionnaire.  An exception dated 03/30/2022 was included in the file allowing the property.  Months Of Reserves - Minimum reserve requirement is 6 months. Borrower has 37 months Cleared Waiver D D B B 2
767425 xxxxxx xxxxxx Purchase Non-Owner Occupied Condo Attached 26.1 694 80.00 % xxxxxx 236773 Credit Rental Income The documentation verifying the PITI for the property listed on the 1003 as an investment property xxxxxx is missing from the loan file.  4/27/2022:   Received final CD and note that verified principle and interest, taxes and insurance, for xxxxxx.  However, final CD shows HOA.  Must provide HOA statement.
5/3/2022:  Documentation received to clear condition.		   Cleared Exception D D B B 1
767426 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 44.8 732 90.00 % xxxxxx 233532 Compliance Other The Homeownership Counseling Disclosure document is missing from the loan file.  03/28/2022: Document provided to clear condition.    Cleared Exception C C B B 1
767426 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 44.8 732 90.00 % xxxxxx 233538 Credit VOM According to the guidelines; Any VOM/VOR completed by a private-party Seller, or any non-institutional lender must be supported by alternative documentation showing the most recent 6-month history (cancelled checks, mortgage/rental statements including payment history, etc.). In this case only a 5 month history has been provided 03/28/2022: Document provided to clear condition.    Cleared Exception C C B B 1
767426 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 44.8 732 90.00 % xxxxxx 233541 Credit Credit - Eligiblity The Borrower's contact consent form is missing from the loan file xxxxxx waiving the guideline requirement Type of Employment (Salaried vs. Self Employed) - Credit Score 10+ points > minimum required, Type of Employment (Salaried vs. Self Employed) - Self-employed for 4 years Cleared Waiver C C B B 2
767452 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Condo Attached 0 696 72.88 % xxxxxx 235202 Credit LTV According to the underwriting guidelines, for properties owned less than 12 months, the transaction property value is limited to the lower of the current appraised value or the property's purchase price. In this case, the property was purchased on xxxxxx for xxxxxx. The LTV using the original purchase price is 87.76% exceeding the guideline maximum of 70%. The LTV using the appraised value is 72.88%.  xxxxxx waiving the guideline requirement allowing the use of the appraised value and the LTV. Credit History - No derogatory credit history, Months Of Reserves - 127 months of reserves., Credit Score - 696 Fico is greater than 30 points more than the minimum. Cleared Waiver C C B B 2
767452 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Condo Attached 0 696 72.88 % xxxxxx 235204 Credit Eligibilty According to the underwriting guidelines, cash out seasoning of 6 months or less is only allowed if seller has documented that borrower acquired the property through divorce, separation or dissolution of a domestic partnership. In this case, the loan does not meet the guideline requirements.  xxxxxx waiving the guideline requirement with compensating factors.  Credit History - No derogatory credit history, Months Of Reserves - 127 months of reserves., Credit Score - 696 Fico is greater than 30 points more than the minimum. Cleared Waiver C C B B 2
767468 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 41.5 800 80.00 % xxxxxx 234623 Credit Title Commitment Title Commitment is missing Schedule A with Proposed borrower, loan amount, and lender. A title supplement to the commitment is not in the file 04/04/2022: Documentation provided to cure.    Cleared Exception C C A A 1
767494 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Single Family Detached 39.4 796 42.16 % xxxxxx 232575 Compliance Closing Disclosure The initial CD is missing from the loan file.  03/30/2022 - Document provided to cure.   Cleared Exception C C B B 1
767494 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Single Family Detached 39.4 796 42.16 % xxxxxx 232578 Credit Employment Verbal Verification of Employment dated within 5-days of the Note Date is not located in the loan file. Please provide the Verbal Verification of Employment obtained within 5-days of the Note Date for our review. 03/30/2022 - The VOEs provided are not dated within 5 dates of the Note date, however, they are 19 and 20 days within the date of the Note. xxxxxx - The Note date is xxxxxx and the VOE must be within 5 days of the Note date (i.e. no earlier than xxxxxx and no later than xxxxxx).
04/15/2022: xxxxxx waiving with compensating factors. 		 Credit Score - The qualifying credit score of 782 is 142 points higher than the minimum required of 640., LTV - The LTV of 42.16 is 17.84 lower than the maximum allowed of 60%. Cleared Waiver C C B B 2
767494 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Single Family Detached 39.4 796 42.16 % xxxxxx 233364 Compliance Other The Homeownership Counseling Disclosure document is missing from the loan file. 03/30/2022 - Document provided to cure.   Cleared Exception C C B B 1
767494 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Single Family Detached 39.4 796 42.16 % xxxxxx 234703 Compliance Other This loan failed the revised closing disclosure delivery date test (waiting period required). The initial CD reflects the interest rate as 4% with a 4.142% APR, however the final CD reflects the interest Rate as 4.875% with a 5.004% APR. Changes before consummation would require a new waiting period which was not indicated in the file.  04/15/2022: The CD dated xxxxxx was provided. Could you provide proof receipt to clear the condition.  
04/21/2022: Document provided to clear condition. 		   Cleared Exception C C B B 1
767495 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Condo Attached 0 0 70.00 % xxxxxx 232532 Credit Underwriting Condition Not Met Underwriting Condition not in Loan File. According to the guidelines, when a loan is closing in an LLC a copy of the LLC's good standing must be provided. Provide a copy of the LLC's good standing for our review. 03/30/2022 - Document provided to cure.   Cleared Exception C C B B 1
767495 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Condo Attached 0 0 70.00 % xxxxxx 232535 Credit VOM The Verification of Mortgage (VOM) and/or the mortgage payment history xxxxxx (which is found on the insurance policy) for the last 12 months is not in the loan file. Please provide a VOM for the noted property for our review. 03/22/2022: Waived with verified compensating factors.  Months Of Reserves - The borrower has 16.16 more months of reserves than the minimum required of 3 months., Years In Residence - The borrower has been in their current residence for over 10 years. Cleared Waiver C C B B 2
767495 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Condo Attached 0 0 70.00 % xxxxxx 232536 Credit Income The rental income documentation is not in the file. The underwriter used rental income of $5800 per month for the subject loan, however, the lease agreement is not located in the loan file. Please provide lease agreement to support rental income for our review. 03/30/2022 - Document provided to cure.   Cleared Exception C C B B 1
767495 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Condo Attached 0 0 70.00 % xxxxxx 232537 Credit Note The Note reflects that a late charge will be assessed at the end of the 5th calendar day with a late charge of 10% of such installment. The TIL reflects a late charge will be assessed at the end of the 15th calendar day with a late charge of 5% of the principal and interest overdue. Provide satisfactory evidence of the correct late charge for our review. 04/02/2022 - Per the client -- Servicer will apply state laws where applicable, please waive Months Of Reserves - The borrower has 16.16 more months of reserves than the minimum required of 3 months., Years In Residence - The borrower has been in their current residence for over 10 years. Cleared Waiver C C B B 2
767498 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 717 49.84 % xxxxxx 233045 Credit Note The Note reflects that a late charge will be assessed at the end of the 5th calendar day with a late charge of 10% of such installment or other amount due. The Federal Truth-In-Lending reflects that a late charge will be assessed on the 15th day with a 5% charge of the principal and interest overdue. Provide satisfactory evidence of which late charge and amount is accurate for our review. 04/02/2022 - Per the client -- Servicer will apply state laws where applicable, please waive Months Of Reserves - The borrower has 120.46 more months of reserves than the minimum required of 6 months., Credit Score - The qualifying credit score of 717 is 117 points higher than the minimum required of 600. Cleared Waiver D D B B 2
767499 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 791 80.00 % xxxxxx 232685 Credit LTV LTV is >70% and ineligible. The loan file contains an Exception for the zoning description and zoning compliance are all none or no as it is a new build. Additionally, the property is a rural property and per the guidelines the max LTV for a rural property is capped at 70%. Furthermore, the LTV is to be lowered an additional 5% due to the unit being vacant, making the maximum LTV allowed of 65%. Client granted an exception allowing the zoning and LTV. Months Of Reserves - The borrowers have 3 more months than the required 6 months., Credit Score - The qualifying credit score of 791 is 131 points higher than the minimum required of 660. Cleared Waiver C C B B 2
767499 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 791 80.00 % xxxxxx 233365 Property Appraisal The UCDP Submission Summary Report (SSR) is not included in the loan file. According to the guidelines, the Broker/Originator must validate the appraisal by obtaining a desktop valuation analysis from an approved Redstone vendor and include it in the Loan Delivery Submission package if the SSR score is higher than 2.5, however, in this case there is no SSR located in the loan file. Please provide the SSR for our review, if the score is higher than 2.5 provide an enhanced desk review product from one of the following choices: ARR from Pro Teck, CDA from Clear Capital, or ARA from Computershare for our review as well. 04/07/2022 - Document provided to cure.   Cleared Exception C C B B 1
767501 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 791 70.00 % xxxxxx 233357 Credit Debt Service Coverage Ratio Per the guidelines, loan amount xxxxxx require DSCR Ration >1.50, calculated DSCR is 1.19.
                                                                                                   		 The seller granted an exception for the loan amount being below the min xxxxxx.  Credit Score - 791 Credit Score, Product Type - 1.19 DSCR- 1st time investor Cleared Waiver C C B B 2
767501 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 791 70.00 % xxxxxx 233393 Credit Deed of Trust / Mortgage The Deed of Trust/Mortgage discloses a Prepayment Penalty Rider, which is not in the loan file.   04/11/2022 - Document provided to cure.   Cleared Exception C C B B 1
767501 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 791 70.00 % xxxxxx 233395 Credit Note The late fee on the note does not match the late fee disclosed on the borrower executed TIL.   04/02/2022 - Per the client -- Servicer will apply state laws where applicable, please waive Credit Score - 791 Credit Score, Product Type - 1.19 DSCR- 1st time investor Cleared Waiver C C B B 2
767503 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 48.9 764 80.00 % xxxxxx 233347 Credit Credit A credit related document is not included in the loan file. The PITIA for the following properties was not located in the loan file: xxxxxx. Provide satisfactory evidence of the PITIA for the mentioned properties for our review as the DTI is pending until they are reviewed. 03/30/2022 - The PITIA for xxxxxx was provided, however, the PITIA for xxxxxx for our review as the DTI is still pending. 04/11/2022 - Document provided to cure.   Cleared Exception C C B B 1
767503 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 48.9 764 80.00 % xxxxxx 233348 Credit VOM The Verification of Mortgage (VOM) and/or the mortgage payment history on xxxxxx for xxxxxx and xxxxxx for xxxxxx for the last 12 months is not in the loan file. Please provide a VOM for the noted properties for our review. 03/22/2022: Waived with verified compensating factors.  Credit Score - The qualifying credit score of 764 is 104 points higher than the minimum required of 660., Months Of Reserves - The borrower has 183.83 more months of verified reserves than the required 3 months minimum. Cleared Waiver C C B B 2
767508 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied PUD - Existing 0 772 75.00 % xxxxxx 233140 Credit Underwriting Condition Not Met Underwriting Condition not in Loan File. According to the guidelines if a loan is vested in an Entity, the following Entity documentation must be provided: Entity Articles of Organization, Partnership, and Operating Agreements, if any
Corporate documents that contain a list of owners along with titles
Tax Identification Number (Employer Identification Number - EIN)
Certificate of Good Standing or equivalent
Foreign LLC Certificate of Good Standing or equivalent if entity not formed in subject property state
Certificate of Authorization for the person executing all documents on behalf of the Entity
Borrowing Certificate (LLC Borrowing Certificate - Single Member or LLC Borrowing Certificate-Multiple Member).
In this case the file is missing the Certificate of Good Standing or equivalent and LLC Borrowing Certificate-Multiple Member. Provide the Certificate of Good Standing or equivalent and LLC Borrowing Certificate-Multiple Member for our review.		 03/30/2022 - Document to cure everything but the Good Standing documents. Provide a copy of the Good Standing or equivalent for our review. 04/15/2022 - Provide the Good Standing or equivalent for our review.
4/19/2022 - Documentation received to clear condition.		   Cleared Exception D D B B 1
767508 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied PUD - Existing 0 772 75.00 % xxxxxx 233141 Credit VOM The Verification of Mortgage (VOM) and/or the mortgage payment history on xxxxxx for the time frame of xxxxxx and xxxxxx for the last 12 months is not in the loan file. Please provide a VOM for the noted accounts for our review. 04/15/2022 - Provide the xxxxxx for the time frame of xxxxxx.
4/19/2022:  xxxxxx waiving exception for VOM and payment history.		 Months Of Reserves - The borrower has 110.05 more months of reserves than the required amount of 6 months., Credit Score - The qualifying credit score of 772 is 112 points higher than the required of 660. Cleared Waiver D D B B 2
767508 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied PUD - Existing 0 772 75.00 % xxxxxx 233142 Credit Note The Note reflects that a late charge will be assessed at the end of the 5th day with a late charge equal to ten percent (10%) of such installment. The TIL (Federal Truth-In-Lending) reflects the following: “LATE CHARGE: if a payment is more than 15 days late, you will be charged 5.000% of the principal and interest overdue”. Provide clarification as to which one is accurate for our review. 04/02/2022 - Per the client -- Servicer will apply state laws where applicable, please waive Months Of Reserves - The borrower has 110.05 more months of reserves than the required amount of 6 months., Credit Score - The qualifying credit score of 772 is 112 points higher than the required of 660. Cleared Waiver D D B B 2
767508 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied PUD - Existing 0 772 75.00 % xxxxxx 233149 Credit Program Eligibilty According to the guidelines all members of the LLC must apply and qualify for the loan if it is being vested into an LLC. In this case one of the LLC members refuses to be on the loan but there is an approved exception located in the loan file. Seller granted an exception allowing the guideline deviation.   Months Of Reserves - The borrower has 110.05 more months of reserves than the required amount of 6 months., Credit Score - The qualifying credit score of 772 is 112 points higher than the required of 660. Cleared Waiver D D B B 2
767511 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 41.8 652 80.00 % xxxxxx 232883 Credit Funds to Close According to the guidelines for a loan approved on a Profit & Loss Statement, the borrower is to provide a  A minimum 2-months of business bank statements covering the most recent 2-month period. In this case, the borrower is self-employed, according to the CPA, the borrower files a Schedule C, however, the loan file does not contain 2 months bank statements only 1 month bank statement has been provided.  04/07/2022 - Please provide the date of the guidelines referenced here for only needing 1 month as the guidelines dated xxxxxx state 2 months are required. 04/15/2022 - Document provided to cure.   Cleared Exception C C B B 1
767511 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 41.8 652 80.00 % xxxxxx 232884 Credit FICO The lowest representative FICO score, of all qualifying borrowers, does not meet the minimum FICO credit score requirement(s) per guidelines. According to the xxxxxx Matrix (the loan approval and the lock reflects the loan was underwritten to the xxxxxxx program), a FTHB minimum required credit score is 660.  03/22/2022: Waived with verified compensating factors.  DTI - The qualifying DTI of 41.76% is 3.24 points lower than the maximum allowed of 45%., Years In Residence - The borrower has been living in the current residence for over 6 years. Cleared Waiver C C B B 2
767511 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 41.8 652 80.00 % xxxxxx 232885 Credit Loan Amount According to the xxxxxx Matrix (the loan approval and the lock reflects the loan was underwritten to the xxxxxxx program), for a qualifying credit score of 652 with an LTV of 80%, the maximum loan amount is xxxxxx. In this case the loan closed with a loan amount of xxxxxx.  03/22/2022: Waived with verified compensating factors.  DTI - The qualifying DTI of 41.76% is 3.24 points lower than the maximum allowed of 45%., Years In Residence - The borrower has been living in the current residence for over 6 years. Cleared Waiver C C B B 2
767511 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 41.8 652 80.00 % xxxxxx 232886 Credit Underwriting Condition Not Met Underwriting Condition not in Loan File. According to the First Time Home Buyer guidelines (4.4.3 - First Time Home Buyers) the payment shock with a >36% DTI is 300%.  03/22/2022: Waived with verified compensating factors.  DTI - The qualifying DTI of 41.76% is 3.24 points lower than the maximum allowed of 45%., Years In Residence - The borrower has been living in the current residence for over 6 years. Cleared Waiver C C B B 2
767512 xxxxxx xxxxxx Purchase Non-Owner Occupied DO NOT USE - 2-4 Family 0 776 69.58 % xxxxxx 233244 Credit Note The Note reflects that a late charge will be assessed at the end of the 5th day with a late charge equal to ten percent (10%) of such installment. The TIL (Federal Truth-In-Lending) reflects the following: “LATE CHARGE: if a payment is more than 15 days late, you will be charged 5.000% of the principal and interest overdue”. Provide clarification as to which one is accurate for our review. 04/02/2022 - Per the client -- Servicer will apply state laws where applicable, please waive Credit Score - The qualifying credit score of 776 is 116 points higher than the minimum required of 660., Months Of Reserves - The borrower has 5.6 more months of reserves verified than the required minimum of 3 months. Cleared Waiver D D B B 2
767513 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied DO NOT USE - 2-4 Family 0 792 51.06 % xxxxxx 232772 Credit Note / Deed of Trust / Mortgage Executed Deed of Trust/Mortgage is not included in the loan file. Please provide a complete copy of the Executed Deed of Trust/Mortgage for our review. 04/07/2022 - Document provided to cure.   Cleared Exception D D B B 1
767513 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied DO NOT USE - 2-4 Family 0 792 51.06 % xxxxxx 233097 Credit Note The Note reflects that a late charge will be assessed at the end of the 5th day with a late charge equal to ten percent (10%) of such installment. The TIL (Federal Truth-In-Lending) reflects the following: “LATE CHARGE: if a payment is more than 15 days late, you will be charged 5.000% of the principal and interest overdue”. Provide clarification as to which one is accurate for our review. 04/02/2022 - Per the client -- Servicer will apply state laws where applicable, please waive Credit Score - The qualifying credit score of 766 is 126 points higher than the minimum required of 640., Months Of Reserves - The borrowers have 247.2 more months of reserves than the minimum required of 6 months. Cleared Waiver D D B B 2
767515 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Single Family Detached 39 778 80.00 % xxxxxx 232740 Credit Income Missing income calculation worksheet. Please provide evidence showing how the lender calculated the income. 04/15/2022 - Document provided to cure.   Cleared Exception C C A A 1
767515 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Single Family Detached 39 778 80.00 % xxxxxx 232741 Credit Credit A credit related document is not included in the loan file. Provide satisfactory evidence of the yearly Taxes yearly and Insurance and proof that the property located at xxxxxx is free and clear for our review as the DTI is pending until this is received. 04/15/2022 - Document provided to cure.   Cleared Exception C C A A 1
767529 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 721 75.00 % xxxxxx 234341 Credit Property Type - Eligibility According to the underwriting guidelines, rural properties are allowed with a maximum xxxxxx acres. In this case, the appraisal indicates that the property is rural on xxxxxx acres of land exceeding the guidelines.  An exception dated 03/10/22 was included in the file allowing the property.  Credit Score - Qualifying score is 721, min FICO requirement is 700 Cleared Waiver C C B B 2
767532 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 42.8 742 85.00 % xxxxxx 234194 Compliance Other CD xxxxxx not signed.  Need Receipt Date. 4/1/2022 - Document provided to clear condition.   Cleared Exception C C B B 1
767532 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 42.8 742 85.00 % xxxxxx 234200 Property Property Type exception for property with 2 ADU. Rental income not needed
for qualification		   Length of Employment - Borrower has been in same line of work 6 years., Credit Score - 742 Credit score exceeds minimum required of 720. Cleared Waiver C C B B 2
767532 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 42.8 742 85.00 % xxxxxx 234207 Credit Hazard Insurance The total dwelling coverage including additional 25% replacement cost is $932,500. The loan amount is xxxxxx. A replacement cost estimator is missing from the file. 4/1/2022 - Document provided to clear condition.   Cleared Exception C C B B 1
767532 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 42.8 742 85.00 % xxxxxx 234208 Credit Credit - Eligiblity The borrowers contact consent form is missing from the loan file. xxxxxx waiving the guideline requirement Length of Employment - Borrower has been in same line of work 6 years., Credit Score - 742 Credit score exceeds minimum required of 720. Cleared Waiver C C B B 2
767533 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 28.9 694 80.00 % xxxxxx 236846 Credit Credit - Eligiblity According to the guidelines, one (1) or more (Non-sufficient funds (NSF) or negative balances) occurrences in the most recent two-month time period, up to three (3) occurrences are allowed in the most recent 12-month time period. In this case, there are 4 NSFs in the most recent month, and 23-NSFs overall in the12-month's of statements An exception was included in the file allowing the NSF charges.  Months Of Reserves - Minimum reserve requirement is 6 months. In this case the borrower has 76 months reserves, DTI - Max DTI is 50%. The borrower DTI is 28% Cleared Waiver C C B B 2
767533 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 28.9 694 80.00 % xxxxxx 236861 Credit Credit - Eligiblity The borower's contact consent form is missing from the loan file. xxxxxx is waiving the guideline requirement Months Of Reserves - Minimum reserve requirement is 6 months. In this case the borrower has 76 months reserves, DTI - Max DTI is 50%. The borrower DTI is 28% Cleared Waiver C C B B 2
767534 xxxxxx xxxxxx Rate Term Refi Owner Occupied Single Family Detached 42.3 794 40.69 % xxxxxx 233262 Compliance Closing Disclosure The initial CD signed at least 3 days prior to closing is missing from the loan file.   03/28/2022: Document provided to clear condition.    Cleared Exception C C A A 1
767537 xxxxxx xxxxxx Purchase Owner Occupied PUD 45.3 664 80.00 % xxxxxx 233502 Credit Credit - Eligiblity Borrower's credit score is 664. Minimum credit score required for first time homebuyers is 680. Lender approved an exception for the credit score - exception is in the file dated xxxxxx   Reserves - 19 months of reserves exceed minimum required of 6 months., Length of Employment - Borrower has been in same line of work 5 years, Disposable Income - $4648.56 residual income exceeds minimum required of $3000. Cleared Waiver C C B B 2
767537 xxxxxx xxxxxx Purchase Owner Occupied PUD 45.3 664 80.00 % xxxxxx 234070 Credit Credit - Eligiblity The borrower's contact consent form is missing from the loan file xxxxxx waiving the guideline requirement Reserves - 19 months of reserves exceed minimum required of 6 months., Length of Employment - Borrower has been in same line of work 5 years, Disposable Income - $4648.56 residual income exceeds minimum required of $3000. Cleared Waiver C C B B 2
767537 xxxxxx xxxxxx Purchase Owner Occupied PUD 45.3 664 80.00 % xxxxxx 234071 Credit Income According to the guidelines, the  max DTI for first time homebuyer is 45%. In this case the audited DTI is 45.27%. Per the P&L Statement, the borrower received a xxxxxx relief grant of 25,000. This was not included in the total net income 03/31/2022: Income was calculated the same as the lender however as this loan was a xxxxxx purchase 1.25% of the purchase price was utilized for the taxes which yielded a slightly higher DTI than what was calculated by the lender.
3/31/2022: xxxxxx accepted the exception with compensating factors. 		 Reserves - 19 months of reserves exceed minimum required of 6 months., Length of Employment - Borrower has been in same line of work 5 years, Disposable Income - $4648.56 residual income exceeds minimum required of $3000. Cleared Waiver C C B B 2
767537 xxxxxx xxxxxx Purchase Owner Occupied PUD 45.3 664 80.00 % xxxxxx 234083 Credit Credit According to the guidelines, Individual collection and non-mortgage charge-off accounts equal to or greater than $250 must be paid in full prior to or at closing. In this case there is a collection from xxxxxx of $511 reported on the credit report. Evidence of expiration or payoff is missing from the file 03/31/2022: Assets were taken from the total assets to clear condition.   Cleared Exception C C B B 1
767537 xxxxxx xxxxxx Purchase Owner Occupied PUD 45.3 664 80.00 % xxxxxx 234177 Compliance Closing Disclosure This loan failed the initial closing disclosure delivery date test. Please provide proof of receipt for the CD dated xxxxxx. 03/31/2022: Document provided to clear condition.    Cleared Exception C C B B 1
767556 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 0 768 75.00 % xxxxxx 233018 Credit Occupancy The Borrower's Certification of Business Purpose is missing from the loan file. 03/31/2022: Document provided to clear condition.    Cleared Exception C C A A 1
767556 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 0 768 75.00 % xxxxxx 233482 Credit Title The tax cert is missing from the loan file.
03/29/2022: Document provided to clear condition.    Cleared Exception C C A A 1
767653 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 745 80.00 % xxxxxx 233745 Property Property Type - Eligibility According to the underwriting guidelines, rural properties are not eligible for DSCR loans. In this case, the appraisal states this is a rural property, which makes the loan ineligible.  xxxxxx acknowledged the exception and accepts with comp factors.  Credit Score - Qualifying score is 745, min requirement is 660., Months Of Reserves - 13 months of reserves. 2 months required.  Cleared Waiver C C B B 2
767653 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 745 80.00 % xxxxxx 233749 Credit Credit - Eligiblity The Borrower Certification of Business Purpose form is missing from the loan file.
03/29/2022: Document provided to clear condition.    Cleared Exception C C B B 1
767800 xxxxxx xxxxxx Purchase Non-Owner Occupied Four-Unit Property 0 664 60.00 % xxxxxx 237006 Property Appraisal A copy of a valid appraisal review product for the subject is missing from the loan file.
4.20.2022:  Documentation received to clear condition.   Cleared Exception C C B B 1
767800 xxxxxx xxxxxx Purchase Non-Owner Occupied Four-Unit Property 0 664 60.00 % xxxxxx 237008 Property Property Type- Eligibility According to the underwriting guidelines, the minimum square feet for a xxxxxx unit property is xxxxxx. In this case, one of the units has only xxxxxx. An exception approval is in the loan file.
 Exception approval is in the loan file.  LTV - LTV is 60% maximum requirement is 80%, Reserves - Reserves 19 months minimum requirement is 2 months. Cleared Waiver C C B B 2
767829 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 677 65.00 % xxxxxx 236160 Credit Eligibilty Exception request for Loan Amt less than xxxxxx, DSCR Ratio must be more than 1.5%. Current Ratio 1.42% is in the loan file. DSCR guideline minimum loan amount is xxxxxx and DSCR has no minimum for single investment properties.  Exception approval in the loan file. Years On Job - Borrower has been self employed for 10 years , Prior Mortgage History - 0x30x12 on all mortgages Cleared Waiver C C B B 2
767829 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 677 65.00 % xxxxxx 236195 Credit Leasehold Agreement The lease agreement is missing in the loan file.  4/18/2022;  Loan is a refi and has a tenant per appraisal.   Current lease with 2 month of most recent two month rental payment required.   Cleared Exception C C B B 1
767838 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 710 80.00 % xxxxxx 234063 Credit Credit - Eligiblity The Borrower's Certification of Business Purpose form is missing from the loan file.
4/13/2022:  Documentation received to clear condition.   Cleared Exception C C A A 1
767850 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied PUD 0 693 42.95 % xxxxxx 234288 Credit Credit According to the underwriting guidelines, on the DSCR program, the borrower must acknowledge that the loan is a business purpose loan by completing and signing the business purpose cert form which is missing from the loan file.  04/04/2022: Business purpose certificate is missing from the loan file.
4/11/2022: Documentation received to clear condition.		   Cleared Exception C C A A 1
767865 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 742 80.00 % xxxxxx 236179 Credit Credit - Eligiblity The Contact Consent form is missing from the loan file. xxxxxx waiving guideline requirement. Credit Score - Qualifying score is 742 minimum requirements is 700. Cleared Waiver C C B B 2
767979 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Single Family Detached 18.3 780 50.90 % xxxxxx 236391 Credit Credit - Eligiblity The borrowers contact consent form is missing from the loan file. xxxxxx waiving the guideline requirement Credit Score - Qualifying score is 780, minimum required FICO 720, Months Of Reserves - Minimum reserve requirement is 6 months. Borrower has 115 months reserves Cleared Waiver D D B B 2
767995 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 769 75.00 % xxxxxx 235529 Credit Credit - Eligiblity The Borrower Certification of Business Purpose form is missing from the loan file.
4/11/2022:  Documentation received to clear condition.   Cleared Exception C C B B 1
767995 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 769 75.00 % xxxxxx 235530 Credit Credit - Eligiblity The Borrower Contact Consent form is missing from the loan file
 xxxxxx waiving guideline requirement. Credit Score - Qualifying score 769 Cleared Waiver C C B B 2
768048 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 0 764 70.00 % xxxxxx 236398 Credit Credit - Eligiblity The Borrower Contact Consent form is missing from the loan file
 xxxxxx waiving guideline requirement. Credit Score - Qualifying score is 764, minimum requirement 700 Cleared Waiver C C B B 2
768048 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 0 764 70.00 % xxxxxx 236399 Credit Credit - Eligiblity The Borrower Certification of Business Purpose form is missing from the loan file.
4/18/2022:  Documentation received to clear condition.   Cleared Exception C C B B 1
768060 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 0 741 75.00 % xxxxxx 234169 Credit Credit - Eligiblity The Borrower Contact Consent form is missing from the loan file. xxxxxx waiving the guideline requirement. Credit Score - Qualifying score is 701 Cleared Waiver C C B B 2
768060 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 0 741 75.00 % xxxxxx 234170 Credit Credit - Eligiblity The Borrower Certification of Business Purpose form is missing from the loan file.
03/29/2022: Document provided to clear condition.    Cleared Exception C C B B 1
768061 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Two-Unit Property 0 749 70.00 % xxxxxx 233994 Credit Credit - Eligiblity The Borrower Contact Consent form is missing from the loan file.
 xxxxxx waiving the guideline requirement.  Credit Score - Qualifying score 749, min FICO is 660 Cleared Waiver C C B B 2
768064 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 9.21 729 75.00 % xxxxxx 237125 Credit Credit - Eligiblity Borrower's contact consent form is missing from the loan file xxxxxx is waiving the guideline requirement Months Of Reserves - Minimum reserve requirement with 85% LTV or less is 6 months. The borrower has 26 months reserves Cleared Waiver C C B B 2
768074 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 46.6 710 90.00 % xxxxxx 236249 Credit Asset Verification Missing the month of xxxxxx for xxxxxx # 0696 (12 consecutive month statement are required)  4.18.2022:  Documentation received to clear condition.   Cleared Exception C C A A 1
768074 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 46.6 710 90.00 % xxxxxx 236250 Credit Flood Certificate Missing the Flood Certificate or Insurance for the subject property. 4/18/2022:  Documentation in the file to clear condition   Cleared Exception C C A A 1
768111 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 41.6 745 90.00 % xxxxxx 235980 Credit Credit - Eligiblity According to the guidelines, If there are one (1) or more occurrences in the most recent two-month time period, up to three (3) occurrences are allowed in the most recent 12-month time period. In this case there is an excess of 8 NSF fees in the last 3 months   Months Of Reserves - Minimum reserve requirement is 12 months. The borrower has 27 months of reserves, Credit Score - 745 Fico Cleared Waiver C C B B 2
768111 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 41.6 745 90.00 % xxxxxx 235992 Credit Credit - Eligiblity The borrowers contact consent form is missing from the loan file xxxxxx is waiving the guideline requirement Months Of Reserves - Minimum reserve requirement is 12 months. The borrower has 27 months of reserves, Credit Score - 745 Fico Cleared Waiver C C B B 2
768122 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 37.5 771 70.00 % xxxxxx 235059 Credit Credit - Eligiblity The borrowers contact consent form is missing from the loan file xxxxxx is waiving the guideline requirement LTV - LTV/CLTV 10% or more below the maximum allowed under applicable guidelines , Years In Residence - Current primary home ownership 7 years Cleared Waiver C C B B 2
768122 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 37.5 771 70.00 % xxxxxx 235062 Credit Asset Verification According to the guidelines, the minimum reserve requirement for LTV<=85% is 6 months. In this case the borrower 4.61 months reserves 04/07/2022: Documentation provided to cure.    Cleared Exception C C B B 1
768129 xxxxxx xxxxxx Purchase Owner Occupied PUD 34.6 777 85.00 % xxxxxx 237411 Credit Credit - Eligiblity The Borrowers contact consent form is missing from the loan file xxxxxx is waiving the guideline requirement DTI - The DTI is 34.58 , max DTI is 45% for first time homebuyers, Months Of Reserves - Minimum reserve requirement for 85 LTV is 6 months. The borrower has 21 months in reserves Cleared Waiver C C B B 2
768129 xxxxxx xxxxxx Purchase Owner Occupied PUD 34.6 777 85.00 % xxxxxx 237423 Credit VOM According to the underwriting guidelines, first time homebuyers are required to have a 12 month rental history reflecting 0x30. In this case, the rental history for the borrower is missing from the loan file. 4/27/2022:  VOR has been received.  However, along with VOR, documentation showing 12 month payment history is required.  
 DTI - The DTI is 34.58 , max DTI is 45% for first time homebuyers, Months Of Reserves - Minimum reserve requirement for 85 LTV is 6 months. The borrower has 21 months in reserves Cleared Waiver C C B B 2
768185 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 0 779 75.00 % xxxxxx 237513 Credit Funds to Close According to the underwriting guidelines, gift funds must be documented with proof of donor availability of funds, and evidence of receipt. The donor ability and evidence of receipt for the gift funds are missing from the file. Provide satisfactory evidence that the donor had the capability to gift the funds at the time of closing for our review. 5/2/2022:   Documentation received to clear condition.   Cleared Exception D D B B 1
768185 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 0 779 75.00 % xxxxxx 237518 Compliance Closing Disclosure The Note reflects that a late charge will be assessed at the end of the 5th day with a late charge equal to ten percent (10%) of such installment. The final CD reflects if a payment is more than 15 days late, a late fee of 5% of the principal and interest overdue is charged.  05/02/2022: Post consummation CD provided to clear condition.    Cleared Exception D D B B 2
768185 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 0 779 75.00 % xxxxxx 237826 Credit VOM The Verification of Mortgage (VOM) and/or the mortgage payment history on the xxxxxx Cor #3257 for the time frame of xxxxxx is not in the loan file. Please provide a VOM for the noted account for our review. 5/2/2022:   Documentation received to clear condition.   Cleared Exception D D B B 1
768300 xxxxxx xxxxxx Purchase Owner Occupied PUD 43.4 747 75.00 % xxxxxx 234576 Compliance Other This loan failed the charges that cannot increase test. The final CD reflects Discount Points Fee of $7818 that was not originally disclosed on the initial LE and a change of circumstance for the fee was not included in the loan file.  03/31/2022: Revised LE provided. Could you provide proof of receipt for the LE dated xxxxxx
04/04/2022: Document provided to clear condition. 		   Cleared Exception C C A A 1
768301 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 682 70.00 % xxxxxx 233947 Credit Credit According to the underwriting guidelines, all loans must be submitted to an automated fraud and date check tool (i.e. Frauguard, DataVerify, etc.). In this case, the documentation is not included in the loan file. 03/31/2022: Documentation provided to cure.    Cleared Exception C C B B 1
768301 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 682 70.00 % xxxxxx 233948 Credit Asset Verification Missing evidence that borrower has 100% access to xxxxxx.  Account is in name of business. 03/31/2022: Documentation provided to cure.
4/4/2022 - Documentation provided to clear condition.		   Cleared Exception C C B B 1
768301 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 682 70.00 % xxxxxx 234294 Credit Borrower Eligibilty According to the guidelines, If the loan amount is < xxxxxx the minimum DSCR is 1.50. In this case, the loan amount is  xxxxxx and the DSCR is 1.2.
DSCR. Request exception to allow 1.2 DSCR.
   Months Of Reserves - Minimum reserve requirement is 2 months. The borrower has 22 months reserves, LTV - LTV/CLTV requirement is 80%.  Borrower LTV/CLTV is 70%. Cleared Waiver C C B B 2
768301 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 682 70.00 % xxxxxx 234304 Credit Credit - Eligiblity According to the underwriting guidelines, all loans must acknowledge that the loan is a business purpose loan by completing and signing the appropriate sections of the "Borrower Certification of Business Purpose" form in the loan file. The required document is not included. 4/4/2022 Documentation received to clear condition.   Cleared Exception C C B B 1
768301 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 682 70.00 % xxxxxx 234305 Credit Credit - Eligiblity The borrowers contact consent form is missing from the file xxxxxx is waiving the guideline requirement Months Of Reserves - Minimum reserve requirement is 2 months. The borrower has 22 months reserves, LTV - LTV/CLTV requirement is 80%.  Borrower LTV/CLTV is 70%. Cleared Waiver C C B B 2
768330 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 773 65.88 % xxxxxx 236707 Credit Credit - Eligiblity Borrower's contact consent form is missing from the loan file. xxxxxx is waiving the guideline requirement Months Of Reserves - Minimum reserve requirement is 2 months. The borrower has 126 months reserves Cleared Waiver C C B B 2
768330 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 773 65.88 % xxxxxx 236708 Credit Credit - Eligiblity Borrower's certification of business purpose form is missing from the loan file 4/20/2022:  Documentation received to clear condition.   Cleared Exception C C B B 1
768334 xxxxxx xxxxxx Rate Term Refi Non-Owner Occupied Single Family Detached 0 797 41.13 % xxxxxx 237779 Credit Credit - Eligiblity Borrower contact consent form is missing from the loan file xxxxxx is waiving the guideline requirement Credit Score - Credit Score 30+ points > minimum required , Product Type - 1.41 DSCR, Months Of Reserves - minimum reserve requirement is 2 months. borrower has 127 months reserves Cleared Waiver C C B B 2
768334 xxxxxx xxxxxx Rate Term Refi Non-Owner Occupied Single Family Detached 0 797 41.13 % xxxxxx 237780 Credit Credit - Eligiblity Borrower certification of business purpose is missing from the loan file 04/28/2022: Documentation provided to cure.    Cleared Exception C C B B 1
768402 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 0 771 75.00 % xxxxxx 234743 Credit Credit - Eligiblity The Borrower's Contact Consent Form is missing from the loan file.  xxxxxx waiving the guideline requirement. Credit Score - Qualifying score 771
DSCR 1.29		 Cleared Waiver D D B B 2
768427 xxxxxx xxxxxx Rate Term Refi Owner Occupied Single Family Detached 29.1 692 53.45 % xxxxxx 236407 Compliance Other The CD dated xxxxxx is not signed. Provide proof of receipt for the CD.  Document provided to clear condition.    Cleared Exception C C B B 1
768427 xxxxxx xxxxxx Rate Term Refi Owner Occupied Single Family Detached 29.1 692 53.45 % xxxxxx 236426 Credit Credit - Eligiblity Borrowers contact consent form is missing from the loan file   LTV - 53.449% LTV , Length of Employment - Employed at same job for 19 years, Months Of Reserves - Minimum reserve requirement is 6 months borrower has 54 months reserves Cleared Waiver C C B B 2
768579 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 33 753 75.00 % xxxxxx 236030 Credit Income - Self Employment According to the guidelines, The credit file must contain documentation showing the CPA is currently licensed in their state, the EA is currently active (Screen shot of the IRS web site), or the CTEC is active (Screen shot from CTEC web site). In this case the required documentation is missing from the file. 4/14/2022:  Must provide screenshot of IRS website showing EA is currently active.   Cleared Exception D D B B 1
768579 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 33 753 75.00 % xxxxxx 236031 Credit Credit - Eligiblity The borrower's contact consent form is missing from the loan file. xxxxxx is waiving the guideline requirement. CLTV - LTV/CLTV 5% or more below the maximum allowed under applicable guidelines , Credit Score - Credit Score 30+ points > minimum required, Months Of Reserves - Minimum reserve requirement is 3 months. The borrower has 166 months Cleared Waiver D D B B 2
768677 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 713 70.00 % xxxxxx 236158 Credit Credit - Eligiblity The Contact Consent form is missing from the loan file.  xxxxxx is waiving guideline requirement. Years In Residence - Current primary home ownership 24 years, Credit Score - Qualifying score is 713 minimum requirement is 700. Cleared Waiver D D B B 2
768891 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 25.6 795 80.00 % xxxxxx 237970 Credit Credit - Eligiblity Borrower contact consent form is missing from the loan file. xxxxxx is waiving the guideline requirement Months Of Reserves - Minimum reserve requirement is 12 months. The borrower has 39 months reserves, DTI - Max DTI is 50%. Borrower DTI is 29.42  Cleared Waiver C C B B 2
768906 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 784 68.18 % xxxxxx 236066 Credit VOM According to the guidelines, If a borrower’s mortgage or rental history is not reported on the credit report, a VOM/VOR must be provided. Any VOM/VOR completed by a private-party Seller, or any non-institutional lender must be supported by alternative documentation showing the most recent 6-month history. In this case a 6 month history has been provided without a completed VOR by the landlord. 4/15/2022:  xxxxxx granted exception fo VOM/VOR housing history. Credit Score - Qualifying score is 784, minimum required FICO score 700, Months Of Reserves - Minimum reserve requirement is 2 months. The borrower has 11 months reserves, LTV - LTV/CLTV 10% or ore below the maximum allowed under applicable guidelines.  Cleared Waiver C C B B 2
768906 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 784 68.18 % xxxxxx 236067 Credit Credit - Eligiblity The borrower's contact consent form is missing from the loan file. xxxxxx is waiving is waiving the guideline requirement Credit Score - Qualifying score is 784, minimum required FICO score 700, Months Of Reserves - Minimum reserve requirement is 2 months. The borrower has 11 months reserves, LTV - LTV/CLTV 10% or ore below the maximum allowed under applicable guidelines.  Cleared Waiver C C B B 2
769185 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 38 707 65.00 % xxxxxx 237374 Compliance Other The initial CD is not signed. Need receipt date. 04/28/2022: Documentation provided to cure.    Cleared Exception C C B B 1
769185 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 38 707 65.00 % xxxxxx 237382 Credit Funds to Close - Eligibilty According to the guidelines, 100% Gift Funds are allowed for xxxxxx and xxxxxx using Standard Doc or Alt Doc 24-month Bank Statement loans only, with a maximum LTV of 75%. In this case the borrower received 99.9% of funds as a gift. The documents in the file show a total funds wired to to title by donor in the amount of $311,866 which exceeds the amount of down payment and closing costs. The Doc level is P&L only with CPA letter which does not qualify for 100% gifts.  04/28/2022: Documentation provided to cure.    Cleared Exception C C B B 1
769185 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 38 707 65.00 % xxxxxx 237384 Credit Gift Letter There is a gift letter from donor in the amount of $165,266.76 (og 367) and a wire amount to title from donor in the amount of $206,866.76. (pg 364) The Gift letter and wire amounts do not match 04/28/2022: Documentation provided to cure.    Cleared Exception C C B B 1
769185 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 38 707 65.00 % xxxxxx 237385 Credit Credit - Eligiblity The borrower's contact consent form is missing from the loan file xxxxxx is waiving the guideline requirement DTI - Max DTI is 50%. Borrower DTI is 37.95% Cleared Waiver C C B B 2
769201 xxxxxx xxxxxx Purchase Non-Owner Occupied Two-Unit Property 0 814 45.45 % xxxxxx 237676 Credit Credit - Eligiblity Borrowers contact consent form is missing from the loan file xxxxxx is waiving the guideline requirement Credit Score - 20+ Pts higher than min require, Months Of Reserves - 20 months of reserves  Cleared Waiver C C B B 2
769201 xxxxxx xxxxxx Purchase Non-Owner Occupied Two-Unit Property 0 814 45.45 % xxxxxx 237678 Credit Credit - Eligiblity Borrower certification of business purpose is missing from the loan file 4/29/2022:  Documentation received to clear condition.   Cleared Exception C C B B 1
769456 xxxxxx xxxxxx Purchase Owner Occupied PUD 47.3 661 80.00 % xxxxxx 237570 Credit Credit - Eligiblity Borrowers contact consent form is missing from the loan file. xxxxxx is waiving the guideline requirement. Years On Job - Borrower has 9 years at current employer, Years In Residence - Borrower has 18 years at current residence, Months Of Reserves - Minimum reserve requirement is 6 months. Borrower has 23 months Cleared Waiver C C B B 2
769563 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 763 70.00 % xxxxxx 237958 Credit Employment The Borrowing Certificate is missing from the loan file as required when a property is vested in an Entity.
04/29/2022: The LLC borrowing certificate as illustrated on page 126 of the xxxxxx guidelines are required.
5/4/2022:  Documentation received to clear condition.		   Cleared Exception C C B B 1
769563 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 763 70.00 % xxxxxx 237959 Credit Credit - Eligiblity The Borrower Contact Consent form is missing from the loan file.
 xxxxxx waiving guideline requirement. Months Of Reserves - Borrower has 37months of reserves which is greater than the minimum require of 12months., Credit Score - Borrower credit score of 763 is greater than minimum score by 63. Cleared Waiver C C B B 2
769711 xxxxxx xxxxxx Purchase Non-Owner Occupied Condo Attached 0 753 75.00 % xxxxxx 237511 Credit Credit - Eligiblity Borrower's contact consent form is missing form the loan file xxxxxx is waiving the guideline requirement Months Of Reserves - Minimum reserve requirement is 2 months. Borrower has 59 months reserves Cleared Waiver C C B B 2
769711 xxxxxx xxxxxx Purchase Non-Owner Occupied Condo Attached 0 753 75.00 % xxxxxx 237512 Credit Credit - Eligiblity Borrower's certification of business purpose is missing from the loan file 5/3/2022:  Documentation received to clear condition.   Cleared Exception C C B B 1
769836 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 696 65.00 % xxxxxx 238197 Credit Underwriting Condition Not Met According to the underwriting guidelines, all loans must acknowledge that the loan is a business purpose loan by completing and signing the appropriate sections of the "Borrower Certification of Business Purpose" form in the loan file. The required document is not included.   5/4/2022:  Documentation received to clear condition.   Cleared Exception C C A A 1
769836 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 696 65.00 % xxxxxx 238262 Credit Program Eligibilty According to the underwriting guidelines, if the cash-out seasoning is less than 12 months, the transaction property value is limited to the lower of the current appraised value or the property's purchase price plus documented improvements. In this case, the property was acquired in xxxxxx for xxxxxx. The LTV using the purchase price is 73.73% which exceeds the guideline maximum.  5/4/2022:  Documentation received to clear condition.   Cleared Exception C C A A 1
148                                          
764166 xxxxxx xxxxxx Purchase Non-Owner Occupied 5-10 Unit Multi-Family 0 737 70.00 % xxxxxx                   A A  
764225 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Condo Attached 0 730 64.96 % xxxxxx                   A A  
765694 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 41.5 690 90.00 % xxxxxx                   A A  
765838 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 786 68.55 % xxxxxx                   A A  
766116 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Mixed Use 0 736 70.00 % xxxxxx                   A A  
766250 xxxxxx xxxxxx Refi - Cash Out Owner Occupied PUD 38.5 663 66.88 % xxxxxx                   A A  
766263 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 9.79 748 80.00 % xxxxxx                   A A  
766264 xxxxxx xxxxxx Purchase Owner Occupied PUD 41.8 707 80.00 % xxxxxx                   A A  
766268 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 756 33.38 % xxxxxx                   A A  
766273 xxxxxx xxxxxx Purchase Second Home Single Family Detached 32.6 764 75.00 % xxxxxx                   A A  
766278 xxxxxx xxxxxx Rate Term Refi Second Home PUD 35.2 769 61.06 % xxxxxx                   A A  
766644 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 12 798 75.00 % xxxxxx                   A A  
766676 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 760 70.00 % xxxxxx                   A A  
766691 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 793 70.00 % xxxxxx                   A A  
766709 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 9.9 0 60.00 % xxxxxx                   A A  
766764 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 785 75.00 % xxxxxx                   A A  
766785 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 0 779 75.00 % xxxxxx                   A A  
766791 xxxxxx xxxxxx Purchase Non-Owner Occupied Two-Unit Property 34.7 750 80.00 % xxxxxx                   A A  
766805 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Condo Attached 29.5 760 80.00 % xxxxxx                   A A  
766868 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 0 757 75.00 % xxxxxx                   A A  
766935 xxxxxx xxxxxx Purchase Owner Occupied PUD 43.2 709 80.00 % xxxxxx                   A A  
767061 xxxxxx xxxxxx Purchase Non-Owner Occupied Condo Attached 28.4 727 55.00 % xxxxxx                   A A  
767065 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 765 75.00 % xxxxxx                   A A  
767122 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 28.9 732 90.00 % xxxxxx                   A A  
767135 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 692 54.62 % xxxxxx                   A A  
767151 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 736 75.00 % xxxxxx                   A A  
767172 xxxxxx xxxxxx Purchase Non-Owner Occupied Three-Unit Property 0 661 75.00 % xxxxxx                   A A  
767200 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 0 779 75.00 % xxxxxx                   A A  
767305 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 743 75.00 % xxxxxx                   A A  
767399 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 746 75.00 % xxxxxx                   A A  
767416 xxxxxx xxxxxx Refi - Cash Out Owner Occupied Single Family Detached 49.5 628 70.00 % xxxxxx                   A A  
767424 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 0 757 75.00 % xxxxxx                   A A  
767470 xxxxxx xxxxxx Rate Term Refi Owner Occupied Single Family Detached 47.7 674 79.70 % xxxxxx                   A A  
767486 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 746 65.00 % xxxxxx                   A A  
767507 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Condo Attached 0 715 70.00 % xxxxxx                   A A  
767514 xxxxxx xxxxxx Purchase Non-Owner Occupied DO NOT USE - 2-4 Family 0 792 59.46 % xxxxxx                   A A  
767557 xxxxxx xxxxxx Purchase Owner Occupied Condo Attached 3.4 770 84.76 % xxxxxx                   A A  
767586 xxxxxx xxxxxx Purchase Non-Owner Occupied Two-Unit Property 0 782 75.00 % xxxxxx                   A A  
767826 xxxxxx xxxxxx Rate Term Refi Non-Owner Occupied PUD 0 667 69.70 % xxxxxx                   A A  
767845 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 760 75.00 % xxxxxx                   A A  
767922 xxxxxx xxxxxx Purchase Non-Owner Occupied PUD 0 800 75.00 % xxxxxx                   A A  
767939 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 734 70.00 % xxxxxx                   A A  
767970 xxxxxx xxxxxx Purchase Second Home PUD 20.6 0 60.00 % xxxxxx                   A A  
767972 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied Single Family Detached 0 743 67.16 % xxxxxx                   A A  
768062 xxxxxx xxxxxx Refi - Cash Out Non-Owner Occupied PUD 0 758 70.00 % xxxxxx                   A A  
768171 xxxxxx xxxxxx Purchase Second Home PUD 38 759 80.00 % xxxxxx                   A A  
768204 xxxxxx xxxxxx Purchase Owner Occupied Single Family Detached 42.5 793 80.00 % xxxxxx                   A A  
768352 xxxxxx xxxxxx Purchase Second Home Single Family Detached 23.5 700 75.00 % xxxxxx                   A A  
768652 xxxxxx xxxxxx Purchase Non-Owner Occupied Condo Attached 0 726 75.00 % xxxxxx                   A A  
768816 xxxxxx xxxxxx Purchase Owner Occupied PUD 33.6 716 80.00 % xxxxxx                   A A  
769657 xxxxxx xxxxxx Purchase Non-Owner Occupied Single Family Detached 0 747 80.00 % xxxxxx                   A A  
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