EX-99.3 14 s137206_ex99-3sch1.htm SCHEDULE 1 - EXCEPTION DETAIL REPORT

Exhibit 99.3 Schedule 1

 

Exception Detail

Run Date - 05/XX/2022 1:26:53 PM

Evolve Loan ID Customer Loan ID Seller Loan ID Loan Exception ID Exception ID Exception Date Exception Type Exception Category Exception Subcategory Exception Exception Detail Exception Information Exception Remediation Compensating Factors Follow-up Comments Cleared Date Cured Date Waived Date Exception Level
Grade		 Exception
Level Rating		 Note Date Property
State		 Occupancy Purpose Overall Initial Loan Grade Overall Final Loan Grade Credit Initial Loan
Grade		 Credit Final Loan
Grade		 Compliance Initial Loan
Grade		 Compliance Final Loan
Grade		 Property Initial Loan
Grade		 Property Final Loan
Grade		 Originator QM ATR Status TPR QM ATR Status Is Curable
1255044 XX XX XX 330 08/XX/2021 Credit UW Credit   UW Credit - UW - Credit Other   Fraud report missing from file at the time of review. Client to provide. received     10/XX/2021     A 1 08/XX/2021 OK I 1 C   A   C   A   N/A N/A A   A     Exempt 1
1263052 XX XX XX 862 09/XX/2021 Credit Deed of Trust/Mortgage   Deed of Trust/Mortgage - Other:   Legal description attachment is blank Information provided     10/XX/2021     A 1 08/XX/2021 GA I 1 A   A   A   A   N/A N/A A   A     Exempt 1
1263052 XX XX XX 875 09/XX/2021 Credit Disclosure   Disclosure - Other:   Missing evidence the person signing the Note is an authorized signer for the entity. Information provided     10/XX/2021     A 1 08/XX/2021 GA I 1 A   A   A   A   N/A N/A A   A     Exempt 1
1263077 XX XX XX 1109 09/XX/2021 Valuation UW Collateral TPR   UW Collateral TPR - UW - Third collateral evaluation is required.   AVM variance is out of tolerance at 17.29%   An acceptable third valuation is required. Documentation has been provided.     Client 10/XX/2021 03:35 PM; AVM is not out of tolerance for platinum plus applicant, please clear

 Reviewer 10/XX/2021 12:44 PM; Sales price listed at $XX, appraisal states $XX, CDA supports $XX. Appraised value listed at $XX		 11/XX/2021     A 1 08/XX/2021 MD I 1 C   A   A   A   N/A N/A C   A     Exempt 1
1264855 XX XX XX 330 09/XX/2021 Credit UW Credit   UW Credit - UW - Credit Other   UW Credit UW - Credit Other COMMENT: Minimum FICO score of 700 is required for the loan program. Borrower FICO is 670.   Credit Score is 670. The product guideline requires a credit score of 700. Experience is 4 Fix and Flip units. The product guideline requires experience of 0 Fix and Flip units. Experience is 8 Rental units. The product guideline requires experience of 3 rental units. Approved        09/XX/2021 B 2 08/XX/2021 CA I 3 C   B   C   B   N/A N/A C   A     Exempt 1
1264855 XX XX XX 1108 09/XX/2021 Valuation UW Collateral TPR   UW Collateral TPR - UW - Second collateral evaluation is required.   Secondary valuation supporting appraised amount of $XX not in file at time of review. Client to provide. Docs provided.     10/XX/2021     A 1 08/XX/2021 CA I 3 C   B   C   B   N/A N/A C   A     Exempt 1
1273230 XX XX XX 1108 09/XX/2021 Valuation UW Collateral TPR   UW Collateral TPR - UW - Second collateral evaluation is required.   Secondary valuation not in file at time of review. Client to provide Docs provided.     10/XX/2021     A 1 08/XX/2021 TX I 1 C   A   A   A   N/A N/A C   A     Exempt 1
1277952 XX XX XX 330 09/XX/2021 Credit UW Credit   UW Credit - UW - Credit Other   Loan  amounts over $1m+ requires credit committee approval. Unleased properties require 700 + FICO and 1.25+ DSCR to get 80% LTV on DSCR purchase  Requesting credit committee approval for this loan because it is over $1m Requesting an exception to allow 80% LTV on unleased DSCR purchase with DSCR 1.01-1.25   Credit Score is 724. The product guideline requires a credit score of 640. LTAIV is 80% The product guideline requires an LTAIC of 80% DSCR is 1.10. The product guideline requires a DSCR of 1.25 Experience is 3 Fix and Flip units. The product guideline requires experience of 5 Fix and Flip units. Experience is 12 Rental units. The product guideline requires experience of 5 rental units. Cash reserves of $6,000,000+ Borrower has successfully paid off 3 of loans with TVC with 0 delinquences Approved        09/XX/2021 B 2 09/XX/2021 FL I 1 C   B   C   B   N/A N/A A   A     Exempt 1
1281462 XX XX XX 201 09/XX/2021 Credit Hazard Insurance   Hazard Insurance - is missing.   Evidence of Insurance - Hazard Insurance Quotes are not Acceptable. Information provided     10/XX/2021     A 1 09/XX/2021 NV I 3 C   B   C   B   N/A N/A A   A     Exempt 1
1281462 XX XX XX 336 09/XX/2021 Credit UW Income/Employment   UW Income/Employment - UW - Income Other   Requested guideline Exception 700 credit score is 80 percent on rate/term   1. Credit score is 695. The product guideline requires a credit score of 700. 4. DSCR is 1.33. The product guideline requires a DSCR OF 1.25 5. Experience is 461 # Fix and Flip units. The product guideline requires experience of 1 # Fix and Flip units. 6. Experience is 263 #Rental units. The product guideline requires experience of 0 # rental units.        09/XX/2021 B 2 09/XX/2021 NV I 3 C   B   C   B   N/A N/A A   A     Exempt 1
1281462 XX XX XX 1108 10/XX/2021 Valuation UW Collateral TPR   UW Collateral TPR - UW - Second collateral evaluation is required.   Loan file missing AVM or desk review. Documentation has been provided.       11/XX/2021     A 1 09/XX/2021 NV I 3 C   B   C   B   N/A N/A A   A     Exempt 1