Radian Mortgage Securities LLC ABS-15G

Exhibit 99.3 

 

Exception Grades

Run Date - 1/24/2025 9:55:51 AM    

SitusAMC Loan ID

Customer Loan ID

Seller Loan ID

Investor Loan Number

Loan Exception ID

Exception ID

Exception Date

Exception Type

Exception Category

Exception Subcategory

15E Category

Exception

Exception Detail

Exception Information

Compensating Factors

Compensating Factor Information

Applying Party

Follow-up Comments

Cleared Date

Cured Date

Waived Date

Exception Level Grade

DBRS Initial Exception Rating

DBRS Final Exception Rating

Fitch Initial Exception Rating

Fitch Final Exception Rating

Kroll Initial Exception Rating

Kroll Final Exception Rating

Moody's Initial Exception Rating

Moody's Final Exception Rating

S&P Initial Exception Rating

S&P Final Exception Rating

Note Date

Property State

Occupancy

Purpose

Exception Remediation

Overall Initial Loan Grade

Overall Final Loan Grade

Credit Initial Loan Grade

Credit Final Loan Grade

Compliance Initial Loan Grade

Compliance Final Loan Grade

Property Initial Loan Grade

Property Final Loan Grade

Originator QM ATR Status

TPR QM ATR Status

Is Curable

(redacted)

1

(redacted)

31219298

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

ECOA Valuations Rule ([redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted] [redacted] business days prior to closing, and appraisal was not provided at or before closing.

Verification of the borrower's receipt of the updated appraisal is missing from the file.

Buyer Comment (2024-07-16): [redacted] acknowledges exception, no change to grading.

07/16/2024

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Purchase

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

3

(redacted)

31219459

Credit

Income / Employment

Income Documentation

Income / Employment

[redacted] Docs Missing:

-

The third party verification obtained for the [redacted] for the borrower was not timestamped. Please provide evidence of when this was obtained by the lender for review.

Reviewer Comment (2024-07-16): Provided [redacted][redacted] as [redacted] [redacted] reflects [redacted] of [redacted] Exception Cleared. Buyer Comment (2024-07-16): Please see attached [redacted] for both [redacted]. The borrower's are [redacted] [redacted] of the [redacted][redacted] so one serves both. Please review to clear all conditions. Buyer Comment (2024-07-16): Please see attached [redacted] for [redacted][redacted]. The borrower's are [redacted] [redacted] of the [redacted][redacted] so one serves both. Please review to clear all conditions.

07/16/2024

1

C

A

C

A

C

A

C

A

C

A

NC

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

3

(redacted)

31219460

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

The third party verification obtained for the [redacted] was not timestamped. Please provide evidence of when this was obtained by the lender for review.

Reviewer Comment (2024-07-16): Provided business entity as [redacted] verification reflects timestamp of [redacted] Buyer Comment (2024-07-16): Please see attached [redacted] for both businesses. The borrower's are [redacted] owners of the [redacted][redacted] so one serves both. Please review to clear all conditions.

07/16/2024

1

C

A

C

A

C

A

C

A

C

A

NC

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

3

(redacted)

31219461

Credit

Income / Employment

Income Documentation

Income / Employment

[redacted] Docs Missing:

-

The third party verification obtained for the [redacted] for the co-borrower was not timestamped. Please provide evidence of when this was obtained by the lender for review.

Reviewer Comment (2024-07-16): Provided [redacted] of [redacted]. Exception Cleared. Buyer Comment (2024-07-16): Please see attached [redacted] for both businesses. The borrower's are [redacted] business so one serves both. Please review to clear all conditions.

07/16/2024

1

C

A

C

A

C

A

C

A

C

A

NC

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

4

(redacted)

31219484

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure [redacted] Includes [redacted]

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed whether Homeowners insurance is included in escrow in incorrect section.  Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "[redacted]" section of Projected Payments table.  Disclosure requirement met, non-material exception for incorrect format/placement.

Buyer Comment (2024-07-15): [redacted] accepts. No change to grading.

07/15/2024

2

B

B

B

B

B

B

B

B

B

B

RI

Second Home

Refinance - Cash-out - Other

Good Faith Redisclosure

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

8

(redacted)

31332407

Credit

Missing Document

General

Missing Document

Missing Document: [redacted] of [redacted]/[redacted] not provided

Please provide the executed Closing Statement for the sale of the property on Windward to support the $[redacted] deposit on [redacted] into the money market account.

Reviewer Comment (2024-07-28): Received settlement statement document. [redacted] Buyer Comment (2024-07-26): Please see the attached settlement [redacted].

07/28/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

9

(redacted)

31332500

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Other Includes Insurance Costs

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed whether Homeowners insurance is included in escrow in incorrect section.  Creditor disclosed insurance to consumer in "[redacted]" section where regulation requires disclosure under "[redacted]" section of Projected Payments table.  Disclosure requirement met, non-material exception for incorrect format/placement.

Reviewer Comment (2024-08-08): Regraded to [redacted]-[redacted] as the [redacted] Insurance is being [redacted] to the [redacted], just in the [redacted] line item as it should be part of [redacted][redacted], but instead was [redacted]under [redacted]. Buyer Comment (2024-08-08): [redacted] agree to waive Buyer Comment (2024-08-07): It is [redacted][redacted] and procedure to [redacted] out the flood insurance out individually from the [redacted] Insurance as it is a separate policy with its own premium. The [redacted][redacted] correctly [redacted][redacted] and [redacted] are not [redacted], while correctly showing that [redacted] is an [redacted] cost. Page [redacted] of the [redacted][redacted] provides a [redacted] of the [redacted] and [redacted] costs over year [redacted] and the [redacted][redacted][redacted] Disclosure further supports the information on page [redacted] Reviewer Comment (2024-08-07): Reopening per client request. Buyer Comment (2024-07-26): [redacted] accepts with no change in grading

08/08/2024

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Other

Good Faith Redisclosure

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

(redacted)

10

(redacted)

32049428

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Timing Before Closing

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] ([redacted]) business days prior to closing.

Verification of earlier borrower receipt of the revised Loan Estimate is missing from the file.

Reviewer Comment (2024-10-25): [redacted] received disclosure summary and earlier electronic receipt Buyer Comment (2024-10-25): Please see the attached internal screenshots confirming the LE dated [redacted] was viewed/received by the borrower on [redacted]. Please note, 'Website [redacted]' denotes the time the LE was viewed electronically.

10/25/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Refinance - Rate/Term

No Defined Cure

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

10

(redacted)

32049429

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Timing Before Closing

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] ([redacted]) business days prior to closing.

Verification of earlier borrower receipt of the revised Loan Estimate is missing from the file.

Reviewer Comment (2024-10-25): [redacted] received disclosure summary and earlier electronic receipt Buyer Comment (2024-10-25): Please see the attached internal screenshots confirming the LE dated [redacted] was viewed/received by the borrower on [redacted]. Please note, 'Website [redacted]' denotes the time the LE was viewed electronically.

10/25/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Refinance - Rate/Term

No Defined Cure

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

10

(redacted)

32049431

Credit

Income / Employment

Income Documentation

Income / Employment

Income Docs Missing:

-

The business license search with the State of [redacted] dated [redacted], is not within [redacted] calendar days of closing.  Please provided verification within the required time frame.

Reviewer Comment (2024-10-25): Business License provided.  Exception cleared. Buyer Comment (2024-10-25): Per QM requirements for general-QM loans and Fannie Mae guidelines, post-close verbal verification of employment is allowed for loans with general-QM status, based on the guidance in Section [redacted]-[redacted]of the Fannie Mae Selling Guide. This section of the Selling Guide states that a lender must obtain verbal verification of employment within [redacted] business days prior to the note date for employed borrowers, or within [redacted] days of the note date for self-employed borrowers, and the verification can also be obtained post-close prior to delivery. Please see attached documentation for the borrower's [redacted] real estate license confirming active employment status. For reference, [redacted] [redacted] / [redacted][redacted] were reviewed and cleared by [redacted].

10/25/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Refinance - Rate/Term

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

10

(redacted)

32049432

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

Property inspected post disaster but pre-FEMA declaration of disaster end date.

Per the FEMA disaster website, this [redacted] disaster [redacted]-[redacted]-[redacted] began on [redacted] and was declared on [redacted] and is ongoing. Post-disaster inspection is dated [redacted] after the incident start date with no damage reported on the inspection. An additional [redacted] is not required per client guides.

SitusAMC,Originator,Aggregator

Reviewer Comment (2024-10-25): Per the FEMA disaster website, this [redacted] disaster [redacted] began on [redacted] and was declared on [redacted] and is ongoing. Post-disaster inspection is dated [redacted] after the incident start date with no damage reported on the inspection. An additional [redacted] is not required per client guides. Buyer Comment (2024-10-24): Please see the [redacted] showing no damage, attached.

10/25/2024

2

C

B

C

B

C

B

C

B

C

B

FL

Primary

Refinance - Rate/Term

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

11

(redacted)

32049436

Credit

Asset

Asset Calculation / Analysis

Asset

Available for Closing is insufficient to cover Cash From Borrower.

Funds to close are insufficient due to the missing final closing statements for the sale of the properties on [redacted]. and [redacted]. Please provide the both final closing statements for review.

Reviewer Comment (2024-10-22): Provided settlement statement as a proof of net proceeds for the sale of REO properties. Exception cleared. Buyer Comment (2024-10-22): Please see attached settlement statements for both properties. Please review to clear this and associated exceptions.

10/22/2024

1

C

A

C

A

C

A

C

A

C

A

SC

Primary

Purchase

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

11

(redacted)

32049438

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: PITIA reserves months discrepancy.

Reserves are insufficient due to the missing final closing statements for the sale of the properties on [redacted]. and [redacted]. Please provide the both final closing statements for review.

Reviewer Comment (2024-10-22): Provided Settlement statement for the sale of REO properties, PITIA reserve requirements met. Exception cleared. Buyer Comment (2024-10-22): Please see attached settlement statements for both properties. Please review to clear this and associated exceptions.

10/22/2024

1

C

A

C

A

C

A

C

A

C

A

SC

Primary

Purchase

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

11

(redacted)

32049439

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Violation

General QM: Based on the loan failing [redacted] or more guideline components, the loan is at QM risk.

QM risk due to missing asset documentation. This exception will be cleared when all guideline related exceptions are cleared.

Reviewer Comment (2024-10-22): Provided Settlement statement for the sale of REO properties. Exception cleared. Buyer Comment (2024-10-22): Please see attached settlement statements for both properties. Please review to clear this and associated exceptions.

10/22/2024

1

C

A

C

A

C

A

C

A

C

A

SC

Primary

Purchase

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

11

(redacted)

32049440

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank [redacted] ): Originator Loan Designation of Safe Harbor QM ([redacted]) does not match Due Diligence Loan Designation of QM ([redacted]) Risk.

Loan designation failure due to QM failure. This exception will be cleared when all QM related exceptions are cleared.

Reviewer Comment (2024-10-22): Provided Settlement statement for the sale of REO properties. Exception cleared. Buyer Comment (2024-10-22): Please see attached settlement statements for both properties. Please review to clear this and associated exceptions.

10/22/2024

1

B

A

C

A

B

A

C

A

B

A

SC

Primary

Purchase

Lender to provide updated ATR/QM status

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

11

(redacted)

32049442

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

Property inspected post disaster but pre-[redacted] declaration of disaster end date.

Per the FEMA disaster website, this [redacted] disaster [redacted]-[redacted]-[redacted] began on [redacted]/[redacted]/[redacted]and was declared on [redacted]/[redacted]/[redacted] and is ongoing. Post-disaster inspection is dated [redacted]/[redacted]/[redacted]after the incident start date with no damage reported on the inspection. An additional PDI is not required per client guides.

SitusAMC,Originator,Aggregator

Reviewer Comment (2024-10-23): Per the FEMA disaster website, this [redacted] disaster DR-[redacted]-[redacted] began on [redacted] and was declared on [redacted] and is ongoing. Post-disaster inspection is dated [redacted] after the incident start date with no damage reported on the inspection. An additional PDI is not required per client guides. Buyer Comment (2024-10-22): Please see attached ocnfirming no damage.

10/23/2024

2

C

B

C

B

C

B

C

B

C

B

SC

Primary

Purchase

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

16

(redacted)

32049455

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

Title Policy is Preliminary or Commitment, and not a Final Title Policy.

Reviewer Comment (2024-10-25): Received the Final title policy, Exception cleared .

10/25/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Purchase

C

A

B

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

16

(redacted)

32049456

Credit

Title

Document Error

Title

The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Reviewer Comment (2024-10-25): Received the Final title policy , which contain the policy amount, Exception cleared . Buyer Comment (2024-10-25): Please see attached, final title policy

10/25/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Purchase

C

A

B

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

16

(redacted)

32049458

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Timing Before Closing

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] [redacted] business days prior to closing.

Verification of earlier borrower receipt of the revised Loan Estimate is missing from the file.

Reviewer Comment (2024-10-24): [redacted] received proof of receipt. Buyer Comment (2024-10-24): Please see attached, confirmation the borrower viewed the Loan estimate on [redacted]

10/24/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

No Defined Cure

C

A

B

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

17

(redacted)

32049463

Credit

Income / Employment

Income Documentation

Missing Document

REO Documents are missing.

-

The mortgage statement provided from [redacted] reflects the payment as [redacted] .  The final [redacted] reflects the monthly mortgage expense as [redacted]  for this property.  Please provide the documentation to support the additional mortgage payment expense of [redacted]

Reviewer Comment (2024-10-25): Provided [redacted]  document for P&I, Exception Cleared Buyer Comment (2024-10-24): Please see attached note for the loan on this property. Please see point[redacted] on Pg[redacted] confirming the loan will re-amortize next year. Also attached is the payment calculation for when this occurs. This is how the P&I was qualified for this property. The taxes and insurance were taken from the [redacted] [redacted]  [redacted]  and grossed up [redacted] % per guidelines. Please review to clear this condition. Buyer Comment (2024-10-24): Please see attached note for the loan on this property. Please see point [redacted] on Pg [redacted] confirming the loan will re-amortize next year. Also attached is the payment calculation for when this occurs. This is how the P&I was qualified for this property. The taxes and insurance were taken from the [redacted]  [redacted] and grossed up [redacted] % per guidelines. Please review to clear this condition.

10/25/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Second Home

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

21

(redacted)

32049473

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised [redacted]  Timing Before Closing

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] /[redacted] /[redacted] not received by borrower at least [redacted] ([redacted] ) business days prior to closing.

Verification of earlier borrower receipt of the revised [redacted]  was missing from the file.

Reviewer Comment (2024-10-24): [redacted] received proof of receipt. Buyer Comment (2024-10-24): Please see the attached screenshot confirming the [redacted]  was acknowledged online on [redacted] /[redacted] ..

10/24/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

No Defined Cure

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

22

(redacted)

32049475

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

The subject property is located in a FEMA disaster area. A post disaster inspection verifying there was no damage to the subject property is required.

Property inspected post disaster but pre-[redacted]declaration of disaster end date.

Property inspected post disaster but pre-[redacted]declaration of disaster end date. Date of disaster: [redacted]

SitusAMC,Originator,Aggregator

Reviewer Comment (2024-10-21): Client elects to waive with compensating factors.

10/21/2024

2

B

B

B

B

B

B

B

B

B

B

NC

Second Home

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

23

(redacted)

32049478

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

[redacted]  is Preliminary or Commitment, and not a[redacted] .

Reviewer Comment (2024-10-24): Received the [redacted] , Exception cleared .

10/24/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Purchase

B

A

B

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

23

(redacted)

32049479

Credit

Title

Document Error

Title

The[redacted]  is within [redacted] or [redacted] and does not reflect a coverage amount (no [redacted] in file). Unable to determine if appropriate coverage is provided.

Reviewer Comment (2024-10-24): Received the [redacted]  , which contain the policy amount, Exception cleared . Buyer Comment (2024-10-24): Please see attached, [redacted]

10/24/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Purchase

B

A

B

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

24

(redacted)

32049483

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted]  Other Includes Insurance Costs

TILA-RESPA Integrated Disclosure - Projected Payments: [redacted]  provided on [redacted] /[redacted] /[redacted] disclosed whether Homeowners insurance is included in escrow in incorrect section.  Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table.  Disclosure requirement met, non-material exception for incorrect format/placement.

Buyer Comment (2024-10-25): Seller acknowledges the exception, no change to grading. Reviewer Comment (2024-10-24): [redacted]  is being disclosed to the consumer, just in the incorrect line item as it should be part of [redacted] , but instead was disclosed under other. Buyer Comment (2024-10-24): The [redacted] correctly states that there is an escrow account becacuse the [redacted]  is escrowed. The hazard and taxes are not. It would be false to state there is not an escrow account when there is one. The non-escrowed costs are correctly identified as non-escrowed. Please cancel this exception.

10/25/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Other

Good Faith Redisclosure

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

24

(redacted)

32049484

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised [redacted] Timing Before Closing

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] /[redacted] /[redacted] not received by borrower at least [redacted] ([redacted] ) business days prior to closing.

Verification of earlier borrower receipt of the revised [redacted]  is missing from the file.

Reviewer Comment (2024-10-24): [redacted] received proof of receipt. Buyer Comment (2024-10-24): Please see attached confirming the [redacted]  was viewed on [redacted] /[redacted] .

10/24/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Cash-out - Other

No Defined Cure

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

25

(redacted)

32049487

Credit

Asset

Asset Calculation / Analysis

Asset

Available for Closing is insufficient to cover Cash From Borrower.

Funds to close were insufficient due to missing the fully executed Final Closing Statement for the sale of [redacted] Run property to verify the total net equity received and that all liens are paid and closed.  Please provide for review.

Reviewer Comment (2024-10-24): Received the [redacted] , which verified the [redacted]  from Sale of property, Exception cleared . Buyer Comment (2024-10-24): Please see the attached [redacted]  for the sale of the non-subject property.

10/24/2024

1

C

A

C

A

C

A

C

A

C

A

AL

Primary

Purchase

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

25

(redacted)

32049489

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted] % or $[redacted] .  Insufficient or no cure was provided to the borrower.

Ten percent fees will only re-baseline if the cumulative total of fees exceed [redacted] %.  On this loan, the recording fee increased by less than [redacted] % on [redacted] /[redacted] /[redacted] from $[redacted] to $[redacted] and [redacted] % fess will not re-baseline to increased fee. The final increase of fee to $[redacted] requires $[redacted] cure based on initial baseline of $[redacted] .

Reviewer Comment (2024-10-30): [redacted] received [redacted] , [redacted] , [redacted] &[redacted] k. Buyer Comment (2024-10-29): Please see the attached [redacted] , [redacted] , [redacted] , and [redacted] . Please cure exception.

10/30/2024

2

C

B

C

B

C

B

C

B

C

B

AL

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

25

(redacted)

32049490

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: PITIA reserves months discrepancy.

Reserves were insufficient due to missing the fully executed Final [redacted] for the sale of [redacted]  Run property to verify the total net equity received and that all liens are paid and closed.  Please provide for review.

Reviewer Comment (2024-10-24): Received the [redacted] , which verified the [redacted]  from Sale of property, Exception cleared . Buyer Comment (2024-10-24): Please see the attached [redacted]  for the sale of the non-subject property.

10/24/2024

1

C

A

C

A

C

A

C

A

C

A

AL

Primary

Purchase

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

25

(redacted)

32049491

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank [redacted] ): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk.

Loan designation failure due to QM failure. This exception will be cleared when all QM related exceptions are cleared.

Reviewer Comment (2024-10-24): Received the [redacted], which verified the [redacted]  from Sale of property, Exception cleared . Buyer Comment (2024-10-24): Please see the attached [redacted]  for the sale of the non-subject property.

10/24/2024

1

B

A

C

A

B

A

C

A

B

A

AL

Primary

Purchase

Lender to provide updated ATR/QM status

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

25

(redacted)

32049492

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Violation

General QM: Based on the loan failing one or more guideline components, the loan is at QM risk.

Result of insufficient assets and reserves.

Reviewer Comment (2024-10-24): Received the [redacted] , which verified the [redacted]  from Sale of property, Exception cleared . Buyer Comment (2024-10-24): Please see the attached [redacted]  for the sale of the non-subject property.

10/24/2024

1

C

A

C

A

C

A

C

A

C

A

AL

Primary

Purchase

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

27

(redacted)

32049497

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

[redacted] Disaster Issue: The subject property is located in a [redacted] disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

The subject property is located in a [redacted]Disaster area post-close. There is no declared end date for the disaster as of yet. The file is missing a post-disaster inspection or lender's rep and warranty attestation along with visible confirmation that the subject property was not damaged.

Property inspected post disaster but pre-FEMA declaration of disaster end date.

Per the FEMA disaster website, this [redacted] disaster [redacted] began on [redacted] and was declared on[redacted] and is ongoing. Post-disaster inspection is dated [redacted] after the incident start date with no damage reported on the inspection. An additional PDI is not required per client guides.

SitusAMC,Originator,Aggregator

Reviewer Comment (2024-10-22): Per the [redacted] disaster website, this FL disaster [redacted] -[redacted] -[redacted]  began on [redacted] /[redacted] /[redacted] and was declared on [redacted] /[redacted] /[redacted] and is ongoing. Post-disaster inspection is dated [redacted] /[redacted] /[redacted] after the incident start date with no damage reported on the inspection. An additional PDI is not required per client guides.

10/22/2024

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Purchase

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

27

(redacted)

32049500

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure:  [redacted]Percent Fee Tolerance exceeded for Title - Survey Fee.  Fee Amount of $ [redacted] exceeds tolerance of $ [redacted].  Insufficient or no cure was provided to the borrower.

Survey Fee was last disclosed as $ [redacted] on the Initial Loan Estimate, but was disclosed as $ [redacted] on the Final Closing Disclosure. No valid COC was provided for this change, nor evidence of cure. Provide a post close CD disclosing the tolerance violation of $ [redacted], a copy of the refund check, proof of delivery, and a copy of the LOE to the borrower disclosing the changes made.

Reviewer Comment (2024-10-25): [redacted] received rebuttal suffice. Buyer Comment (2024-10-24): The survey fee is in section [redacted]  and is subject to unlimited tolerance as being required by the clients chosen title company.

10/25/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

28

(redacted)

32049503

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a [redacted]disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

The subject property is located in a [redacted] Disaster area post-close. There is no declared end date for the disaster as of yet. The file is missing a post-disaster inspection or lender's rep and warranty attestation along with visible confirmation that the subject property was not damaged.

Property inspected post disaster but pre-FEMA declaration of disaster end date.

Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted].

SitusAMC,Originator,Aggregator

Reviewer Comment (2024-10-23): Client elects to waive with compensating factors.

10/23/2024

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

29

(redacted)

32049507

Credit

Disclosure

Missing Document

Disclosure

E-sign Consent Agreement is missing.

-

E-Sign Consent Agreement document is missing in file.

Reviewer Comment (2024-10-30): E-sign consent agreement received, exception cleared. Buyer Comment (2024-10-30): Please see the attached econsent document.

10/30/2024

1

C

A

C

A

C

A

C

A

C

A

AZ

Primary

Refinance - Rate/Term

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

29

(redacted)

32049508

Compliance

Compliance

Federal Compliance

Compliance

Subject to Rescission

Loan is subject to Rescission.

Reviewer Comment (2024-10-30): Loan is subject to rescission. Same lender refinance.

10/30/2024

1

A

A

A

A

A

A

A

A

A

A

AZ

Primary

Refinance - Rate/Term

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

29

(redacted)

32049509

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance

Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-9 form was used, the  [redacted] form should have been used.

The Right to Cancel was issued on the incorrect form. Please provide the following: Letter of explanation, proof of delivery, and re-open rescission using the correct model form.  Note:  This exception cannot be cured until the new rescission period ends.

Reviewer Comment (2024-10-28): The Title Commitment verifies the original lender is the same as the lender on the note.  Exception cleared. Buyer Comment (2024-10-24): Please see the attached title commitment confirming this is a same lender refinance per [redacted] originating the mortgage paid at closing

10/28/2024

1

C

A

C

A

C

A

C

A

C

A

AZ

Primary

Refinance - Rate/Term

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

31

(redacted)

32049513

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Other Includes Insurance Costs

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on  [redacted]disclosed whether Homeowners insurance is included in escrow in incorrect section.  Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table.  Disclosure requirement met, non-material exception for incorrect format/placement.

Buyer Comment (2024-10-24): Seller accepts with no change in grading

10/24/2024

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

Good Faith Redisclosure

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

33

(redacted)

32049523

Credit

Hazard Insurance

Insufficient Coverage

Hazard Insurance

The Hazard Insurance Policy Effective Date is after closing.

Reviewer Comment (2024-10-25): Provided Hazard insurance document. Exception cleared Buyer Comment (2024-10-24): Please see the attached HOI documentation showing policy was active at close.

10/25/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

36

(redacted)

32049534

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure:[redacted] Percent Fee Tolerance exceeded for Lender Credits.  Final Lender Credit of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower.

Lender credit was last disclosed as -$[redacted] on the Loan Estimate but was disclosed as -$[redacted] on the Final Closing Disclosure. No valid COC was provided for this change, nor evidence of cure. Provide a post close CD disclosing the tolerance violation of $[redacted], a copy of the refund check, proof of delivery, and a copy of the LOE to the borrower disclosing the changes made.

Reviewer Comment (2024-10-30): [redacted]  received rebuttal comment and additional information that the pricing change for a valid changed circumstance. Buyer Comment (2024-10-29): On [redacted]  the lender credits were $[redacted] , then on the [redacted]  loan estimate the credits were lowered to $[redacted]  they were lowered because of the receipt of the appraisal which returned a value of [redacted]  instead of the expected [redacted] as reflected in our Redisclosure history. This increased LTV from [redacted] +% to [redacted] +% which changed the [redacted] s. Then the loan amount changed on [redacted] , which lowered the credits from [redacted] to [redacted], where we closed. Please see the attached pricing screen shots from out LOS on [redacted]  and [redacted]. Reviewer Comment (2024-10-25): [redacted] received rebuttal, however the change was not proportionate to the loan amount change.  Though an LTV may change, the information did not state that there was a pricing/product/program change. Please provide additional information or cure is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2024-10-24): Please see the attached screen shot from our LOS Notes section. This confirms that on [redacted]  the loan broker/partner requested a loan amount change/reduction to $[redacted]  which re-baselined the lender credits to $[redacted]  as disclosed on the CD dated [redacted]

10/30/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Rate/Term

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

37

(redacted)

32049538

Credit

Title

Document Error

Title

The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Reviewer Comment (2024-10-25): Provided Final Title Policy reflecting coverage amount. Exception cleared. Buyer Comment (2024-10-25): please see attached

10/25/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

37

(redacted)

32049539

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

Title Policy is Preliminary or Commitment, and not a Final Title Policy.

Reviewer Comment (2024-10-25): Received Final Title Policy. Exception cleared.

10/25/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

37

(redacted)

32049541

Credit

Income / Employment

Income Documentation

Income / Employment

Income Docs Missing:

-

VVOE dated [redacted] is missing the source used to obtain the employer phone number. The phone number on the employer's income verification dated [redacted] (which is [redacted] business days from the note) does not match the employer's phone number on the VVOE. Please provide a complete VVOE dated [redacted] for review.

Reviewer Comment (2024-10-28): Provided updated VVOE document, Exception cleared Buyer Comment (2024-10-25): please see attached

10/28/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

40

(redacted)

32049549

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

The subject property is located in a FEMA Disaster area post-close. There is no declared end date for the disaster as of yet. The file is missing a post-disaster inspection or lender's rep and warranty attestation along with visible confirmation that the subject property was not damaged.

Property inspected post disaster but pre-[redacted] declaration of disaster end date.

Property inspected post disaster but pre-[redacted] declaration of disaster end date. Date of disaster: [redacted].

SitusAMC,Originator,Aggregator

Reviewer Comment (2024-10-25): Inspection completed after the incident start date reflects no damages. PDI meets client guidelines. Client elects to waive with compensating factors. Buyer Comment (2024-10-24): Please see the attached disaster inspection confirming no disaster related damage.

10/25/2024

2

C

B

C

B

C

B

C

B

C

B

FL

Primary

Purchase

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

41

(redacted)

32049552

Credit

Title

Document Error

Title

The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Reviewer Comment (2024-10-25): Received the Final title policy , which contain the policy amount, Exception cleared . Buyer Comment (2024-10-25): Please see the attached final title policy

10/25/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Purchase

B

A

B

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

41

(redacted)

32049553

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

Title Policy is Preliminary or Commitment, and not a Final Title Policy.

Reviewer Comment (2024-10-25): Received the Final title policy, Exception cleared .

10/25/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Purchase

B

A

B

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

45

(redacted)

32049570

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

The subject property is located in a FEMA Disaster area post-close. There is no declared end date for the disaster as of yet. The file is missing a post-disaster inspection or lender's rep and warranty attestation along with visible confirmation that the subject property was not damaged.

Property inspected post disaster but pre-FEMA declaration of disaster end date.

Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted].

SitusAMC,Originator,Aggregator

Reviewer Comment (2024-10-24): Client elects to waive with compensating factors.

10/24/2024

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

46

(redacted)

32049578

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Other Includes Insurance Costs

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed whether Homeowners insurance is included in escrow in incorrect section.  Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table.  Disclosure requirement met, non-material exception for incorrect format/placement.

Buyer Comment (2024-10-28): Seller acknowledges exception, no change to grading. Reviewer Comment (2024-10-25): The exception was regraded to [redacted] as the Flood Insurance is being disclosed to the consumer, just in the incorrect line item as it should be part of Homeowners Insurance, but instead was disclosed under Other.The amounts to be considered under the "Homeowner's Insurance" category are "Premiums or other charges for insurance against loss of or damage to property, or against liability arising out of the ownership or use of property…" ([redacted]). On the [redacted] webinar hosted by the [redacted], it was clarified Flood Insurance would be placed within the Homeowner's Insurance category of the Estimated Taxes, Insurance & Assessments section as it would fall into the definition provided above. The commentary to [redacted] then states:"Amounts paid by the creditor using escrow account funds. Section[redacted] requires the creditor to disclose an indication of whether the amounts disclosed pursuant to [redacted] will be paid by the creditor using escrow account funds. If the amount disclosed pursuant to [redacted] requires the creditor to disclose a description of more than one amount and only some of those amounts will be paid by the creditor using escrow account funds, the creditor may indicate that only some of those amounts will be paid using escrow account funds, such as by using the word "some." As a result, the disclosure of "Some" next to the "Homeowner's Insurance" description would be accurate given that the flood portion of the Homeowner's Insurance will be escrowed while the Hazard Insurance will not be. As stated above, given the disclosure was made to the consumer but just on the incorrect line item, we have regraded to [redacted] accordingly. Buyer Comment (2024-10-25): Insurance listed in 'Other' section is Flood Insurance versus standard hazard homeowners insurance. CD is printed within regulation as escrowed homeowners insurance is located in insurance space and flood insurance, which is an additional insurance not required on all transactions, is listed in 'Other' . This is allowed per regulation and is not considered to be incorrect. Please cancel exception.

10/28/2024

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

Good Faith Redisclosure

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

50

(redacted)

32049588

Credit

Title

Document Error

Title

The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Reviewer Comment (2024-10-28): Provided Final Title Policy reflecting coverage amount. Exception cleared. Buyer Comment (2024-10-28): Please see the attached final title policy

10/28/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Purchase

B

A

B

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

50

(redacted)

32049589

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

Title Policy is Preliminary or Commitment, and not a Final Title Policy.

Reviewer Comment (2024-10-28): Provided Final Title Policy. Exception cleared.

10/28/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Purchase

B

A

B

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

51

(redacted)

32049593

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

Title Policy is Preliminary or Commitment, and not a Final Title Policy.

Reviewer Comment (2024-10-30): Received the Final title policy, Exception cleared .

10/30/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Refinance - Rate/Term

B

A

B

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

51

(redacted)

32049594

Credit

Title

Document Error

Title

The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Reviewer Comment (2024-10-30): Received the Final title policy , which contain the policy amount, Exception cleared . Buyer Comment (2024-10-30): Please see the attached final title policy noting the coverage amount.

10/30/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Refinance - Rate/Term

B

A

B

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

53

(redacted)

32049603

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Timing Before Closing

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] ([redacted]) business days prior to closing.

Verification of earlier borrower receipt of the revised Loan Estimate was missing from the file.

Reviewer Comment (2024-10-24): [redacted] received proof of receipt. Buyer Comment (2024-10-24): Please see attached, screenshot of internal loan estimate system. It confirms the borrower viewed the LE on [redacted].

10/24/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Rate/Term

No Defined Cure

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

55

(redacted)

32049608

Credit

Asset

Asset Calculation / Analysis

Asset

Available for Closing is insufficient to cover Cash From Borrower.

Funds to close are insufficient. Please provide evidence of the earnest money deposit or confirm the additional assets in account ending in [redacted] should be considered.

Reviewer Comment (2024-10-29): Wire transfer to title company was provided to confirm EMD of $[redacted].  Exception cleared. Buyer Comment (2024-10-29): Please see attached confirming receipt of the EMD.

10/29/2024

1

C

A

C

A

C

A

C

A

C

A

CT

Primary

Purchase

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

55

(redacted)

32049609

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement:[redacted] reserves months discrepancy.

Reserves are insufficient. Please provide evidence of the earnest money deposit or confirm the additional assets in account ending in [redacted] should be considered.

Reviewer Comment (2024-10-29): Wire transfer to title company was provided to confirm EMD of $[redacted].  Exception cleared. Buyer Comment (2024-10-29): Please see attached confirming receipt of the EMD.

10/29/2024

1

C

A

C

A

C

A

C

A

C

A

CT

Primary

Purchase

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

55

(redacted)

32049610

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General [redacted] Provision Investor Guidelines Violation

General [redacted]: Based on the loan failing [redacted] or more guideline components, the loan is at [redacted] risk.

[redacted] Risk due to insufficient funds. This exception will be cleared when all asset related exceptions are cleared.

Reviewer Comment (2024-10-29): Wire transfer to title company was provided to confirm EMD of $[redacted].  Exception cleared. Buyer Comment (2024-10-29): Please see attached confirming receipt of the EMD.

10/29/2024

1

C

A

C

A

C

A

C

A

C

A

CT

Primary

Purchase

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

55

(redacted)

32049611

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - [redacted]

Qualified Mortgage ([redacted]-Frank [redacted]): Originator Loan Designation of Safe Harbor [redacted] ([redacted]) does not match Due Diligence Loan Designation of [redacted] ([redacted]) Risk.

Loan designation failure due to [redacted] failure. This exception will be cleared when all [redacted] related exceptions are cleared.

Reviewer Comment (2024-10-29): Wire transfer to title company was provided to confirm EMD of $[redacted].  Exception cleared. Buyer Comment (2024-10-29): Please see attached confirming receipt of the EMD.

10/29/2024

1

B

A

C

A

B

A

C

A

B

A

CT

Primary

Purchase

Lender to provide updated ATR/QM status

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

56

(redacted)

32049613

Compliance

Compliance

Federal Compliance

TRID Defect

[redacted] Revised Loan Estimate Timing Before Closing

[redacted]-[redacted] Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] ([redacted]) business days prior to closing.

Verification of earlier borrower receipt of the revised Loan Estimate was missing from the file.

Reviewer Comment (2024-10-25): [redacted] received proof of earlier electronic receipt Buyer Comment (2024-10-25): Please see the attached screenshot confirming the LE issued [redacted] was acknowledged.

10/25/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Cash-out - Other

No Defined Cure

C

A

B

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

56

(redacted)

32049615

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

Title Policy is Preliminary or Commitment, and not a Final Title Policy.

Reviewer Comment (2024-10-28): Received the Final title policy, Exception cleared .

10/28/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Refinance - Cash-out - Other

C

A

B

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

56

(redacted)

32049617

Credit

Title

Document Error

Title

The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Reviewer Comment (2024-10-28): Received the Final title policy , which contain the policy amount, Exception cleared . Buyer Comment (2024-10-28): Please see the attached final title noting the coverage amount.

10/28/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Refinance - Cash-out - Other

C

A

B

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

57

(redacted)

32049620

Credit

Title

Document Error

Title

The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Reviewer Comment (2024-10-30): Evidence of the title policy amount covering the loan amount has been provided. Exception cleared. Buyer Comment (2024-10-30): Please see the attached email correspondence from the title company confirming coverage of $[redacted]. Reviewer Comment (2024-10-29): Client waived in error. Buyer Comment (2024-10-29): Seller acknowledges exception, no change to grading.

10/30/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

57

(redacted)

32049621

Credit

Income / Employment

Income Documentation

Income / Employment

Income [redacted] Missing:

-

File is missing [redacted] weeks average stock price document. Please provide for review.

Reviewer Comment (2024-10-30): [redacted]-week stock price provided. [redacted] is supported as approved, exception cleared. Buyer Comment (2024-10-30): Please see the attached stock price data from the date the [redacted] calculation was completed. [redacted]-Week average was calculated using this data.

10/30/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

57

(redacted)

32049623

Credit

Asset

Asset Calculation / Analysis

Asset

Guideline Requirement: Available for Reserves discrepancy.

Although the wire transfer for the $[redacted] [redacted] was provided, the account the it came from was not documented.  Please provide bank statements providing the source of funds for the [redacted] to verify the funds were seasoned.

Reviewer Comment (2024-10-30): Source of funds for the EMD has been provided. Assets are sufficient, exception cleared. Buyer Comment (2024-10-30): Please see the full wire receipt, including account details at the bottom of page [redacted] and transaction history from the account the EMD was wired from. Account was not used or funds to close, so additional documentation is not needed. Please clear exception.

10/30/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

59

(redacted)

32049628

Compliance

Compliance

Federal Compliance

TRID Defect

[redacted] Revised Loan Estimate Timing Before Closing

[redacted]-[redacted] Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] ([redacted]) business days prior to closing.

Verification of earlier borrower receipt of the revised Loan Estimate is missing from the file.

Reviewer Comment (2024-10-25): [redacted] received proof of earlier electronic receipt Buyer Comment (2024-10-25): Please see attached, internal confirmation the loan estimate was viewed on [redacted] by the borrower

10/25/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Rate/Term

No Defined Cure

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

61

(redacted)

32049631

Compliance

Compliance

Federal Compliance

TRID Defect

[redacted] [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

[redacted]-[redacted] Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.

Loan Discount Points were last disclosed as $[redacted] on the Loan Estimate, but were disclosed as $[redacted] on the Final Closing Disclosure. No valid [redacted] was provided for this change, nor evidence of cure. Provide a post close [redacted] disclosing the tolerance violation of $[redacted], a copy of the refund check, proof of delivery, and a copy of the [redacted] to the borrower disclosing the changes made. *Note - there was a loan amount change on the initial [redacted], however, this was not documented with any of the rate lock documentation or [redacted] in the file. Please provide evidence of the pricing change that occurred on [redacted] for further review of this exception.

Reviewer Comment (2024-10-30): [redacted] received LOX for rebuttal response and additional information lieu of valid Changed circumstances. Buyer Comment (2024-10-29): please see attached Reviewer Comment (2024-10-29): [redacted] received valid rebuttal comment. However, there seems to be no COC in the loan file to associate with corresponding CD to re-baseline this exception. Provide COC for the same in order to reevaluate and re-baseline this exception. Buyer Comment (2024-10-28): The final LE disclosed $[redacted] in loan discount points when the loan amount was $[redacted]. Loan discount points are based off .[redacted]% of the loan amount. The increase was the result of an increase in loan amount to $[redacted] which resulted in a fee of $[redacted]

10/30/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Rate/Term

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

62

(redacted)

32049632

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

[redacted] Disaster Issue: The subject property is located in a [redacted] disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

The subject property is located in a [redacted] Disaster area post-close.  There is no declared end date for the disaster as of yet.  The file was missing a post-disaster inspection or lender's rep and warranty verifying there was no damage to the subject property.

Property inspected post disaster but pre-FEMA declaration of disaster end date.

Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted].

SitusAMC,Originator,Aggregator

Reviewer Comment (2024-10-25): PDI supplied on [redacted]. No Damage. Buyer Comment (2024-10-25): Please see attached confirming no damage.

10/25/2024

2

C

B

C

B

C

B

C

B

C

B

FL

Primary

Refinance - Rate/Term

C

B

C

B

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

62

(redacted)

32049636

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

[redacted] Valuations Rule ([redacted]-Frank [redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted] ([redacted]) business days prior to closing, and appraisal was not provided at or before closing.

Buyer Comment (2024-10-25): Seller acknowledges the exception, no change to grading.

10/25/2024

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Rate/Term

C

B

C

B

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

63

(redacted)

32049640

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Timing Before Closing

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] ([redacted]) business days prior to closing.

Verification of earlier borrower receipt of the revised Loan Estimate is missing from the file.

Reviewer Comment (2024-10-25): [redacted] received proof of receipt. Buyer Comment (2024-10-25): Please see the attached internal screenshots showing the LE dated [redacted] was viewed/received [redacted]. Please be aware, 'Website FYI' denotes the time the borrower viewed the LE electronically.

10/25/2024

1

C

A

C

A

C

A

C

A

C

A

WA

Primary

Purchase

No Defined Cure

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

63

(redacted)

32049641

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Timing Before Closing

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] ([redacted]) business days prior to closing.

Verification of earlier borrower receipt of the revised Loan Estimate is missing from the file.

Reviewer Comment (2024-10-25): [redacted] received proof of receipt. Buyer Comment (2024-10-25): Please see the attached internal screenshots showing the LE dated [redacted] was viewed/received [redacted]. Please be aware, 'Website FYI' denotes the time the borrower viewed the LE electronically.

10/25/2024

1

C

A

C

A

C

A

C

A

C

A

WA

Primary

Purchase

No Defined Cure

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

63

(redacted)

32049642

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Timing Before Closing

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted]not received by borrower at least [redacted] ([redacted]) business days prior to closing.

Verification of earlier borrower receipt of the revised Loan Estimate is missing from the file.

Reviewer Comment (2024-10-25): [redacted] received proof of receipt. Buyer Comment (2024-10-25): Please see the attached internal screenshots showing the LE dated [redacted] was viewed/received [redacted]. Please be aware, 'Website FYI' denotes the time the borrower viewed the LE electronically.

10/25/2024

1

C

A

C

A

C

A

C

A

C

A

WA

Primary

Purchase

No Defined Cure

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

66

(redacted)

32049650

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

The subject property is located in a FEMA Disaster area post-close. There is no declared end date for the disaster as of yet. The file is missing a post-disaster inspection or lender's rep and warranty attestation along with visible confirmation that the subject property was not damaged.

Property inspected post disaster but pre-[redacted] declaration of disaster end date.

Per the[redacted] disaster website, this [redacted] disaster [redacted] began on [redacted] and was declared on [redacted] and is ongoing. Post-disaster inspection is dated [redacted] after the incident start date with no damage reported on the inspection. An additional PDI is not required per client guides.

SitusAMC,Originator,Aggregator

Reviewer Comment (2024-10-25): Per the FEMA disaster website, this [redacted] disaster DR-[redacted]-[redacted] began on [redacted] and was declared on [redacted] and is ongoing. Post-disaster inspection is dated [redacted] after the incident start date with no damage reported on the inspection. An additional PDI is not required per client guides.

10/25/2024

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

67

(redacted)

32049657

Credit

Income / Employment

Income Documentation

Income / Employment

Income Docs Missing:

-

Please provide the [redacted]-party source of the employer's telephone number of [redacted] for the borrower's VVOE.  The direct verification source identifies a different number.

Reviewer Comment (2024-10-29): Received web search document which confirms the employer's telephone number, Exception Cleared. Buyer Comment (2024-10-29): Please see the attached screenshot confirming the source used to verify this number was [redacted]

10/29/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Rate/Term

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

68

(redacted)

32049658

Credit

Title

Document Error

Title

The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Reviewer Comment (2024-11-01): Provided Final Title Policy reflecting coverage amount. Exception cleared. Buyer Comment (2024-11-01): Please see attached, Full title policy confirming coverage amount Reviewer Comment (2024-11-01): Reopened.  Waived in error. Buyer Comment (2024-10-29): Seller acknowledges exception, no change to grading.

11/01/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Second Home

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

68

(redacted)

32049659

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

Title Policy is Preliminary or Commitment, and not a Final Title Policy.

Reviewer Comment (2024-11-01): Provided Final Title Policy. Exception cleared.

11/01/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Second Home

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

68

(redacted)

32049662

Credit

Missing Document

General

Missing Document

Missing Document: HELOC Agreement not provided

Please provide the final HELOC Agreement for the property at [redacted] [redacted] to verify the proceeds in the amount of $[redacted] as indicated on the AUS.

Reviewer Comment (2024-10-29): Received the Final [redacted] to verify the loan proceeds from the new equity loan on the borrowers primary residence. Buyer Comment (2024-10-29): Please see attached, [redacted] from the closed loan confirming the amount that was received by the borrower.

10/29/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Second Home

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

68

(redacted)

32049663

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

AUS/Guideline Findings: All conditions were not met

The subject loan was submitted to [redacted] with [redacted] financed property however, the borrower has [redacted] financed properties. The loan casefile must be resubmitted to [redacted] with the correct number of financed properties, which may impact the reserves requirement.

Reviewer Comment (2024-11-01): Received [redacted] mentioned finance properties are [redacted]. Exception cleared Buyer Comment (2024-10-31): Please see attached, [redacted] findings with the corrected number of financed properties.

11/01/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Second Home

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

70

(redacted)

32049666

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

Title Policy is [redacted] or [redacted], and not a [redacted].

Reviewer Comment (2024-11-01): Provided Final Title Policy. Exception cleared.

11/01/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Purchase

C

A

B

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

70

(redacted)

32049667

Credit

Title

Document Error

Title

The [redacted]  is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Reviewer Comment (2024-11-01): Provided Final Title Policy reflecting coverage amount. Exception cleared. Buyer Comment (2024-11-01): Please see the attached final title policy

11/01/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Purchase

C

A

B

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

70

(redacted)

32049670

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised  [redacted] Timing Before Closing

[redacted]  Integrated Disclosure: Revised [redacted]  provided on [redacted]  not received by borrower at least [redacted] ([redacted]) business days prior to closing.

Please provide evidence of receipt of the Loan Estimate to verify it was receipt at least [redacted] business days prior to closing.

Reviewer Comment (2024-10-30): [redacted][redacted] received disclosure summary with earlier electronic receipt Buyer Comment (2024-10-30): Please see the attached from our[redacted] documents portal confirming the client viewed the[redacted] from [redacted] on [redacted]

10/30/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

No Defined Cure

C

A

B

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

72

(redacted)

32086172

Credit

Title

General

Title

Title [redacted] is less than Original Loan Amount.

Reviewer Comment (2024-11-04): Received updated title commitment with correct coverage.  Exception cleared. Buyer Comment (2024-11-01): Please see attached updated title policy Reviewer Comment (2024-11-01): Client waived in error. Buyer Comment (2024-10-24): Seller acknowledges the exception, no change to grading.

11/04/2024

1

B

A

B

A

B

A

B

A

B

A

TX

Primary

Refinance - Rate/Term

B

A

B

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

73

(redacted)

32086174

Credit

Insurance

Insurance Analysis

Insurance

Insufficient Coverage: [redacted]  coverage amount is insufficient.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted]months PITIA or more. Borrower has verified disposable income of at least $[redacted].

Reserves verified $[redacted] Residual income verified of $[redacted].

SitusAMC,Originator Pre-Close,Originator,Aggregator Originator Pre-Close,Originator,Aggregator,SitusAMC

Reviewer Comment (2024-11-04): Dwelling coverage can be assumed to be written to full replacement cost as coverage is not based on actual cash value. HOI meets the lender's guidelines, nothing further is required. Exception cleared. Reviewer Comment (2024-11-01): Dwelling amount of $[redacted] is not covering the Loan amount $[redacted], please provide the extended replacement cost or replacement cost estimator, Exception remains. Buyer Comment (2024-11-01): Please review [redacted] [redacted]. The policy is insured to replacement cost which is listed on this page. This meets guidelines as there is sufficient coverage. Please clear this condition. Reviewer Comment (2024-11-01): Reopening, waived in error. Reviewer Comment (2024-10-23): Exception is waived per [redacted] guidelines.

11/04/2024

1

B

A

B

A

B

A

B

A

B

A

AZ

Primary

Refinance - Rate/Term

B

A

B

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

74

(redacted)

32086176

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

Title Policy is Preliminary or Commitment, and not a [redacted].

Reviewer Comment (2024-11-07): Final title has been provided. Exception cleared.

11/07/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

74

(redacted)

32086177

Credit

Title

Document Error

Title

The [redacted] is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Reviewer Comment (2024-10-30): Provided Final Title Policy: Exception Cleared Buyer Comment (2024-10-30): Please see the attached final title policy.

10/30/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

74

(redacted)

32086180

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

[redacted] Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for[redacted].  Fee Amount of $[redacted] exceeds tolerance of $[redacted] .  Insufficient or no cure was provided to the borrower.

Appraisal Review Fee was not disclosed on the [redacted], but was disclosed as $[redacted] on the Final Closing Disclosure. No valid [redacted] was provided for this change, nor evidence of cure. Provide a post close [redacted] disclosing the tolerance violation of $[redacted] , a copy of the refund check, proof of delivery, and a copy of the [redacted] to the borrower disclosing the changes made.

Reviewer Comment (2024-11-06): [redacted] received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund Check resulting in a cured the exception. Buyer Comment (2024-11-06): please see attached Reviewer Comment (2024-11-04): [redacted] received valid rebuttal comment for the fee was added. However, there seems to be no valid COC in the loan file to associate with corresponding CD and re-baseline this exception. Provide COC for the same in order to re-baseline this exception. Buyer Comment (2024-11-01): A cure would not be required if the change in lender credits was the result of a valid [redacted] which impacted previously disclosed charges under tolerance testing regulations as outlined in the prior comment. The CDA/Appraisal review fee addition was required based on the CU score and was disclosed within [redacted] business days of receipt of the SSR report. The lender credit allocation was not a cure for this fee, this is show our system allocated the applicable credits at that time. Reviewer Comment (2024-11-01): [redacted] received rebuttal comment that adding the fee was covered under lender credit. However, if the fee is covered by lender, it should be updated under cure and the cure should not be provided from general lender credit. Cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2024-10-31): The appraisal [redacted] submission summary came in on [redacted]confirming a CU score of[redacted] which requires a [redacted]. We re-disclosed the $[redacted] appraisal review fee on the CD from [redacted]however, this was covered by a lender credit. On [redacted] the loan amount changed from [redacted]M to $[redacted] and rate changed from [redacted]% to [redacted]%, lender credits were were updated per the pricing change  The rate changing on [redacted]is a valid [redacted] for lender credits to be updated.

11/06/2024

2

C

B

C

B

C

B

C

B

C

B

CA

Primary

Refinance - Cash-out - Other

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

74

(redacted)

32086181

Credit

Income / Employment

Income Documentation

Income / Employment

[redacted] Docs Missing:

File only contains page [redacted]  of the [redacted] [redacted] business tax return. Please provide all pages of the [redacted] business tax return for review.

Reviewer Comment (2024-10-30): Received complete[redacted] Business Tax Return.  Exception cleared. Buyer Comment (2024-10-29): Please see the attached business return

10/30/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

75

(redacted)

32086182

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

Title Policy is [redacted] or [redacted] , and not a [redacted].

Reviewer Comment (2024-11-01): Provided Final Title Policy: Exception Cleared

11/01/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Refinance - Rate/Term

D

A

C

A

A

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

75

(redacted)

32086183

Credit

Title

Document Error

Title

The [redacted] is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Reviewer Comment (2024-10-31): Provide Final Title Policy: Exception Cleared Buyer Comment (2024-10-31): Please see the attached final title noting the coverage amount.

10/31/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Refinance - Rate/Term

D

A

C

A

A

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

75

(redacted)

32086184

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized.[redacted]  is missing. Sec ID: [redacted]

The file is missing the [redacted] required for securitization purposes.

Reviewer Comment (2024-10-29): Received the desk review which supports the appraised value. Buyer Comment (2024-10-29): Please see the attached CDA.

10/29/2024

1

D

A

D

A

D

A

D

A

D

A

CA

Primary

Refinance - Rate/Term

D

A

C

A

A

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

75

(redacted)

32086186

Compliance

Compliance

Federal Compliance

TRID

TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing

[redacted]  Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for [redacted] .  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-10-25): Sufficient Cure Provided At Closing

10/25/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Refinance - Rate/Term

Final CD evidences Cure

D

A

C

A

A

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

75

(redacted)

32086187

Credit

Income / Employment

Income Documentation

Missing Document

[redacted] Documents are missing.

-

[redacted]  in file indicates current tenants have received their deposits and are no longer renting the property. Provide evidence of new lease and new rental income used to qualify.

Reviewer Comment (2024-10-29): Upon further review this exception has been cleared. Lease agreement in the file for this property expired in [redacted] however, rental income was disclosed on the [redacted] Schedule E. Buyer Comment (2024-10-29): There is no positive rental income being used to qualify on this loan. Please advise why a current lease is necessary.

10/29/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Rate/Term

D

A

C

A

A

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

75

(redacted)

32086188

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

[redacted] Valuations Rule ([redacted] ): Borrower waived right to [redacted]  at least [redacted] ([redacted]) business days prior to closing, and appraisal was not provided at or before closing.

[redacted] 's receipt of the appraisal is missing from the file.

Reviewer Comment (2024-11-01): Received the E mail confirmation of appraisal report provided to the borrower on [redacted],Exception cleared . Buyer Comment (2024-11-01): Please see attached evidence that the correspondent lender provided copies of the appraisal to the borrower.

11/01/2024

1

A

A

A

A

A

CA

Primary

Refinance - Rate/Term

D

A

C

A

A

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

76

(redacted)

32086190

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised [redacted] Timing Before Closing

[redacted]  Integrated Disclosure: Revised [redacted]  provided on [redacted]  not received by borrower at least [redacted] ([redacted] ) business days prior to closing.

Verification of earlier borrower receipt of the revised [redacted]  is missing from the file.

Reviewer Comment (2024-11-04): [redacted] received proof of receipt. Buyer Comment (2024-11-04): Please see the attached from our [redacted] online documents screen which confirms the client reviewed the LE from [redacted] on [redacted]

11/04/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

No Defined Cure

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

77

(redacted)

32086193

Credit

Title

Document Error

Title

The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Reviewer Comment (2024-11-06): Received the ALTA supplement verifying sufficient coverage.  Exception cleared. Buyer Comment (2024-11-06): Please see the email from the title company and ALTA supplement attached which confirms the title policy coverage will match the loan amount. Final title policy is a trailing document per our contract and it will be forwarded once a copy is available

11/06/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Refinance - Rate/Term

B

A

B

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

78

(redacted)

32086209

Credit

Income / Employment

Income Documentation

Income / Employment

Income Docs Missing:

-

Please provide the third-party source of the employer's telephone number for the co-borrower's VVOE.

Reviewer Comment (2024-11-04): Received the lender's screenprint to verify how the employer's phone number was verified for the co-borrower's [redacted]. Buyer Comment (2024-11-04): Please see attached, VOE Tracking item notes confirming the source of the phone number is [redacted].

11/04/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Rate/Term

C

B

C

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

78

(redacted)

32086210

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Other Includes Insurance Costs

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed whether Homeowners insurance is included in escrow in incorrect section.  Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table.  Disclosure requirement met, non-material exception for incorrect format/placement.

Buyer Comment (2024-11-04): Seller acknowledges exception, no change to grading.

11/04/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Rate/Term

Good Faith Redisclosure

C

B

C

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

79

(redacted)

32086211

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Timing Before Closing

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least four ([redacted]) business days prior to closing.

Verification of earlier borrower receipt of the revised Loan Estimate was missing from the file.

Reviewer Comment (2024-11-05): [redacted] received proof of receipt. Buyer Comment (2024-11-05): Please see attached

11/05/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Second Home

Refinance - Rate/Term

No Defined Cure

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

79

(redacted)

32086212

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Timing Before Closing

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] ([redacted]) business days prior to closing.

Verification of earlier borrower receipt of the revised Loan Estimate was missing from the file.

Reviewer Comment (2024-11-05): [redacted] received proof of receipt. Buyer Comment (2024-11-05): Please see attached

11/05/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Second Home

Refinance - Rate/Term

No Defined Cure

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

79

(redacted)

32086213

Credit

Income / Employment

Income Documentation

Income / Employment

Income Docs Missing:

- ___

The third-party verification of employment for the Partnership was not time-stamped. Please provide evidence of when the lender obtained the verification for review.

Reviewer Comment (2024-11-05): Received screenshot verified third party verification document verified within [redacted] days of the note date. Exception cleared Buyer Comment (2024-11-05): please see attached

11/05/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Second Home

Refinance - Rate/Term

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

81

(redacted)

32093989

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

Title Policy is Preliminary or Commitment, and not a Final Title Policy.

Reviewer Comment (2024-10-29): Received the [redacted], Exception cleared .

10/29/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

81

(redacted)

32093990

Credit

Title

Document Error

Title

The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Reviewer Comment (2024-10-29): Received the [redacted] , which contain the policy amount, Exception cleared . Buyer Comment (2024-10-29): please see [redacted]  with sufficient coverage attached

10/29/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

81

(redacted)

32093993

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Timing Before Closing

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted]([redacted]) business days prior to closing.

Verification of earlier borrower receipt of the revised Loan Estimate was missing from the file.

Reviewer Comment (2024-10-31): [redacted] received proof of earlier electronic receipt Buyer Comment (2024-10-30): please see attached

10/31/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Cash-out - Other

No Defined Cure

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

81

(redacted)

32093994

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Timing Before Closing

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted]([redacted]) business days prior to closing.

Verification of earlier borrower receipt of the revised Loan Estimate was missing from the file.

Reviewer Comment (2024-10-31): [redacted] received proof of earlier electronic receipt Buyer Comment (2024-10-30): please see attached

10/31/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Cash-out - Other

No Defined Cure

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

81

(redacted)

32093995

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC)

Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The [redacted] form was used, the [redacted] form should have been used.

Reviewer Comment (2024-11-08): [redacted] , [redacted] , and [redacted] provided. New rescission period has passed, exception cured. Buyer Comment (2024-11-06): see attached Buyer Comment (2024-11-06): Please note the original [redacted] forms included in the attachment were not mailed to the borrower, only the new [redacted] forms were and client letter were mailed. Thank you Buyer Comment (2024-11-06): please see attached

11/08/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Other

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

81

(redacted)

32093996

Credit

Asset

Asset Calculation / Analysis

Asset

Guideline Requirement: Available for Reserves discrepancy.

Borrowers were qualified with [redacted]accounts with balances totaling $[redacted]less the balances for [redacted]excluded Amex [redacted]accounts totaling $[redacted]= $[redacted], which is insufficient to cover the required reserves of $[redacted]for [redacted]financed properties.

Reviewer Comment (2024-11-04): Received clarification from lender on the accounts the [redacted] were excluded from.  Exception cleared. Buyer Comment (2024-10-31): please see attached

11/04/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

82

(redacted)

32093998

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule ([redacted]): Creditor did not provide a copy of each valuation to applicant [redacted]([redacted]) business days prior to consummation.

Reviewer Comment (2024-11-08): Received evidence of receipt of the appraisal.  Exception cleared. Buyer Comment (2024-11-05): Please see attached confirmation from the correspondent lender that the borrower received the appraisal within the required timeframe.

11/08/2024

1

B

A

B

A

B

A

B

A

B

A

NJ

Primary

Purchase

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

82

(redacted)

32094000

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Property Costs Year [redacted] Underdisclosed - [redacted][redacted]

TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [redacted]of [redacted]on Final Closing Disclosure provided on [redacted] are underdisclosed

Reviewer Comment (2024-11-07): [redacted] received Letter of explanation and Corrected Closing disclosure. Buyer Comment (2024-11-07): Please see the attached corrected closing disclosure.

11/07/2024

2

C

B

C

B

C

B

C

B

C

B

NJ

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

82

(redacted)

32094003

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted]([redacted]) business days prior to closing.

The file only contained the final closing disclosure. Please provide the initial and any subsequent CD's (if applicable) issued to the borrower for review.

Reviewer Comment (2024-11-07): [redacted] received [redacted] Initial CD, [redacted]business days prior to the consummation. Buyer Comment (2024-11-07): Please see attached signed CD confirming borrower received and acknowledged the CD within the required timeframe.

11/07/2024

1

C

A

C

A

C

A

C

A

C

A

NJ

Primary

Purchase

No Defined Cure

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

82

(redacted)

32094004

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Will Not Have Escrow -  Reason

TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on[redacted] incorrectly disclosed whether the loan will have an escrow account.

Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account.

Reviewer Comment (2024-11-07): [redacted] received Letter of explanation and Corrected Closing disclosure. Buyer Comment (2024-11-07): Please see the attached corrected closing disclosure.

11/07/2024

2

C

B

C

B

C

B

C

B

C

B

NJ

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

82

(redacted)

32094005

Credit

Income / Employment

Income Documentation

Missing Document

REO Documents are missing.

-

The file is missing the insurance documentation for this property. Please provide for review.

Reviewer Comment (2024-11-08): Received evidence property is vacant land. Exception cleared. Buyer Comment (2024-11-05): Please see attached confirmation that the non-subject property is a vacant lot that does not require insurance.

11/08/2024

1

C

A

C

A

C

A

C

A

C

A

NJ

Primary

Purchase

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

83

(redacted)

32094008

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

Title Policy is Preliminary or Commitment, and not a Final Title Policy.

Reviewer Comment (2024-11-06): Final Title Policy provided.  Exception cleared.

11/06/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Refinance - Rate/Term

C

A

B

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

83

(redacted)

32094009

Credit

Title

Document Error

Title

The Preliminary title policy is within [redacted] or [redacted]  and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Reviewer Comment (2024-11-06): Received Final Title Policy reflecting correct coverage.  Exception cleared. Buyer Comment (2024-11-06): Please see attached, Final title policy confirming coverage amount.

11/06/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Refinance - Rate/Term

C

A

B

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

83

(redacted)

32094010

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Timing Before Closing

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] ([redacted]) business days prior to closing.

Verification of earlier borrower receipt of the revised Loan Estimate is missing from the file.

Reviewer Comment (2024-11-04): [redacted] received proof of receipt. Buyer Comment (2024-11-04): Please see attached, Internal time stamp confirming the LE was viewed on[redacted]

11/04/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Rate/Term

No Defined Cure

C

A

B

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

83

(redacted)

32094011

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank [redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted] ([redacted]) business days prior to closing, and appraisal was not provided at or before closing.

Verification of the borrower's receipt of the appraisal is missing from the file.

Reviewer Comment (2024-11-08): Received borrower receipt of appraisal.  Exception cleared. Buyer Comment (2024-11-07): Please see attached, Confirmation from the borrower that the appraisal was viewed by the borrower. Reviewer Comment (2024-11-06): At clients request Buyer Comment (2024-11-04): Seller acknowledges exception, no change to grading.

11/08/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Refinance - Rate/Term

C

A

B

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

84

(redacted)

32094014

Credit

Title

Document Error

Title

The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Reviewer Comment (2024-11-08): Received ALTA Supplement verifying sufficient coverage.  Exception remains. Buyer Comment (2024-11-07): please see attached Reviewer Comment (2024-11-06): The ALTA Supplement was for a different file for a property on [redacted] .  Please provide the documentation for the subject loan verifying sufficient coverage.  Thanks! Buyer Comment (2024-11-06): Please see the email from the title company and ALTA supplement attached which confirms the title policy coverage will match the loan amount. Final title policy is a trailing document per our contract and it will be forwarded once a copy is available

11/08/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Purchase

B

A

B

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

86

(redacted)

32094059

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Estimated Escrow Payment Under Disclosed Test

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] did not disclose the escrow payment for payment stream [redacted].

Reviewer Comment (2024-11-07): [redacted]received [redacted] Final CD Buyer Comment (2024-11-06): Please see attached, closing disclosure with the missing information filled in.

11/07/2024

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, and Corrected CD

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

86

(redacted)

32094060

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Estimated Total Minimum Payment

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] did not disclose the minimum Estimated Total Monthly Payment for payment stream [redacted].

Reviewer Comment (2024-11-07): [redacted]received [redacted] Final CD Buyer Comment (2024-11-06): Please see attached, closing disclosure with the missing information filled in.

11/07/2024

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

86

(redacted)

32094061

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Estimated Taxes, Insurance And Assessments

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] did not disclose an Estimated Taxes, Insurance, and Assessments payment.

Projected Payments: Final Closing Disclosure provided on [redacted] did not disclose an Estimated Taxes, Insurance, and Assessments payment.

Reviewer Comment (2024-11-07): [redacted]received correct copy of final CD. Buyer Comment (2024-11-06): Please see attached, closing disclosure with the missing information filled in.

11/07/2024

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

86

(redacted)

32094062

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Incomplete

TILA-RESPA Integrated Disclosure: Incomplete Closing Disclosure was signed by borrower and cannot be excluded from testing. Corresponding exceptions for inaccurate disclosures and under/over disclosures resulting from use of incomplete Closing Disclosure are valid and will need to be cured (if curable).

Incomplete Closing Disclosure was signed by borrower and cannot be excluded from testing. Corresponding exceptions for inaccurate disclosures and under/over disclosures resulting from use of incomplete Closing Disclosure are valid and will need to be cured (if curable).

Reviewer Comment (2024-11-07): [redacted]received [redacted] Final CD Buyer Comment (2024-11-06): Please see attached, closing disclosure with the missing information filled in.

11/07/2024

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Purchase

Provide the following: Letter of Explanation notifying borrower or error, Corrected CD, and Proof of Delivery (Proof of receipt and reopened rescission also required if transaction is rescindable and material disclosures are inaccurate)

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

86

(redacted)

32094063

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Loan Term

TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on[redacted] did not disclose the Loan Term.

General Information: Final Closing Disclosure provided on [redacted]did not disclose the Loan Term.

Reviewer Comment (2024-11-07): [redacted] received[redacted]  Final CD Buyer Comment (2024-11-06): Please see attached, closing disclosure with the missing information filled in.

11/07/2024

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

86

(redacted)

32094064

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Payment Calculation Years

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted]did not disclose a range of years.

Projected Payments: Final Closing Disclosure provided on [redacted] did not disclose a range of years.

Reviewer Comment (2024-11-07): [redacted]received [redacted] Final CD Buyer Comment (2024-11-06): Please see attached, closing disclosure with the missing information filled in.

11/07/2024

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

86

(redacted)

32094065

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Principal and Interest

TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted]disclosed a Principal and Interest Payment that does not match the actual payment for the loan.

Final Closing Disclosure provided on [redacted] disclosed a Principal and Interest Payment that does not match the actual payment for the loan.

Reviewer Comment (2024-11-07): [redacted]received [redacted]Final CD Buyer Comment (2024-11-06): Please see attached, closing disclosure with the missing information filled in.

11/07/2024

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

86

(redacted)

32094066

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Projected Mortgage Insurance Paystream [redacted]

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed a '-' in the initial payment stream.

Projected Payments: Final Closing Disclosure provided on [redacted] disclosed a '-' in the initial payment stream.

Reviewer Comment (2024-11-07): [redacted]received [redacted] Final CD Buyer Comment (2024-11-06): Please see attached, closing disclosure with the missing information filled in.

11/07/2024

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

86

(redacted)

32094067

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Projected P&I Payment Min Payment Fixed Rate Initial Payment

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] did not disclose the periodic principal and interest payment for payment stream [redacted].

Projected Payments: Final Closing Disclosure provided on [redacted] did not disclose the periodic principal and interest payment for payment stream [redacted].

Reviewer Comment (2024-11-07): [redacted]received [redacted] Final CD Buyer Comment (2024-11-06): Please see attached, closing disclosure with the missing information filled in.

11/07/2024

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

86

(redacted)

32094068

Compliance

Compliance

Federal Compliance

TRID

TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure

TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD.

Seller paid fees on the seller's closing disclosure are not consistent with those reflected on the borrower's final closing disclosure.

Reviewer Comment (2024-11-07): [redacted]received [redacted]Final CD

11/07/2024

1

A

A

A

A

A

A

A

A

A

A

MA

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

86

(redacted)

32094069

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure:[redacted]Percent Fee Tolerance exceeded for Lender Credits.  Final Lender Credit of $[redacted]exceeds tolerance of $-[redacted]. Insufficient or no cure was provided to the borrower.

The Lender Credit was last disclosed as $[redacted]on the Loan Estimate dated [redacted], but was disclosed as $[redacted]on the Final Closing Disclosure with Date Issued of [redacted].  No valid COC was provided for this change, nor evidence of cure.  Provide a post close CD disclosing the tolerance violation of $[redacted], a copy of the refund check, proof of delivery, and a copy of the LOE to the borrower disclosing the changes made.

Reviewer Comment (2024-11-07): [redacted]received correct copy of final CD. Buyer Comment (2024-11-06): Please see attached, closing disclosure with the missing information filled in.

11/07/2024

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

(redacted)

87

(redacted)

32127070

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.

Loan Discount Points. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. The increase is due to the borrower portion increasing to $[redacted]on the final CD from $[redacted]on the prior Closing Disclosure due to a reduction in the amount paid by the Realtor.  A copy of the refund check, proof of delivery, and a copy of the LOE to the borrower disclosing the changes made.

Reviewer Comment (2024-11-12): [redacted] received additional information on change in realtor credit allocation to borrower fees, resulting in the change of credit allocated. [redacted]  for increase in borrower paid portion of discount points provided. Reviewer Comment (2024-11-11): [redacted] received System snip for the duplicate agent credit removed on CD and send revised CD. But it does not give sufficient information on what impacts and why the fee was increased on Final CD dated [redacted]. In order to determine if the changed circumstance is valid more information is necessary on reason for the fee increase and to provide supporting information on when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2024-11-11): Please see the attached full explanation of the change in circumstance that occurred.

11/12/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No