EX-99.9 10 e8143ex99-9.htm OPUS EXCEPTION REPORT

Exhibit 99.9

Customer Loan ID Loan Exception ID Exception ID Originator QM/ATR Status TPR QM/ATR Status Exception Approved Pre Origination Exception Category Exception Subcategory Exception Description Exception Comments Seller Response Reviewer Response Compensating Factors Material Exception Flag Subject to Predatory Lending HUD Category Initial Exception Grade Final Exception Grade Initial DBRS Exception Grade Final DBRS Exception Grade Initial Moody's Exception Grade Final Moody's Exception Grade Initial Fitch Exception Grade Final Fitch Exception Grade Initial Kroll Exception Grade Final Kroll Exception Grade Initial S&P Exception Grade Final S&P Exception Grade Exception Status
419802701 fbe922ec-b0bc-4e39-9b76-ec5f2e13a7ff 3296   Non-QM/Compliant   Compliance   Closing Disclosure document error The Homeowner's Insurance Premium reflected in Section F of the final Closing Disclosure is missing the number of months collected.    Non-material per SFIG guidance, loan will be graded a B for all agencies.     Y   3 2 D B D B D B D B D B Acknowledged
419802701 e764ce77-7de6-4a3a-8c24-30e623b520b1 3181   Non-QM/Compliant   Compliance   Incorrect disclosure of Services Borrower DID NOT SHOP Fee - Section B A Flood Cert Fee was not reflected in Section B of the Closing Disclosure despite evidence of a flood cert is in the file. The Flood Cert Fee should be disclosed in section B of the Closing Disclosure or an attestation that no fee was allocated to the loan transaction must be provided. Provide corrected CD and LOE to the Borrower.   Non-material per SFIG guidance, loan will be graded a B for all agencies.     Y   3 2 D B D B D B D B D B Acknowledged
419802701 fea7ccb9-29f7-e811-bc73-f4e9d4a75ba2 76   Non-QM/Compliant   Property   570 - Review Appraisal Missing A CDA report is missing from the loan file.   12/18/2018: CDA Received, supports appraised value.      Y   3 1 D A D A D A D A D A Cleared
419802746 9eee721f-5854-40c9-9068-216fee23e7d7 3278   Non-QM/Compliant   Compliance   Funding occurred before RTC Expiration Date Right to Cancel provided in the loan file reflects an expiration date which is the same day as the loan disbursement- not giving the Borrower a full 3 days rescission.  The file did not contain any additional documentation to verify Right of Rescission adherence. 12/21/2018: PCCD and LOE provided.  12/21/2018: PCCD and LOE provided showing the correct disbursement date. 3 day rescission provided. Exception cleared.      Y   3 1 C A C A D A C A C A Cleared
419802746 41140d9b-d84e-41a8-8ec7-de049d56a86e 3181   Non-QM/Compliant   Compliance   Incorrect disclosure of Services Borrower DID NOT SHOP Fee - Section B The final Closing Disclosure does not reflect a Flood Cert Fee or a Credit Report Fee in Section B despite a Flood Cert and a Credit Report being obtained. The fee is required to be disclosed or an attestation provided that no fee was allocated to the transaction. Provide corrected CD and letter of explanation to the Borrower.   Non-material per SFIG guidance, loan will be graded a B for all agencies.     Y   3 2 D B D B D B D B D B Acknowledged
419802746 1198cb17-e22c-4ca1-af9f-24ecba48cf23 3175   Non-QM/Compliant   Compliance   Origination Charges - Section A on C.D. exceeds L.E. Fee (0% Variance) - not supported by C.O.C The Origination Charges in Section A are subject to 0% variance. The initial LE issued by the broker reflects an Underwriting Fee of $XXX with no resulting COC for any subsequent disclosures.  Final CD reflects an Underwriting Fee of $XXX for a variance/refund required of $XXX.  Provide corrected CD, evidence of Refund to the Borrower, letter of explanation and proof of delivery to the Borrower. 12/21/2018: COC provided for the fee increase. 12/13/2018: In regards to this condition, I would like to know what other valid reason you’re asking for?  As stated in the COC form, the UW fee increased from $XXX to $XXX due to XXX guidelines.  If you look at the guideline that was provided, for Refi and loan programs as XXX, UW fee is $XXX.  What other valid reason can there be?12/12/2018: COC provided COC and Lender guidelines provided. 12/21/2018: Valid COC provided for the U/W fee increase due to loan program change. Exception cleared. 12/14/2018: Lender responded the COC form and the lender's guidelines are the valid reason for the increased fee.  Since the broker is approved to disclose the initial LE, the Lender fees should be known by the broker and should be correctly disclosed at the time of the issuance of the initial LE.  Exception remains. 12/13/2018: Lender provided COC and Lender guidelines; however, the COC does not reflect a valid reason for increase in section A fees.  Exception remains.     Y   3 1 D A D A D A D A D A Cleared
419802746 cb8ddf39-94fc-e811-bc73-f4e9d4a75ba2 76   Non-QM/Compliant   Property   570 - Review Appraisal Missing A CDA report is missing from the loan file.   12/18/2018:  CDA Received, supports appraised value.     Y   3 1 D A D A D A D A D A Cleared
419909082 ff2b53ba-e6c8-4271-b16d-9d137df3fc4d 3218   Non-QM/Compliant   Compliance   CD Document does not match actual calculated values for Estimated Total Monthly Payment The final Closing Disclosure does not match actual calculated values for Estimated Total Monthly Payment. The CD shows the minimum payment amount for Year 8 as $XXX, and for Years 9-30 minimum payment as $XXX. The calculated minimum payment amount for Years 8-30 is $X,XXX.XX. Provide corrected CD, letter of explanation, proof of delivery and re-open rescission, if applicable. 01/24/2019: PCCD, LOE and proof of delivery provided.  01/24/2019: PCCD, LOE and proof of delivery provided. Loan will be graded B for all agencies.      Y   3 2 D B D B D B D B D B Cleared
419909082 dd78d485-de3b-4f96-8735-d5354640301a 3215   Non-QM/Compliant   Compliance   CD Document does not match actual calculated values for Principal & Interest The final Closing Disclosure reflects a minimum Principal & Interest payment amount for Year 8 of $XXX and for Years 9-30 as $XXX. The calculated payment amount for Years 8-30 is $XXX.XX. Provide corrected CD, letter of explanation, proof of delivery and re-open rescission, if applicable. 01/24/2019: PCCD, LOE and proof of delivery provided.   01/24/2019: PCCD, LOE and proof of delivery provided. Loan will be graded B for all agencies.      Y   3 2 D B D B D B D B D B Cleared
419909082 e16b7d42-b476-4888-9344-43d7f97c4965 3296   Non-QM/Compliant   Compliance   Closing Disclosure document error The final Closing Disclosure fails to itemize the Recording Fees in Section E as required by regulation.  Provide re-disclosed CD and letter of explanation.   Non-material per SFIG guidance, loan will be graded a B for all agencies.     Y   3 2 D B D B D B D B D B Acknowledged
419909082 29c8bed8-4c0c-44c4-bf28-c8e0e01edc13 3181   Non-QM/Compliant   Compliance   Incorrect disclosure of Services Borrower DID NOT SHOP Fee - Section B A Flood Cert fee was not reflected in section B of the final Closing Disclosure despite evidence of a flood cert in the file. The Flood Cert fee should be disclosed in section B of the final Closing Disclosure or an attestation that no fee was allocated to the loan transaction must be provided.   Non-material per SFIG guidance, loan will be graded a B for all agencies.     Y   3 2 D B D B D B D B D B Acknowledged
419909082 ae38bc46-4692-4330-a1cf-c5ca6979cee2 3252   Non-QM/Compliant   Compliance   Information required for CD 'Adjustable Interest Rate (AIR)' table not completed, or completed in error The Adjustable Interest (AIR) Table on the final Closing Disclosure has the incorrect information for Minimum/Maximum Interest Rate.  The field reflects 3.250% vs. the correct value of 5.625% as indicated on the Note.  Provide re-disclosed CD and letter of explanation.  01/24/2019: PCCD, LOE and proof of delivery provided.   01/24/2019: PCCD, LOE and proof of delivery provided. Loan will be graded B for all agencies.      Y   3 2 D B D B D B D B D B Cleared
419909082 bf9faab2-0419-e911-bd2f-f4e9d4a75a52 76   Non-QM/Compliant   Property   570 - Review Appraisal Missing A CDA report was not provided.   01/29/2019: CDA Received, supports appraised value.     Y   3 1 D A D A D A D A D A Cleared