EX-99.12 13 ex99-12.htm AMC EXCEPTION GRADES
 

CSMC 2021-NQM7 Trust ABS-15G

 

Exhibit 99.12

 

Exception Grades

Run Date - 10/20/2021 5:16:24 PM                                                                      

AMC 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 Exception Level Rating Note Date Property State Occupancy Purpose Exception Remediation Overall
Initial Loan Grade		 Overall
Final Loan Grade		 Credit
Initial Loan Grade		 Credit
Final Loan Grade		 Compliance
Initial Loan Grade		 Compliance
Final Loan Grade		 Property
Initial Loan Grade		 Property
Final Loan Grade		 Originator QM ATR Status TPR QM ATR Status Is Curable
207985444 XXX XXX   14036169     Credit Guideline Guideline Issue Guideline The file is missing evidence of the Total Monthly Income taxes used by lender to calculate the VA Residual Income.   VA residual worksheet missing from file.       Reviewer Comment (2018-04-26): VA WS provided.


Seller Comment (2018-04-24): Here you go :)


Reviewer Comment (2018-04-24): This loan is HPML


Seller Comment (2018-04-20): This worksheet is required on the following transactions:
HPMLs and loans with DTI > [Redact]
 04/26/2018     1 A   CO Primary Purchase   C B C B C B A A Non QM Non QM No
207985444 XXX XXX   14036173     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redact] or Final Disclosure APR of [Redact] is in excess of allowable threshold of APOR [Redact] + 2.5%, or [Redact].  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-04-19): Compliant Higher Priced Mortgage Loan.
     04/19/2018 1 A   CO Primary Purchase   C B C B C B A A Non QM Non QM No
207985444 XXX XXX   14036176     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redact] incorrectly disclosed whether the loan allows for Assumption. (Final/[Redact]) The Final CD reflected lender did not allow for assumption, however the Note contains assumption language.       Reviewer Comment (2018-04-24): PC CD was provided correcting the issue.  The PC CD was accompanied by a letter of explanation to the borrower.  This is the appropriate documentation required to cure the exception.


Seller Comment (2018-04-20): please provide PC CD, LOE and delivery to borrower
   04/24/2018   2 B   CO Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
207985444 XXX XXX   14036179     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Partial Payments TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redact] incorrectly disclosed whether the loan allows for Partial Payments. (Final/[Redact]) The Final Closing Disclosure was not completed for this section.       Reviewer Comment (2018-04-24): PC CD was provided correcting the issue.  The PC CD was accompanied by a letter of explanation to the borrower.  This is the appropriate documentation required to cure the exception.


Seller Comment (2018-04-20): please provide PC CD, LOE and delivery to borrower
   04/24/2018   2 B   CO Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
207985444 XXX XXX   14036184     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. (Final/[Redact]) Seller's final CD contained fees not reflected on the consumer's CD.       Buyer Comment (2018-04-20): non-material: Seller Fees did not include any borrower closing costs that increased and were switched to seller-paid.
     04/20/2018 1 A   CO Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
207985444 XXX XXX   14036187     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Verified reserves are short.  Lenders worksheet in file incorrectly noted number of months needed, and funds needed to close were higher than estimated on worksheet. Owned prior residence for 18 years

0 X 30 24 month housing history		     Reviewer Comment (2018-04-24): Client elected to waive the exception with verified compensating factors.


Buyer Comment (2018-04-24): [Redact] waive w/comp factors:
0 X 30 24 month housing history
Prior residence owned for [redacted] years
     04/24/2018 2 B   CO Primary Purchase   C B C B C B A A Non QM Non QM No
208735298 XXX     15242069     Credit Insurance Insurance Analysis Insurance Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.   The Mortgagee clause did not include "its successors and/or assigns"               2 B   VA Investment Refinance - Cash-out - Other   C B B B     C A     No
208735298 XXX     15294780     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to go in a securitization and reflects only one valuation product when two are required.   The file was missing a secondary valuation required for securitization purposes       Reviewer Comment (2019-12-12): A desk review was obtained supporting the appraised value
 12/12/2019     1 A   VA Investment Refinance - Cash-out - Other   C B B B     C A     No
209985989 XXX XXX   16692088     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.   The Loan file is missing The Final Title Policy.       Reviewer Comment (2020-01-06): final title provided.
 01/06/2020     1 A   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
209985989 XXX XXX   16692095     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.         Reviewer Comment (2020-01-07): This cleared due to the DTI exceptions being waived.
 01/07/2020     1 A   CA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C B C B C B A A Non QM Non QM Yes
209985989 XXX XXX   16692099     Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted]% moderately exceeds the guideline maximum of 43.00%. (DTI Exception is eligible to be regraded with compensating factors.)   over 5 years self-employed with the same business.

Over $[redacted] in residual income vs. the $2500 minimum.		   Originator

Originator		 Reviewer Comment (2020-01-06): Client elects to waive. Exception waiver approval provided.  Compensating factors: Residual income and years on the job.
     01/06/2020 2 B   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
209985989 XXX XXX   16692102     Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus 10% or $[redacted].  Insufficient or no cure was provided to the borrower. Post closed Cd shows cure of $ [redacted]       Reviewer Comment (2020-01-06): SSPL - borrower shopped for title fees
 01/06/2020     1 A   CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
209985989 XXX XXX   16692114     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Lender paid fees.       Reviewer Comment (2020-01-06): COC provided
 01/06/2020     1 A   CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
209985989 XXX XXX   16692118     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Rounding issue over 5 years self-employed with the same business.

Over $[redacted] in residual income vs. the $2500 minimum.		   Originator

Originator		 Reviewer Comment (2020-01-06): Client elects to waive. Exception waiver approval provided.  Compensating factors: Residual income and years on the job.
     01/06/2020 2 B   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
209985989 XXX XXX   16692121     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. Rounding issue only.       Reviewer Comment (2020-01-06): Client waived the DTI issue.
 01/06/2020     1 A   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
209985989 XXX XXX   16692127     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Lien(s) negatively impacting title   provide final title to reflect liens removed.       Reviewer Comment (2020-01-06): Final title provided with no liens listed.
 01/06/2020     1 A   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
209985989 XXX XXX   16692128     Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Exception in file for loan amount max. One for the compensating factors is excess reserves. The borrower is required to have 12 months, and the borrower has 12 months in reserves. over 5 years self-employed with the same business.

Over $[redacted] in residual income vs. the $2500 minimum.		   Originator

Originator		 Reviewer Comment (2020-01-06): Client elects to waive. Exception waiver approval provided.  Compensating factors: Residual income and years on the job.
     01/06/2020 2 B   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
211367827 XXX XXX   17714418     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Deal Summary not provided   Lender's Approval or a signed 1008 with loan characteristics missing from loan file.       Reviewer Comment (2020-06-25): Client accepting Schedule 1: To Loan Purchase Certificate: Loan Description as Approval.


Seller Comment (2020-06-24): please refer to LPC


Reviewer Comment (2020-06-15): Approval/1008 is missing not to revise the 1003


Seller Comment (2020-06-15): loan characteristics not required on application
 06/25/2020     1 A   PA Investment Refinance - Cash-out - Other   C A C A     A A     No
211367827 XXX XXX   17714475     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.           Reviewer Comment (2020-06-29): Updated policy with sufficient dwelling coverage provided


Seller Comment (2020-06-29): attached


Reviewer Comment (2020-06-29): Last upload was on [redacted]. Please try uploading again.


Seller Comment (2020-06-26): Updated EOI attached


Reviewer Comment (2020-06-25): Provide updated documents once received for review.


Seller Comment (2020-06-24): PS is reaching out to increase coverage
 06/29/2020     1 A   PA Investment Refinance - Cash-out - Other   C A C A     A A     No
211367830 XXX XXX   17708822     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided           Reviewer Comment (2020-06-15): Business Purpose Cert was provided.
 06/15/2020     1 A   NJ Investment Purchase   D A D A     A A     No
211367830 XXX XXX   17708826     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Guarantor Agreement not provided           Reviewer Comment (2020-06-19): Guarantor Agreement provided.


Buyer Comment (2020-06-18): Uploaded Guaranty
 06/19/2020     1 A   NJ Investment Purchase   D A D A     A A     No
211367830 XXX XXX   17708830     Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided           Reviewer Comment (2020-06-15): Note was provided.
 06/15/2020     1 A   NJ Investment Purchase   D A D A     A A     No
211367830 XXX XXX   17708832     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Non-Owner Occupancy Declaration not provided           Reviewer Comment (2020-06-19): Non-Owner Occupancy Declaration provided.


Seller Comment (2020-06-19): attached


Reviewer Comment (2020-06-15): Non-Owner Occupancy Declaration provided is not signed.
 06/19/2020     1 A   NJ Investment Purchase   D A D A     A A     No
211367830 XXX XXX   17725759     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided   Lender's Approval or a signed 1008 with loan characteristics is missing from loan file.       Reviewer Comment (2020-06-29): Client accepts Schedule 1: [redacted]: Loan Description as Approval


Seller Comment (2020-06-26): attached


Reviewer Comment (2020-06-25): The LPC is not contained in this file. Please provide.


Seller Comment (2020-06-24): please refer to LPC


Reviewer Comment (2020-06-15): Approval/1008 is needed not updated 1003


Seller Comment (2020-06-15): Loan characteristics not required on application.
 06/29/2020     1 A   NJ Investment Purchase   D A D A     A A     No
211367830 XXX XXX   17725760     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   Property Management Questionnaire was not provided.       Reviewer Comment (2020-06-25): Per client, per Section 7.04 of the guidelines RRR will consider the borrower to have no property management experience (and therefore no questionnaire required) if the questionnaire is absent from the file AND the rate has been adjusted the required [redacted]% above the Starting Rate. Purchase, experience form is absent and rate was adjusted.


Seller Comment (2020-06-24): n/a - track record is [redacted]


Reviewer Comment (2020-06-15): Property Management Questionnaire is a guideline requirement. Also, the file does not contain evidence of [redacted] months of rental income if the property is self-managed.


Seller Comment (2020-06-15): Questionnaire not required as track record was set to 0 and the rate was increased
 06/25/2020     1 A   NJ Investment Purchase   D A D A     A A     No
211367830 XXX XXX   17725782     Credit Loan Package Documentation Loan File Missing Document  Missing Document: Hazard Insurance Policy not provided   Hazard Insurance provided for current investment owned, not subject property.       Reviewer Comment (2020-06-18): HOI for subject was provided.


Buyer Comment (2020-06-18): Evidence of insurance found in the Key Docs file covers the subject property shown on the Security Instrument.
 06/18/2020     1 A   NJ Investment Purchase   D A D A     A A     No
211367836 XXX XXX   17726008     Credit Insurance Insurance Analysis Insurance Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.           Reviewer Comment (2020-06-24): Evidence ISAOA is part of the mortgagee was provided.


Seller Comment (2020-06-23): Page 3, item 1 of the uploaded doc contains ISAOA language


Reviewer Comment (2020-06-19): Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.


Seller Comment (2020-06-19): see attached
 06/24/2020     1 A   CA Investment Purchase   C A C A     A A     No
211367836 XXX XXX   17726039     Credit Credit Miscellaneous Guideline Credit Exception:   PDTI [redacted]% vs. max of 90%. It appears lender did not qualify loan using[redacted]% CA tax rate.       Reviewer Comment (2020-06-15): Tax amount was from the tax search in the file.
 06/15/2020     1 A   CA Investment Purchase   C A C A     A A     No
211367854 XXX XXX   17712120     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided           Reviewer Comment (2020-06-24): EIN was provided.


Seller Comment (2020-06-23): see attached


Reviewer Comment (2020-06-16): EIN: [redacted] was provided missing the actual document to verify
 06/24/2020     1 A   OH Investment Purchase   C A C A     A A     No
211367854 XXX XXX   17712459     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Documented qualifying Assets for Closing of  ___ is less than Cash From Borrower ___. Statements provided do not reflect sufficient assets to meet cash to close and Reserve Ratio requirements. Statements dated [redacted] were more than 60 days old and excluded from totals.  ([redacted] statements provided quarterly were included).       Reviewer Comment (2020-06-16): Cash to close is not required to be verified
 06/16/2020     1 A   OH Investment Purchase   C A C A     A A     No
211367854 XXX XXX   17728643     Credit Asset Asset Documentation Asset Insufficient funds for Reserves. Guidelines require ___, and verified reserves are ___. Statements provided do not reflect sufficient assets to meet cash to close and Reserve Ratio requirements. Statements dated [redacted] were more than 60 days old and excluded from totals.  ([redacted] statements provided quarterly were included).       Reviewer Comment (2020-06-16): Cash to close is not netted from the liquidity test.
 06/16/2020     1 A   OH Investment Purchase   C A C A     A A     No
211367861 XXX XXX   17711373     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided           Reviewer Comment (2020-06-19): EIN was provided


Seller Comment (2020-06-19): see attached (right hand side of screen)


Reviewer Comment (2020-06-16): EIN number provided however documentation verifying EIN is required. Exception remains.


Seller Comment (2020-06-16): EIN: [redacted]
 06/19/2020     1 A   OH Investment Refinance - Cash-out - Other   C A C A     A A     No
211367863 XXX XXX   17713902     Compliance Compliance State Compliance State Late Charge Note Error: Note late charge percentage exceeds maximum per state   The late charge percentage of 10% exceeds the maximum allowed state requirement.       Reviewer Comment (2020-06-25): The Late Charge regulations do not apply to business purpose investment property.


Reviewer Comment (2020-06-25): Cleared in error. Pending further clarification.


Seller Comment (2020-06-24): please point to statute
 06/25/2020     1 A   NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
211367863 XXX XXX   17713903     Compliance Loan Package Documentation Closing / Title Misc. State Level Note Error: Note grace period days less than minimum per state   The grace period of 10 days does not meet the minimum state requirement.       Reviewer Comment (2020-06-25): Cleared in error. Pending further clarification.


Seller Comment (2020-06-24): please point to statute
       2 B   NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
211367863 XXX XXX   17730111     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided   Missing a Lender's Approval or signed 1008 with loan characteristics.       Reviewer Comment (2020-06-25): Client accepting Schedule 1: To Loan Purchase Certificate: Loan Description as Approval.


Seller Comment (2020-06-24): refer to LPC as discussed


Reviewer Comment (2020-06-16): Approval/1008 is need not a revised 1003


Seller Comment (2020-06-16): Loan characteristics not required on application.
 06/25/2020     1 A   NJ Investment Refinance - Cash-out - Other   C A C A     A A     No
211367894 XXX XXX   17734603     Credit Credit Credit Eligibility Guideline Public Record Issue: - Title Commitment reflects a possible Judgment in Item B-7, which is not omitted based on the Closing Instructions.  Please provide proof of paid judgment or Final Title reflecting a clear first lien position.       Reviewer Comment (2020-06-24): Final title was provided with only the subject lein


Seller Comment (2020-06-23): final title attached
 06/24/2020     1 A   NJ Investment Refinance - Cash-out - Other   B A B A     A A     No
211367919 XXX XXX   17737038     Credit Credit Miscellaneous Guideline Credit Exception:   Leases with less than three (3) months remaining at the time of origination will require copies of the previous three (3) months of rent checks that align to the rental rate on the lease.       Reviewer Comment (2020-06-24): Estoppel Certificate for lease extension was provided.


Seller Comment (2020-06-23): see estoppel attached
 06/24/2020     1 A   MA Investment Refinance - Cash-out - Other   C A C A     A A     No
211367924 XXX XXX   17737230     Credit Credit Miscellaneous Guideline Credit Exception:   Guaranty Agreement from the Principal with greater than 33% interest did not sign a Guaranty Agreement.

Per operating agreement Pg 114 D13, [redacted] (who signed the Guarantor agreement owns 25%).  The partner with the controlling interest (50%) [redacted] did NOT sign a Guaranty agreement.

Note:  All docs including the POA are signed using a POA (Copy of POA in file D49/50).  Signing authority located D 136.		       Reviewer Comment (2020-07-08): A Guaranty signed by the principal owner was provided.


Seller Comment (2020-07-07): guaranty attached


Reviewer Comment (2020-06-25): Please provide for review once received.


Seller Comment (2020-06-24): Reaching out to lender to have [redacted]execute guaranty. Not currently on file
 07/08/2020     1 A   CT Investment Purchase   C A C A     A A     No
211367924 XXX XXX   17737374     Credit Fix and Flip General Fix and Flip Verification of Borrower's identity is missing. -         Reviewer Comment (2020-07-08): Identification was provided


Seller Comment (2020-07-07): attached


Reviewer Comment (2020-06-25): Please provide for review once received.


Seller Comment (2020-06-24): PS reaching out to originating lender to provide DL for [redacted]
 07/08/2020     1 A   CT Investment Purchase   C A C A     A A     No
211367924 XXX XXX   17737375     Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003 Error: Citizenship  was not provided -         Reviewer Comment (2020-07-08): Citizenship was provided


Seller Comment (2020-07-07): see attached email from [redacted]


Reviewer Comment (2020-06-25): Application provided is for [redacted]. Request for citizenship status is being requested for [redacted]


Seller Comment (2020-06-24): SSN on loan app
 07/08/2020     1 A   CT Investment Purchase   C A C A     A A     No
211367924 XXX XXX   17737399     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   The one in the file not signed and dated       Reviewer Comment (2020-07-08): Business Purpose Certificate was provided


Seller Comment (2020-07-07): attached


Reviewer Comment (2020-06-25): Please provide for review once received.


Seller Comment (2020-06-25): PS reaching out to the originating lender to provide. Please confirm this can trail post-close
 07/08/2020     1 A   CT Investment Purchase   C A C A     A A     No
211600560 XXX XXX   17883740     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of [Redact] exceeds tolerance of [Redact].  Sufficient or excess cure was provided to the borrower at Closing.             09/06/2019   1 A   MO Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
214261047 XXX XXX   20476242     Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete HUD-1 Missing Final HUD-1           Reviewer Comment (2021-01-25): Received


Buyer Comment (2021-01-22): Please see attached executed CD
 01/25/2021     1 A   FL Investment Purchase   D A D A     A A     No
214261047 XXX XXX   20476243     Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided           Reviewer Comment (2021-01-22): Purchase contract does not say there are leases.


Buyer Comment (2021-01-21): Not required. The property is vacant. Income from the appraisal market rent. $[redacted]
 01/22/2021     1 A   FL Investment Purchase   D A D A     A A     No
214261047 XXX XXX   20476245     Compliance Compliance Miscellaneous Compliance Compliance Other Compliance Exception (Manual Add)   The compliance report was not provided in the loan file.       Reviewer Comment (2021-01-22): Received


Buyer Comment (2021-01-21): Please see attached Compliance report. Please note this is a I10 and [redacted] does higher priced loans.
 01/22/2021     1 A   FL Investment Purchase   D A D A     A A     Yes
214991672 XXX XXX   21181500     Credit Credit Credit Documentation Credit Missing Document: Compliance Report (Mavent, ComplianceEase, etc.) not provided   Mavent or alternate compliance document not provided       Reviewer Comment (2021-05-24): Cleared


Buyer Comment (2021-05-22): uploaded report.
 05/24/2021     1 A   NJ Primary Purchase   C B C A C B A A Non QM Non QM No
214991672 XXX XXX   21181502     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. correct based on tolerance       Reviewer Comment (2021-05-24): Sufficient cure provided at closing.


Buyer Comment (2021-05-22): See Final CD reflecting Lender's Credit for the Appraisal Fee.
   05/24/2021   2 B   NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
214991672 XXX XXX   21181503     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $52.12 exceeds tolerance of $50.00.  Insufficient or no cure was provided to the borrower. correct based on tolerance       Reviewer Comment (2021-05-24): Sufficient cure provided at closing.


Buyer Comment (2021-05-22): See Final CD reflecting Lender Credit for the Credit Report
   05/24/2021   2 B   NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
214991672 XXX XXX   21181504     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Sewer Inspection Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. correct based on tolerance       Reviewer Comment (2021-05-26): [redacted] received corrected CD along with LOX moving fees to section H and therefore cure not required.


Buyer Comment (2021-05-25): See uploaded documents
 05/26/2021     1 A   NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
214991672 XXX XXX   21181505     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. correct based on tolerance       Reviewer Comment (2021-05-26): [redacted] received corrected CD along with LOX moving fees to section H and therefore cure not required.


Buyer Comment (2021-05-25): See uploaded documents.
 05/26/2021     1 A   NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
214991672 XXX XXX   21181507     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). Buyers attorney fee was disclosed in section C, and is a finance charge.  Cure required.       Reviewer Comment (2021-05-26): [redacted]received Corrected CD and LOE revising fees to correct section and proper fee names.


Buyer Comment (2021-05-25): See uploaded documents.
 05/26/2021     1 A   NJ Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM Yes
214991672 XXX XXX   21181508     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Buyer's Attorney.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Buyers attorney fee was disclosed in section C, and is a finance charge.  Cure required.       Reviewer Comment (2021-05-26): [redacted] received corrected CD along with LOX moving fees to section H and therefore cure not required.


Buyer Comment (2021-05-25): See uploaded documents.
 05/26/2021     1 A   NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
214991672 XXX XXX   21181509     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Sufficient cure at closing to borrower       Reviewer Comment (2021-05-26): Sufficient Cure Provided At Closing
   05/26/2021   1 A   NJ Primary Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
214991672 XXX XXX   21181510     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $52.12 exceeds tolerance of $50.00.  Sufficient or excess cure was provided to the borrower at Closing. Sufficient cure at closing to borrower       Reviewer Comment (2021-05-26): Sufficient Cure Provided At Closing
   05/26/2021   1 A   NJ Primary Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
214991673 XXX XXX   21181496     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Loan discount fee amount of $[redacted].exceeds tolerance of $[redacted]0.00
NO cure was provided to the borrower		       Reviewer Comment (2021-05-20): [redacted] Received COC dated [redacted] for rate lock.


Buyer Comment (2021-05-19): Please see COC form added which reflects pricing change, redisclosure.
 05/20/2021     1 A   NJ Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
214991673 XXX XXX   21181497     Credit Missing Document General Missing Document Missing Document: Bank Statements - Business not provided   Missing [redacted] and [redacted] business bank statements to comply with Temporary Covid testing.       Reviewer Comment (2021-05-27): Cleared


Buyer Comment (2021-05-25): covid testing overlay was removed


Buyer Comment (2021-05-25): please clear the [redacted] statement - it would not have been ready at closing on [redacted]


Buyer Comment (2021-05-25): SEE MARCH Business bank statement
 05/27/2021     1 A   NJ Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
214991677 XXX XXX   21181535     Credit Credit Miscellaneous Guideline Credit Exception:   Allow no housing history for no -occupying co-borrower vs program restriction borrowers without mortgage or rental history are not eligible but wil be considered on an exception basis. The qualifying DTI on the loan is at least 10% less than the guideline maximum.   Owner Reviewer Comment (2021-05-19): Approved Lender Exception for no housing history for non-occupying co borrower.


Reviewer Comment (2021-05-13): Lender exception approved.
     05/19/2021 2 B   IL Primary Purchase   C B C B B A A A Non QM Non QM No
214991677 XXX XXX   21181536     Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Borrower's own funds percent discrepancy. Calculated borrower's own funds of ___ is less than Guideline required borrower's own funds of ___. Do not require occupying borrower to have 5% of own funds in transaction vs program requirement when there is a non-occupying borrower to have 5% of own funds in transaction The qualifying DTI on the loan is at least 10% less than the guideline maximum.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrower has verified disposable income of at least $2500.00.

Borrower has been employed in the same industry for more than 5 years.		 Credit score is [redacted], 17 points > program requirement of 680
Co-Borrower Self employed 4 years and in same line of work 25 years
No public records		 Owner

Owner

Owner

Owner,Originator		 Reviewer Comment (2021-05-19): Lender Exception approved for percent of borrower's funds into the transaction being insufficient. Regraded with Compensating Factors.


Buyer Comment (2021-05-18): This is also on the same exception as no housing history for the coborrower.  Uploaded for your review.
     05/19/2021 2 B   IL Primary Purchase   C B C B B A A A Non QM Non QM No
214991677 XXX XXX   21181537     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard insurance coverage amount is insufficient       Reviewer Comment (2021-05-19): HO6. Condition clear.


Buyer Comment (2021-05-18): This is an HO6 policy for a condo, no minimum required.
 05/19/2021     1 A   IL Primary Purchase   C B C B B A A A Non QM Non QM No
214991677 XXX XXX   21181540     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Valuation provided prior to effective date of report. Unable to determine compliance timing requirements       Reviewer Comment (2021-05-19): Email provided. Condition Clear.


Buyer Comment (2021-05-18): Effective date of the appraisal is [redacted], appraisal was sent to borrower on [redacted].
 05/19/2021     1 A   IL Primary Purchase   C B C B B A A A Non QM Non QM No
214991677 XXX XXX   21181541     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: -         Reviewer Comment (2021-05-19): Documentation provided. Condition clear.


Buyer Comment (2021-05-18): Third party verification from CPA uploaded for your review.
 05/19/2021     1 A   IL Primary Purchase   C B C B B A A A Non QM Non QM No
214991677 XXX XXX   21181542     Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Tax bill provided was for [redacted].       Reviewer Comment (2021-05-19): Property History Report provided. Condition clear.


Buyer Comment (2021-05-18): Property report uploaded for your review
 05/19/2021     1 A   IL Primary Purchase   C B C B B A A A Non QM Non QM No
214991678 XXX XXX   21181553     Credit Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal not provided           Reviewer Comment (2021-05-24): Cleared


Buyer Comment (2021-05-21): See attached appraisal
 05/24/2021     1 A   CA Primary Purchase   D A D A A A D A Non QM Non QM No
214991678 XXX XXX   21181554     Credit Credit Credit Documentation Credit Missing Document: Compliance Report (Mavent, ComplianceEase, etc.) not provided           Reviewer Comment (2021-05-24): Cleared


Buyer Comment (2021-05-21): See attached Final Mavent
 05/24/2021     1 A   CA Primary Purchase   D A D A A A D A Non QM Non QM No
214991678 XXX XXX   21181555     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.           Reviewer Comment (2021-05-24): Cleared


Buyer Comment (2021-05-21): This appraisal was done after the end date of the disaster.
 05/24/2021     1 A   CA Primary Purchase   D A D A A A D A Non QM Non QM No
214991678 XXX XXX   21181557     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Appraisal is missing.; Sec ID: 1           Reviewer Comment (2021-05-24): Cleared


Buyer Comment (2021-05-21): Not needed. CU score under [redacted]
 05/24/2021     1 A   CA Primary Purchase   D A D A A A D A Non QM Non QM No
214991678 XXX XXX   21181558     Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - ___
___		 Mortgage statement was not provided.       Reviewer Comment (2021-05-24): cleared


Buyer Comment (2021-05-21): See attached docs to support the PITI on [redacted] Property
 05/24/2021     1 A   CA Primary Purchase   D A D A A A D A Non QM Non QM No
214991678 XXX XXX   21181559     Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - ___
___
___		         Reviewer Comment (2021-05-24): cleared


Buyer Comment (2021-05-21): See attached all mortgage statements verifying PITI
 05/24/2021     1 A   CA Primary Purchase   D A D A A A D A Non QM Non QM No
215129069 XXX XXX   21416011     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.64840% or Final Disclosure APR of 6.66600% is in excess of allowable threshold of APOR 3.88% + 2.5%, or 6.38000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-06-01): [redacted] purchases HPML compliant loans.
     11/28/2017 1 A   FL Primary Purchase   B A A A B A A A Non QM Non QM No
215129069 XXX XXX   21416013     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. (Fin[redacted]017) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $[redacted], while closing CD seller's fees total $[redacted]       Reviewer Comment (2018-06-01): [redacted] has elected to waive
     12/01/2017 1 A   FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure B A A A B A A A Non QM Non QM Yes
215129092 XXX XXX   21416250     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank [readacted]): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/[redacted])         Reviewer Comment (2018-06-01): Seller provided appraisal receipt dated [redacted]
 12/21/2017     1 A   CT Primary Purchase   C B A A C B A A Non QM Non QM No
215129092 XXX XXX   21416251     Compliance Compliance Federal Compliance Federal HPML Federal HPML [readacted] Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.76820% or Final Disclosure APR of 7.80900% is in excess of allowable threshold of APOR 3.94% + 2.5%, or 6.44000%.  Non-Compliant Higher Priced Mortgage Loan. APR on subject loan of[redacted]% or Final Disclosure APR of[redacted]% is in excess of allowable threshold of APOR[redacted]% + 2.5%, or[redacted]%.  Non-Compliant Higher Priced Mortgage Loan.       Reviewer Comment (2018-06-01): Seller provided appraisal receipt dated [redacted]
 12/21/2017     1 A   CT Primary Purchase   C B A A C B A A Non QM Non QM No
215129092 XXX XXX   21416252     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank [readacted]): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/[redacted]) Provide evience a copy of each valuation was sent to applicant three (3) business days prior to consummation.       Reviewer Comment (2018-06-01): Seller provided appraisal receipt dated [redacted]
 12/21/2017     1 A   CT Primary Purchase   C B A A C B A A Non QM Non QM No
215129092 XXX XXX   21416253     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted]did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[redacted]) Cure for loan origination fee of [redacted]was not provided.       Reviewer Comment (2018-06-01): Fee was disclosed as a discount fee on the initial LE and as a origination fee on all other LE's and CD's.
 12/22/2017     1 A   CT Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
215129092 XXX XXX   21416254     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee.  Fee Amount of [redacted]exceeds tolerance of [redacted] Insufficient or no cure was provided to the borrower. (7325) Fee was not disclosed on Loan Estimate.       Reviewer Comment (2018-06-01): Fee was disclosed as a discount fee on the initial LE and as a origination fee on all other LE's and CD's.


Reviewer Comment (2018-06-01): Please provide the COC for change in compensation on [redacted] LE. Exception remains open.
 12/22/2017     1 A   CT Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
215129092 XXX XXX   21416255     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted]incorrectly disclosed whether the loan allows for Assumption. (Final/[redacted]) Provide revised Closing Disclosure indicating the loan allows for Assumption.       Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception.
     12/21/2017 2 B   CT Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
215129092 XXX XXX   21416256     Compliance Compliance Federal Compliance Federal HPML Federal HPML [readacted] Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.76820% or Final Disclosure APR of 7.80900% is in excess of allowable threshold of APOR 3.94% + 2.5%, or 6.44000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-06-01): [redacted] mortgage purchases HPML compliant loans.
     12/21/2017 1 A   CT Primary Purchase   C B A A C B A A Non QM Non QM No
215129092 XXX XXX   21416257     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Fee Terminology TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on [redacted]did not use the same fee terminology as the Loan Estimate. (Final/[redacted]) Fee was disclosed as a discount fee on the initial LE and as a origination fee on all other LE's and CD's.       Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception.
     12/22/2017 2 B   CT Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
215129154 XXX XXX   21416963     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application. [redacted] Subprime Loan: Counseling Disclosure was provided to the borrowers on [redacted], which is not at the time of application on [redacted].       Reviewer Comment (2018-06-01): Seller provided the initial [redaction] Counseling disclosure dated [redacted].
 03/20/2018     1 A   NY Primary Purchase No obvious cure C B A A C B A A Non QM Non QM No
215129154 XXX XXX   21416964     Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Fixed Non-Compliant New York Subprime Loan: APR on subject loan of 7.17250% or Final Disclosure APR of 7.20500% is in excess of allowable threshold of Prime Mortgage Market Rate 4.22000 + 1.75%, or 5.97000%.  Non-Compliant SubPrime Loan. [redacted] Subprime Loan: Audited APR of[redacted]% or Final Disclosure APR of[redacted]% exceeds the Prime Mortgage Market Rate threshold of[redacted]% [redacted]% over applicable APOR,[redacted]%). Loan does not appear to comply with repayment ability, prepayment penalty, and escrow restrictions and requirements applicable to [redacted] Subprime Loans.       Reviewer Comment (2018-06-01): Seller provided the initial [redaction] Counseling disclosure dated [redacted].
 03/20/2018     1 A   NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B A A C B A A Non QM Non QM Yes
215129154 XXX XXX   21416965     Compliance Compliance Federal Compliance Federal HPML Federal HPML [readacted] Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.17250% or Final Disclosure APR of 7.20500% is in excess of allowable threshold of APOR 4.26% + 1.5%, or 5.76000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2018-06-01): [redacted] mortgage purchases HPML compliant loans.
     03/15/2018 1 A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
215129154 XXX XXX   21416968     Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Fixed Compliant New York Subprime Loan: APR on subject loan of 7.17250% or Final Disclosure APR of 7.20500% is in excess of allowable threshold of Prime Mortgage Market Rate 4.22000 + 1.75%, or 5.97000%.  Compliant SubPrime Loan.         Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception.
     03/20/2018 2 B   NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B A A C B A A Non QM Non QM Yes
215129348 XXX XXX   21417653     Credit Loan Package Documentation Application / Processing Insurance Missing Document: Flood Certificate not provided           Reviewer Comment (2020-04-07): [redacted] received the flood certs for the subject dated[redacted].
 04/07/2020     1 A   NJ Investment Refinance - Cash-out - Other   C C C A     C C     No
215129348 XXX XXX   21417656     Credit Missing Document General Missing Document Missing Document: HUD/CD not provided           Reviewer Comment (2020-04-07): [redacted] received the final HUD signed by the LLC dated[redacted].
 04/07/2020     1 A   NJ Investment Refinance - Cash-out - Other   C C C A     C C     No
215129348 XXX XXX   21417659     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to go in a securitization and reflects only one valuation product when two are required.   Secondary valuation required due to securitization       Reviewer Comment (2021-10-15): Missing secondary valuation as required per securitization


Reviewer Comment (2020-03-26): Commercial.
       3 C   NJ Investment Refinance - Cash-out - Other   C C C A     C C     No
215129349 XXX XXX   21417661     Credit Loan Package Documentation Application / Processing Insurance Missing Document: Flood Certificate not provided           Reviewer Comment (2020-04-07): Acceptable Flood Certs provided.  Exception cleared.
 04/07/2020     1 A   NJ Investment Refinance - Cash-out - Other   C C C A     C C     No
215129349 XXX XXX   21417662     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to go in a securitization and reflects only one valuation product when two are required.   Secondary valuation required due to securitization       Reviewer Comment (2021-10-15): Missing secondary valuation as required per securitization


Reviewer Comment (2020-03-25): Commercial property.
       3 C   NJ Investment Refinance - Cash-out - Other   C C C A     C C     No
215129353 XXX XXX   21417680     Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided           Reviewer Comment (2020-04-07): Received - cleared
 04/07/2020     1 A   CT Investment Purchase   D C D B     C C     No
215129353 XXX XXX   21417683     Credit Missing Document General Missing Document Missing Document: HUD/CD not provided           Reviewer Comment (2020-04-07): Received - cleared
 04/07/2020     1 A   CT Investment Purchase   D C D B     C C     No
215129353 XXX XXX   21417684     Credit Loan Package Documentation Application / Processing Insurance Missing Document: Flood Certificate not provided           Reviewer Comment (2020-04-07): Received - cleared
 04/07/2020     1 A   CT Investment Purchase   D C D B     C C     No
215129353 XXX XXX   21417686     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided           Reviewer Comment (2020-05-15): Received - cleared


Seller Comment (2020-05-14): Consent of Members and Guaranty


Reviewer Comment (2020-04-29): The Note was not signed by both managing parties, therefore the corporate resolution is needed to confirm one member has the authority to sign without the other.


Reviewer Comment (2020-04-07): Corporate Resolution was not provided.
 05/15/2020     1 A   CT Investment Purchase   D C D B     C C     No
215129353 XXX XXX   21417690     Credit Insurance Insurance Analysis Insurance Insurance address does not match Note address.   Security instrument has property city as [redacted]  and Insurance binder lists the city as [redacted]       Reviewer Comment (2020-05-12): Insurance Policy was updated to list the City as [redacted].
 05/12/2020     1 A   CT Investment Purchase   D C D B     C C     No
215129353 XXX XXX   21417691     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to go in a securitization and reflects only one valuation product when two are required.   Secondary valuation required due to securitization       Reviewer Comment (2021-10-15): Missing secondary valuation as required per securitization


Reviewer Comment (2020-03-26): Commercial
       3 C   CT Investment Purchase   D C D B     C C     No
215129353 XXX XXX   21417692     Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file.           Reviewer Comment (2020-04-07): Received
 04/07/2020     1 A   CT Investment Purchase   D C D B     C C     No
215129353 XXX XXX   21417693     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Unable to confirm sufficient reserves due to missing HUD evidencing funds used to close the subject transaction.       Reviewer Comment (2020-04-07): Received HUD - cleared


Seller Comment (2020-04-03): Proof of funds uploaded exceeds [redacted] months reserves.
 04/07/2020     1 A   CT Investment Purchase   D C D B     C C     No
215129353 XXX XXX   21417694     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Documented qualifying Assets for Closing of  ___ is less than Cash From Borrower ___. Assets verified are less than the required cash to close.  The [redacted] statements provided are not in the name of the LLC or Guarantor. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $[redacted].

The qualifying DSCR on the loan is greater than the guideline minimum.		 The DSCR of [redacted] is greater than the minimum required DSCR of 1.20. Owner

Originator		 Reviewer Comment (2020-04-29): Compensating factor provided by lender


Seller Comment (2020-04-27): Comp Factors- Guarantor FICO is [redacted] which is 161 points higher than the minimum requirement of 620 and DSCR is > [redacted] which exceeds the minimum requirement of 1.20
     04/29/2020 2 B   CT Investment Purchase   D C D B     C C     No
215129353 XXX XXX   21417696     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Assets verified are less than the required cash to close; therefore, no reserves were verified.  The [redacted] statements provided are not in the name of the LLC or Guarantor. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $[redacted].

The qualifying DSCR on the loan is greater than the guideline minimum.		 The DSCR of [redacted] is greater than the minimum required DSCR of 1.20. Owner

Originator		 Reviewer Comment (2020-04-29): [redacted] and lender identified.


Seller Comment (2020-04-27): Comp Factors- Guarantor FICO is [redacted] which is 161 points higher than the minimum requirement of 620 and DSCR is > [redacted] which exceeds the minimum requirement of 1.20
     04/29/2020 2 B   CT Investment Purchase   D C D B     C C     No
215129353 XXX XXX   21417697     Credit System General Appraisal Reconciliation Valuation address does not match Note address. - Note reflects Zip Code of [redacted]. Valuation report reflects Zip Code of [redacted].       Reviewer Comment (2020-05-27): Received Appraisal report with Zip Code of [redacted].


Reviewer Comment (2020-05-22): Still need valuation report with corrected zip code.  Exception remains.
 05/27/2020     1 A   CT Investment Purchase   D C D B     C C     No
215534530 XXX XXX   22069848     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Mortgage Broker Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. File does no contain a valid COC for the added fee and there was no evidence of a tolerance cure to the borrower.       Reviewer Comment (2021-05-26): [redacted] received additional information for changed circumstance.


Buyer Comment (2021-05-25): Rate was not yet locked, borrower  made decision to change comp to Borrower paid; Initial LE reflects origination points of $[redacted] while final CD reflects[redacted] of $[redacted] paid by borrower  which is a decrease and is  not material


Reviewer Comment (2021-05-21): [redacted] received COC however the total loan origination costs increased. Please provide detailed changed circumstance that indicates why the borrower requested a change in compensation. Typically, a borrower will not request of the lender to have their compensation changed from one to the other so we're looking to understand the circumstances behind the pricing change. We've gotten comfortable with accepting borrower requested change as a VCC when the change in compensation results in a benefit to the borrower in the form of lower overall origination charges being paid at closing. When the overall origination charges do not decrease with the change in compensation type, we will request additional information on the change.


Buyer Comment (2021-05-19): see COC reflecting comp change to borrower paid fee of $[redacted] and was later reduced
 05/26/2021     1 A   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
215534530 XXX XXX   22069849     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. File did not contain a valid COC for the added fee, nor was there evidence of a tolerance cure to the borrower.       Reviewer Comment (2021-06-04): [redacted] Received PCCD, LOE, Refund Check and Proof of Mailing.


Reviewer Comment (2021-06-01): [redacted] received PCCD, LOE, refund check, and proof of mailing however the PCCD indicates borrower is receiving $[redacted] back on a purchase. The final CD indicated $[redacted] from borrower. Please provide an accurate PCCD.


Buyer Comment (2021-05-28): see PCCD 2 in the proper format, LOX 2, Borrower receipt 2


Reviewer Comment (2021-05-28): [redacted] Received PCCD, LOE, Refund Check and Proof of Mailing; however, provided PCCD is of refinance format. Please provide PCCD with Standard format (Purchase) to Cure.


Buyer Comment (2021-05-27): see PCCD docs
   06/04/2021   2 B   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
215534530 XXX XXX   22069851     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Missing Third party Verification dated after Note date.       Reviewer Comment (2021-05-19): received docs noted


Buyer Comment (2021-05-19): see CPA letter, Secretary of State search [redacted] and internet search all reflect borrower's business is open and active
 05/19/2021     1 A   CA Primary Purchase Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM Yes
215534530 XXX XXX   22069852     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - Bank Statements Ability-to-Repay (Dodd-Frank 2014): Unable to verify current employment status using reasonably reliable third-party records. Missing Third party Verification dated after Note date.       Reviewer Comment (2021-05-19): received docs noted


Buyer Comment (2021-05-19): see CPA letter, Secretary of State search [redacted] , as well as internet search  all confirming business is open and active
 05/19/2021     1 A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
215534530 XXX XXX   22069853     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Missing Third party Verification, document provided dated after Note date.       Reviewer Comment (2021-05-19): received docs dated pre-close
 05/19/2021     1 A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
215534530 XXX XXX   22069855     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.         Buyer Comment (2021-05-20): [redacted] has elected to waive this exception


Reviewer Comment (2021-05-19): The received date is 3 days prior to the appraisal we have in file, dated[redacted]. Please provide prior appraisal.


Buyer Comment (2021-05-19): see Borrower receipt
     05/20/2021 2 B   CA Primary Purchase   C B C B C B A A Non QM Non QM No
215534530 XXX XXX   22069856     Credit Credit Miscellaneous Guideline Credit Exception:   Guidelines require copies of cancelled checks to support private VOR and file did not contain any cancelled checks. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Compensating factors to waive exception. Owner

Owner,Originator		 Reviewer Comment (2021-06-15): Lender granted exception approval in file.


Buyer Comment (2021-06-11): see approved exception


Reviewer Comment (2021-06-01): VOR received. Payment received for [redacted] through [redacted]. Missing cancelled check for [redacted] to [redacted].


Buyer Comment (2021-05-27): see VOR bank statements reflecting payments to [redacted] which match the VOR [redacted] - payments [redacted] through [redacted] ; please confirm [redacted] is accepting these payments covering [redacted] months - will provide an approved exception for remaining [redacted] payments


Reviewer Comment (2021-05-27): Bank statements reviewed and payment amounts are inconsistent and do not agree with VOR provided.  Web payments began [redacted] and it is clear they are going to the landlord.  Prior payments not documented with checks to confirm they were going to the landlord since amounts vary monthly. and prior to [redacted]of [redacted] there are no payments reflected.  Need cancelled checks from [redacted] thru [redacted] to complete rental history.  Condition remains open.


Buyer Comment (2021-05-25): see guidelines which allows bank statements to confirm payment - see bank statements reflecting payment history


Reviewer Comment (2021-05-24): Documentation is still outstanding. Condition remains open.


Reviewer Comment (2021-05-19): cancelled checks not yet provided - condition remains open
     06/15/2021 2 B   CA Primary Purchase   C B C B C B A A Non QM Non QM No
215534531 XXX XXX   22069861     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Borrower appears to be living rent free. The qualifying DTI on the loan is at least 10% less than the guideline maximum.

Borrower has worked in the same position for more than 3 years.

Borrower has been employed in the same industry for more than 5 years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.		 Compensating factors for exception Owner

Owner

Owner

Owner,Originator		 Reviewer Comment (2021-06-11): Lender granted exception approval in file.


Buyer Comment (2021-06-09): See uploaded exception for this finding.


Reviewer Comment (2021-06-02): 1003 still reflects borrower is renting and guidelines require a history. Unable to clear.


Buyer Comment (2021-05-28): Uploaded LOE for rent free issue.


Reviewer Comment (2021-05-17): Need rental history for borrower's current residence at [redacted]. The borrower indicates they have been renting there for [redacted] years. The address also matches the borrower's driver's license and personal bank statements. Updated 1003 with rental obligation required.


Buyer Comment (2021-05-17): Borrower's credit report reflects [redacted]month paid as agreed mortgage payment record on rental property. Mortgage statements in file document  mortgage payments on the borrower's [redacted] properties.  Documents satisfy guideline requirements for housing history.  Please clear this condition.
     06/11/2021 2 B   MD Primary Purchase   C B C B A A A A Non QM Non QM No
215534531 XXX XXX   22069864     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2021-05-12): Sufficient Cure Provided At Closing
   05/12/2021   1 A   MD Primary Purchase Final CD evidences Cure C B C B A A A A Non QM Non QM Yes
215534531 XXX XXX   22069865     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2021-05-12): Sufficient Cure Provided At Closing
   05/12/2021   1 A   MD Primary Purchase Final CD evidences Cure C B C B A A A A Non QM Non QM Yes
215534531 XXX XXX   22069866     Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - ___         Reviewer Comment (2021-05-17): Statements have escrows. Condition Clear.


Buyer Comment (2021-05-17): See uploaded mortgage statements reflecting escrow accounts for taxes & insurance.
 05/17/2021     1 A   MD Primary Purchase   C B C B A A A A Non QM Non QM No
215534536 XXX XXX   22069954     Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus 10% or $[redacted].  Insufficient or no cure was provided to the borrower. Ten percent tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted]. No cure was provided to the borrower       Reviewer Comment (2021-06-14): [redacted] received PCCD indicating cure, LOE, refund check, and proof of mailing.


Buyer Comment (2021-06-10): Uploaded PCCD - LOX- Refund and Tracking
   06/14/2021   2 B   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
215534536 XXX XXX   22069955     Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within three (3) business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. Initial LE dated [redacted] was electronically provided to the borrower prior to E-sign consent form signed by the borrower [redacted]. LE was not delivered to the borrower within 3 business days of application       Reviewer Comment (2021-07-02): [redacted] received proof of receipt, exception cleared.


Buyer Comment (2021-06-17): Uploaded Snipit of e-disclosure tracking.
 07/02/2021     1 A   CA Primary Purchase   C B A A C B A A Non QM Non QM No
215534930 XXX XXX   22072021     Credit Credit Credit Documentation Credit Missing Document: Compliance Report (Mavent, ComplianceEase, etc.) not provided           Reviewer Comment (2021-06-02): cleared


Buyer Comment (2021-05-28): Mavent uploaded.
 06/02/2021     1 A   CA Primary Purchase   C B C B C B B A Non QM Non QM No
215534930 XXX XXX   22072023     Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file.   There is no VOM/VOR due to borrower lived with parents and thye own the property. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrower has been employed in the same industry for more than 5 years.		   Owner

Owner		 Reviewer Comment (2021-05-25): Lender approved exception to allow rent free.
     05/25/2021 2 B   CA Primary Purchase   C B C B C B B A Non QM Non QM No
215534930 XXX XXX   22072024     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. 1008 only reflects $[redacted] in other payments, credit report reflects $[redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrower has worked in the same position for more than 3 years.

Borrower has been employed in the same industry for more than 5 years.		   Owner

Owner

Owner		 Reviewer Comment (2021-07-09): Lender granted exception approval in file.


Reviewer Comment (2021-06-02): We are not counting the medical debt. please review the credit debt on the portal.


Buyer Comment (2021-05-28): Additional liabilities are disputed medical bills.
     07/09/2021 2 B   CA Primary Purchase   C B C B C B B A Non QM Non QM No
215534930 XXX XXX   22072025     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. DTI exceeds.       Reviewer Comment (2021-07-09): Lender exception for DTI.


Buyer Comment (2021-07-06): LEnder exception uploaded.
 07/09/2021     1 A   CA Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C B C B B A Non QM Non QM No
215534930 XXX XXX   22072026     Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted]% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) Unable to locate debt proposed to be paid off prior to closing in loan file.   The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted]% moderately exceeds the guideline maximum of [redacted]%.  1008 only reflects $[redacted] in other payments, credit report reflects $[redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrower has worked in the same position for more than 3 years.

Borrower has been employed in the same industry for more than 5 years.		   Owner

Owner

Owner		 Reviewer Comment (2021-07-09): Lender granted exception approval in file.


Buyer Comment (2021-07-06): Lender exception uploaded.
     07/09/2021 2 B   CA Primary Purchase   C B C B C B B A Non QM Non QM No
215534930 XXX XXX   22072027     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations not provided to applicant within three (3) business days of application. List of Homeownership Counseling Organizations not provided to applicant within three (3) business days of application.       Reviewer Comment (2021-06-01): Updated documents provided.


Buyer Comment (2021-05-28): DAte on acknowledgement is [redacted]
 06/01/2021     1 A   CA Primary Purchase   C B C B C B B A Non QM Non QM No
215534930 XXX XXX   22072031     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted]% moderately exceeds the guideline maximum of [redacted]%.  1008 only reflects $[redacted] in other payments, credit report reflects $[redacted].       Reviewer Comment (2021-07-09): Lender exception for DTI.


Buyer Comment (2021-07-06): Lender exception uploaded.
 07/09/2021     1 A   CA Primary Purchase   C B C B C B B A Non QM Non QM No
215534930 XXX XXX   22072032     Credit Guideline Guideline Issue Guideline Borrower has been on current job less than 2 years, and prior employment history was not documented as required.   Borrower has 3 business entities, one of the businesses has been in existence for 15 months vs guideline requirements of 2 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   Owner Reviewer Comment (2021-05-25): Approved lender exception provided.
     05/25/2021 2 B   CA Primary Purchase   C B C B C B B A Non QM Non QM No
215534930 XXX XXX   22072033     Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Appraisal is required to be in name of Lender - Need for both appraisals, one in file signed by a "Mortgage Banker", no documentation in file that documents an officer not in production signed and no documentation that appraisal review department approved.       Reviewer Comment (2021-06-02): cleared


Buyer Comment (2021-05-28): Transfer approval uploaded. Appraisal review had no issue with officer who signed. Mortgage Banker does not denote someone in production(i.e. loan officer. processor or underwriter.)
 06/02/2021     1 A   CA Primary Purchase   C B C B C B B A Non QM Non QM No
215534976 XXX XXX   22073336     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided           Reviewer Comment (2021-06-01): Cleared


Buyer Comment (2021-05-26): please see approval
 06/01/2021     1 A   SD Investment Purchase   C A C A     A A     No
215534976 XXX XXX   22073337     Credit Credit Miscellaneous Guideline Credit Exception:   Appraiser certification of Non-Influence not provided.       Reviewer Comment (2021-06-01): Cleared


Buyer Comment (2021-05-26): see Appraisal Non-Influence
 06/01/2021     1 A   SD Investment Purchase   C A C A     A A     No
215534981 XXX XXX   22073356     Credit Credit Credit Documentation Credit Missing Document: Compliance Report (Mavent, ComplianceEase, etc.) not provided           Reviewer Comment (2021-06-01): Cleared


Buyer Comment (2021-05-27): Mavent for review
 06/01/2021     1 A   CA Primary Purchase   C A C A A A A A Non QM Non QM No
215534981 XXX XXX   22073357     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. Fee Amount of $[redacted] exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2021-05-24): Sufficient Cure Provided At Closing
   05/24/2021   1 A   CA Primary Purchase Final CD evidences Cure C A C A A A A A Non QM Non QM No
215534984 XXX XXX   22073370     Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - ___ Statements, HOI & taxes.       Reviewer Comment (2021-06-01): Cleared
 06/01/2021     1 A   FL Investment Purchase   C B C B B B A A N/A N/A No
215534984 XXX XXX   22073371     Credit Credit Miscellaneous Guideline Credit Exception:   Based on documentation in file indicating borrower lives with husband rent free and mortgage is only in his name, borrower has no housing history as required by the guidelines. The qualifying DTI on the loan is at least 10% less than the guideline maximum.

Borrower has been employed in the same industry for more than 5 years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.		 comp factors used to waive exception Owner

Owner

Owner,Originator		 Reviewer Comment (2021-06-01): comp factors used to waive exception
     06/01/2021 2 B   FL Investment Purchase   C B C B B B A A N/A N/A No
215534984 XXX XXX   22073372     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure disclosure to applicant within three (3) business days of application or determination of first lien status.         Buyer Comment (2021-05-27): waive
     05/27/2021 2 B   FL Investment Purchase   C B C B B B A A N/A N/A No
215534984 XXX XXX   22073373     Compliance Compliance Federal Compliance FACTA Federal FACTA Disclosure Timing Test FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score.         Buyer Comment (2021-05-27): waive
     05/27/2021 2 B   FL Investment Purchase   C B C B B B A A N/A N/A No
215534985 XXX XXX   22073374     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided     The qualifying DTI on the loan is at least 10% less than the guideline maximum.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.		   Owner

Owner

Owner		 Reviewer Comment (2021-05-26): Lender approved no housing history since borrowers sold house.
     05/26/2021 2 B   FL Primary Purchase   C B B B C B A A Non QM Non QM No
215534985 XXX XXX   22073376     Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file.   Missing 3 months VOR for departing property. The qualifying DTI on the loan is at least 10% less than the guideline maximum.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.		   Owner

Owner

Owner		 Reviewer Comment (2021-05-26): Lender approved no housing history since the sale of home.
     05/26/2021 2 B   FL Primary Purchase   C B B B C B A A Non QM Non QM No
215534985 XXX XXX   22073378     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted].       Reviewer Comment (2021-05-29): [redacted] received [redacted] VCC.


Buyer Comment (2021-05-28): Uploaded [redacted] CD & corresponding COC
 05/29/2021     1 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 B A A Non QM Non QM No
215534985 XXX XXX   22073379     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted].       Reviewer Comment (2021-05-29): A cure was provided at close.


Buyer Comment (2021-05-28): Uploaded Final CD showing Lender Credit for Appraisal Fee.
   05/29/2021   2 B   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 B A A Non QM Non QM No
215534985 XXX XXX   22073380     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 three (3) business days prior to closing. Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate       Reviewer Comment (2021-06-02): [redacted]C received the initial CD, exception is cleared.


Buyer Comment (2021-06-01): Uploaded CD's.


Reviewer Comment (2021-05-29): Please provide CD if an initial CD was received by borrowers 3 business days prior to consummation for review.


Buyer Comment (2021-05-28): Uploaded documents correcting numbers. I used the HOA fee as shown on the Appraisal.
 06/02/2021     1 A   FL Primary Purchase No Defined Cure C B B B C B A A Non QM Non QM No
215534985 XXX XXX   22073381     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2021-05-29): Sufficient Cure Provided At Closing
   05/29/2021   1 A   FL Primary Purchase Final CD evidences Cure C B B B C B A A Non QM Non QM No
215534987 XXX XXX   22073389     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. Missing List of Homeowner Counseling Organizations provided to Borrowers       Reviewer Comment (2021-05-18): Received the List provided to the borrower.
 05/18/2021     1 A   FL Primary Purchase   C B C B C A A A Non QM Non QM No
215534987 XXX XXX   22073391     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Disclosed Non-Escrowed Property Costs over Year 1 of $[redacted] < $[redacted] ($[redacted] monthly HOA Dues x 12).       Reviewer Comment (2021-05-18): [redacted] received appraisal noting HOA dues are $[redacted]/mo.


Buyer Comment (2021-05-17): Please see comments on page [redacted]
 05/18/2021     1 A   FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C A A A Non QM Non QM No
215534987 XXX XXX   22073392     Credit Credit Miscellaneous Guideline Credit Exception:   9 months "bank statements" verifying 9 months rent paid to private party landlord is < 12 months required to support 12 month VOR form completed by private party The representative FICO score exceeds the guideline minimum by at least 40 points.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The qualifying DTI on the loan is at least 10% less than the guideline maximum.		 Lender granted exception Owner

Owner

Owner,Originator		 Reviewer Comment (2021-05-13): Lender granted housing history exception
     05/13/2021 2 B   FL Primary Purchase   C B C B C A A A Non QM Non QM No
215534987 XXX XXX   22073393     Credit Credit Credit Documentation Credit Missing Document: Compliance Report (Mavent, ComplianceEase, etc.) not provided           Reviewer Comment (2021-05-18): Received High Cost Analysis
 05/18/2021     1 A   FL Primary Purchase   C B C B C A A A Non QM Non QM No
215534987 XXX XXX   22073395     Credit 1003 Missing Document 1003 Missing Lender's Initial 1003/Application.           Reviewer Comment (2021-05-13): Received
 05/13/2021     1 A   FL Primary Purchase   C B C B C A A A Non QM Non QM No
215534992 XXX XXX   22073542     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided           Reviewer Comment (2021-06-07): Cleared


Buyer Comment (2021-06-03): Approval uploaded
 06/07/2021     1 A   SD Investment Purchase   C A C A     A A     No
215534996 XXX XXX   22073553     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Purchase Agreement / Sales Contract not provided   Purchase contract not provided       Reviewer Comment (2021-06-02): Received


Buyer Comment (2021-06-01): Please see uploaded Purchase Agreement. Thank you.
 06/02/2021     1 A   CA Primary Purchase   D B D B A A A A Non QM Non QM No
215534996 XXX XXX   22073558     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Letter in the file from borrower's mother states he has been living rent free with her for 10 years, dated in April of this year.  Program does not allow borrower's who have been living rent free. The qualifying DTI on the loan is at least 10% less than the guideline maximum.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 [redacted], 93 points > program requirement of 680 Owner

Owner

Owner,Originator		 Reviewer Comment (2021-06-02): Approved lender exception provided.


Buyer Comment (2021-06-02): Uploaded, please see exception approval for VOR/Rent Free.  Thank you.
     06/02/2021 2 B   CA Primary Purchase   D B D B A A A A Non QM Non QM No
215534998 XXX XXX   22073602     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2021-06-03): Updated balances verified.


Buyer Comment (2021-06-02): Updated transactions for [redacted]# [redacted] and # [redacted] uploaded for your review.
 06/03/2021     1 A   CA Primary Purchase   C A C A A A A A Non QM Non QM No
215534998 XXX XXX   22073604     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided   Loan approval in file and closing instructions require evidence [redacted] is paid off at closing, the closing statement does not show it has been paid off.  There is a processor cert in the file that states the loan is not being paid off but was excluded from the DTI because it was paid by the business.  Only 3 months of business statement provided to reflect payment of this loan.       Reviewer Comment (2021-06-03): Documents provided to verify business pays the debt.


Buyer Comment (2021-06-02): [redacted] payment of $[redacted] has been paid by the business since[redacted] through [redacted],  Please see [redacted] account [redacted] statements in your portal.
 06/03/2021     1 A   CA Primary Purchase   C A C A A A A A Non QM Non QM No
215535002 XXX XXX   22073605     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___ Final Title Policy not in file.       Reviewer Comment (2021-06-08): Cleared
 06/08/2021     1 A   FL Investment Purchase   C B C B B A A A N/A N/A No
215535002 XXX XXX   22073606     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure disclosure to applicant within three (3) business days of application or determination of first lien status. Right to Receive a copy of appraisal disclosure, ([redacted]), not provided to borrower within 3 business days of application date of [redacted].       Reviewer Comment (2021-06-08): cleared


Reviewer Comment (2021-06-08): we are looking for the right to receive an appraisal disclosure dated within 3 days of application


Buyer Comment (2021-06-07): I have uploaded the appraisal transfer letter to [redacted], appraisal delivery letter to borrower and the borrower's signed  appraisal confirmation letter for your review.
 06/08/2021     1 A   FL Investment Purchase   C B C B B A A A N/A N/A No
215535002 XXX XXX   22073607     Credit Credit Miscellaneous Guideline Credit Exception:   Loan outside of Guidelines by a single entity owning more than 15% of the total units in the Subject Project at 40% and the Association having 0% reserves as opposed to the 5% required. The qualifying DTI on the loan is at least 10% less than the guideline maximum.   Owner Reviewer Comment (2021-06-04): Approved lender exception provided.
     06/04/2021 2 B   FL Investment Purchase   C B C B B A A A N/A N/A No
215535002 XXX XXX   22073608     Credit Missing Document General Missing Document Missing Document: Cancelled Check(s) not provided   Provide a copy of the $5,000 an $15,000 canceled EMD check.       Reviewer Comment (2021-06-08): Cleared
 06/08/2021     1 A   FL Investment Purchase   C B C B B A A A N/A N/A No
215535003 XXX XXX   22073624     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. accurate to documentation       Reviewer Comment (2021-06-10): [redacted] received LOE.


Buyer Comment (2021-06-09): LOX for review


Reviewer Comment (2021-06-09): [redacted] received corrected PCCD. Please provide LOE to cure.


Buyer Comment (2021-06-08): The property is in a PUD however the HOA is inactive with no dues. PCCD and LOX updated


Reviewer Comment (2021-05-27): Please provide documentation of HOA annual amount, and entity paid to for the subject property.


Buyer Comment (2021-05-26): PCCD and LOX for review
   06/10/2021   2 B   OR Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
215535003 XXX XXX   22073625     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 5.07020% or Final Disclosure APR of 5.08900% is in excess of allowable threshold of APOR 3.09% + 1.5%, or 4.59000%.  Non-Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2021-06-01): cleared


Buyer Comment (2021-05-28): [redacted] does High Priced Loans
 06/01/2021     1 A   OR Primary Purchase   C B A A C B A A Non QM Non QM No
215535003 XXX XXX   22073626     Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Appraisal Flipped Property Missing Information Last Sales Price or Last Sales Date from the Primary Valuation or Contract Sales Price or Contract Sales Date are missing. Unable to determine compliance with TIL HPML Flipped Property Requirements.         Reviewer Comment (2021-06-01): cleared


Buyer Comment (2021-05-26): Arms Length transaction per Appraisal
 06/01/2021     1 A   OR Primary Purchase   C B A A C B A A Non QM Non QM No
215535004 XXX XXX   22073610     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 5.23870% or Final Disclosure APR of 5.25700% is in excess of allowable threshold of APOR 3.03% + 1.5%, or 4.53000%.  Non-Compliant Higher Priced Mortgage Loan.           06/04/2021     1 A   FL Primary Purchase   D B D B C B D A Non QM Non QM No
215535004 XXX XXX   22073611     Compliance Compliance Federal Compliance Federal HPML TIL Higher Priced Mortgage Loan Safe Harbor Test TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied.           06/04/2021     1 A   FL Primary Purchase   D B D B C B D A Non QM Non QM No
215535004 XXX XXX   22073612     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Appraisal - Did Not Physically Visit) TILA HPML Appraisal Rule (Dodd-Frank 2014): Appraisal not obtained by physical visit to property.           06/04/2021     1 A   FL Primary Purchase   D B D B C B D A Non QM Non QM No
215535004 XXX XXX   22073613     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate.             06/10/2021   2 B   FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B C B D A Non QM Non QM Yes
215535004 XXX XXX   22073616     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Appraisal is missing.; Sec ID: 1             06/04/2021     1 A   FL Primary Purchase   D B D B C B D A Non QM Non QM No
215535004 XXX XXX   22073617     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.             06/04/2021     1 A   FL Primary Purchase   D B D B C B D A Non QM Non QM No
215535004 XXX XXX   22073618     Credit Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal not provided             06/04/2021     1 A   FL Primary Purchase   D B D B C B D A Non QM Non QM No
215535004 XXX XXX   22073619     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Appraisal Not Obtained Timely) Unable to determine compliance with timely delivery of valuation to borrower due to missing information.           06/04/2021     1 A   FL Primary Purchase   D B D B C B D A Non QM Non QM No
215535004 XXX XXX   22073620     Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Appraisal Flipped Property Missing Information Last Sales Price or Last Sales Date from the Primary Valuation or Contract Sales Price or Contract Sales Date are missing. Unable to determine compliance with TIL HPML Flipped Property Requirements.           06/04/2021     1 A   FL Primary Purchase   D B D B C B D A Non QM Non QM No
215535004 XXX XXX   22073622     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.             06/10/2021   1 A   FL Primary Purchase Final CD evidences Cure D B D B C B D A Non QM Non QM Yes
215535004 XXX XXX   23251645     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		 Provide PDI The qualifying DTI on the loan is at least 10% less than the guideline maximum.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrower has worked in the same position for more than 3 years.

Borrower has verified disposable income of at least $2500.00.

Borrower has been employed in the same industry for more than 5 years.		   Owner

Owner

Owner

Owner

Owner

Owner		 Reviewer Comment (2021-10-19): Per client > it looks like the FEMA emergency that is the subject of the exception was the [redacted] collapse. See below for a map of the relative proximity of the two properties to the collapsed building. My opinion is that the buildings are quite far apart, and based on the pay histories of the loans (both have made each payment due since the event) we can reasonably assume that these homes did not suffer material damage. [redacted] is the apartment building that collapsed. Let me know if you think this is sufficient to clear those exceptions
     10/19/2021 2 B   FL Primary Purchase   D B D B C B D A Non QM Non QM No
215535016 XXX XXX   22073776     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is missing secondary valuation product required for securitization.             06/23/2021     1 A   FL Primary Refinance - Cash-out - Other   D B D B C B C A Non QM Non QM No
215535016 XXX XXX   22073777     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided             06/23/2021     1 A   FL Primary Refinance - Cash-out - Other   D B D B C B C A Non QM Non QM No
215535016 XXX XXX   22073779     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.           06/01/2021     1 A   FL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D B C B C A Non QM Non QM Yes
215535016 XXX XXX   22073780     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.             05/24/2021   2 B   FL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D B C B C A Non QM Non QM Yes
215535016 XXX XXX   22073781     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 three (3) business days prior to closing.           05/24/2021     1 A   FL Primary Refinance - Cash-out - Other No Defined Cure D B D B C B C A Non QM Non QM No
215535016 XXX XXX   22073782     Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy.     Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrower has worked in the same position for more than 3 years.

Borrower has been employed in the same industry for more than 5 years.

The qualifying DTI on the loan is at least 10% less than the guideline maximum.		 Compensating factor to waive exception. Owner

Owner

Owner

Owner,Originator		       06/16/2021 2 B   FL Primary Refinance - Cash-out - Other   D B D B C B C A Non QM Non QM No
215535016 XXX XXX   22073783     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided             05/24/2021     1 A   FL Primary Refinance - Cash-out - Other   D B D B C B C A Non QM Non QM No
215535016 XXX XXX   22073784     Credit Credit General Credit Initial Rate Lock rate date is not documented in file.             05/24/2021     1 A   FL Primary Refinance - Cash-out - Other   D B D B C B C A Non QM Non QM No
215535016 XXX XXX   22073785     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.             06/23/2021   1 A   FL Primary Refinance - Cash-out - Other Final CD evidences Cure D B D B C B C A Non QM Non QM Yes
215535016 XXX XXX   22073786     Credit System General Appraisal Reconciliation Valuation address does not match Note address. -           06/30/2021     1 A   FL Primary Refinance - Cash-out - Other   D B D B C B C A Non QM Non QM No
215535016 XXX XXX   23251677     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		 Please provide PDI Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrower has worked in the same position for more than 3 years.

Borrower has verified disposable income of at least $2500.00.

Borrower has been employed in the same industry for more than 5 years.

The qualifying DTI on the loan is at least 10% less than the guideline maximum.		 Compensating factor to waive exception. Owner

Owner

Owner

Owner

Owner,Originator		 Reviewer Comment (2021-10-19): Per client > it looks like the FEMA emergency that is the subject of the exception was the [redacted] collapse. See below for a map of the relative proximity of the two properties to the collapsed building. My opinion is that the buildings are quite far apart, and based on the pay histories of the loans (both have made each payment due since the event) we can reasonably assume that these homes did not suffer material damage. [redacted] is the apartment building that collapsed. Let me know if you think this is sufficient to clear those exceptions
     10/19/2021 2 B   FL Primary Refinance - Cash-out - Other   D B D B C B C A Non QM Non QM No
215949001 XXX XXX   23047247     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___         Reviewer Comment (2021-06-01): Documents provided.


Buyer Comment (2021-05-26): [redacted]Tax Returns: [redacted]h (Schedule E), [redacted] (Schedule E), [redacted]: Insurance Consulting ( See Schedule C)
 06/01/2021     1 A   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
215949001 XXX XXX   23047248     Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - ___         Reviewer Comment (2021-06-01): Docs provided. Clear.


Buyer Comment (2021-05-26): Tax and Insurance verification for [redacted], Address: [redacted], Address: [redacted], Address: [redacted]
 06/01/2021     1 A   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
215949001 XXX XXX   23047249     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Loan Designation is ATR Fail. Originator Loan Designation is Non QM.       Reviewer Comment (2021-09-17): Cleared
 09/17/2021     1 A   CA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM No
215949001 XXX XXX   23047250     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - K-1 Less 25% Ability to Repay (Dodd-Frank 2014): Unable to verify K-1 (Less than 25% Ownership) income using reasonably reliable third-party records. Unable to Verify K-1 income using reasonably reliable third party records.       Reviewer Comment (2021-06-01): System cleared.


Reviewer Comment (2021-06-01): Provide CPA letter verifying borrower's start date with the company and that he has been self employed for at least 2 years.
 06/01/2021     1 A   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
215949001 XXX XXX   23047251     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Partnership Ability to Repay (Dodd-Frank 2014): Unable to verify Partnership income using reasonably reliable third-party records. Unable to Verify Patnership income using reasonably reliable third party records.       Reviewer Comment (2021-06-01): System cleared.


Buyer Comment (2021-05-27): Business search - [redacted]
 06/01/2021     1 A   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
215949001 XXX XXX   23047252     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - S-Corp Ability to Repay (Dodd-Frank 2014): Unable to verify S-Corp income using reasonably reliable third-party records. Unable to Verify S-Corp income using reasonably reliable third party records.       Reviewer Comment (2021-06-01): System cleared.


Reviewer Comment (2021-06-01): Unclear source of business search. Website address not at the bottom of the page, or site logo at the top. Please provide search documenting eligible source.


Buyer Comment (2021-05-27): Business Search for [redacted]
 06/01/2021     1 A   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
215949001 XXX XXX   23047253     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Schedule C Ability to Repay (Dodd-Frank 2014): Unable to verify Sole Proprietorship income using reasonably reliable third-party records. Unable to Verify Sole Proprietorship income using reasonably reliable third party records.       Reviewer Comment (2021-06-01): System cleared.
 06/01/2021     1 A   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
215949001 XXX XXX   23047254     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. General Ability to Repay requirements not satisfied.       Reviewer Comment (2021-09-17): Cleared
 09/17/2021     1 A   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
215949001 XXX XXX   23047255     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. Final Closing Disclosure doesn't disclose reason for no Escrows. Box is not checked, is blank.       Reviewer Comment (2021-05-26): [redacted] received PCCD and LOE; exception is cured.


Buyer Comment (2021-05-26): PCCD with Letter of explanation
   05/26/2021   2 B   CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
215949001 XXX XXX   23047256     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - Schedule C Test Ability-to-Repay (Dodd-Frank 2014): Unable to verify current Sole Proprietorship status using reasonably reliable third-party records.         Reviewer Comment (2021-06-01): Lic provided. Condition Clear.
 06/01/2021     1 A   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
215949001 XXX XXX   23047257     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - Partnership Test Ability-to-Repay (Dodd-Frank 2014): Unable to verify current Partnership status due to most recent Tax Return end date is older than 120 days before Closing Date, and one of these docs is required yet missing:  Audited/Third Party P&L, CPA Letter, or other Third Party Verification. Loan file missing signed and dated, Audited P&L and a CPA letter verifying borrower has been self employed for at least 2 years.       Reviewer Comment (2021-09-17): Cleared


Reviewer Comment (2021-07-19): Unable to regrade and waive ATR exceptions. System will not allow.


Buyer Comment (2021-07-12): Exception uploaded


Reviewer Comment (2021-06-16): please provide the requested documentation


Buyer Comment (2021-06-14): FNMA guides and [redacted] Tax Returns are not yet required


Reviewer Comment (2021-06-10): [redacted]  returns are being used to qualify, which is not the most recent year and as such a profit and loss is required.


Reviewer Comment (2021-06-07): P&L prepared by a third party is still required and needed.


Buyer Comment (2021-06-03): This is a J10 loan. A CPA letter is not required. Two years tax returns provided.
 09/17/2021     1 A   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
215949001 XXX XXX   23047258     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - S-Corp Test Ability-to-Repay (Dodd-Frank 2014): Unable to verify current S-Corp status due to most recent Tax Return end date is older than 120 days before Closing Date, and one of these docs is required yet missing:  Audited/Third Party P&L, CPA Letter, or other Third Party Verification. Loan file missing signed and dated, Audited P&L and a CPA letter verifying borrower has been self employed for at least 2 years.       Reviewer Comment (2021-09-16): Cleared


Reviewer Comment (2021-07-19): Unable to regrade and waive ATR exceptions. System will not allow.


Buyer Comment (2021-07-12): Exception uploaded


Reviewer Comment (2021-07-02): Per J10 Guidelines : If the Date of the Loan (this loan is [redacted], which is after [redacted]) is after [redacted] of a given year, then the needed return(s) are the return(s) for the calendar year most recently ended.  If required tax return(s) are unavailable due to a filing extension, then the tax return(s) for the immediately prior year may be used to document income. If the immediately prior year tax return(s) are used to document income, then the Borrowers must submit a signed profit and loss statement for each of the Borrowers' businesses used for qualifying prepared by a 3rd party tax professional. Please provide a P&L from a tax professional.


Buyer Comment (2021-06-28): Two years of tax returns have been provided. [redacted] returns are not required, this has been escalated


Reviewer Comment (2021-06-16): please provide the requested documentation


Buyer Comment (2021-06-14): FNMA guides and [redacted] Tax Returns are not yet required


Reviewer Comment (2021-06-07): P&L prepared by a third party is still required and needed.


Buyer Comment (2021-06-03): This is a J10 loan. A CPA letter is not required. Two years tax returns provided.
 09/16/2021     1 A   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
215949001 XXX XXX   23047259     Credit Credit Miscellaneous Guideline Credit Exception:   allow third party verification of the borrowers business after the note date. The representative FICO score exceeds the guideline minimum by at least 40 points.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

Borrower has been employed in the same industry for more than 5 years.		 Comp Factor for Lender Exception.

Comp Factor for Lender Exception.

Comp Factor for Lender Exception.		 Originator,Owner

Originator,Owner

Originator,Owner		 Reviewer Comment (2021-09-17): Comp factors used to waive exception
     09/17/2021 2 B   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127601 XXX XXX   23236342     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.03690% or Final Disclosure APR of 8.09200% is in excess of allowable threshold of APOR 4.98% + 2.5%, or 7.48000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-03-01): [redacted] mortgage purchases HPML compliant loans.
     12/19/2018 1 A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
216127601 XXX XXX   23236343     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Qualification Method not Matching ATR Ability to Repay (Dodd-Frank 2014): The Qualification Method used by the lender does not match the ATR payment calculation methods under 1026.43(c)(5). Used Qualification Method from investor guidelines.Base rate +[redacted]%, Investor guidelines       Buyer Comment (2019-03-01): [redacted] has elected to waive
     12/19/2018 2 B   NY Primary Purchase   C B A A C B A A Non QM Non QM No
216127601 XXX XXX   23236344     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Partial Payments TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Partial Payments. ([redacted]) There is no box checked in the Partial Payments section of the Loan Disclosures on the final CD.       Reviewer Comment (2019-03-01): Letter of Explanation, Corrected Closing Disclosure and proof of delivery provided.
   12/20/2018   2 B   NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
216127601 XXX XXX   23236345     Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. The file does not contain evidence that the Home Loan Toolkit was provided to the borrower.       Reviewer Comment (2019-03-01): Home Loan Toolkit Provided
 12/20/2018     1 A   NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
216127602 XXX XXX   23236346     Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus 10% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. (0)             11/01/2018   1 A   NY Primary Refinance - Cash-out - Other Final CD evidences Cure B B A A B B A A Non QM Non QM No
216127602 XXX XXX   23236347     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Field Review Fee.  Fee Amount of [Redacted] exceeds tolerance of [Redacted].  Sufficient or excess cure was provided to the borrower at Closing.             11/01/2018   1 A   NY Primary Refinance - Cash-out - Other Final CD evidences Cure B B A A B B A A Non QM Non QM No
216127602 XXX XXX   23236348     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (Final/[Redacted]) Disclosure reflects TIP of [Redacted] but calculated TIP is [Redacted], which is outside of .[Redacted] tolerance.  Used Index Value = [Redacted] per rate lock document in file.       Buyer Comment (2019-03-01): (Redacted) has elected to waive
     11/05/2018 2 B   NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM No
216127606 XXX XXX   23236364     Credit Loan Package Documentation Loan File Missing Document  Missing Document: Hazard Insurance Policy not provided   The blanket insurance coverage for the condominium was not provided.       Reviewer Comment (2018-10-29): Seller provided the HOI condo blanket dated  [redacted]
 08/02/2018     1 A   TN Investment Purchase   C B C B A A A A N/A N/A No
216127606 XXX XXX   23236365     Credit Insurance Insurance Analysis Insurance Insurance address does not match Note address.   Evidence of insurance discloses property address as  [Redacted].  Note discloses  [Redacted].       Reviewer Comment (2018-10-29): Seller provided the revised HOI owners policy with address as  [redacted].
 07/25/2018     1 A   TN Investment Purchase   C B C B A A A A N/A N/A No
216127606 XXX XXX   23236367     Credit Guideline Guideline Issue Guideline Ineligible property type. ___ Lender approved exception for Non Warrantable condo with a pre-sale of [redacted]% vs [Redacted]requirement of 35% [Redacted] Experienced investors.  
Project is leading high-rise development in [Redacted].
Per appraisal, property is zoned mixed use compatible and commercial space is common to the area with no effect on marketability.
Project is contributing 10% in reserves for the [Redacted] fiscal year and maintains adequate insurance on par with FNMA insurance requirements.

[redacted]% DTI on this Full documentation loan < [redacted]% guideline max - [redacted]% below program guideline maximum

[redacted] months reserves > [redacted] months guideline minimum - borrowers have verified reserves of $[redacted].

Borrowers have 10 open and 21 closed mortgages, all reporting paid as agreed.

[redacted] representative FICO score > 85 guideline minimum - 680 points above guideline minimum

[redacted]% LTV < [redacted]% guideline max -  $[redacted] more equity than required by program guidelines		     Reviewer Comment (2018-10-29): [redacted] has elected to waive this requirement based on compensating factors.
     06/30/2018 2 B   TN Investment Purchase   C B C B A A A A N/A N/A No
216127606 XXX XXX   23236368     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing:   Documentation to support rental income on all investment properties was not provided.   [Redacted] 1040 is missing all schedules.       Reviewer Comment (2018-10-29): income not required as DTI below guides after income from  [redacted] has been added.


Buyer Comment (2018-10-29): The housing expenses for primary residence were hit as dup in encompass. Also, when I initially underwrote the file. I was hitting them for [redacted] of balance on student loans. Since then, I've been told that here at [redacted] we use whatever is reflected on the credit report for payment. Only use the [redacted]  if no payment is indicated. Moreover, they more then qualify using the income reflected on my calculator. On one business alone. So if we do go ahead and add the 2nd calculator I forgot to uploaded. We're beyond ok. Please let me know if you need anything further from me. I've generated updated 1008 & 1003


Reviewer Comment (2018-10-29): No leases provided for rental income or schedule E please provide for evidence of rental income use. Exception remains as total PITIA included without rental income.


Buyer Comment (2018-10-29): It looks like they're only using $ [redacted] as income and not the full $ [redacted]. Could you please advise why?


Reviewer Comment (2018-10-29): Seller provided hazard and tax for multiple properties however missing the tax verification for [redacted]. Exception remains.


Reviewer Comment (2018-10-29): No rental income used - missing tax verification for accurate DTI on the following properties:  [redacted]. Exception remains.


Reviewer Comment (2018-10-29): No lease agreements in file for rental income used seller provided the [redacted] tax transcript with schedule E however this is not broken down by property and is reflected as a lump sum. Please provide schedule E and/or leases. Exception remains.


Reviewer Comment (2018-10-29): Seller provided the [redacted] 1040 however this is missing the Schedules for B,D and E. Exception remains
 08/08/2018     1 A   TN Investment Purchase   C B C B A A A A N/A N/A No
216127606 XXX XXX   23236369     Credit Credit Miscellaneous Guideline Credit Exception:   Condo building is divided into 2 associations. One of condo units and another of corporate rentals. Approximately 55% of sq ft  (mostly the corporate apartments) are commercial in nature. Lender approved. Experienced investors.  
Project is leading high-rise development in [Redacted].
Per appraisal, property is zoned mixed use compatible and commercial space is common to the area with no effect on marketability.
Project is contributing 10% in reserves for the [Redacted] fiscal year and maintains adequate insurance on par with FNMA insurance requirements.

[redacted]% DTI on this Full documentation loan < [redacted]% guideline max - [redacted]% below program guideline maximum

[redacted] months reserves > [redacted] months guideline minimum - borrowers have verified reserves of $[redacted].

Borrowers have 10 open and 21 closed mortgages, all reporting paid as agreed.

[redacted] representative FICO score > 85 guideline minimum - 680 points above guideline minimum

[redacted]% LTV < [redacted]% guideline max -  $[redacted] more equity than required by program guidelines		     Reviewer Comment (2018-10-29): [redacted] has elected to waive this requirement based on compensating factors.
     06/30/2018 2 B   TN Investment Purchase   C B C B A A A A N/A N/A No
216127606 XXX XXX   23236370     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Seller provided application utilizing no rental income Ratios now exceed 50% maximum without use of income as no leases provided.       Reviewer Comment (2018-10-29): Exception cleared as income added from H [redacted]C.


Buyer Comment (2018-10-29): The housing expenses for primary residence were hit as dup in encompass. Also, when I initially underwrote the file. I was hitting them for [redacted] of balance on student loans. Since then, I've been told that here at [redacted] we use whatever is reflected on the credit report for payment. Only use the [redacted]  if no payment is indicated. Moreover, they more then qualify using the income reflected on my calculator. On one business alone. So if we do go ahead and add the 2nd calculator I forgot to uploaded. We're beyond ok. Please let me know if you need anything further from me. I've generated updated 1008 & 1003


Reviewer Comment (2018-10-29): No leases provided for rental income or schedule E please provide for evidence of rental income use. Exception remains as total PITIA included without rental income.
 08/08/2018     1 A   TN Investment Purchase   C B C B A A A A N/A N/A No
216127607 XXX XXX   23236381     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.           Reviewer Comment (2018-12-13): End date updated.


Seller Comment (2018-12-06): Appraisal was completed [redacted] and evidences that there is no damage to the property or surrounding areas. [redacted] has not updated [redacted] since [redacted]
 12/13/2018     1 A   CA Second Home Purchase   C B C A C B C A Non QM Non QM No
216127607 XXX XXX   23236382     Credit Insurance Insurance Analysis Insurance The Hazard Insurance Policy effective date is after the Transaction Date. Hazard Insurance Policy Effective Date ___, Transaction Date:  ___         Reviewer Comment (2019-01-02): Rec'd final settlement statement reflecting a disbursement date of [redacted].  Coverage was in place at the time the loan funded.


Seller Comment (2018-12-28): see attached final settlement statement that reflects disbursement date of [redacted] - EOI policy is acceptable
 01/02/2019     1 A   CA Second Home Purchase   C B C A C B C A Non QM Non QM No
216127607 XXX XXX   23236384     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided           Reviewer Comment (2019-01-02): Rec'd loan approval.
 01/02/2019     1 A   CA Second Home Purchase   C B C A C B C A Non QM Non QM No
216127607 XXX XXX   23236385     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing disclosure       Reviewer Comment (2019-01-04): Attestation approved by [redacted] in file.


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


Seller Comment (2018-12-28): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 01/04/2019     1 A   CA Second Home Purchase   C B C A C B C A Non QM Non QM No
216127607 XXX XXX   23236386     Compliance Compliance Federal Compliance TRID TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [redacted] received on or after the date the Closing Disclosure [redacted] 12:00:00 AM was received. ([redacted]) acknowledged       Reviewer Comment (2018-12-13): duplicate
 12/13/2018     1 A   CA Second Home Purchase No Defined Cure C B C A C B C A Non QM Non QM No
216127607 XXX XXX   23236387     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 (4) business days prior to closing. ([redacted]) acknowledged       Reviewer Comment (2018-12-13): duplicate
 12/13/2018     1 A   CA Second Home Purchase No Defined Cure C B C A C B C A Non QM Non QM No
216127607 XXX XXX   23236388     Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.           Reviewer Comment (2018-11-09): received desk review
 11/09/2018     1 A   CA Second Home Purchase   C B C A C B C A Non QM Non QM No
216127607 XXX XXX   23236389     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. ([redacted]) Seller CD is showing the closing costs of $[redacted]; whereas the borrower final CD is showing the seller closing costs of $[redacted].       Reviewer Comment (2018-12-13): duplicate
 12/13/2018     1 A   CA Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM No
216127607 XXX XXX   23236390     Compliance Compliance Federal Compliance TRID TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [redacted] received on or after the date the Closing Disclosure [redacted] 12:00:00 AM was received. ([redacted]) acknowledged       Reviewer Comment (2019-01-04): Ok to waive per client.


Reviewer Comment (2019-01-03): Please provide evidence of receipt by the borrower for [redacted]Loan Estimate.  Document is not signed or dated thus [redacted] using the mailbox rule which would have the received date being [redacted]. Integrated Disclosure Calculator provided does not confirm when borrower received the loan estimate.


Seller Comment (2019-01-02): the borrower received the LE 4 business days from consummation .. please clear
     01/04/2019 2 B   CA Second Home Purchase No Defined Cure C B C A C B C A Non QM Non QM No
216127607 XXX XXX   23236391     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 (4) business days prior to closing. ([redacted]) acknowledged       Reviewer Comment (2019-04-23): Updated E-Consent provided shows LE sent to customer on [redacted].


Reviewer Comment (2019-04-23): Unable to address exception due to timing issue.


Reviewer Comment (2019-01-10): Exception must remain as LE was not received at least [redacted] business days prior to close.


Seller Comment (2019-01-09): I concur the received date would be the [redacted] and the loan docs were signed the [redacted]


Reviewer Comment (2019-01-03): Please provide evidence of receipt by the borrower for [redacted]Loan Estimate.  Document is not signed or dated thus [redacted] using the mailbox rule which would have the received date being [redacted] Integrated Disclosure Calculator provided does not confirm when borrower received the loan estimate.


Reviewer Comment (2018-12-31): Please upload document again. A trailing document is not found.


Seller Comment (2018-12-28): see attached that confirms the borrower can sign on the [redacted] day from LE ..
 04/23/2019     1 A   CA Second Home Purchase No Defined Cure C B C A C B C A Non QM Non QM No
216127608 XXX XXX   23236394     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided   Approval was not provided.       Reviewer Comment (2019-01-10): Received
 01/10/2019     1 A   CA Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
216127608 XXX XXX   23236396     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. LO Compensation Disclosure was not provided.       Reviewer Comment (2019-01-07): Attestation approved by [redacted] in file.
 01/07/2019     1 A   CA Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
216127608 XXX XXX   23236398     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. ([redacted]) Appraisal Fee exceeds zero tolerance by $[redacted] and no cure was provided.       Reviewer Comment (2019-01-10): see new exception
 01/10/2019     1 A   CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C A A A Non QM Non QM No
216127608 XXX XXX   23236399     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. (7506) Appraisal Fee exceeds zero tolerance by $[redacted] and no cure was provided.       Reviewer Comment (2019-01-10): Valid COC was in file with updated invoice received at closing.
 01/10/2019     1 A   CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C A A A Non QM Non QM No
216127608 XXX XXX   23236400     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Lender approved loan with a [redacted]% DTI. Per guidelines,maximum DTI is 55% on an exception basis but evidence of an exception was not found. [redacted]% LTV < 80% guideline max   Originator Reviewer Comment (2019-01-10): Received Exception Request Form. DTI [redacted] at [redacted] . Compensating Factor: LTV
     01/10/2019 2 B   CA Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
216127608 XXX XXX   23236401     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Lender approved loan with a [redacted]% DTI. Per guidelines,maximum DTI is 55% on an exception basis but evidence of an exception was not found.       Reviewer Comment (2019-01-10): Received Lender Exception approval for DTI
 01/10/2019     1 A   CA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status C B C B C A A A Non QM Non QM No
216127608 XXX XXX   23236402     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. Lender approved loan with a [redacted]% DTI. Per guidelines,maximum DTI is 55% on an exception basis but evidence of an exception was not found.       Reviewer Comment (2019-01-10): Received Lender Exception approval for DTI
 01/10/2019     1 A   CA Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
216127608 XXX XXX   23236403     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Mortgages are not reporting on credit report and VOM was not provided for both mortgages.       Reviewer Comment (2019-01-10): Received credit supplement


Seller Comment (2019-01-09): this was in the file
 01/10/2019     1 A   CA Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
216127608 XXX XXX   23236404     Compliance Compliance Miscellaneous Compliance Compliance Other Compliance Exception (Manual Add)   Lender used boarder income from subject primary residence (1 unit) to qualify. Guidelines provided did not reflect rules regarding this income however in general boarder income is not eligible income unless there is an accessory unit and a 12 month history of payments were provided.       Reviewer Comment (2019-05-07): Lender provided exception with compensating factors.


Reviewer Comment (2019-05-07): Need to add compensating factors.


Reviewer Comment (2019-04-24): Lender approved exception for the DTI of [redacted] exceeding the guideline maximum of [redacted]  and DTI allowed up to [redacted] with approved exception.


Reviewer Comment (2019-04-23): Borrower was qualified with monthly rental income of [redacted] Subject loan closed [redacted] however, the boarder lease provided expired on [redacted]  Because the file is missing proof the lease was renewed, the lease cannot be used for rental income. In addition, [redacted]  guidelines require well-documented rationale for using the lease over [redacted]  however, the rationale is also missing from the file. Using the amount reported on the [redacted]  results in monthly rental income of [redacted]  and a DTI of [redacted]  The following is required to clear this exception: updated lease agreement and lender rationale for why the lease is used over [redacted] . To waive this exception: a client approved exception for the DTI above [redacted]  with compensating factors is required.


Reviewer Comment (2019-01-10): Income for boarder should have been used off the [redacted] rather than the lease as it had expired prior to loan closing.  This amount is significantly less and DTI is still over [redacted]   Need exception with compensating factors to have DTI at [redacted] and using boarder income.


Seller Comment (2019-01-09): as long as it's claimed on the sch e we are ok with using it
 05/07/2019     1 A   CA Primary Refinance - Cash-out - Other   C B C B C A A A Non QM Non QM No
216127608 XXX XXX   23236405     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. ([redacted]) revised upon Compliance rerun       Reviewer Comment (2019-01-10): Valid COC was in file, upon compliance rerun took away the issue.
 01/10/2019     1 A   CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C A A A Non QM Non QM No
216127611 XXX XXX   23236430     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided   Missing approval       Reviewer Comment (2018-12-08): Rec'd loan approval.
 12/08/2018     1 A   CA Primary Purchase   D B D A C B C A Non QM Non QM No
216127611 XXX XXX   23236431     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided   Missing fraud report       Reviewer Comment (2018-12-13): Rec'd fraud report.
 12/13/2018     1 A   CA Primary Purchase   D B D A C B C A Non QM Non QM No
216127611 XXX XXX   23236432     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Purchase Agreement / Sales Contract not provided   Missing purchase agreement       Reviewer Comment (2018-12-08): Purchase agreement in file.


Seller Comment (2018-12-06): These are in the file and I've confirmed that they are showing please clear
 12/08/2018     1 A   CA Primary Purchase   D B D A C B C A Non QM Non QM No
216127611 XXX XXX   23236433     Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.   Missing second valuation       Reviewer Comment (2018-10-29): Rec'd desk review.
 10/21/2018     1 A   CA Primary Purchase   D B D A C B C A Non QM Non QM No
216127611 XXX XXX   23236435     Credit Credit Credit Documentation Credit No evidence of fraud report in file Credit Report: Original // Borrower: [redacted] Missing fraud report       Reviewer Comment (2019-01-02): Received in Trailing documents
 01/02/2019     1 A   CA Primary Purchase   D B D A C B C A Non QM Non QM No
216127611 XXX XXX   23236436     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. ([redacted]) Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit.       Reviewer Comment (2018-12-13): Transfer fee was changed from Seller paid to Buyer paid at closing. Zero tolerance cure was not provided and COC does not give details on why the fee was changed.
 12/13/2018     1 A   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A C B C A Non QM Non QM No
216127611 XXX XXX   23236437     Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. ([redacted]) the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing.       Reviewer Comment (2018-12-13): the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing.
 12/13/2018     1 A   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A C B C A Non QM Non QM No
216127611 XXX XXX   23236438     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (8304) Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[redacted] exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2019-06-27): Client elects to waive as EV3/C


Reviewer Comment (2019-04-23): In order to address this exception [redacted] requires proof of delivery of the cure funds to the borrower.  Please supply proof of delivery.


Seller Comment (2019-04-22): Document Uploaded to satisfy


Reviewer Comment (2019-01-02): Proof of refund of non-disclosed fee was not provided.


Seller Comment (2018-12-28): As you can see by the attached estimated from escrow on [redacted] the transfer taxes were not listed and again they weren't added to the buyers side until [redacted]  when escrow requested the update. This change was on the final cd therefore there is no PCCD that needs to go out as the buyer signed this change.


Reviewer Comment (2018-12-26): Transfer taxes are fees in most real estate transactions.  Disclosure was not timely. Please provide the following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Seller Comment (2018-12-24): The property is new construction therefore the transfer tax couldn't be determined until certificate of occupancy was issued


Reviewer Comment (2018-12-13): [redacted] received estimated ALTA which did not show Buyer paying the transfer tax fees and a COC stating they were being moved from Seller side to Buyer side of CD.  However, the reason for the abnormal fee change was not provided. Please provide more details or supporting documentation to show why the fee was changed at closing and not initially disclosed on LE.


Seller Comment (2018-12-11): This is a customarily a seller fee attached estimated fees didn't show that the buyer was paying for them. COC also uploaded to show that it was redisclosed once escrow updated the settlement statement moving them from the seller side to the buyer side.
     06/27/2019 2 B   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D A C B C A Non QM Non QM No
216127611 XXX XXX   23236439     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.           Reviewer Comment (2018-12-08): Cleared.


Seller Comment (2018-12-06): Appraisal was completed [redacted]  and evidences that there is no damage to the property or surrounding areas. [redacted] has not updated [redacted] since [redacted]
 12/08/2018     1 A   CA Primary Purchase   D B D A C B C A Non QM Non QM No
216127611 XXX XXX   23236440     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. ([redacted]) Transfer fee was changed from Seller paid to Buyer paid at closing. Zero tolerance cure was not provided and COC does not give details on why the fee was changed.       Reviewer Comment (2019-01-23): Waive per client.
     01/23/2019 2 B   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A C B C A Non QM Non QM No
216127611 XXX XXX   23236442     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.           Reviewer Comment (2019-01-28): Property inspection report provided indicating no damage.
 01/28/2019     1 A   CA Primary Purchase   D B D A C B C A Non QM Non QM No
216127614 XXX XXX   23236510     Credit 1003 Missing Document 1003 Missing Lender's Intial 1003/Application.           Reviewer Comment (2019-05-31): Lender's Intial 1003/Application provided.
 02/22/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236511     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.97550% or Final Disclosure APR of 7.01200% is in excess of allowable threshold of APOR 4.48% + 1.5%, or 5.98000%.  Non-Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.
 02/22/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236512     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower.         Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.
 02/21/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236513     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) [redacted] Subprime Loan: Counseling Disclosure not provided to borrower.         Reviewer Comment (2019-05-31): New York Subprime Counseling Disclosure provided


Buyer Comment (2019-05-31): See trailing documents provided.


Reviewer Comment (2019-05-31): Provide evidence from the statute that the disclosure requirement does not apply to a refinance.


Buyer Comment (2019-05-31): This is a refinance of a primary residence
 02/27/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation No obvious cure C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236514     Compliance Compliance State Compliance State HPML [redacted] Subprime Home Loan Threshold Fixed Non-Compliant [redacted] Subprime Loan: APR on subject loan of 6.97550% or Final Disclosure APR of 7.01200% is in excess of allowable threshold of Prime Mortgage Market Rate 4.46000 + 1.75%, or 6.21000%.  Non-Compliant SubPrime Loan. Loan is a Compliant New York Subprime Home Loan.       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.


Reviewer Comment (2019-05-31): Exception has been downgraded to EV-2


Buyer Comment (2019-05-31): See trailing documents provided.
     02/27/2019 2 B   NY Primary Refinance - Cash-out - Debt Consolidation While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236515     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) [redacted] Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan.         Reviewer Comment (2019-05-31): Agree with lender.


Buyer Comment (2019-05-31): initial LE reflects escrows
 02/22/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation No obvious cure C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236516     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 three (3) business days prior to closing. ([redacted]) The CD was provided on [redacted]; the borrower signed on [redacted].       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.
 02/22/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236517     Compliance Compliance Federal Compliance TRID Defect TILA-RESPA Integrated Disclosure: application date on or after 10/3/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[redacted] may be required. The LE was not provided with the documents.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.
 02/21/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236518     Compliance Compliance Federal Compliance Missing Application Date Missing Initial Loan Application Test No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is 1 months prior to consummation. A lookback was performed to determine this application date.  The final date used for testing was [redacted]         Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-05-31): please see uploaded 1003
 02/21/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236519     Compliance Compliance Federal Compliance TILA TILA NMLSR - Originator Company Not Licensed at time of Application Unable to test LO company NMLS license due to missing information.         Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-05-31): Please see uploaded 1003
 02/21/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236520     Compliance Compliance Federal Compliance TILA Federal Loan Originator Compensation - Individual LO Not NMLS Licensed at Time of Application Unable to test Loan Originator license due to missing information.         Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-05-31): Please see uploaded 1003
 02/21/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236521     Compliance Compliance Federal Compliance TILA TILA NMLSR - Individual Originator License Status Not Approved Unable to test Individual Loan Originator license status due to missing information.         Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-05-31): Please see uploaded 1003
 02/21/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236522     Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. The Disclosure of the LE were not provided.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.
 02/22/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation Good faith redisclosure C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236523     Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - HPML Status HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. The Disclosure of the LE were not provided.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.
 02/22/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation Good faith redisclosure C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236524     Compliance Compliance Federal Compliance TILA TILA NMLSR - Originator Company License Status Not Approved Unable to test LO company status due to missing information.         Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-05-31): Please see uploaded 1003
 02/21/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236525     Compliance Compliance Federal Compliance TRID TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. The Disclosure of the LE were not provided.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.
 02/22/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation Good faith redisclosure C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236526     Compliance Compliance Federal Compliance TRID TRID Alternate Table Usage TILA-RESPA Integrated Disclosure - Costs at Closing/ Calculating Cash to Close: Alternate tables not used consistently throughout the transaction. Initial LE and Closing disclosure where only integrated disclosures provided.  Missing are any rate lock LE's, Initial CD, and any LE's or CD's created in regard to changed circumstance.       Reviewer Comment (2019-05-31): PC-CD provided
   02/26/2019   2 B   NY Primary Refinance - Cash-out - Debt Consolidation Good Faith Redisclosure C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236527     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. ([redacted]) Initial LE and Closing disclosure where only integrated disclosures provided.  Missing are any rate lock LE's, Initial CD, and any LE's or CD's created in regard to changed circumstance.       Reviewer Comment (2019-05-31): Letter of Explanation & Corrected Closing Disclosure provided
   02/26/2019   2 B   NY Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236528     Compliance Compliance Federal Compliance TRID TRID Tolerance Fee Rounding Unable to determine whether a cure was provided due to missing information. Initial LE and Closing disclosure where only integrated disclosures provided.  Missing are any rate lock LE's, Initial CD, and any LE's or CD's created in regard to changed circumstance.       Reviewer Comment (2019-05-31): corrected
 02/22/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236529     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. (7325) Initial LE and Closing disclosure where only integrated disclosures provided.  Missing are any rate lock LE's, Initial CD, and any LE's or CD's created in regard to changed circumstance.       Reviewer Comment (2019-05-31): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided


Buyer Comment (2019-05-31): See trailing documents
   02/26/2019   2 B   NY Primary Refinance - Cash-out - Debt Consolidation Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236530     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Services Sales Tax.  Fee Amount of $33.97 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (75245) Initial LE and Closing disclosure where only integrated disclosures provided.  Missing are any rate lock LE's, Initial CD, and any LE's or CD's created in regard to changed circumstance.       Reviewer Comment (2019-05-31): Exception has been cleared after review of the fee reconciliation.
 02/25/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236531     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Lender's Title Insurance.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7567) Initial LE and Closing disclosure where only integrated disclosures provided.  Missing are any rate lock LE's, Initial CD, and any LE's or CD's created in regard to changed circumstance.       Reviewer Comment (2019-05-31): Exception has been cleared after review of the fee reconciliation.
 02/25/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236532     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. (8304) Initial LE and Closing disclosure where only integrated disclosures provided.  Missing are any rate lock LE's, Initial CD, and any LE's or CD's created in regard to changed circumstance.       Reviewer Comment (2019-05-31): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided


Buyer Comment (2019-05-31): See trailing documents
   02/26/2019   2 B   NY Primary Refinance - Cash-out - Debt Consolidation Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236533     Compliance Compliance Federal Compliance ATR/QM Defect Check Restated Loan Designation Match - General Ability to Repay Ability to Repay (Dodd-Frank 2014): The initial Loan Designation provided did not match.  However, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM. No clarifying information located.       Reviewer Comment (2019-05-31): N/A
 02/22/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236535     Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus 10% or $[redacted].  Insufficient or no cure was provided to the borrower. Cure of [redacted] due to Services Sales Tax, Recording fee and Lenders Title.       Reviewer Comment (2019-05-31): Fees reconciled and verified
 02/25/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236536     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower. Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided - Cure check $[redacted] provided post close       Reviewer Comment (2019-05-31): [redacted] received PCCD, LOE, Copy of refund and proof of delivery.


Reviewer Comment (2019-05-31): [redacted] received PCCD indicating cure, LOE, Refund Check, and Shipping Label. The Shipping Label indicates package is not yet delivered. Please indicate when Proof of Delivery is available to cure.


Buyer Comment (2019-05-31): See trailing documents provided.
   02/26/2019   2 B   NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
216127614 XXX XXX   23236537     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower. Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided - Cure check $[redacted] provided post close       Reviewer Comment (2019-05-31): [redacted] received PCCD, LOE, Copy of refund and proof of delivery.


Buyer Comment (2019-05-31): Cure documents delivered, please clear.


Reviewer Comment (2019-05-31): [redacted] received PCCD indicating cure, LOE, Refund Check, and Shipping Label. The Shipping Label indicates package is not yet delivered. Please indicate when Proof of Delivery is available to cure.


Buyer Comment (2019-05-31): See trailing documents provided.
   02/26/2019   2 B   NY Primary Refinance - Cash-out - Debt Consolidation   C B C A C B A A Non QM Non QM No
216127617 XXX XXX   23236585     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Loan file contains an exception approval, approving DTI of 55% however review calculated a DTI > 55% at [redacted]% please provide an updated exception with higher DTI. No credit late payments in the past 63 months (since [redacted]) and no public records

Borrower has been employed as [redacted] for the past 5 years and has been in the same line of work for the past 10 years

[redacted] months of reserves ,  [redacted] months > program requirement of 3 months.

LTV is [redacted]%, [redacted]% < program maximum of 75%		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-05-31): Allow for DTI up to [redacted]  vs program max of [redacted]


Buyer Comment (2019-05-31): Please note that exception in place allows DTI up to [redacted]
     02/11/2019 2 B   CO Investment Refinance - Cash-out - Other   C B C B A A A A N/A N/A No
216127619 XXX XXX   23236593     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Loan does not meet terms of the Exception Approval; please provide updated exception approval.  The Lender approved exception in file allows a DTI up to [redacted]%, over program maximum of 50%  The calculated DTI is [redacted]% - the variance is due to payments excluded from DTI per the Final 1003 which were not documented as paid at or prior to closing. Guideline variance approved by lender at time of origination. No public records

Guideline variance approved by lender at time of origination. Borrower is [redacted] for the past 12 years.

Guideline variance approved by lender at time of origination.  Reserves are 57 months, 54 months> program requirement of 3 months

Guideline variance approved by lender at time of origination. LT is [redacted]%, 10% < program maximum of 85%		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-05-31): DTI of [redacted] vs program max of [redacted]
     02/11/2019 2 B   NC Primary Purchase   C B C B C B A A Non QM Non QM No
216127619 XXX XXX   23236595     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.94510% or Final Disclosure APR of 7.02300% is in excess of allowable threshold of APOR 4.49% + 1.5%, or 5.99000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-31): [redacted] Mortgage purchases HPML compliant loans.
     01/30/2019 1 A   NC Primary Purchase   C B C B C B A A Non QM Non QM No
216127619 XXX XXX   23236596     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     01/30/2019 2 B   NC Primary Purchase   C B C B C B A A Non QM Non QM No
216127619 XXX XXX   23236597     Compliance Compliance State Compliance State Late Charge [redacted] First Lien Late Charge Percent Testing Note late charge exceeds maximum per state. Late Charge of 5% after 15 days exceeds the state maximum.       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception
     02/12/2019 2 B   NC Primary Purchase   C B C B C B A A Non QM Non QM No
216127619 XXX XXX   23236598     Compliance Compliance State Compliance State HPML (State HPML Provision) North Carolina Rate Spread Home Loan (Ability to Repay Requirements Not Met) North Carolina Rate Spread Home Loan: Ability to repay requirements not met.         Reviewer Comment (2019-05-31): Corrected doc date of bank statements.


Buyer Comment (2019-05-31): [redacted] Mtg purchases higher priced Mtg loans
 02/13/2019     1 A   NC Primary Purchase See any available cure under the North Carolina Rate Spread Home Loan threshold exception. C B C B C B A A Non QM Non QM No
216127619 XXX XXX   23236599     Compliance Compliance State Compliance State HPML [redacted] Rate Spread Threshold Test Non-Compliant North Carolina Rate Spread Home Loan: APR on subject loan of 6.94510% or Final Disclosure APR of 7.02300% is in excess of allowable threshold of APOR 4.49% + 1.5%, or 5.99000%.  Non-Compliant Rate Spread Home Loan.         Reviewer Comment (2019-05-31): Corrected doc date of bank statements.


Buyer Comment (2019-05-31): [redacted] Mtg purchases higher priced Mtg loans
 02/13/2019     1 A   NC Primary Purchase Within 90 days of closing and prior to institution of any action against the lender, (1) notify the borrower, and (2) make appropriate restitution at the option of the borrower to either (a) make the loan comply with prohibited acts and practices or (b) change the terms of the loan in a manner beneficial to the borrower so the loan is no longer rate spread.  

(Narrow Defense - Requires CHD Approval)
Within 120 days of discovery , which compliance failure was not intentional and resulted from a bona fide error,  creditor must: (1) provide Lender Attestation to AMC attesting the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how rate spread home loan was made despite procredures to prevent); (2) notify the borrower, and make appropriate restitution at the option of the borrower to either (a) make the loan comply with prohibited acts and practices or (b) change the terms of the loan in a manner beneficial to the borrower so the loan is no longer rate spread.		 C B C B C B A A Non QM Non QM No
216127619 XXX XXX   23236600     Compliance Compliance Federal Compliance TRID Defect TRID Closing Disclosure Lump Sum Allocation Lump sum lender/seller credit disclosed on Closing Disclosure applied to offset non-finance charges first, then finance charges pursuant to client's election as permitted under SFIG RMBS 3.0 TRID Compliance Review Scope Version 2.0 (updated October 2018).  Anti-predatory lending points and fees testing are not impacted.         Buyer Comment (2019-05-31): [redacted] has elected to waive this exception
     02/12/2019 1 A   NC Primary Purchase   C B C B C B A A Non QM Non QM No
216127619 XXX XXX   23236601     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Loan does not meet terms of the Exception Approval; please provide updated exception approval.  The Lender approved exception in file allows a DTI up to [redacted]%, over program maximum of 50%  The calculated DTI is [redacted]% - the variance is due to payments excluded from DTI per the Final 1003 which were not documented as paid at or prior to closing.       Reviewer Comment (2019-05-31): Corrected doc date of bank statements.


Buyer Comment (2019-05-31): Exception Approval provided
 02/13/2019     1 A   NC Primary Purchase Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM No
216127619 XXX XXX   23236602     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Bank Statements Ability to Repay (Dodd-Frank 2014): Unable to verify Bank Statement income using reasonably reliable third-party records. (XXXXX) Third party verification from CPA was more than 120 days of age at closing.       Reviewer Comment (2019-05-31): Corrected doc date of bank statements.


Reviewer Comment (2019-05-31): error


Reviewer Comment (2019-05-31): Third party verification satisfied with CPA letter.


Buyer Comment (2019-05-31): Application date is [redacted]


Reviewer Comment (2019-05-31): CPA letter provided in trailing docs is not dated.


Buyer Comment (2019-05-31): CPA letter
 02/13/2019     1 A   NC Primary Purchase   C B C B C B A A Non QM Non QM No
216127619 XXX XXX   23236603     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. Loan does not meet terms of the Exception Approval; please provide updated exception approval.  The Lender approved exception in file allows a DTI up to [redacted]%, over program maximum of 50%  The calculated DTI is [redacted]% - the variance is due to payments excluded from DTI per the Final 1003 which were not documented as paid at or prior to closing.       Reviewer Comment (2019-05-31): Corrected doc date of bank statements.


Reviewer Comment (2019-05-31): error


Reviewer Comment (2019-05-31): Lender approved exception for DTI
 02/13/2019     1 A   NC Primary Purchase   C B C B C B A A Non QM Non QM No
216127619 XXX XXX   23236604     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. There was an Increase in DTI above Non-QM Guidelines and in excess of the Lender Exception approval. The Lender approved exception in file allows a DTI up to [redacted]%, over program maximum of 50%  The calculated DTI is [redacted]% - the variance is due to payments excluded from DTI per the Final 1003 which were not documented as paid at or prior to closing.       Reviewer Comment (2019-05-31): Corrected doc date of bank statements.
 02/13/2019     1 A   NC Primary Purchase   C B C B C B A A Non QM Non QM No
216127619 XXX XXX   23236605     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 (4) business days prior to closing. (Interim/[redacted]) Evidence of earlier borrower receipt was not found in file.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-05-31): LE Tracking
 02/01/2019     1 A   NC Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
216127619 XXX XXX   23236607     Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted]% significantly exceeds the guideline maximum of 50.00%.  (DTI Exception cannot be compensated to a lower grade.) The Lender approved exception in file allows a DTI up to [redacted]%, over program maximum of 50%  The calculated DTI is [redacted]% - the variance is due to payments excluded from DTI per the Final 1003 which were not documented as paid at or prior to closing.       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception


Reviewer Comment (2019-05-31): Regraded to EV2-B


Reviewer Comment (2019-05-31): Regraded to EV2-B based on lender identified compensation factors prior to consummation including reserves that are [redacted]  months over guideline requirements, credit score of [redacted] is [redacted] over minimum, and LTV of [redacted] [redacted] below guideline limits. .


Buyer Comment (2019-05-31): Exception Approval
     02/12/2019 2 B   NC Primary Purchase   C B C B C B A A Non QM Non QM No
216127619 XXX XXX   23236608     Compliance Compliance Federal Compliance TRID TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [redacted] received on or after the date the Closing Disclosure[redacted] 12:00:00 AM was received. (Interim/[redacted]) Evidence of earlier borrower receipt was not found in file.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.
 02/01/2019     1 A   NC Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
216127619 XXX XXX   23236609     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is missing secondary valuation product required for securitization.   File is missing CDA or ARR as required by guidelines.       Reviewer Comment (2019-05-31): CDA provided.


Buyer Comment (2019-05-31): CDA uploaded for review.
 01/31/2019     1 A   NC Primary Purchase   C B C B C B A A Non QM Non QM No
216127619 XXX XXX   23236610     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.         Reviewer Comment (2019-05-31): Non-QM loan based on compensating factors applied to DTI exception
 02/13/2019     1 A   NC Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C B C B A A Non QM Non QM No
216127619 XXX XXX   23236611     Compliance Compliance State Compliance State HPML [redacted] Rate Spread Threshold Test Compliant [redacted] Rate Spread Home Loan: APR on subject loan of 6.94510% or Final Disclosure APR of 7.02300% is in excess of allowable threshold of APOR 4.49% + 1.5%, or 5.99000%.  Compliant Rate Spread Home Loan.         Buyer Comment (2019-05-31): [redacted] has elected to waive this exception
     02/13/2019 2 B   NC Primary Purchase Within 90 days of closing and prior to institution of any action against the lender, (1) notify the borrower, and (2) make appropriate restitution at the option of the borrower to either (a) make the loan comply with prohibited acts and practices or (b) change the terms of the loan in a manner beneficial to the borrower so the loan is no longer rate spread.  

(Narrow Defense - Requires CHD Approval)
Within 120 days of discovery , which compliance failure was not intentional and resulted from a bona fide error,  creditor must: (1) provide Lender Attestation to AMC attesting the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how rate spread home loan was made despite procredures to prevent); (2) notify the borrower, and make appropriate restitution at the option of the borrower to either (a) make the loan comply with prohibited acts and practices or (b) change the terms of the loan in a manner beneficial to the borrower so the loan is no longer rate spread.		 C B C B C B A A Non QM Non QM No
216127620 XXX XXX   23236612     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. Missing evidence disclosure was provided to the borrower.       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     02/08/2019 2 B   NY Primary Purchase   D B D A C B A A Non QM Non QM No
216127620 XXX XXX   23236613     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) [redacted] Subprime Loan: Counseling Disclosure not provided to borrower. Missing evidence disclosure was provided to the borrower.       Reviewer Comment (2019-05-31): New York Subprime Counseling Disclosure provided


Buyer Comment (2019-05-31): See trailing document


Reviewer Comment (2019-05-31): Per Lead, New York Subprime Counseling Disclosure needed to clear.


Buyer Comment (2019-05-31): Subprime Counseling Centers all listed on list, verbiage used on Lender documents is one and the same.  Please clear.


Reviewer Comment (2019-05-31): Disclosure specific to Subprime Counseling is required. Exception remains.


Buyer Comment (2019-05-31): See trailing document / list of counseling centers matches available counselors for NY State.
 02/12/2019     1 A   NY Primary Purchase No obvious cure D B D A C B A A Non QM Non QM No
216127620 XXX XXX   23236614     Compliance Compliance State Compliance State HPML [redacted] Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant [redacted] Subprime Loan: APR on subject loan of 6.28020% is in excess of allowable threshold of Prime Mortgage Market Rate 3.90000% + 1.75%, or 5.65000%.  Non-Compliant SubPrime Loan.         Reviewer Comment (2019-05-31): New York Subprime Counseling Disclosure provided


Buyer Comment (2019-05-31): See trailing document to adjust EG.
 02/12/2019     1 A   NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. D B D A C B A A Non QM Non QM No
216127620 XXX XXX   23236615     Compliance Compliance Federal Compliance TILA ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. Missing evidence disclosure was provided to the borrower.       Reviewer Comment (2019-05-31): Initial ARM loan program disclosure provided


Buyer Comment (2019-05-31): See trailing document
 02/11/2019     1 A   NY Primary Purchase No Defined Cure D B D A C B A A Non QM Non QM No
216127620 XXX XXX   23236616     Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. Missing evidence disclosure was provided to the borrower.       Reviewer Comment (2019-05-31): Initial Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, provided


Buyer Comment (2019-05-31): Disclosure Tracking provided showing CHARM booklet e-provided
 02/11/2019     1 A   NY Primary Purchase No Defined Cure D B D A C B A A Non QM Non QM No
216127620 XXX XXX   23236617     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 three (3) business days prior to closing. ([redacted]) Evidence of earlier borrower receipt was not found in file.       Reviewer Comment (2019-05-31): [redacted] received [redacted] CD received the same day. Exception Cleared.


Buyer Comment (2019-05-31): Closing Disclosure previously provided is dated [redacted]  (> 3 business days from closing dated [redacted] Please clear.)


Buyer Comment (2019-05-31): See trailing document
 02/11/2019     1 A   NY Primary Purchase No Defined Cure D B D A C B A A Non QM Non QM No
216127620 XXX XXX   23236618     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Services Sales Tax.  Fee Amount of $36.66 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (77239) Fee was not disclosed on Loan Estimate.       Reviewer Comment (2019-05-31): [redacted] received [redacted]  CD and COC. Fee was paid to chosen provider. Exception Cleared.
 02/20/2019     1 A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D A C B A A Non QM Non QM No
216127620 XXX XXX   23236619     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. (8304) Fee disclosed as $[redacted] on initial LE, but disclosed as $[redacted] on Final Closing Disclosure.       Reviewer Comment (2019-05-31): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided


Buyer Comment (2019-05-31): See tracking - delivered - please clear.


Reviewer Comment (2019-05-31): Letter of Explanation, Shipping Label, Copy of Refund Check, and Corrected CD provided.  Per [redacted] website the package has not been shipped as the status is showing Shipment Ready for [redacted]. Please provide documentation to confirm the package has been shipped / in route or been delivered to the borrower.


Buyer Comment (2019-05-31): See cure documents provided


Reviewer Comment (2019-05-31): [redacted] received [redacted] CD and COC. The COC does not indicate a valid reason for the transfer tax to increase. Please provide a corrected CD, LOE, Refund Check, and Proof of Delivery to cure.


Reviewer Comment (2019-05-31): LE listed Transfer Tax as [redacted]
Initial CD itemized Tax out as [redacted] Transfer Tax, [redacted] City/County Tax/Stamps, [redacted]  State Tax/Stamps for a total of [redacted]   Final CD itemized Tax out as [redacted]  Transfer Tax, [redacted] City/County Tax/Stamps, [redacted] State Tax/Stamps for a total of [redacted] Increase from initial CD to final CD is causing tolerance exception with no valid VCC to support increase in City/County tax/Stamps.
   02/27/2019   2 B   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D A C B A A Non QM Non QM No
216127620 XXX XXX   23236620     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. ([redacted]) Cure for 0% tolerance violations for Title - Services Sales Tax and Transfer Taxes of $[redacted] was not provided.       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     02/08/2019 2 B   NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A C B A A Non QM Non QM No
216127620 XXX XXX   23236621     Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing evidence disclosure was provided to the borrower.       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     02/08/2019 2 B   NY Primary Purchase No Defined Cure D B D A C B A A Non QM Non QM No
216127620 XXX XXX   23236622     Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Missing evidence disclosure was provided to the borrower.       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     02/08/2019 1 A   NY Primary Purchase No Defined Cure D B D A C B A A Non QM Non QM No
216127620 XXX XXX   23236623     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Purchase Agreement / Sales Contract not provided           Reviewer Comment (2019-05-31): Purchase Agreement / Sales Contract provided
 02/11/2019     1 A   NY Primary Purchase   D B D A C B A A Non QM Non QM No
216127620 XXX XXX   23236624     Compliance Compliance State Compliance State HPML [redacted] Subprime Home Loan Threshold Greater than 3 Year ARM Compliant [redacted] Subprime Loan: APR on subject loan of 6.32590% is in excess of allowable threshold of Prime Mortgage Market Rate 3.87000% + 1.75%, or 5.62000%.  Compliant SubPrime Loan.         Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     02/14/2019 2 B   NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. D B D A C B A A Non QM Non QM No
216127620 XXX XXX   23236625     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower. Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD post close       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     02/28/2019 2 B   NY Primary Purchase   D B D A C B A A Non QM Non QM No
216127622 XXX XXX   23236627     Credit Missing Document General Missing Document Missing Document: Borrower Ability to Repay Attestation not provided           Reviewer Comment (2019-05-31): Borrower Ability to Repay Attestation provided
 02/11/2019     1 A   NY Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Non QM No
216127622 XXX XXX   23236628     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within three (3) business days of application.         Reviewer Comment (2019-05-31): Initial Affiliated Business Arrangement Disclosure provided.
 02/05/2019     1 A   NY Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Non QM No
216127622 XXX XXX   23236629     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower.         Reviewer Comment (2019-05-31): Homeownership Counseling List  provided.
 02/05/2019     1 A   NY Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Non QM No
216127622 XXX XXX   23236630     Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Missing list of service providers.       Reviewer Comment (2019-05-31): [redacted] received SSPL dated [redacted]  Exception Cleared.
 02/05/2019     1 A   NY Primary Refinance - Cash-out - Other No Defined Cure C B C A C B C A Non QM Non QM No
216127622 XXX XXX   23236631     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 three (3) business days prior to closing. (Initial/[redacted]) Evidence of earlier borrower receipt was not found in file.       Reviewer Comment (2019-05-31): [redacted] received [redacted]  CD. Exception Cleared.
 02/05/2019     1 A   NY Primary Refinance - Cash-out - Other No Defined Cure C B C A C B C A Non QM Non QM No
216127622 XXX XXX   23236632     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[redacted]) Cure for 0% tolerance violations for Second Appraisal and Title - Abstract / Title Search fees of $[redacted] was not provided.       Buyer Comment (2019-05-31): [redacted] has elected to waive
     02/04/2019 2 B   NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM No
216127622 XXX XXX   23236633     Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Timing ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. Right to receive a copy of the Appraisal provided in LE dated [redacted]; application date was [redacted].       Reviewer Comment (2019-05-31): [redacted] received [redacted]  LE. Exception Cleared.
 02/05/2019     1 A   NY Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Non QM No
216127622 XXX XXX   23236634     Compliance Compliance Federal Compliance TRID TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. Servicing disclosure was provided to the borrower in the LE dated [redacted]; application date was [redacted].       Reviewer Comment (2019-05-31): [redacted] received [redacted]  LE. Exception Cleared.
 02/05/2019     1 A   NY Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Non QM No
216127622 XXX XXX   23236635     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Prepaid Property Tax Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [redacted] did not disclose number of months for Property Tax under Prepaids. (Final/[redacted]) Final CD reflects number of months as 0 for Property Tax under Prepaids       Reviewer Comment (2019-05-31): Letter of Explanation & Corrected Closing Disclosure provided


Reviewer Comment (2019-05-31): [redacted] received [redacted]  LE however only a PCCD and LOE can cure exception.


Buyer Comment (2019-05-31): please see uploaded LE
   02/14/2019   2 B   NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM No
216127622 XXX XXX   23236636     Compliance Compliance Federal Compliance TILA ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. Provided [redacted], more than 3 days after application date of [redacted].       Reviewer Comment (2019-05-31): CoC provided reflects change in program from Fixed to ARM.
 02/05/2019     1 A   NY Primary Refinance - Cash-out - Other No Defined Cure C B C A C B C A Non QM Non QM No
216127622 XXX XXX   23236637     Property Property - Appraisal Appraisal Data Integrity Property - Appraisal Appraiser's license or certification was not active at the time of the appraisal. Valuation Type: Appraisal / Valuation Report Date: [redacted] The Appraiser license provided in the file matches the Appraiser system, however, the effective date of [redacted] is after the date of the Appraisal ([redacted]) - unable to confirm active license at time of the appraisal.       Reviewer Comment (2019-05-31): Appraiser license effective date is [redacted]
 02/11/2019     1 A   NY Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Non QM No
216127622 XXX XXX   23236638     Compliance Compliance Federal Compliance TRID Defect TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (Initial/[redacted]) Evidence of earlier borrower receipt was not found in file.       Reviewer Comment (2019-05-31): [redacted] received [redacted]  LE. Exception Cleared.
 02/05/2019     1 A   NY Primary Refinance - Cash-out - Other No Defined Cure C B C A C B C A Non QM Non QM No
216127622 XXX XXX   23236639     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/[redacted]) Appraisal acknowledgment not signed at closing       Reviewer Comment (2019-05-31): Provided
 02/05/2019     1 A   NY Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Non QM No
216127622 XXX XXX   23236640     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7507) Fee was not disclosed on Loan Estimate.       Reviewer Comment (2019-05-31): [redacted] received the PCCD, LOX, refund and proof of delivery [redacted]


Reviewer Comment (2019-05-31): [redacted] received Letter of Explanation, Shipping Label, Copy of Refund Check, and Corrected CD.  Per [redacted] website the Shipment is Ready for [redacted] but has not been shipped.  Please provide confirmation the package has been shipped / is in route or been delivered to the borrower.


Reviewer Comment (2019-05-31): Letter of Explanation and Corrected CD provided.  Please provide cure check of [redacted]  and proof of delivery to cure


Reviewer Comment (2019-05-31): [redacted] received [redacted]  COC indicating a loan amount increase triggered a second appraisal however the loan amount decreased since the program change on [redacted]  Please provide a corrected CD, LOE, Refund Check, and Proof of Delivery to cure.


Buyer Comment (2019-05-31): see uploaded Le
   02/20/2019   2 B   NY Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B C A Non QM Non QM No
216127622 XXX XXX   23236641     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Abstract / Title Search.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (77163) Fee was not disclosed on Loan Estimate.       Reviewer Comment (2019-05-31): [redacted] received [redacted]  LE. Exception Cleared.


Buyer Comment (2019-05-31): see uploaded LE
 02/05/2019     1 A   NY Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B C A Non QM Non QM No
216127622 XXX XXX   23236642     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Underwriting Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (73196) [redacted] received [redacted] COC indicating a product change however it appears the Underwriting Fee would be required on the previous Jumbo Fixed program and should have been disclosed on the initial LE. Please provide corrected CD, LOE, Refund Check, and Proof of Delivery to cure.       Reviewer Comment (2019-05-31): [redacted] received the PCCD, LOX, refund and proof of delivery [redacted]


Reviewer Comment (2019-05-31): [redacted] received Letter of Explanation, Shipping Label, Copy of Refund Check, and Corrected CD.  Per [redacted] website the Shipment is Ready for [redacted] but has not been shipped.  Please provide confirmation the package has been shipped / is in route or been delivered to the borrower.


Reviewer Comment (2019-05-31): Letter of Explanation and Corrected CD provided.  Please provide cure check of [redacted]  and proof of delivery to cure
   02/20/2019   2 B   NY Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B C A Non QM Non QM No
216127622 XXX XXX   23236643     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7726) [redacted] received [redacted] COC indicating a product change however it does not indicate how it is related for the disclosure of the Title-Endorsement Fee. Please provide corrected CD, LOE, Refund Check, and Proof of Delivery to cure.       Reviewer Comment (2019-05-31): [redacted] received the PCCD, LOX, refund and proof of delivery [redacted]


Reviewer Comment (2019-05-31): [redacted] received Letter of Explanation, Shipping Label, Copy of Refund Check, and Corrected CD.  Per [redacted] website the Shipment is Ready for [redacted] but has not been shipped.  Please provide confirmation the package has been shipped / is in route or been delivered to the borrower.


Reviewer Comment (2019-05-31): Letter of Explanation and Corrected CD provided.  Please provide cure check of [redacted]  and proof of delivery to cure
   02/20/2019   2 B   NY Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B C A Non QM Non QM No
216127622 XXX XXX   23236644     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:Primary/[redacted]) .       Buyer Comment (2019-05-31): [redacted] has elected to waive
     02/13/2019 2 B   NY Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Non QM No
216127624 XXX XXX   23236678     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Lender approved exception to allow DTI over program maximum of 50% Excellent mortgage payment history, all paid as agreed since inception

Borrowers are owners of [redacted] for the past 13 years

Reserves are [redacted] months, 1.87 months > program requirement of 3 months

Credit score is [redacted], 19 points > program requirement of 640

LTV is [redacted]%, [redacted]% < program maximum of 70%		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-05-31): [redacted] has elected to waive this exception based on compensating factors.
     01/17/2019 2 B   NY Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
216127624 XXX XXX   23236680     Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted]% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) Lender approved exception to allow DTI over program maximum of 50% Excellent mortgage payment history, all paid as agreed since inception

Borrowers are owners of [redacted] for the past 13 years

Reserves are [redacted] months, 1.87 months > program requirement of 3 months

Credit score is [redacted], 19 points > program requirement of 640

LTV is [redacted]%, [redacted]% < program maximum of 70%		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-05-31): [redacted] has elected to waive this exception based on compensating factors.
     01/17/2019 2 B   NY Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
216127624 XXX XXX   23236681     Compliance Compliance State Compliance State HPML [redacted] Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of 7.24850% is in excess of allowable threshold of Prime Mortgage Market Rate 3.98000% + 1.75%, or 5.73000%.  Non-Compliant SubPrime Loan.         Reviewer Comment (2019-05-31): Initial New York Subprime Counseling Disclosure Provided


Reviewer Comment (2019-05-31): Provide initial Mavent to review when loan became Sub-prime.
 02/01/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C B C B A A Non QM Non QM No
216127624 XXX XXX   23236682     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[redacted]) Cure for 0% tolerance violations for Appraisal Fee and Title - Courier Fee of $[redacted] was not provided.       Buyer Comment (2019-05-31): [redacted] has elected to waive
     01/23/2019 2 B   NY Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127624 XXX XXX   23236683     Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. SSPL was not located in file       Reviewer Comment (2019-05-31): Disclosure summary provided for date SSPL was sent.
 01/24/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C B C B A A Non QM Non QM No
216127624 XXX XXX   23236684     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. (7506) Fee disclosed as $[redacted] on initial LE, but disclosed as $[redacted] on Final Closing Disclosure. Fee was disclosed to $[redacted] on LE dated [redacted], but the file does not have a valid COC for the increase in fee.       Reviewer Comment (2019-05-31): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided


Reviewer Comment (2019-05-31): [redacted] received PCCD indicating cure of [redacted]  LOE, and Refund Check. Please provide Proof of Delivery to cure.


Reviewer Comment (2019-05-31): [redacted] received [redacted] COC however the Appraisal Fee increased on the [redacted] LE. Please provide corrected CD, LOE, Refund Check, and Proof of Delivery to cure.
   02/08/2019   2 B   NY Primary Refinance - Cash-out - Debt Consolidation Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127624 XXX XXX   23236685     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Courier / Express Mail / Messenger Fee.  Fee Amount of $[redacted] exceeds tolerance of $50.00.  Insufficient or no cure was provided to the borrower. (75187) Fee disclosed as $[redacted] on initial LE, but disclosed as $[redacted] on Final Closing Disclosure. No Cure provided       Reviewer Comment (2019-05-31): [redacted] received fee comments and updated fee input. Exception Cleared.


Buyer Comment (2019-05-31): [redacted] The courier fees are to [redacted] different parties.  [redacted] to the title company disclosed at [redacted]  throughout the life of the loan, and the other [redacted]  to the bank attorney also disclosed throughout the life of the loan.  There is no increase here, and no cure required.
 02/01/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127624 XXX XXX   23236686     Compliance Compliance Federal Compliance TILA ARM Disclosure Status TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. ARM program disclosure was not located in file       Reviewer Comment (2019-05-31): Disclosure summary provided for date ARM program disclosure was sent.
 01/24/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C B C B A A Non QM Non QM No
216127624 XXX XXX   23236687     Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. CHARM Booklet was not located in file.       Reviewer Comment (2019-05-31): Disclosure summary provided for date CHARM Booklet was sent.
 01/24/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C B C B A A Non QM Non QM No
216127624 XXX XXX   23236688     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Secondary/[redacted])         Buyer Comment (2019-05-31): [redacted] has elected to waive


Reviewer Comment (2019-05-31): Disclosure of  borrower signed a document at closing acknowledging their receipt of the valuation 3 days prior to closing, not provided.
     01/31/2019 2 B   NY Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
216127624 XXX XXX   23236689     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.24850% or Final Disclosure APR of 7.25300% is in excess of allowable threshold of APOR 4.96% + 1.5%, or 6.46000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-31): [redacted] mortgage purchases HPML compliant loans.
     01/17/2019 1 A   NY Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
216127624 XXX XXX   23236690     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) New York Subprime Loan: Counseling Disclosure not provided to borrower within three days of application. Provided [redacted]       Reviewer Comment (2019-05-31): Initial New York Subprime Counseling Disclosure Provided


Reviewer Comment (2019-05-31): Provide initial Mavent to review when loan became Sub-prime.
 02/01/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation No obvious cure C B C B C B A A Non QM Non QM No
216127624 XXX XXX   23236691     Compliance Compliance Federal Compliance TRID TRID Service Provider - Compliant TILA-RESPA Integrated Disclosure: Settlement Service Provider List did not provide at least one available provider for each settlement service borrower is entitled to shop for or inform borrower they may choose different provider from list. Actual list not provided.       Buyer Comment (2019-05-31): [redacted] has elected to waive
     01/31/2019 2 B   NY Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C B C B A A Non QM Non QM No
216127624 XXX XXX   23236692     Compliance Compliance Federal Compliance TILA ARM Disclosure Compliant TIL variable rate disclosure: ARM loan program disclosure does not match terms of loan. Actual disclosure not provided with ARM loan programs.       Reviewer Comment (2019-05-31): Compliant ARM Disclosure provided.


Reviewer Comment (2019-05-31): Disclosure summary does not reflect the ARM program of the loan.
 02/07/2019     1 A   NY Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B C B C B A A Non QM Non QM No
216127624 XXX XXX   23236693     Compliance Compliance State Compliance State HPML [redacted] Subprime Home Loan Threshold Greater than 3 Year ARM Compliant [redacted] Subprime Loan: APR on subject loan of 7.24850% is in excess of allowable threshold of Prime Mortgage Market Rate 3.98000% + 1.75%, or 5.73000%.  Compliant SubPrime Loan.         Buyer Comment (2019-05-31): [redacted] has elected to waive


Reviewer Comment (2019-05-31): Cannot clear, however exception has been downgraded.
     02/07/2019 2 B   NY Primary Refinance - Cash-out - Debt Consolidation While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C B C B A A Non QM Non QM No
216127625 XXX XXX   23236694     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:Primary/[redacted]) The appraisal was provided to the Borrower after the effective date but prior to the report date.       Reviewer Comment (2019-05-31): Effective date is [redacted]


Buyer Comment (2019-05-31): Corrections are not required to be delivered to the borrowers
 02/20/2019     1 A   NY Primary Purchase   C B C A C B A A Non QM Non QM No
216127625 XXX XXX   23236695     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.60750% or Final Disclosure APR of 6.65800% is in excess of allowable threshold of APOR 4.82% + 1.5%, or 6.32000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-31): [redacted] mortgage purchases HPML compliant loans.
     02/19/2019 1 A   NY Primary Purchase   C B C A C B A A Non QM Non QM No
216127625 XXX XXX   23236696     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) [redacted] Subprime Loan: Counseling Disclosure not provided to borrower. Disclosure not found in file.       Reviewer Comment (2019-05-31): New York Subprime Counseling Disclosure provided


Buyer Comment (2019-05-31): Please see disclosure upload
 02/20/2019     1 A   NY Primary Purchase No obvious cure C B C A C B A A Non QM Non QM No
216127625 XXX XXX   23236697     Compliance Compliance State Compliance State HPML [redacted] Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant [redacted] Subprime Loan: APR on subject loan of 6.64680% is in excess of allowable threshold of Prime Mortgage Market Rate 4.14000% + 1.75%, or 5.89000%.  Non-Compliant SubPrime Loan. No prohibited practices exceptions exist.  Loan is a Compliant NY Subprime Home Loan.       Buyer Comment (2019-05-31): [redacted] has elected to waive


Reviewer Comment (2019-05-31): Exception downgraded.


Buyer Comment (2019-05-31): Yes was not subprime until [redacted] when loan was locked with program change and rate was locked.


Buyer Comment (2019-05-31): Please see disclosure upload
     02/20/2019 2 B   NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C A C B A A Non QM Non QM No
216127625 XXX XXX   23236698     Compliance Compliance Federal Compliance TRID TRID Esign Consent Agreement Status ESIGN Act - Missing esign consent.  TRID disclosures provided electronically will not be used to set or rebaseline fees for tolerance purposes.  Disclosures sent electronically may result in a fee tolerance violation of up to $[redacted] and disclosure timing violations. The E-sign consent agreement was missing from file, however, documentation provided indicated electronic delivery and recognition from Borrower.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Reviewer Comment (2019-05-31): E-sign document was not included in file, or trailing documents.  Unable to address exception at this time.


Buyer Comment (2019-05-31): Please see disclosure upload
 02/19/2019     1 A   NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216127625 XXX XXX   23236699     Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. No evidence found in file that the disclosure was provided to the Borrower.       Buyer Comment (2019-05-31): [redacted] has elected to waive


Reviewer Comment (2019-05-31): No date provided was noted on the Home Loan Toolkit document.  Unable to address exception at this time.  Please provide proof of date issued and delivered.


Buyer Comment (2019-05-31): Please see disclosure upload
     02/20/2019 2 B   NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216127625 XXX XXX   23236700     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. There were several fee tolerance violations with no dollar amount disclosed on the Final CD indicating how much the total closing costs exceeded the legal limit.       Buyer Comment (2019-05-31): [redacted] has elected to waive
     02/19/2019 2 B   NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
216127625 XXX XXX   23236701     Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $0.00 plus 10% or $0.00.  Insufficient or no cure was provided to the borrower. (0) The tolerance violation is a result of an invalid Loan Estimate. The LE was delivered electronically to the Borrower but the E-Sign Consent Agreement was not provided in file. Unable to re-baseline fee.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Reviewer Comment (2019-05-31): E-sign document was not included in file, or trailing documents.  Unable to address exception at this time.


Buyer Comment (2019-05-31): Please see disclosure upload
 02/19/2019     1 A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127625 XXX XXX   23236702     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7200) The tolerance violation is a result of an invalid Loan Estimate. The LE was delivered electronically to the Borrower but the E-Sign Consent Agreement was not provided in file. Unable to re-baseline fee.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Reviewer Comment (2019-05-31): E-sign document was not included in file, or trailing documents.  Unable to address exception at this time.


Buyer Comment (2019-05-31): Please see disclosure upload
 02/19/2019     1 A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127625 XXX XXX   23236703     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Underwriting Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (73196) The tolerance violation is a result of an invalid Loan Estimate. The LE was delivered electronically to the Borrower but the E-Sign Consent Agreement was not provided in file. Unable to re-baseline fee.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Reviewer Comment (2019-05-31): E-sign document was not included in file, or trailing documents.  Unable to address exception at this time.


Buyer Comment (2019-05-31): Please see disclosure upload
 02/19/2019     1 A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127625 XXX XXX   23236704     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7325) The tolerance violation is a result of an invalid Loan Estimate. The LE was delivered electronically to the Borrower but the E-Sign Consent Agreement was not provided in file. Unable to re-baseline fee.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Reviewer Comment (2019-05-31): E-sign document was not included in file, or trailing documents.  Unable to address exception at this time.


Buyer Comment (2019-05-31): Please see disclosure upload
 02/19/2019     1 A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127625 XXX XXX   23236705     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Processing Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7334) The tolerance violation is a result of an invalid Loan Estimate. The LE was delivered electronically to the Borrower but the E-Sign Consent Agreement was not provided in file. Unable to re-baseline fee.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Reviewer Comment (2019-05-31): E-sign document was not included in file, or trailing documents.  Unable to address exception at this time.


Buyer Comment (2019-05-31): Please see disclosure upload
 02/19/2019     1 A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127625 XXX XXX   23236706     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7506) The tolerance violation is a result of an invalid Loan Estimate. The LE was delivered electronically to the Borrower but the E-Sign Consent Agreement was not provided in file. Unable to re-baseline fee.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Reviewer Comment (2019-05-31): E-sign document was not included in file, or trailing documents.  Unable to address exception at this time.


Buyer Comment (2019-05-31): Please see disclosure upload
 02/19/2019     1 A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127625 XXX XXX   23236707     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Document Preparation Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7522) The tolerance violation is a result of an invalid Loan Estimate. The LE was delivered electronically to the Borrower but the E-Sign Consent Agreement was not provided in file. Unable to re-baseline fee.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Reviewer Comment (2019-05-31): E-sign document was not included in file, or trailing documents.  Unable to address exception at this time.


Buyer Comment (2019-05-31): Please see disclosure upload
 02/19/2019     1 A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127625 XXX XXX   23236708     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Settlement / Closing / Escrow Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7555) The tolerance violation is a result of an invalid Loan Estimate. The LE was delivered electronically to the Borrower but the E-Sign Consent Agreement was not provided in file. Unable to re-baseline fee.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Reviewer Comment (2019-05-31): E-sign document was not included in file, or trailing documents.  Unable to address exception at this time.


Buyer Comment (2019-05-31): Please see disclosure upload
 02/19/2019     1 A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127625 XXX XXX   23236709     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Flood Certification (Life Of Loan).  Fee Amount of $13.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7579) The tolerance violation is a result of an invalid Loan Estimate. The LE was delivered electronically to the Borrower but the E-Sign Consent Agreement was not provided in file. Unable to re-baseline fee.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Reviewer Comment (2019-05-31): E-sign document was not included in file, or trailing documents.  Unable to address exception at this time.


Buyer Comment (2019-05-31): Please see disclosure upload
 02/19/2019     1 A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127625 XXX XXX   23236710     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (8304) The tolerance violation is a result of an invalid Loan Estimate. The LE was delivered electronically to the Borrower but the E-Sign Consent Agreement was not provided in file. Unable to re-baseline fee.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Reviewer Comment (2019-05-31): E-sign document was not included in file, or trailing documents.  Unable to address exception at this time.


Buyer Comment (2019-05-31): Please see disclosure upload
 02/19/2019     1 A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127625 XXX XXX   23236711     Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation.   There was a $[redacted] deposit made to the Borrower's personal [redacted] checking account on [redacted]. The source of this deposit was not documented in file.       Reviewer Comment (2019-05-31): documentation provided from source account for large deposit of [redacted]
 02/20/2019     1 A   NY Primary Purchase   C B C A C B A A Non QM Non QM No
216127625 XXX XXX   23236712     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) [redacted] Subprime Loan: Counseling Disclosure not provided to borrower within three days of application. .       Reviewer Comment (2019-05-31): Counseling disclosure sent out day loan became NY subprime loan. Exception cleared.


Buyer Comment (2019-05-31): Yes was not subprime until [redacted] when loan was locked with program change and rate was locked.
 02/20/2019     1 A   NY Primary Purchase No obvious cure C B C A C B A A Non QM Non QM No
216127626 XXX XXX   23236713     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Lender acknowledged exception in file for LTV Perfect credit and no public records.

Borrower currently is the [redacted]

Reserves are [redacted] months, 37.75 months > program requirement of 12 months

Excellent mortgage history paid as agreed since inception [redacted]

Credit score is [redacted], 89 points > program requirement of 720		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-05-31): [redacted] has elected to waive this exception based on compensating factors.
     02/26/2019 2 B   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127626 XXX XXX   23236714     Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Lender acknowledged exception in file for loan amount Perfect credit and no public records.

Borrower currently is the [redacted]

Reserves are [redacted] months, 37.75 months > program requirement of 12 months

Excellent mortgage history paid as agreed since inception [redacted]

Credit score is [redacted], 89 points > program requirement of 720		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-05-31): [redacted] has elected to waive this exception based on compensating factors.
     02/26/2019 2 B   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127626 XXX XXX   23236716     Credit Property - Appraisal Property Eligibility - Site and Utilities Property - Appraisal Subject property has environmental problems noted by appraiser or visible in the photos - Subject is currently under construction with remodel based on appraisal pictures.  Appraisals both completed As-Is with no requirement for 442. Safety hazard in kitchen with uneven subfloor. Missing appliances and plumbing fixtures throughout.       Reviewer Comment (2019-05-31): Escrow Holdback Agreement was provided


Buyer Comment (2019-05-31): Please see Escrow Holdback Agreement / Terms provided.  Please clear.


Reviewer Comment (2019-05-31): Discussed with sr. mgmt and determined we can not clear with the escrow instructions provided due to there is no specification as to what that [redacted]  is being held for. Per the appraisal, there is significant work to be completed for the house to be occupied. Appraisal is inaccurate as to be deemed "As Is" and states "No Repairs Needed", where appraiser goes on to state in supplemental addendum that "property is also in need of several repairs."


Buyer Comment (2019-05-31): Escrow Holdback Agreement uploaded.
 03/06/2019     1 A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127626 XXX XXX   23236717     Credit Credit Credit Eligibility Guideline There are red flags on the fraud report that have not been addressed - For property ownership and high appraised value on subject property.       Reviewer Comment (2019-05-31): Drive report states[redacted] appraisals provided and cleared.


Buyer Comment (2019-05-31): Re-uploaded revised FrauGuard report showing comments specifically addressing line items denoted on finding.  Please clear.


Reviewer Comment (2019-05-31): Please reference what documentation was provided in trailing docs to clear red flags.


Buyer Comment (2019-05-31): See trailing document
 02/28/2019     1 A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127626 XXX XXX   23236718     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Qualification Method not Matching ATR Ability to Repay (Dodd-Frank 2014): The Qualification Method used by the lender does not match the ATR payment calculation methods under 1026.43(c)(5). Base rate + 1.25 per guides       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     02/28/2019 2 B   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127626 XXX XXX   23236719     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower.         Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     02/28/2019 2 B   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127626 XXX XXX   23236720     Compliance Compliance Federal Compliance TILA ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application.         Reviewer Comment (2019-05-31): ARM loan program disclosure provided


Buyer Comment (2019-05-31): See trailing document
 02/28/2019     1 A   CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
216127626 XXX XXX   23236721     Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower.         Reviewer Comment (2019-05-31): CHARM Booklet,  provided


Buyer Comment (2019-05-31): See trailing document
 02/28/2019     1 A   CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
216127626 XXX XXX   23236722     Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Borrower completed a Waiver. File does not contain right to receive appraisal disclosure.       Reviewer Comment (2019-05-31): [redacted] received LE. Exception Cleared.
 02/27/2019     1 A   CA Primary Purchase Good faith redisclosure C B C B C B A A Non QM Non QM No
216127626 XXX XXX   23236723     Compliance Compliance Federal Compliance TRID TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Settlement Service Providers List is missing from file.       Reviewer Comment (2019-05-31): [redacted] received LE. Exception Cleared.
 02/27/2019     1 A   CA Primary Purchase Good faith redisclosure C B C B C B A A Non QM Non QM No
216127626 XXX XXX   23236724     Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Home loan toolkit is missing.       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     02/28/2019 2 B   CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
216127626 XXX XXX   23236725     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 three (3) business days prior to closing. Final CD issued [redacted].  Closing date is [redacted]       Reviewer Comment (2019-05-31): [redacted] received initial CDs. Exception Cleared.


Buyer Comment (2019-05-31): See trailing document
 02/27/2019     1 A   CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
216127626 XXX XXX   23236726     Compliance Compliance Federal Compliance TRID Defect TILA-RESPA Integrated Disclosure: application date on or after 10/3/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[redacted] may be required. The LE is missing from file. The CD was used to establish baseline.       Reviewer Comment (2019-05-31): [redacted] received LE. Exception Cleared.


Buyer Comment (2019-05-31): See trailing document
 02/27/2019     1 A   CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
216127626 XXX XXX   23236727     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___ Missing 12 months statements for account 0391 per Lenders income worksheet. Third party verification for % of business owned.       Reviewer Comment (2019-05-31): Agree with lender.


Buyer Comment (2019-05-31): Updated 1003 uploaded, the [redacted] statements were not utilized in the final income calculation per the revised worksheet uploaded.


Reviewer Comment (2019-05-31): Per final 1003 and bank statement analysis information page on [redacted] additional [redacted] months banks statements used for income is account [redacted] , which has not been provided. Need banks statements and bank statement analysis worksheet.


Buyer Comment (2019-05-31): See trailing document - final UW income calc wrksht
 02/28/2019     1 A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127626 XXX XXX   23236728     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. [redacted] received LE and initial CDs. Please provide SSPL to determine if tolerance violation may be cleared.       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     02/28/2019 2 B   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127626 XXX XXX   23236729     Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. [redacted] received LE and initial CDs. Please provide SSPL to clear.       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     02/28/2019 1 A   CA Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
216127626 XXX XXX   23236730     Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus 10% or $[redacted].  Insufficient or no cure was provided to the borrower. [redacted] received LE and initial CDs. Please provide SSPL to determine if tolerance violation may be cleared.       Reviewer Comment (2019-05-31): [redacted] received the SSPL dated [redacted]  borrower did not use any providers listed.


Buyer Comment (2019-05-31): See trailing document
 02/28/2019     1 A   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127626 XXX XXX   23236731     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - SubEscrow Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. [redacted] received LE and initial CDs. Please provide SSPL to determine if tolerance violation may be cleared.       Reviewer Comment (2019-05-31): [redacted] received the SSPL dated [redacted]  borrower did not use any providers listed.


Buyer Comment (2019-05-31): Borrower shopped for Title


Buyer Comment (2019-05-31): See trailing document provided
 02/28/2019     1 A   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127626 XXX XXX   23236732     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. [redacted] received LE and initial CDs. Please provide SSPL to determine if tolerance violation may be cleared.       Reviewer Comment (2019-05-31): [redacted] received the SSPL dated [redacted] borrower did not use any providers listed.


Buyer Comment (2019-05-31): Borrower shopped for Title


Buyer Comment (2019-05-31): See trailing document provided
 02/28/2019     1 A   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127626 XXX XXX   23236733     Compliance Compliance Federal Compliance ATR/QM Defect Income Data was not provided Income Source and Qualifying Monthly Income Amount are required.         Reviewer Comment (2019-05-31): na
 02/28/2019     1 A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127627 XXX XXX   23236734     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.01770% or Final Disclosure APR of 7.07000% is in excess of allowable threshold of APOR 4.48% + 2.5%, or 6.98000%.  Compliant Higher Priced Mortgage Loan. Final Disclosure APR of[redacted]% exceeds the APOR threshold of[redacted]%       Reviewer Comment (2019-05-31): [redacted] mortgage purchases HPML compliant loans.
     02/28/2019 1 A   NY Primary Purchase   C B C B C B C A Non QM Non QM No
216127627 XXX XXX   23236735     Compliance Compliance Federal Compliance TRID TRID Esign Consent Agreement Status ESIGN Act - Missing esign consent.  TRID disclosures provided electronically will not be used to set or rebaseline fees for tolerance purposes.  Disclosures sent electronically may result in a fee tolerance violation of up to $[redacted] and disclosure timing violations. Executed and dated E-sign consent disclosure not in file. Disclosures sent electronically may result in a fee tolerance  violation up to $[redacted]       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-05-31): Esign Consent provided
 03/01/2019     1 A   NY Primary Purchase No Defined Cure C B C B C B C A Non QM Non QM No
216127627 XXX XXX   23236736     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. Final Closing Disclosure provided an inaccurate amount that the Total Closing Cost exceeded the legal limit. Initial LE not used for baseline as missing e-consent.       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     03/01/2019 2 B   NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B C A Non QM Non QM No
216127627 XXX XXX   23236737     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Fee Amount of $[redacted] exceeds tolerance of $0.00. No cure was provided to the borrower. Initial LE not used for baseline as missing e-consent.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-05-31): E-Consent provided
 03/01/2019     1 A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B C A Non QM Non QM No
216127627 XXX XXX   23236738     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Document Preparation Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Document Preparation Fee Amount of $[redacted] exceeds tolerance of $0.00. No Cure was provided to the borrower. Initial LE not used for baseline as missing e-consent.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-05-31): E-Consent provided
 03/01/2019     1 A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B C A Non QM Non QM No
216127627 XXX XXX   23236739     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Processing Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Processing Fee Amount of $[redacted] exceeds tolerance of $0.00. No cure was provided to the borrower. Initial LE not used for baseline as missing e-consent.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-05-31): E-Consent provided
 03/01/2019     1 A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B C A Non QM Non QM No
216127627 XXX XXX   23236740     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Appraisal Desk Review of $[redacted] exceeds tolerance of $0.00. No cure was provided to the borrower. Initial LE not used for baseline as missing e-consent.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-05-31): E-Consent provided
 03/01/2019     1 A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B C A Non QM Non QM No
216127627 XXX XXX   23236741     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Appraisal Fee AMount $[redacted]exceeds Tolerance of $0.00 No cure was provided to the borrower. Initial LE not used for baseline as missing e-consent.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-05-31): E-Consent provided
 03/01/2019     1 A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B C A Non QM Non QM No
216127627 XXX XXX   23236742     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Escrow Fee Amount of $[redacted] exceeds tolerance of $0.00 No cure was provided to the borrower. Initial LE not used for baseline as missing e-consent.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-05-31): E-Consent & SSPL provided
 03/01/2019     1 A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B C A Non QM Non QM No
216127627 XXX XXX   23236743     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan).  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Tax Service Fee Amount of $[redacted] exceeds tolerance of $0.00. No cure was provided to the borrower. Initial LE not used for baseline as missing e-consent.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-05-31): E-Consent provided
 03/01/2019     1 A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B C A Non QM Non QM No
216127627 XXX XXX   23236745     Property Property - Appraisal Property Eligibility - Subject and Improvements Property - Appraisal Valuation Issue: Subject property BPO indicates property under construction   Per appraisal risk review.       Reviewer Comment (2019-05-31): Agree with lender.


Buyer Comment (2019-05-31): Subject property is a New Construction Condo - see trailing document Appraiser comments.  No indication in photo's property is undergoing any upgrades, renovations and or work being done.  Please clear.
 03/01/2019     1 A   NY Primary Purchase   C B C B C B C A Non QM Non QM No
216127627 XXX XXX   23236746     Credit Credit Miscellaneous Guideline Credit Exception:   Project is being constructed in two phases with 6 buildings. Phase II is being constructed in 3 separate buildings, with approximately 40 units in each building. Construction of the two final buildings is not yet complete(60 units not completed in the non-subject buildings). Four buildings are complete. Lender approved. No public records. Current mortgage paid as agreed since inception ([redacted]).

Borrower has been [redacted] for 3.83 years and in the profession 15 years.

[redacted]% DTI on this Alt documentation loan < 50% guideline max [redacted]% below program guideline maximum

[redacted] representative FICO score > 640 guideline minimum - 79 points above guideline minimum

[redacted]% LTV <90% guideline max

Condo project is a [redacted]		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-05-31): [redacted] has elected to waive this exception based on compensating factors.
     02/28/2019 2 B   NY Primary Purchase   C B C B C B C A Non QM Non QM No
216127627 XXX XXX   23236747     Credit Credit Miscellaneous Guideline Credit Exception:   The [redacted] budget does not reflect capital reserves vs program requirement that homeowner association's current annual budget must include an allowance for capital reserves of not less than 5% of the total expenditures included in such budget. Lender approved. No public records. Current mortgage paid as agreed since inception ([redacted]).

Borrower has been [redacted] for 3.83 years and in the profession 15 years.

[redacted]% DTI on this Alt documentation loan < 50% guideline max [redacted]% below program guideline maximum

[redacted] representative FICO score > 640 guideline minimum - 79 points above guideline minimum

[redacted]% LTV <90% guideline max

Condo project is a [redacted]		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-05-31): [redacted] has elected to waive this exception based on compensating factors.
     02/28/2019 2 B   NY Primary Purchase   C B C B C B C A Non QM Non QM No
216127635 XXX XXX   23236805     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.72030% or Final Disclosure APR of 7.72600% is in excess of allowable threshold of APOR 4.82% + 1.5%, or 6.32000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-31): [redacted] mortgage purchases HPML compliant loans.
     03/05/2019 1 A   NY Primary Purchase   C B C B B B A A Non QM Non QM No
216127635 XXX XXX   23236806     Compliance Compliance State Compliance State HPML [redacted] Subprime Home Loan Threshold Greater than 3 Year ARM Compliant [redacted] Subprime Loan: APR on subject loan of 7.72030% is in excess of allowable threshold of Prime Mortgage Market Rate 3.91000% + 1.75%, or 5.66000%.  Compliant SubPrime Loan.         Buyer Comment (2019-05-31): [redacted] has elected to waive
     03/05/2019 2 B   NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C B B B A A Non QM Non QM No
216127635 XXX XXX   23236807     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) [redacted] Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. The Counseling Disclosure was provided to the Borrower the day after the loan application was taken.       Buyer Comment (2019-05-31): [redacted] has elected to waive
     03/05/2019 2 B   NY Primary Purchase No obvious cure C B C B B B A A Non QM Non QM No
216127635 XXX XXX   23236808     Credit Credit Miscellaneous Guideline Credit Exception:   All active trade lines including the rent history reflect a rating of less than 12 months vs program requirement of 2 active trade lines with a 12 month rating. Lender approved. Borrower has been self-employed for the past 2.37 years as [redacted]

Borrower has 9 accounts total in which 6 accounts are active and paid as agreed with 5 accounts rated less than 12 months. No public records.

[redacted] representative FICO score > 640 guideline minimum - 40 points above guideline minimum

[redacted]% DTI on this Alt documentation loan < 50% guideline max - [redacted]% below program guideline maximum

LTV is [redacted]%, 5% < program maximum of 80%		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-05-31): [redacted] has elected to waive this exception based on compensating factors.
     03/05/2019 2 B   NY Primary Purchase   C B C B B B A A Non QM Non QM No
216127636 XXX XXX   23236810     Credit Missing Document General Missing Document Missing Document: Borrower Ability to Repay Attestation not provided   Missing borrower signed Ability to Repay Attestation ATR -01A  as required per guidelines.       Reviewer Comment (2019-05-31): Borrower Ability to Repay Attestation provided


Buyer Comment (2019-05-31): Attestation provided
 03/13/2019     1 A   NY Primary Purchase   C B C B C B A A Non QM Non QM No
216127636 XXX XXX   23236811     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.84500% or Final Disclosure APR of 7.85900% is in excess of allowable threshold of APOR 4.85% + 2.5%, or 7.35000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-31): [redacted] mortgage purchases HPML compliant loans.
     03/05/2019 1 A   NY Primary Purchase   C B C B C B A A Non QM Non QM No
216127636 XXX XXX   23236812     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. Missing evidence borrower was provided a copy of the List of Homeownership Counseling Organizations at time of application.       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     03/13/2019 2 B   NY Primary Purchase   C B C B C B A A Non QM Non QM No
216127636 XXX XXX   23236813     Compliance Compliance Federal Compliance TILA ARM Disclosure Status Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. Missing evidence borrower was provided a copy of the ARM Disclosure at time of application.       Reviewer Comment (2019-05-31): ARM disclosure provided


Buyer Comment (2019-05-31): ARM disclosure provided
 03/13/2019     1 A   NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
216127636 XXX XXX   23236814     Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. Missing evidence borrower was provided a copy of the CHARM Booklet at time of application.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-05-31): See trailing document
 03/13/2019     1 A   NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
216127636 XXX XXX   23236815     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. Finance charge is underdisclosed by $[redacted]. Dye to the Lender included an $[redacted] document preparation fee not listed on the final CD and fees of $[redacted] title -Processing and $[redacted] Title Services sales tax were not included in the Lenders finance charges on the compliance report dated [redacted].       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.
 03/13/2019     1 A   NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127636 XXX XXX   23236816     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. Final CD does not reflect an amount by which the fees exceed the legal limit.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.
 03/12/2019     1 A   NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127636 XXX XXX   23236817     Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing evidence borrower was provided a copy of the Home Loan Toolkit  at time of application.       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     03/13/2019 2 B   NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
216127636 XXX XXX   23236818     Compliance Compliance Federal Compliance TRID Defect TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. Only LE in file is dated [redacted] and was acknowledged as received by the borrower on [redacted] yet initial application is dated [redacted].       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-05-31): LE's provided
 03/13/2019     1 A   NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
216127636 XXX XXX   23236819     Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Missing evidence borrower was provided a copy of the Settlement Service Provider List at time of application.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-05-31): SSPL provided


Reviewer Comment (2019-05-31): No SSPL was located in the loan file or trailing documents.  Please provide a copy of the SSPL and proof of date delivered in order to address the exception.


Buyer Comment (2019-05-31): Please see uploaded revised Note and ARM Rider correcting Floor Rate to [redacted].
 03/13/2019     1 A   NY Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
216127636 XXX XXX   23236820     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Processing Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Initial LE dated [redacted] did not reflect a Title Processing fee yet final CD shows the fee of $[redacted] without evidence of valid changed circumstance or cure to borrower.       Reviewer Comment (2019-05-31): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-05-31): See trailing document
 03/12/2019     1 A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127636 XXX XXX   23236821     Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Fico of [redacted] is less than minimum Fico of 640 required per guidelines.  Approved Lender Exception in file. No Public Records.

Borrower has been self-employed as [redacted] for the past 5 years and is [redacted] for the past 2 years with 30 years in profession.

Reserves are [redacted] months, 1.76 months > program requirement of 6 months.

DTI is [redacted]%,[redacted]% < program maximum of 50%.		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-05-31): [redacted] has elected to waive this exception based on compensating factors.
     03/05/2019 2 B   NY Primary Purchase   C B C B C B A A Non QM Non QM No
216127636 XXX XXX   23236822     Compliance Compliance Federal Compliance TRID TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. Disclosure dated [redacted] > application plus 3 days [redacted].       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     03/13/2019 2 B   NY Primary Purchase   C B C B C B A A Non QM Non QM No
216127636 XXX XXX   23236823     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure AIR Table Minimum Interest Rate TILA-RESPA Integrated Disclosure - Adjustable Interest Rate Table: Final Closing Disclosure provided on [redacted] disclosed a Minimum Interest Rate that does not match the actual minimum interest rate for the loan. CD reflects a AIR minimum interest rate of 4% and rate is[redacted]% per revised Note.       Reviewer Comment (2019-05-31): Letter of Explanation & Corrected Closing Disclosure provided prior to [redacted] review
   03/21/2019   2 B   NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127636 XXX XXX   23236824     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Amount Financed TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed that was not within tolerance of the actual amount financed for the loan. CD finance charge per CD $[redacted] per calculations $[redacted] difference $[redacted]       Reviewer Comment (2019-05-31): Letter of Explanation & Corrected Closing Disclosure provided prior to [redacted] review.  PC-CD matches terms of the Note now.


Buyer Comment (2019-05-31): PCCD and LOX provided
   03/21/2019   2 B   NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127636 XXX XXX   23236825     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure APR Irregular Transaction TILA-RESPA Integrated Disclosure - Loan Calculations:  APR of 7.85900% on Final Closing Disclosure provided on [redacted] is under-disclosed from the calculated APR of 8.74210% outside of 0.250% tolerance. APR 8.74210 > CD APR 7.859       Reviewer Comment (2019-05-31): Letter of Explanation & Corrected Closing Disclosure provided prior to [redacted] review.  PC-CD matches terms of the Note now.
   03/21/2019   2 B   NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127636 XXX XXX   23236826     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed a periodic principal and interest payment for payment stream 2 that does not match the actual payment for the loan. CD projected P&I minimum payment amount $[redacted] < calculated P&I minimum payment amount $[redacted]       Reviewer Comment (2019-05-31): Letter of Explanation & Corrected Closing Disclosure provided prior to [redacted] review.  PC-CD matches terms of the Note now.
   03/21/2019   2 B   NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127636 XXX XXX   23236827     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted]disclosed a periodic principal and interest payment for payment stream 2 that does not match the actual payment for the loan. CD projected P&I minimum payment amount $[redacted] < calculated P&I minimum payment amount $[redacted]       Reviewer Comment (2019-05-31): Letter of Explanation & Corrected Closing Disclosure provided prior to [redacted] review.  PC-CD matches terms of the Note now.
   03/21/2019   2 B   NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127636 XXX XXX   23236828     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed a periodic principal and interest payment for payment stream 2 that does not match the actual payment for the loan. CD projected P&I minimum payment amount $[redacted] < calculated P&I minimum payment amount $[redacted]       Reviewer Comment (2019-05-31): Letter of Explanation & Corrected Closing Disclosure provided prior to [redacted] review.  PC-CD matches terms of the Note now.
   03/21/2019   2 B   NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127636 XXX XXX   23236829     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. CD TIP [redacted] < calculated TIP [redacted]       Reviewer Comment (2019-05-31): Letter of Explanation & Corrected Closing Disclosure provided prior to [redacted] review.  PC-CD matches terms of the Note now.
   03/21/2019   2 B   NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127636 XXX XXX   23236830     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed a Total of Payments that does not match the actual total of payments for the loan. CD Total of Payments $[redacted] < calculated Total of Payments $[redacted].       Reviewer Comment (2019-05-31): Letter of Explanation & Corrected Closing Disclosure provided prior to [redacted] review.  PC-CD matches terms of the Note now.
   03/21/2019   2 B   NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127637 XXX XXX   23236831     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.46160% or Final Disclosure APR of 7.52100% is in excess of allowable threshold of APOR 4.44% + 1.5%, or 5.94000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-31): [redacted] mortgage purchases HPML compliant loans.
     03/08/2019 1 A   NY Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
216127637 XXX XXX   23236832     Compliance Compliance State Compliance State HPML [redacted] Subprime Home Loan Threshold Fixed Compliant [redacted] Subprime Loan: APR on subject loan of 7.46160% or Final Disclosure APR of 7.52100% is in excess of allowable threshold of Prime Mortgage Market Rate 4.41000 + 1.75%, or 6.16000%.  Compliant SubPrime Loan.         Buyer Comment (2019-05-31): [redacted] has elected to waive
     03/08/2019 2 B   NY Primary Refinance - Cash-out - Other While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. B B A A B B A A Non QM Non QM No
216127637 XXX XXX   23236833     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) [redacted] Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. The disclosure was provided on [redacted]; the application was received on [redacted].       Buyer Comment (2019-05-31): [redacted] has elected to waive
     03/08/2019 2 B   NY Primary Refinance - Cash-out - Other No obvious cure B B A A B B A A Non QM Non QM No
216127638 XXX XXX   23236834     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. The LO Compensation Disclosure or any disclosure of the like was not provided in file so it could not be determined what the Broker's compensation was based upon.       Reviewer Comment (2019-05-31): LO Compensation Disclosure  was provided
 03/13/2019     1 A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
216127638 XXX XXX   23236835     Compliance Compliance State Compliance State HPML [redacted] Subprime Home Loan Threshold Fixed Non-Compliant [redacted] Subprime Loan: APR on subject loan of 6.19350% or Final Disclosure APR of 6.23700% is in excess of allowable threshold of Prime Mortgage Market Rate 3.81000 + 1.75%, or 5.56000%.  Non-Compliant SubPrime Loan.         Reviewer Comment (2019-05-31): Creditor's application date used.


Buyer Comment (2019-05-31): please see uploaded 1003
 03/13/2019     1 A   NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B A A C B A A Non QM Non QM No
216127638 XXX XXX   23236837     Compliance Compliance Federal Compliance Missing Application Date Missing Initial Loan Application Test No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is 1 months prior to consummation. A lookback was performed to determine this application date.  The final date used for testing was [redacted] The Lender's Initial 1003 was not provided in file on a Brokered Loan and there was no other documentation in file to confirm the Creditor's application date.       Reviewer Comment (2019-05-31): Creditor's application date used.


Buyer Comment (2019-05-31): please see uploaded 1003
 03/13/2019     1 A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
216127638 XXX XXX   23236838     Compliance Compliance Federal Compliance TILA TILA NMLSR - Originator Company Not Licensed at time of Application Unable to test LO company NMLS license due to missing information. Missing source of Creditor Application Date, therefore, the NMLS dates cannot be tested.       Reviewer Comment (2019-05-31): Creditor's application date used.


Buyer Comment (2019-05-31): please see uploaded 1003
 03/13/2019     1 A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
216127638 XXX XXX   23236839     Compliance Compliance Federal Compliance TILA Federal Loan Originator Compensation - Individual LO Not NMLS Licensed at Time of Application Unable to test Loan Originator license due to missing information. Missing source of Creditor Application Date, therefore, the NMLS dates cannot be tested.       Reviewer Comment (2019-05-31): Creditor's application date used.


Buyer Comment (2019-05-31): please see uploaded 1003
 03/13/2019     1 A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
216127638 XXX XXX   23236840     Compliance Compliance Federal Compliance TILA TILA NMLSR - Individual Originator License Status Not Approved Unable to test Individual Loan Originator license status due to missing information. Missing source of Creditor Application Date, therefore, the NMLS dates cannot be tested.       Reviewer Comment (2019-05-31): Creditor's application date used.


Buyer Comment (2019-05-31): please see uploaded 1003
 03/13/2019     1 A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
216127638 XXX XXX   23236841     Compliance Compliance Federal Compliance TILA TILA NMLSR - Originator Company License Status Not Approved Unable to test LO company status due to missing information. Missing source of Creditor Application Date, therefore, the NMLS dates cannot be tested.       Reviewer Comment (2019-05-31): Creditor's application date used.


Buyer Comment (2019-05-31): please see uploaded 1003
 03/13/2019     1 A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
216127638 XXX XXX   23236842     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. Missing source of Creditor Application Date, therefore, the  dates cannot be tested.       Reviewer Comment (2019-05-31): Creditor's application date used.


Buyer Comment (2019-05-31): please see uploaded 1003
 03/13/2019     1 A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
216127638 XXX XXX   23236843     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. Missing source of Creditor Application Date, therefore, unable to determine if timing requirements for disclosures was met.       Reviewer Comment (2019-05-31): Creditor's application date used.


Buyer Comment (2019-05-31): please see uploaded 1003
 03/13/2019     1 A   NY Primary Purchase No obvious cure C B A A C B A A Non QM Non QM No
216127638 XXX XXX   23236844     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. Missing source of Creditor Application Date, therefore, unable to determine if timing requirements for disclosures was met.       Reviewer Comment (2019-05-31): Creditor's application date used.


Buyer Comment (2019-05-31): please see uploaded 1003
 03/13/2019     1 A   NY Primary Purchase No obvious cure C B A A C B A A Non QM Non QM No
216127638 XXX XXX   23236845     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.19350% or Final Disclosure APR of 6.23700% is in excess of allowable threshold of APOR 3.87% + 1.5%, or 5.37000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-31): [redacted] mortgage purchases HPML compliant loans.
     03/13/2019 1 A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
216127638 XXX XXX   23236846     Compliance Compliance Federal Compliance ATR/QM Defect QM Originator Loan Designation Info Not Provided Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation not provided. .       Reviewer Comment (2019-05-31): .
 03/13/2019     1 A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
216127638 XXX XXX   23236847     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) [redacted] Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. .       Buyer Comment (2019-05-31): [redacted] has elected to waive
     03/14/2019 2 B   NY Primary Purchase No obvious cure C B A A C B A A Non QM Non QM No
216127638 XXX XXX   23236848     Compliance Compliance State Compliance State HPML [redacted] Subprime Home Loan Threshold Fixed Compliant [redacted] Subprime Loan: APR on subject loan of 6.19350% or Final Disclosure APR of 6.23700% is in excess of allowable threshold of Prime Mortgage Market Rate 3.81000 + 1.75%, or 5.56000%.  Compliant SubPrime Loan. .       Buyer Comment (2019-05-31): [redacted] has elected to waive
     03/14/2019 2 B   NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B A A C B A A Non QM Non QM No
216127639 XXX XXX   23236854     Credit Credit Credit Documentation Missing Document  Missing Document: Credit Report not provided           Reviewer Comment (2019-05-31): Credit Report provided


Reviewer Comment (2019-05-31): Complete credit report not in file.
 03/15/2019     1 A   NY Primary Purchase   D B D B C B A A Non QM Non QM No
216127639 XXX XXX   23236855     Credit Insurance Insurance Documentation Insurance Hazard Insurance Error: Subject hazard insurance policy number is missing from evidence of insurance.           Reviewer Comment (2019-05-31): [redacted] received the revised HOI containing the policy number.
 03/20/2019     1 A   NY Primary Purchase   D B D B C B A A Non QM Non QM No
216127639 XXX XXX   23236856     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Approved lender exception doc 10 for 1.79 months reserves vs. program requirement of 5 months. Please provide an updated lender exception for 1.11 months. Subject property updated within past year including kitchen and bathrooms.

No late payments in past 65 months, no public records.

Borrower has one open mortgage paid as agreed since [redacted]

Self-employed borrower for past 5 years.

[redacted] FICO vs. program min. of 680.

[redacted]% LTV vs. program max of 90%.		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-05-31): Reserves are [redacted]  months vs program requirement [redacted] .


Reviewer Comment (2019-05-31): Reserves are [redacted] months
     03/15/2019 2 B   NY Primary Purchase   D B D B C B A A Non QM Non QM No
216127639 XXX XXX   23236857     Compliance Compliance Federal Compliance FACTA Federal FACTA Disclosure Timing Test FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. Evidence of earlier receipt missing from file.       Buyer Comment (2019-05-31): [redacted] has elected to waive


Reviewer Comment (2019-05-31): Evidence of earlier receipt of FACTA not provided in trailing dos.
     03/14/2019 2 B   NY Primary Purchase   D B D B C B A A Non QM Non QM No
216127639 XXX XXX   23236858     Compliance Compliance State Compliance State HPML (State HPML Provision) New York Subprime Loan (Ability to Repay not Verified) [redacted] Subprime Loan: File does not contain evidence that analysis of borrower's ability to repay was performed based on verified income, obligations, assets, and/or employment using PITI payment based on fully-indexed rate with fully-amortizing payment and taking into account  payments on any simultaneously-closed loans. 1008 shows qualifying rate as initial note rate.       Reviewer Comment (2019-05-31): Updated 1008 provided.
 03/14/2019     1 A   NY Primary Purchase No obvious cure D B D B C B A A Non QM Non QM No
216127639 XXX XXX   23236859     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) [redacted] Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Evidence of earlier receipt missing from file.       Buyer Comment (2019-05-31): [redacted] has elected to waive
     03/14/2019 2 B   NY Primary Purchase No obvious cure D B D B C B A A Non QM Non QM No
216127639 XXX XXX   23236860     Compliance Compliance State Compliance State HPML [redacted] Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant [redacted] Subprime Loan: APR on subject loan of 6.37620% is in excess of allowable threshold of Prime Mortgage Market Rate 3.91000% + 1.75%, or 5.66000%.  Non-Compliant SubPrime Loan.         Reviewer Comment (2019-05-31): Updated 1008 provided.
 03/14/2019     1 A   NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. D B D B C B A A Non QM Non QM No
216127639 XXX XXX   23236861     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Amount Financed TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed that was not within tolerance of the actual amount financed for the loan. Captured as disclosed, $[redacted] variance in finance charge. Lender used an index of[redacted]% which is outside of the lookback  period. Used maximum index within lookback[redacted]%.       Reviewer Comment (2019-05-31): Index updated to the correct index


Buyer Comment (2019-05-31): See Mavent attached reflect the index of [redacted] used when the loan was locked on [redacted]
 03/14/2019     1 A   NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable D B D B C B A A Non QM Non QM No
216127639 XXX XXX   23236862     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. Captured as disclosed, $[redacted] variance in finance charge.Lender used an index of[redacted]% which is outside of the lookback  period. Used maximum index within lookback[redacted]%.       Reviewer Comment (2019-05-31): Index updated to the correct index


Buyer Comment (2019-05-31): See Mavent attached reflect the index of [redacted]  used when the loan was locked on [redacted]
 03/14/2019     1 A   NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable D B D B C B A A Non QM Non QM No
216127639 XXX XXX   23236863     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. Lender used an index of[redacted]% which is outside of the lookback  period. Used maximum index within lookback[redacted]%.       Reviewer Comment (2019-05-31): Index updated to the correct index


Buyer Comment (2019-05-31): See Mavent attached reflect the index of [redacted] used when the loan was locked on [redacted]
 03/14/2019     1 A   NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B C B A A Non QM Non QM No
216127639 XXX XXX   23236864     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed a Total of Payments that does not match the actual total of payments for the loan. Total of payments is off by $[redacted] on final CD.Lender used an index of[redacted]% which is outside of the lookback  period. Used maximum index within lookback[redacted]%.       Reviewer Comment (2019-05-31): Index updated to the correct index


Buyer Comment (2019-05-31): See Mavent attached reflect the index of [redacted]  used when the loan was locked on [redacted]
 03/14/2019     1 A   NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable D B D B C B A A Non QM Non QM No
216127639 XXX XXX   23236865     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.37620% or Final Disclosure APR of 6.39700% is in excess of allowable threshold of APOR 4.82% + 1.5%, or 6.32000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-31): [redacted] mortgage purchases HPML compliant loans.
     03/13/2019 1 A   NY Primary Purchase   D B D B C B A A Non QM Non QM No
216127639 XXX XXX   23236866     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. ATR fail due to missing credit report.       Reviewer Comment (2019-05-31): credit report provided.


Reviewer Comment (2019-05-31): Complete credit report not in file.
 03/15/2019     1 A   NY Primary Purchase Lender to provide updated ATR/QM status D B D B C B A A Non QM Non QM No
216127639 XXX XXX   23236867     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Credit History Ability to Repay (Dodd-Frank 2014): Unable to verify debt obligations using reasonably reliable third-party records. Missing credit report.       Reviewer Comment (2019-05-31): credit report provided.


Reviewer Comment (2019-05-31): Complete credit report not in file.
 03/15/2019     1 A   NY Primary Purchase   D B D B C B A A Non QM Non QM No
216127639 XXX XXX   23236868     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. ATR fail due to missing credit report.       Reviewer Comment (2019-05-31): credit report provided.


Reviewer Comment (2019-05-31): Complete credit report not in file.
 03/15/2019     1 A   NY Primary Purchase   D B D B C B A A Non QM Non QM No
216127639 XXX XXX   23236869     Compliance Compliance State Compliance State HPML [redacted] Subprime Home Loan Threshold Greater than 3 Year ARM Compliant [redacted] Subprime Loan: APR on subject loan of 6.37620% is in excess of allowable threshold of Prime Mortgage Market Rate 3.91000% + 1.75%, or 5.66000%.  Compliant SubPrime Loan.         Buyer Comment (2019-05-31): [redacted] has elected to waive
     03/14/2019 2 B   NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. D B D B C B A A Non QM Non QM No
216127639 XXX XXX   23236870     Credit Credit Credit Eligibility Guideline Public Record Issue: - Provide confirmation debt has been paid off. Pending DTI re-calculation upon receipt that debt not attached to property located at [redacted]       Reviewer Comment (2019-05-31): Agree with lender.
 03/15/2019     1 A   NY Primary Purchase   D B D B C B A A Non QM Non QM No
216127640 XXX XXX   23236849     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.91280% or Final Disclosure APR of 7.91700% is in excess of allowable threshold of APOR 4.39% + 2.5%, or 6.89000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-31): [redacted] mortgage purchases HPML compliant loans.
     03/14/2019 1 A   NY Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
216127640 XXX XXX   23236850     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Transfer Tax Fee Amount of $[redacted] exceeds tolerance of $[redacted] by .50 cents.       Reviewer Comment (2019-05-31): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided


Buyer Comment (2019-05-31): Please see cure documents provided.  Please clear.


Reviewer Comment (2019-05-31): [redacted] confirms [redacted]  provided on LE However if the fee was [redacted]  the lender should have rounded up to [redacted] on the LE


Buyer Comment (2019-05-31): Initial LE denotes the amount of Transfer Fax as [redacted] rounding). No "cents" are denoted on LE. Please clear.
   03/20/2019   2 B   NY Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM No
216127640 XXX XXX   23236851     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. Final CD dated [redacted] did not reflect an amount by which the fees exceeded the legal limit.       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     03/14/2019 2 B   NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
216127640 XXX XXX   23236853     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower. Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided       Reviewer Comment (2019-05-31): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided
   03/20/2019   2 B   NY Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
216127644 XXX XXX   23236900     Credit Missing Document General Missing Document Missing Document: Borrower Ability to Repay Attestation not provided   Missing from file.       Reviewer Comment (2019-05-31): Borrower Ability to Repay Attestation provided
 05/17/2019     1 A   FL Primary Purchase   C B C A C B A A Non QM Non QM No
216127644 XXX XXX   23236901     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.96950% or Final Disclosure APR of 8.09800% is in excess of allowable threshold of APOR 4.39% + 1.5%, or 5.89000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-31): [redacted] mortgage purchases HPML compliant loans.
     04/25/2019 1 A   FL Primary Purchase   C B C A C B A A Non QM Non QM No
216127644 XXX XXX   23236902     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. Missing from file.       Reviewer Comment (2019-05-31): Document provided
 04/26/2019     1 A   FL Primary Purchase   C B C A C B A A Non QM Non QM No
216127644 XXX XXX   23236903     Compliance Compliance Federal Compliance TRID Defect TRID Closing Disclosure Lump Sum Allocation Lump sum lender/seller credit disclosed on Closing Disclosure applied to offset non-finance charges first, then finance charges pursuant to client's election as permitted under SFIG RMBS 3.0 TRID Compliance Review Scope Version 2.0 (updated October 2018).  Anti-predatory lending points and fees testing are not impacted.         Buyer Comment (2019-05-31): [redacted] has elected to waive
     04/26/2019 1 A   FL Primary Purchase   C B C A C B A A Non QM Non QM No
216127644 XXX XXX   23236904     Compliance Compliance Federal Compliance TRID TRID Esign Consent Agreement Status ESIGN Act - Missing esign consent.  TRID disclosures provided electronically will not be used to set or rebaseline fees for tolerance purposes.  Disclosures sent electronically may result in a fee tolerance violation of up to $[redacted] and disclosure timing violations. Missing e-sign consent, initial LE e-signed [redacted].  All fee baselines are $0.00.       Reviewer Comment (2019-05-31): E-sign Consent Agreement provided
 04/26/2019     1 A   FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216127644 XXX XXX   23236905     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. Not provided, field not shown.  Missing e-sign consent, initial LE e-signed [redacted].  All fee baselines are $0.00.       Buyer Comment (2019-05-31): [redacted] has elected to waive
     04/26/2019 2 B   FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
216127644 XXX XXX   23236906     Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing from file.       Reviewer Comment (2019-05-31): Document provided
 04/26/2019     1 A   FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216127644 XXX XXX   23236907     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 three (3) business days prior to closing. Only complete CD in file is the Final CD issued on [redacted] and signed [redacted].       Reviewer Comment (2019-05-31): Initial CD provided
 04/26/2019     1 A   FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216127644 XXX XXX   23236909     Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Missing from file.       Reviewer Comment (2019-05-31): SSPL provided
 04/26/2019     1 A   FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216127644 XXX XXX   23236910     Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $0.00 plus 10% or $0.00.  Insufficient or no cure was provided to the borrower. No cure provided for overage, missing e-sign consent and therefore all fee baselines are $0.00.       Reviewer Comment (2019-05-31): E-sign Consent Agreement provided


Buyer Comment (2019-05-31): please see uploaded E-Consent
 04/26/2019     1 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 C A C B A A Non QM Non QM No
216127644 XXX XXX   23236911     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. No cure provided for overage, missing e-sign consent and therefore all fee baselines are $0.00.       Reviewer Comment (2019-05-31): [redacted] received LE and COC. Exception Cleared.


Buyer Comment (2019-05-31): uploaded LE, COC and Disclosure Tracking  dated [redacted] showing added [redacted]  for Tax Service Fee and increase in discount points fee


Reviewer Comment (2019-05-31): UPDATED: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted]  exceeds tolerance of [redacted]   Insufficient or no cure was provided to the borrower. Cure due or valid change of circumstance required to justify fee increase


Buyer Comment (2019-05-31): please see uploaded E-Consent
 04/30/2019     1 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 C A C B A A Non QM Non QM No
216127644 XXX XXX   23236912     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Underwriting Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. No cure provided for overage, missing e-sign consent and therefore all fee baselines are $0.00.       Reviewer Comment (2019-05-31): E-sign Consent Agreement provided


Buyer Comment (2019-05-31): please see uploaded E-Consent
 04/26/2019     1 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 C A C B A A Non QM Non QM No
216127644 XXX XXX   23236913     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Processing Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. No cure provided for overage, missing e-sign consent and therefore all fee baselines are $0.00.       Reviewer Comment (2019-05-31): E-sign Consent Agreement provided


Buyer Comment (2019-05-31): please see uploaded E-Consent
 04/26/2019     1 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 C A C B A A Non QM Non QM No
216127644 XXX XXX   23236914     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. No cure provided for overage, missing e-sign consent and therefore all fee baselines are $0.00.       Reviewer Comment (2019-05-31): E-sign Consent Agreement provided


Buyer Comment (2019-05-31): please see uploaded E-Consent
 04/26/2019     1 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 C A C B A A Non QM Non QM No
216127644 XXX XXX   23236915     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. No cure provided for overage, missing e-sign consent and therefore all fee baselines are $0.00.       Reviewer Comment (2019-05-31): [redacted] received LE and COC. Exception Cleared.


Reviewer Comment (2019-05-31): Cure or valid change of circumstance required for the addition of the Appraisal Review Fee


Buyer Comment (2019-05-31): please see uploaded E-Consent
 04/30/2019     1 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 C A C B A A Non QM Non QM No
216127644 XXX XXX   23236916     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. No cure provided for overage, missing e-sign consent and therefore all fee baselines are $0.00.       Reviewer Comment (2019-05-31): E-sign Consent Agreement provided


Buyer Comment (2019-05-31): please see uploaded E-Consent
 04/26/2019     1 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 C A C B A A Non QM Non QM No
216127644 XXX XXX   23236917     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Flood Certification (Life Of Loan).  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. No cure provided for overage, missing e-sign consent and therefore all fee baselines are $0.00.       Reviewer Comment (2019-05-31): E-sign Consent Agreement provided


Buyer Comment (2019-05-31): please see uploaded E-Consent
 04/26/2019     1 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 C A C B A A Non QM Non QM No
216127644 XXX XXX   23236918     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan).  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. No cure provided for overage, missing e-sign consent and therefore all fee baselines are $0.00.       Reviewer Comment (2019-05-31): [redacted] received PCCD indicating cure and LOE. Please provide Refund Check and Proof of Delivery to cure.


Reviewer Comment (2019-05-31): [redacted] received LE and COC. The change in program does not appear to be related to disclosing the Tax Service Fee and would have been known at initial disclosure to be required. Please provide corrected CD, LOE, Refund Check, and Proof of Delivery to cure.


Reviewer Comment (2019-05-31): Cure or valid change of circumstance required for the addition of the Tax Service Fee - disclosed on the Final CD as non shop-able


Buyer Comment (2019-05-31): please see uploaded E-Consent
 05/01/2019     1 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 C A C B A A Non QM Non QM No
216127644 XXX XXX   23236919     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. No cure provided for overage, missing e-sign consent and therefore all fee baselines are $0.00.       Reviewer Comment (2019-05-31): E-sign Consent Agreement provided


Buyer Comment (2019-05-31): please see uploaded E-Consent
 04/26/2019     1 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 C A C B A A Non QM Non QM No
216127644 XXX XXX   23236920     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within three (3) business days of application. Evidence of earlier receipt missing from file.       Reviewer Comment (2019-05-31): Evidence of earlier receipt provided
 04/29/2019     1 A   FL Primary Purchase   C B C A C B A A Non QM Non QM No
216127644 XXX XXX   23236921     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan).  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower. [redacted] received PCCD indicating cure and LOE. Please provide Refund Check and Proof of Delivery to cure.       Reviewer Comment (2019-05-31): LOE, Cure check, Corrected CD and proof of delivery provided


Reviewer Comment (2019-05-31): [redacted] received PCCD indicating cure and LOE. Please provide Refund Check and Proof of Delivery to cure.
   05/03/2019   2 B   FL Primary Purchase   C B C A C B A A Non QM Non QM No
216127645 XXX XXX   23236922     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided   Please provide Final Approval.       Reviewer Comment (2019-05-31): Final approval has been provided.
 03/22/2019     1 A   NJ Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236923     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Please provide 2 months bank statements for accounts listed on Final 1003 supporting figures used to qualify. Subject to re-qualification.       Reviewer Comment (2019-05-31): Additional account provided.


Reviewer Comment (2019-05-31): Need CPA letter reflecting [redacted] as well and the usability of funds from business account.


Buyer Comment (2019-05-31): Only one account used to qualify
 03/11/2019     1 A   NJ Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236924     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Please provide 2 months bank statements for accounts listed on Final 1003 supporting figures used to qualify. Subject to re-qualification.       Reviewer Comment (2019-05-31): Additional account provided.


Buyer Comment (2019-05-31): please see uploaded 2nd page of 1003 and bank statement
 03/11/2019     1 A   NJ Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236926     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.37430% or Final Disclosure APR of 7.38100% is in excess of allowable threshold of APOR 4.82% + 2.5%, or 7.32000%.  Non-Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-31): .
 03/11/2019     1 A   NJ Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236927     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Closing Costs Financed TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed Closing Costs Financed that does not match actual amount of closing costs financed. Disclosure reflects $0 for Closing Costs Financed, but this should be ($[redacted]).       Buyer Comment (2019-05-31): [redacted] has elected to waive
     03/11/2019 2 B   NJ Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236928     Compliance Compliance Federal Compliance TRID Defect TILA-RESPA Integrated Disclosure: application date on or after 10/3/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[redacted] may be required. Missing evidence of the borrower's receipt of the Loan Estimate.       Reviewer Comment (2019-05-31): Initial LE provided
 03/11/2019     1 A   NJ Primary Refinance - Rate/Term No Defined Cure C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236929     Compliance Compliance Federal Compliance TILA ARM Disclosure Status Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. Missing evidence of the borrower's receipt of the ARM Disclosure.       Reviewer Comment (2019-05-31): .
 03/11/2019     1 A   NJ Primary Refinance - Rate/Term No Defined Cure C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236930     Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower. Missing evidence of the borrower's receipt of the Consumer Handbook on Adjustable Rate Mortgages.       Reviewer Comment (2019-05-31): CHARM Booklet Disclosure provided
 03/12/2019     1 A   NJ Primary Refinance - Rate/Term No Defined Cure C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236931     Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Missing evidence of the borrower's receipt of the Right to receive a copy of the Appraisal Disclosure.       Reviewer Comment (2019-05-31): Evidence of the borrower's receipt of the Right to receive a copy of the Appraisal Disclosure provided.
 03/11/2019     1 A   NJ Primary Refinance - Rate/Term Good faith redisclosure C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236932     Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - HPML Status HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. Missing evidence of the borrower's receipt of the Right to receive a copy of the Appraisal Disclosure.       Reviewer Comment (2019-05-31): .
 03/11/2019     1 A   NJ Primary Refinance - Rate/Term Good faith redisclosure C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236933     Compliance Compliance Federal Compliance TRID TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Missing evidence of the borrower's receipt of the Servicing Disclosure.       Reviewer Comment (2019-05-31): Initial LE provided
 03/11/2019     1 A   NJ Primary Refinance - Rate/Term Good faith redisclosure C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236934     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations not provided to applicant within three (3) business days of application. Evidence of earlier borrower receipt was not found in file.       Reviewer Comment (2019-05-31): .
 03/11/2019     1 A   NJ Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236935     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Lender approved exception to allow DTI is [redacted]% vs program maximum of 50%. Please provide updated exception for [redacted]% as calculated per final amounts. No public records.

Subject has undergone renovations since purchase with new baths, paint, custom doors, hardwood floors and a refinished fireplace.

Rate and term refinance.

Credit score is [redacted], 36 points < program requirement of 640.

LTV is [redacted]%,[redacted]% < program maximum of 85%.		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-05-31): DTI is [redacted]  vs program max [redacted]


Reviewer Comment (2019-05-31): Updated DTI is [redacted]


Buyer Comment (2019-05-31): please see uploaded 2nd page of 1003 and bank statement
     03/14/2019 2 B   NJ Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236936     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Lender approved exception to allow DTI is [redacted]% vs program maximum of 50%. Please provide updated exception for [redacted]% as calculated per final amounts.       Reviewer Comment (2019-06-04): Diligence designation is now Non-QM


Reviewer Comment (2019-05-31): DTI is [redacted]  vs program max [redacted]


Reviewer Comment (2019-05-31): Updated DTI is [redacted]


Buyer Comment (2019-05-31): please see uploaded 2nd page of 1003 and bank statement
 06/04/2019     1 A   NJ Primary Refinance - Rate/Term Lender to provide updated ATR/QM Loan Designation C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236937     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. Lender approved exception to allow DTI is [redacted]% vs program maximum of 50%. Please provide updated exception for [redacted]% as calculated per final amounts.       Reviewer Comment (2019-05-31): DTI is [redacted] vs program max [redacted]


Reviewer Comment (2019-05-31): Updated DTI is [redacted]


Buyer Comment (2019-05-31): please see uploaded 2nd page of 1003 and bank statement
 03/14/2019     1 A   NJ Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236938     Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted]% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) Lender approved exception to allow DTI is [redacted]% vs program maximum of 50%. Please provide updated exception for [redacted]% as calculated per final amounts. No public records.

Subject has undergone renovations since purchase with new baths, paint, custom doors, hardwood floors and a refinished fireplace.

Rate and term refinance.

Credit score is [redacted], 36 points < program requirement of 640.

LTV is [redacted]%,[redacted]% < program maximum of 85%.		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-05-31): DTI is [redacted] vs program max [redacted]


Reviewer Comment (2019-05-31): Updated DTI is [redacted]


Buyer Comment (2019-05-31): please see uploaded 2nd page of 1003 and bank statement
     03/14/2019 2 B   NJ Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236939     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 (Third Circuit) Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-8 form was used, the H-9 form should have been used. Subject is a same Lender refinance with the H-8 form used.       Reviewer Comment (2019-05-31): RTC Due to same lender refi, form H-9 provided.


Reviewer Comment (2019-05-31): Due to same lender refi, form needs to be H-9.


Buyer Comment (2019-05-31): Please advise what is wrong with current RTC
 03/21/2019     1 A   NJ Primary Refinance - Rate/Term TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236940     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Please provide verification of cancelled checks for current subject mortgage payments. Per guidelines for obligations not appearing on credit report, verification of mortgage or copies of the front and back of the last months checks. File contains a spreadsheet listing payment history (document is not from the Lender) and copies of checks (checks are not cancelled checks and no bank statements in file to supporting clearing account). Subject to re-qualification.       Reviewer Comment (2019-05-31): Agree with lender.


Buyer Comment (2019-05-31): Property was acquired in [redacted]  with first payment in [redacted] . Please advise what months you are missing. I submitted cancelled checks from [redacted]


Reviewer Comment (2019-05-31): No new documentation has been provided in trailing docs to support [redacted] month history.


Reviewer Comment (2019-05-31): Trailing docs only shows [redacted] months of cancelled checks.
 03/13/2019     1 A   NJ Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236942     Compliance Compliance Federal Compliance TRID TRID Esign Consent Agreement Status ESIGN Act - Missing esign consent.  TRID disclosures provided electronically will not be used to set or rebaseline fees for tolerance purposes.  Disclosures sent electronically may result in a fee tolerance violation of up to $[redacted] and disclosure timing violations. Please provide E-sign consent agreement as the [redacted] LE was e-signed.  Further testing will be ran for the 0% and 10% tolerance exceptions once the E-sign Consent Agreement is received       Reviewer Comment (2019-05-31): [redacted] received E Consent dated [redacted]  Exception Cleared.
 03/12/2019     1 A   NJ Primary Refinance - Rate/Term No Defined Cure C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236943     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. Please provide E-sign consent agreement as the [redacted] LE was e-signed.  Further testing will be ran for the 0% and 10% tolerance exceptions once the E-sign Consent Agreement is received       Buyer Comment (2019-05-31): [redacted] has elected to waive
     03/12/2019 2 B   NJ Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236944     Compliance Compliance Federal Compliance TRID TRID Service Provider - Compliant TILA-RESPA Integrated Disclosure: Settlement Service Provider List did not provide at least one available provider for each settlement service borrower is entitled to shop for or inform borrower they may choose different provider from list. Please provide Settlement Service Provider List. Document provided list the fees and cost of the fees but does not provide a name and contact information for settlement providers       Reviewer Comment (2019-05-31): [redacted] received E Consent dated [redacted] . Exception Cleared.
 03/12/2019     1 A   NJ Primary Refinance - Rate/Term No Defined Cure C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236945     Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $0.00 plus 10% or $0.00.  Insufficient or no cure was provided to the borrower. Please provide E-sign consent agreement as the [redacted] LE was e-signed.  Further testing will be ran for the 0% and 10% tolerance exceptions once the E-sign Consent Agreement is received       Reviewer Comment (2019-05-31): [redacted] received E Consent dated [redacted] . Exception Cleared.


Buyer Comment (2019-05-31): Please see uploaded e-consent
 03/12/2019     1 A   NJ Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236946     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Application Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Please provide E-sign consent agreement as the [redacted] LE was e-signed.  Further testing will be ran for the 0% and 10% tolerance exceptions once the E-sign Consent Agreement is received       Reviewer Comment (2019-05-31): [redacted] received E Consent dated [redacted]  Exception Cleared.


Buyer Comment (2019-05-31): Please see uploaded e-consent
 03/12/2019     1 A   NJ Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236947     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Commitment Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Please provide E-sign consent agreement as the [redacted] LE was e-signed.  Further testing will be ran for the 0% and 10% tolerance exceptions once the E-sign Consent Agreement is received       Reviewer Comment (2019-05-31): [redacted] received E Consent dated [redacted] . Exception Cleared.


Buyer Comment (2019-05-31): Please see uploaded e-consent
 03/12/2019     1 A   NJ Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236948     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Please provide E-sign consent agreement as the [redacted] LE was e-signed.  Further testing will be ran for the 0% and 10% tolerance exceptions once the E-sign Consent Agreement is received       Reviewer Comment (2019-05-31): [redacted] received E Consent dated [redacted] Exception Cleared.


Buyer Comment (2019-05-31): Please see uploaded e-consent
 03/12/2019     1 A   NJ Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236949     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Please provide E-sign consent agreement as the [redacted] LE was e-signed.  Further testing will be ran for the 0% and 10% tolerance exceptions once the E-sign Consent Agreement is received       Reviewer Comment (2019-05-31): [redacted] received E Consent dated [redacted] . Exception Cleared.


Buyer Comment (2019-05-31): Please see uploaded e-consent
 03/12/2019     1 A   NJ Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236950     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Compliance Audit / Quality Control Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Please provide E-sign consent agreement as the [redacted] LE was e-signed.  Further testing will be ran for the 0% and 10% tolerance exceptions once the E-sign Consent Agreement is received       Reviewer Comment (2019-05-31): [redacted] received E Consent dated [redacted]  Exception Cleared.


Buyer Comment (2019-05-31): Please see uploaded e-consent
 03/12/2019     1 A   NJ Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236951     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $32.44 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Please provide E-sign consent agreement as the [redacted] LE was e-signed.  Further testing will be ran for the 0% and 10% tolerance exceptions once the E-sign Consent Agreement is received       Reviewer Comment (2019-05-31): [redacted] received E Consent dated [redacted]  Exception Cleared.


Buyer Comment (2019-05-31): Please see uploaded e-consent
 03/12/2019     1 A   NJ Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236952     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Fee.  Fee Amount of $20.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Please provide E-sign consent agreement as the [redacted] LE was e-signed.  Further testing will be ran for the 0% and 10% tolerance exceptions once the E-sign Consent Agreement is received       Reviewer Comment (2019-05-31): [redacted] received E Consent dated [redacted] Exception Cleared.


Buyer Comment (2019-05-31): Please see uploaded e-consent
 03/12/2019     1 A   NJ Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236953     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Flood Certification (Life Of Loan).  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Please provide E-sign consent agreement as the [redacted] LE was e-signed.  Further testing will be ran for the 0% and 10% tolerance exceptions once the E-sign Consent Agreement is received       Reviewer Comment (2019-05-31): [redacted] received E Consent dated [redacted] Exception Cleared.


Buyer Comment (2019-05-31): Please see uploaded e-consent
 03/12/2019     1 A   NJ Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236954     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan).  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Please provide E-sign consent agreement as the [redacted] LE was e-signed.  Further testing will be ran for the 0% and 10% tolerance exceptions once the E-sign Consent Agreement is received       Reviewer Comment (2019-05-31): [redacted] received E Consent dated [redacted] . Exception Cleared.


Buyer Comment (2019-05-31): Please see uploaded e-consent
 03/12/2019     1 A   NJ Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236955     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Attorney Review Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Please provide E-sign consent agreement as the [redacted] LE was e-signed.  Further testing will be ran for the 0% and 10% tolerance exceptions once the E-sign Consent Agreement is received       Reviewer Comment (2019-05-31): [redacted] received E Consent dated [redacted] . Exception Cleared.


Buyer Comment (2019-05-31): Please see uploaded e-consent
 03/12/2019     1 A   NJ Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127645 XXX XXX   23236956     Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [redacted], prior to three (3) business days from transaction date of [redacted] RTC Due to same lender refi, form H-9 provided.       Reviewer Comment (2019-05-31): Borrower was provided a new [redacted] day rescission with the proper form. Condition cleared.
 03/22/2019     1 A   NJ Primary Refinance - Rate/Term TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B C B C B A A Non QM Non QM No
216127646 XXX XXX   23236957     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.38860% or Final Disclosure APR of 6.32500% is in excess of allowable threshold of APOR 4.64% + 1.5%, or 6.14000%.  Non-Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-31): UPS delivery received for delivery of NY subprime counseling disclosure.


Reviewer Comment (2019-05-31): Will clear exception once check has been delivered to borrower per UPS.com tracking,.


Buyer Comment (2019-05-31): Please clear NY Subprime Disclosure was provided and cleared on another condition.


Reviewer Comment (2019-05-31): New York Subprime Counseling Disclosure not compliant.


Reviewer Comment (2019-05-31): Evidence of provided date for New York Subprime counseling doc not provided.
 05/20/2019     1 A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
216127646 XXX XXX   23236958     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) [redacted] Subprime Loan: Counseling Disclosure not provided to borrower.         Reviewer Comment (2019-05-31): New York Subprime Counseling Disclosure provided
 04/29/2019     1 A   NY Primary Purchase No obvious cure C B A A C B A A Non QM Non QM No
216127646 XXX XXX   23236959     Compliance Compliance State Compliance State HPML [redacted] Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant [redacted] Subprime Loan: APR on subject loan of 6.38860% is in excess of allowable threshold of Prime Mortgage Market Rate 3.66000% + 1.75%, or 5.41000%.  Non-Compliant SubPrime Loan.         Reviewer Comment (2019-05-31): 1008/ATR worksheet provided


Reviewer Comment (2019-05-31): Evidence of provided date for New York Subprime counseling doc not provided.


Reviewer Comment (2019-05-31): New York Subprime
 05/02/2019     1 A   NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B A A C B A A Non QM Non QM No
216127646 XXX XXX   23236960     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. Due to the Index used by Lender of[redacted]% us outside of the lookback period.       Reviewer Comment (2019-05-31): [redacted] received PCCD and LOE - separating APR fees from Non APR fees.  No refund is required.


Reviewer Comment (2019-05-31): [redacted] received Market Data printout for index used for closing ([redacted] ) was used for retesting.  The finance charge variance is due to the Bankruptcy Patriot Search fee of [redacted]  not included in finance charge APR.  A part of this fee may not be APR related, will need to break out the fee for the reason it was intended for further review.  The calculated amount is [redacted]  and the disclosed amount is [redacted]
   05/07/2019   2 B   NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B A A C B A A Non QM Non QM No
216127646 XXX XXX   23236961     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. Due to the Index used by Lender of[redacted]% us outside of the lookback period.       Reviewer Comment (2019-05-31): [redacted] received Market Data print out reflecting index of [redacted]  used for closing and retested.
 04/29/2019     1 A   NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
216127646 XXX XXX   23236962     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed a Total of Payments that does not match the actual total of payments for the loan. Due to the Index used by Lender of[redacted]% us outside of the lookback period.       Reviewer Comment (2019-05-31): [redacted] received Market Data print out reflecting index of [redacted]  used for closing and retested.
 04/29/2019     1 A   NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable C B A A C B A A Non QM Non QM No
216127646 XXX XXX   23236964     Compliance Compliance Federal Compliance TILA TILA NMLSR - Originator Company Not Licensed at time of Application Unable to test LO company NMLS license due to missing information. Application date missing from file.       Reviewer Comment (2019-05-31): Initial 1003 provided
 04/29/2019     1 A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
216127646 XXX XXX   23236965     Compliance Compliance Federal Compliance TILA Federal Loan Originator Compensation - Individual LO Not NMLS Licensed at Time of Application Unable to test Loan Originator license due to missing information. Application date missing from file.       Reviewer Comment (2019-05-31): Initial 1003 provided
 04/29/2019     1 A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
216127646 XXX XXX   23236966     Compliance Compliance Federal Compliance TILA TILA NMLSR - Individual Originator License Status Not Approved Unable to test Individual Loan Originator license status due to missing information. Application date missing from file.       Reviewer Comment (2019-05-31): Initial 1003 provided


Buyer Comment (2019-05-31): Please see uploaded 1003
 04/29/2019     1 A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
216127646 XXX XXX   23236967     Compliance Compliance Federal Compliance TILA TILA NMLSR - Originator Company License Status Not Approved Unable to test LO company status due to missing information. Application date missing from file.       Reviewer Comment (2019-05-31): Initial 1003 provided


Buyer Comment (2019-05-31): Please see uploaded 1003
 04/29/2019     1 A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
216127646 XXX XXX   23236968     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. Application date missing from file.       Buyer Comment (2019-05-31): [redacted] has elected to waive
     04/29/2019 2 B   NY Primary Purchase   C B A A C B A A Non QM Non QM No
216127646 XXX XXX   23236969     Compliance Compliance State Compliance State HPML (State HPML Provision) New York Subprime Loan (Ability to Repay not Verified) [redacted] Subprime Loan: File does not contain evidence that analysis of borrower's ability to repay was performed based on verified income, obligations, assets, and/or employment using PITI payment based on fully-indexed rate with fully-amortizing payment and taking into account  payments on any simultaneously-closed loans. File missing 1008/ATR worksheet.       Reviewer Comment (2019-05-31): 1008/ATR worksheet provided


Reviewer Comment (2019-05-31): 1008/ATR worksheet not provided in trailing docs. Bank statement analysis only reflects income and PITI, does not reflect assets for reserves and funds to close.
 05/02/2019     1 A   NY Primary Purchase No obvious cure C B A A C B A A Non QM Non QM No
216127646 XXX XXX   23236970     Compliance Compliance Federal Compliance TILA ARM Disclosure Status Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower. Missing from file.       Reviewer Comment (2019-05-31): ARM disclosure provided.
 04/29/2019     1 A   NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
216127646 XXX XXX   23236971     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Flipped Property - Borrower Charged for 2 Appraisals) TILA HPML Appraisal Rule (Dodd-Frank 2014): Flipped Property - Creditor improperly charged consumer for two (2) appraisals. Borrower paid for both appraisals prior to close per final CD.       Reviewer Comment (2019-05-31): Copy of the Refund Check, Proof of Delivery per UPS.com, and Cover Letter provided.


Reviewer Comment (2019-05-31): Will clear exception once check has been delivered to borrower per UPS.com tracking,.


Reviewer Comment (2019-05-31): Per compliance and section 12 CFR 1026.35(C)(4) states that "If the creditor must obtain 2 appraisal under paragrah (c)(4)  of this section, the creditor may charge the consumer for only
one of the appraisals."  Exception remains.


Reviewer Comment (2019-05-31): Per guidelines, only 1 appraisal is required, however borrower was charged for 2nd appraisal to be completed.
   05/20/2019   2 B   NY Primary Purchase Provide evidence of the refund of the amount charged to the consumer for the second appraisal performed on the subject property.  (Include a copy of the Refund Check, Proof of Delivery, and Cover Letter) C B A A C B A A Non QM Non QM No
216127646 XXX XXX   23236972     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) [redacted] Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Provided date not on doc.       Buyer Comment (2019-05-31): [redacted] has elected to waive


Reviewer Comment (2019-05-31): Trailing doc provided has a date of [redacted] , application date is [redacted]
     05/02/2019 2 B   NY Primary Purchase No obvious cure C B A A C B A A Non QM Non QM No
216127646 XXX XXX   23236973     Compliance Compliance State Compliance State HPML [redacted] Subprime Home Loan Threshold Greater than 3 Year ARM Compliant [redacted] Subprime Loan: APR on subject loan of 6.34830% is in excess of allowable threshold of Prime Mortgage Market Rate 3.66000% + 1.75%, or 5.41000%.  Compliant SubPrime Loan.         Buyer Comment (2019-05-31): [redacted] has elected to waive
     05/02/2019 2 B   NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B A A C B A A Non QM Non QM No
216127647 XXX XXX   23236975     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided           Reviewer Comment (2019-05-31): Approval provided


Buyer Comment (2019-05-31): Loan Approval provided
 05/09/2019     1 A   NY Primary Purchase   C B C A C B A A Non QM Non QM No
216127647 XXX XXX   23236977     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Evidence if/when CDA was provided to borrower missing from file.       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.


Reviewer Comment (2019-05-31): Exception is in regards to CDA, not appraisal.


Buyer Comment (2019-05-31): See trailing document confirming borrower received valuation within allowed timeframe.


Reviewer Comment (2019-05-31): Issue is document signed AT closing confirming receipt of appraisal not provided.
     05/20/2019 2 B   NY Primary Purchase   C B C A C B A A Non QM Non QM No
216127647 XXX XXX   23236978     Compliance Compliance State Compliance State HPML (State HPML Provision) New York Subprime Loan (Ability to Repay not Verified) [redacted] Subprime Loan: File does not contain evidence that analysis of borrower's ability to repay was performed based on verified income, obligations, assets, and/or employment using PITI payment based on fully-indexed rate with fully-amortizing payment and taking into account  payments on any simultaneously-closed loans.         Reviewer Comment (2019-05-31): 1008 provided.


Buyer Comment (2019-05-31): 1008 Uploaded


Reviewer Comment (2019-05-31): ATR discl. does not reflect income and assets as required and no 1008 provided.


Buyer Comment (2019-05-31): See ATR disclosure provided
 05/16/2019     1 A   NY Primary Purchase No obvious cure C B C A C B A A Non QM Non QM No
216127647 XXX XXX   23236979     Compliance Compliance State Compliance State HPML [redacted] Subprime Home Loan Threshold Fixed Non-Compliant [redacted] Subprime Loan: APR on subject loan of 6.28070% or Final Disclosure APR of 6.28700% is in excess of allowable threshold of Prime Mortgage Market Rate 4.12000 + 1.75%, or 5.87000%.  Non-Compliant SubPrime Loan.         Reviewer Comment (2019-05-31): 1008 provided.


Reviewer Comment (2019-05-31): ATR discl. does not reflect income and assets as required and no 1008 provided.


Buyer Comment (2019-05-31): See trailing documents
 05/16/2019     1 A   NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C A C B A A Non QM Non QM No
216127647 XXX XXX   23236980     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Escrowed Property Costs Year 1 -  October 2018 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Per CD property and school taxes $[redacted] and per tax cert $[redacted] monthly.       Reviewer Comment (2019-05-31): [redacted] reviewed exception. The Final CD escrow amount is consistent with IEADS. Exception Cleared.


Buyer Comment (2019-05-31): Two Tax Lots on the subject property.
 05/15/2019     1 A   NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
216127647 XXX XXX   23236981     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan. Per CD property and school taxes $[redacted] and per tax cert $[redacted] monthly.       Reviewer Comment (2019-05-31): [redacted] reviewed exception. The Final CD escrow amount is consistent with IEADS. Exception Cleared.


Buyer Comment (2019-05-31): Two Tax Lots on the subject property.
 05/15/2019     1 A   NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM No
216127647 XXX XXX   23236982     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Total Minimum Payment Fixed Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. Per CD property and school taxes $[redacted] and per tax cert $[redacted] monthly.       Reviewer Comment (2019-05-31): [redacted] reviewed exception. The Final CD escrow amount is consistent with IEADS. Exception Cleared.


Buyer Comment (2019-05-31): Two Tax Lots on the subject property.
 05/15/2019     1 A   NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C A C B A A Non QM Non QM No
216127647 XXX XXX   23236983     Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing from file.       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     05/20/2019 2 B   NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216127647 XXX XXX   23236984     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Evidence if/when initial report dated [redacted] was provided to borrower missing from file. Initial appraisal dated [redacted] and updated dated [redacted].       Reviewer Comment (2019-05-31): Confirmation of receipt of initial appraisal provided.


Buyer Comment (2019-05-31): See trailing document confirming borrower received valuation within allowed time frame


Reviewer Comment (2019-05-31): Issue is document signed AT closing confirming receipt of appraisal not provided.
 05/16/2019     1 A   NY Primary Purchase   C B C A C B A A Non QM Non QM No
216127647 XXX XXX   23236985     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.28070% or Final Disclosure APR of 6.28700% is in excess of allowable threshold of APOR 4.24% + 1.5%, or 5.74000%.  Non-Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-31): Confirmation of receipt of initial appraisal provided.
 05/16/2019     1 A   NY Primary Purchase   C B C A C B A A Non QM Non QM No
216127647 XXX XXX   23236986     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Evidence if/when initial report dated [redacted] was provided to borrower missing from file.       Reviewer Comment (2019-05-31): Confirmation of receipt of initial appraisal provided.


Buyer Comment (2019-05-31): See trailing document


Reviewer Comment (2019-05-31): Issue is document signed AT closing confirming receipt of appraisal not provided.
 05/16/2019     1 A   NY Primary Purchase   C B C A C B A A Non QM Non QM No
216127647 XXX XXX   23236987     Credit Credit Credit Eligibility Guideline Public Record Issue: - Evidence that collection for $[redacted] to [redacted] has been paid/settled missing from file.       Reviewer Comment (2019-05-31): Agree with lender.


Buyer Comment (2019-05-31): Collection account disputed by Consumer - Reserves sufficient to meet UW guideline requirement
 05/09/2019     1 A   NY Primary Purchase   C B C A C B A A Non QM Non QM No
216127647 XXX XXX   23236989     Compliance Compliance State Compliance State HPML [redacted] Subprime Home Loan Threshold Fixed Compliant [redacted] Subprime Loan: APR on subject loan of 6.28070% or Final Disclosure APR of 6.28700% is in excess of allowable threshold of Prime Mortgage Market Rate 4.12000 + 1.75%, or 5.87000%.  Compliant SubPrime Loan.         Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     05/20/2019 2 B   NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C A C B A A Non QM Non QM No
216127648 XXX XXX   23236991     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.90020% or Final Disclosure APR of 6.90200% is in excess of allowable threshold of APOR 4.10% + 1.5%, or 5.60000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-31): [redacted] mortgage purchases HPML compliant loans.
     05/10/2019 1 A   VA Primary Purchase   C B A A C B A A Non QM Non QM No
216127648 XXX XXX   23236992     Compliance Compliance Federal Compliance TRID TRID Esign Consent Agreement Status ESIGN Act - Missing esign consent.  TRID disclosures provided electronically will not be used to set or rebaseline fees for tolerance purposes.  Disclosures sent electronically may result in a fee tolerance violation of up to $[redacted] and disclosure timing violations. E-sign consent from missing from file resulting in a potential fee tolerance violation of $[redacted].       Reviewer Comment (2019-05-31): [redacted] received [redacted]  E Consent. Exception Cleared.


Buyer Comment (2019-05-31): Esign Consent provided
 05/13/2019     1 A   VA Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
216127648 XXX XXX   23236993     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. Final CD does not reflect an amount by which the fees exceeded the legal limit.       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     05/10/2019 2 B   VA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
216127648 XXX XXX   23236995     Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $0.00 plus 10% or $0.00.  Insufficient or no cure was provided to the borrower. Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $0.00 plus 10% or $0.00. Insufficient or no cure was provided to the borrower. Initial LE dated [redacted] was e-signed and missing the e-sign document baseline is $0.       Reviewer Comment (2019-05-31): [redacted] received [redacted] E Consent. Exception Cleared.


Buyer Comment (2019-05-31): Esign Consent provided.
 05/13/2019     1 A   VA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM No
216127648 XXX XXX   23236996     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted] exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrow.  Initial LE dated [redacted] was e-signed and missing the e-sign document baseline is $0.       Reviewer Comment (2019-05-31): [redacted] received [redacted]  E Consent. Exception Cleared.


Buyer Comment (2019-05-31): Esign Consent provided.
 05/13/2019     1 A   VA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM No
216127648 XXX XXX   23236997     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Underwriting Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Underwriting Fee. Fee Amount of $[redacted] exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower.  Initial LE dated [redacted] was e-signed and missing the e-sign document baseline is $0.       Reviewer Comment (2019-05-31): [redacted] received [redacted]  E Consent. Exception Cleared.


Buyer Comment (2019-05-31): Esign Consent provided.
 05/13/2019     1 A   VA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM No
216127648 XXX XXX   23236998     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Processing Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Processing Fee. Fee Amount of $[redacted] exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower.  Initial LE dated [redacted] was e-signed and missing the e-sign document baseline is $0.       Reviewer Comment (2019-05-31): [redacted] received [redacted]  E Consent. Exception Cleared.


Buyer Comment (2019-05-31): Esign Consent provided.
 05/13/2019     1 A   VA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM No
216127648 XXX XXX   23236999     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted] exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. Initial LE dated [redacted] was e-signed and missing the e-sign document baseline is $0.       Reviewer Comment (2019-05-31): [redacted] received [redacted]  E Consent. Exception Cleared.


Buyer Comment (2019-05-31): Esign Consent provided.
 05/13/2019     1 A   VA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM No
216127648 XXX XXX   23237000     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[redacted] exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. Initial LE dated [redacted] was e-signed and missing the e-sign document baseline is $0.       Reviewer Comment (2019-05-31): [redacted] received [redacted]  E Consent. Exception Cleared.


Buyer Comment (2019-05-31): Esign Consent provided.
 05/13/2019     1 A   VA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM No
216127648 XXX XXX   23237001     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Closing Protection Letter Fee.  Fee Amount of $20.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Initial LE does not reflect a Title CPL fee yet the final CD shows a fee of $[redacted]nitial LE dated [redacted] was e-signed and missing the e-sign document baseline is $0.       Reviewer Comment (2019-05-31): [redacted] reviewed exception. Fee was paid to same provider. Exception Cleared.


Buyer Comment (2019-05-31): Esign Consent provided.
 05/13/2019     1 A   VA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM No
216127648 XXX XXX   23237002     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Insurance Binder Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Initial LE does not reflect a Title Binder Fee yet the final CD shows a fee of $[redacted]nitial LE dated [redacted] was e-signed and missing the e-sign document baseline is $0.       Reviewer Comment (2019-05-31): [redacted] received [redacted]  E Consent. Exception Cleared.


Buyer Comment (2019-05-31): Esign Consent provided.
 05/13/2019     1 A   VA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM No
216127650 XXX XXX   23237022     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.           Reviewer Comment (2019-05-31): Appraisal provided.
 05/15/2019     1 A   FL Primary Purchase   D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237023     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to go in a securitization and reflects only one valuation product when two are required.           Reviewer Comment (2019-05-31): Appraisal provided.


Buyer Comment (2019-05-31): Valuation reports provided
 05/15/2019     1 A   FL Primary Purchase   D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237024     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower.         Reviewer Comment (2019-05-31): [redacted] received the Homeownership counseling dated [redacted]


Buyer Comment (2019-05-31): See Disclosure Tracking provided
 05/22/2019     1 A   FL Primary Purchase   D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237025     Compliance Compliance Federal Compliance TILA ARM Disclosure Status Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower.         Reviewer Comment (2019-05-31): ARM disclosure provided


Buyer Comment (2019-05-31): ARM disclosure provided
 05/17/2019     1 A   FL Primary Purchase No Defined Cure D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237026     Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower.         Reviewer Comment (2019-05-31): [redacted] received the CHARM disclosure stating received on [redacted] .


Buyer Comment (2019-05-31): See Disclosure Tracking provided
 05/22/2019     1 A   FL Primary Purchase No Defined Cure D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237027     Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Timing ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. Appraisal disclosure provided on [redacted]       Reviewer Comment (2019-05-31): [redacted] received [redacted] LEs,  and [redacted]  CDs. Exception Cleared.


Reviewer Comment (2019-05-31): Document is not located on the disclosure tracking with sent date [redacted] . Only 1 page provided.


Buyer Comment (2019-05-31): See Disclosure Tracking provided
 05/22/2019     1 A   FL Primary Purchase   D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237028     Compliance Compliance Federal Compliance TRID TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. Servicing disclosure missing from the file       Reviewer Comment (2019-05-31): [redacted] received [redacted] LEs,  and [redacted] CDs. Exception Cleared.


Buyer Comment (2019-05-31): See Disclosure Tracking provided
 05/22/2019     1 A   FL Primary Purchase Good faith redisclosure D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237029     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. Under disclosed by -$[redacted] - unable to determine fee(s) causing under disclosure as missing the ComplianceEase or Mavent as required per the guides.       Reviewer Comment (2019-05-31): [redacted] reviewed exception. The buyer's attorney fee was not required by lender therefore able to be excluded from finance charges. Exception Cleared.


Buyer Comment (2019-05-31): Mavent provided
 05/22/2019     1 A   FL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237030     Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Home Loan Toolkit disclosure missing from the file       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.


Reviewer Comment (2019-05-31): Document is not listed on the disclosure tracking provided with sent date [redacted]


Buyer Comment (2019-05-31): See Disclosure Tracking provided
     05/22/2019 2 B   FL Primary Purchase No Defined Cure D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237031     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 three (3) business days prior to closing. CD provided on [redacted]       Reviewer Comment (2019-05-31): [redacted] received [redacted] LEs,  and [redacted]CDs. Exception Cleared.


Buyer Comment (2019-05-31): Initial CD provided
 05/22/2019     1 A   FL Primary Purchase No Defined Cure D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237032     Compliance Compliance Federal Compliance TRID Defect TILA-RESPA Integrated Disclosure: application date on or after 10/3/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[redacted] may be required. No cure provided for this fee       Reviewer Comment (2019-05-31): [redacted] received [redacted]LEs,  and [redacted] CDs. Exception Cleared.


Buyer Comment (2019-05-31): COC provided


Buyer Comment (2019-05-31): LE's provided
 05/22/2019     1 A   FL Primary Purchase No Defined Cure D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237034     Credit Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal not provided           Reviewer Comment (2019-05-31): Appraisal provided.


Buyer Comment (2019-05-31): Valuation reports provided
 05/15/2019     1 A   FL Primary Purchase   D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237035     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Lender exception in file for [redacted] months please provided reserves or updated exception at 0.       Reviewer Comment (2019-05-31): Corrected assets for reserves requirement.


Buyer Comment (2019-05-31): See Asset docs provided
 05/16/2019     1 A   FL Primary Purchase   D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237036     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Lender did not include the [redacted] revolving account in the liabilities of $[redacted] monthly.       Reviewer Comment (2019-05-31): [redacted] revolving account of [redacted] paid by business. Removed from DTI.
 05/16/2019     1 A   FL Primary Purchase   D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237037     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Due to DTI - Lender did not include the [redacted] revolving account in the liabilities of $[redacted] monthly.       Reviewer Comment (2019-05-31): [redacted] revolving account of [redacted] paid by business. Removed from DTI.
 05/16/2019     1 A   FL Primary Purchase Lender to provide updated ATR/QM Loan Designation D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237038     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. Due to DTI       Reviewer Comment (2019-05-31): [redacted]revolving account of [redacted] paid by business. Removed from DTI.
 05/16/2019     1 A   FL Primary Purchase   D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237039     Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted]% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) Due to DTI -Lender did not include the [redacted] revolving account in the liabilities of $[redacted] monthly.       Reviewer Comment (2019-05-31): [redacted] revolving account of [redacted] paid by business. Removed from DTI.
 05/16/2019     1 A   FL Primary Purchase   D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237040     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Provide evidence of receipt borrower received appraisal.       Reviewer Comment (2019-05-31): Evidence provided of receipt borrower received appraisal.
 05/16/2019     1 A   FL Primary Purchase   D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237041     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation Unable to determine if the borrower signed a valuation receipt acknowledgment due to missing information. Provide evidence of receipt borrower received appraisal.       Reviewer Comment (2019-05-31): Evidence provided of receipt borrower received appraisal.
 05/16/2019     1 A   FL Primary Purchase   D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237042     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Provide evidence of receipt borrower received appraisal.       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.


Buyer Comment (2019-05-31): See trailing documents
     05/22/2019 2 B   FL Primary Purchase   D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237043     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Provide evidence of receipt borrower received appraisal.       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     05/22/2019 2 B   FL Primary Purchase   D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237044     Compliance Compliance Federal Compliance TILA ARM Disclosure Timing Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application.         Reviewer Comment (2019-05-31): Loan was originated as a fixed rate at application and per LE dated [redacted] changed to an ARM.


Reviewer Comment (2019-05-31): Please provide the LE dated [redacted] changing from a Fixed rate to an ARM.


Buyer Comment (2019-05-31): See Disclosure Tracking provided - Changed from Fixed to ARM
 05/22/2019     1 A   FL Primary Purchase No Defined Cure D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237045     Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Timing TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower within three (3) days of application. Borrower receive don [redacted] application date [redacted].       Reviewer Comment (2019-05-31): Loan was originated as a fixed rate at application and per LE dated [redacted] changed to an ARM.
 05/22/2019     1 A   FL Primary Purchase No Defined Cure D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237046     Compliance Compliance Federal Compliance TRID TRID Alternate Table Usage TILA-RESPA Integrated Disclosure - Costs at Closing/ Calculating Cash to Close: Alternate tables not used consistently throughout the transaction. [redacted] received [redacted][redacted]LEs,  and [redacted] [redacted]CDs. The [redacted]CD uses the without seller format and subsequent CDs use the with seller format.       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     05/22/2019 2 B   FL Primary Purchase Good Faith Redisclosure D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237047     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. [redacted] received [redacted][redacted]LEs,  and [redacted] [redacted]CDs. The Appraisal Fee was initially disclosed as $[redacted], increased to $[redacted] on the [redacted]CD, and increased to $[redacted] on the [redacted]CD without a valid changes of circumstance. Please provide COCs if available or corrected CD, LOE, Refund Check, and Proof of Delivery to cure.       Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     05/22/2019 2 B   FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237048     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. [redacted] received [redacted][redacted]LEs,  and [redacted] [redacted]CDs. The Appraisal Fee was initially disclosed as $[redacted], increased to $[redacted] on the [redacted]CD, and increased to $[redacted] on the [redacted]CD without a valid changes of circumstance. Please provide COCs if available or corrected CD, LOE, Refund Check, and Proof of Delivery to cure.       Reviewer Comment (2019-05-31): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided


Buyer Comment (2019-05-31): Cure documents provided - please clear
   05/23/2019   2 B   FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D A C B C A Non QM Non QM No
216127650 XXX XXX   23237049     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower. Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided       Reviewer Comment (2019-05-31): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided
   05/23/2019   2 B   FL Primary Purchase   D B D A C B C A Non QM Non QM No
216127651 XXX XXX   23237015     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.67720% or Final Disclosure APR of 6.72600% is in excess of allowable threshold of APOR 4.71% + 1.5%, or 6.21000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-05-31): [redacted] mortgage purchases HPML compliant loans.
     05/17/2019 1 A   NY Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
216127651 XXX XXX   23237016     Compliance Compliance Federal Compliance TRID TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [redacted] received on or after the date the Closing Disclosure [redacted] 12:00:00 AM was received. Revised LE dated [redacted] was not acknowledged as being received by the borrower prior to initial CD dated [redacted].       Buyer Comment (2019-05-31): [redacted] has elected to waive
     05/21/2019 2 B   NY Primary Refinance - Cash-out - Other No Defined Cure C B A A C B A A Non QM Non QM No
216127651 XXX XXX   23237017     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. Final CD did not reflect an amount by which the fees exceeded the Legal Limit.       Reviewer Comment (2019-05-31): COC provided. Appraiser needed to provide 442 to confirm Iron Bars removed from basement windows
 05/21/2019     1 A   NY Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
216127651 XXX XXX   23237018     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Compliance Audit / Quality Control Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Initial LE did not reflect a fee for a Post Closing Review/Compliance Audit fee yet the final CD shows a fee of $[redacted].       Reviewer Comment (2019-05-31): COC provided. Appraiser needed to provide 442 to confirm Iron Bars removed from basement windows
 05/21/2019     1 A   NY Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM No
216127651 XXX XXX   23237019     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) [redacted] Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. LE with State Compliant verbiage was issued to the borrower on [redacted] vs. application date of [redacted].       Buyer Comment (2019-05-31): [redacted] has elected to waive
     05/21/2019 2 B   NY Primary Refinance - Cash-out - Other No obvious cure C B A A C B A A Non QM Non QM No
216127651 XXX XXX   23237020     Compliance Compliance State Compliance State HPML [redacted] Subprime Home Loan Threshold Greater than 3 Year ARM Compliant [redacted] Subprime Loan: APR on subject loan of 6.67720% is in excess of allowable threshold of Prime Mortgage Market Rate 3.77000% + 1.75%, or 5.52000%.  Compliant SubPrime Loan.         Buyer Comment (2019-05-31): [redacted] has elected to waive
     05/21/2019 2 B   NY Primary Refinance - Cash-out - Other While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B A A C B A A Non QM Non QM No
216127652 XXX XXX   23237052     Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [redacted],  Most Recent Tax Return End Date [redacted], Tax Return Due Date [redacted]. Lender approved exception.  Allow loan to close without borrower's [redacted]Profit and Loss Statement (as [redacted]returns are on an extension and per client, CPA will not be able to complete for another 4 weeks) vs program requirement that a copy of year-to-date Profit and Loss Agreement is required when tax extensions are granted for prior year.       Reviewer Comment (2019-05-31): [redacted] has elected to waive this exception based on compensating factors.
     05/20/2019 2 B   NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127652 XXX XXX   23237053     Credit Loan Package Documentation Closing / Title Loan Package Documentation Title Error: Title vesting does not concur with deed   Lender Exception to allow owner occupied loan closing in the name of the borrower's LLC vs program requirement that ownership must be vested as an individual (in the borrower's name) for a primary residence. One open mortgage reporting 0x30 since inception in [redacted].  Two closed mortgages showing paid as agreed.  Borrower credit history shows paid as agreed since last 60-day late payment in [redacted].  No public records.

Borrower has been self-employed as [redacted] for the past 18 years.

Reserves are [redacted] months ($[redacted]), 44 months > program requirement of 8 months.

Credit score is [redacted], 54 points > program requirement of 700.

LTV is [redacted]%, [redacted]% < program maximum of 85%.		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-05-31): [redacted] has elected to waive this exception based on compensating factors.
     05/20/2019 2 B   NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127652 XXX XXX   23237054     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Qual Method differs from ATR, DTI is not Understated Ability to Repay (Dodd-Frank 2014): The Qualification Method used by the lender does not match the ATR payment calculation methods under 1026.43(c)(5), but the method did not render a DTI that is less than that prescribed under ATR. Per guides use greater of Base rate or note = 5.97 + .875 = 6.845 for IO amortized over term lender used 6.671.       Reviewer Comment (2019-05-31): Corrected qualifying rate.
 05/21/2019     1 A   NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127652 XXX XXX   23237055     Credit Credit Miscellaneous Guideline Credit Exception:   Missing the ComplianceEase or Mavent as required per the guides.       Reviewer Comment (2019-05-31): Mavent provided.


Reviewer Comment (2019-05-31): ComplianceEase or Mavent not provided in trailing docs.


Buyer Comment (2019-05-31): Mavent Report uploaded for review.
 05/21/2019     1 A   NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127652 XXX XXX   23237056     Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Qualifying interest rate discrepancy.   Per guides use greater of Base rate or note = 5.97 + .875 = 6.845 for IO amortized over term lender used 6.671.       Reviewer Comment (2019-05-31): Corrected guideline section.
 05/21/2019     1 A   NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127652 XXX XXX   23237057     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Due to higher base rate used for qualifying of[redacted]% with P&I of $[redacted]       Reviewer Comment (2019-05-31): Corrected qualifying rate.


Reviewer Comment (2019-05-31): Provide interest rate calculation worksheet for qualifying rate.
 05/21/2019     1 A   NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127652 XXX XXX   23237058     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Due to higher base rate used for qualifying of[redacted]% with P&I of $[redacted]       Reviewer Comment (2019-05-31): Corrected qualifying rate.


Reviewer Comment (2019-05-31): Provide interest rate calculation worksheet for qualifying rate.
 05/21/2019     1 A   NY Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C B C B C B A A Non QM Non QM No
216127652 XXX XXX   23237059     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor DTI moderately exceeds Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines of [redacted]% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) Due to higher base rate used for qualifying of[redacted]% with P&I of $[redacted]       Reviewer Comment (2019-05-31): Corrected qualifying rate.


Reviewer Comment (2019-05-31): Provide interest rate calculation worksheet for qualifying rate.
 05/21/2019     1 A   NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127652 XXX XXX   23237060     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. Due to higher base rate used for qualifying of[redacted]% with P&I of $[redacted]       Reviewer Comment (2019-05-31): Corrected qualifying rate.


Reviewer Comment (2019-05-31): Provide interest rate calculation worksheet for qualifying rate.
 05/21/2019     1 A   NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127652 XXX XXX   23237061     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Qual Method differs from ATR result is Understated DTI Ability to Repay (Dodd-Frank 2014): The Qualification Method used by the lender does not adhere with ATR payment calculation methods under 1026.43(c)(5), the method rendered a DTI less than that prescribed under ATR.         Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.


Reviewer Comment (2019-05-31): Updated qualifying rate, however unable to clear EV-2.


Buyer Comment (2019-05-31): Uploaded Qualifying Calculation which is calculated per regulatory requirements, please review.
     05/22/2019 2 B   NY Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127653 XXX XXX   23237063     Credit Credit Miscellaneous Guideline Credit Exception:   Lender acknowledged exception to allow closing in the name of an LLC on a second home vs. program restriction that closing in an LLC or any other business entity may only be for business purpose/investment property loans. Perfect mortgage history with never a late payment, spanning 7 mortgage accounts, going back to earliest mortgage account inception date of [redacted]. No non-mortgage credit late payments in the past 62 months (since [redacted]) and only 1x30 on two different credit cards (making total of 2x30) on entire credit report going back to earliest non-mortgage account inception date of [redacted]

Long established condo, control of the HOA transferred to unit owners in [redacted]. No pending litigation in the project. All unit owners are current on the homeowner association dues.

Borrower has been self-employed as a [redacted] for the past 9 years and has been in the same line of work for the 21 years.

[redacted] months of reserves ($[redacted]), [redacted] months > program requirement of 3 months

Credit score is [redacted], 47 points > program requirement of 660.  No public records		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-05-31): [redacted] has elected to waive this exception based on compensating factors.
     05/20/2019 2 B   NY Second Home Purchase   C B C B A A A A Non QM Non QM No
216127653 XXX XXX   23237064     Credit Credit Miscellaneous Guideline Credit Exception:   Lender acknowledged exception to allow approval of Condo Project without required reserves. Perfect mortgage history with never a late payment, spanning 7 mortgage accounts, going back to earliest mortgage account inception date of [redacted]. No non-mortgage credit late payments in the past 62 months (since [redacted]) and only 1x30 on two different credit cards (making total of 2x30) on entire credit report going back to earliest non-mortgage account inception date of [redacted]

Long established condo, control of the HOA transferred to unit owners in [redacted]. No pending litigation in the project. All unit owners are current on the homeowner association dues.

Borrower has been self-employed as a [redacted] for the past 9 years and has been in the same line of work for the 21 years.

[redacted] months of reserves ($[redacted]), [redacted] months > program requirement of 3 months

Credit score is [redacted], 47 points > program requirement of 660.  No public records		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-05-31): [redacted] has elected to waive this exception based on compensating factors.
     05/20/2019 2 B   NY Second Home Purchase   C B C B A A A A Non QM Non QM No
216127653 XXX XXX   23237065     Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided   Missing coborrower's proof of Non US Citizenship.       Reviewer Comment (2019-05-31): Perm res card provided.
 05/22/2019     1 A   NY Second Home Purchase   C B C B A A A A Non QM Non QM No
216127653 XXX XXX   23237066     Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003 Error: Citizenship Source Documentation  was not provided -         Reviewer Comment (2019-05-31): Perm res card provided.
 05/22/2019     1 A   NY Second Home Purchase   C B C B A A A A Non QM Non QM No
216127653 XXX XXX   23237067     Credit 1003 Document Error 1003 Borrower(s) is not a U.S. Citizen, and the guideline required documentation was not provided. - Missing proof of co-borrower's Non US Citizenship.       Reviewer Comment (2019-05-31): Perm res card provided.
 05/22/2019     1 A   NY Second Home Purchase   C B C B A A A A Non QM Non QM No
216127654 XXX XXX   23237068     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.03860% or Final Disclosure APR of 8.07800% is in excess of allowable threshold of APOR 4.66% + 1.5%, or 6.16000%.  Compliant Higher Priced Mortgage Loan. APR on subject loan of[redacted]% or Final Disclosure APR of[redacted]% is in excess of allowable threshold of APOR[redacted]% + 1.5%, or[redacted]%. Compliant Higher Priced Mortgage Loan.       Reviewer Comment (2019-05-31): [redacted] mortgage purchases HPML compliant loans.
     05/21/2019 1 A   TX Primary Purchase   C B C B B B A A Non QM Non QM No
216127654 XXX XXX   23237069     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     05/22/2019 2 B   TX Primary Purchase   C B C B B B A A Non QM Non QM No
216127654 XXX XXX   23237071     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___ Allow business funds transferred to borrower without CPA letter vs program requirement to obtain a CPA letter confirming no negative when business funds will be transferred to the borrower for down payment and or closing costs. All tradelines paid as agreed with one 30 day installment late [redacted]

Borrower has employment stability for 16 years in the [redacted]

Credit score [redacted], 25 points higher minimum criteria of 680

DTI is [redacted]%,[redacted]% , program maximum of 43%.		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-05-31): [redacted] has elected to waive this exception based on compensating factors.
     05/21/2019 2 B   TX Primary Purchase   C B C B B B A A Non QM Non QM No
216127654 XXX XXX   23237073     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower.         Buyer Comment (2019-05-31): [redacted] has elected to waive this exception.
     05/22/2019 2 B   TX Primary Purchase   C B C B B B A A Non QM Non QM No
216127656 XXX XXX   23237085     Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003   Lenders 1003 was not provided, used an alternate source to establish application date       Reviewer Comment (2019-06-03): Waive per client.
     01/23/2019 2 B   CA Investment Purchase   C B C A B B A A N/A N/A No
216127656 XXX XXX   23237086     Credit Insurance Insurance Documentation Insurance Hazard Insurance Error: Subject hazard insurance premium is missing from evidence of insurance.   HOI binder does not indicated annual premium.       Reviewer Comment (2019-06-03): Rec'd hazard insurance premium.
 05/20/2019     1 A   CA Investment Purchase   C B C A B B A A N/A N/A No
216127656 XXX XXX   23237092     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided   Approval was not provided with loan documents.       Reviewer Comment (2019-06-03): Rec'd loan approval.


Buyer Comment (2019-06-03): insurance with  premium amount
 05/20/2019     1 A   CA Investment Purchase   C B C A B B A A N/A N/A No
216127658 XXX XXX   23237102     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Federal LO Compensation disclosure was not provided for review in loan file.       Buyer Comment (2019-06-03): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
     12/07/2018 2 B   CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
216127658 XXX XXX   23237103     Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [redacted], prior to three (3) business days from transaction date of [redacted] Final CD was provided on [redacted] with a closing date of [redacted], documents were executed  on [redacted]. Final CD reflects disbursement date 0[redacted].       Reviewer Comment (2019-06-03): Final settlement statement shows loan disbursed on [redacted]


Buyer Comment (2019-06-03): loan disbursed [redacted]


Reviewer Comment (2019-06-03): Disbursement date should be [redacted]
 03/06/2019     1 A   CA Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B C A C B A A Non QM Non QM No
216127658 XXX XXX   23237105     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Guidelines require 6 months reserves, Borrowers calculated are [redacted] months.       Reviewer Comment (2019-06-03): cash out is acceptable for reserves


Buyer Comment (2019-06-03): The cash out is being used for reserves
 03/01/2019     1 A   CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
216127658 XXX XXX   23237106     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption. ([redacted]) The Note allows for assumption, however the Closing Disclosure indicates the loan is not assumable.       Buyer Comment (2019-06-03): This was a system glitch and has now been fixed
     12/07/2018 2 B   CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
216127658 XXX XXX   23237107     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [redacted] disclosed a Closing Date that did not match the actual date of consummation. ([redacted]) CD has Closing Date as [redacted]. But Mortgage notarized [redacted] and CD signed [redacted].       Reviewer Comment (2019-06-03): Waive per client.
     01/18/2019 2 B   CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
216127663 XXX XXX   23237153     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.           Reviewer Comment (2019-06-03): Rec'd PDI dated [redacted]  No damage.
 12/06/2018     1 A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127663 XXX XXX   23237155     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. (8304) Fee disclosed as $[redacted] on LE, but disclosed as $[redacted] on Final Closing Disclosure.       Reviewer Comment (2019-06-03): [redacted] received required documents, exception cleared.


Buyer Comment (2019-06-03): The sales price was increased causing the loan amount to also increase and ultimately the transfer tax increase since it's a percentage based on the value (which also increased from sales price). Based on [redacted] this is an acceptable increase
 12/06/2018     1 A   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127663 XXX XXX   23237156     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. (7506) Fee disclosed as $[redacted] on LE, but disclosed as $[redacted] on Final Closing Disclosure.       Reviewer Comment (2019-06-03): [redacted] received required documents, exception cleared.
 12/06/2018     1 A   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127663 XXX XXX   23237157     Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus 10% or $[redacted].  Insufficient or no cure was provided to the borrower. (0) $[redacted] violation due to increase in recording fees.  No evidence of cure.       Reviewer Comment (2019-06-03): [redacted] received required documents, exception cleared.
 12/06/2018     1 A   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127663 XXX XXX   23237159     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. ([redacted]) Closing costs overage was not disclosed.       Reviewer Comment (2019-06-03): [redacted] received required documents, exception cleared.
 12/06/2018     1 A   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127663 XXX XXX   23237160     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [redacted] disclosed a Closing Date that did not match the actual date of consummation. ([redacted]) The final Closing Disclosure reflects a Closing Date of [redacted], however, the transaction consummation (mortgage notary) date was [redacted].       Buyer Comment (2019-06-03): California closing documents are not date sensitive therefore it's ok if the borrower doesn't sign the date they're generated.
     12/06/2018 2 B   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127663 XXX XXX   23237161     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation disclosure is missing.       Buyer Comment (2019-06-03): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
     12/06/2018 2 B   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127663 XXX XXX   23237162     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Qualification Method not Matching ATR Ability to Repay (Dodd-Frank 2014): The Qualification Method used by the lender does not match the ATR payment calculation methods under 1026.43(c)(5).         Buyer Comment (2019-06-03): It's our underwriters practice to qualify at the fully indexed rate or note rate whichever is higher and the note it on the income calculation worksheet and 1008
     12/06/2018 2 B   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127663 XXX XXX   23237163     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Loan Designation set per Investor Deal instructions.       Reviewer Comment (2019-06-03): Cleared with compliance re-run.  [redacted] YTD P&L in file.


Reviewer Comment (2019-06-03): Updated commentary:  Missing [redacted] tax transcripts, signed 1040's  or audited YTD P&L.


Buyer Comment (2019-06-03): This is Non-QM as it doesn't meet the appendix Q income documentation requirements which is why we designated it non-QM
 12/07/2018     1 A   CA Primary Purchase Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM No
216127663 XXX XXX   23237164     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Schedule C Ability to Repay (Dodd-Frank 2014): Unable to verify Sole Proprietorship income using reasonably reliable third-party records. ([redacted]) Invalid exception.  Schedule C income is negative.  Verification not required.       Reviewer Comment (2019-06-03): Cleared with compliance re-run.  [redacted] YTD P&L in file.


Reviewer Comment (2019-06-03): Updated commentary:  Missing [redacted] tax transcripts, signed 1040's  or audited YTD P&L.
 12/07/2018     1 A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127663 XXX XXX   23237165     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Invalid exception.  Schedule C income is negative.  Verification not required.       Reviewer Comment (2019-06-03): Cleared with compliance re-run.  [redacted] YTD P&L in file.


Reviewer Comment (2019-06-03): Updated commentary:  Missing [redacted] tax transcripts, signed 1040's  or audited YTD P&L.
 12/07/2018     1 A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127663 XXX XXX   23237166     Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. Financial Institution: [redacted] / End Date: [redacted] // Account Type: [redacted] / Account Number: [redacted] Two months bank statements required per guidelines.  Only 1 month for the [redacted] account ending [redacted] was provided. 13 months reserves > 6 months guideline minimum

Borrower has a disposable income of [redacted]		   Originator

Originator		 Reviewer Comment (2019-06-03): Rec'd exception for missing an additional bank statement.  Only [redacted]days verified.


Reviewer Comment (2019-06-03): [redacted] are > 120 days and not usable.  Please provide [redacted]


Buyer Comment (2019-06-03): [redacted] months consecutive statements provided for [redacted] and [redacted] statement was provided to show the balance after the earnest money cleared
     05/28/2019 2 B   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127663 XXX XXX   23237167     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		         Reviewer Comment (2019-06-03): Rec'd PDI dated [redacted].  No damage.
 05/28/2019     1 A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127665 XXX XXX   23237169     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation AVM used as supporting valuation. Valuation Type: AVM / Valuation Report Date: [redacted]         Reviewer Comment (2019-06-03): Okay to waive per client.
     04/26/2019 2 C   CA Primary Refinance - Cash-out - Other   C C C B C B C C Non QM Non QM No
216127665 XXX XXX   23237170     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (1st Lien, Escrow Not Established) Federal Higher-Priced Mortgage Loan (2013): Mandatory escrow account not established on 1st lien mortgage loan. Mandatory escrow account not established on 1st lien mortgage loan.       Reviewer Comment (2019-06-03): Loan is not HPML.


Buyer Comment (2019-06-03): File is jumbo and not HPML.  see hpml calculation attached.
 05/20/2019     1 A   CA Primary Refinance - Cash-out - Other   C C C B C B C C Non QM Non QM No
216127665 XXX XXX   23237171     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.34320% or Final Disclosure APR of 6.37000% is in excess of allowable threshold of APOR 4.85% + 1.5%, or 6.35000%.  Non-Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-06-03): Loan is not HPML.


Buyer Comment (2019-06-03): jumbo, not hpml
 05/20/2019     1 A   CA Primary Refinance - Cash-out - Other   C C C B C B C C Non QM Non QM No
216127665 XXX XXX   23237172     Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provded.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. Rate lock date was not provided.       Reviewer Comment (2019-06-03): Waive per client.
     01/23/2019 2 B   CA Primary Refinance - Cash-out - Other   C C C B C B C C Non QM Non QM No
216127665 XXX XXX   23237173     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation disclosure was not provided.       Reviewer Comment (2019-06-03): Attestation approved by [redacted] in file.
 01/23/2019     1 A   CA Primary Refinance - Cash-out - Other   C C C B C B C C Non QM Non QM No
216127665 XXX XXX   23237174     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Loan Designation set per Investor Deal instructions.       Reviewer Comment (2019-06-03): Underlying doc exceptions have been cleared, diligence designation is Non-QM


Reviewer Comment (2019-06-03): Ok to waive per client.
 06/03/2019     1 A   CA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status C C C B C B C C Non QM Non QM No
216127665 XXX XXX   23237175     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. General ability to repay requirements not satisfied.       Reviewer Comment (2019-06-03): sufficient documentation provided.
 05/09/2019     1 A   CA Primary Refinance - Cash-out - Other   C C C B C B C C Non QM Non QM No
216127665 XXX XXX   23237176     Compliance Compliance State Compliance State HPML (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) [redacted] Higher-Priced Loan: APR on subject loan of 6.34320% or Final Disclosure APR of 6.37000% is in excess of allowable threshold of APOR 4.85% + 1.5%, or 6.35000%.  Compliant Higher Priced Loan.         Reviewer Comment (2019-06-03): Loan is not HPML.
 05/20/2019     1 A   CA Primary Refinance - Cash-out - Other Based on the loan being a compliant California HPML, with no violations of prohibited practices, borrower choice letter is not required for cure given there are no further actions to be taken to make the loan compliant.  Loan may be cured so the loan is no longer an HPML as follows:

Within 90 days of closing: (1) notify borrower; (2) copy of refund check for overage so the loan is no longer HPML; and (3) proof of delivery.

(Narrow Defense - CHD Approval Required):  Within 120 days of discovery or receipt of complaint, which compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintanence of procedures reasonably adapted to avoid such errors, the creditor provides: (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how higher-priced loan was made despite procredures to prevent); and (ii) the lender has not received any notice from borrower of the failure; (2) notification to borrower; (3) copy of refund check for overage so the loan is no longer HPML; and (4) proof of delivery.		 C C C B C B C C Non QM Non QM No
216127665 XXX XXX   23237177     Credit Data Verification General Data Verification The Investor's qualifying total debt ratio is less than the Non-QM qualifying total debt ratio.   The Non QM qualifying method in Clarity is calculated per ATR rules for I/O loan.       Reviewer Comment (2019-06-03): Okay to waive per client.
     04/26/2019 2 B   CA Primary Refinance - Cash-out - Other   C C C B C B C C Non QM Non QM No
216127665 XXX XXX   23237178     Credit Data Verification General Data Verification The Investor's qualifying total debt ratio is less than the Non-QM qualifying total debt ratio.   Non QM is qualifying based on the remaining term following the I/O period.       Reviewer Comment (2019-06-03): Okay to waive per client.
     04/26/2019 2 B   CA Primary Refinance - Cash-out - Other   C C C B C B C C Non QM Non QM No
216127665 XXX XXX   23237179     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Lender total income is not supported by documentation provided. [redacted] representative FICO score > 680 guideline minimum

Borrower has job stability for 13 years.		   Originator

Originator		 Reviewer Comment (2019-06-03): Rec'd exception for DTI exceeds guidelines.


Buyer Comment (2019-06-03): exception approval attached


Reviewer Comment (2019-06-03): The loan was not qualified using the correct method for an I/O loan:  Fully amortized payment at the greater of the fully indexed or the note rate, to repay the loan over the remaining term after the I/O period
     05/20/2019 2 B   CA Primary Refinance - Cash-out - Other   C C C B C B C C Non QM Non QM No
216127665 XXX XXX   23237180     Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Investor qualifying housing ratio discrepancy. Calculated investor qualifying housing ratio of ___ exceeds Guideline housing ratio of ___. Lender income is not supported by documentation provided. [redacted] representative FICO score > 680 guideline minimum

Borrower has job stability for 13 years.		   Originator

Originator		 Reviewer Comment (2019-06-03): Rec'd exception for DTI exceeds guidelines.


Buyer Comment (2019-06-03): exception approval attached


Reviewer Comment (2019-06-03): The loan was not qualified using the correct method for an I/O loan:  Fully amortized payment at the greater of the fully indexed or the note rate, to repay the loan over the remaining term after the I/O period
     05/20/2019 2 B   CA Primary Refinance - Cash-out - Other   C C C B C B C C Non QM Non QM No
216127665 XXX XXX   23237181     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Asset Depletion Income Ability to Repay (Dodd-Frank 2014): Unable to verify Asset Depletion income using reasonably reliable third-party records. ([redacted]) Sufficient documentation provided for Asset Depletion.       Reviewer Comment (2019-06-03): sufficient documentation provided
 05/09/2019     1 A   CA Primary Refinance - Cash-out - Other   C C C B C B C C Non QM Non QM No
216127665 XXX XXX   23237182     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. DTI exceeds maximum allowable 50%       Reviewer Comment (2019-06-03): Rec'd exception for DTI > [redacted]%.


Buyer Comment (2019-06-03): exception approval attached


Reviewer Comment (2019-06-03): The loan was not qualified using the correct method for an I/O loan:  Fully amortized payment at the greater of the fully indexed or the note rate, to repay the loan over the remaining term after the I/O period
 05/20/2019     1 A   CA Primary Refinance - Cash-out - Other   C C C B C B C C Non QM Non QM No
216127665 XXX XXX   23237183     Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted]% moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) Income is not supported by documentation provided. [redacted] representative FICO score > 680 guideline minimum

Borrower has job stability for 13 years.		   Originator

Originator		 Reviewer Comment (2019-06-03): Rec'd exception for DTI exceeds guidelines.


Buyer Comment (2019-06-03): exception approval attached


Reviewer Comment (2019-06-03): The loan was not qualified using the correct method for an I/O loan:  Fully amortized payment at the greater of the fully indexed or the note rate, to repay the loan over the remaining term after the I/O period
     05/20/2019 2 B   CA Primary Refinance - Cash-out - Other   C C C B C B C C Non QM Non QM No
216127665 XXX XXX   23237184     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.         Reviewer Comment (2019-06-03): Rec'd exception.
 05/20/2019     1 A   CA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C C C B C B C C Non QM Non QM No
216127665 XXX XXX   23237185     Compliance Compliance Federal Compliance ATR/QM Defect QM Originator Loan Designation Info Not Provided Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation not provided. Bid tape blank       Reviewer Comment (2019-06-03): Non QM
 05/20/2019     1 A   CA Primary Refinance - Cash-out - Other   C C C B C B C C Non QM Non QM No
216127667 XXX XXX   23237205     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided           Reviewer Comment (2019-06-03): document provided
 03/20/2019     1 A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
216127667 XXX XXX   23237207     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. The LO Compensation disclosure was not found in the file.       Reviewer Comment (2019-06-03): Attestation approved by [redacted] in file.
 01/23/2019     1 A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
216127667 XXX XXX   23237208     Credit Credit Credit Documentation Credit No evidence of fraud report in file Credit Report: Original // Borrower: [redacted]         Reviewer Comment (2019-06-03): document provided
 03/20/2019     1 A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
216127667 XXX XXX   23237209     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - Anti-Steering:  No Safe Harbor based on non-compliant Anti-Steering Disclosure Loan Originator Compensation: Anti-Steering - No Safe Harbor based on non-compliant Anti-Steering Disclosure. The disclosure did not provide alternative loan products available to the Borrower.       Buyer Comment (2019-06-03): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
     03/18/2019 2 A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
216127667 XXX XXX   23237210     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption. ([redacted]) The Note indicates the loan as assumable, however the Final CD issued [redacted] reflects the loan was not assumable.       Reviewer Comment (2019-06-03): Waive per client.
     01/23/2019 2 B   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM No
216127667 XXX XXX   23237212     Credit Credit Miscellaneous Guideline Credit Exception:   12 months business bank statements < 24 required per guidelines.       Reviewer Comment (2019-06-03): [redacted] month business bank statements acceptable


Buyer Comment (2019-06-03): we have a [redacted] month business bank statement program so there is no exception needed
 03/20/2019     1 A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
216127667 XXX XXX   23237213     Credit Credit Credit Eligibility Credit Credit Report Error: Housing history rating was not provided.   Missing evidence of housing history 1 x 30 x 12.  Guidelines do not address borrowers who have been living rent-free.       Reviewer Comment (2019-06-03): documentation provided


Buyer Comment (2019-06-03): there is an LOE in the file that addresses the borrower living rent free
 03/22/2019     1 A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
216127667 XXX XXX   23237214     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: Borrower: [redacted] Self-employed borrower.  Missing independent verification of the business verified through a disinterested third party (CPA, regulatory agency, licensing bureau or verification of a phone and address listing using the internet) within 10 calendar days of closing.       Reviewer Comment (2019-06-03): Document provided
 03/20/2019     1 A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
216127667 XXX XXX   23237215     Credit Missing Document General Missing Document Incomplete Document: 1003 Final is incomplete   The Declarations section on both 1003s was not completed.       Reviewer Comment (2019-06-03): document provided
 03/20/2019     1 A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
216127668 XXX XXX   23237216     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided   Missing       Reviewer Comment (2019-06-03): Rec'd approval.
 05/08/2019     1 A   CA Investment Purchase   C B C B B B A A N/A N/A No
216127668 XXX XXX   23237217     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Missing lender exception to [redacted]%. [redacted]% LTV < 80% guideline max

[redacted] months reserves		   Originator

Originator		 Reviewer Comment (2019-06-03): Rec'd exception for DTI > [redacted]%.


Buyer Comment (2019-06-03): approval
     05/14/2019 2 B   CA Investment Purchase   C B C B B B A A N/A N/A No
216127668 XXX XXX   23237219     Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003   Missing initial, signed 1003s for all borrowers except [redacted]       Reviewer Comment (2019-06-03): Waive per client.
     01/23/2019 2 B   CA Investment Purchase   C B C B B B A A N/A N/A No
216127668 XXX XXX   23237220     Credit Credit Miscellaneous Guideline Credit Exception:   Missing evidence of rate lock.       Reviewer Comment (2019-06-03): Rec'd rate lock.


Buyer Comment (2019-06-03): approval
 05/14/2019     1 A   CA Investment Purchase   C B C B B B A A N/A N/A No
216127668 XXX XXX   23237221     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: Borrower: [redacted] Missing third party verification of employment dated within 10 calendar days prior to closing.       Reviewer Comment (2019-06-03): Rec'd internet printout of business dated [redacted]
 05/24/2019     1 A   CA Investment Purchase   C B C B B B A A N/A N/A No
216127668 XXX XXX   23237222     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: Borrower: [redacted] Missing third party verification of employment dated within 10 calendar days prior to closing.       Reviewer Comment (2019-06-03): Rec'd printout from business website dated [redacted] . detailing co-borrower's employment.


Buyer Comment (2019-06-03): please see verification attached showing [redacted]  verification


Reviewer Comment (2019-06-03): Rec'd internet printout of business.  Borrower is not self-employed.  Need VVOE within 10 calendar days of closing.
 05/30/2019     1 A   CA Investment Purchase   C B C B B B A A N/A N/A No
216127668 XXX XXX   23237223     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: Borrower: [redacted] Self-employed borrower.  Missing independent verification of the business verified through a disinterested third party (CPA, regulatory agency, licensing bureau or verification of a phone and address listing using the internet) within 10 calendar days of closing.       Reviewer Comment (2019-06-03): Rec'd internet printout of business dated [redacted]
 05/24/2019     1 A   CA Investment Purchase   C B C B B B A A N/A N/A No
216127669 XXX XXX   23237224     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided           Reviewer Comment (2019-06-03): Received lender's approval.
 05/02/2019     1 A   CA Primary Purchase   C B C B C B C A Non QM Non QM No
216127669 XXX XXX   23237227     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Disclosure not evidenced in loan file.       Reviewer Comment (2019-06-03): Attestation approved by [redacted] in file.
 01/16/2019     1 A   CA Primary Purchase   C B C B C B C A Non QM Non QM No
216127669 XXX XXX   23237228     Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.           Reviewer Comment (2019-06-03): Received Desk Review.
 05/02/2019     1 A   CA Primary Purchase   C B C B C B C A Non QM Non QM No
216127669 XXX XXX   23237231     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. ([redacted]) Final CD does not reflect an amount by which the total closing costs exceeded the legal limit.  Should reflect $175 for increase in appraisal fee without valid change of circumstance.       Reviewer Comment (2019-06-03): Waive per client.
     01/22/2019 2 B   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B C A Non QM Non QM No
216127669 XXX XXX   23237232     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. (7506) Fee increase without valid change of circumstance.  Change of circumstance provided does not provide reason for increase.  No cure provided to borrower.       Reviewer Comment (2019-06-27): Cured after the [redacted] day window expired. Client waives as EV3/C


Reviewer Comment (2019-06-20): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided.  The cure timeline has not been met, the status of the exception will be adjusted to Open-Unable to Clear.


Reviewer Comment (2019-06-04): [redacted] reviewed exception. The appraisal was completed [redacted]indicating it was a condo which is over 3 days prior to disclosure. Please provide corrected CD, LOE, Refund Check, and Proof of Delivery to cure. This is an EV3/C exception, entering a waiver will not improve the grade.


Buyer Comment (2019-06-03): coc was provided to borrower and appraisal change was due to complexity


Reviewer Comment (2019-06-03): [redacted] reviewed exception. The appraisal was completed [redacted] indicating it was a condo which is over 3 days prior to disclosure. Please provide corrected CD, LOE, Refund Check, and Proof of Delivery to cure.


Buyer Comment (2019-06-03): doc request with appraisal invoice provided on [redacted] - COC was provided to the borrower within tolerance - change was due to complexity of assignment - original order was placed as a SFR but is a condo
     06/27/2019 2 B   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B C A Non QM Non QM No
216127669 XXX XXX   23237233     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Borrower sold previous primary located at [redacted]on [redacted].  Settlement statement reflects $[redacted] payoff to [redacted], however no mortgage rating is evidenced in loan file. [redacted] mos. reserves

[redacted]% LTV		   Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-03): Rec'd exception waiving prior VOM


Reviewer Comment (2019-06-03): Rec'd rent-free letter.  Missing prior mortgage history from [redacted] paid in full in [redacted]  Not reporting on credit.
     05/08/2019 2 B   CA Primary Purchase   C B C B C B C A Non QM Non QM No
216127669 XXX XXX   23237234     Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003 Error: Marital Status was not provided Borrower: [redacted] Missing 1003 that reflects borrower's marital status.  Security instrument reflects married man, however settlement statement from sale of [redacted] reflects borrower received half the proceeds and [redacted] received half the proceeds, which could indicate borrower is separated.  Additional conditions may apply upon further review.       Buyer Comment (2019-06-03): good FICO, low LTV [redacted], good reserves and credit references


Buyer Comment (2019-06-03): good credit, low LTV of [redacted], verified reserves and good DTI
     05/07/2019 2 B   CA Primary Purchase   C B C B C B C A Non QM Non QM No
216127670 XXX XXX   23237235     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided           Reviewer Comment (2019-06-03): Received lender's approval.


Buyer Comment (2019-06-03): Approval attached
 04/26/2019     1 A   CA Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
216127670 XXX XXX   23237237     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. not in file       Reviewer Comment (2019-06-03): Attestation approved by [redacted] in file.
 01/23/2019     1 A   CA Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
216127670 XXX XXX   23237238     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of $[redacted] on Final Closing Disclosure provided on [redacted] not accurate. ([redacted]) The Final Closing Disclosure reflects $[redacted] in non-escrowed property costs over 1 year, which is the annual premium for the flood insurance; however, the flood insurance was escrowed so this amount should not be listed as non-escrowed property costs.       Reviewer Comment (2019-06-27): Cured after the [redacted] day window expired. Client waives as EV3/C


Reviewer Comment (2019-06-03): [redacted] received PCCD correcting non escrowed property costs and LOE however the 60 day window to cure from discovery date [redacted]  has passed. Unable to cure
     06/27/2019 2 B   CA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
216127670 XXX XXX   23237239     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:Secondary/[redacted]) Borrower's email receipt is dated [redacted].       Reviewer Comment (2019-06-03): Waive per client.
     01/23/2019 2 B   CA Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
216127670 XXX XXX   23237240     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:Primary/[redacted]) Borrower's email receipt is dated [redacted].       Reviewer Comment (2019-06-03): Waive per client.
     01/23/2019 2 B   CA Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
216127670 XXX XXX   23237241     Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provded.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. Missing evidence of rate lock.       Reviewer Comment (2019-06-03): Waive per client.
     01/23/2019 2 B   CA Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
216127670 XXX XXX   23237242     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption. ([redacted]) The final CD discloses the loan is not assumable, the note contains assumption language.       Reviewer Comment (2019-06-03): Waive per client.
     01/23/2019 2 B   CA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
216127672 XXX XXX   23237272     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided           Reviewer Comment (2019-06-03): Approval provided.
 04/03/2019     1 A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
216127672 XXX XXX   23237275     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-06-03): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
     04/02/2019 2 B   CA Primary Purchase   C B C A B B A A Non QM Non QM No
216127672 XXX XXX   23237276     Credit Credit Miscellaneous Guideline Credit Exception:   Missing pages 3 of 4 and 4 of 4 for [redacted] statement for account [redacted], period [redacted]       Reviewer Comment (2019-06-03): Acceptable.


Buyer Comment (2019-06-03): pages 3 and 4 not required since it's evidence on page 1 that the only activity was interest and index credits
 04/03/2019     1 A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
216127672 XXX XXX   23237277     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption. ([redacted]) The Note allows for assumption, however the Closing Disclosure indicates the loan is not assumable.       Buyer Comment (2019-06-03): This was a system glitch and has now been fixed
     04/02/2019 2 B   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A B B A A Non QM Non QM No
216127672 XXX XXX   23237279     Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. Financial Institution: [redacted] / End Date: [redacted] // Account Type: [redacted] / Account Number: [redacted]         Reviewer Comment (2019-06-03): Acceptable.


Buyer Comment (2019-06-03): this IRA is based on a certificate that matures [redacted]  so only 1 month is required
 04/03/2019     1 A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
216127674 XXX XXX   23237287     Compliance Compliance Federal Compliance TRID TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [redacted] received on or after the date the Closing Disclosure [redacted] 12:00:00 AM was received. ([redacted]) Revised LE issued on [redacted] was not executed by borrower and is therefore presumed received on [redacted], which is after the Initial CD was issued on [redacted].       Buyer Comment (2019-06-03): borrower viewed the LE on [redacted]  therefore delivery is documented prior to the CD going out
     05/23/2019 2 B   CA Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
216127674 XXX XXX   23237288     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption. ([redacted]) Loan is ARM with interest only; Note contains assumption verbiage but CD marked not allowed when no other disclosure to offset verbiage       Reviewer Comment (2019-06-03): Okay to waive per client.
     04/26/2019 2 B   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
216127674 XXX XXX   23237289     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 (4) business days prior to closing. ([redacted]) Revised LE issued on [redacted] was not executed by borrower and is therefore presumed received on [redacted], which was not at least four business days prior to closing.       Reviewer Comment (2019-06-03): Disclosure tracking details provided


Buyer Comment (2019-06-03): this was in the file the borrower viewed it on [redacted]  therefore confirmation of delivery is there *** please clear ***
 05/24/2019     1 A   CA Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
216127674 XXX XXX   23237290     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. ([redacted]) Final CD, Section F, Line 1 reflects 12 months homeowner's insurance of $[redacted].  Hazard policy reflects $[redacted], which the per month calculation in Section G is based on.       Reviewer Comment (2019-06-03): Okay to waive per client.
     04/26/2019 2 B   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
216127679 XXX XXX   23237325     Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [redacted], prior to three (3) business days from transaction date of [redacted] Subject loan transaction disbursed on [redacted], prior to three (3) business days from transaction date of [redacted].       Reviewer Comment (2019-06-03): Rec'd final CD and LOE to the borrower.


Reviewer Comment (2019-06-03): Rec'd settlement statement.  Need final PC CD reflecting correct disbursement date, and LOE to the borrower.


Buyer Comment (2019-06-03): loan disbursed on [redacted]
   05/29/2019   2 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 Non QM Non QM No
216127679 XXX XXX   23237326     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [redacted] disclosed a Closing Date that did not match the actual date of consummation. Final Closing Disclosure provided on [redacted] disclosed a Closing Date that did not match the actual date of consummation of [redacted]       Reviewer Comment (2019-06-03): Rec'd final CD and LOE to the borrower.
   05/29/2019   1 A   CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
216127679 XXX XXX   23237327     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard insurance amount of $[redacted] is not enough to cover the loan amount of $[redacted] or appraisal replacement cost of $[redacted]. Policy reflects Replacement Cost Plus but does not verify the dollar amount or percentage of the extended coverage. A revised policy with minimum coverage of $[redacted], or the insurance company replacement cost estimator is required to clear this exception.       Reviewer Comment (2019-06-03): Dec page reflects replacement cost of $[redacted].


Reviewer Comment (2019-06-03): Coverage is insufficient and file is missing replacement cost estimator.   In elevated review to determine if replacement cost verbiage on dec page is sufficient.


Buyer Comment (2019-06-03): The dec page lists the replacement cost as $[redacted] so dwelling coverage at that same amount is acceptable.
 05/29/2019     1 A   CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
216127679 XXX XXX   23237328     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption. Note shows assumable however CD says it is not.       Buyer Comment (2019-06-03): This was a system glitch and has now been fixed


Buyer Comment (2019-06-03): needs to be waived. This was a system glitch and has now been fixed
     05/20/2019 2 B   CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
216127689 XXX XXX   23237381     Credit Credit Miscellaneous Guideline Credit Exception:   Lender acknowledged exception to allow Borrower's company, [redacted] as  Business has been in existence since [redacted] (17 months) vs. program requirement that borrower must have been continually self-employed for two years. [redacted]% DTI on this Alt documentation loan < 43% guideline max - [redacted]% below program guideline maximum

Borrower is in the same line of work for the past 9 years.

Reserves are [redacted] months, 4.8 months > program requirement of 3 months

Credit score is [redacted], 50 points > program requirement of 680		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-07): [redacted] has elected to waive this exception based on compensating factors.
     05/29/2019 2 B   FL Primary Purchase   C B C B C B A A Non QM Non QM No
216127689 XXX XXX   23237383     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. The copy of the appraisal was provided after the effective date of the appraisal but prior to the report date.       Reviewer Comment (2019-06-07): Effective date is [redacted]
 05/30/2019     1 A   FL Primary Purchase   C B C B C B A A Non QM Non QM No
216127689 XXX XXX   23237384     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.35050% or Final Disclosure APR of 7.37200% is in excess of allowable threshold of APOR 4.14% + 2.5%, or 6.64000%.  Non-Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-06-07): Corrected purchase contract date in [redacted]
 05/30/2019     1 A   FL Primary Purchase   C B C B C B A A Non QM Non QM No
216127689 XXX XXX   23237385     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-06-07): [redacted] has elected to waive this exception.
     05/29/2019 2 B   FL Primary Purchase   C B C B C B A A Non QM Non QM No
216127689 XXX XXX   23237386     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.             05/28/2019   1 A   FL Primary Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM No
216127689 XXX XXX   23237388     Credit Loan Package Documentation Closing / Title Loan Package Documentation Title Error: Title vesting does not concur with deed   The final recorded warranty deed discloses vesting that does not match that of the security instrument. The final title was not provided.       Reviewer Comment (2019-06-07): Agree with lender.


Buyer Comment (2019-06-07): Please advise what does not match. [redacted] is the Trustee and [redacted] is the spouse (not required to be on the Deed)
 05/30/2019     1 A   FL Primary Purchase   C B C B C B A A Non QM Non QM No
216127689 XXX XXX   23237389     Credit Credit Credit Eligibility Guideline Public Record Issue: - Program guidelines require that any non-medical collections or those not in dispute must be paid in full when the balances exceed $1000. There is no evidence in file to confirm these collections were satisfied. [redacted]% DTI on this Alt documentation loan < 43% guideline max - [redacted]% below program guideline maximum

Borrower is in the same line of work for the past 9 years.

Reserves are [redacted] months, 4.8 months > program requirement of 3 months

Credit score is [redacted], 50 points > program requirement of 680		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-07): Waived with comp factors
     06/07/2019 2 B   FL Primary Purchase   C B C B C B A A Non QM Non QM No
216127689 XXX XXX   23237390     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. The Borrower's final CD discloses a dollar amount of $[redacted] which is the amount by which the total closing costs exceed the legal limit.       Reviewer Comment (2019-06-07): COC - relock


Buyer Comment (2019-06-07): Cure provided at closing
 05/31/2019     1 A   FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127689 XXX XXX   23237391     Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of $[redacted]  is less than amount of binding Lender Credit previously disclosed in the amount of $[redacted]. The Lender Credit initially disclosed on the LE changed with no valid changed circumstance.       Reviewer Comment (2019-06-07): COC - relock
 05/31/2019     1 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 C B C B A A Non QM Non QM No
216127689 XXX XXX   23237392     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. The appraisal fee increased by $[redacted] and a sufficient cure was provided to the Borrower. See prior exception confirming sufficient cure - cure will be applied once lender credit tolerance has been cured.       Reviewer Comment (2019-06-07): Cure provided at closing


Buyer Comment (2019-06-07): Cure provided at closing
 05/31/2019     1 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 C B C B A A Non QM Non QM No
216127689 XXX XXX   23237393     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Flipped Property - Borrower Charged for 2 Appraisals) TILA HPML Appraisal Rule (Dodd-Frank 2014): Flipped Property - Creditor improperly charged consumer for two (2) appraisals.         Reviewer Comment (2019-06-07): Corrected purchase contract date in [redacted]


Buyer Comment (2019-06-07): This is a non-arms length transaction.. 2 appraisals are required
 05/30/2019     1 A   FL Primary Purchase Provide evidence of the refund of the amount charged to the consumer for the second appraisal performed on the subject property.  (Include a copy of the Refund Check, Proof of Delivery, and Cover Letter) C B C B C B A A Non QM Non QM No
216127690 XXX XXX   23237374     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. [redacted]% LTV exceeds max allowed of 85% per guidelines.  Approved Lender Exception in file. One open mortgage reporting 0x30 since inception [redacted].  Credit history is paid as agreed with the exception of a [redacted] collection $[redacted] dated [redacted].

Borrower is [redacted] for 2 years 9 months.

DTI is [redacted] [redacted]% < program maximum of 43%.

Credit score is [redacted], 61 points > program requirement of 700.		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-07): [redacted] has elected to waive this exception based on compensating factors.
     05/24/2019 2 B   TX Primary Purchase   C B C B C B C A Non QM Non QM No
216127690 XXX XXX   23237375     Property Property - Appraisal Appraisal Documentation Property - Appraisal The property type differs between the valuation documents in file. Unable to verify the property type.  Ineligible per guidelines.   Secondary appraisal dated [redacted] did not reflect the subject as a PUD yet the initial corrected appraisal and Security Instrument indicate PUD.       Reviewer Comment (2019-06-07): Corrected appraisal provided.


Buyer Comment (2019-06-07): See corrected report
 06/06/2019     1 A   TX Primary Purchase   C B C B C B C A Non QM Non QM No
216127690 XXX XXX   23237377     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing evidence borrower was provided a copy of the LO Compensation Disclosure at time of application       Buyer Comment (2019-06-07): [redacted] has elected to waive this exception.
     05/28/2019 2 B   TX Primary Purchase   C B C B C B C A Non QM Non QM No
216127690 XXX XXX   23237378     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 three (3) business days prior to closing. Initial CD dated [redacted] was not acknowledged as being received by the borrower a minimum of 3 days prior to closing.       Reviewer Comment (2019-06-07): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-06-07): See attached
 05/30/2019     1 A   TX Primary Purchase No Defined Cure C B C B C B C A Non QM Non QM No
216127690 XXX XXX   23237379     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 (4) business days prior to closing. Revised LE dated [redacted] was not acknowledged as being received by the borrower a minimum of 4 days prior to closing.       Reviewer Comment (2019-06-07): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-06-07): See attached
 05/30/2019     1 A   TX Primary Purchase No Defined Cure C B C B C B C A Non QM Non QM No
216127691 XXX XXX   23237396     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___
___		 File is missing verbal VOE's from both borrowers prior employers to verify a 2-year history and verify the start and ending dates disclosed on the Final 1003. Borrower has a disposable income of [redacted] .

[redacted] months reserves > 6 months minimum.		   Originator

Originator		 Reviewer Comment (2019-06-07): Rec'd exception for missing VVOE from previous employer to complete a full two year history.


Buyer Comment (2019-06-07): see exception


Reviewer Comment (2019-06-07): The file contains a W-2 from the most recent previous employer but missing VVOE or documentation from [redacted] to complete a 2 year history required per guidelines.


Buyer Comment (2019-06-07): guideline requires [redacted] year history on 1003,but does not require voes for all [redacted] years, only for current employment and income


Reviewer Comment (2019-06-07): Guidelines require a [redacted] year employment history.


Buyer Comment (2019-06-07): lender does not require voes for previous employment
     06/05/2019 2 B   CA Primary Purchase   C B C B B B A A Non QM Non QM No
216127691 XXX XXX   23237397     Credit Guideline Guideline Issue Guideline A recent event (Bankruptcy, Foreclosure, Deed-In-Lieu, Short Sale, 1x120 housing late) occurred within the last 36 months of the Closing date and not permitted, per guidelines. Closing Date: ___ Credit report reflects a Short Sale that was completed [redacted], which 2.81 years from the subject closing date. File only contains the borrower's letter of explanation and is missing verification of the Short Sale completion date. [redacted] Full Doc guidelines require the Short Sale to be seasoned 36 months. Borrower has a disposable income of [redacted] .

[redacted] months reserves > 6 months minimum.		   Originator

Originator		 Reviewer Comment (2019-06-07): Rec'd exception for short sale seasoned < [redacted] years.
     05/29/2019 2 B   CA Primary Purchase   C B C B B B A A Non QM Non QM No
216127691 XXX XXX   23237398     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. File is missing evidence the borrowers were provided and received a copy of the appraisal at or before closing.       Reviewer Comment (2019-06-07): Rec'd email evidencing appraisal sent [redacted].


Buyer Comment (2019-06-07): appraisal sent [redacted]
 05/29/2019     1 A   CA Primary Purchase   C B C B B B A A Non QM Non QM No
216127691 XXX XXX   23237399     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption. Final Closing Disclosure disclosed the lender will not allow the loan to be Assumed however, the Note contains an Assumption Clause.       Reviewer Comment (2019-06-07): Client Elects to waive Non-Material Exception
     05/21/2019 2 B   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM No
216127691 XXX XXX   23237400     Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure TILA-RESPA Integrated Disclosure:  Seller Closing Disclosure not located in the file. TRID non-compliant. Seller's Final Closing Disclosure was not provided in imaged file.       Reviewer Comment (2019-06-07): Rec'd seller's CD.
 05/29/2019     1 A   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM No
216127691 XXX XXX   23237401     Compliance Compliance Federal Compliance TRID TRID Invalid Section B Combinations TILA-RESPA Integrated Disclosure - Loan Costs: Final Closing Disclosure provided on [redacted] reflects a fee Paid To lender or broker for fee within Services Borrower Did Not Shop For section. Final Closing Disclosure, Section B disclosed Other as the Payee name for the Flood Certification (Life of Loan) Fee of $[redacted]. This is TRID non-compliant.       Buyer Comment (2019-06-07): please waive
     06/04/2019 2 B   CA Primary Purchase Good Faith Redisclosure C B C B B B A A Non QM Non QM No
216127691 XXX XXX   23237402     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller Change - Deposit TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether there was a change in the Deposit. Final Closing Disclosure Calculating Cash to Close Table disclosed No for Did this Change? for the Deposit from $0.00 to $[redacted].       Buyer Comment (2019-06-07): please waive
     06/04/2019 2 B   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM No
216127691 XXX XXX   23237403     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller Change - Down Payment TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether there was a change in the Down Payment/Funds from Borrower. Final Closing Disclosure Calculating Cash to Close Table disclosed No for Did this Change? for the Down Payment/Funds from $[redacted] to $[redacted].       Buyer Comment (2019-06-07): please waive
     06/04/2019 2 B   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM No
216127691 XXX XXX   23237404     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller Change - Seller Credit TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether there was a change in the Seller Credit. Final Closing Disclosure Calculating Cash to Close Table disclosed No for Did this Change? for the Seller Credit from $0.00 to $[redacted].       Buyer Comment (2019-06-07): please waive
     06/04/2019 2 B   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM No
216127693 XXX XXX   23237406     Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - Borrower's IRA brokerage account was verified with only 1 statement dated [redacted]. [redacted] Full Doc guidelines require the most recent 2 months of statements.       Reviewer Comment (2019-06-07): Rec'd additional statement.


Buyer Comment (2019-06-07): [redacted] [redacted]
 06/03/2019     1 A   CA Investment Purchase   C A C A A A A A N/A N/A No
216127693 XXX XXX   23237407     Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - ___
___
___		 File is missing insurance verifications for these properties along with the tax verification for the property at [redacted] and the mortgage statement for the property at [redacted]. Upon receipt of the missing property expense verifications, additional conditions may apply.       Reviewer Comment (2019-06-07): Rec'd mortgage statement.


Buyer Comment (2019-06-07): [redacted] is the lienholder for [redacted] property so eoi is correct and satisfaction of lien not needed since not subject


Reviewer Comment (2019-06-07): [redacted] insurance reflects [redacted] as lienholder.  Additionally, the property history report does not reflect a satisfaction of mortgage.  Missing mortgage statement.


Buyer Comment (2019-06-07): see attached non subject documents
 06/04/2019     1 A   CA Investment Purchase   C A C A A A A A N/A N/A No
216127693 XXX XXX   23237408     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - File is missing an Award Letter to verify the amount and minimum of 3-year continuance for the co-borrower's Pension income. Upon receipt of the missing Pension Award Letter, additional conditions may apply.       Reviewer Comment (2019-06-07): Rec'd proof of receipt of pension income.


Buyer Comment (2019-06-07): retirement award letter uploaded


Buyer Comment (2019-06-07): see attached non subject documents
 06/03/2019     1 A   CA Investment Purchase   C A C A A A A A N/A N/A No
216127693 XXX XXX   23237409     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Borrower was qualified with monthly Asset Depletion income of $[redacted]. File only contains 1 IRA brokerage statement dated [redacted]. After deducting funds for closing and reserves for the subject investment property plus 10 financed properties, the calculated depletion income is $[redacted]. This results in a DTI of 1[redacted]%.       Reviewer Comment (2019-06-07): Rec'd bank statements documenting sufficient funds available for asset depletion.  DTI < [redacted]%.
 06/03/2019     1 A   CA Investment Purchase   C A C A A A A A N/A N/A No
216127694 XXX XXX   23237411     Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account statement Inaccurate RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure.       Buyer Comment (2019-06-07): please waive
     05/31/2019 2 B   CA Second Home Purchase   C B C A C B A A Non QM Non QM No
216127694 XXX XXX   23237412     Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure TILA-RESPA Integrated Disclosure:  Seller Closing Disclosure not located in the file. Seller Closing Disclosure not located in the file.       Buyer Comment (2019-06-07): please waive
     05/31/2019 2 B   CA Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
216127694 XXX XXX   23237413     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. 3 year history of Capital Gains confirmed by third party was not provided.       Reviewer Comment (2019-06-07): Rec'd evidence of the continuing sale of real estate.


Buyer Comment (2019-06-07): see uploads done to address
 06/03/2019     1 A   CA Second Home Purchase Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM No
216127694 XXX XXX   23237414     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Credit History Ability to Repay (Dodd-Frank 2014): Unable to verify debt obligations using reasonably reliable third-party records. 3 credit references required and only 1 was provided.       Reviewer Comment (2019-06-07): Rec'd alt credit.


Buyer Comment (2019-06-07): 3 attached
 06/03/2019     1 A   CA Second Home Purchase   C B C A C B A A Non QM Non QM No
216127694 XXX XXX   23237415     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Schedule D Ability to Repay (Dodd-Frank 2014): Unable to verify Capital Gains income using reasonably reliable third-party records. 3 year history of Capital Gains confirmed by third party was not provided.       Reviewer Comment (2019-06-07): Rec'd evidence of the continuing sale of real estate.


Buyer Comment (2019-06-07): sufficient proof the capital gains will continue is attached. That original LOE says there is a breakdown of ongoing projects, progress, and projected completion. please see contracts , projects, and purchase agreements
 06/03/2019     1 A   CA Second Home Purchase   C B C A C B A A Non QM Non QM No
216127694 XXX XXX   23237416     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. 3 year history of Capital Gains confirmed by third party was not provided.       Reviewer Comment (2019-06-07): Rec'd evidence of the continuing sale of real estate.
 06/03/2019     1 A   CA Second Home Purchase   C B C A C B A A Non QM Non QM No
216127694 XXX XXX   23237417     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [redacted] disclosed a Closing Date that did not match the actual date of consummation. CD closing date [redacted], borrower signature date [redacted]       Buyer Comment (2019-06-07): please waive. compensating factors- length of employment and low dti


Reviewer Comment (2019-06-07): [redacted] received final settlement statement supporting close date of [redacted]. Please provide corrected CD and LOE to cure.


Buyer Comment (2019-06-07): final closing statement showing [redacted] attached
     06/04/2019 2 B   CA Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
216127694 XXX XXX   23237418     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Currency conversions for rental income was not provided.       Reviewer Comment (2019-06-07): Rec'd currency conversions.


Buyer Comment (2019-06-07): sufficient proof the capital gains will continue is attached. That original LOE says there is a breakdown of ongoing projects, progress, and projected completion. please see contracts , projects, and purchase agreements
 06/03/2019     1 A   CA Second Home Purchase   C B C A C B A A Non QM Non QM No
216127695 XXX XXX   23237420     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to go in a securitization and reflects only one valuation product when two are required.           Reviewer Comment (2019-06-07): Rec'd CDA
 05/07/2019     1 A   AZ Primary Purchase   C B C B B B C A Non QM Non QM No
216127695 XXX XXX   23237421     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided           Reviewer Comment (2019-06-07): Rec'd fraud report.


Buyer Comment (2019-06-07): FRAUDGUARD UPLOADED NOW
 05/10/2019     1 A   AZ Primary Purchase   C B C B B B C A Non QM Non QM No
216127695 XXX XXX   23237422     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: Borrower: [redacted] ___   Borrower has a disposable income of [redacted] .

[redacted]% LTV < 90% guideline max		   Originator

Originator		 Reviewer Comment (2019-06-07): Rec'd exception for using [redacted] transcript in lieu of K-1.


Reviewer Comment (2019-06-07): Provide lender exception for missing [redacted] K-1 from [redacted]


Buyer Comment (2019-06-07): k1 income verified via tax transcript from irs


Reviewer Comment (2019-06-07): Rec'd K-1 from [redacted].  Missing [redacted] K-1 from [redacted].


Buyer Comment (2019-06-07): [redacted] k1
     06/04/2019 2 B   AZ Primary Purchase   C B C B B B C A Non QM Non QM No
216127695 XXX XXX   23237423     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption. ([redacted]) Note reflects assumption verbiage.  Final CD reflects not assumable.       Reviewer Comment (2019-06-07): Okay to waive per client.
     04/26/2019 2 B   AZ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B C A Non QM Non QM No
216127695 XXX XXX   23237424     Credit Note Document Error Note Missing Documentation: Complete non-subject financing information was not found in file.   Missing verification of PITI for [redacted].  1003 does not reflect any mortgage pymt, taxes or insurance.  [redacted] Schedule E reflects mortgage interest for both properties.  If mortgage have been paid off, provide documentation reflecting properties are free and clear.  Credit sup issued on [redacted] reflects $[redacted] mtg with [redacted] with payment of $[redacted]Associated with [redacted], until further documentation received.       Reviewer Comment (2019-06-07): Rec'd evidence of PITIA for both rental properties.


Buyer Comment (2019-06-07): The 1003 does reflect mortgage payments and the properties are both included in the DTI on the income calc worksheet.  The rental properties are on the  worksheet attached called Prop 1-3 and the numbers are taken from the [redacted]Sch E.
 05/29/2019     1 A   AZ Primary Purchase   C B C B B B C A Non QM Non QM No
216127696 XXX XXX   23237425     Credit Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Final 1003   Final 1003 missing       Reviewer Comment (2019-06-07): Final signed and dated 1003 provided.
 01/13/2019     1 A   CA Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Non QM No
216127696 XXX XXX   23237426     Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.           Reviewer Comment (2019-06-07): Desk review in file and acceptable.


Buyer Comment (2019-06-07): this was in the file
 01/14/2019     1 A   CA Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Non QM No
216127696 XXX XXX   23237428     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. (Type:Secondary/[redacted]) Borrower executed waiver       Buyer Comment (2019-06-07): The waiver was for the desk review, there is an email from the borrower on [redacted]confirming receipt of appraisal
     01/12/2019 2 B   CA Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Non QM No
216127696 XXX XXX   23237429     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of $[redacted] on Final Closing Disclosure provided on [redacted] not accurate. ([redacted]) Final Closing Disclosure reflects amount of Estimated Property Costs over Year 1 of $[redacted] and should reflect $[redacted].       Reviewer Comment (2019-06-07): Letter of Explanation & Corrected Closing Disclosure provided.
   02/28/2019   2 B   CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM No
216127696 XXX XXX   23237430     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-06-07): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
     01/12/2019 2 B   CA Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Non QM No
216127696 XXX XXX   23237431     Credit Credit Miscellaneous Guideline Credit Exception:   Missing compliance report.       Reviewer Comment (2019-06-07): Compliance/high cost analysis provided.


Buyer Comment (2019-06-07): this was in the file
 01/14/2019     1 A   CA Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Non QM No
216127696 XXX XXX   23237432     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: Borrower: [redacted] Self-employed borrower.  Missing evidence of the existence of the business within 10 calendar days of closing verified through a disinterested third party such as CPA, regulatory agency, applicable licensing bureau, or verification of a phone and address listing using the internet.       Reviewer Comment (2019-06-07): internet verification provided dated[redacted]


Reviewer Comment (2019-06-07): The secretary of state print out is from [redacted] and the loan closed [redacted].  Not within the 10 days as required.


Buyer Comment (2019-06-07): this was in the file
 03/01/2019     1 A   CA Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Non QM No
216127696 XXX XXX   23237433     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption. ([redacted]) The final CD discloses the loan is not assumable, the note contains assumption language.       Buyer Comment (2019-06-07): This was a system glitch and has now been fixed
     01/12/2019 2 B   CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Non QM No
216127696 XXX XXX   23237434     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.           Reviewer Comment (2019-06-07): Rec'd PDI, no damage noted.


Buyer Comment (2019-06-07): DAIR attached
 06/03/2019     1 A   CA Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Non QM No
216127699 XXX XXX   23237436     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided           Reviewer Comment (2019-06-07): Rec'd loan approval.
 05/08/2019     1 A   CA Investment Purchase   C A C A A A C A N/A N/A No
216127699 XXX XXX   23237437     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing:   Missing initial 1003 with stated income signed and dated by the borrower.       Reviewer Comment (2019-06-07): Rec'd signed initial 1003.


Buyer Comment (2019-06-07): initial 1003
 06/05/2019     1 A   CA Investment Purchase   C A C A A A C A N/A N/A No
216127699 XXX XXX   23237438     Credit Guideline Guideline Issue Guideline Loan product type is ineligible per guidelines.   Total Deposits (minus disallowed deposits) $[redacted] divided by the P&L gross income $[redacted] = [redacted]% which is < 90% per guidelines the total monthly average deposits per bank statements (minus any disallowed deposits) must be within 10% of monthly gross revenue reflected on P&L. No exception is in the loan file.       Reviewer Comment (2019-06-07): Not required on the 24 month business bank statement program.
 05/16/2019     1 A   CA Investment Purchase   C A C A A A C A N/A N/A No
216127699 XXX XXX   23237439     Credit Credit Miscellaneous Guideline Credit Exception:   Missing evidence for [redacted] property verifying the property is owned free and clear with no HOA dues.       Reviewer Comment (2019-06-07): Rec'd property history report reflecting SFR with mortgage from [redacted].  Credit report reflects the mortgage paid and closed.


Buyer Comment (2019-06-07): property profile
 06/05/2019     1 A   CA Investment Purchase   C A C A A A C A N/A N/A No
216127699 XXX XXX   23237440     Credit Credit Miscellaneous Guideline Credit Exception:   Missing evidence for [redacted]  property verifying the property is owned free and clear with no HOA dues.       Reviewer Comment (2019-06-07): Rec'd property history report reflecting SFR with mortgage from [redacted].  Credit report reflects the mortgage paid and closed.


Buyer Comment (2019-06-07): property profie
 06/05/2019     1 A   CA Investment Purchase   C A C A A A C A N/A N/A No
216127699 XXX XXX   23237441     Credit Credit Miscellaneous Guideline Credit Exception:   Missing evidence for [redacted] property verifying the property tax and insurance payments do not exceed $[redacted] monthly and that there are no HOA dues.       Reviewer Comment (2019-06-07): Rec'd evidence of PITIA.


Buyer Comment (2019-06-07): eoi and taxes [redacted]


Reviewer Comment (2019-06-07): Please provide copy of CD to verify PITIA.


Buyer Comment (2019-06-07): please see explanation.

[redacted]are the same property.  It is a 2 unit property on a corner (see below from appraisal).  It is not free and clear and we are hitting the borrower with a payment of $[redacted] which is the fully amortized payment on the refi we completed in [redacted] 2018.  The actual payment is $[redacted].
 06/06/2019     1 A   CA Investment Purchase   C A C A A A C A N/A N/A No
216127699 XXX XXX   23237442     Credit Credit Miscellaneous Guideline Credit Exception:   Missing evidence for [redacted] property verifying the property is owned free and clear and has no HOA dues and is not subject to any monthly taxes or is not the borrower's responsibility (company owned or sold prior to close).       Reviewer Comment (2019-06-07): Rec'd evidence of PITIA.


Buyer Comment (2019-06-07): see uploads of taxes and hoi for [redacted]


Reviewer Comment (2019-06-07): Please provide copy of CD to verify PITIA.


Buyer Comment (2019-06-07): note attached


Buyer Comment (2019-06-07): please see explanation.

[redacted] are the same property.  It is a 2 unit property on a corner (see below from appraisal).  It is not free and clear and we are hitting the borrower with a payment of $[redacted] which is the fully amortized payment on the refi we completed in [redacted] 2018.  The actual payment is $[redacted].
 06/06/2019     1 A   CA Investment Purchase   C A C A A A C A N/A N/A No
216127699 XXX XXX   23237443     Credit Credit Miscellaneous Guideline Credit Exception:   Missing a copy of  the termite inspection report for the subject purchase money mortgage as required by the real estate sales contract, page 2 item 7, A, (2).       Reviewer Comment (2019-06-07): Rec'd waiver.


Buyer Comment (2019-06-07): termite inspection waiver upload
 05/24/2019     1 A   CA Investment Purchase   C A C A A A C A N/A N/A No
216127699 XXX XXX   23237444     Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization.   Client will order a secondary valuation at the time of securitization.       Reviewer Comment (2019-06-07): Rec'd CDA


Buyer Comment (2019-06-07): [redacted] CDA
 05/14/2019     1 A   CA Investment Purchase   C A C A A A C A N/A N/A No
216127699 XXX XXX   23237445     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.           Reviewer Comment (2019-06-07): Rec'd PDI dated [redacted]  No damage.


Buyer Comment (2019-06-07): dair


Reviewer Comment (2019-06-07): Rec'd PDI dated [redacted], no damage noted.  Disaster end date [redacted]
 05/17/2019     1 A   CA Investment Purchase   C A C A A A C A N/A N/A No
216127701 XXX XXX   23237483     Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provded.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. Missing evidence of rate lock.       Reviewer Comment (2019-06-07): Waive per client.
     01/23/2019 2 B   CA Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
216127701 XXX XXX   23237484     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Reviewer Comment (2019-06-07): Attestation approved by [redacted] in file.
 01/23/2019     1 A   CA Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
216127701 XXX XXX   23237485     Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date Truth in Lending Act:  Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). The RTC reflects an expiration date of [redacted].  Actual should be [redacted].       Reviewer Comment (2019-06-07): Rec'd emailed LOE and RTC with new expiration date of [redacted].


Buyer Comment (2019-06-07): we re opened recission see attached.


Reviewer Comment (2019-06-07): Right to Cancel dated [redacted] reflects an expiration date of [redacted], only providing the borrowers with a 2-day rescission period. As of [redacted], still have not received a Letter of Explanation, Proof of Delivery, and Re-open Rescission using the corrected expiration date of [redacted], which are required to cure this exception.
   06/03/2019   2 B   CA Primary Refinance - Rate/Term TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B C A C B A A Non QM Non QM No
216127701 XXX XXX   23237486     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Missing lease for [redacted]       Reviewer Comment (2019-06-07): Upon further research, exception has been cleared.
 04/22/2019     1 A   CA Primary Refinance - Rate/Term Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM No
216127701 XXX XXX   23237487     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - REO 25% Method Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income (25% Method) using reasonably reliable third-party records. (Non-Subject Investment/25% Vacancy Method) Missing lease for [redacted]       Reviewer Comment (2019-06-07): Upon further research, exception has been cleared.
 04/22/2019     1 A   CA Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
216127701 XXX XXX   23237488     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Missing lease for [redacted]       Reviewer Comment (2019-06-07): Upon further research, exception has been cleared.
 04/22/2019     1 A   CA Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
216127701 XXX XXX   23237489     Compliance Compliance Federal Compliance TRID TRID Loan Estimate Esign Consent Agreement Timing ESIGN Act - Loan Estimate provided on [redacted] was electronically provided prior to borrower's consent to receive electronic disclosures. ([redacted]) Loan Estimate was sent on [redacted] and borrower's consented to electronic disclosures on [redacted].       Reviewer Comment (2019-06-07): Waive per client.
     01/23/2019 2 B   CA Primary Refinance - Rate/Term No Defined Cure C B C A C B A A Non QM Non QM No
216127701 XXX XXX   23237490     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided           Reviewer Comment (2019-06-07): Received lender's approval.


Buyer Comment (2019-06-07): approval attached
 04/22/2019     1 A   CA Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
216127701 XXX XXX   23237491     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to go in a securitization and reflects only one origination valuation product when two are required.           Reviewer Comment (2019-06-07): Received post-disaster inspection, which verifies no damage to the subject property in the last FEMA Disaster.


Buyer Comment (2019-06-07): CDA Attached
 04/22/2019     1 A   CA Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
216127701 XXX XXX   23237492     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption. ([redacted]) The final CD discloses the loan is not assumable, the note contains assumption language.       Reviewer Comment (2019-06-07): Waive per client.
     01/23/2019 2 B   CA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
216127702 XXX XXX   23237493     Compliance Compliance Miscellaneous Compliance Compliance Other Compliance Exception (Manual Add)   Compliance Report not provided.       Reviewer Comment (2019-06-14): Compliance Report provided.


Buyer Comment (2019-06-14): Compliance report provided
 06/03/2019     1 A   VA Primary Purchase   C B C B C A A A Non QM Non QM No
216127702 XXX XXX   23237494     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Documented qualifying Assets for Closing of  ___ is less than Cash From Borrower ___. Lender approved exception.  Allow all funds for down payment and closing costs to be paid from borrower's business account vs program requirement that business funds used for down payment and closing costs must be transferred to borrower's personal account. Waterfront property, right on [redacted]

Perfect mortgage and credit history, always paid as agreed and no public records.

Both borrowers are self-employed for the past 17 years operating [redacted]

Reserves are [redacted] months, 4.94 months > program requirement of 5 months (3 months required + 2 months due to 1 additional mortgaged investment property).

Credit score is [redacted], 96 points > program requirement of 640.

LTV is [redacted]%,[redacted]% < program maximum of 85%.

DTI is [redacted]%, [redacted]% < program maximum of 50%.		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-14): [redacted] has elected to waive this exception based on compensating factors.
     05/30/2019 2 B   VA Primary Purchase   C B C B C A A A Non QM Non QM No
216127702 XXX XXX   23237496     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.55080% or Final Disclosure APR of 6.70100% is in excess of allowable threshold of APOR 4.12% + 2.5%, or 6.62000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-06-14): [redacted] mortgage purchases HPML compliant loans.
     05/30/2019 1 A   VA Primary Purchase   C B C B C A A A Non QM Non QM No
216127702 XXX XXX   23237497     Compliance Compliance Federal Compliance TRID TRID Esign Consent Agreement Status ESIGN Act - Missing esign consent.  TRID disclosures provided electronically will not be used to set or rebaseline fees for tolerance purposes.  Disclosures sent electronically may result in a fee tolerance violation of up to $[redacted] and disclosure timing violations. E-sign consent documentation not provided.       Reviewer Comment (2019-06-14): [redacted] received E Consent dated [redacted]and [redacted]. Exception Cleared.


Buyer Comment (2019-06-14): Econsent provided
 06/01/2019     1 A   VA Primary Purchase No Defined Cure C B C B C A A A Non QM Non QM No
216127703 XXX XXX   23237500     Credit Guideline Guideline Issue Guideline Ineligible property type. ___ Single Entity ownership of [redacted]% vs. program requirement that no single entity may own more than 15% of total units in the subject property.  Approved Lender Exception in file. Self-employed [redacted] for the past 4 years with 13 years in the profession.

Reserves are [redacted] months, 14 months > program requirement of 3 months.

LTV is [redacted]%, 10% < program maximum of 85%.

Long established condo, control of the HOA transferred to unit owners in [redacted].  No pending litigation in the project. Low overall delinquency of homeowner association dues o[redacted]%. Borrower has no affiliation to [redacted] a private group offering 172 units for rent and provides no short term rentals or housekeeping services. Modern condo project within close proximity to the highway, public transportation hubs and less than an hour away from [redacted]		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-14): [redacted] has elected to waive this exception based on compensating factors.
     05/28/2019 2 B   IL Primary Purchase   C B C B C B A A Non QM Non QM No
216127703 XXX XXX   23237501     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Documentation in file reflects appraisal was provided to the borrower on [redacted] yet date of report in file is [redacted].       Buyer Comment (2019-06-14): [redacted] has elected to waive
     05/30/2019 2 B   IL Primary Purchase   C B C B C B A A Non QM Non QM No
216127703 XXX XXX   23237502     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.88340% or Final Disclosure APR of 6.93000% is in excess of allowable threshold of APOR 4.18% + 1.5%, or 5.68000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-06-14): [redacted] mortgage purchases HPML compliant loans.
     05/28/2019 1 A   IL Primary Purchase   C B C B C B A A Non QM Non QM No
216127703 XXX XXX   23237503     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Escrowed Property Costs Year 1 -  October 2018 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. The final CD discloses a monthly escrow payment of $[redacted], calculated over 1 year is $[redacted] versus the figure of $[redacted] disclosed on the final CD.       Reviewer Comment (2019-06-14): monthly tax collected of [redacted] on CD supported by Tax bills not estimated Tax cert from title agent


Reviewer Comment (2019-06-14): Tax cert reflects [redacted] semi-annually or [redacted] a month CD is collecting [redacted] a month - monthly escrow payment should be [redacted] based on documentation however CD is reflecting [redacted].


Buyer Comment (2019-06-14): This is for [redacted] months and not 12 months
 05/31/2019     1 A   IL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127703 XXX XXX   23237504     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan. The tax certs support an annual tax amount of $[redacted] versus the figure disclosed on the final CD of $[redacted].       Reviewer Comment (2019-06-14): monthly tax collected of [redacted] on CD supported by Tax bills not estimated Tax cert from title agent


Reviewer Comment (2019-06-14): Tax cert reflects [redacted] semi-annually or [redacted] a month CD is collecting [redacted] a month - monthly escrow payment should be [redacted] based on documentation however CD is reflecting [redacted].


Buyer Comment (2019-06-14): This is for [redacted] months and not 12 months
 05/31/2019     1 A   IL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127703 XXX XXX   23237505     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Total Minimum Payment Fixed Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. The tax certs support an annual tax amount of $[redacted] versus the figure disclosed on the final CD of $[redacted].       Reviewer Comment (2019-06-14): monthly tax collected of [redacted] on CD supported by Tax bills not estimated Tax cert from title agent


Reviewer Comment (2019-06-14): Tax cert reflects [redacted] semi-annually or [redacted] a month CD is collecting [redacted] a month - monthly escrow payment should be [redacted] based on documentation however CD is reflecting [redacted].


Buyer Comment (2019-06-14): This is for [redacted] months and not 12 months
 05/31/2019     1 A   IL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127703 XXX XXX   23237506     Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus 10% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Increase in ten percent fees of $[redacted] was cured by Lender with credit listed on final CD.           05/24/2019   1 A   IL Primary Purchase Final CD evidences Cure C B C B C B A A Non QM Non QM No
216127703 XXX XXX   23237508     Credit Credit Miscellaneous Guideline Credit Exception:   Investor concentration is [redacted]% (180 of 277 units) vs program requirement that no more than 50% of total units in the subject may be renter occupied. Lender acknowledged exception. Self-employed [redacted] for the past 4 years with 13 years in the profession.

Reserves are [redacted] months, 14 months > program requirement of 3 months.

LTV is [redacted]%, 10% < program maximum of 85%.

Long established condo, control of the HOA transferred to unit owners in [redacted].  No pending litigation in the project. Low overall delinquency of homeowner association dues o[redacted]%. Borrower has no affiliation to [redacted] a private group offering 172 units for rent and provides no short term rentals or housekeeping services. Modern condo project within close proximity to the highway, public transportation hubs and less than an hour away from [redacted]		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-14): [redacted] has elected to waive this exception based on compensating factors.
     05/28/2019 2 B   IL Primary Purchase   C B C B C B A A Non QM Non QM No
216127705 XXX XXX   23237530     Compliance Compliance Federal Compliance TILA TILA LO Compensation (Impermissible Compensation Method) Loan Originator Compensation (Dodd-Frank 2014):  Unable to determine Compensation method used. The LO Compensation Disclosure provided the compensation figure but does not indicate what it is based upon.       Buyer Comment (2019-06-14): [redacted] has elected to waive this exception.
     05/31/2019 2 B   CA Primary Purchase   C B C A C B A A Non QM Non QM No
216127705 XXX XXX   23237531     Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus 10% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. The recording fee increased, however, a sufficient cure was issued to Borrower.           05/30/2019   1 A   CA Primary Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM No
216127705 XXX XXX   23237532     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. The second appraisal fee was not originally disclosed to the Borrower on the LE, however, a sufficient cure was provided.           05/30/2019   1 A   CA Primary Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM No
216127705 XXX XXX   23237533     Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Mortgage statement disclosed escrows not included in payment.  Tax verification not provided.       Reviewer Comment (2019-06-14): [redacted] received the [redacted]/[redacted]tax Bill for [redacted]


Buyer Comment (2019-06-14): [redacted]Tax Bill for review
 06/05/2019     1 A   CA Primary Purchase   C B C A C B A A Non QM Non QM No
216127705 XXX XXX   23237534     Compliance Compliance Miscellaneous Compliance Compliance Other Compliance Exception (Manual Add)   Compliance Report not provided.       Reviewer Comment (2019-06-14): Compliance Report provided.


Buyer Comment (2019-06-14): Mavent
 06/03/2019     1 A   CA Primary Purchase   C B C A C B A A Non QM Non QM No
216127707 XXX XXX   23237537     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - Partnership Test Ability-to-Repay (Dodd-Frank 2014): Unable to verify current Partnership status using reasonably reliable third-party records. ([redacted])         Reviewer Comment (2019-06-14): The final business return was in [redacted].  Not using income to qualify.


Buyer Comment (2019-06-14): [redacted] was marked as final return
 06/07/2019     1 A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127707 XXX XXX   23237538     Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted]% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.)   [redacted] representative FICO score > 680 guideline minimum

Borrower has a disposable income of [redacted]

[redacted] months reserves > 6 months guideline minimum.		   Originator

Originator

Originator		 Reviewer Comment (2019-06-14): Rec'd exception for DTI > [redacted]%.
     06/06/2019 2 B   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127707 XXX XXX   23237539     Compliance Compliance Federal Compliance TRID Defect TRID Closing Disclosure Lump Sum Allocation Lump sum lender/seller credit disclosed on Closing Disclosure applied to offset non-finance charges first, then finance charges pursuant to client's election as permitted under SFIG RMBS 3.0 TRID Compliance Review Scope Version 2.0 (updated October 2018).  Anti-predatory lending points and fees testing are not impacted.         Reviewer Comment (2019-06-14): Okay to waive per client.
     04/26/2019 1 A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127707 XXX XXX   23237540     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Loan designation of QM is not matching current ATR fail due to DTI exceeding 50% and missing income/employment information.       Reviewer Comment (2019-06-14): The final business return was in [redacted].  Not using income to qualify.


Reviewer Comment (2019-06-14): Valid exception due to missing income documentation.


Reviewer Comment (2019-06-14): Unable to waive.


Reviewer Comment (2019-06-14): Ok to waive per client.
 06/07/2019     1 A   CA Primary Purchase Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM No
216127707 XXX XXX   23237541     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Incomplete income documentation in file for borrower.   No P&L statements provided for corporations in file.       Reviewer Comment (2019-06-14): The final business return was in [redacted].  Not using income to qualify.
 06/07/2019     1 A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127707 XXX XXX   23237543     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.           Reviewer Comment (2019-06-14): Rec'd PDI, no damage noted.
 05/21/2019     1 A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127707 XXX XXX   23237544     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Per the income worksheet, the Lender did not include the losses from the borrowers' corporations in the monthly income figures. [redacted] representative FICO score > 680 guideline minimum

Borrower has a disposable income of [redacted]

[redacted] months reserves > 6 months guideline minimum.		   Originator

Originator

Originator		 Reviewer Comment (2019-06-14): Rec'd exception for DTI > [redacted]%.


Buyer Comment (2019-06-14): please see upload
     06/06/2019 2 B   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127707 XXX XXX   23237546     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. Due to improper calculation of income, the DTI exceeds 50%, which is an ATR risk.       Reviewer Comment (2019-06-14): Rec'd lender exception for DTI > [redacted]%.


Buyer Comment (2019-06-14): please see upload
 06/06/2019     1 A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127707 XXX XXX   23237547     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   No proof of liquidation provided for retirement/401k accounts to be used for closing as required per guidelines.       Reviewer Comment (2019-06-14): Rec'd proof of sufficient funds to close.


Buyer Comment (2019-06-14): ftc attached


Reviewer Comment (2019-06-14): Nothing  uploaded regarding funds to close.


Buyer Comment (2019-06-14): please see [redacted] and [redacted] 401k statements attached
 06/07/2019     1 A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127707 XXX XXX   23237548     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: Borrower: [redacted] Guidelines require YTD P&L statements for business with over 25% ownership.  Loan closed in [redacted] had only [redacted] returns for partnerships.       Reviewer Comment (2019-06-14): Rec'd P&Ls for [redacted]


Buyer Comment (2019-06-14): p&l
 06/06/2019     1 A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127707 XXX XXX   23237549     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Amount Financed TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed that was not within tolerance of the actual amount financed for the loan. Amount on CD $[redacted] vs calculated amount $[redacted]       Reviewer Comment (2019-06-14): Cleared with compliance re-run.
 05/14/2019     1 A   CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127707 XXX XXX   23237550     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. ([redacted]) Finance charge on CD $[redacted] vs calculated amount of $[redacted]       Reviewer Comment (2019-06-14): Cleared with compliance re-run.
 05/14/2019     1 A   CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127707 XXX XXX   23237551     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. ([redacted]) CD interest amount 1[redacted]% vs calculated interest of 1[redacted]%       Reviewer Comment (2019-06-14): Okay to waive per client.
     04/26/2019 2 B   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127707 XXX XXX   23237552     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed a Total of Payments that does not match the actual total of payments for the loan. ([redacted]) Total payments on CD $[redacted] vs calculated payments of $[redacted]       Reviewer Comment (2019-06-14): Cleared with compliance re-run.
 05/14/2019     1 A   CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127708 XXX XXX   23237554     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.92640% or Final Disclosure APR of 8.10300% is in excess of allowable threshold of APOR 4.61% + 2.5%, or 7.11000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-06-14): [redacted] mortgage purchases HPML compliant loans.
     05/30/2019 1 A   FL Primary Purchase   B B A A B B A A Non QM Non QM No
216127708 XXX XXX   23237555     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Demand Feature TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan contains a Demand Feature. Final CD did not disclose whether or not the loan contains a Demand Feature.       Buyer Comment (2019-06-14): [redacted] has elected to waive this exception.
     05/30/2019 2 B   FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM No
216127709 XXX XXX   23237558     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-06-14): [redacted] has elected to waive this exception.
     05/31/2019 2 B   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127709 XXX XXX   23237559     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. The final CD did not provide a tolerance cure of $[redacted] for the increase to the Title - Endorsement Fee.       Reviewer Comment (2019-06-14): [redacted] received PCCD and LOE.


Buyer Comment (2019-06-14): Docs uploaded for review.
   05/31/2019   2 B   CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127709 XXX XXX   23237560     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. The Title - Endorsement Fee, which was paid to a vendor on the provider list, was added to the CD issued on [redacted] without a valid change of circumstance.       Reviewer Comment (2019-06-14): See new exception


Buyer Comment (2019-06-14): Docs uploaded for review.
 05/31/2019     1 A   CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127709 XXX XXX   23237561     Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Lender approved exception for loan amount exceeding program maximum. [redacted] months reserves, [redacted] months > program requirement of 12 months

Borrower has employment stability for 140.975  years - [redacted]

No public records

[redacted]% DTI on this Alt documentation loan < 50% guideline max - [redacted]% below program guideline maximum		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-14): [redacted] has elected to waive this exception based on compensating factors.
     05/30/2019 2 B   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127709 XXX XXX   23237562     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Lender approved exception for LTV exceeding program maximum. [redacted] months reserves, [redacted] months > program requirement of 12 months

Borrower has employment stability for 140.975  years - [redacted]

No public records

[redacted]% DTI on this Alt documentation loan < 50% guideline max - [redacted]% below program guideline maximum		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-14): [redacted] has elected to waive this exception based on compensating factors.
     05/30/2019 2 B   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127709 XXX XXX   23237564     Compliance Compliance Federal Compliance TILA NMLS - Missing Evidence of Initial Loan Application Date Truth in Lending Act (NMLSR Dodd- Frank 2014): Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date.         Reviewer Comment (2019-06-14): Corrected initial app date.


Buyer Comment (2019-06-14): Broker loan
 05/31/2019     1 A   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127709 XXX XXX   23237565     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Qual Method differs from ATR, DTI is not Understated Ability to Repay (Dodd-Frank 2014): The Qualification Method used by the lender does not match the ATR payment calculation methods under 1026.43(c)(5), but the method did not render a DTI that is less than that prescribed under ATR. Used qualification method from lender guidelines for interest only loans.       Reviewer Comment (2019-06-14): Corrected initial app date.
 05/31/2019     1 A   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127709 XXX XXX   23237566     Compliance Compliance Federal Compliance TILA ARM Disclosure Timing Test Unable to determine if ARM disclosure was provided within three (3) days of application due to missing information.         Reviewer Comment (2019-06-14): Corrected initial app date.


Buyer Comment (2019-06-14): please see uploaded 1003
 05/31/2019     1 A   CA Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
216127709 XXX XXX   23237567     Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Timing Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.         Reviewer Comment (2019-06-14): Corrected initial app date.


Buyer Comment (2019-06-14): please see uploaded 1003
 05/31/2019     1 A   CA Primary Refinance - Cash-out - Other No Defined Cure C B C B C B A A Non QM Non QM No
216127709 XXX XXX   23237568     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. The list was provided on [redacted]; the broker received the application on [redacted].       Reviewer Comment (2019-06-14): Corrected initial app date.


Buyer Comment (2019-06-14): please see uploaded 1003
 05/31/2019     1 A   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127709 XXX XXX   23237569     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower. [redacted] received PCCD, LOE, Copy of Refund and Fed-ex tracking # [redacted] - per Fedex website label was created but not yet shipped.  Provide evidence of delivery to cure.       Reviewer Comment (2019-06-14): [redacted] received the PCCD, LOE, refund and proof of deliver [redacted] @[redacted].


Buyer Comment (2019-06-14): Package was delivered
   06/06/2019   2 B   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127711 XXX XXX   23237578     Credit Credit Credit Documentation Missing Document  Missing Document: Credit Report not provided           Reviewer Comment (2019-06-14): Credit Report provided


Buyer Comment (2019-06-14): CBR for review
 06/03/2019     1 A   MD Primary Refinance - Cash-out - Other   D B D B C B A A Non QM Non QM No
216127711 XXX XXX   23237579     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.02980% or Final Disclosure APR of 7.03600% is in excess of allowable threshold of APOR 4.14% + 2.5%, or 6.64000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-06-14): [redacted] mortgage purchases HPML compliant loans.
     05/31/2019 1 A   MD Primary Refinance - Cash-out - Other   D B D B C B A A Non QM Non QM No
216127711 XXX XXX   23237580     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-06-14): [redacted] has elected to waive this exception.
     05/31/2019 2 B   MD Primary Refinance - Cash-out - Other   D B D B C B A A Non QM Non QM No
216127711 XXX XXX   23237581     Compliance Compliance State Compliance State HPML (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) [redacted] Higher-Priced Mortgage Loan:  Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for.         Buyer Comment (2019-06-14): [redacted] has elected to waive this exception
     06/04/2019 2 B   MD Primary Refinance - Cash-out - Other Lender attestation indicating that (1) the borrower did not qualify for any non-higher-priced loans or (2) the lender does not offer non-higher-priced loans. D B D B C B A A Non QM Non QM No
216127711 XXX XXX   23237582     Compliance Compliance State Compliance State HPML [redacted] HPML Threshold Test Non-Compliant [redacted] Higher-Priced Mortgage Loan: APR on subject loan of 7.02980% or Final Disclosure APR of 7.03600% is in excess of allowable threshold of APOR 4.14% + 2.5%, or 6.64000%.  Non-Compliant Higher Priced Loan.         Buyer Comment (2019-06-14): [redacted] has elected to waive this exception
     06/04/2019 2 B   MD Primary Refinance - Cash-out - Other   D B D B C B A A Non QM Non QM No
216127711 XXX XXX   23237583     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Loan does not meet ATR requirements due to missing credit report.       Reviewer Comment (2019-06-14): CBR provided
 06/03/2019     1 A   MD Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status D B D B C B A A Non QM Non QM No
216127711 XXX XXX   23237584     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Credit History Ability to Repay (Dodd-Frank 2014): Unable to verify debt obligations using reasonably reliable third-party records. Loan does not meet ATR requirements due to missing credit report.       Reviewer Comment (2019-06-14): CBR provided
 06/03/2019     1 A   MD Primary Refinance - Cash-out - Other   D B D B C B A A Non QM Non QM No
216127711 XXX XXX   23237585     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Loan does not meet ATR requirements due to missing credit report.       Reviewer Comment (2019-06-14): CBR provided
 06/03/2019     1 A   MD Primary Refinance - Cash-out - Other   D B D B C B A A Non QM Non QM No
216127711 XXX XXX   23237586     Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Lender approved exception for loan amount exceed program maximum. Perfect credit history with never a late payment, spanning 8 mortgage accounts, with earliest account inception date of [redacted] and no public records

Borrower has been self-employed as a [redacted] for the past 20.01 years.

DTI is [redacted]%, [redacted]% < program maximum of 50%

[redacted] months reserves , [redacted] > program requirement of 6 months		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-14): [redacted] has elected to waive this exception based on compensating factors.
     05/31/2019 2 B   MD Primary Refinance - Cash-out - Other   D B D B C B A A Non QM Non QM No
216127711 XXX XXX   23237587     Credit Loan Package Documentation Closing / Title Loan Package Documentation Title Error: Title vesting does not concur with deed   The Security Instrument disclosed the names as [redacted]; the Title Commitment disclosed [redacted]       Reviewer Comment (2019-06-14): vesting concurs with deed


Buyer Comment (2019-06-14): CBR, Vesting for review,
 06/03/2019     1 A   MD Primary Refinance - Cash-out - Other   D B D B C B A A Non QM Non QM No
216127714 XXX XXX   23237603     Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. The Disclosure or the Loan Estimate were not provided.       Reviewer Comment (2019-06-14): [redacted] received required documents, exception is cleared.
 05/23/2019     1 A   FL Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM No
216127714 XXX XXX   23237604     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.50320% or Final Disclosure APR of 7.54200% is in excess of allowable threshold of APOR 4.66% + 2.5%, or 7.16000%.  Non-Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-06-14): [redacted] received required documents, exception is cleared.
 05/23/2019     1 A   FL Primary Purchase   C B C A C B A A Non QM Non QM No
216127714 XXX XXX   23237605     Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - HPML Status HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. The Disclosure or the Loan Estimate were not provided.       Reviewer Comment (2019-06-14): [redacted] received required documents, exception is cleared.
 05/23/2019     1 A   FL Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM No
216127714 XXX XXX   23237606     Compliance Compliance Federal Compliance TRID TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. The Disclosure or the Loan Estimate were not provided.       Reviewer Comment (2019-06-14): [redacted] received required documents, exception is cleared.
 05/23/2019     1 A   FL Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM No
216127714 XXX XXX   23237607     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. The file did not contain evidence that the counseling list was provided to the borrower.       Reviewer Comment (2019-06-14): [redacted] received the Homeowners counseling dated[redacted].
 05/22/2019     1 A   FL Primary Purchase   C B C A C B A A Non QM Non QM No
216127714 XXX XXX   23237608     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. The final CD did not provide a tolerance cure for the increase to the Home Warranty Fee.       Reviewer Comment (2019-06-14): Letter of Explanation & Corrected Closing Disclosure provided.
   05/30/2019   2 B   FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
216127714 XXX XXX   23237609     Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. The file did not contain evidence that the toolkit was provided to the borrower.       Reviewer Comment (2019-06-14): [redacted] received the Homeloan toolkit dated[redacted].
 05/22/2019     1 A   FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216127714 XXX XXX   23237610     Compliance Compliance Federal Compliance TRID Defect TILA-RESPA Integrated Disclosure: application date on or after 10/3/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[redacted] may be required. The Loan Estimate was not provided.       Reviewer Comment (2019-06-14): [redacted] received required documents, exception is cleared.
 05/23/2019     1 A   FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216127714 XXX XXX   23237612     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Home Warranty Premium.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. The Home Warranty Fee was added to the final CD without a valid change of circumstance.       Reviewer Comment (2019-06-14): Letter of Explanation and Post Close CD received.  No cure check is required as the Home Warranty Fee was moved to the proper Section on the Post Closer CD - Section H


Reviewer Comment (2019-06-14): PCCD and LOE was received, proof of delivery, and copy of refund check required. No Changed circumstance addressed the addition of the home warranty fee on the Final CD.


Reviewer Comment (2019-06-14): The Home Warranty fee was added, without proper disclosure, in section C.  The borrower was not given the opportunity to shop for the service.  PCCD, LOE, copy of any refund check and proof of delivery required in order to address the exception.


Buyer Comment (2019-06-14): Please see uploaded LE and COC
   05/31/2019   2 B   FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127714 XXX XXX   23237613     Compliance Compliance Federal Compliance TILA ARM Disclosure Prior to Closing Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower at least three (3) days prior to consummation for a loan that did not start as an ARM.         Reviewer Comment (2019-06-14): [redacted] received the ARM disclosure dated [redacted].
 05/22/2019     1 A   FL Primary Purchase   C B C A C B A A Non QM Non QM No
216127714 XXX XXX   23237614     Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Prior to Closing Timing TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower at least three (3) days prior to consummation for a loan that did not start as an ARM.         Reviewer Comment (2019-06-14): [redacted] received the Homeloan toolkit dated[redacted].
 05/22/2019     1 A   FL Primary Purchase   C B C A C B A A Non QM Non QM No
216127714 XXX XXX   23237616     Credit System General System Closing Disclosure Subject Address does not match Note address. - The interim CD disclosed the property address as [redacted]; the Note disclosed [redacted].  The address was corrected on the final CD.       Reviewer Comment (2019-06-14): Corrected CD provided.
 05/30/2019     1 A   FL Primary Purchase   C B C A C B A A Non QM Non QM No
216127717 XXX XXX   23237644     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.19830% or Final Disclosure APR of 6.22900% is in excess of allowable threshold of APOR 4.18% + 1.5%, or 5.68000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-06-14): [redacted] mortgage purchases HPML compliant loans.
     05/17/2019 1 A   NY Primary Purchase   C B C B C B A A Non QM Non QM No
216127717 XXX XXX   23237645     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) [redacted] Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. Provided on [redacted], application received on [redacted].       Buyer Comment (2019-06-14): [redacted] has elected to waive
     05/29/2019 2 B   NY Primary Purchase No obvious cure C B C B C B A A Non QM Non QM No
216127717 XXX XXX   23237646     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. The final CD did not provide a tolerance cure for the increase to the Property Inspection Fee.       Reviewer Comment (2019-06-14): COC inspection prior to closing to address plumbing 442 in the loan file
 05/22/2019     1 A   NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127717 XXX XXX   23237647     Compliance Compliance State Compliance State HPML [redacted] Subprime Home Loan Threshold Fixed Compliant [redacted] Subprime Loan: APR on subject loan of 6.19830% or Final Disclosure APR of 6.22900% is in excess of allowable threshold of Prime Mortgage Market Rate 4.14000 + 1.75%, or 5.89000%.  Compliant SubPrime Loan.         Buyer Comment (2019-06-14): [redacted]has elected to waive
     05/29/2019 2 B   NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C B C B A A Non QM Non QM No
216127717 XXX XXX   23237648     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Property Inspection Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. The Compliance Inspection Fee was added to the final CD without a valid change of circumstance.       Reviewer Comment (2019-06-14): COC inspection prior to closing to address plumbing 442 in the loan file
 05/22/2019     1 A   NY Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127717 XXX XXX   23237649     Credit 1003 Document Error 1003 Borrower(s) is not a U.S. Citizen, and the guideline required documentation was not provided. - Final and Initial 1003s checked No for both US Citizen and Permanent Resident Alien. Missing passport and VISA a Foreign National. Foreign Nationals not allowed under the SPA5 loan program only US Citizens. Credit history shows paid as agreed since inception of earliest account opened [redacted] except for 2 30 day revolving lates [redacted] and [redacted]. No public records. Borrower has US credit established since [redacted]

Borrower has been self-employed doe the past 2 years as the [redacted] and has been in the same line of business for the past 10 years.

[redacted]% DTI on this Alt documentation loan < 50% guideline max - [redacted]% below program guideline maximum

[redacted] months reserves > 3 months guideline minimum

[redacted] representative FICO score > 620 guideline minimum - 125 points above guideline minimum

LTV is [redacted]%, 5% < program maximum of 60%.		   Originator

Originator

Originator

Originator

Originator

Originator		 Reviewer Comment (2019-06-14): [redacted] has elected to waive this exception based on compensating factors.


Reviewer Comment (2019-06-14): Copy of passport is a required document per the guide.


Buyer Comment (2019-06-14): The URLA is written correctly...the borrower is NOT a US Citizen or a Permanent Resident Alien...he just has a Permit to work in the US, which is sufficient.
     05/28/2019 2 B   NY Primary Purchase   C B C B C B A A Non QM Non QM No
216127717 XXX XXX   23237650     Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided   Missing VISA and passport Credit history shows paid as agreed since inception of earliest account opened [redacted] except for 2 30 day revolving lates [redacted] and [redacted]. No public records. Borrower has US credit established since [redacted]

Borrower has been self-employed doe the past 2 years as the [redacted] and has been in the same line of business for the past 10 years.

[redacted]% DTI on this Alt documentation loan < 50% guideline max - [redacted]% below program guideline maximum

[redacted] months reserves > 3 months guideline minimum

[redacted] representative FICO score > 620 guideline minimum - 125 points above guideline minimum

LTV is [redacted]%, 5% < program maximum of 60%.		   Originator

Originator

Originator

Originator

Originator

Originator		 Reviewer Comment (2019-06-14): [redacted] has elected to waive this exception based on compensating factors.


Reviewer Comment (2019-06-14): Copy of passport is a required document per the guide.
     05/28/2019 2 B   NY Primary Purchase   C B C B C B A A Non QM Non QM No
216127717 XXX XXX   23237651     Credit Credit Miscellaneous Guideline Credit Exception:   Allow borrower to be treated as US person with employment authorization card in lieu of VISA. Lender exception. Credit history shows paid as agreed since inception of earliest account opened [redacted] except for 2 30 day revolving lates [redacted] and [redacted]. No public records. Borrower has US credit established since [redacted]

Borrower has been self-employed doe the past 2 years as the [redacted] and has been in the same line of business for the past 10 years.

[redacted]% DTI on this Alt documentation loan < 50% guideline max - [redacted]% below program guideline maximum

[redacted] months reserves > 3 months guideline minimum

[redacted] representative FICO score > 620 guideline minimum - 125 points above guideline minimum

LTV is [redacted]%, 5% < program maximum of 60%.		   Originator

Originator

Originator

Originator

Originator

Originator		 Reviewer Comment (2019-06-14): [redacted] has elected to waive this exception based on compensating factors.
     05/28/2019 2 B   NY Primary Purchase   C B C B C B A A Non QM Non QM No
216127720 XXX XXX   23237674     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Prepaid Property Tax Months X Final Closing Disclosure did not disclose number of months for Property Tax under prepaids.       Buyer Comment (2019-06-14): [redacted]has elected to waive this exception.
     04/23/2019 2 B   FL Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
216127720 XXX XXX   23237675     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Closing Costs Financed TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed Closing Costs Financed that does not match actual amount of closing costs financed. Final Closing Cost financed on page 3 of the final CD reflects $0.       Buyer Comment (2019-06-14): [redacted] has elected to waive this exception.
     04/23/2019 2 B   FL Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
216127720 XXX XXX   23237676     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. Final Closing Disclosure did not reflect an amount by which the fees exceeded the legal limit.       Buyer Comment (2019-06-14): [redacted]has elected to waive this exception.
     04/23/2019 2 B   FL Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
216127720 XXX XXX   23237677     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Transfer Fee Amount of $[redacted] exceeds tolerance of $[redacted]. No cure was provided to the borrower       Reviewer Comment (2019-06-14): [redacted] has received the PCCD, LOE, refund check and proof of delivery [redacted]).


Reviewer Comment (2019-06-14): Letter of Explanation, Shipping Label, Copy of Refund Check, and Corrected CD provided.  Please provide confirmation the package has shipped to the borrower. Per [redacted] tracking the package has not yet shopped or been delivered to [redacted].


Buyer Comment (2019-06-14): See cure documents provided.


Reviewer Comment (2019-06-14): [redacted] reviewed COC. The transfer tax fee is not related to recording lien releases. Please provide corrected CD, LOE, Refund Check, and Proof of Delivery to cure.


Buyer Comment (2019-06-14): Cure documents provided. Please clear.


Reviewer Comment (2019-06-14): [redacted] received [redacted] COC however a valid change of circumstance is not indicated. Please provide additional details regarding the additional unanticipated documents or please provide corrected CD, LOE, Refund Check, and Proof of Delivery to cure


Buyer Comment (2019-06-14): See CoC provided
   05/24/2019   2 B   FL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM No
216127720 XXX XXX   23237678     Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Timing TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower within three (3) days of application. CHARM booklet not provided to borrower within 3 days of application       Reviewer Comment (2019-06-14): CHARM Booklet provided


Buyer Comment (2019-06-14): CHARM Booklet provided
 04/23/2019     1 A   FL Primary Refinance - Cash-out - Other No Defined Cure C B A A C B A A Non QM Non QM No
216127720 XXX XXX   23237679     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower. Letter of Explanation, Shipping Label, Copy of Refund Check, and Corrected CD provided.  Please provide confirmation the package has shipped to the borrower. Per FedEx tracking the package has not yet shopped or been delivered to FedEx.       Buyer Comment (2019-06-14): [redacted] has elected to waive this exception.
     05/24/2019 2 B   FL Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
216127721 XXX XXX   23237681     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. The List of the Homeownership Counseling Organizations disclosure was not provided in file.       Buyer Comment (2019-06-14): [redacted] has elected to waive this exception.
     05/22/2019 2 B   CA Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
216127721 XXX XXX   23237682     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of $[redacted] on Final Closing Disclosure provided on [redacted] not accurate. The final CD discloses a total estimated escrow payment of $[redacted] while only the flood insurance is being escrowed at a monthly cost of $[redacted]. This leaves $[redacted] in non-escrowed monthly expenses which calculates to a total of $[redacted] over 12 months.       Reviewer Comment (2019-06-14): Supplemental taxes needed to be included


Buyer Comment (2019-06-14): See PCCD provided
 05/29/2019     1 A   CA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127721 XXX XXX   23237683     Compliance Compliance Federal Compliance TRID TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. The RESPA Servicing Disclosure was not provided in file. The only evidence the disclosure was provided to the Borrower is on the Loan Estimate provided which is not dated within 3 days of application.       Buyer Comment (2019-06-14): [redacted] has elected to waive this exception.
     05/22/2019 2 B   CA Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
216127721 XXX XXX   23237684     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. The index value used at time of origination,[redacted]%, was not available at time of review. The closest value available was[redacted]% causing a discrepancy in TIP.       Buyer Comment (2019-06-14): [redacted] has elected to waive this exception.
     05/22/2019 2 B   CA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127721 XXX XXX   23237685     Compliance Compliance Federal Compliance TRID Defect TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. The only LE provided in file was not issued within 3 days of application.       Reviewer Comment (2019-06-14): Initial LE provided


Buyer Comment (2019-06-14): Initial LE provided
 05/22/2019     1 A   CA Primary Refinance - Rate/Term No Defined Cure C B C B C B A A Non QM Non QM No
216127721 XXX XXX   23237686     Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves discrepancy. Calculated Available for Reserves of ___ is less than Guideline Available for Reserves of ___. Verified funds are insufficient to satisfy the reserve requirements, however, a Lender Exception was granted allowing the loan to proceed. No late payments on credit except 1X30 on revolving account [redacted].  Borrower carries little consumer debt, approximately $[redacted]/month.  No public records.

Credit score is [redacted], 12 points > program requirement of 680.

LTV is [redacted]%, [redacted]% < program max of 75%		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-14): [redacted] has elected to waive this exception based on compensating factors.
     05/20/2019 2 B   CA Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
216127721 XXX XXX   23237687     Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Timing ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. The disclosure was not provided in file, however, the initial LE was inventoried in lieu of. The date of the LE is not within 3 days of initial application.       Buyer Comment (2019-06-14): [redacted]has elected to waive this exception.
     05/22/2019 2 B   CA Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
216127721 XXX XXX   23237688     Compliance Compliance Federal Compliance TILA ARM Disclosure Timing Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. The only ARM disclosure provided in file was signed the day of closing.       Reviewer Comment (2019-06-14): Initial ARM Disclosure provided


Buyer Comment (2019-06-14): ARM Disclosure provided
 05/22/2019     1 A   CA Primary Refinance - Rate/Term No Defined Cure C B C B C B A A Non QM Non QM No
216127721 XXX XXX   23237689     Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Timing TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower within three (3) days of application. The only proof the Borrower received the CHARM Booklet was provided on the ARM disclosure signed the day of closing.       Reviewer Comment (2019-06-14): Initial ARM Disclosure provided
 05/22/2019     1 A   CA Primary Refinance - Rate/Term No Defined Cure C B C B C B A A Non QM Non QM No
216127721 XXX XXX   23237690     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. .       Buyer Comment (2019-06-14): [redacted] has elected to waive this exception.
     05/29/2019 2 B   CA Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127721 XXX XXX   23237691     Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus 10% or $[redacted].  Insufficient or no cure was provided to the borrower. .       Reviewer Comment (2019-06-14): .
 05/22/2019     1 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 B C B C B A A Non QM Non QM No
216127721 XXX XXX   23237692     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. .       Reviewer Comment (2019-06-14): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided


Buyer Comment (2019-06-14): See cure documents provided
   05/29/2019   2 B   CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127721 XXX XXX   23237693     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower. Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD provided       Reviewer Comment (2019-06-14): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD
   05/29/2019   2 B   CA Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
216127724 XXX XXX   23237706     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception doc 12 to allow use of 100% gross rental income for each REO to be used for income qualifying vs. program requirement of 75%. Perfect credit history, including 3 open and 6 closed mortgages, with one isolated late in [redacted]. No public records.

Self-employed 27 years as a [redacted]

Credit score is [redacted], 85 points > program requirement of 680		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-14): [redacted] has elected to waive this exception based on compensating factors.
     05/30/2019 2 B   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127724 XXX XXX   23237707     Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Lender approved exception doc 12 for loan amount of $[redacted] vs. program max of $[redacted]. Perfect credit history, including 3 open and 6 closed mortgages, with one isolated late in [redacted]. No public records.

Self-employed 27 years as a [redacted]

Credit score is [redacted], 85 points > program requirement of 680		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-14): [redacted] has elected to waive this exception based on compensating factors.
     05/30/2019 2 B   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127724 XXX XXX   23237709     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___ Lender's rental calculation worksheet missing       Reviewer Comment (2019-06-14): Lender's rental calculation worksheet provided.
 05/31/2019     1 A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127724 XXX XXX   23237710     Credit Income / Employment Income Documentation Missing Document REO Documents are missing. -         Reviewer Comment (2019-06-14): Documentation provided.


Buyer Comment (2019-06-14): Please see our description from the reo section

[redacted]

There is a plat map in the file that shows they are an aka of each other..
 05/31/2019     1 A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127724 XXX XXX   23237711     Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account statement Inaccurate RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. Corrected on post-close CD issued [redacted], doc 287.       Reviewer Comment (2019-06-14): Corrected on post-close CD issued [redacted], doc 287.
   05/31/2019   2 B   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127724 XXX XXX   23237712     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Escrowed Property Costs Year 1 -  October 2018 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Corrected to $[redacted] on post-close CD issued [redacted], doc 287. - Missing LOE for PCCD correction.       Reviewer Comment (2019-06-14): [redacted] received PCCD correcting escrow amount and LOE. Exception Cured.


Buyer Comment (2019-06-14): Please see uploaded LOE, and email
   05/31/2019   2 B   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127724 XXX XXX   23237713     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Missing lease agreement for [redacted]       Reviewer Comment (2019-06-14): Lease agreement and income calc provided.


Buyer Comment (2019-06-14): Please see uploaded Plat Map
 05/31/2019     1 A   CA Primary Purchase Lender to provide updated ATR/QM status C B C B C B A A Non QM Non QM No
216127724 XXX XXX   23237714     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - REO 25% Method Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income (25% Method) using reasonably reliable third-party records. Missing lease agreement for [redacted]       Reviewer Comment (2019-06-14): Lease agreement and income calc provided.


Buyer Comment (2019-06-14): Please see uploaded Plat map
 05/31/2019     1 A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127724 XXX XXX   23237715     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Missing lease agreement for [redacted]       Reviewer Comment (2019-06-14): Lease agreement and income calc provided.
 05/31/2019     1 A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127724 XXX XXX   23237716     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption. Corrected to show no assumption on post-close CD issued [redacted] doc 287. Missing LOE for PCCD correction.       Reviewer Comment (2019-06-14): [redacted] received PCCD correcting assumption section and LOE. Exception Cured.


Buyer Comment (2019-06-14): Please see uploaded LOE, and email
   05/31/2019   2 B   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127724 XXX XXX   23237717     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [redacted] disclosed a Closing Date that did not match the actual date of consummation. Corrected to show [redacted] on post-close CD issued [redacted], doc 287.Missing LOE for PCCD correction.       Reviewer Comment (2019-06-14): [redacted] received PCCD correcting close date and LOE. Exception Cured.


Buyer Comment (2019-06-14): Please see uploaded LOE, and email
   05/31/2019   1 A   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127724 XXX XXX   23237718     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan. Corrected on post-close CD issued [redacted], doc 287.Missing LOE for PCCD correction and proof of delivery.       Reviewer Comment (2019-06-14): [redacted] received PCCD correcting escrow amount and LOE. Exception Cured.


Buyer Comment (2019-06-14): Please see uploaded LOE, and email
   05/31/2019   2 B   CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127724 XXX XXX   23237719     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Total Minimum Payment Fixed Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. Corrected on post-close CD issued [redacted], doc 287.Missing LOE for PCCD correction and proof of delivery.       Reviewer Comment (2019-06-14): [redacted] received PCCD correcting escrow amount and LOE. Exception Cured.


Buyer Comment (2019-06-14): Please see uploaded LOE, and email
   05/31/2019   2 B   CA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127724 XXX XXX   23237720     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___.   Perfect credit history, including 3 open and 6 closed mortgages, with one isolated late in [redacted]. No public records.

Self-employed 27 years as a [redacted]

Credit score is [redacted], 85 points > program requirement of 680		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-14): [redacted] has elected to waive this exception based on compensating factors.
     06/03/2019 2 B   CA Primary Purchase   C B C B C B A A Non QM Non QM No
216127725 XXX XXX   23237721     Credit Missing Document General Missing Document Missing Document: Borrower Ability to Repay Attestation not provided           Reviewer Comment (2019-06-14): Borrower Ability to Repay Attestation provided
 06/07/2019     1 A   OH Primary Purchase   C B C A C B A A Non QM Non QM No
216127725 XXX XXX   23237723     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Appraisal provided on [redacted] and report date [redacted]       Buyer Comment (2019-06-14): [redacted] has elected to waive
     06/06/2019 2 B   OH Primary Purchase   C B C A C B A A Non QM Non QM No
216127725 XXX XXX   23237724     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.75430% or Final Disclosure APR of 7.78400% is in excess of allowable threshold of APOR 4.61% + 2.5%, or 7.11000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-06-14): [redacted]mortgage purchases HPM compliant loans.
     06/04/2019 1 A   OH Primary Purchase   C B C A C B A A Non QM Non QM No
216127725 XXX XXX   23237725     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 three (3) business days prior to closing. The initial CD was provided on [redacted] with no evidence of early receipt; the borrower signed on [redacted].       Reviewer Comment (2019-06-14): [redacted] received required documents, exception is cleared.
 06/06/2019     1 A   OH Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216127725 XXX XXX   23237727     Compliance Compliance Federal Compliance TRID TRID Esign Consent Agreement Status Unable to determine if loan file contains evidence of borrower's consent to receive electronic documents due to missing information. [redacted] CD is electrically signed.  Confirmation of E-sign consent required to address exception.       Buyer Comment (2019-06-14): [redacted] has elected to waive
     06/07/2019 2 B   OH Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216127725 XXX XXX   23237728     Compliance Compliance Federal Compliance TRID TRID Esign Consent Agreement Status ESIGN Act - Missing esign consent.  TRID disclosures provided electronically will not be used to set or rebaseline fees for tolerance purposes.  Disclosures sent electronically may result in a fee tolerance violation of up to $[redacted] and disclosure timing violations. .       Buyer Comment (2019-06-14): [redacted] has elected to waive
     06/07/2019 2 B   OH Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216127730 XXX XXX   23237759     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.14520% or Final Disclosure APR of 7.14700% is in excess of allowable threshold of APOR 4.61% + 1.5%, or 6.11000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-06-14): Client purchases HPML compliant loans.
     06/07/2019 1 A   PA Primary Purchase   C B C B B B A A Non QM Non QM No
216127730 XXX XXX   23237760     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-06-14): [redacted] has elected to waive this exception.
     06/07/2019 2 B   PA Primary Purchase   C B C B B B A A Non QM Non QM No
216127730 XXX XXX   23237762     Credit Property - Appraisal Property Eligibility - Subject and Improvements Property - Appraisal Guideline Issue:  Property type not allowed per credit guidelines   [redacted] acre parcel exceeds max 15 acres allowed per guidelines.  Missing approved Lender Exception. Borrower has job stability for 6.3 years as owner of his business.

With only one 30 day late on a secured account [redacted], all accounts are paid as agreed and no public records

Credit score is [redacted], 31 points > program requirement of 680

[redacted]%/[redacted]% DTI on this 12 month bank statement documentation loan < 43% guideline max		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-14): Lender exception approval for the [redacted] acres over the program maximum of [redacted] acres with the attached compensating factors.


Buyer Comment (2019-06-14): Please see Approved Exception
     06/10/2019 2 B   PA Primary Purchase   C B C B B B A A Non QM Non QM No
216127730 XXX XXX   23237763     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Escrowed Property Costs Year 1 -  October 2018 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Due to the CD collected school tax pf [redacted] a month and property taxes of [redacted] a month however bills in file reflect property taxes of [redacted] a month and school tax of [redacted] a month.       Reviewer Comment (2019-06-14): [redacted] received PCCD. The Final CD is consistent with amounts on IEADS. Exception Cleared.


Buyer Comment (2019-06-14): Please see PCCD, LOX, LABEL


Reviewer Comment (2019-06-14): Amounts confirmed and should be reflected as School tax [redacted]. County tax[redacted]. Flood [redacted]. HOI [redacted] total [redacted] or ,[redacted] annually.
 06/11/2019     1 A   PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM No
216127730 XXX XXX   23237764     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan. Due to the CD collected school tax pf [redacted] a month and property taxes of [redacted] a month however bills in file reflect property taxes of [redacted] a month and school tax of [redacted] a month.       Reviewer Comment (2019-06-14): [redacted] received PCCD. The Final CD is consistent with amounts on IEADS. Exception Cleared.


Buyer Comment (2019-06-14): Please see PCCD, LOX, LABEL


Reviewer Comment (2019-06-14): Amounts confirmed and should be reflected as School tax [redacted]. County tax[redacted]. Flood [redacted]. HOI [redacted] total [redacted] or ,[redacted] annually.
 06/11/2019     1 A   PA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B B B A A Non QM Non QM No
216127730 XXX XXX   23237765     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. Due to the CD collected school tax pf [redacted] a month and property taxes of [redacted] a month however bills in file reflect property taxes of [redacted] a month and school tax of [redacted] a month.       Reviewer Comment (2019-06-14): [redacted] received PCCD. The Final CD is consistent with amounts on IEADS. Exception Cleared.


Buyer Comment (2019-06-14): Please see PCCD, LOX, LABEL


Reviewer Comment (2019-06-14): Amounts confirmed and should be reflected as School tax [redacted]. County tax[redacted]. Flood [redacted]. HOI [redacted] total [redacted] or ,[redacted] annually.
 06/11/2019     1 A   PA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B B B A A Non QM Non QM No
216127730 XXX XXX   23237766     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. Due to the CD collected school tax pf [redacted] a month and property taxes of [redacted] a month however bills in file reflect property taxes of [redacted] a month and school tax of [redacted] a month.       Reviewer Comment (2019-06-14): [redacted] received PCCD. The Final CD is consistent with amounts on IEADS. Exception Cleared.


Buyer Comment (2019-06-14): Please see PCCD, LOX, LABEL


Reviewer Comment (2019-06-14): Amounts confirmed and should be reflected as School tax [redacted]. County tax[redacted]. Flood [redacted]. HOI [redacted] total [redacted] or ,[redacted] annually.
 06/11/2019     1 A   PA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B B B A A Non QM Non QM No
216127730 XXX XXX   23237767     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. Due to the CD collected school tax pf [redacted] a month and property taxes of [redacted] a month however bills in file reflect property taxes of [redacted] a month and school tax of [redacted] a month.       Reviewer Comment (2019-06-14): [redacted] received PCCD. The Final CD is consistent with amounts on IEADS. Exception Cleared.


Buyer Comment (2019-06-14): Please see PCCD, LOX, LABEL


Reviewer Comment (2019-06-14): Amounts confirmed and should be reflected as School tax [redacted]. County tax[redacted]. Flood [redacted]. HOI [redacted] total [redacted] or ,[redacted] annually.
 06/11/2019     1 A   PA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B B B A A Non QM Non QM No
216127730 XXX XXX   23237768     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. Due to the CD collected school tax pf [redacted] a month and property taxes of [redacted] a month however bills in file reflect property taxes of [redacted] a month and school tax of [redacted] a month.       Reviewer Comment (2019-06-14): [redacted] received PCCD. The Final CD is consistent with amounts on IEADS. Exception Cleared.


Buyer Comment (2019-06-14): Please see PCCD, LOX, LABEL


Reviewer Comment (2019-06-14): Amounts confirmed and should be reflected as School tax [redacted]. County tax[redacted]. Flood [redacted]. HOI [redacted] total [redacted] or ,[redacted] annually.
 06/11/2019     1 A   PA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B B B A A Non QM Non QM No
216127731 XXX XXX   23237752     Credit Credit Credit Documentation Credit Insufficient Verification of Rental History.   10 Months of  rental payment history vs program requirement of most recent 12 months documented housing payment history.  Approved Lender Exception in file. Perfect credit history with never a late payment going back to earliest account inception date of [redacted] and no public records.

[redacted]% DTI on this Alt documentation loan < 43% guideline max - [redacted]% below program guideline maximum

Perfect credit history with no late payment going back to earliest account inception date of [redacted] and no public records.

Borrower has been self-employed [redacted] for the past 4 years and has been in the same line of work for the past 8 years.

[redacted] months of reserves, [redacted] months > program requirement of 3 months.

Credit score is [redacted], 65 points > program requirement of 680.

LTV is [redacted]%, 20% < program maximum of 90%.		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-14): Client has elected to waive this exception based on compensating factors.
     06/07/2019 2 B   TX Primary Purchase   C B C B C B A A Non QM Non QM No
216127731 XXX XXX   23237754     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Tax Certificate Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Tax Certificate Fee Amount of $[redacted] exceeds tolerance of $0.00. No cure was provided to the borrower       Reviewer Comment (2019-06-14): [redacted] received Letter of Explanation & Corrected Closing Disclosure, exception is cured.
   06/10/2019   2 B   TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM No
216127731 XXX XXX   23237755     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.03770% or Final Disclosure APR of 6.04500% is in excess of allowable threshold of APOR 4.11% + 1.5%, or 5.61000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-06-14): Client purchases HPML compliant loans.
     06/07/2019 1 A   TX Primary Purchase   C B C B C B A A Non QM Non QM No
216127731 XXX XXX   23237756     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. Final CD did not reflect an amount by which the fees exceeded the legal limit yet the fees increased by $[redacted] without evidence of cost to cure.       Reviewer Comment (2019-06-14): [redacted] received Letter of Explanation & Corrected Closing Disclosure, exception is cured.
   06/10/2019   2 B   TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127731 XXX XXX   23237757     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Tax Certificate Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower. [redacted] received Letter of Explanation & Corrected Closing Disclosure, exception is cured.       Reviewer Comment (2019-06-14): [redacted] received Letter of Explanation & Corrected Closing Disclosure, exception is cured.
   06/10/2019   2 B   TX Primary Purchase   C B C B C B A A Non QM Non QM No
216127732 XXX XXX   23237770     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.09360% or Final Disclosure APR of 7.14500% is in excess of allowable threshold of APOR 4.58% + 1.5%, or 6.08000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-06-14): Client purchases HPML compliant loans.
     06/12/2019 1 A   CA Primary Purchase   B B A A B B A A Non QM Non QM No
216127732 XXX XXX   23237771     Compliance Compliance State Compliance State HPML (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) [redacted] Higher-Priced Loan: APR on subject loan of 7.09360% or Final Disclosure APR of 7.14500% is in excess of allowable threshold of APOR 4.58% + 1.5%, or 6.08000%.  Compliant Higher Priced Loan.         Reviewer Comment (2019-06-14): Client purchases HPML compliant loans.
     06/12/2019 1 A   CA Primary Purchase Based on the loan being a compliant California HPML, with no violations of prohibited practices, borrower choice letter is not required for cure given there are no further actions to be taken to make the loan compliant.  Loan may be cured so the loan is no longer an HPML as follows:

Within 90 days of closing: (1) notify borrower; (2) copy of refund check for overage so the loan is no longer HPML; and (3) proof of delivery.

(Narrow Defense - CHD Approval Required):  Within 120 days of discovery or receipt of complaint, which compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintanence of procedures reasonably adapted to avoid such errors, the creditor provides: (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how higher-priced loan was made despite procredures to prevent); and (ii) the lender has not received any notice from borrower of the failure; (2) notification to borrower; (3) copy of refund check for overage so the loan is no longer HPML; and (4) proof of delivery.		 B B A A B B A A Non QM Non QM No
216127732 XXX XXX   23237772     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Prepaid Property Tax Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [redacted] did not disclose number of months for Property Tax under Prepaids. Final Closing Disclosure provided on [redacted] did not disclose number of months for Property Tax under Prepaids       Buyer Comment (2019-06-14): [redacted] has elected to waive this exception.
     06/12/2019 2 B   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM No
216127732 XXX XXX   23237773     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - Anti-Steering Disclosure Not Provided:  Unable to determine Anti-Steering compliance/Safe Harbor Loan Originator Compensation:  Anti-Steering - Unable to determine Safe Harbor due to Anti-Steering Disclosure not provided to borrower. Missing evidence borrower was provided a copy of the Anti Steering Disclosure at time of application.       Buyer Comment (2019-06-14): [redacted] has elected to waive this exception.
     06/12/2019 2 B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
216127733 XXX XXX   23237774     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.           Reviewer Comment (2019-06-21): Received the Final Title Policy with coverage that matches the loan amount.


Buyer Comment (2019-06-21): title policy
 06/14/2019     1 A   NV Second Home Purchase   C B C B C B C A Non QM Non QM No
216127733 XXX XXX   23237775     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.           Reviewer Comment (2019-06-21): Received the Final Title Policy
 06/14/2019     1 A   NV Second Home Purchase   C B C B C B C A Non QM Non QM No
216127733 XXX XXX   23237776     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to go in a securitization and reflects only one valuation product when two are required.           Reviewer Comment (2019-06-21): Rec'd CDA.
 05/07/2019     1 A   NV Second Home Purchase   C B C B C B C A Non QM Non QM No
216127733 XXX XXX   23237777     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: Borrower: [redacted] Missing documentation from employer specifically stating if [redacted] is self-employed or an employee (letters in file appear to state both).  Must also state specific [redacted] (YTD) income (letters in file do not provide specific amounts). [redacted]% DTI  < 50% guideline max

$[redacted] residual income.		   Originator

Originator		 Reviewer Comment (2019-06-21): Rec'd exception allowing use of employer letter without breakdown of specific annual earnings.
     06/10/2019 2 B   NV Second Home Purchase   C B C B C B C A Non QM Non QM No
216127733 XXX XXX   23237778     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Missing necessary income docs to determine proper ATR diligence.       Reviewer Comment (2019-06-21): Rec'd verification of employment.


Buyer Comment (2019-06-21): please see upload


Reviewer Comment (2019-06-21): Unable to waive.


Reviewer Comment (2019-06-21): Ok to waive per client.
 06/10/2019     1 A   NV Second Home Purchase Lender to provide updated ATR/QM status C B C B C B C A Non QM Non QM No
216127733 XXX XXX   23237779     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Wages Ability to Repay (Dodd-Frank 2014): Unable to verify Wages/W-2 income using reasonably reliable third-party records. ([redacted]) Missing proper income documentation.       Reviewer Comment (2019-06-21): Rec'd verification of employment.


Buyer Comment (2019-06-21): please see upload
 06/10/2019     1 A   NV Second Home Purchase   C B C B C B C A Non QM Non QM No
216127733 XXX XXX   23237780     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Missing proper income documentation.       Reviewer Comment (2019-06-21): Rec'd verification of employment.
 06/10/2019     1 A   NV Second Home Purchase   C B C B C B C A Non QM Non QM No
216127733 XXX XXX   23237781     Compliance Compliance State Compliance State Defect Nevada Home Loan (Ability to Repay not Verified) [redacted] Home Loan:  File does not contain evidence that analysis of borrower's ability to repay was performed based on verified income, obligations, assets, and/or employment. Missing form specific to Nevada for ability to repay.       Reviewer Comment (2019-06-21): Rec'd disclosure.
 05/16/2019     1 A   NV Second Home Purchase   C B C B C B C A Non QM Non QM No
216127733 XXX XXX   23237782     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption. ([redacted]) Note indicates loan is assumable however CD states it is not.       Reviewer Comment (2019-06-21): Okay to waive per client.
     04/26/2019 2 B   NV Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B C A Non QM Non QM No
216127733 XXX XXX   23237783     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Summaries Of Transactions - Deposit TILA-RESPA Integrated Disclosure - Summaries of Transactions: Final Closing Disclosure provided on [redacted] disclosed a Deposit that does not match the Deposit from the Calculating Cash to Close table. ([redacted]) The CD indicates deposit amount of $[redacted].       Reviewer Comment (2019-06-21): Okay to waive per client.
     04/26/2019 2 B   NV Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B C A Non QM Non QM No
216127734 XXX XXX   23237785     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage of $[redacted] is less than loan amount $[redacted] and estimates cost new ($[redacted]x$[redacted]=$[redacted])       Reviewer Comment (2019-06-21): Replacement Cost Estimator provided.


Buyer Comment (2019-06-21): Please see the Replacement Cost Estimator uploaded for you review.
 06/20/2019     1 A   CA Primary Refinance - Cash-out - Debt Consolidation   C A C A B A A A Non QM Non QM No
216127734 XXX XXX   23237787     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.         Reviewer Comment (2019-06-21): Received notarized evidence of borrower's receipt of the appraisal. Condition cleared.


Buyer Comment (2019-06-21): Appraisal confirmation uploaded.
 06/10/2019     1 A   CA Primary Refinance - Cash-out - Debt Consolidation   C A C A B A A A Non QM Non QM No
216127734 XXX XXX   23237788     Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Qualifying interest rate discrepancy.   Approval disclosed a qualifying rate of[redacted]%.  Note rate is 4.785.  Fully indexed is 5.916.  Per guidelines, add .875 to the higher.  Qualifying rate is[redacted]%.       Reviewer Comment (2019-06-21): Qualifying rate worksheet provided.


Buyer Comment (2019-06-21): The guidelines being referenced are written to the Correspondent Lender that may not have their system mapped similar to the [redacted] overlays/systemic calculations.  The calculation worksheet provided is built out to match regulatory compliance requirements, please review of clearance.


Reviewer Comment (2019-06-21): Received Lender's base qualifying interest rate worksheet. Per the guides on qualification item (7/1 ARM): The applicable base interest rate would be the fully indexed rate of [redacted]% with an IO provision which requires an additional .[redacted]% be added to the base interest rate. This would make the base qualifying interest rate [redacted]%.


Buyer Comment (2019-06-21): Qualifying calculations uploaded for your review.
 06/18/2019     1 A   CA Primary Refinance - Cash-out - Debt Consolidation   C A C A B A A A Non QM Non QM No
216127735 XXX XXX   23237803     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-06-21): [redacted] has elected to waive this exception.
     06/13/2019 2 B   FL Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
216127735 XXX XXX   23237804     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of $[redacted] on Final Closing Disclosure provided on [redacted] not accurate. Valuation reflects a monthly expense for HOA of $[redacted], final disclosure reflects a calculated total of $[redacted]       Reviewer Comment (2019-06-21): Letter of Explanation & Corrected Closing Disclosure provided


Buyer Comment (2019-06-21): See attached PCCD, LOX and Label.
   06/17/2019   2 B   FL Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
216127736 XXX XXX   23237800     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-06-21): [redacted] has elected to waive this exception.
     06/14/2019 2 B   FL Primary Purchase   C B C B B B A A Non QM Non QM No
216127736 XXX XXX   23237801     Credit Credit Miscellaneous Guideline Credit Exception:   Borrower has been a [redacted] for the past 4 years and opened her own practice, [redacted], on [redacted] ( 16 months ago) vs program requirement that the borrower must have been continually self-employed for two tears. :Lender acknowledged. Four open mortgages reporting 0X30 since inception [redacted].  Borrower has perfect credit dating back to earliest inception date [redacted].  No public records.

LTV is [redacted]%, 25% < program maximum of 90%.

Reserves are [redacted] months, 75.92 months > program requirement of 9 months (3 months plus three mortgages investment properties owned).

Credit score is [redacted], 104 points > program requirement of 680.

DTI is [redacted]%, [redacted]% < program maximum of 43%		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-21): Client has elected to waive this exception based on compensating factors.
     06/13/2019 2 B   FL Primary Purchase   C B C B B B A A Non QM Non QM No
216127737 XXX XXX   23237791     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 6.96990% or Final Disclosure APR of 7.01800% is in excess of allowable threshold of APOR 4.62% + 1.5%, or 6.12000%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-06-21): Client purchases HPML compliant loans.
     06/12/2019 1 A   FL Primary Purchase   C B C A C B A A Non QM Non QM No
216127737 XXX XXX   23237792     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-06-21): [redacted] has elected to waive this exception.
     06/12/2019 2 B   FL Primary Purchase   C B C A C B A A Non QM Non QM No
216127737 XXX XXX   23237793     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. The final CD did not provide a tolerance cure for the increase to the Survey Fee.       Reviewer Comment (2019-06-21): [redacted] reviewed exception. Exception Cleared.
 06/17/2019     1 A   FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
216127737 XXX XXX   23237794     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. The Survey Fee was added to the CD issued on [redacted] without a valid change of circumstance.       Reviewer Comment (2019-06-21): [redacted] reviewed exception. Exception Cleared.


Buyer Comment (2019-06-21): Profit and Loss statements for review, Initial LE has survey fee
 06/17/2019     1 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 C A C B A A Non QM Non QM No
216127737 XXX XXX   23237796     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Per lender's analysis, usability factor was based on profit margin of P&L.  P&L was not provided.       Reviewer Comment (2019-06-21): Profit and Loss statements provided.


Buyer Comment (2019-06-21): Profit and Loss statements for review


Reviewer Comment (2019-06-21): P&L not provided in trailing docs.


Buyer Comment (2019-06-21): Initial LE list a Survey Fee Please review
 06/17/2019     1 A   FL Primary Purchase   C B C A C B A A Non QM Non QM No
216127737 XXX XXX   23237797     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Summaries Of Transactions - Closing Costs Paid At Closing TILA-RESPA Integrated Disclosure - Summaries of Transactions: Final Closing Disclosure provided on [redacted] disclosed a Closing Costs Paid at Closing that does not match the Total Closing Costs (Borrower-Paid) from page 2. The difference is the lender credit.       Buyer Comment (2019-06-21): [redacted] has elected to waive this exception
     06/17/2019 2 B   FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
216127737 XXX XXX   23237798     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Fee Terminology TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on [redacted] did not use the same fee terminology as the Loan Estimate. The LEs disclosed Title-Survey Fee and CDs indicate title as Survey Fee.       Buyer Comment (2019-06-21): [redacted] has elected to waive this exception
     06/17/2019 2 B   FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
216127743 XXX XXX   23237808     Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing evidence borrower was provided a copy of the Home Loan Toolkit Disclosure at time of application.       Buyer Comment (2019-06-25): [redacted] has elected to waive this exception.
     06/13/2019 2 B   NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
216127743 XXX XXX   23237809     Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within three (3) business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. E-sign consent in file signed by borrower [redacted], but initial LE e-signed [redacted].       Reviewer Comment (2019-06-25): [redacted] received the e-consent dated [redacted].


Buyer Comment (2019-06-25): Econsent provided dated [redacted]
 06/13/2019     1 A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
216127743 XXX XXX   23237810     Compliance Compliance Federal Compliance TRID TRID Loan Estimate Esign Consent Agreement Timing ESIGN Act - Loan Estimate provided on [redacted] was electronically provided prior to borrower's consent to receive electronic disclosures.  Disclosure will not be used to rebaseline for tolerance purposes and may result in disclosure timing violations. E-sign consent in file signed by borrower [redacted], but initial LE e-signed [redacted].       Reviewer Comment (2019-06-25): [redacted] received the E-consent dated [redacted].


Buyer Comment (2019-06-25): Econsent provided dated [redacted]
 06/13/2019     1 A   NY Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
216127744 XXX XXX   23237844     Credit Missing Document General Missing Document Missing Document: Borrower Ability to Repay Attestation not provided           Reviewer Comment (2019-06-25): [redacted] received the ATR attestation signed and dated [redacted].


Buyer Comment (2019-06-25): Attestation provided
 06/14/2019     1 A   IL Primary Purchase   C B C A C B A A Non QM Non QM No
216127744 XXX XXX   23237846     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.09190% or Final Disclosure APR of 7.15400% is in excess of allowable threshold of APOR 4.10% + 1.5%, or 5.60000%.  Non-Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-06-25): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-06-25): See trailing document
 06/14/2019     1 A   IL Primary Purchase   C B C A C B A A Non QM Non QM No
216127744 XXX XXX   23237847     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower.         Buyer Comment (2019-06-25): [redacted] has elected to waive this exception.
     06/13/2019 2 B   IL Primary Purchase   C B C A C B A A Non QM Non QM No
216127744 XXX XXX   23237848     Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Timing ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. Evidence of earlier receipt missing from file.       Reviewer Comment (2019-06-25): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-06-25): See trailing document
 06/14/2019     1 A   IL Primary Purchase   C B C A C B A A Non QM Non QM No
216127744 XXX XXX   23237849     Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - HPML Timing HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. Evidence of earlier receipt missing from file.       Reviewer Comment (2019-06-25): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-06-25): Disclosure provided
 06/14/2019     1 A   IL Primary Purchase   C B C A C B A A Non QM Non QM No
216127744 XXX XXX   23237850     Compliance Compliance Federal Compliance TRID TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. Evidence of earlier receipt missing from file.       Buyer Comment (2019-06-25): [redacted] has elected to waive this exception.
     06/13/2019 2 B   IL Primary Purchase   C B C A C B A A Non QM Non QM No
216127744 XXX XXX   23237851     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. Not provided, field blank on CD.  No cure provided for overages.       Buyer Comment (2019-06-25): [redacted] has elected to waive this exception.
     06/13/2019 2 B   IL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
216127744 XXX XXX   23237852     Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing from file.       Reviewer Comment (2019-06-25): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-06-25): Disclosure provided
 06/14/2019     1 A   IL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216127744 XXX XXX   23237853     Compliance Compliance Federal Compliance TRID Defect TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. Evidence of earlier receipt missing from file, one and only LE received.       Reviewer Comment (2019-06-25): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-06-25): Initial LE provided
 06/14/2019     1 A   IL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216127744 XXX XXX   23237854     Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Missing from file.       Reviewer Comment (2019-06-25): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-06-25): SSPL provided
 06/14/2019     1 A   IL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216127744 XXX XXX   23237855     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Abstract / Title Search.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. No cure provided for overage, chain of title fee added without VCC.       Reviewer Comment (2019-06-25): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-06-25): See SSPL provided
 06/14/2019     1 A   IL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127744 XXX XXX   23237856     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. No cure provided for overage, settlement fee added without VCC.       Reviewer Comment (2019-06-25): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-06-25): See SSPL provided
 06/14/2019     1 A   IL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127744 XXX XXX   23237857     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Wire /Funding/ Disbursement Fee.  Fee Amount of $40.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. No cure provided for overage, wire transfer fee added without VCC.       Reviewer Comment (2019-06-25): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-06-25): See SSPL provided
 06/14/2019     1 A   IL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127744 XXX XXX   23237858     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Title Update.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. No cure provided for overage, title update fee added without VCC.       Reviewer Comment (2019-06-25): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-06-25): See SSPL provided
 06/14/2019     1 A   IL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127744 XXX XXX   23237859     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. No cure provided for overage, endorsement fee added without VCC.       Reviewer Comment (2019-06-25): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-06-25): See SSPL provided
 06/14/2019     1 A   IL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127744 XXX XXX   23237860     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Payment Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. No cure provided for overage, tax payment fee added without VCC.       Reviewer Comment (2019-06-25): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-06-25): See SSPL provided
 06/14/2019     1 A   IL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
216127747 XXX XXX   23237873     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Verified assets of $[redacted] are insufficient to cover the cash borrower paid to close the subject loan of $[redacted].       Reviewer Comment (2019-06-27): Finally received updated [redacted] account printout to verify sufficient assets to close.


Buyer Comment (2019-06-27): Please review the attached, the balance of [redacted] is $[redacted] before transferring the $[redacted]K to [redacted].


Reviewer Comment (2019-06-27): Received updated statement dated [redacted] for [redacted] which reflects transfers to [redacted] that total $[redacted]. There's a $[redacted] transfer to account #[redacted]however, bank statements for this account were not provided in the file. Updated balances for the borrower's 3 verified accounts now total $[redacted], which is still insufficient to cover the closing funds of $[redacted]. Two months of statements to verify account #[redacted]is owned by the borrower, or proof the $[redacted] was transferred to one of the accounts verified in the file is still required to clear this exception.


Buyer Comment (2019-06-27): per the attached, the balance of [redacted] is $[redacted] before transferring the $[redacted]K to [redacted].


Buyer Comment (2019-06-27): feb [redacted] statement


Buyer Comment (2019-06-27): most recent [redacted] statements.


Reviewer Comment (2019-06-27): Received additional bank account statements and duplicate statements for [redacted] and[redacted] that were already in the file. Updated assets total $[redacted] which is still insufficient to cover the cash borrower paid to close the subject loan of $[redacted].


Buyer Comment (2019-06-27): assets
 06/25/2019     1 A   CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
216127747 XXX XXX   23237875     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of 4.04371% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $[redacted] on a Federal Total Loan Amount of $[redacted] vs. an investor allowable total of $[redacted] (an overage of $[redacted] or 1.04371%). Points and Fees for subject loan of[redacted]% exceed the[redacted]% allowable maximum of the Federal total loan amount of $[redacted]  and points and fees totaling $[redacted] exceed the allowable maximum of $[redacted]  which is an overage of $[redacted] or[redacted]%.       Buyer Comment (2019-06-27): please waive
     06/13/2019 2 B   CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
216127747 XXX XXX   23237876     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption. Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption.       Reviewer Comment (2019-06-27): Waived per client request.
     06/04/2019 2 B   CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127747 XXX XXX   23237877     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Verified reserves after closing of $0.00 are insufficient to cover the guideline requirement of 6 months of reserves. Borrower has owned the subject property for 19.5 years   Originator Reviewer Comment (2019-06-27): Lender approved an exception to waive the [redacted] months of required reserves with [redacted] verified compensating factor.


Buyer Comment (2019-06-27): reserve exception
     06/13/2019 2 B   CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
216127747 XXX XXX   23237878     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Credit report does not reflect a current mortgage history and file is missing a VOM from [redacted] to verify a mortgage history of no more than 1x30 in the prior 12 months, as required by [redacted] Bank Statement guidelines. Per CPA letter, borrower has been self-employed since [redacted]

Borrower has owned the subject property for 19.5 years		   Originator

Originator		 Reviewer Comment (2019-06-27): Lender approved exception to allow [redacted] months mortgage history.


Buyer Comment (2019-06-27): exception


Reviewer Comment (2019-06-27): Received a pay history for [redacted] months; guidelines require [redacted] months. An additional month of payment or documentation to verify the loan was obtained [redacted] months prior to the subject loan closing date is required to clear this exception.


Buyer Comment (2019-06-27): vom
     06/25/2019 2 B   CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
216127747 XXX XXX   23237881     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Due to a DTI of [redacted]%, the subject loan designation is ATR Fail.       Reviewer Comment (2019-06-27): Lender approved exception to allow a DTI up to [redacted]%.


Reviewer Comment (2019-06-27): See revised DTI exception.


Buyer Comment (2019-06-27): please see upload
 06/25/2019     1 A   CA Primary Refinance - Cash-out - Debt Consolidation Lender to provide updated ATR/QM Loan Designation C B C B C B A A Non QM Non QM No
216127747 XXX XXX   23237882     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. Due to a DTI of [redacted]%, the subject loan designation is ATR Fail.       Reviewer Comment (2019-06-27): Lender approved exception to allow a DTI up to [redacted]%.


Buyer Comment (2019-06-27): please see upload for dti exception to [redacted]%
 06/25/2019     1 A   CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
216127747 XXX XXX   23237883     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Borrower was qualified with a P&I payment of $[redacted] for the subject interest-only loan however, the payment at the fully amortized payment at the greater of the fully indexed or the note rate is $[redacted]. In addition, the [redacted] bank statement for [redacted] reflects deposit transfers that came from account [redacted] and account [redacted] totaling $[redacted]. These accounts were not verified in the file and the lender did not deduct the transfers from the qualifying personal bank statement income. This results in a DTI of [redacted]%, which exceeds the guideline maximum DTI of [redacted]%. Per CPA letter, borrower has been self-employed since [redacted]

Borrower has owned the subject property for 19.5 years		   Originator

Originator		 Reviewer Comment (2019-06-27): Lender approved exception to allow a DTI up to [redacted]%.


Buyer Comment (2019-06-27): please see upload for dti exception
     06/25/2019 2 B   CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
216127747 XXX XXX   23237884     Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted]% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) Borrower was qualified with a P&I payment of $[redacted] for the subject interest-only loan however, the payment at the fully amortized payment at the greater of the fully indexed or the note rate is $[redacted]. In addition, the [redacted] bank statement for [redacted] reflects deposit transfers that came from account [redacted] and account [redacted] totaling $[redacted]. These accounts were not verified in the file and the lender did not deduct the transfers from the qualifying personal bank statement income. This results in a DTI of [redacted]%, which exceeds the guideline maximum DTI of [redacted]%. Per CPA letter, borrower has been self-employed since [redacted]

Borrower has owned the subject property for 19.5 years		   Originator

Originator		 Reviewer Comment (2019-06-27): Lender approved exception to allow a DTI up to [redacted]%.


Buyer Comment (2019-06-27): dti exception
     06/25/2019 2 B   CA Primary Refinance - Cash-out - Debt Consolidation   C B C B C B A A Non QM Non QM No
216127748 XXX XXX   23237912     Compliance Compliance Federal Compliance TRID TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. Borrower was not provided with Servicing Disclosure within 3 days of application       Reviewer Comment (2019-07-03): Initial LE provided
 06/24/2019     1 A   CA Primary Purchase   C B A A C B A A Non QM Non QM No
216127748 XXX XXX   23237913     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. Final Closing Disclosure provided an incorrect amount that the Total Closing Costs exceeded the legal limit       Buyer Comment (2019-07-03): [redacted] has elected to waive
     06/21/2019 2 B   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
216127748 XXX XXX   23237914     Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. Loan Estimate not provided with 3 business days of application       Reviewer Comment (2019-07-03): Initial LE provided
 06/24/2019     1 A   CA Primary Purchase   C B A A C B A A Non QM Non QM No
216127748 XXX XXX   23237915     Compliance Compliance Federal Compliance TRID Defect TRID Loan Estimate Seven Day Waiting Period TILA-RESPA Integrated Disclosure: Loan Estimate was not delivered or placed in the mail to the borrower at least seven (7) business days prior to closing. Loan Estimate was not provided to borrower at lest 7 days before clsoing       Reviewer Comment (2019-07-03): Initial LE provided


Buyer Comment (2019-07-03): Please see uploaded LE
 06/24/2019     1 A   CA Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
216127748 XXX XXX   23237916     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Service Charges.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Title Service Charges fee amount of $[redacted] exceeds tolerance of $0.00. No cure was provided to the borrower       Reviewer Comment (2019-07-03): Confirmed borrower shopped for title fees. - No tolerance testing


Buyer Comment (2019-07-03): Please see uploaded LEs
 06/24/2019     1 A   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM No
216127751 XXX XXX   23237887     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.14170% or Final Disclosure APR of 7.18100% is in excess of allowable threshold of APOR 4.58% + 1.5%, or 6.08000%.  Non-Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2019-07-03): [redacted] received the LE's.


Buyer Comment (2019-07-03): See trailing documents
 06/27/2019     1 A   PA Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
216127751 XXX XXX   23237888     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower.         Buyer Comment (2019-07-03): [redacted] has elected to waive this exception.
     06/27/2019 2 B   PA Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
216127751 XXX XXX   23237889     Compliance Compliance Federal Compliance TILA ARM Disclosure Status Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower.         Reviewer Comment (2019-07-03): [redacted] received the ARM disclosure dated [redacted].


Buyer Comment (2019-07-03): Loan type changed with COC


Buyer Comment (2019-07-03): ARM disclosure provided
 06/27/2019     1 A   PA Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B A A C B A A Non QM Non QM No
216127751 XXX XXX   23237890     Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Status TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower.         Reviewer Comment (2019-07-03): [redacted] received the CHARM disclosure dated [redacted].


Buyer Comment (2019-07-03): ARM disclosure page [redacted] reflects acknowledgment of receipt of CHARM booklet


Buyer Comment (2019-07-03): See trailing documents provided
 06/27/2019     1 A   PA Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B A A C B A A Non QM Non QM No
216127751 XXX XXX   23237891     Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. The Disclosure or the LE were not provided.       Buyer Comment (2019-07-03): [redacted] has elected to waive this exception.
     06/27/2019 2 B   PA Primary Refinance - Cash-out - Debt Consolidation Good faith redisclosure C B A A C B A A Non QM Non QM No
216127751 XXX XXX   23237892     Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - HPML Status HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. The Disclosure or the LE were not provided.       Reviewer Comment (2019-07-03): Appraisal Disclosure provided as well as initial and final LE.


Buyer Comment (2019-07-03): Appraisal disclosure provided
 06/27/2019     1 A   PA Primary Refinance - Cash-out - Debt Consolidation Good faith redisclosure C B A A C B A A Non QM Non QM No
216127751 XXX XXX   23237893     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 three (3) business days prior to closing. The CD was provided at closing.       Reviewer Comment (2019-07-03): Initial CD provided.


Buyer Comment (2019-07-03): Initial CD provided
 06/27/2019     1 A   PA Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B A A C B A A Non QM Non QM No
216127751 XXX XXX   23237894     Compliance Compliance Federal Compliance TRID Defect TILA-RESPA Integrated Disclosure: application date on or after 10/3/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[redacted] may be required. Missing the LE's from file.       Reviewer Comment (2019-07-03): Initial and final LEs provided, along with initial CD and a COC for rate lock.


Buyer Comment (2019-07-03): COC and SSPL also provided


Buyer Comment (2019-07-03): Econsent and LE's provided
 06/27/2019     1 A   PA Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B A A C B A A Non QM Non QM No
216127751 XXX XXX   23237895     Compliance Compliance Federal Compliance TRID TRID Servicing Disclosure Timing File does not evidence the consumer was provided with the Servicing Disclosure within 3 days of the loan application date. The Disclosure provided at application or the LE were not provided.  The file contained the Disclosure provided at closing.       Buyer Comment (2019-07-03): [redacted]has elected to waive this exception.
     06/27/2019 2 B   PA Primary Refinance - Cash-out - Debt Consolidation   C B A A C B A A Non QM Non QM No
216127751 XXX XXX   23237896     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption. The final CD disclosed that the loan is not assumable; the Note disclosed that the loan is assumable.       Buyer Comment (2019-07-03): [redacted] has elected to waive this exception.
     06/27/2019 2 B   PA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
216127751 XXX XXX   23237897     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Closing Costs Financed TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed Closing Costs Financed that does not match actual amount of closing costs financed. The final CD disclosed Closing Costs Financed as $0; calculated is [redacted]       Buyer Comment (2019-07-03): [redacted] has elected to waive this exception.
     06/27/2019 2 B   PA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
216127751 XXX XXX   23237898     Compliance Compliance Federal Compliance TILA ARM Disclosure Timing Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application.         Reviewer Comment (2019-07-03): Loan was disclosed as a fixed rate at time of application per LE  and COC changed to ARM on[redacted]ame day as Disclosure dated [redacted].
 06/27/2019     1 A   PA Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B A A C B A A Non QM Non QM No
216127751 XXX XXX   23237899     Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Timing TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower within three (3) days of application.         Reviewer Comment (2019-07-03): Loan was disclosed as a fixed rate at time of application per LE  and COC changed to ARM on[redacted]ame day as Disclosure dated [redacted].
 06/27/2019     1 A   PA Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C B A A C B A A Non QM Non QM No
216127751 XXX XXX   23237900     Compliance Compliance Federal Compliance TRID TRID Alternate Table Usage TILA-RESPA Integrated Disclosure - Costs at Closing/ Calculating Cash to Close: Alternate tables not used consistently throughout the transaction. Alternate tables (with and without seller) were used with LEs and CDs.       Buyer Comment (2019-07-03): [redacted] has elected to waive this exception.
     06/27/2019 2 B   PA Primary Refinance - Cash-out - Debt Consolidation Good Faith Redisclosure C B A A C B A A Non QM Non QM No
216127754 XXX XXX   23237952     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception provided to allow business funds to be used for down payment without a signed CPA letter to confirmed business will not be negatively effected Tradelines paid as agreed with only 1 revolving 30 day late [redacted]

[redacted] months reserves > 3 months guideline minimum

Borrower has employment stability for 6.35 years in the [redacted]

[redacted]% DTI on this Bank Statement documentation loan < [redacted]% guideline max - [redacted]% below program guideline maximum

[redacted] representative FICO score > 680 guideline minimum - 79 points above guideline minimum		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-07-03): Client has elected to waive this exception based on compensating factors.
     06/24/2019 2 B   CO Primary Purchase   C B C B A A A A Non QM Non QM No
216127761 XXX XXX   23237985     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Appraisal provided [redacted] prior to report date [redacted].       Buyer Comment (2019-07-03): [redacted]has elected to waive this exception.
     06/17/2019 2 B   HI Primary Purchase   C B C B B B A A Non QM Non QM No
216127761 XXX XXX   23237987     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [redacted] disclosed a Closing Date that did not match the actual date of consummation. The final CD disclosed a closing date of [redacted]; documents were signed on [redacted].       Buyer Comment (2019-07-03): [redacted]has elected to waive this exception.
     06/17/2019 2 B   HI Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM No
216127761 XXX XXX   23237988     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Total Closing Costs Exceeds Limits Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. Page 2 of the final CD disclosed a tolerance cure of $[redacted] in Section J; however, the Calculating Cash to Close table on page 3 did not disclose a tolerance cure.       Buyer Comment (2019-07-03): [redacted] has elected to waive this exception.
     06/17/2019 2 B   HI Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM No
216127761 XXX XXX   23237989     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. Page 2 of the final CD disclosed a tolerance cure of $[redacted] in Section J; however, the Calculating Cash to Close table on page 3 did not disclose a tolerance cure.       Buyer Comment (2019-07-03): [redacted] has elected to waive this exception.
     06/17/2019 2 B   HI Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM No
216127761 XXX XXX   23237991     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.             06/14/2019   1 A   HI Primary Purchase Final CD evidences Cure C B C B B B A A Non QM Non QM No
216127761 XXX XXX   23237992     Credit Credit Public Records Credit Public Records/Collections/Charge Off does not meet guidelines. - Foreclosure on an investment property completed 44 months ago ([redacted]) vs program requirement of no foreclosure over past 48 months at standard LTVs and reserves. Four open mortgages reporting paid as agreed.  Credit history reflects paid as agreed since foreclosure in [redacted].

Borrower is self-employed for 19 years - [redacted]

Credit score is [redacted], 58 points > program requirement of 660.		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-07-03): Client has elected to waive this exception based on compensating factors.
     06/14/2019 2 B   HI Primary Purchase   C B C B B B A A Non QM Non QM No
216127761 XXX XXX   23237993     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___.   Four open mortgages reporting paid as agreed.  Credit history reflects paid as agreed since foreclosure in [redacted].

Borrower is self-employed for 19 years - [redacted]

Credit score is [redacted], 58 points > program requirement of 660.		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-07-03): Per guidelines, 0x30 on all open mortgages. Waiving reserves requirements.


Buyer Comment (2019-07-03): Please review guideline Borrowers other mortgage on  Credit Report are all over [redacted] with 0X30 therefore additional reserves are not required.
     06/24/2019 2 B   HI Primary Purchase   C B C B B B A A Non QM Non QM No
216127763 XXX XXX   23238005     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction.         Buyer Comment (2019-07-03): [redacted] has elected to waive this exception.
     07/01/2019 2 B   FL Primary Purchase   B B B B B B A A Non QM Non QM No
216127763 XXX XXX   23238006     Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [redacted],  Most Recent Tax Return End Date [redacted], Tax Return Due Date [redacted]. Loan closed [redacted] -  Missing [redacted] Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns.       Buyer Comment (2019-07-03): [redacted] has elected to waive this exception.
     07/01/2019 2 B   FL Primary Purchase   B B B B B B A A Non QM Non QM No
216127763 XXX XXX   23238008     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception to allow IRS payment plan vs payment in full of taxes due. Payment plan is included in DTI. No public records

Borrower has been self-employed as [redacted] for the past 6 years

[redacted]% DTI < 43% guideline max

FICO is [redacted] > program requirement of 660		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-07-03): Client has elected to waive this exception based on compensating factors.
     07/01/2019 2 B   FL Primary Purchase   B B B B B B A A Non QM Non QM No
216127766 XXX XXX   23238016     Credit Missing Document General Missing Document Missing Document: Rent Comparison Schedule not provided   Borrower was qualified with rental income for the subject investment property however, the appraisal is missing the required Comparable Rent Schedule.       Reviewer Comment (2019-07-19): Received the subject property Comparable Rent Schedule.
 06/14/2019     1 A   CA Investment Refinance - Cash-out - Other   C B C B A A A A N/A N/A No
216127766 XXX XXX   23238017     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Per the income worksheet in the file, borrower was qualified with monthly Asset Depletion income of $[redacted] that was calculated using cash-out proceeds from the subject investment refinance. Per [redacted] Full Doc guidelines, cash-out proceeds are not listed as an eligible source for Asset Depletion income. Without this income, the DTI increased to [redacted]% and above the guideline maximum of 50%. Title Commitment verifies the borrower has owned the subject property since [redacted]

[redacted] representative FICO score > 680 guideline minimum - 64 points above guideline minimum		   Originator

Originator		 Reviewer Comment (2019-07-19): Client approved exception to allow cash-out proceeds from the subject investment cash-out refinance to be used for Asset Depletion income.


Buyer Comment (2019-07-19): exception
     06/25/2019 2 B   CA Investment Refinance - Cash-out - Other   C B C B A A A A N/A N/A No
216127766 XXX XXX   23238018     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Questionable Occupancy: Valuation occupancy differs from occupancy on loan approval. - Appraisal reflects the subject property as owner-occupied however, the subject loan is an investment cash-out refinance. Borrower signed an occupancy affidavit stating the property is an investment. A corrected appraisal will be required to clear this exception. [redacted] months reserves > 6 months guideline minimum

Title Commitment verifies the borrower has owned the subject property since [redacted]

[redacted] representative FICO score > 680 guideline minimum - 64 points above guideline minimum		   Originator

Originator

Originator		 Reviewer Comment (2019-07-19): Lender approved exception to allow the appraisal that reflects the subject investment property is owner-occupied.


Reviewer Comment (2019-07-19): Please provide a client approved exception with compensating factors to allow the appraisal that reflects the subject investment property is owner-occupied in lieu of an updated appraisal.


Buyer Comment (2019-07-19): The subject property is an investment, we have a lease and we have appraisal form 1007.  We have proof that the rental income is deposited in to an account other than the bank account being used for bank statement income.
     07/01/2019 2 B   CA Investment Refinance - Cash-out - Other   C B C B A A A A N/A N/A No
216127766 XXX XXX   23238019     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing:   Borrower was qualified with personal bank statement income however, the bank statement dated [redacted] is missing pages 2, 3 and 5. Upon receipt of the missing bank statement pages, additional conditions may apply. Title Commitment verifies the borrower has owned the subject property since [redacted]

[redacted] representative FICO score > 680 guideline minimum - 64 points above guideline minimum		   Originator

Originator		 Reviewer Comment (2019-07-19): Client approved exception to waive the missing pages of the bank statement dated [redacted].


Buyer Comment (2019-07-19): exception
     06/25/2019 2 B   CA Investment Refinance - Cash-out - Other   C B C B A A A A N/A N/A No
216127766 XXX XXX   23238020     Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Lease agreement for the subject investment property reflects a lease term from [redacted] through [redacted], and thereafter shall be month-to-month on the same terms as stated herein, save any changes lawfully made until terminated. No other documentation was provided to verify this lease is still active on the same terms. File contains a borrower explanation that states the rent payments are deposited to the non-borrowing spouse's Wells Fargo account however, the corresponding bank statements were not provided to verify receipt of rental income. Upon receipt of current rental income verification, additional conditions may apply.       Reviewer Comment (2019-07-19): Received borrower rental receipt explanation and non-borrowing spouse's bank statement that reflects a deposit of $[redacted] on [redacted] which equals [redacted] months of rent payments ($[redacted] x [redacted]).


Buyer Comment (2019-07-19): proof of rental income for subject
 06/25/2019     1 A   CA Investment Refinance - Cash-out - Other   C B C B A A A A N/A N/A No
216127768 XXX XXX   23238030     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Prepaid Other 1 Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [redacted] did not disclose number of months for [redacted] Property Taxes under Prepaids. The number of months is blank for [redacted] Property Taxes in Section F Prepaids.       Buyer Comment (2019-07-19): [redacted] has elected to waive this exception.
     06/27/2019 2 B   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM No
216127768 XXX XXX   23238031     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Prepaid Other 2 Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [redacted] did not disclose number of months for [redacted] Property Taxes under Prepaids. The number of months is blank for [redacted] Property Taxes in Section F Prepaids.       Buyer Comment (2019-07-19): [redacted] has elected to waive this exception.
     06/27/2019 2 B   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B B B A A Non QM Non QM No
216127768 XXX XXX   23238033     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Documented qualifying Assets for Closing of  ___ is less than Cash From Borrower ___. Provided CPA email cannot attest as to whether the use of business funds will affect the business negatively vs program requirement to obtain a statement from CPA stating that the withdrawal of funds will not have negative impact on the business.  Lender approved exception. No derogatory credit.

Borrowers have been self-employed as [redacted] for the past 5 years with 10 years in profession.

Reserves are [redacted] months, 21 months > program requirement of 3 months.

DTI is [redacted]%, [redacted]% < program maximum of 43%.

Credit score is [redacted], 36 points > program requirement of 680.		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-07-19): Client has elected to waive this exception based on compensating factors.
     06/27/2019 2 B   CA Primary Purchase   C B C B B B A A Non QM Non QM No
216127771 XXX XXX   23238044     Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___.   [redacted]% LTV

[redacted] months reserves > 6  months guideline minimum		   Originator

Originator		 Reviewer Comment (2019-07-19): Rec'd exception for credit score < guideline minimum.


Buyer Comment (2019-07-19): exception
     05/14/2019 2 B   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127771 XXX XXX   23238047     Credit Credit Credit Documentation Credit No evidence of fraud report in file Credit Report: Original // Borrower: [redacted]         Reviewer Comment (2019-07-19): Received Fraud Report


Buyer Comment (2019-07-19): FG for [redacted]uploaded now


Buyer Comment (2019-07-19): fraudguard uploaded
 05/06/2019     1 A   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127771 XXX XXX   23238050     Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [redacted], prior to three (3) business days from transaction date of [redacted]         Reviewer Comment (2019-07-30): Received required docs dated[redacted] to cure the date exception. Formerly received evidence that disbursement did not occur until after ROR expiration.


Reviewer Comment (2019-07-19): Client elects to waive as EV3/C


Reviewer Comment (2019-07-19): Received the borrowers final settlement statesmen, please provide a corrected cd with Letter of Explanation and Proof of Delivery.
   07/30/2019   2 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 B C B A A Non QM Non QM No
216127771 XXX XXX   23238051     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption. ([redacted]) The final CD discloses the loan is not assumable, the note contains assumption language.       Reviewer Comment (2019-07-19): Waive per client.
     01/23/2019 2 B   CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127771 XXX XXX   23238052     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [redacted] disclosed a Closing Date that did not match the actual date of consummation. ([redacted]) The Final CD shows the closing date is [redacted].  The borrower signed documents as of [redacted].  The Notary Date on the Deed of Trust is also [redacted].       Reviewer Comment (2019-07-19): Waive per client.
     01/23/2019 2 B   CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127771 XXX XXX   23238053     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Property Value TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [redacted] disclosed an Appraised Property Value that did not match the actual Property Value for the loan. ([redacted]) The Final CD shows the Property Value is based on the Appraised Property Value of $[redacted]The appraised value is $[redacted]Borrower purchased property less than one year ago for $[redacted]0.       Reviewer Comment (2019-07-19): The CD reflects the original purchase price of the property which was used to calculate LTV.
 12/05/2018     1 A   CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127771 XXX XXX   23238054     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7200) Discount points charged to borrower were disclosed on the Final CD only. There is no Changed Circumstance document provided for the addition of this fee.       Reviewer Comment (2019-07-19): Client elects to waive as EV3/C
     06/27/2019 2 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 B C B A A Non QM Non QM No
216127771 XXX XXX   23238055     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. ([redacted]) $[redacted]       Reviewer Comment (2019-07-19): Waive per client.
     01/23/2019 2 B   CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127771 XXX XXX   23238056     Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller Change - Loan Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether there was a change in Loan Amount. ([redacted]) The Final CD incorrectly states there was a change in loan amount.  The loan amount of $[redacted] did not change.       Reviewer Comment (2019-07-19): Waive per client.
     01/23/2019 2 B   CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127771 XXX XXX   23238057     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided   Missing loan approval.       Reviewer Comment (2019-07-19): The approval has been provided.


Buyer Comment (2019-07-19): correct approval uploaded for [redacted]


Buyer Comment (2019-07-19): approval uploaded
 05/06/2019     1 A   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127771 XXX XXX   23238058     Credit Credit Miscellaneous Guideline Credit Exception:   Missing evidence of rate lock.       Reviewer Comment (2019-07-19): Rec'd rate lock.


Buyer Comment (2019-07-19): rate lock
 05/14/2019     1 A   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127771 XXX XXX   23238059     Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Missing       Reviewer Comment (2019-07-19): Attestation approved by [redacted] in file.
 01/23/2019     1 A   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127771 XXX XXX   23238060     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to go in a securitization and reflects only one valuation product when two are required.           Reviewer Comment (2019-07-19): Received desk review with 0 variance


Reviewer Comment (2019-07-19): CDA is being ordered by diligence vendor. Exception will be updated upon receipt.
 06/18/2019     1 A   CA Primary Refinance - Cash-out - Other   C B C B C B A A Non QM Non QM No
216127815 XXX XXX   23238341     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Approved exception - Subject is a 2 unit mixed use with a restaurant on the first floor, lower level kitchen, additional dining area on the second floor and rooftop accessed via the third floor which is shared with the second unit, a tri-level apartment from the third to the fifth floor vs program requirement that commercial usage must be on the first floor unless permitted and may not be on the third or higher stories Subject improvements "do" conform to zoning regulations per appraisal. Subject is zoned Bd-1 which was to promote more residential units in the area. The commercial space is currently leased by [redacted] a trendy local cocktail bar within walking distance to [redacted] and is situated in an area known for its restaurants and entertainment

Credit Score is [redacted], 42 points > program requirement of 680

DSCR is [redacted]%, 21% > program requirement of 110%		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-14): [redacted] has elected to waive this exception based on compensating factors.
     06/05/2019 2 B   CT Investment Refinance - Cash-out - Other   C C B B     C C     No
216127815 XXX XXX   23238342     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Approved Exception - Subject has 5 stories above grade with the commercial usage of [redacted]% ([redacted] sq. ft) vs program maximum of 35% (3,115.35 sq. ft) commercial usage Subject improvements "do" conform to zoning regulations per appraisal. Subject is zoned Bd-1 which was to promote more residential units in the area. The commercial space is currently leased by [redacted] a trendy local cocktail bar within walking distance to [redacted] and is situated in an area known for its restaurants and entertainment

Credit Score is [redacted], 42 points > program requirement of 680

DSCR is [redacted]%, 21% > program requirement of 110%		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-14): [redacted] has elected to waive this exception based on compensating factors.
     06/05/2019 2 B   CT Investment Refinance - Cash-out - Other   C C B B     C C     No
216127815 XXX XXX   23238345     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to go in a securitization and reflects only one valuation product when two are required.           Reviewer Comment (2021-10-15): There is not a secondary valuation as required for securitization


Reviewer Comment (2019-07-10): Due to non-residential property type, a traditional secondary valuation may not be obtained. In the event of securitization, this will be mentioned in the summary documents.
       3 C   CT Investment Refinance - Cash-out - Other   C C B B     C C     No
216127815 XXX XXX   23238346     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___.   Subject improvements "do" conform to zoning regulations per appraisal. Subject is zoned Bd-1 which was to promote more residential units in the area. The commercial space is currently leased by [redacted] a trendy local cocktail bar within walking distance to [redacted] and is situated in an area known for its restaurants and entertainment

Credit Score is [redacted], 42 points > program requirement of 680

DSCR is [redacted]%, 21% > program requirement of 110%		   Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-14): [redacted] has elected to waive this exception based on compensating factors.
     06/05/2019 2 B   CT Investment Refinance - Cash-out - Other   C C B B     C C     No
216127844 XXX XXX   23238507     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.   As listed on Title Commitment.       Reviewer Comment (2021-07-21): provided


Seller Comment (2021-07-13): There are 2 title policies on file (both uploaded). The sum of the 2 equal the loan amount.


Reviewer Comment (2021-05-06): Unable to accept the handwritten commitment, missing final policy


Seller Comment (2021-05-05): That one plus the $[redacted] lender policy for the AL property puts the lender policy as the loan amount.
 07/21/2021     1 A     Investment Refinance - Cash-out - Other   D B C B     D A     No
216127844 XXX XXX   23238508     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.           Reviewer Comment (2021-07-21): provided
 07/21/2021     1 A     Investment Refinance - Cash-out - Other   D B C B     D A     No
216127844 XXX XXX   23238509     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary valuation is missing. -         Reviewer Comment (2021-05-20): provided


Seller Comment (2021-05-19): uploaded
 05/20/2021     1 A     Investment Refinance - Cash-out - Other   D B C B     D A     No
216127844 XXX XXX   23238511     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Amortization term discrepancy. Note amortization term of ___ does not match Guideline amortization term of ___.   The qualifying DSCR on the loan is greater than the guideline minimum.

The representative FICO score exceeds the guideline minimum by at least 40 points.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.		 DSCR is [redacted] vs the minimum of 1.00.

FICO is [redacted]

Reserves are over 91 months		 Owner

Aggregator,Owner

Aggregator,Owner		 Reviewer Comment (2021-09-20): NB requests to waive.


Buyer Comment (2021-07-29): "OK to waive
Compensating Factors:
(CF1) FICO of [redacted] is more than [redacted] points higher than guideline required min FICO of 680
(CF9) [redacted] months of reserves is more than [redacted] months in excess of required minimum of [redacted][redacted] month
(CF11) DSCR of [redacted]x is more than [redacted]x."


Reviewer Comment (2021-07-21): LTV must be [redacted]% or more from the max LTV


Reviewer Comment (2021-07-21): Per Nb - "(CF1) [redacted] points above the minimum FICO required in guidelines
(CF9) More than [redacted] months in access of the minimum months of reserves required in guidelines
(CF11) DSCR is more than [redacted]x
(CF 15) More than [redacted]% below the maximum LTV required in guidelines"


Reviewer Comment (2021-05-06): Client to review


Seller Comment (2021-05-05): Please waive as NB knew the term of this note.
     07/29/2021 2 B     Investment Refinance - Cash-out - Other   D B C B     D A     No
216127844 XXX XXX   23238512     Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Term discrepancy. Note term of ___ does not match Guideline term of ___.   The qualifying DSCR on the loan is greater than the guideline minimum.

The representative FICO score exceeds the guideline minimum by at least 40 points.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.		 DSCR is [redacted] vs the minimum of 1.00.

FICO is [redacted]

Reserves are over 91 months		 Owner

Aggregator,Owner

Aggregator,Owner		 Reviewer Comment (2021-09-20): NB requested to waive.


Buyer Comment (2021-07-29): "OK to waive
Compensating Factors:
(CF1) FICO of [redacted] is more than [redacted] points higher than guideline required min FICO of 680
(CF9) [redacted] months of reserves is more than [redacted] months in excess of required minimum of [redacted][redacted] month
(CF11) DSCR of [redacted]x is more than [redacted]x."


Reviewer Comment (2021-07-21): LTV must be [redacted]% or more from the max LTV


Reviewer Comment (2021-07-21): Per Nb - "(CF1) [redacted]points above the minimum FICO required in guidelines
(CF9) More than [redacted] months in access of the minimum months of reserves required in guidelines
(CF11) DSCR is more than [redacted]x
(CF 15) More than [redacted]% below the maximum LTV required in guidelines"


Reviewer Comment (2021-05-06): Client to review


Seller Comment (2021-05-05): Closing date was [redacted] and maturity date is [redacted]. Since our premier loans are from the [redacted] instead of the [redacted] this is [redacted].
     07/29/2021 2 B     Investment Refinance - Cash-out - Other   D B C B     D A     No
216127845 XXX XXX   23238514     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary valuation is missing. - Loan is to be securitized. Secondary valuation was not provided at this time.       Reviewer Comment (2021-05-20): provided


Seller Comment (2021-05-19): uploaded
 05/20/2021     1 A     Investment Refinance - Cash-out - Other   D A A A     D A     No
216127852 XXX XXX   23238553     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   Missing Property Management Questionnaire       Reviewer Comment (2021-05-06): provided
 05/06/2021     1 A     Investment Refinance - Cash-out - Other   D A D A     D A     No
216127852 XXX XXX   23238555     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary valuation is missing. -         Reviewer Comment (2021-05-21): provided
 05/21/2021     1 A     Investment Refinance - Cash-out - Other   D A D A     D A     No