EX-99.35 36 ex99-35.htm EVOLVE EXCEPTION DETAIL
 

CSMC 2021-NQM7 Trust ABS-15G

 

Exhibit 99.35

 

 

Exception Detail

Run Date - 10/18/2021 10:48:00 AM

Evolve Loan ID Customer Loan ID Seller Loan ID Loan Exception ID Exception ID Exception Date Exception Type Exception Category Exception Subcategory Exception Exception Detail Exception Information Exception Remediation Compensating Factors Follow-up Comments Cleared Date Cured Date Waived Date Exception Level Grade Exception Level Rating Note Date Property State Occupancy Purpose Overall Initial Loan Grade Overall Final Loan Grade Credit Initial Loan Grade Credit Final Loan Grade Compliance Initial Loan Grade Compliance Final Loan Grade Property Initial Loan Grade Property Final Loan Grade Originator QM ATR Status TPR QM ATR Status Is Curable
1182457 XXXXXXXXXX XXXXXXXXXX 5683255 902 XXXXXXXXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.     Information Provided     05/19/2021     A 1 XXXXXXXXXX NC P 1 C   A   A   A   C   A   A   A     QM Safe Harbor 1
1189520 XXXXXXXXXX XXXXXXXXXX 5719300 970 XXXXXXXXXX Compliance Compliance   Compliance - CD- Missing   Closing disclosure/settlement statement required.       06/03/2021     A 1 XXXXXXXXXX CA I 13 C   C   A   A   N/A N/A C   C     Exempt 1
1189520 XXXXXXXXXX XXXXXXXXXX 5743477 270 XXXXXXXXXX Valuation UW Collateral   UW Collateral - UW - Satisfactory 2nd Appraisal Report   CDA missing from this file (A second collateral evaluation is required)     Client 09/30/2021 03:43 PM; this loan is an I12 Investor Mixed Use which per the seller guides, does not require a 2nd appraisal or CDA. Rebuttal added in response to this finding.

 Client 09/30/2021 04:10 PM; see prior diligence report which indicates the finding was waived - CDA not required per seller guides for I12 for Mixed Use Property

 Client 09/30/2021 04:10 PM; see prior diligence report which indicates the finding was waived - CDA not required per seller guides for I12 for Mixed Use Property

 Reviewer 10/04/2021 08:35 AM; waived 10/4

 Reviewer 10/04/2021 08:35 AM; duplication

 Reviewer 10/04/2021 08:36 AM; duplication

       C 3 XXXXXXXXXX CA I 13 C   C   A   A   N/A N/A C   C     Exempt 1
1192785 XXXXXXXXXX XXXXXXXXXX 5744243 321 XXXXXXXXXX Credit UW Credit   UW Credit - UW - Credit - Insufficient   Exception needed for borrower only having one active revolving tradeline rated 22 months, and one recently opened revolving account reporting 1 month vs program requirement of three tradelines that have a twelve month history, of which two of the tradelines must have been active within the last 12 months.   Exception granted, LTV is 60%, 20% less than program max of 80%, credit score is 716, 56 points greater than requirement of 660, DSC is 268.459%, 168.459% greater than program requirement of 100%, Reserves of 58.78 months, 52.78 months greater than program requirement of 6 months, and borrower's tradeline rated 22 months is 0x30 since inception 3/2019 and no public records.        06/02/2021 B 2 XXXXXXXXXX CT I 1 C   B   C   B   N/A N/A A   A     Exempt 1
1192785 XXXXXXXXXX XXXXXXXXXX 5744244 327 XXXXXXXXXX Credit UW Credit   UW Credit - UW - Satisfactory 12 mth Rental   Exception needed for allowing no rental history due to borrower living rent free with parents for past 3 years vs program restriction that borrowers without mortgage or rental history including borrowers living rent free are not eligible but will be considered on an exception basis.   Exception granted, LTV is 60%, 20% less than program max of 80%, credit score is 716, 56 points greater than requirement of 660, DSC is 268.459%, 168.459% greater than program requirement of 100%, Reserves of 58.78 months, 52.78 months greater than program requirement of 6 months, and borrower's tradeline rated 22 months is 0x30 since inception 3/2019 and no public records.        06/02/2021 B 2 XXXXXXXXXX CT I 1 C   B   C   B   N/A N/A A   A     Exempt 1
1224784 XXXXXXXXXX XXXXXXXXXX 5914924 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.     Information Provided   Client 07/15/2021 10:46 AM; Flood cert uploaded to loan file 7/13. Thank you.

 Reviewer 07/15/2021 12:31 PM; All conditions have been cleared. Thanks!

 Reviewer 07/15/2021 02:30 PM;

07/15/2021     A 1 XXXXXXXXXX IL P 3 D   A   C   A   A   A   D   A     Non-QM 1
1224784 XXXXXXXXXX XXXXXXXXXX 5922743 262 XXXXXXXXXX Valuation UW Collateral   UW Collateral - UW -  Appraisal Report Missing   Missing full appraisal report from original images. Please forward Documentation has been provided.       07/13/2021     A 1 XXXXXXXXXX IL P 3 D   A   C   A   A   A   D   A     Non-QM 1
1224784 XXXXXXXXXX XXXXXXXXXX 5922744 336 XXXXXXXXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   Missing Ability to Repay Certification received     07/13/2021     A 1 XXXXXXXXXX IL P 3 D   A   C   A   A   A   D   A     Non-QM 1
1225652 XXXXXXXXXX XXXXXXXXXX 5934477 431 XXXXXXXXXX Credit UW Assets   UW Assets - UW - Verification of assets (statements/VOD) incomplete/missing   Missing statement from XXXXXXXXXX #XXXXXXXXXX and #XXXXXXXXXX. Documentation has been provided.       07/16/2021     A 1 XXXXXXXXXX AZ S 1 D   A   D   A   A   A   A   A     Non-QM 1
1225657 XXXXXXXXXX XXXXXXXXXX 5930029 265 XXXXXXXXXX Credit UW Collateral   UW Collateral - UW - FNMA 1007 / FNMA 216   Missing 1007 on subject or current leases not required on full doc investment properties when the subjects full mortgage payment is included in the borrowers debt ratio.   Client 07/14/2021 06:24 PM; Hi rental income was not used for the borrower's income for this loan, therefore a rental schedule or 1007 was not required. Thank you.

 Reviewer 07/15/2021 10:05 AM; Your Non-Owner Occupied  Checklist requires a Lease, not for income but for occupancy

 Client 07/15/2021 11:10 AM; Hi, appraisal states that the property is tenant occupied. This is sufficient for determining occupancy is non owner occupied. Thank you.

 Reviewer 07/16/2021 08:41 AM; The 1007 is require per the Non-Owner Checklist in the guide. Verify appraisal shows tenant occupied or vacant. ☐
Verify current rent/rental analysis included in appraisal ☐

 Client 07/16/2021 10:42 AM; Please escalate, thank you.

 Reviewer 07/16/2021 02:16 PM; Leases are required per your Non-Owner Occupied Checklist

 Client 07/16/2021 04:50 PM; Please escalate to XXXXXXXXXX. Thanks.

 Reviewer 07/19/2021 08:30 AM; Guidelines require documents requested per Non-Owner Checkist

 07/19/2021     A 1 XXXXXXXXXX AZ I 3 C   A   C   A   N/A N/A A   A     Exempt 1
1225658 XXXXXXXXXX XXXXXXXXXX 5930859 1054 XXXXXXXXXX Compliance Missing Images   Missing Images - Loan Review is not Final. On Hold for Incorrect or Missing Images   Missing final CD       07/15/2021     A 1 XXXXXXXXXX FL S 1 C   A   C   A   A   A   A   A     Non-QM 1
1225658 XXXXXXXXXX XXXXXXXXXX 5930225 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   Flood Certificate is missing Information Provided     07/16/2021     A 1 XXXXXXXXXX FL S 1 C   A   C   A   A   A   A   A     Non-QM 1
1225659 XXXXXXXXXX XXXXXXXXXX 5930712 353 XXXXXXXXXX Credit UW Qualifications   UW Qualifications - UW - LA/CLA exceeds Max. Limit   Max loan amount on foreign national loan is $XXXXXXXXXX   The exception for loan amount over 500k was granted with compensating factors of experienced homeowner (primary free and clear for 5 years, long time employment 7+ years, strong DTI (20%) and residual income of (17K) as well as nice collateral.       07/14/2021 B 2 XXXXXXXXXX FL S 1 C   B   A   B   C   A   A   A     Non-QM 1
1225659 XXXXXXXXXX XXXXXXXXXX 5935856 884 XXXXXXXXXX Compliance Compliance   Compliance - Pending Internal completion of compliance fee tests.  Additional conditions may apply.     Information Provided     07/20/2021     A 1 XXXXXXXXXX FL S 1 C   B   A   B   C   A   A   A     Non-QM 1
1225659 XXXXXXXXXX XXXXXXXXXX 5935857 899 XXXXXXXXXX Compliance Compliance   Compliance -  Finance Charge is Understated by more than $100   Finance charge understated in the amount of $2109.73.  A refund to the borrower is required. Information Provided     07/20/2021     A 1 XXXXXXXXXX FL S 1 C   B   A   B   C   A   A   A     Non-QM 1
1227288 XXXXXXXXXX XXXXXXXXXX 5930025 902 XXXXXXXXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.     Information Provided     07/15/2021     A 1 XXXXXXXXXX IL P 1 C   A   C   A   C   A   A   A     QM Safe Harbor 1
1227288 XXXXXXXXXX XXXXXXXXXX 5930026 971 XXXXXXXXXX Compliance Compliance   Compliance - CD- Missing CD Signed by borrower   File is missing final CD signed at closing. Please provide. Information Provided     07/15/2021     A 1 XXXXXXXXXX IL P 1 C   A   C   A   C   A   A   A     QM Safe Harbor 1
1227288 XXXXXXXXXX XXXXXXXXXX 5930027 875 XXXXXXXXXX Compliance Disclosure   Disclosure - Other:   File is missing amortization schedule. Please provide. Information Provided     07/15/2021     A 1 XXXXXXXXXX IL P 1 C   A   C   A   C   A   A   A     QM Safe Harbor 1
1227288 XXXXXXXXXX XXXXXXXXXX 5931283 330 XXXXXXXXXX Credit UW Credit   UW Credit - UW - Credit Other   *1008 reflects no address for the subject property, Loan amount is incorrect reflecting XXXXXXXXXX when the Note reflects XXXXXXXXXX at 4.75% for 360mo, Proposed Monthly Expense should be $XXXXXXXXXX + TAX $XXXXXXXXXX + HOI $XXXXXXXXXX= $XXXXXXXXXX & Borrower income should reflect $13,886.74. These changes reflect DTI of 40.062%/40.976% Documentation has been provided.       07/15/2021     A 1 XXXXXXXXXX IL P 1 C   A   C   A   C   A   A   A     QM Safe Harbor 1
1227288 XXXXXXXXXX XXXXXXXXXX 5925039 9 XXXXXXXXXX Credit Application   Application - is missing   Initial application is missing - only application in file dated XXXXXXXXXX Information Provided     07/14/2021     A 1 XXXXXXXXXX IL P 1 C   A   C   A   C   A   A   A     QM Safe Harbor 1
1227288 XXXXXXXXXX XXXXXXXXXX 5925433 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   no flood certificate in file Information Provided     07/14/2021     A 1 XXXXXXXXXX IL P 1 C   A   C   A   C   A   A   A     QM Safe Harbor 1
1227288 XXXXXXXXXX XXXXXXXXXX 5925434 201 XXXXXXXXXX Credit Hazard Insurance   Hazard Insurance - is missing.   no evidence of insurance in file Information Provided     07/14/2021     A 1 XXXXXXXXXX IL P 1 C   A   C   A   C   A   A   A     QM Safe Harbor 1
1227289 XXXXXXXXXX XXXXXXXXXX 5924054 72 XXXXXXXXXX Compliance Closing Package   Closing Package -    Missing final closing disclosure Information Provided     07/14/2021     A 1 XXXXXXXXXX NC P 1 C   A   C   A   C   A   A   A     Non-QM 1
1227289 XXXXXXXXXX XXXXXXXXXX 5924057 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   Missing Flood certificate Information Provided     07/14/2021     A 1 XXXXXXXXXX NC P 1 C   A   C   A   C   A   A   A     Non-QM 1
1227292 XXXXXXXXXX XXXXXXXXXX 5929544 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   File is missing copy of flood certificate Information Provided     07/15/2021     A 1 XXXXXXXXXX WI P 1 D   B   C   B   C   A   D   A     Non-QM 1
1227292 XXXXXXXXXX XXXXXXXXXX 5929552 960 XXXXXXXXXX Credit Closing Package   Closing Package - IEADS Initial Escrow Account Disclosure Other   IEADS does not match closing disclosure figures in file Information Provided   Reviewer 07/15/2021 11:25 AM;   

 07/15/2021     A 1 XXXXXXXXXX WI P 1 D   B   C   B   C   A   D   A     Non-QM 1
1227292 XXXXXXXXXX XXXXXXXXXX 5929556 879 XXXXXXXXXX Compliance Application   Application - Other:   File is missing 1008 Information Provided     07/15/2021     A 1 XXXXXXXXXX WI P 1 D   B   C   B   C   A   D   A     Non-QM 1
1227292 XXXXXXXXXX XXXXXXXXXX 5938502 851 XXXXXXXXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   Guideline-Max 70% for ITIN using bank statement product for income. Payment shock max 3%. Deviation Request-75% LTV, payment shock over max however good rent history with current housing payment to include rent and water. Compensating Factors- Low DTI of 28%, excellent credit including rent history for over 2 years, good residual of $6334.    Guideline-Max 70% for ITIN using bank statement product for income. Payment shock max 3%. Deviation Request-75% LTV, payment shock over max however good rent history with current housing payment to include rent and water. Compensating Factors- Low DTI of 28%, excellent credit including rent history for over 2 years, good residual of $6334.       07/18/2021 B 2 XXXXXXXXXX WI P 1 D   B   C   B   C   A   D   A     Non-QM 1
1227292 XXXXXXXXXX XXXXXXXXXX 5938503 262 XXXXXXXXXX Valuation UW Collateral   UW Collateral - UW -  Appraisal Report Missing   The subject's appraisal was not included with the original file. When the appraisal is provided please notify the UW for review. document provided     07/19/2021     A 1 XXXXXXXXXX WI P 1 D   B   C   B   C   A   D   A     Non-QM 1
1230111 XXXXXXXXXX XXXXXXXXXX 5963807 851 XXXXXXXXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   GUIDLINE EXCEPTION Child Support income must be court ordered  DEVIATION REQUEST Allowing Child Support that is not Court ordered   COMPENSATING FACTORS: Credit Scor of 725, Credit depth of 25 years, Low LTV of 35%, MTG History 0X30 DTI is 49.525%       07/26/2021 B 2 XXXXXXXXXX CA P 13 C   B   C   B   A   A   A   A     Non-QM 1
1230114 XXXXXXXXXX XXXXXXXXXX 5938311 851 XXXXXXXXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   Guideline-Max pay shock of 3.0% Deviation Request- Allow pay shock of 3.09% Compensating Factors-Credit depth 16 years, sole proprietorship 11 years and homeowner of 11 years.   Guideline-Max pay shock of 3.0% Deviation Request- Allow pay shock of 3.09% Compensating Factors-Credit depth 16 years, sole proprietorship 11 years and homeowner of 11 years.       07/18/2021 B 2 XXXXXXXXXX CA P 1 C   B   C   B   A   A   A   A     Non-QM 1
1230117 XXXXXXXXXX XXXXXXXXXX 5933836 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.     Included in Master Policy, address includes subject address.    Reviewer 07/16/2021 10:44 AM; Escalated.

07/16/2021     A 1 XXXXXXXXXX FL I 1 C   A   C   A   N/A N/A A   A     Exempt 1
1230302 XXXXXXXXXX XXXXXXXXXX 5934116 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   Please provide missing Flood Certificate for loan. Information Provided     07/16/2021     A 1 XXXXXXXXXX TX P 1 C   A   C   A   C   A   A   A     Non-QM 1
1230302 XXXXXXXXXX XXXXXXXXXX 5934123 879 XXXXXXXXXX Compliance Application   Application - Other:   Citizenship selection on Final Application is missing for both Primary and Co-Borrower. Borrower ID docs provided from client to verify US citizenship   Client 07/20/2021 10:12 AM; Borrower identity docs uploaded to loan file, providing proof they are both US Citizens. Thank you.

 Reviewer 07/20/2021 10:20 AM; Hello, Condition has been cleared. Thank you, XXXXXXXXXX

 Reviewer 07/20/2021 11:46 AM;
07/20/2021     A 1 XXXXXXXXXX TX P 1 C   A   C   A   C   A   A   A     Non-QM 1
1230302 XXXXXXXXXX XXXXXXXXXX 5941679 902 XXXXXXXXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.     Information Provided     07/20/2021     A 1 XXXXXXXXXX TX P 1 C   A   C   A   C   A   A   A     Non-QM 1
1230302 XXXXXXXXXX XXXXXXXXXX 5941680 920 XXXXXXXXXX Compliance Compliance   Compliance - TRID-Missing Final CD   Missing Final CD. Need evidence of CD Hand signed by borrower at closing. Information Provided     07/20/2021     A 1 XXXXXXXXXX TX P 1 C   A   C   A   C   A   A   A     Non-QM 1
1230304 XXXXXXXXXX XXXXXXXXXX 5938298 262 XXXXXXXXXX Valuation UW Collateral   UW Collateral - UW -  Appraisal Report Missing   Appraisal Report Missing document provided      07/19/2021     A 1 XXXXXXXXXX FL P 1 D   A   C   A   C   A   D   A     Non-QM 1
1230304 XXXXXXXXXX XXXXXXXXXX 5934479 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   Please provide a copy of the flood certificate. Information Provided     07/16/2021     A 1 XXXXXXXXXX FL P 1 D   A   C   A   C   A   D   A     Non-QM 1
1230304 XXXXXXXXXX XXXXXXXXXX 5934486 72 XXXXXXXXXX Compliance Closing Package   Closing Package -    Last CD in file, issued XXXXXXXXXX and does not reflect the actual closing or disbursement dates, the initial escrow payment on line G reflects $XXXXXXXXXX, however, the IEADS states $XXXXXXXXXX. Beginning balance on IEADS must match CD. Please provide updated CD or adjusted initial escrow account statement. Information Provided     07/16/2021     A 1 XXXXXXXXXX FL P 1 D   A   C   A   C   A   D   A     Non-QM 1
1231229 XXXXXXXXXX XXXXXXXXXX 5944942 875 XXXXXXXXXX Compliance Disclosure   Disclosure - Other:   Illinois Anti Predatory Lending Database Program. Applicable for XXXXXXXXXX County. Certificate of Compliance or Certificate of Exemption required. Information Provided   Client 07/22/2021 10:09 AM; Hi, the subject loan is exempt from the IL APLD certificate, since the originating entity, XXXXXXXXXX is a subsidiary of XXXXXXXXXX and the originator, who is an employee of XXXXXXXXXX is alos an active federal mortgage loan originator. Please clear, thank you!

 Reviewer 07/22/2021 01:25 PM; compliance will review

 Reviewer 07/23/2021 02:05 PM; Hi XXXXXXXXXXr, Per the IL Anti Predatory Database Any entity not required to be licensed under the Residential Mortgage License Act, such as banks and other depository financial institutions, must obtain a Certificate of Exemption from the closing agent to record their mortgages. Please provide the Certificate of Exemption from the closing agent. Thank you, XXXXXXXXXX
 07/26/2021     A 1 XXXXXXXXXX IL P 1 D   B   C   B   C   A   D   A     Non-QM 1
1231229 XXXXXXXXXX XXXXXXXXXX 5948985 851 XXXXXXXXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   Guideline-12 month bank statement max 75% LTV with 720 score. Deviation Request-Using broker score of 719 with no material changes to XXXXXXXXXX credit and LTV to 80%. Compensating Factors-Good residual of $6443, good savings history using all own funds for down payment and excellent credit including prior rent history.   Guideline-12 month bank statement max 75% LTV with 720 score. Deviation Request-Using broker score of 719 with no material changes to XXXXXXXXXX credit and LTV to 80%. Compensating Factors-Good residual of $6443, good savings history using all own funds for down payment and excellent credit including prior rent history.         07/21/2021 B 2 XXXXXXXXXX IL P 1 D   B   C   B   C   A   D   A     Non-QM 1
1231229 XXXXXXXXXX XXXXXXXXXX 5948992 262 XXXXXXXXXX Valuation UW Collateral   UW Collateral - UW -  Appraisal Report Missing   The subject's appraisal was not included with the original file. When the appraisal is provided please notify the UW for review. The appraisal has been reviewed.    Reviewer 07/22/2021 08:59 AM; Notified u/w to review.  

 Reviewer 07/22/2021 11:55 AM; appraisal provided is for a different borrower and property

 Reviewer 07/22/2021 06:04 PM; sent to UW for review

 07/22/2021     A 1 XXXXXXXXXX IL P 1 D   B   C   B   C   A   D   A     Non-QM 1
1232162 XXXXXXXXXX XXXXXXXXXX 5950184 986 XXXXXXXXXX Compliance Compliance   Compliance - E-Consent- missing evidence of borrower’s e-consent prior to earliest e-signature event   Missing E-consent dated 6/23/21. Information Provided     07/22/2021     A 1 XXXXXXXXXX FL S 1 C   A   C   A   C   A   A   A     Non-QM 1
1232162 XXXXXXXXXX XXXXXXXXXX 5950233 320 XXXXXXXXXX Credit UW Assets   UW Assets - UW - Asset Other   verification of XXXXXXXXXX that borrowers distributions are derived from for income of $35,000 a month from XXXXXXXXXX ending in #XXXXXXXXXX with $1,683,294 in funds received     07/22/2021     A 1 XXXXXXXXXX FL S 1 C   A   C   A   C   A   A   A     Non-QM 1
1232163 XXXXXXXXXX XXXXXXXXXX 5950073 350 XXXXXXXXXX Credit UW Qualifications   UW Qualifications - UW - LTV/CLTV does not meet parameters   65% Max LTV on non-warrantable Condo   The exception was granted on the higher LTV of 70% for a non warrantable condo with compensating factors of; excellent credit, not a credit abuser, excellent mortgage seasoning all paid as agreed mid FICO 741       07/21/2021 B 2 XXXXXXXXXX FL I 1 C   B   C   B   N/A N/A A   A     Exempt 1
1232163 XXXXXXXXXX XXXXXXXXXX 5944569 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   Flood Certificate is missing. Provided.      07/21/2021     A 1 XXXXXXXXXX FL I 1 C   B   C   B   N/A N/A A   A     Exempt 1
1232165 XXXXXXXXXX XXXXXXXXXX 5949522 262 XXXXXXXXXX Valuation UW Collateral   UW Collateral - UW -  Appraisal Report Missing     Documentation has been provided.       07/22/2021     A 1 XXXXXXXXXX NY I 1 D   A   A   A   N/A N/A D   A     Exempt 1
1233186 XXXXXXXXXX XXXXXXXXXX 5949689 262 XXXXXXXXXX Valuation UW Collateral   UW Collateral - UW -  Appraisal Report Missing     Documentation has been provided.      07/22/2021     A 1 XXXXXXXXXX FL P 1 D   A   C   A   C   A   D   A     QM Rebuttable Presumption 1
1233186 XXXXXXXXXX XXXXXXXXXX 5944752 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   Flood Certificate not in file Information Provided     07/21/2021     A 1 XXXXXXXXXX FL P 1 D   A   C   A   C   A   D   A     QM Rebuttable Presumption 1
1233186 XXXXXXXXXX XXXXXXXXXX 5944917 971 XXXXXXXXXX Compliance Compliance   Compliance - CD- Missing CD Signed by borrower   CD signed by borrower missing Information Provided     07/21/2021     A 1 XXXXXXXXXX FL P 1 D   A   C   A   C   A   D   A     QM Rebuttable Presumption 1
1233186 XXXXXXXXXX XXXXXXXXXX 5944923 957 XXXXXXXXXX Credit Closing Package   Closing Package - First Payment Letter Missing or Incorrect   First payment letter not in file Information Provided     07/21/2021     A 1 XXXXXXXXXX FL P 1 D   A   C   A   C   A   D   A     QM Rebuttable Presumption 1
1233190 XXXXXXXXXX XXXXXXXXXX 5949737 884 XXXXXXXXXX Compliance Compliance   Compliance - Pending Internal completion of compliance fee tests.  Additional conditions may apply.   Pending receipt of initial CD. Information Provided     07/22/2021     A 1 XXXXXXXXXX AL P 1 D   A   C   A   D   A   A   A     Non-QM 1
1233190 XXXXXXXXXX XXXXXXXXXX 5949738 895 XXXXXXXXXX Compliance Compliance   Compliance - TRID CD- Need proof CD was received 3 days prior to consummation   Missing initial CD signed by borrower dated 3 days prior to consummation. Information Provided     07/22/2021     A 1 XXXXXXXXXX AL P 1 D   A   C   A   D   A   A   A     Non-QM 1
1233190 XXXXXXXXXX XXXXXXXXXX 5949739 986 XXXXXXXXXX Compliance Compliance   Compliance - E-Consent- missing evidence of borrower’s e-consent prior to earliest e-signature event   Missing E-consent dated 6/21/21. Information Provided     07/22/2021     A 1 XXXXXXXXXX AL P 1 D   A   C   A   D   A   A   A     Non-QM 1
1233190 XXXXXXXXXX XXXXXXXXXX 5944416 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.     Provided     07/21/2021     A 1 XXXXXXXXXX AL P 1 D   A   C   A   D   A   A   A     Non-QM 1
1233190 XXXXXXXXXX XXXXXXXXXX 5944426 957 XXXXXXXXXX Credit Closing Package   Closing Package - First Payment Letter Missing or Incorrect     Provided     07/21/2021     A 1 XXXXXXXXXX AL P 1 D   A   C   A   D   A   A   A     Non-QM 1
1233190 XXXXXXXXXX XXXXXXXXXX 5944427 971 XXXXXXXXXX Compliance Compliance   Compliance - CD- Missing CD Signed by borrower     Provided     07/21/2021     A 1 XXXXXXXXXX AL P 1 D   A   C   A   D   A   A   A     Non-QM 1
1233190 XXXXXXXXXX XXXXXXXXXX 5944428 459 XXXXXXXXXX Compliance Note   Note - is missing - No Image of Note found in file     Provided     07/21/2021     A 1 XXXXXXXXXX AL P 1 D   A   C   A   D   A   A   A     Non-QM 1
1233191 XXXXXXXXXX XXXXXXXXXX 5944429 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.     Provided.      07/21/2021     A 1 XXXXXXXXXX FL I 1 D   A   C   A   N/A N/A D   A     Exempt 1
1233191 XXXXXXXXXX XXXXXXXXXX 5944513 957 XXXXXXXXXX Credit Closing Package   Closing Package - First Payment Letter Missing or Incorrect   Missing Provided.      07/21/2021     A 1 XXXXXXXXXX FL I 1 D   A   C   A   N/A N/A D   A     Exempt 1
1233191 XXXXXXXXXX XXXXXXXXXX 5951990 262 XXXXXXXXXX Valuation UW Collateral   UW Collateral - UW -  Appraisal Report Missing     Documentation has been provided.       07/22/2021     A 1 XXXXXXXXXX FL I 1 D   A   C   A   N/A N/A D   A     Exempt 1
1233192 XXXXXXXXXX XXXXXXXXXX 5950071 902 XXXXXXXXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.           07/22/2021     A 1 XXXXXXXXXX CA P 13 C   A   A   A   C   A   A   A     Non-QM 1
1233194 XXXXXXXXXX XXXXXXXXXX 5954726 336 XXXXXXXXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   Missing Ability to Repay Certification Documentation has been provided.       07/23/2021     A 1 XXXXXXXXXX NJ P 1 C   A   C   A   C   A   A   A     Non-QM 1
1233194 XXXXXXXXXX XXXXXXXXXX 5946076 72 XXXXXXXXXX Compliance Closing Package   Closing Package -    Final Closing Disclosure is missing provided     07/22/2021     A 1 XXXXXXXXXX NJ P 1 C   A   C   A   C   A   A   A     Non-QM 1
1233194 XXXXXXXXXX XXXXXXXXXX 5946077 957 XXXXXXXXXX Credit Closing Package   Closing Package - First Payment Letter Missing or Incorrect   missing       07/21/2021     A 1 XXXXXXXXXX NJ P 1 C   A   C   A   C   A   A   A     Non-QM 1
1233194 XXXXXXXXXX XXXXXXXXXX 5946078 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.     Information Provided     07/21/2021     A 1 XXXXXXXXXX NJ P 1 C   A   C   A   C   A   A   A     Non-QM 1
1233194 XXXXXXXXXX XXXXXXXXXX 5950125 902 XXXXXXXXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.     Information Provided     07/25/2021     A 1 XXXXXXXXXX NJ P 1 C   A   C   A   C   A   A   A     Non-QM 1
1233194 XXXXXXXXXX XXXXXXXXXX 5950126 920 XXXXXXXXXX Compliance Compliance   Compliance - TRID-Missing Final CD   Final CD is missing in the file. Information Provided     07/25/2021     A 1 XXXXXXXXXX NJ P 1 C   A   C   A   C   A   A   A     Non-QM 1
1233194 XXXXXXXXXX XXXXXXXXXX 5950127 872 XXXXXXXXXX Compliance PMI   PMI - Other:   PMI Cert Is Missing. Not required securitization     07/22/2021     A 1 XXXXXXXXXX NJ P 1 C   A   C   A   C   A   A   A     Non-QM 1
1233194 XXXXXXXXXX XXXXXXXXXX 5963785 272 XXXXXXXXXX Valuation UW Collateral   UW Collateral - UW - Appraisal Other   Missing the Senior Management approval to waive the full appraisal and utilize the AVM XXXXXXXXXX from XXXXXXXXXX. Documentation has been provided.     Client 07/27/2021 10:35 AM; Full appraisal uploaded to loan file. No exception needed.

 Reviewer 07/29/2021 09:29 AM; Cleared 7/28

 07/27/2021     A 1 XXXXXXXXXX NJ P 1 C   A   C   A   C   A   A   A     Non-QM 1
1233195 XXXXXXXXXX XXXXXXXXXX 5956748 262 XXXXXXXXXX Valuation UW Collateral   UW Collateral - UW -  Appraisal Report Missing   Missing Full Appraisal report and 1007 for subject property from original images.  Please forward. Documentation has been provided.       07/26/2021     A 1 XXXXXXXXXX FL I 1 D   A   A   A   N/A N/A D   A     Exempt 1
1247119 XXXXXXXXXX XXXXXXXXXX 6015615 90 XXXXXXXXXX Credit Credit Report   Credit Report - is missing     Credit Report has been waived per the loan approval. Bwr is a Foreign National.      08/15/2021     A 1 XXXXXXXXXX CA I 1 C   A   C   A   N/A N/A C   A     Exempt 1
1247119 XXXXXXXXXX XXXXXXXXXX 6032171 1108 XXXXXXXXXX Valuation UW Collateral TPR   UW Collateral TPR - UW - Second collateral evaluation is required.   A second collateral evaluation is required due to CU score above 2.50. Internal-no action from business unit. document received     08/20/2021     A 1 XXXXXXXXXX CA I 1 C   A   C   A   N/A N/A C   A     Exempt 1
1253215 XXXXXXXXXX XXXXXXXXXX 6038058 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.     Information Provided     08/18/2021     A 1 XXXXXXXXXX FL P 1 D   A   D   A   C   A   D   A     QM Rebuttable Presumption 1
1253215 XXXXXXXXXX XXXXXXXXXX 6038099 970 XXXXXXXXXX Compliance Compliance   Compliance - CD- Missing   final CD missing Information Provided     08/18/2021     A 1 XXXXXXXXXX FL P 1 D   A   D   A   C   A   D   A     QM Rebuttable Presumption 1
1253215 XXXXXXXXXX XXXXXXXXXX 6065265 262 XXXXXXXXXX Valuation UW Collateral   UW Collateral - UW -  Appraisal Report Missing   File is missing the full appraisal. Full 1073 Appraisal received.     08/27/2021     A 1 XXXXXXXXXX FL P 1 D   A   D   A   C   A   D   A     QM Rebuttable Presumption 1
1253215 XXXXXXXXXX XXXXXXXXXX 6065266 439 XXXXXXXXXX Credit UW Income/Employment   UW Income/Employment - UW - Missing W2s   File missing 2020 and 2019 W2s. 2020 & 2019 W2 forms received.     08/27/2021     A 1 XXXXXXXXXX FL P 1 D   A   D   A   C   A   D   A     QM Rebuttable Presumption 1
1253215 XXXXXXXXXX XXXXXXXXXX 6066118 336 XXXXXXXXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   File missing LOX from company stating how she will continue working when moving to FL. Borrower LOX received.     08/27/2021     A 1 XXXXXXXXXX FL P 1 D   A   D   A   C   A   D   A     QM Rebuttable Presumption 1
1253217 XXXXXXXXXX XXXXXXXXXX 6040201 920 XXXXXXXXXX Compliance Compliance   Compliance - TRID-Missing Final CD   Missing the final CD signed at closing Information Provided     08/18/2021     A 1 XXXXXXXXXX CA P 1 C   A   C   A   C   A   A   A     Non-QM 1
1253217 XXXXXXXXXX XXXXXXXXXX 6040229 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   No flood cert in the file Information Provided     08/18/2021     A 1 XXXXXXXXXX CA P 1 C   A   C   A   C   A   A   A     Non-QM 1
1253217 XXXXXXXXXX XXXXXXXXXX 6043037 986 XXXXXXXXXX Compliance Compliance   Compliance - E-Consent- missing evidence of borrower’s e-consent prior to earliest e-signature event   Please provide accepted E consent dated 7/9 or earlier for XXXXXXXXXX. Information Provided     08/20/2021     A 1 XXXXXXXXXX CA P 1 C   A   C   A   C   A   A   A     Non-QM 1
1253217 XXXXXXXXXX XXXXXXXXXX 6043038 875 XXXXXXXXXX Compliance Disclosure   Disclosure - Other:   File is missing amortization schedule. Please provide. Information Provided     08/20/2021     A 1 XXXXXXXXXX CA P 1 C   A   C   A   C   A   A   A     Non-QM 1
1253842 XXXXXXXXXX XXXXXXXXXX 6040568 895 XXXXXXXXXX Compliance Compliance   Compliance - TRID CD- Need proof CD was received 3 days prior to consummation   Missing Final CD. Need evidence of CD hand signed by borrower at closing XXXXXXXXXX. Information Provided   Reviewer 08/18/2021 10:08 AM; Document not provided.

 08/19/2021     A 1 XXXXXXXXXX CA P 1 C   A   C   A   C   A   A   A     Non-QM 1
1253842 XXXXXXXXXX XXXXXXXXXX 6040569 902 XXXXXXXXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.     Information Provided     08/19/2021     A 1 XXXXXXXXXX CA P 1 C   A   C   A   C   A   A   A     Non-QM 1
1253842 XXXXXXXXXX XXXXXXXXXX 6038636 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   Missing Flood Certificate. Information Provided     08/18/2021     A 1 XXXXXXXXXX CA P 1 C   A   C   A   C   A   A   A     Non-QM 1
1253844 XXXXXXXXXX XXXXXXXXXX 6161700 272 XXXXXXXXXX Valuation UW Collateral   UW Collateral - UW - Appraisal Other   Desk review reflects value of XXXXXXXXXX, which is a variance of 11.58% of the appraised value of XXXXXXXXXX; however, desk review value used for loan LTV at originations.  LTV/CLTV 48.69%.   Desk review value used for LTV calculation at the time of origination.       09/27/2021 B 2 XXXXXXXXXX WA P 3 C   B   A   A   C   A   B   B     Non-QM 1
1253844 XXXXXXXXXX XXXXXXXXXX 6043263 902 XXXXXXXXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.     Information Provided     08/31/2021     A 1 XXXXXXXXXX WA P 3 C   B   A   A   C   A   B   B     Non-QM 1
1253844 XXXXXXXXXX XXXXXXXXXX 6043264 970 XXXXXXXXXX Compliance Compliance   Compliance - CD- Missing   File is missing initial CD. Please provide with proof of receipt. Information Provided   Reviewer 08/19/2021 11:58 AM; CD provided was issued and signed on XXXXXXXXXX  Loan closed on XXXXXXXXXX.  This is only 2 days before closing.  Initial CD must be issued and received at least 3 days prior to closing.

 Reviewer 08/20/2021 10:44 AM; Per tracking provide it appears a CD was issued and received by the borrower on XXXXXXXXXX however this CD is not in file. Please provide CD issued and received by borrower three days prior to consummation. .

 Client 08/27/2021 05:36 PM; Requested XXXXXXXXXX CD provided. Thank you.

 Reviewer 08/30/2021 06:05 AM; Escalated

 Reviewer 08/30/2021 11:01 AM; compliance to review

 Reviewer 08/30/2021 11:55 AM; Docs will be reviewed within 24 hours from upload.  Thank you!
 08/31/2021     A 1 XXXXXXXXXX WA P 3 C   B   A   A   C   A   B   B     Non-QM 1
1253844 XXXXXXXXXX XXXXXXXXXX 6043265 986 XXXXXXXXXX Compliance Compliance   Compliance - E-Consent- missing evidence of borrower’s e-consent prior to earliest e-signature event   Please provide accepted E consent dated 7/1 or earlier for XXXXXXXXXX. Information Provided     08/19/2021     A 1 XXXXXXXXXX WA P 3 C   B   A   A   C   A   B   B     Non-QM 1
1253847 XXXXXXXXXX XXXXXXXXXX 6064705 336 XXXXXXXXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   Missing exception for rental income derived from subject property as a single family residence, 2 renters one is a relative without a lease; 2nd has a lease agreement.   Exception granted.  Compensating factors:  great residence time of 47 years.  Great credit with FICO of 804 and a mortgage rating of 0x30x143.  Good monthly savings on the mortgage payment.  Note rate - 3.625%, qual rate - 3.625%, pricing from May1.  XXXXXXXXXX 8/5/2021 7:52:17 Client 08/26/2021 06:50 PM; Rental income from renting out a bedroom in the borrower’s principal residence is allowed with copy of the lease agreement and 6 months bank statements evidencing rents received. Thank you.

 Reviewer 08/27/2021 08:20 AM; Received copy of the lease not the exception,

 Reviewer 08/31/2021 11:56 AM; need lease and the 6 months of receipt of rent

 Client 08/31/2021 11:58 AM; This has already been uploaded to file.

 Reviewer 08/31/2021 12:08 PM; document will be reviewed within SLA as received

 Client 08/31/2021 05:30 PM; These were uploaded 5 days ago.

 Reviewer 09/01/2021 02:17 PM; approved exception was not included

 Client 09/02/2021 05:11 PM; An exception is not required per my previous responses, I have provided the lease and 6 months receipt of rent. Per XXXXXXXXXX guidelines, this is acceptable documentation for this situation. Thank you.

 Reviewer 09/13/2021 10:57 AM; Cleared 9/10

     09/07/2021 B 2 XXXXXXXXXX CA P 3 C   B   C   B   A   A   A   A     Non-QM 1
1253847 XXXXXXXXXX XXXXXXXXXX 6068204 272 XXXXXXXXXX Valuation UW Collateral   UW Collateral - UW - Appraisal Other   2 Appraisal required due to Appraised value over $XXXXXXXXXX. Not required    Client 08/27/2021 04:48 PM; 2nd appraisal is only required when the loan amount is over $1.5 million. The loan amount for this loan is $XXXXXXXXXX. Thank you.

 Reviewer 08/31/2021 11:53 AM; cleared 8/30
 08/30/2021     A 1 XXXXXXXXXX CA P 3 C   B   C   B   A   A   A   A     Non-QM 1
1259221 XXXXXXXXXX XXXXXXXXXX 6062992 986 XXXXXXXXXX Compliance Compliance   Compliance - E-Consent- missing evidence of borrower’s e-consent prior to earliest e-signature event   E Consent on or before 6/9 is missing Information Provided     08/30/2021     A 1 XXXXXXXXXX CA P 13 C   A   C   A   C   A   A   A     Non-QM 1
1259221 XXXXXXXXXX XXXXXXXXXX 6086369 815 XXXXXXXXXX Credit UW Credit   UW Credit - UW -  Subordination Agreement in file   Subordination Agreement required to be verified, not provided in file received     09/07/2021     A 1 XXXXXXXXXX CA P 13 C   A   C   A   C   A   A   A     Non-QM 1
1259221 XXXXXXXXXX XXXXXXXXXX 6086370 819 XXXXXXXXXX Credit UW Credit   UW Credit - UW -  Terms of the 2nd mortgage verified   Documentation verifying all terms and conditions of 2nd mtg is required, but not in file received     09/07/2021     A 1 XXXXXXXXXX CA P 13 C   A   C   A   C   A   A   A     Non-QM 1
1259248 XXXXXXXXXX XXXXXXXXXX 6070296 851 XXXXXXXXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   *GUIDELINE EXCEPTION  Max Acreage is 10 acres   DEVIATION ALLOWED:  ALLOW XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX    COMPENSATING FACTORS:  Residual of almost 8K, FICO 795 with Mortgage 0X30X27 & Great assets       08/30/2021 B 2 XXXXXXXXXX CA P 3 A   B   A   B   A   A   A   A     Non-QM 1
1259248 XXXXXXXXXX XXXXXXXXXX 6069941 434 XXXXXXXXXX Credit UW Assets   UW Assets - UW - Shorts Funds for Reserves   *Assets are missing from this file. These are required to meet reserve requirements of 4333.24*3mo=12,299.72 for this loan transaction. The following bank statement is needed XXXXXXXXXX Number XXXXXXXXXX-XXXXX Documentation has been provided.       08/30/2021     A 1 XXXXXXXXXX CA P 3 A   B   A   B   A   A   A   A     Non-QM 1
1259248 XXXXXXXXXX XXXXXXXXXX 6069945 445 XXXXXXXXXX Credit UW Income/Employment   UW Income/Employment - UW - Other income documentation missing/incomplete   The following bank statement is needed XXXXXXXXXX Number XXXXXXXXXX-XXXXX Documentation has been provided.       08/30/2021     A 1 XXXXXXXXXX CA P 3 A   B   A   B   A   A   A   A     Non-QM 1
1260702 XXXXXXXXXX XXXXXXXXXX 6067460 986 XXXXXXXXXX Compliance Compliance   Compliance - E-Consent- missing evidence of borrower’s e-consent prior to earliest e-signature event   missing evidence of borrower’s e-consent prior to earliest e-signature event dated 08/06/2021. Information Provided     08/30/2021     A 1 XXXXXXXXXX AZ S 1 C   A   A   A   C   A   C   A     Non-QM 1
1260702 XXXXXXXXXX XXXXXXXXXX 6086708 270 XXXXXXXXXX Valuation UW Collateral   UW Collateral - UW - Satisfactory 2nd Appraisal Report   Missing Desk review Documentation has been provided.       09/07/2021     A 1 XXXXXXXXXX AZ S 1 C   A   A   A   C   A   C   A     Non-QM 1
1260704 XXXXXXXXXX XXXXXXXXXX 6067311 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   Flood Certificate not found. Unable to open original file bundle and indexed image is not the Flood Cert. Information Provided     08/30/2021     A 1 XXXXXXXXXX WA P 3 C   A   C   A   A   A   A   A     Non-QM 1
1260704 XXXXXXXXXX XXXXXXXXXX 6090419 330 XXXXXXXXXX Credit UW Credit   UW Credit - UW - Credit Other   *Fraud Report is missing from this file received     09/07/2021     A 1 XXXXXXXXXX WA P 3 C   A   C   A   A   A   A   A     Non-QM 1
1260704 XXXXXXXXXX XXXXXXXXXX 6090422 330 XXXXXXXXXX Credit UW Credit   UW Credit - UW - Credit Other   *Credit Report is missing from this file received     09/07/2021     A 1 XXXXXXXXXX WA P 3 C   A   C   A   A   A   A   A     Non-QM 1
1260704 XXXXXXXXXX XXXXXXXXXX 6090423 336 XXXXXXXXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   *All Income Docs are missing from this file received     09/07/2021     A 1 XXXXXXXXXX WA P 3 C   A   C   A   A   A   A   A     Non-QM 1
1260704 XXXXXXXXXX XXXXXXXXXX 6090424 320 XXXXXXXXXX Credit UW Assets   UW Assets - UW - Asset Other   *All Asset documentation is missing from this file documentation provided     09/07/2021     A 1 XXXXXXXXXX WA P 3 C   A   C   A   A   A   A   A     Non-QM 1
1260704 XXXXXXXXXX XXXXXXXXXX 6090425 330 XXXXXXXXXX Credit UW Credit   UW Credit - UW - Credit Other   *Evidence of PITIA for the following rental properties  XXXXXXXXXX  & XXXXXXXXXX       09/07/2021     A 1 XXXXXXXXXX WA P 3 C   A   C   A   A   A   A   A     Non-QM 1
1260705 XXXXXXXXXX XXXXXXXXXX 6069386 898 XXXXXXXXXX Compliance Compliance   Compliance - TRID- Fee Tolerance Violation   Loan exceeds zero tolerance by $365.00 due to increase in Appraisal Fee with no valid coc. Please provide proof of $365.00 refund along with letter of explanation to borrower and PCCD reflecting cure. All must be issued within 60 days of consummation. Information Provided   Reviewer 08/31/2021 09:11 AM; COC provided does not sufficiently explain the reason as to why the appraisal fee increased.  Condition remains.

 Reviewer 09/02/2021 02:32 PM; Condition remains open.

 09/10/2021     A 1 XXXXXXXXXX FL S 1 C   A   C   A   C   A   A   A     QM Safe Harbor 1
1260705 XXXXXXXXXX XXXXXXXXXX 6069387 902 XXXXXXXXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.     Information Provided     09/10/2021     A 1 XXXXXXXXXX FL S 1 C   A   C   A   C   A   A   A     QM Safe Harbor 1
1260705 XXXXXXXXXX XXXXXXXXXX 6066091 920 XXXXXXXXXX Compliance Compliance   Compliance - TRID-Missing Final CD   File CD dated XXXXXXXXXX for closing and funding. Note date= XXXXXXXXXX Information Provided     08/30/2021     A 1 XXXXXXXXXX FL S 1 C   A   C   A   C   A   A   A     QM Safe Harbor 1
1260705 XXXXXXXXXX XXXXXXXXXX 6066101 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.     Information Provided   Reviewer 08/30/2021 12:37 PM; Flood cert provided is missing the subject property address.

 Reviewer 09/02/2021 02:32 PM; condition remains outstanding

 Reviewer 09/14/2021 09:41 AM; Flood Cert uploaded on 9/1 does not reflect the subject property address.  Deficiency remains open

 09/16/2021     A 1 XXXXXXXXXX FL S 1 C   A   C   A   C   A   A   A     QM Safe Harbor 1
1260705 XXXXXXXXXX XXXXXXXXXX 6066108 959 XXXXXXXXXX Credit Closing Package   Closing Package - IEADS Initial Escrow Account Disclosure Missing or Incorrect   Incorrect per CLDD calc Information Provided     08/30/2021     A 1 XXXXXXXXXX FL S 1 C   A   C   A   C   A   A   A     QM Safe Harbor 1
1260705 XXXXXXXXXX XXXXXXXXXX 6066110 957 XXXXXXXXXX Credit Closing Package   Closing Package - First Payment Letter Missing or Incorrect   FPL data incorrect per CLDD calc Information Provided     08/30/2021     A 1 XXXXXXXXXX FL S 1 C   A   C   A   C   A   A   A     QM Safe Harbor 1
1260705 XXXXXXXXXX XXXXXXXXXX 6065650 902 XXXXXXXXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.     Information Provided     09/10/2021     A 1 XXXXXXXXXX FL S 1 C   A   C   A   C   A   A   A     QM Safe Harbor 1
1260705 XXXXXXXXXX XXXXXXXXXX 6065651 920 XXXXXXXXXX Compliance Compliance   Compliance - TRID-Missing Final CD   Final CD is missing in the file. Information Provided     08/30/2021     A 1 XXXXXXXXXX FL S 1 C   A   C   A   C   A   A   A     QM Safe Harbor 1
1260711 XXXXXXXXXX XXXXXXXXXX 6069267 902 XXXXXXXXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.     Information Provided     09/02/2021     A 1 XXXXXXXXXX CA P 1 C   A   B   A   C   A   A   A     QM Safe Harbor 1
1260711 XXXXXXXXXX XXXXXXXXXX 6069268 920 XXXXXXXXXX Compliance Compliance   Compliance - TRID-Missing Final CD   Final CD is missing in the file. Information Provided     09/02/2021     A 1 XXXXXXXXXX CA P 1 C   A   B   A   C   A   A   A     QM Safe Harbor 1
1260711 XXXXXXXXXX XXXXXXXXXX 6068434 957 XXXXXXXXXX Credit Closing Package   Closing Package - First Payment Letter Missing or Incorrect   First Payment letter not found. Unable to open original file bundle indexed and first payment letter is not indexed. Information Provided     08/30/2021     A 1 XXXXXXXXXX CA P 1 C   A   B   A   C   A   A   A     QM Safe Harbor 1
1260711 XXXXXXXXXX XXXXXXXXXX 6067459 986 XXXXXXXXXX Compliance Compliance   Compliance - E-Consent- missing evidence of borrower’s e-consent prior to earliest e-signature event   Compliance E-Consent- missing evidence of borrower’s e-consent prior to earliest e-signature event 07/22/2021 Information Provided     08/30/2021     A 1 XXXXXXXXXX CA P 1 C   A   B   A   C   A   A   A     QM Safe Harbor 1
1260712 XXXXXXXXXX XXXXXXXXXX 6071164 897 XXXXXXXXXX Compliance Compliance   Compliance - TRID CD- Other   On last disclosed CD date XXXXXXXXXX, is showing disbursement date on 1st page and 2nd page of section F as XXXXXXXXXX which is prior to closing date XXXXXXXXXX (Signing Date). Need PCCD with corrections.     Reviewer 09/07/2021 12:51 PM; Settlement statement provided reflects prepaid interest from XXXXXXXXXX. Provide final SS with the correct prepaid interest from and funding date to confirm actual disbursement date. Cannot disburse prior to closing date.

 Client 09/08/2021 04:48 PM; Hi, the final settlement statement provides the correct disbursement date of XXXXXXXXXX. Is there any way you could clarify what exactly the prepaid interest date should show? I will reach out directly to the closing agent to request the final statement once I have a better understanding of what is needed. Appreciate your help.

 Reviewer 09/09/2021 12:13 PM; Hello,
 Take a look at the settlement statement pre-paid interest dates.  Closing was XXXXXXXXXX and interest shows XXXXXXXXXX which is prior to closing.  Thank you!

 Client 09/13/2021 10:00 AM; Corrected final settlement statement uploaded to loan file. Thank you!

 Reviewer 09/13/2021 01:39 PM; Hello, 
Docs will be reviewed within 24 hours from upload.  Thank yoU!

 Client 09/13/2021 04:11 PM; Document was uploaded 9/9/2021. Thank you!

 Reviewer 09/14/2021 07:22 AM; compliance to review

 Reviewer 09/14/2021 07:28 AM; compliance to review

 Reviewer 09/14/2021 07:38 AM; Hallo, 
Condition has been cleared. Thanks!

 Reviewer 09/14/2021 10:20 AM; compliance to review
 09/14/2021     A 1 XXXXXXXXXX FL S 1 D   A   D   A   C   A   A   A     Non-QM 1
1260712 XXXXXXXXXX XXXXXXXXXX 6068509 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   Flood Certificate not found. Unable to open original file bundle and it is not an indexed image. Information Provided     08/30/2021     A 1 XXXXXXXXXX FL S 1 D   A   D   A   C   A   A   A     Non-QM 1
1260712 XXXXXXXXXX XXXXXXXXXX 6068512 957 XXXXXXXXXX Credit Closing Package   Closing Package - First Payment Letter Missing or Incorrect   First Payment letter not found. Unable to open original file bundle and letter is not indexed. Information Provided     08/30/2021     A 1 XXXXXXXXXX FL S 1 D   A   D   A   C   A   A   A     Non-QM 1
1260712 XXXXXXXXXX XXXXXXXXXX 6065934 920 XXXXXXXXXX Compliance Compliance   Compliance - TRID-Missing Final CD   Final CD is missing in the file. CD signed XXXXXXXXXX is the final CD   Reviewer 08/30/2021 12:46 PM; Please provide the correct CD signed at closing XXXXXXXXXX.  Condition remains open.

 Client 09/07/2021 10:38 AM; Hi, this is the final CD signed at closing. The dates are wrong, however this is only an EV2. The CD was signed at closing on XXXXXXXXXX as evidenced by the borrower's signature date. Thank you. Please escalate if needed.

 Reviewer 09/07/2021 12:50 PM; Hello, I cleared this condition, however, please note the Settlement Statement provided is still showing prepaid interest from XXXXXXXXXX. The loan cannot fund prior to closing date. Please provide final Settlement Statement with the correct prepaid interest and funding date. Thank you, XXXXXXXXXX

 Reviewer 09/13/2021 10:58 AM; compliance to review
 09/07/2021     A 1 XXXXXXXXXX FL S 1 D   A   D   A   C   A   A   A     Non-QM 1
1260712 XXXXXXXXXX XXXXXXXXXX 6086364 437 XXXXXXXXXX Credit UW Income/Employment   UW Income/Employment - UW - Missing/Incomplete Verbal VOE   *VVOE is missing from this file from employer XXXXXXXXXX for XXXXXXXXXX. Borrower is a wage earner. Information Provided   Reviewer 09/07/2021 12:35 PM; we did not receive the actual VVOE just information about the company.

 09/07/2021     A 1 XXXXXXXXXX FL S 1 D   A   D   A   C   A   A   A     Non-QM 1
1260712 XXXXXXXXXX XXXXXXXXXX 6065933 902 XXXXXXXXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.           09/14/2021     A 1 XXXXXXXXXX FL S 1 D   A   D   A   C   A   A   A     Non-QM 1
1261308 XXXXXXXXXX XXXXXXXXXX 6116781 1108 XXXXXXXXXX Valuation UW Collateral TPR   UW Collateral TPR - UW - Second collateral evaluation is required.     No CU Score provided or available. (Internal condition only - No action required by Correspondent).
Documentation has been provided.  		     09/10/2021     A 1 XXXXXXXXXX CA P 3 C   B   A   B   C   B   A   A     Non-QM 1
1261308 XXXXXXXXXX XXXXXXXXXX 6152329 851 XXXXXXXXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   DTI 52.176 exceeding maximum allowed of 50%   15 year ownership with no delinquency on any credit history. 15 years self employment history, no cash out, lowering payment by $738 per month. Excellent reserves.       09/22/2021 B 2 XXXXXXXXXX CA P 3 C   B   A   B   C   B   A   A     Non-QM 1
1261308 XXXXXXXXXX XXXXXXXXXX 6065592 65 XXXXXXXXXX Compliance Right to Cancel   Right to Cancel - is missing.   Right to Cancel is missing. Information Provided     08/30/2021     A 1 XXXXXXXXXX CA P 3 C   B   A   B   C   B   A   A     Non-QM 1
1261308 XXXXXXXXXX XXXXXXXXXX 6067633 986 XXXXXXXXXX Compliance Compliance   Compliance - E-Consent- missing evidence of borrower’s e-consent prior to earliest e-signature event   Missing evidence of borrower’s e-consent prior to earliest e-signature event Date-07/01/2021. Information Provided     08/30/2021     A 1 XXXXXXXXXX CA P 3 C   B   A   B   C   B   A   A     Non-QM 1
1261308 XXXXXXXXXX XXXXXXXXXX 6070309 898 XXXXXXXXXX Compliance Compliance   Compliance - TRID- Fee Tolerance Violation   Loan exceeds zero tolerance by $99.00 due to increase in Credit Report-Lender with no valid coc. Please provide proof of $99.00 refund along with letter of explanation to borrower and PCCD reflecting cure. All must be issued within 60 days of consummation.     Reviewer 08/31/2021 09:52 AM; escalated for review

 Reviewer 08/31/2021 02:35 PM; Rec'd a CoC, however, there was no valid reason given for the Credit Report increase. Refund is required.  Please provide proof of $99.00 refund along with letter of explanation to borrower and PCCD reflecting cure. All must be issued within 60 days of consummation.

   09/10/2021   B 2 XXXXXXXXXX CA P 3 C   B   A   B   C   B   A   A     Non-QM 1
1261308 XXXXXXXXXX XXXXXXXXXX 6070310 902 XXXXXXXXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.           09/10/2021     A 1 XXXXXXXXXX CA P 3 C   B   A   B   C   B   A   A     Non-QM 1
1261308 XXXXXXXXXX XXXXXXXXXX 6065432 876 XXXXXXXXXX Compliance Borrower(s)   Borrower(s) - Other:   Missing Co-Borrower Home Phone Number.     Client 08/26/2021 06:39 PM; Co-borrower is self employed, their work phone number is their home phone number. Thank you.

 Reviewer 08/27/2021 05:34 AM;

 Reviewer 08/27/2021 09:17 AM; Hello, 
Condition has been cleared. Thanks!

08/27/2021     A 1 XXXXXXXXXX CA P 3 C   B   A   B   C   B   A   A     Non-QM 1
1261309 XXXXXXXXXX XXXXXXXXXX 6087516 336 XXXXXXXXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   Missing Ability to Repay Certification received     09/07/2021     A 1 XXXXXXXXXX FL P 1 C   A   C   A   C   A   A   A     QM Rebuttable Presumption 1
1261309 XXXXXXXXXX XXXXXXXXXX 6065843 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.     Information Provided     08/30/2021     A 1 XXXXXXXXXX FL P 1 C   A   C   A   C   A   A   A     QM Rebuttable Presumption 1
1261309 XXXXXXXXXX XXXXXXXXXX 6065844 957 XXXXXXXXXX Credit Closing Package   Closing Package - First Payment Letter Missing or Incorrect   Missing Information Provided     08/30/2021     A 1 XXXXXXXXXX FL P 1 C   A   C   A   C   A   A   A     QM Rebuttable Presumption 1
1261309 XXXXXXXXXX XXXXXXXXXX 6068068 902 XXXXXXXXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.     Information Provided     08/30/2021     A 1 XXXXXXXXXX FL P 1 C   A   C   A   C   A   A   A     QM Rebuttable Presumption 1
1261309 XXXXXXXXXX XXXXXXXXXX 6068069 920 XXXXXXXXXX Compliance Compliance   Compliance - TRID-Missing Final CD   Final CD is missing in the file. Information Provided     08/30/2021     A 1 XXXXXXXXXX FL P 1 C   A   C   A   C   A   A   A     QM Rebuttable Presumption 1
1261309 XXXXXXXXXX XXXXXXXXXX 6068072 986 XXXXXXXXXX Compliance Compliance   Compliance - E-Consent- missing evidence of borrower’s e-consent prior to earliest e-signature event   missing evidence of borrower’s e-consent prior to earliest e-signature event dated 07/12/2021. Information Provided     08/30/2021     A 1 XXXXXXXXXX FL P 1 C   A   C   A   C   A   A   A     QM Rebuttable Presumption 1
1262164 XXXXXXXXXX XXXXXXXXXX 6076753 986 XXXXXXXXXX Compliance Compliance   Compliance - E-Consent- missing evidence of borrower’s e-consent prior to earliest e-signature event   E Consent on or before XXXXXXXXXX is missing Information Provided     09/02/2021     A 1 XXXXXXXXXX UT P 1 C   A   A   A   C   A   A   A     QM Safe Harbor 1
1262172 XXXXXXXXXX XXXXXXXXXX 6076860 893 XXXXXXXXXX Compliance Compliance   Compliance - TRID LE- Need re-disclosed LE within 3 days of change of circumstance   Need LE disclosed within 3 days of XXXXXXXXXX rate lock date. Information Provided     09/02/2021     A 1 XXXXXXXXXX UT S 1 C   A   A   A   C   A   A   A     QM Safe Harbor 1
1262172 XXXXXXXXXX XXXXXXXXXX 6076861 902 XXXXXXXXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.     Information Provided     09/02/2021     A 1 XXXXXXXXXX UT S 1 C   A   A   A   C   A   A   A     QM Safe Harbor 1
1262172 XXXXXXXXXX XXXXXXXXXX 6076881 963 XXXXXXXXXX Compliance Compliance   Compliance - CD- Borrower Signature date requires further information   Need LOX to explain Borrower's signature on Final CD on XXXXXXXXXX when the closing date is XXXXXXXXXX. Information Provided   Reviewer 09/02/2021 09:27 AM; Final CD provided does not clear this deficiency.  Closing date is XXXXXXXXXX, yet final CD is signed after the closing date on XXXXXXXXXX.  Need final CD signed and dated on XXXXXXXXXX or a satisfactory explanation as to the discrepancy.

 09/02/2021     A 1 XXXXXXXXXX UT S 1 C   A   A   A   C   A   A   A     QM Safe Harbor 1
1262172 XXXXXXXXXX XXXXXXXXXX 6084497 986 XXXXXXXXXX Compliance Compliance   Compliance - E-Consent- missing evidence of borrower’s e-consent prior to earliest e-signature event   Need evidence of E Consent by borrower on or before the esigned initial application on XXXXXXXXXX. Information Provided     09/07/2021     A 1 XXXXXXXXXX UT S 1 C   A   A   A   C   A   A   A     QM Safe Harbor 1
1262173 XXXXXXXXXX XXXXXXXXXX 6084412 967 XXXXXXXXXX Credit Compliance   Compliance - CD- Dated incorrectly (Issue Date, Closing Date, Disbursement Date)   The funding date is before the third business day following consummation. Please provide PCCD correcting the funding and disbursement date. SS w/  funding date provided     09/02/2021     A 1 XXXXXXXXXX CA P 13 C   B   C   B   C   A   A   A     Non-QM 1
1262173 XXXXXXXXXX XXXXXXXXXX 6077837 902 XXXXXXXXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.     Information Provided     09/02/2021     A 1 XXXXXXXXXX CA P 13 C   B   C   B   C   A   A   A     Non-QM 1
1262173 XXXXXXXXXX XXXXXXXXXX 6090436 323 XXXXXXXXXX Credit UW Credit   UW Credit - UW - Credit Requirements for Program   Multiple credit events are not allowed   The exception was granted for multiple credit events happening with borrower's short sale and BK in XXXXXXXXXX and XXXXXXXXXX.  The exception was granted with compensating factors of derogatories were greater than 4 years ago.  3 years in home with good reserves and lot LTV of 33.158%       09/05/2021 B 2 XXXXXXXXXX CA P 13 C   B   C   B   C   A   A   A     Non-QM 1
1262999 XXXXXXXXXX XXXXXXXXXX 6090415 330 XXXXXXXXXX Credit UW Credit   UW Credit - UW - Credit Other   File missing Senior manager approval. Credit report shows a mortgage in Forbearance for over 3 months which requires their approval. The file does not have a property it is connected to on the URLA and it also shows the borrower's are currently renting.   Exception granted:  Compensating factors:  In file since 1984, ASSETS After Closing = $115675.27 Residual = $12218.46.  Pricing:  Note rate 4.5%, Qual rate 5.99%.  July 2021 Pricing.  Base rate 4.25% + 24-month Bnk stmt 0.25% = required rate of 4.500%.         09/07/2021 B 2 XXXXXXXXXX CA P 1 C   B   C   B   A   A   A   A     Non-QM 1
1262999 XXXXXXXXXX XXXXXXXXXX 6090435 397 XXXXXXXXXX Credit UW Credit   UW Credit - UW - Credit Inquiries not properly addressed   File missing LOX for inquiries. received     09/07/2021     A 1 XXXXXXXXXX CA P 1 C   B   C   B   A   A   A   A     Non-QM 1
1262999 XXXXXXXXXX XXXXXXXXXX 6090441 851 XXXXXXXXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   File missing exception for Payment shock being over 2.5x since DTI is over 45% per guidelines.   Exception granted:  Compensating factors:  In file since 1984, ASSETS After Closing = $115675.27 Residual = $12218.46.  Pricing:  Note rate 4.5%, Qual rate 5.99%.  July 2021 Pricing.  Base rate 4.25% + 24-month Bnk stmt 0.25% = required rate of 4.500%.       09/07/2021 B 2 XXXXXXXXXX CA P 1 C   B   C   B   A   A   A   A     Non-QM 1
1262999 XXXXXXXXXX XXXXXXXXXX 6075181 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.     Information Provided     09/01/2021     A 1 XXXXXXXXXX CA P 1 C   B   C   B   A   A   A   A     Non-QM 1
1263000 XXXXXXXXXX XXXXXXXXXX 6090129 316 XXXXXXXXXX Credit UW Assets   UW Assets - UW - Asset Liquidation   File missing documentation for IRA disbursement check and proof showing the disbursement was deposited into the bwr’s acct, along with the terms of withdrawal. received     09/07/2021     A 1 XXXXXXXXXX FL I 1 C   A   C   A   N/A N/A A   A     Exempt 1
1263000 XXXXXXXXXX XXXXXXXXXX 6101918 986 XXXXXXXXXX Compliance Compliance   Compliance - E-Consent- missing evidence of borrower’s e-consent prior to earliest e-signature event   Missing evidence of borrower’s e-consent prior to earliest e-signature event dated XXXXXXXXXX. Information Provided     09/08/2021     A 1 XXXXXXXXXX FL I 1 C   A   C   A   N/A N/A A   A     Exempt 1
1263000 XXXXXXXXXX XXXXXXXXXX 6102210 920 XXXXXXXXXX Compliance Compliance   Compliance - TRID-Missing Final CD   Missing Final CD signed at closing in the file Information Provided     09/08/2021     A 1 XXXXXXXXXX FL I 1 C   A   C   A   N/A N/A A   A     Exempt 1
1263000 XXXXXXXXXX XXXXXXXXXX 6075370 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.     Information Provided     09/02/2021     A 1 XXXXXXXXXX FL I 1 C   A   C   A   N/A N/A A   A     Exempt 1
1263002 XXXXXXXXXX XXXXXXXXXX 6080422 884 XXXXXXXXXX Compliance Compliance   Compliance - Pending Internal completion of compliance fee tests.  Additional conditions may apply.     Information Provided     09/02/2021     A 1 XXXXXXXXXX IL P 1 C   A   C   A   C   A   A   A     Non-QM 1
1263002 XXXXXXXXXX XXXXXXXXXX 6080423 897 XXXXXXXXXX Compliance Compliance   Compliance - TRID CD- Other   Please provide a PCCD moving all title fees from section C to section B as the borrower chose a provider off the provider list. Settlement Agent is not the same as disclosed on SSPL as they chose a different office at another location; started in sec C on LE   Client 09/02/2021 01:08 PM; Hi, borrower used the same company, but at a different location, therefore the borrower did shop for these services. Per the provider list, the provider we identified was located in XXXXXXXXXX. The borrower selected the provider company in XXXXXXXXXX. There is no need for a PCCD, please escalate if needed. Thank you.

 Reviewer 09/02/2021 01:39 PM; compliance to review

 Reviewer 09/02/2021 03:06 PM; Hello, Conditions have been cleared. Thank you, XXXXXXXXXX
 09/02/2021     A 1 XXXXXXXXXX IL P 1 C   A   C   A   C   A   A   A     Non-QM 1
1263002 XXXXXXXXXX XXXXXXXXXX 6076160 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.     Information Provided     09/02/2021     A 1 XXXXXXXXXX IL P 1 C   A   C   A   C   A   A   A     Non-QM 1
1263002 XXXXXXXXXX XXXXXXXXXX 6090470 336 XXXXXXXXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   Missing Ability to Repay Certification received     09/07/2021     A 1 XXXXXXXXXX IL P 1 C   A   C   A   C   A   A   A     Non-QM 1
1263005 XXXXXXXXXX XXXXXXXXXX 6090454 336 XXXXXXXXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   Missing Ability to Repay Certification received     09/07/2021     A 1 XXXXXXXXXX IL P 3 C   A   C   A   C   A   A   A     Non-QM 1
1263005 XXXXXXXXXX XXXXXXXXXX 6075507 920 XXXXXXXXXX Compliance Compliance   Compliance - TRID-Missing Final CD   Missing the final CD signed at closing. Information Provided     09/02/2021     A 1 XXXXXXXXXX IL P 3 C   A   C   A   C   A   A   A     Non-QM 1
1263005 XXXXXXXXXX XXXXXXXXXX 6075521 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   Missing the flood cert from the file Information Provided     09/02/2021     A 1 XXXXXXXXXX IL P 3 C   A   C   A   C   A   A   A     Non-QM 1
1263005 XXXXXXXXXX XXXXXXXXXX 6074297 884 XXXXXXXXXX Compliance Compliance   Compliance - Pending Internal completion of compliance fee tests.  Additional conditions may apply.     Information Provided     09/02/2021     A 1 XXXXXXXXXX IL P 3 C   A   C   A   C   A   A   A     Non-QM 1
1263005 XXXXXXXXXX XXXXXXXXXX 6074298 957 XXXXXXXXXX Credit Closing Package   Closing Package - First Payment Letter Missing or Incorrect   First Payment Letter Missing Information Provided     09/02/2021     A 1 XXXXXXXXXX IL P 3 C   A   C   A   C   A   A   A     Non-QM 1
1263005 XXXXXXXXXX XXXXXXXXXX 6074790 898 XXXXXXXXXX Compliance Compliance   Compliance - TRID- Fee Tolerance Violation   Zero tolerance violation due to a Points - Loan Discount Fee of $906.5 being added with no valid COC. Need proof of a $906.5 refund along with letter of explanation to borrower and PCCD reflecting cure. All must be issued within 60 days of consummation. Information Provided   Reviewer 09/02/2021 06:43 AM; escalated for review

 Client 09/02/2021 01:10 PM; Borrower requested to buy down rate, therefore the points increased. Please see disclosure tracking COC for evidence of this. Thank you.

 Reviewer 09/02/2021 01:38 PM; compliance to review

 Reviewer 09/03/2021 10:42 AM; Good Morning, Condition has been cleared. Thank you, XXXXXXXXXX
 09/02/2021     A 1 XXXXXXXXXX IL P 3 C   A   C   A   C   A   A   A     Non-QM 1
1263007 XXXXXXXXXX XXXXXXXXXX 6075476 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   Unable to locate Flood Cert in file Information Provided     09/02/2021     A 1 XXXXXXXXXX IL P 1 C   A   C   A   C   A   A   A     Non-QM 1
1263007 XXXXXXXXXX XXXXXXXXXX 6076731 902 XXXXXXXXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.     Information Provided     09/02/2021     A 1 XXXXXXXXXX IL P 1 C   A   C   A   C   A   A   A     Non-QM 1
1263007 XXXXXXXXXX XXXXXXXXXX 6076732 920 XXXXXXXXXX Compliance Compliance   Compliance - TRID-Missing Final CD   CD from closing is missing Information Provided     09/02/2021     A 1 XXXXXXXXXX IL P 1 C   A   C   A   C   A   A   A     Non-QM 1
1263007 XXXXXXXXXX XXXXXXXXXX 6091258 336 XXXXXXXXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   Missing Ability to Repay Certification received     09/07/2021     A 1 XXXXXXXXXX IL P 1 C   A   C   A   C   A   A   A     Non-QM 1
1263008 XXXXXXXXXX XXXXXXXXXX 6075318 884 XXXXXXXXXX Compliance Compliance   Compliance - Pending Internal completion of compliance fee tests.  Additional conditions may apply.     Information Provided     09/02/2021     A 1 XXXXXXXXXX MA P 1 C   B   C   B   C   A   A   A     Non-QM 1
1263008 XXXXXXXXXX XXXXXXXXXX 6075319 920 XXXXXXXXXX Compliance Compliance   Compliance - TRID-Missing Final CD     Information Provided     09/02/2021     A 1 XXXXXXXXXX MA P 1 C   B   C   B   C   A   A   A     Non-QM 1
1263008 XXXXXXXXXX XXXXXXXXXX 6075321 957 XXXXXXXXXX Credit Closing Package   Closing Package - First Payment Letter Missing or Incorrect   First Payment Letter Missing Information Provided     09/02/2021     A 1 XXXXXXXXXX MA P 1 C   B   C   B   C   A   A   A     Non-QM 1
1263008 XXXXXXXXXX XXXXXXXXXX 6076699 875 XXXXXXXXXX Compliance Disclosure   Disclosure - Other:   Final Closing disclosure is missing Information Provided     09/02/2021     A 1 XXXXXXXXXX MA P 1 C   B   C   B   C   A   A   A     Non-QM 1
1263008 XXXXXXXXXX XXXXXXXXXX 6076700 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   Flood Certificate is missing Information Provided     09/02/2021     A 1 XXXXXXXXXX MA P 1 C   B   C   B   C   A   A   A     Non-QM 1
1263008 XXXXXXXXXX XXXXXXXXXX 6102087 330 XXXXXXXXXX Credit UW Credit   UW Credit - UW - Credit Other   Missing 24 month housing history   The exception was granted for the borrower's lack of housing history, with compensating factors of strong previous mortgage history for 10+; no derogatories noted on credit 29 years and $300K cash down.       09/07/2021 B 2 XXXXXXXXXX MA P 1 C   B   C   B   C   A   A   A     Non-QM 1
1263008 XXXXXXXXXX XXXXXXXXXX 6102089 336 XXXXXXXXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   Missing Ability to Repay Certification received     09/08/2021     A 1 XXXXXXXXXX MA P 1 C   B   C   B   C   A   A   A     Non-QM 1
1263009 XXXXXXXXXX XXXXXXXXXX 6076682 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.     Information Provided     09/02/2021     A 1 XXXXXXXXXX CT P 1 D   A   C   A   D   A   A   A     Non-QM 1
1263009 XXXXXXXXXX XXXXXXXXXX 6076683 957 XXXXXXXXXX Credit Closing Package   Closing Package - First Payment Letter Missing or Incorrect   Missing Information Provided     09/02/2021     A 1 XXXXXXXXXX CT P 1 D   A   C   A   D   A   A   A     Non-QM 1
1263009 XXXXXXXXXX XXXXXXXXXX 6076684 108 XXXXXXXXXX Compliance Deed of Trust/Mortgage   Deed of Trust/Mortgage - is missing.     Information Provided   Reviewer 09/02/2021 10:47 AM; XXXXXXXXXX XXXXXXXXXX provided is missing the legal description attached. Please provide.

 09/07/2021     A 1 XXXXXXXXXX CT P 1 D   A   C   A   D   A   A   A     Non-QM 1
1263009 XXXXXXXXXX XXXXXXXXXX 6083148 970 XXXXXXXXXX Compliance Compliance   Compliance - CD- Missing   Final CD signed at closing is missing. Information Provided     09/07/2021     A 1 XXXXXXXXXX CT P 1 D   A   C   A   D   A   A   A     Non-QM 1
1263009 XXXXXXXXXX XXXXXXXXXX 6090442 336 XXXXXXXXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   Missing Ability to Repay Certification received     09/07/2021     A 1 XXXXXXXXXX CT P 1 D   A   C   A   D   A   A   A     Non-QM 1
1264516 XXXXXXXXXX XXXXXXXXXX 6091085 431 XXXXXXXXXX Credit UW Assets   UW Assets - UW - Verification of assets (statements/VOD) incomplete/missing   Missing all asset verification from XXXXXXXXXX account numbers ending #XXXX, #XXXX (2 accts) #XXXX (2 accts) and #XXXX (2 accts) totaling $622,419.63 received     09/07/2021     A 1 XXXXXXXXXX IL P 1 D   A   D   A   C   A   A   A     Non-QM 1
1264516 XXXXXXXXXX XXXXXXXXXX 6091092 336 XXXXXXXXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   Missing Ability to Repay Certification received     09/07/2021     A 1 XXXXXXXXXX IL P 1 D   A   D   A   C   A   A   A     Non-QM 1
1264516 XXXXXXXXXX XXXXXXXXXX 6089618 894 XXXXXXXXXX Compliance Compliance   Compliance - TRID LE- Other   File missing a locked LE. Not required.     09/03/2021     A 1 XXXXXXXXXX IL P 1 D   A   D   A   C   A   A   A     Non-QM 1
1264516 XXXXXXXXXX XXXXXXXXXX 6083651 970 XXXXXXXXXX Compliance Compliance   Compliance - CD- Missing   Missing final closing disclosure.       09/07/2021     A 1 XXXXXXXXXX IL P 1 D   A   D   A   C   A   A   A     Non-QM 1
1264516 XXXXXXXXXX XXXXXXXXXX 6083652 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   Missing flood certificate. Information Provided     09/03/2021     A 1 XXXXXXXXXX IL P 1 D   A   D   A   C   A   A   A     Non-QM 1
1264516 XXXXXXXXXX XXXXXXXXXX 6093806 986 XXXXXXXXXX Compliance Compliance   Compliance - E-Consent- missing evidence of borrower’s e-consent prior to earliest e-signature event   Need evidence of E Consent by borrower on or before the esigned initial application on XXXXXXXXXX. Information Provided     09/08/2021     A 1 XXXXXXXXXX IL P 1 D   A   D   A   C   A   A   A     Non-QM 1
1264517 XXXXXXXXXX XXXXXXXXXX 6091335 336 XXXXXXXXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   Missing Ability to Repay Certification Documentation has been provided.       09/07/2021     A 1 XXXXXXXXXX FL P 1 C   A   C   A   C   A   A   A     Non-QM 1
1264517 XXXXXXXXXX XXXXXXXXXX 6083900 959 XXXXXXXXXX Credit Closing Package   Closing Package - IEADS Initial Escrow Account Disclosure Missing or Incorrect   Missing Initial Escrow Account Disclosure.       09/03/2021     A 1 XXXXXXXXXX FL P 1 C   A   C   A   C   A   A   A     Non-QM 1
1264517 XXXXXXXXXX XXXXXXXXXX 6083904 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   Missing flood certificate       09/03/2021     A 1 XXXXXXXXXX FL P 1 C   A   C   A   C   A   A   A     Non-QM 1
1264517 XXXXXXXXXX XXXXXXXXXX 6090092 986 XXXXXXXXXX Compliance Compliance   Compliance - E-Consent- missing evidence of borrower’s e-consent prior to earliest e-signature event   E Consent on or before XXXXXXXXXX is missing Information Provided     09/07/2021     A 1 XXXXXXXXXX FL P 1 C   A   C   A   C   A   A   A     Non-QM 1
1264522 XXXXXXXXXX XXXXXXXXXX 6091904 851 XXXXXXXXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   *DEVIATION REQUEST   Senior Management gave multiple approvals for LTV above 50% and for using Appraisal with  purchase price value XXXXXXXXXX   COMPENSATING FACTORS  22 YEARS OF EXCELLENT CONSUMER CREDIT HISTORY AND 12 YEARS OF MORTGAGE HISTORY NO LATES: LOE TV WITH 50& DOWN FOR PURCHASE OF PRIMARY       09/07/2021 B 2 XXXXXXXXXX FL P 1 C   B   C   B   C   A   A   A     Non-QM 1
1264522 XXXXXXXXXX XXXXXXXXXX 6083091 957 XXXXXXXXXX Credit Closing Package   Closing Package - First Payment Letter Missing or Incorrect   First Payment Letter Missing Information Provided     09/03/2021     A 1 XXXXXXXXXX FL P 1 C   B   C   B   C   A   A   A     Non-QM 1
1264522 XXXXXXXXXX XXXXXXXXXX 6089747 902 XXXXXXXXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.     Information Provided     09/07/2021     A 1 XXXXXXXXXX FL P 1 C   B   C   B   C   A   A   A     Non-QM 1
1264522 XXXXXXXXXX XXXXXXXXXX 6089748 920 XXXXXXXXXX Compliance Compliance   Compliance - TRID-Missing Final CD   Final CD is missing from file. Information Provided     09/07/2021     A 1 XXXXXXXXXX FL P 1 C   B   C   B   C   A   A   A     Non-QM 1
1264526 XXXXXXXXXX XXXXXXXXXX 6090413 986 XXXXXXXXXX Compliance Compliance   Compliance - E-Consent- missing evidence of borrower’s e-consent prior to earliest e-signature event   E Consent on or before XXXXXXXXXX is missing Information Provided     09/08/2021     A 1 XXXXXXXXXX UT S 1 D   A   D   A   C   A   A   A     Non-QM 1
1264526 XXXXXXXXXX XXXXXXXXXX 6102972 440 XXXXXXXXXX Credit UW Income/Employment   UW Income/Employment - UW - Missing/Incomplete 1040's   Please submit tax returns for 2019, 2020 Information Provided   Reviewer 09/16/2021 12:31 PM; W2's provided, tax returns for 2019 and 2020 are required.  

 09/16/2021     A 1 XXXXXXXXXX UT S 1 D   A   D   A   C   A   A   A     Non-QM 1
1264526 XXXXXXXXXX XXXXXXXXXX 6083637 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.     Information Provided     09/03/2021     A 1 XXXXXXXXXX UT S 1 D   A   D   A   C   A   A   A     Non-QM 1
1264533 XXXXXXXXXX XXXXXXXXXX 6102946 851 XXXXXXXXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   DEVIATION REQUEST  *Less than 2 years of Self Employment for 1 Schedule C Business   *COMPENSATING FACTORS:  Experienced Homeowner (18 Years ), Long time employment (26 years), Strong Credit Profile (777 FICO) Perfect mtg history (12years); Pricing (August 2021) : 3.275% base + 0.25% one-year income doc + 0.25% exception=4.375% start/final rate (+ 11.25) pts BPC to Broker).       09/08/2021 B 2 XXXXXXXXXX CA P 1 C   B   C   B   A   A   A   A     Non-QM 1
1264536 XXXXXXXXXX XXXXXXXXXX 6148000 1017 XXXXXXXXXX Credit UW Income/Employment   UW Income/Employment - UW - Profit and Loss required   Missing 2020 Profit and Loss statement as indicated on final approval Documentation has been provided.       09/21/2021     A 1 XXXXXXXXXX WA I 1 C   A   C   A   N/A N/A A   A     Exempt 1
1264539 XXXXXXXXXX XXXXXXXXXX 6090838 986 XXXXXXXXXX Compliance Compliance   Compliance - E-Consent- missing evidence of borrower’s e-consent prior to earliest e-signature event   Missing evidence of borrower’s e-consent prior to earliest e-signature event dated 07/28/2021. Information Provided     09/09/2021     A 1 XXXXXXXXXX CA P 3 C   A   A   A   C   A   A   A     Non-QM 1
1264539 XXXXXXXXXX XXXXXXXXXX 6101762 898 XXXXXXXXXX Compliance Compliance   Compliance - TRID- Fee Tolerance Violation   Loan exceeds zero tolerance by $600.00 due to increase in Appraisal Fee with no valid coc. Please provide proof of $600.00 refund along with letter of explanation to borrower and PCCD reflecting cure. All must be issued within 60 days of consummation. Information Provided   Client 09/15/2021 06:03 PM; PCCD and appraisal invoice uploaded to loan file. Appraisal invoice shows breakdown of appraisal and XXXXXXXXXX fee, as does the PCCD. Borrower is owed $500.00 refund, not $600.00. Please confirm and we will send PCCD and refund to borrower as soon as possible. Thank you.

Client 09/15/2021 06:03 PM; PCCD and appraisal invoice uploaded to loan file. Appraisal invoice shows breakdown of appraisal and AMC fee, as does the PCCD. Borrower is owed $500.00 refund, not $600.00. Please confirm and we will send PCCD and refund to borrower as soon as possible. Thank you.

 Reviewer 09/16/2021 06:47 AM; Docs will be reviewed within 24 hours from upload.  Thank you!

 Reviewer 09/16/2021 11:24 AM; Nothing provided will clear this condition.

 Reviewer 09/17/2021 07:34 AM; compliance to review

 Client 09/17/2021 10:02 AM; Hi, has this been reviewed and confirmed that a $500.00 refund is sufficient? Thank you!

 Reviewer 09/17/2021 11:00 AM; Compliance is reviewing

 Client 09/20/2021 10:01 AM; Following up on this to confirm $500 refund. Thank you.

 Reviewer 09/20/2021 10:11 AM; compliance to review

 Reviewer 09/20/2021 10:51 AM; Received XXXXXXXXXX PCCD however tolerance violation remains, refund required.

 Reviewer 09/20/2021 11:35 AM; Update** Loan exceeds zero tolerance by $500.00 due to increase in Appraisal Fee with no valid coc. Please provide proof of $600.00 refund along with letter of explanation to borrower and PCCD reflecting cure. All must be issued within 60 days of consummation.

 Reviewer 09/20/2021 11:59 AM; Hello,
 Yes. Condition has been updated.  Thank you!

 Reviewer 09/20/2021 12:00 PM; Hello,
 Yes. Condition has been updated.  Thank you!
 09/22/2021     A 1 XXXXXXXXXX CA P 3 C   A   A   A   C   A   A   A     Non-QM 1
1264539 XXXXXXXXXX XXXXXXXXXX 6101763 902 XXXXXXXXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.     Information Provided     09/22/2021     A 1 XXXXXXXXXX CA P 3 C   A   A   A   C   A   A   A     Non-QM 1
1266218 XXXXXXXXXX XXXXXXXXXX 6090511 875 XXXXXXXXXX Compliance Disclosure   Disclosure - Other:   File must contain a borrower signed Business Purpose Affidavit. Information Provided     09/15/2021     A 1 XXXXXXXXXX NJ I 1 C   A   A   A   N/A N/A C   A     Exempt 1
1266218 XXXXXXXXXX XXXXXXXXXX 6093250 72 XXXXXXXXXX Compliance Closing Package   Closing Package -    IEADS beginning balance of -XXXXXXXXXX does not match the final CD reflecting XXXXXXXXXX. Information Provided   Reviewer 09/15/2021 11:46 AM; outstanding

   09/23/2021   B 2 XXXXXXXXXX NJ I 1 C   A   A   A   N/A N/A C   A     Exempt 1
1266218 XXXXXXXXXX XXXXXXXXXX 6120374 1108 XXXXXXXXXX Valuation UW Collateral TPR   UW Collateral TPR - UW - Second collateral evaluation is required.     Clear Capital CDA dated XXXXXXXXXX received.     09/22/2021     A 1 XXXXXXXXXX NJ I 1 C   A   A   A   N/A N/A C   A     Exempt 1
1267840 XXXXXXXXXX XXXXXXXXXX 6116818 960 XXXXXXXXXX Credit Closing Package   Closing Package - IEADS Initial Escrow Account Disclosure Other   IEADS Initial Escrow Account Disclosure($XXXXXXXXXX) is not matching with last disclosed Cd in file ($XXXXXXXXXX)     Client 09/10/2021 11:20 AM; Final signed CD is correct, incorrect IEADS is EV2/B grade, please waive. Thank you.

 Reviewer 09/10/2021 01:50 PM; Client acknowledges the IEADS is incorrect and accepts EV2 rating.

 Reviewer 09/10/2021 01:50 PM; Hello,
 All set on this one.  Thanks!

 Reviewer 09/14/2021 07:26 AM; compliance to review

     09/10/2021 B 2 XXXXXXXXXX WA P 3 C   B   C   B   A   A   A   A     Non-QM 1
1267840 XXXXXXXXXX XXXXXXXXXX 6121544 851 XXXXXXXXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   Guideline- 2 active tradelines Deviation Request-Borrower has one open tradeline Compensating Factors-37% LTV, 3 paid auto loans, 1 paid mortgage, 5 years on job, 28% DTI and savings of $385 a month.    Guideline- 2 active tradelines Deviation Request-Borrower has one open tradeline Compensating Factors-37% LTV, 3 paid auto loans, 1 paid mortgage, 5 years on job, 28% DTI and savings of $385 a month.         09/13/2021 B 2 XXXXXXXXXX WA P 3 C   B   C   B   A   A   A   A     Non-QM 1
1267854 XXXXXXXXXX XXXXXXXXXX 6121616 1006 XXXXXXXXXX Credit UW Approval   UW Approval - UW Approval - 1008 or 92900 LT missing   1008 has interest rate of 4.125% and the Note has the interest rate of 3.999% document provided      09/14/2021     A 1 XXXXXXXXXX CA P 3 D   A   D   A   A   A   A   A     QM Safe Harbor 1
1267854 XXXXXXXXXX XXXXXXXXXX 6127570 1108 XXXXXXXXXX Valuation UW Collateral TPR   UW Collateral TPR - UW - Second collateral evaluation is required.     No CU Score provided or available. (Internal condition only - No action required by Correspondent). ***9/15/2021 received.      09/15/2021     A 1 XXXXXXXXXX CA P 3 D   A   D   A   A   A   A   A     QM Safe Harbor 1
1267856 XXXXXXXXXX XXXXXXXXXX 6127714 1108 XXXXXXXXXX Valuation UW Collateral TPR   UW Collateral TPR - UW - Second collateral evaluation is required.     No CU Score provided or available. (Internal condition only - No action required by Correspondent). ***9/15/2021 received     09/15/2021     A 1 XXXXXXXXXX MD P 1 A   A   A   A   A   A   A   A     Non-QM 1
1267858 XXXXXXXXXX XXXXXXXXXX 6128011 336 XXXXXXXXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other       Borrower does not meet the minimum residual income requirement. ***9/15/2021 exception granted, compensating factors: Low LTV, Good cash down payment , good credit,        09/15/2021 B 2 XXXXXXXXXX CA P 1 C   B   A   B   C   A   A   A     Non-QM 1
1267858 XXXXXXXXXX XXXXXXXXXX 6128013 1108 XXXXXXXXXX Valuation UW Collateral TPR   UW Collateral TPR - UW - Second collateral evaluation is required.     No CU Score provided or available. (Internal condition only - No action required by Correspondent).    Reviewer 09/15/2021 11:47 AM; reeived full appraisal, not 2nd collateral evaluation

 Client 09/15/2021 02:56 PM; 2 appraisals were used in lieu of a desk review. Thanks.

 Reviewer 09/16/2021 08:10 AM; we received the full appraisal again not the Second review appraisal, this is an internal condition no action required from client

 Reviewer 09/16/2021 10:59 PM; Escalation has been cleared

 09/16/2021     A 1 XXXXXXXXXX CA P 1 C   B   A   B   C   A   A   A     Non-QM 1
1267858 XXXXXXXXXX XXXXXXXXXX 6116819 898 XXXXXXXXXX Compliance Compliance   Compliance - TRID- Fee Tolerance Violation   Loan exceeds zero tolerance by $550 due to added Second Appraisal Fee with no valid coc. Please provide proof of $550 refund along with letter of explanation to borrower and PCCD reflecting cure. All must be issued within 60 days of consummation. Information Provided   Reviewer 09/13/2021 12:02 PM; NO documentation provided

 Reviewer 09/13/2021 12:02 PM; NO documentation provided

 Client 09/15/2021 12:34 PM; Appraisal invoice and PCCD uploaded to loan file breaking out XXXXXXXXXX and Appraisal fee. Refund should be $300.00, not $550.00. Please confirm and a PCCD and refund will be issued. Thank you.

 Reviewer 09/15/2021 01:49 PM; Hi XXXXXXXXXX 
Docs will be reviewed within 24 hours from upload.  Thanks!

 Reviewer 09/16/2021 07:25 AM; Nothing was provided to clear this deficiency.  Condition remains.

 Reviewer 09/16/2021 10:58 PM; Item is being reviewed by compliance`

 Client 09/17/2021 10:04 AM; Hi, can you please confirm refund amount is $300.00? Thank you!

 Reviewer 09/20/2021 09:02 AM; compliance to review

 Reviewer 09/20/2021 12:05 PM; UPDATE: Loan exceeds zero tolerance by $300 due to added Second Appraisal Fee with no valid coc. Please provide proof of $300 refund along with letter of explanation to borrower and PCCD reflecting cure. All must be issued within 60 days of consummation.

 Reviewer 09/20/2021 12:05 PM; Hi XXXXXXXXXX, 
Yes.  Condition has been updated.  Thanks!

09/22/2021     A 1 XXXXXXXXXX CA P 1 C   B   A   B   C   A   A   A     Non-QM 1
1267858 XXXXXXXXXX XXXXXXXXXX 6116820 902 XXXXXXXXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.     Information Provided     09/22/2021     A 1 XXXXXXXXXX CA P 1 C   B   A   B   C   A   A   A     Non-QM 1
1267858 XXXXXXXXXX XXXXXXXXXX 6116824 986 XXXXXXXXXX Compliance Compliance   Compliance - E-Consent- missing evidence of borrower’s e-consent prior to earliest e-signature event   Missing e-Consent dated 8/16/21. Information Provided     09/13/2021     A 1 XXXXXXXXXX CA P 1 C   B   A   B   C   A   A   A     Non-QM 1
1267869 XXXXXXXXXX XXXXXXXXXX 6114704 884 XXXXXXXXXX Compliance Compliance   Compliance - Pending Internal completion of compliance fee tests.  Additional conditions may apply.     Information Provided     09/10/2021     A 1 XXXXXXXXXX NJ P 3 C   A   C   A   C   A   A   A     Non-QM 1
1267869 XXXXXXXXXX XXXXXXXXXX 6114705 895 XXXXXXXXXX Compliance Compliance   Compliance - TRID CD- Need proof CD was received 3 days prior to consummation   Missing CD issued 3 days prior to consummation Information Provided     09/10/2021     A 1 XXXXXXXXXX NJ P 3 C   A   C   A   C   A   A   A     Non-QM 1
1267869 XXXXXXXXXX XXXXXXXXXX 6115394 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   Flood Certificate is missing. Information Provided     09/10/2021     A 1 XXXXXXXXXX NJ P 3 C   A   C   A   C   A   A   A     Non-QM 1
1267882 XXXXXXXXXX XXXXXXXXXX 6117002 902 XXXXXXXXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.     Information Provided     09/13/2021     A 1 XXXXXXXXXX UT I 1 C   A   A   A   N/A N/A A   A     Exempt 1
1267882 XXXXXXXXXX XXXXXXXXXX 6117006 901 XXXXXXXXXX Compliance Compliance   Compliance - TRID Other   Initial disclosures were delivered to the borrower electronically need e-consent form "08/13/2021" or prior signed by the borrowers. Information Provided     09/13/2021     A 1 XXXXXXXXXX UT I 1 C   A   A   A   N/A N/A A   A     Exempt 1
1267886 XXXXXXXXXX XXXXXXXXXX 6115732 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   Flood Certificate is missing Information Provided     09/10/2021     A 1 XXXXXXXXXX GA P 1 C   B   C   B   C   B   A   A     Non-QM 1
1267886 XXXXXXXXXX XXXXXXXXXX 6115225 884 XXXXXXXXXX Compliance Compliance   Compliance - Pending Internal completion of compliance fee tests.  Additional conditions may apply.     Information Provided     09/10/2021     A 1 XXXXXXXXXX GA P 1 C   B   C   B   C   B   A   A     Non-QM 1
1267886 XXXXXXXXXX XXXXXXXXXX 6115226 897 XXXXXXXXXX Compliance Compliance   Compliance - TRID CD- Other   Missing final CD signed at closing         09/10/2021   B 2 XXXXXXXXXX GA P 1 C   B   C   B   C   B   A   A     Non-QM 1
1267886 XXXXXXXXXX XXXXXXXXXX 6121434 321 XXXXXXXXXX Credit UW Credit   UW Credit - UW - Credit - Insufficient   Borrower only has 18 month credit history and needs 3 year history with 3 trades and 2 active   The exception for credit was granted with compensating factors of Strong reserves of over $134,000; low payment shock of 1.15; seasoned homeowner for over 4 years.       09/12/2021 B 2 XXXXXXXXXX GA P 1 C   B   C   B   C   B   A   A     Non-QM 1
1267886 XXXXXXXXXX XXXXXXXXXX 6121435 336 XXXXXXXXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   Missing Ability to Repay Certification document provided      09/14/2021     A 1 XXXXXXXXXX GA P 1 C   B   C   B   C   B   A   A     Non-QM 1
1267891 XXXXXXXXXX XXXXXXXXXX 6117490 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   Flood Certificate is missing. Information Provided     09/13/2021     A 1 XXXXXXXXXX FL I 1 C   A   C   A   N/A N/A A   A     Exempt 1
1267891 XXXXXXXXXX XXXXXXXXXX 6117584 970 XXXXXXXXXX Compliance Compliance   Compliance - CD- Missing   final CD is missing in file Information Provided     09/13/2021     A 1 XXXXXXXXXX FL I 1 C   A   C   A   N/A N/A A   A     Exempt 1
1267891 XXXXXXXXXX XXXXXXXXXX 6142409 861 XXXXXXXXXX Compliance Note   Note - Other:   Please confirm Prepayment Penalty. The Note in the file section 4 refers to attached Prepayment Note Addendum but the terms on the Prepayment Penalty Addendum are incomplete. The prepayment structure is blank. Please provide corrected Note and/or Prepayment Addendum and confirm the prepayment structure. Information Provided   Reviewer 09/21/2021 08:57 AM; Corrected Note not provided. Condition remains open.

 Client 09/21/2021 09:06 AM; Please escalate, note is not required per XXXXXXXXXX. The LOE has been sufficient in numerous other loans. Thank you.

 Reviewer 09/21/2021 11:36 AM; compliance to review

 Reviewer 09/21/2021 03:28 PM; Good Afternoon XXXXXXXXXX Condition has been cleared. Thank you, XXXXXXXXXX
 09/21/2021     A 1 XXXXXXXXXX FL I 1 C   A   C   A   N/A N/A A   A     Exempt 1
1267891 XXXXXXXXXX XXXXXXXXXX 6142582 265 XXXXXXXXXX Credit UW Collateral   UW Collateral - UW - FNMA 1007 / FNMA 216   FNMA 1007/ FMNMA 216 rent survey missing from file. Rental income used per appraisal report however only 10 days are being considered.  LOX from broker has been provided - condition has been cleared.     Client 09/20/2021 12:25 PM; Appraisal identifies rental income as $553 per day in rent. 1007 form was not required as this was used to determine rental income. Please see the underwriting analysis that addresses this in the income section. Thank you.

 Reviewer 09/21/2021 11:46 AM; cleared 9/21

 09/20/2021     A 1 XXXXXXXXXX FL I 1 C   A   C   A   N/A N/A A   A     Exempt 1
1267892 XXXXXXXXXX XXXXXXXXXX 6115443 960 XXXXXXXXXX Credit Closing Package   Closing Package - IEADS Initial Escrow Account Disclosure Other   CLDD calc reports 0.02 more than IEADS in file Information Provided     09/10/2021     A 1 XXXXXXXXXX IL P 13 C   A   C   A   A   A   A   A     Non-QM 1
1267892 XXXXXXXXXX XXXXXXXXXX 6115552 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.     Information Provided     09/10/2021     A 1 XXXXXXXXXX IL P 13 C   A   C   A   A   A   A   A     Non-QM 1
1267892 XXXXXXXXXX XXXXXXXXXX 6121420 336 XXXXXXXXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   Missing Ability to Repay Certification document provided      09/14/2021     A 1 XXXXXXXXXX IL P 13 C   A   C   A   A   A   A   A     Non-QM 1
1267893 XXXXXXXXXX XXXXXXXXXX 6114680 902 XXXXXXXXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.     Information Provided     09/13/2021     A 1 XXXXXXXXXX IA P 1 C   A   C   A   C   A   C   A     Non-QM 1
1267893 XXXXXXXXXX XXXXXXXXXX 6114681 920 XXXXXXXXXX Compliance Compliance   Compliance - TRID-Missing Final CD   Missing CD signed at closing. Provided.    Reviewer 09/09/2021 02:31 PM; CD should reflect closing date of XXXXXXXXXX and updated disbursement date. Disbursement should not occur prior to closing.

09/13/2021     A 1 XXXXXXXXXX IA P 1 C   A   C   A   C   A   C   A     Non-QM 1
1267893 XXXXXXXXXX XXXXXXXXXX 6116192 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   Flood Certificate is missing in the file. Provided.      09/13/2021     A 1 XXXXXXXXXX IA P 1 C   A   C   A   C   A   C   A     Non-QM 1
1267893 XXXXXXXXXX XXXXXXXXXX 6126798 272 XXXXXXXXXX Valuation UW Collateral   UW Collateral - UW - Appraisal Other   PUD/HOA information needed. received     09/15/2021     A 1 XXXXXXXXXX IA P 1 C   A   C   A   C   A   C   A     Non-QM 1
1267895 XXXXXXXXXX XXXXXXXXXX 6106275 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   flood cert not in bundle Information Provided     09/10/2021     A 1 XXXXXXXXXX MA I 13 C   A   C   A   N/A N/A A   A     Exempt 1
1267895 XXXXXXXXXX XXXXXXXXXX 6134226 861 XXXXXXXXXX Compliance Note   Note - Other:   Please confirm Prepayment Penalty. The Note in the file section 4 refers to attached Prepayment Note Addendum but the terms on the Prepayment Penalty Addendum are incomplete. The prepayment term is blank (If within ( blank ) months from the date of the Security Instrument...) Please provide corrected Note and/or Prepayment Addendum and confirm the prepayment terms. Information Provided   Client 09/15/2021 04:08 PM; Per final signed CD, there is no prepayment on this loan, therefore the prepayment addendum is invalid. This is consistent with the way this has been handled in the past, as a CD indicating there is No prepay has sufficed in past situations. Please escalate if needed. Thank you.

 Reviewer 09/15/2021 04:39 PM; hi XXXXXXXXXX, this is not the same situation as prior situations. In the past a letter of explanation was sent with a revised CD to the borrower indicating that the references to the prepayment penalty on the Note have been removed and making them aware that they were not bound by a prepayment penalty even though the Note they signed references a prepayment penalty. This file just has contradicting information right now with no explanation for the missing Prepayment Pen

 Client 09/15/2021 04:45 PM; Hi XXXXXXXXXX, thanks for expanding. Would a LOE along with sending the CD they signed at closing suffice to cure, as that would clarify there is no prepayment on the loan?

 Reviewer 09/16/2021 08:04 AM; Good Morning XXXXXXXXXX, An LOE along w/ a copy of the CD signed at closing will be acceptable (and fall in line with what we have done in the past to document this). Please let me know if you have any other questions. Thank you! XXXXXXXXXX

 Reviewer 09/17/2021 04:42 AM; Outstanding.

 Reviewer 09/17/2021 07:33 AM; compliance to review

 Reviewer 09/17/2021 07:34 AM; compliance to review

 Client 09/17/2021 10:02 AM; Per XXXXXXXXXX, the LOE and final signed CD sent to borrower is sufficient to clear finding. Please escalate, thank you!

 Reviewer 09/17/2021 11:09 AM; Compliance is reviewing

 Reviewer 09/17/2021 01:15 PM; Good Afternoon, Condition has been cleared. Thank you and happy Friday! XXXXXXXXXX
 09/17/2021     A 1 XXXXXXXXXX MA I 13 C   A   C   A   N/A N/A A   A     Exempt 1
1267898 XXXXXXXXXX XXXXXXXXXX 6116733 986 XXXXXXXXXX Compliance Compliance   Compliance - E-Consent- missing evidence of borrower’s e-consent prior to earliest e-signature event   Missing e-Consent dated 8/11/21. Information Provided     09/13/2021     A 1 XXXXXXXXXX CA P 1 C   A   A   A   C   A   A   A     Non-QM 1
1267902 XXXXXXXXXX XXXXXXXXXX 6115882 920 XXXXXXXXXX Compliance Compliance   Compliance - TRID-Missing Final CD   Final CD is missing in the file Information Provided     09/10/2021     A 1 XXXXXXXXXX FL P 1 C   A   C   A   C   A   A   A     Non-QM 1
1267902 XXXXXXXXXX XXXXXXXXXX 6115883 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.   Flood Certificate is missing in the file Information Provided     09/10/2021     A 1 XXXXXXXXXX FL P 1 C   A   C   A   C   A   A   A     Non-QM 1
1275402 XXXXXXXXXX XXXXXXXXXX 6134319 187 XXXXXXXXXX Credit Flood Certificate   Flood Certificate - is missing.     Information Provided     09/16/2021     A 1 XXXXXXXXXX FL P 1 C   A   C   A   C   A   A   A     Non-QM 1
1275402 XXXXXXXXXX XXXXXXXXXX 6134449 959 XXXXXXXXXX Credit Closing Package   Closing Package - IEADS Initial Escrow Account Disclosure Missing or Incorrect   The beginning balance of the Initial Escrow Account Disclosure in file does not match The balance shown on the Closing Disclosure in file. Information Provided     09/16/2021     A 1 XXXXXXXXXX FL P 1 C   A   C   A   C   A   A   A     Non-QM 1
1275402 XXXXXXXXXX XXXXXXXXXX 6134454 72 XXXXXXXXXX Compliance Closing Package   Closing Package -    Final Closing Disclosure is missing from file. Information Provided     09/16/2021     A 1 XXXXXXXXXX FL P 1 C   A   C   A   C   A   A   A     Non-QM 1