CSMC 2021-NQM7 Trust ABS-15G

Exhibit 99.6

Client Name:
Client Project Name:		CSMC 2021-NQM7
Start - End Dates:		1/11/2017 - 9/18/2021
Deal Loan Count:		107
Conditions Report 2.0
Loans in Report:		107
Loans with Conditions:		89
3 - Total Active Conditions
	3 - Non-Material Conditions
			2 - Credit Review Scope
				1 - Category: Credit/Mtg History
				1 - Category: Terms/Guidelines
			1 - Compliance Review Scope
				1 - Category: Federal Consumer Protection
146 - Total Satisfied Conditions
			17 - Credit Review Scope
				4 - Category: Application
				2 - Category: Income/Employment
				7 - Category: Insurance
				1 - Category: Legal Documents
				3 - Category: Terms/Guidelines
			76 - Property Valuations Review Scope
				75 - Category: Appraisal
				1 - Category: FEMA
			53 - Compliance Review Scope
				1 - Category: Compliance Manual
				1 - Category: Federal Consumer Protection
				9 - Category: Right of Rescission
				42 - Category: TILA/RESPA Integrated Disclosure
0 - Total Waived Conditions
©2021 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited.

Client Name:
Client Project Name:	CSMC 2021-NQM7
Start - End Dates:	1/11/2017 - 9/18/2021
Deal Loan Count:	107
Conditions Report 2.0
Loans in Report:	107
Loans with Conditions:	89

Loan Number

Original Principal Balance

State

Initial Lender ATR/QM Status

Loan Level ATR/QM Status

Initial Securitization Overall Loan Grade

Final Securitization Overall Loan Grade

Initial Securitization Credit Loan Grade

Final Securitization Credit Loan Grade

Initial Securitization Property Valuations Loan Grade

Final Securitization Property Valuations Loan Grade

Initial Securitization Compliance Loan Grade

Final Securitization Compliance Loan Grade

Initial S&P Overall Loan Grade

Final S&P Overall Loan Grade

Initial S&P Credit Loan Grade

Final S&P Credit Loan Grade

Initial S&P Property Valuations Loan Grade

Final S&P Property Valuations Loan Grade

Initial S&P Compliance Loan Grade

Final S&P Compliance Loan Grade

Condition Category

Condition Sub Category

Condition Status

Initial Securitization Condition Grade

Final Securitization Condition Grade

Initial S&P Condition Grade

Final S&P Condition Grade

Condition Code

Condition Description

Condition Material Indicator

Initial Comments

Client/Seller Response Comments

Conclusion Comments

TRID Error Type

Cure Method

Compensating Factors

433663295

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

06.22.21 Updated value received, appraised value supported.

06.22.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post close assets are $510,342.03 or 169.68 months P&I, required P&I reserves are 12 x $3,007.72 = $36,092.64 CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI > 10 points below guideline maximum of 49% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Median score > 50 points above guideline minimum CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has owned and resided in subject residence for 10 years.

433733562

XXXXXX

CA

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Application

Satisfied

D

A

D

A

CRDAPP3822

Missing or incomplete documentation related to citizenship/residency

No

Missing Current I-94.  I-94 in file reflects Admit unit XXX.  NOTE: XXX passport in file.

8.13.21 - Lender provided I94 documentation

8.13.21 - Exception satisfied

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 52.38% is > 10 points below the program max LTV of 75%. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has been at current residence for 16 years

433733562

XXXXXX

CA

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER3122

Loan documents do not meet guideline requirements

No

Missing executed Lease Agreement.  Subject is a cash out refinance.

9/15/21 - Lender provided copies of the missing executed copy of the lease.

9/15/21 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 52.38% is > 10 points below the program max LTV of 75%. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has been at current residence for 16 years

433733563

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

Right of Rescission

Satisfied

C

B

C

B

CMPROR2330

ROR - Disbursement date is before end of statutory rescission period

No

Disbursement date of XXX on CD XXX is before end of statutory rescission period XXX on the ROR.

08/31/2021  Client provided PCCD XXX.

08/31/2021 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  6 years in current residence CFCFS2854: Significant time in profession - Clayton Comments:  41 years in profession CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV 61.23%. Maximum allowable 75% CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is 0x30x17 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Assets: $63,653.17 or 19.47Required P&I reserves are $3268.15 X 6=$19,608.90 CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is > 10 points above guideline maximum of 700

433733563

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.08.21 Updated value received, appraised value supported.

07.08.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  6 years in current residence CFCFS2854: Significant time in profession - Clayton Comments:  41 years in profession CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV 61.23%. Maximum allowable 75% CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is 0x30x17 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Assets: $63,653.17 or 19.47Required P&I reserves are $3268.15 X 6=$19,608.90 CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is > 10 points above guideline maximum of 700

431115371

XXXXXX

GA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3604

TRID - Error discovered on Closing Disclosure

No

'-Numeric Material Error - CD XXX: Adjustable Interest Rate (AIR) Table has an incomplete index. Index is entered only as LIBOR, and is missing the "12 Month XXX" to match the Note and ARM Rider.

3.19.20 Received PCCD from client.

3.19.20 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Guidelines 660 FICO; Borrower FICO 671 CFCFS1744: DTI below guideline requirement - Clayton Comments:  Guidelines 49% DTI; Borrower DTI 43.36% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post Close Assets are $34,499.28  or 16.57 months of P&I Required P&I  Reserves are $1525.46 x 6 = $ 9152.76

431115371

XXXXXX

GA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Property Valuations

Appraisal

Satisfied

N/A

A

N/A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

03.20.20 Updated value received, appraised value supported.

03.20.20 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Guidelines 660 FICO; Borrower FICO 671 CFCFS1744: DTI below guideline requirement - Clayton Comments:  Guidelines 49% DTI; Borrower DTI 43.36% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post Close Assets are $34,499.28  or 16.57 months of P&I Required P&I  Reserves are $1525.46 x 6 = $ 9152.76

431100080

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

Missing evidence of safety release latches on barred bedroom windows. Guidelines state there must be a quick release on at least one window in each bedroom, Appraiser states there were no safety release latches observe don the barred bedroom windows.

1/13/2020: Lender supplied 1004D with safety bars removed form windows

1/13/2020: Exception Satisfied

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  50.00% LTV exceeds guidelines of 85.00% LTV CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has lived at current residence 5 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been at current job 15 years. CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI 46.69% is below guideline requirement of 50.00% DTI CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Cash to the borrower $64,200.95 No reserves required

431115463

XXXXXX

UT

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

03.11.20 Updated value received, appraised value supported.

03.11.20 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower with current employer for the past 10 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Assets:Borrower's Post Close Assets are $193,19.46 or 37.69 months of P&IRequired P&I Reserves are $5,120.85 x 6 = $30,725.10 CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower's representative score is 687, minimum allowed for65% LTV is 660

433733574

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Insurance

Satisfied

C

A

C

A

CRDINSR5351

Insurance Effective date is greater than the transaction date

No

Insurance effective date of XXX is after the subject funding date XXX; the current HOI policy showing an active insurance policy during origination through the funding date is required.

8.17.21 - Lender provided PCCD showing disbursement date XXX.

8.17.21 - Exception satisfied

Not Applicable

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV 50% below guideline requirements of 85% CFCFS1736: Significant time at current residence - Clayton Comments:  15 years time at current residence CFCFS1734: Borrower has significant time at current job - Clayton Comments:  9 years  time at current job CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is > 10 points above guideline maximum of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is 0x30x37

433733574

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.01.21 Updated value received, appraised value supported.

07.01.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV 50% below guideline requirements of 85% CFCFS1736: Significant time at current residence - Clayton Comments:  15 years time at current residence CFCFS1734: Borrower has significant time at current job - Clayton Comments:  9 years  time at current job CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is > 10 points above guideline maximum of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is 0x30x37

433319971

XXXXXX

FL

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

04.29.21 Updated value received, appraised value supported.

04.29.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV is 40.91% below guideline maximum of 70% CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI 46.31 below 49% per guideline CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been with current employer 7 years

433319999

XXXXXX

CA

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is 0x30x99 CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is > 10 points above guideline maximum of 700 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Assets are $48,860.12 or 18.32 months PITIRequired reserves are 3 months PITI

433320003

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of 82.17 months P&I exceeds guideline minimum of 12 months. CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI > 10 points below guideline maximum of 49% CFCFS1750: High potential for increased earnings - Clayton Comments:  Median score > 80 points above guideline minimum.

433320003

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Insurance

Satisfied

C

A

C

A

CRDINSR5351

Insurance Effective date is greater than the transaction date

No

Disbursement date XXX, Insurance effective date XXX

6.4.21 - Lender provided PCCD showing disbursement date as XXX.

6.4.21 - Exception satisfied.

Not Applicable

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of 82.17 months P&I exceeds guideline minimum of 12 months. CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI > 10 points below guideline maximum of 49% CFCFS1750: High potential for increased earnings - Clayton Comments:  Median score > 80 points above guideline minimum.

433320003

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

04.29.21 Updated value received, appraised value supported.

04.29.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of 82.17 months P&I exceeds guideline minimum of 12 months. CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI > 10 points below guideline maximum of 49% CFCFS1750: High potential for increased earnings - Clayton Comments:  Median score > 80 points above guideline minimum.

433888103

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions. Exception satisfied. Final Grade A.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS2860: Good credit history - Clayton Comments:  over 700 score CFCFS1734: Borrower has significant time at current job - Clayton Comments:  since XXX CFCFS1739: Postive mortgage payment history - Clayton Comments:  no late payments in past 12months

433320012

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

A

A

A

A

D

B

D

B

A

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3966

TRID - CD: The Will Not Have an Escrow Account in the CD Loan Disclosures section is selected and both or neither of You declined it and/or Your lender does not offer one are selected

No

CD XXX: The Will Not Have an Escrow Account in the CD Loan Disclosures section is selected and both or neither of You declined it and/or Your lender does not offer one are selected.

06/25/2021  Client provided PCCD XXX.

06/25/2021 - Exception satisfied.

Non-Numeric

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments:  The borrower has been in the same profession for 3 years CFCFS2860: Good credit history - Clayton Comments:  The borrower has a good credit history with no derogatory credit history CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI 36.58 is bellow the guideline max of 50

433320012

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

A

A

A

A

D

B

D

B

A

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID5107

TRID - Seller CD not in file; need in order to complete fee entry

No

Seller CD missing from file.

06/23/2021  Client provided

06/23/2021 - Exception satisfied.

Not Applicable

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments:  The borrower has been in the same profession for 3 years CFCFS2860: Good credit history - Clayton Comments:  The borrower has a good credit history with no derogatory credit history CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI 36.58 is bellow the guideline max of 50

433320012

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

A

A

A

A

D

B

D

B

A

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

N/A

A

N/A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A. ***Triggered during condition clearing***

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments:  The borrower has been in the same profession for 3 years CFCFS2860: Good credit history - Clayton Comments:  The borrower has a good credit history with no derogatory credit history CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI 36.58 is bellow the guideline max of 50

433320012

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

A

A

A

A

D

B

D

B

A

A

A

A

D

B

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

05.04.21 Updated value received, appraised value supported.

05.04.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments:  The borrower has been in the same profession for 3 years CFCFS2860: Good credit history - Clayton Comments:  The borrower has a good credit history with no derogatory credit history CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI 36.58 is bellow the guideline max of 50

433320017

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID5107

TRID - Seller CD not in file; need in order to complete fee entry

No

Seller CD missing from file.

06/15/2021  Client provided Seller CD dated XXX.

06/15/2021 - Exception satisfied.

Not Applicable

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI 36.55 (Max 49% DTI) CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Representatives scores: 760 CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments:  mortgage show 0x30

433320017

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

N/A

A

N/A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A. ***Triggered during condition clearing***

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI 36.55 (Max 49% DTI) CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Representatives scores: 760 CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments:  mortgage show 0x30

433320017

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Updated valuation in file dated XXX

04.30.21 Updated value received, appraised value supported.

04.30.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI 36.55 (Max 49% DTI) CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Representatives scores: 760 CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments:  mortgage show 0x30

433320025

XXXXXX

CA

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC3258

Missing Profit and Loss statement for one or more Self Employed borrowers

No

Missing P&L for XXX

6.30.2021 Received 15 month P&L supporting monthly income of $72,512.62

6.30.2021 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has post close assets of $873,266.27 or 310.01 months P&I reserves Required P&I reserves are $2,816.90 x 12=$33,802.80 CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV is 71.52%. Maximum allowable is 85% CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI is 19.12%. Maximum allowable is 49%

433320025

XXXXXX

CA

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Income/Employment

Satisfied

N/A

A

N/A

A

CRDINC2408

Income verification does not meet guidelines

No

Missing P&L for XXX

6.30.2021 Received 15 month P&L supporting monthly income of $72,512.62

6.30.2021 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has post close assets of $873,266.27 or 310.01 months P&I reserves Required P&I reserves are $2,816.90 x 12=$33,802.80 CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV is 71.52%. Maximum allowable is 85% CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI is 19.12%. Maximum allowable is 49%

433320025

XXXXXX

CA

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Insurance

Satisfied

C

A

C

A

CRDINSR5351

Insurance Effective date is greater than the transaction date

No

HOI Effective date: XXXFinal CD Disbursement date: XXX

6.23.21 - Lender provided PCCD showing disbursement date as XXX

6.23.21 - Exception satisfied.

Not Applicable

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has post close assets of $873,266.27 or 310.01 months P&I reserves Required P&I reserves are $2,816.90 x 12=$33,802.80 CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV is 71.52%. Maximum allowable is 85% CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI is 19.12%. Maximum allowable is 49%

433320025

XXXXXX

CA

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

05.07.21 Updated value received, appraised value supported.

05.07.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has post close assets of $873,266.27 or 310.01 months P&I reserves Required P&I reserves are $2,816.90 x 12=$33,802.80 CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV is 71.52%. Maximum allowable is 85% CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI is 19.12%. Maximum allowable is 49%

433663303

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

Right of Rescission

Satisfied

C

B

C

B

CMPROR2330

ROR - Disbursement date is before end of statutory rescission period

No

Disbursement date of XXX on Final CD XXX is before end of statutory rescission period XXX on the ROR.

08/06/2021  Client provided PCCD XXX.

08/06/2021 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been in same job for 10 years. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is 0x30x46 CFCFS2854: Significant time in profession - Clayton Comments:  10 years in profession CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI 38.93% . Maximum allowable 49% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower Credit score 795. Minimum allowable 720

433663303

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

06.22.21 Updated value received, appraised value supported.

06.22.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been in same job for 10 years. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is 0x30x46 CFCFS2854: Significant time in profession - Clayton Comments:  10 years in profession CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI 38.93% . Maximum allowable 49% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower Credit score 795. Minimum allowable 720

433733584

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI 37.58%; Guidelines require 49% CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has 7 years of job profession CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower Credit score 675; Guidelines require 660 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower's Post Close Assets are $381,642.34 or 43.15 months of P&I reserves Required P&I Reserves are $8,843.13 X 12 months = $106,117.56

433320056

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions. Exception satisfied. Final Grade A.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Assets are $187,063.54 or 102.43 months P&I Required reserves are 12 months P&I at $1826.11x12= $21,913.32 CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is > 10 points above guideline maximum of 700 CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI > 10 points below guideline maximum of 49%

433320056

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Insurance

Satisfied

D

A

D

A

CRDINSR848

Missing Hazard Insurance

No

Missing Hazard Insurance declaration page

6.18.21 - Lender provided master policy

6.18.21 - Exception satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Assets are $187,063.54 or 102.43 months P&I Required reserves are 12 months P&I at $1826.11x12= $21,913.32 CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is > 10 points above guideline maximum of 700 CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI > 10 points below guideline maximum of 49%

433320056

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

05.05.21 Updated value received, appraised value supported.

05.05.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Assets are $187,063.54 or 102.43 months P&I Required reserves are 12 months P&I at $1826.11x12= $21,913.32 CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is > 10 points above guideline maximum of 700 CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI > 10 points below guideline maximum of 49%

433621310

XXXXXX

NH

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  769 qualifying score. Min required per guidelines is 660 CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has resided in current owner occupied residence for 6 years.

433621311

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

06.17.21 Updated value received, appraised value supported.

06.17.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 50.03% below maximum of 85% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrowers qualifying credit of 810 exceed guideline requirement of 700 with 110 points. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower's post close Assets are $177,191.53 or 41.98 months of P&I reserves.Required P&I reserves are $4,220.84 x 6 =$25,325.04

433621312

XXXXXX

IL

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

05.13.21 Updated value received, appraised value supported.

05.13.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI is 13.32%. Maximum allowable is 49% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower credit score is 795. Minimum allowable is 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has post close assets of $106,944.47 or 29.72 months of P&I reservesRequired P&I reserves are $3,598.62 x 12=$43,183.44

433621314

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID5107

TRID - Seller CD not in file; need in order to complete fee entry

No

Missing Seller CD

07/07/2021  Client provided Seller CD.

07/07/2021 - Exception satisfied.

Not Applicable

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  701 mid score > minimum required of 680 CFCFS1737: LTV below guideline requirements - Clayton Comments:  75% LTV < maximum permitted of 85%

433621314

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

N/A

A

N/A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A. ***Triggered during condition clearing***

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  701 mid score > minimum required of 680 CFCFS1737: LTV below guideline requirements - Clayton Comments:  75% LTV < maximum permitted of 85%

433621314

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

05.07.21 Updated value received, appraised value supported.

05.07.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  701 mid score > minimum required of 680 CFCFS1737: LTV below guideline requirements - Clayton Comments:  75% LTV < maximum permitted of 85%

433733587

XXXXXX

MD

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

No

Zero percent tolerance increase between CD XXX by $43. The Loan Amount (point) increased without valid documentation.

08/06/2021  Client provided another copy of the Final CD XXX. Clayton has reviewed, and per the DocMagic eSign Cert on pg 355, it appears the file is missing the COC and CD issued on XXX.08/11/2021  Client provided COC and CD dated XXX.

08/11/2021 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV is 59.41%. Maximum allowable is 85% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower credit score is 783. Minimum required is 720 CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI is 38.27%. Maximum allowable is 50%

433733587

XXXXXX

MD

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

06.29.21 Updated value received, appraised value supported.

06.29.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV is 59.41%. Maximum allowable is 85% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower credit score is 783. Minimum required is 720 CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI is 38.27%. Maximum allowable is 50%

433807773

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower credit score is 782. Minimum required is 720 CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV is 68.52%. Maximum allowable is 85% CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI is 40.53%. Maximum allowable is 49% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has post close assets of $215,409.64 or 35.03 months of P&I reservesRequired P&I reserves are $6,149.25x12=$73,791.00

433807773

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.13.21 Updated value received, appraised value supported.

07.13.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower credit score is 782. Minimum required is 720 CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV is 68.52%. Maximum allowable is 85% CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI is 40.53%. Maximum allowable is 49% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has post close assets of $215,409.64 or 35.03 months of P&I reservesRequired P&I reserves are $6,149.25x12=$73,791.00

433733592

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.01.21 Updated value received, appraised value supported.

07.01.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been on the same job for the past 9 years CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments:  Co borrower has been on the same job for the past 8 years and 11 months CFCFS1736: Significant time at current residence - Clayton Comments:  Borrowers have resided at the same residence for the past 16 years and 7 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is > 10 points above guideline maximum of 720 CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI > 10 points below guideline maximum of 49% CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV > 10 points below guideline maximum of 85%

433733593

XXXXXX

CA

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Application

Satisfied

D

A

D

A

CRDAPP3822

Missing or incomplete documentation related to citizenship/residency

No

Missing I-94.  Note: Visa and Passport in file. Borrower is a Foreign National.

8.19.21 - Lender provided I-797

8.19.21 - Exception satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Back DTI below guidelines 30.45% CFCFS3836: Borrower Net Worth - Clayton Comments:  Borrower has real estate assets as well as amole cash resources. CFCFS1734: Borrower has significant time at current job - Clayton Comments:  4 years on current job.

433733594

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

Right of Rescission

Satisfied

C

B

C

B

CMPROR2330

ROR - Disbursement date is before end of statutory rescission period

No

CD XXX disbursement date reflects XXX.Right to cancel reflects date to cancel of XXX.Loan closed/disbursed prior to end of statutory rescission period.Lender must reopen ROR to the borrower, provide corrected CD, and LOX to borrower citing specific reason for corrected CD; Within 60 days of discovery.

08/07/2021  Client provided PCCD XXX.

08/07/2021 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 60% below maximum of 85% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrowers qualifying credit of 764 exceed guideline requirement of 700 with 64 points. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower's post close Assets are $148,392.47 or 41.89 months of P&I reserves.Required P&I reserves are $3,541.97  x 6 = $21,251.82

433807776

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

Right of Rescission

Satisfied

C

B

C

B

CMPROR2330

ROR - Disbursement date is before end of statutory rescission period

No

CD XXX disbursement date reflects XXX.Right to cancel reflects date to cancel of XXX.Loan closed/disbursed prior to end of statutory rescission period.Lender must reopen ROR to the borrower, provide corrected CD, and LOX to borrower citing specific reason for corrected CD Within 60 days of discovery.

9/17/21 - Lender provided a PCCD reflecting a disbursement date of XXX and the ROR ending XXX.

9/17/21 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Assets:Post Close Assets are $33,478.21 or 16.63 months of P&IRequired P&I Reserves are $2,012.61 x 6 = $12,075.66 CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV > 10 points below guideline maximum of 85% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score of 763 exceeds guideline minimum score 720 CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI of 42.51% is below guideline maximum DTI 49%

433733596

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

Right of Rescission

Satisfied

C

B

C

B

CMPROR2330

ROR - Disbursement date is before end of statutory rescission period

No

CD XXX disbursement date reflects XXX.Right to cancel reflects date to cancel of XXX.Loan closed/disbursed prior to end of statutory rescission period.Lender must reopen ROR to the borrower, provide corrected CD, and LOX to borrower citing specific reason for corrected CD Within 60 days of discovery.

08/06/2021  Client provided PCCD XXX.

08/06/2021 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 26.91% below maximum of 85% CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI of 37.07% below maximum of 49% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrowers qualifying credit of 780 exceed guideline requirement of 700 with 80 points.

433733596

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

06.22.21 Updated value received, appraised value supported.

06.22.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 26.91% below maximum of 85% CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI of 37.07% below maximum of 49% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrowers qualifying credit of 780 exceed guideline requirement of 700 with 80 points.

433663330

XXXXXX

CA

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments:  16.54% LTV significantly below Lender guidelines. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  754 credit score exceeds guidelines.

433652296

XXXXXX

CA

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV is 44.44%. Maximum allowable is 75% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower credit score is 761. Minimum required is 700 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has post close assets of $574,115.81 or 141.96 months of PITIA reservesRequired PITIA Reserves are $4,044.20x3=$12,132.60

433733602

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

Right of Rescission

Satisfied

C

B

C

B

CMPROR2330

ROR - Disbursement date is before end of statutory rescission period

No

CD XXX disbursement date reflects XXX.Right to cancel reflects date to cancel of XXX.Loan closed/disbursed prior to end of statutory rescission period.Lender must reopen ROR to the borrower, provide corrected CD, and LOX to borrower citing specific reason for corrected CD; Within 60 days of discovery

08/17/2021  Client provided PCCD XXX.

08/17/2021 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been on the same job for the past 2 years and 4 months CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has resided at the same residence for the past 7 years.

433733606

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV > 10 points below guideline maximum of 85% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score of 813 exceeds guideline minimum score CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI of 34.57% is below guideline maximum DTI.

433807781

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.15.21 Updated value received, appraised value supported.

07.15.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 45.15% below maximum of 85% CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI of 42.53% below maximum of 49% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrowers qualifying credit of 807 exceed guideline requirement of 720 with 87 points. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is 0x30x47

433733615

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

06.25.21 Updated value received, appraised value supported.

06.25.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI of 37.78% below maximum of 49% CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 74.55% below maximum of 85% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrowers qualifying credit of 796 exceed guideline requirement of 700 with 96 points.

433807783

XXXXXX

NJ

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.01.21 Updated value received, appraised value supported.

07.01.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has 120.42 months of P&I reserves; Guidelines require 3 months P&I reserves CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV 60.15%; Guidelines require 85% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower Credit score 777; Guidelines require 720

433652307

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Median score > 80 points above guideline minimum.

433652307

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

06.18.21 Updated value received, appraised value supported.

06.18.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Median score > 80 points above guideline minimum.

433733625

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

06.15.21 Updated value received, appraised value supported.

06.15.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 69.98% below maximum of 85% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrowers qualifying credit of 797 exceed guideline requirement of 700 with 97 points. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower's post close Assets are $167,847.75 or 37.38 months of P&I reserves.Required P&I reserves are $4,489.23 x 12  = $53,870.76

433733628

XXXXXX

CA

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI is 44.66%. Maximum allowable is 49% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has post close assets of $45,543.93 or 22.58 months of P&I reservesRequired P&I reserves are $2,194.26x12=$26,331.12 CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been on same job for 12 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is > 10 points above guideline maximum of 700

433663372

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of 38.89 months P&I exceeds guideline minimum of 12 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Median score > 70 points above guideline minimum

433888109

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

Right of Rescission

Satisfied

C

B

C

B

CMPROR2330

ROR - Disbursement date is before end of statutory rescission period

No

Disbursement date of XXX on CD XXX is before end of statutory rescission period XXX on the ROR.

08/17/2021  Client provided PCCD XXX.

08/17/2021 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of 9.73 months P&I exceeds guideline minimum of 6 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Median score > 120 points above guideline minimum CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV > 30 points below guideline maximum of 85%

433888109

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation.

08.09.21 Updated value received, appraised value supported.

08.09.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of 9.73 months P&I exceeds guideline minimum of 6 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Median score > 120 points above guideline minimum CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV > 30 points below guideline maximum of 85%

433807789

XXXXXX

PA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

A

A

C

A

A

A

C

A

A

A

C

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.16.21 Updated value received, appraised value supported.

07.16.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI is 30.83%. Maximum allowable is 49% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower credit score is 792. Maximum allowable is 720

433807789

XXXXXX

PA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

A

A

C

A

A

A

C

A

A

A

C

A

A

A

Property Valuations

FEMA

Satisfied

C

A

C

A

PRVAFEMA217

Natural Disaster Area, no subsequent inspection (Individual)

No

Missing Post XXX

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI is 30.83%. Maximum allowable is 49% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower credit score is 792. Maximum allowable is 720

433663393

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

06.25.21 Updated value received, appraised value supported.

06.25.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI is 40.81%. Maximum allowable is 49% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has post close assets of $132,601.17 or 19.05 months of P&I reservesRequired P&I reserves are $6,957.77x12=$83,493.24

433807791

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

Federal Consumer Protection

Satisfied

B

A

B

A

CMPFDCP847

TILA - ARM Loan Program Disclosure after 3 days from application

No

ARM Loan Program Disclosure after 3 days from application

9/22/21 - Lender provided the Early ARM Disclosure.

9/22/21 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower credit score is 742. Minimum required is 680 CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV is 56.16%. Maximum allowable is 65% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has post close assets of $245,851.93 or 17.30 months of P&I reservesRequired P&I reserves are $14,204.73x6=$85,228.38 CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI is 38.53%. Maximum allowable is 49%

433807791

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

Right of Rescission

Satisfied

B

B

B

B

CMPROR118

ROR - Disbursement date is on/before disclosed "midnight of" date

No

CD XXX disbursement date reflects XXX. Right to cancel reflects date to cancel of XXX.

9/22/21 - Lender provided a Post Close CD reflecting a disbursement date of XXX.

9/22/21 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower credit score is 742. Minimum required is 680 CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV is 56.16%. Maximum allowable is 65% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has post close assets of $245,851.93 or 17.30 months of P&I reservesRequired P&I reserves are $14,204.73x6=$85,228.38 CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI is 38.53%. Maximum allowable is 49%

433807791

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID4020

TRID - CD: The Interest Only Term on the Loan Terms section of the Final Closing Disclosure does not match the Interest Only Term on the Note

No

IO term 84 vs 85: Claytons Eclas system uses IO term of 84 months - TRID IO term is Starting in year 8. Meaning one and same. Triggered in error.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower credit score is 742. Minimum required is 680 CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV is 56.16%. Maximum allowable is 65% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has post close assets of $245,851.93 or 17.30 months of P&I reservesRequired P&I reserves are $14,204.73x6=$85,228.38 CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI is 38.53%. Maximum allowable is 49%

433733638

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.08.21 Updated value received, appraised value supported.

07.08.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV 55.26% below minimum 70% CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been on current job for the past 2 years and 4 months. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has resided at the same residence for the past 5 years and 2 months.

433733643

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score of 783 exceeds guideline minimum score of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI of 35.26% is below guideline maximum DTI of 49%. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV > 10 points below guideline maximum of 85%

433663398

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID5107

TRID - Seller CD not in file; need in order to complete fee entry

No

seller CD in file

08/07/2021  Client provided Seller CD.

08/07/2021 - Exception satisfied.

Not Applicable

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI 37.74%. Maximum allowable 49% CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV 65%. Maximum allowable 85%

433663398

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

N/A

A

N/A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A. ***Triggered during condition clearing***

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI 37.74%. Maximum allowable 49% CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV 65%. Maximum allowable 85%

433663398

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Application

Satisfied

D

A

D

A

CRDAPP3822

Missing or incomplete documentation related to citizenship/residency

No

Missing passport and I-94.  Note: Expired CA DL in file with 4 year Employment Authorization Card.

9.7.21 - Lender provided guides showing valid EAD showing min of 90 days remaining 8.26.21 - Lender provided valid EAD and expired driver's license.

9.7.21 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI 37.74%. Maximum allowable 49% CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV 65%. Maximum allowable 85%

433733646

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

06.29.21 Updated value received, appraised value supported.

06.29.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  764 credit score exceeds guidelines. CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI 39.83% is less than 49% per guideline

433663406

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower's DTI is 43.58% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower's representative score is 710

433663406

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

06.23.21 Updated value received, appraised value supported.

06.23.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower's DTI is 43.58% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower's representative score is 710

433733653

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

06.30.21 Updated value received, appraised value supported.

06.30.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 75% below maximum of 85% CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI of 40.14% below maximum of 49% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrowers qualifying credit of 749 exceed guideline requirement of 700 with 49 points.

433733654

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI 39.44%. Maximum required 49% CFCFS2854: Significant time in profession - Clayton Comments:  20 years in line of profession CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV 70%. Maximum allowable 85%

433733654

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.08.21 Updated value received, appraised value supported.

07.08.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI 39.44%. Maximum required 49% CFCFS2854: Significant time in profession - Clayton Comments:  20 years in line of profession CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV 70%. Maximum allowable 85%

433652332

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI is 40.49%. Maximum allowable is 49% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower credit score is 766. Minimum required is 720

433652332

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

06.22.21 Updated value received, appraised value supported.

06.22.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI is 40.49%. Maximum allowable is 49% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower credit score is 766. Minimum required is 720

433733655

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD.

(No Data)

This exception is informational per Clayton Compliance department and TRID 2.0 revisions.

Numeric

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 75% below maximum of 85% CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI of 42.54% below maximum of 49% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrowers qualifying credit of 796 exceed guideline requirement of 720 with 96 points.

433733655

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.08.21 Updated value received, appraised value supported.

07.08.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 75% below maximum of 85% CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI of 42.54% below maximum of 49% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrowers qualifying credit of 796 exceed guideline requirement of 720 with 96 points.

433652334

XXXXXX

CA

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of 11.99 months PITIA exceeds guideline minimum of 3 months. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV >50 points below guideline maximum of 80% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Median score > 100 points above guideline minimum.

433733663

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

The Seller Fees on the Final CD do not match the Seller Fees from the Seller CD

(No Data)

This exception is informational per Clayton Compliance department and TRID 2.0 revisions.

Numeric

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  3years time at current residence CFCFS1734: Borrower has significant time at current job - Clayton Comments:  3years time at current job CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score 755 exceeds guidelines 740

433733663

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

06.30.21 Updated value received, appraised value supported.

06.30.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  3years time at current residence CFCFS1734: Borrower has significant time at current job - Clayton Comments:  3years time at current job CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score 755 exceeds guidelines 740

433733664

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.08.21 Updated value received, appraised value supported.

07.08.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV 28.19% below guideline requirements 80% CFCFS1734: Borrower has significant time at current job - Clayton Comments:  10 years time same residence CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score 788 exceeds guidelines 700 CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has owned and resided in subject residence for 11 years. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is 0x30x24 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post Close Assets are $98,044.30  or 60.46 months of P&I )Required P&I Reserves are $1,621.39 x 3 months = $4,864.17

433807800

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.09.21 Updated value received, appraised value supported.

07.09.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is 0x30x29 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Assets:Borrower's post close Assets are $44,882.69 or 20.27 months of P&I reserves.Required P&I reserves are $2,213.73 x 6  = $26,564.76 CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI of 43.12% below maximum of 49% CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 50.56% below maximum of 85% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrowers qualifying credit of 794 exceed guideline requirement of 720 with 74 points.

433733666

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.07.21 Updated value received, appraised value supported.

07.07.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Assets: Post closing assets are $110,432.74 or 30.06 months P&I .Required P&I  reserves are $3,673.20 X 12=$44,078.40 CFCFS2854: Significant time in profession - Clayton Comments:  8 years in line of work CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower credit score 806. Minimum allowed 720 CFCFS2860: Good credit history - Clayton Comments:  Minimum use of credit. Open accounts have 0 balances

433807803

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5215

TRID - Seller-paid Fee that should be disclosed in Section H is not disclosed.

No

Realtor Commissions reflected on Seller CD, but not in Section H of Borrower Final CD. As Seller-Paid fees are at least on Seller CD, this is not a material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions. Final Grade A. Condition satisfied.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower's post close Assets are $188,653.61 or 54.17 months of P&I reserves.Required P&I reserves are $3,482.00  x  12  = $41,784.00

433807803

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions. Condition satisfied. Final Grade A

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower's post close Assets are $188,653.61 or 54.17 months of P&I reserves.Required P&I reserves are $3,482.00  x  12  = $41,784.00

433807803

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.09.21 Updated value received, appraised value supported.

07.09.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower's post close Assets are $188,653.61 or 54.17 months of P&I reserves.Required P&I reserves are $3,482.00  x  12  = $41,784.00

433807804

XXXXXX

CA

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.09.21 Updated value received, appraised value supported.

07.09.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is > 10 points above guideline maximum of 720 CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI > 10 points below guideline maximum of 49% CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been on the same job for the past 3 years and 1 month. CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in the same profession for the past 4 years.

433733677

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD.

(No Data)

This exception is informational per Clayton Compliance department and TRID 2.0 revisions.

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower credit score is 767. Minimum required is 720 CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI is 31.33%. Maximum allowable is 49%

433733677

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

06.29.21 Updated value received, appraised value supported.

06.29.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower credit score is 767. Minimum required is 720 CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI is 31.33%. Maximum allowable is 49%

433733689

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is 0x30x30 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Assets:Post Close Assets are $55,092.36 or 44.13 months of PITIARequired PITIA Reserves are $2,124.27 x 12 = $25,491.24 CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score of 768 exceeds guideline minimum score CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI of 35.59% is below guideline maximum DTI.

433733697

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

06.30.21 Updated value received, appraised value supported.

06.30.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower credit score 756. Minimum allowable 720 CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI 43.62. Maximum allowable 49% CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV 80%. Maximum allowable 85%

433807814

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.13.21 Updated value received, appraised value supported.

07.13.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Median score > 60 points above guideline minimum

433733701

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

06.23.21 Updated value received, appraised value supported.

06.23.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower's Post Close Assets are $228,957.62 or 73.12 months of PITIA reserves.Required PITIA Reserves are $3,131.40 x 9 = $28,182.60 CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been on the same job for the past 6 years and 1 month CFCFS1736: Significant time at current residence - Clayton Comments:  Borrowers have resided at the same residence for the past 10 years

433807816

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.13.21 Updated value received, appraised value supported.

07.13.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 47.79% below maximum of 85% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrowers qualifying credit of 781 exceed guideline requirement of 700 with 81 points. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower's post close Assets are $11,492.48 or 8.65 months of P&I reserves.Required P&I reserves are $1,328.24  x 6  = $7,969.44

433807817

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.23.21 Updated value received, appraised value supported.

07.23.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower's Post Close Assets are $135,055.36 or 64.60 months of P&I reserves.Required P&I Reserves are $2,090.74 x 6 = $12,544.44 CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 39.53% below maximum of 85% CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI of 39.57% below maximum of 49% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrowers qualifying credit of 753 exceed guideline requirement of 700 with 53 points.

433807819

XXXXXX

CA

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of 40.17 months PITIA exceeds guideline minimum of 3 months. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV > 40 points below guideline maximum of 80% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Median score > 70 points above guideline minimum.

433733712

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

06.30.21 Updated value received, appraised value supported.

06.30.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI is 43.47%. Maximum allowable is 49% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower credit score is 765. Minimum required is 720

433733716

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

The Seller Fees on the Final CD do not match the Seller Fees from the Seller CD

(No Data)

This exception is informational per Clayton Compliance department and TRID 2.0 revisions.

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  797 credit score exceeds Lender guidelines. CFCFS1736: Significant time at current residence - Clayton Comments:  10 years 6 months time at residence. CFCFS1737: LTV below guideline requirements - Clayton Comments:  61.76% LTV below guideline requirements.

433733716

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

06.29.21 Updated value received, appraised value supported.

06.29.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  797 credit score exceeds Lender guidelines. CFCFS1736: Significant time at current residence - Clayton Comments:  10 years 6 months time at residence. CFCFS1737: LTV below guideline requirements - Clayton Comments:  61.76% LTV below guideline requirements.

433888114

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation.

08.18.21 Updated value received, appraised value supported.

08.18.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI > 10 points below guideline maximum of 49% CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV > 40 points below guideline maximum of 85% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post close assets are $2,281,544.83 or 481.01 months P&I,Required P&I reserves are 6 x $4,743.21 = $28,459.26 CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is > 10 points above guideline maximum of720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is 0x30x32

433733721

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI 22.59%, 26.41points below guideline requirement 49% CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has 16years time in profession CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has 8years time at current job CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post Close Assets are $174,984.78  or 140.53 of PITI Required P&I  Reserves are $2,635.46 x 12 months = $31,625.52 CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is > 10 points above guideline maximum of 660 CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV > 10 points below guideline maximum of XX%

433733721

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.09.21 Updated value received, appraised value supported.

07.09.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI 22.59%, 26.41points below guideline requirement 49% CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has 16years time in profession CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has 8years time at current job CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post Close Assets are $174,984.78  or 140.53 of PITI Required P&I  Reserves are $2,635.46 x 12 months = $31,625.52 CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is > 10 points above guideline maximum of 660 CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV > 10 points below guideline maximum of XX%

433733723

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions. Exception satisfied. Final Grade A.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI of 16.29% is 32.71 points below the allowable 49%. CFCFS2854: Significant time in profession - Clayton Comments:  B1 has 10 years in profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  ASSET:Post Close Assets are $210,041.36  or 35.73 months of P&I. Reserves are $5877.12 x 12 months = $ 70,525.44

433733723

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.08.21 Updated value received, appraised value supported.

07.08.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI of 16.29% is 32.71 points below the allowable 49%. CFCFS2854: Significant time in profession - Clayton Comments:  B1 has 10 years in profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  ASSET:Post Close Assets are $210,041.36  or 35.73 months of P&I. Reserves are $5877.12 x 12 months = $ 70,525.44

433733724

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A.

(No Data)

Exception satisfied

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  790 credit score exceeds Lender guidelines. CFCFS2860: Good credit history - Clayton Comments:  Good credit history shows good credit management 0x30 late. CFCFS1739: Postive mortgage payment history - Clayton Comments:  Ox30 mortgage late.

433733724

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Insurance

Satisfied

C

A

C

A

CRDINSR5351

Insurance Effective date is greater than the transaction date

No

Hazard insurance binder effective date is XXX. The loan was disbursed on XXX.

8.11.21 - Lender provided PCCD showing disbursement date as XXX

8.11.21 - Exception satisfied.

Not Applicable

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  790 credit score exceeds Lender guidelines. CFCFS2860: Good credit history - Clayton Comments:  Good credit history shows good credit management 0x30 late. CFCFS1739: Postive mortgage payment history - Clayton Comments:  Ox30 mortgage late.

433733724

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

06.28.21 Updated value received, appraised value supported.

06.28.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  790 credit score exceeds Lender guidelines. CFCFS2860: Good credit history - Clayton Comments:  Good credit history shows good credit management 0x30 late. CFCFS1739: Postive mortgage payment history - Clayton Comments:  Ox30 mortgage late.

433807831

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.23.21 Updated value received, appraised value supported.

07.23.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  53.71% LTV is 31.29 points below the maximum allowed per guideline. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  790 credit score is 70 points above the minimum required per guideline.

433733740

XXXXXX

UT

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV 46.82%; Guidelines require 70% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has 193.21 months of PITIA reserves; Guidelines require 3 months PITIA reserves

433733742

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is > 10 points above guideline maximum of 720 CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI 38.56% below guideline requirement 49% CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has 13years 1month time in profession

433888117

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

Right of Rescission

Satisfied

C

B

C

B

CMPROR2330

ROR - Disbursement date is before end of statutory rescission period

No

Disbursement date of XXX on CD XXX is before end of statutory rescission period XXX on the ROR.

08/16/2021  Client provided PCCD XXX

08/16/2021 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has 8.66 months of P&I reserves; Guidelines require 6 months P&I reserves CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI 41.66%; Guidelines require 49% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower Credit score 779; Guidelines require 720 CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV 59.86%; Guidelines require 85% CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments:  Borrower has 5 years at current job profession CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Borrower mortgage payment 0x30x83

433888117

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

08.09.21 Updated value received, appraised value supported.

08.09.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has 8.66 months of P&I reserves; Guidelines require 6 months P&I reserves CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI 41.66%; Guidelines require 49% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower Credit score 779; Guidelines require 720 CFCFS1737: LTV below guideline requirements - Clayton Comments:  Borrower LTV 59.86%; Guidelines require 85% CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments:  Borrower has 5 years at current job profession CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Borrower mortgage payment 0x30x83

433733748

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

06.30.21 Updated value received, appraised value supported.

06.30.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has post close assets of $961,647.98 or 154.83 months of P&I reservesRequired P&I reserves are $6,210.81x12=$74,529.72 CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower credit score is 776. Minimum allowable is 720

433733752

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.08.21 Updated value received, appraised value supported.

07.08.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrowers have verified reserves of $86,812.67 or 39.79 months PITI;Required reserves are 12 months P&I at $2181.75x12= $26,181. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is > 10 points above guideline maximum of 720 CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI > 10 points below guideline maximum of 49% CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 69.84% is below the 85% max LTV.

433807856

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  738 Credit score exceeds guidelines CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV 75% below 85% max for guidelines. CFCFS2860: Good credit history - Clayton Comments:  Good credit management 0x30 days late.

433807856

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.13.21 Updated value received, appraised value supported.

07.13.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  738 Credit score exceeds guidelines CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV 75% below 85% max for guidelines. CFCFS2860: Good credit history - Clayton Comments:  Good credit management 0x30 days late.

433807859

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been on the same job for the past 2 years and 6 months. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has resided at the same residence for the past 2 years.

433807859

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.13.21 Updated value received, appraised value supported.

07.13.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been on the same job for the past 2 years and 6 months. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has resided at the same residence for the past 2 years.

433888127

XXXXXX

CA

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Active

B

B

B

B

CRDTER110

Loan amount exceeds guideline maximum

No

Maximum Loan Amount Allowed is $XXXActual Loan Amount is $XXX

8.17.21 - Lender responded loan has been approved with exception for the loan amount $XXX.

8.17.21 - non-material B

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  33.33% LTV is 41.67 points below maximum allowed per guideline CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  786 credit score is 126 points above minimum required per guideline

433888127

XXXXXX

CA

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Satisfied

D

A

D

A

CRDTER146

Missing lender's loan approval/underwriting form

No

Missing lender's loan approval/underwriting form

8.13.21 - Lender provided loan approval

8.13.21 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  33.33% LTV is 41.67 points below maximum allowed per guideline CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  786 credit score is 126 points above minimum required per guideline

433888127

XXXXXX

CA

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

08.06.21 Updated value received, appraised value supported.

08.06.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  33.33% LTV is 41.67 points below maximum allowed per guideline CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  786 credit score is 126 points above minimum required per guideline

433807864

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Insurance

Satisfied

C

A

C

A

CRDINSR5351

Insurance Effective date is greater than the transaction date

No

Final CD Disbursement Date: XXXHOI Effective Date: XXX

9/28/21 - Lender provided a Post Close CD reflecting a disbursement date after the effective date of the HOI.

9/28/21 - Exception satisfied.

Not Applicable

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 65.78% below maximum of 85% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrowers qualifying credit of 778 exceed guideline requirement of 700 with 78 points. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower's post close Assets are $37,046.15 or 21.12 months of P&I reserves.Required P&I reserves are $1,753.46  x 12  = $21,041.52

433807864

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.13.21 Updated value received, appraised value supported.

07.13.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 65.78% below maximum of 85% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrowers qualifying credit of 778 exceed guideline requirement of 700 with 78 points. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower's post close Assets are $37,046.15 or 21.12 months of P&I reserves.Required P&I reserves are $1,753.46  x 12  = $21,041.52

433807869

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID5215

TRID - Seller-paid Fee that should be disclosed in Section H is not disclosed.

No

Provide Seller Closing Disclosure, reflecting all seller paid fees, including Realtors for Borrower/Seller.

09/23/2021  Client provided Seller CD.

09/23/2021 - Realtor Commissions reflected on Seller CD but not in section H of Borrower Final CD. As fees are at least shown this is not a material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions. Exception satisfied. Final Grade A.

Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has 15.80 months of P&I reserves; Guidelines require 12 months P&I reserves CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI 40.01%; Guidelines require 49% CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has 9 years of job profession CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Borrower Mortgage payment 0x30x48

433807869

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.19.21 Updated value received, appraised value supported.

07.19.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has 15.80 months of P&I reserves; Guidelines require 12 months P&I reserves CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI 40.01%; Guidelines require 49% CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has 9 years of job profession CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Borrower Mortgage payment 0x30x48

433733755

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3966

TRID - CD: The Will Not Have an Escrow Account in the CD Loan Disclosures section is selected and both or neither of You declined it and/or Your lender does not offer one are selected

No

CD dated XXX Section Loan Disclosures: Has Not Escrow Account - option was not checked.

09/20/2021  Client provided PCCD XXX.

09/20/2021 - Exception satisfied.

Non-Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower has a credit score  of 774 which is 54 points above required credit score per lender guideline CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has 10 years in profession CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI > 10 points below guideline maximum of 49%

433733755

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

N/A

A

N/A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A. ***Triggered during condition clearing***

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower has a credit score  of 774 which is 54 points above required credit score per lender guideline CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has 10 years in profession CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI > 10 points below guideline maximum of 49%

433733755

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Credit

Insurance

Satisfied

C

A

C

A

CRDINSR5351

Insurance Effective date is greater than the transaction date

No

Effective insurance date is XXX, funding date is XXX

9.20.21 - Lender provided PCCD showing disbursement date as XXX

9.20.21 - Exception satisfied

Not Applicable

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower has a credit score  of 774 which is 54 points above required credit score per lender guideline CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has 10 years in profession CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI > 10 points below guideline maximum of 49%

433733755

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.09.21 Updated value received, appraised value supported.

07.09.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower has a credit score  of 774 which is 54 points above required credit score per lender guideline CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has 10 years in profession CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI > 10 points below guideline maximum of 49%

433807873

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID3716

TRID - Curable issue related to the Closing Disclosure in file

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A.

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been on the same job for the past 3 years and 1 month. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has resided at the same residence for the past 4 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower's Post Close Assets are $72,686.00 or 21.11 months of P&I reserves.Required P&I Reserves are $3,442.57 x 12 = $41,310.84

433807873

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.13.21 Updated value received, appraised value supported.

07.13.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been on the same job for the past 3 years and 1 month. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has resided at the same residence for the past 4 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower's Post Close Assets are $72,686.00 or 21.11 months of P&I reserves.Required P&I Reserves are $3,442.57 x 12 = $41,310.84

433807887

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

07.23.21 Updated value received, appraised value supported.

07.23.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post Close Assets are $93,770.67  or 21.86 months of P&I.Required P&I Reserves are $4,289.15  x 12 months = $51,469.80 CFCFS1744: DTI below guideline requirement - Clayton Comments:  13% DTI below Lender guidelines. CFCFS2860: Good credit history - Clayton Comments:  Good credit history CFCFS1737: LTV below guideline requirements - Clayton Comments:  75% LTV below guidelines.

433807892

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has resided at the same residence for the past 21 years and co borrower for the past 6 years. CFCFS2854: Significant time in profession - Clayton Comments:  Co-borrower has been in the same profession for the past 4 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower's Post Close Assets are $97,744.49 or 12.06 months of P&I reserves.Required P&I Reserves are $8,108.40 x 6 = $48,650.40

433888142

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Borrower DTI is 27.13%. Maximum allowable is 49% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has post close assets of $93,218.90 or 24.84 months of P&I reservesRequired P&I reserves are $3,753.47x12=$45,041.64

433888144

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Application

Satisfied

D

A

D

A

CRDAPP3822

Missing or incomplete documentation related to citizenship/residency

No

Missing I-94.  NOTE: Visa and Passport in file.

9.9.21 - Lender provided I949.7.21 - Lender provided Visa & Passport

9.9.21 - Exception satisfied

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has been at current residence for 10 years CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 47.84% is > 10 points below the program max LTV of 75%.

433888144

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

08.09.21 Updated value received, appraised value supported.

08.09.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has been at current residence for 10 years CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 47.84% is > 10 points below the program max LTV of 75%.

433888150

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in current field for 16 years. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has been at current residence for 12 years

433888170

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation.

08.18.21 Updated value received, appraised value supported.

08.18.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV > 15 points below guideline maximum of 85% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Median score >100 points above guideline minimum

433888176

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post Close Assets are $386,583.85 or 137.36 months of P&IRequired P&I Reserves are $1,129.00 x 12 months = $169,285.32 CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is > 10 points above guideline maximum of 660 CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI is below Lender guideline requirements. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV below Lender guidelines of 65% CFCFS2860: Good credit history - Clayton Comments:  Good credit history. 0x30 late.

433888176

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Credit/Mtg History

Active

B

B

B

B

CRDCRMH3000

# of Tradelines Does Not Meet Guideline Requirements

No

Guideline requires at least 3 open trade lines. Borrower only has two.

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post Close Assets are $386,583.85 or 137.36 months of P&IRequired P&I Reserves are $1,129.00 x 12 months = $169,285.32 CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is > 10 points above guideline maximum of 660 CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI is below Lender guideline requirements. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV below Lender guidelines of 65% CFCFS2860: Good credit history - Clayton Comments:  Good credit history. 0x30 late.

433888183

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions. Exception satisfied. Final Grade A.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  733 credit score exceeds guidelines. CFCFS1736: Significant time at current residence - Clayton Comments:  8 years 7 months at current residence. CFCFS2860: Good credit history - Clayton Comments:  Good credit history 0x30 late

433888183

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

08.09.21 Updated value received, appraised value supported.

08.09.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  733 credit score exceeds guidelines. CFCFS1736: Significant time at current residence - Clayton Comments:  8 years 7 months at current residence. CFCFS2860: Good credit history - Clayton Comments:  Good credit history 0x30 late

433888185

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower's Post close Assets are $65,375.55 or 17.66 months of P&I reserves.Required P&I Reserves are $3,701.80 X 12 = $44,421.60 CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in the same profession for the past 3 years and 1 month. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has resided at the same residence for the past 5 years and 2 months.

433888185

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting original appraised value of $XXX.

08.10.21 Updated value received, appraised value supported.

08.10.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower's Post close Assets are $65,375.55 or 17.66 months of P&I reserves.Required P&I Reserves are $3,701.80 X 12 = $44,421.60 CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in the same profession for the past 3 years and 1 month. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has resided at the same residence for the past 5 years and 2 months.

433888186

XXXXXX

CA

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Borrower credit score is 777 and the minimum credit score is 700. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  0x30x99 months, guidelines require 0x30x12 months CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post Close Assets are $35,042.91 or 8.18 months of PITIRequired P&I reserves are $4,284.81 x 3 = $12,854.43

433888188

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

Federal Consumer Protection

Active

B

B

B

B

CMPFDCP847

TILA - ARM Loan Program Disclosure after 3 days from application

No

Early ARM Disclosure not dated.

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in the same profession for the past 20 years. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has resided at the same residence for the past 6 years.

433888188

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting original appraised value of $XXX.

08.09.21 Updated value received, appraised value supported.

08.09.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in the same profession for the past 20 years. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has resided at the same residence for the past 6 years.

433888190

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation.

08.17.21 Updated value received, appraised value supported.

08.17.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI > 10 points below guideline maximum of 49% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Median score > 40 points above guideline minimum

433888196

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post closing assets is $152,118.53 with 189.07 months PITI reserves .Required reserves $8,367.53*12=$100,410.36 CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score of 786 exceeds guidelines of 720 . CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV > 10 points below guideline maximum of 85%

433888196

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

08.09.21 Updated value received, appraised value supported.

08.09.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post closing assets is $152,118.53 with 189.07 months PITI reserves .Required reserves $8,367.53*12=$100,410.36 CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score of 786 exceeds guidelines of 720 . CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV > 10 points below guideline maximum of 85%

433888204

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

Compliance

Compliance Manual

Satisfied

D

A

D

A

CMPMAN2956

Missing disclosure

No

Final Closing disclosure is not in the file. Please provide.

09/07/2021  Client provided Final CD XXX.

09/07/2021 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  790 credit score is 70 pints above the minimum required per guideline. CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has 15 years in the profession. CFCFS1737: LTV below guideline requirements - Clayton Comments:  52.87% LTV is 32.13 points below the maximum allowed per guideline.

433888204

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

08.20.21 Updated value received, appraised value supported.

08.20.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  790 credit score is 70 pints above the minimum required per guideline. CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has 15 years in the profession. CFCFS1737: LTV below guideline requirements - Clayton Comments:  52.87% LTV is 32.13 points below the maximum allowed per guideline.

433888209

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

08.20.21 Updated value received, appraised value supported.

08.20.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is > 10 points above guideline maximum of 700 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post Close Assets are $542,332.82 or 209.11 months of P&I.Required P&I Reserves are $2,593.45 x 6 months = $15,560.70 CFCFS1737: LTV below guideline requirements - Clayton Comments:  46.09% LTV is 38.91 points below maximum allowed per guideline CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has 5 years in the profession

433888210

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation

08.10.21 Updated value received, appraised value supported.

08.10.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is 0x30x49 CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is > 10 points above guideline maximum of 720 CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV > 10 points below guideline maximum of 85% CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been on the same job for the past 3 years and 2 months. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has resided at the same residence for the past 4 years.

433888220

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting original appraised value of $XXX.

08.09.21 Updated value received, appraised value supported.

08.09.21 Exception Satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has resided at the same residence for the past 3 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been on the same job for the past 7 years and  1 month.

431842263

XXXXXX

CA

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Verified cash reserves of $161,005.84 or 19.08 months PITI reserves.  Guidelines require 6 months, 6x8437.16 = $50622.96.  Reserves for financed properties with a recent 12 month paid-as-agreed history may be waived. CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been XXX for the last 10 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Representative score of 690 exceeds the guideline require of 680. CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI of 11% is well below guideline requirement of 50% CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV is 59.36%; guidelines allow 75%.

431841994

XXXXXX

CA

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV is 52.42%; maximum LTV is 70%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is 705; requires 680. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves verified in the amount of $184,595.24 which is 117.51 of PITI. Only requires 3 months [$1570.92 x 3= $4712.76].

431842199

XXXXXX

CA

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV 14.23% Guidelines allow 80% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit Score 773 Guidelines allow 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post-Closing Reserves of $17,190 verified as 16.43 months PITIA. Guidelines allow 3 months or ($1046.34 x 3 = $3139.02) Additional Reserves for each additional financed properties with a recent 12 month paid-as-agreed history may be waived.

431841925

XXXXXX

AR

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

A

B

A

A

A

A

A

B

A

B

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

B

A

B

A

CRDTER3124

Loan documents do not meet guideline requirements

No

Missing the XXX monthly statement.

12/20/17 - Lender provided missing  XXX statement with consistant balances compared to previous statements.

12/20/17 - Exception satsified.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been XXX for 7 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Guidelines require 3 months reserves: $1722.43 x3 =$5167.29Verified reserves: $162220.14 or 94.18 months PITI CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 44.15% is below required of 70%

Client Name:
Client Project Name:	CSMC 2021-NQM7
Start - End Dates:	1/11/2017 - 9/18/2021
Deal Loan Count:	107
Conditions Report 2.0
Loans in Report:	107
Loans with Conditions:	89

Loan Number

TRID Indicator

Lender Application Date

Broker Application Date

Initial Securitization Overall Loan Grade

Final Securitization Overall Loan Grade

Initial Securitization Credit Loan Grade

Final Securitization Credit Loan Grade

Initial Securitization Property Valuations Loan Grade

Final Securitization Property Valuations Loan Grade

Initial Securitization Compliance Loan Grade

Final Securitization Compliance Loan Grade

Initial S&P Overall Loan Grade

Final S&P Overall Loan Grade

Initial S&P Credit Loan Grade

Final S&P Credit Loan Grade

Initial S&P Property Valuations Loan Grade

Final S&P Property Valuations Loan Grade

Initial S&P Compliance Loan Grade

Final S&P Compliance Loan Grade

Did Lender Acknowledge Exception at Origination

433663295

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733562

Yes

XXXXXX

XXXXXX

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Not Applicable

433733563

Yes

XXXXXX

XXXXXX

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Not Applicable

431115371

Yes

XXXXXX

XXXXXX

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

No

431100080

Yes

XXXXXX

XXXXXX

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

No

431115463

Yes

XXXXXX

XXXXXX

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Not Applicable

433733574

Yes

XXXXXX

XXXXXX

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Not Applicable

433319971

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433319999

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

No

433320003

Yes

XXXXXX

XXXXXX

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Not Applicable

433888103

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433320012

Yes

XXXXXX

XXXXXX

D

B

A

A

A

A

D

B

D

B

A

A

A

A

D

B

Not Applicable

433320017

Yes

XXXXXX

XXXXXX

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

Not Applicable

433320025

Yes

XXXXXX

XXXXXX

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Not Applicable

433663303

Yes

XXXXXX

XXXXXX

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Not Applicable

433733584

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433320056

Yes

XXXXXX

XXXXXX

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Not Applicable

433621310

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433621311

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433621312

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433621314

Yes

XXXXXX

XXXXXX

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

Not Applicable

433733587

Yes

XXXXXX

XXXXXX

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Not Applicable

433807773

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733592

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733593

Yes

XXXXXX

XXXXXX

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Not Applicable

433733594

Yes

XXXXXX

XXXXXX

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Not Applicable

433807776

Yes

XXXXXX

XXXXXX

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Not Applicable

433733596

Yes

XXXXXX

XXXXXX

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Not Applicable

433663330

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433652296

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733602

Yes

XXXXXX

XXXXXX

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Not Applicable

433733606

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433807781

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733615

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433807783

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433652307

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733625

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733628

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433663372

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433888109

Yes

XXXXXX

XXXXXX

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Not Applicable

433807789

Yes

XXXXXX

XXXXXX

C

A

A

A

C

A

A

A

C

A

A

A

C

A

A

A

Not Applicable

433663393

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433807791

Yes

XXXXXX

XXXXXX

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Not Applicable

433733638

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733643

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433663398

Yes

XXXXXX

XXXXXX

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Not Applicable

433733646

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433663406

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733653

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733654

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433652332

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733655

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433652334

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733663

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733664

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433807800

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733666

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433807803

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433807804

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733677

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733689

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733697

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433807814

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733701

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433807816

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433807817

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433807819

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733712

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733716

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433888114

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733721

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733723

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733724

Yes

XXXXXX

XXXXXX

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Yes

433807831

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733740

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733742

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433888117

Yes

XXXXXX

XXXXXX

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Not Applicable

433733748

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433733752

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433807856

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433807859

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433888127

Yes

XXXXXX

XXXXXX

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Not Applicable

433807864

Yes

XXXXXX

XXXXXX

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Not Applicable

433807869

Yes

XXXXXX

XXXXXX

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

Not Applicable

433733755

Yes

XXXXXX

XXXXXX

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Not Applicable

433807873

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433807887

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433807892

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433888142

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433888144

Yes

XXXXXX

XXXXXX

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Not Applicable

433888150

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433888170

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433888176

Yes

XXXXXX

XXXXXX

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Not Applicable

433888183

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433888185

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433888186

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433888188

Yes

XXXXXX

XXXXXX

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Not Applicable

433888190

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433888196

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433888204

Yes

XXXXXX

XXXXXX

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

Not Applicable

433888209

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

No

433888210

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

433888220

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Not Applicable

431842263

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

(No Data)

431841994

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

(No Data)

431842199

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

(No Data)

431841925

Yes

XXXXXX

XXXXXX

B

A

B

A

A

A

A

A

B

A

B

A

A

A

A

A

(No Data)