EX-99.22 23 ex99-22.htm DIGITAL RISK REBUTTAL FINDINGS REPORT
 

CSMC 2021-NQM8 Trust ABS-15G

Exhibit 99.22

 

 Rebuttal Findings 11.24.2021
Seller: 
 
Deal ID: 
 
Total Loan Count: 64
Loan Number Finding # Last Name Note Date Audit Category Audit Issue Finding ID Exception Finding Remediation Status Exception Rebuttal Exception Response Status Comment Initial Findings Grade Final Findings Grade Initial Loan Grade Final Loan Grade    
432517871 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
432517871 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
432517871 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.         1 1 1 1    
432517889 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
432517889 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
432517889 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.         1 1 1 1    
434067699 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067699 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067699 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067700 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067700 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067700 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.         1 1 1 1    
434067701 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067701 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067701 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067702 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067702 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067702 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067703 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067703 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067703 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value         1 1 1 1    
434067704 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 3 1    
434067704 2 of 3 XXXX XX/XX/XXXX Credit Income - Rental Property Income XXXX The documentation supporting income from other real estate owned is not adequately supported to meet underwriting guidelines. Missing 3rd party source of market rents; Resolved Rebuttal 1 (XX/XX/XXXX 9:55AM)
Rent schedule attached

Response 1 (XX/XX/XXXX 3:52PM)
Documentation received is sufficient. (Resolved)

  3 1 3 1    
434067704 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 3 1    
434067705 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067705 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067705 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067706 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 3 1    
434067706 2 of 3 XXXX XX/XX/XXXX Credit Credit Missing - One or More Reports Missing XXXX Not all required credit reports are within the file. Missing borrower credit report. Utilized credit score info from approval. Resolved Rebuttal 1 (XX/XX/XXXX 4:36PM)
Credit report attached

Response 1 (XX/XX/XXXX 1:15PM)
Documentation received is sufficient. (Resolved)

  3 1 3 1    
434067706 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 3 1    
433283625 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 3 1    
433283625 2 of 3 XXXX XX/XX/XXXX Credit Assets - Minimum Reserves XXXX The loan file is missing sufficient reserves to meet guidelines. The lender guidelines require 6 months reserves. The HUD reflected a total of $XXXX cash to close, POC and earnest money deposit. An additional $XXXX was required in reserves. Total required assets were $XXXX. The loan file contained verified assets of $XXXX. Resolved Rebuttal 1 (XX/XX/XXXX 9:36PM)
See attached showing borrower's $XXXX earnest money deposit and underwriting approval showing assets of $XXXX + $XXXX EMD for a total of $XXXX.

Response 1 (XX/XX/XXXX 8:26AM)
Documentation received is sufficient. (Resolved)

  3 1 3 1    
433283625 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.         1 1 3 1    
434067707 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067707 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067707 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.         1 1 1 1    
434067708 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 3 1    
434067708 2 of 3 XXXX XX/XX/XXXX Credit Flood Certificate - Missing XXXX Missing policy declarations page to evidence active flood insurance policy Resolved Rebuttal 1 (XX/XX/XXXX 2:47PM)
Flood doc attached

Response 1 (XX/XX/XXXX 1:58PM)
Documentation received is sufficient. (Resolved)

  3 1 3 1    
434067708 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 3 1    
434067709 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067709 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067709 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067710 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067710 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067710 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CDA supporting appraised value in file.         1 1 1 1    
434067711 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067711 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067711 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067712 1 of 3 XXXX XX/XX/XXXX Compliance HMDA - Government Monitoring XXXX The Government Monitoring Section on the application was not completed for the race section. Home Mortgage Disclosure Act (Regulation C)12 CFR 1003.4(b) Equal Credit Opportunity Act (Regulation B) 12 CFR 1002.13. Resolved Rebuttal 1 (XX/XX/XXXX 4:20PM)
Seller Rebuttal. Docs Uploaded.

Response 1 (XX/XX/XXXX 4:21PM)
The documentation provided is sufficient to cure the finding. (Resolved)

  2 1 2 1    
434067712 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 2 1    
434067712 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.         1 1 2 1    
434067714 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067714 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067714 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067715 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067715 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067715 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067716 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067716 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067716 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067717 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067717 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067717 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067719 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067719 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067719 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067720 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067720 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067720 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.         1 1 1 1    
434067721 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 3 1    
434067721 2 of 3 XXXX XX/XX/XXXX Credit Credit - Other XXXX Missing AirDNA Report utilized to derive $XXXX/mo rent as allowed per UW Exception Approval. Resolved Rebuttal 1 (XX/XX/XXXX 8:33AM)
AirDNA attached

Response 1 (XX/XX/XXXX 4:29PM)
Documentation received is sufficient. (Resolved)

  3 1 3 1    
434067721 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 3 1    
434067722 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067722 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067722 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.         1 1 1 1    
434067723 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 3 1    
434067723 2 of 3 XXXX XX/XX/XXXX Credit Income - Rental Property Income XXXX Documentation supporting the $XXXX per month subject rental amount is not supported with an UW Exception, 3rd Party rental source, or other acceptable documentation. Resolved Rebuttal 1 (XX/XX/XXXX 6:44PM)
Appraisal attached indicating $XXXX/month rent

Response 1 (XX/XX/XXXX 7:40PM)
Original Appraisal provided again. No other documentation received. (Upheld)

Response 2 (XX/XX/XXXX 10:29AM)
Upon further review, the rent schedule provided is sufficient. (Resolved)

  3 1 3 1    
434067723 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 3 1    
434067724 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067724 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067724 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.         1 1 1 1    
434067725 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067725 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067725 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067726 1 of 4 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 3 1    
434067726 2 of 4 XXXX XX/XX/XXXX Credit Assets - Minimum Reserves XXXX Sufficient reserves to meet underwriting requirements and PITI were not verified in the file. Funds required for subject transaction were $XXXX ($XXXX funds for closing + $XXXX reserves). Assets were verified in the amount of $XXXX ($XXXX checking account + $XXXX EMD wire + $XXXX IRA acct with XXXX Investment Partner). The lender calculated the IRA account using 70% for available assets whereas guidelines state only 50% of IRA accounts can be used for qualifying assets. In addition; the lender used balance of $XXXX for IRA account which was the balance as of XX/XX/XXXX. The IRA statement reflects balance is $XXXX as of XX/XX/XXXX. As a result; borrower is short reserves in the amount of $XXXX. Resolved Rebuttal 1 (XX/XX/XXXX 12:09PM)
Actual funds from borrower per HUD were $XXXX + $XXXX reserves = $XXXX required at closing

Rebuttal 2 (XX/XX/XXXX 11:29AM)
Additional assets documentation attached (401k)

Response 1 (XX/XX/XXXX 8:54AM)
There was also an EMD of $XXXX. The shortage is still the same. (Upheld)

Response 2 (XX/XX/XXXX 11:56AM)
Documentation received is sufficient. (Resolved)

  3 1 3 1    
434067726 3 of 4 XXXX XX/XX/XXXX Credit Hazard Insurance - Missing/Insufficient XXXX Subject property is not in a flood zone requiring flood insurance. However; the HUD-1 reflects flood insurance was obtained and escrowed. The Flood Insurance Policy is not reflected in the loan file. Resolved Rebuttal 1 (XX/XX/XXXX 10:00AM)
Flood doc attached

Response 1 (XX/XX/XXXX 8:50AM)
Documentation received is sufficient. (Resolved)

  2 1 3 1    
434067726 4 of 4 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.         1 1 3 1    
434067727 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067727 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067727 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067728 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067728 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067728 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067729 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067729 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067729 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067730 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067730 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067730 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067731 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 3 1    
434067731 2 of 3 XXXX XX/XX/XXXX Credit Assets - Bank Statements XXXX The bank and/or asset statements are incomplete. File does not contain evidence that the EMD was received and applied to the subject transaction. Resolved Rebuttal 1 (XX/XX/XXXX 9:06AM)
EMD documentation attached

Response 1 (XX/XX/XXXX 3:56PM)
Documentation received is sufficient. (Resolved)

  3 1 3 1    
434067731 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 3 1    
434067732 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067732 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067732 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. . The file contained a CDA which supported the appraised value.         1 1 1 1    
434067733 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067733 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067733 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067734 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067734 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067734 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067735 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 3 1    
434067735 2 of 3 XXXX XX/XX/XXXX Credit Assets - Minimum Reserves XXXX Sufficient reserves to meet underwriting requirements and PITI were not verified in the file. The transaction is a DSCR purchase of a short term rental property. As per guidelines, the borrower must have 6 months of PITIA and the Cash to Close verified prior to closing. The loan documentation reflects a cash to close amount of $XXXX and $XXXX in required reserves for a total of $XXXX. The loan file contains a XXXX account that reflects a total available balance of $XXXX. The borrower is currently short $XXXX in required reserves. Resolved Rebuttal 1 (XX/XX/XXXX 9:41AM)
Bank Statement attached showing available balances totaling $XXXX that were used for UW

Response 1 (XX/XX/XXXX 1:54PM)
Documentation received is sufficient. (Resolved)

  3 1 3 1    
434067735 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value         1 1 3 1    
434067736 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067736 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067736 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067737 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067737 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067737 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067738 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067738 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067738 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value         1 1 1 1    
434067739 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067739 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067739 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.         1 1 1 1    
434067740 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067740 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067740 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.         1 1 1 1    
434067741 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067741 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067741 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067742 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067742 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067742 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067743 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067743 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067743 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067744 1 of 4 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 3 1    
434067744 2 of 4 XXXX XX/XX/XXXX Credit Flood Certificate - Missing XXXX Missing evidence of Flood Ins policy reflecting coverage amounts and premium. Resolved Rebuttal 1 (XX/XX/XXXX 2:00PM)
Flood doc attached showing max allowed $XXXX FEMA coverage

Response 1 (XX/XX/XXXX 7:34PM)
Documentation received is sufficient. (Resolved)

  3 1 3 1    
434067744 3 of 4 XXXX XX/XX/XXXX Credit Income - Rental Property/Missing Lease XXXX The rental income was not properly documented per Appendix Q. Lease agreement, AirDNA, Form 1007, or other rental income support is required but missing from the loan file. Resolved Rebuttal 1 (XX/XX/XXXX 9:24AM)
AirDNA rent doc attached

Response 1 (XX/XX/XXXX 7:35PM)
Documentation received is sufficient. (Resolved)

  3 1 3 1    
434067744 4 of 4 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 3 1    
434067745 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067745 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067745 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067746 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067746 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067746 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.         1 1 1 1    
434067747 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067747 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067747 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.         1 1 1 1    
434067748 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067748 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067748 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.         1 1 1 1    
434067749 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067749 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067749 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067750 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067750 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067750 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.         1 1 1 1    
434067751 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067751 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067751 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067752 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067752 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067752 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067753 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067753 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067753 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067754 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067754 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067754 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA that supports the opinion of value in the origination appraisal report.         1 1 1 1    
434067755 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067755 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067755 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067756 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067756 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067756 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.         1 1 1 1    
434067757 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067757 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067757 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067758 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067758 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067758 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067759 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067759 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067759 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA which supported the appraised value.         1 1 1 1    
434067760 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067760 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067760 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.         1 1 1 1    
434067761 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings XXXX The loan is in compliance with all applicable laws and regulations.         1 1 1 1    
434067761 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings XXXX The loan meets all applicable credit guidelines.         1 1 1 1    
434067761 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount XXXX The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.         1 1 1 1