EX-99.5 6 ex99-5.htm AMC EXCEPTION GRADES

 

CSMC 2022-NQM3 Trust ABS-15G

 

Exhibit 99.5

 

 

Exception Grades

Run Date - 4/19/2022 11:23:09 AM

AMC Loan ID Customer Loan ID Seller Loan ID Investor Loan Number Loan Exception ID Exception ID Exception Date Exception Type Exception Category Exception Subcategory 15E Category Exception Exception Detail Exception Information Compensating Factors Compensating Factor Information Applying Party Follow-up Comments Cleared Date Cured Date Waived Date Exception Level Grade Exception Level Rating Note Date Property State Occupancy Purpose Exception Remediation Overall
Initial Loan Grade		 Overall
Final Loan Grade		 Credit
Initial Loan Grade		 Credit
Final Loan Grade		 Compliance
Initial Loan Grade		 Compliance
Final Loan Grade		 Property
Initial Loan Grade		 Property
Final Loan Grade		 Originator QM ATR Status TPR QM ATR Status Is Curable
207985450 [redacted] [redacted] 14036250 Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit The hazard insurance policy does not reflect the Lender as Payee. Reviewer Comment (2018-05-03): Corrected dec page provided.


Buyer Comment (2018-05-03): ([redacted])Please see attached.
 05/03/2018 1 A WI Primary Purchase D B C B C B A A Higher Priced QM Non QM No
207985450 [redacted] [redacted] 14036252 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided Missing Borrower's ATR Certification Reviewer Comment (2018-05-04): Client approved use of toolkit and 1003 certifications to verify borrower's awareness of ATR certifications.


Buyer Comment (2018-05-04): ([redacted])Please utilize Final 1003 and Toolkit delivery to satisfy.
 05/04/2018 1 A WI Primary Purchase D B C B C B A A Higher Priced QM Non QM No
207985450 [redacted] [redacted] 14036256 Compliance Compliance Federal Compliance ATR/QM Defect Other Income - Not to be used for qualifying Qualified Mortgage (Dodd-Frank 2014): Income used to qualify borrower(s) not permitted for use under Appendix Q. ([redacted]/Bank Statements) Loan submitted as Higher Priced QM. Loan approved under Bank Statement program which is not permitted under QM Reviewer Comment (2018-05-04): Submission as Non-QM was provided.  Based on adjusted lender's QM designation, the loan meets requirements.
 05/04/2018 1 A WI Primary Purchase D B C B C B A A Higher Priced QM Non QM No
207985450 [redacted] [redacted] 14036257 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted]% or Final Disclosure APR of[redacted]% is in excess of allowable threshold of APOR[redacted]% +[redacted]%, or[redacted]%.  Compliant Higher Priced Mortgage Loan. Reviewer Comment (2018-04-27): Compliant Higher Priced Mortgage Loan.
 04/27/2018 1 A WI Primary Purchase D B C B C B A A Higher Priced QM Non QM No
207985450 [redacted] [redacted] 14036258 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - QM Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Higher Priced QM does not match Due Diligence Loan Designation of Non QM. Loan designation submitted as Rebuttable Presumption/Higher Priced QM, however bank statement income is Non-QM Reviewer Comment (2018-05-04): Submission as Non-QM was provided.  Based on adjusted lender's QM designation, the loan meets requirements.


Buyer Comment (2018-05-03): ([redacted])Please see attached.
 05/04/2018 1 A WI Primary Purchase Lender to provide updated ATR/QM status D B C B C B A A Higher Priced QM Non QM Yes
207985450 [redacted] [redacted] 14036259 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[redacted]) ARM note allows for assumption, CD incorrectly discloses that it does not Buyer Comment (2018-05-04): Non-material: CD does not identify loan as assumable.
 05/04/2018 2 B WI Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B C B A A Higher Priced QM Non QM Yes
207985450 [redacted] [redacted] 14036260 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien TRID Final Closing Disclosure [redacted] on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (Final/[redacted]) Consumer CD does not disclose any Seller fees Reviewer Comment (2018-05-04): Seller's CD provided.


Buyer Comment (2018-05-03): ([redacted])Please see attached.
 05/04/2018 1 A WI Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B C B A A Higher Priced QM Non QM Yes
207985450 [redacted] [redacted] 14036261 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. (75103) Sufficient cure provided. 04/27/2018 1 A WI Primary Purchase Final CD evidences Cure D B C B C B A A Higher Priced QM Non QM Yes
207985450 [redacted] [redacted] 14036262 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. (7520) Sufficient cure was provided. 04/27/2018 1 A WI Primary Purchase Final CD evidences Cure D B C B C B A A Higher Priced QM Non QM Yes
207985450 [redacted] [redacted] 14036263 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: Borrower: [redacted] ___ Letter of Explanation for large deposits referenced as Other customer deposits for [redacted] Account ending [redacted]
$[redacted] [redacted], [redacted], $[redacted], [redacted] [redacted]		 Reviewer Comment (2018-05-03): LOE provided.


Buyer Comment (2018-05-03): ([redacted])Borrower is a home-flipper as validated with by exception ID 6311963 and large deposits meet the employment profile. SG accepts with 25 mos reserves > 6 mos required and[redacted]% DTI <[redacted]% max.
 05/03/2018 1 A WI Primary Purchase D B C B C B A A Higher Priced QM Non QM No
207985450 [redacted] [redacted] 14036264 Compliance Compliance Federal Compliance ATR/QM Defect Other Income - Not to be used for qualifying Qualified Mortgage (Dodd-Frank 2014): Income used to qualify borrower(s) not permitted for use under Appendix Q. ([redacted]/Bank Statements) Loan designation submitted as Higher Priced QM, however bank statement income in Non-QM Reviewer Comment (2018-05-04): Submission as Non-QM was provided.  Based on adjusted lender's QM designation, the loan meets requirements.
 05/04/2018 1 A WI Primary Purchase D B C B C B A A Higher Priced QM Non QM No
207985450 [redacted] [redacted] 14036265 Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Issue:  Subject loan is a non-arms length transaction  outside of credit guidelines Non-Arms Length sale. Borrower purchasing from [redacted], which borrower is 100% owner.
Appraisal comments regarding the sale state he purchase contract appears to be in order, with one counter offer provided.		 DTI below max by 5% or greater. [redacted]% vs [redacted]%

PITIA reserves above minimum by 6 months or greater. 25 vs 6 months		 Reviewer Comment (2018-05-02): Client elected to waive the exception with verified compensating factors.


Buyer Comment (2018-05-01): ([redacted]) [redacted] waive with comp factors:
PITIA reserves above minimum by 6 months or greater. 25 vs 6 months
DTI below max by 5% or greater.[redacted]% vs[redacted]%
 05/02/2018 2 B WI Primary Purchase D B C B C B A A Higher Priced QM Non QM No
207985450 [redacted] [redacted] 14036266 Credit Credit Miscellaneous Guideline Credit Exception: Initial loan application reflects 3 investment properties not reflected on the Final loan application. Disposition of properties not addressed.
[redacted]
[redacted]
[redacted]
File also contains a mortgage statement for property located at [redacted]		 Reviewer Comment (2018-05-02): Ownership information provided showing borrower no longer owns the properties.


Buyer Comment (2018-05-01): ([redacted])Please see attached - satisfy condition based on properties owned by borrower LLCs.
 05/02/2018 1 A WI Primary Purchase D B C B C B A A Higher Priced QM Non QM No
207985450 [redacted] [redacted] 14036267 Compliance Compliance Federal Compliance ATR/QM Defect Check Restated Loan Designation Match - General Ability to Repay Ability to Repay (Dodd-Frank 2014): The initial Loan Designation provided did not match.  However, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM. Submission as Non-QM was provided. Reviewer Comment (2018-05-04): Submission as Non-QM was provided.  Based on adjusted lender's QM designation, the loan meets requirements.
 05/04/2018 2 B WI Primary Purchase D B C B C B A A Higher Priced QM Non QM No
207985450 [redacted] [redacted] 14036268 Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (Final/[redacted]) Added [redacted] upon receipt of seller's CD Buyer Comment (2018-05-04): Non-material:  Seller paid fees on bwr's CD were the only seller paid fees on behalf of borrower.  Additional Fees on the Seller CD were costs to the seller.  Seller Fees did not include any borrower closing costs that increased and were switched to seller-paid.
 05/04/2018 1 A WI Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B C B A A Higher Priced QM Non QM Yes
208735307 [redacted] [redacted] 15257556 Credit Credit Miscellaneous Guideline Credit Exception: 12 month Mortgage History not provided. Note: file contained an exception request however the exception approval was not executed. [redacted] representative FICO score > 600 guideline minimum Originator Pre-Close Reviewer Comment (2019-12-12): Lender exception approval in file
 12/12/2019 2 B LA Investment Refinance - Cash-out - Other C B C B     C A No
208735307 [redacted] [redacted] 15257561 Credit Credit Credit Eligibility Credit Active Tradeline requirement not met. Borrower did not meet guideline tradeline requirement.  Note: file contained an exception request however the exception approval was not executed. [redacted] representative FICO score > 600 guideline minimum Originator Pre-Close Reviewer Comment (2019-12-12): Lender exception approval in file
 12/12/2019 2 B LA Investment Refinance - Cash-out - Other C B C B     C A No
208735307 [redacted] [redacted] 15257565 Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to go in a securitization and reflects only one valuation product when two are required. The file is missing a secondary valuation required for securitization purposes Reviewer Comment (2019-12-12): A desk review was obtained supporting the appraised value
 12/12/2019 1 A LA Investment Refinance - Cash-out - Other C B C B     C A No
208735342 [redacted] [redacted] 15294909 Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to go in a securitization and reflects only one valuation product when two are required. The file was missing a secondary valuation required for securitization purposes Reviewer Comment (2019-12-12): A desk review was obtained supporting the appraised value
 12/12/2019 1 A LA Investment Refinance - Cash-out - Other C A A A     C A No
208735346 [redacted] [redacted] 15294548 Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to go in a securitization and reflects only one valuation product when two are required. The file was missing a secondary valuation required for securitization purposes Reviewer Comment (2019-12-12): A desk review was obtained supporting the appraised value
 12/12/2019 1 A GA Investment Refinance - Cash-out - Other C A A A     C A No
209986000 [redacted] [redacted] 16692230 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Bankruptcy Documents not provided Not provided in loan file. Reviewer Comment (2020-02-13): Provided.
 02/13/2020 1 A CA Primary Refinance - Cash-out - Debt Consolidation C B C B A A A A Non QM Non QM No
209986000 [redacted] [redacted] 16692234 Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided Missing [redacted] mortgage payment check for the VOM history. Reviewer Comment (2020-02-16): Provided.


Reviewer Comment (2020-02-13): Received payment checks and payment history letter with checks listed for the dates paid. Check #[redacted] is dated [redacted] for payment [redacted], but the check states [redacted] in the memo section and so do most other checks for each month, that is how the check were counted. For [redacted] check missing, the dates go from [redacted] to [redacted].Missing [redacted] check.
 02/16/2020 1 A CA Primary Refinance - Cash-out - Debt Consolidation C B C B A A A A Non QM Non QM No
209986000 [redacted] [redacted] 16692235 Credit Credit Miscellaneous Guideline Credit Exception: The owner of the subject, per the mortgage statement, is [redacted] management. The borrower is refinancing as as sole borrower with no ownership of the subject. The mortgage is not in the name of the borrower per title. Confirm the refinance status. Reviewer Comment (2020-02-13): 24-month chain of title reflects the borrower listed since [redacted]. seasoning requirements met.
 02/13/2020 1 A CA Primary Refinance - Cash-out - Debt Consolidation C B C B A A A A Non QM Non QM No
209986000 [redacted] [redacted] 16692236 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Reviewer Comment (2020-02-13): Provided.
 02/13/2020 1 A CA Primary Refinance - Cash-out - Debt Consolidation C B C B A A A A Non QM Non QM No
209986000 [redacted] [redacted] 16692237 Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Primary cash out with a loan amount over $[redacted], with a reduced doc loan, max LTV is 75%. Borrower has worked in the same position for more than 3 years.

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

Borrower has verified disposable income of at least $2500.00.		 over 5 years self employed with the same business.

over $[redacted] in residual income vs. the minimum of $3100.		 Owner

Originator,Owner

Owner,Originator		 Reviewer Comment (2020-02-13): Client elects to waive. Exception waiver approval provided.  Compensating factors: years on the job and residual income.
 02/13/2020 2 B CA Primary Refinance - Cash-out - Debt Consolidation C B C B A A A A Non QM Non QM No
209986000 [redacted] [redacted] 16692238 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Combined loan to value discrepancy. Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. Primary cash out with a loan amount over $[redacted], with a reduced doc loan, max LTV is 75%. Borrower has worked in the same position for more than 3 years.

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

Borrower has verified disposable income of at least $2500.00.		 over 5 years self employed with the same business.

over $[redacted] in residual income vs. the minimum of $3100.		 Owner

Originator,Owner

Owner,Originator		 Reviewer Comment (2020-02-26): Exception approval


Reviewer Comment (2020-02-13): Client elects to waive. Exception waiver approval provided.  Compensating factors: years on the job and residual income.
 02/13/2020 2 B CA Primary Refinance - Cash-out - Debt Consolidation C B C B A A A A Non QM Non QM No
209986000 [redacted] [redacted] 16692239 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Loan amount is $[redacted] Borrower has worked in the same position for more than 3 years.

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

Borrower has verified disposable income of at least $2500.00.		 over 5 years self employed with the same business.

over $[redacted] in residual income vs. the minimum of $3100.		 Owner

Originator,Owner

Owner,Originator		 Reviewer Comment (2020-02-13): Client elects to waive. Exception waiver approval provided.  Compensating factors: years on the job and residual income.
 02/13/2020 2 B CA Primary Refinance - Cash-out - Debt Consolidation C B C B A A A A Non QM Non QM No
209986001 [redacted] [redacted] 16692241 Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to go in a securitization and reflects only one valuation product when two are required. Reviewer Comment (2020-02-16): Provided.
 02/16/2020 1 A CA Primary Refinance - Cash-out - Other C B C B C A C A Non QM Non QM No
209986001 [redacted] [redacted] 16692242 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted]% or Final Disclosure APR of[redacted]% is in excess of allowable threshold of APOR[redacted]% +[redacted]%, or[redacted]%.  Compliant Higher Priced Mortgage Loan. Reviewer Comment (2020-02-16): CDA and updated appraisal provided.
 02/16/2020 1 A CA Primary Refinance - Cash-out - Other C B C B C A C A Non QM Non QM No
209986001 [redacted] [redacted] 16692244 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Processing Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. No Cure or Documentation provided. Reviewer Comment (2020-02-14): Fee was located in section A of the LEs, and then corrected on the CDs into section B. The fee amount did not change.
 02/14/2020 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C A C A Non QM Non QM Yes
209986001 [redacted] [redacted] 16692246 Credit Insurance Insurance Analysis Insurance Hazard Insurance Policy expires within 90 days of the Note Date. Hazard Insurance Policy Expiration Date ___, Note Date ___ Buyer Comment (2020-02-18): Bill not out, will be paid when bill is sent, usually 30 days prior to expiration
 02/18/2020 2 B CA Primary Refinance - Cash-out - Other C B C B C A C A Non QM Non QM No
209986001 [redacted] [redacted] 16692247 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Guideline variance approved by lender at time of origination

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

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

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.		 Over [redacted] in residual income vs. the minimum of $2500.

LTV is [redacted]% vs. the max of 80%.		 Originator

Owner

Owner

Owner,Originator		 Reviewer Comment (2020-02-16): Client elects to waive. Exception waiver approval provided.  Compensating factors: LTV and residual income.
 02/16/2020 2 B CA Primary Refinance - Cash-out - Other C B C B C A C A Non QM Non QM No
209986001 [redacted] [redacted] 16692248 Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Property type discrepancy. The mortgage reflects the subject to be a PUD, and the appraisal reflects the subject toe be an SFR. No HOA dues on the appraisal, and the final CD reflects non-escrowed payments on pg 4. Reviewer Comment (2020-02-16): Updated appraisal provided.
 02/16/2020 1 A CA Primary Refinance - Cash-out - Other C B C B C A C A Non QM Non QM No
209986001 [redacted] [redacted] 16692249 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Reviewer Comment (2020-02-19): Dates the appraisal was sent to the borrower was provided.
 02/19/2020 1 A CA Primary Refinance - Cash-out - Other C B C B C A C A Non QM Non QM No
209986001 [redacted] [redacted] 16692250 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted]% or Final Disclosure APR of[redacted]% is in excess of allowable threshold of APOR[redacted]% +[redacted]%, or[redacted]%.  Non-Compliant Higher Priced Mortgage Loan. Reviewer Comment (2020-02-19): Dates the appraisal was sent to the borrower was provided.
 02/19/2020 1 A CA Primary Refinance - Cash-out - Other C B C B C A C A Non QM Non QM No
209986001 [redacted] [redacted] 16692251 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Reviewer Comment (2020-02-19): Dates the appraisal was sent to the borrower was provided.
 02/19/2020 1 A CA Primary Refinance - Cash-out - Other C B C B C A C A Non QM Non QM No
211367829 [redacted] [redacted] 17708121 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided Reviewer Comment (2020-06-19): Employer Identification Number (EIN) provided


Seller Comment (2020-06-19): EIN in loan app (attached)


Reviewer Comment (2020-06-16): EIN: [redacted] was provided missing the actual document to verify
 06/19/2020 1 A PA Investment Refinance - Cash-out - Other C A C A     A A No
211367829 [redacted] [redacted] 17708124 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Closing Protection Letter not provided Reviewer Comment (2020-06-19): Closing Protection Letter provided


Seller Comment (2020-06-19): attached


Reviewer Comment (2020-06-16): Final Title received but still missing the CPL


Seller Comment (2020-06-16): Final title uploaded
 06/19/2020 1 A PA Investment Refinance - Cash-out - Other C A C A     A A No
211367829 [redacted] [redacted] 17708168 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Title Preliminary not provided Reviewer Comment (2020-06-15): Final Title was provided
 06/15/2020 1 A PA Investment Refinance - Cash-out - Other C A C A     A A No
211367829 [redacted] [redacted] 17708292 Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file. Reviewer Comment (2020-06-15): Final Title was provided
 06/15/2020 1 A PA Investment Refinance - Cash-out - Other C A C A     A A No
211367829 [redacted] [redacted] 17708337 Credit Credit Credit Documentation Guideline Aged document: Credit Report  is more than 90 days prior to the note date. - Reviewer Comment (2020-06-11): The credit report must be within 120 days of closing, not 90 days which this one is.
 06/11/2020 1 A PA Investment Refinance - Cash-out - Other C A C A     A A No
211367831 [redacted] [redacted] 17708125 Credit Credit Credit Documentation Credit A credit report was not pulled for all members of the borrowing entity as required by guidelines. - Missing credit report for [redacted] who is [redacted]% member of borrowing business entity.  Guidelines indicate credit report is required for all principals of business with [redacted]% + ownership. Reviewer Comment (2020-06-11): [redacted] percentage dropped to[redacted]%
 06/11/2020 1 A NJ Investment Refinance - Cash-out - Other C A C A     A A No
211367831 [redacted] [redacted] 17708171 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided Missing verification of identification for [redacted] who is [redacted]% member of borrowing business entity.  Guidelines indicate verification of identification is required for all principals of business with [redacted]%+ ownership Reviewer Comment (2020-06-11): [redacted] percentage dropped to[redacted]%
 06/11/2020 1 A NJ Investment Refinance - Cash-out - Other C A C A     A A No
211367831 [redacted] [redacted] 17725812 Credit Credit Miscellaneous Guideline Credit Exception: For self-managed properties - canceled rent checks or bank statements showing 12 months of collected rent required Reviewer Comment (2020-06-19): 12 months of bank statements are in the file


Seller Comment (2020-06-19): Please refer to bank statements for [redacted] - same principal as borrowing entity
 06/19/2020 1 A NJ Investment Refinance - Cash-out - Other C A C A     A A No
211367833 [redacted] [redacted] 17708585 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Closing Protection Letter not provided Reviewer Comment (2020-06-19): Closing Protection Letter provided


Seller Comment (2020-06-19): attached
 06/19/2020 1 A NJ Investment Refinance - Cash-out - Other C A C A     A A No
211367833 [redacted] [redacted] 17709294 Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file. No evidence of a title policy in file Reviewer Comment (2020-06-15): Final Title was provided
 06/15/2020 1 A NJ Investment Refinance - Cash-out - Other C A C A     A A No
211367833 [redacted] [redacted] 17725950 Credit Guideline Guideline Issue Guideline Escrow waiver not allowed per guidelines. Flood Insurance is not escrowed and required by guidelines. Reviewer Comment (2020-06-15): Flood Insurance is being escrowed
 06/15/2020 1 A NJ Investment Refinance - Cash-out - Other C A C A     A A No
211367842 [redacted] [redacted] 17710252 Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Documented qualifying Assets for Closing of  ___ is less than Cash From Borrower ___. Reviewer Comment (2020-06-16): Cash to close does not need to be verified.
 06/16/2020 1 A OH Investment Purchase C A C A     A A No
211367842 [redacted] [redacted] 17710285 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Guidelines require 1.0 reserve ratio based on 6 months PITIA, however, verified reserves after closing is $0. Reviewer Comment (2020-06-16): Reserves liquidity has been verified and meets the guideline requirements.


Seller Comment (2020-06-16): Cash to close is not netted from borrower liquidity for calculation of reserve ratio
 06/16/2020 1 A OH Investment Purchase C A C A     A A No
211367864 [redacted] [redacted] 17712327 Credit Asset Asset Documentation Asset Insufficient funds for Reserves. Guidelines require ___, and verified reserves are ___. Reviewer Comment (2020-06-17): Reserves are met


Seller Comment (2020-06-17): Cash to close is not netted from borrower liquidity for calculation of reserve ratio
 06/17/2020 1 A NJ Investment Refinance - Rate/Term C A C A     A A No
211367864 [redacted] [redacted] 17712385 Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Documented qualifying Assets for Closing of  ___ is less than Cash From Borrower ___. Reviewer Comment (2020-06-17): Cash to close does not need to be verified


Seller Comment (2020-06-17): Cash to close is not netted from borrower liquidity for calculation of reserve ratio
 06/17/2020 1 A NJ Investment Refinance - Rate/Term C A C A     A A No
211367875 [redacted] [redacted] 17731283 Credit Credit Miscellaneous Guideline Credit Exception: For self-managed properties - canceled rent checks or bank statements showing 12 months of collected rent required.
The file has 12 months of bank statements but unable to determine if any rental income is included in them.		 Reviewer Comment (2020-06-19): 12 months of bank statements are in file


Seller Comment (2020-06-19): refer to [redacted] bank statements - same principal as borrowing entity


Seller Comment (2020-06-17): PS to follow up on rent collection
 06/19/2020 1 A NJ Investment Refinance - Cash-out - Other C A C A     A A No
211367875 [redacted] [redacted] 17731291 Credit Credit Miscellaneous Guideline Credit Exception: An amendment was provided to the original Operating Agreement for the Borrowing Entity dated [redacted]. Appears additional owners transferred their shares to the current 2 owners. It is unclear what the new percentages owned are for each owner is. Upon receipt of clarification, credit report and ID may be required for A. [redacted] if ownership percentage has increased to [redacted]% or more. Reviewer Comment (2020-06-19): Amendment to the Operating Agreement was provided


Seller Comment (2020-06-19): see attached


Reviewer Comment (2020-06-17): Require supporting documentation reflecting[redacted]% ownership. Exception remains.


Seller Comment (2020-06-17): [redacted] ownership percentage is [redacted]%.
 06/19/2020 1 A NJ Investment Refinance - Cash-out - Other C A C A     A A No
211367882 [redacted] [redacted] 17713443 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Upon receipt of additional asset documentation, asset ratio to be calculated. Must be 1.0+ Reviewer Comment (2020-06-17): Reserve requirement is met.
 06/17/2020 1 A NJ Investment Refinance - Rate/Term C A C A     A A No
211367882 [redacted] [redacted] 17713446 Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Documented qualifying Assets for Closing of  ___ is less than Cash From Borrower ___. Upon receipt of additional asset documentation, asset ratio to be calculated. Must be 1.0+ Reviewer Comment (2020-06-17): Cash to close is not required to be verified.
 06/17/2020 1 A NJ Investment Refinance - Rate/Term C A C A     A A No
211367882 [redacted] [redacted] 17731997 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided Provide the Amendment to the Operating Agreement dated [redacted] for the Borrowing Entity (multiple files for this borrower which included this Amendment) Reviewer Comment (2020-06-19): Operating Agreement was provided


Seller Comment (2020-06-19): see attached
 06/19/2020 1 A NJ Investment Refinance - Rate/Term C A C A     A A No
211367882 [redacted] [redacted] 17732005 Credit Credit Miscellaneous Guideline Credit Exception: For self-managed properties - canceled rent checks or bank statements showing 12 months of collected rent required. Unable to determine what is rental income with the 12 months of bank statements provided. Reviewer Comment (2020-06-17): 12 months of bank statements with rental income evidence is in the file.
 06/17/2020 1 A NJ Investment Refinance - Rate/Term C A C A     A A No
211367882 [redacted] [redacted] 17732023 Credit Credit Miscellaneous Guideline Credit Exception: Amendment to the Operating Agreement dated [redacted] reflects additional owners transferred shares to current owners. It is unknown the new percentage ownership for each current owner. Upon receipt of clarification, if A. [redacted] ownership percentage is [redacted]%+, credit report and ID will be required. ((multiple files for this borrower which included this Amendment)) Reviewer Comment (2020-06-17): The member is only[redacted]% owner.
 06/17/2020 1 A NJ Investment Refinance - Rate/Term C A C A     A A No
211367903 [redacted] [redacted] 17735397 Credit Credit Miscellaneous Guideline Credit Exception: Refi of 4 unit property.  Only 2 leases in file.  Missing 2 leases.  

Per guides, The property must be leased at the time of
origination with a Qualifying Lease. No more than 10% of the total unit
count may be vacant at time of origination, or one unit if the total unit
count is less than ten (10) units		 Reviewer Comment (2020-06-19): All 4 leases were provided.


Seller Comment (2020-06-19): see attached for all 4
 06/19/2020 1 A NJ Investment Refinance - Cash-out - Other C A C A     A A No
211367904 [redacted] [redacted] 17714430 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided Reviewer Comment (2020-06-24): EIN provided


Seller Comment (2020-06-23): see attached
 06/24/2020 1 A NY Investment Refinance - Cash-out - Other C A C A     A A No
211367906 [redacted] [redacted] 17735524 Credit Credit Miscellaneous Guideline Credit Exception: Hazard dec page D 0009 reflects a end year as [redacted].  Please have agent provide an updated dec page with the end year reflected as [redacted]. Reviewer Comment (2020-06-19): Agree coverage is in place


Seller Comment (2020-06-19): This was a typo considered immaterial
 06/19/2020 1 A NJ Investment Refinance - Cash-out - Other C A C A     A A No
211367910 [redacted] [redacted] 17715203 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003 Reviewer Comment (2020-06-12): The application was provided.
 06/12/2020 1 A MD Investment Refinance - Rate/Term D A D A     A A No
211367910 [redacted] [redacted] 17715213 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2020-06-12): Business Purpose Certificate was provided
 06/12/2020 1 A MD Investment Refinance - Rate/Term D A D A     A A No
211367910 [redacted] [redacted] 17715215 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Closing Protection Letter not provided Reviewer Comment (2020-06-12): CPL was provided
 06/12/2020 1 A MD Investment Refinance - Rate/Term D A D A     A A No
211367910 [redacted] [redacted] 17715218 Credit Credit Credit Documentation Missing Document  Missing Document: Credit Report not provided Reviewer Comment (2020-06-12): Credit Report was provided
 06/12/2020 1 A MD Investment Refinance - Rate/Term D A D A     A A No
211367910 [redacted] [redacted] 17715220 Credit Loan Package Documentation Application / Processing Insurance Missing Document: Flood Certificate not provided Per guidelines, FEMA check confirming subject is not in a flood zone should be provided and was not in the file.  The appraisal reflects Flood Zone X. Reviewer Comment (2020-06-12): Flood Hazard [redacted] was provided.
 06/12/2020 1 A MD Investment Refinance - Rate/Term D A D A     A A No
211367910 [redacted] [redacted] 17715221 Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided Lease agreements are required for Refinance loans oer Section 4.02 D(b) of the guidelines. Reviewer Comment (2020-06-12): Lease Agreement was provided.
 06/12/2020 1 A MD Investment Refinance - Rate/Term D A D A     A A No
211367910 [redacted] [redacted] 17715222 Credit Credit Credit Documentation Credit Missing Document: OFAC not provided Reviewer Comment (2020-06-12): OFAC was provided
 06/12/2020 1 A MD Investment Refinance - Rate/Term D A D A     A A No
211367910 [redacted] [redacted] 17715224 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Title Preliminary not provided Or Final Title. Reviewer Comment (2020-06-12): Title Commitment was provided
 06/12/2020 1 A MD Investment Refinance - Rate/Term D A D A     A A No
211367910 [redacted] [redacted] 17715227 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided Reviewer Comment (2020-06-12): Verification of Identification was provided
 06/12/2020 1 A MD Investment Refinance - Rate/Term D A D A     A A No
211367910 [redacted] [redacted] 17715230 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Tax Certificate not provided Reviewer Comment (2020-06-12): Was provided.
 06/12/2020 1 A MD Investment Refinance - Rate/Term D A D A     A A No
211367910 [redacted] [redacted] 17715246 Credit Loan Package Documentation Closing / Title Loan Package Documentation Mising Document: Closing Protection Letter not provided. Reviewer Comment (2020-06-12): CPL was provided.
 06/12/2020 1 A MD Investment Refinance - Rate/Term D A D A     A A No
211367910 [redacted] [redacted] 17715371 Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Missing all asset documents to support cash to close and the Reserve Ratio. Reviewer Comment (2020-06-12): Bank Statement was provided.
 06/12/2020 1 A MD Investment Refinance - Rate/Term D A D A     A A No
211367910 [redacted] [redacted] 17715381 Credit Insurance Insurance Documentation Insurance Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. Reviewer Comment (2020-06-12): Hazard Insurance Policy reflects $[redacted] loss of use.
 06/12/2020 1 A MD Investment Refinance - Rate/Term D A D A     A A No
211367910 [redacted] [redacted] 17715438 Credit Asset Asset Documentation Asset Insufficient funds for Reserves. Guidelines require Missing all asset documents to support cash to close and the Reserve Ratio. Reviewer Comment (2020-06-12): Bank Statement was provided.
 06/12/2020 1 A MD Investment Refinance - Rate/Term D A D A     A A No
211367910 [redacted] [redacted] 17735992 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided Property Management Questionnaire is required and was not provided. Reviewer Comment (2020-06-12): Property Management Questionnaire was provided.
 06/12/2020 1 A MD Investment Refinance - Rate/Term D A D A     A A No
211367911 [redacted] [redacted] 17715327 Credit Loan Package Documentation Application / Processing Insurance Missing Document: Flood Certificate not provided Reviewer Comment (2020-06-19): Not required


Seller Comment (2020-06-19): not in a special flood hazard area - not required
 06/19/2020 1 A MD Investment Refinance - Cash-out - Other C A C A     A A No
211367911 [redacted] [redacted] 17715403 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Title Preliminary not provided Reviewer Comment (2020-06-12): Title Commitment was provided
 06/12/2020 1 A MD Investment Refinance - Cash-out - Other C A C A     A A No
211367911 [redacted] [redacted] 17715432 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Closing Protection Letter not provided Reviewer Comment (2020-06-12): Closing Protection Letter was provided
 06/12/2020 1 A MD Investment Refinance - Cash-out - Other C A C A     A A No
211367911 [redacted] [redacted] 17715624 Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file. Reviewer Comment (2020-06-12): Title Commitment was provided.
 06/12/2020 1 A MD Investment Refinance - Cash-out - Other C A C A     A A No
211367912 [redacted] [redacted] 17717500 Credit Credit Credit Documentation Missing Document  Missing Document: Credit Report not provided Reviewer Comment (2020-06-12): Credit report was provided.
 06/12/2020 1 A NJ Investment Refinance - Cash-out - Other D A D A     A A No
211367912 [redacted] [redacted] 17717572 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003 Reviewer Comment (2020-06-12): Application was provided
 06/12/2020 1 A NJ Investment Refinance - Cash-out - Other D A D A     A A No
211367912 [redacted] [redacted] 17717575 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided Reviewer Comment (2020-06-12): Business Purpose Certificate was provided
 06/12/2020 1 A NJ Investment Refinance - Cash-out - Other D A D A     A A No
211367912 [redacted] [redacted] 17717576 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Closing Protection Letter not provided Reviewer Comment (2020-06-12): CPL was provided
 06/12/2020 1 A NJ Investment Refinance - Cash-out - Other D A D A     A A No
211367912 [redacted] [redacted] 17717578 Credit Loan Package Documentation Application / Processing Insurance Missing Document: Flood Certificate not provided Reviewer Comment (2020-06-12): Flood Cert was provided
 06/12/2020 1 A NJ Investment Refinance - Cash-out - Other D A D A     A A No
211367912 [redacted] [redacted] 17717579 Credit Credit Credit Documentation Credit Missing Document: OFAC not provided Reviewer Comment (2020-06-12): OFAC was provided.
 06/12/2020 1 A NJ Investment Refinance - Cash-out - Other D A D A     A A No
211367912 [redacted] [redacted] 17717581 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Title Preliminary not provided Reviewer Comment (2020-06-12): Final Title was provided
 06/12/2020 1 A NJ Investment Refinance - Cash-out - Other D A D A     A A No
211367912 [redacted] [redacted] 17717582 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided Reviewer Comment (2020-06-12): Verification of Identification was provided
 06/12/2020 1 A NJ Investment Refinance - Cash-out - Other D A D A     A A No
211367912 [redacted] [redacted] 17717583 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided A Property Management Questionnaire is required and was not provided. Reviewer Comment (2020-06-12): Property Management Questionnaire was provided.
 06/12/2020 1 A NJ Investment Refinance - Cash-out - Other D A D A     A A No
211367912 [redacted] [redacted] 17717588 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Non-Owner Occupancy Declaration not provided Reviewer Comment (2020-06-12): Non-Owner Occupancy Declaration was provided
 06/12/2020 1 A NJ Investment Refinance - Cash-out - Other D A D A     A A No
211367912 [redacted] [redacted] 17717631 Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file. Reviewer Comment (2020-06-12): Final Title was provided
 06/12/2020 1 A NJ Investment Refinance - Cash-out - Other D A D A     A A No
211367917 [redacted] [redacted] 17736854 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Closing Protection Letter not provided Reviewer Comment (2020-06-22): CPL was provided


Buyer Comment (2020-06-19): CPL has been uploaded
 06/22/2020 1 A PA Investment Refinance - Cash-out - Other C A C A     A A No
211367927 [redacted] [redacted] 17737569 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided Provide the Amendment to the Operating Agreement dated [redacted] (multiple loans for borrower in which this document was provided) Reviewer Comment (2020-06-26): Document was provided


Seller Comment (2020-06-25): attached.


Reviewer Comment (2020-06-25): Articles of Formation were provided. Per original condition, provide the Amendment to the Operating Agreement dated [redacted] (multiple loans for borrower in which this document was provided)


Seller Comment (2020-06-24): attached
 06/26/2020 1 A NJ Investment Refinance - Cash-out - Other C A C A     A A No
211367927 [redacted] [redacted] 17737575 Credit Credit Miscellaneous Guideline Credit Exception: Amendment to Operating Agreement dated [redacted] reflects additional owners transferred shares to current owners. Unable to determine new ownership percentages for each owner. Upon clarification, if A. [redacted] is [redacted]%+ owner, credit report and ID will be required. Reviewer Comment (2020-06-26): Ownership documentation was provided


Seller Comment (2020-06-25): the operating agreement on file for [redacted] shows a 75/25 ownership split.


Reviewer Comment (2020-06-25): Documented evidence of the new structure will need to be provided to support Guarantor for transaction is[redacted]% owner.


Seller Comment (2020-06-25): The amendment doc shows transfer of ownership from the original two members, to the current two members. the ownership structure is 75/25


Reviewer Comment (2020-06-24): Per the original condition, Amendment to Operating Agreement reflects additional owners transferred shares to current owners (amendments supersede the original document). Unable to determine what the new ownership percentages for the the current owners. Upon clarification, if [redacted] is[redacted]%+ owner, credit report and ID will be required.


Seller Comment (2020-06-24): Please refer to [redacted] operating agreement - [redacted] owns [redacted]%
 06/26/2020 1 A NJ Investment Refinance - Cash-out - Other C A C A     A A No
211367935 [redacted] [redacted] 17738156 Credit Credit Miscellaneous Guideline Credit Exception: For self-managed properties - canceled rent checks or bank statements showing 12 months of collected rent required
The file has 12 months of bank statements but unable to determine renal income.		 Reviewer Comment (2020-06-29): 12 months bank statement in file. Guarantor owns entity listed on bank statements


Seller Comment (2020-06-26): the [redacted] bank statements show 12 months rent collection. see attached for a mapping of the income amounts


Reviewer Comment (2020-06-25): Condition is not in regards to ownership. The current transaction is a refinance and is self managed by the borrower. Further, the experience form also reflects borrower also self manages additional REO properties. Track Record is not 0. Per guidelines, self managed properties require 12 months cancelled checks or bank statements for rents collected under Conditionally Required Documentation requirements.


Seller Comment (2020-06-24): [redacted] principals are same as [redacted]
 06/29/2020 1 A NJ Investment Refinance - Rate/Term C A C A     A A No
211367935 [redacted] [redacted] 17738162 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided Provide the Amendment to the Operating Agreement dated [redacted] (multiple loans to borrower contained this document) Reviewer Comment (2020-06-29): Assignments provided


Seller Comment (2020-06-26): Please clarify. There is no amendment


Reviewer Comment (2020-06-25): Assignment of Interest provided. Provide the Amendment to the Operating Agreement.


Seller Comment (2020-06-24): attached
 06/29/2020 1 A NJ Investment Refinance - Rate/Term C A C A     A A No
211367935 [redacted] [redacted] 17738171 Credit Credit Miscellaneous Guideline Credit Exception: Amendment to Operating Agreement dated [redacted] reflects additional owners transferred shares to current owners. Unable to determine new ownership percentages for each owner. Upon clarification, if A. [redacted] is [redacted]%+ owner, credit report and ID will be required. Reviewer Comment (2020-06-29): Assignments provided. [redacted] <[redacted]% owner.


Seller Comment (2020-06-26): That is not an amendment. The reason it is dated after the operating agreement is because PS requested it to show ownership transfer from original members to current members as outlined in the OA .


Reviewer Comment (2020-06-25): Per the original condition, Amendment to Operating Agreement reflects additional owners transferred shares to current owners (amendments supersede the original documents as it is dated later). Further the assignment of LLC provided reflects 2 owners transferred their shares to both current owners. Unable to determine what the new ownership percentages for the current owners are. Upon clarification, if [redacted] is[redacted]%+ owner, credit report and ID will be required.


Seller Comment (2020-06-24): please see [redacted] operating agreement - [redacted] owns[redacted]%
 06/29/2020 1 A NJ Investment Refinance - Rate/Term C A C A     A A No
211367967 [redacted] [redacted] 17713740 Credit Credit Miscellaneous Guideline Credit Exception: Provide the Borrower Experience Form/Property Management Questionnaire Reviewer Comment (2020-06-25): Per client, per Section 7.04 of the guidelines [redacted] will consider the borrower to have no property management experience (and therefore no questionnaire required) if the questionnaire is absent from the file AND the rate has been adjusted the required 0.375% above the Starting Rate. Purchase, experience form is absent and rate was adjusted.


Seller Comment (2020-06-24): n/a - track record is 0
 06/25/2020 1 A NJ Investment Refinance - Cash-out - Other C A C A     A A No
211367967 [redacted] [redacted] 17713746 Credit Credit Miscellaneous Guideline Credit Exception: For self-managed properties - canceled rent checks or bank statements showing 12 months of collected rent required. Reviewer Comment (2020-06-25): Per client, per Section 7.04 of the guidelines RRR will consider the borrower to have no property management experience (and therefore no questionnaire required) if the questionnaire is absent from the file AND the rate has been adjusted the required 0.375% above the Starting Rate. Purchase, experience form is absent and rate was adjusted.


Seller Comment (2020-06-24): n/a - track record is 0
 06/25/2020 1 A NJ Investment Refinance - Cash-out - Other C A C A     A A No
211367967 [redacted] [redacted] 17713757 Credit Credit Miscellaneous Guideline Credit Exception: Title, Item 3, reflects County Judgement Search shows lien of record: Tax Sale Cert No [redacted]. Item not addressed. Item on HUD-1 does not match number on title. Reviewer Comment (2020-06-25): Final Title was provided and no additional lien was present.


Seller Comment (2020-06-24): final title attached - please confirm if exception will remain
 06/25/2020 1 A NJ Investment Refinance - Cash-out - Other C A C A     A A No
211367967 [redacted] [redacted] 17713763 Credit Credit Miscellaneous Guideline Credit Exception: Provide the mortgage payoff statement as required per guidelines on refinances. Reviewer Comment (2020-06-25): Mortgage payoff was provided.


Seller Comment (2020-06-24): attached
 06/25/2020 1 A NJ Investment Refinance - Cash-out - Other C A C A     A A No
211367991 [redacted] [redacted] 17702996 Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the title evidence in file. Reviewer Comment (2020-09-02): Final Title Policy was provided.


Reviewer Comment (2020-06-24): We will need the client's consideration to determine if this is material or not before clearing.


Seller Comment (2020-06-24): closing is to follow the escrow instructions at close. final title not yet received, but if escrow instructions are followed correctly, coverage will be full loan amount


Reviewer Comment (2020-06-17): Evidence the title policy was updated to the correct loan amount was not provided.


Seller Comment (2020-06-17): Escrow instructions note full loan amount title coverage
 09/02/2020 1 A NJ Investment Refinance - Cash-out - Other C A C A     A A No
211367991 [redacted] [redacted] 17703054 Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. Insurance amount of [Redact] is less than the note amount of [Redact] based on the hazard evidence in file. Reviewer Comment (2020-06-17): HOI policy reflects replacement cost
 06/17/2020 1 A NJ Investment Refinance - Cash-out - Other C A C A     A A No
211367996 [redacted] [redacted] 17705600 Credit Missing Document General Missing Document Missing Document: HUD/CD not provided Cash to close is subject to change. Reviewer Comment (2020-06-24): Final HUD-1 provided


Seller Comment (2020-06-24): attached


Reviewer Comment (2020-06-17): HUD not found.


Seller Comment (2020-06-17): HUD uploaded
 06/24/2020 1 A NJ Investment Purchase C A C A     A A No
211367996 [redacted] [redacted] 17718831 Credit Credit Miscellaneous Guideline Credit Exception: Lease discrepancy.  Valuation reflects Unit 1 vacant unleased.  A lease agreement was provided (D017) for unit 1 with an end date [redacted]. Reviewer Comment (2020-06-17): Per guidelines, one of the units is allowed to be vacant.


Reviewer Comment (2020-06-17): Unit 2 lease was already in the file. The issue was there's a lease for unit 1 with an end date of [redacted]; however, in January when the appraisal was done it reflects that unit was vacant.


Seller Comment (2020-06-17): Unit 2 lease uploaded
 06/17/2020 1 A NJ Investment Purchase C A C A     A A No
211367996 [redacted] [redacted] 17821557 Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Documented qualifying Assets for Closing of  ___ is less than Cash From Borrower ___. Reviewer Comment (2020-06-26): Cash to close does not need to be verified.


Reviewer Comment (2020-06-25): We will need the client's consideration to determine if this is material or not before clearing


Seller Comment (2020-06-24): cash to close not netted from this calc
 06/26/2020 1 A NJ Investment Purchase C A C A     A A No
211367996 [redacted] [redacted] 17821558 Credit Fix and Flip General Fix and Flip Insufficient funds for Reserves. Guidelines require ___  of reserves, and verified reserves are ___. Liquidity not met after cash to close. Reviewer Comment (2020-06-26): Reserves requirements as been met.


Seller Comment (2020-06-25): see attached bank statement


Reviewer Comment (2020-06-25): Condition is in regards to reserves/liquidity vs. cash to close


Seller Comment (2020-06-24): cash to close not netted from this calc
 06/26/2020 1 A NJ Investment Purchase C A C A     A A No
211367996 [redacted] [redacted] 17831207 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Reviewer Comment (2020-06-26): Reserves requirements have been met
 06/26/2020 1 A NJ Investment Purchase C A C A     A A No
211367999 [redacted] [redacted] 17706356 Credit Credit Credit Documentation Missing Document  Missing Document: Credit Report not provided Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrower's Experience/Track Record

The qualifying DSCR on the loan is greater than the guideline minimum.		 28 months of Reserves vs 6 months required

Experienced investor

1.17 DSCR (85 PDTI vs 90 Max)		 Owner,Aggregator

Owner,Aggregator

Aggregator		 09/29/2020 2 B FL Investment Refinance - Cash-out - Other D B D B     A A No
211367999 [redacted] [redacted] 17706386 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Guarantor Agreement not provided Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrower's Experience/Track Record

The qualifying DSCR on the loan is greater than the guideline minimum.		 28 months of Reserves vs 6 months required

Experienced investor

1.17 DSCR (85 PDTI vs 90 Max)		 Owner,Aggregator

Owner,Aggregator

Aggregator		 09/29/2020 2 B FL Investment Refinance - Cash-out - Other D B D B     A A No
211367999 [redacted] [redacted] 17706458 Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrower's Experience/Track Record

The qualifying DSCR on the loan is greater than the guideline minimum.		 28 months of Reserves vs 6 months required

Experienced investor

1.17 DSCR (85 PDTI vs 90 Max)		 Owner,Aggregator

Owner,Aggregator

Aggregator		 09/29/2020 2 B FL Investment Refinance - Cash-out - Other D B D B     A A No
211367999 [redacted] [redacted] 17706520 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrower's Experience/Track Record

The qualifying DSCR on the loan is greater than the guideline minimum.		 28 months of Reserves vs 6 months required

Experienced investor

1.17 DSCR (85 PDTI vs 90 Max)		 Owner,Aggregator

Owner,Aggregator

Aggregator		 09/29/2020 2 B FL Investment Refinance - Cash-out - Other D B D B     A A No
211367999 [redacted] [redacted] 17707307 Credit Credit Credit Documentation Credit A credit report was not pulled for all members of the borrowing entity as required by guidelines. - 06/25/2020 1 A FL Investment Refinance - Cash-out - Other D B D B     A A No
211367999 [redacted] [redacted] 17719186 Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003 Error: Citizenship  was not provided 2 B FL Investment Refinance - Cash-out - Other D B D B     A A No
211367999 [redacted] [redacted] 17719206 Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrower's Experience/Track Record

The qualifying DSCR on the loan is greater than the guideline minimum.		 28 months of Reserves vs 6 months required

Experienced investor

1.17 DSCR (85 PDTI vs 90 Max)		 Owner,Aggregator

Owner,Aggregator

Aggregator		 09/29/2020 2 B FL Investment Refinance - Cash-out - Other D B D B     A A No
211600377 [redacted] [redacted] 17882366 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided At the time of review the loan file did not contain a fraud report. Reviewer Comment (2019-11-21): Fraud report provided, please see new exception.


Seller Comment (2019-11-19): see attached
 11/21/2019 1 A CA Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
211600377 [redacted] [redacted] 17882369 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redact] or Final Disclosure APR of [Redact] is in excess of allowable threshold of APOR [Redact] +[redacted]%, or [Redact].  Compliant Higher Priced Mortgage Loan. Reviewer Comment (2019-11-14): Compliant Higher Priced Mortgage Loan.
 11/14/2019 1 A CA Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
211600377 [redacted] [redacted] 17882371 Compliance Compliance State Compliance State HPML (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) [Redact] Higher-Priced Loan: APR on subject loan of [Redact] or Final Disclosure APR of [Redact] is in excess of allowable threshold of APOR [Redact] +[redacted]%, or [Redact].  Compliant Higher Priced Loan. Reviewer Comment (2019-11-14): Compliant Higher Priced Mortgage Loan.
 11/14/2019 1 A CA Primary Refinance - Cash-out - Other Based on the loan being a compliant California HPML, with no violations of prohibited practices, borrower choice letter is not required for cure given there are no further actions to be taken to make the loan compliant.  Loan may be cured so the loan is no longer an HPML as follows:

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

(Narrow Defense - CHD Approval Required):  Within 120 days of discovery or receipt of complaint, which compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintanence of procedures reasonably adapted to avoid such errors, the creditor provides: (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how higher-priced loan was made despite procredures to prevent); and (ii) the lender has not received any notice from borrower of the failure; (2) notification to borrower; (3) copy of refund check for overage so the loan is no longer HPML; and (4) proof of delivery.		 C A C A C A A A Non QM Non QM No
211600377 [redacted] [redacted] 17882372 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date Truth in Lending Act:  Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). The final CD was not signed therefore, the presumed date of receipt is [Redact]. The Right to Cancel expiration date is [Redact] which is less than 3 days after the presumed date of receipt. Reviewer Comment (2019-11-21): Final Closing Disclosure provided.


Seller Comment (2019-11-19): Docs signed [Redact] Rescission expired [Redact]  - [Redact] CD is a preview CD and not sent to borrower See Consumate CD attached signed by borrower at docs
 11/21/2019 1 A CA Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C A C A C A A A Non QM Non QM Yes
211600377 [redacted] [redacted] 17882376 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [Redact], prior to three (3) business days from transaction date of [Redact]. The final CD was not signed therefore, the presumed date of receipt is [Redact] and the disbursement date is [Redact] which is less than 3 days after the presumed date of receipt. Reviewer Comment (2019-11-26): Received PCCD with corrected disbursement date.


Seller Comment (2019-11-25): See attached final settlement statement and PCCD showing disbursement date of [Redact]


Reviewer Comment (2019-11-21): Final Closing Disclosure provided disclosing a closing date of [Redact] and a disbursement date of [Redact] The date of consummation is on [Redact] and the earliest Eligible Disbursement date is [Redact] Final Settlement Statement indicates the disbursement date is [Redact]  Please provided a PPCD with corrected closing date and disbursement date.


Seller Comment (2019-11-19): Docs signed [Redact] Rescission expired [Redact]  - [Redact] CD is a preview CD and not sent to borrower See Consumate CD attached signed by borrower at docs
 11/26/2019 1 A CA Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C A C A C A A A Non QM Non QM Yes
211600377 [redacted] [redacted] 17882378 Credit Credit Credit Eligibility Guideline There are red flags on the fraud report that have not been addressed - Red Flags on the fraud report was not addressed. Reviewer Comment (2019-12-03): Received Fraud Report, red flags have been addressed.


Seller Comment (2019-11-27): Please see corrected Fraud Report


Reviewer Comment (2019-11-27): 3 Reds flags for Occupancy issue, possible Identity issue and Non-Arms length transaction issue are not cleared on Fraud Report provided.


Seller Comment (2019-11-26): Please see attached updated Fraud report
 12/03/2019 1 A CA Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
211600377 [redacted] [redacted] 17882379 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redact] disclosed a Closing Date that did not match the actual date of consummation. New exception after trailing docs. Final Closing disclosure provided disclosing a closing date of [Redact]  and the date of consummation was on [Redact] . Reviewer Comment (2019-11-26): [redacted] received PCCD correcting close date and LOE. Exception Cured.


Seller Comment (2019-11-25): Please see attached Settlement Statement, Post CD and email to borrower showing loan as cashout refi
 11/26/2019 1 A CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C A C A C A A A Non QM Non QM Yes
211600377 [redacted] [redacted] 17882381 Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. New Exception after trailing docs: Final Closing Disclosure disclosed Cash to Close as [Redact]  Assets were not located in the file. Reviewer Comment (2019-11-27): PCCD dated [Redact] and Final Settlement statement verify [Redact] cash to borrower.


Seller Comment (2019-11-25): Please be advised that borrower received cash back there for no assets were required - see attached final settlement statement and post CD
 11/27/2019 1 A CA Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
211600377 [redacted] [redacted] 17882383 Credit Compliance Miscellaneous Compliance Compliance Borrower is not receiving cash back on a loan that was identified as Cash Out. - New Exception after trailing docs:  Loan approved as a cash out refinance and the Final Closing Disclosure disclosed [Redact] cash to close from the borrower. Reviewer Comment (2019-11-27): PCCD dated [Redact] and Final Settlement statement verify [Redact] cash to borrower.


Seller Comment (2019-11-25): See attached settlement statement, PCCD and email to borrower showing loan as cash out refi
 11/27/2019 1 A CA Primary Refinance - Cash-out - Other C A C A C A A A Non QM Non QM No
211600560 [redacted] [redacted] 17883740 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of [Redact] exceeds tolerance of [Redact].  Sufficient or excess cure was provided to the borrower at Closing. 09/06/2019 1 A MO Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
215129054 [redacted] [redacted] 21415987 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted]% or Final Disclosure APR of[redacted]% is in excess of allowable threshold of APOR[redacted]% +[redacted]%, or[redacted]%.  Compliant Higher Priced Mortgage Loan. Verified fees were input correctly. Reviewer Comment (2018-06-01): [redacted] purchase HPML compliant loans.
 11/29/2017 1 A FL Primary Refinance - Cash-out - Debt Consolidation C A C A C A A A Non QM Non QM No
215129054 [redacted] [redacted] 21415999 Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account Statement Missing RESPA: Initial escrow account statement was not provided to the borrower. Reviewer Comment (2018-06-01): Seller provided the initial escrow disclosure dated [redacted].
 11/30/2017 1 A FL Primary Refinance - Cash-out - Debt Consolidation C A C A C A A A Non QM Non QM Yes
215129054 [redacted] [redacted] 21416004 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[redacted]) Evidence of earlier borrower receipt was not found in file. Reviewer Comment (2018-06-01): Seller provided the initial CD dated [redacted] and e-signed on [redacted].
 11/30/2017 1 A FL Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C A C A C A A A Non QM Non QM No
215129054 [redacted] [redacted] 21416032 Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least four (4) business days prior to closing. (Interim/[redacted]) Evidence of earlier borrower receipt was not found in file. Reviewer Comment (2018-06-01): Seller provided the LE disclosure tracking for the revised LE e-received on [redacted].
 11/30/2017 1 A FL Primary Refinance - Cash-out - Debt Consolidation No Defined Cure C A C A C A A A Non QM Non QM No
215129054 [redacted] [redacted] 21416037 Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form Notice of Right to Cancel Missing Truth in Lending Act: Notice of Right to Cancel was not provided. Reviewer Comment (2018-06-01): Seller provided the form H8 RTC signed and dated [redacted].
 11/30/2017 1 A FL Primary Refinance - Cash-out - Debt Consolidation TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C A C A C A A A Non QM Non QM Yes
215129054 [redacted] [redacted] 21416043 Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy. Lender approved Exception. Reviewer Comment (2018-06-01): Borrowers middle FICO [redacted] meets minimum of 660 for SPA5 loan program.


Reviewer Comment (2018-06-01): Incorrectly waived


Reviewer Comment (2018-06-01): [redacted] has elected to waive this requirement based on compensating factors.
 12/13/2017 1 A FL Primary Refinance - Cash-out - Debt Consolidation C A C A C A A A Non QM Non QM No
215129067 [redacted] [redacted] 21415859 Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Reviewer Comment (2018-06-01): Seller provided updated A5 guides allowing[redacted]% LTV with [redacted] FICO
 12/28/2017 1 A NJ Primary Purchase C B C A C B A A Non QM Non QM No
215129067 [redacted] [redacted] 21415860 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted]% or Final Disclosure APR of[redacted]% is in excess of allowable threshold of APOR[redacted]% +[redacted]%, or[redacted]%.  Compliant Higher Priced Mortgage Loan. Reviewer Comment (2018-06-01): [redacted] purchases HPML compliant loans.
 11/27/2017 1 A NJ Primary Purchase C B C A C B A A Non QM Non QM No
215129067 [redacted] [redacted] 21415865 Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception.
 12/11/2017 2 B NJ Primary Purchase C B C A C B A A Non QM Non QM No
215129067 [redacted] [redacted] 21415869 Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account Statement Missing RESPA: Initial escrow account statement was not provided to the borrower. Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception.
 12/11/2017 2 B NJ Primary Purchase C B C A C B A A Non QM Non QM Yes
215129067 [redacted] [redacted] 21415872 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Prepaid Property Tax Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [redacted] did not disclose number of months for Property Tax under Prepaids. (Final/[redacted]) Line 4, Section F, number of months is blank. Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception.
 12/11/2017 2 B NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
215129067 [redacted] [redacted] 21415875 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[redacted]) Cure for (Title - Wire/Funding/Disbursement Fee) of ($[redacted]) was not provided. Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception.
 12/11/2017 2 B NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
215129067 [redacted] [redacted] 21415878 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[redacted]) Evidence of earlier borrower receipt was not found in file. Reviewer Comment (2018-06-01): Seller provided the initial CD dated [redacted] and the e-receipt and e-consent.


Reviewer Comment (2018-06-01): Seller provided E-disclosure tracking for initial CD dated [redacted] - missing the [redacted] CD. Exception remains.


Reviewer Comment (2018-06-01): No document provided. Exception remains open.
 01/02/2018 1 A NJ Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
215129067 [redacted] [redacted] 21415883 Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. (Final/[redacted]) TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.  Seller CD fees total $[redacted], while closing CD seller's fees total $[redacted]. Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception.
 12/11/2017 1 A NJ Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
215129067 [redacted] [redacted] 21415888 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Wire /Funding/ Disbursement Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (75206) Fee was not disclosed on Loan Estimate. Reviewer Comment (2018-06-01): Seller provided the corrected PCCD moving the fee from B to C, LOX and shipping label.
 12/11/2017 2 B NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
215129067 [redacted] [redacted] 21415891 Credit Credit Miscellaneous Guideline Credit Exception: Please provide HOA information for [redacted]. DTI subject to change. Reviewer Comment (2018-06-01): Seller provided tax records and MLS listing as subject listed incorrectly as condo- subject is SF attached.
 12/28/2017 1 A NJ Primary Purchase C B C A C B A A Non QM Non QM No
215129087 [redacted] [redacted] 21416249 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003 Final 1003 is not signed & dated by Loan Originator. Reviewer Comment (2018-06-01): LO signed the initial 1003, borrower signed the final 1003 LO not required.
 12/14/2017 1 A NY Primary Purchase C A C A A A A A Non QM Non QM No
215129097 [redacted] [redacted] 21416294 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. (Final/[redacted]) Finance charges under disclosed by $[redacted] due to the HOA/questionnaire not included. Reviewer Comment (2018-06-01): After further review $[redacted] fee is HOA Dues therefore it can be excluded. Exception is cleared.
 01/24/2018 1 A FL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
215129097 [redacted] [redacted] 21416302 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[redacted]) Cure for (Discount fee) of ($[redacted]) was not provided. Reviewer Comment (2018-06-01): Seller provided the COC dated [redacted] for the rate lock.


Reviewer Comment (2018-06-01): Incorrectly waived


Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception.


Reviewer Comment (2018-06-01): [redacted] LE was rate locked - please provide COC for rate lock. Exception remains.
 01/09/2018 1 A FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
215129097 [redacted] [redacted] 21416306 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[redacted]) No evidence of earlier receipt located in the file. Reviewer Comment (2018-06-01): Seller provided the initial CD dated [redacted] per the disclosure tracking.


Reviewer Comment (2018-06-01): Discl tracking reflects initial CD sent [redacted] however only CD in file has issue date of [redacted]. Please provide the [redacted] initial CD. Exception remains open.


Reviewer Comment (2018-06-01): Final CD in file dated [redacted] signed [redacted]. Exception remains.
 01/19/2018 1 A FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
215129097 [redacted] [redacted] 21416308 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7200) A valid COC was not provided. Reviewer Comment (2018-06-01): Seller provided the COC dated [redacted] for the rate lock.


Reviewer Comment (2018-06-01): [redacted] LE was rate locked - please provide COC for rate lock. Exception remains.
 01/09/2018 1 A FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C B A A Non QM Non QM Yes
215129097 [redacted] [redacted] 21416310 Compliance Compliance Federal Compliance TILA ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. The earliest disclosure was provided on[redacted] however the application date is[redacted]. Reviewer Comment (2018-06-01): Loan was originated as fixed at time of loan application and changed to adjustable on [redacted] LE.
 01/05/2018 1 A FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
215129097 [redacted] [redacted] 21416312 Credit Credit Miscellaneous Guideline Credit Exception: Mortgage payment history is [redacted] ([redacted] and [redacted]) on a closed HELOC vs program delinquency of 1x30x12. Lender approved exception page 953. [redacted] representative FICO score > 680 guideline minimum -[redacted] points above guideline minimum

[redacted]% DTI on this Alt documentation loan < 43% guideline max - [redacted]% below program guideline maximum

[redacted] months reserves > 3 months guideline minimum		 Reviewer Comment (2018-06-01): [redacted] has elected to waive this requirement based on compensating factors.
 01/02/2018 2 B FL Primary Purchase C B C B C B A A Non QM Non QM No
215129097 [redacted] [redacted] 21416314 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted]% or Final Disclosure APR of[redacted]% is in excess of allowable threshold of APOR[redacted]% +[redacted]%, or[redacted]%.  Compliant Higher Priced Mortgage Loan. Reviewer Comment (2018-06-01): [redacted] mortgage purchase HPML compliant loans.
 01/02/2018 1 A FL Primary Purchase C B C B C B A A Non QM Non QM No
215129097 [redacted] [redacted] 21416316 Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (Final/[redacted]) The final Consumer CD did not reflect any of the seller paid fees. Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception.
 01/09/2018 1 A FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
215129097 [redacted] [redacted] 21416318 Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. The LTV of [redacted]% exceeds the guideline maximum for SP A5 Bank Statement Income of 80%. Reviewer Comment (2018-06-01): Seller provided updated guides allowing[redacted]% with [redacted] fico
 01/05/2018 1 A FL Primary Purchase C B C B C B A A Non QM Non QM No
215129097 [redacted] [redacted] 21416320 Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Timing TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower within three (3) days of application. Disclosure dated[redacted] application plus 3 days[redacted]. Reviewer Comment (2018-06-01): Loan was originated as fixed at time of loan application and changed to adjustable on [redacted] LE.
 01/05/2018 1 A FL Primary Purchase No Defined Cure C B C B C B A A Non QM Non QM No
215129097 [redacted] [redacted] 21416322 Credit Credit Miscellaneous Guideline Credit Exception: Lender approved exception (page 953); borrower is self employed for 1 year and 8 months vs program requirement for 2 years self employment. [redacted] representative FICO score > 680 guideline minimum -[redacted] points above guideline minimum

[redacted]% DTI on this Alt documentation loan < 43% guideline max - [redacted]% below program guideline maximum

[redacted] months reserves > 3 months guideline minimum		 Reviewer Comment (2018-06-01): [redacted] has elected to waive this requirement based on compensating factors.
 01/02/2018 2 B FL Primary Purchase C B C B C B A A Non QM Non QM No
215129097 [redacted] [redacted] 21416325 Compliance Compliance Federal Compliance TRID Defect TRID Closing Disclosure Issue Date Not Provided TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on [redacted] did not disclose the actual Date Issued. Compliance testing may be unreliable using an estimated Date Issued based on best information available. (Initial/[redacted]) The initial CD is missing the date issued and Closing date. Reviewer Comment (2018-06-01): Seller provided a attestation letter the issue date [redacted]and closing date [redacted] should have been referenced as so.
 01/22/2018 2 B FL Primary Purchase Good Faith Redisclosure C B C B C B A A Non QM Non QM Yes
215129099 [redacted] [redacted] 21416351 Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account Statement Missing RESPA: Initial escrow account statement was not provided to the borrower. Evidence of borrower receipt was not found in file. Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception.
 01/03/2018 2 B CA Second Home Purchase C B C A C B A A Non QM Non QM Yes
215129099 [redacted] [redacted] 21416363 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[redacted]) Cure for various 0% tolerance violations in the amount of $[redacted] was not provided. Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception.
 01/03/2018 2 B CA Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
215129099 [redacted] [redacted] 21416366 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[redacted]) Evidence of earlier borrower receipt was not found in file. Reviewer Comment (2018-06-01): Seller provided the initial CD tracking e-receipt on [redacted].
 01/03/2018 1 A CA Second Home Purchase No Defined Cure C B C A C B A A Non QM Non QM No
215129099 [redacted] [redacted] 21416371 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7200) Loan Discount Points not disclosed on Initial Loan Estimate, but disclosed as $5,280 on Final Closing Disclosure. No COC provided for [redacted] discount fee disclosed. Reviewer Comment (2018-06-01): Seller provided the attestation letter for anticipated closing date.


Reviewer Comment (2018-06-01): Esscalated


Reviewer Comment (2018-06-01): Please provide an attestation letter regarding the closing date (what date was anticipated) for the initial CD as this was blank  and we can review the date from the letter to clear. Exception remains.


Reviewer Comment (2018-06-01): Escalated
 01/04/2018 1 A CA Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
215129099 [redacted] [redacted] 21416374 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Electronic Document Delivery Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (75188) Electronic Document Delivery Fee not disclosed on Initial Loan Estimate, but disclosed as $50 on Final Closing Disclosure. Reviewer Comment (2018-06-01): Seller provided a corrected PCCD, refund, LOX and shipping label.


Reviewer Comment (2018-06-01): COC provided for [redacted] and [redacted] does not address the title - courier fee. Exception remains.
 01/04/2018 2 B CA Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
215129099 [redacted] [redacted] 21416377 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Recording Service Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (75197) Recording Service Fee not disclosed on Initial Loan Estimate, but disclosed as $[redacted] on Final Closing Disclosure. Reviewer Comment (2018-06-01): Seller provided a corrected PCCD, refund, LOX and shipping label.


Reviewer Comment (2018-06-01): The COC [redacted] and [redacted] does not address the recording service fee. Exception remains
 01/04/2018 2 B CA Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
215129099 [redacted] [redacted] 21416379 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure No Seller Paid Fees Non Primary Residence TRID Final Closing Disclosure [redacted] on a purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) (Final/[redacted]) Seller paid fees are required to be on the borrowers Final Closing Disclosure. The borrowers Closing Disclosure did not list any. Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception.
 01/03/2018 1 A CA Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
215129099 [redacted] [redacted] 21416382 Compliance Compliance Federal Compliance TRID TRID non-compliant: Fees were not reflected in the correct section of the disclosure. TRID non-compliant. Fees were not reflected in the correct section of the disclosure. The lender did not disclose the fees in the correct section.  The Title fees were listed in Section C on the Loan Estimates and then moved to Section B of the Final Closing Disclosure.  The borrower chose the title company. Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception.
 01/03/2018 2 B CA Second Home Purchase Good Faith Redisclosure C B C A C B A A Non QM Non QM Yes
215129099 [redacted] [redacted] 21416384 Credit Loan Package Documentation Closing / Title Loan Package Documentation Title Error:  Title policy/commitment does not reflect sufficient title insurance coverage No coverage amount reflected - guides require minimum coverage to cover loan amount. Reviewer Comment (2018-06-01): Seller provided the final title policy with [redacted] in coverage - note [redacted].
 01/03/2018 1 A CA Second Home Purchase C B C A C B A A Non QM Non QM No
215129099 [redacted] [redacted] 21416391 Compliance Compliance Federal Compliance TRID TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. Reviewer Comment (2018-06-01): Seller provided the e-consent dated [redacted].
 01/03/2018 1 A CA Second Home Purchase No Defined Cure C B C A C B A A Non QM Non QM No
215129133 [redacted] [redacted] 21416767 Credit Credit Miscellaneous Guideline Credit Exception: The Preliminary Title report in file is not in the name of the lender, [redacted], a Limited Liability Corporation; it is in the name of [redacted]; no further documentation exists to support the Proposed Insured name. Reviewer Comment (2018-06-01): Seller provided the updated title in the proposed name of [redacted] dated [redacted].
 02/23/2018 1 A FL Investment Purchase C A C A A A A A N/A N/A No
215129137 [redacted] [redacted] 21416843 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Property is located in a disaster area. Appraisal(s) dated [redacted] and [redacted] no damage from CA Wildfire, Flood, Mudslide. Reviewer Comment (2018-06-01): [redacted] has elected to waive with compensating factor as appraisal dated after disaster declared [redacted].
 02/27/2018 2 B CA Primary Refinance - Cash-out - Debt Consolidation C B C B A A A A Non QM Non QM No
215129137 [redacted] [redacted] 21416844 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Combined loan to value discrepancy. Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. LTV exceeds the lender guide of 70%, an exception was granted. [redacted] months reserves > 6  months guideline minimum

[redacted]% DTI on this bank statement documentation loan < 50% guideline max		 Reviewer Comment (2018-06-01): [redacted] has elected to waive this requirement based on compensating factors.
 02/26/2018 2 B CA Primary Refinance - Cash-out - Debt Consolidation C B C B A A A A Non QM Non QM No
215129160 [redacted] [redacted] 21417028 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Sel employed 6 years and 20 years in same line of work ([redacted]).

Pays accounts as agreed and no public records

[redacted] DTI on this Alt documentation loan < [redacted]% guideline max - 50% below program guideline maximum		 Reviewer Comment (2018-06-01): [redacted] has elected to waive this requirement based on compensating factors.
 03/27/2018 2 B PA Primary Purchase D B C B C B A A Non QM Non QM No
215129160 [redacted] [redacted] 21417030 Credit Credit Credit Documentation Credit Aged document: Primary Valuation is older than guidelines permit Valuation Type: Appraisal / Valuation Report Date: [redacted] Lender approved exception to allow use of recertification of vale - appraisal expires [redacted] Sel employed 6 years and 20 years in same line of work ([redacted]).

Pays accounts as agreed and no public records

[redacted] DTI on this Alt documentation loan < [redacted]% guideline max - 50% below program guideline maximum		 Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception based on compensating factors.
 03/19/2018 2 B PA Primary Purchase D B C B C B A A Non QM Non QM No
215129160 [redacted] [redacted] 21417032 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted]% or Final Disclosure APR of[redacted]% is in excess of allowable threshold of APOR[redacted]% +[redacted]%, or[redacted]%.  Compliant Higher Priced Mortgage Loan. Disclosure reflects APR as[redacted]%; calculated is[redacted]%; threshold is[redacted]%. Reviewer Comment (2018-06-01): [redacted] mortgage purchases HPML compliant loans.
 03/19/2018 1 A PA Primary Purchase D B C B C B A A Non QM Non QM No
215129160 [redacted] [redacted] 21417034 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure AIR Table First Change Frequency TILA-RESPA Integrated Disclosure - Adjustable Interest Rate Table: Final Closing Disclosure provided on [redacted] did not disclose the First Change frequency. (Final/[redacted]) Disclosure reflects product as Adjustable Rate; Loan Terms sections reflects Interest Rate "Cannot Change"; AIR table not provided. Reviewer Comment (2018-06-01): Seller provided the LOX and corrected PCCD.
 03/27/2018 2 B PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B C B A A Non QM Non QM Yes
215129160 [redacted] [redacted] 21417036 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure AIR Table First Change Limit TILA-RESPA Integrated Disclosure - Adjustable Interest Rate Table: Final Closing Disclosure provided on [redacted] did not disclose the First Change Limit. (Final/[redacted]) Disclosure reflects product as Adjustable Rate; Loan Terms sections reflects Interest Rate "Cannot Change"; AIR table not provided. Reviewer Comment (2018-06-01): Seller provided the LOX and corrected PCCD.
 03/27/2018 2 B PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B C B A A Non QM Non QM Yes
215129160 [redacted] [redacted] 21417038 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure AIR Table Index And Margin TILA-RESPA Integrated Disclosure - Adjustable Interest Rate Table: Final Closing Disclosure provided on [redacted] did not disclose Index or Margin. (Final/[redacted]) Disclosure reflects product as Adjustable Rate; Loan Terms sections reflects Interest Rate "Cannot Change"; AIR table not provided. Reviewer Comment (2018-06-01): Seller provided the LOX and corrected PCCD.
 03/27/2018 2 B PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B C B A A Non QM Non QM Yes
215129160 [redacted] [redacted] 21417040 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure AIR Table Initial Interest Rate TILA-RESPA Integrated Disclosure - Adjustable Interest Rate Table: Final Closing Disclosure provided on [redacted] did not disclose the Initial Interest Rate. (Final/[redacted]) Disclosure reflects product as Adjustable Rate; Loan Terms sections reflects Interest Rate "Cannot Change"; AIR table not provided. Reviewer Comment (2018-06-01): Seller provided the LOX and corrected PCCD.
 03/27/2018 2 B PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B C B A A Non QM Non QM Yes
215129160 [redacted] [redacted] 21417042 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure AIR Table Maximum Interest Rate TILA-RESPA Integrated Disclosure - Adjustable Interest Rate Table: Final Closing Disclosure provided on [redacted] did not disclose the Maximum Interest Rate. (Final/[redacted]) Disclosure reflects product as Adjustable Rate; Loan Terms sections reflects Interest Rate "Cannot Change"; AIR table not provided. Reviewer Comment (2018-06-01): Seller provided the LOX and corrected PCCD.
 03/27/2018 2 B PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B C B A A Non QM Non QM Yes
215129160 [redacted] [redacted] 21417043 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure AIR Table Minimum Interest Rate TILA-RESPA Integrated Disclosure - Adjustable Interest Rate Table: Final Closing Disclosure provided on [redacted] did not disclose the Minimum Interest Rate. (Final/[redacted]) Disclosure reflects product as Adjustable Rate; Loan Terms sections reflects Interest Rate "Cannot Change"; AIR table not provided. Reviewer Comment (2018-06-01): Seller provided the LOX and corrected PCCD.
 03/27/2018 2 B PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B C B A A Non QM Non QM Yes
215129160 [redacted] [redacted] 21417045 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure AIR Table Subsequent Change Frequency TILA-RESPA Integrated Disclosure - Adjustable Interest Rate Table: Final Closing Disclosure provided on [redacted] did not disclose the Subsequent Changes frequency. (Final/[redacted]) Disclosure reflects product as Adjustable Rate; Loan Terms sections reflects Interest Rate "Cannot Change"; AIR table not provided. Reviewer Comment (2018-06-01): Seller provided the LOX and corrected PCCD.
 03/27/2018 2 B PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B C B A A Non QM Non QM Yes
215129160 [redacted] [redacted] 21417048 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure AIR Table Subsequent Change Limit TILA-RESPA Integrated Disclosure - Adjustable Interest Rate Table: Final Closing Disclosure provided on [redacted] did not disclose the Subsequent Changes Limit. (Final/[redacted]) Disclosure reflects product as Adjustable Rate; Loan Terms sections reflects Interest Rate "Cannot Change"; AIR table not provided. Reviewer Comment (2018-06-01): Seller provided the LOX and corrected PCCD.
 03/27/2018 2 B PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B C B A A Non QM Non QM Yes
215129160 [redacted] [redacted] 21417050 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan. (ProjSeq:1/388467) Projected Payments section; disclosure reflects Estimated Escrow as "0"; should reflect $[redacted]; escrows were collected. Reviewer Comment (2018-06-01): Seller provided refund, LOX, corrected PCCD and shipping label.


Reviewer Comment (2018-06-01): Seller provided the LOX and corrected PCCD. Missing proof of delivery. Exception remains.
 03/28/2018 2 B PA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable D B C B C B A A Non QM Non QM Yes
215129160 [redacted] [redacted] 21417053 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. (ProjSeq:1/388467) Projected Payments section; disclosure reflects Estimated Escrow as "0"; should reflect $[redacted]; escrows were collected. Reviewer Comment (2018-06-01): Seller provided refund, LOX, corrected PCCD and shipping label.


Reviewer Comment (2018-06-01): Seller provided the LOX and corrected PCCD. Missing proof of delivery. Exception remains.
 03/28/2018 2 B PA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable D B C B C B A A Non QM Non QM Yes
215129160 [redacted] [redacted] 21417054 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Interest Rate Change After Closing TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the Interest Rate can change. (Final/[redacted]) Disclosure reflects product as Adjustable Rate; Loan Terms sections reflects Interest Rate "Cannot Change". Reviewer Comment (2018-06-01): Seller provided the LOX and corrected PCCD.
 03/27/2018 2 B PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B C B A A Non QM Non QM Yes
215129160 [redacted] [redacted] 21417056 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Principal and Interest Change After Closing TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the Principal and Interest Payment can change. (Final/[redacted]) Disclosure reflects product as Adjustable Rate; Loan Terms sections reflects Interest Rate "Cannot Change". Reviewer Comment (2018-06-01): Seller provided the LOX and corrected PCCD.
 03/27/2018 2 B PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B C B A A Non QM Non QM Yes
215129160 [redacted] [redacted] 21417057 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Projected Principal And Interest Payment Min Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed a periodic principal and interest payment for payment stream 1 that does not match the actual payment for the loan. (ProjSeq:1/388467) Disclosure reflects product as Adjustable Rate; Projected Payments section reflects payment calculation for years 1 - 30 (Fixed); should reflect as Adjustable. Reviewer Comment (2018-06-01): Seller provided refund, LOX, corrected PCCD and shipping label.


Reviewer Comment (2018-06-01): Seller provided the LOX and corrected PCCD. Missing proof of delivery. Exception remains.
 03/28/2018 2 B PA Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable D B C B C B A A Non QM Non QM Yes
215129160 [redacted] [redacted] 21417058 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Have Escrow -  Monthly Escrow Payment TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan. (Final/[redacted]) Projected Payments section; disclosure reflects Estimated Escrow as "0"; should reflect $[redacted]; escrows were collected. Reviewer Comment (2018-06-01): Seller provided the LOX and corrected PCCD.
 03/27/2018 2 B PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B C B A A Non QM Non QM Yes
215129160 [redacted] [redacted] 21417060 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] did not disclose the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[redacted]) Cure for various 0% tolerance violations $[redacted] was not provided. Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception.
 03/21/2018 2 B PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B C B A A Non QM Non QM Yes
215129160 [redacted] [redacted] 21417061 Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. (Final/[redacted]) Seller paid fees on the buyers Closing Disclosure is $0; seller paid fees on the sellers Closing Disclosure is $[redacted].  Seller paid fees not listed on the borrowers Final CD, Notary fee of $[redacted], Tax Stamps of $[redacted], Taxes of $[redacted], Conveyance fee of $[redacted], Duplicate Tax Bill of $[redacted], Invoice of $[redacted], Proceeds of $[redacted], Realtor Commissions of $[redacted] and Wire fee of $[redacted]. Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception.
 03/21/2018 1 A PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B C B A A Non QM Non QM Yes
215129160 [redacted] [redacted] 21417062 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted]0.  Insufficient or no cure was provided to the borrower. (7506) Appraisal fee disclosed as $[redacted] on the LE dated [redacted]; but disclosed as $[redacted] on the Final Closing Disclosure. Reviewer Comment (2018-06-01): Seller provided refund, LOX, corrected PCCD and shipping label.


Reviewer Comment (2018-06-01): Seller provided the LOX and corrected PCCD. Missing proof of delivery and copy of refund. Exception remains.


Reviewer Comment (2018-06-01): Seller provided a COC for [redacted] CD reflecting a change in settlement fee no valid change provided to associate with the fee increase(loan program, loan amount etc.) Exception remains
 03/28/2018 2 B PA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B C B C B A A Non QM Non QM Yes
215129160 [redacted] [redacted] 21417063 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Notary Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7730) Title - Notary fee disclosed as $0 on the LE dated [redacted]; but disclosed as $[redacted] on the Final Closing Disclosure. Reviewer Comment (2018-06-01): After further review of the fee entry the exception has been cleared.
 03/21/2018 1 A PA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B C B C B A A Non QM Non QM Yes
215129160 [redacted] [redacted] 21417067 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided Per approval Borrower Attestation was to be executed at closing; copy not provided in file. Reviewer Comment (2018-06-01): Seller provided the ATR attestation completed and signed and dated on[redacted].


Reviewer Comment (2018-06-01): No document provided. Exception remains open.
 04/13/2018 1 A PA Primary Purchase D B C B C B A A Non QM Non QM No
215129160 [redacted] [redacted] 21417068 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Fee Acronyms or Abbreviations TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on [redacted] used abbreviated fees or fees listed as an acronym that are not reasonably understood by the consumer. (Final/[redacted]) Disclosure reflects a CDA fee; should reflect Collateral Desktop Analysis. Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception.
 03/21/2018 2 B PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B C B A A Non QM Non QM Yes
215129160 [redacted] [redacted] 21417070 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[redacted]) Note is assumable and final CD states not assumable. Reviewer Comment (2018-06-01): Seller provided the LOX and corrected PCCD.
 03/27/2018 2 B PA Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B C B C B A A Non QM Non QM Yes
215129166 [redacted] [redacted] 21417090 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003 Reviewer Comment (2018-06-01): Seller provided the final 1003 signed and dated by the borrower on[redacted].
 04/06/2018 1 A NY Primary Purchase C B C A C B A A Non QM Non QM No
215129166 [redacted] [redacted] 21417091 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted]% or Final Disclosure APR of[redacted]% is in excess of allowable threshold of APOR[redacted]% +[redacted]%, or[redacted]%.  Non-Compliant Higher Priced Mortgage Loan. Reviewer Comment (2018-06-01): Seller provided the initial LE dated[redacted].
 04/06/2018 1 A NY Primary Purchase C B C A C B A A Non QM Non QM No
215129166 [redacted] [redacted] 21417092 Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception.
 04/06/2018 2 B NY Primary Purchase C B C A C B A A Non QM Non QM No
215129166 [redacted] [redacted] 21417093 Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) New York Subprime Loan: Counseling Disclosure not provided to borrower. Reviewer Comment (2018-06-01): Seller provided the NY subprime counseling disclosure dated[redacted].
 04/06/2018 1 A NY Primary Purchase No obvious cure C B C A C B A A Non QM Non QM No
215129166 [redacted] [redacted] 21417094 Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) New York Subprime Loan:  Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law. Reviewer Comment (2018-06-01): Seller provided the mortgage dated [redacted] containing the subprime legend.
 04/06/2018 1 A NY Primary Purchase Provide the following:  Letter of Explanation,  corrected Mortgage (with required Legend), and proof of mailing.  Best Practice would be to have signed and re-recorded Mortgage. (This will overwrite the existing Exception Remediation which reads: Provide the following: Corrected Mortgage (with required Legend), Letter of Explanation, and Proof of Delivery.  Best Practice would be to have signed and re-recorded Mortgage.). C B C A C B A A Non QM Non QM Yes
215129166 [redacted] [redacted] 21417095 Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of[redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate[redacted]% +[redacted]%, or[redacted]%.  Non-Compliant SubPrime Loan. Reviewer Comment (2018-06-01): Seller provided the NY subprime counseling disclosure dated[redacted].
 04/06/2018 1 A NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C A C B A A Non QM Non QM Yes
215129166 [redacted] [redacted] 21417096 Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) New York Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan. Reviewer Comment (2018-06-01): Seller provided the initial LE dated[redacted] with insurance and tax disclosed.
 04/06/2018 1 A NY Primary Purchase No obvious cure C B C A C B A A Non QM Non QM No
215129166 [redacted] [redacted] 21417097 Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - ECOA Status ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. LE, with appraisal disclosure, is missing from file. Reviewer Comment (2018-06-01): Seller provided the initial LE dated[redacted].
 04/06/2018 1 A NY Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM Yes
215129166 [redacted] [redacted] 21417098 Compliance Compliance Federal Compliance TRID TRID Appraisal Disclosure - HPML Status HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. LE, with appraisal disclosure, is missing from file. Reviewer Comment (2018-06-01): Seller provided the initial LE dated[redacted].
 04/06/2018 1 A NY Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM No
215129166 [redacted] [redacted] 21417099 Compliance Compliance Federal Compliance TRID TRID Servicing Disclosure Status File does not evidence the consumer was provided with the Servicing Disclosure. LE, with servicing disclosure, is missing from file. Reviewer Comment (2018-06-01): Seller provided the initial LE dated[redacted].
 04/06/2018 1 A NY Primary Purchase Good faith redisclosure C B C A C B A A Non QM Non QM Yes
215129166 [redacted] [redacted] 21417100 Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Evidence borrower received Home Loan Toolkit is missing from file. Reviewer Comment (2018-06-01): Seller provided home loan toolkit received [redacted].
 04/06/2018 1 A NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
215129166 [redacted] [redacted] 21417101 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/[redacted]) The CD was issued on [redacted], the same day as signing, so the borrower did not receive it 3 days prior to closing. Reviewer Comment (2018-06-01): Seller provided the initial CD dated[redacted].
 04/06/2018 1 A NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
215129166 [redacted] [redacted] 21417102 Compliance Compliance Federal Compliance TRID Defect TILA-RESPA Integrated Disclosure: application date on or after 10/3/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[redacted] may be required. Loan Estimate is missing from file. Reviewer Comment (2018-06-01): Seller provided the initial LE dated[redacted].
 04/06/2018 1 A NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
215129166 [redacted] [redacted] 21417103 Compliance Compliance Federal Compliance TILA ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. Reviewer Comment (2018-06-01): Seller provided proof ARM disclosure e-received [redacted].
 04/06/2018 1 A NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
215129166 [redacted] [redacted] 21417104 Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Timing TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower within three (3) days of application. Reviewer Comment (2018-06-01): Seller provided proof CHARM disclosure e-received [redacted].
 04/06/2018 1 A NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
215129166 [redacted] [redacted] 21417105 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations not provided to applicant within three (3) business days of application. The Homeownership acknowledgment provided is dated [redacted].  The application date is [redacted]. Reviewer Comment (2018-06-01): Seller provided the homeownership counseling disclosure dated[redacted].
 04/06/2018 1 A NY Primary Purchase C B C A C B A A Non QM Non QM No
215129166 [redacted] [redacted] 21417106 Compliance Compliance Federal Compliance TRID TRID Esign Consent Agreement Status ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures. Missing the e-consent. Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception.
 04/06/2018 2 B NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
215129166 [redacted] [redacted] 21417107 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted]% or Final Disclosure APR of[redacted]% is in excess of allowable threshold of APOR[redacted]% +[redacted]%, or[redacted]%.  Compliant Higher Priced Mortgage Loan. Reviewer Comment (2018-06-01): [redacted] mortgage purchases HPML compliant loans.
 04/06/2018 1 A NY Primary Purchase C B C A C B A A Non QM Non QM No
215129166 [redacted] [redacted] 21417108 Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of[redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate[redacted]% +[redacted]%, or[redacted]%.  Compliant SubPrime Loan. Reviewer Comment (2018-06-01): [redacted] mortgage purchases compliant loans.
 04/06/2018 2 B NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C A C B A A Non QM Non QM Yes
215129166 [redacted] [redacted] 21417109 Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application. State counseling disclosure provided [redacted]> application date [redacted]. Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception.
 04/06/2018 2 B NY Primary Purchase No obvious cure C B C A C B A A Non QM Non QM No
215129180 [redacted] [redacted] 21417216 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Lender used total monthly debt of $[redacted] to qualify. It appears the Lender did not use 75% vacancy factor for 2 additional investment properties. Per documentation in file, total monthly debt is $[redacted]. Reviewer Comment (2018-06-01): Seller provided a corrected/updated 1008/1003 with revisions utilizing the correct PITIA and rental income for both investment properties.


Reviewer Comment (2018-06-01): Per 1003 provided this has been updated however lender also reflects [redacted] mortgage payment for [redacted] and VOM in file states [redacted] PITIA, lease in file for [redacted] a month not utilized by lender. Please provide evidence of [redacted] mortgage payment or update DTI. Exception remains.


Reviewer Comment (2018-06-01): Exception remains - using [redacted] in rent at[redacted]% rental factor difference is PITIA we are using $[redacted] per statement and per 1003 lender is only utilizing [redacted].
 04/23/2018 1 A NY Primary Purchase C B C A C B A A Non QM Non QM No
215129180 [redacted] [redacted] 21417217 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: Borrower: [redacted] ___ Please provide [redacted] Statement calculator supporting total monthly income used to qualify. Reviewer Comment (2018-06-01): Seller provided the income bank statement calculator.


Reviewer Comment (2018-06-01): No document provided. Exception remains.
 04/23/2018 1 A NY Primary Purchase C B C A C B A A Non QM Non QM No
215129180 [redacted] [redacted] 21417218 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted]% or Final Disclosure APR of[redacted]% is in excess of allowable threshold of APOR[redacted]% +[redacted]%, or[redacted]%.  Compliant Higher Priced Mortgage Loan. Reviewer Comment (2018-06-01): [redacted] mortgage purchases HPML compliant loans.
 04/18/2018 1 A NY Primary Purchase C B C A C B A A Non QM Non QM No
215129180 [redacted] [redacted] 21417219 Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) New York Subprime Loan: Counseling Disclosure not provided to borrower. Missing evidence of the borrower's receipt of the New York Subprime Counseling Disclosure. Reviewer Comment (2018-06-01): Seller provided the NY Subprime counseling disclosure dated[redacted] signed by the borrower.
 04/23/2018 1 A NY Primary Purchase No obvious cure C B C A C B A A Non QM Non QM No
215129180 [redacted] [redacted] 21417220 Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant New York Subprime Loan: APR on subject loan of[redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate[redacted]% +[redacted]%, or[redacted]%.  Non-Compliant SubPrime Loan. Reviewer Comment (2018-06-01): Seller provided the NY Subprime counseling disclosure dated[redacted] signed by the borrower.
 04/23/2018 1 A NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C A C B A A Non QM Non QM Yes
215129180 [redacted] [redacted] 21417221 Compliance Compliance Federal Compliance TILA ARM Disclosure Timing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. Evidence of earlier borrower receipt was not found in file. Reviewer Comment (2018-06-01): Seller provided the ARM disclosure dated[redacted].
 04/23/2018 1 A NY Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
215129180 [redacted] [redacted] 21417222 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Fail due to Lender used total monthly debt of $[redacted] to qualify. It appears the Lender did not use 75% vacancy factor for 2 additional investment properties. Per documentation in file, total monthly debt is $[redacted]. Reviewer Comment (2018-06-01): Seller provided a corrected/updated 1008/1003 with revisions utilizing the correct PITIA and rental income for both investment properties.


Reviewer Comment (2018-06-01): Per 1003 provided this has been updated however lender also reflects [redacted] mortgage payment for [redacted] and VOM in file states [redacted] PITIA, lease in file for [redacted] a month not utilized by lender. Please provide evidence of [redacted] mortgage payment or update DTI. Exception remains.


Reviewer Comment (2018-06-01): Exception remains - using [redacted] in rent at[redacted]% rental factor difference is PITIA we are using $[redacted] per statement and per 1003 lender is only utilizing [redacted].
 04/23/2018 1 A NY Primary Purchase Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM Yes
215129180 [redacted] [redacted] 21417223 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Investor Guidelines Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. Fail due to Lender used total monthly debt of $[redacted] to qualify. It appears the Lender did not use 75% vacancy factor for 2 additional investment properties. Per documentation in file, total monthly debt is $[redacted]. Reviewer Comment (2018-06-01): Seller provided a corrected/updated 1008/1003 with revisions utilizing the correct PITIA and rental income for both investment properties.


Reviewer Comment (2018-06-01): Per 1003 provided this has been updated however lender also reflects [redacted] mortgage payment for [redacted] and VOM in file states [redacted] PITIA, lease in file for [redacted] a month not utilized by lender. Please provide evidence of [redacted] mortgage payment or update DTI. Exception remains.


Reviewer Comment (2018-06-01): Exception remains - using [redacted] in rent at[redacted]% rental factor difference is PITIA we are using $[redacted] per statement and per 1003 lender is only utilizing [redacted].
 04/23/2018 1 A NY Primary Purchase C B C A C B A A Non QM Non QM No
215129180 [redacted] [redacted] 21417224 Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application. Disclosure dated [redacted] > origination date [redacted] Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception.
 04/23/2018 2 B NY Primary Purchase No obvious cure C B C A C B A A Non QM Non QM No
215129180 [redacted] [redacted] 21417225 Compliance Compliance State Compliance State HPML New York Subprime Home Loan Threshold Greater than 3 Year ARM Compliant New York Subprime Loan: APR on subject loan of[redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate[redacted]% +[redacted]%, or[redacted]%.  Compliant SubPrime Loan. Reviewer Comment (2018-06-01): [redacted] has elected to waive this exception.
 04/23/2018 2 B NY Primary Purchase While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status.  Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender.  There is no time limit for which such restitution must be made. C B C A C B A A Non QM Non QM Yes
215129183 [redacted] [redacted] 21417259 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. (Final/[redacted]) Final CD reflects estimated property costs over year 1 of $[redacted].  Calculated amount is $[redacted] ($[redacted]mo).  Variance is due to property taxes.  Subject is new construction and property taxes on title report appear to be raw land.  Used[redacted]% of purchase price for review purposes. Reviewer Comment (2019-08-09): Letter of Explanation & Corrected Closing Disclosure provided


Buyer Comment (2019-08-09): pccd including hoa cost of $[redacted] per month (per appraisal), [redacted]% tax, $[redacted] eoi
 07/17/2019 2 B NV Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
215129183 [redacted] [redacted] 21417260 Credit Guideline Guideline Issue Guideline Guideline Requirement: Documented income duration  did not support the minimum guideline required duration. Per CPA letter in file borrower has[redacted]% ownership in [redacted] which was incorporated on [redacted].  There are also references to attachments in CPA letter that are not in loan file.  Need proof borrower has been self-employed for minimum of 2 years, per guideline requirements. [redacted] months reserves > 12 months guideline minimum

[redacted]% DTI on this Bank Statement documentation loan < 50.00% guideline max - [redacted]% below program guideline maximum

Borrower has residual income of $[redacted]		 Originator

Originator

Originator		 Reviewer Comment (2019-08-09): Client approved exception to waive the 2-year history of self-employment.


Buyer Comment (2019-08-09): cpa letter mentions he has been  working with [redacted] since [redacted] and that it was aquired on  and incorporated as [redacted]since as of [redacted]


Reviewer Comment (2019-08-09): Disregarded, thanks


Buyer Comment (2019-08-09): please disregard previous comment and upload, was for a different file


Buyer Comment (2019-08-09): cpa letter states [redacted] has been sole owner of [redacted] since its inception.
 07/22/2019 2 B NV Primary Purchase C B C B C B A A Non QM Non QM No
215129183 [redacted] [redacted] 21417261 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[redacted]) Loan is assumable when the initial fixed interest rate changes to an adjustable interest rate however CD indicates that loan is not assumable. Reviewer Comment (2019-08-09): Okay to waive per client.
 04/26/2019 2 B NV Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
215129183 [redacted] [redacted] 21417262 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Amount Financed TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed that was not within tolerance of the actual amount financed for the loan. (Final/[redacted]) ,Amount on CD $[redacted] vs calculated amount $[redacted] Reviewer Comment (2019-08-09): Cleared with compliance re-run.
 05/14/2019 1 A NV Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
215129183 [redacted] [redacted] 21417263 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. ([redacted]) Per CD calculated interest is [redacted]% vs. calculated amount of [redacted]%. Reviewer Comment (2019-08-09): Cleared with compliance re-run.
 05/14/2019 1 A NV Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
215129183 [redacted] [redacted] 21417264 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (Final/[redacted]) Total payments on CD is $[redacted] vs. calculated amount of $[redacted]. Reviewer Comment (2019-08-09): Okay to waive per client.
 04/26/2019 2 B NV Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM Yes
215129183 [redacted] [redacted] 21417265 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed a Total of Payments that does not match the actual total of payments for the loan. (Final/[redacted]) Total payments on CD $[redacted] vs. calculated amount of $[redacted]. Reviewer Comment (2019-08-09): Cleared with compliance re-run.
 05/14/2019 1 A NV Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM Yes
215129190 [redacted] [redacted] 21417295 Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Buyer Comment (2019-08-28): [redacted] has elected to waive this exception.
 08/28/2019 2 B FL Second Home Refinance - Cash-out - Other C B B B C B A A Non QM Non QM No
215129190 [redacted] [redacted] 21417296 Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Lender acknowledged exception to allow LTV > program [redacted]% DTI on this Alt  documentation loan < 50% guideline max - [redacted]% below program guideline maximum

Borrower 1 has two credit scores ([redacted] and [redacted]) being a Foreign National.  No mortgage late payments in the past 19 months (since [redacted]) and no public records.

Borrowers have been [redacted] for the past 15 years

Reserves are [redacted] months , [redacted] months > program requirement of 13 months (12 months + 1 additional month for additional investment property owned)		 Owner,Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-08-27): Client has elected to waive this exception based on compensating factors.
 08/27/2019 2 B FL Second Home Refinance - Cash-out - Other C B B B C B A A Non QM Non QM No
215129190 [redacted] [redacted] 21417297 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Combined loan to value discrepancy. Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. Lender acknowledged exception to allow LTV > program [redacted]% DTI on this Alt  documentation loan < 50% guideline max - [redacted]% below program guideline maximum

Borrower 1 has two credit scores ([redacted] and [redacted]) being a Foreign National.  No mortgage late payments in the past 19 months (since [redacted]) and no public records.

Borrowers have been [redacted] for the past 15 years

Reserves are [redacted] months , [redacted] months > program requirement of 13 months (12 months + 1 additional month for additional investment property owned)		 Owner,Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-08-27): Client has elected to waive this exception based on compensating factors.
 08/27/2019 2 B FL Second Home Refinance - Cash-out - Other C B B B C B A A Non QM Non QM No
215129190 [redacted] [redacted] 21417298 Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Lender approved exception for loan amount of $[redacted] exceeds guideline limit of $[redacted] [redacted]% DTI on this Alt  documentation loan < 50% guideline max - [redacted]% below program guideline maximum

Borrower 1 has two credit scores ([redacted] and [redacted]) being a Foreign National.  No mortgage late payments in the past 19 months (since [redacted]) and no public records.

Borrowers have been [redacted] for the past 15 years

Reserves are [redacted] months , [redacted] months > program requirement of 13 months (12 months + 1 additional month for additional investment property owned)		 Owner,Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-08-27): Client has elected to waive this exception based on compensating factors.
 08/27/2019 2 B FL Second Home Refinance - Cash-out - Other C B B B C B A A Non QM Non QM No
215129190 [redacted] [redacted] 21417299 Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Borrower is foreign national CPA letter provided on letterhead translated into English with YTD and prior years income provided - missing CPA license. Reviewer Comment (2019-09-05): Non-QM Loan


Buyer Comment (2019-09-04): CPA license uploaded.


Reviewer Comment (2019-08-29): Document provided [redacted] is an identity card and makes no reference to the CPA license. Documents was not translated from [redacted] to English.


Buyer Comment (2019-08-28): CPA license uploaded
 09/05/2019 1 A FL Second Home Refinance - Cash-out - Other Lender to provide updated ATR/QM status C B B B C B A A Non QM Non QM Yes
215129190 [redacted] [redacted] 21417300 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - S-Corp Ability to Repay (Dodd-Frank 2014): Unable to verify S-Corp income using reasonably reliable third-party records. Borrower is foreign national CPA letter provided on letterhead translated into English with YTD and prior years income provided - missing CPA license. Reviewer Comment (2019-09-05): CPA Letter provided meets the guideline requirements for Foreign Nationals


Buyer Comment (2019-09-04): CPA license uploaded.


Reviewer Comment (2019-08-29): Document provided [redacted] is an identity card and makes no reference to the CPA license. Documents was not translated from [redacted] to English.


Buyer Comment (2019-08-28): CPA license uploaded
 09/05/2019 1 A FL Second Home Refinance - Cash-out - Other C B B B C B A A Non QM Non QM No
215129190 [redacted] [redacted] 21417301 Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - S-Corp Ability to Repay (Dodd-Frank 2014): Unable to verify S-Corp income using reasonably reliable third-party records. Borrower is foreign national CPA letter provided on letterhead translated into English with YTD and prior years income provided - missing CPA license. Reviewer Comment (2019-09-05): CPA Letter provided meets the guideline requirements for Foreign Nationals


Buyer Comment (2019-09-04): CPA license uploaded.


Reviewer Comment (2019-08-29): Document provided [redacted] is an identity card and makes no reference to the CPA license. Documents was not translated from [redacted] to English.


Buyer Comment (2019-08-28): CPA license uploaded
 09/05/2019 1 A FL Second Home Refinance - Cash-out - Other C B B B C B A A Non QM Non QM No
215129190 [redacted] [redacted] 21417303 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Electronic Document Storage.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. No COC or cure provided 08/27/2019 1 A FL Second Home Refinance - Cash-out - Other Final CD evidences Cure C B B B C B A A Non QM Non QM Yes
215129191 [redacted] [redacted] 21417312 Compliance Compliance State Compliance State Defect Illinois SB 1894 IL Predatory Lending Database Program (SB 1894) - Certificate of Compliance or Exemption not attached to mortgage for recording. Reviewer Comment (2019-07-19): Received the IL Predatory Lending Database Program (SB 1894) - Certificate of Compliance.
 06/26/2019 1 A IL Second Home Refinance - Rate/Term C B A A C B A A Non QM Non QM No
215129191 [redacted] [redacted] 21417313 Compliance Compliance Federal Compliance TRID TRID - Good Faith Fee Tolerance TILA-RESPA Integrated Disclosure:  Good Faith Tolerance exceeded for Property Taxes.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. (8807) The Final CD issued[redacted] disclosed the addition of Property Taxes collected under Prepaids in the amount of $[redacted], which exceeded the tolerance. There was no evidence the Lender provided a cure for the $[redacted] excess paid. Reviewer Comment (2019-07-19): AMC reviewed exception. Exception Cleared.


Buyer Comment (2019-07-19): There is not a good faith tolerance % or amount for property taxes as long as the actual and most accurate amounts are collected at closing.
 06/20/2019 1 A IL Second Home Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
215129191 [redacted] [redacted] 21417314 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[redacted]) The Final CD issued[redacted] disclosed the addition of Property Taxes collected under Prepaids in the amount of $[redacted], which exceeded the tolerance. The Total Closing Costs exceeded the legal limits did not reflect the $[redacted] excess paid. Reviewer Comment (2019-07-19): Okay to waive per client.
 04/26/2019 2 B IL Second Home Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
215129191 [redacted] [redacted] 21417315 Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - Anti-Steering:  No Safe Harbor based on non-compliant Anti-Steering Disclosure Loan Originator Compensation: Anti-Steering - No Safe Harbor based on non-compliant Anti-Steering Disclosure. The disclosure did not provide consumer various alternative loan products. Reviewer Comment (2019-07-19): Okay to waive per client.
 04/26/2019 2 A IL Second Home Refinance - Rate/Term C B A A C B A A Non QM Non QM No
215129191 [redacted] [redacted] 21417316 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption. (Final/[redacted]) The Note reflects the loan as assumable, while the Final CD dated[redacted] indicated the loan was not. Reviewer Comment (2019-07-19): Okay to waive per client.
 04/26/2019 2 B IL Second Home Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
215129191 [redacted] [redacted] 21417317 Compliance Compliance Miscellaneous Compliance Missing, Incorrect, or Incomplete GFE (Doc Error) GFE Error: Rate lock period not provided. Rate lock documentation missing. Reviewer Comment (2019-07-19): Okay to waive per client.
 04/26/2019 2 B IL Second Home Refinance - Rate/Term C B A A C B A A Non QM Non QM No
215129225 [redacted] [redacted] 21417431 Credit Asset Asset Documentation Asset Insufficient funds for Reserves. Guidelines require ___, and verified reserves are ___. Cash to close $[redacted]+EMS$[redacted]=$[redacted], Lender acknowledged. Borrower has reserves, could not use due to un-sourced large deposits.

DSC ratio of [redacted]% > 100% exceeds by [redacted]%

[redacted] FICO > 680 minimum by [redacted] points		 Reviewer Comment (2018-06-01): [redacted] has elected to waive this requirement with compensating factors.


Reviewer Comment (2018-06-01): UW waived per guides on page 78 however does not meet guide parameter as subject mortgage is < 24 months old. Exception remains open.
 10/17/2017 2 B NY Investment Purchase C B C B     A A No
215129225 [redacted] [redacted] 21417432 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Closing Protection Letter not provided Reviewer Comment (2018-06-01): Seller provided thre EO policy (NY)
 10/11/2017 1 A NY Investment Purchase C B C B     A A No
215129231 [redacted] [redacted] 21417446 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Closing Protection Letter not provided Reviewer Comment (2018-06-01): Seller provided the CPL dated [redacted].
 01/29/2018 1 A NJ Investment Purchase C A C A     A A No
215129334 [redacted] [redacted] 21417592 Credit Credit Miscellaneous Guideline Credit Exception: Lender approved exception. Source of funds for closing and reserves are coming from 1031 exchange in spouse's name, however, spouse is not on the subject loan but will be on title. No public records

Borrower has 1 closed and 1 open mortgage reporting 0x30 since inception ([Redacted])

Reserves of 103 months > program requirement of 3 months

FICO of [redacted] > program requirement of 680

DSC of [redacted]% > program requirement of 100%		 Reviewer Comment (2018-10-29): [redacted] has elected to waive this requirement based on compensating factors.
 07/11/2018 2 B NC Investment Purchase C B C B     A A No
215129334 [redacted] [redacted] 21417593 Credit Credit Miscellaneous Guideline Credit Exception: Lender approved exception. Rent survey indicates property will be a seasonal short term rental vs program requirement that subject property may not be rented on a short-term basis No public records

Borrower has 1 closed and 1 open mortgage reporting 0x30 since inception ([Redacted])

Reserves of 103 months > program requirement of 3 months

FICO of [redacted] > program requirement of 680

DSC of [redacted]% > program requirement of 100%		 Reviewer Comment (2018-10-29): [redacted] has elected to waive this requirement based on compensating factors.
 07/11/2018 2 B NC Investment Purchase C B C B     A A No
215129334 [redacted] [redacted] 21417594 Credit Credit Miscellaneous Guideline Credit Exception: Lender approved exception for LTV of [redacted]% vs program maximum of 80% No public records

Borrower has 1 closed and 1 open mortgage reporting 0x30 since inception ([Redacted])

Reserves of 103 months > program requirement of 3 months

FICO of [redacted] > program requirement of 680

DSC of [redacted]% > program requirement of 100%		 Reviewer Comment (2018-10-29): [redacted] has elected to waive this requirement based on compensating factors.
 07/11/2018 2 B NC Investment Purchase C B C B     A A No
215129343 [redacted] [redacted] 21417620 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided Deeds are unsigned transferring property from business to individual Reviewer Comment (2020-04-17): Received in trailing documents.


Buyer Comment (2020-04-15): Please see attached.
 04/17/2020 1 A IL Investment Refinance - Cash-out - Other D B D B     A A No
215129343 [redacted] [redacted] 21417622 Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Closing Protection Letter not provided Reviewer Comment (2020-04-17): Received in trailing documents.


Buyer Comment (2020-04-15): Please see attached.
 04/17/2020 1 A IL Investment Refinance - Cash-out - Other D B D B     A A No
215129343 [redacted] [redacted] 21417626 Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Guideline variance approved by lender at time of origination FICO of [redacted] Originator Reviewer Comment (2020-02-26): Client elects to waive, .Exception waiver approval provided.  Compensating factor: FICO of [redacted]


Buyer Comment (2020-02-25): LTV Variance approved by Credit/UW - Rational/Compensating Factors: exception to[redacted]% ltv for fico [redacted] approved on one time basis for this borrower
--- Please clear this exception. Thank you!
 02/26/2020 2 B IL Investment Refinance - Cash-out - Other D B D B     A A No
215129347 [redacted] [redacted] 21417644 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003 File is missing the signed and dated final loan application as required by [redacted] underwriting guidelines. Reviewer Comment (2019-10-07): Received term sheet


Reviewer Comment (2019-10-02): As of [redacted], still have not received the signed and dated final loan application as required by [redacted] underwriting guidelines.
 10/07/2019 1 A NJ Investment Refinance - Cash-out - Other C C C A     C C No
215129347 [redacted] [redacted] 21417646 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided File is missing the borrower's identification documents as required by [redacted] underwriting guidelines. Reviewer Comment (2019-10-02): Received the borrower's [redacted] driver's license.
 10/02/2019 1 A NJ Investment Refinance - Cash-out - Other C C C A     C C No
215129347 [redacted] [redacted] 21417648 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided File contains a 1-page LexisNexis Screening List Report that reflects List Screening - Full Background however, file is missing the background check pages as required by [redacted] underwriting guidelines. Reviewer Comment (2019-10-02): Per lender attestation: "Kindly note, Lexis Nexis one pager stipulates 'no matches' found."


Seller Comment (2019-09-25): Kindly note, Lexis Nexis one pager stipulates 'no matches' found.
 10/02/2019 1 A NJ Investment Refinance - Cash-out - Other C C C A     C C No
215129347 [redacted] [redacted] 21417649 Property Property - Appraisal Appraisal Data Integrity Property - Appraisal Hybrid Appraisal valuation product only qualifies as an acceptable first (primary) product for second liens. - [redacted] guidelines require a full appraisal of the subject property however, file only contains a Hybrid Appraisal. Unable to determine of the Hybrid Appraisal is acceptable for the property appraisal. Reviewer Comment (2019-10-07): Upon review the property is commercial with a commercial appraisal, exception cleared.
 10/07/2019 1 A NJ Investment Refinance - Cash-out - Other C C C A     C C No
215129347 [redacted] [redacted] 21417650 Property Missing Document Appraisal Documentation Missing Document Loan is to go into a securitization, and full appraisal was not provided. File is missing the secondary valuation required for securitization. Reviewer Comment (2022-04-14): Commercial Property therefore client requests to waive exception and EV3 remains as is.


Reviewer Comment (2022-04-14): Secondary valuation is required.


Reviewer Comment (2019-10-07): Upon review the property is commercial with a commercial appraisal, no secondary valuation available


Reviewer Comment (2019-10-02): Received a Situs review of the hybrid appraisal in the file. This loan was reviewed under the Full Securitization scope. A secondary valuation of the subject property is required by the Rating Agencies for loans that will eventually be securitized and this requirement cannot be waived or altered. Exception remains.
 04/14/2022 3 C NJ Investment Refinance - Cash-out - Other C C C A     C C No
215129353 [redacted] [redacted] 21417680 Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided Reviewer Comment (2020-04-07): Received - cleared
 04/07/2020 1 A CT Investment Purchase D C D B     C C No
215129353 [redacted] [redacted] 21417683 Credit Missing Document General Missing Document Missing Document: HUD/CD not provided Reviewer Comment (2020-04-07): Received - cleared
 04/07/2020 1 A CT Investment Purchase D C D B     C C No
215129353 [redacted] [redacted] 21417684 Credit Loan Package Documentation Application / Processing Insurance Missing Document: Flood Certificate not provided Reviewer Comment (2020-04-07): Received - cleared
 04/07/2020 1 A CT Investment Purchase D C D B     C C No
215129353 [redacted] [redacted] 21417686 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided Reviewer Comment (2020-05-15): Received - cleared


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


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


Reviewer Comment (2020-04-07): Corporate Resolution was not provided.
 05/15/2020 1 A CT Investment Purchase D C D B     C C No
215129353 [redacted] [redacted] 21417690 Credit Insurance Insurance Analysis Insurance Insurance address does not match Note address. Security instrument has property city as [redacted]  and Insurance binder lists the city as [redacted] Reviewer Comment (2020-05-12): Insurance Policy was updated to list the City as [redacted].
 05/12/2020 1 A CT Investment Purchase D C D B     C C No
215129353 [redacted] [redacted] 21417691 Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to go in a securitization and reflects only one valuation product when two are required. Secondary valuation required due to securitization Reviewer Comment (2022-04-14): Commercial property and client acknowledges as is EV3.


Reviewer Comment (2021-10-15): Missing secondary valuation as required per securitization


Reviewer Comment (2020-03-26): Commercial
 04/14/2022 3 C CT Investment Purchase D C D B     C C No
215129353 [redacted] [redacted] 21417692 Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file. Reviewer Comment (2020-04-07): Received
 04/07/2020 1 A CT Investment Purchase D C D B     C C No
215129353 [redacted] [redacted] 21417693 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Unable to confirm sufficient reserves due to missing HUD evidencing funds used to close the subject transaction. Reviewer Comment (2020-04-07): Received HUD - cleared


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

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

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


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

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

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


Seller Comment (2020-04-27): Comp Factors- Guarantor FICO is [redacted] which is [redacted] points higher than the minimum requirement of 620 and DSCR is > [redacted] which exceeds the minimum requirement of 1.21
 04/29/2020 2 B CT Investment Purchase D C D B     C C No
215129353 [redacted] [redacted] 21417697 Credit System General Appraisal Reconciliation Valuation address does not match Note address. - Note reflects Zip Code of [redacted]. Valuation report reflects Zip Code of [redacted]. Reviewer Comment (2020-05-27): Received Appraisal report with Zip Code of [redacted].


Reviewer Comment (2020-05-22): Still need valuation report with corrected zip code.  Exception remains.
 05/27/2020 1 A CT Investment Purchase D C D B     C C No
216127609 [redacted] [redacted] 23236406 Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Missing secondary valuation product required for securitization. Client to order secondary valuation at time of securitization. Reviewer Comment (2018-10-29): Rec'd review appraisal.
 10/21/2018 1 A CA Primary Refinance - Cash-out - Home Improvement C B C B C B C A Non QM Non QM No
216127609 [redacted] [redacted] 23236408 Credit Credit Credit Documentation Credit No evidence of fraud report in file Credit Report: Original // Borrower: [redacted], Credit Report: Original // Borrower: [redacted] Fraud report was not provided. Reviewer Comment (2019-03-01): document provided
 03/01/2019 1 A CA Primary Refinance - Cash-out - Home Improvement C B C B C B C A Non QM Non QM No
216127609 [redacted] [redacted] 23236409 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. DTI exceeds 50%. Transfers, wires and other unacceptable deposits were deducted from account balances used for qualifying income. -----Revisited income, allowed transfers from husband to wife.  Verified income = $[redacted].  Qualifying PITIA = $[redacted].  Other debt = $[redacted]DTI of[redacted]% exceeds guideline total of 50%. [redacted] months reserves > 6 months guideline minimum

Borrower has job stability for 10 years as [redacted]		 Originator

Originator		 Reviewer Comment (2019-03-01): Lender exception provided with compensating factors


Reviewer Comment (2019-01-11): Please provide documentation to source all unusual deposits.


Seller Comment (2019-01-10): the bank statement worksheet with the transfers that were excluded is in the file … wires are acceptable
 03/01/2019 2 B CA Primary Refinance - Cash-out - Home Improvement C B C B C B C A Non QM Non QM No
216127609 [redacted] [redacted] 23236410 Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. LO Compensation Disclosure was not provided. Reviewer Comment (2019-01-15): Attestation on file.


Reviewer Comment (2019-01-11): Please provide documentation to source all unusual deposits.


Seller Comment (2019-01-10): We have provided our broker agreement which shows that all transactions are based on a set compensation and not subject to terms of the transaction
 01/15/2019 1 A CA Primary Refinance - Cash-out - Home Improvement C B C B C B C A Non QM Non QM No
216127609 [redacted] [redacted] 23236413 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption. ([redacted]) Transaction is an ARM loan and CD was marked as not assumable. Reviewer Comment (2019-01-11): Duplicate exception populated. Cleared.


Reviewer Comment (2019-01-11): This is still a valid exception.


Seller Comment (2019-01-10): This was a system glitch and has now been fixed - please waive
 01/11/2019 1 A CA Primary Refinance - Cash-out - Home Improvement Letter of Explanation & Corrected Closing Disclosure C B C B C B C A Non QM Non QM No
216127609 [redacted] [redacted] 23236414 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [redacted] disclosed a Closing Date that did not match the actual date of consummation. ([redacted]) Document date was [redacted] with signing date being [redacted] Reviewer Comment (2019-01-11): Duplicate exception populated. Cleared.


Reviewer Comment (2019-01-11): Regulation Z defines consummation as: "the time that a consumer becomes contractually obligated on a credit transaction. See [redacted] . The Commentary to Regulation Z states further that the point at which a "contractual obligation … is created" is a matter of state law. [redacted]
In California, consummation occurs when the borrower signs the loan documents.


Seller Comment (2019-01-10): California closing documents are not date sensitive therefore it's ok if the borrower doesn't sign the date they're generated. - please waive
 01/11/2019 1 A CA Primary Refinance - Cash-out - Home Improvement Letter of Explanation & Corrected Closing Disclosure C B C B C B C A Non QM Non QM No
216127609 [redacted] [redacted] 23236415 Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: Borrower: [redacted] ___ Verification of ownership percentage was not provided for either borrowers. Housing history 0 X 30 for 18 months

[redacted] months reserves > 6 months guideline minimum

Borrower has job stability for 10 years as [redacted]		 Originator

Originator

Originator		 Reviewer Comment (2019-05-03): Lender approved exception for self-employed borrowers without verification of percentage of ownership.


Reviewer Comment (2019-04-23): Received a duplicate to the tax preparer letter in the file which does not verify the borrowers ownership percentage. Borrowers were qualified with business bank statements. [redacted] bank statement guidelines require the borrowers to be 100% owners of the business when business statements are being used to qualify. Verification of the borrowers ownership percentage for each business is required to clear this exception. Or a client approved exception with compensating factors to allow business bank statement income without verification of ownership percentage is required to waive this exception.


Reviewer Comment (2019-04-23): Received a letter from [redacted] that states a tax preparer letter was attached to verify the borrowers ownership percentage however, the tax preparer letter was not uploaded. This letter or other 3rd party verification is required to clear this exception.
 05/03/2019 2 B CA Primary Refinance - Cash-out - Home Improvement C B C B C B C A Non QM Non QM No
216127609 [redacted] [redacted] 23236416 Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Minimum credit score requirement was not met. Minimum credit score on a cash out at [redacted]% LTV is [redacted]. Borrowers qualifying credit score was [redacted]. [redacted] months reserves > 6 months guideline minimum

Borrower has job stability for 10 years as [redacted]		 Originator

Originator		 Reviewer Comment (2019-03-01): Exception provided with compensating factors, reserves, job history.
 03/01/2019 2 B CA Primary Refinance - Cash-out - Home Improvement C B C B C B C A Non QM Non QM No
216127609 [redacted] [redacted] 23236417 Compliance Compliance Federal Compliance TRID TRID Loan Estimate Esign Consent Agreement Timing ESIGN Act - Loan Estimate provided on [redacted] was electronically provided prior to borrower's consent to receive electronic disclosures. ([redacted]) E-Consent completed [redacted], LE provided electronically [redacted] Reviewer Comment (2019-01-11): E Consent is dated [redacted]. Exception Cleared.


Seller Comment (2019-01-10): the borrower consents before doc magic will open the initial disclosures - please waive
 01/11/2019 1 A CA Primary Refinance - Cash-out - Home Improvement No Defined Cure C B C B C B C A Non QM Non QM No
216127609 [redacted] [redacted] 23236418 Compliance Compliance Miscellaneous Compliance Compliance Other Compliance Exception (Manual Add) Several NSFs within the past 12 months and no explanation was provided. Reviewer Comment (2019-04-23): Received borrower NSF explanation letter.


Reviewer Comment (2019-03-01): Please provide explanation from borrower regarding the 24 NSF's reported on bank statements over the last 2 years


Seller Comment (2019-02-27): NSF checks and overdraft protection transfers in the most recent 12-month period are
allowed if they are not excessive and do not result in large negatives in the account.
Often businesses use a line of credit to offset account receivable timing or other
explanations may be accepted with an explanation from the borrower.
 04/23/2019 1 A CA Primary Refinance - Cash-out - Home Improvement C B C B C B C A Non QM Non QM No
216127609 [redacted] [redacted] 23236419 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption. ([redacted]) Please provide corrected CD and LOE. Reviewer Comment (2019-01-23): Waive per client.


Reviewer Comment (2019-01-18): [redacted] received lender correspondence. Please provide a corrected CD and LOE to cure. A client may only waive an exception.


Seller Comment (2019-01-17): This was a system glitch and has now been fixed … please waive
 01/23/2019 2 B CA Primary Refinance - Cash-out - Home Improvement Letter of Explanation & Corrected Closing Disclosure C B C B C B C A Non QM Non QM No
216127609 [redacted] [redacted] 23236420 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [redacted] disclosed a Closing Date that did not match the actual date of consummation. ([redacted]) Please provide corrected CD and LOE. Reviewer Comment (2019-01-23): Waive per client.


Reviewer Comment (2019-01-18): [redacted] performs its file review in accordance with the [redacted] Compliance Review Scope. Under the [redacted]  Review Scope If the CD issued at docs becomes inaccurate, a corrected CD needs to be issued reflecting the actual terms of the transaction. Please provide corrected CD and LOE to cure.


Seller Comment (2019-01-17): California closing documents are not date sensitive therefore it's ok if the borrower doesn't sign the date they're generated. .. please waive
 01/23/2019 2 B CA Primary Refinance - Cash-out - Home Improvement Letter of Explanation & Corrected Closing Disclosure C B C B C B C A Non QM Non QM No
216127610 [redacted] [redacted] 23236422 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted]% or Final Disclosure APR of[redacted]% is in excess of allowable threshold of APOR[redacted]% +[redacted]%, or[redacted]%.  Compliant Higher Priced Mortgage Loan. Reviewer Comment (2019-05-31): [redacted] mortgage purchases HPML compliant loans.
 02/21/2019 1 A NC Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216127610 [redacted] [redacted] 23236423 Compliance Compliance State Compliance State HPML [redacted] Rate Spread Threshold Test Compliant [redacted] Rate Spread Home Loan: APR on subject loan of[redacted]% or Final Disclosure APR of[redacted]% is in excess of allowable threshold of APOR[redacted]% +[redacted]%, or[redacted]%.  Compliant Rate Spread Home Loan. Buyer Comment (2019-05-31): [redacted] has elected to waive this exception
 02/25/2019 2 B NC Primary Refinance - Cash-out - Other Within 90 days of closing and prior to institution of any action against the lender, (1) notify the borrower, and (2) make appropriate restitution at the option of the borrower to either (a) make the loan comply with prohibited acts and practices or (b) change the terms of the loan in a manner beneficial to the borrower so the loan is no longer rate spread.  

(Narrow Defense - Requires CHD Approval)
Within 120 days of discovery , which compliance failure was not intentional and resulted from a bona fide error,  creditor must: (1) provide Lender Attestation to AMC attesting the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how rate spread home loan was made despite procredures to prevent); (2) notify the borrower, and make appropriate restitution at the option of the borrower to either (a) make the loan comply with prohibited acts and practices or (b) change the terms of the loan in a manner beneficial to the borrower so the loan is no longer rate spread.		 C B A A C B A A Non QM Non QM No
216127610 [redacted] [redacted] 23236424 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Homeowner's Insurance Premium Months TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. ([redacted]) Section G of the final CD disclosed a monthly insurance amount of $[redacted] which calculates to an annual amount of $[redacted]; Section F disclosed a 12 month premium of $[redacted]. Buyer Comment (2019-05-31): [redacted] has elected to waive this exception
 02/25/2019 2 B NC Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
216127610 [redacted] [redacted] 23236425 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. ([redacted]) The final CD did not provide a tolerance cure for the increase to the Title Examination Fee. Reviewer Comment (2019-05-31): Upon further review, the exception is cleared.
 02/25/2019 1 A NC Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
216127610 [redacted] [redacted] 23236426 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Examination Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. (7727) Zero Percent Fee Tolerance exceeded for Title - Examination Fee. Fee Amount of $[redacted] exceeds tolerance of $0.00. Missing proof of valid change, insufficient or no cure was provided to the borrower Vendor was listed on the Service provider list and additional expenses were not allowed without cure Reviewer Comment (2019-05-31): Upon further review, the exception is cleared.


Buyer Comment (2019-05-31): Please clarify which fee exceeds tolerance? [redacted] does not see a  [redacted]Title Exam fee on the CD.
 02/25/2019 1 A NC Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM No
216127610 [redacted] [redacted] 23236427 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Inspection Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. Inspection fee was not listed as a shoppable fee. Reviewer Comment (2019-05-31): [redacted] received an attestation that the fee named Title Disbursement Review is the same as Title Inspection Fee.


Buyer Comment (2019-05-31): As per title company, the Title inspection fee of [redacted]and the disbursement review are one in the same.
 02/25/2019 1 A NC Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM No
216127610 [redacted] [redacted] 23236428 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Fee Terminology TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on [redacted] did not use the same fee terminology as the Loan Estimate. [redacted] received an attestation that the fee named Title Disbursement Review is the same as Title Inspection Fee. Reviewer Comment (2019-05-31): Letter of Explanation & Corrected Closing Disclosure provided
 02/27/2019 2 B NC Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
216127610 [redacted] [redacted] 23236429 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed a Finance Charge that does not match the actual finance charge for the loan. Title Inspection Fee of $[redacted] was not included in Finance Charge on final CD per Loan Disbursement document on page 861.  A refund of the under-disclosed finance charge is needed, please provide a Corrected CD, Copy of Refund check, Letter of Explanation and Proof of Delivery to cure. Reviewer Comment (2019-05-31): [redacted] received Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission.


Buyer Comment (2019-05-31): Please see proof of delivery


Reviewer Comment (2019-05-31): Letter of Explanation, Shipping Label, Refund check for under disclosed amount, Corrected CD, and Rescission re-opened and expires [redacted] .  Per UPS website the package Shipment Ready for UPS.  Please provide confirmation that the package has been delivered to the the borrower..  Proof of delivery required for recession document.  Exception to be cured once recession expires and proof of delivery provided


Buyer Comment (2019-05-31): Please see attached
 03/04/2019 2 B NC Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable C B A A C B A A Non QM Non QM No
216127636 [redacted] [redacted] 23236810 Credit Missing Document General Missing Document Missing Document: Borrower Ability to Repay Attestation not provided Missing borrower signed Ability to Repay Attestation ATR -01A  as required per guidelines. Reviewer Comment (2019-05-31): Borrower Ability to Repay Attestation provided


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


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


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


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


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


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


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


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

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

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

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

Originator Pre-Close

Originator Pre-Close

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


Buyer Comment (2019-05-31): PCCD and LOX provided
 03/21/2019 2 B NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127636 [redacted] [redacted] 23236825 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure APR Irregular Transaction TILA-RESPA Integrated Disclosure - Loan Calculations:  APR of[redacted]% on Final Closing Disclosure provided on [redacted] is under-disclosed from the calculated APR of[redacted]% outside of[redacted]% tolerance. APR [redacted] > CD APR [redacted] Reviewer Comment (2019-05-31): Letter of Explanation & Corrected Closing Disclosure provided prior to [redacted] review.  PC-CD matches terms of the Note now.
 03/21/2019 2 B NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127636 [redacted] [redacted] 23236826 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed a periodic principal and interest payment for payment stream 2 that does not match the actual payment for the loan. CD projected P&I minimum payment amount $[redacted] < calculated P&I minimum payment amount $[redacted] Reviewer Comment (2019-05-31): Letter of Explanation & Corrected Closing Disclosure provided prior to [redacted] review.  PC-CD matches terms of the Note now.
 03/21/2019 2 B NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127636 [redacted] [redacted] 23236827 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted]disclosed a periodic principal and interest payment for payment stream 2 that does not match the actual payment for the loan. CD projected P&I minimum payment amount $[redacted] < calculated P&I minimum payment amount $[redacted] Reviewer Comment (2019-05-31): Letter of Explanation & Corrected Closing Disclosure provided prior to [redacted] review.  PC-CD matches terms of the Note now.
 03/21/2019 2 B NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127636 [redacted] [redacted] 23236828 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Projected P&I Min Payment Adjustable Rate Subsequent Payments TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed a periodic principal and interest payment for payment stream 2 that does not match the actual payment for the loan. CD projected P&I minimum payment amount $[redacted] < calculated P&I minimum payment amount $[redacted] Reviewer Comment (2019-05-31): Letter of Explanation & Corrected Closing Disclosure provided prior to [redacted] review.  PC-CD matches terms of the Note now.
 03/21/2019 2 B NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127636 [redacted] [redacted] 23236829 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. CD TIP [redacted] < calculated TIP [redacted] Reviewer Comment (2019-05-31): Letter of Explanation & Corrected Closing Disclosure provided prior to [redacted] review.  PC-CD matches terms of the Note now.
 03/21/2019 2 B NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127636 [redacted] [redacted] 23236830 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed a Total of Payments that does not match the actual total of payments for the loan. CD Total of Payments $[redacted] < calculated Total of Payments $[redacted]. Reviewer Comment (2019-05-31): Letter of Explanation & Corrected Closing Disclosure provided prior to [redacted] review.  PC-CD matches terms of the Note now.
 03/21/2019 2 B NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127644 [redacted] [redacted] 23236900 Credit Missing Document General Missing Document Missing Document: Borrower Ability to Repay Attestation not provided Missing from file. Reviewer Comment (2019-05-31): Borrower Ability to Repay Attestation provided
 05/17/2019 1 A FL Primary Purchase C B C A C B A A Non QM Non QM No
216127644 [redacted] [redacted] 23236901 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted]% or Final Disclosure APR of[redacted]% is in excess of allowable threshold of APOR[redacted]% +[redacted]%, or[redacted]%.  Compliant Higher Priced Mortgage Loan. Reviewer Comment (2019-05-31): [redacted] mortgage purchases HPML compliant loans.
 04/25/2019 1 A FL Primary Purchase C B C A C B A A Non QM Non QM No
216127644 [redacted] [redacted] 23236902 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. Missing from file. Reviewer Comment (2019-05-31): Document provided
 04/26/2019 1 A FL Primary Purchase C B C A C B A A Non QM Non QM No
216127644 [redacted] [redacted] 23236903 Compliance Compliance Federal Compliance TRID Defect TRID Closing Disclosure Lump Sum Allocation Lump sum lender/seller credit disclosed on Closing Disclosure applied to offset non-finance charges first, then finance charges pursuant to client's election as permitted under SFIG RMBS 3.0 TRID Compliance Review Scope Version 2.0 (updated October 2018).  Anti-predatory lending points and fees testing are not impacted. Buyer Comment (2019-05-31): [redacted] has elected to waive
 04/26/2019 1 A FL Primary Purchase C B C A C B A A Non QM Non QM No
216127644 [redacted] [redacted] 23236904 Compliance Compliance Federal Compliance TRID TRID Esign Consent Agreement Status ESIGN Act - Missing esign consent.  TRID disclosures provided electronically will not be used to set or rebaseline fees for tolerance purposes.  Disclosures sent electronically may result in a fee tolerance violation of up to $[redacted] and disclosure timing violations. Missing e-sign consent, initial LE e-signed [redacted].  All fee baselines are $0.00. Reviewer Comment (2019-05-31): E-sign Consent Agreement provided
 04/26/2019 1 A FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216127644 [redacted] [redacted] 23236905 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. Not provided, field not shown.  Missing e-sign consent, initial LE e-signed [redacted].  All fee baselines are $0.00. Buyer Comment (2019-05-31): [redacted] has elected to waive
 04/26/2019 2 B FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
216127644 [redacted] [redacted] 23236906 Compliance Compliance Federal Compliance TRID TRID Home Loan Toolkit Provided Truth in Lending Act (2015): Creditor or broker did not provide Your Home Loan Toolkit Disclosure to applicant. Missing from file. Reviewer Comment (2019-05-31): Document provided
 04/26/2019 1 A FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216127644 [redacted] [redacted] 23236907 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. Only complete CD in file is the Final CD issued on [redacted] and signed [redacted]. Reviewer Comment (2019-05-31): Initial CD provided
 04/26/2019 1 A FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216127644 [redacted] [redacted] 23236909 Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Missing from file. Reviewer Comment (2019-05-31): SSPL provided
 04/26/2019 1 A FL Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
216127644 [redacted] [redacted] 23236910 Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $0.00 plus 10% or $0.00.  Insufficient or no cure was provided to the borrower. No cure provided for overage, missing e-sign consent and therefore all fee baselines are $0.00. Reviewer Comment (2019-05-31): E-sign Consent Agreement provided


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


Reviewer Comment (2019-05-31): [redacted] received PCCD indicating cure and LOE. Please provide Refund Check and Proof of Delivery to cure.
 05/03/2019 2 B FL Primary Purchase C B C A C B A A Non QM Non QM No
216127688 [redacted] [redacted] 23237366 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Total Interest Percentage TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. Final Closing Disclosure reflects TIP of [redacted]% but calculated TIP is [redacted]%, which is outside of .003% tolerance. Used Index Value =[redacted]% per the Closing Instructions dated [redacted]. Reviewer Comment (2019-06-14): Waived at client request
 06/14/2019 2 B CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM No
216127688 [redacted] [redacted] 23237367 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Closing Date TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [redacted] disclosed a Closing Date that did not match the actual date of consummation. Final Closing Disclosure disclosed a Closing Date of [redacted]. Deed of Trust was notarized on [redacted]. Reviewer Comment (2019-06-14): Waived at client request
 06/14/2019 2 B CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM No
216127688 [redacted] [redacted] 23237369 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Assumption TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan allows for Assumption. Final Closing Disclosure disclosed the lender will not allow the loan to be Assumed however, the Note contains an Assumption Clause. Reviewer Comment (2019-06-07): Waived per client request.
 06/04/2019 2 B CA Primary Refinance - Cash-out - Debt Consolidation Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM No
216127704 [redacted] [redacted] 23237509 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy. Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. Calculated investor qualifying total debt ratio of[redacted]% exceeds Guideline total debt ratio of[redacted]%.  Approved Lender Exception in file. LTV is [redacted]%, 10% < program maximum of 85%.

No public records.

Borrower has been self-employed as [redacted], Inc for the past 3 years with 25 years in the same line of work.  Co-borrower has been employed with [redacted] for the past 5.86 years with 20 years in the same line of work.

[redacted] months of reserves, [redacted] months > program requirement of 8,

Rate and Term Refinance resulting in a 15% housing payment reduction -$[redacted].

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

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-14): [redacted] has elected to waive this exception based on compensating factors.
 06/03/2019 2 B IL Primary Refinance - Rate/Term C B C B C B A A Non QM Non QM No
216127704 [redacted] [redacted] 23237510 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline AUS Findings: All conditions were not met Exception revision stated that Borrower must have received counseling per Illinois I/O regulation  and completion of counseling must be documented.. Document not in file. Reviewer Comment (2019-06-14): IL Class Completion Cert provided


Reviewer Comment (2019-06-14): No document provided.


Buyer Comment (2019-06-14): See IL Class Completion Cert provided
 06/06/2019 1 A IL Primary Refinance - Rate/Term C B C B C B A A Non QM Non QM No
216127704 [redacted] [redacted] 23237512 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Appraisal Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient cure was provided to the borrower at closing 05/31/2019 1 A IL Primary Refinance - Rate/Term Final CD evidences Cure C B C B C B A A Non QM Non QM No
216127704 [redacted] [redacted] 23237513 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Second Appraisal Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient cure was provided to the borrower at closing 05/31/2019 1 A IL Primary Refinance - Rate/Term Final CD evidences Cure C B C B C B A A Non QM Non QM No
216127704 [redacted] [redacted] 23237514 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Escrowed Property Costs Year 1 -  October 2018 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. Hazard insurance policy documented in file reflects an annual premium of $[redacted] or $[redacted] per month yet the final CD shows an annual premium of $[redacted] or $[redacted] per month. Reviewer Comment (2019-06-14): [redacted] received PCCD. The Final CD is consistent with amounts on IEADS. Exception Cleared.


Buyer Comment (2019-06-14): See all CD's provided - this was corrected prior to disbursement


Buyer Comment (2019-06-14): PCCD dated5[redacted] in loan images reflects correction provided to client.
 06/05/2019 1 A IL Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B C B C B A A Non QM Non QM No
216127704 [redacted] [redacted] 23237515 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan. Hazard insurance policy documented in file reflects an annual premium of $[redacted] or $[redacted] per month yet the final CD shows an annual premium of $[redacted] or $[redacted] per month. Reviewer Comment (2019-06-14): [redacted] received PCCD. The Final CD is consistent with amounts on IEADS. Exception Cleared.


Buyer Comment (2019-06-14): See trailing documents provided
 06/05/2019 1 A IL Primary Refinance - Rate/Term TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127704 [redacted] [redacted] 23237516 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream 2 that does not match the actual payment for the loan. Hazard insurance policy documented in file reflects an annual premium of $[redacted] or $[redacted] per month yet the final CD shows an annual premium of $[redacted] or $[redacted] per month. Reviewer Comment (2019-06-14): [redacted] received PCCD. The Final CD is consistent with amounts on IEADS. Exception Cleared.


Buyer Comment (2019-06-14): See trailing documents provided
 06/05/2019 1 A IL Primary Refinance - Rate/Term TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127704 [redacted] [redacted] 23237517 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream 3 that does not match the actual payment for the loan. Hazard insurance policy documented in file reflects an annual premium of $[redacted] or $[redacted] per month yet the final CD shows an annual premium of $[redacted] or $[redacted] per month. Reviewer Comment (2019-06-14): [redacted] received PCCD. The Final CD is consistent with amounts on IEADS. Exception Cleared.


Buyer Comment (2019-06-14): See trailing documents provided
 06/05/2019 1 A IL Primary Refinance - Rate/Term TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127704 [redacted] [redacted] 23237518 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream 4 that does not match the actual payment for the loan. Hazard insurance policy documented in file reflects an annual premium of $[redacted] or $[redacted] per month yet the final CD shows an annual premium of $[redacted] or $[redacted] per month. Reviewer Comment (2019-06-14): [redacted] received PCCD. The Final CD is consistent with amounts on IEADS. Exception Cleared.


Buyer Comment (2019-06-14): See trailing documents provided
 06/05/2019 1 A IL Primary Refinance - Rate/Term TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127704 [redacted] [redacted] 23237519 Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an Estimated Total Monthly Payment for payment stream 1 that does not match the actual total payment for the loan. Hazard insurance policy documented in file reflects an annual premium of $[redacted] or $[redacted] per month yet the final CD shows an annual premium of $[redacted] or $[redacted] per month. Reviewer Comment (2019-06-14): [redacted] received PCCD. The Final CD is consistent with amounts on IEADS. Exception Cleared.


Buyer Comment (2019-06-14): See trailing documents provided
 06/05/2019 1 A IL Primary Refinance - Rate/Term TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable C B C B C B A A Non QM Non QM No
216127704 [redacted] [redacted] 23237520 Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs don't match and both significantly exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTIs calculated in accordance with the Lenders Guidelines of[redacted]% and based on 1026.43(c)(5) of[redacted]% significantly exceed the guideline maximum of[redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) The Lenders DTI of[redacted]% exceeds the guideline maximum of[redacted]%. Lender's Exception in file. LTV is [redacted]%, 10% < program maximum of 85%.

No public records.

Borrower has been self-employed as [redacted], Inc for the past 3 years with 25 years in the same line of work.  Co-borrower has been employed with [redacted] for the past 5.86 years with 20 years in the same line of work.

[redacted] months of reserves, [redacted] months > program requirement of 8,

Rate and Term Refinance resulting in a 15% housing payment reduction -$[redacted].

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

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-14): [redacted] has elected to waive this exception based on compensating factors.
 06/03/2019 2 B IL Primary Refinance - Rate/Term C B C B C B A A Non QM Non QM No
216127704 [redacted] [redacted] 23237521 Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [redacted],  Most Recent Tax Return End Date [redacted], Tax Return Due Date [redacted]. Loan closed [redacted] -  Missing [redacted] Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns. Buyer Comment (2019-06-14): [redacted] has elected to waive this exception.
 06/05/2019 2 B IL Primary Refinance - Rate/Term C B C B C B A A Non QM Non QM No
216127704 [redacted] [redacted] 23237522 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Missing evidence borrower was provided a copy of the secondary appraisal report 3 days prior to closing. Buyer Comment (2019-06-14): [redacted] has elected to waive this exception.
 06/05/2019 2 B IL Primary Refinance - Rate/Term C B C B C B A A Non QM Non QM No
216127704 [redacted] [redacted] 23237523 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted]% or Final Disclosure APR of[redacted]% is in excess of allowable threshold of APOR[redacted]% +[redacted]%, or[redacted]%.  Non-Compliant Higher Priced Mortgage Loan. Copy of Valuation not provided to borrower 3 business days prior to consummation Reviewer Comment (2019-06-14): [redacted] received the appraisal receipt dated [redacted].


Buyer Comment (2019-06-14): See trailing document
 06/06/2019 1 A IL Primary Refinance - Rate/Term C B C B C B A A Non QM Non QM No
216127704 [redacted] [redacted] 23237524 Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Copy of Valuation not provided to borrower 3 business days prior to consummation Reviewer Comment (2019-06-14): [redacted] received the appraisal receipt dated [redacted].


Buyer Comment (2019-06-14): See trailing document
 06/06/2019 1 A IL Primary Refinance - Rate/Term C B C B C B A A Non QM Non QM No
216127704 [redacted] [redacted] 23237527 Credit Credit Miscellaneous Guideline Credit Exception: Use [redacted] P&L prepared by CPA instead of [redacted]tax return (extension was filed) along with [redacted] returns to stabilize income for borrower. Allow average of [redacted] tax return and [redacted] CPA prepared P&L. Lender approved. LTV is [redacted]%, 10% < program maximum of 85%.

No public records.

Borrower has been self-employed as [redacted], Inc for the past 3 years with 25 years in the same line of work.  Co-borrower has been employed with [redacted] for the past 5.86 years with 20 years in the same line of work.

[redacted] months of reserves, [redacted] months > program requirement of 8,

Rate and Term Refinance resulting in a 15% housing payment reduction -$[redacted].

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

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-14): Client has elected to waive this exception based on compensating factors.
 06/11/2019 2 B IL Primary Refinance - Rate/Term C B C B C B A A Non QM Non QM No
216127704 [redacted] [redacted] 23237528 Credit Credit Miscellaneous Guideline Credit Exception: Allow interest-only in Illinois. Lender approved. LTV is [redacted]%, 10% < program maximum of 85%.

No public records.

Borrower has been self-employed as [redacted], Inc for the past 3 years with 25 years in the same line of work.  Co-borrower has been employed with [redacted] for the past 5.86 years with 20 years in the same line of work.

[redacted] months of reserves, [redacted] months > program requirement of 8,

Rate and Term Refinance resulting in a 15% housing payment reduction -$[redacted].

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

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-14): Client has elected to waive this exception based on compensating factors.
 06/11/2019 2 B IL Primary Refinance - Rate/Term C B C B C B A A Non QM Non QM No
216127715 [redacted] [redacted] 23237619 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted]% or Final Disclosure APR of[redacted]% is in excess of allowable threshold of APOR[redacted]% +[redacted]%, or[redacted]%.  Compliant Higher Priced Mortgage Loan. Reviewer Comment (2019-06-14): [redacted] mortgage purchases HPML compliant loans.
 05/29/2019 1 A TX Primary Refinance - Cash-out - Other D B C B D B A A Non QM Non QM No
216127715 [redacted] [redacted] 23237620 Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. Reviewer Comment (2019-06-14): Homeownership Counseling List  provided.
 05/30/2019 1 A TX Primary Refinance - Cash-out - Other D B C B D B A A Non QM Non QM No
216127715 [redacted] [redacted] 23237621 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Itemization of Points and Fees Not Provided At Least 1 Business Day Prior to Closing - No Waiver) [redacted] Constitution Section 50(a)(6): Final itemized disclosure of fees, points, costs and charges not provided to borrower at least one (1) business day prior to closing without a waiver. Reviewer Comment (2019-06-14): Initial CD provided


Reviewer Comment (2019-06-14): Document was provided day of closing. Provide evidence document  was provided to borrower t least one (1) business day prior to closing.


Buyer Comment (2019-06-14): Page 24-25
 05/31/2019 1 A TX Primary Refinance - Cash-out - Other Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. D B C B D B A A Non QM Non QM No
216127715 [redacted] [redacted] 23237622 Compliance Compliance Federal Compliance TRID TRID Esign Consent Agreement Status ESIGN Act - Missing esign consent.  TRID disclosures provided electronically will not be used to set or rebaseline fees for tolerance purposes.  Disclosures sent electronically may result in a fee tolerance violation of up to $[redacted] and disclosure timing violations. Missing e-sign consent, all fee baselines are $0.00. Reviewer Comment (2019-06-14): Esign Consent Agreement provided


Buyer Comment (2019-06-14): Page 24-25 of uploaded initial disclosures
 05/30/2019 1 A TX Primary Refinance - Cash-out - Other No Defined Cure D B C B D B A A Non QM Non QM No
216127715 [redacted] [redacted] 23237623 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. Evidence of earlier receipt missing from file, both CDs signed at closing. Reviewer Comment (2019-06-14): Initial CD provided
 05/31/2019 1 A TX Primary Refinance - Cash-out - Other No Defined Cure D B C B D B A A Non QM Non QM No
216127715 [redacted] [redacted] 23237624 Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least four (4) business days prior to closing. Evidence of earlier receipt missing from file, revised LE not signed by borrower. Reviewer Comment (2019-06-14): [redacted] received the [redacted] LE signed and dated by the borrower on [redacted].


Reviewer Comment (2019-06-14): Please provided documentation that confirms when the borrower received the [redacted] LE


Buyer Comment (2019-06-14): uploaded initial disclosures
 05/31/2019 1 A TX Primary Refinance - Cash-out - Other No Defined Cure D B C B D B A A Non QM Non QM No
216127715 [redacted] [redacted] 23237625 Compliance Compliance Federal Compliance Missing Disclosure Notice of Special Flood Hazard Disclosure Not Provided Timely FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. Evidence of earlier receipt missing from file. Buyer Comment (2019-06-14): [redacted] has elected to waive
 05/31/2019 2 B TX Primary Refinance - Cash-out - Other D B C B D B A A Non QM Non QM No
216127715 [redacted] [redacted] 23237626 Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) [redacted] Constitution Section 50(a)(6): Acknowledgment of the Fair Market Value not properly executed by the Lender. Not signed by lender. Reviewer Comment (2019-06-14): [redacted] received the Fair Market Value executed by the Lender dated [redacted].


Reviewer Comment (2019-06-14): No lender signed copy of Texas Cash-out Fair Market Acknowledgment is in file.


Buyer Comment (2019-06-14): Page uploaded initial disclosures
 05/31/2019 1 A TX Primary Refinance - Cash-out - Other To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents, (AFMV signed by the lender), and obtain an executed copy; OR (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. D B C B D B A A Non QM Non QM No
216127715 [redacted] [redacted] 23237627 Compliance Compliance Federal Compliance TRID TRID Alternate Table Usage TILA-RESPA Integrated Disclosure - Costs at Closing/ Calculating Cash to Close: Alternate tables not used consistently throughout the transaction. All LEs/CDs performed on purchase format, corrected to refi format on Final CD. Buyer Comment (2019-06-14): [redacted] has elected to waive
 05/31/2019 2 B TX Primary Refinance - Cash-out - Other Good Faith Redisclosure D B C B D B A A Non QM Non QM No
216127715 [redacted] [redacted] 23237628 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Negative Fees TRID-RESPA Integrated Disclosure - Final Closing Disclosure provided on [redacted] disclosed a negative fee amount. Negative fee shown on final CD for Title Reissue Loan of -$[redacted]. Buyer Comment (2019-06-14): [redacted] has elected to waive
 05/31/2019 2 B TX Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D B C B D B A A Non QM Non QM No
216127715 [redacted] [redacted] 23237629 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Total Closing Costs Exceeds Limits Amount TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed a tolerance cure amount that does not match the amount disclosed in the Other Costs table. Figure not shown on pg. 3 of final CD. Buyer Comment (2019-06-14): [redacted]has elected to waive
 05/31/2019 2 B TX Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D B C B D B A A Non QM Non QM No
216127715 [redacted] [redacted] 23237630 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Closing Costs Financed TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed Closing Costs Financed that does not match actual amount of closing costs financed. Captured as disclosed, $0.00. Buyer Comment (2019-06-14): [redacted] has elected to waive
 05/31/2019 2 B TX Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D B C B D B A A Non QM Non QM No
216127715 [redacted] [redacted] 23237631 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. Not provided, field not shown.  Insufficient cure provided for overages. Buyer Comment (2019-06-14): [redacted] has elected to waive
 05/31/2019 2 B TX Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure D B C B D B A A Non QM Non QM No
216127715 [redacted] [redacted] 23237632 Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus 10% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Ten percent fees increased without VCC, $[redacted] cure provided for this overage. 05/24/2019 1 A TX Primary Refinance - Cash-out - Other Final CD evidences Cure D B C B D B A A Non QM Non QM No
216127715 [redacted] [redacted] 23237633 Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Approved lender exception doc 15 for loan amount of $[redacted] vs. program max of [redacted]. Please provide revised lender exception as note loan amount is $[redacted]. Tradelines are paid as agreed since a 30 day late 10 months ado [redacted]

[redacted] months reserves > 6 months guideline minimum

Borrower has been self-employed for over 11.17 years as [redacted]

[redacted] credit score vs. program min 700.

[redacted]% DTI vs. program max of 50%.

[redacted]% LTV vs. program max of 85%.		 Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-14): [redacted]has elected to waive this exception based on compensating factors.
 05/31/2019 2 B TX Primary Refinance - Cash-out - Other D B C B D B A A Non QM Non QM No
216127715 [redacted] [redacted] 23237634 Compliance Compliance Federal Compliance TRID TRID Revised Loan Estimate Received Date >  Closing Disclosure Received Date TILA-RESPA Integrated Disclosure: Revised Loan Estimate [redacted] received on or after the date the Closing Disclosure [redacted] 12:00:00 AM was received. Please provided documentation that confirms when the borrower received the [redacted] LE Buyer Comment (2019-06-14): [redacted] has elected to waive
 05/31/2019 2 B TX Primary Refinance - Cash-out - Other No Defined Cure D B C B D B A A Non QM Non QM No
216127718 [redacted] [redacted] 23237660 Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument not provided Security instrument not provided Reviewer Comment (2019-06-14): [redacted] received the signed and dated Security Instrument [redacted].


Buyer Comment (2019-06-14): Mortgage provided
 05/23/2019 1 A TN Primary Purchase D B D B C B A A Non QM Non QM No
216127718 [redacted] [redacted] 23237663 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. Appraisal Review Fee Amount of $[redacted] exceeds tolerance of $0.00. Sufficient cure was provided to the borrower at Closing 05/20/2019 1 A TN Primary Purchase Final CD evidences Cure D B D B C B A A Non QM Non QM No
216127718 [redacted] [redacted] 23237664 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing. Collateral Desktop Analysis Fee Amount of $[redacted] exceeds tolerance of $0.00 Sufficient cure was provided to the borrower at Closing 05/20/2019 1 A TN Primary Purchase Final CD evidences Cure D B D B C B A A Non QM Non QM No
216127718 [redacted] [redacted] 23237665 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. Final Closing Disclosure provided and incorrect amount that the Total Closing Costs exceeded the legal limit Buyer Comment (2019-06-14): [redacted] has elected to waive this exception.
 05/22/2019 2 B TN Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B C B A A Non QM Non QM No
216127718 [redacted] [redacted] 23237666 Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted]% or Final Disclosure APR of[redacted]% is in excess of allowable threshold of APOR[redacted]% +[redacted]%, or[redacted]%.  Compliant Higher Priced Mortgage Loan. Final Disclosure APR of[redacted]% exceeds the APOR threshold of[redacted]% Reviewer Comment (2019-06-14): [redacted] mortgage purchases HPML compliant loans.
 05/21/2019 1 A TN Primary Purchase D B D B C B A A Non QM Non QM No
216127718 [redacted] [redacted] 23237667 Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. The copy of the valuation was provided after the effective date but prior to the report date. Buyer Comment (2019-06-14): [redacted] has elected to waive this exception.
 05/22/2019 2 B TN Primary Purchase D B D B C B A A Non QM Non QM No
216127718 [redacted] [redacted] 23237668 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. An additional appraisal fee was added to the fees charged to the Borrower, however, a valid changed circumstance was provided but an insufficient cure. Reviewer Comment (2019-06-14): [redacted] received Letter of Explanation, Copy of Refund Check, and Corrected CD


Buyer Comment (2019-06-14): See cure documents provided


Reviewer Comment (2019-06-14): Total cure required was $[redacted] ($[redacted] for CDA and $[redacted] for Appraisal Review).  Final CD reflects $[redacted] provided to the borrower at closing.  Post Close CD provided indicates $[redacted] cure provided.  Please provided cure check for the additional $[redacted], LOE to borrower and proof of delivery to address the exceptions.


Buyer Comment (2019-06-14): See PCCD provided - credit for fee's over legal limit were already credited to client at closing.  Please clear.
 05/29/2019 2 B TN Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D B C B A A Non QM Non QM No
216127718 [redacted] [redacted] 23237669 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower. The Collateral Desktop Analysis was added to the fees charged to the Borrower with no valid changed circumstance or cure. Reviewer Comment (2019-06-14): [redacted] received Letter of Explanation, Copy of Refund Check, and Corrected CD


Buyer Comment (2019-06-14): See cure documents provided


Reviewer Comment (2019-06-14): Total cure required was $[redacted] ($[redacted] for CDA and $[redacted] for Appraisal Review).  Final CD reflects $[redacted] provided to the borrower at closing.  Post Close CD provided indicates $[redacted] cure provided.  Please provided cure check for the additional $[redacted], LOE to borrower and proof of delivery to address the exceptions.


Buyer Comment (2019-06-14): See PCCD provided - credit for fee's over legal limit were already credited to client at closing.  Please clear.
 05/29/2019 2 B TN Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D B C B A A Non QM Non QM No
216127718 [redacted] [redacted] 23237670 Credit Credit Miscellaneous Guideline Credit Exception: The Borrower's departure residence is being rented by their parents and Co-Borrower. This rental income was used to offset the monthly payment. Program guidelines indicate that rental income from family members is not acceptable income, however, a Lender Exception was granted to allow. No late payments on credit report since inception with earliest opened date of [redacted]. No public records.

Borrower has been self-employed as [redacted] for the past 10 years Co-Borrower has been [redacted] for the past 5 years with 20 years in the same profession.

[redacted] months reserves > 10 months guideline minimum		 Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-06-14): [redacted] has elected to waive this exception based on compensating factors.
 05/21/2019 2 B TN Primary Purchase D B D B C B A A Non QM Non QM No
216127718 [redacted] [redacted] 23237671 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower. Total cure required was $[redacted] ($[redacted] for CDA and $[redacted] for Appraisal Review).  Final CD reflects $[redacted] provided to the borrower at closing.  Post Close CD provided indicates $[redacted] cure provided.  Please provided cure check for the additional $[redacted], LOE to borrower and proof of delivery to address the exceptions. Reviewer Comment (2019-06-14): [redacted] received required documents, exception cured.
 05/29/2019 2 B TN Primary Purchase D B D B C B A A Non QM Non QM No
216127718 [redacted] [redacted] 23237672 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis.  Fee Amount of $[redacted] exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower. Total cure required was $[redacted] ($[redacted] for CDA and $[redacted] for Appraisal Review).  Final CD reflects $[redacted] provided to the borrower at closing.  Post Close CD provided indicates $[redacted] cure provided.  Please provided cure check for the additional $[redacted], LOE to borrower and proof of delivery to address the exceptions. Reviewer Comment (2019-06-14): [redacted] received required documents, exception cured.
 05/29/2019 2 B TN Primary Purchase D B D B C B A A Non QM Non QM No
216127763 [redacted] [redacted] 23238005 Compliance Compliance Federal Compliance Missing Disclosure Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Loan Originator Compensation (Dodd-Frank 2014) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. Buyer Comment (2019-07-03): [redacted] has elected to waive this exception.
 07/01/2019 2 B FL Primary Purchase B B B B B B A A Non QM Non QM No
216127763 [redacted] [redacted] 23238006 Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [redacted],  Most Recent Tax Return End Date [redacted], Tax Return Due Date [redacted]. Loan closed [redacted] -  Missing [redacted] Tax Returns The tax returns used were not current based on the closing date. the filing of the extension does not make the stale returns current, it just means the consumer is deferring their filing with the IRS. Specifically the income being used to qualify is not based on recent returns. Buyer Comment (2019-07-03): [redacted] has elected to waive this exception.
 07/01/2019 2 B FL Primary Purchase B B B B B B A A Non QM Non QM No
216127763 [redacted] [redacted] 23238008 Credit Credit Miscellaneous Guideline Credit Exception: Lender approved exception to allow IRS payment plan vs payment in full of taxes due. Payment plan is included in DTI. No public records

Borrower has been self-employed as [redacted] for the past 6 years

[redacted]% DTI < 43% guideline max

FICO is [redacted] > program requirement of 660		 Originator Pre-Close

Originator Pre-Close

Originator Pre-Close

Originator Pre-Close		 Reviewer Comment (2019-07-03): Client has elected to waive this exception based on compensating factors.
 07/01/2019 2 B FL Primary Purchase B B B B B B A A Non QM Non QM No
216127767 [redacted] [redacted] 23238011 Compliance Compliance Federal Compliance RESPA RESPA Disclosure -  Missing Signature on Affiliated Business Arrangement Disclosure RESPA Disclosure Rule: Creditor did not obtain signature on Affiliated Business Arrangement Disclosure. Buyer Comment (2019-07-19): [redacted] has elected to waive this exception.
 06/26/2019 2 B CA Primary Refinance - Cash-out - Other C B A A C B A A Non QM Non QM No
216127767 [redacted] [redacted] 23238013 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Mortgage Broker Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. Insufficient or no cure was provided to the borrower. Reviewer Comment (2019-07-19): [redacted] received required documents, exception is cleared.


Buyer Comment (2019-07-19): Uploaded For Review-COC
 06/27/2019 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM No
216127767 [redacted] [redacted] 23238014 Compliance Compliance Federal Compliance TRID TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. Total Closing Costs exceeded the legal limit. Buyer Comment (2019-07-19): [redacted] has elected to waive this exception
 06/26/2019 2 B CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
216127793 [redacted] [redacted] 23238250 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Account with [redacted] for [redacted] not using as only 1 months statement provided for [redacted]. Reviewer Comment (2019-05-31): Final HUD for refi of REO provided for reserves.
 04/17/2019 1 A PA Investment Refinance - Cash-out - Other C A C A     A A No
216127793 [redacted] [redacted] 23238251 Credit Asset Asset Documentation Asset Insufficient funds for Reserves. Guidelines require Account with [redacted] for [redacted] not using as only 1 months statement provided for [redacted]. Reviewer Comment (2019-05-31): Final HUD for refi of REO provided for reserves.
 04/17/2019 1 A PA Investment Refinance - Cash-out - Other C A C A     A A No
216127793 [redacted] [redacted] 23238252 Credit Fix and Flip General Fix and Flip Insufficient funds for Reserves. Account with [redacted] for [redacted] not using as only 1 months statement provided for [redacted]. Reviewer Comment (2019-05-31): Final HUD for refi of REO provided for reserves.


Buyer Comment (2019-05-31): Please see attached HUD 1 and comments on the transmittal summary.  UW used proceeds from other refinances for reserves. The one HUD I have attached shows proceeds of [redacted]


Reviewer Comment (2019-05-31): The amount of [redacted] is as of the start date of [redacted]for this statement, next column over represents available balance of [redacted] as of [redacted]. Exception remains.


Buyer Comment (2019-05-31): Th [redacted] IRA has [redacted]= [redacted]  + Proceeds [redacted]= [redacted]


Reviewer Comment (2019-05-31): Required reserves are [redacted] which is 13 months, available for reserves is [redacted] which is [redacted] months.


Buyer Comment (2019-05-31): There are 2 months IRA Statement.  They were used to document reserves with the the proceeds.


Reviewer Comment (2019-05-31): Proceeds were used, however only 1 month assets statement for [redacted] was provided. Need additional month for 2 month history.


Buyer Comment (2019-05-31): Proceeds can be used as well.  Did you add the [redacted] from proceeds ?
 04/17/2019 1 A PA Investment Refinance - Cash-out - Other C A C A     A A No
216127820 [redacted] [redacted] 23238364 Credit Insurance Insurance Analysis Insurance Insurance address does not match Note address. Note states [redacted] Appraisal and CDA reflects [redacted] Reviewer Comment (2019-06-14): Note and title reflect legal as Alley - per USPS [redacted] is a deliverable address.


Buyer Comment (2019-06-14): Whether the Note or Insurance indicates [redacted] it secures the property.
 06/07/2019 1 A AL Investment Refinance - Cash-out - Home Improvement C A C A     A A No
216127820 [redacted] [redacted] 23238365 Credit System General System Flood Certificate Subject Address does not match Note address. Note states [redacted] Appraisal and CDA reflects [redacted] Reviewer Comment (2019-06-14): Note and title reflect legal as Alley - per USPS [redacted]is a deliverable address.


Buyer Comment (2019-06-14): Whether the Note or  Flood Certificate indicates [redacted]it secures the property.
 06/07/2019 1 A AL Investment Refinance - Cash-out - Home Improvement C A C A     A A No
216127820 [redacted] [redacted] 23238367 Credit System General Appraisal Reconciliation Valuation address does not match Note address. - Note states [redacted] Appraisal and CDA reflects [redacted] Reviewer Comment (2019-06-14): Note and title reflect legal as Alley - per USPS[redacted] is a deliverable address.


Buyer Comment (2019-06-14): Whether the Note or  Appraisal/Valuation Report indicates [redacted] it secures the property.
 06/07/2019 1 A AL Investment Refinance - Cash-out - Home Improvement C A C A     A A No
216127836 [redacted] [redacted] 23238405 Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Reviewer Comment (2020-02-11): Trailing HUD from cash out of a separate property confirms sufficient liquid assets


Buyer Comment (2020-02-11): Please see attached the correct HUD1's with cashout to the borrower used in place of assets.
Please clear this exception. Thank you!


Reviewer Comment (2019-01-08): Borrower is bringing funds to close per Final HUD-1. Borrower is not receiving cash back.


Buyer Comment (2019-01-08): Borrower using cashout proceeds from refinance. HUD-1 attached.
 02/11/2020 1 A AR Investment Refinance - Rate/Term C B C B     A A No
216127836 [redacted] [redacted] 23238408 Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003 Error: Citizenship  was not provided Borrower: [redacted] Application (birth date, ssn, citizenship), credit report, ID for [redacted] are all missing. Buyer Comment (2019-01-03): [redacted] is not a co-borrower/guarantor on the loan. Not required.
 01/03/2019 2 B AR Investment Refinance - Rate/Term C B C B     A A No
216127836 [redacted] [redacted] 23238409 Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003 Error: Birth Date  was not provided Borrower: [redacted] Application (birth date, ssn, citizenship), credit report, ID for [redacted] are all missing. Buyer Comment (2019-01-03): [redacted] is not a co-borrower/guarantor on the loan. Not required.
 01/03/2019 2 B AR Investment Refinance - Rate/Term C B C B     A A No
216127836 [redacted] [redacted] 23238410 Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. Financial Institution: [redacted] / End Date: [redacted] // Account Type: Checking / Account Number: [redacted], Financial Institution: [redacted] / End Date: [redacted] // Account Type: Checking / Account Number: [redacted] Although borrowers provided 2 or more bank statements for each account, statements are not consecutive month's statements. Reviewer Comment (2020-02-11): Trailing HUD from cash out of a separate property confirms sufficient liquid assets


Buyer Comment (2020-02-11): Please see attached the correct HUD1's with cashout to the borrower used in place of assets.
Please clear this exception. Thank you!


Reviewer Comment (2019-01-08): Nothing additional provided for this exception. Bank statements provided are not consecutive.


Buyer Comment (2019-01-08): Borrower using cash out proceeds from refinance. HUD-1 attached.
 02/11/2020 1 A AR Investment Refinance - Rate/Term C B C B     A A No
216127836 [redacted] [redacted] 23238411 Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Minimum Loan Amount discrepancy. Note loan amount of ___ is less than Guideline minimum loan amount of ___. FICO score above minimum by 20 points or greater.  Per client loan amount exception approved. Strong FICO [redacted], DSCR [redacted] and rate and term loan. Originator Reviewer Comment (2019-01-21): FICO score above minimum by 20 points or greater.  Per client loan amount exception approved. Strong FICO [redacted], DSCR [redacted] and rate and term loan.


Buyer Comment (2019-01-18): Loan amount exception approved. Strong FICO [redacted], DSCR [redacted] and Rate and term loan.
 01/21/2019 2 B AR Investment Refinance - Rate/Term C B C B     A A No
216127836 [redacted] [redacted] 23238413 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided Per Deal Notes, Certificate of Good Standing is not dated within 30 days of closing (COGS dated [redacted], closing date is [redacted]). Reviewer Comment (2019-01-08): Received valid COG in trailing documents.


Buyer Comment (2019-01-08): Updated Certificate of Good Standing
 01/08/2019 1 A AR Investment Refinance - Rate/Term C B C B     A A No
216127836 [redacted] [redacted] 23238414 Credit Fix and Flip General Fix and Flip Insufficient funds for Reserves. 3 months reserves required. Reviewer Comment (2020-02-11): Trailing HUD from cash out of a separate property confirms sufficient liquid assets


Buyer Comment (2020-02-11): Please see attached the correct HUD1's with cashout to the borrower used in place of assets.
Please clear this exception. Thank you!


Reviewer Comment (2019-01-08): Borrower is bringing funds to close per Final HUD-1. Borrower is not receiving cash back.


Buyer Comment (2019-01-08): Using cash proceeds from refinance for reserves. HUD-1 attached.
 02/11/2020 1 A AR Investment Refinance - Rate/Term C B C B     A A No
216127836 [redacted] [redacted] 23238415 Credit Loan Package Documentation Closing / Title Loan Package Documentation Security Instrument Error: Security instrument maturity date and note maturity date do not concur. [redacted] versus [redacted] Reviewer Comment (2021-03-17): Updated maturity date provided.


Reviewer Comment (2019-01-09): Received Note provided on [redacted]. Maturity date is still incorrect reflecting [redacted]. Security Instrument reflects [redacted].


Buyer Comment (2019-01-08): Updated note with correct maturity date.
 03/17/2021 1 A AR Investment Refinance - Rate/Term C B C B     A A No
216127836 [redacted] [redacted] 23238416 Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Term discrepancy. Note term of ___ does not match Guideline term of ___. first payment on the note is [redacted] and maturity date is [redacted]. This is [redacted] months. The representative FICO score exceeds the guideline minimum by at least 40 points.

FICO score above minimum by 20 points or greater.  Per client loan amount exception approved. Strong FICO [redacted], DSCR [redacted] and rate and term loan.		 Owner

Originator		 Reviewer Comment (2021-09-20): [redacted] requests to waive.
 09/20/2021 2 B AR Investment Refinance - Rate/Term C B C B     A A No
216127836 [redacted] [redacted] 23238417 Credit Asset Asset Documentation Asset Insufficient funds for Reserves. Guidelines require Missing assets for reserves and some of the funds to close. The representative FICO score exceeds the guideline minimum by at least 40 points.

FICO score above minimum by 20 points or greater.  Per client loan amount exception approved. Strong FICO [redacted], DSCR [redacted] and rate and term loan.		 Owner

Originator		 Reviewer Comment (2021-09-20): [redacted] requests to waive.
 09/20/2021 2 B AR Investment Refinance - Rate/Term C B C B     A A No
216127836 [redacted] [redacted] 23238419 Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Documented qualifying Assets for Closing of  ___ is less than Cash From Borrower ___. The representative FICO score exceeds the guideline minimum by at least 40 points.

FICO score above minimum by 20 points or greater.  Per client loan amount exception approved. Strong FICO [redacted], DSCR [redacted] and rate and term loan.		 Owner

Originator		 Reviewer Comment (2021-09-20): [redacted] requests to waive.
 09/20/2021 2 B AR Investment Refinance - Rate/Term C B C B     A A No
216127836 [redacted] [redacted] 23238420 Credit Loan Package Documentation Closing / Title Loan Package Documentation Amortization Term is less that the Original Term First payment is [redacted] and maturity date is [redacted], which makes it [redacted] months. The representative FICO score exceeds the guideline minimum by at least 40 points.

FICO score above minimum by 20 points or greater.  Per client loan amount exception approved. Strong FICO [redacted], DSCR [redacted] and rate and term loan.		 Owner

Originator		 Reviewer Comment (2021-09-20): [redacted] requests to waive.
 09/20/2021 2 B AR Investment Refinance - Rate/Term C B C B     A A No
216127843 [redacted] [redacted] 23238497 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 Reviewer Comment (2021-05-20): provided


Seller Comment (2021-05-19): uploaded
 05/20/2021 1 A WI Investment Refinance - Rate/Term D A C A     D A No
216127843 [redacted] [redacted] 23238499 Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided Loan is refinance and appraisal states tenant occupied; missing lease agreement. Reviewer Comment (2021-07-07): Lease agreement provided.


Seller Comment (2021-07-06): The lease was uploaded and "Received" was stated by [redacted]. Please clear if cleared.


Reviewer Comment (2021-06-09): Leases are required on tenant occupied rentals, per NB guidelines


Seller Comment (2021-06-04): Please clear.


Reviewer Comment (2021-05-06): Received
 07/07/2021 1 A WI Investment Refinance - Rate/Term D A C A     D A No
216127843 [redacted] [redacted] 23238500 Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Track Record Report not provided Missing track report; Loan application reflects REO owned. Reviewer Comment (2021-05-11): Property Management Questionnaire in file


Seller Comment (2021-05-10): Borrower owned this property as a FixNFLip loan with [redacted] One.
 05/11/2021 1 A WI Investment Refinance - Rate/Term D A C A     D A No
216127846 [redacted] [redacted] 23238519 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary valuation is missing. - Loan is to be securitized. Secondary valuation is missing Reviewer Comment (2021-06-08): Secondary Valuation has been received for both the mentioned properties. Exceptions Cleared.


Seller Comment (2021-06-03): uploaded


Reviewer Comment (2021-05-21): Nothing provided


Seller Comment (2021-05-19): uploaded
 06/08/2021 1 A Investment Refinance - Cash-out - Other D B C B     D A No
216127846 [redacted] [redacted] 23238520 Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided Both lease agreements are expired. Provide an updated lease agreement for both REOs. Reviewer Comment (2021-06-09): leases reflect month-to-month after the term has expired.


Seller Comment (2021-06-08): Uploaded leases that state on the first page that they will go month to month. Uploaded verifications of rental deposits for November and December as well.
 06/09/2021 1 A Investment Refinance - Cash-out - Other D B C B     D A No
216127846 [redacted] [redacted] 23238521 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided NB to review and approve Borrower's Experience/Track Record

Seasoned Borrower/Investor whose experience exceeds 10 completed projects.		 Reserves are over $[redacted] vs the minimum needed of $12K. Aggregator

Owner		 Reviewer Comment (2021-09-20): NB requests to waive.


Buyer Comment (2021-07-29): "OK to waive
Compensating Factors:
(CF9) 16 months of reserves is more than 3 months in excess of required minimum of 6 month
(CF11) DSCR of 1.36x is more than 1.30x."


Reviewer Comment (2021-07-21): FICO must be 40 or more points from the minimum. LTV must be[redacted]% or more from the max LTV. DSCR is 1.36 vs the minimum of 1.30.


Reviewer Comment (2021-07-21): per NB - "(CF1) 20 points above the minimum FICO required in guidelines
(CF9) More than 3 months in access of the minimum months of reserves required in guidelines
(CF11) DSCR is more than 1.30x
(CF 15) More than 5% below the maximum LTV required in guidelines"


Seller Comment (2021-06-04): The finding of fraud report is not an exception to [redacted]'s UW guidelines.
 07/29/2021 2 B Investment Refinance - Cash-out - Other D B C B     D A No
216127851 [redacted] [redacted] 23238543 Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided Reviewer Comment (2021-05-07): Received
 05/07/2021 1 A FL Investment Refinance - Cash-out - Other D A D A     D A No
216127851 [redacted] [redacted] 23238546 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 Reviewer Comment (2021-05-21): provided
 05/21/2021 1 A FL Investment Refinance - Cash-out - Other D A D A     D A No
216127851 [redacted] [redacted] 23238548 Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003 Error: Citizenship  was not provided - Citizenship status missing for Guarantor. Reviewer Comment (2021-05-07): Received application showing borrower as US Citizen


Seller Comment (2021-05-06): Uploaded App states US is country of citizenship.
 05/07/2021 1 A FL Investment Refinance - Cash-out - Other D A D A     D A No
216127851 [redacted] [redacted] 23238549 Credit Loan Package Documentation Closing / Title Collateral Security Instrument is not signed by borrower(s). Security Instrument Signature Page not provided. Reviewer Comment (2021-06-09): Received


Seller Comment (2021-06-07): Attached the recorded scanned documents. Signature page states the mortgagor has executed this mortgage so this is the signed copy of the mortgage, not assignment of leases and rents.


Reviewer Comment (2021-05-07): Received all pages of Security instrument but not signature page, instead received signature page of Assignment of Leases and Rents
 06/09/2021 1 A FL Investment Refinance - Cash-out - Other D A D A     D A No
216127851 [redacted] [redacted] 23238550 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided An electronic fraud detection report is required for each Guarantor to check for history of any incidents of financial fraud or dishonesty. In addition, the report(s) will validate the Guarantor's identity and Social Security number. Reviewer Comment (2021-06-09): Recevied


Seller Comment (2021-06-07): The finding of [fraud report] is not an exception to [redacted]'s UW guidelines


Reviewer Comment (2021-05-07): Received Background check, still missing Fraud report(s)
 06/09/2021 1 A FL Investment Refinance - Cash-out - Other D A D A     D A No
216127851 [redacted] [redacted] 23238551 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided Missing Property Management Questionnaire as required by Guidelines Reviewer Comment (2021-05-07): Received
 05/07/2021 1 A FL Investment Refinance - Cash-out - Other D A D A     D A No
216127856 [redacted] [redacted] 23238572 Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided Lease provided is expired Reviewer Comment (2021-06-09): Lease has a month to month clause and bank statements have been provided showing Section 8 deposits


Seller Comment (2021-06-07): Uploaded verification!


Reviewer Comment (2021-05-06): Received Lease, and although it has a clause stating it will turn into a month to month, there are no deposits on the bank statements matching $[redacted]to show it is still occupied


Seller Comment (2021-05-06): Uploaded
 06/09/2021 1 A FL Investment Refinance - Rate/Term D A C A     D A No
216127856 [redacted] [redacted] 23238574 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 Reviewer Comment (2021-05-21): provided
 05/21/2021 1 A FL Investment Refinance - Rate/Term D A C A     D A No
216127857 [redacted] [redacted] 23238575 Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided Lease provided is expired Reviewer Comment (2021-05-06): lease turns into Month to Month and acct [redacted] shows deposit of $[redacted] on [redacted]


Seller Comment (2021-05-06): Paragraph 1 of the lease - the last sentence says if the lease expirees without renewing, all current terms and conditions apply but term shall be month-to-month.
 05/06/2021 1 A FL Investment Refinance - Cash-out - Other D B C B     D A No
216127857 [redacted] [redacted] 23238577 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 Reviewer Comment (2021-05-21): provided
 05/21/2021 1 A FL Investment Refinance - Cash-out - Other D B C B     D A No
216127857 [redacted] [redacted] 23238579 Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. Lender elects to waive Owner,Originator Pre-Close Reviewer Comment (2021-04-15): Lender elects to waive
 04/15/2021 2 B FL Investment Refinance - Cash-out - Other D B C B     D A No
216127858 [redacted] [redacted] 23238586 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 Missing CDA. Reviewer Comment (2021-05-21): Received
 05/21/2021 1 A GA Investment Refinance - Cash-out - Other D A D A     D A No
216127858 [redacted] [redacted] 23238587 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided The Property Management Questionnaire is required to be completed by the Property Manager and returned with the accompanying Schedule of Properties under Management. Reviewer Comment (2021-05-06): Received


Seller Comment (2021-05-06): Uploaded
 05/06/2021 1 A GA Investment Refinance - Cash-out - Other D A D A     D A No
216127858 [redacted] [redacted] 23238590 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  AVM provided is invalid.  The FSD is greater than 0.2.; Sec ID: 12 Not provided on ProTeck AVM Reviewer Comment (2021-05-29): Valuation provided from Pro Teck is a Desk Review; not an AVM.
 05/29/2021 1 A GA Investment Refinance - Cash-out - Other D A D A     D A No
216127859 [redacted] [redacted] 23238581 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: 2 Reviewer Comment (2021-06-04): Secondary Valuation is received. Exception Cleared.


Seller Comment (2021-06-03): uploaded
 06/04/2021 1 A TN Investment Refinance - Cash-out - Other D A D A     D A No
216127859 [redacted] [redacted] 23238582 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided Reviewer Comment (2021-05-06): provided
 05/06/2021 1 A TN Investment Refinance - Cash-out - Other D A D A     D A No
216127859 [redacted] [redacted] 23238583 Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided Missing property management agreement Reviewer Comment (2021-05-06): provided
 05/06/2021 1 A TN Investment Refinance - Cash-out - Other D A D A     D A No
216571938 [redacted] [redacted] 24098963 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Processing Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Zero percent tolerance exceeded due to a valid change circumstance. Reviewer Comment (2021-10-05): Sufficient Cure Provided At Closing
 10/05/2021 1 A CA Primary Refinance - Rate/Term Final CD evidences Cure A A A A A A A A Non QM Non QM No
216571938 [redacted] [redacted] 24098964 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Warehousing Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Zero percent tolerance exceeded due to a valid change circumstance. Reviewer Comment (2021-10-05): Sufficient Cure Provided At Closing
 10/05/2021 1 A CA Primary Refinance - Rate/Term Final CD evidences Cure A A A A A A A A Non QM Non QM No
216571944 [redacted] [redacted] 24098980 Credit Credit Credit Documentation Credit Missing Document: Compliance Report (Mavent, ComplianceEase, etc.) not provided Reviewer Comment (2021-10-15): Received Compliance report. Exception Cleared.


Buyer Comment (2021-10-14): see compliance report added for your review
 10/15/2021 1 A CA Primary Purchase C A C A A A A A Non QM Non QM No
216571944 [redacted] [redacted] 24098982 Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus 10% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Ten Percent Fee Tolerance exceeded by $[redacted]. Lender credit of $[redacted], for increase in closing cost shows on Final CD, page 2. Reviewer Comment (2021-10-11): Sufficient Cure Provided At Closing
 10/11/2021 1 A CA Primary Purchase Final CD evidences Cure C A C A A A A A Non QM Non QM No
216571944 [redacted] [redacted] 24098983 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Zero Percent Fee Tolerance exceeded by $[redacted], for Appraisal Fee.  Lender credit of $[redacted], for increase in closing cost shows on Final CD, page 2. Reviewer Comment (2021-10-11): Sufficient Cure Provided At Closing
 10/11/2021 1 A CA Primary Purchase Final CD evidences Cure C A C A A A A A Non QM Non QM No
216571961 [redacted] [redacted] 24099119 Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance Violation TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of $-[redacted]  is less than amount of binding Lender Credit previously disclosed in the amount of $-[redacted]. Tolerance exceeded due to a valid change. Reviewer Comment (2021-10-21): [redacted] received CDs and COCs.


Buyer Comment (2021-10-20): Uploaded CD for  [redacted], [redacted], [redacted], and both on [redacted] and the disclosure tracking which includes the COC's for the CD's.


Reviewer Comment (2021-10-19): The cure is $[redacted] however please provide missing CDs as they  may update/address the exception.


Buyer Comment (2021-10-18): What should the cure amount be?


Reviewer Comment (2021-10-15): The provided COCs do not contain a COC for the decrease in lender credit which occurred on the [redacted] CD. Please provide valid change of circumstance detailing reason for decrease in lender credit on [redacted] CD, or cure docs consisting of corrected CD, LOE to borrower, copy of refund check and proof of mailing.


Buyer Comment (2021-10-14): COC pg. 16-21
 10/21/2021 1 A CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
216571961 [redacted] [redacted] 24099120 Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. Closing Disclosure not provided tp Borrower at least 3 business days prior to closing. Reviewer Comment (2021-10-21): [redacted] received CDs.


Buyer Comment (2021-10-20): Uploaded CD for  [redacted], [redacted], [redacted], and both on [redacted] and the disclosure tracking which includes the COC's for the CD's.


Reviewer Comment (2021-10-19): Please provide all CDs sent prior to [redacted] as disclosure summary indicates multiple however they are not in the loan file.


Buyer Comment (2021-10-18): Uploaded executed CD dated [redacted]


Reviewer Comment (2021-10-15): Disclosure tracking summary does not show a CD sent on [redacted]1. The [redacted] CD is in loan file. However it is unsigned, and there is no evidence of when the borrower received the disclosure. Using the mailbox rule does not meet the 3 day timing requirement.


Buyer Comment (2021-10-14): CD sent [redacted]. Refer to pg. 1 & 21
 10/21/2021 1 A CA Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
216572703 [redacted] [redacted] 24099522 Credit Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal not provided Missing full appraisal report supporting $[redacted] valuation amount Reviewer Comment (2021-10-13): Received AS IS Appraisal dated :- [redacted] with a value of $[redacted]. Also we have Appraiser's comment property is not affected by any recent Disaster. Exception Cleared.
 10/13/2021 1 A CA Primary Purchase D B D B A A D A Non QM Non QM No
216572703 [redacted] [redacted] 24099523 Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided Borrower has no verified housing history.  Borrower lives rent free at current residence. Borrowers without mortgage or rental housing history including borrowers living rent free are not eligible but will be considered on an exception basis. The representative FICO score exceeds the guideline minimum by at least 40 points.

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

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

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

Owner

Owner

Owner,Originator		 Reviewer Comment (2021-10-20): Comp factors used to waive exception


Reviewer Comment (2021-10-14): Lender's Exception is needed in the file to consider borrower is living rent free. Exception remains.
 10/20/2021 2 B CA Primary Purchase D B D B A A D A Non QM Non QM No
216572703 [redacted] [redacted] 24099524 Credit Title General Title Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2021-10-13): Received Final Title Policy with policy amount $[redacted]. Hence Exception cleared.
 10/13/2021 1 A CA Primary Purchase D B D B A A D A Non QM Non QM No
216572703 [redacted] [redacted] 24099525 Credit Title General Title Title Policy Coverage is less than Original Loan Amount. Preliminary reflects a $[redacted] proposed title policy amount.  Missing amended title report or supplement indicating a minimum $[redacted] proposed amount is not in file. Reviewer Comment (2021-10-13): Received Final Title Policy with policy amount $[redacted]. Hence Exception cleared.
 10/13/2021 1 A CA Primary Purchase D B D B A A D A Non QM Non QM No
216572703 [redacted] [redacted] 24099526 Credit Title General Title Final Title Policy Coverage is less than Original Loan Amount. Preliminary reflects a $[redacted] proposed title policy amount.  Missing amended title report or supplement indicating a minimum $[redacted] proposed amount is not in file. Reviewer Comment (2021-10-13): Received Final Title Policy with policy amount $[redacted]. Hence Exception cleared.
 10/13/2021 1 A CA Primary Purchase D B D B A A D A Non QM Non QM No
216572703 [redacted] [redacted] 24099527 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Reviewer Comment (2021-10-28): Cleared
 10/28/2021 1 A CA Primary Purchase D B D B A A D A Non QM Non QM No
216572703 [redacted] [redacted] 24099528 Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. Reviewer Comment (2021-10-20): Received PDI dated [redacted] & NO damage was found to subject property. Exception CLeared
 10/20/2021 1 A CA Primary Purchase D B D B A A D A Non QM Non QM No
216572703 [redacted] [redacted] 24099529 Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  Appraisal is missing.; Sec ID: 1 Reviewer Comment (2021-10-13): Received AS IS Appraisal dated :- [redacted] with a value of $[redacted]. Also we have Appraiser's comment property is not affected by any recent Disaster. Exception Cleared.
 10/13/2021 1 A CA Primary Purchase D B D B A A D A Non QM Non QM No
216572703 [redacted] [redacted] 24099532 Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Appraisal is required to be in name of Lender - Need Receiving Lender's Approval. Reviewer Comment (2021-10-20): cleared


Reviewer Comment (2021-10-20): We need Lender's Approval as well along with Transfer letter. Exception remains.


Buyer Comment (2021-10-18): Uploaded appraisal transfer letter


Reviewer Comment (2021-10-18): Agreed to your point but that were related to Appraisal Missing request. This exception is related to the Lender name on the Appraisal which is different. Hence, we need Lender's Approval on this. Exception remains.


Buyer Comment (2021-10-14): Property/Value - Appraisal Missing/Incomplete/Incorrect exception cleared on [redacted].
 10/20/2021 1 A CA Primary Purchase D B D B A A D A Non QM Non QM No
216572708 [redacted] [redacted] 24099639 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. 0% tolerance exceeded by $[redacted] due to Loan Discount Points Fee increase. No Valid Changed Circumstance provided, and the cure on the Final CD was not sufficient to cure all tolerance issues. Reviewer Comment (2021-10-19): [redacted] received Cd dated [redacted] along with valid  COC dated [redacted]1 with reason why the Loan Discount Point fee was increased on the CD dated [redacted] hence after review the exception was cleared.


Buyer Comment (2021-10-18): see complete [redacted] CD


Reviewer Comment (2021-10-13): [redacted] received a valid COC on [redacted] and also received CD Page 2 from [redacted] CD. However, we also required Page 1, 3, 4 & 5, which is missing in file. Please provide completed pages of CD on [redacted] or required valid COC for the fee increased on CD dated [redacted]. Otherwise Cure is required in order to cure this exception.


Buyer Comment (2021-10-13): see page 2 of the [redacted] CD which confirm the correct COC was provided as the discount points increased to $[redacted]


Reviewer Comment (2021-10-12): [redacted] received COC dated [redacted] but Loan discount points increased on CD dated [redacted]. Please provide CD disclosed corresponding to [redacted] COC or provide cure. Cure consists of corrected CD, LOE to borrower, proof of mailing, and copy of refund check.


Buyer Comment (2021-10-12): see COC
 10/19/2021 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C A A A Non QM Non QM Yes
216572708 [redacted] [redacted] 24099640 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Mortgage Broker Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. 0% tolerance exceeded by $[redacted] due to Mortgage Broker Fee increase. No Valid Changed Circumstance provided, and the cure on the Final CD was not sufficient to cure all tolerance issues. Reviewer Comment (2021-10-19): [redacted] received Cd dated [redacted] along with valid  COC dated [redacted] with reason why the Mortgage Broker Fee was increased on the CD dated [redacted] hence after review the exception was cleared.


Buyer Comment (2021-10-18): see complete [redacted] CD


Reviewer Comment (2021-10-13): [redacted] received a valid COC on [redacted] and also received CD Page 2 from [redacted] CD. However, we also required Page 1, 3, 4 & 5, which is missing in file. Please provide completed pages of CD on [redacted] or required valid COC for the fee increased on CD dated [redacted]. Otherwise Cure is required in order to cure this exception.


Buyer Comment (2021-10-12): Valid COC was provided, please see CD p2 from [redacted] confirming Broker Fee increased proportionally to [redacted] when loan amount increased - please clear or escalate


Buyer Comment (2021-10-12): see CD p2 from [redacted] confirming discount increased to [redacted] or $[redacted] as cited in finding - please clear or escalate


Reviewer Comment (2021-10-12): [redacted] received COC dated [redacted] but Mortgage Broker Fee increased on CD dated [redacted]. Please provide CD disclosed corresponding to [redacted] COC or provide cure. Cure consists of corrected CD, LOE to borrower, proof of mailing, and copy of refund check.


Buyer Comment (2021-10-12): see COC
 10/19/2021 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C A A A Non QM Non QM Yes
216572708 [redacted] [redacted] 24099641 Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower. 0% tolerance exceeded by $[redacted] due to Credit Report Fee increase. No Valid Changed Circumstance provided, and the cure on the Final CD was not sufficient to cure all tolerance issues. Reviewer Comment (2021-10-12): [redacted]: Sufficient cure provided at closing.


Buyer Comment (2021-10-12): According to section J of the CD provided in the credit file, sufficient cure was provided at closing
 10/12/2021 1 A CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C B C A A A Non QM Non QM Yes
216572708 [redacted] [redacted] 24099642 Credit Income / Employment Income Documentation Missing Document REO Documents are missing. - Missing recent lease Agreement for the property address [redacted].  The file includes leases for the following units:  [redacted] and one that doesn't specify a unit.  Clarity how many units for this property are rented.  Only $[redacted] of the $[redacted] gross rents indicated on the application are documented in the loan file.  The [redacted] property is also missing a valid lease for one of the units to verify the total gross rents of $[redacted]One lease was for month to month and the other unit/lease was for a specific term, which expired [redacted].  Provide current lease for this unit. Reviewer Comment (2021-11-04): Using only the lease amount of [redacted]that is verified


Buyer Comment (2021-11-03): DTI is only [redacted]% without additional rental income.


Reviewer Comment (2021-10-19): Documents provided were already in file and do not indicate there is a Month to Month lease. Please provide the month to month lease, the Month to Month sections are not completed and the leases have expired.


Buyer Comment (2021-10-18): See Month to Month lease for [redacted]
 11/04/2021 1 A CA Primary Refinance - Cash-out - Other C B C B C A A A Non QM Non QM No
216572708 [redacted] [redacted] 24099643 Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Policy is verified as Preliminary. Reviewer Comment (2021-11-03): Cleared
 11/03/2021 1 A CA Primary Refinance - Cash-out - Other C B C B C A A A Non QM Non QM No
216572708 [redacted] [redacted] 24099645 Credit Credit Miscellaneous Guideline Credit Exception: Allow Rental income on borrower's three rental properties documented with leases and Bank statements from [redacted] through [redacted] reflecting varied deposit amounts (and no June deposits, as borrower was unable to go to the bank due to having Covid) vs. program requirement to verify rental income documented with a lease by including borrower bank statements, which show three months of rent receipts. The representative FICO score exceeds the guideline minimum by at least 40 points.

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

The qualifying DTI on the loan is at least 10% less than the guideline maximum.		 DTI is [redacted]%, [redacted]% < program maximum of 50% Owner

Owner

Owner,Originator		 Reviewer Comment (2021-10-11): Compensating Factors used to waive Exception.
 10/11/2021 2 B CA Primary Refinance - Cash-out - Other C B C B C A A A Non QM Non QM No
216572708 [redacted] [redacted] 24099646 Credit Title General Title Final Title Policy Coverage is less than Original Loan Amount. Reviewer Comment (2021-10-19): Received required documentation. Cleared.


Buyer Comment (2021-10-12): see final policy
 10/19/2021 1 A CA Primary Refinance - Cash-out - Other C B C B C A A A Non QM Non QM No
216572708 [redacted] [redacted] 24099647 Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing. Reviewer Comment (2021-10-19): Sufficient Cure Provided At Closing
 10/19/2021 1 A CA Primary Refinance - Cash-out - Other Final CD evidences Cure C B C B C A A A Non QM Non QM Yes