Original Loan Amount

Exception Sub-Category

Exception Information

Compensating Factors

Exception Remediation

Reviewed with Exceptions

C0606EF0-225A-4DC0-B768-3729209AA648

* Application Missing (Lvl 3)

The initial 1003 is missing.

Reviewed with Exceptions

53246370-71EC-4EC4-B8F0-7FB37F85ACCD

Good Faith Estimate missing or unexecuted

* Good Faith Estimate missing or unexecuted (Lvl 3)

The final GFE is missing.

Reviewed with Exceptions

0B4920AC-BB6D-4939-83E5-6379C7C72C9A

HUD-1 Closing Statement missing or unsigned

* HUD-1 Closing Statement missing or unsigned (Lvl 3)

The loan file is missing the HUD-1.

Reviewed with Exceptions

FA061ADB-E508-4430-92B9-DEB12C599137

* Application Missing (Lvl 3)

The loan file is missing the initial application.

Reviewed with Exceptions

54102A42-1584-47F9-9AF5-1933789F9E2B

Loan program disclosure missing or unexecuted

* Loan program disclosure missing or unexecuted (Lvl 3)

The Note has a Balloon Feature and the loan file is missing the initial Balloon Disclosure.

Reviewed with Exceptions

C48697C8-7FB1-4BDE-A23E-244AB349F967

Notice of Servicing Transfer missing or unexecuted

* Notice of Servicing Transfer missing or unexecuted (Lvl 3)

The loan file did not contain the initial Servicing Transfer disclosure.

Reviewed with Exceptions

EBD8D76D-8118-48C1-8AB0-D78DBC4B8E7B

Notice of Servicing Transfer missing or unexecuted

* Notice of Servicing Transfer missing or unexecuted (Lvl 3)

The initial Notice of Servicing Transfer disclosure is missing.

Reviewed with Exceptions

8A892BEE-CCD6-47E0-A505-D393CACD8C5B

Notice of Servicing Transfer missing or unexecuted

* Notice of Servicing Transfer missing or unexecuted (Lvl 3)

The loan file is missing the servicing transfer disclosure.

Reviewed with Exceptions

BEBAD99B-90A8-402C-B6BA-F216A240A7CA

* Missing Documentation (Lvl 3)

The loan file is missing the first lien Note.

Reviewed with Exceptions

2: Acceptable with Warnings

F3779B93-7D6D-450D-90CF-F348C0AB2A85

ComplianceEase TILA Test Failed

* ComplianceEase TILA Test Failed (Lvl 2)

This loan failed the TILA finance charge test. (12 CFR §1026.18(d)(1), transferred from 12 CFR §226.18(d)(1)). The finance charge is $284,800.08. The disclosed finance charge of $268,275.61 is not considered accurate because it is understated by more than $100. Loan data reflects $268,275.61 whereas the comparison data is $284,800.08 resulting in an under-disclosure of $16,524.47.

This loan failed the TILA rescission finance charge test. (12 CFR §1026.23(g)(1), transferred from 12 CFR §226.23(g)(1)). The finance charge is $284,800.08. The disclosed finance charge of $268,275.61 is not considered accurate for purposes of rescission because it is understated by more than 1/2 of 1 percent of the face amount of the note or $100, whichever is greater. Loan data reflects $268,275.61 whereas the comparison data is $284,800.08 resulting in an under-disclosure of $16,524.47.

This loan failed the TILA APR test. (12 CFR §1026.22(a)(2), (4), transferred from 12 CFR §226.22(a)(2), (4)). The annual percentage rate (APR) is 7.820%. The disclosed APR of 7.539% is not considered accurate because it is more than 1/8 of 1 percentage point above or below the APR as determined in accordance with the actuarial method. Loan data reflects 7.539% whereas the comparison data is 7.820% resulting in an under-disclosure of 0.281%. The statute of limitations has expired downgraded based on Client Compliance Profile.

Reviewed with Exceptions

11D463F5-E690-4819-A4CF-ABD48F7F0E92

Loan program disclosure missing or unexecuted

* Loan program disclosure missing or unexecuted (Lvl 3)

The loan file is missing the balloon program dislcosure.

Reviewed with Exceptions

8C25843D-7ADA-443A-AAAE-DAFCF022F36D

Prepayment Rider Missing

* Prepayment Rider Missing (Lvl 3)

The Mortgage is missing the Prepayment Penalty Rider and the Note has a Prepayment Penalty.

Reviewed with Exceptions

CA64AF11-8787-4018-8B6F-6B945F725961

Final 1003 is Missing

* Final 1003 is Missing (Lvl 3)

The loan file did not contain the final application.

Reviewed with Exceptions

DA286151-17D3-4B55-AC3D-CDDEC91A397D

Balloon Rider Missing

* Balloon Rider Missing (Lvl 3)

The required Balloon Rider is misisng.

Reviewed with Exceptions

10281CBC-B7A0-4F11-9B24-D30C5C2B91C0

Notice of Servicing Transfer missing or unexecuted

* Notice of Servicing Transfer missing or unexecuted (Lvl 3)

The notice of servicing transfer is not found in the file.

Reviewed with Exceptions

FDB24113-AB3D-4E90-B37D-1F6C9C97256C

Notice of Servicing Transfer missing or unexecuted

* Notice of Servicing Transfer missing or unexecuted (Lvl 3)

The loan file is a fixed rate second lien and is missing the Notice of Servicing Transfer.

Reviewed with Exceptions

2: Acceptable with Warnings

E449543B-A071-4451-9FE4-27D02525F09D

ComplianceEase TILA Test Failed

* ComplianceEase TILA Test Failed (Lvl 2)

This loan failed the initial TIL disclosure date test due to one of the following: ( 12 CFR §1026.17(b),1026.19(a), transferred from 12 CFR §226.17(b) , 226.19(a). The loan is a "residential mortgage transaction" subject to the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.); and the initial TIL disclosure date is before consummation or three business days after the creditor receives the consumer's written application, whichever is earlier. The statute of limitations has expired downgraded based on Client Compliance Profile.

Reviewed with Exceptions

59D4F2EC-B190-47D9-8639-709CE9978C7B

Good Faith Estimate missing or unexecuted

* Good Faith Estimate missing or unexecuted (Lvl 3)

The final GFE is misisng.

Reviewed with Exceptions

DEA1E8E4-A1CB-41F0-A989-5CA595472DD0

* Application Missing (Lvl 3)

The initial application is not found in the file.

Reviewed with Exceptions

2: Acceptable with Warnings

2CE9C0DF-1F20-4D3B-AFA0-9464ADBD6D48

* Missing initial TIL disclosure (Lvl 2)

The loan is missing the initial TIL and unable to test for timing of disclosure date. The statute of limitations has expired downgraded based on Client Compliance Profile.

Reviewed with Exceptions

1CE55178-FF67-40A4-BBDA-6BD73331ED9B

Balloon Rider Missing

* Balloon Rider Missing (Lvl 3)

The subject loan has a balloon payment; however, the mortgage is missing the balloon rider.

Reviewed with Exceptions

82D2DC81-321E-4A34-87A5-47A328F8CBA1

Notice of Servicing Transfer missing or unexecuted

* Notice of Servicing Transfer missing or unexecuted (Lvl 3)

The notice of servicing transfer is not found in the file.

Reviewed with Exceptions

F709E18B-6DDA-4BF7-86A0-3F0AE9C81FD5

Balloon Rider Missing

* Balloon Rider Missing (Lvl 3)

The balloon rider attached to the mortgage is missing.

Reviewed with Exceptions

57919B22-26E7-478E-8D9C-EC4301AD34EC

Prepayment Rider Missing

* Prepayment Rider Missing (Lvl 3)

The prepayment rider is not found in the file and per original note addendum there is a prepayment penalty.

Reviewed with Exceptions

8ADBA5A8-FBA4-42E8-923B-F55DA243D17F

Transmittal (1008) is Missing

* Transmittal (1008) is Missing (Lvl 3)

The 1008 is not found in the file.

Reviewed with Exceptions

2: Acceptable with Warnings

578EEBF8-49E0-4CCD-A1D1-AF76D5B45310

Final TIL Missing or Not Executed

* Final TIL Missing or Not Executed (Lvl 2)

The final TIL is unexecuted. The statute of limitations has expired downgraded based on Client Compliance Profile

Reviewed with Exceptions

87D2E256-8231-49B1-B01A-0274B2D1B293

* Missing Appraisal (Lvl 3)

The appraisal is missing from the loan file.

Reviewed with Exceptions

AA8D2ACE-3873-42A1-905C-B49C3637332E

* Application Missing (Lvl 3)

The initial application is missing.

Reviewed with Exceptions

DF4FA1C0-07C5-4BDC-BDBE-7EB8FCE0BD61

Prepayment Rider Missing

* Prepayment Rider Missing (Lvl 3)

The prepayment rider is not found in the file and per note addendum there is a prepayment penalty.

Reviewed with Exceptions

DEA6DF8F-B47D-4C1D-85A1-AAFFF9BF6046

* Application Missing (Lvl 3)

The initial 1003 is missing from the file.

Reviewed with Exceptions

939259F1-BE95-463F-ABA0-9D1BF696458A

TIL transaction date missing

* TIL transaction date missing (Lvl 3)

The loan file did not contain a final TIL; however, the estimated TIL was used for the points and fees test.

Reviewed with Exceptions

BDD995FF-BD71-4939-B654-2F321327F397

Note data is missing or inaccurate

* Note data is missing or inaccurate (Lvl 3)

The file is missing a copy of the first lien note.

Reviewed with Exceptions

E3DA2D22-A8AE-432B-B4DA-58D4D7088C1A

Notice of Servicing Transfer missing or unexecuted

* Notice of Servicing Transfer missing or unexecuted (Lvl 3)

The initial Notice of Servicing Transfer disclosure is missing.

Reviewed with Exceptions

6C15326D-B363-453B-8BF1-6796BB09522B

Loan program disclosure missing or unexecuted

* Loan program disclosure missing or unexecuted (Lvl 3)

The loan file did not contain the initial loan program disclosure; loan has a balloon payment.

Reviewed with Exceptions

034DC518-7212-4F9B-9CAE-BC05E96DFE43

Notice of Servicing Transfer missing or unexecuted

* Notice of Servicing Transfer missing or unexecuted (Lvl 3)

The loan file is missing the loan servicing transfer disclosure.

Reviewed with Exceptions

4B4D9586-F78F-4AAE-9406-8F7173B2AC80

Final 1003 is Missing

* Final 1003 is Missing (Lvl 3)

The loan file did not contain the final application.

Reviewed with Exceptions

1FB53DF1-284F-4A54-8519-E8F57F49B1FF

Balloon Rider Missing

* Balloon Rider Missing (Lvl 3)

The balloon rider attached to the mortgage is missing.

Reviewed with Exceptions

2: Acceptable with Warnings

E719988C-6D81-462E-9744-C8D30456D174

ComplianceEase TILA Test Failed

* ComplianceEase TILA Test Failed (Lvl 2)

This loan failed the TILA right of rescission test. Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) )The funding date is before the third business day following consummation. The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. The statute of limitations has expired downgraded based on Client Compliance Profile.

Reviewed with Exceptions

C83EF2B0-4E12-4959-977B-ECE7CA5C6CBE

Loan program disclosure missing or unexecuted

* Loan program disclosure missing or unexecuted (Lvl 3)

The loan file did not contain the initial loan program disclosure; loan has a balloon payment.

Reviewed with Exceptions

FB735862-F352-4955-9B00-A08643282852

Not all borrowers signed HUD

* Not all borrowers signed HUD (Lvl 3)