GS Loan ID

Seller ID Number

Finding ID

Deal Num

Investor Loan Number

Deal Specific Name

Exception ID

Last Name

Loan Purpose

Occupancy

Note Date

State

Original Loan Amount

Loan Status

Exception Date

Exception Type

Exception Subcategory

Exception Status

Exception Status Change Date

Exception Grade

Exception

Exception Information

Exception Rebuttal

Exception Rebuttal Date

Compensating Factors

Statute of Limitation Date

Assigned To

Status Comment

DR Response Date

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

The loan is in compliance with all applicable laws and regulations

Cleared

Compliance

The loan is in compliance with all applicable laws and regulations.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The ARR supported origination value within XXX%.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

ARR ordered and returned a value of $XXXX which supports the OA value of $XXXX with X% variance.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

The loan is in compliance with all applicable laws and regulations

Cleared

Compliance

The loan is in compliance with all applicable laws and regulations.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

QM - Rebuttable Presumption (HPML)

Resolved

Compliance

This loan does not qualify for a safe harbor level of compliance with the qualified mortgage rule. (12 CFR §1026.43(b)(4), (e)(1))This loan does not qualify for a safe harbor. The loan has an APR of XX%. The APR threshold to qualify for a safe harbor is XX%. A creditor or assignee of a qualified mortgage, that is not a higher-priced covered transaction, complies with the repayment ability requirements of paragraph (c) of this section. A creditor or assignee of a qualified mortgage, that is a higher-priced covered transaction, is presumed to comply with the repayment ability requirements of paragraph (c) of this section.Higher-priced covered transaction means a covered transaction with an annual percentage rate that exceeds the average prime offer rate for a comparable transaction as of the date the interest rate is set by 1.5 or more percentage points for a first-lien covered transaction, or by 3.5 or more percentage points for a subordinate-lien covered transaction.

Documentation providedDocumentation providedDocumentation provided XX- HB- HBFS allows HPML loans to close with additional loan levelrestrictions. This file meets HBFS policy and Federalrequirements. This loan file meets the federal ability to repay testfully documents the borrowers income and has FNMA DU Approve/Eligible findings;transaction is a fixed rate with no balloon feature; contains escrows for taxesand insurance. The HBFS HPML policy is bening provided

Rebuttal (XX/XX/XXXX 12:20PM)Rebuttal (XX/XX/XXXX 1:31PM)Rebuttal (XX/XX/XXXX 12:49PM)

The provided documentation is insufficient to cure the finding. Please provide rate lock agreement for review. (Upheld)The documentation/information provided is not sufficient to cure the finding. The Lock Date of XX/XX/XXXX is the one being used for testing. This loan does not qualify for a safe harbor level of compliance with the qualified mortgage rule. (12 CFR §1026.43(b)(4), (e)(1)). This loan does not qualify for a safe harbor. The loan has an APR of XX%. The APR threshold to qualify for a safe harbor is XX%. (Upheld)The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 12:22PM)Response (XX/XX/XXXX 1:34PM)Response (XX/XX/XXXX 12:50PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

ARR ordered and returned a value of $XXXX which supports the OA value of $XXXX with X% variance.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

AUS Final Approval mismatch

Resolved

Credit

The AUS final approval data does not match the 1003/1008 and/or file documents. The AUS dated XX/XX/XXXX reflects a DTI of XX% and monthly other payments of $XXX. The 1008/1003 reflects monthly other payments of $XXX (due to the addition of back property taxes of $XXX per month). The 1008 does not reflect the borrower's income from the 2nd job per the 1003 of $XXX. If the income from the 2nd job is included to 1008 figures it results in a DTI of XX% which is line with the audit DTI of XX%. It appears that the final AUS with all other monthly payments of $XXX and a DTI of XX% is not provided in the loan file to match the 1008/1003 as required.

DU Approve/Eligible Casefile ID XXXX submission number X with DTI of XX% which matches 1008/1003 provided.

Rebuttal (XX/XX/XXXX 5:57PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 5:58PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

The loan is in compliance with all applicable laws and regulations

Cleared

Compliance

The loan is in compliance with all applicable laws and regulations.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

REO Rental Income Calc

Resolved

Credit

The rental income was not properly calculated resulting in a recalculated DTI that exceeds allowable tolerance. The Lender did not include the mortgage payments for the rental properties while calculating the REO rental income. By including the mortgage payments the audit DTI increased from XX% to XX%.

Rental income correctly calculated with mortgage included in expenses and updated 1008, LP Approval provided.

Rebuttal (XX/XX/XXXX 3:15PM)

LP Approval dated XX/XX/XXXX with an ID of XXXX with an Accept rating provided with corrected net rental income input to AUS. (Resolved)

Response (XX/XX/XXXX 3:17PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The ARR supported origination value within XXX%.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Debt Consolidation- Proceeds used to pay

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

The loan is in compliance with all applicable laws and regulations

Cleared

Compliance

The loan is in compliance with all applicable laws and regulations.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Debt Consolidation- Proceeds used to pay

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Debt Consolidation- Proceeds used to pay

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The ARR supported origination value within XXX%.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX, at consummation; however, per the ALTA statement, the consumer owed $XXXX. The fees appear to be in the following sections: B, F and H. The fees in Section B are subject to tolerance and decreased and section F and H are not subject to tolerance.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The ARR supported origination value within XXX%.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

The loan is in compliance with all applicable laws and regulations

Cleared

Compliance

The loan is in compliance with all applicable laws and regulations.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The ARR supported origination value within XXX%.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Debt Consolidation- Proceeds used to pay

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

Federal Testing

Resolved

Compliance

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.

Borrower signed docs on X/XX RTC expired midnight of X/XX, loan funded on X/XX.

Rebuttal (XX/XX/XXXX 11:43AM)

The final CD and Closing Instructions show the disbursement date as XX/XX/XXXX. Documentation must be provided that reflects the correct disbursement date. (Upheld)The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 11:49AM)Response (XX/XX/XXXX 4:12PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Debt Consolidation- Proceeds used to pay

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/Disbursement Date

Resolved

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(3)(iii). No rebuttal response required. Investor accepts

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Debt Consolidation- Proceeds used to pay

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Closing Date when compared to the notary signature date on the Security Instrument. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(3)(ii)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Debt Consolidation- Proceeds used to pay

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

Subordination Agreement

Resolved

Credit

All existing subordinate financing must be resubordinated. The loan file contained evidence that the mortgage being satisfied on the Closing Disclosure was a revolving Home Equity Line of Credit however, the signed closure letter was not provided in the loan file as required.

Signed and authorized HELOC Closure letter for XXXX HELOC provided.

Rebuttal (XX/XX/XXXX 2:38PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 2:39PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Debt Consolidation- Proceeds used to pay

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The ARR supported origination value within XXX%.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/Disbursement Date

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in Lending Act (Regulation Z) 12 CFR 1026.38(a)(3)(iii)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD ' Transaction Information/Buyer Info

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Borrower's address when compared to the Note. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(4)(I)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD- premiums Optional

Acknowledged

Compliance

The Home Warranty on the CD issued on XX/XX/XXXX is not followed by the word 'Optional'. Items that disclose any premiums paid for separate insurance, warranty, guarantee, or event-coverage products not required by the creditor must include the parenthetical description '(Optional)' at the end of the label. Truth in Lending Act (Regulation Z) 12 CFR 1026.38(g)(4)(ii); 12 CFR 1026.37(g)(4)(ii) & Official Comment 37(g)(4)-3

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The Post-Consummation Closing Disclosure issued on XX/XX/XXXX reflects a $XXXX reduction to the amount paid by borrower when compared to the certified Alta Statement issued on XX/XX/XXXX. The file did not contain evidence that the consumer received the difference.

Documentation provided

Rebuttal (XX/XX/XXXX 8:18AM)

The provided documentation is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 8:20AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The ARR supported origination value within XXX%.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The ARR supported origination value within XXX%.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Revised CD - No Waiting Period

Resolved

Compliance

As a result of the documentation provided, this loan now failed the revised Closing Disclosure delivery date test (no waiting period required). Without evidence of receipt, it is assumed that the disclosure dated XX/XX/XXXX was mailed, and therefore not received by the consumer prior to consummation. Per regulation, it is the creditor's responsibility to provide disclosures prior to consummation. If disclosure was delivered electronically please provide evidence of receipt.

Signed CD provided.

Rebuttal (XX/XX/XXXX 5:07PM)

The documentation provided is sufficient to clear the violation. (Resolved)

Response (XX/XX/XXXX 5:08PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX after providing funds to close in the amount of $XXXX. The fees appear to be in the following sections: C, E and F. The fees are subject to tolerance.

Documentation provided

Rebuttal (XX/XX/XXXX 9:46AM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 9:47AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The ARR supported origination value within XXX%.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

VVOE required

Resolved

Credit

A VVOE is required within 10 days of Note date. The Note date is XX/XX/XXXX. The VVOE in the file dated XX/XX/XXXX for the borrower is expired.

VVOE dated XX/XX/XXXX was provided.

Rebuttal (XX/XX/XXXX 5:24PM)

Documentation provided was sufficient. (Resolved)

Response (XX/XX/XXXX 5:26PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

Subordination Agreement

Resolved

Credit

All existing subordinate financing must be closed or resubordinated. The existing HELOC was to be paid and closed; however, the loan file does not contain a closure letter/authorization.

Signed and authorized HELOC Closure letter provided.

Rebuttal (XX/XX/XXXX 7:32AM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 7:34AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

The loan is in compliance with all applicable laws and regulations

Cleared

Compliance

The loan is in compliance with all applicable laws and regulations.

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Resolved

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The ARR supported origination value within XXX%.

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/Disbursement Date

Resolved

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in Lending Act (Regulation Z) 12 CFR 1026.38(a)(3)(iii)

Updated PCCD Provided

Rebuttal (XX/XX/XXXX 2:40PM)

The updated PCCD has been provided. The document provided is sufficient to clear the exception.

Response (XX/XX/XXXX 2:44PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer received $XXX at disbursement; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: < Enter the Section that increased E, F, and payoffs. The fees is section E are subject to tolerance but decreased on the ALTA statement.

An explanation letter, PCCD and reimbursement check have been provided.

Rebuttal (XX/XX/XXXX 3:14PM)

Documents provided are sufficient to cure the exception. (Resolved)

Response (XX/XX/XXXX 3:15PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

RTC- new creditor (H8) version required

Resolved

Compliance

The consumer(s) were provided the incorrect RTC version. The consumer is refinancing with a new creditor; however, the version provided is for a refinance with the same creditor. Version H-9 was provided; Version H-8 was required. Rescission is required to be re-opened. Truth in Lending Act (Regulation Z) 12 CFR 1026.23(b)(1)(v), (a)

Documents provided

Rebuttal (XX/XX/XXXX 11:16AM)

Rescission has been reopened, new rescission ended on XX/XX/XXXX Document is sufficient to clear the exception. (Resolved)

Response (XX/XX/XXXX 11:14AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

Debts Not verified on credit report

Resolved

Credit

The subject mortgage was transferred from another lender X/XXXX and new lender not reflected on current credit report. AUS requires verification of payment history to confirm not currently 60 days or more past due. Most recent 2 months payment history is not provided.

Credit supplement dated XX/XX/XXXX with mortgage updates verifying no late payments.

Rebuttal (XX/XX/XXXX 8:31AM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 8:32AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The ARR supported origination value within XXX%.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD - Calculating Cash to Close LE column

Acknowledged

Compliance

The Cash to Close on the CCTC table on page 3 of the CD issued on XX/XX/XXXX in the LE column does not match the Estimated Cash to Close on the CCTC table (page 2) of the revised LE issued on XX/XX/XXXX.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

A retro 2055 was ordered which supported a value of $XXX, which was a XX% variance from the OA value of $XXXX.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

The loan is in compliance with all applicable laws and regulations

Cleared

Compliance

The loan is in compliance with all applicable laws and regulations.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed and certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation (after providing funds to close in the amount of $XXXX; however, per the ALTA statement, the consumer owed $XXXX. The fees appear to be in the following sections: Section C and E. The fees are subject to tolerance but decreased.

See attached.

Rebuttal (XX/XX/XXXX 11:19AM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 11:30AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

The loan is in compliance with all applicable laws and regulations

Cleared

Compliance

The loan is in compliance with all applicable laws and regulations.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD - Settlement Agent License

Acknowledged

Compliance

The license number is missing for the Settlement Agent Company on the last revised CD issued on XX/XX/XXXX. Truth in Lending Act (Regulation Z) 12 CFR 1026.38(r)(3), (5)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer received/owed $XXXX at consummation; however, per the ALTA statement, the consumer owed/received $XXXX. The fees appear to be in the following sections: C and E. The fees are not subject to tolerance.

See attached

Rebuttal (XX/XX/XXXX 4:17PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 4:18PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

The loan is in compliance with all applicable laws and regulations

Cleared

Compliance

The loan is in compliance with all applicable laws and regulations.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii), creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer owed $XXXX. The fees appear to be in Sections B & F. The fees in section B are subject to tolerance but decreased and the fees in section F are not subject to tolerance.

Attached letter

Rebuttal (XX/XX/XXXX 2:17PM)

The letter provided is not sufficient to cure the finding. The ALTA statement does not match the revised CD issued on XX/XX/XXXX. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer owed $XXXX.

Response (XX/XX/XXXX 4:02PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/Disbursement Date

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in Lending Act (Regulation Z) 12 CFR 1026.38(a)(3)(iii)

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer received/owed $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX. The fee appears to be in Section F. The fee is not subject to tolerance.

See attached

Rebuttal (XX/XX/XXXX 11:08AM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 11:09AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

A retro 2055 was ordered which supported a value of $XXXX which was a XX% variance from the OA value of $XXXX.

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

Income Docs

Resolved

Credit

The Borrower was qualified with monthly alimony income of $XXXX. The loan file contained an Attorney letter and Divorce decree indicating the borrower was to receive $XXXX per month; however, the loan file did not contain proof of receipt for the most recent 6 months as required by DU. Without the use of this alimony income the DTI increases from XX% to XX%.

Attorney's letter, Order for Spousal Support, Support checks and receipt for 6 months provided.

Rebuttal (XX/XX/XXXX 2:27PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 2:28PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD - Settlement Agent License

Acknowledged

Compliance

The license number is missing for the Settlement Agent Individual Contact on the last revised PCCD issued on XX/XX/XXXX. Truth in Lending Act (Regulation Z) 12 CFR 1026.38(r)(3), (5)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Home Improvement/Renovation

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Home Improvement/Renovation

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

VVOE required

Resolved

Credit

A VVOE is required within 120 days of Note date. No VVOE is in evidence in the file or it is expired. The co-borrower is self-employed and the loan file contained a Tax Registration Certificate issued on XX/XX/XXXX; however, it is not dated within 120 calendar days prior to the note date of XX/XX/XXXX as required.

VVOE dated XX/XX/XXXX was provided.

Rebuttal (XX/XX/XXXX 1:11PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 1:13PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Home Improvement/Renovation

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Home Improvement/Renovation

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer received $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: C and E. The fees are not subject to tolerance.

attached

Rebuttal (XX/XX/XXXX 2:47PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 4:29PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

Income Docs

Resolved

Credit

The income/employment is not documented properly according to guides. For loans delivered after the borrower starts new employment, the lender must obtain a paystub from the borrower that includes sufficient information to support the income used for qualifying. A paystub has not been provided.

Documentation provided.

Rebuttal (XX/XX/XXXX 3:23PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 3:24PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii), creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. The fees appear to be in the following sections: C and E. The fees are not subject to tolerance.

See attached

Rebuttal (XX/XX/XXXX 2:37PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 2:45PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD- premiums Optional

Acknowledged

Compliance

The Home Warranty on the CD issued on XX/XX/XXXX is not followed by the word 'Optional'. Items that disclose any premiums paid for separate insurance, warranty, guarantee, or event-coverage products not required by the creditor must include the parenthetical description '(Optional)' at the end of the label. Truth in Lending Act (Regulation Z). 12 CFR 1026.38(g)(4)(ii); 12 CFR 1026.37(g)(4)(ii) & Official Comment 37(g)(4)-3.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

VVOE required

Resolved

Credit

The borrower is self employed and VVOE required within 120 days. The loan file contained a verification from the processor that indicates the phone number from the 1003 was called; however, according to guidelines a third party verification is required or if listed, verbal along with copy of phone listing which was not provided.

Search for phone listing provided along with borrower website printout verifying self-employment dated XX/XX/XXXX.

Rebuttal (XX/XX/XXXX 11:47AM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 11:48AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Initial CD Delivery Date (prior to consummation)

Resolved

Compliance

The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. If disclosure was delivered electronically evidence of receipt as well as the consumer's E-consent is required.

See attached

Rebuttal (XX/XX/XXXX 1:51PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 1:57PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Finance Charge Fail Rescission Finance Charge Fail

Resolved

Compliance

This loan failed the TILA right of rescission test. The funding date is before the third business day following consummation.

see attached

Rebuttal (XX/XX/XXXX 1:58PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 1:58PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Second Home

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Second Home

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Second Home

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on , and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation (after providing funds to close in the amount of $XXXX; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: C, E and F. The fees are/are not subject to tolerance but decreased.

See attached

Rebuttal (XX/XX/XXXX 3:14PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 3:15PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Second Home

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXX at consummation; however, per the ALTA statement, the consumer received $XXX after providing funds to close in the amount of $XXX. The fees appear to be in the following sections: C, E and F. The fees are subject to tolerance.

See attached.

Rebuttal (XX/XX/XXXX 11:49AM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 11:59AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

Income Docs

Resolved

Credit

The income/employment is not documented properly according to guides. The borrower was qualified with monthly trust income of $XXX. Guidelines require proof of three year continuance which is $XXXX. The file contained a printout confirming the distribution of this income from XXXX #XXXX effective XX/XX/XXXX. The file contained pages from this Chase account of recent transactions; however, the balance of the account is not provided in order to determine length of continuance. Without this income, the DTI increases from XXX% to XXXX%.

Two months statements for XXXX account ending #XXXX with a balance on XX/XX/XXXX of $XXXX were provided.

Rebuttal (XX/XX/XXXX 1:34PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 1:36PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

The PCCD issued on XX/XX/XXXX does not reflect the correct Closing Date when compared to the notary signature date on the Security Instrument. Truth in Lending Act (Regulation Z). 12 CFR 1026.38(a)(3)(ii).

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- premiums Optional

Acknowledged

Compliance

The Home Warranty on the PCCD issued on XX/XX/XXXX is not followed by the word 'Optional'. Items that disclose any premiums paid for separate insurance, warranty, guarantee, or event-coverage products not required by the creditor must include the parenthetical description '(Optional)' at the end of the label. Truth in Lending Act (Regulation Z). 12 CFR 1026.38(g)(4)(ii); 12 CFR 1026.37(g)(4)(ii) & Official Comment 37(g)(4)-3.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii), creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer received $XXX after providing funds to close in the amount of $XXXX. The fees appear to be in the following sections: C, E and F. The fees are subject to tolerance but decrease.

See attached

Rebuttal (XX/XX/XXXX 3:38PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 3:48PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

The loan is in compliance with all applicable laws and regulations

Cleared

Compliance

The loan is in compliance with all applicable laws and regulations.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD 'Closing Information/Settlement Agent info

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the Settlement Agent name. Truth in Lending Act (Regulation Z) 12 CFR 1026.38(a)(3)(iv)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXX at consummation; however, per the ALTA statement, the consumer received $XXXX after providing funds to close in the amount of $XXXX. The fees appear to be in the following sections: C, E, and payoffs. The fees in section E are subject to tolerance.

See attached.

Rebuttal (XX/XX/XXXX 11:36AM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 11:43AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Debt Consolidation- Proceeds used to pay

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii), creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer received $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: C and E. The fees are subject to tolerance.

See attached

Rebuttal (XX/XX/XXXX 2:10PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 2:15PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Debt Consolidation- Proceeds used to pay

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Debt Consolidation- Proceeds used to pay

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

RTC- new creditor (H8) version required

Resolved

Compliance

The consumer(s) was provided the incorrect RTC version. The consumer is refinancing with a new creditor; however, the version provided is for a refinance with the same creditor. Version H-9 was provided; Version H-8 was required. Rescission is required to be re-opened. Truth in Lending Act (Regulation Z) 12 CFR 1026.23(b)(1)(v), (a)

The correct RTC was provided to the BWR. (Resolved)

Response (XX/XX/XXXX 9:42AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

VVOE required

Resolved

Credit

No VVOE is in evidence in the file for the borrower's second job as required per DU approval.

VVOE for Co-borrower was provided. VVOE for borrower's secondary employment at XXXX dated XX/XX/XXXX was provided.

Rebuttal (XX/XX/XXXX 2:15PM)Rebuttal (XX/XX/XXXX 11:51AM)

VVOE is required for borrower's secondary employment with XXXX. (Upheld)Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 2:16PM)Response (XX/XX/XXXX 11:52AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/Disbursement Date

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in Lending Act (Regulation Z) 12 CFR 1026.38(a)(3)(iii)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

RTC- new creditor (H8) version required

Resolved

Compliance

The correct RTC was provided to the BWR. (Resolved)

Response (XX/XX/XXXX 9:43AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXX at consummation; however, per the ALTA statement, the consumer received $XXX after providing funds to close in the amount of $XXX. The fees appear to be in the following sections: C, E, F, and Payoffs. The fees in section E are subject to tolerance.

Updated PCCD provided

Rebuttal (XX/XX/XXXX 4:01PM)

The document provided was sufficient to cure the exception. (Resolved)

Response (XX/XX/XXXX 4:02PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

A retro 2055 was ordered which supported a value of $XXXX, a XX% variance from OA value of $XXXX.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

Debts

Resolved

Credit

Debts were miscalculated at origination. REO section indicates borrower owns a property located at XXXX. with a mortgage payment of $XXXX and monthly taxes/insurance in the amount of $XXX. However; the net rental income amount shows $XXX whereas it should be $XXXX. The lender stated on the Loan Transmittal no rental income was used for qualifying and that full PITI is in DTI. Recalculation of income and debts resulted in DTI increasing from XX% to XX%. DU requires loan to be resubmitted if revised DTI increases by more than X% or exceeds XX% DTI.

DU Approve/Eligible, submission #11 dated XX/XX/XXXX with updated debts and DTI was provided.

Rebuttal (XX/XX/XXXX 12:15PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 12:16PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

VVOE required

Resolved

Credit

The loan file does not contain a VOE or VVOE to verify the borrower's employment as required.

VVOE dated XX/XX/XXXX for the borrower was provided.

Rebuttal (XX/XX/XXXX 1:24PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 1:26PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Debt Consolidation- Proceeds used to pay

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Finance Charge Fail Rescission Finance Charge Fail

Resolved

Compliance

This loan failed the TILA right of rescission test. The funding date is before the third business day following consummation.

See attached

Rebuttal (XX/XX/XXXX 3:28PM)

The documentation provided is not sufficient to cure the finding. The disbursement date on the PCCD is XX/XX/XXXX which is also the final day of rescission. (Upheld) A disbursement register was provided reflecting the correct disbursement date. The document is sufficient to cure the exception. (resolved)

Response (XX/XX/XXXX 3:36PM)Response (XX/XX/XXXX 10:39AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer owed $XXXX. The fees appear to be in the following sections: C and E. The fees are subject to tolerance.

Documents provided.Document uploaded

Rebuttal (XX/XX/XXXX 1:53PM)Rebuttal (XX/XX/XXXX 10:31AM)

The documentation provided is not sufficient to clear the defect. An initial CD dated XX/XX/XXXX was provided however the defect is for the final CD dated XX/XX/XXXX not matching the ALTA statement. (Upheld) The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 1:54PM)Response (XX/XX/XXXX 10:32AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Initial CD Delivery Date (prior to consummation)

Resolved

Compliance

This loan failed the initial closing disclosure delivery date test. The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. If disclosure was delivered electronically, evidence of receipt as well as the consumer's E-consent is required.

Econsent & CD uploaded for DR review

Rebuttal (XX/XX/XXXX 10:35AM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 11:06AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID Tolerance - Zero Tolerance Violation (Disclosure Timing Fail)

Resolved

Compliance

The loan failed the charges that cannot increase test. Because the loan failed the initial CD delivery date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following increase: Appraisal fee. The violation may be cured if documentation is provided showing the disclosure was delivered timely. A cost to cure in the amount of $XXXX is required. Truth in Lending Act (Regulation Z) 12 CFR XXXX.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv)

Econsent & CD uploaded for DR review

Rebuttal (XX/XX/XXXX 10:35AM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 11:08AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation (after providing funds to close in the amount of $XXXX); however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: E and payoffs. The fee in Section E is subject to tolerance, but decreased.

Pending response

Rebuttal (XX/XX/XXXX 10:36AM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 11:08AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX after providing funds to close in the amount of $XXXX. The fees appear to be in the following sections: C and E. The fees in section E are subject to tolerance but decreased after consummation.

MM uploaded PCCD, LOX, etc. to DR review

Rebuttal (XX/XX/XXXX 11:11AM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 11:16AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/Disbursement Date

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(3)(iii)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer received $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: C, E and F. The fees are subject to tolerance.

MM uploaded PCCD, LOX, etc. to DR review

Rebuttal (XX/XX/XXXX 11:35AM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 11:36AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Resolved

Compliance

This is a new audit finding based on the newly received Post-Consummation Closing Disclosure. The CD issued on XX/XX/XXXX does not reflect the correct Closing Date when compared to the notary signature date on the Security Instrument. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(3)(ii)

Documents uploaded

Rebuttal (XX/XX/XXXX 9:17AM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 9:18AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Initial CD Delivery Date (prior to consummation)

Resolved

Compliance

Initial CD provided.

Rebuttal (XX/XX/XXXX 12:26PM)

The documentation provided is sufficient to clear the defect. (Resolved)

Response (XX/XX/XXXX 12:26PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID Seller CD- Inaccurate

Resolved

Compliance

The seller CD provided in the loan file was inaccurate. The seller credits on the Seller's CD provided in the loan file do not match the seller credits on the consumer's CD, XX/XX/XXXX. The Seller's CD reflects a seller credit of $XXXX; however, the Borrower's CD does not reflect any seller credits. The settlement agent is required to provide the seller with the Closing Disclosure reflecting the actual terms of the seller's transaction. (' 1026.19(f)(4)(i)).

MM uploaded PCCD, LOX, etc. to DR review

Rebuttal (XX/XX/XXXX 11:40AM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 11:41AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation (after providing funds to close in the amount of $XXXX; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: C, E and F. The fees are not subject to tolerance.

MM uploaded PCCD, LOX, etc. to DR review

Rebuttal (XX/XX/XXXX 11:41AM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 11:41AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

Income Docs

Resolved

Credit

The income/employment is not documented properly according to the AUS. The AUS required income to be supported by a YTD paystub documenting all YTD earnings or a written VOE documenting all YTD earnings for the most recent calendar year. The Borrower presented an offer letter which reflected the Borrower would start employment on XX/XX/XXXX. The subject loan closing was on XX/XX/XXXX. On the date of closing the Borrower was not working. The lender utilized income from the offer letter for income qualification. The loan was not documented per the AUS requirement for the Borrower's income.

Freddie Mac guidelines for future income and WVOE dated XX/XX/XXXX was provided.

Rebuttal (XX/XX/XXXX 1:10PM)

WVOE dated XX/XX/XXXX and Offer Letter in the loan file is sufficient to meet Freddie Mac guidelines for use of borrower's income. (Resolved)

Response (XX/XX/XXXX 1:11PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

VVOE required

Resolved

Credit

A VVOE is required within 10 days of Note date. No VVOE is in evidence in the file for the Borrower's employment. The loan file contained an offer letter dated XX/XX/XXXX. The subject loan closed on XX/XX/XXXX. No updated verification of employment was in the loan file as required.

WVOE dated XX/XX/XXXX was provided which is within 10 business days of the Note date.

Rebuttal (XX/XX/XXXX 1:07PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 1:07PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX after providing funds to close in the amount of $XXXX. The fees appear to be in the following sections: C, E and F. The fees are subject to tolerance.

MM uploaded PCCD, LOX, etc. to DR review

Rebuttal (XX/XX/XXXX 11:49AM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 11:57AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Initial CD Delivery Date (prior to consummation)

Resolved

Compliance

MM uploaded CD and Memo for DR review. CD was issued X/X and borrower signed X/X.

Rebuttal (XX/XX/XXXX 11:49AM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 11:58AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer received $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: C and E. The fees are subject to tolerance, but decreased.

MM uploaded PCCD, LOX, etc. to DR review

Rebuttal (XX/XX/XXXX 12:01PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 12:05PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Debt Consolidation- Proceeds used to pay

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Closing Date when compared to the notary signature date on the Security Instrument. Truth in Lending Act (Regulation Z). 12 CFR 1026.38(a)(3)(ii).

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a certified ALTA statement dated XX/XX/XXXX. The statement does not match the CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii), creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: C and G. The fees are not subject to tolerance.

Pending responseDocument uploaded

Rebuttal (XX/XX/XXXX 12:21PM)Rebuttal (XX/XX/XXXX 10:05AM)

The seller to provide additional documentation. (Upheld)The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 12:22PM)Response (XX/XX/XXXX 2:19PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Debt Consolidation- Proceeds used to pay

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Second Home

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

VVOE required

Resolved

Credit

A VVOE is required within 10 days of Note date. No VVOE is in evidenced in the file.

VVOE dated XX/XX/XXXX was provided.

Rebuttal (XX/XX/XXXX 2:48PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 2:49PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Second Home

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Second Home

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX after providing funds to close in the amount of $XXXX. The fees appear to be in the following sections: C, E and F. The fees in section E are subject to tolerance.

Pending responseDocuments uploaded

Rebuttal (XX/XX/XXXX 12:23PM)Rebuttal (XX/XX/XXXX 10:32AM)

The seller to provide additional documentation. (Upheld)The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 12:23PM)Response (XX/XX/XXXX 2:21PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Second Home

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/Disbursement Date

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(3)(iii)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation after providing funds to close in the amount of $XXXX; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: Sections C, E, and F. The fees are not subject to tolerance, but decrease.

Documents provided.

Rebuttal (XX/XX/XXXX 1:28PM)

The documentation provided is sufficient to clear the defect. (Resolved)

Response (XX/XX/XXXX 1:30PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Resolved

Compliance

Documents provided.

Rebuttal (XX/XX/XXXX 1:29PM)

The documentation provided is sufficient to clear the defect. (Resolved)

Response (XX/XX/XXXX 1:30PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer is owed $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX after providing funds to close in the amount of $XXXX. The fees appear to be in the following sections: C and E. The fees are subject to tolerance.

MM uploaded PCCD, LOX, etc. to DR review

Rebuttal (XX/XX/XXXX 12:33PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 12:38PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

The loan is in compliance with all applicable laws and regulations

Cleared

Compliance

The loan is in compliance with all applicable laws and regulations.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

The loan is in compliance with all applicable laws and regulations

Cleared

Compliance

The loan is in compliance with all applicable laws and regulations.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Debt Consolidation- Proceeds used to pay

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXX at consummation; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: C, E and F. The fees are subject to tolerance.

Pending responseDocuments uploaded

Rebuttal (XX/XX/XXXX 12:38PM)Rebuttal (XX/XX/XXXX 10:24AM)

The seller to provide additional documentation. (Upheld)The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 12:39PM)Response (XX/XX/XXXX 10:24AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD - Calculating Cash to Close LE column

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

VVOE required

Resolved

Credit

A VVOE is required within 10 days of Note date. No VVOE is in evidence in the file.

VVOE dated XX/XX/XXXX was provided.

Rebuttal (XX/XX/XXXX 7:38AM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 7:39AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer owed $XXXX. The fees appear to be in the following sections: C and E. The fees are subject to tolerance.

Pending response

Rebuttal (XX/XX/XXXX 10:43AM)

The documentation provided is sufficient to clear the defect. (Resolved)

Response (XX/XX/XXXX 12:17PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

Income Docs

Resolved

Credit

Borrower is self-employed filing Schedule C earnings. The file contains XXXX tax returns; however, no XXXX tax extension (application date XX/XX/XXXX).

IRS confirmation dated XX/XX/XXXX with payment of $XXXX from XXXX Bank for XXXX tax return extension provided.

Rebuttal (XX/XX/XXXX 12:36PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 12:36PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

VVOE required

Resolved

Credit

The borrower is self-employed as an XXXX filing Schedule C. The file does not contain a VVOE dated within 120 business days of the Note date. It is to be noted a Google search was completed verifying borrower's active XXXX's license.

VVOE and business search dated XX/XX/XXXX was provided.

Rebuttal (XX/XX/XXXX 7:19AM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 7:19AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

Right of Rescission - Timing

Resolved

Compliance

The Right to Cancel does not provide the borrower with three business days to rescind the transaction. The rescission date noted on the Right to Cancel Notice, XX/XX/XXXX is less than three business days from the consummation date, XX/XX/XXXX. Truth in Lending Act (Regulation Z)12 CFR 1026.23(b)(1)(v), (a)

MM uploaded for DR review

Rebuttal (XX/XX/XXXX 10:53AM)

The documentation provided is sufficient to clear the defect. (Resolved)

Response (XX/XX/XXXX 10:54AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated 6/20/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX after providing funds to close in the amount of $XXXX. The fees appear to be in the following sections: C, E and F. The fees are subject to tolerance.

MM uploaded for DR review

Rebuttal (XX/XX/XXXX 10:53AM)

The documentation provided is sufficient to clear the defect. (Resolved)

Response (XX/XX/XXXX 10:54AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/Disbursement Date

Resolved

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in Lending Act (Regulation Z). 12 CFR 1026.38(a)(3)(iii)

MM uploaded for DR review

Rebuttal (XX/XX/XXXX 10:53AM)

The documentation provided is sufficient to clear the defect. (Resolved)

Response (XX/XX/XXXX 10:54AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD dated XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: C. Services Borrower Did Shop For, E. Taxes and Other Government Fees. The fees in Section E are subject to tolerance.

MM uploaded PCCD, LOX, etc. to DR reviewDocuments uploaded

Rebuttal (XX/XX/XXXX 11:49AM)Rebuttal (XX/XX/XXXX 11:17AM)

No documentation was provided. (Upheld)The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 11:49AM)Response (XX/XX/XXXX 11:17AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/Disbursement Date

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(3)(iii)

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD - Settlement Agent License

Acknowledged

Compliance

The license number is missing for the Settlement Agent company on the last revised CD issued on XX/XX/XXXX. Truth in Lending Act (Regulation Z)12 CFR 1026.38(r)(3), (5)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX after providing funds to close in the amount of $XXXX. The fees appear to be in the following sections: C, E and F. The fees are subject to tolerance.

Pending response

Rebuttal (XX/XX/XXXX 12:10PM)

The documentation provided is sufficient to clear the defect. (Resolved)

Response (XX/XX/XXXX 12:10PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

VVOE required

Resolved

Credit

A VVOE is required within 10 days of Note date. No VVOE is in evidence in the file for the third Borrower.

VVOE dated XX/XX/XXXX provided.

Rebuttal (XX/XX/XXXX 8:05AM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 8:06AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

Assets

Resolved

Credit

The file did not contain evidence the borrower had the proper amount of funds required. According to the DU Approve/Eligible, dated XX/XX/XXXX, the Borrowers were required to document gift funds with a signed gift letter, documenting the transfer of the funds and ensuring the funds came from an eligible source. The loan file contained the signed gift letter for $XXXX ensuring the funds were from an eligible source, however, the loan file did not document the transfer of the funds as required. The final HUD-1 reflected an additional deposit in the amount of $XXXX, however, it is not documented as gift funds or the source of the funds. As a result, the Borrowers were short $XXXX funds to close the subject transaction.

Gift Letter and Gift Wire to closing provided.

Rebuttal (XX/XX/XXXX 5:03PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 5:04PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXX at consummation; however, per the ALTA statement, the consumer owed $XXX after providing funds to close in the amount of $ $XXXX. The fees appear to be in the following sections: B, C, E, and F. The fees in sections B and E are subject to tolerance.

Pending response

Rebuttal (XX/XX/XXXX 11:16AM)

The documentation provided is sufficient to clear the defect. (Resolved)

Response (XX/XX/XXXX 11:17AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Loan Information/Sales Price

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct sales price when compared to the Purchase Contract. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(3)(vii)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Disclosures E-consent Missing

Resolved

Compliance

The initial disclosures provided in the loan file were electronically signed and evidence of E-consent is missing. Per regulation, the consumers must consent to receiving documents electronically. Truth in Lending Act (Regulation Z)12 CFR 1026.37(o)(3)(iii) E-SIGN Act15 U.S.C. '7001(c)

eConsent Provided

Rebuttal (XX/XX/XXXX 10:11AM)

The document provided is sufficent to cure the exception.

Response (XX/XX/XXXX 10:12AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Initial CD Delivery Date (prior to consummation)

Resolved

Compliance

The loan failed the Initial Closing Disclosure delivery date test due to the following: Although evidence was provided showing the consumer received the emailed disclosures, the consumer's consent to receive disclosures via email was not provided. Per regulation, creditors using electronic delivery methods, such as email, must also comply with ' 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act).

EConsent Provided

Rebuttal (XX/XX/XXXX 10:13AM)

The document is sufficient to sure the exception. (Resolved)

Response (XX/XX/XXXX 10:14AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/File number Info

Resolved

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct File number. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(3)(v)

MM uploaded PCCD, LOX, etc. to DR review

Rebuttal (XX/XX/XXXX 12:22PM)

The documentation provided is sufficient to clear the defect. (Resolved)

Response (XX/XX/XXXX 12:23PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/Disbursement Date

Resolved

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(3)(iii)

MM uploaded PCCD, LOX, etc. to DR review

Rebuttal (XX/XX/XXXX 12:23PM)

The documentation provided is sufficient to clear the defect. (Resolved)

Response (XX/XX/XXXX 12:24PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation after providing funds to close in the amount of $XXX; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: C, E and F. The fees are/are not subject to tolerance, but decrease.

MM uploaded PCCD, LOX, etc. to DR review

Rebuttal (XX/XX/XXXX 12:21PM)

The documentation provided is sufficient to clear the defect. (Resolved)

Response (XX/XX/XXXX 12:21PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Resolved

Compliance

The CD issued on 6/6/XXXX does not reflect the correct Closing Date when compared to the notary signature date on the Security Instrument. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(3)(ii)

MM uploaded PCCD, LOX, etc. to DR review

Rebuttal (XX/XX/XXXX 12:23PM)

The documentation provided is sufficient to clear the defect. (Resolved)

Response (XX/XX/XXXX 12:24PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Debt Consolidation- Proceeds used to pay

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation (after providing funds to close in the amount of $XXXX); however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: C, E, F and G. The fees in section E are subject to tolerance.

Pending response

Rebuttal (XX/XX/XXXX 12:37PM)

The documentation provided is sufficient to clear the defect. (Resolved)

Response (XX/XX/XXXX 12:37PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/Disbursement Date

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(3)(iii)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer received $XXX at consummation after providing funds to close in the amount of $XXXX; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: Section that increased C, and F. The fees are not subject to tolerance.

MM uploaded PCCD, LOX, etc. to DR review

Rebuttal (XX/XX/XXXX 2:11PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 2:15PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Debt Consolidation- Proceeds used to pay

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

The loan is in compliance with all applicable laws and regulations

Cleared

Compliance

The loan is in compliance with all applicable laws and regulations.

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

Income Docs

Resolved

Credit

The income is not documented properly according to guides. The borrower was qualified with parsonage/housing allowance income. Per the FNMA selling guide housing or parsonage income may be considered as qualifying income if there is documentation that supports the receipts of the income for the most recent 12 months and the allowance is likely to continue for the next three years. The loan file contained the Religious Non Profit Organization bank statements which reflected payment of the borrower's mortgage for the past 4 months and payment of the borrower's primary residence rental property for the prior 8 months. However, the loan file did not contain a letter from the Religious Non Profit Organization indicating that this income was likely to continue for the next three years as required.

Continuance letter for parsonage income through XXXX was provided.

Rebuttal (XX/XX/XXXX 1:23PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 1:24PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/Disbursement Date

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in Lending Act (Regulation Z) 12 CFR 1026.38(a)(3)(iii)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer received $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: C, E, F and payoffs. The fees in Section C and F are not subject to tolerance. The fee in Section E is subject to tolerance, but decreased.

MM uploaded PCCD, LOX, etc. to DR review

Rebuttal (XX/XX/XXXX 2:10PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 2:11PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Debt Consolidation- Proceeds used to pay

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

MM uploaded PCCD, LOX, etc. to DR review

Rebuttal (XX/XX/XXXX 2:01PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 2:05PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - CD Incomplete / Inaccurate

Acknowledged

Compliance

The loan contains a fee where 'compensation to' is not provided under Section C. Services Borrower Did Shop For of the revised CD issued on XX/XX/XXXX. However, this fee should not be incomplete. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed. The payee for the following fee is incorrect: Title - Notary Fee. Truth in Lending Act (Regulation Z)12 CFR 1026.38

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Debt Consolidation- Proceeds used to pay

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

AUS/DU Approval

Resolved

Credit

The lender submitted three medical collections to be paid off when AUS was ran. At closing; the three medical collections were removed from debts to be paid on final Settlement Statement. The AUS needs to be re-ran excluding collections from debts to be paid at closing.

DU Approve/Eligible dated XX/XX/XXXX with 3 collections referenced in DU condition #XX as not being required to be paid off prior to or at closing was provided.

Rebuttal (XX/XX/XXXX 7:54AM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 7:56AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - CD Non-Borrower with Right to Rescind

Resolved

Compliance

There is no evidence of an initial CD provided to the non-borrower spouse. Per regulation, CD(s) must be provided to all who have the right to rescind. Truth in Lending Act (Regulation Z)12 CFR 1026.19(f)(1)(i), 12 CFR 1026.2(a)(11)

MM uploaded signd CD for DR review

Rebuttal (XX/XX/XXXX 1:57PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 1:59PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Debt Consolidation- Proceeds used to pay

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD - Calculating Cash to Close LE column

Acknowledged

Compliance

The Cash to Close on the CCTC table on page 3 of the PCCD issued on XX/XX/XXXX in the LE column does not match the Estimated Cash to Close on the CCTC table (page 2) of the revised LE issued on XX/XX/XXXX.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD - Settlement Agent License

Acknowledged

Compliance

The license number is missing for the Settlement Agent company on the last revised PCCD issued on XX/XX/XXXX. Truth in Lending Act (Regulation Z) 12 CFR 1026.38(r)(3), (5)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

Late HOC Disclosure

Acknowledged

Compliance

There is no date evident on the Home Ownership Counseling Disclosure provided in the loan file to determine if it was disclosed within 3 days of the application date, XX/XX/XXXX.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

Debts

Resolved

Credit

The DTI did not reflect all of the borrower's debts resulting in a DTI that exceeds allowable tolerances. The subject loan is a primary purchase in XXX and the origination underwriter estimated the subject real estate taxes at $XXXX per month; however, the CD and Tax Cert reflects the monthly tax amount as $XXXX, which increased the DTI from XX% to XX% and exceeds DU tolerance guidelines.

DU Approve/Eligible dated XX/XX/XXXX including corrected taxes with a DTI of XX% was provided.

Rebuttal (XX/XX/XXXX 7:28AM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 7:30AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Section B incorrect payee

Acknowledged

Compliance

The loan contains a fee where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised PCCD issued on XX/XX/XXXX. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Section B incorrect payee

Acknowledged

Compliance

The 1004D Appraisal Final Inspection fee on the PCCD issued on XX/XX/XXXX does not reflect a payee.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised PCCD issued on XX/XX/XXXX and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer received $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: B and E. The fees are subject to tolerance, but decreased.

MM uploaded PCCD, LOX, etc. to DR review

Rebuttal (XX/XX/XXXX 1:02PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 1:36PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value was not supported within 10% of original appraisal amount

Resolved

Valuation

The ARR did not support the value within XXX%.

DU Approve/Eligible dated XX/XX/XXXX with value of $XXXX and LTV of XX% was provided.

Rebuttal (XX/XX/XXXX 1:16PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 1:16PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

Income Miscalc

Resolved

Credit

Income was miscalculated at origination. Underwriter comments on the 1008 states only base salary of $XXXX was used for qualifying; bonus income not considered. However; income under “base income” on 1008 reflects $XXXX which was also submitted to DU. Paystubs provided indicate borrower receives a base salary, bonus income and profit sharing. The file does not contain a break out of base salary, bonus income and profit sharing for XXXX. Therefore; using only base salary of $XXX, DTI increased from XX% to XX%.

DU Approve/Eligible dated XX/XX/XXXX with base salary of $XXXX and a DTI of XX% was provided.

Rebuttal (XX/XX/XXXX 7:43AM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 7:44AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Section B incorrect payee

Resolved

Compliance

Pending responseDocumentation provided.

Rebuttal (XX/XX/XXXX 12:58PM)Rebuttal (XX/XX/XXXX 3:29PM)

The seller to provide additional documentation. (Upheld)The documentation provided is sufficient to clear the defect. (Resolved)

Response (XX/XX/XXXX 12:58PM)Response (XX/XX/XXXX 3:30PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Resolved

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised PCCD issued on XX/XX/XXXX and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the PCCD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: C and E. The fees are not subject to tolerance.

Pending responseDocumentation provided.

Rebuttal (XX/XX/XXXX 12:58PM)Rebuttal (XX/XX/XXXX 3:30PM)

The seller to provide additional documentation. (Upheld)The documentation provided is sufficient to clear the defect. (Resolved)

Response (XX/XX/XXXX 12:58PM)Response (XX/XX/XXXX 3:30PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

The loan is in compliance with all applicable laws and regulations

Cleared

Compliance

The loan is in compliance with all applicable laws and regulations.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer received $XXX after providing funds to close in the amount of $XXXX. The fees appear to be in the following sections: B and E. The fees are subject to tolerance but decreased after consummation.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD - Calculating Cash to Close LE column

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/File number Info

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the File number. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(3)(v)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Transaction Information/Seller Info

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the Seller's Address when compared to the Purchase Contract. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(4)(ii)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Loan Information/MIC number

Acknowledged

Compliance

The CD issued on XX/XX/XXXX reflects an MIC number; however, there is no evidence that the transaction was subject to Mortgage Insurance.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

Appraisal Misc

Resolved

Credit

There are additional appraisal findings. The appraisal was made Subject-to repairs; however, a Completion Report was not provided. The appraisal dated XX/XX/XXXX was made subject to repairs which included installation of railing on the rear deck, hand railing on the stairway to the basement and a CO detector installed on the main level. The loan file did not contain the required Completion Report confirming that the required repairs were completed.

Completion Certificate provided.

Rebuttal (XX/XX/XXXX 1:23PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 1:23PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

Title Commitment / Title Policy

Resolved

Credit

The title commitment/policy is missing. The title commitment was missing from the loan file.

Title Commitment provided.

Rebuttal (XX/XX/XXXX 1:21PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 1:22PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

Appraisal Incomplete

Resolved

Credit

The appraisal is incomplete. The appraisal indicated that the zoning for the subject property is Legal Non-conforming; however, the appraiser did not address the non-conforming status including marketability, nor was there any indication that the property could be rebuilt if it were destroyed.

Appraisal provided with verbiage verifying that the subject property could be rebuilt if destroyed.

Rebuttal (XX/XX/XXXX 3:07PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 3:08PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

Hazard Insurance

Resolved

Credit

The loan was missing current hazard insurance policy on the subject property with sufficient coverage/replacement cost. The loan file did not contain a coy of the current hazard insurance policy for the subject property.

Hazard Insurance Policy for subject was provided.

Rebuttal (XX/XX/XXXX 1:16PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 1:17PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

Sales contract

Resolved

Credit

The Sales Contract was missing from the loan file.

Sales Contract provided.

Rebuttal (XX/XX/XXXX 1:20PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 1:20PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

The loan is in compliance with all applicable laws and regulations

Cleared

Compliance

The loan is in compliance with all applicable laws and regulations.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Initial LE Delivery Date (from application)

Resolved

Compliance

The loan failed the Initial Loan Estimate delivery date test (from application). The Initial LE issued on XX/XX/XXXX was not disclosed within 3 days of the application date, XX/XX/XXXX Truth in Lending Act (Regulation Z)12 CFR 1026.19(e)(1)(iii)(A)

Documents uploaded

Rebuttal (XX/XX/XXXX 4:01PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 4:01PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Initial CD Delivery Date (prior to consummation)

Resolved

Compliance

The loan failed the Initial Closing Disclosure delivery date test due to the following. The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. If disclosure was delivered electronically evidence of receipt as well as the consumer's E-consent is required.

Documents uploadedDocuments uploaded

Rebuttal (XX/XX/XXXX 4:12PM)Rebuttal (XX/XX/XXXX 10:40AM)

The documentation provided is not sufficient to cure the finding. The email sent to show the borrower acknowledged the receipt of the Closing Disclosure is dated XX/XX/XXXX. The CD provided in the loan file is dated XX/XX/XXXX. Please provide initial CD dated XX/XX/XXXX. (Upheld)The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 4:15PM)Response (XX/XX/XXXX 10:40AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID Tolerance - Zero Tolerance Violation (Disclosure Timing Fail)

Resolved

Compliance

The loan failed the charges that cannot increase test. The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXXX. Because the loan failed the Initial LE date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. The violation may be cured if documentation is provided showing the disclosure was delivered timely. Truth in Lending Act (Regulation Z)12 CFR XXXX.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv)

Documents uploaded.

Rebuttal (XX/XX/XXXX 4:02PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 4:03PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - 10% Tolerance Violation Not Cured

Resolved

Compliance

The loan failed the charges that in total cannot increase more than XXX% test due to the following. The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than XXX% ($XXX) exceed the comparable charges ($XXX) by more than XXX%.Because the loan failed the Initial LE date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. The violation may be cured if documentation is provided showing the disclosure was delivered timely. Truth in Lending Act (Regulation Z)12 CFR XXXX.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv)

Documents uploaded.

Rebuttal (XX/XX/XXXX 4:04PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 4:04PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

Assets

Resolved

Credit

The borrowers were required to provide documentation supporting assets totaling $XXX which included the earnest money deposit of $XXXX, POCs in the amount of $XXX and cash to close in the amount of $XXXX. The Final 1003 and LP reflected bank account balances of $XXX and proceeds from the sale of the exit residence in the amount of $XXXX. The loan file contained bank statements supporting the bank account balances; however, the loan file did not contain a copy of the Closing Disclosure confirming the proceeds from the sale of the exit residence. Verified assets were not sufficient. It should be noted, public records confirmed the sale of the exit residence on XX/XX/XXXX; however, the borrower proceeds were not known.

Sales HUD provided for XXXX which verified net proceeds of $XXXX provided.

Rebuttal (XX/XX/XXXX 3:59PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 4:02PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

VVOE required

Resolved

Credit

A VVOE is required within 120 days of Note date for self-employment. No VVOE is evidenced in the file for the co-borrower's Schedule C self-employment with XXXX.

VVOE dated XX/XX/XXXX and business license provided.

Rebuttal (XX/XX/XXXX 9:31AM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 9:32AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied. 2055 obtained supported value.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation after providing funds to close in the amount of $XXXX; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: C, E and F. The fees are/are not subject to tolerance, but decreased.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: C and E. The fees are not subject to tolerance.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX after providing funds to close in the amount of $XXXX. The fees appear to be in the following sections: B, C, E and F. The fees in sections B and E are subject to tolerance.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/Disbursement Date

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in Lending Act (Regulation Z) 12 CFR 1026.38(a)(3)(iii)

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

Debts

Resolved

Credit

The subject loan was approved as a limited cash-out refinance of a primary residence with XX%/XX%/XX% LTV/CLTV/HCLTV. The HELOC that was paid down and subordinated had an original line limit of $XXXX. The subject transaction was approved subordinating the HELOC with a lower line limit of $XXXX and a condition was set to verify the current HELOC was reduced and capped with a loan limit of $XXXX. A copy of the subordination agreement was provided but there was no line amount listed and there was no other information or documentation provided to confirmed the line amount was reduced and the payment that was used to qualify as required.

Creditor HELOC limit verification, emails from closing and signed, authorized and notarized form in file from borrower to lower HELOC limit to $XXXX provided.

Rebuttal (XX/XX/XXXX 3:51PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 3:52PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer received $XXX at consummation; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: C and E. The fees are subject to tolerance.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

Right of Rescission - Timing

Resolved

Compliance

The Right to Cancel does not provide the borrower with three business days to rescind the transaction. The rescission date is three business days after the consummation date, the date the borrower receives the Final CD, or the date the borrower receives the Notice of Right to Cancel, whichever occurs last. The rescission date noted on the Right to Cancel Notice, XX/XX/XXXX is less than three business days from the XX/XX/XXXX. Truth in Lending Act (Regulation Z)12 CFR 1026.23(b)(1)(v), (a)

Rescission has been reopened, document provided.

Rebuttal (XX/XX/XXXX 11:49AM)

Document provided sufficient to cure the exception. ( Resolved)

Response (XX/XX/XXXX 11:50AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/Disbursement Date

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(3)(iii)

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer owed $XXXX. The fees appear to be in the following sections: E. The fees are subject to tolerance.

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/Disbursement Date

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in Lending Act (Regulation Z) 12 CFR 1026.38(a)(3)(iii)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer received $XXX at consummation; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: C, E and payoffs. The fees are/are not subject to tolerance, but decreased.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD - Settlement Agent License

Acknowledged

Compliance

The license number is missing for the Settlement Agent company Individual Contact on the last revised CD issued on XX/XX/XXXX. Truth in Lending Act (Regulation Z)12 CFR 1026.38(r)(3), (5)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii), creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer received $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: C, E, and payoffs. The fees in section E are subject to tolerance but decrease.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX after providing funds to close in the amount of $XXXX. The fees appear to be in the following sections: C, E and F. The fees are subject to tolerance.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Transaction Information/Seller Info

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the complete Seller information when compared to the Purchase Contract. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(4)(ii)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation after providing funds to close in the amount of $XXXX; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: Section C, E, and payoffs. The fees are/are not subject to tolerance, but decreased.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

Missing Note

Resolved

Compliance

The following document is missing from the loan file: Note.

Documentation Provided.

Rebuttal (XX/XX/XXXX 1:13PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 1:14PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer received $XXXX at consummation after providing funds to close in the amount of XXXX; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: Section that increased E, and payoffs. The fees are/are not subject to tolerance.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation (after providing funds to close in the amount of $XXXX); however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: C, E and F. The fees in Section E are subject to tolerance and the fees in Sections C and F are not subject to tolerance.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

Debts

Resolved

Credit

The DTI did not reflect all of the borrower's debts resulting in a DTI that exceeds allowable tolerances. DU required documentation supporting omission of the Chase auto loan with a monthly payment of $XXX. The loan file did not contain documentation supporting omission and was included in the borrower's monthly payments at audit. The re-calculated DTI increased from XX% to XX% which exceeds the maximum allowed.

LOE explanation of business payments for cars and bank statements spanning 12 months documenting payments provided.

Rebuttal (XX/XX/XXXX 3:24PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 3:25PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/Disbursement Date

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(3)(iii)

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX after providing funds to close in the amount of $XXXX. The fees appear to be in the following sections: C, E and F. The fees are subject to tolerance.

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

Income Docs

Resolved

Credit

The income is not documented properly according to guides. Business 1120S tax return for XXXX is incomplete, all schedules are required. Schedule M is missing and any statements are not in file.

Schedule M provided.

Rebuttal (XX/XX/XXXX 3:29PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 3:29PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

QM - Rebuttable Presumption (HPML)

Acknowledged

Compliance

The loan qualifies for QM-Rebuttable Presumption. The loan exceeds the HPML APR threshold as follows: This loan failed the CA AB 260 higher-priced mortgage loan test. (CA AB 260, California Financial Code Division 1.9 4995(a)) This loan does not qualify for a safe harbor level of compliance with the qualified mortgage rule. (12 CFR §1026.43(b)(4), (e)(1)) This loan does not qualify for a safe harbor. The loan has an APR of XX%. The APR threshold to qualify for a safe harbor is XX%. The date used for rate set is XX/XX/XXXX. The loan is a Higher-Priced Covered Transaction subject to QM-Rebuttable Presumption. Truth in Lending Act (Regulation Z)12 CFR 1026.43(e)(1)(ii). The loan met the Escrow andAppraisal requirement.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

State Testing ' Interest Rate

Acknowledged

Compliance

This loan failed the XX AB 260 higher-priced mortgage loan test. XX AB 260, XX Financial Code Division 1.9 4995(a)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XX Financial Code. While the XX Financial Code provisions specify that lenders may lawfully make this type of loan subject to certain disclosure requirements and additional limitations, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer received $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: C and E. The fees are subject to tolerance.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/Disbursement Date

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(3)(iii)

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Cash Out: Other/Multipurpose/Unknown purpose

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Loan Information/MIC number

Acknowledged

Compliance

The CD issued on XX/XX/XXXX reflects a MIC number; however, there is no evidence in the loan file that the transaction was subject to Mortgage Insurance.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/Disbursement Date

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(3)(iii)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX after providing funds to close in the amount of $XXXX. The fees appear to be in the following sections: C, E and F. The fees are subject to tolerance.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

The loan is in compliance with all applicable laws and regulations

Cleared

Compliance

The loan is in compliance with all applicable laws and regulations.

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

Subordination Agreement

Resolved

Credit

All existing subordinate financing must be resubordinated. The loan file contained evidence that the mortgage being satisfied on the Settlement Statement was a revolving Home Equity Line of Credit however, the signed closure letter was not provided in the loan file as required.

Signed and authorized HELOC Closure letter provided.

Rebuttal (XX/XX/XXXX 1:43PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 1:43PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

Assets

Resolved

Credit

The file did not contain evidence the borrower had the proper amount of funds required. The Final HUD-1 Settlement Statement reflected the borrower made a deposit to the Settlement agent in the amount of $XXXX to payoff a debt to the IRS in the amount of $XXXX and the borrower received $XXXX back at closing. The total funds needing to be verified was $XXXX. The loan file did not contain any asset documentation for the borrower.

2 months bank statements for XXXX which verified assets of $XXXX provided.

Rebuttal (XX/XX/XXXX 10:39AM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 10:40AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied. 2055 obtained supported value.

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

The loan is in compliance with all applicable laws and regulations

Cleared

Compliance

The loan is in compliance with all applicable laws and regulations.

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied. 2055 obtained supported value.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

he file contains a certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: C. The fees are not subject to tolerance.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

VVOE required

Resolved

Credit

A VVOE is required within 10 days of Note date. The co-borrower, XXXX, is employed with XXXX and no VVOE is evidenced in the file.

VVOE dated XX/XX/XXXX was provided.

Rebuttal (XX/XX/XXXX 12:06PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 12:07PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

Missing Mortgage

Resolved

Compliance

The file is missing the Mortgage.

Document uploaded.

Rebuttal (XX/XX/XXXX 1:19PM)

The documentation provided is sufficient to cure the finding.

Response (XX/XX/XXXX 1:20PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Transaction Information/Seller Info

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the complete Seller address when compared to the Purchase Contract. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(4)(ii)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

AUS Missing

Resolved

Credit

The AUS is missing from the loan file. The Transmittal Summary indicated that the subject loan received an Approve/Eligible recommendation from DU with DU Case ID of XXXX; however, the AUS was missing from the loan file.

DU Approve/Eligible submission number 7 dated XX/XX/XXXX provided.

Rebuttal (XX/XX/XXXX 2:12PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 2:13PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied. 2055 obtained supported value.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

Income Docs

Resolved

Credit

The income/employment is not documented properly according to guides. AUS requires a paystub and W-2s that cover the most recent two-year period or a fully completed standard Verification of Employment. The loan file contained paystubs and the most recent year W-2. The XXXX W-2 or standard Verification of Employment was not provided.

Standard Verification of Employment with year to date and prior two years income figures provided.

Rebuttal (XX/XX/XXXX 3:39PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 3:40PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

State Consumer Credit Laws/Regulations - Prohibited Fees

Acknowledged

Compliance

The loan failed the XX prohibited lender fees test. This test includes the following fees:Administration FeeThe loan fails the prohibited fees test by $XXXX.(WA RCW §31.04.105)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied. 2055 obtained supported value.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

AUS Missing

Resolved

Credit

The AUS is missing from the loan file. The Conditional Loan Approval indicates loan program is a FNMA high balance. The loan file is missing the AUS. In addition; the Loan Transmittal is missing from the loan file.

DU Approve/Eligible submission 8 dated XX/XX/XXXX provided.

Rebuttal (XX/XX/XXXX 2:01PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 2:02PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Initial CD Delivery Date (prior to consummation)

Resolved

Compliance

The loan failed the Initial Closing Disclosure delivery date test due to the following:The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. If disclosure was delivered electronically evidence of receipt as well as the consumer's E-consent is required.

Documents uploaded.

Rebuttal (XX/XX/XXXX 4:30PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 4:30PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID Tolerance - Zero Tolerance Violation (Disclosure Timing Fail)

Resolved

Compliance

The loan failed the charges that cannot increase test.Because the loan failed the initial CD delivery date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following additions: Loan Discount Points. The violation may be cured if documentation is provided showing the disclosure was delivered timely. A cost to cure in the amount of $XXX is required. in Lending Act (Regulation Z)12 CFR XXXX.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv)

Documents uploaded.

Rebuttal (XX/XX/XXXX 4:37PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 4:38PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied. 2055 obtained supported value.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

VVOE required

Resolved

Credit

The loan file is missing a VVOE dated within 120 days from Note date (XX/XX/XXXX) for the borrower who is self-employed, and a VVOE dated within 10 business days from Note date (XX/XX/XXXX) for co-borrower who is employed.

VVOE for the borrower dated XX/XX/XXXX and VVOE for the co-borrower dated XX/XX/XXXX provided.

Rebuttal (XX/XX/XXXX 12:09PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 12:16PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXX at consummation; however, per the ALTA statement, the consumer received $XXX. The fees appear to be in the following sections: C, E, F, and payoffs. The fees are not subject to tolerance.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/Disbursement Date

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(3)(iii)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied. 2055 obtained supported value.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX . The statement does not match the revised CD issued on XX/XX/XXXX , and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer received $XXXX at consummation; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: Section that increased E. The fees are subject to tolerance but decreased.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Closing Date when compared to the notary signature date on the Security Instrument XX/XX/XXXX. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(3)(ii)

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX and no consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation (after providing funds to close);however, per the ALTA statement, the consumer owed $XXXX. The fees appear to be in the following sections: (A, B, C ). The fees are subject to tolerance

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

AUS Missing

Resolved

Credit

The AUS is missing from the loan file. The AUS is missing per conditional approval in file as loan is a High Balance FNMA 30 year fixed. Final loan transmittal also missing from file.

DU Approve/Eligible submission 5 dated XX/XX/XXXX provided.

Rebuttal (XX/XX/XXXX 1:35PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 1:36PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer received $XXX after providing funds to close in the amount of $XXXX. The fees appear to be in the following sections: B, C and E. The fees are subject to tolerance.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/File number Info

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect a File number. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(3)(v)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

Missing Mortgage

Resolved

Compliance

There is no evidence of the Security Instrument provided in the loan file.

Document Provided

Rebuttal (XX/XX/XXXX 3:01PM)

The document provided is sufficient to cure the exception. (Resolved)

Response (XX/XX/XXXX 3:02PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID Tolerance - Zero Tolerance Violation (No Valid COC)

Resolved

Compliance

This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i)). The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). One or more of the final charges exceed the comparable amount. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fee on the initial CD issued on XX/XX/XXXX was not accepted: Appraisal. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required. A reimbursement was added on the initial CD but was removed on the revised CD. Truth in Lending Act (Regulation Z). 12 CFR XXXX.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv).

Documents uploadedDocuments uploaded.

Rebuttal (XX/XX/XXXX 2:41PM)Rebuttal (XX/XX/XXXX 1:21PM)

The documentation provided is not sufficient to cure the finding. A copy of the refund check and mailing label was not provided. (Upheld)The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 2:58PM)Response (XX/XX/XXXX 1:22PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied. 2055 obtained supported value.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Credit

AUS Missing

Resolved

Credit

The AUS is missing from the loan file. 1008 indicates loan approved through LP.

LP Accept submission number 5 dated XX/XX/XXXX provided.

Rebuttal (XX/XX/XXXX 1:56PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 1:56PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Client Review In Process

XX/XX/XXXX

Compliance

The loan is in compliance with all applicable laws and regulations

Cleared

Compliance

The loan is in compliance with all applicable laws and regulations.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii), creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXXX at consummation; however, per the ALTA statement, the consumer received $XXX after providing funds to close in the amount of $XXXX. The fees appear to be in the following sections: C, E, and F. The fees in Section E are subject to tolerance but decrease.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

VVOE required

Resolved

Credit

A VVOE is required within 10 days of Note date. No VVOE is in evidence in the file.

VVOE dated XX/XX/XXXX provided.

Rebuttal (XX/XX/XXXX 3:31PM)

Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 3:32PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/Disbursement Date

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(3)(iii)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD - Settlement Agent License

Acknowledged

Compliance

The license number is missing for the Settlement Agent company on the last revised CD issued on XX/XX/XXXX. Truth in Lending Act (Regulation Z)12 CFR 1026.38(r)(3), (5)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the revised CD issued on XX/XX/XXXX, and no post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii), creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer owed $XXX at consummation; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: B, E and F. The fees in section B and E are subject to tolerance but decreased.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

Late HOC Disclosure

Acknowledged

Compliance

The Homeownership Counseling Disclosure provided in the loan file was not disclosed within 3 days of the application date.

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Limited Cash-Out (GSE Definition)

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Section B incorrect payee

Resolved

Compliance

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. . However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Documents uploaded

Rebuttal (XX/XX/XXXX 10:49AM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 10:56AM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied. 2055 obtained supported value.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Initial CD Delivery Date (prior to consummation)

Resolved

Compliance

The loan failed the Initial Closing Disclosure delivery date test due to the following: Without evidence of receipt, it is assumed that the disclosure dated XX/XX/XXXX was mailed, and therefore not received by the consumer 3 business days prior to the consummation date, XX/XX/XXXX. If disclosure was delivered electronically, evidence of receipt as well as the consumer's E-consent is required.

Documents uploaded

Rebuttal (XX/XX/XXXX 4:48PM)

The documentation provided is sufficient to cure the finding. (Resolved)

Response (XX/XX/XXXX 4:48PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

First Time Home Purchase, as defined by American R

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

Tool Kit- missing

Acknowledged

Compliance

The Tool Kit is missing.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID - Post-Consummation CD delivery date Borrower paid amount

Acknowledged

Compliance

The file contains a signed/certified ALTA statement dated XX/XX/XXXX. The statement does not match the PCCD issued on XX/XX/XXXX, and no additional post consummation CD was provided in the file. Per § 1026.19(f)(2)(iii, creditors must provide a corrected Closing Disclosure if an event in connection with the settlement occurs during the 30-calendar-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount paid by the consumer from what was previously disclosed. Per the CD, the consumer received $XXXX at consummation after providing funds to close in the amount of $XXXX; however, per the ALTA statement, the consumer received $XXXX. The fees appear to be in the following sections: E and L. The fees are subject to tolerance but decreased.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

Income Docs

Resolved

Credit

The income is not documented properly according to guides. LP required the borrower to provide the most recent year's business tax returns (XXXX). The loan file contained XXXX personal tax returns; however, the loan file did not contain the XXXX 1120s and K1s, or a XXXX tax extension as required.

XXXX 1120S for XXXX Inc provided. XXXX K-1 provided.

Rebuttal (XX/XX/XXXX 9:53AM)Rebuttal (XX/XX/XXXX 2:50PM)

XXXX 1120S documentation provided and sufficient however XXXX K-1 is still required. Borrower was verified as XX% owner in XXXX. (Upheld)Documentation provided is sufficient. (Resolved)

Response (XX/XX/XXXX 9:55AM)Response (XX/XX/XXXX 2:51PM)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Rate/Term Refinance -- Borrower initiated

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

The loan is in compliance with all applicable laws and regulations

Cleared

Compliance

The loan is in compliance with all applicable laws and regulations.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD- Closing Information/Closing Date

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Closing Date when compared to the notary signature date on the Security Instrument of XX/XX/XXXX. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(3)(ii)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/Disbursement Date

Acknowledged

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement XX/XX/XXXX. Truth in Lending Act (Regulation Z)12 CFR 1026.38(a)(3)(iii)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Compliance

TRID CD ' Incorrect Section

Acknowledged

Compliance

The Broker Cure for Appraisal was included in Section H of the CD issued on XX/XX/XXXX . However, the fee should have been entered under Lender Credits Section. Truth in Lending Act (Regulation Z) 12 CFR 1026.38(f), (g)

XXXXX

XXXXXX

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner Occupied

XX/XX/XXXX

$XXXXX

Underwriting Client Review Complete

XX/XX/XXXX

Valuation

Value is supported within 10% of original appraisal amount

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

Rate/Term Refinance - Borrower initiated

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Compliance

TRID CD - Missing fees

Resolved

Compliance

The CD issued on XX/XX/XXXX provided in the loan file is missing the following fee(s): Flood Certification Fee. Settlement fees must all be disclosed to the consumer regardless of who pays them. No rebuttal response required.

XXXXX

XXXXXX

Rate/Term Refinance - Borrower initiated

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Compliance

Late HOC Disclosure

Resolved

Compliance

The Homeownership Counseling Disclosure dated XX/XX/XXXX provided in the loan file is outdated for the application date of XX/XX/XXXX. Per 1024.20, the list distributed to the loan applicant(s) shall be obtained no earlier than 30 days prior to the time when the list is provided. No rebuttal response required.

XXXXX

XXXXXX

Rate/Term Refinance - Borrower initiated

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Credit

Tax Returns Obtained

Resolved

Credit

XXXX and XXXX Tax Returns were missing from the loan file. Unable to determine if there were unreimbursed employee expenses.

The Seller Provided Additional Documents for review.

Rebuttal (XX/XX/XXXX 1:18PM)

Complete XXXX and XXXX Tax Transcripts were provided confirming the borrower did not pay unreimbursed expenses. Finding resolved.

Response (XX/XX/XXXX 2:19PM)

XXXXX

XXXXXX

Rate/Term Refinance - Borrower initiated

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Valuation

Value is supported within 10% of original value and all applicable appraisal guidelines were found to be acceptable

Cleared

Valuation

The appraised value was supported within XXX% and all applicable appraisal guidelines were satisfied. Based on a review of the client provided appraisal and the analysis above, value of $XXXX is recommended.

XXXXX

XXXXXX

Cash Out: Other/Multi - purpose/Unknown purpose

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Valuation

Value is supported within 5% of original value and all applicable appraisal guidelines were found to be acceptable

Cleared

Valuation

The appraised value was supported within x% and all applicable appraisal guidelines were satisfied. The client supplied appraisal has a value of $XXXX as of XX/XX/XXXX. There are 4 sales and 1 listing. Most weight appears placed on sale #1, XXXX. It is on same street with similar view, and condition, inferior in size, lot size, androom count. It took the least amount of adjustments. It was supported by sales 2 & 3, XXXX and XXXX. Both of these sales were in superior condition to subject. The comparables chosen supported the subject's appraisal value.

XXXXX

XXXXXX

Cash Out: Other/Multi - purpose/Unknown purpose

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Credit

Miscellaneous

Resolved

Credit

The loan file did not contain the SGCP Loan Submission form.

The Loan Submission form was provided for review.

Rebuttal (XX/XX/XXXX 9:51AM)

Documentation received is sufficient. (Resolved)

Response (XX/XX/XXXX 10:24AM)

XXXXX

XXXXXX

Cash Out: Other/Multi - purpose/Unknown purpose

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Credit

Miscellaneous

Resolved

Credit

The subject loan was used to pay off a HELOC account. The loan file did not contain a letter requesting the HELOC to be closed or a final title policy reflecting HELOC closure.

The Seller provided additional documents for review.

Rebuttal (XX/XX/XXXX 9:50AM)

Documentation received is sufficient. (Resolved)

Response (XX/XX/XXXX 10:26AM)

XXXXX

XXXXXX

Cash Out: Other/Multi - purpose/Unknown purpose

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Credit

Credit Report

Resolved

Credit

The origination credit report was not legible, therefore, a correct verification of the monthly debts could not be determined. In addition, the FICO scores for both the borrower and coborrower could not be confirmed at audit.

The Seller provided additional documents for review.

Rebuttal (XX/XX/XXXX 9:52AM)

Documentation received is sufficient. (Resolved)

Response (XX/XX/XXXX 10:27AM)

XXXXX

XXXXXX

Cash Out: Other/Multi - purpose/Unknown purpose

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Credit

Program Parameters

Resolved

Credit

The subject loan does not meet Program Parameters for debts. Per Investor jumbo guides, all revolving debt reported on the credit report will be included in the DTI. The lender excluded revolving debt paid at closing and not closed. Including these debts in the DTI increases the DTI from XX% to XX%, which exceeds the max of XX%.

The Seller provided additional documents for review.

Rebuttal (XX/XX/XXXX 9:55AM)

Documentation received is sufficient. (Resolved)

Response (XX/XX/XXXX 10:29AM)

XXXXX

XXXXXX

Cash Out: Other/Multi - purpose/Unknown purpose

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Credit

REO Rental Income

Resolved

Credit

Rental income in the amount of $XXXX was included at origination for the property located at XXXX. Upon review of the lease, the tenant has the same last name as the borrowers and appears to be related. The lease was initiated on XX/XXXX, however, the loan file contains copies of only two checks from the tenant dated XX/XX/XXXX and XX/XX/XXXX reflecting receipt of rental income. When rental income is not included DTI increases from XX% to XX%.

The Seller provided additional Documents for review.

Rebuttal (XX/XX/XXXX 9:53AM)

Investor guidelines do not allow departure rental income to come from a family member tenant. Excluding departure rent the DTI is XX%. (Upheld) Rental income meets SG guidelines. It should be noted that documented rental income may not meet the guidelines of certain Investors. (Resolved)

Response (XX/XX/XXXX 10:33AM)Response (XX/XX/XXXX 2:57PM)

XXXXX

XXXXXX

Cash Out: Other/Multi - purpose/Unknown purpose

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Credit

Assets Misc

Resolved

Credit

Funds in the amount of $XX were required to be verified which included closing costs and reserves. Assets from XXXX account #XXXX, dated XX/XX/XXXX, were used to verify sufficient funds, however, is missing an additional one month statement as required per investor jumbo guidelines.

The Seller provided additional Documents for review.

Rebuttal (XX/XX/XXXX 9:54AM)

Documentation received is sufficient. (Resolved)

Response (XX/XX/XXXX 10:30AM)

XXXXX

XXXXXX

Cash Out: Other/Multi - purpose/Unknown purpose

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Compliance

TRID CD - Closing Information/Closing Date

Resolved

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Closing Date. The actual Closing Date is XX/XX/XXXX; however, the CD disclosed the date of XX/XX/XXXX. No rebuttal response required.

XXXXX

XXXXXX

Cash Out: Other/Multi - purpose/Unknown purpose

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/Disbursement Date

Resolved

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date. The Disbursement Date should be XX/XX/XXXX; however, the CD disclosed the date of XX/XX/XXXX. No rebuttal response required.

XXXXX

XXXXXX

Cash Out: Other/Multi - purpose/Unknown purpose

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Compliance

TRID CD - Missing fees

Resolved

Compliance

XXXXX

XXXXXX

Cash Out: Other/Multi - purpose/Unknown purpose

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Compliance

TRID CD - Section B incorrect payee

Resolved

Compliance

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under 'Section B. Services Borrower Did Not Shop For' of the revised CD issued on XX/XX/XXXX. However, this fee should not be retained by the Lender or Broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed. The payee for the following fee is incorrect: Credit Report (paid to Broker). No rebuttal response is required.

XXXXX

XXXXXX

Cash Out: Other/Multi - purpose/Unknown purpose

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Compliance

TRID CD - Optional/Alternative Table mismatch

Resolved

Compliance

The alternative CCTC table for transactions without a seller was not utilized. No rebuttal response required. .

XXXXX

XXXXXX

Cash Out: Other/Multi - purpose/Unknown purpose

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Compliance

TRID CD - Settlement Agent License

Resolved

Compliance

The license number is missing for the Individual Contact/Column 4 on the last revised CD issued on XX/XX/XXXX. No rebuttal response required.

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Valuation

Value is supported within 5% of original value and all applicable appraisal guidelines were found to be acceptable

Cleared

Valuation

The appraised value was supported within x% and all applicable appraisal guidelines were satisfied.The client supplied appraisal has a value of $XXXX as of XX/XX/XXXX. All six comps (four sales and twolistings) are within X mile radius. All sales are within X months of appraisal date. Unadjusted sales and/or list prices range from $XXXX to $XXXX. Per appraisal comp X has XXXX sqft, comp X has XXX sqft, comp X has XXX sqft, comp X has XXXX sqft, comp X has XXXX sqftand comp X has XXXX sqft. Sales differ from the subject and varied in attributes, however, after all factors were considered they appearedreasonable. After the appraisal and additional market data were reviewed, the subject’s appraised value appears reasonable for a home in thisarea with its attributes.

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Compliance

TRID CD ' Closing Information/File number Info

Resolved

Compliance

The CD issued on XX/XX/XXXX does not reflect the correct File number. No rebuttal response required.

XXXXX

XXXXXX

Other-than-first-time Home Purchase

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Credit

Financial Statements Obtained

Resolved

Credit

The XX/XX/XXXX Balance Sheets for XXXX Trucking and XXXX Transport were missing from the loan file.

The Seller provided additional Documents for review.Seller has provided additional docs for review.

Rebuttal (XX/XX/XXXX 4:26PM)Rebuttal (XX/XX/XXXX 11:29AM)

The Rebuttal Docs provided were XXXX Profit & Loss Statements which were included in the original loan file. XXXX Balance Sheets for XXXX Trucking and XXXX Transport are required to accompany the Profit & Loss Statements. Finding upheld. XXXX P&Ls and Balance Sheets provided forXXXX Trucking and XXXX Transport which satisfy investor requirements. Finding resolved.

Response (XX/XX/XXXX 8:03AM)Response (XX/XX/XXXX 11:30AM)

XXXXX

XXXXXX

Rate/Term Refinance - Borrower initiated

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.

XXXXX

XXXXXX

Rate/Term Refinance - Borrower initiated

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Compliance

Missing HOC Disclosure

Resolved

Compliance

The Homeownership Counseling Disclosure (HOC) is missing. No rebuttal response required. Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.20(a)

XXXXX

XXXXXX

Rate/Term Refinance - Borrower initiated

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Valuation

Value is supported within 5% of original value and all applicable appraisal guidelines were found to be acceptable

Cleared

Valuation

The client supplied appraisal has a value of $XXXX as of XX/XX/XXXX. All five comps (four sales and one listing) are within X mile radius. All sales are within X months of appraisal date. Unadjusted sales and/or list prices range from $XXXX to $XXXX. Sales differ from the subject and varied in attributes, however, after all factors were considered adjustments appeared reasonable. NOTE: MLS apepars to merge above grade and finished basment sqft in this area. After the appraisal and additional market data were reviewed, the subject’s appraised value appears reasonable for a home in this area with its attributes.

XXXXX

XXXXXX

First Time Home Purchase

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Closing

Security Instrument recorded.

Acknowledged

Closing

The Security Instrument provided in the loan file is not stamped True and Certified.

Doc uploaded

Rebuttal (XX/XX/XXXX 11:52AM)

The documentation provided is not sufficient to cure the finding. The document provided was not stamped "True and Certified". The document was edited with XXXXX typewriter. The document itself is not stamped. (Upheld)

Response (XX/XX/XXXX 11:58AM)

XXXXX

XXXXXX

First Time Home Purchase

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Compliance

TRID - Missing Closing Disclosure

Resolved

Compliance

Page 4 of the final revised CD issued on XX/XX/XXXX is missing from the loan file.

The documentation provided is sufficient to cure the finding. (Resolved)

Rebuttal (XX/XX/XXXX 12:01PM)

XXXXX

XXXXXX

First Time Home Purchase

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Valuation

Value is supported within 5% of original value and all applicable appraisal guidelines were found to be acceptable

Cleared

Valuation

The appraised value was supported within x% and all applicable appraisal guidelines were satisfied.

XXXXX

XXXXXX

First Time Home Purchase

Owner-occupied

$XXXXX

Sent to Client

XX/XX/XXXX

Credit

The loan meets all applicable credit guidelines

Cleared

Credit

The loan meets all applicable credit guidelines.