Exception Grades

Run Date - 3/5/2025 3:42:24 PM

SitusAMC Loan ID

Customer Loan ID

Seller Loan ID

Investor Loan Number

Unique Loan ID

Loan Exception ID

Exception ID

Exception Date

Exception Type

Exception Category

Exception Subcategory

15E Category

Exception

Exception Detail

Exception Information

Compensating Factors

Compensating Factor Information

Applying Party

Follow-up Comments

Cleared Date

Cured Date

Waived Date

Exception Level Grade

DBRS Initial Exception Rating

DBRS Final Exception Rating

Fitch Initial Exception Rating

Fitch Final Exception Rating

Kroll Initial Exception Rating

Kroll Final Exception Rating

Moody's Initial Exception Rating

Moody's Final Exception Rating

S&P Initial Exception Rating

S&P Final Exception Rating

Note Date

Property State

Occupancy

Purpose

Exception Remediation

Overall Initial Loan Grade

Overall Final Loan Grade

Credit Initial Loan Grade

Credit Final Loan Grade

Compliance Initial Loan Grade

Compliance Final Loan Grade

Property Initial Loan Grade

Property Final Loan Grade

Originator QM ATR Status

TPR QM ATR Status

Is Curable

[redacted]

[redacted]

[redacted]

[redacted]

46788891

25501956

Credit

Title

Document Error

Title

The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropiate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2024-08-14): . Reviewer Comment (2022-05-10): Client elects to waive

08/14/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46788891

25503579

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Self-Employed Tax Return Recency - QM

General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XX,  Most Recent Tax Return End Date XX/XX/XX, Tax Return Due Date XX/XX/XX.

Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XX, Most Recent Tax Return End Date XX/XX/XX, Tax Return Due Date XX/XX/XX.

Reviewer Comment (2022-05-10): Client elects to waive

05/10/2022

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46788891

25503580

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Self-Employed Tax Return Recency - QM

General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XX,  Most Recent Tax Return End Date XX/XX/XX, Tax Return Due Date XX/XX/XX.

Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XX, Most Recent Tax Return End Date XX/XX/XX, Tax Return Due Date XX/XX/XX.

Reviewer Comment (2022-05-10): Client elects to waive

05/10/2022

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

40450513

25524167

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.

Document verifying Closing Disclosure was provided to borrower at least three business days prior to closing was not provided in file.

Reviewer Comment (2022-05-11): XXXXX received XX/XX/XX CD. Seller Comment (2022-05-09): CD

05/11/2022

1

C

A

C

A

C

A

C

A

C

A

WA

Primary

Purchase

No Defined Cure

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

40450513

25532253

Credit

Income / Employment

Income Documentation

Missing Document

REO Documents are missing.

-

The statement reflecting the current HELOC payment was not found in the file for the property at XXXXX.  The loan application reflects the payment as $775.63 and the last statement found reflects $379.65.

Reviewer Comment (2022-05-10): The Mortgage payment for 2nd lien in the amount of $379.65 verified from the bank statement and the credit report. Document associated.  Exception cleared. Seller Comment (2022-05-09): The amount of 379 that that appears on the statement matches the amount listed on the credit report.  The higher amount was entered in error.

05/10/2022

1

C

A

C

A

C

A

C

A

C

A

WA

Primary

Purchase

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46973063

30607646

Credit

Guideline

Guideline Issue

Guideline

Missing required Transcripts (1040).

-

XXXXX 1040 or W-2 Transcript is missing for  XXXXX

Reviewer Comment (2024-04-18): XXXXX and XXXXX Transcript is received. Exception Cleared Buyer Comment (2024-04-17): Transcripts

04/18/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Second Home

Purchase

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46973063

30607647

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Require XX/XX/XX Mortgage payment History for primary Resident "XXXXX" and  a standard VOR completed by a professional management company or  bank statements/canceled checks and a lease agreement to document the term and payment are required for Previous rented property "XXXXX " to meet 24 months housing requirement.

Reviewer Comment (2024-03-26): VOR provided for XXXXX Buyer Comment (2024-03-25): VOR Reviewer Comment (2024-03-12): Received same Document. Require XX/XX/XX Mortgage payment history primary Resident "XXXXX" and a standard VOR completed by a professional management company or bank statements/canceled checks and a lease agreement to document the term and payment are required for Previous rented property "XXXXX " to meet 24 months housing requirement. Buyer Comment (2024-03-11): Credit

03/27/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Second Home

Purchase

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46973063

30607648

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $10,957.39 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower.

Complete Pages of Loan Estimates (LE's) is missing which were issued/Printed on XX/XX/XX, XX/XX/XX. (Only 3rd page Provided)

Reviewer Comment (2024-03-12): XXXXX received LEs and available COC suffice. Buyer Comment (2024-03-11): XX/XX/XX, XX/XX/XX and XX/XX/XX LE's

03/12/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Second Home

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

46973063

30607649

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $10,704.55 exceeds tolerance of $10,704.00.  Insufficient or no cure was provided to the borrower.

Complete Pages of Loan Estimates (LE's) is missing which were issued/Printed on XX/XX/XX, XX/XX/XX. (Only 3rd page Provided)

Reviewer Comment (2024-03-12): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception." Buyer Comment (2024-03-11): Please see uploaded LE's

03/12/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Second Home

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

46973063

30607650

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $10,704.55 exceeds tolerance of $10,704.00.  Sufficient or excess cure was provided to the borrower at Closing.

Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception."

Reviewer Comment (2024-03-12): Sufficient Cure Provided At Closing

03/12/2024

1

A

A

A

A

A

FL

Second Home

Purchase

Final CD evidences Cure

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

47659056

30924841

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail.

Waterfall due to DTI exception.

Reviewer Comment (2024-05-10): Exception Cleared, received 12 months Business bank statement for Account XXXXX reflects payment made by business for XXXXX Loan and received All Business bank statements and Personal Account statements along with IRA statements. Buyer Comment (2024-05-09): waterfall

05/10/2024

1

B

A

C

A

B

A

C

A

B

A

TX

Primary

Purchase

Lender to provide updated ATR/QM status

D

A

D

A

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

47659056

30924842

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Income and Assets - REO 25% Method

General QM: Unable to verify Real Estate Owned income (25% Method) using reasonably reliable third-party records.

Missing the required lease agreement.

Reviewer Comment (2024-05-10): Lease agreement received. Exception cleared. Buyer Comment (2024-05-09): Please see rental lease agreement for XXXXX with deposit for $3k and $6k first months rent. This was provided in the original package).

05/10/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

D

A

D

A

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47659056

30924843

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor and QM DTIs match and both significantly exceed Guidelines

General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of 58.07261% significantly exceeds the guideline maximum of 50.00%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.)

XXXXX was omitted per the approval and AUS. 12 months bank statements and CPA LOE showing paid by business were required and not provided.

Reviewer Comment (2024-05-10): Exception Cleared, received 12 months Business bank statement for Account XXXXX reflects payment made by business for XXXXX Loan. Buyer Comment (2024-05-09): (We provided business bank statement from XXXXX reflecting XXXXX auto payments of $2401.55 from XXXXX - XXXXX. Along with cpa letter. Excluding debt meet agency requirements. Use of business funds have no adverse effect to the business, cash flow provided) Buyer Comment (2024-05-09): Please see rental lease agreement for XXXXX with deposit for $3k and $6k first months rent. This was provided in the original package).

05/10/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

D

A

D

A

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47659056

30924846

Credit

Borrower and Mortgage Eligibility

Mortgage / Program Eligibility

Borrower and Mortgage Eligibility

AUS Findings: Investor qualifying total debt ratio discrepancy.

XXXXX was omitted per the approval and AUS. 12 months bank statements and CPA LOE showing paid by business were required and not provided.

Reviewer Comment (2024-05-10): Exception Cleared, received 12 months Business bank statement for Account XXXXX reflects payment made by business for XXXXX Loan. Buyer Comment (2024-05-09): DUPLICATE:::: We provided business bank statement from XXXXX reflecting XXXXX auto payments of $2401.55 from XXXXX - XXXXX. Along with cpa letter. Excluding debt meet agency requirements)

05/10/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

D

A

D

A

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47659056

30924847

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

AUS Findings: Qualifying asset balance discrepancy.

Missing the asset documentation shown on the application and AUS.

Reviewer Comment (2024-05-10): Exception Cleared, received All Business bank statements and Personal Account statements along with IRA statements. Buyer Comment (2024-05-09): Used 3 XXXXX personal $XXX, XXXXX 2 investments $XXX, XXXXX 3 IRAs $XXX5 = subtotal $XXX business accts $XXXX =  total $XXXXX sufficient to cover 120% of ftc. Total funds to close are $XXX, as reflected on the final cd.) See 1008, assets & final CD.

05/10/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

D

A

D

A

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47659056

30924848

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: Investor qualifying total debt ratio discrepancy.

XXXXX was omitted per the approval and AUS. 12 months bank statements and CPA LOE showing paid by business were required and not provided.

Reviewer Comment (2024-05-10): Exception Cleared, received 12 months Business bank statement for Account XXXXX reflects paymet made by business for XXXXX Loan. Buyer Comment (2024-05-09): DUPLICATE

05/10/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

D

A

D

A

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47659056

30924849

Credit

Income / Employment

Income Documentation

Income / Employment

Verification(s) of employment is not within 10 business days of the Note.

-

Verification(s) of employment is not within 10 business days of the Note.

Reviewer Comment (2024-05-08): Received Verification of employment within 10 business days of the Note. Exception cleared. Buyer Comment (2024-05-07): voe upld

05/08/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

D

A

D

A

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47659056

30924850

Credit

Income / Employment

Income Documentation

Income / Employment

Verification(s) of employment is not within 10 business days of the Note.

-

Verification(s) of employment is not within 10 business days of the Note.

Reviewer Comment (2024-05-08): Received Verification of employment within 10 business days of the Note. Exception cleared. Buyer Comment (2024-05-07): voe's upld to trailing docs

05/08/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

D

A

D

A

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47659056

30924851

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Appraisal is missing. Sec ID: 1

Appraisal is not provided in the file.

Reviewer Comment (2024-05-08): Received Appraisal Report and verified the information. Exception cleared. Buyer Comment (2024-05-07): aprsl upld

05/08/2024

1

D

A

D

A

D

A

D

A

D

A

TX

Primary

Purchase

D

A

D

A

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47659056

30924853

Credit

Asset

Asset Calculation / Analysis

Asset

Available for Closing is insufficient to cover Cash From Borrower.

Missing the asset documentation shown on the application and AUS.

Reviewer Comment (2024-05-10): Exception Cleared, received All Business bank statements and Personal Account statements along with IRA statements. Buyer Comment (2024-05-09): DUPLICATE

05/10/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

D

A

D

A

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47659056

30924854

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.

Reviewer Comment (2024-05-08): Received Appraisal Report and verified the information. Exception cleared. Buyer Comment (2024-05-07): aprsl upld to trl docs is effective XX/XX/XX, no disaster rpt needed.

05/08/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

D

A

D

A

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47659056

30924855

Credit

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Missing Document: Appraisal not provided

Appraisal is missing in the file.

Reviewer Comment (2024-05-13): Received confirmation of appraisal report e-mail to borrower of appraisal effective date XX/XX/XX & XX/XX/XX. Exception Cleared. Buyer Comment (2024-05-10): proof Buyer Comment (2024-05-10): XX/XX/XX app Reviewer Comment (2024-05-08): Evidence the borrower was provided a copy of appraisal within 3 business days prior to consummation for Appraisal Reports dated XX/XX/XX and XX/XX/XX are required. Exception remains. Buyer Comment (2024-05-07): aprsl upld to trailing docs

05/13/2024

1

D

A

D

A

D

A

D

A

D

A

TX

Primary

Purchase

D

A

D

A

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47659056

30924856

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Violation

General QM: Based on the loan failing one or more guideline components, the loan is at QM risk.

Waterfall due to DTI exception and missing income/asset documentation.

Reviewer Comment (2024-05-10): Exception Cleared, received 12 months Business bank statement for Account XXXXX reflects payment made by business for XXXXX Loan and received All Business bank statements and Personal Account statements along with IRA statements. Buyer Comment (2024-05-09): waterfall

05/10/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

D

A

D

A

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47659056

30924857

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Income/Asset Guideline Deficiency - QM Impact

General QM:  There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.)

Missing asset documentation and documentation so support rental income on departing residence.

Reviewer Comment (2024-05-10): Exception Cleared, received All Business bank statements and Personal Account statements along with IRA statements. Buyer Comment (2024-05-09): dup

05/10/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

D

A

D

A

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47659056

30924858

Credit

Asset

Asset Documentation

Asset

Asset documentation requirements not met.

Missing asset documentation shown on application and AUS.

Reviewer Comment (2024-05-10): Exception Cleared, received All Business bank statements and Personal Account statements along with IRA statements. Buyer Comment (2024-05-09): duplicate

05/10/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

D

A

D

A

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47659056

30924859

Credit

Income / Employment

Income Documentation

Income / Employment

Income documentation requirements not met.

Missing documentation to support rental income used on departing residence.

Reviewer Comment (2024-05-08): Received Verifications of employment within 10 business days of the Note. Exception cleared.

05/08/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

D

A

D

A

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47659056

30924860

Credit

Income / Employment

Income Documentation

Missing Document

REO Documents are missing.

-

Missing mortgage statement, insurance verification, and lease agreement.

Reviewer Comment (2024-05-10): Mortgage statements reflecting taxes and insurance escrowed provided. Reviewer Comment (2024-05-10): EXCEPTION HISTORY - Exception Explanation was updated on XX/XX/XX PRIOR Exception Explanation: Insurance Verification, Lease Agreement, Statement Buyer Comment (2024-05-10): mtg statement for XXXXX was provided documenting taxes & ins. Reviewer Comment (2024-05-10): Received Lease agreement. However file missing mortgage statement, insurance verification for property address :  XXXXX. Provided Tax certificate does not have property address. Exception remains. Buyer Comment (2024-05-09): (We provided Mtg statement from XXXXX which reflects escrows for taxes & ins / $1180.37. We also provided the executed rental lease agreement.

05/10/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

D

A

D

A

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47659056

30924861

Credit

Income / Employment

Income Documentation

Missing Document

REO Documents are missing.

-

Missing Mortgage statement, insurance and tax verification.

Reviewer Comment (2024-05-10): Received Mortgage statement, insurance and tax verification for Property address. XXXXX. Exception cleared. Buyer Comment (2024-05-09): (We provided docs on XXXXX. OXXXXX.HOI. Taxes paid by Coop, hoa includes taxes).

05/10/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

D

A

D

A

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47659056

30924862

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

AUS/Guideline Findings: All conditions were not met

Missing required appraisal.

Reviewer Comment (2024-05-08): Received Appraisal Report and verified the information. Exception cleared. Buyer Comment (2024-05-07): aprsl upld to trailing docs

05/08/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

D

A

D

A

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47659056

30924863

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2

Reviewer Comment (2024-05-13): Received Secondary Valuation, information validated. Exception Cleared. Buyer Comment (2024-05-10): cda

05/13/2024

1

A

A

A

A

A

TX

Primary

Purchase

D

A

D

A

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41225092

31311774

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $703.60 exceeds tolerance of $580.00.  Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-08-07): Sufficient Cure Provided At Closing

08/07/2024

1

A

A

A

A

A

A

A

A

A

A

MI

Second Home

Refinance - Cash-out - Other

Final CD evidences Cure

A

A

A

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

41030807

31768958

Credit

Loan Package Documentation

Closing / Title

Missing Document

Missing Document: Security Instrument - Subject Lien not provided

The file was missing a copy of the Security Instrument.

Reviewer Comment (2024-10-07): Received Security Instrument. Exception cleared.

10/07/2024

1

D

A

D

A

D

A

D

A

D

A

NJ

Primary

Purchase

D

B

D

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41030807

31768961

Credit

Loan Package Documentation

Application / Processing

Missing Document

Missing Document: AUS not provided

The file was missing a copy of the AUS.

Reviewer Comment (2024-10-15): Received AUS. Exception cleared.

10/15/2024

1

C

A

C

A

C

A

C

A

C

A

NJ

Primary

Purchase

D

B

D

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41030807

31768964

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: Investor qualifying total debt ratio discrepancy.

Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___.

Calculated investor qualifying total debt ratio of 54.38236% exceeds Guideline total debt ratio of 50.00000%. Approval in file reflects loan was approved with DTI of 54.38% and max allowed per guidelines is 50%.

Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-10-15): Client elects to waive. Comp factors: 41 months reserves, 788 FICO, and 64% LTV. Reviewer Comment (2024-10-15): EXCEPTION HISTORY - Exception Explanation was updated on 10/XX/2024 PRIOR Exception Explanation: Calculated investor qualifying total debt ratio of 54.38236% exceeds Guideline total debt ratio of 50.00000%. Buyer Comment (2024-10-11): GS to review

10/15/2024

2

C

B

C

B

C

B

C

B

C

B

NJ

Primary

Purchase

D

B

D

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41030807

31770750

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk.

Loan designation failure due to QM failure.  This exception will be cleared once all QM specific exceptions have been cured/cleared.

Reviewer Comment (2024-10-15): GS waived DTI requirement. Exception cleared.

10/15/2024

1

B

A

C

A

B

A

C

A

B

A

NJ

Primary

Purchase

Lender to provide updated ATR/QM status

D

B

D

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

41030807

31770751

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor and QM DTIs match and both moderately exceed Guidelines

General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of 51.18922% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.)

Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. The Loan to Value (LTV) on the loan is less than or equal to 70%. The representative FICO score is above 680.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-10-15): Client elects to waive. Comp factors: 41 months reserves, 788 FICO, and 64% LTV. Reviewer Comment (2024-10-15): EXCEPTION HISTORY - Exception Detail was updated on 10/15/2024 PRIOR Exception Detail: General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of 54.38236% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) Buyer Comment (2024-10-11): GS to review

10/15/2024

2

C

B

C

B

C

B

C

B

C

B

NJ

Primary

Purchase

D

B

D

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41030807

31770752

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Violation

General QM: Based on the loan failing one or more guideline components, the loan is at QM risk.

Reviewer Comment (2024-10-15): GS waived DTI requirement. Exception cleared.

10/15/2024

1

C

A

C

A

C

A

C

A

C

A

NJ

Primary

Purchase

D

B

D

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

49048141

31680512

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2

The file is missing a copy of the secondary valuation required for securitization purposes.

Reviewer Comment (2024-10-04): Received CDA verified and updated the details. Exception Cleared. Reviewer Comment (2024-09-30): Effective date in provided CDA report does not match with Appraisal report. Per 1004 effective date is 7/XX/XX/XX. Please provide corrected CDA report. Exception remains.

10/04/2024

1

D

A

D

A

D

A

D

A

D

A

FL

Primary

Purchase

D

B

A

B

A

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

49048141

31772466

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

The subject property is located in a FEMA disaster area that does not have a declared end date.  The appraisal was performed after the FEMA declaration start date but prior to the declared end date.

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than or equal to 70%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score is above 680.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-10-22): Client elects to waive. Comp factors: 65% CLTV, 720 FICO & 20mo reserves Reviewer Comment (2024-10-21): Client to review. Reviewer Comment (2024-10-18): EXCEPTION HISTORY - Exception Explanation was updated on XX/XX/XX PRIOR Exception Explanation: Disaster Name: XXXX Disaster Declaration Date: XX/XX/XX Reviewer Comment (2024-10-18): No end date declared yet. PDI verifying no damage cannot be accepted until an end date is declared. Reviewer Comment (2024-10-04): Received Property Completion Report verified and updated the details. Exception Cleared.

10/22/2024

2

B

B

B

B

B

FL

Primary

Purchase

D

B

A

B

A

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

48371306

31952128

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

10/22/2024

2

B

B

B

B

B

B

B

B

B

B

AZ

Primary

Purchase

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47168589

32195605

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

The property is located in FEMA Disaster area.  Provide a post-disaster inspection verifying there was no damage.  The inspection must include exterior photos, and the property must be re-inspected on or afte rXX/XX/XX declared end date.

Reviewer Comment (2024-12-03): 442 provided reflecting no damage. Exception cleared. Reviewer Comment (2024-11-25): Client to review

12/03/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Second Home

Purchase

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47168589

32195684

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail.

Loan designation failure due to QM failure.  This exception will be cleared once all QM specific exceptions have been cured/cleared.

Reviewer Comment (2024-12-10): Evidence of the undiscounted rate and undiscounted rate price provided.

12/10/2024

1

B

A

C

A

B

A

C

A

B

A

FL

Second Home

Purchase

Lender to provide updated ATR/QM status

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

47168589

32195685

Compliance

Compliance

Federal Compliance

ATR/QM Defect

QM Points and Fees 2021

Qualified Mortgage (Dodd Frank 2014): Points and Fees on subject loan of 4.02478% is in excess of the allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $XXXX on a Federal Total Loan Amount of $4XXXX vs. an allowable total of $XXX (an overage of $XXXX%).

QM Points and Fees exceed allowable threshold by $XXXX or 1.02478%.

Reviewer Comment (2024-12-10): Evidence of the undiscounted rate and undiscounted rate price provided. Seller Comment (2024-12-06): (XXXXX) The discount points are bona fide. $7,300 was excluded from the QM points and Fees calculation. All QM tests are passing and the Compliance Ease report which was run on XX/XX/XX reflects passing.

12/10/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Second Home

Purchase

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

49525555

31974562

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits.  Final Lender Credit of $-6,134.40 exceeds tolerance of $-9,494.00. Insufficient or no cure was provided to the borrower.

Lender Credits was last disclosed as $-9494.00 on LE but disclosed as $-6,134.40.00 on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file.

Reviewer Comment (2024-11-01): XXXXX received rate lock dated XX/XX/XX Seller Comment (2024-10-30): On XX/XX/XX there was a relock on the file that caused pricing to increase. On wholesale loans lock actions are acceptable changes and circumstance. A Closing Disclosure went out to the Borrower on the same day. Final Cost to the Borrower of -0.639% or -$XXX. Please see attached lock confirmation and Closing Disclosure.

11/01/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

49525555

31974570

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

The subject property is located a FEMA disaster area that does not have a declared end date. The appraisal was performed after the FEMA declaration start date but prior to the declared end dated.

Reviewer Comment (2024-11-08): Disaster end date updated. Exception replaced. Reviewer Comment (2024-11-08): Provided Property Inspection report is already in file dated XX/XX/XX, however the most recent disaster end date was XX/XX/XX, Provide a post-disaster inspection report (after disaster end date XX/XX/XX) verifying that there was no damage. Exception remains. Seller Comment (2024-11-07): Please see attached.

11/08/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Purchase

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

49525555

32072821

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___

Provided Property Inspection report is already in file dated XX/XX/XX, however the most recent disaster end date was XX/XX/XX, Provide a post-disaster inspection report (after disaster end date XX/XX/XX) verifying that there was no damage. Exception remains.

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than or equal to 70%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The qualifying DTI on the loan is less than or equal to 35%. The representative FICO score exceeds the guideline minimum by at least 40 points. The representative FICO score is above 680.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-11-08): Client elects to waive. Comp factors: 60% LTV, 801 FICO & 47mo reserves

11/08/2024

2

B

B

B

B

B

FL

Primary

Purchase

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47351545

31738272

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2

The file is missing a copy of the secondary valuation required for securitization purposes.

Reviewer Comment (2024-10-01): Field Review associated and details updated. Exception is cleared. Seller Comment (2024-09-30): The entirety of the second page is only completed when the appraiser disagrees with the original value, as the appraiser has marked "YES" on page 1 question 10 for if the market value is accurate they would not complete page 2. Reviewer Comment (2024-09-30): Field Review document is already available in file however REVIEW APPRAISER'S OPINION OF MARKET VALUE Section on page 2 is blank hence not considered. Please provide acceptable document for secondary valuation. Exception remains. Seller Comment (2024-09-30): Good morning! Please see pgs 749-761 of the original file upload for the secondary valuation. Thank you!

10/01/2024

1

D

A

D

A

D

A

D

A

D

A

NC

Primary

Purchase

D

B

A

B

A

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47351545

31776477

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

The subject property is located in a FEMA disaster area that does not have a declared end date.  The appraisal was performed after the FEMA declaration start date but prior to the declared end date.

Borrower has been employed in the same industry for more than 5 years. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than or equal to 70%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. The representative FICO score is above 680.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-10-22): Client elects to waive. Comp factors: 53% CLTV, 807 FICO & 152mo reserves Reviewer Comment (2024-10-21): Client to review. Reviewer Comment (2024-10-18): No end date declared yet. PDI verifying no damage cannot be accepted until an end date is declared. Reviewer Comment (2024-10-09): Received Disaster inspection report, inspection date updated and document associated. Exception is cleared. Seller Comment (2024-10-08): Clear disaster inspection

10/22/2024

2

B

B

B

B

B

NC

Primary

Purchase

D

B

A

B

A

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47571781

31851709

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

10/08/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Other

C

B

B

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47571781

31851725

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Waiver Less than 3 Days From Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Borrower provided appraisal waiver less than three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

Reviewer Comment (2024-10-16): Client elects to waive.

10/16/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Other

C

B

B

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47571781

31851729

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Total Of Payments

TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX disclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated XX/XX/XX).  The disclosed Total of Payments in the amount of $XXXX is under disclosed by $297.79 compared to the calculated total of payments of $XXXX which exceeds the $35.00 threshold.

Final Closing Disclosure provided on XX/XX/XX disclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated XX/XX/XX). The disclosed Total of Payments in the amount of $XXXX is under disclosed by $297.79 compared to the calculated total of payments of $XXX which exceeds the $35.00 threshold.

Reviewer Comment (2024-10-16): XXXXX received copy of the XX/XX/XX PCCD & LOE to borrower.  However, costs in Section D increased from the Final CD which resulted in the Final CD being underdisclosed over tolerance of $297.79. Cure would include Corrected CD, LOE to borrower, copy of cure refund for total underdisclosure of $297.79, proof of mailing and proof of reopening of rescission on this material disclosure violation.

12/11/2024

2

C

B

C

B

C

B

C

B

C

B

CA

Primary

Refinance - Cash-out - Other

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable

C

B

B

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

47571781

32361003

Compliance

Compliance

Federal Compliance

TILA

TILA Extended Rescission: Inaccurate material disclosures provided to borrower at consummation on a rescindable transaction resulting in extended rescission rights (3 years from consummation).  Re-disclosure of accurate material disclosures, LOE, re-opening of rescission and proof of delivery required.

XXXXX received Corrected CD, LOE to borrower, copy of cure refund and proof of mailing for TOP underdisclosure violation.  Missing proof of reopening of rescission to all consumers to finalize cure requirements.

Reviewer Comment (2024-12-19): Proof of Delivery, and Re-opened Rescission to XX/XX/XX using the correct notice of rescission model form were provided.

12/19/2024

2

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Other

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct notice of rescission model form

C

B

B

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

45768168

31789631

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk.

Loan designation failure due to ATR failure.  This exception will be cleared once all ATR specific exceptions have been cured/cleared.

Reviewer Comment (2024-12-19): Received income documentation. Exception cleared.

12/19/2024

1

B

A

C

A

B

A

C

A

B

A

CA

Primary

Purchase

Lender to provide updated ATR/QM status

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

45768168

31789632

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor and QM DTIs match and both significantly exceed Guidelines

General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of 64.81349% significantly exceeds the guideline maximum of 50.00%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.)

The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of 64.81349% significantly exceeds the guideline maximum of 50.00%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.)

Reviewer Comment (2024-12-19): Received income documentation. Exception cleared.

12/19/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45768168

31789634

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $56.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower.

Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $56.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower.

Reviewer Comment (2024-10-23): XXXXX received valid COC dated XX/XX/XX Seller Comment (2024-10-21): Cofc was entered and approved on XX/XX/XX, the XXXXX internal cofc form was printed to the file the following day. Please see attached cofc history and revised document Reviewer Comment (2024-10-08): XXXXX received COC dated XX/XX/XX, however fee added on CD dated XX/XX/XX which is prior to COC date. A valid Changed Circumstance or cure is required.  Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Seller Comment (2024-10-07): Please see attached accepted Change Of Circumstances Request, and Underwriting Appraisal Re-Inspection Fee Condition. There was a valid COFC accepted for adding the Appraisal Re-Inspection Fee. Please see attached UW condition, the Underwriter conditioned for a Appraisal Re-Inspection Fee on XX/XX/XX in order to proceed with underwriter.

10/23/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

45768168

31789901

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The file was missing a copy of the final title policy.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

10/02/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45768168

31790686

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: Investor qualifying total debt ratio discrepancy.

Calculated investor qualifying total debt ratio of 64.81349% exceeds Guideline total debt ratio of 50.00000%. Lender used higher rental income for property at XXXXX than calculated. Lender reflects income as $6304.54, however calculated is $1,144.99.

Reviewer Comment (2024-12-19): Received income documentation. Exception cleared. Reviewer Comment (2024-12-05): File follows XXXXX which stats the following for Interest and Dividend income: The taxable interest and dividend income that is reported on IRS Form 1040, Schedule B, may be counted as stable income only if it has been received for the past two years. However, the income cannot be counted if the borrower is using the interest-bearing or dividend-producing asset as the source of the down payment or closing costs. Any taxable interest or dividend income that is not recurring must be deducted from the borrower's cash flow. Tax-exempt interest income may be counted as stable income only if it has been received for the past two years and is expected to continue. If so, this income can be added to the borrower's cash flow.  If seller is asking to have this income considered, please have additional income documentation provided. The selling guide does not indicate statements from unfiled tax returns are allowed. Seller Comment (2024-12-04): XX/XX/XX CW - See attached statements. XXXXX reflects $8211.04 in D&I YTD, Discover reflects $5962.70 Interest YTD, XXXXX reflects $251.75 year to date, and XXXXX shows $18,498.03 YTD. This totals the $32923.52. Reviewer Comment (2024-12-03): Provided UW worksheet reflects $32923.52 income for the year XXXXX however we are unable to determine this amount from provided bank statement. Please provide income worksheet evidencing how $32923.52 are derived. Exception remains. Seller Comment (2024-12-02): XX/XX/XX CW - See attached calc, this is a XXXXX and XXXXX average, using XXXXX returns and XXXXX statements already provided. Guidelines require a 2 year review of this income. The $32923.52 for XXXXX is their combined total interest payments on all XXXXX year end statements. Reviewer Comment (2024-11-29): Provided XXXXX tax rerurns for dividend calculation, Please provide UW Income calculation worksheet from XXXXX statements or XXXXX tax returns. Exception Remains. Seller Comment (2024-11-27): XX/XX/XX CW - Per XXXXX B3-3.1-09, copies of the borrower's signed federal income tax returns, OR copies of account statements can be used to calculate. We used a 2-year average using XXXXX returns and XXXXX statements. Reviewer Comment (2024-11-26): Provided UW worksheet shows the dividend calculation for the year XXXXX, and XXXXX is already calculated. Please provide XXXXX tax returns. Exception remains. Seller Comment (2024-11-25): XX/XX/XX CW - Please see attached income worksheet and statements to support $1,593.36 Dividends/Interest Calculation Reviewer Comment (2024-11-22): Note document for $XxX is reflects payee name as (XXXXX). Please provide supporting documents for the same. Also please note that, after considering both Notes receivable income, DTI still exceeds guidelines limit. Exception remains. Seller Comment (2024-11-21): XX/XX/XX CW - See attached note for $XXX, unclear what clarification is needed, the income is documented and received by the borrowers. Reviewer Comment (2024-11-20): Provided Note documents has been reviewed for the amount of $XXX, however it reflects the "XXXXX" which is owned by both borrowers per bank statement, please provide clarification on this. Also, note that Note document for the amount of $XXX is missing. Exception remains. Seller Comment (2024-11-19): XX/XX/XX CW - We agree income for this property was miscalculated, however the borrower has sufficient other income to qualify. Additional income includes 2 Notes Receivable for $XXX and $XXX, required minimum distributions from their IRAs from XXXXX ($XXX) and XXXXX ($XXX), and Dividends and Interest claimed on tax returns and additional asset statements for XXXXX to average income over 2 years for guideline. See attached.

12/19/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45768168

31790974

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Violation

General QM: Based on the loan failing one or more guideline components, the loan is at QM risk.

Reviewer Comment (2024-12-19): Received income documentation. Exception cleared.

12/19/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41447213

31852285

Credit

Insurance

Insurance Analysis

Insurance

Insufficient Coverage: Hazard insurance coverage amount is insufficient.

HOI coverage is insufficient by $58,535.00 Provide updated policy reflecting minimum coverage of $1,026,035 OR provide copy of insurer's replacement cost estimate supporting current coverage amount.

Reviewer Comment (2024-11-18): Additional coverage updated from Replacement Cost Estimator and document associated. Sufficient amount of insurance coverage available. Exception is cleared. Reviewer Comment (2024-10-22): Please note that, Extended replacement cost will be 25% not 125%. Currently we have Dwelling of $XXX + 25% Extended Replacement cost $XXX. Total $XXX which is insufficient coverage. Please provide updated Hazard Insurance Policy or Replacement Cost Coverage (RCE). Exception remains. Seller Comment (2024-10-21): (XXXXX) There is an additional extended replacement of 125% which would be $XXX + Dwelling of $XXX for a total coverage of $XXX Wouldn't this be the correct amount the policy insures, is that correct?

11/18/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Rate/Term

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41447213

31858281

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Title policy account  not stated

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

10/08/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Rate/Term

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41598799

32021967

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

10/30/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45973717

31829512

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $998.60 exceeds tolerance of $975.00.  Sufficient or excess cure was provided to the borrower at Closing.

Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $998.60 exceeds tolerance of $975.00. Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-10-07): Sufficient Cure Provided At Closing

10/07/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Purchase

Final CD evidences Cure

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

45973717

31829513

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $275.00 exceeds tolerance of $200.00.  Sufficient or excess cure was provided to the borrower at Closing.

Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $275.00 exceeds tolerance of $200.00. Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-10-07): Sufficient Cure Provided At Closing

10/07/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Purchase

Final CD evidences Cure

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

45973717

31829531

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2024-12-17): .

10/07/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42751522

31952856

Credit

Documents

Missing Document

Documents

File does not contain documentation from lender/seller confirming the condo is warrantable.

-

The file is missing documentation confirming the condo project is warrantable.

Reviewer Comment (2024-10-29): Warrantable Project Attestation Form received and associated. Exception is cleared. Seller Comment (2024-10-28): XX/XX/XX AMB: Please see attached.

10/29/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42751522

31952876

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits.  Final Lender Credit of $-4,922.62 exceeds tolerance of $-6,450.67. Insufficient or no cure was provided to the borrower.

Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-4,922.62 exceeds tolerance of $-6,357.00. Insufficient or no cure was provided to the borrower.

Reviewer Comment (2024-11-06): Lender credit was reduced via a rebaseline event (repricing). Seller Comment (2024-11-04): Disagree - Please see attached Final Seller Closing Disclosure page one, Closing Disclosure PCCD page 3, and Final Settlement Statement page 1. There was a seller credit given that states it was to cover the extension.

11/06/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

44887073

31997218

Credit

Title

General

Title

Title Policy Coverage is less than Original Loan Amount.

The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

10/29/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44887073

31997790

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Processing Fee.  Fee Amount of $100.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower.

Title - Processing Fee was not disclosed on Loan Estimate.  File does not contain a valid COC for this fee, nor evidence of cure.  Provide a post-close CD disclosing the tolerance cure to include $100.00, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.

Reviewer Comment (2024-12-05): XXXXX Received Corrected PCCD and LOE moving fee to section C. Reviewer Comment (2024-11-06): XXXXX received PCCD, however Title - processing fee got added on PCCD sec B. Cure is required.  Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check.

12/05/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

44887073

31998032

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

10/29/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45543108

31812239

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.

Verification appraisal was delivered to borrower was not provided.

10/04/2024

2

B

B

B

B

B

B

B

B

B

B

WA

Primary

Purchase

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45543108

31812241

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application

RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within three (3) business days of application.

RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within three (3) business days of application.

Reviewer Comment (2024-10-16): Client elects to waive. Seller Comment (2024-10-16): The broker /broker office (XXXXX) is not affiliated with any other payees on this loan transaction, so an affiliated business disclosure was not provided. The affiliated business disclosure on file was provided by title regarding titles affiliations (of which were also not associated with the loan). This is not a material finding, please clear exception Reviewer Comment (2024-10-14): Exception is for affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application. No new documentation provided. Exception remains. Seller Comment (2024-10-14): See attached Lock Action with highlighted undiscounted rate, bonafide discount (if applicable) and calculation portion. Par rate(also known as undiscounted rate) is within 2% higher than APOR which allows for 1% bonafide discount to be applied. The Undiscounted Interest Rate Price is $0.

10/16/2024

2

B

B

B

B

B

B

B

B

B

B

WA

Primary

Purchase

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45581859

32047880

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

11/04/2024

2

B

B

B

B

B

B

B

B

B

B

TN

Primary

Purchase

C

B

C

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45581859

32047881

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

11/04/2024

2

B

B

B

B

B

B

B

B

B

B

TN

Primary

Purchase

C

B

C

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45581859

32047941

Credit

Income / Employment

Income Documentation

Income / Employment

Verification(s) of employment is not within 10 business days of the Note.

-

This file was missing a copy of VVOE.  Per guidelines, Verbal Verification of Employment VVOE completed within 10 days of closing must be provided.

Reviewer Comment (2024-11-21): Received and associated Third Party Verification of Employment within 10 days of closing. Exception is cleared. Seller Comment (2024-11-21): Attached. Reviewer Comment (2024-11-12): Provided VOE dated XX/XX/XX which is after Note date (XX/XX/XX), please provide VVOE within 10 business days of the note. Exception Remains. Seller Comment (2024-11-11): VOE uploaded Reviewer Comment (2024-11-08): Paystub is not acceptable in lieu of VVOE. Please provide VVOE within 10 business days prior to the note date. Exception remains. Seller Comment (2024-11-08): Please advise if a paystub dated within 10 business days prior to the Note date is acceptable to provide.

11/21/2024

1

C

A

C

A

C

A

C

A

C

A

TN

Primary

Purchase

C

B

C

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43270231

31997715

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

10/29/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Rate/Term

B

B

B

B

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43270231

31998387

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Self-Employed Tax Return Recency - QM

General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XX,  Most Recent Tax Return End Date XX/XX/XX, Tax Return Due Date XX/XX/XX.

The file is missing the XXXXX personal and business tax returns. Evidence of extension provided in file for XXXXX and XXXXX.  The file contained a copy of the XXXXX and XXXXX 1040's and business returns.

Reviewer Comment (2024-11-07): Client elects to waive. Seller Comment (2024-11-07): TR Docs for Review Reviewer Comment (2024-10-31): Client to review.

11/07/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Rate/Term

B

B

B

B

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46855883

31901753

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

10/14/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Second Home

Purchase

C

B

B

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46855883

31901755

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.

Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.

Reviewer Comment (2024-10-22): XXXXX received initial CD. Seller Comment (2024-10-21): attached

10/22/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Second Home

Purchase

No Defined Cure

C

B

B

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46855883

31901777

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

10/14/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Second Home

Purchase

C

B

B

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46855883

31902953

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $860.00 exceeds tolerance of $845.00.  Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-10-14): Sufficient Cure Provided At Closing

10/14/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Second Home

Purchase

Final CD evidences Cure

C

B

B

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

44298088

32020001

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail.

Loan designation failure due to ATR failure.  This exception will be cleared once all ATR specific exceptions have been cured/cleared.

Reviewer Comment (2024-11-20): Third party verification of business was provided.

11/20/2024

1

B

A

C

A

B

A

C

A

B

A

CA

Primary

Purchase

Lender to provide updated ATR/QM status

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

44298088

32020002

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Employment - Partnership

General QM: Unable to verify current Partnership status using reasonably reliable third-party records.

The file was missing a copy of the third-party document.

Reviewer Comment (2024-11-20): Third party verification of business was provided. Seller Comment (2024-11-18): XXXX Reviewer Comment (2024-11-15): Third party verification provided is dated post closing and is required within 120 days prior to consummation. Exception remains. Seller Comment (2024-11-13): XXX

11/20/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44298088

32020003

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Employment - Partnership

General QM: Unable to verify current Partnership status using reasonably reliable third-party records.

The file was missing a copy of the third-party document.

Reviewer Comment (2024-11-20): Third party verification of business was provided. Seller Comment (2024-11-18): XXXX Reviewer Comment (2024-11-15): Third party verification provided is dated post closing and is required within 120 days prior to consummation. Exception remains. Seller Comment (2024-11-13): XXXX

11/20/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44298088

32020582

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: PITIA reserves months discrepancy.

Calculated PITIA months reserves of 10.97 is less than Guideline PITIA months reserves of 12.00.

Reviewer Comment (2024-11-14): Received bank statement, assets recalculated as per bank statement and updated same. Exception cleared. Seller Comment (2024-11-13): Bank statement

11/14/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44298088

32020594

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Violation

General QM: Based on the loan failing one or more guideline components, the loan is at QM risk.

Based on the loan failing one or more guideline components, the loan is at QM risk.

Reviewer Comment (2024-11-20): Third party verification of business was provided.

11/20/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44252815

31909843

Credit

Title

Document Error

Title

The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Reviewer Comment (2024-10-28): Received and associated Final Title Policy with amount of title insurance coverage. Exception is cleared. Seller Comment (2024-10-28): XX/XX/XX SW-Please see attached and clear. Thank You

10/28/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44252815

31909850

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

Title Policy is Preliminary or Commitment, and not a Final Title Policy.

The file was missing a copy of the final title policy.

Reviewer Comment (2024-10-29): Title provided.

10/29/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41150282

32075398

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Extension Fee.  Fee Amount of $4,322.50 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower.

Extension Fee was  last disclosed as $0.00 on LE but disclosed as $4,322.50 on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include $4,322.50, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.

Reviewer Comment (2024-11-25): XXXXX received a valid COC. Seller Comment (2024-11-23): change circumstances

11/25/2024

1

C

A

C

A

C

A

C

A

C

A

AZ

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

41150282

32075399

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $1,900.00 exceeds tolerance of $1,400.00.  Insufficient or no cure was provided to the borrower.

Appraisal Fee was  last disclosed as $1,400.00 on LE but disclosed as $1,900.00 on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include $500.00, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.

Reviewer Comment (2024-12-05): XXXXX received valid COC document. Seller Comment (2024-12-04): hello - documents showing notification of appraisal charges was uploaded with the change of circumstances, so you have that in your files - the notification from the appraisal management company XXXXX was received on XX/XX/XX as per documentation provided to XXXXX already, and the change of circumstance is dated XX/XX/XX.  You will see on the communication from the appraisal management company XXXXX that the order was placed on XX/XX/XX with requested due date of XX/XX/XX, this is considered a rush.  please review the appraisal to see the complexity of the property.  the contract shows all contingencies will be removed 18 days after contract acceptance, contract signed by borr XX/XX/XX so contingency ends XX/XX/XX (18 days later) which is why the appraisal had to be requested on a rush... the borr did not make application with us until XX/XX/XX, appraisal ordered XX/XX/XX with requested due date of XX/XX/XX due to contract contingency. please let me know if you have any other questions Reviewer Comment (2024-12-02): XXXXX received Changed Circumstance dated XX/XX/XX, but it does not give sufficient information on why the fee was increased and why the rush was requested and what was complex about the property.  In order to determine if the changed circumstance is valid more information is necessary on reason fee increased and when lender became aware of the change.  A valid Changed Circumstance or cure is required.  Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Seller Comment (2024-11-27): Since the 2nd appraisal was valid and redisclosed in time we wouldn't need to cure them, LO just added an additional credit to help offset the additional charges, but was not required to Reviewer Comment (2024-11-25): XXXXX received COC stating "Lender credit applied for Appraisal fee of $2248" whereas the lender credit is applied for loan discount point fee. Kindly provide a valid COC for the fee increase or provide cure docs. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Seller Comment (2024-11-23): change circumstances

12/05/2024

1

C

A

C

A

C

A

C

A

C

A

AZ

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

41150282

32075400

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $250.00 exceeds tolerance of $125.00.  Insufficient or no cure was provided to the borrower.

Appraisal Re-Inspection Fee was  last disclosed as $125.00 on LE but disclosed as $250.00 on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include $125.00, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.

Reviewer Comment (2024-11-25): XXXXX received a valid COC. Seller Comment (2024-11-23): change of circumstances

11/25/2024

1

C

A

C

A

C

A

C

A

C

A

AZ

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

43587246

31959455

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

The subject property is located in a FEMA disaster area that does not have a declared end date.

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. The representative FICO score is above 680.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-11-08): Client elects to waive. Comp factors: 773 FICO, 17mo reserves & on job 10 yrs Reviewer Comment (2024-11-08): A PDI cannot be accepted to verify the subject property was not damaged until after the end date of the disaster has been identified by FEMA. Exception remains. Seller Comment (2024-11-07): Please see attached.

11/08/2024

2

C

B

C

B

C

B

C

B

C

B

NC

Primary

Purchase

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

40151721

31953222

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

The subject property is located in a FEMA disaster area that does not have a declared end date. The appraisal was performed after the FEMA declaration start date but prior to the declared end date.

Reviewer Comment (2024-11-08): Disaster end date updated. Exception replaced. Reviewer Comment (2024-11-08): Received PDI reflects inspection date as XX/XX/XX however FEMA disaster end date is XX/XX/XX. Please provide inspection report which reflects inspection date on or after XX/XX/XX. Exception remains. Seller Comment (2024-11-07): Please see attached.

11/08/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Purchase

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

40151721

32074697

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___

The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date.

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The qualifying DTI on the loan is less than or equal to 35%. The representative FICO score exceeds the guideline minimum by at least 40 points. The representative FICO score is above 680.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-11-08): Client elects to waive. Comp factors: 792 FICO, 23mo reserves & 12yrs on job

11/08/2024

2

B

B

B

B

B

FL

Primary

Purchase

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

49058265

32273684

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.

Verification appraisal was delivered to borrower was not provided.

12/02/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47114681

32239432

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

11/26/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47114681

32240567

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $25.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing.

Transfer Tax was not disclosed on Loan Estimate.  File does not contain a valid COC for this fee, nor evidence of cure.  Provide a post-close CD disclosing the tolerance cure to include $25.00, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.

Reviewer Comment (2024-11-22): Sufficient Cure Provided At Closing

11/22/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Purchase

Final CD evidences Cure

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

47114681

32240727

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.

Evidence of earlier borrower receipt was not found in file.

Reviewer Comment (2024-11-29): XXXXX received XX/XX/XX Initial CD, 3 business days prior to the consummation. Seller Comment (2024-11-27): Please see the attached TRID Disclosure History and initial Closing disclosure that shows the borrower was sent the initial Closing Disclosure on XX/XX/XX and consented to it on XX/XX/XX. This meets the 3 business days before the closing date of XX/XX/XX.

11/29/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

No Defined Cure

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47058453

31911490

Credit

Title

General

Title

Title Policy Coverage is less than Original Loan Amount.

The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.

The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

10/15/2024

2

B

B

B

B

B

B

B

B

B

B

SD

Primary

Purchase

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47058453

31911538

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits.  Final Lender Credit of $-10.36 exceeds tolerance of $-1,308.25. Insufficient or no cure was provided to the borrower.

Lender Credit was last disclosed as $-1,308.25 on LE but disclosed as $-277.36 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $1030.89, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.

Reviewer Comment (2024-10-21): XXXXX received valid rate lock document. Seller Comment (2024-10-18): Disagree: There was a Loan amount change on XX/XX/XX that caused an adjustment to the LTV. Due to this, the price adjust for LTV changed making the final cost adjust as well. Final price went from -0.647% or $XXX to -0.472% or -$XXX.

10/21/2024

1

C

A

C

A

C

A

C

A

C

A

SD

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

49455532

31975907

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.

Evidence of earlier borrower receipt was not found in file.

Reviewer Comment (2024-10-31): XXXXX received initial CD. Seller Comment (2024-10-30): Please see the attached TRID Disclosure History and initial Closing disclosure that shows the borrower was sent the initial Closing Disclosure on XX/XX/XX and consented to it on XX/XX/XX. This meets the 3 business days before the closing date of XX/XX/XX.

10/31/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Purchase

No Defined Cure

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43935059

31958483

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

10/23/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43176588

31976771

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $350.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower.

Appraisal Desk Review Fee was last disclosed as $0.00 on LE but disclosed as $350.00 on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file.

Reviewer Comment (2024-11-18): XXXXX received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund Check resulting in a cured the exception.

11/18/2024

2

C

B

C

B

C

B

C

B

C

B

CA

Primary

Refinance - Rate/Term

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

B

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

43176588

31976856

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

10/25/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Rate/Term

C

B

B

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45940678

32086466

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $858.60 exceeds tolerance of $735.00.  Insufficient or no cure was provided to the borrower.

Appraisal Fee was last disclosed as $735.00 on Loan Estimate but disclosed as $858.60 on Final Closing Disclosure. Insufficient or no cure was provided to the borrower at Closing.

Reviewer Comment (2024-11-18): XXXXX: Sufficient cure provided. Full cure amount for tolerance violation was provided at closing (on final CD) resulting in a cleared exception. Seller Comment (2024-11-14): Please see the attached Final Closing Disclosure and Tolerance Cure breakdown which shows the borrower was provided a credit at closing for the increase in the Appraisal Fee.

11/18/2024

1

C

A

C

A

C

A

C

A

C

A

UT

Primary

Refinance - Cash-out - Other

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

45940678

32086507

Credit

Insurance

Insurance Analysis

Insurance

Insufficient Coverage: Hazard insurance coverage amount is insufficient.

HOI coverage is insufficient by $124,000.00. Provide updated policy reflecting minimum coverage of $1,364,000.00 OR provide copy of insurer's replacement cost estimate supporting current coverage amount.

Reviewer Comment (2024-11-20): Received policy states additional coverage which cover the rebuilt cost, verified and updated as per document. Exception remains. Seller Comment (2024-11-19): XX/XX/XX CW - The Additional Insurance line and the Buried Utility Line are two separate items and are not related. Remarks section states ther was addtional premium for increasing the coverage due to XXXXX. XXXXX provided the RCE and the additional insurance is specifically so that we cover the RCE provided by XXXXX Reviewer Comment (2024-11-18): Amount $310,000.00 listed in HOI policy does not reflects that it is additional/extended replacement cost coverage. It is mentioned as HO BR SL 21 (Buried Utility Lines) hence not considered. Exception remains. Seller Comment (2024-11-15): XX/XX/XX CW - Insurance Policy lists $310,000 in additional amount of insurance. This combined with the base $XXX is sufficient dwelling coverage.

11/20/2024

1

C

A

C

A

C

A

C

A

C

A

UT

Primary

Refinance - Cash-out - Other

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45940678

32153862

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $858.60 exceeds tolerance of $735.00.  Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-11-18): Sufficient Cure Provided At Closing

11/18/2024

1

A

A

A

A

A

UT

Primary

Refinance - Cash-out - Other

Final CD evidences Cure

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

43911545

32168561

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided

11/22/2024

2

B

B

B

B

B

B

B

B

B

B

NC

Primary

Purchase

C

B

C

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43911545

32168567

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

The subject property is located in a FEMA disaster area that does not have a declared end date. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be inspected.

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than or equal to 70%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score is above 680.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-12-03): Client elects to waive. Comp factors: 775 FICO, 57% CLTV & 514k in reserves Reviewer Comment (2024-11-26): Client to review. Inspection report provided in file is post disaster declaration date and end date is not yet reflect in system. Seller Comment (2024-11-25): Attached

12/03/2024

2

C

B

C

B

C

B

C

B

C

B

NC

Primary

Purchase

C

B

C

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43911545

32168581

Credit

Insurance

Insurance Analysis

Insurance

Insufficient Coverage: Hazard insurance coverage amount is insufficient.

HOI coverage is insufficient by $332,000 Provide updated policy reflecting minimum coverage of $XXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount.

Reviewer Comment (2024-12-05): Received RCE $XXXx, verified and updated the details. Excepiton Cleared. Seller Comment (2024-12-04): Attached Reviewer Comment (2024-11-26): Subject property valuation amount is XXXX, 80% of this is $XXX As HOI Coverage is XXX Insufficient of $XXX. Provide copy of RCE to cover the current coverage amount. Exception remains. Seller Comment (2024-11-25): Good Evening, There is sufficient HOI dwelling coverage $XXX x 25%= $XXX. The loan amount is $XXXX. This suffice in clearing the condition.

12/05/2024

1

C

A

C

A

C

A

C

A

C

A

NC

Primary

Purchase

C

B

C

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43911545

32175355

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $116.00 exceeds tolerance of $105.00 plus 10% or $115.50.  Insufficient or no cure was provided to the borrower.

"Correction agreement must be recorded to close" is not valid reason for an increase in fees per change circumstance document.

Reviewer Comment (2024-12-09): SitusAMC received valid COC document. Seller Comment (2024-12-06): Attached Reviewer Comment (2024-12-01): SitusAMC received LOX. However,we would require correction agreement as mentioned on LOX or supporting document for the same in order to clear the exception. Seller Comment (2024-11-27): Attached Seller Comment (2024-11-27): Per Settlement Agent the correction agreement allows the Attorney's office to sing on behalf of the buyers post-closing if anything needs to be corrected or signed. Not understanding why this not a valid reason Reviewer Comment (2024-11-26): SitusAMC COC dated 10/XX2024 shows recording fee increased due to record of correction agreement; however, file does not contain any correction agreement. Provide supporting document along with additional information regarding what corrections made. Seller Comment (2024-11-26): Good Morning, On 10/XX Loan Estimate. There was a increase of $26 to record a Correction Agreement. Bring the recording fees to $131.00. On the Final CD the recordings fee decrease back down to $116.00. The information is on the COC. Please advise how this is a violation. Thanks!

12/09/2024

1

C

A

C

A

C

A

C

A

C

A

NC

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

43911545

32237100

Credit

Income / Employment

Income Documentation

Missing Document

REO Documents are missing.

-

File is missing a final seller CD or closing statement for the sale of XXXXX.

Reviewer Comment (2024-11-29): Provided mortgage statement considered for monthly payments since property was not sold prior to closing. Exception Cleared. Seller Comment (2024-11-27): LOX Attached. Reviewer Comment (2024-11-26): Provided purchase contract is not acceptable, please provide final seller CD or closing statement supporting document. Exception remains Seller Comment (2024-11-25): attached

11/29/2024

1

C

A

C

A

C

A

C

A

C

A

NC

Primary

Purchase

C

B

C

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43911545

32282308

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor and QM DTIs match and both significantly exceed Guidelines

General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of 70.51884% significantly exceeds the guideline maximum of 50.00%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.)

The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of 70.51884% significantly exceeds the guideline maximum of 50.00%. Due REO #XXXX, monthly mortgage considered for DTI since it's not sold prior to closing.

Reviewer Comment (2024-12-09): Documentation was provided verifying the mortgage on XXXX was paid off through insurance claim. Seller Comment (2024-12-06): Attached

12/09/2024

1

A

A

A

A

A

NC

Primary

Purchase

C

B

C

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43911545

32282309

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk.

The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of 70.51884% significantly exceeds the guideline maximum of 50.00%. Due REO #XXXX monthly mortgage considered for DTI since it's not sold prior to closing.

Reviewer Comment (2024-12-09): Documentation was provided verifying the mortgage on XXX was paid off through insurance claim. Seller Comment (2024-12-06): attached

12/09/2024

1

A

A

A

A

A

NC

Primary

Purchase

Lender to provide updated ATR/QM status

C

B

C

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

43911545

32282310

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: Investor qualifying total debt ratio discrepancy.

The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of 70.51884% significantly exceeds the guideline maximum of 50.00%. Due REO #XXXX, monthly mortgage considered for DTI since it's not sold prior to closing.

Reviewer Comment (2024-12-09): Documentation was provided verifying the mortgage on XXX was paid off through insurance claim. Reviewer Comment (2024-12-06): Per Lender correspondence provided on 11/XX/2024 (Doc ID XXX), Contract states the closing date for that property wouldn't be until 1/XX/2025 hence considered mortgage payment in DTI calculation. Please provide supporting documents to verify mortgage has been paid off prior to note date so that payment can be excluded to lower DTI. Exception remains. Seller Comment (2024-12-06): Attached

12/09/2024

1

A

A

A

A

A

NC

Primary

Purchase

C

B

C

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43911545

32287639

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Violation

General QM: Based on the loan failing one or more guideline components, the loan is at QM risk.

Loan is failing QM due to the DTI exceeding guideline maximum.

Reviewer Comment (2024-12-09): Documentation was provided verifying the mortgage on 1838 Queens Rd was paid off through insurance claim.

12/09/2024

1

A

A

A

A

A

NC

Primary

Purchase

C

B

C

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43125912

31900973

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Total Of Payments

TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX disclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated XX/XX/XX).  The disclosed Total of Payments in the amount of $XXXX is under disclosed by $219.21 compared to the calculated total of payments of $XXXX which exceeds the $100.00 threshold.

Loan Calculations: Final Closing Disclosure provided on XX/XX/XX disclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated XX/XX/XX). The disclosed Total of Payments in the amount of $XXXX is under disclosed by $219.21 compared to the calculated total of payments of $XXXX which exceeds the $100.00 threshold.

Reviewer Comment (2024-11-07): XXXXX received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Seller Comment (2024-11-06): Please see the attached Letter of Explanation, Refund Check, PCCD, and Proof of Delivery.

11/07/2024

2

C

B

C

B

C

B

C

B

C

B

CA

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable

C

B

B

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

43125912

31901011

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

10/14/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

B

B

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46285734

32067765

Credit

Title

General

Title

Title Policy Coverage is less than Original Loan Amount.

The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.

The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

11/07/2024

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Refinance - Rate/Term

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46285734

32067777

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $5,598.45 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower.

Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $5,598.45 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower.

Reviewer Comment (2024-11-27): XXXXX received valid Changed Circumstances. Seller Comment (2024-11-25): CD with COC Seller Comment (2024-11-25): Please see attached COC. Reviewer Comment (2024-11-19): XXXXX received CD and COC dated XX/XX/XX, however fee again increased to $5598.45 on CD dated XX/XX/XX. A valid Changed Circumstance or cure is required.  Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Seller Comment (2024-11-15): CD with COC

11/27/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Refinance - Rate/Term

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

49983395

31928813

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

The subject property is located in a FEMA disaster area that does not have a declared end date.  The appraisal was performed after the FEMA declaration start date but prior to the declared end date.

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than or equal to 70%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The qualifying DTI on the loan is less than or equal to 35%. The representative FICO score is above 680.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-12-17): Client elects to waive. Comp factors: 767 FICO, 35% DTI & 45% LTV Reviewer Comment (2024-12-11): Client to review. Property Inspection report in file dated XX/XX/XX.

12/17/2024

2

C

B

C

B

C

B

C

B

C

B

NC

Primary

Purchase

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45810825

31886528

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

10/11/2024

2

B

B

B

B

B

B

B

B

B

B

OR

Second Home

Purchase

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45810825

31886531

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.

Final LE is required to be received by borrower at least 1 day prior to Initial CD.  Based on documentation in file, Final LE was received by borrower on or after date Initial CD was received.  Evidence of earlier receipt of LE was not located in file.

Reviewer Comment (2024-11-13): XXXXX received initial Cd. Seller Comment (2024-11-12): Initial CD Reviewer Comment (2024-11-06): XXXXX received e-sign consent.However, we would require initial CD three days prior to closing date. Kindly provide initial CD three days prior to closing date. Seller Comment (2024-11-05): CD docusign indicating XXX date

11/13/2024

1

C

A

C

A

C

A

C

A

C

A

OR

Second Home

Purchase

No Defined Cure

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46408744

32037472

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

The subject property is located in a FEMA disaster area that does not have a declared end date.  Provide a post-disaster inspection verifying there was no damage.  The inspection must include exterior photos and the property must be inspected.

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The qualifying DTI on the loan is less than or equal to 35%. The representative FICO score is above 680.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-12-10): Client elects to waive. Comp factors: 762 FICO, 32% DTI & 19mo reserves Reviewer Comment (2024-12-09): Client to review. Received Disaster Inspection reflecting no damage. The subject property is located in a FEMA disaster that does not have a declared end date. Seller Comment (2024-12-09): Please see attached.

12/10/2024

2

C

B

C

B

C

B

C

B

C

B

NC

Second Home

Purchase

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

48408790

32275463

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $350.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower.

Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $350.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower.

Reviewer Comment (2024-12-11): XXXXX received a valid COC. Seller Comment (2024-12-10): (XXXXX) Please be advised that a 2nd appraisal is not an Automatic requirement, it would be determined after review of the 1st appraisal and SSR scores Reviewer Comment (2024-12-03): XXXXX Received Revised LE dated XX/XX/XX along with COC stating second appraisal fee added as per jumbo requirement; however, loan is jumbo loan from initial stage and fee should have been charged at the time of initial LE. A valid Changed Circumstance or cure is required.  Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check.

12/11/2024

1

C

A

C

A

C

A

C

A

C

A

ID

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

48408790

32275464

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower.

Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $150.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower.

Reviewer Comment (2024-12-03): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Seller Comment (2024-12-03): (XXXXX) There was a Cure via a Lender Credit on the Final CD for the $150 re-inspection fee

12/03/2024

1

C

A

C

A

C

A

C

A

C

A

ID

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

48408790

32275778

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Loan Estimate Timing Electronically Provided

TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within three (3) business days of application. Initial Loan Estimate dated XX/XX/XX was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations.

Evidence of earlier borrower consent not found.

Reviewer Comment (2024-12-03): XXXXX Received E-Consent disclosure showing LE sent via fulfillment.

12/03/2024

1

C

A

C

A

C

A

C

A

C

A

ID

Primary

Purchase

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

48408790

32349944

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-12-11): Sufficient Cure Provided At Closing

12/11/2024

1

A

A

A

A

A

ID

Primary

Purchase

Final CD evidences Cure

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

42155006

32126940

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien

TRID Final Closing Disclosure XX/XX/XX on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2.

TRID Final Closing Disclosure XX/XX/XX on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2.

Reviewer Comment (2024-12-09): XXXXX received Letter of Explanation & Corrected Closing Disclosure.

12/09/2024

2

C

B

C

B

C

B

C

B

C

B

VA

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

42155006

32126965

Credit

Insurance

Insurance Analysis

Insurance

Insufficient Coverage: Hazard insurance coverage amount is insufficient.

HOI coverage is insufficient by $XXX. Provide updated policy reflecting minimum coverage of $XXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount.

Reviewer Comment (2024-11-21): Additional coverage updated from Replacement Cost Estimator and revised HOI policy. Sufficient amount of insurance coverage available. Exception is cleared. Seller Comment (2024-11-21): (XXXXX) Please refer to Pg 7 of the document uploaded

11/21/2024

1

C

A

C

A

C

A

C

A

C

A

VA

Primary

Purchase

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46340894

31952111

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.

Verification appraisal was delivered to borrower was not provided.

10/22/2024

2

B

B

B

B

B

B

B

B

B

B

UT

Primary

Purchase

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46923469

32060662

Credit

Title

General

Title

Title Policy Coverage is less than Original Loan Amount.

The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.

The Title Policy Amount of $XXXXX is less than the note amount of $XXXXX based on the Commitment in file.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

11/06/2024

2

B

B

B

B

B

B

B

B

B

B

NV

Primary

Refinance - Rate/Term

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

49063520

32039793

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Self-Employed Tax Return Recency - QM

General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XX,  Most Recent Tax Return End Date XX/XX/XX, Tax Return Due Date XX/XX/XX.

The file is missing the XXXXX personal and business tax returns. Evidence of extension provided in file for XXXXX.  The file contained a copy of the XXXXX and XXXXX 1040's and business returns.

Reviewer Comment (2024-11-13): Client elects to waive. Reviewer Comment (2024-11-06): Client to review. Extension in file.

11/13/2024

2

B

B

B

B

B

B

B

B

B

B

CO

Primary

Refinance - Rate/Term

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

40085417

31978140

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

Title Policy is Preliminary or Commitment, and not a Final Title Policy.

The file was missing a copy of the final title policy.

Reviewer Comment (2024-11-05): Title provided.

11/05/2024

1

A

A

A

A

A

A

A

A

A

A

HI

Second Home

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

40085417

31978142

Credit

Title

Document Error

Title

The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Reviewer Comment (2024-11-05): Received and associated Final Title Policy with amount of title insurance coverage. Exception is cleared.

11/05/2024

1

C

A

C

A

C

A

C

A

C

A

HI

Second Home

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46643157

32090164

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.

Verification appraisal was delivered to borrower was not provided.

11/12/2024

2

B

B

B

B

B

B

B

B

B

B

NC

Second Home

Purchase

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

48169699

32072914

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $100.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing.

Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $100.00 exceeds tolerance of $0.00.

Reviewer Comment (2024-11-08): Sufficient Cure Provided At Closing

11/08/2024

1

A

A

A

A

A

A

A

A

A

A

VA

Primary

Purchase

Final CD evidences Cure

A

A

A

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

48169699

32072915

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $7,535.00 exceeds tolerance of $7,467.00.  Sufficient or excess cure was provided to the borrower at Closing.

Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $7,535.00 exceeds tolerance of $7,467.00.

Reviewer Comment (2024-11-08): Sufficient Cure Provided At Closing

11/08/2024

1

A

A

A

A

A

A

A

A

A

A

VA

Primary

Purchase

Final CD evidences Cure

A

A

A

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

48312219

32159881

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $215.48 exceeds tolerance of $90.00.  Sufficient or excess cure was provided to the borrower at Closing.

Credit Report Fee was  last disclosed as $90.00 on LE but disclosed as$215.48 on Final Closing Disclosure.  File does contain a valid COC for this fee.,

Reviewer Comment (2024-11-19): Sufficient Cure Provided At Closing

11/19/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Refinance - Rate/Term

Final CD evidences Cure

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

48312219

32159895

Credit

Title

General

Title

Title Policy Coverage is less than Original Loan Amount.

The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.

The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

11/21/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Rate/Term

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41593389

31970844

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

10/24/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

B

B

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41593389

31970845

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $350.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower.

Appraisal Desk Review Fee was  last disclosed as $0.00 on LE but disclosed as $350.00 on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include $350.00, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.

Reviewer Comment (2024-11-18): XXXXX Received Valid COC dated XX/XX/XX. Seller Comment (2024-11-14): (XXXXX) Please see attached SSR reflecting risk at 3. SSR dated XX/XX/XX and fee was re-disclosed on XX/XX/XX which was within time. Reviewer Comment (2024-11-08): XXXXX received Changed Circumstance dated XX/XX/XX, but it does not give sufficient information on why the fee was added as per SSR report CU score is 1.  In order to determine if the changed circumstance is valid more information is necessary on reason fee added and when lender became aware of the change.  A valid Changed Circumstance or cure is required.  Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check.

11/18/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

B

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

41593389

31970873

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

10/24/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

B

B

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44874266

32031544

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

10/31/2024

2

B

B

B

B

B

B

B

B

B

B

NH

Primary

Purchase

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44874266

32031545

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

10/31/2024

2

B

B

B

B

B

B

B

B

B

B

NH

Primary

Purchase

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44874266

32031546

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.

Closing Disclosure was not provided to Borrower(s) at least three (3) business days prior to closing.

Reviewer Comment (2024-11-07): XXXXX received XX/XX/XX CD 3 business days prior to consummation.

11/07/2024

1

C

A

C

A

C

A

C

A

C

A

NH

Primary

Purchase

No Defined Cure

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44874266

32031549

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $205.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower.

Appraisal Desk Review Fee was last disclosed as $0.00 on LE but disclosed as $205.00 on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include $205.00, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.

Reviewer Comment (2024-11-08): XXXXX received valid COC document and LOE. Reviewer Comment (2024-11-07): XXXXX received Changed Circumstance dated XX/XX/XX,  but it does not give sufficient information on why the Appraisal desk review fee was added.  In order to determine if the changed circumstance is valid more information is necessary on reason fee added and when lender became aware of the change.  A valid Changed Circumstance or cure is required.  Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check.

11/08/2024

1

C

A

C

A

C

A

C

A

C

A

NH

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

44874266

32031550

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $9,979.50 exceeds tolerance of $9,979.00.  Insufficient or no cure was provided to the borrower.

Transfer Tax Fee was last disclosed as $9,979.00 on LE but disclosed as $9,979.50 on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include $0.50, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.

Reviewer Comment (2024-11-07): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Seller Comment (2024-11-06): (XXXXX) Please refer to Section J of the Final CD to see the Lender Credit of $0.50 which was associated with a Cure for the difference in Transfer Tax Fee.

11/07/2024

1

C

A

C

A

C

A

C

A

C

A

NH

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

44874266

32071321

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $9,979.50 exceeds tolerance of $9,979.00.  Sufficient or excess cure was provided to the borrower at Closing.

Sufficient cure provided at closing.

Reviewer Comment (2024-11-08): Sufficient Cure Provided At Closing

11/08/2024

1

A

A

A

A

A

NH

Primary

Purchase

Final CD evidences Cure

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

43500219

31977550

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.

Verification appraisal was delivered to borrower was not provided.

10/25/2024

2

B

B

B

B

B

B

B

B

B

B

MI

Primary

Purchase

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43500219

31977551

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.

Verification appraisal was delivered to borrower was not provided.

10/25/2024

2

B

B

B

B

B

B

B

B

B

B

MI

Primary

Purchase

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43500219

31977553

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $1,917.70 exceeds tolerance of $1,290.00.  Insufficient or no cure was provided to the borrower.

Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $1,917.70 exceeds tolerance of $1,290.00. Insufficient or no cure was provided to the borrower.

Reviewer Comment (2024-12-05): XXXXX received PCCD, LOE, proof of mailing & copy of refund check. Seller Comment (2024-12-04): Please see the attached Letter of Explanation, Refund Check, PCCD, and Proof of Delivery. Reviewer Comment (2024-12-03): XXXXX received valid COC and supporting document, however fee is increased on XX/XX/XX CD and COC is dated XX/XX/XX which is after the CD date. A valid Changed Circumstance or cure is required.  Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Seller Comment (2024-12-02): Please see the attached Appraisal from XX/XX/XX Reviewer Comment (2024-12-01): XXXXX received UW condition for requirement of second appraisal fee, however, copy of first appraisal is still not in file for review. File has only 1 appraisal received on XX/XX/XX. Please provide missing appraisal report to re-review the exception. Seller Comment (2024-11-27): Please see the attached UW Condition Reviewer Comment (2024-11-12): XXXXX received COC for adding XXXXX and second appraisal fee. The COC for adding XXXXX was already applied but there is no copy of second appraisal in file also, the reason for requirement of second appraisal is not there in UW condition why second appraisal is required after XXXXX was received. Please provide information as to what changed circumstance occurred (as defined under 1026.19(e)(4)(A)-(F) that resulted in an increase in closing costs and copy of second appraisal or cure will be required. Seller Comment (2024-11-11): CofC's, LE, CD, and UW condition. Seller Comment (2024-11-11): On XX/XX/XX the UW reviewed the appraisal and conditioned for a XXXXX. A CofC was submitted on XX/XX/XX to increase the appraisal fee to include the XXXXX. Once the XXXXX was reviewed the UW then required a secondary valuation on XX/XX/XX. A CofC was submitted on XX/XX/XX and the fee was redisclosed to the borrower on XXXXX. Please see attached CofC's, LE, CD, and UW condition.

12/05/2024

2

C

B

C

B

C

B

C

B

C

B

MI

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

41271249

32073225

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.

Verification appraisal was delivered to borrower was not provided.

11/08/2024

2

B

B

B

B

B

B

B

B

B

B

IL

Primary

Purchase

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43985531

32019117

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $98.00 exceeds tolerance of $90.00.  Sufficient or excess cure was provided to the borrower at Closing.

Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.

Reviewer Comment (2024-10-30): Sufficient Cure Provided At Closing

10/30/2024

1

A

A

A

A

A

FL

Second Home

Purchase

Final CD evidences Cure

A

A

A

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

46096192

32031328

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

The subject property is located a FEMA disaster area that does not have a declared end date. The appraisal was performed after the FEMA declaration start date but prior to the declared end dated.

Reviewer Comment (2024-11-11): Received Post Disaster inspection report, inspection date updated and document associated. Exception is cleared. Seller Comment (2024-11-11): Please see attached

11/11/2024

1

C

A

C

A

C

A

C

A

C

A

GA

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

48655881

32040576

Credit

Loan Package Documentation

Loan File

Missing Document

Missing Document: Hazard Insurance Policy not provided

Reviewer Comment (2024-11-08): Hazard Insurance Policy associated and details updated. Exception is cleared. Seller Comment (2024-11-08): XX/XX/XX MM: Please see attached policy

11/08/2024

1

C

A

C

A

C

A

C

A

C

A

CO

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41606820

32022442

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

10/30/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Second Home

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43483721

32281164

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits.  Final Lender Credit of $-5,246.02 exceeds tolerance of $-5,488.00. Insufficient or no cure was provided to the borrower.

Lender Credits  Fee was  last disclosed as -$5,488.00 on LE but disclosed as -$5,246.02 on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include $241.98, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.

Reviewer Comment (2024-12-05): Upon further review lender credit correctly disclosed to consumer. Seller Comment (2024-12-04): Disagree: There was a Loan amount change on XX/XX/XX that caused an adjustment to the LTV. Due to this, the price adjust for LTV changed and making the final cost adjust as well. Final price went to -0.375% or -$XXXX.

12/05/2024

1

C

A

C

A

C

A

C

A

C

A

IL

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

41896782

32045806

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.

Verification appraisal was delivered to borrower was not provided.

11/04/2024

2

B

B

B

B

B

B

B

B

B

B

OR

Primary

Purchase

C

B

C

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41896782

32045878

Credit

Income / Employment

Income Documentation

Income / Employment

Verification(s) of employment is not within 10 business days of the Note.

-

This file was missing a copy of VVOE.  Per guidelines, Verbal Verification of Employment VVOE completed within 10 days of closing must be provided.

Reviewer Comment (2024-11-19): Per XXXXX the 10-day PCV, when required, must either be obtained no more than 10 Business Days prior to the Note Date, or after the Note Date but prior to the Delivery Date. Post close VVOE provided. Exception cleared. Reviewer Comment (2024-11-18): Client to review. Seller Comment (2024-11-15): Please send this to the buyer to get this cleared up. Reminder that this is QM. Reviewer Comment (2024-11-15): Per 1008 and AUS in file, subject is LP file/XXXXX. AUS/LP does not reflect Paystub is acceptable in lieu of VVOE. Exception remains. Seller Comment (2024-11-15): XXXXX email will accept paystub since QM. Reviewer Comment (2024-11-14): Provided VOE dated XX/XX/XX which is after Note date (XX/XX/XX), please provide VVOE within 10 business days of the note. Exception Remains. Seller Comment (2024-11-13): attached Reviewer Comment (2024-11-12): Per XXXXX/DU guidelines Paystub is acceptable in lieu of VVOE. However, per 1008 and AUS in file, subject is LP file/XXXXX.  AUS/LP does not reflect Paystub is acceptable in lieu of VVOE. Exception remains. Seller Comment (2024-11-11): see attached rebuttal. Reviewer Comment (2024-11-08): Paystub is not acceptable in lieu of VVOE. Please provide VVOE within 10 business days prior to the closing. Exception remains. Seller Comment (2024-11-07): attached

11/19/2024

1

C

A

C

A

C

A

C

A

C

A

OR

Primary

Purchase

C

B

C

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46414702

32126479

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.

Evidence of earlier borrower receipt was not found in file.

Reviewer Comment (2024-11-18): XXXXX received XX/XX/XX CD 3 business days prior to consummation.

11/18/2024

1

C

A

C

A

C

A

C

A

C

A

RI

Primary

Purchase

No Defined Cure

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46414702

32126481

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $9.20 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower.

Loan Discount Point was not disclosed on Loan Estimate.  File does not contain a valid COC for this fee, nor evidence of cure.  Provide a post-close CD disclosing the tolerance cure to include $9.20, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.

Reviewer Comment (2024-11-18): XXXXX Received Valid COC along with LE.

11/18/2024

1

C

A

C

A

C

A

C

A

C

A

RI

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

42291108

31968081

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

The subject property is located in a FEMA disaster area that does not have a declared end date.  The appraisal was performed after the FEMA declaration start date but prior to the declared end date.

Reviewer Comment (2024-11-08): Disaster end date updated. Exception replaced. Reviewer Comment (2024-11-08): Provided Property Inspection report is already in file dated XX/XX/XX, however the most recent disaster end date was XX/XX/XX, Provide a post-disaster inspection report (after disaster end date XX/XX/XX) verifying that there was no damage. Exception remains. Seller Comment (2024-11-07): Please see attached.

11/08/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Purchase

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42291108

32019223

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $6,875.00 exceeds tolerance of $6,838.00.  Sufficient or excess cure was provided to the borrower at Closing.

Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.

Reviewer Comment (2024-10-30): Sufficient Cure Provided At Closing

10/30/2024

1

A

A

A

A

A

FL

Primary

Purchase

Final CD evidences Cure

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

42291108

32071916

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___

Provided Property Inspection report is already in file dated XX/XX/XX, however the most recent disaster end date was XX/XX/XX, Provide a post-disaster inspection report (after disaster end date XX/XX/XX) verifying that there was no damage. Exception remains.

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than or equal to 70%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The qualifying DTI on the loan is less than or equal to 35%. The representative FICO score exceeds the guideline minimum by at least 40 points. The representative FICO score is above 680.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-11-08): Client elects to waive. Comp factors: 51% LTV, 800 FICO & 74mo reserves

11/08/2024

2

B

B

B

B

B

FL

Primary

Purchase

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45811764

32149462

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

The subject property is located in a FEMA disaster area that does not have a declared end date.  The appraisal was performed after the FEMA declaration start date but prior to the declared end date.

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. The representative FICO score is above 680.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-11-22): Client elects to waive. Comp factors: 765 FICO, 80% LTV & homeowner since XXXXX Reviewer Comment (2024-11-19): Client to review. The appraisal was performed after the FEMA declaration start date but prior to the declared end date. The subject property is located in a FEMA disaster that does not have a declared end date.

11/22/2024

2

C

B

C

B

C

B

C

B

C

B

NC

Primary

Purchase

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42615156

32046389

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Fee.  Fee Amount of $100.00 exceeds tolerance of $75.00.  Sufficient or excess cure was provided to the borrower at Closing.

Verification Fee was  last disclosed as $75.00 on LE but disclosed as $100.00 on Final Closing Disclosure.  File does not contain a valid COC for this fee, sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-11-04): Sufficient Cure Provided At Closing

11/04/2024

1

A

A

A

A

A

A

A

A

A

A

UT

Primary

Purchase

Final CD evidences Cure

A

A

A

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

43777962

32052501

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

11/05/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44941551

32247281

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

11/27/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Rate/Term

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44941551

32247673

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Extension Fee.  Fee Amount of $1,188.54 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower.

Extension Fee was last disclosed as $0.00 on Initial closing disclosure but disclosed as $1,188.54 on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include$1,188.54 a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.

Reviewer Comment (2024-12-02): XXXXX Received Valid COC along with CD. Seller Comment (2024-11-29): attached

12/02/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Rate/Term

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

41036384

31996502

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $832.70 exceeds tolerance of $740.00.  Sufficient or excess cure was provided to the borrower at Closing.

Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $832.70 exceeds tolerance of $740.00. Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-10-29): Sufficient Cure Provided At Closing

10/29/2024

1

A

A

A

A

A

A

A

A

A

A

MN

Primary

Purchase

Final CD evidences Cure

A

A

A

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

47042665

31969625

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2024-12-17): .

10/24/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44916671

31968769

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

10/24/2024

2

B

B

B

B

B

B

B

B

B

B

WA

Primary

Purchase

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44916671

31968770

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

10/24/2024

2

B

B

B

B

B

B

B

B

B

B

WA

Primary

Purchase

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47937643

32047975

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

11/04/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47937643

32047996

Credit

Asset

Asset Calculation / Analysis

Asset

Available for Closing is insufficient to cover Cash From Borrower.

Verified liquid assets in the amount of $XXXXare insufficient to meet cash to close of XXX0.  Final 1008 reflects $XXX verified. However, unable to confirm Funds received from sold property.

Reviewer Comment (2024-11-13): Received settlement statement and same verified and updated. exception cleared. Seller Comment (2024-11-12): Final SS

11/13/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47937643

32048033

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: PITIA reserves months discrepancy.

Verified liquid assets in the amount of $XXXXare insufficient to meet cash to close of XXX0.  Final 1008 reflects $XXX verified. However, unable to confirm Funds received from sold property.

Reviewer Comment (2024-11-13): Received settlement statement and same verified and updated. exception cleared. Seller Comment (2024-11-12): Final SS

11/13/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47937643

32048045

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk.

Loan designation failure due to QM failure.  This exception will be cleared once all QM specific exceptions have been cured/cleared.

Reviewer Comment (2024-11-13): Received settlement statement. Exception cleared.

11/13/2024

1

B

A

C

A

B

A

C

A

B

A

CA

Primary

Purchase

Lender to provide updated ATR/QM status

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

47937643

32048046

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Violation

General QM: Based on the loan failing one or more guideline components, the loan is at QM risk.

QM failure due to insufficient asset documentation.  This exception will be cleared once all QM specific exceptions have been cured/cleared.

Reviewer Comment (2024-11-13): Received settlement statement. Exception cleared.

11/13/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44206861

32021945

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $200.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing.

Appraisal Re-Inspection Fee was  last disclosed as $0.00 on LE but disclosed as $200.00 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-10-30): Sufficient Cure Provided At Closing

10/30/2024

1

A

A

A

A

A

A

A

A

A

A

FL

Primary

Purchase

Final CD evidences Cure

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

44206861

32021962

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

The subject property is located in a FEMA disaster area that does not have a declared end date.

Reviewer Comment (2024-11-20): Received Disaster Inspection reflecting no damage. Exception cleared. Seller Comment (2024-11-20): Please see attached.

11/20/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44778995

31994885

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

10/29/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45938638

32060476

Credit

Loan Package Documentation

Loan File

Missing Document

Missing Document: Hazard Insurance Policy not provided

Policy provided does not reflect the premium.

Reviewer Comment (2024-11-18): Hazard Insurance Policy with premium associated and details updated. Exception is cleared.

11/18/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Rate/Term

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45938638

32060809

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial 1003

The file is missing a copy of initial application date.

Reviewer Comment (2024-11-13): Received and associated Lender's Initial 1003. Exception is cleared.

11/13/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Refinance - Rate/Term

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45938638

32060901

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing.

Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $150.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-11-06): Sufficient Cure Provided At Closing

11/06/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Refinance - Rate/Term

Final CD evidences Cure

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

45938638

32076123

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: Investor qualifying total debt ratio discrepancy.

Calculated investor qualifying total debt ratio of 50.22415% exceeds Guideline total debt ratio of 50.00000%. Per final 1003 lender used mortgage payment of XXXX for property located at XXXXX, however mortgage statement and credit report in file reflect monthly mortgage payment of $XXX. Rental income loss for the property was calculated higher than the loss reflected on the final 1003.

Reviewer Comment (2024-12-02): Received revised 1003, 1008 and AUS to evidence Bonus income is used for qualification. Most recent income documents are available in file. Renewal of HOI policy is provided in file which reflects higher premium amount ($317.18/month), same has been considered for qualification. Currently DTI is within guidelines limit. Exception is cleared. Reviewer Comment (2024-12-02): Per guideline, need the borrower's recent paystub and IRS W-2 forms covering the most recent two-year period to be included the Bonus income. Also, require updated final 1003 reflecting the bonus income for borrower XXXX. There is also discrepancy in subject insurance premium between Hazard policy premium shows monthly $317.18 and 1008/AUS approval shows monthly premium as $168.59. Please confirm the discrepancy on subject insurance premium. Exception remains. Seller Comment (2024-11-29): (XXXXX) It came to our attention that the PMI associated with XXXXX was mistakenly not included.  The accurate PITI was updated and bonus income was added (not originally included) to bring DTI down.  Updated docs with Bonus income uploaded.  Thank you Buyer Comment (2024-11-25): XXXXX does not make DTI exception on this program Buyer Comment (2024-11-20): XXXXX to review

12/02/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Rate/Term

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45938638

32076141

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk.

Loan designation failure due to QM failure.  This exception will be cleared once all QM specific exceptions have been cured/cleared.

Reviewer Comment (2024-12-02): Received revised 1003, 1008 and AUS to evidence Bonus income is used for qualification. Most recent income documents are available in file. Renewal of HOI policy is provided in file which reflects higher premium amount ($317.18/month), same has been considered for qualification. Currently DTI is within guidelines limit. Exception is cleared. Reviewer Comment (2024-11-13): QM failure due to DTI.  This exception will be cleared once all ATR specific exceptions have been cured/cleared. Exception remains.

12/02/2024

1

B

A

C

A

B

A

C

A

B

A

CA

Primary

Refinance - Rate/Term

Lender to provide updated ATR/QM status

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

45938638

32076143

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Violation

General QM: Based on the loan failing one or more guideline components, the loan is at QM risk.

QM failure due to DTI.  This exception will be cleared once all ATR specific exceptions have been cured/cleared.

Reviewer Comment (2024-12-02): Received revised 1003, 1008 and AUS to evidence Bonus income is used for qualification. Most recent income documents are available in file. Renewal of HOI policy is provided in file which reflects higher premium amount ($317.18/month), same has been considered for qualification. Currently DTI is within guidelines limit. Exception is cleared.

12/02/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Rate/Term

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45938638

32076144

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor and QM DTIs match and both moderately exceed Guidelines

General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of 50.22415% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.)

Calculated investor qualifying total debt ratio of 50.22415% exceeds Guideline total debt ratio of 50.00000%. Per final 1003 lender used mortgage payment of XXXX for property located at XXXXX, however mortgage statement and credit report in file reflect monthly mortgage payment of XXXX. Rental income loss for the property was calculated higher than the loss reflected on the final 1003.

Reviewer Comment (2024-12-02): Received revised 1003, 1008 and AUS to evidence Bonus income is used for qualification. Most recent income documents are available in file. Renewal of HOI policy is provided in file which reflects higher premium amount ($317.18/month), same has been considered for qualification. Currently DTI is within guidelines limit. Exception is cleared. Seller Comment (2024-11-29): (XXXXX) It came to our attention that the PMI associated with XXXXX was mistakenly not included.  The accurate PITI was updated and bonus income was added (not originally included) to bring DTI down.  Updated docs with Bonus income uploaded.  Thank you

12/02/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Rate/Term

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45938638

32076152

Credit

Insurance

Insurance Analysis

Insurance

Hazard Insurance Policy expires within 90 days of the Note Date.

Hazard Insurance Policy expires within 90 days of the Note Date. Hazard Insurance Policy Expiration Date XX/XX/XX, Note Date XX/XX/XX

Reviewer Comment (2024-11-12): Client elects to waive.

11/12/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Rate/Term

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47518224

32090113

Credit

Income / Employment

Income Documentation

Income / Employment

Verification(s) of employment is not within 10 business days of the Note.

-

The verification of employment is missing Borrower's employer 'XXXXX', within 10 business days of the Note.

Borrower has verified disposable income of at least $2500.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than or equal to 70%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score is above 680.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-12-12): Client elects to waive. Comp factors: Comp factors: 152 months reserves, 70% LTV and 708 FICO. Reviewer Comment (2024-12-05): Provided third party verification is post dated, Per guidelines Verification of employement within 10 business days of note date. Exception Remains. Seller Comment (2024-12-04): i believe you already have this copy but sending again in case.  the last voe in file was dated XX/XX/XX.  so the branch had to pull a new voe which is the copy i provided to you on XX/XX/XX.  there are no other voe's. i am unsure why there would be an issue with a voe after the note date - that is even more recent than before the note date?  please advise Reviewer Comment (2024-12-02): Provided VOE dated XX/XX/XX which is after Note date (XX/XX/XX), please provide VVOE dated within 10 business days of the note. Exception Remains. Seller Comment (2024-11-29): updated voe

12/12/2024

2

C

B

C

B

C

B

C

B

C

B

CA

Primary

Purchase

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47518224

32090117

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

11/12/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47518224

32419008

Credit

Credit

Credit Documentation

Missing Document

Missing Document: Credit Report not provided

Missing updated credit report.

Reviewer Comment (2024-12-16): Received updated credit report. Exception cleared. Seller Comment (2024-12-16): Credit Report dated XX/XX/XX

12/16/2024

1

A

A

A

A

A

CA

Primary

Purchase

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42283730

32022669

Credit

Title

General

Title

Title Policy Coverage is less than Original Loan Amount.

The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

10/30/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42283730

32022992

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

10/30/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45972535

32031003

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Self-Employed Tax Return Recency - QM

General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XX,  Most Recent Tax Return End Date XX/XX/XX, Tax Return Due Date XX/XX/XX.

The file missing a copy of most recent income documents.

Reviewer Comment (2024-11-07): Client elects to waive. Seller Comment (2024-11-06): XX/XX/XX AMB: Please see that the borrower filed an extension for their XXXXX personal tax returns, the extension form 4868 has been attached to confirm. Reviewer Comment (2024-11-05): The file is missing the XXXXX personal tax returns. Evidence of extension provided in file for XXXXX.  The file contained a copy of the XXXXX 1040's. Reviewer Comment (2024-11-04): Client to review.

11/07/2024

2

B

B

B

B

B

B

B

B

B

B

UT

Second Home

Purchase

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43024578

32085912

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $1,265.00 exceeds tolerance of $1,250.00.  Sufficient or excess cure was provided to the borrower at Closing.

Fee Amount of $1,265.00 exceeds tolerance of $1,250.00. Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-11-11): Sufficient Cure Provided At Closing

11/11/2024

1

A

A

A

A

A

A

A

A

A

A

NE

Primary

Purchase

Final CD evidences Cure

A

A

A

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

46667864

32085322

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

11/11/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46667864

32085340

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.

Verification appraisal was delivered to borrower was not provided.

11/11/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47717764

31970378

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee.  Fee Amount of $1.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing.

Credit Report Re-Issue Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-10-24): Sufficient Cure Provided At Closing

10/24/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Purchase

Final CD evidences Cure

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

47717764

31970417

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

10/24/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

48901953

32055613

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

11/05/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43300119

32313628

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

12/09/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45925401

32072887

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

11/08/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43210624

32281813

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided

12/03/2024

2

B

B

B

B

B

B

B

B

B

B

CO

Primary

Refinance - Rate/Term

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43210624

32281818

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $783.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing.

Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $783.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-11-29): Sufficient Cure Provided At Closing

11/29/2024

1

A

A

A

A

A

A

A

A

A

A

CO

Primary

Refinance - Rate/Term

Final CD evidences Cure

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

43210624

32281819

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Notice of Right to Cancel Missing

Truth in Lending Act: Notice of Right to Cancel was not provided.

Notice of Right to Cancel was not provided.

Reviewer Comment (2024-12-06): Permanent financing refinance of construction only loan exempt from rescission under Comment 1026.2(a)(24)-4-ii. Seller Comment (2024-12-04): This loan is exempt from the right of rescission as it is considered a residential mortgage transaction under TILA 1026.23(f)(1) which is defined under TILA Comment 1026.2(a)(24)-4 to include construction financing. This loan is satisfying the construction loan and providing permanent financing so is a residential mortgage traction which is exempt from right of rescission. Please clear this finding.

12/06/2024

1

C

A

C

A

C

A

C

A

C

A

CO

Primary

Refinance - Rate/Term

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

49874660

32044857

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

11/04/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42523264

32157328

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

11/20/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44042557

32223817

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

11/25/2024

2

B

B

B

B

B

B

B

B

B

B

NC

Primary

Purchase

D

B

C

B

C

B

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44042557

32223829

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $1,216.00 exceeds tolerance of $750.00.  Insufficient or no cure was provided to the borrower.

Appraisal Fee was  last disclosed as $750.00 on LE but disclosed as $1,216.00 on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include $466.00, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.

Reviewer Comment (2024-12-05): SitusAMC received a valid COC. Seller Comment (2024-12-04): Attached Reviewer Comment (2024-11-26): SitusAMC received rebuttal. However, as per the COC dated XXXX Field Review is required for underwriting guidelines. We would require additional information when did the UW became aware of the same. Kindly provide supporting documents for the UW guidelines or provide cure docs. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Seller Comment (2024-11-26): Good Morning. The LE that was issued on XXXXhas the Appraisal Fee as $1216.00 and it was disclosed on the Change of Circumstance on XXX. Please review and advise. thanks

12/05/2024

1

C

A

C

A

C

A

C

A

C

A

NC

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

D

B

C

B

C

B

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

44042557

32228207

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

The subject property is located in FEMA Disaster area that does not have a declared end date. The appraisal was performed after the FEMA declaration start date but prior to the declared end date.

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than or equal to 70%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. The representative FICO score is above 680.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-12-03): Client elects to waive. Comp factors: 788 FICO, 67% LTV & 312k in reserves Reviewer Comment (2024-11-27): Client to review. Appraisal in file dated XXXX. Seller Comment (2024-11-26): Good Morning, The Effective Date of the Appraisal is 1024/2024 after the disaster. Property was inspected after the XXXX. Please advise and thank you

12/03/2024

2

C

B

C

B

C

B

C

B

C

B

NC

Primary

Purchase

D

B

C

B

C

B

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44042557

32228573

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2

The file is missing a copy of the secondary valuation required for securitization purposes.

Reviewer Comment (2024-11-27): Received Field Review verified and updated the details. Exception Cleared. Seller Comment (2024-11-26): Attached

11/27/2024

1

D

A

D

A

D

A

D

A

D

A

NC

Primary

Purchase

D

B

C

B

C

B

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44225498

31985431

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Income and Assets - REO 25% Method

General QM: Unable to verify Real Estate Owned income (25% Method) using reasonably reliable third-party records.

The file was missing a copy of lease agreement.

Reviewer Comment (2024-11-11): Received lease agreement. Exception cleared. Seller Comment (2024-11-08): 107 live oak

11/11/2024

1

C

A

C

A

C

A

C

A

C

A

NC

Primary

Purchase

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44225498

31985437

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail.

Loan designation failure due to QM failure.  This exception will be cleared once all QM specific exceptions have been cured/cleared.

Reviewer Comment (2024-11-19): Received and associated HELOC documents for $180,000.00. Sufficient funds available for CTC/reserves requirements. Exception is cleared. Seller Comment (2024-11-16): Please clear exception. All QM specific exceptions have been cured/cleared.

11/19/2024

1

B

A

C

A

B

A

C

A

B

A

NC

Primary

Purchase

Lender to provide updated ATR/QM status

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

44225498

31985438

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

10/28/2024

2

B

B

B

B

B

B

B

B

B

B

NC

Primary

Purchase

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44225498

31985471

Credit

Asset

Asset Calculation / Analysis

Asset

Available for Closing is insufficient to cover Cash From Borrower.

Documented qualifying Assets for Closing of $XXX is less than Cash From Borrower $XXXX. Final 1003 reflects account #XXX for $XXX was used for assets, however missing statements for this account. Additionally, proceeds from secured loan of $XXXx were used and the terms of the secured loan and evidence that the funds have been transferred to the borrower were not provided.

Reviewer Comment (2024-11-15): Received and associated HELOC documents for $180,000.00. Sufficient funds available for CTC/reserves requirements. Exception is cleared. Seller Comment (2024-11-14): 5608 bus aug stmt Reviewer Comment (2024-11-13): Please provide XXXXX month bank statement for XXXX to meet 2 months requirements as per AUS. Available bank statements in file are from XX/XX/XX from account #XXX. Exception remains. Seller Comment (2024-11-13): 5308 stmt Reviewer Comment (2024-11-11): EXCEPTION HISTORY - Exception Explanation was updated on XX/XX/XX PRIOR Exception Explanation: Documented qualifying Assets for Closing of  $155,970.55 is less than Cash From Borrower $406,059.18. Reviewer Comment (2024-11-11): Received HELOC documents for $180,000.00. Please note that, For First Citizens Bank #5308, bank statements available in file, does not meet 2 months seasoning requirements. Most recent available statements are from XX/XX/XX24 to XX/XX/XX are less than 2 months. Currently statements available in file are from XX/XX/XX24 is missing in file. Please provide compete transaction history or bank statement for 2 months for account #5308. Exception remains. Seller Comment (2024-11-08): see heloc docs in other upload

11/15/2024

1

C

A

C

A

C

A

C

A

C

A

NC

Primary

Purchase

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44225498

31985476

Credit

Insurance

Insurance Analysis

Insurance

Insufficient Coverage: Hazard insurance coverage amount is insufficient.

HOI coverage is insufficient by $XXXX Provide updated policy reflecting minimum coverage of $XXXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount.

Reviewer Comment (2024-11-14): Received letter from insurance agent confirming replacement cost estimate amount. Sufficient amount of insurance coverage available. Exception is cleared. Seller Comment (2024-11-14): replacement cost estimate - see letter from agent

11/14/2024

1

C

A

C

A

C

A

C

A

C

A

NC

Primary

Purchase

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44225498

31986219

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: PITIA reserves months discrepancy.

Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 3.00. Final 1003 reflects account #XXXXX for $XXXX was used for assets, however missing statements for this account. Additionally, proceeds from secured loan of $XXXX were used and the terms of the secured loan and evidence that the funds have been transferred to the borrower were not provided.

Reviewer Comment (2024-11-15): Received and associated HELOC documents for $180,000.00. Sufficient funds available for CTC/reserves requirements. Exception is cleared. Seller Comment (2024-11-14): 5608 bus aug stmt Reviewer Comment (2024-11-13): Please provide XXXXX month bank statement for XXXX #XXX to meet 2 months requirements as per AUS. Available bank statements in file are from XX/XX/XX from account XXX. Exception remains. Seller Comment (2024-11-13): 5308 stmt Reviewer Comment (2024-11-11): Received HELOC documents for $180,000.00. Please note that, For XXXX #5308, bank statements available in file, does not meet 2 months seasoning requirements. Most recent available statements are from XX/XX/XX24 to XX/XX/XX are less than 2 months. Currently statements available in file are from XX/XX/XX24 is missing in file. Please provide compete transaction history or bank statement for 2 months for account #XXX. Exception remains. Seller Comment (2024-11-08): acct 5308 , proceeds from heloc

11/15/2024

1

C

A

C

A

C

A

C

A

C

A

NC

Primary

Purchase

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44225498

31986283

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Violation

General QM: Based on the loan failing one or more guideline components, the loan is at QM risk.

Based on the loan failing one or more guideline components, the loan is at QM risk.

Reviewer Comment (2024-11-19): Received and associated HELOC documents for $XXXX. Sufficient funds available for CTC/reserves requirements. Exception is cleared. Seller Comment (2024-11-16): Please clear exception. All QM specific exceptions have been cured/cleared.

11/19/2024

1

C

A

C

A

C

A

C

A

C

A

NC

Primary

Purchase

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44225498

32023196

Credit

Missing Document

General

Missing Document

Missing Document: Official Check not provided

Missing the terms of the secured loan and evidence that the funds have been transferred to the borrower.

Reviewer Comment (2024-11-11): Received transaction history evidencing funds deposited in bank account. Exception is cleared. Seller Comment (2024-11-08): heloc docs

11/11/2024

1

C

A

C

A

C

A

C

A

C

A

NC

Primary

Purchase

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45006604

32052195

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits.  Final Lender Credit of $-13,011.81 exceeds tolerance of $-13,112.00. Insufficient or no cure was provided to the borrower.

Lender Credit Fee was last disclosed as -$13,112.00on Initial closing disclosure but disclosed as $13,011.81 on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $100.19 a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.

Reviewer Comment (2024-12-10): XXXXX received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Seller Comment (2024-12-09): Please see the attached LOX, Right to Cancel, Closing Disclosure, and Proof of Delivery. Reviewer Comment (2024-12-03): XXXXX received snip of audited field for lender paid fees disclosed on initial LE as per which the lender credit was $6278.77 and buydown was disclosed as $6833.16 on initial LE. But on initial CD the buydown fee (Credit) was reduced to $6833.04 without providing any valid COC in file also, the change of $0.12 was not covered under cure provided on final CD. A valid Changed Circumstance or cure is required.  Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Seller Comment (2024-12-02): Please see the attached Audit history. Reviewer Comment (2024-12-01): XXXXX received rate lock document, however we require proof of rounding off amount for LE. Please provide supporting document to re-evaluate the exception. Seller Comment (2024-11-27): Please see the attached Initial Closing Disclosure and the Lock Confirmation which shows the initial lender credit was -$6,278.77 + the lender paid buydown $6,833.04 and rounded to -$13,112.00 on the initial LE. Reviewer Comment (2024-11-12): XXXXX received rebuttal, however we also require proof of rounding off amount for LE. Please provide the supporting document for rounding off amount. Seller Comment (2024-11-08): Per TILA Comment XXXXX the tolerance calculation should be using the unrounded LE numbers instead of the rounded LE numbers - see regs below. 7. Use of unrounded numbers. Sections 1026.37(o)(4) and 1026.38(t)(4) require that the dollar amounts of certain charges disclosed on the Loan Estimate and Closing Disclosure, respectively, to be rounded to the nearest whole dollar. However, to conduct the good faith analysis required under §1026.19(e)(3)(i) and (ii), the creditor should use unrounded numbers to compare the actual charge paid by or imposed on the consumer for a settlement service with the estimated cost of the service.

12/10/2024

2

C

B

C

B

C

B

C

B

C

B

IL

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

44033379

32044273

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

11/04/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42848537

32085470

Credit

Loan Package Documentation

Application / Processing

Missing Document

Missing Document: Divorce Decree / Child Support not provided

Divorce decree/child support evidence is missing in the file.

Reviewer Comment (2024-12-13): Received and associated Child Support. Exception is cleared. Seller Comment (2024-12-13): Divorce Decree

12/13/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Rate/Term

C

B

C

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42848537

32085617

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.

Verification appraisal was delivered to borrower was not provided.

11/11/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Rate/Term

C

B

C

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46978098

32046216

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.

Verification appraisal was delivered to borrower was not provided.

11/04/2024

2

B

B

B

B

B

B

B

B

B

B

OR

Second Home

Purchase

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42420386

32353430

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.

Evidence of earlier receipt by borrower not found in file

Reviewer Comment (2024-12-16): XXXXX received initial CD. Seller Comment (2024-12-16): Initial CD

12/16/2024

1

C

A

C

A

C

A

C

A

C

A

WA

Primary

Purchase

No Defined Cure

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45938519

32046768

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial 1003

Initial 1003 is not provided in the file.

Reviewer Comment (2024-11-07): Lender's Initial 1003 received and associated. Exception is cleared.

11/07/2024

1

B

A

B

A

B

A

B

A

B

A

FL

Primary

Purchase

B

A

A

A

B

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

40014755

32169002

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $9,145.50 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower.

Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $9,145.50 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower.

Reviewer Comment (2024-11-29): XXXXX received a valid COC.

11/29/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Second Home

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

41117370

32141576

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.

Verification appraisal was delivered to borrower was not provided.

11/14/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

49312659

32031885

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.

Verification appraisal was delivered to borrower was not provided.

10/31/2024

2

B

B

B

B

B

B

B

B

B

B

WA

Primary

Purchase

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

49312659

32031886

Compliance

Compliance

Federal Compliance

ATR/QM Defect

QM Points and Fees XXXXX

Qualified Mortgage (Dodd Frank 2014): Points and Fees on subject loan of 3.72102% is in excess of the allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $23,057.45 on a Federal Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $4,467.84 or .72102%).

XXXXX Points and Fees exceed allowable threshold by $4,467.84 or .72102%.

Reviewer Comment (2024-11-19): Evidence of undiscounted rate and price received. Seller Comment (2024-11-14): (XXXXX) Hello, Starting adjusted rate & undiscounted rate should be XXX% @ 0.00 points based on our rate sheet grid. Please see attached, and advise if this will clear the condition? Reviewer Comment (2024-11-07): Please provide evidence of the undiscounted rate and undiscounted rate price to exclude them from testing. Seller Comment (2024-11-06): (XXXXX) Hello, XXXXX is passing across the board. I do not see where we are exceeding the 3% Would you please advise what is being reviewed that shows we are exceeding points and fees?  Thank you Seller Comment (2024-11-05): (XXXXX) Hello, the attached compliance report shows that QM Points and Fees are within tolerance and show as a Pass.

11/19/2024

1

C

A

C

A

C

A

C

A

C

A

WA

Primary

Purchase

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

49312659

32031893

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail.

Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared.

Reviewer Comment (2024-11-19): Evidence of undiscounted rate and price received. Seller Comment (2024-11-19): (XXXXX) Hello, Starting adjusted rate & undiscounted rate should be  XXX% @ 0.00 points based on our rate sheet grid. Please see attached, and advise if this will clear the condition?

11/19/2024

1

B

A

C

A

B

A

C

A

B

A

WA

Primary

Purchase

Lender to provide updated ATR/QM status

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

40687978

32021626

Credit

Title

General

Title

Title Policy Coverage is less than Original Loan Amount.

The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.

The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

10/30/2024

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46168043

32252488

Credit

Credit

Credit Documentation

Guideline

The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file.

The Borrower's previous housing payment history is required. The file must contain verification of the Borrower's 12 month payment history on the primary residence. If the Borrower previously paid rent for their residence, then the Borrower's rental housing payment history is required. Payments must be documented via an institutional Verification of Rent (VOR)/ credit supplement, or cancelled checks/bank records. A VOR from an individual or a private party landlord does not meet the requirement of verifying the Borrower's prior housing payment history.

Reviewer Comment (2024-12-03): Verification of Rent (VOR) associated and details updated. Exception is cleared. Seller Comment (2024-12-02): Attached.

12/03/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45937902

32279379

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___

The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date.

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The qualifying DTI on the loan is less than or equal to 35%. The representative FICO score exceeds the guideline minimum by at least 40 points. The representative FICO score is above 680.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-12-06): Client elects to waive. Comp factors: 754 FICO, 32% DTI & 75% LTV Reviewer Comment (2024-12-03): Client to review

12/06/2024

2

C

B

C

B

C

B

C

B

C

B

FL

Second Home

Purchase

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

40122804

32367380

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $250.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing.

Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $250.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-12-12): Sufficient Cure Provided At Closing

12/12/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Purchase

Final CD evidences Cure

B

B

B

B

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

40122804

32367410

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

12/16/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

40122804

32367638

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

12/16/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46057349

32167729

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien

TRID Final Closing Disclosure XX/XX/XX on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2.

Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.

Reviewer Comment (2024-12-12): No seller costs associated on builder direct purchase as oted on final seller closing statement

12/12/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

46057349

32168990

Credit

Borrower and Mortgage Eligibility

Mortgage / Program Eligibility

Borrower and Mortgage Eligibility

Guideline Requirement: Loan to value discrepancy.

Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___.

Calculated loan to value percentage of  79.99% exceeds Guideline loan to value percentage of  70%.

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. The representative FICO score is above 680.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-11-29): Client elects to waive, compensating factors: : 60+ months reserves, 10 years on job, $48k residual income and 783 FICO

11/29/2024

2

C

B

C

B

C

B

C

B

C

B

CA

Primary

Purchase

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46057349

32168991

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: Combined loan to value discrepancy.

Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___.

Calculated combined loan to value percentage of  79.99% exceeds Guideline combined loan to value percentage of  70%.

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. The representative FICO score is above 680.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-11-29): Client elects to waive, compensating factors: : 60+ months reserves, 10 years on job, $48k residual income and 783 FICO

11/29/2024

2

C

B

C

B

C

B

C

B

C

B

CA

Primary

Purchase

C

B

C

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43912267

32033546

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

10/31/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Rate/Term

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43912267

32033611

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail.

Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail.

Reviewer Comment (2024-11-06): Loan is SHQM(APOR).

11/06/2024

1

B

A

C

A

B

A

C

A

B

A

CA

Primary

Refinance - Rate/Term

Lender to provide updated ATR/QM status

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

46544301

32246743

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

11/27/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Rate/Term

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42247653

32161996

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

Title Policy is Preliminary or Commitment, and not a Final Title Policy.

The file was missing a copy of the final title policy.

Reviewer Comment (2025-01-03): Title provided.

01/03/2025

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42247653

32162000

Credit

Title

Document Error

Title

The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Reviewer Comment (2025-01-02): Received and associated Final Title Policy with amount of title insurance coverage. Exception is cleared. Seller Comment (2025-01-02): XX/XX/XX RF please see attached title policy, please clear thank you

01/02/2025

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45808869

32275227

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail.

Loan designation failure due to QM failure.  This exception will be cleared once all QM  specific exceptions have been cured/cleared.

Reviewer Comment (2024-12-05): Received undiscounted rate/price. Exception cleared. Seller Comment (2024-12-03): See attached Lock Action with highlighted undiscounted rate, bonafide discount (if applicable) and calculation portion. Par rate(also known as undiscounted rate) is within 2% higher than APOR which allows for 1% bonafide discount to be applied. The Undiscounted Interest Rate Price is $0.

12/05/2024

1

B

A

C

A

B

A

C

A

B

A

LA

Primary

Refinance - Rate/Term

Lender to provide updated ATR/QM status

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

45808869

32275228

Compliance

Compliance

Federal Compliance

ATR/QM Defect

QM Points and Fees 2021

Qualified Mortgage (Dodd Frank 2014): Points and Fees on subject loan of 3.51337% is in excess of the allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $XXXX on a Federal Total Loan Amount of $XXXX vs. an allowable total of $XXXX (an overage of $XXXX or .51337%).

QM Points and Fees threshold exceeded by $XXXX or .51337%. Loan was consummated after XX/XX/XX. For loans consummated after this date, there is no longer any cure mechanism available for QM points and fees violations.

Reviewer Comment (2024-12-05): Received undiscounted rate/price. Exception cleared. Seller Comment (2024-12-03): See attached Lock Action with highlighted undiscounted rate, bonafide discount (if applicable) and calculation portion. Par rate(also known as undiscounted rate) is within 2% higher than APOR which allows for 1% bonafide discount to be applied. The Undiscounted Interest Rate Price is $0.

12/05/2024

1

C

A

C

A

C

A

C

A

C

A

LA

Primary

Refinance - Rate/Term

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45808869

32275229

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Notice of Right to Cancel Missing

Truth in Lending Act: Notice of Right to Cancel was not provided.

Right of Rescission Disclosure is missing from file.

Reviewer Comment (2024-12-05): Permanent financing refinance of construction only loan exempt from rescission under Comment 1026.2(a)(24)-4-ii. Exception cleared. Seller Comment (2024-12-03): This loan is exempt from the right of rescission as it is considered a residential mortgage transaction under TILA 1026.23(f)(1) which is defined under TILA Comment 1026.2(a)(24)-4 to include construction financing. This loan is satisfying the construction loan and providing permanent financing so is a residential mortgage traction which is exempt from right of rescission. Please clear this finding.

12/05/2024

1

C

A

C

A

C

A

C

A

C

A

LA

Primary

Refinance - Rate/Term

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

45808869

32275281

Credit

Title

General

Title

Title Policy Coverage is less than Original Loan Amount.

The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.

The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

12/02/2024

2

B

B

B

B

B

B

B

B

B

B

LA

Primary

Refinance - Rate/Term

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42749693

32366339

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___

The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date.

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score is above 680.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-12-17): Client elects to waive. Comp factors: 777 FICO, 75% LTV & 58mo reserves Reviewer Comment (2024-12-12): Client to review. The appraisal was performed after the FEMA declaration start date but prior to the declared end date.

12/17/2024

2

C

B

C

B

C

B

C

B

C

B

FL

Primary

Purchase

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41674692

32366075

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

12/16/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Rate/Term

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

40513085

32259248

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Income and Assets - S-Corp

Ability to Repay (Dodd-Frank 2014): Unable to verify S-Corp income using reasonably reliable third-party records.

Most recent signed an dated 1040's not provided.

Reviewer Comment (2024-12-04): XXXXX 1040s were provided. Seller Comment (2024-12-02): XX/XX/XX CW - See attached tax returns

12/04/2024

1

C

A

C

A

C

A

C

A

C

A

GA

Primary

Purchase

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

40513085

32259249

Compliance

Compliance

Federal Compliance

ATR/QM

NonQM ATR

Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied.

ATR failure due to insufficient income documentation.  This exception will be cleared once all ATR specific exceptions have been cured/cleared.

Reviewer Comment (2024-12-04): XXXXX 1040s were provided.

12/04/2024

1

A

A

A

A

A

A

A

A

A

A

GA

Primary

Purchase

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

40513085

32259250

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail.

Loan designation failure due to QM failure.  This exception will be cleared once all QM specific exceptions have been cured/cleared.

Reviewer Comment (2024-12-04): XXXXX 1040s and undiscounted rate and price were provided. Seller Comment (2024-12-02): TB XX/XX/XX See attached Lock Action with highlighted undiscounted rate, bonafide discount (if applicable) and calculation portion. Par rate(also known as undiscounted rate) is within 2% higher than APOR which allows for 1% bonafide discount to be applied. The Undiscounted Interest Rate Price is $0.

12/04/2024

1

B

A

C

A

B

A

C

A

B

A

GA

Primary

Purchase

Lender to provide updated ATR/QM status

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

40513085

32259251

Compliance

Compliance

Federal Compliance

ATR/QM Defect

QM Points and Fees 2021

Qualified Mortgage (Dodd Frank 2014): Points and Fees on subject loan of 3.06011% is in excess of the allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $XXXX on a Federal Total Loan Amount of $XXXX vs. an allowable total of $XXXX (an overage of XXXX or .06011%).

QM Points and Fees threshold exceeded by XXXX or .06011%. Loan was consummated after XX/XX/XX. For loans consummated after this date, there is no longer any cure mechanism available for QM points and fees violations.

Reviewer Comment (2024-12-04): Undiscounted rate and price were provided. Seller Comment (2024-12-02): TB XX/XX/XX See attached Lock Action with highlighted undiscounted rate, bonafide discount (if applicable) and calculation portion. Par rate(also known as undiscounted rate) is within 2% higher than APOR which allows for 1% bonafide discount to be applied. The Undiscounted Interest Rate Price is $0.

12/04/2024

1

C

A

C

A

C

A

C

A

C

A

GA

Primary

Purchase

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

40513085

32259252

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Escrow Account

TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XX did not disclose whether the loan will have an escrow account.

Final Closing Disclosure provided on XX/XX/XX did not provided page 4.

Reviewer Comment (2024-12-02): XXXXX received complete final CD. Seller Comment (2024-12-02): TB XX/XX/XX It appears that Document ID D0208 is missing page 4. Please see attached Closing Disclosure page 4.

12/02/2024

1

C

A

C

A

C

A

C

A

C

A

GA

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

40513085

32259253

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Incomplete

TILA-RESPA Integrated Disclosure: Incomplete Closing Disclosure was signed by borrower and cannot be excluded from testing. Corresponding exceptions for inaccurate disclosures and under/over disclosures resulting from use of incomplete Closing Disclosure are valid and will need to be cured (if curable).

Final Closing Disclosure provided on XX/XX/XX did not provided page 4.

Reviewer Comment (2024-12-02): XXXXX received complete copy of final CD. Seller Comment (2024-12-02): TB XX/XX/XX It appears that Document ID D0208 is missing page 4. Please see attached Closing Disclosure page 4.

12/02/2024

2

C

B

C

B

C

B

C

B

C

B

GA

Primary

Purchase

Provide the following: Letter of Explanation notifying borrower or error, Corrected CD, and Proof of Delivery (Proof of receipt and reopened rescission also required if transaction is rescindable and material disclosures are inaccurate)

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

40513085

32259254

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Negative Amortization

TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XX incorrectly disclosed whether the loan contains Negative Amortization.

Final Closing Disclosure provided on XX/XX/XX did not provided page 4.

Reviewer Comment (2024-12-02): XXXXX received complete final CD.

12/02/2024

1

C

A

C

A

C

A

C

A

C

A

GA

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

40513085

32259255

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Partial Payments

TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XX incorrectly disclosed whether the loan allows for Partial Payments.

Final Closing Disclosure provided on XX/XX/XX did not provided page 4.

Reviewer Comment (2024-12-02): XXXXX received complete final CD. Seller Comment (2024-12-02): TB XX/XX/XX It appears that Document ID D0208 is missing page 4. Please see attached Closing Disclosure page 4.

12/02/2024

1

C

A

C

A

C

A

C

A

C

A

GA

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

40513085

32259256

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Property Costs Year 1 Underdisclosed - October 2018

TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of  on Final Closing Disclosure provided on XX/XX/XX are underdisclosed

Final Closing Disclosure provided on XX/XX/XX did not provided page 4.

Reviewer Comment (2024-12-02): XXXXX received complete final CD. Seller Comment (2024-12-02): TB XX/XX/XX It appears that Document ID D0208 is missing page 4. Please see attached Closing Disclosure page 4.

12/02/2024

1

C

A

C

A

C

A

C

A

C

A

GA

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

40513085

32259257

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Will Have Escrow Account

TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XX incorrectly disclosed whether the loan will have an escrow account.

Final Closing Disclosure provided on XX/XX/XX did not provided page 4.

Reviewer Comment (2024-12-02): XXXXX received complete final CD. Seller Comment (2024-12-02): TB XX/XX/XX It appears that Document ID D0208 is missing page 4. Please see attached Closing Disclosure page 4.

12/02/2024

1

C

A

C

A

C

A

C

A

C

A

GA

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

40513085

32259259

Compliance

Compliance

Federal Compliance

TRID

TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $5,281.00 exceeds tolerance of $4,400.00 plus 10% or $4,840.00.  Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-11-26): Sufficient Cure Provided At Closing

11/26/2024

1

A

A

A

A

A

A

A

A

A

A

GA

Primary

Purchase

Final CD evidences Cure

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

42149823

32355560

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

12/16/2024

2

B

B

B

B

B

B

B

B

B

B

RI

Primary

Purchase

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41866173

32289145

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis.  Fee Amount of $211.15 exceeds tolerance of $170.00.  Insufficient or no cure was provided to the borrower.

Appraisal Fee was  last disclosed as $170.00 on LE but disclosed as $211.15 on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include $5.00, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.

Reviewer Comment (2024-12-06): XXXXX received valid COC document Seller Comment (2024-12-05): Disagree - Please see attached Change Of Circumstances Request, Loan Estimate, and Appraisal Invoice. The Borrower requested a rush on the Appraisal, please see attached approved COFC. A Loan Estimate was sent out XX/XX/XX

12/06/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

41866173

32290316

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

12/04/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45804499

32295373

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $67.00 exceeds tolerance of $50.00.  Sufficient or excess cure was provided to the borrower at Closing.

Sufficient or excess cure was provided to the borrower at Closing

Reviewer Comment (2024-12-03): Sufficient Cure Provided At Closing

12/03/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Purchase

Final CD evidences Cure

A

A

A

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

45065547

32428178

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

12/19/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42243255

32429842

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

The subject property is located in a FEMA disaster area that does not have a declared end date.  The appraisal was performed after the FEMA declaration start date but prior to the declared end date.

Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than or equal to 70%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. The representative FICO score is above 680.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-12-20): Client elects to waive. Comp factors: 768 FICO, 70% LTV & 405k in reserves Seller Comment (2024-12-20): Revised appraisal adding disaster commentary is attached.  Thank you!

12/20/2024

2

C

B

C

B

C

B

C

B

C

B

NC

Primary

Purchase

C

B

C

B

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42243255

32429987

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

12/19/2024

2

B

B

B

B

B

B

B

B

B

B

NC

Primary

Purchase

C

B

C

B

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42702732

32367078

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of $400.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-12-12): Sufficient Cure Provided At Closing

12/12/2024

1

A

A

A

A

A

A

A

A

A

A

TX

Primary

Purchase

Final CD evidences Cure

A

A

A

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

43610231

32289457

Credit

Insurance

Insurance Analysis

Insurance

Insufficient Coverage: Hazard insurance coverage amount is insufficient.

HOI coverage is insufficient by $XXXX.  Provide updated policy reflecting minimum coverage of $XXXX OR provide copy of insurer's replacement cost estimate supporting current  coverage amount.

Reviewer Comment (2024-12-10): Received RCE mail confirmation form insurance agent that dwelling replacement is $780,000, verified and updated the details. Exception Cleared. Reviewer Comment (2024-12-06): Received document is not acceptable as RCE. Please provide Checklist of Coverage as subject is XXXXX State. Exception remains.

12/10/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Purchase

D

A

D

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43610231

32289467

Credit

Loan Package Documentation

Application / Processing

Insurance

Missing Document: Flood Certificate not provided

The file was missing a copy of Flood Certificate.

Reviewer Comment (2024-12-06): Flood Certificate associated and details updated. Exception is cleared.

12/06/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Purchase

D

A

D

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43610231

32289471

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Purchase Agreement / Sales Contract not provided

The file was missing a copy of Purchase agreememnt/ sales contract.

Reviewer Comment (2024-12-06): Received and associated Purchase Contract along with addendums. Exception is cleared. Seller Comment (2024-12-05): (XXXXX) Original Sales contract + Addendum(s) uploaded

12/06/2024

1

D

A

D

A

D

A

D

A

D

A

FL

Primary

Purchase

D

A

D

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43610231

32289485

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Legal / Regulatory / Compliance

Final Title Policy is missing. No evidence of title in file.

The file was missing a copy of Title policy.

Reviewer Comment (2024-12-06): Received and associated Final Title Policy. Exception is cleared.

12/06/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Purchase

D

A

D

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42197621

32323220

Compliance

Compliance

Federal Compliance

TRID

TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $150.00 exceeds tolerance of $130.00 plus 10% or $143.00.  Sufficient or excess cure was provided to the borrower at Closing.

Ten Percent Fee Tolerance exceeded. Total amount of $150.00 exceeds tolerance of $130.00 plus 10% or $143.00. Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-12-06): Sufficient Cure Provided At Closing

12/06/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Second Home

Purchase

Final CD evidences Cure

A

A

A

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

47376881

32248952

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2

The file is missing a copy of the secondary valuation required for securitization purposes.

Reviewer Comment (2024-09-13): Received CDA. Exception Cleared Buyer Comment (2024-09-11): CDA

09/13/2024

1

D

A

D

A

D

A

D

A

D

A

VA

Second Home

Purchase

D

B

A

A

C

B

D

A

Safe Harbor QM (APOR)

Higher Priced QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47376881

32248954

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Reviewer Comment (2024-09-11): Delivery and original appraisal provided. Buyer Comment (2024-09-10): Appraisal delivery and acknowledgment - (the original report is already in file - D0005)

09/11/2024

1

B

A

B

A

B

A

B

A

B

A

VA

Second Home

Purchase

D

B

A

A

C

B

D

A

Safe Harbor QM (APOR)

Higher Priced QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47376881

32248955

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail.

Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation HPQM.

Reviewer Comment (2024-09-26): XXXXX allows HPQM Buyer Comment (2024-09-26): Please re-designate the loan to HPQM. Reviewer Comment (2024-09-25): Loan is HPQM. Will re-designate if requested. Buyer Comment (2024-09-23): XXXXX 1040 Reviewer Comment (2024-09-17): Received Tax Transcripts(1040) for the year XXXXX. Received only 2 pages for 1040 for the year XXXXX. Need complete and all the pages for the 1040 XXXXX along with Schedule E. Exception Remains. Buyer Comment (2024-09-16): Tax Returns and Transcripts

09/26/2024

1

B

A

C

A

B

A

C

A

B

A

VA

Second Home

Purchase

Lender to provide updated ATR/QM status

D

B

A

A

C

B

D

A

Safe Harbor QM (APOR)

Higher Priced QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

47376881

32248956

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Income and Assets - REO Schedule E Method

General QM: Unable to verify Real Estate Owned income (Schedule E Method).  File does not contain most recent year Tax Transcripts, signed and dated 1040's or Schedule E.

Required most recent year Tax Transcripts, signed and dated 1040's

Reviewer Comment (2024-09-25): Received 1040 signed and dated with all schedule. exception cleared. Buyer Comment (2024-09-23): Please review 11040's uploaded Reviewer Comment (2024-09-17): Received Tax Transcripts(1040) for the year XXXXX. Received only 2 pages for 1040 for the year XXXXX. Need complete and all the pages for the 1040 XXXXX along with Schedule E. Exception Remains. Buyer Comment (2024-09-16): Tax Returns and Transcrpts

09/25/2024

1

C

A

C

A

C

A

C

A

C

A

VA

Second Home

Purchase

D

B

A

A

C

B

D

A

Safe Harbor QM (APOR)

Higher Priced QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47376881

32248957

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Income and Assets - REO Schedule E Method

General QM: Unable to verify Real Estate Owned income (Schedule E Method).  File does not contain most recent year Tax Transcripts, signed and dated 1040's or Schedule E.

Required most recent year Tax Transcripts, signed and dated 1040's

Reviewer Comment (2024-09-25): Received 1040 signed and dated with all schedule. exception cleared. Buyer Comment (2024-09-23): Please review 11040's uploaded Reviewer Comment (2024-09-17): Received Tax Transcripts(1040) for the year XXXXX. Received only 2 pages for 1040 for the year XXXXX. Need complete and all the pages for the 1040 XXXXX along with Schedule E. Exception Remains. Buyer Comment (2024-09-16): Tax Returns and Transcripts

09/25/2024

1

C

A

C

A

C

A

C

A

C

A

VA

Second Home

Purchase

D

B

A

A

C

B

D

A

Safe Harbor QM (APOR)

Higher Priced QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47376881

32248958

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Restated Loan Designation Match - QM / ATR

Ability to Repay / Qualified Mortgage (Dodd-Frank 2014): The initial Loan Designation provided did not match, however, the updated Loan Designation of Higher Priced QM (APOR) matches the Due Diligence Loan Designation of Higher Priced QM (APOR).

Re-designated.

Buyer Comment (2024-09-26): Loan re-designated to HPQM.

09/26/2024

2

A

B

B

B

A

VA

Second Home

Purchase

D

B

A

A

C

B

D

A

Safe Harbor QM (APOR)

Higher Priced QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47376881

32248959

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Reviewer Comment (2024-11-21): FEMA reported after loan review was complete.

11/21/2024

1

A

A

A

A

A

VA

Second Home

Purchase

D

B

A

A

C

B

D

A

Safe Harbor QM (APOR)

Higher Priced QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

40498417

32249333

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Non Escrow Costs Year 1 Underdisclosed - October 2018

TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year 1 of  on Final Closing Disclosure provided on XX/XX/XX are underdisclosed.

Non-Escrowed HOA fees not included on Final CD

Reviewer Comment (2024-10-22): XXXXX received Letter of Explanation & Corrected Closing Disclosure. Buyer Comment (2024-10-21): LOE and PCCD

10/22/2024

2

C

B

C

B

C

B

C

B

C

B

MO

Primary

Refinance - Cash-out - Other

Letter of Explanation & Corrected Closing Disclosure

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

40498417

32249334

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.

Verification appraisal was delivered to borrower was not provided.

Reviewer Comment (2024-10-22): Delivery provided Buyer Comment (2024-10-21): Appraisal delivery

10/22/2024

1

B

A

B

A

B

A

B

A

B

A

MO

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

40498417

32249337

Credit

Income / Employment

Income Documentation

Income / Employment

Income Docs Missing:

-

1084 or income worksheet not provided

Reviewer Comment (2024-10-22): Income calc worksheets provided Buyer Comment (2024-10-22): Income calc

10/22/2024

1

C

A

C

A

C

A

C

A

C

A

MO

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

40498417

32249338

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Require letter of explanation from borrower XXXXX decline in commission income from XXXXX over XXXXX.

Reviewer Comment (2024-10-22): LOX provided. Buyer Comment (2024-10-22): LOX

10/22/2024

1

C

A

C

A

C

A

C

A

C

A

MO

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

40498417

32249341

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

XXXXX (Refinance Primary) is missing the XX/XX/XX 1st lien payment. 2nd lien is missing the XX/XX/XX and XX/XX/XX payments

Reviewer Comment (2024-10-22): Statements provided. Buyer Comment (2024-10-22): Mtg statement

10/22/2024

1

C

A

C

A

C

A

C

A

C

A

MO

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

49897284

32252047

Credit

Title

Document Error

Title

The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The Title Commitment/Preliminary Title does not reflect the amount of the proposed Lender's coverage.

Reviewer Comment (2024-10-10): Title policy amount verified in Supplemental report. - Exception Cleared. Buyer Comment (2024-10-08): coverage amount

10/10/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45489261

32439986

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

12/20/2024

2

B

B

B

B

B

B

B

B

B

B

NJ

Second Home

Purchase

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44962118

32375168

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.

Verification appraisal was delivered to borrower was not provided.

12/17/2024

2

B

B

B

B

B

B

B

B

B

B

OH

Primary

Purchase

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42786128

32458839

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.

Verification appraisal was delivered to borrower was not provided.

12/24/2024

2

B

B

B

B

B

B

B

B

B

B

AZ

Primary

Purchase

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43832541

32294953

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail.

Waterfall due to compliance exception.

Reviewer Comment (2024-12-13): Undiscounted rate and undiscounted rate price received. Seller Comment (2024-12-11): See uploaded compliance report.  This was also included in our delivered package to you.  Thanks. Reviewer Comment (2024-12-10): Please provide the full compliance report for review. Seller Comment (2024-12-06): Please have our Compliance Report / Points & Fees Test re-reviewed.  It doesn't seem that you are taking the Excluded Bona Fide Discount Points into account.  We do not see a cure due or the wrong QM designation on this one.  Thank you.

12/13/2024

1

B

A

C

A

B

A

C

A

B

A

TX

Second Home

Purchase

Lender to provide updated ATR/QM status

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

43832541

32294954

Compliance

Compliance

Federal Compliance

ATR/QM Defect

QM Points and Fees 2021

Qualified Mortgage (Dodd Frank 2014): Points and Fees on subject loan of 3.82709% is in excess of the allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $8,190.75 on a Federal Total Loan Amount of $214,020.54 vs. an allowable total of $6,420.61 (an overage of $1,770.14 or .82709%).

Points and Fees exceed allowable threshold  of $1,770.14 or .82709%

Reviewer Comment (2024-12-13): Undiscounted rate and undiscounted rate price received. Seller Comment (2024-12-11): See uploaded compliance report.  This was also included in our delivered package to you.  Thanks. Reviewer Comment (2024-12-10): Please provide the full compliance report for review. Seller Comment (2024-12-06): Please have our Compliance Report / Points & Fees Test re-reviewed.  It doesn't seem that you are taking the Excluded Bona Fide Discount Points into account.  We do not see a cure due or the wrong QM designation on this one.  Thank you.

12/13/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Second Home

Purchase

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43832541

32295451

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

12/05/2024

2

B

B

B

B

B

B

B

B

B

B

TX

Second Home

Purchase

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42649566

32447349

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

12/23/2024

2

B

B

B

B

B

B

B

B

B

B

NC

Primary

Purchase

C

B

C

B

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42649566

32447371

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

The subject property is located in a FEMA Disaster area post-close.  There is no end declared date for the disaster as of yet.   A post-disaster inspection verifying there was no damage to the subject property is required once a declared end date is identified.

Reviewer Comment (2024-12-26): Disater end date updated. Exception replaced. Seller Comment (2024-12-26): Please note the appraisal effective date is XX/XX/XX which was well after the disaster.  Please advise why this is a requirement when the appraiser stated no damage and the pictures reflect no damage.

12/26/2024

1

C

A

C

A

C

A

C

A

C

A

NC

Primary

Purchase

C

B

C

B

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42649566

32494074

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___

Recent Valuation Inspection date is XX/XX/XX, However Disaster End dated is XX/XX/XX, Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. Exception Remains.

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. The representative FICO score is above 680.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-12-31): Client elects to waive. Comp factors: 787 FICO, 75% LTV & 200k in reserves

12/31/2024

2

B

B

B

B

B

NC

Primary

Purchase

C

B

C

B

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41343290

32448875

Credit

Loan Package Documentation

Application / Processing

Insurance

Missing Document: Flood Certificate not provided

Requires flood certificate for the subject property.

Reviewer Comment (2024-12-27): Flood Certificate associated and details updated. Exception is cleared. Seller Comment (2024-12-27): XX/XX/XX CW - See attached flood cert

12/27/2024

1

C

A

C

A

C

A

C

A

C

A

UT

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42980815

32480494

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.

Verification of appraisal was delivered to borrower was not provided

12/27/2024

2

B

B

B

B

B

B

B

B

B

B

ME

Second Home

Purchase

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45430443

32441618

Credit

Title

General

Title

Title Policy Coverage is less than Original Loan Amount.

The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.

The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

12/20/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Rate/Term

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45430443

32441693

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail.

Loan designation failure due to QM  failure.  This exception will be cleared once all QM  specific exceptions have been cured/cleared.

Reviewer Comment (2024-12-24): Undiscounted rate and price were provided. Seller Comment (2024-12-23): CT XX/XX/XX: See attached passing QM test with highlighted undiscounted rate, highlighted APR and APOR calculation reflecting less than 1.5%. The difference between the APR vs APOR is -0.503%, bonafide discount, and calculation portion. Par rate (also known as undiscounted rate) is within 2% higher than APOR which allows for 1% bonafide discount to be excluded from QM. This loan may be designated Safe Harbor. The price of the undiscounted rate is $0.00, there is no charge for undiscounted (also known as PAR) rate. $XXX - $XXX0 = $XXXX / $XXXX = 2.9947221941977700%

12/24/2024

1

B

A

C

A

B

A

C

A

B

A

CA

Primary

Refinance - Rate/Term

Lender to provide updated ATR/QM status

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

45430443

32441727

Compliance

Compliance

Federal Compliance

ATR/QM Defect

QM Points and Fees 2021

Qualified Mortgage (Dodd Frank 2014): Points and Fees on subject loan of 4.03968% is in excess of the allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $XXX on a Federal Total Loan Amount of XXXXvs. an allowable total of XXXX (an overage of $XXXX or 1.03968%).

QM Points and Fees threshold exceeded by XXXX or . -1.13%. Loan was consummated after XX/XX/XX. For loans consummated after this date, there is no longer any cure mechanism available for QM points and fees violations.

Reviewer Comment (2024-12-24): Undiscounted rate and price were provided. Seller Comment (2024-12-23): CT XX/XX/XX: See attached passing QM test with highlighted undiscounted rate, highlighted APR and APOR calculation reflecting less than 1.5%. The difference between the APR vs APOR is -0.503%, bonafide discount, and calculation portion. Par rate (also known as undiscounted rate) is within 2% higher than APOR which allows for 1% bonafide discount to be excluded from QM. This loan may be designated Safe Harbor. The price of the undiscounted rate is $0.00, there is no charge for undiscounted (also known as PAR) rate. $XXXX - $XXX = $XXXX / $XXX = 2.9947221941977700%

12/24/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Rate/Term

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43504363

32366940

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

12/16/2024

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

49587103

32472843

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The file was missing a copy of the final title policy.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): .

12/26/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41871449

32457940

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $277.83 exceeds tolerance of $203.00.  Sufficient or excess cure was provided to the borrower at Closing.

Credit Report Fee was last disclosed as $203.00 on LE but disclosed as $277.83 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $74.83, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.

Reviewer Comment (2024-12-20): Sufficient Cure Provided At Closing

12/20/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Refinance - Cash-out - Other

Final CD evidences Cure

A

A

A

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

40905740

32594559

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.

Verification appraisal was delivered to borrower was not provided.

01/10/2025

2

B

B

B

B

B

B

B

B

B

B

GA

Primary

Purchase

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

48434401

32475995

Credit

Income / Employment

Income Documentation

Income / Employment

Income Docs Missing:

-

4506-C (XXXXX) is missing in file for co-borrower.

Reviewer Comment (2024-10-08): Signed 4506-C Received for XXXXX. Exception cleared Buyer Comment (2024-10-07): 4506

10/08/2024

1

C

A

C

A

C

A

C

A

C

A

UT

Primary

Purchase

D

B

D

B

B

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

48434401

32475996

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Purchase Agreement / Sales Contract not provided

Purchase Agreement / Sales Contract is missing in file for subject property.

Reviewer Comment (2024-10-08): Received Signed Purchase contract and addendum with addendum of updated Purchase price of $XXXXX. Exception cleared Buyer Comment (2024-10-07): Purchase contract

10/08/2024

1

D

A

D

A

D

A

D

A

D

A

UT

Primary

Purchase

D

B

D

B

B

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

48434401

32475997

Compliance

Compliance

Federal Compliance

RESPA

RESPA -  Initial Escrow Account statement Inaccurate

RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure.

Initial Escrow Account statement Inaccurate

Reviewer Comment (2024-10-15): received corrected Initial escrow account disclosures. Exception Cleared Buyer Comment (2024-10-11): Please cancel - Per lender: initial escrow account statement shows initial deposit $6863.89 , which is the same as final CD, page 2 , section G initial escrow payment at closing $6863.89. please see CD and IEADS, match escrows

10/15/2024

1

B

A

B

A

B

A

B

A

B

A

UT

Primary

Purchase

If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required.

D

B

D

B

B

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

48434401

32476001

Credit

Property - Appraisal

Property Eligibility - Subject and Improvements

Property - Appraisal

Log homes are ineligible per guidelines.

Log home are ineligible per guidelines, further review required. (3 of comps are also log).

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

98 vs 3

SitusAMC,Aggregator

Reviewer Comment (2024-10-29): Clients accepts and agrees to waive with compensating factors. Buyer Comment (2024-10-29): XXXXX accepts, meets XXXXX guideline.

10/29/2024

2

C

B

C

B

C

B

C

B

C

B

UT

Primary

Purchase

D

B

D

B

B

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

40098225

32476002

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

Title Policy is Preliminary or Commitment, and not a Final Title Policy.

Reviewer Comment (2024-11-01): Received Final Title policy with coverage amount covering the loan amount. Exception Cleared

11/01/2024

1

A

A

A

A

A

A

A

A

A

A

UT

Primary

Refinance - Rate/Term

C

A

C

A

B

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

40098225

32476003

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Missing evidence of timely delivery prior to closing (secondary valuation)

Reviewer Comment (2024-11-11): Original appraisal provided. Buyer Comment (2024-11-07): Appraisal download report

11/11/2024

1

B

A

B

A

B

A

B

A

B

A

UT

Primary

Refinance - Rate/Term

C

A

C

A

B

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

40098225

32476007

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Primary appraisal used for LTV purposes reflects Rural Residential.  Also, secondary valuation used to validate  primary appraisal reflects Agriculture Grazing.

Reviewer Comment (2024-11-11): Appraiser updated to Rural Residential Buyer Comment (2024-11-08): See appraisal

11/11/2024

1

C

A

C

A

C

A

C

A

C

A

UT

Primary

Refinance - Rate/Term

C

A

C

A

B

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

40098225

32476008

Credit

Title

General

Title

Title Policy Coverage is less than Original Loan Amount.

Commitment has insufficient coverage.

Final Title Policy will be provided as a trailing document.

Final Title Policy will be provided as a trailing document

SitusAMC,Aggregator

Reviewer Comment (2025-02-24): . Reviewer Comment (2024-11-01): Received Final Title policy with coverage amount covering the loan amount. Exception Cleared Buyer Comment (2024-10-30): Final title with correct loan amount

11/01/2024

1

B

A

B

A

B

A

B

A

B

A

UT

Primary

Refinance - Rate/Term

C

A

C

A

B

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

49255720

32476185

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Provided Prior to Date Performed

ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements.

File contains evidence appraisal report provided is an updated report. Delivery confirmations dated earlier than report date of report located in file. Lender to provide all previous appraisal reports/updates.

Reviewer Comment (2024-11-06): Original Appraisal received. Exception Cleared Buyer Comment (2024-11-04): original appraisal

11/06/2024

1

B

A

B

A

B

A

B

A

B

A

TX

Primary

Purchase

C

A

C

A

B

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

49255720

32476187

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final 1003

Signed Final 1003 is missing for both borrowers

Reviewer Comment (2024-11-12): Received Final 1003 Exception Cleared Buyer Comment (2024-11-08): 1003

11/12/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

C

A

C

A

B

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

48005845

32476219

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $165.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower.

Appraisal Desk Review Fee was disclosed as $0.00 on Initial LE and $165.00 on Final CD. File does not contain a valid COC. Insufficient or no cure was provided to the borrower.

Reviewer Comment (2024-11-07): XXXXX received VCC. Buyer Comment (2024-11-07): Loan locked with investor XX/XX/XX - see rate lock. D278 Reviewer Comment (2024-11-01): XXXXX received COC dated XX/XX/XX. but the reason provided is not sufficient as to what new information was received from investor that resulted in requirement of Appraisal Desk Review Fee. Please provide information as to what changed circumstance occurred (as defined under 1026.19(e)(4)(A)-(F) that resulted in an increase in closing costs. Buyer Comment (2024-10-31): COC

11/07/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

43599066

32928089

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail.

Waterfall due to missing income documents

Reviewer Comment (2024-11-13): Received Transcripts (1040), XXXXX XXXXX. Exception Cleared

11/13/2024

1

B

A

C

A

B

A

C

A

B

A

CA

Primary

Purchase

Lender to provide updated ATR/QM status

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43599066

32928090

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Income and Assets - Schedule C

General QM: Unable to verify Sole Proprietorship income using reasonably reliable third-party records.

The XXXXX 1040 tax return was not signed and dated on or before closing.

Reviewer Comment (2024-11-13): Received Transcripts (1040), XXXXX XXXXX. Exception Cleared Reviewer Comment (2024-11-11): Received Signed XXXXX Copy however Signature dated is not legible (font size is too small to see). Exception Remains Buyer Comment (2024-11-07): Signed tax returns

11/13/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43599066

32928091

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Income and Assets - Schedule C

General QM: Unable to verify Sole Proprietorship income using reasonably reliable third-party records.

The XXXXX 1040 tax return was not signed and dated on or before closing.

Reviewer Comment (2024-11-13): Received Transcripts (1040), XXXXX XXXXX. Exception Cleared Reviewer Comment (2024-11-11): Received Signed XXXXX Copy however Signature dated is not legible (font size is too small to see). Exception Remains Buyer Comment (2024-11-11): see attached

11/13/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43599066

32928092

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Income and Assets - Schedule C

General QM: Unable to verify Sole Proprietorship income using reasonably reliable third-party records.

The XXXXX 1040 tax return was not signed and dated on or before closing.

Reviewer Comment (2024-11-13): Received Transcripts (1040), XXXXX XXXXX. Exception Cleared Reviewer Comment (2024-11-11): Received Signed XXXXX Copy however Signature dated is not legible (font size is too small to see). Exception Remains Buyer Comment (2024-11-11): see attached

11/13/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43599066

32928094

Credit

Loan Package Documentation

Application / Processing

Missing Document

Missing Document: Tax Certificate not provided

Require tax information sheet to match the lender used tax amount of $XXXXX.

Reviewer Comment (2024-11-21): Lender used higher tax amount of $XXXXX per month. This amount is on the 1008 and AUS. This does not match the tax cert because the lender used the amount for the increased value. Cleared Reviewer Comment (2024-11-13): As per the 1008 D0727 we have rate calculation i.e. Sales Price $XXXXX*XXXXX% Tax Rate= XXXXX/12=$XXXXX(Per Month) + Supplemental / Special Assessment $XXXXX/12=$XXXXX(Per Month)=$XXXXX(Per Month). But Lender considered $XXXXX. We have received an updated 1008 with tax amount as $XXXXX. But we still need a copy of an updated 1003, PCCD and Initial Escrow Account Disclosure Statement with tax amount as $XXXXX. Exception Remains. Buyer Comment (2024-11-11): Per lender : we used correct amount of XXXXX

11/21/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43599066

32928095

Credit

Credit

Credit Documentation

Guideline

Missing Document: Asset not provided

Require a CPA statement indicating withdrawal of the funds will not negatively impact from XXXXX & XXXXX for XXXXX

Reviewer Comment (2024-12-11): Received a copy of letter from the accountant of XXXXX stating withdraw of funds will not negatively impact. Buyer Comment (2024-12-10): Lender's comment: Borr will need approx. $XXXbusiness assets for funds to close after use of personal and gift assets • XXXXX• XXXXX Both business operating in the green, multiple writeoffs reflect higher expenses, but these are attributed to funds being shifted between businesses for new investments. If just using funds from XXXXX funds would be replenished within 3 mths of use and without disrupting funds needed for expenses, sufficient reserves would remain for business use within both businesses Buyer Comment (2024-12-10): Letter was from the accountant of  XXXXX Buyer Comment (2024-12-10): Just a FYI: Pushed back to Lender for UW cash flow as the taxes are S/E prepared and letter provided is not from a n accountant or CPA wo prepared the borrowers taxes Reviewer Comment (2024-12-06): CPA letter provided with no CPA business address. require updated CPA letter with CPA signature, Date on CPA letter head with business address. Exception remains. Buyer Comment (2024-12-05): CPA Letter

12/11/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43599066

32928098

Credit

Income / Employment

Income Documentation

Income / Employment

Income Docs Missing:

-

Require tax transcript for the year XXXXX & XXXXX per guides.

Reviewer Comment (2024-11-13): Received Transcripts (1040) (XXXXX), Transcripts (1040) (XXXXX). Exception Cleared Buyer Comment (2024-11-11): XXXXX & XXXXX transcripts

11/13/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

48124249

32928130

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Missing timely delivery

Buyer Comment (2024-12-04): Acknowledged non material Reviewer Comment (2024-12-04): Received acknowledgement of receipt, however report date XX/XX/XX did not received by borrower prior to 3 Business days of closing date of XX/XX/XX. no appraisal timing waiver provided in the file. Exception remains (Require Original appraisal if any) Buyer Comment (2024-12-02): Acknowledgement of receipt

12/04/2024

2

B

B

B

B

B

B

B

B

B

B

NC

Primary

Purchase

C

B

C

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

48124249

32928131

Credit

Income / Employment

Income Documentation

Missing Document

REO Documents are missing.

-

Loan application , borrower disclosed $558.82 in tax/ins/hoa obligation; however. File only documents monthly taxes of $XXXXX and HOA of $XXXXX. other amount of the monthly obligation not documented.

Reviewer Comment (2024-12-11): Received updated 1003/1008/AUS with change REO Property XXXXX expenses to $325.49 . Exception Cleared Buyer Comment (2024-12-10): Updated AUS Reviewer Comment (2024-12-10): Re opened so the AUS can be uploaded. Reviewer Comment (2024-12-10): Received Updated 1008. DTI is within tolerance limit. revised AUS not require as updated 1003 also received. Exception Cleared Buyer Comment (2024-12-07): 1008 Reviewer Comment (2024-12-05): Received updated 1003. required 1008 and AUS to be updated. exception remains. Buyer Comment (2024-12-04): 1003

12/11/2024

1

C

A

C

A

C

A

C

A

C

A

NC

Primary

Purchase

C

B

C

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44105873

32928162

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of $785.00 exceeds tolerance of $575.00.  Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-11-29): Sufficient Cure Provided At Closing

11/29/2024

1

A

A

A

A

A

A

A

A

A

A

TX

Primary

Purchase

Final CD evidences Cure

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44105873

32928167

Credit

Asset

Asset Calculation / Analysis

Asset

Available for Closing is insufficient to cover Cash From Borrower.

Internal Transfer from spouse only account XXXXX (not on the loan) of $60k and $30k omitted. No gift letters in file.

Reviewer Comment (2024-12-19): Received gift letter and source verified. sufficient asset to close. exception cleared. Buyer Comment (2024-12-19): see gift letter

12/19/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44105873

32928168

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: PITIA reserves months discrepancy.

Internal Transfer from spouse only account XXXXX (not on the loan) of $60k and $30k omitted. No gift letters in file.

Reviewer Comment (2024-12-19): Received gift letter and source verified. sufficient asset to close. exception cleared. Buyer Comment (2024-12-19): gift letters

12/19/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44105873

32928169

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk.

Waterfall due to insufficient assets

Reviewer Comment (2024-12-20): Cleared Buyer Comment (2024-12-19): see gift letters

12/20/2024

1

B

A

C

A

B

A

C

A

B

A

TX

Primary

Purchase

Lender to provide updated ATR/QM status

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44105873

32928170

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Violation

General QM: Based on the loan failing one or more guideline components, the loan is at QM risk.

Waterfall due to insufficient assets

Reviewer Comment (2024-12-20): Cleared Buyer Comment (2024-12-19): see gift letters

12/20/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

C

A

C

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41073771

32928189

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk.

Water fall exception

Reviewer Comment (2024-11-19): Mortgage used once and included in ratios. HOA add backs for rentals captured. DTI is line with approval.

11/19/2024

1

B

A

C

A

B

A

C

A

B

A

MO

Second Home

Refinance - Rate/Term

Lender to provide updated ATR/QM status

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41073771

32928190

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor and QM DTIs match and both moderately exceed Guidelines

General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of 50.57982% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.)

Lender has omitted mortgage payment $XXX on REO "XXXXX"  as it is duplicate account reported on credit report however not accounted the mortgage payment for other Borrowers XXXXX & XXXXX into DTI which causing DTI breach.

Reviewer Comment (2024-11-19): Mortgage used once and included in ratios. HOA add backs for rentals captured. DTI is line with approval.

11/19/2024

1

C

A

C

A

C

A

C

A

C

A

MO

Second Home

Refinance - Rate/Term

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41073771

32928191

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Amount Financed Test

TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $XXX is over disclosed by $768.00 compared to the calculated Amount Financed of $XXX and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated XX/XX/XX).

Finance Charge disclosed is $XXX  Calculated finance charge is $XXXX Variance of -$XXX .Based on review of Lender's compliance report, Exchange fees not included in finance charge calculation.

Reviewer Comment (2024-12-18): XXXXX received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Buyer Comment (2024-12-17): Please see uploaded shipping label Reviewer Comment (2024-12-16): XXXXX received PCCD, LOE and Copy of refund check.  Please provide proof of mailing to complete remediation. Buyer Comment (2024-12-16): Refund check Buyer Comment (2024-12-16): LOE Buyer Comment (2024-12-16): PCCD

12/18/2024

2

C

B

C

B

C

B

C

B

C

B

MO

Second Home

Refinance - Rate/Term

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41073771

32928192

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Finance Charge

TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of $XXX is under disclosed by $768.00 compared to the calculated Finance Charge of $XXXX which exceeds the $100.00 threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated XX/XX/XX).

Finance Charge disclosed is $XXXX Calculated finance charge is $XXXX Variance of -$778 .Based on review of Lender's compliance report, -$778  Exchange Fee not included in finance charge calculation.

Reviewer Comment (2024-12-18): XXXXX received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Buyer Comment (2024-12-17): Shipping label Reviewer Comment (2024-12-16): XXXXX received PCCD, LOE and Copy of refund check.  Please provide proof of mailing to complete remediation. Buyer Comment (2024-12-16): Please see uploaded PCCD, LOE and refund check. Pending receipt of delivery. Reviewer Comment (2024-12-04): Confirming Finance Charge underdisclosure was $768. Corrected CD, LOE to borrower, copy of cure refund for $768 and proof of mailing to cure. Buyer Comment (2024-12-03): Please advise if the cure amount is $768.00 or $778.00. XXXXX is showing $768.00 as the cure amount, the XXXXX reviewer comments show $778.00. Please verify the cure amount is $768.00.

12/18/2024

2

C

B

C

B

C

B

C

B

C

B

MO

Second Home

Refinance - Rate/Term

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41073771

32928193

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Partial Payments

TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XX incorrectly disclosed whether the loan allows for Partial Payments.

Final Closing Disclosure provided on XX/XX/XX incorrectly disclosed whether the loan allows for Partial Payments. Partial Payment selected both i) XXXXX Hold them in a seperate account ii) Does not accept any partial payments.

Reviewer Comment (2024-12-13): LOX and PCCD provided. Buyer Comment (2024-12-13): PCCD Buyer Comment (2024-12-13): LOE

12/13/2024

2

C

B

C

B

C

B

C

B

C

B

MO

Second Home

Refinance - Rate/Term

Letter of Explanation & Corrected Closing Disclosure

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41073771

32928195

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $7,301.84 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower.

Discount Point Fee was disclosed as $0 on Initial LE and $7,301.84  on Final CD. File does not contain a valid COC for this fee,, no evidence of cure in file.  Provide evidence of initial lock.

Reviewer Comment (2024-12-18): XXXXX received Letter of Explanation, Payment History and Corrected PCCD. Buyer Comment (2024-12-17): Payment history for XXXXX Reviewer Comment (2024-12-16): XXXXX received corrected PCCD, LOE, copy of refund check missing proof of mailing for check and payment history to verify principal reduction to cure the exceptions. Buyer Comment (2024-12-16): Please see uploaded PCCD and LOE, pending receipt of pay history for PR portion from lender. Reviewer Comment (2024-12-06): XXXXX received rebuttal stating cure requirement. The cure require for loan discount point is $79.84. Kindly provide a valid COC or provide cure for the fee increased. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2024-12-05): Please advise on the required cure amount. Please confirm it is $79.84 as valid COC was provided for the $7222.00 discount points added XX/XX/XX Reviewer Comment (2024-11-07): XXXXX received COC for rate lock, however fee again increased on CD dated XX/XX/XX. A valid Changed Circumstance or cure is required.  Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2024-11-05): COC for rate lock Reviewer Comment (2024-10-30): XXXXX received rebuttal comment, However, the Loan discount point fee in the amount of $7,222 added on revised LE dated XX/XX/XX. Also, the fee was further increase of $7,301.84 from $7,222 on CD dated XX/XX/XX. However, there seems to no valid COC in the loan file for the fee was added and increased. Provide valid COC for the fee was added and increased or Cure would be due to borrower. Buyer Comment (2024-10-28): Please re-review tolerance exceptions and ensure their validity.  Exceptions mention that the fees were not disclosed on the initial LE, however they are on the Initial LE issued XX/XX/XX, then were removed from the XX/XX/XX LE and then added back. Please clarify if/what dates the seller is missing COC's for.

12/18/2024

2

C

B

C

B

C

B

C

B

C

B

MO

Second Home

Refinance - Rate/Term

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41073771

32928196

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Exchange Fee.  Fee Amount of $600.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower.

Exchange Fee was disclosed as $0 on Initial LE and $600  on Final CD. File does not contain a valid COC for this fee, evidence of cure in file is $0.00

Reviewer Comment (2024-12-18): XXXXX received Letter of Explanation, Payment History and Corrected PCCD. Buyer Comment (2024-12-17): Please see uploaded Payment History Reviewer Comment (2024-12-16): XXXXX received corrected PCCD, LOE, copy of refund check missing proof of mailing for check and payment history to verify principal reduction to cure the exceptions. Buyer Comment (2024-12-16): Please see uploaded PCCD and LOE, pending receipt of pay history for PR portion from lender. Reviewer Comment (2024-11-12): XXXXX received rebuttal comment and provided COC indicating the rate was locked. Exchange fee is not tied to rate lock. Additional information and supporting documentation of timeline is required on how the rate lock impacted the fee to added or a cure is required. Buyer Comment (2024-11-08): Per Lender, the fee was added when the rate was locked as they are specific fees the lender charges for loans they lock with XXXXX. Reviewer Comment (2024-11-07): XXXXX received Changed Circumstance dated XX/XX/XX, but it does not give sufficient information on why the fee was added.  In order to determine if the changed circumstance is valid more information is necessary on reason fee added and when lender became aware of the change.  A valid Changed Circumstance or cure is required.  Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2024-11-05): Please see uploaded COC for rate lock Reviewer Comment (2024-10-30): XXXXX received rebuttal comment, However, the Exchange fee in the amount of $600 added on revised LE dated XX/XX/XX. Also, there seems to no valid COC in the loan file for the fee was added on XX/XX/XX LE. Provide valid COC for the fee was added or Cure would be due to borrower. Buyer Comment (2024-10-28): Please re-review tolerance exceptions and ensure their validity.  Exceptions mention that the fees were not disclosed on the initial LE, however they are on the Initial LE issued XX/XX/XX, then were removed from the XX/XX/XX LE and then added back. Please clarify if/what dates the seller is missing COC's for.

12/18/2024

2

C

B

C

B

C

B

C

B

C

B

MO

Second Home

Refinance - Rate/Term

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41073771

32928197

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Exchange Fee.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Insufficient or no cure was provided to the borrower.

Exchange Fee was disclosed as $0 on Initial LE and $150  on Final CD. File does not contain a valid COC for this fee, evidence of cure in file is $0.00

Reviewer Comment (2024-12-18): XXXXX received Letter of Explanation, Payment History and Corrected PCCD. Buyer Comment (2024-12-17): Please see uploaded Payment History Reviewer Comment (2024-12-16): XXXXX received corrected PCCD, LOE, copy of refund check missing proof of mailing for check and payment history to verify principal reduction to cure the exceptions. Buyer Comment (2024-12-16): Please see uploaded PCCD and LOE, pending receipt of pay history for PR portion from lender. Reviewer Comment (2024-11-12): XXXXX received rebuttal comment and provided COC indicating the rate was locked. Exchange fee is not tied to rate lock. Additional information and supporting documentation of timeline is required on how the rate lock impacted the fee to added or a cure is required. Buyer Comment (2024-11-08): Per Lender, the fee was added when the rate was locked as they are specific fees the lender charges for loans they lock with XXXXX. Reviewer Comment (2024-11-07): XXXXX received Changed Circumstance dated XX/XX/XX, but it does not give sufficient information on why the fee was added.  In order to determine if the changed circumstance is valid more information is necessary on reason fee added and when lender became aware of the change.  A valid Changed Circumstance or cure is required.  Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2024-11-05): Please see uploaded COC for rate lock Reviewer Comment (2024-10-30): XXXXX received rebuttal comment, However, the Exchange fee in the amount of $150 added on revised LE dated XX/XX/XX. Also, there seems to no valid COC in the loan file for the fee was added on XX/XX/XX LE. Provide valid COC for the fee was added or Cure would be due to borrower. Buyer Comment (2024-10-28): Please re-review tolerance exceptions and ensure their validity.  Exceptions mention that the fees were not disclosed on the initial LE, however they are on the Initial LE issued XX/XX/XX, then were removed from the XX/XX/XX LE and then added back. Please clarify if/what dates the seller is missing COC's for.

12/18/2024

2

C

B

C

B

C

B

C

B

C

B

MO

Second Home

Refinance - Rate/Term

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41073771

32928198

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $99.50 exceeds tolerance of $80.00.  Insufficient or no cure was provided to the borrower.

Credit Report Fee was disclosed as $80 on Final LE and $99.50 on Final CD. File does not contain a valid COC for this fee, evidence of cure in file is $0.00

Reviewer Comment (2024-12-18): XXXXX received Letter of Explanation, Payment History and Corrected PCCD. Buyer Comment (2024-12-17): Please see uploaded Payment History Reviewer Comment (2024-12-16): XXXXX received corrected PCCD, LOE, copy of refund check missing proof of mailing for check and payment history to verify principal reduction to cure the exceptions. Buyer Comment (2024-12-16): Please see uploaded PCCD and LOE, pending receipt of pay history for PR portion from lender. Reviewer Comment (2024-10-30): XXXXX received rebuttal comment, However, the Credit report fee increase of $100 from $80 on revised LE dated XX/XX/XX and there seems to no valid COC in the loan file for the fee was increased on XX/XX/XX LE. Provide valid COC for the fee was added or Cure would be due to borrower. Buyer Comment (2024-10-28): Please re-review tolerance exceptions and ensure their validity.  Exceptions mention that the fees were not disclosed on the initial LE, however they are on the Initial LE issued XX/XX/XX, then were removed from the XX/XX/XX LE and then added back. Please clarify if/what dates the seller is missing COC's for.

12/18/2024

2

C

B

C

B

C

B

C

B

C

B

MO

Second Home

Refinance - Rate/Term

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41073771

32928199

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $2,494.00 exceeds tolerance of $1,657.00 plus 10% or $1,822.70.  Insufficient or no cure was provided to the borrower.

10% tolerance was exceeded by $2,494 due to increase of $671.30- Title - Abstract / Title Search, Title - Courier / Express Mail / Messenger Fee, Title - Electronic Document Delivery Fee, Title - Recording Service Fee, Title - Wire /Funding/ Disbursement Fee and Title - Title Production Fee .  No valid COC provided, $0.00 evidence of cure in file.

Reviewer Comment (2024-12-18): XXXXX received Letter of Explanation, Payment History and Corrected PCCD. Buyer Comment (2024-12-17): Please see uploaded Payment History Reviewer Comment (2024-12-16): XXXXX received corrected PCCD, LOE, copy of refund check missing proof of mailing for check and payment history to verify principal reduction to cure the exceptions. Buyer Comment (2024-12-16): Please see uploaded PCCD and LOE, pending receipt of pay history for PR portion from lender. Reviewer Comment (2024-10-30): XXXXX received rebuttal comment. However, XXXXX is unable to determine from the file whether the borrower shopped for service. The file does not contain a "SSPL".  Tolerance category will be reevaluated when SPPL is received. Buyer Comment (2024-10-28): Please re-review tolerance exceptions and ensure their validity.  Exceptions mention that the fees were not disclosed on the initial LE, however they are on the Initial LE issued XX/XX/XX, then were removed from the XX/XX/XX LE and then added back. Please clarify if/what dates the seller is missing COC's for.

12/18/2024

2

C

B

C

B

C

B

C

B

C

B

MO

Second Home

Refinance - Rate/Term

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41073771

32928200

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: Investor qualifying total debt ratio discrepancy.

Lender has omitted mortgage payment XXX on REO "XXXXX"  as it is duplicate account reported on credit report however not accounted the mortgage payment for other Borrowers XXXXX & XXXXX into DTI which causing DTI breach. Require proof of omission of mortgage payment XXXX for the REO "XXXXX"

Reviewer Comment (2024-11-19): Mortgage used once and included in ratios. HOA add backs for rentals captured. DTI is line with approval. Reviewer Comment (2024-11-13): Under review Buyer Comment (2024-11-11): Lender's comments: What documentation will you accept for this condition? The mortgage statement shows that XXXXX and XXXXX are both on the account. Borrowers should not have the same mortgage showing 2 times on their liabilities - that is charging the borrower 2 times for that 1 liability. Please advise. Buyer Comment (2024-11-11): Per lender : What documentation will you accept for this condition? The mortgage statement shows that XXXXX and XXXXX are both on the account. Borrowers should not have the same mortgage showing 2 times on their liabilities - that is charging the borrower 2 times for that 1 liability. Please advise

11/19/2024

1

C

A

C

A

C

A

C

A

C

A

MO

Second Home

Refinance - Rate/Term

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41073771

32928201

Credit

Income / Employment

Income Documentation

Income / Employment

Verification(s) of employment is not within 10 business days of the Note.

-

Require verbal verification of employment for borrower XXXXX from employer XXXXX within 10 business days of note date.

Reviewer Comment (2024-11-08): Received Post close Verification allows as per AUS. Exception Cleared Buyer Comment (2024-11-06): VOE XXXXX

11/08/2024

1

C

A

C

A

C

A

C

A

C

A

MO

Second Home

Refinance - Rate/Term

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41073771

32928202

Credit

Income / Employment

Income Documentation

Income / Employment

Verification(s) of employment is not within 10 business days of the Note.

-

Require verbal verification of employment for borrower XXXXX from employer XXXXX within 10 business days of note date.

Reviewer Comment (2024-11-08): Received Post close Verification allows as per AUS. Exception Cleared Buyer Comment (2024-11-06): VOE XXXXX

11/08/2024

1

C

A

C

A

C

A

C

A

C

A

MO

Second Home

Refinance - Rate/Term

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41073771

32928203

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Violation

General QM: Based on the loan failing one or more guideline components, the loan is at QM risk.

This will be re-reviewed when all ATR income doc received. DTI breach.

Reviewer Comment (2024-11-19): Mortgage used once and included in ratios. HOA add backs for rentals captured. DTI is line with approval.

11/19/2024

1

C

A

C

A

C

A

C

A

C

A

MO

Second Home

Refinance - Rate/Term

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41073771

32928204

Credit

Credit

Credit Documentation

Guideline

The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file.

Provide verification that XX/XX/XX payment to XXXXX on XXXXX was paid withing month due.

Reviewer Comment (2024-12-17): Received credit supplement to verify second lien payment until XX/XX/XX. Exception cleared. Buyer Comment (2024-12-16): Supplement Reviewer Comment (2024-11-13): Updated commentary:- Received 1st lien XXXXX  XX/XX/XX payment verification, however still missing 2nd Lien payment verification  from XX/XX/XX. Exception Remains Buyer Comment (2024-11-11): Update for XXXXX pay history Buyer Comment (2024-11-11): Credit

12/17/2024

1

C

A

C

A

C

A

C

A

C

A

MO

Second Home

Refinance - Rate/Term

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47110411

32928206

Property

Valuation

Valuation Issue

Valuation

The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal

Appraisal is dated XX/XX/XX and the XXXXX is dated XX/XX/XX.

Reviewer Comment (2024-12-11): Updated XXXXX matches OA effective date; however, lower valuation resulting in a variance of 19.65% below OA. See new exception. Buyer Comment (2024-12-11): XXXXX Reviewer Comment (2024-12-09): We need a XXXXX that is dated XX/XX/XX meaning it is reviewing the OA appraisal date, or if there is a copy of an OA dated XX/XX/XX provide that to clear, The XXXXX is referring to OA date that we do not have in file. Reviewer Comment (2024-12-09): Appraisal is dated XX/XX/XX and the XXXXX is dated XX/XX/XX. Which is not matching primary appraisal. A field review was recently added which does not match any of the dates on the initial exception. We are not sure what relevance the field review has to the initial exception issue. Buyer Comment (2024-12-06): Updated Effective date Reviewer Comment (2024-12-02): Received Field Review however the effective date of Appraisal under review was XX/XX/XX which is not matching with primary appraisal effective date of XX/XX/XX. Exception Remains Buyer Comment (2024-11-29): Field review

12/11/2024

1

C

A

C

A

C

A

C

A

C

A

UT

Primary

Purchase

C

B

A

A

B

B

C

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47110411

32928207

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Will Have Escrow -  Initial Escrow Payment By All Parties

TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XX disclosed an Initial Escrow Payment that includes both borrower and non-borrower paid amounts.

The initial escrow payment indicted on page 4 of the CD included seller-paid amounts.

Buyer Comment (2024-11-15): Lender acknowledged non material EV2 Buyer Comment (2024-11-15): LOX

11/15/2024

2

B

B

B

B

B

B

B

B

B

B

UT

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

C

B

A

A

B

B

C

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47110411

32928209

Property

Appraisal Reconciliation

Value Discrepancy

Appraisal Reconciliation

Loan is to be securitized. Highest level secondary valuation does not support the value used to qualify. Sec ID: 7

New exception as a result of new documentation received: Updated XXXXX provided with lower valuation resulting in a variance of 19.65% below OA.

Reviewer Comment (2024-12-11): Field Report also provided , lower value but within 6.26% of OA and accepted. Buyer Comment (2024-12-11): Field review in file,

12/11/2024

1

A

A

A

A

A

UT

Primary

Purchase

C

B

A

A

B

B

C

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47110411

32928210

Property

Appraisal Reconciliation

Value Discrepancy

Appraisal Reconciliation

Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22

Note Date:  ___; Lien Position: ___

New exception as a result of new documentation received: Updated Field Report also provided , lower value but  within 6.26% of OA and accepted.

Reviewer Comment (2024-12-11): Updated Field Report also provided , lower value but within 6.26% of OA and accepted.

12/11/2024

1

A

A

A

A

A

UT

Primary

Purchase

C

B

A

A

B

B

C

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

48718625

32928291

Credit

Income / Employment

Income Documentation

Income / Employment

Verification(s) of employment is not within 10 business days of the Note.

-

VVOE - Employment Only is not available at the time of review.

Reviewer Comment (2024-12-12): Received Third party Employment Verification within 10 days of Closing date for XXXXX. Exception cleared Buyer Comment (2024-12-11): VOE Reviewer Comment (2024-12-04): Received a copy of Third Party Verification of Income dated XX/XX/XX which is not within 10 business days of the Note. Provided document we already have in file. Need a copy of Verification(s) of employment is not within 10 business days of the Note. Exception Remains Buyer Comment (2024-12-03): VOE for XXXXX

12/12/2024

1

C

A

C

A

C

A

C

A

C

A

AZ

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45829051

32928338

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Will Have Escrow -  Initial Escrow Payment By All Parties

TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XX disclosed an Initial Escrow Payment that includes both borrower and non-borrower paid amounts.

Final Closing Disclosure provided on XX/XX/XX disclosed an Initial Escrow Payment that was paid by the Seller.

Buyer Comment (2024-12-05): Acknowledged as non-material. seller paid escrow funds.

12/05/2024

2

B

B

B

B

B

B

B

B

B

B

NV

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44189165

32928527

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Will Not Have Escrow -  Reason

TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XX incorrectly disclosed whether the loan will have an escrow account.

TRID Final Closing Disclosure Will Not Have Escrow -  Reason

Reviewer Comment (2024-12-23): XXXXX Received Corrected PCCD and LOE. Buyer Comment (2024-12-20): Updated LOE and PCCD Reviewer Comment (2024-12-18): XXXXX received corrected PCCD and LOE, however. the LOE does not explain the changes made on PCCD. Please provide LOE to borrower for changes made on CD. Buyer Comment (2024-12-17): LOE and PCCD

12/23/2024

2

C

B

C

B

C

B

C

B

C

B

CA

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45655141

32928582

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Missing evidence the appraisal was provided to the borrower three (3) business days prior to consummation.

Reviewer Comment (2024-12-11): Received a copy of appraisal valuation 3 days acknowledgment. Exception Cleared Buyer Comment (2024-12-10): XX/XX/XX Report Reviewer Comment (2024-12-09): Received appraisal delivered dated XX/XX/XX. Require original appraisal report. Exception Remains Buyer Comment (2024-12-06): Appraisal delivery

12/11/2024

1

B

A

B

A

B

A

B

A

B

A

MI

Second Home

Refinance - Cash-out - Other

B

A

A

A

B

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45655141

32928583

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $630.00 exceeds tolerance of $575.00.  Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-11-29): Sufficient Cure Provided At Closing

11/29/2024

1

A

A

A

A

A

A

A

A

A

A

MI

Second Home

Refinance - Cash-out - Other

Final CD evidences Cure

B

A

A

A

B

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

45655141

32928584

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis.  Fee Amount of $170.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-11-29): Sufficient Cure Provided At Closing

11/29/2024

1

A

A

A

A

A

A

A

A

A

A

MI

Second Home

Refinance - Cash-out - Other

Final CD evidences Cure

B

A

A

A

B

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46654681

32928670

Credit

Income / Employment

Income Documentation

Income / Employment

Verification(s) of employment is not within 10 business days of the Note.

-

WVOE document not available at the time of review within 10 days of closing.

Reviewer Comment (2024-12-10): Received VVOE for Borrower XXXXXX. Exception Cleared Buyer Comment (2024-12-09): Email VOE

12/10/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

A

C

A

B

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

46654681

32928671

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.

Appraisal was provided to the borrower on XX/XX/XX, presumed received XX/XX/XX.  Missing evidence of receipt three (3) business days prior to consummation.

Reviewer Comment (2024-12-10): Appraisal received on XX/XX/XX. Exception Cleared Buyer Comment (2024-12-09): Mailbox rule includes Saturday, presumed receipt is XX/XX/XX which is 3 business prior to XX/XX/XX closing.

12/10/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Purchase

C

A

C

A

B

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42746573

32928965

Credit

Income / Employment

Income Documentation

Income / Employment

Income Docs Missing:

-

1084 or Income Worksheet and WVOE - Including income are missing for employment "Flightstar Corporation" for borrower.

Reviewer Comment (2024-12-27): Received income worksheet and WVOE exception cleared. Buyer Comment (2024-12-27): Income worksheet and WVOE

12/27/2024

1

C

A

C

A

C

A

C

A

C

A

AZ

Second Home

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

42746573

32928968

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $210.00 exceeds tolerance of $170.00.  Sufficient or excess cure was provided to the borrower.

Sufficient cure provided at closing.

Reviewer Comment (2024-12-19): Sufficient Cure Provided within 60 Days of Closing

12/19/2024

1

A

A

A

A

A

A

A

A

A

A

AZ

Second Home

Purchase

Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35)

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44474375

32928989

Credit

Loan Package Documentation

Application / Processing

Missing Document

Missing Document: AUS not provided

AUS is missing.

Reviewer Comment (2024-11-26): Received AUS and 1008. Exception Cleared Buyer Comment (2024-11-23): 1008 Reviewer Comment (2024-11-20): Received Updated AUS however DTI not matches. AUS DTI 28.56% over 1008 DTI 28.53%. please run 1008. exception remains. Buyer Comment (2024-11-18): AUS Reviewer Comment (2024-11-13): Provide Final submitted AUS with term matching with 1008. Like HTI and DTI not matching with provided AUS. Exception Remains Buyer Comment (2024-11-11): AUS

11/26/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Second Home

Purchase

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44474375

32928990

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Rural characteristics, per appraisal property is rural and log construction, further review required.

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The qualifying DTI on the loan is less than or equal to 35%. The representative FICO score exceeds the guideline minimum by at least 40 points. The representative FICO score is above 680.

5 or more years

SitusAMC,Aggregator SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-12-03): Investor accepts and waives with compensating factors. Buyer Comment (2024-12-03): Meets XXXXX guideline. Buyer Comment (2024-12-03): XXXXX accepts. Buyer Comment (2024-12-02): Loan is moving to XXXXX, XXXXX Program.

12/03/2024

2

C

B

C

B

C

B

C

B

C

B

CA

Second Home

Purchase

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44474375

32928991

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

On the final CD D0225 Page 2 and 3 i.e. Section F Prepaid Fees and Summary Transactions Calculation reflects  strike off i.e. cancel mark.

Reviewer Comment (2024-11-13): Received PCCD without any Cancel Mark. Exception Cleared Buyer Comment (2024-11-11): PCCD

11/13/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Second Home

Purchase

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43709937

32929082

Credit

Missing Document

General

Missing Document

Missing Document: Trust Agreement (Asset) not provided

Trust Agreement (Asset) is missing for the account number ending with  XXXXX.

Reviewer Comment (2024-11-20): Updated 1003/1008/AUS received without using trust asset. exception cleared. Buyer Comment (2024-11-18): see attached Reviewer Comment (2024-11-14): Require updated 1003/AUS/1008 without using XXXXX account #XXXXX Exception Remains. Final1003/AUS noted this account being used for qualification. Buyer Comment (2024-11-12): see attached

11/20/2024

1

C

A

C

A

C

A

C

A

C

A

CO

Second Home

Refinance - Rate/Term

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

43709937

32929083

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

As per Guideline Rural Zoned Properties not allowed, as per Appraisal Property location is Rural/Residential with rural characteristics.

The qualifying DTI on the loan is at least 10% less than the guideline maximum. Borrower has verified disposable income of at least $2500.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than or equal to 70%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. The representative FICO score is above 680.

39.96 vs 50%

SitusAMC,Aggregator SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-12-10): Investor accepts and approves to waive with compensating factors. Buyer Comment (2024-12-09): XXXXX accepts rural meeting XXXXX guideline. Buyer Comment (2024-12-09): Please move to loan to XXXXX.

12/10/2024

2

B

B

B

B

B

B

B

B

B

B

CO

Second Home

Refinance - Rate/Term

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44988181

32929085

Credit

Credit

Credit Documentation

Credit

Credit Report Error: Missing source document for credit/housing history.

Require verification of rent on rental residence XXXXX.

Reviewer Comment (2024-11-25): Rent verified with Bank Statement for XXXXX on XX/XX/XX. Exception cleared. Buyer Comment (2024-11-22): LOX Buyer Comment (2024-11-22): The borrower explained they rented property at 3813 Starr court, for $3190/mo. There is an LOX and payments shown from their bank statement to the property owner. XX/XX/XX- First month, XXXXX, rent 3190 400 deposit= $3590 to XXXXX (owner- see property report attached) XX/XX/XX rent $3190 to XXXXX XX/XX/XX rent $3190 to XXXXX Buyer Comment (2024-11-22): The borrower explained they rented property at XXXXX, for $3190/mo. There is an LOX and payments shown from their bank statement to the property owner. XX/XX/XX- First month, XXXXX, rent 3190 400 deposit= $3590 to XXXXX (owner- see property report attached) XX/XX/XX rent $3190 to XXXXX XX/XX/XX rent $3190 to XXXXX

11/25/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44988181

32929087

Credit

Loan Package Documentation

Application / Processing

Missing Document

Missing Document: Tax Certificate not provided

Require tax information sheet with county tax rate to match lender calculated annual tax of $XXXXX

Reviewer Comment (2024-12-02): Received Tax Cert, PCCD and AUS. matching the monthly HOI payment. exception cleared. Buyer Comment (2024-11-29): tax Buyer Comment (2024-11-29): DU Buyer Comment (2024-11-29): CD Reviewer Comment (2024-11-22): previously Lender has provided revised AUS and PCCD with change in Tax amount to $XXXXX/monthly and now again Change tax amount to $XXXXX/monthly. If Lender used $XXXXX/monthly tax amount then Lender to provide Updated AUS and PCCD again with change in tax amount to $XXXXX. Exception Remains Buyer Comment (2024-11-21): tax cert $XXXXX Reviewer Comment (2024-11-15): AUS, and CD Received, Require updated 1008/1003/ first payment letter and Escrow disclosure with change in tax amount. Exception Remains Buyer Comment (2024-11-14): Updated AUS and PCCD with taxes matching tax cert in file

12/02/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44988181

32929089

Credit

Credit

Credit Documentation

Guideline

Missing Document: Asset not provided

Business assets used must be accompanied by a CPA letter confirming that the withdrawal of the funds from the business will not harm the financial strength of the business and it is missing in the file.

The representative FICO score is above 680. Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than or equal to 70%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points.

805 vs 680

SitusAMC,Aggregator SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-12-10): Investor accepts and agrees to waive with compensating factors. Buyer Comment (2024-12-10): Loan moving to XXXXX, obtained exception to allow CFA. Reviewer Comment (2024-12-05): Received Business Cash Flow Analysis however as per V12 guidelines page 10 of 22 it require CPA letter confirming that the withdrawal of the funds from the business will not harm the financial strength of the business. exception remains. Buyer Comment (2024-12-03): Cash Flow Reviewer Comment (2024-11-25): Per the guidelines a CPA letter is required. Buyer Comment (2024-11-21): LOX

12/10/2024

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

C

B

C

B

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

44519684

32937091

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Self-Employed Tax Return Recency - QM

General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XX,  Most Recent Tax Return End Date XX/XX/XX, Tax Return Due Date XX/XX/XX.

Informational level two exception only. Missing XXXXX personal tax returns

Reviewer Comment (2024-12-05): Client elects to waive. Buyer Comment (2024-12-04): XXXXX Rebuttal

12/05/2024

2

B

B

B

B

B

B

B

B

B

B

WA

Primary

Purchase

B

B

A

A

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

49245736

32937225

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Coverage amount not provided on preliminary title.

Reviewer Comment (2024-12-12): Exception Cleared; Title Preliminary Supplemental policy is received. Buyer Comment (2024-12-11): Title supplement

12/12/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Purchase

B

A

B

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

49245736

32937226

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $750.00 exceeds tolerance of $700.00.  Sufficient or excess cure was provided to the borrower at Closing.

Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $750.00 exceeds tolerance of $700.00. Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-12-09): Sufficient Cure Provided At Closing

12/09/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Purchase

Final CD evidences Cure

B

A

B

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

[redacted]

[redacted]

[redacted]

[redacted]

47117986

32937236

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

Title Policy is Preliminary or Commitment, and not a Final Title Policy.

File is missing a copy of the final title policy.

Reviewer Comment (2024-12-19): Final title policy received with policy amount. Exception Cleared.

12/19/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47117986

32937237

Credit

Disclosure

Missing Document

Disclosure

E-sign Consent Agreement is missing.

-

E-sign Consent Agreement is missing.

Reviewer Comment (2024-12-23): Econsent provided. Reviewer Comment (2024-12-19): Provided E-consent has the date prior to the application date, provide E-Sign consent agreement. Exception Remains. Buyer Comment (2024-12-17): E - Sign Consent

12/23/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

47117986

32937238

Credit

Title

Document Error

Title

The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Coverage amount not provided on preliminary title.

Reviewer Comment (2024-12-19): Final title policy received with policy amount. Exception Cleared. Buyer Comment (2024-12-18): Title

12/19/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Purchase

C

A

C

A

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

[redacted]

[redacted]

[redacted]

[redacted]

41020688

32937246

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Timing Before Closing

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on XX/XX/XX not received by borrower at least four (4) business days prior to closing.

Revised Loan Estimate provided on XX/XX/XX not received by borrower at least four (4) business days prior to closing.

Reviewer Comment (2024-12-19): XXXXX received proof of earlier electronic receipt Buyer Comment (2024-12-18): Disclosure Tracking Summary Reviewer Comment (2024-12-17): The final LE was not received four or more business days prior to consummation. Buyer Comment (2024-12-17): Disclosure Tracking

12/19/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

No Defined Cure

C

A

A

A

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No