Alt Loan ID

Seller Loan ID

Customer Loan ID

Loan Exception ID

Exception ID

Exception Category

Exception Subcategory

Exception Description

Exception Comments

Seller Response

Reviewer Response

Compensating Factors

Exception Status

Initial Exception Grade

Final Exception Grade

Initial DBRS Exception Grade

Final DBRS Exception Grade

Initial Moodys Exception Grade

Final Moodys Exception Grade

Initial Fitch Exception Grade

Final Fitch Exception Grade

Initial Kroll Exception Grade

Final Kroll Exception Grade

Initial S&P Exception Grade

Final S&P Exception Grade

Subject to Predatory Lending

HUD Category

202571713

XXXX

XXXX

3285562

Property

Missing Post Close Valuation - 1

Open-A valid secondary valuation supporting the origination appraisal value is not present. - Due Diligence Vendor-01/27/2025

Active

3

3

D

D

D

D

D

D

D

D

D

D

Y

Final CD used for testing

202571702

XXXX

XXXX

X

Credit

No Finding

Cleared

1

1

A

A

A

A

A

A

A

A

A

A

Y

Final HUD used for testing

202571707

XXXX

XXXX

0a352345-b550-e311-b68a-d8d385e0a8b2

5

Compliance

3 day rescission period not provided

The file did not contain a HUD Disbursement date to verify Right of Rescission adherence.

12/05/13 – Client supplied a system record date for the Disbursement Date field.

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

Y

Final HUD used for testing

202571707

XXXX

XXXX

958911f4-5f4d-e311-b68a-d8d385e0a8b2

26

Compliance

Loan is subject to Mandatory Arbitration

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing

202571707

XXXX

XXXX

e98e8a53-624d-e311-b68a-d8d385e0a8b2

1742

Compliance

Missing Appraisal

Appraisal is missing the pictures for both the subject property and the comparables.

Active

3

3

D

D

D

D

D

D

D

D

D

D

Y

Final HUD used for testing

202571701

XXXX

XXXX

33f399c8-3751-e311-b68a-d8d385e0a8b2

1597

Compliance

Failure to Obtain Final TIL

Final TIL in file is not signed by all persons with a vested ownership interest in the property.

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing

202571701

XXXX

XXXX

283472d2-7d4c-e311-b68a-d8d385e0a8b2

26

Compliance

Loan is subject to Mandatory Arbitration

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing

202571701

XXXX

XXXX

14f2d2cf-804c-e311-b68a-d8d385e0a8b2

1742

Compliance

Missing Appraisal

Appraisal is missing the pictures for both the subject property and the comparables.

Active

3

3

D

D

D

D

D

D

D

D

D

D

Y

Final HUD used for testing

202571701

XXXX

XXXX

c0761f91-4f5d-e311-b68a-d8d385e0a8b2

2070

Compliance

Missing Loan Modification

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing

202571716

XXXX

XXXX

8f2ae35c-ec46-e311-b68a-d8d385e0a8b2

26

Compliance

Loan is subject to Mandatory Arbitration

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing

202571716

XXXX

XXXX

0d4bca3d-74f7-49a0-915c-f9ed3d0ee1ad

1608

Compliance

Loan Late Charge Parameters Exceeds State Thresholds

CGCEP Title 12 Sub 10, CLA ACM – late fee acceptable

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

Y

Final HUD used for testing

202571716

XXXX

XXXX

fb2f4117-fbf3-e311-8daf-d8d385e1d166

2070

Compliance

Missing Loan Modification

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing

202571714

XXXX

XXXX

35f2afd6-e13b-4f85-81d8-9419fb9bebed

1587

Compliance

APR Under Disclosed

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

Y

Final HUD used for testing

202571714

XXXX

XXXX

6e6c82ba-a8b0-4eb1-84a1-c6fb907b4062

1586

Compliance

Finance Charge Under Disclosed

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

Y

Final HUD used for testing

202571714

XXXX

XXXX

5c067cdf-1693-e311-8ed7-d8d385e1d166

26

Compliance

Loan is subject to Mandatory Arbitration

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing

202571714

XXXX

XXXX

b4171f4a-1893-e311-8ed7-d8d385e1d166

1742

Compliance

Missing Appraisal

Appraisal is missing the pictures for both the subject property and the comparables.

Active

3

3

D

D

D

D

D

D

D

D

D

D

Y

Final HUD used for testing

202571708

XXXX

XXXX

7165bf82-0678-e311-b68a-d8d385e0a8b2

5

Compliance

3 day rescission period not provided

The file did not contain a HUD Disbursement date to verify Right of Rescission adherence.

01/16/14 – Client supplied a system record date for the Disbursement Date field.

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

Y

Final HUD used for testing

202571708

XXXX

XXXX

8d719260-6872-4d14-bec9-def4ffc5aad8

1587

Compliance

APR Under Disclosed

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

Y

Final HUD used for testing

202571708

XXXX

XXXX

992138ff-d44f-477e-a74e-e8d92fa35a6f

1586

Compliance

Finance Charge Under Disclosed

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

Y

Final HUD used for testing

202571708

XXXX

XXXX

e4d2841b-2961-e311-b68a-d8d385e0a8b2

26

Compliance

Loan is subject to Mandatory Arbitration

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing

202571708

XXXX

XXXX

8a99a601-2c61-e311-b68a-d8d385e0a8b2

2803

Compliance

Rate Roll Back Loan – Amount Financed underdisclosed

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing

202571709

XXXX

XXXX

59b86ac1-aac4-456d-b364-9990b9eedbf2

1587

Compliance

APR Under Disclosed

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

Y

Final HUD used for testing

202571709

XXXX

XXXX

872f2280-c23e-4447-a0ed-e9f77a199689

1586

Compliance

Finance Charge Under Disclosed

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

Y

Final HUD used for testing

202571709

XXXX

XXXX

3933a7d5-a962-e311-b68a-d8d385e0a8b2

26

Compliance

Loan is subject to Mandatory Arbitration

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing

202571709

XXXX

XXXX

947f84e5-f668-e311-b68a-d8d385e0a8b2

1742

Compliance

Missing Appraisal

Active

3

3

D

D

D

D

D

D

D

D

D

D

Y

Final HUD used for testing

202571709

XXXX

XXXX

f18189d1-b062-e311-b68a-d8d385e0a8b2

2803

Compliance

Rate Roll Back Loan – Amount Financed underdisclosed

“Information from Client regarding Business Relationships confirmed no Affiliate Fees to be included in Compliance Testing”

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

Y

Final HUD used for testing

202571706

XXXX

XXXX

cce12509-e7de-4146-ac6f-13e228c4a555

1587

Compliance

APR Under Disclosed

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

Y

Final HUD used for testing

202571706

XXXX

XXXX

600016ec-0853-4a83-b077-e80a593e5dfe

1586

Compliance

Finance Charge Under Disclosed

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

Y

Final HUD used for testing

202571706

XXXX

XXXX

a3df2811-0919-e511-8daf-d8d385e1d166

26

Compliance

Loan is subject to Mandatory Arbitration

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing

202571706

XXXX

XXXX

9e980d53-b11a-e511-8daf-d8d385e1d166

6

Compliance

Right to Cancel form not properly executed

The Lender utilized an incorrect ROR form (H9) for a New Lender Refinance.

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing

202571717

XXXX

XXXX

1cc5a8b6-0158-4b1b-a9ea-10394d383c4a

1586

Compliance

Finance Charge Under Disclosed

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

Y

Final HUD used for testing

202571717

XXXX

XXXX

253df2df-6e66-e311-b68a-d8d385e0a8b2

1742

Compliance

Missing Appraisal

Active

3

3

D

D

D

D

D

D

D

D

D

D

Y

Final HUD used for testing

202571720

XXXX

XXXX

6ea1f08b-886d-e811-931d-f4e9d4a75a52

1595

Compliance

Failure to Obtain Final HUD-1

Missing Final HUD – Compliance testing is not complete.   Additional findings may occur upon receipt of Final HUD.

Active

3

3

D

D

D

D

D

D

D

D

D

D

Y

No testing able to be performed.

202571720

XXXX

XXXX

6fa1f08b-886d-e811-931d-f4e9d4a75a52

1597

Compliance

Failure to Obtain Final TIL

Final TIL is missing from the loan file.

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

No testing able to be performed.

202571720

XXXX

XXXX

15ebbb8a-e56f-e811-931d-f4e9d4a75a52

3375

Compliance

General Compliance Exception – Missing Lender of Record Date

Missing Initial application required to determine Lender of Record date for compliance testing. Client Specific - Loan passed rate threshold testing when utilizing the lowest US Treasury Rate from 6 months prior to the Note Date.  The US Treasury Rate used in testing was 5.72% from XX/XX/XXXX.

Active

3

3

D

D

D

D

D

D

D

D

D

D

Y

No testing able to be performed.

202571720

XXXX

XXXX

4a3bbd15-2c6e-4f10-88d3-6a6c748dfd82

1742

Compliance

Missing Appraisal

Appraisal is missing the pictures for the comparables.

Active

3

3

D

D

D

D

D

D

D

D

D

D

Y

No testing able to be performed.

202571720

XXXX

XXXX

bbf2e95e-a200-4312-9380-dc2511e070bd

2072

Compliance

Missing evidence of Loan Approval

The loan approval is missing.

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

No testing able to be performed.

202571720

XXXX

XXXX

f1ec7284-0079-4112-a5bb-14e813e4a918

1741

Compliance

Missing Final Application

Missing Final Application

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

No testing able to be performed.

202571719

XXXX

XXXX

9efb6655-7c6f-e811-931d-f4e9d4a75a52

1742

Compliance

Missing Appraisal

Appraisal is missing (only have  1st 2 pages)

Active

3

3

D

D

D

D

D

D

D

D

D

D

Y

Final HUD used for testing

202571719

XXXX

XXXX

c40de2a3-7d6f-e811-931d-f4e9d4a75a52

1922

Compliance

Monthly MI Premiums are not Properly Disclosed

Monthly MI Premiums of $XX.XX greater that the premiums disclosed on the HUD/CD which reflects $XX.XX

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing

202571705

XXXX

XXXX

f95f7595-c309-e311-b68a-d8d385e0a8b2

2070

Compliance

Missing Loan Modification

Missing loan modification document dated XX/XX/XXXX.

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing

202571705

XXXX

XXXX

f57fb6cc-3eee-e211-b68a-d8d385e0a8b2

27

Compliance

Prepay Penalty Not Enforceable

XXXX Loan: Terms of Prepayment per the Note is 6 months interest > 20% OPB for a 3 year term.  If the loan is prepaid before five years, a prepayment penalty of not more than one percent of the original loan amount is authorized. XXXX Rev. Code Ann. § 1343.011(C).

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing

202571704

XXXX

XXXX

fdcb49fb-7ffa-4c51-81e0-f7e6a80457d8

1586

Compliance

Finance Charge Under Disclosed

XX Insurance Law 6503(a) O.G.C Opinion dated XX/XX/XXXX allows the lender to assess mortgage insurance based on the fair market value, in this context it is the appraised value and not the purchase price.

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

Y

Final HUD used for testing

202571704

XXXX

XXXX

55e8d2c6-ad0b-e611-8544-d8d385e1d166

17

Compliance

State High Cost Loan not compliant

Points and fees exceed state threshold.  $14,318.50 > $13,663.45, the maximum Points and fees permitted, by the State of XXX XXXX. It is unclear as to the reason for the State High Cost fail, due to the lack of documentation in the file. Points and Fees in excess of 3% of Loan Amount or $1000.

05/23/2016 - Per XXXXX 6-L; General Regulations of the Banking Board Part 41 and S 226.4 (c) (7) of title 12, if the 4(c)(7) charges are paid to a third party and not the lender, broker or affiliate, then the charge may be excluded from the points and fees calculation. XX High Cost Points and Fees test passes manual compliance testing.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

Y

Final HUD used for testing

202571715

XXXX

XXXX

6e4dd461-69c5-43e5-ac27-af9cb239b50d

1608

Compliance

Loan Late Charge Parameters Exceeds State Thresholds

5% > 2% maximum late fee allowed by the State of XXX XXXX

Active

3

3

C

C

C

C

C

C

C

C

C

C

Y

Final HUD used for testing

202571712

XXXX

XXXX

863bed9e-07bf-4506-a44d-a03843903470

1586

Compliance

Finance Charge Under Disclosed

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing

202571712

XXXX

XXXX

9cf7021e-d13a-e511-8daf-d8d385e1d166

26

Compliance

Loan is subject to Mandatory Arbitration

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing

202571718

XXXX

XXXX

e354f797-774d-e411-8daf-d8d385e1d166

1650

Compliance

Missing copy of title

Active

3

3

D

D

D

D

D

D

D

D

D

D

Y

Final HUD used for testing

202571710

XXXX

XXXX

3db22887-a33e-e411-8daf-d8d385e1d166

1597

Compliance

Failure to Obtain Final TIL

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing

202571710

XXXX

XXXX

9e05158b-e6c9-49f9-9aab-eea6ddd8a398

1742

Compliance

Missing Appraisal

Active

3

3

D

D

D

D

D

D

D

D

D

D

Y

Final HUD used for testing

202571710

XXXX

XXXX

2eff6ba2-c63c-e411-8daf-d8d385e1d166

2072

Compliance

Missing evidence of Loan Approval

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing

202571710

XXXX

XXXX

4cba2bb6-3ea1-4f9a-a26f-37bc2c863711

1741

Compliance

Missing Final Application

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing

202571710

XXXX

XXXX

ff216fe2-5a36-4ba6-8a21-862f178fb6ba

1596

Compliance

Missing Right To Cancel Form

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing

202571703

XXXX

XXXX

90a787ac-5852-e511-8d38-d8d385e1d166

2072

Compliance

Missing evidence of Loan Approval

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing

202571711

XXXX

XXXX

1f40071d-2e47-e511-8d38-d8d385e1d166

1741

Compliance

Missing Final Application

Final 1003 in file does not have an acknowledgement date and cannot be deemed Final.

Active

2

2

B

B

B

B

B

B

B

B

B

B

Y

Final HUD used for testing