Exhibit 99.3 Schedule 3
| Loan ID | Seller Loan ID | Redaction ID | Overall Initial Loan Grade | Overall Final Loan Grade | Credit Initial Loan Grade | Credit Current/Final Loan Grade | Compliance Initial Loan Grade | Compliance Current/Final Loan Grade | Property Initial Loan Grade | Property Current/Final Loan Grade | Queue | Finding Code | Date Created | Date Modified | Finding Status | Event Level | Initial Finding Grade | Current/Final Finding Grade | Finding Category | Finding Sub Category | Finding Name | Finding Comments | Seller Comments | Resolution Comments | Reviewer Comp Factor | Originator Comp Factors | Finding Documents | Originator QM Status | Final Reviewed QM Status | Loan Amount | Property State | Occupancy | Loan Purpose | Refinance Purpose | Acknowledged / WaivedBy | Waiver in File? | Unique Finding ID |
| XXXX | XXXX | 305277 | D | B | D | B | A | A | A | A | Closed | FCRE1241 | 2024-05-16 12:23 | 2024-05-20 14:27 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Purchase Contract is Missing | Resolved-Received purchase contract. - Due Diligence Vendor-01/28/2025 Ready for Review-Document Uploaded. Please see the attached Purchase Contract. Please clear the condition. - Seller-05/17/2024 Open-Loan Purpose is Purchase but Purchase Contract is Missing. - Purchase Contract is Missing. - Due Diligence Vendor-05/16/2024 |
Ready for Review-Document Uploaded. Please see the attached Purchase Contract. Please clear the condition. - Seller-05/17/2024 |
Resolved-Received purchase contract. - Due Diligence Vendor-01/28/2025 |
Months Reserves exceed minimum required - Qualifying Total Reserves Number of Months 242.19; Required 6 Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 751; Guideline FICO 680 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 1693142 | |
| XXXX | XXXX | 305277 | D | B | D | B | A | A | A | A | Closed | FVAL5474 | 2024-05-17 11:22 | 2024-05-17 11:23 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Condo project is ineligible | Waived--Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-05/17/2024 Open-• Lenders responsible for all unpaid assessments up to the date of Deed-In Lieu of Foreclosure. • Master insurance policy does not include guaranteed replacement cost endorsement. • Elevator has access to all residential floors, though not the mechanical room above the 24th floor. - Due Diligence Vendor-05/17/2024 |
Waived--Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-05/17/2024 |
Months Reserves exceed minimum required - Qualifying Total Reserves Number of Months 242.19; Required 6 Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 751; Guideline FICO 680 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | 1698447 | |||
| XXXX | XXXX | 314257 | D | B | A | A | B | B | D | A | Closed | FPRO1253 | 2024-05-30 14:32 | 2025-01-28 11:45 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-SSR with a CU score of 1 provided. - Due Diligence Vendor-01/28/2025 Open-Missing secondary valuation to meet securitization requirement. - Due Diligence Vendor-01/28/2025 |
Resolved-SSR with a CU score of 1 provided. - Due Diligence Vendor-01/28/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 782 Min FICO = 700 Qualifying DTI below maximum allowed - DTI = 34.59% - Max DTI = 50% |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 1760620 | ||
| XXXX | XXXX | 314257 | D | B | A | A | B | B | D | A | Closed | FCOM1301 | 2024-05-24 14:22 | 2024-05-24 16:04 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Home Loan Toolkit is Missing | Waived-The Home Loan Toolkit disclosure is missing. Originator waiver applied to non-material Findings - Due Diligence Vendor-05/24/2024 | Waived-The Home Loan Toolkit disclosure is missing. Originator waiver applied to non-material Findings - Due Diligence Vendor-05/24/2024 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 782 Min FICO = 700 Qualifying DTI below maximum allowed - DTI = 34.59% - Max DTI = 50% |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 1736213 | |||
| XXXX | XXXX | 321144 | C | B | C | B | A | A | A | A | Closed | FCRE7011 | 2024-06-10 14:09 | 2024-06-12 14:45 | Waived | 2 - Non-Material | C | B | Credit | Insurance | Rent Loss Coverage is Insufficient or Missing | Waived-Originator waiver applied to non material finding with comp factors - Due Diligence Vendor-06/12/2024 Ready for Review-Document Uploaded. - Seller-06/11/2024 Ready for Review-Document Uploaded. - Seller-06/11/2024 Open-Rent Loss Coverage is Insufficient or Missing. Missing 6 months rent loss coverage, amount on policy is not sufficient. - Due Diligence Vendor-06/10/2024 |
Ready for Review-Document Uploaded. - Seller-06/11/2024 Ready for Review-Document Uploaded. - Seller-06/11/2024 |
Waived-Originator waiver applied to non material finding with comp factors - Due Diligence Vendor-06/12/2024 |
Months Reserves exceed minimum required - 80 months > 6 months LTV is less than guideline maximum - LTV is 59% vs program max of 70% |
LTV 58.41%; max 70% 80.49 months reserves from loan proceeds; 6 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | No | 1811206 |
| XXXX | XXXX | 322243 | C | B | A | A | C | B | A | A | Closed | finding-3634 | 2024-06-06 14:00 | 2024-06-20 14:06 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved--Received valid and timely COC - Due Diligence Vendor-06/20/2024 Ready for Review-Document Uploaded. - Seller-06/20/2024 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is XXXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Zero (0%) tolerance fees increased by XXXX (Points, and Broker Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations - 3 years, expiration date XXXX. - Due Diligence Vendor-06/06/2024 |
Ready for Review-Document Uploaded. - Seller-06/20/2024 |
Resolved--Received valid and timely COC - Due Diligence Vendor-06/20/2024 |
On time mortgage history exceeds guideline requirement - On-Time Mtg History = 27 Months – Min On-Time Mtg History = 12 Months Qualifying DTI below maximum allowed - DTI = 37.71% - Max DTI = 50% |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 1796221 | |
| XXXX | XXXX | 322243 | C | B | A | A | C | B | A | A | Closed | FCOM1301 | 2024-06-06 13:42 | 2024-06-06 13:42 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Home Loan Toolkit is Missing | Waived-The Home Loan Toolkit disclosure is missing. Originator waiver applied to non-material Findings. - Due Diligence Vendor-06/06/2024 | Waived-The Home Loan Toolkit disclosure is missing. Originator waiver applied to non-material Findings. - Due Diligence Vendor-06/06/2024 |
On time mortgage history exceeds guideline requirement - On-Time Mtg History = 27 Months – Min On-Time Mtg History = 12 Months Qualifying DTI below maximum allowed - DTI = 37.71% - Max DTI = 50% |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 1796085 | |||
| XXXX | XXXX | 353152 | C | B | A | A | A | A | C | B | Closed | FVAL9739 | 2024-07-26 13:32 | 2025-01-28 10:47 | Waived | 2 - Non-Material | C | B | Property | Appraisal | Property/Appraisal General | Waived-Originator waiver applied to non material finding - Due Diligence Vendor-01/28/2025 Open-Appraisal shows two unpermitted ADU units. does not appear to given any value, or using any rents - Due Diligence Vendor-07/26/2024 |
Waived-Originator waiver applied to non material finding - Due Diligence Vendor-01/28/2025 |
Months Reserves exceed minimum required - 107.39 Months Reserves exceed minimum required of 6 months. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score of 708 is at least 20 points above minimum for program of 620 |
LLPA of .5 708 fico, 620 required. 107 months reserves, 6 months required. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | No | 2066293 | ||
| XXXX | XXXX | 360797 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 365473 | D | B | D | A | C | B | D | A | Closed | FPRO1253 | 2024-08-12 11:03 | 2025-01-28 10:59 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-SSR with a CU score of 1.7 provided. - Due Diligence Vendor-01/28/2025 Open-Missing secondary valuation product required to meet securitization requirement. - Due Diligence Vendor-01/28/2025 |
Resolved-SSR with a CU score of 1.7 provided. - Due Diligence Vendor-01/28/2025 |
Long term residence - Long Term Residence = 2 years Credit history exceeds minimum required - Credit History = 272 Months Minimum Credit History = 24 Months |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2168362 | ||
| XXXX | XXXX | 365473 | D | B | D | A | C | B | D | A | Closed | finding-3635 | 2024-08-08 15:43 | 2024-08-20 11:35 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Resolved-Received Broker attestation letter confirming application date of XXXX. - Due Diligence Vendor-08/20/2024 Ready for Review-Document Uploaded. See uploaded the attestation letter validating the LE from XXXX, please clear condition. - Seller-08/19/2024 Open-This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% (XXXX) exceed the comparable charges (XXXX) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). -----Ten (10%) tolerance fees (title fees) increased by XXXX due to initial LE and Provider List not being received within 3 days of Initial Application date of XXXX. - Due Diligence Vendor-08/08/2024 |
Ready for Review-Document Uploaded. See uploaded the attestation letter validating the LE from XXXX, please clear condition. - Seller-08/19/2024 |
Resolved-Received Broker attestation letter confirming application date of XXXXX. - Due Diligence Vendor-08/20/2024 |
Long term residence - Long Term Residence = 2 years Credit history exceeds minimum required - Credit History = 272 Months Minimum Credit History = 24 Months |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2150960 | |
| XXXX | XXXX | 365473 | D | B | D | A | C | B | D | A | Closed | finding-3652 | 2024-08-08 15:43 | 2024-08-20 11:34 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received Broker attestation letter confirming application date of XXXX. COC in file of Lender Credit decrease on final CD. - Due Diligence Vendor-08/20/2024 Counter-Received CD issued XXXX and DocMagic eSign Certificate. COC not received, please provide. . - Due Diligence Vendor-08/14/2024 Ready for Review-Document Uploaded. Uploaded the COC from XXXX which shows the lender's credit in the amount of XXXX, please clear condition. - Seller-08/13/2024 Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($3,780.00) does not exceed or equal the comparable sum of specific and non-specific lender credits ($4,760.00). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Lender credit decreased from XXXX on Initial CD dated XXXX to XXXX without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. - Due Diligence Vendor-08/08/2024 |
Ready for Review-Document Uploaded. Uploaded the COC from XXXX which shows the lender's credit in the amount of XXXX, please clear condition. - Seller-08/13/2024 |
Resolved-Received Broker attestation letter confirming application date of XXXXX. COC in file of Lender Credit decrease on final CD. - Due Diligence Vendor-08/20/2024 |
Long term residence - Long Term Residence = 2 years Credit history exceeds minimum required - Credit History = 272 Months Minimum Credit History = 24 Months |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2150965 | |
| XXXX | XXXX | 365473 | D | B | D | A | C | B | D | A | Closed | finding-3634 | 2024-08-08 15:43 | 2024-08-20 11:29 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received Broker attestation letter confirming application date of XXXX. - Due Diligence Vendor-08/20/2024 Ready for Review-Document Uploaded. See uploaded the attestation letter validating the LE from XXXX, please clear condition. - Seller-XXXX Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is XXXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ...Due to Initial LE not being received within 3 days of Initial Application. - Due Diligence Vendor-08/08/2024 |
Ready for Review-Document Uploaded. See uploaded the attestation letter validating the LE from XXXX, please clear condition. - Seller-08/19/2024 |
Resolved-Received Broker attestation letter confirming application date of XXXXX. - Due Diligence Vendor-08/20/2024 |
Long term residence - Long Term Residence = 2 years Credit history exceeds minimum required - Credit History = 272 Months Minimum Credit History = 24 Months |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2150957 | |
| XXXX | XXXX | 365473 | D | B | D | A | C | B | D | A | Closed | finding-3515 | 2024-08-08 15:43 | 2024-08-20 11:29 | Resolved | 1 - Information | C | A | Compliance | TRID | Initial Loan Estimate Delivery Date Test (from application) | Resolved-Received Broker attestation letter confirming application date of XXXX. - Due Diligence Vendor-08/20/2024 Ready for Review-Document Uploaded. See uploaded the attestation letter validating the LE from XXXX, please clear condition. - Seller-08/19/2024 Open-This loan failed the initial loan estimate delivery date test (from application) due to one of the following: ( 12 CFR §1026.19(e)(1)(iii)(A) )The initial loan estimate delivery date is later than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions) after the creditor or broker receives the consumer's written application.Therefore, if additional disclosures are entered into ComplianceAnalyzer, any values that would change under a valid changed circumstance if the initial loan estimate had been delivered timely, will not reset the baseline for tolerance purposes. The comparable fees for this loan will be XXXX, regardless of the actual values on the disclosure.This calculation takes into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §1026.2(a)(6) and as it relates to §1026.19(e)(1)(iii)(A) (initial loan estimate disclosure three business days after application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:As not being open on SundayAs not being open on SaturdayPLEASE NOTE: If a conflict results from the client preferences configured on the company settings business days profile page such that a day is marked as both open and closed, ComplianceAnalyzer calculations will presume the company's offices are closed to the public for carrying on substantially all of its business functions. If this is not the appropriate result, you must revise your settings to remove the conflict.The creditor shall deliver or place in the mail the disclosures required under §1026.19(e)(1)(i) (provision of loan estimate form) not later than the third business day after the creditor receives the consumer's application. ----Missing initial LE dated within 3 days of Application date. Additional Findings may apply upon receipt. Initial LE dated XXXX, initial application dated XXXX. - Due Diligence Vendor-08/08/2024 |
Ready for Review-Document Uploaded. See uploaded the attestation letter validating the LE from XXXX, please clear condition. - Seller-08/19/2024 |
Resolved-Received Broker attestation letter confirming application date of XXXXX - Due Diligence Vendor-08/20/2024 |
Long term residence - Long Term Residence = 2 years Credit history exceeds minimum required - Credit History = 272 Months Minimum Credit History = 24 Months |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2150959 | |
| XXXX | XXXX | 365473 | D | B | D | A | C | B | D | A | Closed | finding-3838 | 2024-08-08 15:43 | 2024-08-20 11:29 | Resolved | 1 - Information | C | A | Compliance | ComplianceEase | Written List of Service Providers Disclosure Date Test | Resolved-Received Broker attestation letter confirming application date of XXXX. - Due Diligence Vendor-08/20/2024 Ready for Review-Document Uploaded. See uploaded the attestation letter validating the LE from XXXXX, please clear condition. - Seller-08/19/2024 Open-This loan failed the written list of service providers disclosure date test for one or more of the following reasons: ( 12 CFR §1026.19(e)(1)(vi) )The written list of service providers disclosure date is either:Less than the seventh business day (counting all calendar days except Sunday and specified legal public holidays) before consummation of the transaction; orLater than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions)This calculation takes into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §1026.19(e)(1)(e)(1)(iii) §1026.2(a)(6) and as it relates to §1026.19(a)(1)(vi) (which references the timing requirements for the loan estimate disclosure three business days after application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:NoneAs not being open on PLEASE NOTE: If a conflict results from the client preferences configured on the company settings business days profile page such that a day is marked as both open and closed, ComplianceAnalyzer calculations will presume the company's offices are closed to the public for carrying on substantially all of its business functions. If this is not the appropriate result, you must revise your settings to remove the conflict.If the consumer is permitted to shop for a settlement service, the creditor shall provide the consumer with a written list identifying available providers of that settlement service and stating that the consumer may choose a different provider for that service. The creditor must identify at least one available provider for each settlement service for which the consumer is permitted to shop. The creditor shall provide this written list of settlement service providers separately from the disclosures required by §1026.19(e)(1)(e)(1)(i) but in accordance with the timing requirements in §1026.19(e)(1)(e)(1)(iii). -----Missing Service Provider List dated within 3 days of initial application. Service Provider List dated XXXX, Initial application is dated XXXX. - Due Diligence Vendor-08/08/2024 |
Ready for Review-Document Uploaded. See uploaded the attestation letter validating the LE from XXXX, please clear condition. - Seller-08/19/2024 |
Resolved-Received Broker attestation letter confirming application date of XXXXX. - Due Diligence Vendor-08/20/2024 |
Long term residence - Long Term Residence = 2 years Credit history exceeds minimum required - Credit History = 272 Months Minimum Credit History = 24 Months |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2150961 | |
| XXXX | XXXX | 365473 | D | B | D | A | C | B | D | A | Closed | finding-3367 | 2024-08-08 15:43 | 2024-08-20 11:29 | Resolved | 1 - Information | C | A | Compliance | Disclosure | RESPA Homeownership Counseling Organizations Disclosure Date Test | Resolved-Received Broker attestation letter confirming application date of XXXX. - Due Diligence Vendor-08/20/2024 Ready for Review-Document Uploaded. See uploaded the attestation letter validating the LE from XXXX, please clear condition. - Seller-08/19/2024 Open-This loan failed the homeownership counseling organizations disclosure date test due to the following findings: ( 12 CFR §1024.20(a) )The loan has a homeownership counseling organizations disclosure date that is not within three business days of the loan originator's application date (or the date creditor received application if loan originator's application date is not provided); orThe homeownership counseling organizations disclosure date is after the closing date.Not later than three business days after a lender, mortgage broker, or dealer receives an application, or information sufficient to complete an application, the lender must provide the loan applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant's location. The list of homeownership counseling organizations distributed to each loan applicant under this section shall be obtained no earlier than 30 days prior to the time when the list is provided to the loan applicant from either:(1)The website maintained by the Bureau for lenders to use in complying with the requirements of this section; or(2)Data made available by the Bureau or HUD for lenders to use in complying with the requirements of this section, provided that the data is used in accordance with instructions provided with the data.This calculation take into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §1024.2(b) and as it relates to §1024.20 (list of homeownership counseling organizations provided not later than 3 business days after a loan originator receives an application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page: As not being open on SundayAs not being open on SaturdayPLEASE NOTE: If a conflict results from the client preferences configured on the company settings business days profile page such that a day is marked as both open and closed, ComplianceAnalyzer calculations will presume the company's offices are closed to the public for carrying on substantially all of its business functions. If this is not the appropriate result, you must revise your settings to remove the conflict.Please note: This test does not validate the content of any list of homeownership counseling organizations. -----Missing Homeownership Counseling Org List dated within 3 days of initial application. List is dated XXXX, Initial Application is dated XXXX. - Due Diligence Vendor-08/08/2024 |
Ready for Review-Document Uploaded. See uploaded the attestation letter validating the LE from XXXX, please clear condition. - Seller-08/19/2024 |
Resolved-Received Broker attestation letter confirming application date of XXXXX. - Due Diligence Vendor-08/20/2024 |
Long term residence - Long Term Residence = 2 years Credit history exceeds minimum required - Credit History = 272 Months Minimum Credit History = 24 Months |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2150953 | |
| XXXX | XXXX | 365473 | D | B | D | A | C | B | D | A | Closed | FCRE1363 | 2024-08-12 13:36 | 2024-08-14 15:38 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 WVOE Missing | Resolved-Borrower 2 WVOE Provided or Not Applicable (Number of Borrowers equals XXXX) - 1 month paystubs and 2 years W-2's provided. - Due Diligence Vendor-08/14/2024 Ready for Review-Document Uploaded. B2's income has been uploaded, please clear condition. - Seller-08/13/2024 Open-Borrower 2 WVOE Missing Missing all income docs to support B2's Wage income. - Due Diligence Vendor-08/12/2024 |
Ready for Review-Document Uploaded. B2's income has been uploaded, please clear condition. - Seller-08/13/2024 |
Resolved-Borrower 2 WVOE Provided or Not Applicable (Number of Borrowers equals 2) - 1 month paystubs and 2 years W-2's provided. - Due Diligence Vendor-08/14/2024 |
Long term residence - Long Term Residence = 2 years Credit history exceeds minimum required - Credit History = 272 Months Minimum Credit History = 24 Months |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2170243 | |
| XXXX | XXXX | 365473 | D | B | D | A | C | B | D | A | Closed | FCRE1459 | 2024-08-12 11:42 | 2024-08-14 15:37 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 5 Less Than 2 Months Verified | Resolved-Received asset 5 and verified Statement from April to June. - Due Diligence Vendor-01/28/2025 Ready for Review-Document Uploaded. Please review the document again, the statement is from April to June which sufficient for the 2 months requirement. Kindly clear the condition. - Seller-08/13/2024 Open-Asset 5 Less Than 2 Months Verified - Due Diligence Vendor-08/12/2024 |
Ready for Review-Document Uploaded. Please review the document again, the statement is from April to June which sufficient for the XXXX months requirement. Kindly clear the condition. - Seller-08/13/2024 |
Resolved-Received asset 5 and verified Statement from April to June. - Due Diligence Vendor-01/28/2025 |
Long term residence - Long Term Residence = 2 years Credit history exceeds minimum required - Credit History = 272 Months Minimum Credit History = 24 Months |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2168966 | |
| XXXX | XXXX | 365473 | D | B | D | A | C | B | D | A | Closed | FCRE1198 | 2024-08-12 11:51 | 2024-08-14 15:36 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Audited Reserves of XXXX month(s) are greater than or equal to Guideline Required Reserves of XXXX month(s) - Additional assets provided. - Due Diligence Vendor-08/14/2024 Ready for Review-Document Uploaded. Here is the LP retirement asset for xx to cover the reserves, please clear condition. - Seller-08/13/2024 Open-Audited Reserves of XXXX month(s) are less than Guideline Required Reserves of XXXX month(s) - Due Diligence Vendor-08/12/2024 |
Ready for Review-Document Uploaded. Here is the LP retirement asset for xx to cover the reserves, please clear condition. - Seller-08/13/2024 |
Resolved-Audited Reserves of 6.97 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Additional assets provided. - Due Diligence Vendor-08/14/2024 |
Long term residence - Long Term Residence = 2 years Credit history exceeds minimum required - Credit History = 272 Months Minimum Credit History = 24 Months |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2169099 | |
| XXXX | XXXX | 365473 | D | B | D | A | C | B | D | A | Closed | FCOM1302 | 2024-08-08 14:48 | 2024-08-08 14:49 | Waived | 2 - Non-Material | B | B | Compliance | Disclosure | Home Loan Toolkit Not Provided Within 3 Days of Application Date | Waived-The Home Loan Toolkit was not provided within 3 days of the Application Date (Number of Days Difference is '15'). Originator waiver applied to non-material findings. - Due Diligence Vendor-08/08/2024 | Waived-The Home Loan Toolkit was not provided within 3 days of the Application Date (Number of Days Difference is '15'). Originator waiver applied to non-material findings. - Due Diligence Vendor-08/08/2024 |
Long term residence - Long Term Residence = 2 years Credit history exceeds minimum required - Credit History = 272 Months Minimum Credit History = 24 Months |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 2150402 | |||
| XXXX | XXXX | 365473 | D | B | D | A | C | B | D | A | Closed | FCOM5135 | 2024-08-08 14:48 | 2024-08-08 14:49 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material findings. - Due Diligence Vendor-08/08/2024 | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material findings. - Due Diligence Vendor-08/08/2024 |
Long term residence - Long Term Residence = 2 years Credit history exceeds minimum required - Credit History = 272 Months Minimum Credit History = 24 Months |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 2150403 | |||
| XXXX | XXXX | 368051 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 369697 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 374151 | C | B | C | B | B | B | A | A | Closed | FCRE1247 | 2024-08-21 11:11 | 2024-08-26 17:10 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Seller Contribution Exceeds Program Maximum | Waived-Originator provided a waiver, applied to non material finding with comp factors - Due Diligence Vendor-08/26/2024 Ready for Review-Document Uploaded. Please disregard previous comment, I have uploaded the credit exception for the exceeding of the XXXX contribution. Kindly clear condition. - Seller-08/26/2024 Ready for Review-The LTV is XXXX which is less than XXXX per XXXX guidelines the contribution can be XXXX (XXXX for LTVs <= XXXX; XXXX for LTV XXXX). Please clear condition. - Seller-08/22/2024 Open-Per Seller CD and Settlement statement seller contribution XXXX exceed XXXX max allowed for LTV >XXXX. Additional conditions may apply. - Due Diligence Vendor-08/21/2024 |
Ready for Review-Document Uploaded. Please disregard previous comment, I have uploaded the credit exception for the exceeding of the XXXX contribution. Kindly clear condition. - Seller-08/26/2024 Ready for Review-The LTV is XXXX which is less than XXXX per xx guidelines the contribution can be XXXX (XXXX for LTVs <= XXXX; XXXX for LTV > XXXX). Please clear condition. - Seller-08/22/2024 |
Waived-Originator provided a waiver, applied to non material finding with comp factors - Due Diligence Vendor-08/26/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 724 is at least 20 points above minimum for program 660. Qualifying DTI below maximum allowed - Qualifying DTI 23% below maximum allowed 43% |
23.53% DTI < 50% maximum allowed 724 FICO > 660 minimum required. |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | N/A | 2226817 |
| XXXX | XXXX | 374151 | C | B | C | B | B | B | A | A | Closed | FCOM5135 | 2024-08-16 15:07 | 2024-08-16 15:17 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings - Due Diligence Vendor-08/16/2024 |
Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings - Due Diligence Vendor-08/16/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 724 is at least 20 points above minimum for program 660. Qualifying DTI below maximum allowed - Qualifying DTI 23% below maximum allowed 43% |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 2203836 | |||
| XXXX | XXXX | 375257 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 376596 | C | B | C | B | B | B | A | A | Closed | FCRE8201 | 2024-08-23 12:53 | 2024-08-23 15:43 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-08/23/2024 Open-Loan does not meet guidelines due to property type: Title report shows oil, gas and minerals lease; guidelines indicate that properties subject to oil and/or gas leases are ineligible. Exception approval on file. - Due Diligence Vendor-08/23/2024 |
Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-08/23/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying Credit Score _761_ ; Minimum required _660_. LTV is less than guideline maximum - LTV _75_%; Max _85_%. Qualifying DTI below maximum allowed - Qualifying DTI _38.946_%_; Max permitted 45% |
Ratios < 43% Minimal Consumer Debt FICO > 10pts above requirement |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | 2243732 | ||
| XXXX | XXXX | 376596 | C | B | C | B | B | B | A | A | Closed | FCOM5135 | 2024-08-21 05:52 | 2024-08-21 06:19 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material findings. - Due Diligence Vendor-01/20/2025 | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material findings. - Due Diligence Vendor-01/20/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying Credit Score _761_ ; Minimum required _660_. LTV is less than guideline maximum - LTV _75_%; Max _85_%. Qualifying DTI below maximum allowed - Qualifying DTI _38.946_%_; Max permitted 45% |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 2224569 | |||
| XXXX | XXXX | 376596 | C | B | C | B | B | B | A | A | Closed | FCOM1301 | 2024-08-21 05:52 | 2024-08-21 06:18 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Home Loan Toolkit is Missing | Waived-The Home Loan Toolkit disclosure is missing. Originator waiver applied to non-material findings. - Due Diligence Vendor-08/21/2024 | Waived-The Home Loan Toolkit disclosure is missing. Originator waiver applied to non-material findings. - Due Diligence Vendor-08/21/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying Credit Score _761_ ; Minimum required _660_. LTV is less than guideline maximum - LTV _75_%; Max _85_%. Qualifying DTI below maximum allowed - Qualifying DTI _38.946_%_; Max permitted 45% |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 2224568 | |||
| XXXX | XXXX | 376598 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 378160 | C | B | C | B | A | A | A | A | Closed | FPRO1249 | 2024-08-23 10:40 | 2024-08-23 14:17 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Neighborhood Location Not Allowed for Program | Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-08/23/2024 Open-Primary Value Valuation Neighborhood Location Not Allowed for Program Subject is Rural and in an Agricultural zoned property which is an unacceptable property type. - Due Diligence Vendor-08/23/2024 |
Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-08/23/2024 |
LTV is less than guideline maximum - LTV is 71.67% and max allowed is 80%. Qualifying FICO score is at least 20 points above minimum for program - 6880 > 660 Min |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | Yes | 2242108 | |||
| XXXX | XXXX | 382847 | C | A | C | A | A | A | A | A | Closed | FCOM7353 | 2024-08-23 14:25 | 2024-08-30 10:31 | Resolved | 1 - Information | C | A | Credit | Borrower | Clarification of Application Date | Resolved-Document Uploaded. Disclosure tracking summary provided- XXXX. Condition resolved. - Due Diligence Vendor-08/30/2024 Counter--Rec'd signed copy of Final 1003 dated after Note and signed at closing. Please provide verification of the application date. We do not nee dan application, just the date. - Due Diligence Vendor-08/29/2024 Open--Missing evidence of initial application date. Provide corrected initial application or lender cert/affidavit confirming the application date. - Due Diligence Vendor-08/23/2024 |
Resolved-Document Uploaded. Disclosure tracking summary provided- 6/28/2024. Condition resolved. - Due Diligence Vendor-08/30/2024 |
Months Reserves exceed minimum required - Borrower has 84.16 months of reserves and only needs 6 months to qualify. LTV is less than guideline maximum - LTV is 50% and max LTV is 75% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2244823 | ||
| XXXX | XXXX | 382847 | C | A | C | A | A | A | A | A | Closed | FCRE1455 | 2024-08-28 11:04 | 2024-08-29 18:02 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 1 Less Than 2 Months Verified | Resolved-Upon further review-only one month required; finding resolved. - Due Diligence Vendor-01/20/2025 Open-Asset 1 Less Than 2 Months Verified - Due Diligence Vendor-08/28/2024 |
Resolved-Upon further review-only one month required; finding resolved. - Due Diligence Vendor-01/20/2025 |
Months Reserves exceed minimum required - Borrower has 84.16 months of reserves and only needs 6 months to qualify. LTV is less than guideline maximum - LTV is 50% and max LTV is 75% |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2268756 | |||
| XXXX | XXXX | 382848 | C | A | C | A | B | A | A | A | Closed | FCOM5135 | 2024-08-24 08:45 | 2024-08-29 15:58 | Resolved | 1 - Information | B | A | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Resolved-Upon further review lender does not have third party affiliates- condition resolved. - Due Diligence Vendor-01/20/2025 Open-Required Affiliated Business Disclosure Missing -----Missing Affiliated Business disclosure, unable to test fee tolerance properly. Additional Findings may apply upon receipt. - Due Diligence Vendor-08/24/2024 |
Resolved-Upon further review lender does not have third party affiliates- condition resolved. - Due Diligence Vendor-01/20/2025 |
Qualifying DTI below maximum allowed - DTI is 32.09% and max allowed is 43% Qualifying FICO score is at least 20 points above minimum for program - Score is 763 and minimum allowed is 660 LTV is less than guideline maximum - LTV is 80% and max allowed is 90% |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2247491 | |||
| XXXX | XXXX | 382848 | C | A | C | A | B | A | A | A | Closed | FCRE0044 | 2024-08-28 09:31 | 2024-08-29 15:37 | Resolved | 1 - Information | C | A | Credit | Eligibility | File does not contain LOX for credit inquiries | Resolved-After further review, LOE provided and condition is resolved - Due Diligence Vendor-08/29/2024 Ready for Review-Document Uploaded. These were already included in the original upload, pages 163-164. I’ve gone ahead and reuploaded them. - Seller-08/29/2024 Open-LOX for credit inquiries is missing. - Due Diligence Vendor-08/28/2024 |
Ready for Review-Document Uploaded. These were already included in the original upload, pages 163-164. I’ve gone ahead and reuploaded them. - Seller-08/29/2024 |
Resolved-After further review, LOE provided and condition is resolved - Due Diligence Vendor-08/29/2024 |
Qualifying DTI below maximum allowed - DTI is 32.09% and max allowed is 43% Qualifying FICO score is at least 20 points above minimum for program - Score is 763 and minimum allowed is 660 LTV is less than guideline maximum - LTV is 80% and max allowed is 90% |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2267530 | |
| XXXX | XXXX | 385875 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 389215 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 389219 | C | A | A | A | C | A | A | A | Closed | finding-47 | 2024-09-04 14:47 | 2024-09-11 08:50 | Resolved | 1 - Information | C | A | Compliance | Right to Rescind | TILA Right of Rescission Test | Resolved-Received PCCD XXXX with correct disbursement date. - Due Diligence Vendor-09/11/2024 Ready for Review-Document Uploaded. Subbd PCCD. - Seller-09/10/2024 Open-This loan failed the TILA right of rescission test. Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) )The funding date is before the third business day following consummation. The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. -----Provide PCCD with disbursement date after the ROR expiration date - Due Diligence Vendor-09/04/2024 |
Ready for Review-Document Uploaded. Subbd PCCD. - Seller-09/10/2024 |
Resolved-Received PCCD XXXXX with correct disbursement date. - Due Diligence Vendor-09/11/2024 |
Qualifying DTI below maximum allowed - DTI is 25.48% and max allowed is 50% LTV is less than guideline maximum - LTV is 48.89% and max allowed is 80% Qualifying FICO score is at least 20 points above minimum for program - Score is 810 and minimum allowed is 620 |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 2307961 | |
| XXXX | XXXX | 389434 | D | B | D | A | D | B | A | A | Closed | FCRE1194 | 2024-09-10 11:34 | 2024-09-26 12:48 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Audited LTV of XXXX is less than or equal to Guideline LTV of XXXX - Recalculated the income using Gross. Lender initially used after tax value. - Due Diligence Vendor-09/26/2024 Ready for Review-Document Uploaded. Please see attached 1003 and 1008 with Taxes showing as XXXX - Seller-09/24/2024 Counter-Tax Bill provided reflecting XXXX x2 =XXXX/12= $XXXX. (Charge section of tax bill must be used to qualify for taxes ) Please provided corrected 1003 and 1008 to reflect this payment. Max LTV with DTI > XXXX is XXXX. Finding remains. - Due Diligence Vendor-09/24/2024 Ready for Review-Document Uploaded. Please see attached 1003 and 1008 with Taxes calculated as follows: (XXXX + XXXX) / XX = XXXX - Seller-09/20/2024 Counter-Tax Bill provided reflecting XXXX xX =XXXX/XX= XXXX. Please provided corrected 1003 and 1008 to reflect this payment. Max LTV with DTI > 45% is 75%. Finding remains. - Due Diligence Vendor-09/20/2024 Open-Audited LTV of XXXX exceeds Guideline LTV of XXXX - Due Diligence Vendor-09/20/2024 Ready for Review-Document Uploaded. Please see attached printouts from the County website showing 2023 is the most current Tax Assessment Available. Print-out showing 2024 is not available yet. Also uploaded is a corrected 1003 and 1008. - Seller-09/19/2024 Counter-HOI and HOA provided and cleared. Tax Cert is for XXXX. Provide tax cert for XXXX. - Due Diligence Vendor-09/18/2024 Ready for Review-Document Uploaded. Please see attached HOI showing a Premium of XXXX (XXXX/mth); Annual Taxes of XXXX (XXXX); and HOA of $XXXX/mth for a total housing expense of XXXX/mth. Please also see attached P&L which supports income was calculated off of the net amount of XXXX; Instead of the Gross Amount (prior to taxes being deducted). Please see attached 1003 and 1008 with the correct income calculated off of the Gross amount of XXXX (XXXX/mth (Over XX months)). - Seller-09/17/2024 Counter-1008 received with incorrect REO calculations. Property 3a Taxes =XXXX +HOI=XXXX + HOA=XXXX Rent =XXXX(XXXX) =XXXX Total monthly rent =XXXX. Provide revised 1008 with corrected rental income. Finding remains .Audited LTV of XXXX exceeds Guideline LTV of XXXX Max LTV with DTI > XXXX is XXXX - Due Diligence Vendor-09/16/2024 Ready for Review-Document Uploaded. See enclosed the 1008 that was delivered with the initial loan package. Thank you. - Seller-09/16/2024 Counter-1008 is not attached. If income has changed please provide a revised 1008, 1003 and income worksheet. - Due Diligence Vendor-09/12/2024 Ready for Review-Please see attached 1008 providing the qualifying income of XXXX and total expenses of XXXX supporting a DTI of XXXX. We kindly ask that this finding be waived since DTI was below XXXX. - Seller-09/11/2024 Open-Audited LTV of XXXX exceeds Guideline LTV of XXXX Max LTV with DTI > XXXX is XXXX - Due Diligence Vendor-09/10/2024 |
Ready for Review-Document Uploaded. Please see attached 1003 and 1008 with Taxes showing as XXXX - Seller-09/24/2024 Ready for Review-Document Uploaded. Please see attached 1003 and 1008 with Taxes calculated as follows: (XXXX + XXXX) / XXXX = XXXX - Seller-09/20/2024 Ready for Review-Document Uploaded. Please see attached printouts from the County website showing 2023 is the most current Tax Assessment Available. Print-out showing XXXX is not available yet. Also uploaded is a corrected 1003 and 1008. - Seller-09/19/2024 Ready for Review-Document Uploaded. Please see attached HOI showing a Premium of XXXX (XXXX/mth); Annual Taxes of XXXX (XXXX); and HOA of XXXX/mth for a total housing expense of XXXX/mth. Please also see attached P&L which supports income was calculated off of the net amount of XXXX; Instead of the Gross Amount (prior to taxes being deducted). Please see attached 1003 and 1008 with the correct income calculated off of the Gross amount of XXXX (XXXX/mth (Over XX months)). - Seller-09/17/2024 Ready for Review-Document Uploaded. See enclosed the 1008 that was delivered with the initial loan package. Thank you. - Seller-09/16/2024 Ready for Review-Please see attached 1008 providing the qualifying income of XXXX and total expenses of XXXX supporting a DTI of XXXX. We kindly ask that this finding be waived since DTI was below XXXX. - Seller-09/11/2024 |
Resolved-Audited LTV of 85% is less than or equal to Guideline LTV of 85% - Recalculated the income using Gross. Lender initially used after tax value. - Due Diligence Vendor-09/26/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 769 vs program min required of 720 On time mortgage history exceeds guideline requirement - Mortgage history reporting for 52 mo's 0x30 |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2343237 | |
| XXXX | XXXX | 389434 | D | B | D | A | D | B | A | A | Closed | FCRE1510 | 2024-09-12 16:53 | 2024-09-23 08:00 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Legal Description provided. - Due Diligence Vendor-09/23/2024 Ready for Review-Document Uploaded. Please see attached Mortgage including Exhibit "A" - Seller-09/17/2024 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing copy of the Legal Description "Exhibit A". - Due Diligence Vendor-09/12/2024 |
Ready for Review-Document Uploaded. Please see attached Mortgage including Exhibit "A" - Seller-09/17/2024 |
Resolved-Legal Description provided. - Due Diligence Vendor-09/23/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 769 vs program min required of 720 On time mortgage history exceeds guideline requirement - Mortgage history reporting for 52 mo's 0x30 |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2365651 | |
| XXXX | XXXX | 389434 | D | B | D | A | D | B | A | A | Closed | FCRE0082 | 2024-09-10 10:11 | 2024-09-23 07:59 | Resolved | 1 - Information | C | A | Credit | Title | Vested Owner Signature Requirement Not met | Resolved-Mortgage has been provided. - Due Diligence Vendor-09/23/2024 Ready for Review-Document Uploaded. Please see attached Mortgage Document - Seller-09/11/2024 Open-Vested Owner Signature Requirement Not met. No DOT provided - Due Diligence Vendor-09/10/2024 |
Ready for Review-Document Uploaded. Please see attached Mortgage Document - Seller-09/11/2024 |
Resolved-Mortgage has been provided. - Due Diligence Vendor-09/23/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 769 vs program min required of 720 On time mortgage history exceeds guideline requirement - Mortgage history reporting for 52 mo's 0x30 |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2342131 | |
| XXXX | XXXX | 389434 | D | B | D | A | D | B | A | A | Closed | FCOM1220 | 2024-09-05 08:43 | 2024-09-23 07:58 | Resolved | 1 - Information | D | A | Credit | Missing Doc | The Deed of Trust is Missing | Resolved-Received Deed of Trust. - Due Diligence Vendor-01/20/2025 Ready for Review-Document Uploaded. - Seller-09/11/2024 Open-The Deed of Trust is Missing Please provide a copy of the executed Mortgage with all riders. - Due Diligence Vendor-09/05/2024 |
Ready for Review-Document Uploaded. - Seller-09/11/2024 |
Resolved-Received Deed of Trust. - Due Diligence Vendor-01/20/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 769 vs program min required of 720 On time mortgage history exceeds guideline requirement - Mortgage history reporting for 52 mo's 0x30 |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2312402 | |
| XXXX | XXXX | 389434 | D | B | D | A | D | B | A | A | Closed | FCOM1232 | 2024-09-05 08:50 | 2024-09-12 10:46 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Missing | Resolved-Received Final 1003. - Due Diligence Vendor-09/12/2024 Ready for Review-Document Uploaded. Please see attached 1003 - Seller-09/11/2024 Open-The Final 1003 is Missing Please provide copy of final 1003 signed at closing. - Due Diligence Vendor-09/05/2024 |
Ready for Review-Document Uploaded. Please see attached 1003 - Seller-09/11/2024 |
Resolved-Received Final 1003. - Due Diligence Vendor-09/12/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 769 vs program min required of 720 On time mortgage history exceeds guideline requirement - Mortgage history reporting for 52 mo's 0x30 |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2312443 | |
| XXXX | XXXX | 389434 | D | B | D | A | D | B | A | A | Closed | FCOM1207 | 2024-09-05 08:42 | 2024-09-12 10:41 | Resolved | 1 - Information | C | A | Compliance | Closing | The Note is Not Executed | Resolved-Received the executed Note. - Due Diligence Vendor-09/12/2024 Ready for Review-Document Uploaded. Please see attached Note - Seller-09/11/2024 Open-The Note is Not Executed Please provide a copy of the executed Note. - Due Diligence Vendor-09/05/2024 |
Ready for Review-Document Uploaded. Please see attached Note - Seller-09/11/2024 |
Resolved-Received the executed Note. - Due Diligence Vendor-09/12/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 769 vs program min required of 720 On time mortgage history exceeds guideline requirement - Mortgage history reporting for 52 mo's 0x30 |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2312393 | |
| XXXX | XXXX | 389434 | D | B | D | A | D | B | A | A | Closed | FCOM1621 | 2024-09-05 08:54 | 2024-09-05 17:50 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Initial Escrow Disclosure | Waived-Initial Escrow Account Disclosure is Missing Originator waiver applied to non-material Findings - Due Diligence Vendor-09/05/2024 | Waived-Initial Escrow Account Disclosure is Missing Originator waiver applied to non-material Findings - Due Diligence Vendor-09/05/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 769 vs program min required of 720 On time mortgage history exceeds guideline requirement - Mortgage history reporting for 52 mo's 0x30 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 2312500 | |||
| XXXX | XXXX | 390414 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 391198 | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2024-09-11 15:16 | 2024-09-13 15:46 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Housing History Meets Guideline Requirements. Rent Ledger with 12 months of payment history provided. - Due Diligence Vendor-09/13/2024 Ready for Review-Document Uploaded. Please see attached payment history for borrower's residence at xx. We ask this condition please be waived. - Seller-09/12/2024 Open-Housing History Does Not Meet Guideline Requirements No rental history provided - Due Diligence Vendor-09/11/2024 |
Ready for Review-Document Uploaded. Please see attached payment history for borrower's residence at XXXX. We ask this condition please be waived. - Seller-09/12/2024 |
Resolved-Housing History Meets Guideline Requirements. Rent Ledger with 12 months of payment history provided. - Due Diligence Vendor-09/13/2024 |
Credit history exceeds minimum required - Credit history exceeds 24 mo's. Residual Income =/> 1.5 times $3,500 monthly residual income - Residual income is > 1.5 times min required |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2355346 | |
| XXXX | XXXX | 391198 | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-09-11 15:16 | 2024-09-13 15:45 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-09/13/2024 Ready for Review-Document Uploaded. Please see attached Credit Refresh - Seller-09/12/2024 Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-09/11/2024 |
Ready for Review-Document Uploaded. Please see attached Credit Refresh - Seller-09/12/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-09/13/2024 |
Credit history exceeds minimum required - Credit history exceeds 24 mo's. Residual Income =/> 1.5 times $3,500 monthly residual income - Residual income is > 1.5 times min required |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2355347 | |
| XXXX | XXXX | 391198 | D | A | D | A | A | A | A | A | Closed | FPRO1255 | 2024-09-11 19:20 | 2024-09-13 15:42 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | HOA Questionnaire Document is Missing | Resolved-The HOA Questionnaire Document received. - Due Diligence Vendor-01/20/2025 Ready for Review-Document Uploaded. See the enclosed condo questionnaire that was delivered with the initial loan package. Also, this is a XXXX primary so the condo can be warranted from the appraisal report. Please waive the condition accordingly. - Seller-09/12/2024 Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. All Loans secured by condominium projects require a completed Homeowners AssociaƟon (HOA) questonnaire and condominium. - Due Diligence Vendor-09/11/2024 |
Ready for Review-Document Uploaded. See the enclosed condo questionnaire that was delivered with the initial loan package. Also, this is a XXXX primary so the condo can be warranted from the appraisal report. Please waive the condition accordingly. - Seller-09/12/2024 |
Resolved-The HOA Questionnaire Document received. - Due Diligence Vendor-01/20/2025 |
Credit history exceeds minimum required - Credit history exceeds 24 mo's. Residual Income =/> 1.5 times $3,500 monthly residual income - Residual income is > 1.5 times min required |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2357560 | |
| XXXX | XXXX | 392685 | D | A | D | A | A | A | A | A | Closed | FCRE1510 | 2024-09-12 12:09 | 2024-09-17 15:42 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-There are no issues present on the Mortgage Document (Deed of Trust). - DOT w/legal provided. - Due Diligence Vendor-09/17/2024 Ready for Review-Document Uploaded. please find the uploaded dot with legal. - Seller-09/16/2024 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing copy of the legal description "Exhibit A". - Due Diligence Vendor-09/12/2024 |
Ready for Review-Document Uploaded. please find the uploaded dot with legal. - Seller-09/16/2024 |
Resolved-There are no issues present on the Mortgage Document (Deed of Trust). - DOT w/legal provided. - Due Diligence Vendor-09/17/2024 |
Months Reserves exceed minimum required - Months Reserves 15 exceed minimum required LTV is less than guideline maximum - LTV 47.06% is less than guideline maximum. |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 2361847 | |
| XXXX | XXXX | 392685 | D | A | D | A | A | A | A | A | Closed | FCRE1164 | 2024-09-12 13:20 | 2024-09-17 15:41 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Insurance Policy Missing | Resolved-Received Flood Insurance Policy. - Due Diligence Vendor-01/28/2025 Ready for Review-Document Uploaded. please find the flood paid at closing - Seller-09/16/2024 Open-Missing Flood Insurance Policy - Due Diligence Vendor-09/12/2024 |
Ready for Review-Document Uploaded. please find the flood paid at closing - Seller-09/16/2024 |
Resolved-Received Flood Insurance Policy. - Due Diligence Vendor-01/28/2025 |
Months Reserves exceed minimum required - Months Reserves 15 exceed minimum required LTV is less than guideline maximum - LTV 47.06% is less than guideline maximum. |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 2363224 | |
| XXXX | XXXX | 392685 | D | A | D | A | A | A | A | A | Closed | FCRE1193 | 2024-09-12 14:44 | 2024-09-17 15:38 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-Upon further review audited DTI of XXXX is less than or equal to Guideline DTI of XXXX - Removed Authorized user account. - Due Diligence Vendor-01/28/2025 Ready for Review-Document Uploaded. please find the ATR for review. - Seller-09/16/2024 Open-Audited DTI of XXXX exceeds Guideline DTI of XXXX - Due Diligence Vendor-09/12/2024 |
Ready for Review-Document Uploaded. please find the ATR for review. - Seller-09/16/2024 |
Resolved-Upon further review audited DTI of 47.88% is less than or equal to Guideline DTI of 50% - Removed Authorized user account. - Due Diligence Vendor-01/28/2025 |
Months Reserves exceed minimum required - Months Reserves 15 exceed minimum required LTV is less than guideline maximum - LTV 47.06% is less than guideline maximum. |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 2364204 | |
| XXXX | XXXX | 394378 | C | A | A | A | C | A | A | A | Closed | finding-3635 | 2024-09-11 13:51 | 2024-09-27 09:37 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Resolved-This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii)) charges that in total cannot increase more than 10% (XXXX) exceed the comparable charges ($0.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures. An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($181.00) exceed the comparable charges (XXXX) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures. An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). ----- Lender credit on final CD, $381.00 for increase in Closing Costs above legal limit. Finding resolved - Due Diligence Vendor-09/27/2024 Open-This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($181.00) exceed the comparable charges (XXXX) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). - Due Diligence Vendor-09/19/2024 |
Resolved-This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii)) charges that in total cannot increase more than 10% ($181.00) exceed the comparable charges ($0.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures. An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($181.00) exceed the comparable charges ($0.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures. An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). ----- Lender credit on final CD, $381.00 for increase in Closing Costs above legal limit. Finding resolved - Due Diligence Vendor-09/27/2024 |
LTV is less than guideline maximum - LTV75%; max 80%. Qualifying DTI below maximum allowed - Qualifying DTI 36.51; max permitted 50%. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 2354249 | |||
| XXXX | XXXX | 394475 | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 396267 | A | A | A | A | A | A | A | A | A | A | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 397727 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 404683 | C | A | C | A | A | A | A | A | Closed | FCRE1197 | 2024-09-30 13:05 | 2024-09-30 16:28 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited FICO is less than Guideline FICO | Resolved-Upon further review condition resolved no additional documentation required. Updated guideline parameters. - Due Diligence Vendor-01/28/2025 Open-Audited FICO of XXXX is less than Guideline FICO of XXXX Minimum credit score requirement per guidelines is XXXX - Due Diligence Vendor-09/30/2024 |
Resolved-Upon further review condition resolved no additional documentation required. Updated guideline parameters. - Due Diligence Vendor-01/28/2025 |
On time mortgage history exceeds guideline requirement - On-Time Mtg History = 27 Months – Min On-Time Mtg History = 12 Months Months Reserves exceed minimum required - Reserves = 76 months – Required Reserves = 0 Months |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2486979 | |||
| XXXX | XXXX | 430810 | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Second Home | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 430899 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 433942 | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 434652 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 434656 | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 435511 | C | A | C | A | A | A | A | A | Closed | FCRE1481 | 2024-11-07 16:33 | 2024-11-07 16:36 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 3 Does Not Meet Guideline Requirements | Resolved-Upon further review asset Record 3 Meets G/L Requirements Or Not Applicable - Typo. No additional documentation required. - Due Diligence Vendor-01/20/2025 Open-Asset Record 3 Does Not Meet G/L Requirements - Due Diligence Vendor-11/07/2024 |
Resolved-Upon further review asset Record 3 Meets G/L Requirements Or Not Applicable - Typo. No additional documentation required. - Due Diligence Vendor-01/20/2025 |
Qualifying DTI below maximum allowed - Guidelines allow up to 50% -- Borrower is at 43.07% Residual Income =/> 1.5 times $3,500 monthly residual income - Residual required $1500- Borrower has $5668.56 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2767155 | |||
| XXXX | XXXX | 435511 | C | A | C | A | A | A | A | A | Closed | FCRE1198 | 2024-11-04 15:10 | 2024-11-07 16:35 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Audited Reserves of XXXX month(s) are greater than or equal to Guideline Required Reserves of XXXX month(s) - Most recent bank statement provided. - Due Diligence Vendor-11/07/2024 Ready for Review-Document Uploaded. Please see attached Transaction History showing the borrower's available balance of XXXX after receiving the Gift Funds. This would cover the required reserves of XXXX. Please note, Funds to Close were wired on XXXX, so the available balance can be used towards reserves. - Seller-11/06/2024 Open-Audited Reserves of XXXX month(s) are less than Guideline Required Reserves of XXXX month(s) Additional asset required. - Due Diligence Vendor-11/04/2024 |
Ready for Review-Document Uploaded. Please see attached Transaction History showing the borrower's available balance of XXXX after receiving the Gift Funds. This would cover the required reserves of XXXX. Please note, Funds to Close were wired on XXXX, so the available balance can be used towards reserves. - Seller-11/06/2024 |
Resolved-Audited Reserves of 6.25 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Most recent bank statement provided. - Due Diligence Vendor-11/07/2024 |
Qualifying DTI below maximum allowed - Guidelines allow up to 50% -- Borrower is at 43.07% Residual Income =/> 1.5 times $3,500 monthly residual income - Residual required $1500- Borrower has $5668.56 |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2739749 | |
| XXXX | XXXX | 435511 | C | A | C | A | A | A | A | A | Closed | FCRE1480 | 2024-11-04 15:02 | 2024-11-07 16:34 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 2 Does Not Meet Guideline Requirements | Resolved-Received gift documentation. Finding resolved. - Due Diligence Vendor-01/20/2025 Ready for Review-Document Uploaded. Please note that the Donor Transferred the Gift Funds to the Borrower as follows: XXXX on XXXX and XXXX on XXXX. Please see the transaction Histories from both the Buyer and the Donor evidencing the gift funds being received. - Seller-11/06/2024 Open-Asset Record 2 Does Not Meet G/L Requirements Provide proof that the gift funds were received by the Title/ Escrow company. - Due Diligence Vendor-11/04/2024 |
Ready for Review-Document Uploaded. Please note that the Donor Transferred the Gift Funds to the Borrower as follows: XXXX on XXXX and XXXX on XXXX. Please see the transaction Histories from both the Buyer and the Donor evidencing the gift funds being received. - Seller-11/06/2024 |
Resolved-Received gift documentation. Finding resolved. - Due Diligence Vendor-01/20/2025 |
Qualifying DTI below maximum allowed - Guidelines allow up to 50% -- Borrower is at 43.07% Residual Income =/> 1.5 times $3,500 monthly residual income - Residual required $1500- Borrower has $5668.56 |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2739656 | |
| XXXX | XXXX | 437389 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 437415 | D | B | D | B | C | A | A | A | Closed | FCRE6019 | 2024-11-11 12:19 | 2025-01-20 15:14 | Waived | 2 - Non-Material | D | B | Credit | Missing Doc | Citizenship Documentation Not Provided | Waived-Originator granted exception on the non-permanent resident EAD expiration policy to allow the EAD cards to be valid at time of closing in accordance with the XXXX 1.1 guide updates.~Waiver applied to non-material finding with compensating factors . - Due Diligence Vendor-01/20/2025 Ready for Review-Document Uploaded. Approved credit exception enclosed - Seller-11/14/2024 Open-Borrower Citizenship Documentation Is Missing EAD card for both B1 and B2 expire within 6 months of application date, no proof of extension provided. - Due Diligence Vendor-11/11/2024 |
Ready for Review-Document Uploaded. Approved credit exception enclosed - Seller-11/14/2024 |
Waived-Originator granted exception on the non-permanent resident EAD expiration policy to allow the EAD cards to be valid at time of closing in accordance with the XXXXX guide updates.~Waiver applied to non-material finding with compensating factors . - Due Diligence Vendor-01/20/2025 |
Residual Income =/> 1.5 times $3,500 monthly residual income - Residual income $3950. Verified employment history exceeds guidelines - Borrower business owner from the past 3 years |
Qualifying DTI below maximum allowed Credit history exceeds minimum require |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | 2782937 |
| XXXX | XXXX | 437415 | D | B | D | B | C | A | A | A | Closed | FCRE5790 | 2024-11-11 12:12 | 2024-11-14 15:42 | Resolved | 1 - Information | C | A | Credit | Closing | Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) | Resolved-Client provided the UDM report on the drive report, updated data- condition resolved. - Due Diligence Vendor-11/14/2024 Ready for Review-Document Uploaded. Please see updated Data Verify which shows minimal changes. Only change to liabilities was a $30 monthly payment to xx which would not impact the Final Decision. We ask this condition be cleared. - Seller-11/12/2024 Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). 17 days old - Due Diligence Vendor-11/11/2024 |
Ready for Review-Document Uploaded. Please see updated Data Verify which shows minimal changes. Only change to liabilities was a XXXX monthly payment to XXXX/XXXX bank which would not impact the Final Decision. We ask this condition be cleared. - Seller-11/12/2024 |
Resolved-Client provided the UDM report on the drive report, updated data- condition resolved. - Due Diligence Vendor-11/14/2024 |
Residual Income =/> 1.5 times $3,500 monthly residual income - Residual income $3950. Verified employment history exceeds guidelines - Borrower business owner from the past 3 years |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2782851 | |
| XXXX | XXXX | 437415 | D | B | D | B | C | A | A | A | Closed | finding-3634 | 2024-11-09 10:31 | 2024-11-11 12:21 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Final CD has a XXXX Lender Credit for increase in closing cost above legal limit. - Finding Resolved. - Due Diligence Vendor-11/11/2024 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is XXXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). - Due Diligence Vendor-11/11/2024 |
Resolved-Final CD has a $40.12 Lender Credit for increase in closing cost above legal limit. - Finding Resolved. - Due Diligence Vendor-11/11/2024 |
Residual Income =/> 1.5 times $3,500 monthly residual income - Residual income $3950. Verified employment history exceeds guidelines - Borrower business owner from the past 3 years |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2777055 |